kerect steel limited
kerect steel limited Company Information
Company Number
09236775
Website
-Registered Address
office g29, amber court, william armstrong drive, newcastle upon tyne, NE4 7YA
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
andrew lowther 41.7%
ian joyce 41.7%
View Allkerect steel limited Estimated Valuation
Pomanda estimates the enterprise value of KERECT STEEL LIMITED at £467.5k based on a Turnover of £842.2k and 0.56x industry multiple (adjusted for size and gross margin).
kerect steel limited Estimated Valuation
Pomanda estimates the enterprise value of KERECT STEEL LIMITED at £568.2k based on an EBITDA of £135.3k and a 4.2x industry multiple (adjusted for size and gross margin).
kerect steel limited Estimated Valuation
Pomanda estimates the enterprise value of KERECT STEEL LIMITED at £210.9k based on Net Assets of £91.2k and 2.31x industry multiple (adjusted for liquidity).
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Kerect Steel Limited Overview
Kerect Steel Limited is a live company located in newcastle upon tyne, NE4 7YA with a Companies House number of 09236775. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2014, it's largest shareholder is andrew lowther with a 41.7% stake. Kerect Steel Limited is a established, small sized company, Pomanda has estimated its turnover at £842.2k with declining growth in recent years.
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Kerect Steel Limited Health Check
Pomanda's financial health check has awarded Kerect Steel Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £842.2k, make it smaller than the average company (£3m)
- Kerect Steel Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4%)
- Kerect Steel Limited
4% - Industry AVG
Production
with a gross margin of 38.9%, this company has a comparable cost of product (38.9%)
- Kerect Steel Limited
38.9% - Industry AVG
Profitability
an operating margin of 11% make it more profitable than the average company (6.5%)
- Kerect Steel Limited
6.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (20)
8 - Kerect Steel Limited
20 - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Kerect Steel Limited
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £105.3k, this is less efficient (£136.8k)
- Kerect Steel Limited
£136.8k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (39 days)
- Kerect Steel Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (34 days)
- Kerect Steel Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Kerect Steel Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is average cash available to meet short term requirements (28 weeks)
24 weeks - Kerect Steel Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.2%, this is a higher level of debt than the average (60%)
70.2% - Kerect Steel Limited
60% - Industry AVG
kerect steel limited Credit Report and Business Information
Kerect Steel Limited Competitor Analysis
Perform a competitor analysis for kerect steel limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
kerect steel limited Ownership
KERECT STEEL LIMITED group structure
Kerect Steel Limited has no subsidiary companies.
Ultimate parent company
KERECT STEEL LIMITED
09236775
kerect steel limited directors
Kerect Steel Limited currently has 2 directors. The longest serving directors include Mr Andrew Lowther (Sep 2014) and Mr Ian Joyce (Sep 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Lowther | United Kingdom | 57 years | Sep 2014 | - | Director |
| Mr Ian Joyce | United Kingdom | 57 years | Sep 2014 | - | Director |
KERECT STEEL LIMITED financials
Kerect Steel Limited's latest turnover from March 2023 is estimated at £842.2 thousand and the company has net assets of £91.2 thousand. According to their latest financial statements, Kerect Steel Limited has 8 employees and maintains cash reserves of £73.1 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 8 | 8 | 4 | 4 | 2 | 2 | |||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,255 | 71,626 | 239,708 | 254,991 | 313,865 | 376,373 | 28,918 | 22,622 | 26,196 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 61,255 | 71,626 | 239,708 | 254,991 | 313,865 | 376,373 | 28,918 | 22,622 | 26,196 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 104,735 | 189,648 | 310,326 | 196,339 | 340,502 | 254,157 | 98,500 | 157,171 | 83,550 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 66,844 | 33,904 | 21,560 | 56,032 | 0 | 75,696 | 33,950 | 0 | 0 |
| Cash | 73,115 | 2,355 | 1,313 | 14,439 | 0 | 859 | 128,553 | 49,408 | 70,163 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 244,694 | 225,907 | 333,199 | 266,810 | 340,502 | 330,712 | 261,003 | 206,579 | 153,713 |
| total assets | 305,949 | 297,533 | 572,907 | 521,801 | 654,367 | 707,085 | 289,921 | 229,201 | 179,909 |
| Bank overdraft | 22,065 | 24,097 | 37,170 | 0 | 0 | 4,354 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 62,327 | 55,213 | 85,026 | 32,931 | 248,049 | 64,267 | 46,553 | 140,129 | 69,565 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 17,288 | 0 | 41,005 | 78,332 | 0 | 125,439 | 6,504 | 0 | 0 |
| other current liabilities | 54,791 | 84,157 | 157,316 | 156,468 | 0 | 117,836 | 93,075 | 0 | 0 |
| total current liabilities | 156,471 | 163,467 | 320,517 | 267,731 | 248,049 | 311,896 | 146,132 | 140,129 | 69,565 |
| loans | 38,798 | 81,829 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 19,506 | 30,116 | 113,187 | 158,455 | 0 | 216,138 | 8,269 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 217,525 | 0 | 0 | 13,298 | 23,664 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 58,304 | 111,945 | 213,187 | 158,455 | 217,525 | 216,138 | 8,269 | 13,298 | 23,664 |
| total liabilities | 214,775 | 275,412 | 533,704 | 426,186 | 465,574 | 528,034 | 154,401 | 153,427 | 93,229 |
| net assets | 91,174 | 22,121 | 39,203 | 95,615 | 188,793 | 179,051 | 135,520 | 75,774 | 86,680 |
| total shareholders funds | 91,174 | 22,121 | 39,203 | 95,615 | 188,793 | 179,051 | 135,520 | 75,774 | 86,680 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 43,067 | 16,370 | 70,559 | 72,289 | 41,625 | 6,672 | 5,776 | 1,603 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -51,973 | -108,334 | 79,515 | -88,131 | 10,649 | 197,403 | -24,721 | 73,621 | 83,550 |
| Creditors | 7,114 | -29,813 | 52,095 | -215,118 | 183,782 | 17,714 | -93,576 | 70,564 | 69,565 |
| Accruals and Deferred Income | -29,366 | -73,159 | 848 | 156,468 | -117,836 | 24,761 | 93,075 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -43,031 | -18,171 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 6,678 | -124,076 | -82,595 | 236,787 | -341,577 | 326,804 | 14,773 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -217,525 | 217,525 | 0 | -13,298 | -10,366 | 23,664 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 70,760 | 1,042 | -13,126 | 14,439 | -859 | -127,694 | 79,145 | -20,755 | 70,163 |
| overdraft | -2,032 | -13,073 | 37,170 | 0 | -4,354 | 4,354 | 0 | 0 | 0 |
| change in cash | 72,792 | 14,115 | -50,296 | 14,439 | 3,495 | -132,048 | 79,145 | -20,755 | 70,163 |
P&L
March 2023turnover
842.2k
-21%
operating profit
92.2k
0%
gross margin
38.9%
+1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
91.2k
+3.12%
total assets
305.9k
+0.03%
cash
73.1k
+30.05%
net assets
Total assets minus all liabilities
kerect steel limited company details
company number
09236775
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
office g29, amber court, william armstrong drive, newcastle upon tyne, NE4 7YA
last accounts submitted
March 2023
kerect steel 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 kerect steel limited.
kerect steel limited Companies House Filings - See Documents
| date | description | view/download |
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