Industrial Temperature Sensors & Heating Elements Limited

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industrial temperature sensors & heating elements limited Company Information

Live

MatureSmallLow

Company Number

05248202

Website

http://ithltd.co.uk

Registered Address

unit 9, prince consort industrial estate, hebburn, tyne & wear, NE31 1EH

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01914832020

Next Accounts Due

July 2025

Group Structure

View All

Directors

Trevor Shiels20 Years

Christina Shiels19 Years

Shareholders

christina maria shiels 50%

trevor john shiels 50%

industrial temperature sensors & heating elements limited Estimated Valuation

£537.7k

Pomanda estimates the enterprise value of INDUSTRIAL TEMPERATURE SENSORS & HEATING ELEMENTS LIMITED at £537.7k based on a Turnover of £1m and 0.52x industry multiple (adjusted for size and gross margin).

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Industrial Temperature Sensors & Heating Elements Limited is a live company located in hebburn, NE31 1EH with a Companies House number of 05248202. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2004, it's largest shareholder is christina maria shiels with a 50% stake. Industrial Temperature Sensors & Heating Elements Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with low growth in recent years.

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Pomanda's financial health check has awarded Industrial Temperature Sensors & Heating Elements Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.7%)

EXPORT

Industrial Temperature Sensors & Heating Elements Limited's latest turnover from October 2023 is estimated at £1 million and the company has net assets of £182 thousand. According to their latest financial statements, Industrial Temperature Sensors & Heating Elements Limited has 15 employees and maintains cash reserves of £119 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,032,093	920,047	936,526	1,028,837	1,009,646	1,025,970	882,705	1,120,547	693,055	725,596	685,199	542,738	599,822	520,459	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	728,421	642,373	666,051	720,818	709,660	721,999	609,843	770,224	470,140	505,960	475,853	379,532	417,181	355,891	0
Gross Profit	303,673	277,674	270,475	308,018	299,986	303,970	272,862	350,323	222,915	219,635	209,346	163,205	182,640	164,568	0
Admin Expenses	307,918	315,381	198,276	249,801	319,051	309,793	285,283	291,480	223,871	197,745	194,893	188,014	124,392	150,534	-74,554
Operating Profit	-4,245	-37,707	72,199	58,217	-19,065	-5,823	-12,421	58,843	-956	21,890	14,453	-24,809	58,248	14,034	74,554
Interest Payable	3,565	3,471	2,953	1,648	164	27	0	0	0	0	0	0	0	72	72
Interest Receivable	5,684	2,768	146	77	1	105	92	166	367	161	60	248	275	77	2
Pre-Tax Profit	-2,126	-38,410	69,393	56,646	-19,228	-5,745	-12,329	59,009	-589	22,051	14,513	-24,561	58,523	14,039	74,483
Tax	0	0	-13,185	-10,763	0	0	0	-11,802	0	-4,631	-3,338	0	-15,216	-3,931	-20,855
Profit After Tax	-2,126	-38,410	56,208	45,883	-19,228	-5,745	-12,329	47,207	-589	17,420	11,175	-24,561	43,307	10,108	53,628
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,126	-38,410	56,208	45,883	-19,228	-5,745	-12,329	47,207	-589	17,420	11,175	-24,561	43,307	10,108	53,628
Employee Costs	591,733	578,994	598,202	639,679	663,777	609,055	528,565	525,474	190,435	218,636	188,052	153,130	178,345	173,413	0
Number Of Employees	15	16	17	18	19	18	16	16	6	7	6	5	6	6	0
EBITDA*	10,692	-22,606	88,045	76,095	1,373	18,711	-618	71,729	6,095	29,663	26,576	-9,392	70,768	24,564	88,314

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	74,585	82,223	90,233	100,445	105,368	111,026	35,410	38,660	21,151	23,320	36,369	46,254	37,556	31,593	41,280
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	74,585	82,223	90,233	100,445	105,368	111,026	35,410	38,660	21,151	23,320	36,369	46,254	37,556	31,593	41,280
Stock & work in progress	11,212	10,429	10,628	10,325	10,124	10,527	10,684	10,186	10,548	10,764	11,268	12,896	13,359	12,855	21,000
Trade Debtors	177,947	166,985	185,145	177,330	173,817	192,427	193,437	269,644	163,650	186,243	179,998	136,541	151,060	124,091	107,980
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,298	4,467	510	342	4,804	1,909	14,061	1,000	0	0	0	0	0	0	0
Cash	118,973	108,381	137,638	154,228	87	87	27,983	45,759	87,004	59,810	4,628	19,437	79,571	30,305	651
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	311,430	290,262	333,921	342,225	188,832	204,950	246,165	326,589	261,202	256,817	195,894	168,874	243,990	167,251	129,631
total assets	386,015	372,485	424,154	442,670	294,200	315,976	281,575	365,249	282,353	280,137	232,263	215,128	281,546	198,844	170,911
Bank overdraft	10,648	10,648	10,648	4,437	4,036	809	0	0	0	0	0	0	0	0	2,227
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	77,836	64,974	66,823	91,327	64,736	101,234	56,589	103,923	167,535	164,296	126,458	114,318	150,860	132,696	111,586
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	5,269	5,951	5,544	0	0
other current liabilities	93,735	81,466	82,892	128,593	96,534	62,737	72,792	95,799	0	0	0	0	0	0	0
total current liabilities	182,219	157,088	160,363	224,357	165,306	164,780	129,381	199,722	167,535	164,296	131,727	120,269	156,404	132,696	113,813
loans	16,838	26,687	36,165	45,563	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	5,269	11,220	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	4,910	4,536	5,042	6,374	8,401	11,475	6,728	7,732	4,230	4,664	6,779	7,008	6,779	2,312	3,370
total long term liabilities	21,748	31,223	41,207	51,937	8,401	11,475	6,728	7,732	4,230	4,664	6,779	12,277	17,999	2,312	3,370
total liabilities	203,967	188,311	201,570	276,294	173,707	176,255	136,109	207,454	171,765	168,960	138,506	132,546	174,403	135,008	117,183
net assets	182,048	184,174	222,584	166,376	120,493	139,721	145,466	157,795	110,588	111,177	93,757	82,582	107,143	63,836	53,728
total shareholders funds	182,048	184,174	222,584	166,376	120,493	139,721	145,466	157,795	110,588	111,177	93,757	82,582	107,143	63,836	53,728

