ineos technologies (vinyls) limited Company Information
Company Number
07085219
Website
https://www.inovyn.comRegistered Address
bankes lane office bankes lane, runcorn, cheshire, WA7 4EL
Industry
Manufacture of other chemical products n.e.c.
Telephone
01928512587
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ineos vinyls ltd 100%
ineos technologies (vinyls) limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS TECHNOLOGIES (VINYLS) LIMITED at £445.8k based on a Turnover of £1.4m and 0.32x industry multiple (adjusted for size and gross margin).
ineos technologies (vinyls) limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS TECHNOLOGIES (VINYLS) LIMITED at £781.2k based on an EBITDA of £402.4k and a 1.94x industry multiple (adjusted for size and gross margin).
ineos technologies (vinyls) limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS TECHNOLOGIES (VINYLS) LIMITED at £5.5m based on Net Assets of £2.8m and 1.92x industry multiple (adjusted for liquidity).
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Ineos Technologies (vinyls) Limited Overview
Ineos Technologies (vinyls) Limited is a live company located in cheshire, WA7 4EL with a Companies House number of 07085219. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in November 2009, it's largest shareholder is ineos vinyls ltd with a 100% stake. Ineos Technologies (vinyls) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Ineos Technologies (vinyls) Limited Health Check
Pomanda's financial health check has awarded Ineos Technologies (Vinyls) Limited a 2 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
0 Regular
9 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£19.6m)
£1.4m - Ineos Technologies (vinyls) Limited
£19.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.5%)
-1% - Ineos Technologies (vinyls) Limited
4.5% - Industry AVG
Production
with a gross margin of 2.7%, this company has a higher cost of product (29.5%)
2.7% - Ineos Technologies (vinyls) Limited
29.5% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (6%)
2.6% - Ineos Technologies (vinyls) Limited
6% - Industry AVG
Employees
with 15 employees, this is below the industry average (54)
15 - Ineos Technologies (vinyls) Limited
54 - Industry AVG
Pay Structure
on an average salary of £86.3k, the company has a higher pay structure (£50.5k)
£86.3k - Ineos Technologies (vinyls) Limited
£50.5k - Industry AVG
Efficiency
resulting in sales per employee of £92.1k, this is less efficient (£332.8k)
£92.1k - Ineos Technologies (vinyls) Limited
£332.8k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (52 days)
69 days - Ineos Technologies (vinyls) Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (42 days)
3 days - Ineos Technologies (vinyls) Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ineos Technologies (vinyls) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (12 weeks)
54 weeks - Ineos Technologies (vinyls) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.7%, this is a lower level of debt than the average (41.4%)
17.7% - Ineos Technologies (vinyls) Limited
41.4% - Industry AVG
ineos technologies (vinyls) limited Credit Report and Business Information
Ineos Technologies (vinyls) Limited Competitor Analysis
Perform a competitor analysis for ineos technologies (vinyls) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ineos technologies (vinyls) limited Ownership
INEOS TECHNOLOGIES (VINYLS) LIMITED group structure
Ineos Technologies (Vinyls) Limited has no subsidiary companies.
