axalta coating systems west bromwich uk limited
axalta coating systems west bromwich uk limited Company Information
Company Number
07997189
Registered Address
acs west bromwich uk limited, whessoe road, darlington, DL3 0XH
Industry
Manufacture of paints, varnishes and similar coatings, mastics and sealants
Telephone
01215255665
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
the independent coatings group ltd 100%
axalta coating systems west bromwich uk limited Estimated Valuation
Pomanda estimates the enterprise value of AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED at £14.7k based on a Turnover of £10.5k and 1.4x industry multiple (adjusted for size and gross margin).
axalta coating systems west bromwich uk limited Estimated Valuation
Pomanda estimates the enterprise value of AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED at £0 based on an EBITDA of £-749.1k and a 9.73x industry multiple (adjusted for size and gross margin).
axalta coating systems west bromwich uk limited Estimated Valuation
Pomanda estimates the enterprise value of AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED at £5.4m based on Net Assets of £2.4m and 2.27x industry multiple (adjusted for liquidity).
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Axalta Coating Systems West Bromwich Uk Limited Overview
Axalta Coating Systems West Bromwich Uk Limited is a live company located in darlington, DL3 0XH with a Companies House number of 07997189. It operates in the manufacture of paints, varnishes and similar coatings, mastics and sealants sector, SIC Code 20301. Founded in March 2012, it's largest shareholder is the independent coatings group ltd with a 100% stake. Axalta Coating Systems West Bromwich Uk Limited is a established, micro sized company, Pomanda has estimated its turnover at £10.5k with declining growth in recent years.
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Axalta Coating Systems West Bromwich Uk Limited Health Check
Pomanda's financial health check has awarded Axalta Coating Systems West Bromwich Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £10.5k, make it smaller than the average company (£21.5m)
£10.5k - Axalta Coating Systems West Bromwich Uk Limited
£21.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -89%, show it is growing at a slower rate (2.1%)
-89% - Axalta Coating Systems West Bromwich Uk Limited
2.1% - Industry AVG
Production
with a gross margin of 115.7%, this company has a lower cost of product (29.3%)
115.7% - Axalta Coating Systems West Bromwich Uk Limited
29.3% - Industry AVG
Profitability
an operating margin of -7296.1% make it less profitable than the average company (5.2%)
-7296.1% - Axalta Coating Systems West Bromwich Uk Limited
5.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (80)
3 - Axalta Coating Systems West Bromwich Uk Limited
80 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- Axalta Coating Systems West Bromwich Uk Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £3.5k, this is less efficient (£262.3k)
£3.5k - Axalta Coating Systems West Bromwich Uk Limited
£262.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Axalta Coating Systems West Bromwich Uk Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Axalta Coating Systems West Bromwich Uk Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Axalta Coating Systems West Bromwich Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 85 weeks, this is more cash available to meet short term requirements (5 weeks)
85 weeks - Axalta Coating Systems West Bromwich Uk Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.7%, this is a higher level of debt than the average (42.1%)
60.7% - Axalta Coating Systems West Bromwich Uk Limited
42.1% - Industry AVG
axalta coating systems west bromwich uk limited Credit Report and Business Information
Axalta Coating Systems West Bromwich Uk Limited Competitor Analysis
Perform a competitor analysis for axalta coating systems west bromwich uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
axalta coating systems west bromwich uk limited Ownership
AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED group structure
Axalta Coating Systems West Bromwich Uk Limited has no subsidiary companies.
