Detectamet Ltd

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detectamet ltd Company Information

Live

MatureMidHigh

Company Number

05103699

Website

www.detectamet.co.uk

Registered Address

prospect house, unit 1 halifax way, pocklington, yorkshire, YO42 1NR

Industry

Wholesale of other intermediate products

Telephone

01759304200

Next Accounts Due

December 2024

Group Structure

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Directors

Sean Smith6 Years

Helen Morrison6 Years

Shareholders

sean ronald smith 100%

detectamet ltd Estimated Valuation

£12m

Pomanda estimates the enterprise value of DETECTAMET LTD at £12m based on an EBITDA of £1.8m and a 6.6x industry multiple (adjusted for size and gross margin).

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Detectamet Ltd is a live company located in pocklington, YO42 1NR with a Companies House number of 05103699. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in April 2004, it's largest shareholder is sean ronald smith with a 100% stake. Detectamet Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £11.9m with high growth in recent years.

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Pomanda's financial health check has awarded Detectamet Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

1 Regular

3 Weak

Size

annual sales of £11.9m, make it smaller than the average company (£15.5m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (5.6%)

EXPORT

Detectamet Ltd's latest turnover from March 2023 is £11.9 million and the company has net assets of £5.1 million. According to their latest financial statements, Detectamet Ltd has 97 employees and maintains cash reserves of £773.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	11,854,555	11,007,110	5,994,008	7,054,060	3,124,031	3,649,745	2,415,624	2,254,651	1,819,358	2,668,057	1,892,175	2,153,393	1,449,684
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,583,108	5,195,630	4,420,570	5,348,923	2,375,881	2,799,971	1,818,076	1,712,033	1,362,441	1,999,880	1,415,238	1,586,929	1,088,528
Gross Profit	6,271,447	5,811,480	1,573,438	1,705,137	748,150	849,774	597,548	542,618	456,917	668,176	476,937	566,465	361,156
Admin Expenses	4,625,357	4,423,369	101,915	-547,639	560,302	607,292	584,728	580,594	313,130	552,810	422,189	444,548	-21,302
Operating Profit	1,646,090	1,388,111	1,471,523	2,252,776	187,848	242,482	12,820	-37,976	143,787	115,366	54,748	121,917	382,458
Interest Payable	31,344	8,217	3,563	1,454	14,804	15,457	8,022	0	0	0	0	0	0
Interest Receivable	276	1	675	492	1,273	426	948	1,203	1,298	1,117	987	518	104
Pre-Tax Profit	1,616,022	1,379,895	1,468,635	2,251,815	174,317	227,451	5,745	-36,773	145,084	116,483	55,735	122,435	382,563
Tax	-337,744	-315,438	-279,041	-427,845	-33,120	-45,490	-1,149	0	-33,369	-27,956	-14,491	-34,282	-107,117
Profit After Tax	1,278,278	1,064,457	1,189,594	1,823,970	141,197	181,961	4,596	-36,773	111,715	88,527	41,244	88,153	275,445
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,278,278	1,064,457	1,189,594	1,823,970	141,197	181,961	4,596	-36,773	111,715	88,527	41,244	88,153	275,445
Employee Costs	3,903,967	3,136,271	1,669,731	1,088,219	357,414	443,054	301,752	261,653	215,453	310,015	208,956	276,023	199,467
Number Of Employees	97	106	40	26	9	12	8	7	6	9	6	8	6
EBITDA*	1,818,958	1,503,665	1,510,172	2,252,776	201,849	265,812	35,616	-13,605	174,084	142,525	71,843	144,801	387,682

