kirintec limited

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kirintec limited Company Information

Share KIRINTEC LIMITED

Company Number

06699502

Directors

Nicholas Watts

James Baker

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Shareholders

roy peter smith

nicholas anthony watts

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Group Structure

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Industry

Manufacture of other electrical equipment

 +3

Registered Address

walter scott house, 10, old gloucester road, ross-on-wye, herefordshire, HR9 5PB

kirintec limited Estimated Valuation

£95.2m

Pomanda estimates the enterprise value of KIRINTEC LIMITED at £95.2m based on a Turnover of £57.3m and 1.66x industry multiple (adjusted for size and gross margin).

kirintec limited Estimated Valuation

£334.8m

Pomanda estimates the enterprise value of KIRINTEC LIMITED at £334.8m based on an EBITDA of £26.7m and a 12.53x industry multiple (adjusted for size and gross margin).

kirintec limited Estimated Valuation

£105.8m

Pomanda estimates the enterprise value of KIRINTEC LIMITED at £105.8m based on Net Assets of £52.8m and 2x industry multiple (adjusted for liquidity).

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Kirintec Limited Overview

Kirintec Limited is a live company located in ross-on-wye, HR9 5PB with a Companies House number of 06699502. It operates in the manufacture of communication equipment other than telegraph, and telephone apparatus and equipment sector, SIC Code 26309. Founded in September 2008, it's largest shareholder is roy peter smith with a 76.1% stake. Kirintec Limited is a established, large sized company, Pomanda has estimated its turnover at £57.3m with rapid growth in recent years.

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Kirintec Limited Health Check

Pomanda's financial health check has awarded Kirintec Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £57.3m, make it larger than the average company (£11.7m)

£57.3m - Kirintec Limited

£11.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (8.2%)

43% - Kirintec Limited

8.2% - Industry AVG

production

Production

with a gross margin of 56.1%, this company has a lower cost of product (34.5%)

56.1% - Kirintec Limited

34.5% - Industry AVG

profitability

Profitability

an operating margin of 45.5% make it more profitable than the average company (5.6%)

45.5% - Kirintec Limited

5.6% - Industry AVG

employees

Employees

with 47 employees, this is similar to the industry average (58)

47 - Kirintec Limited

58 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.3k, the company has an equivalent pay structure (£51.7k)

£48.3k - Kirintec Limited

£51.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.2m, this is more efficient (£236.4k)

£1.2m - Kirintec Limited

£236.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 128 days, this is later than average (59 days)

128 days - Kirintec Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 65 days, this is slower than average (41 days)

65 days - Kirintec Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 108 days, this is more than average (81 days)

108 days - Kirintec Limited

81 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 111 weeks, this is more cash available to meet short term requirements (17 weeks)

111 weeks - Kirintec Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 16.3%, this is a lower level of debt than the average (47.6%)

16.3% - Kirintec Limited

47.6% - Industry AVG

KIRINTEC LIMITED financials

EXPORTms excel logo

Kirintec Limited's latest turnover from December 2023 is £57.3 million and the company has net assets of £52.8 million. According to their latest financial statements, Kirintec Limited has 47 employees and maintains cash reserves of £21.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Jun 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover57,291,60625,346,15711,177,42119,694,78957,429,72412,512,8097,053,0784,562,7756,571,8124,439,3222,231,3562,765,2421,591,7591,527,495111,24012,561
Other Income Or Grants
Cost Of Sales25,171,3686,847,5481,119,5843,168,83942,705,8748,365,0844,686,1743,018,4944,345,2682,941,6271,515,4331,831,7771,056,3801,040,28082,60110,091
Gross Profit32,120,23818,498,60910,057,83716,525,95014,723,8504,147,7252,366,9041,544,2812,226,5441,497,696715,923933,465535,378487,21528,6392,470
Admin Expenses6,065,4945,554,3336,311,1115,537,2274,733,4802,327,382-2,682,975606,8851,660,882752,756100,8721,051,177667,357878,339389,975415,748
Operating Profit26,054,74412,944,2763,746,72610,988,7239,990,3701,820,3435,049,879937,396565,662744,940615,051-117,712-131,979-391,124-361,336-413,278
Interest Payable7,8526,0236,093159,65112,902
Interest Receivable31,86841,80227,00227,01755,54324,41118,4884,813916237522451314301
Pre-Tax Profit26,070,59412,957,4933,767,63510,856,08910,033,0111,844,7545,068,367942,209566,579745,177615,573-117,261-131,665-390,823-361,336-413,278
Tax-3,977,363-871,223-262,425-1,275,193-986,998-350,503-962,990-188,442-113,316-156,487-129,27046,65354,622
Profit After Tax22,093,23112,086,2703,505,2109,580,8969,046,0131,494,2514,105,377753,767453,263588,690486,303-117,261-131,665-390,823-314,683-358,656
Dividends Paid682,6001,460,000
Retained Profit21,410,63110,626,2703,505,2109,580,8969,046,0131,494,2514,105,377753,767453,263588,690486,303-117,261-131,665-390,823-314,683-358,656
Employee Costs2,269,9771,848,9932,586,5842,328,6742,055,932949,3891,078,290942,611811,8901,037,284538,051654,834351,726373,08236,446
Number Of Employees4743383125212422202614169101
EBITDA*26,724,95313,130,5783,922,16711,143,45810,114,1651,974,7465,188,0261,049,272589,824752,118621,061-113,174-112,718-372,447-342,443-398,711

