platinum precision sheet metal limited
platinum precision sheet metal limited Company Information
Company Number
08584756
Next Accounts
Dec 2025
Shareholders
platinum stairlifts limited
Group Structure
View All
Industry
Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Registered Address
unit 10 the crossings, crosshils businenss park, crosshills, keighley, west yorkshire, BD20 7BW
Website
www.platinumstairlifts.complatinum precision sheet metal limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM PRECISION SHEET METAL LIMITED at £295.9k based on a Turnover of £1.7m and 0.17x industry multiple (adjusted for size and gross margin).
platinum precision sheet metal limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM PRECISION SHEET METAL LIMITED at £0 based on an EBITDA of £-321.8k and a 1.51x industry multiple (adjusted for size and gross margin).
platinum precision sheet metal limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM PRECISION SHEET METAL LIMITED at £0 based on Net Assets of £-687.1k and 2x industry multiple (adjusted for liquidity).
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Platinum Precision Sheet Metal Limited Overview
Platinum Precision Sheet Metal Limited is a live company located in crosshills, keighley, BD20 7BW with a Companies House number of 08584756. It operates in the forging, pressing, stamping and roll-forming of metal sector, SIC Code 25500. Founded in June 2013, it's largest shareholder is platinum stairlifts limited with a 100% stake. Platinum Precision Sheet Metal Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with high growth in recent years.
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Platinum Precision Sheet Metal Limited Health Check
Pomanda's financial health check has awarded Platinum Precision Sheet Metal Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£16m)
£1.7m - Platinum Precision Sheet Metal Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (9.7%)
16% - Platinum Precision Sheet Metal Limited
9.7% - Industry AVG
Production
with a gross margin of -2.1%, this company has a higher cost of product (16.3%)
-2.1% - Platinum Precision Sheet Metal Limited
16.3% - Industry AVG
Profitability
an operating margin of -19.8% make it less profitable than the average company (4%)
-19.8% - Platinum Precision Sheet Metal Limited
4% - Industry AVG
Employees
with 18 employees, this is below the industry average (106)
18 - Platinum Precision Sheet Metal Limited
106 - Industry AVG
Pay Structure
on an average salary of £37.1k, the company has an equivalent pay structure (£37.1k)
- Platinum Precision Sheet Metal Limited
£37.1k - Industry AVG
Efficiency
resulting in sales per employee of £95k, this is less efficient (£156.1k)
£95k - Platinum Precision Sheet Metal Limited
£156.1k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (58 days)
2 days - Platinum Precision Sheet Metal Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (57 days)
28 days - Platinum Precision Sheet Metal Limited
57 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (66 days)
48 days - Platinum Precision Sheet Metal Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (4 weeks)
1 weeks - Platinum Precision Sheet Metal Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 290.5%, this is a higher level of debt than the average (64.8%)
290.5% - Platinum Precision Sheet Metal Limited
64.8% - Industry AVG
PLATINUM PRECISION SHEET METAL LIMITED financials
Platinum Precision Sheet Metal Limited's latest turnover from March 2024 is £1.7 million and the company has net assets of -£687.1 thousand. According to their latest financial statements, Platinum Precision Sheet Metal Limited has 18 employees and maintains cash reserves of £33.5 thousand 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 | 1,709,892 | 1,444,422 | 1,250,178 | 1,097,941 | 1,209,563 | 1,335,399 | 1,678,102 | 1,564,698 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 1,745,589 | 1,507,359 | 1,087,206 | 845,214 | 848,866 | 1,042,791 | 1,297,288 | 605,175 | |||
