smartway pw. holdings limited
smartway pw. holdings limited Company Information
Company Number
08363500
Next Accounts
50 days late
Shareholders
bhanumati patel
kirti patel
Group Structure
View All
Industry
Activities of head offices
Registered Address
the old mill 9 soar lane, leicester, leicestershire, LE3 5DE
smartway pw. holdings limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTWAY PW. HOLDINGS LIMITED at £117.6m based on a Turnover of £152m and 0.77x industry multiple (adjusted for size and gross margin).
smartway pw. holdings limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTWAY PW. HOLDINGS LIMITED at £74.5m based on an EBITDA of £12.5m and a 5.95x industry multiple (adjusted for size and gross margin).
smartway pw. holdings limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTWAY PW. HOLDINGS LIMITED at £195.3m based on Net Assets of £91.2m and 2.14x industry multiple (adjusted for liquidity).
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Smartway Pw. Holdings Limited Overview
Smartway Pw. Holdings Limited is a live company located in leicestershire, LE3 5DE with a Companies House number of 08363500. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2013, it's largest shareholder is bhanumati patel with a 50% stake. Smartway Pw. Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £152m with declining growth in recent years.
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Smartway Pw. Holdings Limited Health Check
Pomanda's financial health check has awarded Smartway Pw. Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £152m, make it larger than the average company (£18.9m)
£152m - Smartway Pw. Holdings Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.7%)
-4% - Smartway Pw. Holdings Limited
4.7% - Industry AVG
Production
with a gross margin of 12.6%, this company has a higher cost of product (33.1%)
12.6% - Smartway Pw. Holdings Limited
33.1% - Industry AVG
Profitability
an operating margin of 8.1% make it more profitable than the average company (6%)
8.1% - Smartway Pw. Holdings Limited
6% - Industry AVG
Employees
with 97 employees, this is similar to the industry average (110)
97 - Smartway Pw. Holdings Limited
110 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has a lower pay structure (£46.5k)
£35.3k - Smartway Pw. Holdings Limited
£46.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£192.9k)
£1.6m - Smartway Pw. Holdings Limited
£192.9k - Industry AVG
Debtor Days
it gets paid by customers after 134 days, this is later than average (46 days)
134 days - Smartway Pw. Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (44 days)
15 days - Smartway Pw. Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is in line with average (49 days)
52 days - Smartway Pw. Holdings Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (17 weeks)
22 weeks - Smartway Pw. Holdings Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.7%, this is a lower level of debt than the average (56.5%)
13.7% - Smartway Pw. Holdings Limited
56.5% - Industry AVG
SMARTWAY PW. HOLDINGS LIMITED financials
