avon engineered rubber limited
avon engineered rubber limited Company Information
Company Number
06290354
Website
www.avon-group.co.ukRegistered Address
the avon building units 137-145, south liberty lane, bristol, avon, BS3 2TL
Industry
Manufacture of other rubber products
Telephone
01443735000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
avon group manufacturing (holdings) ltd 100%
avon engineered rubber limited Estimated Valuation
Pomanda estimates the enterprise value of AVON ENGINEERED RUBBER LIMITED at £5.5m based on a Turnover of £11.3m and 0.49x industry multiple (adjusted for size and gross margin).
avon engineered rubber limited Estimated Valuation
Pomanda estimates the enterprise value of AVON ENGINEERED RUBBER LIMITED at £1.9m based on an EBITDA of £488k and a 3.81x industry multiple (adjusted for size and gross margin).
avon engineered rubber limited Estimated Valuation
Pomanda estimates the enterprise value of AVON ENGINEERED RUBBER LIMITED at £10.5m based on Net Assets of £6.3m and 1.66x industry multiple (adjusted for liquidity).
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Avon Engineered Rubber Limited Overview
Avon Engineered Rubber Limited is a live company located in bristol, BS3 2TL with a Companies House number of 06290354. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in June 2007, it's largest shareholder is avon group manufacturing (holdings) ltd with a 100% stake. Avon Engineered Rubber Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.3m with declining growth in recent years.
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Avon Engineered Rubber Limited Health Check
Pomanda's financial health check has awarded Avon Engineered Rubber Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £11.3m, make it smaller than the average company (£14.4m)
£11.3m - Avon Engineered Rubber Limited
£14.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3%)
-1% - Avon Engineered Rubber Limited
3% - Industry AVG
Production
with a gross margin of 36.4%, this company has a lower cost of product (29.9%)
36.4% - Avon Engineered Rubber Limited
29.9% - Industry AVG
Profitability
an operating margin of -2% make it less profitable than the average company (5.4%)
-2% - Avon Engineered Rubber Limited
5.4% - Industry AVG
Employees
with 110 employees, this is above the industry average (74)
110 - Avon Engineered Rubber Limited
74 - Industry AVG
Pay Structure
on an average salary of £28.3k, the company has a lower pay structure (£41.3k)
£28.3k - Avon Engineered Rubber Limited
£41.3k - Industry AVG
Efficiency
resulting in sales per employee of £102.6k, this is less efficient (£179.7k)
£102.6k - Avon Engineered Rubber Limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (60 days)
39 days - Avon Engineered Rubber Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (57 days)
73 days - Avon Engineered Rubber Limited
57 days - Industry AVG
Stock Days
it holds stock equivalent to 67 days, this is in line with average (79 days)
67 days - Avon Engineered Rubber Limited
79 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (8 weeks)
2 weeks - Avon Engineered Rubber Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.3%, this is a similar level of debt than the average (40%)
36.3% - Avon Engineered Rubber Limited
40% - Industry AVG
AVON ENGINEERED RUBBER LIMITED financials
Avon Engineered Rubber Limited's latest turnover from March 2023 is £11.3 million and the company has net assets of £6.3 million. According to their latest financial statements, Avon Engineered Rubber Limited has 110 employees and maintains cash reserves of £148.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,286,862 | 11,898,588 | 11,866,195 | 11,627,752 | 11,677,246 | 11,528,057 | 10,674,672 | 10,214,848 | 12,356,216 | 11,649,783 | 12,361,306 | 14,049,346 | 20,293,538 | 15,000,734 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,174,531 | 6,695,835 | 5,679,403 | 6,063,384 | 6,105,097 | 6,292,396 | 5,980,744 | 5,796,035 | 7,288,654 | 7,973,726 | 9,031,770 | 10,670,416 | 14,900,182 | 9,934,869 |