Ultimate parent company
AXALTA COATING SYSTEMS LTD
#0081123
2 parents
AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED
07997189
axalta coating systems west bromwich uk limited directors
Axalta Coating Systems West Bromwich Uk Limited currently has 3 directors. The longest serving directors include Mr James Blenkinsopp (Jun 2017) and Mr Richard Joyce (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Blenkinsopp | United Kingdom | 66 years | Jun 2017 | - | Director |
| Mr Richard Joyce | England | 58 years | Oct 2018 | - | Director |
| Mr Farrell Dolan | United Kingdom | 54 years | Jun 2019 | - | Director |
AXALTA COATING SYSTEMS WEST BROMWICH UK LIMITED financials
Axalta Coating Systems West Bromwich Uk Limited's latest turnover from December 2022 is £10.5 thousand and the company has net assets of £2.4 million. According to their latest financial statements, Axalta Coating Systems West Bromwich Uk Limited has 3 employees and maintains cash reserves of £6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,531 | 8,356,581 | 8,417,274 | 8,637,314 | 8,596,668 | 10,021,800 | 9,786,720 | 11,991,737 | 8,019,764 | 6,872,779 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | -1,658 | 7,579,305 | 6,544,466 | 6,708,005 | 6,305,130 | 6,587,088 | 6,061,999 | 8,301,945 | 5,958,757 | 5,105,857 |
| Gross Profit | 12,189 | 777,276 | 1,872,808 | 1,929,309 | 2,291,538 | 3,434,712 | 3,724,721 | 3,689,792 | 2,061,007 | 1,766,922 |
| Admin Expenses | 780,546 | 2,432,325 | 1,690,654 | 1,578,550 | 2,321,383 | 1,883,637 | 2,950,521 | 1,889,811 | 1,286,908 | |
| Operating Profit | -768,357 | -1,655,049 | 182,154 | 350,759 | 1,113,329 | 1,841,084 | 739,271 | 171,196 | 480,014 | |
| Interest Payable | 0 | 0 | 473 | 0 | 0 | 17,600 | 36,473 | 17,933 | 23,363 | 31,004 |
| Interest Receivable | 17,089 | 0 | 0 | 0 | 0 | 0 | 15,223 | 8,302 | 8,073 | 9,390 |
| Pre-Tax Profit | -751,268 | -1,655,049 | 181,681 | 350,759 | 590,791 | 1,095,729 | 1,819,834 | 729,640 | 155,906 | 458,400 |
| Tax | -32,105 | 19,011 | 11,000 | -12,957 | -1,084 | 16,503 | 16,552 | 0 | 36,234 | -2,280 |
| Profit After Tax | -783,373 | -1,636,038 | 192,681 | 337,802 | 589,707 | 1,112,232 | 1,836,386 | 729,640 | 192,140 | 456,120 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 575,000 | 725,000 | 300,000 | 0 | 0 |
| Retained Profit | -783,373 | -1,636,038 | 192,681 | 337,802 | 589,707 | 537,232 | 1,111,386 | 429,640 | 192,140 | 456,120 |
| Employee Costs | 1,351,038 | 1,714,598 | 1,792,209 | 1,569,850 | 2,076,756 | 1,633,394 | 1,850,443 | 1,164,681 | 1,535,368 | |
| Number Of Employees | 3 | 34 | 57 | 57 | 51 | 53 | 55 | 46 | 46 | 46 |
| EBITDA* | -749,138 | -1,498,144 | 393,921 | 517,450 | 1,279,503 | 1,968,047 | 918,965 | 279,785 | 582,728 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 394,422 | 833,984 | 1,087,143 | 788,811 | 586,391 | 726,162 | 808,849 | 910,823 | 992,752 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 386,548 |
| Total Fixed Assets | 0 | 394,422 | 833,984 | 1,087,143 | 788,811 | 586,391 | 726,162 | 808,849 | 910,823 | 1,379,300 |
| Stock & work in progress | 0 | 52,243 | 1,446,622 | 1,394,734 | 1,369,423 | 1,240,220 | 1,259,309 | 950,248 | 739,950 | 795,883 |
| Trade Debtors | 0 | 19,110 | 1,566,669 | 1,512,430 | 1,769,092 | 1,229,511 | 1,667,346 | 1,657,317 | 751,446 | 564,227 |
| Group Debtors | 0 | 2,776,925 | 743,096 | 676,296 | 427,648 | 744,691 | 1,318,140 | 782,421 | 940,226 | 780,094 |
| Misc Debtors | 178 | 51,225 | 112,666 | 100,760 | 93,837 | 74,574 | 157,426 | 154,580 | 165,271 | 51,085 |
| Cash | 6,039,377 | 335,544 | 1,706,675 | 1,211,436 | 1,100,962 | 758,331 | 198,809 | 945,812 | 592,148 | 175,621 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,039,555 | 3,235,047 | 5,575,728 | 4,895,656 | 4,760,962 | 4,047,327 | 4,601,030 | 4,490,378 | 3,189,041 | 2,366,910 |
| total assets | 6,039,555 | 3,629,469 | 6,409,712 | 5,982,799 | 5,549,773 | 4,633,718 | 5,327,192 | 5,299,227 | 4,099,864 | 3,746,210 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 879,607 | 1,057,555 | 528,476 | 415,576 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 154,402 | 1,225,586 | 1,005,525 | 1,069,256 | 691,205 | 1,012,538 | 1,230,788 | 1,097,627 | 538,268 |
