united tooling solutions limited
united tooling solutions limited Company Information
Company Number
09845718
Website
https://www.troynet.co.ukRegistered Address
c/o troy (uk) ltd, skypark, 1 tiger moth road, exeter, EX5 2FW
Industry
Wholesale of machine tools
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
troy independent investments limited 100%
united tooling solutions limited Estimated Valuation
Pomanda estimates the enterprise value of UNITED TOOLING SOLUTIONS LIMITED at £35.4m based on a Turnover of £44.6m and 0.79x industry multiple (adjusted for size and gross margin).
united tooling solutions limited Estimated Valuation
Pomanda estimates the enterprise value of UNITED TOOLING SOLUTIONS LIMITED at £9.3m based on an EBITDA of £1.2m and a 7.88x industry multiple (adjusted for size and gross margin).
united tooling solutions limited Estimated Valuation
Pomanda estimates the enterprise value of UNITED TOOLING SOLUTIONS LIMITED at £0 based on Net Assets of £-1.3m and 2.65x industry multiple (adjusted for liquidity).
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United Tooling Solutions Limited Overview
United Tooling Solutions Limited is a live company located in exeter, EX5 2FW with a Companies House number of 09845718. It operates in the wholesale of machine tools sector, SIC Code 46620. Founded in October 2015, it's largest shareholder is troy independent investments limited with a 100% stake. United Tooling Solutions Limited is a young, large sized company, Pomanda has estimated its turnover at £44.6m with rapid growth in recent years.
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United Tooling Solutions Limited Health Check
Pomanda's financial health check has awarded United Tooling Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £44.6m, make it larger than the average company (£13.8m)
£44.6m - United Tooling Solutions Limited
£13.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (4.9%)
33% - United Tooling Solutions Limited
4.9% - Industry AVG
Production
with a gross margin of 22.8%, this company has a higher cost of product (31.5%)
22.8% - United Tooling Solutions Limited
31.5% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (5.7%)
0.1% - United Tooling Solutions Limited
5.7% - Industry AVG
Employees
with 195 employees, this is above the industry average (44)
195 - United Tooling Solutions Limited
44 - Industry AVG
Pay Structure
on an average salary of £32.5k, the company has a lower pay structure (£42.2k)
£32.5k - United Tooling Solutions Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £228.8k, this is equally as efficient (£241.1k)
£228.8k - United Tooling Solutions Limited
£241.1k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (68 days)
59 days - United Tooling Solutions Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is close to average (49 days)
50 days - United Tooling Solutions Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 80 days, this is in line with average (99 days)
80 days - United Tooling Solutions Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - United Tooling Solutions Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.1%, this is a higher level of debt than the average (47.8%)
103.1% - United Tooling Solutions Limited
47.8% - Industry AVG
united tooling solutions limited Credit Report and Business Information
United Tooling Solutions Limited Competitor Analysis
Perform a competitor analysis for united tooling solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
united tooling solutions limited Ownership
UNITED TOOLING SOLUTIONS LIMITED group structure
United Tooling Solutions Limited has 18 subsidiary companies.
