clad-it limited

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clad-it limited Company Information

Share CLAD-IT LIMITED

Company Number

07641019

Shareholders

fletcher morrison holdings limited

Group Structure

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Industry

Manufacture of metal structures and parts of structures

 

Registered Address

4, salmon fields business village, oldham, OL2 6HT

clad-it limited Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of CLAD-IT LIMITED at £8.3m based on a Turnover of £14.6m and 0.57x industry multiple (adjusted for size and gross margin).

clad-it limited Estimated Valuation

£11.2m

Pomanda estimates the enterprise value of CLAD-IT LIMITED at £11.2m based on an EBITDA of £2.6m and a 4.26x industry multiple (adjusted for size and gross margin).

clad-it limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of CLAD-IT LIMITED at £6.6m based on Net Assets of £3.3m and 2x industry multiple (adjusted for liquidity).

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Clad-it Limited Overview

Clad-it Limited is a live company located in oldham, OL2 6HT with a Companies House number of 07641019. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in May 2011, it's largest shareholder is fletcher morrison holdings limited with a 100% stake. Clad-it Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.6m with rapid growth in recent years.

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Clad-it Limited Health Check

Pomanda's financial health check has awarded Clad-It Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £14.6m, make it in line with the average company (£13.6m)

£14.6m - Clad-it Limited

£13.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (12.9%)

65% - Clad-it Limited

12.9% - Industry AVG

production

Production

with a gross margin of 18.6%, this company has a higher cost of product (26.7%)

18.6% - Clad-it Limited

26.7% - Industry AVG

profitability

Profitability

an operating margin of 18% make it more profitable than the average company (5.5%)

18% - Clad-it Limited

5.5% - Industry AVG

employees

Employees

with 14 employees, this is below the industry average (79)

14 - Clad-it Limited

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)

£44.5k - Clad-it Limited

£44.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1m, this is more efficient (£171.8k)

£1m - Clad-it Limited

£171.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 136 days, this is later than average (59 days)

136 days - Clad-it Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 93 days, this is slower than average (49 days)

93 days - Clad-it Limited

49 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Clad-it Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Clad-it Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.1%, this is a similar level of debt than the average (50.9%)

49.1% - Clad-it Limited

50.9% - Industry AVG

CLAD-IT LIMITED financials

EXPORTms excel logo

Clad-It Limited's latest turnover from May 2024 is estimated at £14.6 million and the company has net assets of £3.3 million. According to their latest financial statements, Clad-It Limited has 14 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012
Turnover14,571,8846,356,8775,629,2523,229,3602,865,8972,967,2412,914,7612,704,554943,9061,342,858247,221272,990197,553
Other Income Or Grants0000000000000
Cost Of Sales11,867,2205,325,4844,763,7942,755,3292,409,7462,431,6052,392,5652,167,543743,7231,080,457199,231219,873160,983
Gross Profit2,704,6641,031,393865,458474,031456,151535,636522,196537,011200,183262,40047,99053,11636,569
Admin Expenses80,975-9,266555,490529,787882,91226,147332,224555,745185,366129,7255,85341,177-53,889
Operating Profit2,623,6891,040,659309,968-55,756-426,761509,489189,972-18,73414,817132,67542,13711,93990,458
Interest Payable0000000000000
Interest Receivable0000000482417219648
Pre-Tax Profit2,623,6891,040,659309,968-55,756-426,761509,489189,972-18,73014,825132,69942,30912,13590,507
Tax-655,922-260,165-58,89400-96,803-36,0950-2,965-26,540-8,885-2,791-21,722
Profit After Tax1,967,767780,494251,074-55,756-426,761412,686153,877-18,73011,860106,15933,4249,34468,785
Dividends Paid0000000000000
Retained Profit1,967,767780,494251,074-55,756-426,761412,686153,877-18,73011,860106,15933,4249,34468,785
Employee Costs622,997540,159386,514290,903300,041370,232316,361490,624164,551235,90164,43963,67863,295
Number Of Employees141310881091457222
EBITDA*2,623,6891,040,659309,968-55,756-426,761509,489189,972-18,73424,069141,71848,97320,70291,083