Smartway Pw. Holdings Limited's latest turnover from March 2023 is £152 million and the company has net assets of £91.2 million. According to their latest financial statements, Smartway Pw. Holdings Limited has 97 employees and maintains cash reserves of £6.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 152,047,722 | 137,738,341 | 198,063,324 | 171,727,881 | 236,176,833 | 211,812,744 | 177,666,272 | 120,711,863 | 186,977,067 | 338,898,418 | 247,429,967 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 132,941,576 | 127,425,284 | 185,965,625 | 158,693,081 | 209,848,299 | 189,257,466 | 160,343,862 | 110,864,932 | 177,579,318 | 326,718,163 | 238,016,559 |
| Gross Profit | 19,106,146 | 10,313,057 | 12,097,699 | 13,034,800 | 26,328,534 | 22,555,278 | 17,322,410 | 9,846,931 | 9,397,749 | 12,180,255 | 9,413,408 |
| Admin Expenses | 6,793,262 | 5,600,860 | 2,873,137 | 7,252,360 | 5,105,207 | 6,417,534 | 5,006,007 | 2,741,860 | 1,916,980 | 4,775,574 | 1,466,875 |
| Operating Profit | 12,312,884 | 4,712,197 | 9,224,562 | 5,782,440 | 21,223,327 | 16,137,744 | 12,316,403 | 7,105,071 | 7,480,769 | 7,404,681 | 7,946,533 |
| Interest Payable | 1,015 | 335 | 111 | 0 | 1,190 | 50 | 4,900 | 0 | 4 | 68 | 0 |
| Interest Receivable | 233,602 | 413,609 | 350,569 | 49,258 | 154,974 | 89,043 | 451,299 | 311,237 | 123,669 | 466,927 | 70,304 |
| Pre-Tax Profit | 12,545,471 | 5,125,471 | 9,575,020 | 9,902,360 | 21,377,111 | 16,226,737 | 12,762,802 | 7,416,308 | 3,890,513 | 7,871,540 | 8,016,837 |
| Tax | -2,420,270 | -966,736 | -1,832,580 | -1,177,053 | -3,985,998 | -3,527,107 | -2,893,712 | -1,694,868 | -1,178,447 | -728,438 | -127,502 |
| Profit After Tax | 10,125,201 | 4,158,735 | 7,742,440 | 8,725,307 | 17,391,113 | 12,699,630 | 9,869,090 | 5,721,440 | 2,712,066 | 7,143,102 | 7,889,335 |
| Dividends Paid | 30,000 | 0 | 3,334,000 | 0 | 0 | 0 | 0 | 21,600,000 | 0 | 0 | 0 |
| Retained Profit | 10,078,306 | 4,158,735 | 4,408,440 | 8,725,307 | 17,391,113 | 12,699,630 | 9,869,090 | -15,878,560 | 2,712,066 | 7,143,102 | 7,889,335 |
| Employee Costs | 3,426,826 | 2,851,151 | 3,075,547 | 2,314,178 | 3,096,086 | 3,626,855 | 1,709,871 | 1,339,474 | 1,389,952 | 1,782,671 | 1,102,572 |
| Number Of Employees | 97 | 81 | 86 | 69 | 80 | 76 | 57 | 48 | 47 | 50 | 47 |
| EBITDA* | 12,530,920 | 4,833,226 | 9,312,011 | 5,854,660 | 21,553,541 | 17,232,439 | 13,403,098 | 8,158,569 | 8,314,864 | 8,192,667 | 7,958,002 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 446,954 | 285,630 | 249,612 | 247,664 | 356,300 | 404,940 | 303,060 | 211,670 | 240,385 | 172,779 | 43,733 |
| Intangible Assets | 414,651 | 287,976 | 149,301 | 1 | 239,999 | 486,938 | 1,491,192 | 2,495,446 | 2,299,700 | 3,029,260 | 0 |
| Investments & Other | 310,151 | 800,151 | 151 | 2 | 3 | 3 | 3 | 3 | 3 | 4,413,924 | 0 |
| Debtors (Due After 1 year) | 3,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,510,951 |
| Total Fixed Assets | 4,671,756 | 1,373,757 | 399,064 | 247,667 | 596,302 | 891,881 | 1,794,255 | 2,707,119 | 2,540,088 | 7,615,963 | 3,554,684 |
| Stock & work in progress | 18,953,936 | 11,332,287 | 10,516,239 | 6,450,687 | 4,676,644 | 6,678,767 | 4,580,577 | 3,782,867 | 2,152,801 | 2,516,822 | 2,137,837 |
| Trade Debtors | 55,908,302 | 44,244,653 | 31,755,710 | 27,462,934 | 24,429,932 | 25,382,675 | 24,816,995 | 15,070,147 | 18,817,762 | 20,728,186 | 14,194,215 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,874,423 | 24,436,351 | 24,602,343 | 22,168,261 | 13,072,088 | 12,325,310 | 13,250,828 | 10,496,573 | 5,119,139 | 7,328,804 | 5,919,266 |