| Gross Profit | 4,112,331 | 5,202,753 | 6,186,792 | 5,564,368 | 5,572,149 | 5,235,661 | 4,693,928 | 4,418,813 | 5,067,562 | 3,676,057 | 3,329,536 | 3,378,930 | 5,393,356 | 5,065,865 |
| Admin Expenses | 4,337,976 | 4,418,886 | 4,549,595 | 4,407,475 | 4,390,770 | 4,398,477 | 3,947,866 | 3,693,964 | 4,761,717 | 3,334,107 | 3,021,413 | 3,459,852 | 5,187,521 | 4,730,330 |
| Operating Profit | -225,645 | 783,867 | 1,637,197 | 1,156,893 | 1,181,379 | 837,184 | 746,062 | 724,849 | 305,845 | 341,950 | 308,123 | -80,922 | 205,835 | 335,535 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 8,142 | 97,207 | 52,335 | 85,325 | 223,442 | 188,371 | 177,158 | 187,946 | 199,730 |
| Interest Receivable | 0 | 0 | 0 | 87,556 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 19,287 | 864,538 | 1,450,996 | 1,244,449 | 1,181,379 | 829,042 | 648,855 | 672,514 | 220,520 | 118,508 | 119,752 | 42,477 | 17,889 | 135,805 |
| Tax | -23,256 | -205,724 | -190,636 | -179,149 | -180,954 | -114,454 | -271,090 | -189,616 | 61,137 | -40,095 | -24,338 | -31,588 | 5,941 | -73,365 |
| Profit After Tax | -3,969 | 658,814 | 1,260,360 | 1,065,300 | 1,000,425 | 714,588 | 377,765 | 482,898 | 281,657 | 78,413 | 95,414 | 10,889 | 23,830 | 62,440 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,969 | 658,814 | 1,260,360 | 1,065,300 | 1,000,425 | 714,588 | 377,765 | 442,898 | 281,657 | 78,413 | 95,414 | 10,889 | 23,830 | 62,440 |
| Employee Costs | 3,116,137 | 2,935,442 | 3,293,229 | 3,268,260 | 3,512,703 | 3,500,908 | 3,399,279 | 3,321,721 | 4,035,488 | 4,294,723 | 4,514,579 | 5,065,762 | 6,743,782 | 5,200,354 |
| Number Of Employees | 110 | 112 | 116 | 116 | 128 | 135 | 138 | 162 | 181 | 204 | 231 | 293 | 292 | |
| EBITDA* | 487,963 | 1,457,741 | 2,272,984 | 1,660,225 | 1,595,124 | 1,269,305 | 1,225,004 | 1,328,741 | 847,577 | 718,170 | 580,911 | 171,262 | 635,830 | 743,927 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,151,406 | 3,000,791 | 3,477,448 | 3,459,338 | 2,437,406 | 2,207,364 | 2,154,678 | 2,375,190 | 3,103,210 | 2,192,824 | 1,952,156 | 2,037,785 | 2,517,055 | 2,862,671 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 253,042 | 253,042 | 281,042 | 281,042 |
| Investments & Other | 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 |
| Total Fixed Assets | 3,151,406 | 3,000,791 | 3,477,448 | 3,459,338 | 2,437,406 | 2,207,364 | 2,154,678 | 2,375,190 | 3,103,210 | 2,192,824 | 2,205,198 | 2,290,827 | 2,798,097 | 3,143,713 |
| Stock & work in progress | 1,320,331 | 1,367,370 | 1,104,185 | 427,613 | 743,182 | 891,043 | 841,869 | 758,831 | 884,555 | 707,816 | 1,312,278 | 1,952,517 | 2,405,634 | 1,818,135 |
| Trade Debtors | 1,218,407 | 1,620,817 | 1,532,194 | 1,625,963 | 1,618,084 | 1,140,837 | 1,223,549 | 1,294,727 | 1,792,885 | 2,137,656 | 2,962,230 | 3,564,681 | 4,778,899 | 3,715,130 |
| Group Debtors | 3,794,087 | 3,410,946 | 2,154,326 | 2,621,202 | 2,552,080 | 738,863 | 79,850 | 47,524 | 525,363 | 880,789 | 573,841 | 414,278 | 391,841 | 203,454 |
| Misc Debtors | 315,562 | 955,796 | 2,144,654 | 156,251 | 269,697 | 1,132,188 | 159,203 | 104,891 | 425,047 | 81,673 | 262,537 | 338,509 | 172,031 | 143,863 |
| Cash | 148,061 | 172,406 | 142,070 | 107,055 | 42,714 | 241,040 | 203,144 | 135,658 | 97,002 | 157,416 | 165,499 | 7 | 3,253 | 2,172 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,796,448 | 7,527,335 | 7,077,429 | 4,938,084 | 5,225,757 | 4,143,971 | 2,507,615 | 2,341,631 | 3,724,852 | 3,965,350 | 5,276,385 | 6,269,992 | 7,751,658 | 5,882,754 |