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Jun 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,166,1501,881,8971,754,0341,787,5121,799,3211,719,845475,232218,47834,66528,05130,68322,9223,38019,10719,89129,133
Intangible Assets8,877,1763,529,488131,832141,690103,22874,82537,31810,89611,537
Investments & Other1,000239,359239,359238,35911,40411,404512512512512500500500
Debtors (Due After 1 year)224,236224,236350,000350,000
Total Fixed Assets11,267,5625,636,6212,125,2252,518,5612,140,9081,806,074873,954229,88646,71428,56331,19523,4223,88019,60719,89129,133
Stock & work in progress7,457,9946,041,5974,094,374580,0941,815,1481,772,574356,408293,872644,760232,857141,740106,45943,03425,64529,01419,828
Trade Debtors20,126,9123,529,6381,299,66110,392,8731,471,6483,431,9981,680,324795,7671,504,368908,262213,464260,78553,58090,3118,64011,635
Group Debtors49,342
Misc Debtors2,432,2362,107,6934,026,5602,406,4181,087,28054,81821,19289,80473,648
Cash21,825,59017,358,70112,440,08914,361,20018,686,7892,611,4993,898,1723,496,855353,58312,921127,01081,81298,71127,04093,28413,720
misc current assets
total current assets51,842,73229,086,97121,860,68427,740,58523,060,8657,816,0715,934,9044,641,3122,523,9031,154,040482,214449,056195,325142,996220,742118,831
total assets63,110,29434,723,59223,985,90930,259,14625,201,7739,622,1456,808,8584,871,1982,570,6171,182,603513,409472,478199,205162,603240,633147,964
Bank overdraft
Bank loan
Trade Creditors 4,500,8051,667,8961,735,7115,420,0612,685,1903,497,6182,101,3451,836,1702,311,501977,0011,330,1941,775,5661,385,0321,216,76544,7023,295
Group/Directors Accounts32,110845,000490,000
other short term finances
hp & lease commitments5,1292,559
other current liabilities5,678,9731,600,4231,612,0477,346,20114,832,19520,25114,2703,325
total current liabilities10,179,7783,300,4293,347,75812,766,26217,517,3853,497,6182,106,4741,838,7292,331,752977,0011,330,1941,775,5661,385,0321,216,765903,972496,620
loans
hp & lease commitments
Accruals and Deferred Income488,915
other liabilities43,44648,574500,000900,000
provisions96,61234,41934,83129,90757,25432,26760,9292,491,26320,000
total long term liabilities96,61234,41934,831518,82257,25432,267104,3752,539,837500,000920,000
total liabilities10,276,3903,334,8483,382,58913,285,08417,574,6393,529,8852,210,8494,378,5662,831,7521,897,0011,330,1941,775,5661,385,0321,216,765903,972496,620
net assets52,833,90431,388,74420,603,32016,974,0627,627,1346,092,2604,598,009492,632-261,135-714,398-816,785-1,303,088-1,185,827-1,054,162-663,339-348,656
total shareholders funds52,833,90431,388,74420,603,32016,974,0627,627,1346,092,2604,598,009492,632-261,135-714,398-816,785-1,303,088-1,185,827-1,054,162-663,339-348,656
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Jun 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit26,054,74412,944,2763,746,72610,988,7239,990,3701,820,3435,049,879937,396565,662744,940615,051-117,712-131,979-391,124-361,336-413,278
Depreciation211,422154,419171,130151,835120,897151,554133,946111,23523,5217,1786,0104,53819,26118,67718,89314,567
Amortisation458,78731,8834,3112,9002,8982,8494,201641641
Tax-3,977,363-871,223-262,425-1,275,193-986,998-350,503-962,990-188,442-113,316-156,487-129,27046,65354,622
Stock1,416,3971,947,2233,514,280-1,235,05442,5741,416,16662,536-350,888411,903126,39835,28163,42517,389-3,3699,18619,828
Debtors16,872,475584,688-7,823,07010,590,363-873,0701,401,6741,179,739-674,975617,298647,477-47,321207,205-36,731-8,13313,16185,283
Creditors2,832,909-67,815-3,684,3502,734,871-812,4281,396,273265,175-475,3311,334,500-798,565-445,372390,534168,2671,172,06341,4073,295
Accruals and Deferred Income4,078,550-11,624-6,223,069-6,997,07914,832,195-20,25120,251-14,27010,9453,325
Deferred Taxes & Provisions62,193-4124,924-27,34724,987-28,662-2,430,3342,491,263-20,00020,000
Cash flow from operations11,432,3709,647,593-1,933,963-3,776,59924,002,417174,014817,6023,882,374782,058-956,80958,4596,73074,891796,848-265,785-442,580
Investing Activities
capital expenditure-1,436,523-421,323-295,048-42,313-12,307-13,771-24,080-3,534-17,893-9,651-43,700
Change in Investments-1,000-238,3591,000226,95510,8921212500
cash flow from investments1,000238,359-1,000-226,955-1,436,523-432,215-295,048-42,313-12,319-13,783-24,080-3,534-18,393-9,651-43,700
Financing Activities
Bank loans
Group/Directors Accounts-32,11032,110-845,000355,000490,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-5,1292,5702,559
other long term liabilities-43,446-5,128-451,426-400,000900,000
share issue34,529159,154124,048-233,968-7,511,13910,000
interest24,01635,77920,909-132,63442,64124,41118,4884,813916237522451314301
cash flow from financing26,435227,043144,957-366,602-7,468,498-24,16415,930-444,054-399,084900,237522451314-844,699355,000500,000
cash and cash equivalents
cash4,466,8894,918,612-1,921,111-4,325,58916,075,290-1,286,673401,3173,143,272340,662-68,89145,198-16,89971,671-66,24479,56413,720
overdraft
change in cash4,466,8894,918,612-1,921,111-4,325,58916,075,290-1,286,673401,3173,143,272340,662-68,89145,198-16,89971,671-66,24479,56413,720

