elite tooling solutions limited
elite tooling solutions limited Company Information
Company Number
09521961
Next Accounts
461 days late
Industry
Machining
Other manufacturing n.e.c.
Shareholders
pexion limited
Group Structure
View All
Contact
Registered Address
1oth floor one marsden street, manchester, M2 1HW
elite tooling solutions limited Estimated Valuation
Pomanda estimates the enterprise value of ELITE TOOLING SOLUTIONS LIMITED at £186.3k based on a Turnover of £419.9k and 0.44x industry multiple (adjusted for size and gross margin).
elite tooling solutions limited Estimated Valuation
Pomanda estimates the enterprise value of ELITE TOOLING SOLUTIONS LIMITED at £54.4k based on an EBITDA of £16.8k and a 3.24x industry multiple (adjusted for size and gross margin).
elite tooling solutions limited Estimated Valuation
Pomanda estimates the enterprise value of ELITE TOOLING SOLUTIONS LIMITED at £334.6k based on Net Assets of £169.8k and 1.97x industry multiple (adjusted for liquidity).
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Elite Tooling Solutions Limited Overview
Elite Tooling Solutions Limited is a live company located in manchester, M2 1HW with a Companies House number of 09521961. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 2015, it's largest shareholder is pexion limited with a 100% stake. Elite Tooling Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £419.9k with declining growth in recent years.
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Elite Tooling Solutions Limited Health Check
Pomanda's financial health check has awarded Elite Tooling Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £419.9k, make it smaller than the average company (£10.6m)
- Elite Tooling Solutions Limited
£10.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (-0.8%)
- Elite Tooling Solutions Limited
-0.8% - Industry AVG
Production
with a gross margin of 18%, this company has a higher cost of product (28.2%)
- Elite Tooling Solutions Limited
28.2% - Industry AVG
Profitability
an operating margin of -2.3% make it less profitable than the average company (5.2%)
- Elite Tooling Solutions Limited
5.2% - Industry AVG
Employees
with 9 employees, this is below the industry average (72)
9 - Elite Tooling Solutions Limited
72 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£41.1k)
- Elite Tooling Solutions Limited
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £46.7k, this is less efficient (£143.6k)
- Elite Tooling Solutions Limited
£143.6k - Industry AVG
Debtor Days
it gets paid by customers after 101 days, this is later than average (60 days)
- Elite Tooling Solutions Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (43 days)
- Elite Tooling Solutions Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (64 days)
- Elite Tooling Solutions Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (16 weeks)
40 weeks - Elite Tooling Solutions Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.9%, this is a higher level of debt than the average (48.6%)
62.9% - Elite Tooling Solutions Limited
48.6% - Industry AVG
ELITE TOOLING SOLUTIONS LIMITED financials
Elite Tooling Solutions Limited's latest turnover from December 2021 is estimated at £419.9 thousand and the company has net assets of £169.8 thousand. According to their latest financial statements, Elite Tooling Solutions Limited has 9 employees and maintains cash reserves of £203.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 798,366 | 741,509 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 489,733 | 479,139 | |||||
| Gross Profit | 308,633 | 262,370 | |||||
| Admin Expenses | 280,347 | 258,838 | |||||
| Operating Profit | 28,286 | 3,532 | |||||
| Interest Payable | 1,604 | 1,604 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | 26,682 | 1,928 | |||||
| Tax | 4,772 | 34,939 | |||||
| Profit After Tax | 31,454 | 36,867 | |||||
| Dividends Paid | 75,000 | 0 | |||||
| Retained Profit | -43,546 | 36,867 | |||||
| Employee Costs | |||||||
| Number Of Employees | 9 | 10 | 11 | 10 | 10 | 10 | 11 |
| EBITDA* | 57,126 | 37,447 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 96,363 | 120,411 | 120,331 | 119,335 | 115,150 | 126,502 | 147,231 |
| Intangible Assets | 0 | 0 | 4,170 | 14,166 | 20,833 | 30,000 | 40,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 96,363 | 120,411 | 124,501 | 133,501 | 135,983 | 156,502 | 187,231 |
| Stock & work in progress | 9,554 | 23,770 | 25,343 | 22,834 | 1,510 | 14,935 | 25,477 |
| Trade Debtors | 116,602 | 108,507 | 180,511 | 185,755 | 171,146 | 147,948 | 179,963 |
| Group Debtors | 18,333 | 0 | 20,400 | 2,067 | 0 | 0 | 0 |
| Misc Debtors | 13,713 | 20,136 | 10,101 | 2,473 | 115 | 115 | 115 |
