Kelmec Limited

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kelmec limited Company Information

Live

EstablishedSmallHealthy

Company Number

08490877

Website

www.kelmec.co.uk

Registered Address

unit 1b chipchase court, seaham grange industrial estate, seaham, county durham, SR7 0PP

Industry

Repair of other equipment

Other personal service activities n.e.c.

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Telephone

01915263795

Next Accounts Due

December 2025

Group Structure

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Directors

Mark Killeen11 Years

Stacey Killeen11 Years

Shareholders

mark killeen 33.9%

connor killeen 27.8%

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kelmec limited Estimated Valuation

£835.4k

Pomanda estimates the enterprise value of KELMEC LIMITED at £835.4k based on a Turnover of £1.5m and 0.54x industry multiple (adjusted for size and gross margin).

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Kelmec Limited is a live company located in seaham, SR7 0PP with a Companies House number of 08490877. It operates in the repair of other equipment sector, SIC Code 33190. Founded in April 2013, it's largest shareholder is mark killeen with a 33.9% stake. Kelmec Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Kelmec Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8.5%)

EXPORT

Kelmec Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £13.7 thousand. According to their latest financial statements, Kelmec Limited has 13 employees and maintains cash reserves of £59 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	1,540,321	1,338,649	1,013,342	1,148,413	1,216,154	1,094,402	1,254,897	1,050,777	982,968	601,944	340,527
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,046,169	900,970	692,242	784,867	821,864	738,102	829,364	670,339	636,419	393,486	221,859
Gross Profit	494,152	437,679	321,101	363,546	394,290	356,300	425,533	380,438	346,549	208,458	118,668
Admin Expenses	490,607	357,694	319,125	332,238	388,187	350,439	419,717	376,364	344,072	208,478	118,686
Operating Profit	3,545	79,985	1,976	31,308	6,103	5,861	5,816	4,074	2,477	-20	-18
Interest Payable	37,909	22,236	16,703	13,117	6,104	5,864	5,867	4,158	2,598	0	0
Interest Receivable	645	547	0	0	1	3	51	85	121	20	18
Pre-Tax Profit	-33,720	58,296	-14,727	18,191	0	0	0	0	0	0	0
Tax	0	-11,076	0	-3,456	0	0	0	0	0	0	0
Profit After Tax	-33,720	47,220	-14,727	14,735	0	0	0	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,720	47,220	-14,727	14,735	0	0	0	0	0	0	0
Employee Costs	567,864	584,549	474,275	452,137	483,815	477,982	393,589	390,149	326,087	179,441	104,358
Number Of Employees	13	14	12	12	13	13	11	11	9	5	3
EBITDA*	63,921	128,384	41,373	31,308	20,502	18,893	35,850	36,218	33,643	23,831	19,520

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	306,321	224,567	197,563	183,146	43,197	39,096	51,443	57,433	50,694	32,555	19,610
Intangible Assets	0	0	0	0	0	0	0	13,000	26,000	39,000	52,000
Investments & Other	0	0	0	0	75	75	75	75	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	306,321	224,567	197,563	183,146	43,272	39,171	51,518	70,508	76,694	71,555	71,610
Stock & work in progress	480,015	72,101	13,000	34,300	21,400	28,300	23,750	28,172	34,261	22,795	10,062
Trade Debtors	120,204	159,834	124,279	187,650	180,399	157,321	257,190	188,289	179,198	118,597	65,035
Group Debtors	0	0	176,572	166,572	75,059	0	0	0	0	0	0
Misc Debtors	37,623	92,060	23,431	13,419	30,175	32,901	25,363	0	0	0	0
Cash	59	25,723	4	9	550	464	383	19,995	47,684	800	7,131
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	637,901	349,718	337,286	401,950	307,583	218,986	306,686	236,456	261,143	142,192	82,228
total assets	944,222	574,285	534,849	585,096	350,855	258,157	358,204	306,964	337,837	213,747	153,838
Bank overdraft	71,862	73,085	100,246	40,519	82,366	46,369	127,379	51,635	75,434	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	176,739	122,121	83,927	80,289	80,992	51,145	66,727	56,385	55,827	80,853	47,499
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	44,155	38,350	80,246	55,120	7,228	5,357	21,519	12,913	11,920	0	0
other current liabilities	76,804	52,632	78,466	86,328	88,853	72,401	72,458	68,585	65,129	0	0
total current liabilities	369,560	286,188	342,885	262,256	259,439	234,387	288,083	189,518	208,310	80,853	47,499
loans	402,143	142,173	118,367	235,783	71,396	0	0	1,500	4,500	0	0
hp & lease commitments	113,547	71,053	50,983	51,525	11,613	15,596	14,831	8,605	11,378	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	58,631	46,396	95,654	103,310	126,183	106,206
provisions	45,284	27,473	22,456	20,597	8,207	7,974	8,694	11,487	10,139	6,511	0
total long term liabilities	560,974	240,699	191,806	307,905	91,216	23,570	69,921	117,246	129,327	132,694	106,206
total liabilities	930,534	526,887	534,691	570,161	350,655	257,957	358,004	306,764	337,637	213,547	153,705
net assets	13,688	47,398	158	14,935	200	200	200	200	200	200	133
total shareholders funds	13,688	47,398	158	14,935	200	200	200	200	200	200	133

