Niramax Rubber Products Limited

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niramax rubber products limited Company Information

Company Number

10413576

Next Accounts

Jun 2025

Directors

Eugene Donnelly

Michael O'Callaghan

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Shareholders

markorah limited

Group Structure

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Industry

Treatment and disposal of non-hazardous waste

Registered Address

niramax house site 6-8, tofts road west, hartlepool, county durham, TS25 2BQ

Website

www.niramaxrubberproducts.co.uk

niramax rubber products limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of NIRAMAX RUBBER PRODUCTS LIMITED at £2.4m based on Net Assets of £951k and 2.55x industry multiple (adjusted for liquidity).

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Niramax Rubber Products Limited is a live company located in hartlepool, TS25 2BQ with a Companies House number of 10413576. It operates in the treatment and disposal of non-hazardous waste sector, SIC Code 38210. Founded in October 2016, it's largest shareholder is markorah limited with a 100% stake. Niramax Rubber Products Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with high growth in recent years.

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Pomanda's financial health check has awarded Niramax Rubber Products Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£14.7m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.4%)

EXPORT

Niramax Rubber Products Limited's latest turnover from September 2023 is estimated at £1.1 million and the company has net assets of £951 thousand. According to their latest financial statements, Niramax Rubber Products Limited has 5 employees and maintains cash reserves of £254.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Turnover	1,050,714	739,318	848,663	617,100	703,588	604,538	490,640
Other Income Or Grants
Cost Of Sales	885,507	626,925	740,191	532,791	633,294	548,906	457,083
Gross Profit	165,207	112,393	108,472	84,308	70,294	55,632	33,558
Admin Expenses	-16,662	-100,157	-192,549	48,190	-81,694	-88,297	-101,905
Operating Profit	181,869	212,550	301,021	36,118	151,988	143,929	135,463
Interest Payable
Interest Receivable	21,436	3,444	316	246	1,774	640
Pre-Tax Profit	203,305	215,994	301,337	36,364	153,762	144,569	135,464
Tax	-50,826	-41,039	-57,254	-6,909	-29,215	-27,468	-27,093
Profit After Tax	152,479	174,955	244,083	29,455	124,547	117,101	108,371
Dividends Paid
Retained Profit	152,479	174,955	244,083	29,455	124,547	117,101	108,371
Employee Costs	209,007	190,249	216,391	185,036	271,345	133,259	121,215
Number Of Employees	5	5	6	5	8	4	4
EBITDA*	466,948	433,866	491,073	185,424	183,409	175,351	145,661

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	819,675	943,754	1,083,526	791,129	150,790	166,667	198,089
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	819,675	943,754	1,083,526	791,129	150,790	166,667	198,089
Stock & work in progress
Trade Debtors	152,906	128,156	136,694	98,385	116,859	148,361	114,861
Group Debtors
Misc Debtors		42,048	51,431	49,637	33,798	16,604	31,936
Cash	254,688	561,926	356,536	275,138	217,411	255,573	358
misc current assets
total current assets	407,594	732,130	544,661	423,160	368,068	420,538	147,155
total assets	1,227,269	1,675,884	1,628,187	1,214,289	518,858	587,205	345,244
Bank overdraft
Bank loan
Trade Creditors	259,837	143,715	172,076	105,718	78,585	65,410	51,542
Group/Directors Accounts		447,004	525,097	660,934	11,502	242,835	110,850
other short term finances
hp & lease commitments
other current liabilities		150,024	114,253	68,162	76,948	51,608	73,100
total current liabilities	259,837	740,743	811,426	834,814	167,035	359,853	235,492
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities		108,808	167,670
provisions	16,440	27,820	25,533		1,803	1,879	1,380
total long term liabilities	16,440	136,628	193,203		1,803	1,879	1,380
total liabilities	276,277	877,371	1,004,629	834,814	168,838	361,732	236,872
net assets	950,992	798,513	623,558	379,475	350,020	225,473	108,372
total shareholders funds	950,992	798,513	623,558	379,475	350,020	225,473	108,372