| Cash | 6,206,562 | 8,881,295 | 14,677,885 | 23,623,265 | 27,077,569 | 15,705,166 | 13,615,705 | 19,922,843 | 18,312,179 | 12,819,157 | 13,714,718 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 100,943,223 | 88,894,586 | 81,552,177 | 79,705,147 | 69,256,233 | 60,091,918 | 56,264,105 | 49,272,430 | 44,401,881 | 43,392,969 | 35,966,036 |
| total assets | 105,614,979 | 90,268,343 | 81,951,241 | 79,952,814 | 69,852,535 | 60,983,799 | 58,058,360 | 51,979,549 | 46,941,969 | 51,008,932 | 39,520,720 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,476,793 | 2,368,413 | 3,310,739 | 5,891,129 | 2,425,088 | 1,505,200 | 7,939,163 | 5,450,554 | 6,061,729 | 9,718,606 | 8,851,524 |
| Group/Directors Accounts | 4,278,049 | 5,628,139 | 98,393 | 104,293 | 1,553,151 | 10,159,651 | 13,702,546 | 20,855,830 | 0 | 0 | 23,217 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 9,599 | 9,599 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,601,483 | 1,098,739 | 1,011,582 | 835,305 | 1,463,331 | 2,296,001 | 2,086,115 | 1,230,545 | 556,707 | 3,686,896 | 185,653 |
| total current liabilities | 14,365,924 | 9,104,890 | 4,420,714 | 6,830,727 | 5,441,570 | 13,960,852 | 23,727,824 | 27,536,929 | 6,618,436 | 13,405,502 | 9,060,394 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 45,577 | 55,176 | 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 | 14,185 | 17,280 | 24,510 | 5,684 | 8,037 | 0 | 0 |
| total long term liabilities | 45,577 | 55,176 | 0 | 0 | 14,185 | 17,280 | 24,510 | 5,684 | 8,037 | 0 | 0 |
| total liabilities | 14,411,501 | 9,160,066 | 4,420,714 | 6,830,727 | 5,455,755 | 13,978,132 | 23,752,334 | 27,542,613 | 6,626,473 | 13,405,502 | 9,060,394 |
| net assets | 91,186,583 | 81,108,277 | 77,530,527 | 73,122,087 | 64,396,780 | 47,005,667 | 34,306,026 | 24,436,936 | 40,315,496 | 37,603,430 | 30,460,326 |
| total shareholders funds | 91,186,583 | 81,108,277 | 77,530,527 | 73,122,087 | 64,396,780 | 47,005,667 | 34,306,026 | 24,436,936 | 40,315,496 | 37,603,430 | 30,460,326 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 12,312,884 | 4,712,197 | 9,224,562 | 5,782,440 | 21,223,327 | 16,137,744 | 12,316,403 | 7,105,071 | 7,480,769 | 7,404,681 | 7,946,533 |
| Depreciation | 84,711 | 39,704 | 50,124 | 45,283 | 84,275 | 90,441 | 82,441 | 49,244 | 69,841 | 31,921 | 11,469 |
| Amortisation | 133,325 | 81,325 | 37,325 | 26,937 | 245,939 | 1,004,254 | 1,004,254 | 1,004,254 | 764,254 | 756,065 | 0 |
| Tax | -2,420,270 | -966,736 | -1,832,580 | -1,177,053 | -3,985,998 | -3,527,107 | -2,893,712 | -1,694,868 | -1,178,447 | -728,438 | -127,502 |
| Stock | 7,621,649 | 816,048 | 4,065,552 | 1,774,043 | -2,002,123 | 2,098,190 | 797,710 | 1,630,066 | -364,021 | 2,516,822 | 2,137,837 |
| Debtors | 10,601,721 | 12,322,951 | 6,726,858 | 12,129,175 | -205,965 | -359,838 | 12,501,103 | 1,629,819 | -4,120,089 | 28,056,990 | 23,624,432 |
| Creditors | 3,108,380 | -942,326 | -2,580,390 | 3,466,041 | 919,888 | -6,433,963 | 2,488,609 | -611,175 | -3,656,877 | 9,718,606 | 8,851,524 |
| Accruals and Deferred Income | 3,502,744 | 87,157 | 176,277 | -628,026 | -832,670 | 209,886 | 855,570 | 673,838 | -3,130,189 | 3,686,896 | 185,653 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -14,185 | -3,095 | -7,230 | 18,826 | -2,353 | 8,037 | 0 | 0 |
