otc precision fasteners limited
otc precision fasteners limited Company Information
Company Number
06556486
Website
-Registered Address
2 pacific court atlantic street, altrincham, cheshire, WA14 5BJ
Industry
Manufacture of fasteners and screw machine products
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Neil Mitchell16 Years
Shareholders
neil alistair mitchell 100%
otc precision fasteners limited Estimated Valuation
Pomanda estimates the enterprise value of OTC PRECISION FASTENERS LIMITED at £731.3k based on a Turnover of £1.7m and 0.43x industry multiple (adjusted for size and gross margin).
otc precision fasteners limited Estimated Valuation
Pomanda estimates the enterprise value of OTC PRECISION FASTENERS LIMITED at £956.8k based on an EBITDA of £306.5k and a 3.12x industry multiple (adjusted for size and gross margin).
otc precision fasteners limited Estimated Valuation
Pomanda estimates the enterprise value of OTC PRECISION FASTENERS LIMITED at £1.2m based on Net Assets of £878.9k and 1.35x industry multiple (adjusted for liquidity).
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Otc Precision Fasteners Limited Overview
Otc Precision Fasteners Limited is a dissolved company that was located in cheshire, WA14 5BJ with a Companies House number of 06556486. It operated in the manufacture of fasteners and screw machine products sector, SIC Code 25940. Founded in April 2008, it's largest shareholder was neil alistair mitchell with a 100% stake. The last turnover for Otc Precision Fasteners Limited was estimated at £1.7m.
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Otc Precision Fasteners Limited Health Check
Pomanda's financial health check has awarded Otc Precision Fasteners Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£10.9m)
- Otc Precision Fasteners Limited
£10.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4%)
- Otc Precision Fasteners Limited
4% - Industry AVG
Production
with a gross margin of 22.7%, this company has a comparable cost of product (28.3%)
- Otc Precision Fasteners Limited
28.3% - Industry AVG
Profitability
an operating margin of 14.1% make it more profitable than the average company (7.4%)
- Otc Precision Fasteners Limited
7.4% - Industry AVG
Employees
with 10 employees, this is below the industry average (93)
- Otc Precision Fasteners Limited
93 - Industry AVG
Pay Structure
on an average salary of £28.6k, the company has an equivalent pay structure (£28.6k)
- Otc Precision Fasteners Limited
£28.6k - Industry AVG
Efficiency
resulting in sales per employee of £171.8k, this is more efficient (£112.9k)
- Otc Precision Fasteners Limited
£112.9k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (66 days)
- Otc Precision Fasteners Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (42 days)
- Otc Precision Fasteners Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (102 days)
- Otc Precision Fasteners Limited
102 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (6 weeks)
27 weeks - Otc Precision Fasteners Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.5%, this is a lower level of debt than the average (49.2%)
35.5% - Otc Precision Fasteners Limited
49.2% - Industry AVG
OTC PRECISION FASTENERS LIMITED financials
Otc Precision Fasteners Limited's latest turnover from March 2015 is estimated at £1.7 million and the company has net assets of £878.9 thousand. According to their latest financial statements, we estimate that Otc Precision Fasteners Limited has 10 employees and maintains cash reserves of £225.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 528,677 | 373,182 | 262,588 | 143,684 | 107,874 | 19,557 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 528,677 | 373,182 | 262,588 | 143,684 | 107,874 | 19,557 |
| Stock & work in progress | 54,000 | 48,000 | 44,000 | 34,000 | 31,400 | 0 |
| Trade Debtors | 554,931 | 423,856 | 486,560 | 342,494 | 230,473 | 214,159 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 225,134 | 270,875 | 166,211 | 123,686 | 29,454 | 73,106 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 834,065 | 742,731 | 696,771 | 500,180 | 291,327 | 287,265 |
| total assets | 1,362,742 | 1,115,913 | 959,359 | 643,864 | 399,201 | 306,822 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 432,992 | 379,869 | 443,828 | 367,312 | 260,225 | 226,576 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 432,992 | 379,869 | 443,828 | 367,312 | 260,225 | 226,576 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,938 | 8,869 | 0 | 0 | 0 | 4,107 |
| provisions | 47,902 | 40,854 | 25,555 | 19,924 | 14,200 | 0 |
| total long term liabilities | 50,840 | 49,723 | 25,555 | 19,924 | 14,200 | 4,107 |
| total liabilities | 483,832 | 429,592 | 469,383 | 387,236 | 274,425 | 230,683 |
| net assets | 878,910 | 686,321 | 489,976 | 256,628 | 124,776 | 76,139 |
| total shareholders funds | 878,910 | 686,321 | 489,976 | 256,628 | 124,776 | 76,139 |
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 64,000 | 48,000 | 32,000 | 18,000 | 12,000 | 2,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 6,000 | 4,000 | 10,000 | 2,600 | 31,400 | 0 |
| Debtors | 131,075 | -62,704 | 144,066 | 112,021 | 16,314 | 214,159 |
| Creditors | 53,123 | -63,959 | 76,516 | 107,087 | 33,649 | 226,576 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 7,048 | 15,299 | 5,631 | 5,724 | 14,200 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -5,931 | 8,869 | 0 | 0 | -4,107 | 4,107 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -45,741 | 104,664 | 42,525 | 94,232 | -43,652 | 73,106 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -45,741 | 104,664 | 42,525 | 94,232 | -43,652 | 73,106 |
otc precision fasteners limited Credit Report and Business Information
Otc Precision Fasteners Limited Competitor Analysis
Perform a competitor analysis for otc precision fasteners limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in WA14 area or any other competitors across 12 key performance metrics.
otc precision fasteners limited Ownership
OTC PRECISION FASTENERS LIMITED group structure
Otc Precision Fasteners Limited has no subsidiary companies.
Ultimate parent company
OTC PRECISION FASTENERS LIMITED
06556486
otc precision fasteners limited directors
Otc Precision Fasteners Limited currently has 1 director, Mr Neil Mitchell serving since Apr 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Mitchell | 69 years | Apr 2008 | - | Director |
P&L
March 2015turnover
1.7m
+35%
operating profit
242.5k
0%
gross margin
22.7%
-6.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2015net assets
878.9k
+0.28%
total assets
1.4m
+0.22%
cash
225.1k
-0.17%
net assets
Total assets minus all liabilities
otc precision fasteners limited company details
company number
06556486
Type
Private limited with Share Capital
industry
25940 - Manufacture of fasteners and screw machine products
incorporation date
April 2008
age
16
incorporated
UK
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
last accounts submitted
March 2015
address
2 pacific court atlantic street, altrincham, cheshire, WA14 5BJ
accountant
-
auditor
-
otc precision fasteners 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 found 1 charges/mortgages relating to otc precision fasteners limited. Currently there are 1 open charges and 0 have been satisfied in the past.
otc precision fasteners limited Companies House Filings - See Documents
| date | description | view/download |
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