Ultimate parent company
INEOS LTD
#0101593
2 parents
INEOS TECHNOLOGIES (VINYLS) LIMITED
07085219
ineos technologies (vinyls) limited directors
Ineos Technologies (Vinyls) Limited currently has 5 directors. The longest serving directors include Mr Anthony Moorcroft (Feb 2017) and Mr Luc Castin (Feb 2017).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Anthony Moorcroft | United Kingdom | 64 years | Feb 2017 | - | Director |
Mr Luc Castin | United Kingdom | 61 years | Feb 2017 | - | Director |
Mr David Horrocks | United Kingdom | 64 years | Mar 2021 | - | Director |
Mr Nigel Bouckley | United Kingdom | 57 years | Jul 2021 | - | Director |
Mr Paul Daniels | United Kingdom | 57 years | Jan 2022 | - | Director |
INEOS TECHNOLOGIES (VINYLS) LIMITED financials
Ineos Technologies (Vinyls) Limited's latest turnover from December 2022 is £1.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Ineos Technologies (Vinyls) Limited has 15 employees and maintains cash reserves of £566.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,381,220 | 774,556 | 1,158,574 | 1,419,937 | 4,568,737 | 5,743,941 | 3,294,849 | 2,628,956 | 1,784,887 | 1,296,569 | 3,582,693 | 10,345,557 | 15,229,693 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 1,344,007 | 312,419 | 929,300 | 841,066 | 3,365,956 | 4,605,396 | 2,288,632 | 1,527,175 | 1,202,554 | 521,294 | 2,570,727 | 8,725,100 | 7,899,829 |
Gross Profit | 37,213 | 462,138 | 229,274 | 578,871 | 1,202,781 | 1,138,546 | 1,006,217 | 1,101,781 | 582,334 | 775,275 | 1,011,966 | 1,620,457 | 7,329,864 |
Admin Expenses | 865 | 661,186 | 477,727 | 887,886 | 1,126,864 | -340,192 | -287,744 | -764,049 | -191,538 | 45,604 | -920,834 | 717,945 | 5,937,068 |
Operating Profit | 36,348 | -199,048 | -248,453 | -309,015 | 75,917 | 1,478,738 | 1,293,961 | 1,865,830 | 773,872 | 729,671 | 1,932,800 | 902,512 | 1,392,796 |
Interest Payable | 33,752 | 14,712 | 36,614 | 26,390 | 22,867 | 91,449 | 82,593 | 176,248 | 160,668 | 44,903 | 87,963 | 187,007 | 393,528 |
Interest Receivable | 28,559 | 97,793 | 0 | 59,589 | 0 | 0 | 0 | 0 | 0 | 1,403 | 0 | 0 | 0 |
Pre-Tax Profit | 31,155 | -115,967 | -285,067 | -275,815 | 119,821 | 1,224,508 | 1,228,242 | 1,774,476 | 613,204 | 686,171 | 1,844,837 | 715,505 | 999,268 |
Tax | -399,827 | 295,976 | 284,195 | -84,277 | 198,482 | -108,825 | -307,282 | -824,029 | -505,858 | -538,834 | -858,230 | -620,376 | -715,505 |
Profit After Tax | -368,672 | 180,009 | -872 | -360,092 | 318,302 | 1,115,684 | 920,959 | 950,448 | 107,346 | 147,337 | 986,607 | 95,130 | 283,763 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -368,672 | 180,009 | -872 | -360,092 | 318,302 | 1,115,684 | 920,959 | 950,448 | 107,346 | 147,337 | 986,607 | 95,130 | 283,763 |
Employee Costs | 1,293,812 | 1,168,325 | 1,154,215 | 1,181,578 | 1,404,006 | 1,481,481 | 1,619,005 | 2,158,346 | 1,659,300 | 1,396,197 | 1,142,721 | 1,261,891 | 1,233,434 |
Number Of Employees | 15 | 16 | 16 | 17 | 20 | 19 | 19 | 20 | 21 | 21 | 22 | 21 | 22 |
EBITDA* | 402,423 | 174,816 | 73,228 | 89,385 | 279,887 | 3,647,005 | 3,387,211 | 3,966,042 | 2,299,866 | 2,254,963 | 3,652,429 | 2,660,379 | 2,884,787 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 2,155,777 | 1,606,231 | 1,012,118 | 957,691 | 1,080,216 | 1,116,598 | 1,215,808 | 1,350,927 | 1,041,885 | 94,716 | 272,604 | 98,381 | 813 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,915,631 | 3,980,806 | 4,540,097 | 6,054,164 | 8,547,428 | 10,523,620 | 12,276,608 |
