on site welding solutions ltd
on site welding solutions ltd Company Information
Group Structure
View All
Industry
Manufacture of metal structures and parts of structures
Registered Address
pinewoods bodenham road, hereford, herefordshire, HR1 2TP
on site welding solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ON SITE WELDING SOLUTIONS LTD at £114.2k based on a Turnover of £276.5k and 0.41x industry multiple (adjusted for size and gross margin).
on site welding solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ON SITE WELDING SOLUTIONS LTD at £124.1k based on an EBITDA of £39.1k and a 3.17x industry multiple (adjusted for size and gross margin).
on site welding solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of ON SITE WELDING SOLUTIONS LTD at £104.7k based on Net Assets of £51.9k and 2.02x industry multiple (adjusted for liquidity).
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On Site Welding Solutions Ltd Overview
On Site Welding Solutions Ltd is a live company located in herefordshire, HR1 2TP with a Companies House number of 05263631. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in October 2004, it's largest shareholder is andrew paul skinner with a 100% stake. On Site Welding Solutions Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £276.5k with healthy growth in recent years.
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On Site Welding Solutions Ltd Health Check
Pomanda's financial health check has awarded On Site Welding Solutions Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £276.5k, make it smaller than the average company (£14.1m)
- On Site Welding Solutions Ltd
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (11.7%)
- On Site Welding Solutions Ltd
11.7% - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (25.4%)
- On Site Welding Solutions Ltd
25.4% - Industry AVG
Profitability
an operating margin of 14.2% make it more profitable than the average company (6.7%)
- On Site Welding Solutions Ltd
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (79)
1 - On Site Welding Solutions Ltd
79 - Industry AVG
Pay Structure
on an average salary of £43k, the company has an equivalent pay structure (£43k)
- On Site Welding Solutions Ltd
£43k - Industry AVG
Efficiency
resulting in sales per employee of £276.5k, this is more efficient (£180.4k)
- On Site Welding Solutions Ltd
£180.4k - Industry AVG
Debtor Days
it gets paid by customers after 132 days, this is later than average (59 days)
- On Site Welding Solutions Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (50 days)
- On Site Welding Solutions Ltd
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- On Site Welding Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - On Site Welding Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.2%, this is a lower level of debt than the average (54.2%)
48.2% - On Site Welding Solutions Ltd
54.2% - Industry AVG
ON SITE WELDING SOLUTIONS LTD financials
On Site Welding Solutions Ltd's latest turnover from December 2023 is estimated at £276.5 thousand and the company has net assets of £51.9 thousand. According to their latest financial statements, On Site Welding Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 812 | 1,960 | 495 | 976 | 32 | 95 | 158 | 661 | 1,148 | 2,577 | 7,116 | 16,315 | 19,367 | ||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 812 | 1,960 | 495 | 976 | 32 | 95 | 158 | 661 | 1,148 | 2,577 | 7,116 | 16,315 | 19,367 | ||
| Stock & work in progress | 200 | 500 | 500 | ||||||||||||
| Trade Debtors | 100,211 | 79,249 | 38,703 | 86,312 | 122,379 | 80,646 | 93,279 | 105,148 | 83,727 | 23,668 | 68 | 2,238 | 5,981 | 34,470 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | 8,581 | 1,470 | |||||||||||||
| Cash | 168 | 114 | 39 | 39 | |||||||||||
| misc current assets | |||||||||||||||
| total current assets | 100,211 | 79,249 | 38,703 | 86,312 | 122,379 | 89,227 | 93,279 | 105,148 | 83,727 | 23,668 | 68 | 168 | 4,022 | 6,520 | 35,009 |
| total assets | 100,211 | 79,249 | 39,515 | 88,272 | 122,874 | 90,203 | 93,311 | 105,243 | 83,885 | 24,329 | 1,216 | 2,745 | 11,138 | 22,835 | 54,376 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 48,272 | 36,653 | 9,102 | 16,972 | 32,844 | 13,128 | 13,845 | 22,147 | 25,971 | 15,607 | 2,171 | 1,546 | 6,173 | 15,788 | 44,085 |
| Group/Directors Accounts | 746 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 48,272 | 36,653 | 9,102 | 16,972 | 32,844 | 13,128 | 13,845 | 22,147 | 25,971 | 15,607 | 2,171 | 1,546 | 6,173 | 16,534 | 44,085 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 20,000 | 30,000 | 32,000 | 3,321 | |||||||||||
| provisions | 32 | 132 | 230 | 515 | 1,423 | 2,508 | 2,919 | ||||||||
| total long term liabilities | 20,000 | 30,000 | 32,000 | 32 | 132 | 230 | 515 | 1,423 | 2,508 | 6,240 | |||||
| total liabilities | 48,272 | 56,653 | 39,102 | 48,972 | 32,844 | 13,128 | 13,845 | 22,147 | 26,003 | 15,739 | 2,401 | 2,061 | 7,596 | 19,042 | 50,325 |
| net assets | 51,939 | 22,596 | 413 | 39,300 | 90,030 | 77,075 | 79,466 | 83,096 | 57,882 | 8,590 | -1,185 | 684 | 3,542 | 3,793 | 4,051 |
| total shareholders funds | 51,939 | 22,596 | 413 | 39,300 | 90,030 | 77,075 | 79,466 | 83,096 | 57,882 | 8,590 | -1,185 | 684 | 3,542 | 3,793 | 4,051 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 805 | 1,873 | 3,736 | 6,962 | |||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -200 | -300 | 500 | ||||||||||||
| Debtors | 20,962 | 40,546 | -47,609 | -36,067 | 33,152 | -4,052 | -11,869 | 21,421 | 60,059 | 23,600 | 68 | -3,708 | -2,273 | -28,489 | 34,470 |
| Creditors | 11,619 | 27,551 | -7,870 | -15,872 | 19,716 | -717 | -8,302 | -3,824 | 10,364 | 13,436 | 625 | -4,627 | -9,615 | -28,297 | 44,085 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | -32 | -100 | -98 | -285 | -908 | -1,085 | -411 | 2,919 | |||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -746 | 746 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -20,000 | -10,000 | -2,000 | 32,000 | -3,321 | 3,321 | |||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -168 | 54 | 75 | 39 | |||||||||||
| overdraft | |||||||||||||||
| change in cash | -168 | 54 | 75 | 39 |
on site welding solutions ltd Credit Report and Business Information
On Site Welding Solutions Ltd Competitor Analysis
Perform a competitor analysis for on site welding solutions ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in HR1 area or any other competitors across 12 key performance metrics.
on site welding solutions ltd Ownership
ON SITE WELDING SOLUTIONS LTD group structure
On Site Welding Solutions Ltd has no subsidiary companies.
Ultimate parent company
ON SITE WELDING SOLUTIONS LTD
05263631
on site welding solutions ltd directors
On Site Welding Solutions Ltd currently has 1 director, Mr Andrew Skinner serving since Oct 2004.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Skinner | England | 57 years | Oct 2004 | - | Director |
P&L
December 2023turnover
276.5k
+34%
operating profit
39.1k
0%
gross margin
17.7%
+13.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
51.9k
+1.3%
total assets
100.2k
+0.26%
cash
0
0%
net assets
Total assets minus all liabilities
on site welding solutions ltd company details
company number
05263631
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
October 2004
age
21
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
pinewoods bodenham road, hereford, herefordshire, HR1 2TP
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
on site welding solutions ltd Charges & Mortgages
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 on site welding solutions ltd.
on site welding solutions ltd Capital Raised & Share Issues BETA
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.
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on site welding solutions ltd Companies House Filings - See Documents
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