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-4,245	-37,707	72,199	58,217	-19,065	-5,823	-12,421	58,843	-956	21,890	14,453	-24,809	58,248	14,034	74,554
Depreciation	14,937	15,101	15,846	17,878	20,438	24,534	11,803	12,886	7,051	7,773	12,123	15,417	12,520	10,530	13,760
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-13,185	-10,763	0	0	0	-11,802	0	-4,631	-3,338	0	-15,216	-3,931	-20,855
Stock	783	-199	303	201	-403	-157	498	-362	-216	-504	-1,628	-463	504	-8,145	21,000
Debtors	9,793	-14,203	7,983	-949	-15,715	-13,162	-63,146	106,994	-22,593	6,245	43,457	-14,519	26,969	16,111	107,980
Creditors	12,862	-1,849	-24,504	26,591	-36,498	44,645	-47,334	-63,612	3,239	37,838	12,140	-36,542	18,164	21,110	111,586
Accruals and Deferred Income	12,269	-1,426	-45,701	32,059	33,797	-10,055	-23,007	95,799	0	0	0	0	0	0	0
Deferred Taxes & Provisions	374	-506	-1,332	-2,027	-3,074	4,747	-1,004	3,502	-434	-2,115	-229	229	4,467	-1,058	3,370
Cash flow from operations	25,621	-11,985	-4,963	122,703	11,716	71,367	-9,315	-11,016	31,709	55,014	-6,680	-30,723	50,710	32,719	53,435
Investing Activities
capital expenditure	-7,299	-7,091	-5,634	-12,955	-14,780	-100,150	-8,553	-30,395	-4,882	5,276	-2,238	-24,115	-18,483	-843	-55,040
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,299	-7,091	-5,634	-12,955	-14,780	-100,150	-8,553	-30,395	-4,882	5,276	-2,238	-24,115	-18,483	-843	-55,040
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,849	-9,478	-9,398	45,563	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-5,269	-5,951	-5,544	16,764	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	2,119	-703	-2,807	-1,571	-163	78	92	166	367	161	60	248	275	5	-70
cash flow from financing	-7,730	-10,181	-12,205	43,992	-163	78	92	166	367	-5,108	-5,891	-5,296	17,039	5	30
cash and cash equivalents
cash	10,592	-29,257	-16,590	154,141	0	-27,896	-17,776	-41,245	27,194	55,182	-14,809	-60,134	49,266	29,654	651
overdraft	0	0	6,211	401	3,227	809	0	0	0	0	0	0	0	-2,227	2,227
change in cash	10,592	-29,257	-22,801	153,740	-3,227	-28,705	-17,776	-41,245	27,194	55,182	-14,809	-60,134	49,266	31,881	-1,576

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INDUSTRIAL TEMPERATURE SENSORS & HEATING ELEMENTS LIMITED group structure

Industrial Temperature Sensors & Heating Elements Limited has no subsidiary companies.

Ultimate parent company

INDUSTRIAL TEMPERATURE SENSORS & HEATING ELEMENTS LIMITED

05248202

INDUSTRIAL TEMPERATURE SENSORS & HEATING ELEMENTS LIMITED Shareholders

christina maria shiels	50%
trevor john shiels	50%

Industrial Temperature Sensors & Heating Elements Limited currently has 2 directors. The longest serving directors include Mr Trevor Shiels (Oct 2004) and Ms Christina Shiels (Jun 2005).

officer	country	age	start	end	role
Mr Trevor Shiels		64 years	Oct 2004	-	Director
Ms Christina Shiels		64 years	Jun 2005	-	Director

P&L

October 2023

turnover

+12%

operating profit

-4.2k

gross margin

29.5%

-2.51%

turnover

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

Balance Sheet

October 2023

net assets

182k

-0.01%

total assets

386k

+0.04%

cash

119k

+0.1%

net assets

Total assets minus all liabilities

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company number

05248202

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

October 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

October 2023

address

unit 9, prince consort industrial estate, hebburn, tyne & wear, NE31 1EH

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 did not find charges/mortgages relating to industrial temperature sensors & heating elements limited.

industrial temperature sensors & heating elements limited Company Information

industrial temperature sensors & heating elements limited Estimated Valuation

industrial temperature sensors & heating elements limited Estimated Valuation

industrial temperature sensors & heating elements limited Estimated Valuation

Industrial Temperature Sensors & Heating Elements Limited Overview

Industrial Temperature Sensors & Heating Elements Limited Health Check

INDUSTRIAL TEMPERATURE SENSORS & HEATING ELEMENTS LIMITED financials

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industrial temperature sensors & heating elements limited Ownership

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