Investments & Other | 177,412 | 823,885 | 287,681 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 1,379,489 | 0 | 0 | 26,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,155,776 | 1,606,231 | 1,012,117 | 931,301 | 1,080,215 | 1,116,598 | 3,131,439 | 5,331,734 | 5,581,983 | 6,148,881 | 8,820,033 | 10,622,002 | 12,277,421 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,540,776 |
Trade Debtors | 264,820 | 0 | 0 | 9,364 | 1,305,223 | 578,875 | 1,804,618 | 651,472 | 296,078 | 464,464 | 2,546,161 | 2,235,954 | 2,283,112 |
Group Debtors | 397,230 | 2,924,275 | 2,538,575 | 5,397,122 | 4,266,898 | 3,714,677 | 2,111,012 | 1,394,297 | 942,959 | 12,979,723 | 14,037,562 | 8,374,664 | 4,373,526 |
Misc Debtors | 75,292 | 45,002 | 50,562 | 83,425 | 846,977 | 2,105,166 | 786,856 | 1,280,797 | 456,745 | 286,255 | 184,642 | 1,693,633 | 794,373 |
Cash | 566,854 | 349,632 | 550,082 | 234,953 | 1,483,581 | 2,283,493 | 1,396,092 | 1,210,667 | 1,047,499 | 788,606 | 2,124,574 | 3,534,434 | 3,215,709 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,304,197 | 3,318,910 | 3,139,221 | 5,724,866 | 7,902,680 | 8,682,213 | 6,098,579 | 4,537,234 | 2,743,282 | 14,519,049 | 18,892,939 | 15,838,686 | 12,207,497 |
total assets | 3,459,973 | 4,925,141 | 4,151,338 | 6,656,167 | 8,982,895 | 9,798,811 | 9,230,018 | 9,868,967 | 8,325,265 | 20,667,930 | 27,712,972 | 26,460,688 | 24,484,917 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 12,981 | 5,193 | 1,744 | 0 | 106,101 | 4,572 | 7,993 | 0 | 21,048 | 159,265 | 127,585 | 12,196 | 1,161,883 |
Group/Directors Accounts | 0 | 1 | 0 | 0 | 1 | 4,695,930 | 4,728,242 | 4,719,018 | 3,623,097 | 3,033,046 | 4,452,017 | 2,470,120 | 759,411 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 205,971 | 212,029 | 78,458 | 153,230 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 317,611 | 471,656 | 389,677 | 3,014,385 | 4,431,536 | 744,398 | 760,213 | 665,313 | 538,132 | 474,286 | 3,738,806 | 2,866,899 | 2,307,504 |
total current liabilities | 536,564 | 688,879 | 469,881 | 3,167,617 | 4,537,638 | 5,444,902 | 5,496,448 | 5,384,331 | 4,182,277 | 3,666,597 | 8,318,409 | 5,349,215 | 4,228,799 |
loans | 91,734 | 342,708 | 80,202 | 0 | 0 | 0 | 0 | 1,375,842 | 2,174,980 | 15,145,583 | 17,483,160 | 19,472,314 | 18,718,595 |
hp & lease commitments | 45,867 | 171,354 | 40,101 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 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 |
provisions | 58,848 | 373,864 | 109,842 | 401,804 | 1,479,922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 75,292 | 358,286 | 95,022 | 200,902 | 739,961 | 943,759 | 3,375,666 | 3,611,701 | 3,915,667 | 16,419,000 | 18,481,655 | 20,558,582 | 19,650,378 |
total liabilities | 611,856 | 1,047,165 | 564,903 | 3,368,519 | 5,277,599 | 6,388,660 | 8,872,114 | 8,996,032 | 8,097,944 | 20,085,596 | 26,800,063 | 25,907,797 | 23,879,177 |
net assets | 2,848,117 | 3,877,975 | 3,586,435 | 3,287,648 | 3,705,296 | 3,410,151 | 357,904 | 872,935 | 227,321 | 582,334 | 912,909 | 552,890 | 605,740 |
total shareholders funds | 2,848,118 | 3,877,975 | 3,586,435 | 3,287,648 | 3,705,296 | 3,410,151 | 357,904 | 872,935 | 227,321 | 582,334 | 912,909 | 552,890 | 605,740 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | 36,348 | -199,048 | -248,453 | -309,015 | 75,917 | 1,478,738 | 1,293,961 | 1,865,830 | 773,872 | 729,671 | 1,932,800 | 902,512 | 1,392,796 |
