Steel Wire Products Limited

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steel wire products limited Company Information

Live

EstablishedSmallHigh

Company Number

08120583

Website

https://steelwireproducts.co.uk

Registered Address

the marches old ross road, whitchurch, ross-on-wye, herefordshire, HR9 6DD

Industry

Management consultancy activities (other than financial management)

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Angela Crofts12 Years

Neil Crofts12 Years

Shareholders

angela crofts 50%

neil crofts 50%

steel wire products limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of STEEL WIRE PRODUCTS LIMITED at £2.9m based on Net Assets of £1.1m and 2.67x industry multiple (adjusted for liquidity).

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Steel Wire Products Limited is a live company located in ross-on-wye, HR9 6DD with a Companies House number of 08120583. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in June 2012, it's largest shareholder is angela crofts with a 50% stake. Steel Wire Products Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with high growth in recent years.

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Pomanda's financial health check has awarded Steel Wire Products Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £1.8m, make it larger than the average company (£298.6k)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.6%)

EXPORT

Steel Wire Products Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of £1.1 million. According to their latest financial statements, Steel Wire Products Limited has 2 employees and maintains cash reserves of £899.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	1,818,445	2,268,587	1,720,648	951,494	989,917	1,040,682	547,375	65,298	101,385	241,090	34,548
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	816,626	1,018,038	747,859	402,071	384,950	380,607	185,694	23,156	37,299	84,284	11,027
Gross Profit	1,001,819	1,250,549	972,789	549,423	604,967	660,075	361,680	42,143	64,086	156,806	23,522
Admin Expenses	788,024	800,786	927,733	378,466	413,167	571,117	335,407	-18,437	723	159,606	19,905
Operating Profit	213,795	449,763	45,056	170,957	191,800	88,958	26,273	60,580	63,363	-2,800	3,617
Interest Payable	3,817	3,108	1,525	0	0	0	0	0	0	0	0
Interest Receivable	31,588	4,082	425	248	676	81	153	608	476	284	110
Pre-Tax Profit	241,565	450,737	43,956	171,205	192,475	89,040	26,426	61,188	63,839	-2,516	3,726
Tax	-45,897	-85,640	-8,352	-32,529	-36,570	-16,918	-5,285	-12,237	-13,406	0	-894
Profit After Tax	195,668	365,097	35,604	138,676	155,905	72,122	21,141	48,950	50,433	-2,516	2,832
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	195,668	365,097	35,604	138,676	155,905	72,122	21,141	48,950	50,433	-2,516	2,832
Employee Costs	80,669	78,788	71,425	109,045	138,687	128,885	89,027	49,194	49,498	100,815	50,219
Number Of Employees	2	2	2	3	3	3	2	1	1	2	1
EBITDA*	218,799	457,159	58,200	181,181	198,610	88,958	26,273	60,889	63,649	-2,535	3,674

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	19,646	8,639	16,035	13,929	23,604	109	278	496	316	602	488
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	19,646	8,639	16,035	13,929	23,604	109	278	496	316	602	488
Stock & work in progress	377,792	554,711	239,284	158,036	164,976	85,885	0	0	0	0	0
Trade Debtors	477,900	649,297	455,771	278,948	287,104	345,629	149,341	7,379	4,392	0	310
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	216,630	184,140	80,233	81,179	111,853	4,671	0	0	0	0	0
Cash	899,746	586,750	501,866	347,447	147,754	32,451	0	122,440	120,578	69,824	43,803
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,972,068	1,974,898	1,277,154	865,610	711,687	468,636	149,341	129,819	124,970	69,824	44,113
total assets	1,991,714	1,983,537	1,293,189	879,539	735,291	468,745	149,619	130,315	125,286	70,426	44,601
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,228	10,103	8,333	0	0	0	0	0	0	0	0
Trade Creditors	438,002	500,363	475,048	128,752	147,593	46,614	28,779	30,614	74,535	70,108	41,767
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	437,409	552,833	244,992	263,242	238,829	229,167	0	0	0	0	0
total current liabilities	885,639	1,063,299	728,373	391,994	386,422	275,781	28,779	30,614	74,535	70,108	41,767
loans	22,161	31,992	41,667	0	0	0	0	0	0	0	0
hp & lease commitments	0	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	22,161	31,992	41,667	0	0	0	0	0	0	0	0
total liabilities	907,800	1,095,291	770,040	391,994	386,422	275,781	28,779	30,614	74,535	70,108	41,767
net assets	1,083,914	888,246	523,149	487,545	348,869	192,964	120,840	99,701	50,751	318	2,834
total shareholders funds	1,083,914	888,246	523,149	487,545	348,869	192,964	120,840	99,701	50,751	318	2,834

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	213,795	449,763	45,056	170,957	191,800	88,958	26,273	60,580	63,363	-2,800	3,617
Depreciation	5,004	7,396	13,144	10,224	6,810	0	0	309	286	265	57
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-45,897	-85,640	-8,352	-32,529	-36,570	-16,918	-5,285	-12,237	-13,406	0	-894
Stock	-176,919	315,427	81,248	-6,940	79,091	85,885	0	0	0	0	0
Debtors	-138,907	297,433	175,877	-38,830	48,657	200,959	141,962	2,987	4,392	-310	310
Creditors	-62,361	25,315	346,296	-18,841	100,979	17,835	-1,835	-43,921	4,427	28,341	41,767
Accruals and Deferred Income	-115,424	307,841	-18,250	24,413	9,662	229,167	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	310,943	91,815	120,769	199,994	144,933	32,198	-122,809	1,744	50,278	26,116	44,237
Investing Activities
capital expenditure	-16,011	0	-15,250	-549	-30,305	169	218	-489	0	-379	-545
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-16,011	0	-15,250	-549	-30,305	169	218	-489	0	-379	-545
Financing Activities
Bank loans	125	1,770	8,333	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,831	-9,675	41,667	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	2	-2	0	0	0	2
interest	27,771	974	-1,100	248	676	81	153	608	476	284	110
cash flow from financing	18,065	-6,931	48,900	248	676	83	151	608	476	284	112
cash and cash equivalents
cash	312,996	84,884	154,419	199,693	115,303	32,451	-122,440	1,862	50,754	26,021	43,803
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	312,996	84,884	154,419	199,693	115,303	32,451	-122,440	1,862	50,754	26,021	43,803

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STEEL WIRE PRODUCTS LIMITED group structure

Steel Wire Products Limited has no subsidiary companies.

Ultimate parent company

STEEL WIRE PRODUCTS LIMITED

08120583

STEEL WIRE PRODUCTS LIMITED Shareholders

angela crofts	50%
neil crofts	50%

Steel Wire Products Limited currently has 2 directors. The longest serving directors include Mrs Angela Crofts (Jun 2012) and Mr Neil Crofts (Jun 2012).

officer	country	age	start	end	role
Mrs Angela Crofts	United Kingdom	59 years	Jun 2012	-	Director
Mr Neil Crofts	Great Britain	58 years	Jun 2012	-	Director

P&L

March 2023

turnover

1.8m

-20%

operating profit

213.8k

gross margin

55.1%

-0.06%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.22%

total assets

cash

899.7k

+0.53%

net assets

Total assets minus all liabilities

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company number

08120583

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

June 2012

ultimate parent company

None

previous names

N/A

address

the marches old ross road, whitchurch, ross-on-wye, herefordshire, HR9 6DD

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 steel wire products limited.

steel wire products limited Company Information

steel wire products limited Estimated Valuation

steel wire products limited Estimated Valuation

steel wire products limited Estimated Valuation

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