Ultimate parent company
2 parents
UNITED TOOLING SOLUTIONS LIMITED
09845718
18 subsidiaries
united tooling solutions limited directors
United Tooling Solutions Limited currently has 5 directors. The longest serving directors include Mr Paul Kilbride (Oct 2015) and Mrs Alexandra Kilbride (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Kilbride | Wales | 60 years | Oct 2015 | - | Director |
| Mrs Alexandra Kilbride | England | 55 years | Jan 2017 | - | Director |
| Mr David Jackson | Scotland | 58 years | Dec 2017 | - | Director |
| Mr Edwin Thomas | England | 47 years | Mar 2019 | - | Director |
| Mr Christopher Taylor | Scotland | 43 years | Mar 2019 | - | Director |
UNITED TOOLING SOLUTIONS LIMITED financials
United Tooling Solutions Limited's latest turnover from December 2022 is £44.6 million and the company has net assets of -£1.3 million. According to their latest financial statements, United Tooling Solutions Limited has 195 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 44,618,694 | 39,243,528 | 28,146,859 | 18,761,721 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 34,437,472 | 30,490,074 | 21,496,068 | 14,095,061 | |||
| Gross Profit | 10,181,222 | 8,753,454 | 6,650,791 | 4,666,660 | |||
| Admin Expenses | 10,139,817 | 8,512,509 | 5,873,206 | 4,435,245 | |||
| Operating Profit | 41,405 | 240,945 | 777,585 | 231,415 | |||
| Interest Payable | 847,977 | 431,825 | 247,860 | 124,230 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | -817,784 | -202,092 | 473,667 | 107,185 | |||
| Tax | -127,672 | -49,980 | -154,175 | -68,261 | |||
| Profit After Tax | -945,456 | -252,072 | 319,492 | 38,924 | |||
| Dividends Paid | 0 | 0 | 300,891 | 53,000 | |||
| Retained Profit | -945,456 | -923,905 | 40,543 | -44,975 | |||
| Employee Costs | 6,336,295 | 5,696,217 | 4,172,563 | 2,677,562 | |||
| Number Of Employees | 195 | 187 | 142 | 84 | 16 | 1 | |
| EBITDA* | 1,179,063 | 1,239,497 | 1,418,633 | 592,466 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,133,386 | 2,012,966 | 1,604,393 | 494,776 | 75,701 | 0 | 0 |
| Intangible Assets | 14,326,042 | 12,453,721 | 10,316,273 | 3,738,915 | 1,017 | 0 | 0 |
| Investments & Other | 33,635 | 44,847 | 56,059 | 112,117 | 4,174,312 | 1,106,731 | 1,106,306 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,493,063 | 14,511,534 | 11,976,725 | 4,345,808 | 4,251,030 | 1,106,731 | 1,106,306 |
| Stock & work in progress | 7,617,792 | 7,263,076 | 6,361,011 | 4,720,188 | 0 | 0 | 0 |
| Trade Debtors | 7,328,603 | 6,342,650 | 5,526,863 | 3,472,258 | 0 | 0 | 0 |
| Group Debtors | 6,391,278 | 4,037,725 | 3,042,168 | 2,801,081 | 1,368,362 | 90,656 | 0 |
| Misc Debtors | 1,942,987 | 2,020,541 | 2,534,069 | 1,327,635 | 703,858 | 148,319 | 87,000 |
| Cash | 1,426,808 | 425,303 | 332,695 | 311,419 | 3,974 | 16,292 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 24,707,468 | 20,089,295 | 17,796,806 | 12,632,581 | 2,076,194 | 255,267 | 87,000 |
| total assets | 41,200,531 | 34,600,829 | 29,773,531 | 16,978,389 | 6,327,224 | 1,361,998 | 1,193,306 |
| Bank overdraft | 5,196,165 | 4,875,458 | 4,438,181 | 2,132,857 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,785,482 | 3,320,013 | 1,902,230 | 1,018,458 | 119,962 | 21,465 | 0 |
| Group/Directors Accounts | 11,234,278 | 6,143,825 | 1,694,792 | 942,504 | 900,312 | 0 | 1,094,863 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 52,825 | 631,997 | 78,118 | 28,981 | 0 | 0 | 0 |
| other current liabilities | 2,647,400 | 3,388,280 | 3,912,059 | 1,210,591 | 504,447 | 165,376 | 98,442 |
