chinatool automotive systems limited
chinatool automotive systems limited Company Information
Company Number
06870977
Next Accounts
Mar 2025
Shareholders
china tool projects uk ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
1580 parkway, solent business park, fareham, hampshire, PO15 7AG
Website
ct-automotive.netchinatool automotive systems limited Estimated Valuation
Pomanda estimates the enterprise value of CHINATOOL AUTOMOTIVE SYSTEMS LIMITED at £336.3k based on a Turnover of £3.7m and 0.09x industry multiple (adjusted for size and gross margin).
chinatool automotive systems limited Estimated Valuation
Pomanda estimates the enterprise value of CHINATOOL AUTOMOTIVE SYSTEMS LIMITED at £281k based on an EBITDA of £407k and a 0.69x industry multiple (adjusted for size and gross margin).
chinatool automotive systems limited Estimated Valuation
Pomanda estimates the enterprise value of CHINATOOL AUTOMOTIVE SYSTEMS LIMITED at £1.5m based on Net Assets of £910k and 1.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Chinatool Automotive Systems Limited Overview
Chinatool Automotive Systems Limited is a dissolved company that was located in fareham, PO15 7AG with a Companies House number of 06870977. It operated in the manufacture of other plastic products sector, SIC Code 22290. Founded in April 2009, it's largest shareholder was china tool projects uk ltd with a 100% stake. The last turnover for Chinatool Automotive Systems Limited was estimated at £3.7m.
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Chinatool Automotive Systems Limited Health Check
Pomanda's financial health check has awarded Chinatool Automotive Systems Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£15.2m)
£3.7m - Chinatool Automotive Systems Limited
£15.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (1%)
-17% - Chinatool Automotive Systems Limited
1% - Industry AVG
Production
with a gross margin of -18.5%, this company has a higher cost of product (28.2%)
-18.5% - Chinatool Automotive Systems Limited
28.2% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (6.7%)
5% - Chinatool Automotive Systems Limited
6.7% - Industry AVG
Employees
with 83 employees, this is similar to the industry average (101)
83 - Chinatool Automotive Systems Limited
101 - Industry AVG
Pay Structure
on an average salary of £17.5k, the company has a lower pay structure (£34.6k)
£17.5k - Chinatool Automotive Systems Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £45.1k, this is less efficient (£149.3k)
£45.1k - Chinatool Automotive Systems Limited
£149.3k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (59 days)
121 days - Chinatool Automotive Systems Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (43 days)
68 days - Chinatool Automotive Systems Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 78 days, this is more than average (59 days)
78 days - Chinatool Automotive Systems Limited
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Chinatool Automotive Systems Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.3%, this is a higher level of debt than the average (45.2%)
89.3% - Chinatool Automotive Systems Limited
45.2% - Industry AVG
CHINATOOL AUTOMOTIVE SYSTEMS LIMITED financials
Chinatool Automotive Systems Limited's latest turnover from December 2021 is £3.7 million and the company has net assets of £910 thousand. According to their latest financial statements, Chinatool Automotive Systems Limited has 83 employees and maintains cash reserves of £277 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,747,000 | 3,181,000 | 4,231,000 | 6,555,000 | 9,124,000 | 5,589,000 | 8,049,000 | 7,500,607 | ||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 4,440,000 | 2,985,000 | 3,740,000 | 5,486,000 | 6,444,000 | 4,313,000 | 6,502,000 | |||||
| Gross Profit | -693,000 | 196,000 | 491,000 | 1,069,000 | 2,680,000 | 1,276,000 | 1,547,000 | |||||
| Admin Expenses | -879,000 | 124,000 | 232,000 | 726,000 | 2,256,000 | 1,004,000 | 1,675,000 | |||||
| Operating Profit | 186,000 | 72,000 | 259,000 | 343,000 | 424,000 | 272,000 | -128,000 | 595,254 | ||||