| Cash | 203,247 | 229,733 | 63,519 | 102,302 | 5,851 | 23,781 | 31,142 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 361,449 | 382,146 | 299,874 | 315,431 | 178,622 | 186,779 | 236,697 |
| total assets | 457,812 | 502,557 | 424,375 | 448,932 | 314,605 | 343,281 | 423,928 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 45 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 21,528 | 32,302 | 33,784 | 20,186 | 34,261 | 48,296 | 90,085 |
| Group/Directors Accounts | 98,516 | 80,016 | 22,415 | 22,415 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 13,000 | 14,604 | 14,604 | 14,604 | 0 |
| other current liabilities | 141,552 | 169,754 | 115,305 | 177,720 | 161,483 | 147,455 | 192,647 |
| total current liabilities | 261,596 | 282,072 | 184,504 | 234,925 | 210,348 | 210,355 | 282,777 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 11,396 | 20,063 | 31,979 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 12,648 | 28,933 | 0 | 0 | 0 | 0 | 44,979 |
| provisions | 13,789 | 12,732 | 17,505 | 17,112 | 21,918 | 27,974 | 0 |
| total long term liabilities | 26,437 | 41,665 | 17,505 | 28,508 | 41,981 | 59,953 | 44,979 |
| total liabilities | 288,033 | 323,737 | 202,009 | 263,433 | 252,329 | 270,308 | 327,756 |
| net assets | 169,779 | 178,820 | 222,366 | 185,499 | 62,276 | 72,973 | 96,172 |
| total shareholders funds | 169,779 | 178,820 | 222,366 | 185,499 | 62,276 | 72,973 | 96,172 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 28,286 | 3,532 | |||||
| Depreciation | 26,378 | 24,670 | 23,919 | 12,825 | 19,182 | 22,325 | 27,077 |
| Amortisation | 0 | 4,170 | 9,996 | 6,667 | 9,167 | 10,000 | 10,000 |
| Tax | 4,772 | 34,939 | |||||
| Stock | -14,216 | -1,573 | 2,509 | 7,899 | -13,425 | -10,542 | 25,477 |
| Debtors | 20,005 | -82,369 | 20,717 | 42,232 | 23,198 | -32,015 | 180,078 |
| Creditors | -10,774 | -1,482 | 13,598 | -28,110 | -14,035 | -41,789 | 90,085 |
| Accruals and Deferred Income | -28,202 | 54,449 | -62,415 | 30,265 | 14,028 | -45,192 | 192,647 |
| Deferred Taxes & Provisions | 1,057 | -4,773 | 393 | -10,862 | -6,056 | 27,974 | 0 |
| Cash flow from operations | 194,034 | 736 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 18,500 | 57,601 | 0 | 22,415 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -13,000 | -13,000 | -20,583 | -11,916 | 46,583 | 0 |
| other long term liabilities | -16,285 | 28,933 | 0 | 0 | 0 | -44,979 | 44,979 |
| share issue | |||||||
| interest | -1,604 | -1,604 | |||||
| cash flow from financing | 71,930 | -14,604 | |||||
| cash and cash equivalents | |||||||
| cash | -26,486 | 166,214 | -38,783 | 78,521 | -17,930 | -7,361 | 31,142 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -45 | 45 |
| change in cash | -26,486 | 166,214 | -38,783 | 78,521 | -17,930 | -7,316 | 31,097 |
elite tooling solutions limited Credit Report and Business Information
Elite Tooling Solutions Limited Competitor Analysis
Perform a competitor analysis for elite tooling solutions limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in M 2 area or any other competitors across 12 key performance metrics.
elite tooling solutions limited Ownership
ELITE TOOLING SOLUTIONS LIMITED group structure
Elite Tooling Solutions Limited has no subsidiary companies.
Ultimate parent company
2 parents
ELITE TOOLING SOLUTIONS LIMITED
09521961
elite tooling solutions limited directors
Elite Tooling Solutions Limited currently has 2 directors. The longest serving directors include Mr Darren Turner (May 2018) and Mr David Brindle (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Turner | 51 years | May 2018 | - | Director | |
| Mr David Brindle | England | 54 years | May 2018 | - | Director |
P&L
December 2021turnover
419.9k
-47%
operating profit
-9.6k
0%
gross margin
18.1%
-53.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
169.8k
-0.05%
total assets
457.8k
-0.09%
cash
203.2k
-0.12%
net assets
Total assets minus all liabilities
elite tooling solutions limited company details
company number
09521961
Type
Private limited with Share Capital
industry
25620 - Machining
32990 - Other manufacturing n.e.c.
incorporation date
April 2015
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
-
address
1oth floor one marsden street, manchester, M2 1HW
Bank
HSBC BANK PLC
Legal Advisor
-
elite tooling solutions 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 elite tooling solutions limited. Currently there are 3 open charges and 2 have been satisfied in the past.
elite tooling solutions 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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elite tooling solutions limited Companies House Filings - See Documents
| date | description | view/download |
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