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012
Tangible Assets931,5711,007,48097,46177,60084,51298,579264,588231,831238,373128,19922,28227,7211,875
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets931,5711,007,48097,46177,60084,51298,579264,588231,831238,373128,19922,28227,7211,875
Stock & work in progress0000000084,267130,918101,69471,2020
Trade Debtors5,433,6682,345,7442,274,5411,314,8071,117,0321,289,2041,078,198762,591281,450403,77039,44024,90750,430
Group Debtors0000000000000
Misc Debtors107,41382,51133,29235,1472,5060000028,75838,28454,232
Cash000000003,06209,55159,09419,256
misc current assets000002,3642,30252500000
total current assets5,541,0812,428,2552,307,8331,349,9541,119,5381,291,5681,080,500763,116368,779534,688179,443193,487123,918
total assets6,472,6523,435,7352,405,2941,427,5541,204,0501,390,1471,345,088994,947607,152662,887201,725221,208125,793
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 3,047,7471,760,9011,636,159847,798570,128520,970852,820682,787266,731419,02872,720136,95456,631
Group/Directors Accounts0000000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities0000000000000
total current liabilities3,047,7471,760,9011,636,159847,798570,128520,970852,820682,787266,731419,02872,720136,95456,631
loans0000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income7,5004,50012,00033,5322,8502,7252,6502,20000000
other liabilities109,136329,832197,127237,290266,38275,001112,68593,455103,87618,25612,99400
provisions14,04614,04614,04614,04614,04614,04612,2145,6636,9717,8894,4566,123375
total long term liabilities130,682348,378223,173284,868283,27891,772127,549101,318110,84726,14517,4506,123375
total liabilities3,178,4292,109,2791,859,3321,132,666853,406612,742980,369784,105377,578445,17390,170143,07757,006
net assets3,294,2231,326,456545,962294,888350,644777,405364,719210,842229,574217,714111,55578,13168,787
total shareholders funds3,294,2231,326,456545,962294,888350,644777,405364,719210,842229,574217,714111,55578,13168,787
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012
Operating Activities
Operating Profit2,623,6891,040,659309,968-55,756-426,761509,489189,972-18,73414,817132,67542,13711,93990,458
Depreciation000000009,2529,0436,8368,763625
Amortisation0000000000000
Tax-655,922-260,165-58,89400-96,803-36,0950-2,965-26,540-8,885-2,791-21,722
Stock0000000-84,267-46,65129,22430,49271,2020
Debtors3,112,826120,422957,879230,416-169,666211,006315,607481,141-122,320335,5725,007-41,471104,662
Creditors1,286,846124,742788,361277,67049,158-331,850170,033416,056-152,297346,308-64,23480,32356,631
Accruals and Deferred Income3,000-7,500-21,53230,682125754502,20000000
Deferred Taxes & Provisions000001,8326,551-1,308-9183,433-1,6675,748375
Cash flow from operations144,787777,31460,02422,180-207,812-128,26315,3041,34036,860100,123-61,31274,25121,705
Investing Activities
capital expenditure75,909-910,019-19,8616,91214,067166,009-32,7576,542-119,426-114,960-1,397-34,609-2,500
Change in Investments0000000000000
cash flow from investments75,909-910,019-19,8616,91214,067166,009-32,7576,542-119,426-114,960-1,397-34,609-2,500
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000000000000
Other Short Term Loans 0000000000000
Long term loans0000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities-220,696132,705-40,163-29,092191,381-37,68419,230-10,42185,6205,26212,99400
share issue0000000-200002
interest0000000482417219648
cash flow from financing-220,696132,705-40,163-29,092191,381-37,68419,230-10,41985,6285,28613,16619650
cash and cash equivalents
cash0000000-3,0623,062-9,551-49,54339,83819,256
overdraft0000000000000
change in cash0000000-3,0623,062-9,551-49,54339,83819,256

clad-it 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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Clad-it Limited Competitor Analysis

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Perform a competitor analysis for clad-it limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in OL2 area or any other competitors across 12 key performance metrics.

clad-it limited Ownership

CLAD-IT LIMITED group structure

Clad-It Limited has no subsidiary companies.

Ultimate parent company

1 parent

CLAD-IT LIMITED

07641019

CLAD-IT LIMITED Shareholders

fletcher morrison holdings limited 100%

clad-it limited directors

Clad-It Limited currently has 2 directors. The longest serving directors include Mr Dean Fletcher (May 2011) and Mr Ian Morrison (May 2011).

officercountryagestartendrole
Mr Dean FletcherEngland41 years May 2011- Director
Mr Ian MorrisonUnited Kingdom46 years May 2011- Director

P&L

May 2024

turnover

14.6m

+129%

operating profit

2.6m

0%

gross margin

18.6%

+14.4%

turnover

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

Balance Sheet

May 2024

net assets

3.3m

+1.48%

total assets

6.5m

+0.88%

cash

0

0%

net assets

Total assets minus all liabilities

clad-it limited company details

company number

07641019

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

May 2011

age

14

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

May 2024

previous names

clad-it eco roofing solutions limited (December 2015)

accountant

-

auditor

-

address

4, salmon fields business village, oldham, OL2 6HT

Bank

-

Legal Advisor

-

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

clad-it 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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clad-it limited Companies House Filings - See Documents

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