Speedclad Limited

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speedclad limited Company Information

Live (In Receivership)

EstablishedMidHealthy

Company Number

06492516

Website

www.speedclad.co.uk

Registered Address

60 grey street, newcastle upon tyne, NE1 6AH

Industry

Construction of commercial buildings

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01609768970

Next Accounts Due

683 days late

Group Structure

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Directors

Anthony Blake16 Years

Paul Dingle16 Years

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Shareholders

anthony blake 50%

paul dingle 50%

speedclad limited Estimated Valuation

£10.7m

Pomanda estimates the enterprise value of SPEEDCLAD LIMITED at £10.7m based on a Turnover of £19m and 0.57x industry multiple (adjusted for size and gross margin).

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Speedclad Limited is a live company located in newcastle upon tyne, NE1 6AH with a Companies House number of 06492516. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in February 2008, it's largest shareholder is anthony blake with a 50% stake. Speedclad Limited is a established, mid sized company, Pomanda has estimated its turnover at £19m with healthy growth in recent years.

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Pomanda's financial health check has awarded Speedclad Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

5 Regular

1 Weak

Size

annual sales of £19m, make it larger than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (0.7%)

EXPORT

Speedclad Limited's latest turnover from January 2021 is £19 million and the company has net assets of £2.1 million. According to their latest financial statements, Speedclad Limited has 77 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	18,963,021	22,154,276	17,988,011	15,594,976	13,906,840	9,144,227	11,400,175	7,086,955	1,223,363	1,556,345	2,681,356	1,502,595
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	15,566,173	17,895,991	14,787,679	12,269,793	10,974,119	7,302,785	9,172,706	5,685,612	978,438	1,224,802	2,063,051	1,179,091
Gross Profit	3,396,848	4,258,285	3,200,332	3,325,183	2,932,721	1,841,442	2,227,469	1,401,343	244,925	331,543	618,306	323,504
Admin Expenses	3,297,917	3,300,141	2,733,837	2,708,129	2,561,852	1,538,262	2,027,557	1,243,121	179,771	244,853	617,345	425,136
Operating Profit	98,931	958,144	466,495	617,054	370,869	303,180	199,912	158,222	65,154	86,690	961	-101,632
Interest Payable	1,641	2,501	3,817	3,358	14,042	6,210	3,262	0	0	0	0	0
Interest Receivable	0	0	0	0	2,032	1,516	543	614	71	10	10	0
Pre-Tax Profit	97,290	955,643	462,678	613,696	358,859	298,486	197,194	158,836	65,225	86,700	971	-101,632
Tax	241,560	87,400	150,018	123,255	-71,772	-59,697	-41,411	-36,532	-15,654	-22,542	-272	0
Profit After Tax	338,850	1,043,043	612,696	736,951	287,087	238,789	155,783	122,304	49,571	64,158	699	-101,632
Dividends Paid	650,000	380,000	410,000	68,182	0	0	0	0	0	0	0	0
Retained Profit	-311,150	663,043	202,696	668,769	287,087	238,789	155,783	122,304	49,571	64,158	699	-101,632
Employee Costs	3,607,178	3,518,928	2,990,815	2,669,793	1,972,004	1,702,876	2,013,810	1,337,041	265,798	333,906	616,862	331,780
Number Of Employees	77	72	62	58	46	42	51	35	7	9	17	9
EBITDA*	120,155	982,871	484,332	640,301	389,559	312,731	206,241	164,090	70,538	92,590	4,670	-97,177

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	375,908	386,424	338,472	344,782	231,113	203,693	195,788	192,990	16,505	17,695	11,119	13,348
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	375,908	386,424	338,472	344,782	231,113	203,693	195,788	192,990	16,505	17,695	11,119	13,348
Stock & work in progress	14,636	0	0	0	0	0	0	0	15,089	25,523	0	0
Trade Debtors	585,872	1,257,744	2,129,307	2,248,244	2,693,883	1,525,959	1,847,020	1,024,419	216,275	262,240	388,067	197,737
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,770,365	2,862,655	215,915	270,902	18,796	17,043	0	0	0	0	0	0
Cash	1,769,971	2,639,250	2,350,486	1,033,566	1,018,853	606,559	0	217,301	28,415	0	3,924	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,140,844	6,759,649	4,695,708	3,552,712	3,731,532	2,149,561	1,847,020	1,241,720	259,779	287,763	391,991	197,737
total assets	6,516,752	7,146,073	5,034,180	3,897,494	3,962,645	2,353,254	2,042,808	1,434,710	276,284	305,458	403,110	211,085
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	29,478	14,970	14,970	0	0	0	0	0	0	0	0	0
Trade Creditors	2,643,400	3,153,885	2,285,315	1,717,577	1,560,915	1,057,070	1,546,566	1,081,424	153,461	227,568	399,043	207,717
Group/Directors Accounts	0	0	0	0	1,960	20,150	0	0	0	0	0	0
other short term finances	0	0	0	0	279,747	0	0	0	0	0	0	0
hp & lease commitments	0	5,650	6,164	6,164	0	0	0	0	0	0	0	0
other current liabilities	1,698,757	1,487,463	888,506	504,152	1,119,368	550,650	0	0	0	0	0	0
total current liabilities	4,371,635	4,661,968	3,194,955	2,227,893	2,961,990	1,627,870	1,546,566	1,081,424	153,461	227,568	399,043	207,717
loans	0	27,838	40,352	67,260	78,896	90,712	100,359	0	0	0	0	0
hp & lease commitments	0	0	5,649	11,813	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	113,186	5,027	9,665	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	27,838	46,001	79,073	78,896	90,712	100,359	113,186	5,027	9,665	0	0
total liabilities	4,371,635	4,689,806	3,240,956	2,306,966	3,040,886	1,718,582	1,646,925	1,194,610	158,488	237,233	399,043	207,717
net assets	2,145,117	2,456,267	1,793,224	1,590,528	921,759	634,672	395,883	240,100	117,796	68,225	4,067	3,368
total shareholders funds	2,145,117	2,456,267	1,793,224	1,590,528	921,759	634,672	395,883	240,100	117,796	68,225	4,067	3,368

