Welding & Refurbs Limited

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welding & refurbs limited Company Information

Live (In Liquidation)

EstablishedMicroLow

Company Number

05959494

Website

www.weldingandrefurbsltd.co.uk

Registered Address

8a kingsway house king street, bedworth, warwickshire, CV12 8HY

Industry

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

Telephone

Next Accounts Due

1446 days late

Group Structure

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Directors

Denise Welby15 Years

Shareholders

denise jayne welby 50%

michael andrew welby 50%

welding & refurbs limited Estimated Valuation

£232.3k

Pomanda estimates the enterprise value of WELDING & REFURBS LIMITED at £232.3k based on a Turnover of £446.9k and 0.52x industry multiple (adjusted for size and gross margin).

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Welding & Refurbs Limited is a live company located in warwickshire, CV12 8HY with a Companies House number of 05959494. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2006, it's largest shareholder is denise jayne welby with a 50% stake. Welding & Refurbs Limited is a established, micro sized company, Pomanda has estimated its turnover at £446.9k with low growth in recent years.

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Pomanda's financial health check has awarded Welding & Refurbs Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £446.9k, make it smaller than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.3%)

EXPORT

Welding & Refurbs Limited's latest turnover from October 2018 is estimated at £446.9 thousand and the company has net assets of £27.9 thousand. According to their latest financial statements, Welding & Refurbs Limited has 9 employees and maintains cash reserves of £8.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	446,851	468,320	240,874	425,210	317,501	263,698	385,108	418,107	394,367	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	314,460	323,553	165,568	288,445	221,394	183,132	269,303	290,797	269,669	0
Gross Profit	132,391	144,767	75,306	136,765	96,107	80,567	115,805	127,310	124,698	0
Admin Expenses	147,578	163,573	114,679	61,354	55,757	75,419	133,802	132,448	106,864	-31,550
Operating Profit	-15,187	-18,806	-39,373	75,411	40,350	5,148	-17,997	-5,138	17,834	31,550
Interest Payable	3,592	3,452	1,619	0	0	0	0	0	0	0
Interest Receivable	47	63	119	317	363	249	119	106	104	37
Pre-Tax Profit	-18,731	-22,195	-40,873	75,728	40,713	5,397	-17,878	-5,032	17,938	31,586
Tax	0	0	0	-15,145	-8,550	-1,241	0	0	-5,022	-8,844
Profit After Tax	-18,731	-22,195	-40,873	60,582	32,163	4,156	-17,878	-5,032	12,915	22,742
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-18,731	-22,195	-40,873	60,582	32,163	4,156	-17,878	-5,032	12,915	22,742
Employee Costs	304,528	330,353	98,526	126,957	93,701	94,026	122,504	118,896	115,609	0
Number Of Employees	9	10	3	4	3	3	4	4	4	0
EBITDA*	8,725	2,808	-16,032	98,655	57,123	22,341	-870	10,184	29,014	38,548

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	155,354	165,771	181,782	148,720	114,841	86,997	49,865	40,157	28,979	17,672
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	155,354	165,771	181,782	148,720	114,841	86,997	49,865	40,157	28,979	17,672
Stock & work in progress	33,954	32,880	28,245	23,019	20,602	17,142	35,614	37,363	19,757	12,700
Trade Debtors	42,006	43,081	39,668	62,053	18,107	8,234	52,144	66,687	59,787	63,452
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	14,133	6,002	0	0	0	0	29,917	55,838	46,328
Cash	8,770	3,822	46,219	49,265	77,410	67,620	32,157	15,404	26,892	14,617
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	86,165	93,916	120,134	134,337	116,119	92,996	119,915	149,371	162,274	137,097
total assets	241,519	259,687	301,916	283,057	230,960	179,993	169,780	189,528	191,253	154,769
Bank overdraft	38,051	33,283	13,230	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	67,903	81,002	69,364	161,476	174,582	151,210	138,919	153,411	155,594	132,025
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	9,725	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	6,392	5,653	0	0	0	0	0	0	0
other current liabilities	0	43,273	81,134	0	0	0	0	0	0	0
total current liabilities	179,017	163,950	169,381	161,476	174,582	151,210	138,919	153,411	155,594	132,025
loans	0	25,358	38,588	0	0	0	0	0	0	0
hp & lease commitments	0	11,033	10,964	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	4,185	8,067	13,464	5,490	0	0
provisions	0	12,764	14,206	11,931	3,125	3,811	4,648	0	0	0
total long term liabilities	34,651	49,155	63,758	11,931	7,310	11,878	18,112	5,490	0	0
total liabilities	213,668	213,105	233,139	173,407	181,892	163,088	157,031	158,901	155,594	132,025
net assets	27,851	46,582	68,777	109,650	49,068	16,905	12,749	30,627	35,659	22,744
total shareholders funds	27,851	46,582	68,777	109,650	49,068	16,905	12,749	30,627	35,659	22,744

