Hardmetal Engineering (cornwall) Limited

POWER SEARCH PRICING

SOLUTIONS

hardmetal engineering (cornwall) limited Company Information

Company Number

04902425

Next Accounts

Sep 2025

Directors

Sean Rice

Ian Webb

Shareholders

treleigh holdings ltd

Group Structure

View All

Industry

Manufacture of metal structures and parts of structures

Registered Address

unit 3 jon davey drive, treleigh industrial estate, redruth, cornwall, TR16 4AX

Website

http://wesltd.com

hardmetal engineering (cornwall) limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of HARDMETAL ENGINEERING (CORNWALL) LIMITED at £2.5m based on Net Assets of £1.2m and 2.02x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Hardmetal Engineering (cornwall) Limited is a live company located in redruth, TR16 4AX with a Companies House number of 04902425. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in September 2003, it's largest shareholder is treleigh holdings ltd with a 100% stake. Hardmetal Engineering (cornwall) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with high growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Hardmetal Engineering (Cornwall) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (11.7%)

EXPORT

Hardmetal Engineering (Cornwall) Limited's latest turnover from December 2023 is estimated at £2.9 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Hardmetal Engineering (Cornwall) Limited has 11 employees and maintains cash reserves of £119.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,918,831	1,764,158	1,500,583	1,709,640	1,768,409	1,386,263	1,277,035	737,625	649,260	458,370	390,692	483,931	344,559	404,726	422,837
Other Income Or Grants
Cost Of Sales	2,404,216	1,489,520	1,272,097	1,442,565	1,486,049	1,152,785	1,040,473	591,508	515,997	369,026	315,860	390,279	280,657	239,729	243,716
Gross Profit	514,615	274,638	228,486	267,076	282,360	233,477	236,562	146,116	133,263	89,344	74,831	93,652	63,902	164,997	179,121
Admin Expenses	355,626	421,601	140,606	190,021	314,859	-219,218	-86,369	-229,733	-14,800	-38,410	51,615	-13,531	19,177	133,512	143,748
Operating Profit	158,989	-146,963	87,880	77,055	-32,499	452,695	322,931	375,849	148,063	127,754	23,216	107,183	44,725	31,485	35,373
Interest Payable											1,839	4,044	2,349	3,991	1,052
Interest Receivable	5,673	7,848	743	164	906	845	727	203	237	87	98	22	51	2	1
Pre-Tax Profit	164,661	-139,115	88,622	77,219	-31,593	453,540	323,658	376,053	148,300	127,842	21,475	103,161	42,427	27,496	34,322
Tax	-41,165		-16,838	-14,672		-86,173	-61,495	-75,210	-29,660	-26,847	-4,939	-24,759	-11,031	-6,579	-5,299
Profit After Tax	123,496	-139,115	71,784	62,547	-31,593	367,367	262,163	300,842	118,640	100,995	16,536	78,402	31,396	20,917	29,023
Dividends Paid															50,000
Retained Profit	123,496	-139,115	71,784	62,547	-31,593	367,367	262,163	300,842	118,640	100,995	16,536	78,402	31,396	20,917	-20,977
Employee Costs	473,161	725,098	449,284	482,355	568,030	541,409	533,489	527,863	496,568	101,973	97,506	98,484	63,681	92,286	91,308
Number Of Employees	11	18	12	13	15	15	15	15	15	3	3	3	2	3	3
EBITDA*	158,989	-102,416	140,287	138,713	40,037	514,750	402,751	443,878	222,734	207,053	70,605	140,088	72,724	43,193	58,691