| Gross Profit | -35,697 | -62,937 | 162,972 | 252,727 | 360,697 | 292,608 | 380,814 | 959,523 | |||
| Admin Expenses | 302,461 | 285,854 | 334,459 | 303,817 | 351,870 | 401,612 | 208,926 | 764,644 | |||
| Operating Profit | -338,158 | -348,791 | -171,487 | -51,090 | 8,827 | -109,004 | 171,888 | 194,879 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 230 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | -338,158 | -348,791 | -171,487 | -51,090 | 8,597 | -109,004 | 171,888 | 194,879 | |||
| Tax | 0 | 14,149 | 0 | 0 | 0 | 91 | -28,662 | -38,183 | |||
| Profit After Tax | -338,158 | -334,642 | -171,487 | -51,090 | 8,597 | -108,913 | 143,226 | 156,696 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -338,158 | -334,642 | -171,487 | -51,090 | 8,597 | -108,913 | 143,226 | 156,696 | |||
| Employee Costs | |||||||||||
| Number Of Employees | 18 | 19 | 19 | 16 | 17 | 18 | 19 | 22 | 15 | ||
| EBITDA* | -321,790 | -334,455 | -160,368 | -39,787 | 21,860 | -96,692 | 181,638 | 210,341 |
* 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 | 35,701 | 31,002 | 30,376 | 15,082 | 22,051 | 22,030 | 23,043 | 19,314 | 22,427 | 33,316 | 46,018 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,850 |
| 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 | 35,701 | 31,002 | 30,376 | 15,082 | 22,051 | 22,030 | 23,043 | 19,314 | 22,427 | 33,316 | 50,868 |
| Stock & work in progress | 234,088 | 276,038 | 207,919 | 122,971 | 132,040 | 110,778 | 106,495 | 103,909 | 38,611 | 26,657 | 33,190 |
| Trade Debtors | 10,651 | 15,160 | 14,426 | 11,515 | 7,088 | 40,061 | 319,918 | 281,467 | 101,090 | 139,785 | 125,345 |
| Group Debtors | 0 | 0 | 0 | 71,209 | 25,124 | 0 | 0 | 32,744 | 165,992 | 0 | 0 |
| Misc Debtors | 46,825 | 58,157 | 34,631 | 47,569 | 33,222 | 59,710 | 81,272 | 23,910 | 70,871 | 0 | 0 |
| Cash | 33,452 | 189,515 | 42,264 | 74,108 | 200,862 | 213,458 | 153,730 | 87,769 | 46,629 | 5,814 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 325,016 | 538,870 | 299,240 | 327,372 | 398,336 | 424,007 | 661,415 | 529,799 | 423,193 | 172,256 | 158,535 |
| total assets | 360,717 | 569,872 | 329,616 | 342,454 | 420,387 | 446,037 | 684,458 | 549,113 | 445,620 | 205,572 | 209,403 |
| 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 | 138,148 | 305,471 | 85,607 | 66,593 | 120,216 | 103,775 | 197,812 | 150,602 | 98,251 | 207,236 | 247,046 |
| Group/Directors Accounts | 801,555 | 514,727 | 139,145 | 0 | 0 | 22,495 | 8,601 | 25,335 | 112,849 | 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 | 33,654 | 24,156 | 44,704 | 44,214 | 17,434 | 45,627 | 94,992 | 133,349 | 151,389 | 0 | 0 |
| total current liabilities | 973,357 | 844,354 | 269,456 | 110,807 | 137,650 | 171,897 | 301,405 | 309,286 | 362,489 | 207,236 | 247,046 |
| loans | 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 |
| 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 | 74,470 | 74,470 | 74,470 | 74,470 | 74,470 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 74,470 | 74,470 | 74,470 | 74,470 | 74,470 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,047,827 | 918,824 | 343,926 | 185,277 | 212,120 | 171,897 | 301,405 | 309,286 | 362,489 | 207,236 | 247,046 |
| net assets | -687,110 | -348,952 | -14,310 | 157,177 | 208,267 | 274,140 | 383,053 | 239,827 | 83,131 | -1,664 | -37,643 |
| total shareholders funds | -687,110 | -348,952 | -14,310 | 157,177 | 208,267 | 274,140 | 383,053 | 239,827 | 83,131 | -1,664 | -37,643 |
| 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 | -338,158 | -348,791 | -171,487 | -51,090 | 8,827 | -109,004 | 171,888 | 194,879 | |||
| Depreciation | 16,368 | 14,336 | 11,119 | 11,303 | 13,033 | 12,312 | 9,750 | 15,462 | 21,990 | 15,298 | 13,105 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,850 | 4,850 |