| Cash flow from operations | -1,501,596 | -10,127,678 | -5,717,092 | -6,401,781 | 19,859,754 | 5,735,673 | 573,578 | 3,264,126 | 4,841,498 | -9,704,081 | -8,894,592 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -35,635 | -192,321 | -173,832 | -1,220,529 | -172,141 | -4,148,764 | -639,113 |
| Change in Investments | -490,000 | 800,000 | 149 | -1 | 0 | 0 | 0 | 0 | -4,413,921 | 4,413,924 | 0 |
| cash flow from investments | 490,000 | -800,000 | -149 | 1 | -35,635 | -192,321 | -173,832 | -1,220,529 | 4,241,780 | -8,562,688 | -639,113 |
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,350,090 | 5,529,746 | -5,900 | -1,448,858 | -8,606,500 | -3,542,895 | -7,153,284 | 20,855,830 | 0 | 0 | 23,217 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -9,599 | 64,775 | 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 | |||||||||||
| interest | 232,587 | 413,274 | 350,458 | 49,258 | 153,784 | 88,993 | 446,399 | 311,237 | 123,665 | 466,859 | 70,304 |
| cash flow from financing | -1,127,102 | 5,426,810 | 344,558 | -1,399,600 | -8,452,716 | -3,453,891 | -6,706,885 | 21,167,067 | 123,665 | 30,927,187 | 22,664,512 |
| cash and cash equivalents | |||||||||||
| cash | -2,674,733 | -5,796,590 | -8,945,380 | -3,454,304 | 11,372,403 | 2,089,461 | -6,307,138 | 1,610,664 | 5,493,022 | 12,819,157 | 13,714,718 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,674,733 | -5,796,590 | -8,945,380 | -3,454,304 | 11,372,403 | 2,089,461 | -6,307,138 | 1,610,664 | 5,493,022 | 12,819,157 | 13,714,718 |
smartway pw. holdings limited Credit Report and Business Information
Smartway Pw. Holdings Limited Competitor Analysis
Perform a competitor analysis for smartway pw. holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in LE3 area or any other competitors across 12 key performance metrics.
smartway pw. holdings limited Ownership
SMARTWAY PW. HOLDINGS LIMITED group structure
Smartway Pw. Holdings Limited has 10 subsidiary companies.
Ultimate parent company
SMARTWAY PW. HOLDINGS LIMITED
08363500
10 subsidiaries
smartway pw. holdings limited directors
Smartway Pw. Holdings Limited currently has 2 directors. The longest serving directors include Mrs Kirti Patel (Jan 2013) and Ms Bhanumati Patel (Jan 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Kirti Patel | United Kingdom | 56 years | Jan 2013 | - | Director |
| Ms Bhanumati Patel | United Kingdom | 85 years | Jan 2013 | - | Director |
P&L
March 2023turnover
152m
+10%
operating profit
12.3m
+161%
gross margin
12.6%
+67.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
91.2m
+0.12%
total assets
105.6m
+0.17%
cash
6.2m
-0.3%
net assets
Total assets minus all liabilities
Similar Companies
smartway pw. holdings limited company details
company number
08363500
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
VERSANT ASSOCIATES LLP
address
the old mill 9 soar lane, leicester, leicestershire, LE3 5DE
Bank
-
Legal Advisor
-
smartway pw. holdings 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 smartway pw. holdings limited.
smartway pw. holdings limited Capital Raised & Share Issues BETA
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smartway pw. holdings limited Companies House Filings - See Documents
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