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets		252,428	296,975	349,382	411,040	483,326	495,770	430,513	423,247	475,098	524,965	188,429	218,114	66,535	74,735
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets		252,428	296,975	349,382	411,040	483,326	495,770	430,513	423,247	475,098	524,965	188,429	218,114	66,535	74,735
Stock & work in progress		90,059	176,738	150,614	173,295	200,962	175,063	177,478	147,958	124,245	102,423	120,248	104,590	74,261	73,401
Trade Debtors	1,118,464	784,280	660,047	724,240	725,948	537,596	463,324	199,484	126,508	149,395	108,206	162,247	107,578	87,815	82,940
Group Debtors								170,433	38,433					12,938
Misc Debtors								8,418	3,321					2,202	427
Cash	119,063	97,045	351,414	242,729	85,004	156,620	222,114	68,639	94,083	887	34,065	5,216	3,687	16,624	4,029
misc current assets
total current assets	1,237,527	971,384	1,188,199	1,117,583	984,247	895,178	860,501	624,452	410,303	274,527	244,694	287,711	215,855	193,840	160,797
total assets	1,237,527	1,223,812	1,485,174	1,466,965	1,395,287	1,378,504	1,356,271	1,054,965	833,550	749,625	769,659	476,140	433,969	260,375	235,532
Bank overdraft												25,081	182	4,412	28,556
Bank loan
Trade Creditors	20,064	74,583	186,907	248,322	229,296	147,314	201,149	24,495	52,618	71,701	91,595	64,006	49,508	31,913	24,648
Group/Directors Accounts								44,421	56,115						6,900
other short term finances												31,494	67,681
hp & lease commitments									57,866	101,650	105,398	37,021	37,021
other current liabilities								166,079	82,902	3,350				96,502	63,210
total current liabilities	20,064	74,583	186,907	248,322	229,296	147,314	201,149	234,995	249,501	176,701	196,993	157,602	154,392	132,827	123,314
loans															4,513
hp & lease commitments									36,611	108,703	185,307		115,289
Accruals and Deferred Income									42,747	68,395	94,043
other liabilities						21,667	54,167	5,862				78,268
provisions		55,262	65,185	57,345	67,240	79,179	75,815	51,131	42,556	52,331	50,816	14,306	16,726	11,382	12,456
total long term liabilities		55,262	65,185	57,345	67,240	100,846	129,982	56,993	121,914	229,429	330,166	92,574	132,015	11,382	16,969
total liabilities	20,064	129,845	252,092	305,667	296,536	248,160	331,131	291,988	371,415	406,130	527,159	250,176	286,407	144,209	140,283
net assets	1,217,463	1,093,967	1,233,082	1,161,298	1,098,751	1,130,344	1,025,140	762,977	462,135	343,495	242,500	225,964	147,562	116,166	95,249
total shareholders funds	1,217,463	1,093,967	1,233,082	1,161,298	1,098,751	1,130,344	1,025,140	762,977	462,135	343,495	242,500	225,964	147,562	116,166	95,249

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	158,989	-146,963	87,880	77,055	-32,499	452,695	322,931	375,849	148,063	127,754	23,216	107,183	44,725	31,485	35,373
Depreciation		44,547	52,407	61,658	72,536	62,055	79,820	68,029	74,671	79,299	47,389	32,905	27,999	11,708	12,389
Amortisation															10,929
Tax	-41,165		-16,838	-14,672		-86,173	-61,495	-75,210	-29,660	-26,847	-4,939	-24,759	-11,031	-6,579	-5,299
Stock	-90,059	-86,679	26,124	-22,681	-27,667	23,484	-2,415	29,520	23,713	21,822	-17,825	15,658	30,329	860	73,401
Debtors	334,184	124,233	-64,193	-1,708	188,352	159,261	84,989	210,073	18,867	41,189	-54,041	54,669	4,623	19,588	83,367
Creditors	-54,519	-112,324	-61,415	19,026	81,982	122,819	176,654	-28,123	-19,083	-19,894	27,589	14,498	17,595	7,265	24,648
Accruals and Deferred Income						-166,079	-166,079	40,430	53,904	-22,298	94,043		-96,502	33,292	63,210
Deferred Taxes & Provisions	-55,262	-9,923	7,840	-9,895	-11,939	28,048	24,684	8,575	-9,775	1,515	36,510	-2,420	5,344	-1,074	12,456
Cash flow from operations	-236,082	-262,217	107,943	157,561	-50,605	230,620	293,941	149,957	175,540	76,518	295,674	57,080	-46,822	55,649	-3,062
Investing Activities
capital expenditure	252,428				-250	-114,868	-145,077	-75,295	-22,820	-29,432	-383,925	-3,220	-179,578	-3,508	-98,053
Change in Investments
cash flow from investments	252,428				-250	-114,868	-145,077	-75,295	-22,820	-29,432	-383,925	-3,220	-179,578	-3,508	-98,053
Financing Activities
Bank loans
Group/Directors Accounts						-44,421	-44,421	-11,694	56,115					-6,900	6,900
Other Short Term Loans											-31,494	-36,187	67,681
Long term loans														-4,513	4,513
Hire Purchase and Lease Commitments								-94,477	-115,876	-80,352	253,684	-115,289	152,310
other long term liabilities					-21,667	15,805	48,305	5,862			-78,268	78,268
share issue															116,226
interest	5,673	7,848	743	164	906	845	727	203	237	87	-1,741	-4,022	-2,298	-3,989	-1,051
cash flow from financing	5,673	7,848	743	164	-20,761	-27,771	4,611	-100,106	-59,524	-80,265	142,181	-77,230	217,693	-15,402	126,588
cash and cash equivalents
cash	22,018	-254,369	108,685	157,725	-71,616	87,981	153,475	-25,444	93,196	-33,178	28,849	1,529	-12,937	12,595	4,029
overdraft											-25,081	24,899	-4,230	-24,144	28,556
change in cash	22,018	-254,369	108,685	157,725	-71,616	87,981	153,475	-25,444	93,196	-33,178	53,930	-23,370	-8,707	36,739	-24,527