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-15,187	-18,806	-39,373	75,411	40,350	5,148	-17,997	-5,138	17,834	31,550
Depreciation	23,912	21,614	23,341	23,244	16,773	17,193	17,127	15,322	11,180	6,998
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-15,145	-8,550	-1,241	0	0	-5,022	-8,844
Stock	1,074	4,635	5,226	2,417	3,460	-18,472	-1,749	17,606	7,057	12,700
Debtors	-15,208	11,544	-16,383	43,946	9,873	-43,910	-44,460	-19,021	5,845	109,780
Creditors	-13,099	11,638	-92,112	-13,106	23,372	12,291	-14,492	-2,183	23,569	132,025
Accruals and Deferred Income	-43,273	-37,861	81,134	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-12,764	-1,442	2,275	8,806	-686	-837	4,648	0	0	0
Cash flow from operations	-46,277	-41,036	-13,578	32,847	57,926	94,936	35,495	9,416	34,659	39,249
Investing Activities
capital expenditure	-13,495	-5,603	-56,403	-57,123	-44,617	-54,325	-26,835	-26,500	-22,487	-24,670
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-13,495	-5,603	-56,403	-57,123	-44,617	-54,325	-26,835	-26,500	-22,487	-24,670
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	9,725	0	0	0	0	0	0	0	0	0
Long term loans	-25,358	-13,230	38,588	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-17,425	808	16,617	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-4,185	-3,882	-5,397	7,974	5,490	0	0
share issue	0	0	0	0	0	0	0	0	0	2
interest	-3,545	-3,389	-1,500	317	363	249	119	106	104	37
cash flow from financing	-36,603	-15,811	53,705	-3,868	-3,519	-5,148	8,093	5,596	104	39
cash and cash equivalents
cash	4,948	-42,397	-3,046	-28,145	9,790	35,463	16,753	-11,488	12,275	14,617
overdraft	4,768	20,053	13,230	0	0	0	0	0	0	0
change in cash	180	-62,450	-16,276	-28,145	9,790	35,463	16,753	-11,488	12,275	14,617

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WELDING & REFURBS LIMITED group structure

Welding & Refurbs Limited has no subsidiary companies.

Ultimate parent company

WELDING & REFURBS LIMITED

05959494

WELDING & REFURBS LIMITED Shareholders

denise jayne welby	50%
michael andrew welby	50%

Welding & Refurbs Limited currently has 1 director, Mrs Denise Welby serving since Feb 2009.

officer	country	age	start	end	role
Mrs Denise Welby	England	60 years	Feb 2009	-	Director

P&L

October 2018

turnover

446.9k

-5%

operating profit

-15.2k

gross margin

29.7%

-4.15%

turnover

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

Balance Sheet

October 2018

net assets

27.9k

-0.4%

total assets

241.5k

-0.07%

cash

8.8k

+1.29%

net assets

Total assets minus all liabilities

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company number

05959494

Type

Private limited with Share Capital

industry

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

incorporation date

October 2006

ultimate parent company

None

previous names

dmw (midlands) limited (December 2007)

address

8a kingsway house king street, bedworth, warwickshire, CV12 8HY

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 1 charges/mortgages relating to welding & refurbs limited. Currently there are 1 open charges and 0 have been satisfied in the past.

welding & refurbs limited Company Information

welding & refurbs limited Estimated Valuation

welding & refurbs limited Estimated Valuation

welding & refurbs limited Estimated Valuation

Welding & Refurbs Limited Overview

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WELDING & REFURBS LIMITED financials

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