Depreciation | 366,075 | 373,864 | 321,681 | 398,400 | 203,970 | 195,702 | 177,620 | 109,809 | 11,927 | 11,927 | 10,302 | 4,878 | 813 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 1,972,565 | 1,915,630 | 1,990,403 | 1,514,067 | 1,513,365 | 1,709,327 | 1,752,988 | 1,491,178 |
Tax | -399,827 | 295,976 | 284,195 | -84,277 | 198,482 | -108,825 | -307,282 | -824,029 | -505,858 | -538,834 | -858,230 | -620,376 | -715,505 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,540,776 | 1,540,776 |
Debtors | -852,445 | 380,140 | -2,927,164 | -902,797 | 20,379 | 1,696,233 | 1,375,920 | 1,630,783 | -12,034,659 | -3,037,923 | 4,464,113 | 4,853,240 | 7,451,012 |
Creditors | 7,789 | 3,449 | 1,744 | -106,101 | 101,528 | -3,420 | 7,993 | -21,048 | -138,217 | 31,679 | 115,389 | -1,149,687 | 1,161,883 |
Accruals and Deferred Income | -154,045 | 81,979 | -2,624,708 | -1,417,151 | 3,687,138 | -15,815 | 94,900 | 127,181 | 63,846 | -3,264,520 | 871,907 | 559,395 | 2,307,504 |
Deferred Taxes & Provisions | -315,016 | 264,022 | -291,962 | -1,078,118 | 1,479,922 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 393,769 | 440,102 | 369,661 | -1,693,465 | 5,726,578 | 1,822,712 | 1,806,902 | 1,617,363 | 13,754,296 | 1,521,211 | -682,618 | -1,862,754 | -3,353,119 |
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
Change in Investments | -646,473 | 536,204 | 287,681 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||
Financing Activities | |||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | -4,695,930 | -32,311 | 9,223 | 1,095,921 | 590,051 | -1,418,971 | 1,981,897 | 1,710,708 | 759,411 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -250,974 | 262,506 | 80,202 | 0 | 0 | 0 | -1,375,842 | -799,138 | -12,970,603 | -2,337,577 | -1,989,154 | 753,719 | 18,718,595 |
Hire Purchase and Lease Commitments | -131,545 | 264,824 | -34,671 | 153,230 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||
interest | -5,193 | 83,081 | -36,614 | 33,199 | -22,867 | -91,449 | -82,593 | -176,248 | -160,668 | -43,500 | -87,963 | -187,007 | -393,528 |
cash flow from financing | -1,048,897 | 721,942 | 308,576 | 128,873 | -4,741,954 | 1,812,803 | -2,885,202 | -184,298 | -13,003,579 | -4,277,961 | -721,808 | 2,129,440 | 19,406,455 |
cash and cash equivalents | |||||||||||||
cash | 217,222 | -200,450 | 315,129 | -1,248,628 | -799,912 | 887,401 | 185,425 | 163,168 | 258,893 | -1,335,968 | -1,409,860 | 318,725 | 3,215,709 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 217,222 | -200,450 | 315,129 | -1,248,628 | -799,912 | 887,401 | 185,425 | 163,168 | 258,893 | -1,335,968 | -1,409,860 | 318,725 | 3,215,709 |
P&L
December 2022turnover
1.4m
+78%
operating profit
36.3k
-118%
gross margin
2.7%
-95.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.8m
-0.27%
total assets
3.5m
-0.3%
cash
566.9k
+0.62%
net assets
Total assets minus all liabilities
ineos technologies (vinyls) limited company details
company number
07085219
Type
Private limited with Share Capital
industry
20590 - Manufacture of other chemical products n.e.c.
incorporation date
November 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
bankes lane office bankes lane, runcorn, cheshire, WA7 4EL
last accounts submitted
December 2022
ineos technologies (vinyls) 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 ineos technologies (vinyls) limited.
ineos technologies (vinyls) limited Companies House Filings - See Documents
date | description | view/download |
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