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for hardmetal engineering (cornwall) limited. Get real-time insights into hardmetal engineering (cornwall) limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for hardmetal engineering (cornwall) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TR16 area or any other competitors across 12 key performance metrics.

HARDMETAL ENGINEERING (CORNWALL) LIMITED group structure

Hardmetal Engineering (Cornwall) Limited has no subsidiary companies.

Ultimate parent company

PENTWIN GROUP LIMITED

07742244

TRELEIGH HOLDINGS LIMITED

08943718

2 parents

HARDMETAL ENGINEERING (CORNWALL) LIMITED

04902425

HARDMETAL ENGINEERING (CORNWALL) LIMITED Shareholders

treleigh holdings ltd

100%

Hardmetal Engineering (Cornwall) Limited currently has 2 directors. The longest serving directors include Mr Sean Rice (Jul 2024) and Mr Ian Webb (Jul 2024).

officer	country	age	start	end	role
Mr Sean Rice		76 years	Jul 2024	-	Director
Mr Ian Webb		75 years	Jul 2024	-	Director

P&L

December 2023

turnover

2.9m

+65%

operating profit

159k

gross margin

17.7%

+13.25%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.2m

+0.11%

total assets

1.2m

+0.01%

cash

119.1k

+0.23%

net assets

Total assets minus all liabilities

Similar Companies

bespoke metal engineering limited

bg engineering fabrications ltd

1.5

tek limited

1.5

westbury park engineering limited

technical tubes ltd

company number

04902425

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

September 2003

ultimate parent company

PENTWIN GROUP LIMITED

previous names

N/A

address

unit 3 jon davey drive, treleigh industrial estate, redruth, cornwall, TR16 4AX

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to hardmetal engineering (cornwall) limited. Currently there are 0 open charges and 3 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for HARDMETAL ENGINEERING (CORNWALL) LIMITED. This can take several minutes, an email will notify you when this has completed.

hardmetal engineering (cornwall) limited Company Information

hardmetal engineering (cornwall) limited Estimated Valuation

hardmetal engineering (cornwall) limited Estimated Valuation

hardmetal engineering (cornwall) limited Estimated Valuation

Hardmetal Engineering (cornwall) Limited Overview

Hardmetal Engineering (cornwall) Limited Health Check

HARDMETAL ENGINEERING (CORNWALL) LIMITED financials

hardmetal engineering (cornwall) limited Credit Report and Business Information

Hardmetal Engineering (cornwall) Limited Competitor Analysis

hardmetal engineering (cornwall) limited Ownership

hardmetal engineering (cornwall) limited directors

hardmetal engineering (cornwall) limited company details

hardmetal engineering (cornwall) limited Charges & Mortgages

hardmetal engineering (cornwall) limited Capital Raised & Share Issues BETA

hardmetal engineering (cornwall) limited Companies House Filings - See Documents