| Interest Payable | 56,000 | 37,000 | 59,000 | 64,000 | 95,000 | 134,000 | 69,000 | 11,109 | ||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | 130,000 | 35,000 | 200,000 | 279,000 | 329,000 | 138,000 | -197,000 | 584,145 | ||||
| Tax | -32,000 | 20,000 | -39,000 | -10,000 | -62,000 | -25,000 | -14,000 | -129,766 | ||||
| Profit After Tax | 98,000 | 55,000 | 161,000 | 269,000 | 267,000 | 113,000 | -211,000 | 454,379 | ||||
| Dividends Paid | ||||||||||||
| Retained Profit | 98,000 | 55,000 | 161,000 | 269,000 | 267,000 | 113,000 | -211,000 | 454,379 | ||||
| Employee Costs | 1,451,000 | 1,034,000 | 1,206,000 | 1,687,000 | 2,092,000 | 1,136,000 | 1,199,000 | 1,179,572 | ||||
| Number Of Employees | 83 | 49 | 58 | 81 | 63 | 62 | 70 | 65 | ||||
| EBITDA* | 407,000 | 309,000 | 489,000 | 431,000 | 512,000 | 330,000 | -55,000 | 652,099 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 928,000 | 226,000 | 459,000 | 354,000 | 274,000 | 196,000 | 250,000 | 206,572 | 253,050 | 327,336 | 157,199 | 199,420 |
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 928,000 | 226,000 | 459,000 | 354,000 | 274,000 | 196,000 | 250,000 | 206,572 | 253,050 | 327,336 | 157,199 | 199,420 |
| Stock & work in progress | 957,000 | 432,000 | 444,000 | 500,000 | 558,000 | 255,000 | 561,000 | 547,696 | 236,331 | 306,718 | 229,161 | 101,561 |
| Trade Debtors | 1,247,000 | 1,259,000 | 671,000 | 1,163,000 | 2,057,000 | 1,085,000 | 1,015,000 | 1,138,116 | 951,322 | 764,209 | 642,713 | 480,702 |
| Group Debtors | 4,839,000 | 3,074,000 | 2,360,000 | 1,167,000 | 292,000 | 602,000 | 338,000 | 208,488 | ||||
| Misc Debtors | 244,000 | 262,000 | 268,000 | 46,000 | 28,000 | 85,000 | 101,000 | 307,033 | ||||
| Cash | 277,000 | 13,000 | 51,000 | 168,000 | 139,000 | 20,000 | 33,807 | 912 | 41,299 | 13,445 | 22,972 | |
| misc current assets | ||||||||||||
| total current assets | 7,564,000 | 5,040,000 | 3,794,000 | 2,876,000 | 3,103,000 | 2,166,000 | 2,035,000 | 2,235,140 | 1,188,565 | 1,112,226 | 885,319 | 605,235 |
| total assets | 8,492,000 | 5,266,000 | 4,253,000 | 3,230,000 | 3,377,000 | 2,362,000 | 2,285,000 | 2,441,712 | 1,441,615 | 1,439,562 | 1,042,518 | 804,655 |
| Bank overdraft | 2,374,000 | 284,000 | 204,000 | 52,000 | 377,000 | 439,405 | 230,363 | 173,785 | ||||
| Bank loan | ||||||||||||
| Trade Creditors | 829,000 | 489,000 | 410,000 | 498,000 | 783,000 | 415,000 | 1,068,000 | 1,157,783 | 1,406,697 | 1,519,790 | 1,257,275 | 868,118 |
| Group/Directors Accounts | 2,575,000 | 2,400,000 | 2,083,000 | 1,163,000 | 584,000 | 524,000 | 511,000 | 132,407 | ||||
| other short term finances | 870,000 | 912,000 | 494,000 | 737,000 | 1,126,000 | 695,000 | 276 | |||||
| hp & lease commitments | 252,000 | 46,000 | 68,000 | 1,000 | 20,000 | 31,000 | 38,147 | |||||
| other current liabilities | 272,000 | 293,000 | 141,000 | 163,000 | 540,000 | 631,000 | 326,000 | 467,069 | ||||
| total current liabilities | 7,172,000 | 4,424,000 | 3,400,000 | 2,613,000 | 3,034,000 | 2,285,000 | 2,313,000 | 2,235,087 | 1,637,060 | 1,693,575 | 1,257,275 | 868,118 |
| loans | ||||||||||||
| hp & lease commitments | 379,000 | 30,000 | 76,000 | 37,618 | ||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 84,917 | 121,688 | ||||||||||
| provisions | 31,000 | 20,000 | 21,000 | 16,000 | 17,000 | 25,000 | 11,600 | 16,610 | ||||
| total long term liabilities | 410,000 | 30,000 | 96,000 | 21,000 | 16,000 | 17,000 | 25,000 | 49,218 | 101,527 | 121,688 | ||
| total liabilities | 7,582,000 | 4,454,000 | 3,496,000 | 2,634,000 | 3,050,000 | 2,302,000 | 2,338,000 | 2,284,305 | 1,738,587 | 1,815,263 | 1,257,275 | 868,118 |
| net assets | 910,000 | 812,000 | 757,000 | 596,000 | 327,000 | 60,000 | -53,000 | 157,407 | -296,972 | -375,701 | -214,757 | -63,463 |
| total shareholders funds | 910,000 | 812,000 | 757,000 | 596,000 | 327,000 | 60,000 | -53,000 | 157,407 | -296,972 | -375,701 | -214,757 | -63,463 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 186,000 | 72,000 | 259,000 | 343,000 | 424,000 | 272,000 | -128,000 | 595,254 | ||||
| Depreciation | 124,000 | 169,000 | 93,000 | 88,000 | 88,000 | 58,000 | 73,000 | 56,845 | 74,286 | 98,313 | 38,772 | 48,822 |
| Amortisation | 97,000 | 68,000 | 137,000 | |||||||||