| total assets | 9,947,854 | 10,528,126 | 10,554,877 | 8,397,422 | 7,663,163 | 6,351,335 | 4,662,293 | 4,716,821 | 6,828,062 | 6,158,174 | 7,481,583 | 8,560,819 | 10,549,755 | 9,026,467 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 82,770 | 0 | 0 | 0 | 0 | 0 | 1,083,859 | 1,327,622 | 1,274,053 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 570,000 | 243,466 | 0 | 0 |
| Trade Creditors | 1,450,352 | 1,067,533 | 752,777 | 806,412 | 1,595,268 | 1,489,333 | 1,452,932 | 1,064,662 | 1,859,148 | 1,627,007 | 1,987,970 | 1,808,556 | 2,588,921 | 1,637,973 |
| Group/Directors Accounts | 146,617 | 218,155 | 2,008,588 | 1,015,351 | 1,017,169 | 1,490,775 | 19,672 | 45,780 | 1,197,616 | 1,557,710 | 1,418,527 | 1,046,257 | 422,141 | 530,146 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 87,214 | 302,635 | 207,937 | 95,455 | 10,855 | 0 | 191,305 | 207,131 |
| other current liabilities | 1,524,288 | 2,477,788 | 1,720,683 | 1,802,186 | 1,499,919 | 769,607 | 1,314,423 | 1,492,730 | 1,769,416 | 1,625,141 | 2,555,410 | 3,368,181 | 4,386,544 | 3,480,263 |
| total current liabilities | 3,121,257 | 3,763,476 | 4,482,048 | 3,623,949 | 4,112,356 | 3,832,485 | 2,874,241 | 2,905,807 | 5,034,117 | 4,905,313 | 6,542,762 | 7,550,319 | 8,916,533 | 7,129,566 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95,000 | 300,000 | 542,976 | 633,238 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 332,727 | 548,148 | 341,114 | 13,569 | 0 | 121,665 | 312,971 |
| Accruals and Deferred Income | 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 |
| provisions | 488,217 | 422,301 | 389,294 | 350,298 | 192,932 | 161,400 | 145,190 | 213,190 | 178,826 | 126,433 | 123,350 | 99,012 | 67,424 | 73,365 |
| total long term liabilities | 488,217 | 422,301 | 389,294 | 350,298 | 192,932 | 161,400 | 145,190 | 545,917 | 726,974 | 467,547 | 231,919 | 399,012 | 732,065 | 1,019,574 |
| total liabilities | 3,609,474 | 4,185,777 | 4,871,342 | 3,974,247 | 4,305,288 | 3,993,885 | 3,019,431 | 3,451,724 | 5,761,091 | 5,372,860 | 6,774,681 | 7,949,331 | 9,648,598 | 8,149,140 |
| net assets | 6,338,380 | 6,342,349 | 5,683,535 | 4,423,175 | 3,357,875 | 2,357,450 | 1,642,862 | 1,265,097 | 1,066,971 | 785,314 | 706,902 | 611,488 | 901,157 | 877,327 |
| total shareholders funds | 6,338,380 | 6,342,349 | 5,683,535 | 4,423,175 | 3,357,875 | 2,357,450 | 1,642,862 | 1,265,097 | 1,066,971 | 785,314 | 706,902 | 611,488 | 901,157 | 877,327 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -225,645 | 783,867 | 1,637,197 | 1,156,893 | 1,181,379 | 837,184 | 746,062 | 724,849 | 305,845 | 341,950 | 308,123 | -80,922 | 205,835 | 335,535 |
| Depreciation | 713,608 | 673,874 | 635,787 | 503,332 | 413,745 | 432,121 | 478,942 | 603,892 | 541,732 | 376,220 | 272,788 | 252,184 | 429,995 | 408,392 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -23,256 | -205,724 | -190,636 | -179,149 | -180,954 | -114,454 | -271,090 | -189,616 | 61,137 | -40,095 | -24,338 | -31,588 | 5,941 | -73,365 |
| Stock | -47,039 | 263,185 | 676,572 | -315,569 | -147,861 | 49,174 | 83,038 | -125,724 | 176,739 | -604,462 | -640,239 | -453,117 | 587,499 | 1,818,135 |
| Debtors | -659,503 | 156,385 | 1,427,758 | -36,445 | 1,427,973 | 1,549,286 | 15,460 | -1,296,153 | -356,823 | -698,490 | -518,860 | -1,025,303 | 1,280,324 | 4,062,447 |
| Creditors | 382,819 | 314,756 | -53,635 | -788,856 | 105,935 | 36,401 | 388,270 | -794,486 | 232,141 | -360,963 | 179,414 | -780,365 | 950,948 | 1,637,973 |
| Accruals and Deferred Income | -953,500 | 757,105 | -81,503 | 302,267 | 730,312 | -544,816 | -178,307 | -276,686 | 144,275 | -930,269 | -812,771 | -1,018,363 | 906,281 | 3,480,263 |
| Deferred Taxes & Provisions | 65,916 | 33,007 | 38,996 | 157,366 | 31,532 | 16,210 | -68,000 | 34,364 | 52,393 | 3,083 | 24,338 | 31,588 | -5,941 | 73,365 |