| Group/Directors Accounts | 3,645,154 | 0 | 40,272 | 84,561 | 0 | 90,043 | 0 | 599,136 | 581,013 | 988,468 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83,574 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 17,975 | 315,268 | 337,165 | 278,705 | 220,175 | 181,834 | 300,878 | 372,413 | 283,053 | 286,102 |
| total current liabilities | 3,663,129 | 469,670 | 1,603,023 | 1,368,791 | 1,289,431 | 963,082 | 2,193,023 | 3,259,892 | 2,490,169 | 2,311,988 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,667 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 21,833 | 32,447 | 33,312 | 50,410 | 78,054 | 110,344 | 0 | 0 |
| total long term liabilities | 0 | 0 | 21,833 | 32,447 | 33,312 | 50,410 | 78,054 | 110,344 | 0 | 16,667 |
| total liabilities | 3,663,129 | 469,670 | 1,624,856 | 1,401,238 | 1,322,743 | 1,013,492 | 2,271,077 | 3,370,236 | 2,490,169 | 2,328,655 |
| net assets | 2,376,426 | 3,159,799 | 4,784,856 | 4,581,561 | 4,227,030 | 3,620,226 | 3,056,115 | 1,928,991 | 1,609,695 | 1,417,555 |
| total shareholders funds | 2,376,426 | 3,159,799 | 4,784,856 | 4,581,561 | 4,227,030 | 3,620,226 | 3,056,115 | 1,928,991 | 1,609,695 | 1,417,555 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -768,357 | -1,655,049 | 182,154 | 350,759 | 1,113,329 | 1,841,084 | 739,271 | 171,196 | 480,014 | |
| Depreciation | 19,219 | 156,905 | 211,767 | 166,691 | 138,685 | 166,174 | 126,963 | 179,694 | 108,589 | 102,714 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -32,105 | 19,011 | 11,000 | -12,957 | -1,084 | 16,503 | 16,552 | 0 | 36,234 | -2,280 |
| Stock | -52,243 | -1,394,379 | 51,888 | 25,311 | 129,203 | -19,089 | 309,061 | 210,298 | -55,933 | 795,883 |
| Debtors | -2,847,082 | 424,829 | 132,945 | -1,091 | 241,801 | -1,094,136 | 548,594 | 737,375 | 74,989 | 1,781,954 |
| Creditors | -154,402 | -1,071,184 | 220,061 | -63,731 | 378,051 | -321,333 | -218,250 | 133,161 | 559,359 | 538,268 |
| Accruals and Deferred Income | -297,293 | -21,897 | 58,460 | 58,530 | 38,341 | -119,044 | -71,535 | 89,360 | -3,049 | 286,102 |
| Deferred Taxes & Provisions | 0 | -21,833 | -10,614 | -865 | -17,098 | -27,644 | -32,290 | 110,344 | 0 | 0 |
| Cash flow from operations | 1,666,387 | -1,624,497 | 487,995 | 474,207 | 1,941,210 | 804,869 | 304,157 | 853,273 | -1,173,019 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 3,645,154 | -40,272 | -44,289 | 84,561 | -90,043 | 90,043 | -599,136 | 18,123 | -407,455 | 988,468 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -83,574 | 83,574 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16,667 | 16,667 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 17,089 | 0 | -473 | 0 | 0 | -17,600 | -21,250 | -9,631 | -15,290 | -21,614 |
| cash flow from financing | 3,662,243 | -29,291 | -34,148 | 101,290 | -72,946 | 99,322 | -604,648 | -101,852 | -522,986 | 2,028,530 |
| cash and cash equivalents | ||||||||||
| cash | 5,703,833 | -1,371,131 | 495,239 | 110,474 | 342,631 | 559,522 | -747,003 | 353,664 | 416,527 | 175,621 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -879,607 | -177,948 | 529,079 | 112,900 | 415,576 |
| change in cash | 5,703,833 | -1,371,131 | 495,239 | 110,474 | 342,631 | 1,439,129 | -569,055 | -175,415 | 303,627 | -239,955 |
P&L
December 2022turnover
10.5k
-100%
operating profit
-768.4k
-54%
gross margin
115.8%
+1144.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.4m
-0.25%
total assets
6m
+0.66%
cash
6m
+17%
net assets
Total assets minus all liabilities
axalta coating systems west bromwich uk limited company details
company number
07997189
Type
Private limited with Share Capital
industry
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
incorporation date
March 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
protega paints limited (April 2018)
ensco 923 limited (April 2012)
incorporated
UK
address
acs west bromwich uk limited, whessoe road, darlington, DL3 0XH
last accounts submitted
December 2022
axalta coating systems west bromwich uk 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 axalta coating systems west bromwich uk limited. Currently there are 0 open charges and 4 have been satisfied in the past.
axalta coating systems west bromwich uk limited Companies House Filings - See Documents
| date | description | view/download |
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