| Tax | -32,000 | 20,000 | -39,000 | -10,000 | -62,000 | -25,000 | -14,000 | -129,766 | ||||
| Stock | 525,000 | -12,000 | -56,000 | -58,000 | 303,000 | -306,000 | 13,304 | 311,365 | -70,387 | 77,557 | 127,600 | 101,561 |
| Debtors | 1,735,000 | 1,296,000 | 923,000 | -1,000 | 605,000 | 318,000 | -199,637 | 702,315 | 187,113 | 121,496 | 162,011 | 480,702 |
| Creditors | 340,000 | 79,000 | -88,000 | -285,000 | 368,000 | -653,000 | -89,783 | -248,914 | -113,093 | 262,515 | 389,157 | 868,118 |
| Accruals and Deferred Income | -21,000 | 152,000 | -22,000 | -377,000 | -91,000 | 305,000 | -141,069 | 467,069 | ||||
| Deferred Taxes & Provisions | 31,000 | -20,000 | -1,000 | 5,000 | -1,000 | -8,000 | 13,400 | -5,010 | 16,610 | |||
| Cash flow from operations | -1,535,000 | -744,000 | -528,000 | -177,000 | -182,000 | -63,000 | -100,119 | -278,202 | ||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 175,000 | 317,000 | 920,000 | 579,000 | 60,000 | 13,000 | 378,593 | 132,407 | ||||
| Other Short Term Loans | -42,000 | 418,000 | -243,000 | -389,000 | 431,000 | 695,000 | -276 | 276 | ||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | 555,000 | -68,000 | 144,000 | -1,000 | -19,000 | -11,000 | -44,765 | 75,765 | ||||
| other long term liabilities | -84,917 | -36,771 | 121,688 | |||||||||
| share issue | ||||||||||||
| interest | -56,000 | -37,000 | -59,000 | -64,000 | -95,000 | -134,000 | -69,000 | -11,109 | ||||
| cash flow from financing | 632,000 | 630,000 | 762,000 | 125,000 | 377,000 | 563,000 | 265,145 | 112,422 | ||||
| cash and cash equivalents | ||||||||||||
| cash | 264,000 | -38,000 | 51,000 | -168,000 | 29,000 | 119,000 | -13,807 | 32,895 | -40,387 | 27,854 | -9,527 | 22,972 |
| overdraft | 2,090,000 | 80,000 | 152,000 | 52,000 | -377,000 | -62,405 | 209,042 | 56,578 | 173,785 | |||
| change in cash | -1,826,000 | -118,000 | -101,000 | -220,000 | 29,000 | 496,000 | 48,598 | -176,147 | -96,965 | -145,931 | -9,527 | 22,972 |
chinatool automotive systems limited Credit Report and Business Information
Chinatool Automotive Systems Limited Competitor Analysis
Perform a competitor analysis for chinatool automotive systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in PO15 area or any other competitors across 12 key performance metrics.
chinatool automotive systems limited Ownership
CHINATOOL AUTOMOTIVE SYSTEMS LIMITED group structure
Chinatool Automotive Systems Limited has no subsidiary companies.
Ultimate parent company
CHINA TOOL PROJECTS UK LTD
#0067599
2 parents
CHINATOOL AUTOMOTIVE SYSTEMS LIMITED
06870977
chinatool automotive systems limited directors
Chinatool Automotive Systems Limited currently has 2 directors. The longest serving directors include Ms Victoria Thomas (Sep 2010) and Mr Simon Phillips (Apr 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Victoria Thomas | United Kingdom | 60 years | Sep 2010 | - | Director |
| Mr Simon Phillips | England | 55 years | Apr 2023 | - | Director |
P&L
December 2021turnover
3.7m
+18%
operating profit
186k
+158%
gross margin
-18.4%
-400.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
910k
+0.12%
total assets
8.5m
+0.61%
cash
277k
+20.31%
net assets
Total assets minus all liabilities
chinatool automotive systems limited company details
company number
06870977
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
April 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
BDO LLP
address
1580 parkway, solent business park, fareham, hampshire, PO15 7AG
Bank
-
Legal Advisor
-
chinatool automotive systems 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 3 charges/mortgages relating to chinatool automotive systems limited. Currently there are 3 open charges and 0 have been satisfied in the past.
chinatool automotive systems 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.
Click to start generating capital raising & share issue transactions for CHINATOOL AUTOMOTIVE SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
chinatool automotive systems limited Companies House Filings - See Documents
| date | description | view/download |
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