| Tax | 0 | 14,149 | 0 | 0 | 0 | 91 | -28,662 | -38,183 | |||
| Stock | -41,950 | 68,119 | 84,948 | -9,069 | 21,262 | 4,283 | 2,586 | 65,298 | 11,954 | -6,533 | 33,190 |
| Debtors | -15,841 | 24,260 | -81,236 | 64,859 | -34,337 | -301,419 | 63,069 | 168 | 198,168 | 14,440 | 125,345 |
| Creditors | -167,323 | 219,864 | 19,014 | -53,623 | 16,441 | -94,037 | 47,210 | 52,351 | -108,985 | -39,810 | 247,046 |
| Accruals and Deferred Income | 9,498 | -20,548 | 490 | 26,780 | -28,193 | -49,365 | -38,357 | -18,040 | 151,389 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 74,470 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -421,824 | -213,369 | -144,576 | -122,420 | 97,653 | 57,133 | 96,174 | 141,003 | |||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 286,828 | 375,582 | 139,145 | 0 | -22,495 | 13,894 | -16,734 | -87,514 | 112,849 | 0 | 0 |
| 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 | 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 | |||||||||||
| interest | 0 | 0 | 0 | 0 | -230 | 0 | 0 | 0 | |||
| cash flow from financing | 286,828 | 375,582 | 139,145 | 0 | -97,195 | 13,894 | -16,734 | -87,514 | |||
| cash and cash equivalents | |||||||||||
| cash | -156,063 | 147,251 | -31,844 | -126,754 | -12,596 | 59,728 | 65,961 | 41,140 | 40,815 | 5,814 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -156,063 | 147,251 | -31,844 | -126,754 | -12,596 | 59,728 | 65,961 | 41,140 | 40,815 | 5,814 | 0 |
platinum precision sheet metal limited Credit Report and Business Information
Platinum Precision Sheet Metal Limited Competitor Analysis
Perform a competitor analysis for platinum precision sheet metal limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BD20 area or any other competitors across 12 key performance metrics.
platinum precision sheet metal limited Ownership
PLATINUM PRECISION SHEET METAL LIMITED group structure
Platinum Precision Sheet Metal Limited has no subsidiary companies.
Ultimate parent company
2 parents
PLATINUM PRECISION SHEET METAL LIMITED
08584756
platinum precision sheet metal limited directors
Platinum Precision Sheet Metal Limited currently has 5 directors. The longest serving directors include Mr Timothy Frear (Mar 2014) and Mr Michael Rees (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Frear | England | 54 years | Mar 2014 | - | Director |
| Mr Michael Rees | 51 years | Feb 2018 | - | Director | |
| Mr Mark McNulty | 50 years | Feb 2018 | - | Director | |
| Mr Clive Briscoe | 63 years | Jan 2020 | - | Director | |
| Mr Alastair Mitchell | 63 years | May 2023 | - | Director |
P&L
March 2024turnover
1.7m
+18%
operating profit
-338.2k
-3%
gross margin
-2%
-52.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-687.1k
+0.97%
total assets
360.7k
-0.37%
cash
33.5k
-0.82%
net assets
Total assets minus all liabilities
platinum precision sheet metal limited company details
company number
08584756
Type
Private limited with Share Capital
industry
25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
incorporation date
June 2013
age
12
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
axis fabrications limited (March 2014)
accountant
BHP LLP
auditor
-
address
unit 10 the crossings, crosshils businenss park, crosshills, keighley, west yorkshire, BD20 7BW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
platinum precision sheet metal 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 5 charges/mortgages relating to platinum precision sheet metal limited. Currently there are 3 open charges and 2 have been satisfied in the past.
platinum precision sheet metal 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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platinum precision sheet metal limited Companies House Filings - See Documents
| date | description | view/download |
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