	Sep 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	181,869	212,550	301,021	36,118	151,988	143,929	135,463
Depreciation	285,079	221,316	190,052	149,306	31,421	31,422	10,198
Amortisation
Tax	-50,826	-41,039	-57,254	-6,909	-29,215	-27,468	-27,093
Stock
Debtors	-17,298	-17,921	40,103	-2,635	-14,308	18,168	146,797
Creditors	116,122	-28,361	66,358	27,133	13,175	13,868	51,542
Accruals and Deferred Income	-150,024	35,771	46,091	-8,786	25,340	-21,492	73,100
Deferred Taxes & Provisions	-11,380	2,287	25,533	-1,803	-76	499	1,380
Cash flow from operations	388,138	420,445	531,698	197,694	206,941	122,590	97,793
Investing Activities
capital expenditure	-161,000	-81,544	-482,449	-789,645	-15,544		-208,287
Change in Investments
cash flow from investments	-161,000	-81,544	-482,449	-789,645	-15,544		-208,287
Financing Activities
Bank loans
Group/Directors Accounts	-447,004	-78,093	-135,837	649,432	-231,333	131,985	110,850
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-108,808	-58,862	167,670
share issue							1
interest	21,436	3,444	316	246	1,774	640
cash flow from financing	-534,376	-133,511	32,149	649,678	-229,559	132,625	110,851
cash and cash equivalents
cash	-307,238	205,390	81,398	57,727	-38,162	255,215	358
overdraft
change in cash	-307,238	205,390	81,398	57,727	-38,162	255,215	358

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for niramax rubber products limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in TS25 area or any other competitors across 12 key performance metrics.

NIRAMAX RUBBER PRODUCTS LIMITED group structure

Niramax Rubber Products Limited has no subsidiary companies.

Ultimate parent company

MARKORAH LIMITED

13480698

1 parent

NIRAMAX RUBBER PRODUCTS LIMITED

10413576

NIRAMAX RUBBER PRODUCTS LIMITED Shareholders

markorah limited

100%

Niramax Rubber Products Limited currently has 3 directors. The longest serving directors include Mr Eugene Donnelly (Dec 2023) and Mr Michael O'Callaghan (Jun 2024).

officer	country	age	start	end	role
Mr Eugene Donnelly	Scotland	58 years	Dec 2023	-	Director
Mr Michael O'Callaghan	Ireland	49 years	Jun 2024	-	Director
Mr Patrick McBride	Ireland	53 years	Jun 2024	-	Director

P&L

September 2023

turnover

1.1m

+42%

operating profit

181.9k

gross margin

15.8%

+3.43%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

951k

+0.19%

total assets

1.2m

-0.27%

cash

254.7k

-0.55%

net assets

Total assets minus all liabilities

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company number

10413576

Type

Private limited with Share Capital

industry

38210 - Treatment and disposal of non-hazardous waste

incorporation date

October 2016

ultimate parent company

MARKORAH LIMITED

previous names

N/A

address

niramax house site 6-8, tofts road west, hartlepool, county durham, TS25 2BQ

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 1 charges/mortgages relating to niramax rubber products limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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niramax rubber products limited Company Information

niramax rubber products limited Estimated Valuation

niramax rubber products limited Estimated Valuation

niramax rubber products limited Estimated Valuation

Niramax Rubber Products Limited Overview

Niramax Rubber Products Limited Health Check

NIRAMAX RUBBER PRODUCTS LIMITED financials

niramax rubber products limited Credit Report and Business Information

Niramax Rubber Products Limited Competitor Analysis

niramax rubber products limited Ownership

niramax rubber products limited directors

niramax rubber products limited company details

niramax rubber products limited Charges & Mortgages

niramax rubber products limited Capital Raised & Share Issues BETA

niramax rubber products limited Companies House Filings - See Documents