| Cash flow from operations | 666,484 | 1,937,315 | -118,124 | 1,503,867 | 1,001,837 | -935,814 | 997,379 | 1,524,194 | 1,517,607 | 692,878 | 1,106,653 | -149,046 | 625,236 | -18,419 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | -332,157 | -168,179 | -1,452,118 | -616,888 | -187,159 | 578,895 | -84,379 | -413,171 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | -332,157 | -168,179 | -1,452,118 | -616,888 | -187,159 | 578,895 | -84,379 | -413,171 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -570,000 | 326,534 | 243,466 | 0 | 0 |
| Group/Directors Accounts | -71,538 | -1,790,433 | 993,237 | -1,818 | -473,606 | 1,471,103 | -26,108 | -1,151,836 | -360,094 | 139,183 | 372,270 | 624,116 | -108,005 | 530,146 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -95,000 | -205,000 | -242,976 | -90,262 | 633,238 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -87,214 | -548,148 | -120,723 | 319,516 | 412,145 | 24,424 | -312,970 | -207,132 | 520,102 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 87,556 | 0 | -8,142 | -97,207 | -52,335 | -85,325 | -223,442 | -188,371 | -177,158 | -187,946 | -199,730 |
| cash flow from financing | -71,538 | -1,790,433 | 993,237 | 85,738 | -473,606 | 1,375,747 | -671,463 | -1,569,666 | -125,903 | -337,115 | 329,857 | -166,080 | -593,345 | 2,298,643 |
| cash and cash equivalents | ||||||||||||||
| cash | -24,345 | 30,336 | 35,015 | 64,341 | -198,326 | 37,896 | 67,486 | 38,656 | -60,414 | -8,083 | 165,492 | -3,246 | 1,081 | 2,172 |
| overdraft | 0 | 0 | 0 | 0 | -82,770 | 82,770 | 0 | 0 | 0 | 0 | -1,083,859 | -243,763 | 53,569 | 1,274,053 |
| change in cash | -24,345 | 30,336 | 35,015 | 64,341 | -115,556 | -44,874 | 67,486 | 38,656 | -60,414 | -8,083 | 1,249,351 | 240,517 | -52,488 | -1,271,881 |
avon engineered rubber limited Credit Report and Business Information
Avon Engineered Rubber Limited Competitor Analysis
Perform a competitor analysis for avon engineered rubber limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in BS3 area or any other competitors across 12 key performance metrics.
avon engineered rubber limited Ownership
AVON ENGINEERED RUBBER LIMITED group structure
Avon Engineered Rubber Limited has no subsidiary companies.
Ultimate parent company
1 parent
AVON ENGINEERED RUBBER LIMITED
06290354
avon engineered rubber limited directors
Avon Engineered Rubber Limited currently has 4 directors. The longest serving directors include Mr Mark Rushin (Jul 2007) and Mr Kevin Harrop (Oct 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Rushin | 53 years | Jul 2007 | - | Director | |
| Mr Kevin Harrop | South Wales | 59 years | Oct 2012 | - | Director |
| Ms Maria Lewis | England | 52 years | Jan 2021 | - | Director |
| Ms Maria Lewis | 46 years | Jan 2021 | - | Director |
P&L
March 2023turnover
11.3m
-5%
operating profit
-225.6k
-129%
gross margin
36.5%
-16.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.3m
0%
total assets
9.9m
-0.06%
cash
148.1k
-0.14%
net assets
Total assets minus all liabilities
Similar Companies
avon engineered rubber limited company details
company number
06290354
Type
Private limited with Share Capital
industry
22190 - Manufacture of other rubber products
incorporation date
June 2007
age
17
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
crosslinks limited (March 2008)
agm (maerdy) limited (July 2007)
last accounts submitted
March 2023
address
the avon building units 137-145, south liberty lane, bristol, avon, BS3 2TL
accountant
-
auditor
BISHOP FLEMING LLP
avon engineered rubber limited 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 avon engineered rubber limited.
avon engineered rubber limited Companies House Filings - See Documents
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