kirintec limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Kirintec Limited Competitor Analysis

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kirintec limited Ownership

KIRINTEC LIMITED group structure

Kirintec Limited has 1 subsidiary company.

Ultimate parent company

KIRINTEC LIMITED

06699502

1 subsidiary

KIRINTEC LIMITED Shareholders

roy peter smith 76.09%
nicholas anthony watts 20.29%
richard harrison 3.01%
lisa chaplain 0.2%
james wood powell 0.2%
simon timewell 0.2%

kirintec limited directors

Kirintec Limited currently has 4 directors. The longest serving directors include Mr Nicholas Watts (Sep 2011) and Mr James Baker (Sep 2024).

officercountryagestartendrole
Mr Nicholas Watts49 years Sep 2011- Director
Mr James BakerEngland44 years Sep 2024- Director
Mr Richard CheckleyEngland53 years Sep 2024- Director
Mr Bruce MartinEngland56 years Sep 2024- Director

P&L

December 2023

turnover

57.3m

+126%

operating profit

26.1m

+101%

gross margin

56.1%

-23.18%

turnover

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

Balance Sheet

December 2023

net assets

52.8m

+0.68%

total assets

63.1m

+0.82%

cash

21.8m

+0.26%

net assets

Total assets minus all liabilities

kirintec limited company details

company number

06699502

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

28220 - Manufacture of lifting and handling equipment

46190 - Agents involved in the sale of a variety of goods

incorporation date

September 2008

age

17

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

PEARSON MAY

address

walter scott house, 10, old gloucester road, ross-on-wye, herefordshire, HR9 5PB

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

kirintec 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 9 charges/mortgages relating to kirintec limited. Currently there are 0 open charges and 9 have been satisfied in the past.

kirintec limited 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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kirintec limited Companies House Filings - See Documents

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