andrews fasteners limited
andrews fasteners limited Company Information
Company Number
09350180
Next Accounts
Sep 2025
Industry
Manufacture of fasteners and screw machine products
Shareholders
philip hill
Group Structure
View All
Contact
Registered Address
unit 8 latchmore park, latchmore road, leeds, LS12 6DN
Website
http://andrewsfasteners.ukandrews fasteners limited Estimated Valuation
Pomanda estimates the enterprise value of ANDREWS FASTENERS LIMITED at £1m based on a Turnover of £1.9m and 0.56x industry multiple (adjusted for size and gross margin).
andrews fasteners limited Estimated Valuation
Pomanda estimates the enterprise value of ANDREWS FASTENERS LIMITED at £0 based on an EBITDA of £-11.6k and a 4.07x industry multiple (adjusted for size and gross margin).
andrews fasteners limited Estimated Valuation
Pomanda estimates the enterprise value of ANDREWS FASTENERS LIMITED at £0 based on Net Assets of £-420k and 1.91x industry multiple (adjusted for liquidity).
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Andrews Fasteners Limited Overview
Andrews Fasteners Limited is a live company located in leeds, LS12 6DN with a Companies House number of 09350180. It operates in the manufacture of fasteners and screw machine products sector, SIC Code 25940. Founded in December 2014, it's largest shareholder is philip hill with a 100% stake. Andrews Fasteners Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.
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Andrews Fasteners Limited Health Check
Pomanda's financial health check has awarded Andrews Fasteners Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£15.7m)
- Andrews Fasteners Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (8.8%)
- Andrews Fasteners Limited
8.8% - Industry AVG
Production
with a gross margin of 35.3%, this company has a comparable cost of product (35.3%)
- Andrews Fasteners Limited
35.3% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (11.3%)
- Andrews Fasteners Limited
11.3% - Industry AVG
Employees
with 13 employees, this is below the industry average (87)
13 - Andrews Fasteners Limited
87 - Industry AVG
Pay Structure
on an average salary of £42.8k, the company has an equivalent pay structure (£42.8k)
- Andrews Fasteners Limited
£42.8k - Industry AVG
Efficiency
resulting in sales per employee of £143k, this is less efficient (£198.9k)
- Andrews Fasteners Limited
£198.9k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (54 days)
- Andrews Fasteners Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (31 days)
- Andrews Fasteners Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 169 days, this is more than average (136 days)
- Andrews Fasteners Limited
136 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (6 weeks)
3 weeks - Andrews Fasteners Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 143.4%, this is a higher level of debt than the average (36.6%)
143.4% - Andrews Fasteners Limited
36.6% - Industry AVG
ANDREWS FASTENERS LIMITED financials
Andrews Fasteners Limited's latest turnover from December 2023 is estimated at £1.9 million and the company has net assets of -£420 thousand. According to their latest financial statements, Andrews Fasteners Limited has 13 employees and maintains cash reserves of £34.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 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 | 13 | 15 | 15 | 15 | 15 | 13 | 16 | 14 | 20 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 31,157 | 39,262 | 28,237 | 41,676 | 55,117 | 58,294 | 67,449 | 47,475 | 51,317 |
| Intangible Assets | 0 | 10,000 | 20,000 | 30,000 | 40,000 | 50,000 | 60,000 | 70,000 | 80,000 |
| 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 | 31,157 | 49,262 | 48,237 | 71,676 | 95,117 | 108,294 | 127,449 | 117,475 | 131,317 |
| Stock & work in progress | 558,990 | 782,903 | 900,142 | 710,102 | 721,670 | 722,335 | 645,213 | 565,660 | 892,235 |
| Trade Debtors | 296,347 | 464,018 | 664,018 | 572,176 | 581,493 | 707,665 | 491,659 | 521,433 | 694,273 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 45,636 | 112,889 | 92,687 | 109,270 | 106,382 | 65,505 | 100,602 | 123,011 | 58,580 |
| Cash | 34,822 | 174 | 54 | 316 | 230 | 10,068 | 5,102 | 28,580 | 20,257 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 935,795 | 1,359,984 | 1,656,901 | 1,391,864 | 1,409,775 | 1,505,573 | 1,242,576 | 1,238,684 | 1,665,345 |
| total assets | 966,952 | 1,409,246 | 1,705,138 | 1,463,540 | 1,504,892 | 1,613,867 | 1,370,025 | 1,356,159 | 1,796,662 |
| Bank overdraft | 0 | 8,978 | 42,926 | 3,125 | 7,124 | 0 | 9,576 | 2,636 | 0 |
