foundry cast iron limited

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foundry cast iron limited Company Information

Share FOUNDRY CAST IRON LIMITED

Company Number

10570083

Directors

Mark Spence

Shareholders

mark spence

mr shane spence

Group Structure

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Industry

Retail sale via mail order houses or via Internet

 

Registered Address

5 linnet close, littlehampton, BN17 7GW

foundry cast iron limited Estimated Valuation

£204.4k

Pomanda estimates the enterprise value of FOUNDRY CAST IRON LIMITED at £204.4k based on a Turnover of £840.4k and 0.24x industry multiple (adjusted for size and gross margin).

foundry cast iron limited Estimated Valuation

£63.1k

Pomanda estimates the enterprise value of FOUNDRY CAST IRON LIMITED at £63.1k based on an EBITDA of £21.9k and a 2.89x industry multiple (adjusted for size and gross margin).

foundry cast iron limited Estimated Valuation

£422.6k

Pomanda estimates the enterprise value of FOUNDRY CAST IRON LIMITED at £422.6k based on Net Assets of £197.3k and 2.14x industry multiple (adjusted for liquidity).

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Foundry Cast Iron Limited Overview

Foundry Cast Iron Limited is a live company located in littlehampton, BN17 7GW with a Companies House number of 10570083. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in January 2017, it's largest shareholder is mark spence with a 70% stake. Foundry Cast Iron Limited is a young, small sized company, Pomanda has estimated its turnover at £840.4k with healthy growth in recent years.

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Foundry Cast Iron Limited Health Check

Pomanda's financial health check has awarded Foundry Cast Iron Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £840.4k, make it larger than the average company (£280.2k)

£840.4k - Foundry Cast Iron Limited

£280.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.7%)

14% - Foundry Cast Iron Limited

4.7% - Industry AVG

production

Production

with a gross margin of 19.6%, this company has a higher cost of product (36.6%)

19.6% - Foundry Cast Iron Limited

36.6% - Industry AVG

profitability

Profitability

an operating margin of 2.6% make it as profitable than the average company (2.5%)

2.6% - Foundry Cast Iron Limited

2.5% - Industry AVG

employees

Employees

with 8 employees, this is above the industry average (4)

8 - Foundry Cast Iron Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.6k, the company has an equivalent pay structure (£28.6k)

£28.6k - Foundry Cast Iron Limited

£28.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £105k, this is less efficient (£156.4k)

£105k - Foundry Cast Iron Limited

£156.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 120 days, this is later than average (22 days)

120 days - Foundry Cast Iron Limited

22 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (32 days)

50 days - Foundry Cast Iron Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Foundry Cast Iron Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Foundry Cast Iron Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 40.5%, this is a lower level of debt than the average (73.5%)

40.5% - Foundry Cast Iron Limited

73.5% - Industry AVG

FOUNDRY CAST IRON LIMITED financials

EXPORTms excel logo

Foundry Cast Iron Limited's latest turnover from January 2024 is estimated at £840.4 thousand and the company has net assets of £197.3 thousand. According to their latest financial statements, Foundry Cast Iron Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Turnover840,360864,639630,081566,096309,300259,20893,587
Other Income Or Grants
Cost Of Sales676,010692,224491,344440,636238,724200,16271,620
Gross Profit164,351172,416138,736125,46170,57659,04621,967
Admin Expenses142,490138,98979,68841,63358,93929,20416,421
Operating Profit21,86133,42759,04883,82811,63729,8425,546
Interest Payable
Interest Receivable
Pre-Tax Profit21,86133,42759,04883,82811,63729,8425,546
Tax-5,465-6,351-11,219-15,927-2,211-5,670-1,054
Profit After Tax16,39627,07647,82967,9019,42624,1724,492
Dividends Paid
Retained Profit16,39627,07647,82967,9019,42624,1724,492
Employee Costs228,703218,766167,873135,11181,18060,56528,863
Number Of Employees8865321
EBITDA*21,86133,42759,04883,82811,63729,8425,546

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Tangible Assets51,4697,1126,1314,6703,1791,715988
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets51,4697,1126,1314,6703,1791,715988
Stock & work in progress
Trade Debtors277,597270,612211,431191,76194,71184,58322,338
Group Debtors
Misc Debtors2,5893,5263,1831,536
Cash
misc current assets
total current assets280,186274,138214,614193,29794,71184,58322,338
total assets331,655281,250220,745197,96797,89086,29823,326
Bank overdraft
Bank loan
Trade Creditors 94,083100,35466,92591,97659,80057,63418,834
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities94,083100,35466,92591,97659,80057,63418,834
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities40,280
provisions
total long term liabilities40,280
total liabilities134,363100,35466,92591,97659,80057,63418,834
net assets197,292180,896153,820105,99138,09028,6644,492
total shareholders funds197,292180,896153,820105,99138,09028,6644,492
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Operating Activities
Operating Profit21,86133,42759,04883,82811,63729,8425,546
Depreciation
Amortisation
Tax-5,465-6,351-11,219-15,927-2,211-5,670-1,054
Stock
Debtors6,04859,52421,31798,58610,12862,24522,338
Creditors-6,27133,429-25,05132,1762,16638,80018,834
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations4,0779811,4611,4911,464727988
Investing Activities
capital expenditure-44,357-981-1,461-1,491-1,464-727-988
Change in Investments
cash flow from investments-44,357-981-1,461-1,491-1,464-727-988
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities40,280
share issue
interest
cash flow from financing40,280
cash and cash equivalents
cash
overdraft
change in cash

foundry cast iron limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Foundry Cast Iron Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for foundry cast iron limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BN17 area or any other competitors across 12 key performance metrics.

foundry cast iron limited Ownership

FOUNDRY CAST IRON LIMITED group structure

Foundry Cast Iron Limited has no subsidiary companies.

Ultimate parent company

FOUNDRY CAST IRON LIMITED

10570083

FOUNDRY CAST IRON LIMITED Shareholders

mark spence 70%
mr shane spence 30%

foundry cast iron limited directors

Foundry Cast Iron Limited currently has 1 director, Mr Mark Spence serving since Jan 2017.

officercountryagestartendrole
Mr Mark SpenceUnited Kingdom58 years Jan 2017- Director

P&L

January 2024

turnover

840.4k

-3%

operating profit

21.9k

0%

gross margin

19.6%

-1.92%

turnover

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

Balance Sheet

January 2024

net assets

197.3k

+0.09%

total assets

331.7k

+0.18%

cash

0

0%

net assets

Total assets minus all liabilities

foundry cast iron limited company details

company number

10570083

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

January 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

January 2024

previous names

N/A

accountant

BOLDEN & LONG

auditor

-

address

5 linnet close, littlehampton, BN17 7GW

Bank

-

Legal Advisor

-

foundry cast iron 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 foundry cast iron limited.

foundry cast iron 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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foundry cast iron limited Companies House Filings - See Documents

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