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	655,905	661,512	458,146	45,726	53,453	67,454	86,396	93,572	108,421	119,590	141,949	74,891	71,409
Intangible Assets	716	1,026	0	0	0	0	0	0	1,912	3,812	5,712	7,612	11,412
Investments & Other	0	0	93,884	72,653	151,250	201,250	251,250	251,250	251,250	251,250	251,250	251,250	251,250
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	656,621	662,538	552,030	118,379	204,703	268,704	337,646	344,822	361,583	374,652	398,911	333,753	334,071
Stock & work in progress	4,312,843	3,181,700	688,351	355,338	274,998	222,082	0	50,444	51,226	49,885	49,885	85,255	40,050
Trade Debtors	1,246,068	1,413,556	648,211	1,355,066	792,375	994,783	290,444	514,817	392,441	575,000	463,209	435,948	308,418
Group Debtors	0	0	1,195,220	479,900	0	0	511,183	0	0	0	0	0	0
Misc Debtors	327,279	803,295	658,725	4,402	0	9,066	153,009	0	0	0	0	0	0
Cash	773,245	273,500	365,272	984,761	368,168	141,141	199,347	179,705	301,371	217,743	229,145	165,532	41,726
misc current assets	0	0	0	0	0	0	10,371	0	0	0	0	0	0
total current assets	6,659,435	5,672,051	3,555,779	3,179,467	1,435,541	1,367,072	1,164,354	744,966	745,038	842,628	742,239	686,735	390,194
total assets	7,316,056	6,334,589	4,107,809	3,297,846	1,640,244	1,635,776	1,502,000	1,089,788	1,106,621	1,217,280	1,141,150	1,020,488	724,265
Bank overdraft	367,975	25,687	69,167	47,661	207,736	245,020	230,872	0	0	0	0	0	0
Bank loan	0	238,831	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	644,163	859,591	529,860	991,334	391,808	456,461	553,632	487,738	454,637	663,613	662,079	584,655	367,802
Group/Directors Accounts	0	0	0	0	11,020	54,040	83,263	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	20,764	5,681	0	0	0	2,916	9,639	0	0	0	0	0	0
other current liabilities	884,854	1,004,885	414,660	434,781	133,515	119,613	32,707	0	0	0	0	0	0
total current liabilities	1,917,756	2,134,675	1,013,687	1,473,776	744,079	878,050	910,113	487,738	454,637	663,613	662,079	584,655	367,802
loans	212,905	213,446	0	0	0	2,758	15,964	0	0	0	0	0	0
hp & lease commitments	23,823	14,201	0	0	0	0	2,916	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	33,639	46,800	0	0	0	80,918
provisions	105,896	107,200	80,458	0	0	0	0	0	0	60,198	74,129	72,135	0
total long term liabilities	342,624	334,847	80,458	0	0	2,758	18,880	33,639	46,800	60,198	74,129	72,135	80,918
total liabilities	2,260,380	2,469,522	1,094,145	1,473,776	744,079	880,808	928,993	521,377	501,437	723,811	736,208	656,790	448,720
net assets	5,055,676	3,865,067	3,013,664	1,824,070	896,165	754,968	573,007	568,411	605,184	493,469	404,942	363,698	275,545
total shareholders funds	5,055,676	3,865,067	3,013,664	1,824,070	896,165	754,968	573,007	568,411	605,184	493,469	404,942	363,698	275,545