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	3,545	79,985	1,976	31,308	6,103	5,861	5,816	4,074	2,477	-20	-18
Depreciation	60,376	48,399	39,397	0	14,399	13,032	17,034	19,144	18,166	10,851	6,538
Amortisation	0	0	0	0	0	0	13,000	13,000	13,000	13,000	13,000
Tax	0	-11,076	0	-3,456	0	0	0	0	0	0	0
Stock	407,914	59,101	-21,300	12,900	-6,900	4,550	-4,422	-6,089	11,466	12,733	10,062
Debtors	-94,067	-72,388	-43,359	82,008	95,411	-92,331	94,264	9,091	60,601	53,562	65,035
Creditors	54,618	38,194	3,638	-703	29,847	-15,582	10,342	558	-25,026	33,354	47,499
Accruals and Deferred Income	24,172	-25,834	-7,862	-2,525	16,452	-57	3,873	3,456	65,129	0	0
Deferred Taxes & Provisions	17,811	5,017	1,859	12,390	233	-720	-2,793	1,348	3,628	6,511	0
Cash flow from operations	-153,325	147,972	103,667	-57,894	-21,477	90,315	-42,570	38,578	5,307	-2,599	-8,078
Investing Activities
capital expenditure	-142,130	-75,403	-53,814	-139,949	-18,500	-685	-11,044	-25,883	-36,305	-23,796	-91,148
Change in Investments	0	0	0	-75	0	0	0	75	0	0	0
cash flow from investments	-142,130	-75,403	-53,814	-139,874	-18,500	-685	-11,044	-25,958	-36,305	-23,796	-91,148
Financing Activities
Bank loans	0	0	0	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	259,970	23,806	-117,416	164,387	71,396	0	-1,500	-3,000	4,500	0	0
Hire Purchase and Lease Commitments	48,299	-21,826	24,584	87,804	-2,112	-15,397	14,832	-1,780	23,298	0	0
other long term liabilities	0	0	0	0	-58,631	12,235	-49,258	-7,656	-22,873	19,977	106,206
share issue	10	20	-50	0	0	0	0	0	0	67	133
interest	-37,264	-21,689	-16,703	-13,117	-6,103	-5,861	-5,816	-4,073	-2,477	20	18
cash flow from financing	271,015	-19,689	-109,585	239,074	4,550	-9,023	-41,742	-16,509	2,448	20,064	106,357
cash and cash equivalents
cash	-25,664	25,719	-5	-541	86	81	-19,612	-27,689	46,884	-6,331	7,131
overdraft	-1,223	-27,161	59,727	-41,847	35,997	-81,010	75,744	-23,799	75,434	0	0
change in cash	-24,441	52,880	-59,732	41,306	-35,911	81,091	-95,356	-3,890	-28,550	-6,331	7,131

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for kelmec limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SR7 area or any other competitors across 12 key performance metrics.

KELMEC LIMITED group structure

Kelmec Limited has no subsidiary companies.

Ultimate parent company

KELMEC LIMITED

08490877

KELMEC LIMITED Shareholders

mark killeen	33.89%
connor killeen	27.78%
stacey killeen	27.22%
connor froud	5.56%
sarah brightwell	5.56%

Kelmec Limited currently has 2 directors. The longest serving directors include Mr Mark Killeen (Apr 2013) and Mrs Stacey Killeen (Apr 2013).

officer	country	age	start	end	role
Mr Mark Killeen	United Kingdom	45 years	Apr 2013	-	Director
Mrs Stacey Killeen	England	42 years	Apr 2013	-	Director

P&L

March 2024

turnover

1.5m

+15%

operating profit

3.5k

gross margin

32.1%

-1.88%

turnover

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

Balance Sheet

March 2024

net assets

13.7k

-0.71%

total assets

944.2k

+0.64%

cash

-1%

net assets

Total assets minus all liabilities

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company number

08490877

Type

Private limited with Share Capital

industry

33190 - Repair of other equipment

96090 - Other personal service activities n.e.c.

33200 - Installation of industrial machinery and equipment

incorporation date

April 2013

ultimate parent company

None

previous names

N/A

address

unit 1b chipchase court, seaham grange industrial estate, seaham, county durham, SR7 0PP

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 5 charges/mortgages relating to kelmec limited. Currently there are 2 open charges and 3 have been satisfied in the past.

kelmec limited Company Information

kelmec limited Estimated Valuation

kelmec limited Estimated Valuation

kelmec limited Estimated Valuation

Kelmec Limited Overview

Kelmec Limited Health Check

KELMEC LIMITED financials

kelmec limited Credit Report and Business Information

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kelmec limited Ownership

kelmec limited directors

kelmec limited company details

kelmec limited Charges & Mortgages

kelmec limited Companies House Filings - See Documents