	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	98,931	958,144	466,495	617,054	370,869	303,180	199,912	158,222	65,154	86,690	961	-101,632
Depreciation	21,224	24,727	17,837	23,247	18,690	9,551	6,329	5,868	5,384	5,900	3,709	4,455
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	241,560	87,400	150,018	123,255	-71,772	-59,697	-41,411	-36,532	-15,654	-22,542	-272	0
Stock	14,636	0	0	0	0	0	0	-15,089	-10,434	25,523	0	0
Debtors	235,838	1,775,177	-173,924	-193,533	1,169,677	-304,018	822,601	808,144	-45,965	-125,827	190,330	197,737
Creditors	-510,485	868,570	567,738	156,662	503,845	-489,496	465,142	927,963	-74,107	-171,475	191,326	207,717
Accruals and Deferred Income	211,294	598,957	384,354	-615,216	568,718	550,650	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-187,950	762,621	1,760,366	498,535	220,673	618,206	-192,629	262,466	37,176	-1,123	5,394	-87,197
Investing Activities
capital expenditure	0	0	-19,545	-136,916	-46,110	-17,456	-9,127	-182,353	-4,194	-12,476	-1,480	-17,803
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-19,545	-136,916	-46,110	-17,456	-9,127	-182,353	-4,194	-12,476	-1,480	-17,803
Financing Activities
Bank loans	14,508	0	14,970	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-1,960	-18,190	20,150	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-279,747	279,747	0	0	0	0	0	0	0
Long term loans	-27,838	-12,514	-26,908	-11,636	-11,816	-9,647	100,359	0	0	0	0	0
Hire Purchase and Lease Commitments	-5,650	-6,163	-6,164	17,977	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-113,186	108,159	-4,638	9,665	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	105,000
interest	-1,641	-2,501	-3,817	-3,358	-12,010	-4,694	-2,719	614	71	10	10	0
cash flow from financing	-20,621	-21,178	-21,919	-278,724	237,731	5,809	-15,546	108,773	-4,567	9,675	10	105,000
cash and cash equivalents
cash	-869,279	288,764	1,316,920	14,713	412,294	606,559	-217,301	188,886	28,415	-3,924	3,924	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-869,279	288,764	1,316,920	14,713	412,294	606,559	-217,301	188,886	28,415	-3,924	3,924	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPEEDCLAD LIMITED group structure

Speedclad Limited has no subsidiary companies.

Ultimate parent company

SPEEDCLAD LIMITED

06492516

SPEEDCLAD LIMITED Shareholders

anthony blake	50%
paul dingle	50%

Speedclad Limited currently has 5 directors. The longest serving directors include Mr Anthony Blake (Feb 2008) and Mr Paul Dingle (Feb 2008).

officer	country	age	start	end	role
Mr Anthony Blake	England	58 years	Feb 2008	-	Director
Mr Paul Dingle		61 years	Feb 2008	-	Director
Mr Peter Hurst		56 years	Jan 2015	-	Director
Mr Fraser Brown	United Kingdom	52 years	Jan 2016	-	Director
Ms Rebecca Forward		49 years	Jan 2018	-	Director

P&L

January 2021

turnover

19m

-14%

operating profit

98.9k

-90%

gross margin

18%

-6.81%

turnover

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

Balance Sheet

January 2021

net assets

2.1m

-0.13%

total assets

6.5m

-0.09%

cash

1.8m

-0.33%

net assets

Total assets minus all liabilities

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company number

06492516

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

February 2008

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

January 2021

address

60 grey street, newcastle upon tyne, NE1 6AH

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 4 charges/mortgages relating to speedclad limited. Currently there are 4 open charges and 0 have been satisfied in the past.

speedclad limited Company Information

speedclad limited Estimated Valuation

speedclad limited Estimated Valuation

speedclad limited Estimated Valuation

Speedclad Limited Overview

Speedclad Limited Health Check

SPEEDCLAD LIMITED financials

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speedclad limited Ownership

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