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,646,090	1,388,111	1,471,523	2,252,776	187,848	242,482	12,820	-37,976	143,787	115,366	54,748	121,917	382,458
Depreciation	172,608	115,280	38,649	0	14,001	23,330	22,796	22,459	28,397	25,259	15,195	19,084	5,224
Amortisation	260	274	0	0	0	0	0	1,912	1,900	1,900	1,900	3,800	0
Tax	-337,744	-315,438	-279,041	-427,845	-33,120	-45,490	-1,149	0	-33,369	-27,956	-14,491	-34,282	-107,117
Stock	1,131,143	2,493,349	333,013	355,338	52,916	222,082	-50,444	-782	1,341	0	-35,370	45,205	40,050
Debtors	-643,504	-285,305	662,788	1,839,368	-211,474	49,213	439,819	122,376	-182,559	111,791	27,261	127,530	308,418
Creditors	-215,428	329,731	-461,474	991,334	-64,653	-97,171	65,894	33,101	-208,976	1,534	77,424	216,853	367,802
Accruals and Deferred Income	-120,031	590,225	-20,121	434,781	13,902	86,906	32,707	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,304	26,742	80,458	0	0	0	0	0	-60,198	-13,931	1,994	72,135	0
Cash flow from operations	656,812	-73,119	-165,807	1,056,340	276,536	-61,238	-256,307	-102,098	52,759	-9,619	144,879	226,772	299,899
Investing Activities
capital expenditure	0	0	-451,069	-45,726	0	-4,388	-15,620	-7,610	-17,228	-2,900	-82,253	-22,566	-88,045
Change in Investments	0	-93,884	21,231	72,653	-50,000	-50,000	0	0	0	0	0	0	251,250
cash flow from investments	0	93,884	-472,300	-118,379	50,000	45,612	-15,620	-7,610	-17,228	-2,900	-82,253	-22,566	-339,295
Financing Activities
Bank loans	-238,831	238,831	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-43,020	-29,223	83,263	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-541	213,446	0	0	-2,758	-13,206	15,964	0	0	0	0	0	0
Hire Purchase and Lease Commitments	24,705	19,882	0	0	-2,916	-9,639	12,555	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-33,639	-13,161	46,800	0	0	-80,918	80,918
share issue	-87,669	-213,054	0	100	0	0	0	0	0	0	0	0	100
interest	-31,068	-8,216	-2,888	-962	-13,531	-15,031	-7,074	1,203	1,298	1,117	987	518	104
cash flow from financing	-333,404	250,889	-2,888	-862	-62,225	-67,099	71,069	-11,958	48,098	1,117	987	-80,400	81,122
cash and cash equivalents
cash	499,745	-91,772	-619,489	984,761	227,027	-58,206	19,642	-121,666	83,628	-11,402	63,613	123,806	41,726
overdraft	342,288	-43,480	21,506	47,661	-37,284	14,148	230,872	0	0	0	0	0	0
change in cash	157,457	-48,292	-640,995	937,100	264,311	-72,354	-211,230	-121,666	83,628	-11,402	63,613	123,806	41,726

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for detectamet ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in YO42 area or any other competitors across 12 key performance metrics.

DETECTAMET LTD group structure

Detectamet Ltd has 1 subsidiary company.

Ultimate parent company

DETECTAMET LTD

05103699

1 subsidiary

C K SAFETY LIMITED

02695376

DETECTAMET LTD Shareholders

sean ronald smith

100%

Detectamet Ltd currently has 2 directors. The longest serving directors include Mr Sean Smith (May 2018) and Mrs Helen Morrison (Jul 2018).

officer	country	age	start	end	role
Mr Sean Smith	England	62 years	May 2018	-	Director
Mrs Helen Morrison	England	46 years	Jul 2018	-	Director

P&L

March 2023

turnover

11.9m

+8%

operating profit

1.6m

+19%

gross margin

53%

+0.2%

turnover

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

Balance Sheet

March 2023

net assets

5.1m

+0.31%

total assets

7.3m

+0.15%

cash

773.2k

+1.83%

net assets

Total assets minus all liabilities

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company number

05103699

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

April 2004

accounts

Group

ultimate parent company

None

previous names

e-components & chains limited (April 2010)

last accounts submitted

March 2023

address

prospect house, unit 1 halifax way, pocklington, yorkshire, YO42 1NR

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 8 charges/mortgages relating to detectamet ltd. Currently there are 3 open charges and 5 have been satisfied in the past.

detectamet ltd Company Information

detectamet ltd Estimated Valuation

detectamet ltd Estimated Valuation

detectamet ltd Estimated Valuation

Detectamet Ltd Overview

Detectamet Ltd Health Check

DETECTAMET LTD financials

detectamet ltd Credit Report and Business Information

Detectamet Ltd Competitor Analysis

detectamet ltd Ownership

detectamet ltd directors

detectamet ltd company details

detectamet ltd Charges & Mortgages

detectamet ltd Companies House Filings - See Documents