| Bank loan | 10,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 196,111 | 872,273 | 825,032 | 843,086 | 731,648 | 676,799 | 399,786 | 290,043 | 235,976 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 256,742 | 665,784 | 0 | 0 | 726,041 | 823,806 | 665,024 | 651,470 | 0 |
| hp & lease commitments | 0 | 0 | 2,942 | 5,432 | 5,432 | 5,432 | 5,432 | 0 | 0 |
| other current liabilities | 69,160 | 112,917 | 879,549 | 650,750 | 76,413 | 52,670 | 113,636 | 133,594 | 1,242,902 |
| total current liabilities | 532,013 | 1,664,952 | 1,750,449 | 1,502,393 | 1,546,658 | 1,558,707 | 1,193,454 | 1,077,743 | 1,478,878 |
| loans | 849,000 | 30,000 | 40,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 2,942 | 8,373 | 13,805 | 19,237 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 16,931 | 52,358 | 170,148 | 301,436 | 272,600 |
| provisions | 5,920 | 2,809 | 3,051 | 5,048 | 7,031 | 6,879 | 8,272 | 3,175 | 2,250 |
| total long term liabilities | 854,920 | 32,809 | 43,051 | 57,990 | 32,335 | 73,042 | 197,657 | 304,611 | 274,850 |
| total liabilities | 1,386,933 | 1,697,761 | 1,793,500 | 1,560,383 | 1,578,993 | 1,631,749 | 1,391,111 | 1,382,354 | 1,753,728 |
| net assets | -419,981 | -288,515 | -88,362 | -96,843 | -74,101 | -17,882 | -21,086 | -26,195 | 42,934 |
| total shareholders funds | -419,981 | -288,515 | -88,362 | -96,843 | -74,101 | -17,882 | -21,086 | -26,195 | 42,934 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 8,105 | 10,976 | 13,439 | 13,441 | 9,588 | 9,155 | 8,627 | 6,470 | 17,106 |
| Amortisation | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 20,000 |
| Tax | |||||||||
| Stock | -223,913 | -117,239 | 190,040 | -11,568 | -665 | 77,122 | 79,553 | -326,575 | 892,235 |
| Debtors | -234,924 | -179,798 | 75,259 | -6,429 | -85,295 | 180,909 | -52,183 | -108,409 | 752,853 |
| Creditors | -676,162 | 47,241 | -18,054 | 111,438 | 54,849 | 277,013 | 109,743 | 54,067 | 235,976 |
| Accruals and Deferred Income | -43,757 | -766,632 | 228,799 | 574,337 | 23,743 | -60,966 | -19,958 | -1,109,308 | 1,242,902 |
| Deferred Taxes & Provisions | 3,111 | -242 | -1,997 | -1,983 | 152 | -1,393 | 5,097 | 925 | 2,250 |
| 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 | 5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -409,042 | 665,784 | 0 | -726,041 | -97,765 | 158,782 | 13,554 | 651,470 | 0 |
| Long term loans | 819,000 | -10,000 | -10,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -2,942 | -5,432 | -5,431 | -5,432 | -5,432 | 24,669 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -16,931 | -35,427 | -117,790 | -131,288 | 28,836 | 272,600 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 34,648 | 120 | -262 | 86 | -9,838 | 4,966 | -23,478 | 8,323 | 20,257 |
| overdraft | -8,978 | -33,948 | 39,801 | -3,999 | 7,124 | -9,576 | 6,940 | 2,636 | 0 |
| change in cash | 43,626 | 34,068 | -40,063 | 4,085 | -16,962 | 14,542 | -30,418 | 5,687 | 20,257 |
andrews fasteners limited Credit Report and Business Information
Andrews Fasteners Limited Competitor Analysis
Perform a competitor analysis for andrews fasteners limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LS12 area or any other competitors across 12 key performance metrics.
andrews fasteners limited Ownership
ANDREWS FASTENERS LIMITED group structure
Andrews Fasteners Limited has no subsidiary companies.
Ultimate parent company
ANDREWS FASTENERS LIMITED
09350180
andrews fasteners limited directors
Andrews Fasteners Limited currently has 2 directors. The longest serving directors include Mr Michael Carey (Dec 2023) and Mr Philip Hill (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Carey | England | 50 years | Dec 2023 | - | Director |
| Mr Philip Hill | 62 years | Dec 2023 | - | Director |
P&L
December 2023turnover
1.9m
-42%
operating profit
-29.7k
0%
gross margin
35.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-420k
+0.46%
total assets
967k
-0.31%
cash
34.8k
+199.13%
net assets
Total assets minus all liabilities
Similar Companies
andrews fasteners limited company details
company number
09350180
Type
Private limited with Share Capital
industry
25940 - Manufacture of fasteners and screw machine products
incorporation date
December 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
afc products limited (January 2015)
accountant
THORNTONS ACCOUNTING LIMITED
auditor
-
address
unit 8 latchmore park, latchmore road, leeds, LS12 6DN
Bank
-
Legal Advisor
-
andrews fasteners 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 andrews fasteners limited. Currently there are 0 open charges and 5 have been satisfied in the past.
andrews fasteners 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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andrews fasteners limited Companies House Filings - See Documents
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