| total current liabilities | 23,916,150 | 18,359,573 | 12,025,380 | 5,333,391 | 1,524,721 | 186,841 | 1,193,305 |
| loans | 11,313,365 | 11,313,365 | 12,559,840 | 11,329,393 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 7,042,051 | 5,022,593 | 4,449,618 | 54,470 | 3,658,543 | 1,149,807 | 0 |
| provisions | 215,851 | 246,728 | 147,261 | 50,566 | 1,536 | 0 | 0 |
| total long term liabilities | 18,571,267 | 16,582,686 | 17,156,719 | 11,434,429 | 3,660,079 | 1,149,807 | 0 |
| total liabilities | 42,487,417 | 34,942,259 | 29,182,099 | 16,767,820 | 5,184,800 | 1,336,648 | 1,193,305 |
| net assets | -1,286,886 | -341,430 | 582,475 | 179,670 | 1,142,424 | 25,350 | 1 |
| total shareholders funds | -1,286,886 | -341,430 | 582,475 | 179,670 | 1,142,424 | 25,350 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 41,405 | 240,945 | 777,585 | 231,415 | |||
| Depreciation | 346,393 | 324,755 | 231,806 | 151,403 | 5,598 | 0 | |
| Amortisation | 791,265 | 673,797 | 409,242 | 209,648 | 83 | 0 | |
| Tax | -127,672 | -49,980 | -154,175 | -68,261 | |||
| Stock | 354,716 | 902,065 | 1,640,823 | 4,720,188 | 0 | 0 | 0 |
| Debtors | 3,261,952 | 1,297,816 | 3,502,126 | 5,528,754 | 1,833,245 | 151,975 | 87,000 |
| Creditors | 1,465,469 | 1,417,783 | 883,772 | 898,496 | 98,497 | 21,465 | 0 |
| Accruals and Deferred Income | -740,880 | -523,779 | 2,701,468 | 706,144 | 339,071 | 66,934 | 98,442 |
| Deferred Taxes & Provisions | -30,877 | 99,467 | 96,695 | 49,030 | 1,536 | 0 | 0 |
| Cash flow from operations | -1,871,565 | -16,893 | -196,556 | -8,071,067 | |||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||
| Change in Investments | -11,212 | -11,212 | -56,058 | -4,062,195 | 3,067,581 | 425 | 1,106,306 |
| cash flow from investments | 11,212 | 11,212 | 56,058 | 4,062,195 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,090,453 | 4,449,033 | 752,288 | 42,192 | 900,312 | -1,094,863 | 1,094,863 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -1,246,475 | 1,230,447 | 11,329,393 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -579,172 | 553,879 | 49,137 | 28,981 | 0 | 0 | 0 |
| other long term liabilities | 2,019,458 | 572,975 | 4,395,148 | -3,604,073 | 2,508,736 | 1,149,807 | 0 |
| share issue | |||||||
| interest | -847,977 | -431,825 | -247,860 | -124,230 | |||
| cash flow from financing | 5,682,762 | 3,897,587 | 6,541,422 | 6,754,484 | |||
| cash and cash equivalents | |||||||
| cash | 1,001,505 | 92,608 | 21,276 | 307,445 | -12,318 | 16,292 | 0 |
| overdraft | 320,707 | 437,277 | 2,305,324 | 2,132,857 | 0 | 0 | 0 |
| change in cash | 680,798 | -344,669 | -2,284,048 | -1,825,412 | -12,318 | 16,292 | 0 |
P&L
December 2022turnover
44.6m
+14%
operating profit
41.4k
-83%
gross margin
22.9%
+2.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-1.3m
+2.77%
total assets
41.2m
+0.19%
cash
1.4m
+2.35%
net assets
Total assets minus all liabilities
Similar Companies
united tooling solutions limited company details
company number
09845718
Type
Private limited with Share Capital
industry
46620 - Wholesale of machine tools
incorporation date
October 2015
age
9
accounts
Group
ultimate parent company
previous names
quorum (devon) limited (February 2017)
incorporated
UK
address
c/o troy (uk) ltd, skypark, 1 tiger moth road, exeter, EX5 2FW
last accounts submitted
December 2022
united 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 6 charges/mortgages relating to united tooling solutions limited. Currently there are 4 open charges and 2 have been satisfied in the past.
united tooling solutions limited Companies House Filings - See Documents
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