Manufacture of electric motors, generators and transformers
Registered Address
1 aston court, bromsgrove technology park, bromsgrove, worcestershire, B60 3AL
Website
-
ash magnetics limitedEstimated Valuation
£188.9k
Pomanda estimates the enterprise value of ASH MAGNETICS LIMITED at £188.9k based on a Turnover of £335.6k and 0.56x industry multiple (adjusted for size and gross margin).
ash magnetics limitedEstimated Valuation
£116k
Pomanda estimates the enterprise value of ASH MAGNETICS LIMITED at £116k based on an EBITDA of £31.7k and a 3.66x industry multiple (adjusted for size and gross margin).
ash magnetics limitedEstimated Valuation
£90.4k
Pomanda estimates the enterprise value of ASH MAGNETICS LIMITED at £90.4k based on Net Assets of £44.8k and 2.02x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ash Magnetics LimitedOverview
Ash Magnetics Limited is a live company located in bromsgrove, B60 3AL with a Companies House number of 10610433. It operates in the manufacture of electric motors, generators and transformers sector, SIC Code 27110. Founded in February 2017, it's largest shareholder is
bernadette ricketts
with a 50% stake. Ash Magnetics Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£335.6k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Ash Magnetics Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £335.6k, make it smaller than the average company (£19.3m)
£335.6k - Ash Magnetics Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (10.5%)
9% - Ash Magnetics Limited
10.5% - Industry AVG
Production
with a gross margin of 15.7%, this company has a higher cost of product (24.5%)
15.7% - Ash Magnetics Limited
24.5% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (4.2%)
6.1% - Ash Magnetics Limited
4.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (107)
3 - Ash Magnetics Limited
107 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
£51.9k - Ash Magnetics Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £111.9k, this is less efficient (£197.7k)
£111.9k - Ash Magnetics Limited
£197.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (67 days)
17 days - Ash Magnetics Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 186 days, this is slower than average (46 days)
186 days - Ash Magnetics Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 282 days, this is more than average (94 days)
282 days - Ash Magnetics Limited
94 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Ash Magnetics Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.9%, this is a higher level of debt than the average (60.3%)
83.9% - Ash Magnetics Limited
60.3% - Industry AVG
ASH MAGNETICS LIMITED financials
EXPORT
Ash Magnetics Limited's latest turnover from March 2024 is estimated at £335.6 thousand and the company has net assets of £44.8 thousand. According to their latest financial statements, Ash Magnetics Limited has 3 employees and maintains cash reserves of £71 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Dec 2019
Dec 2018
Dec 2017
Turnover
335,614
357,315
314,308
260,614
220,091
177,677
157,964
Other Income Or Grants
Cost Of Sales
283,096
303,556
263,509
222,169
181,716
144,631
127,748
Gross Profit
52,518
53,759
50,799
38,445
38,376
33,047
30,215
Admin Expenses
32,010
27,139
65,246
10,756
44,491
38,068
56,704
Operating Profit
20,508
26,620
-14,447
27,689
-6,115
-5,021
-26,489
Interest Payable
60
107
61
Interest Receivable
4
3
15
2
6
7
5
Pre-Tax Profit
20,512
26,563
-14,539
27,630
-6,109
-5,014
-26,484
Tax
-5,128
-5,047
-5,250
Profit After Tax
15,384
21,516
-14,539
22,380
-6,109
-5,014
-26,484
Dividends Paid
Retained Profit
15,384
21,516
-14,539
22,380
-6,109
-5,014
-26,484
Employee Costs
155,647
140,671
129,438
125,741
127,834
82,610
79,504
Number Of Employees
3
3
3
3
3
2
2
EBITDA*
31,662
30,336
-9,926
32,814
-1,881
-1,913
-23,038
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Dec 2019
Dec 2018
Dec 2017
Tangible Assets
42,452
10,005
12,031
14,547
16,324
11,757
13,280
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
42,452
10,005
12,031
14,547
16,324
11,757
13,280
Stock & work in progress
218,937
210,068
191,765
147,611
58,963
42,565
42,505
Trade Debtors
16,534
32,790
15,983
11,881
8,170
11,500
7,405
Group Debtors
Misc Debtors
Cash
71
71
71
3,908
1,661
3
1,965
misc current assets
1,000
2,390
3,000
total current assets
235,542
242,929
207,819
163,400
69,794
56,458
54,875
total assets
277,994
252,934
219,850
177,947
86,118
68,215
68,155
Bank overdraft
Bank loan
Trade Creditors
144,997
177,287
159,456
122,703
118,579
97,497
92,016
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
144,997
177,287
159,456
122,703
118,579
97,497
92,016
loans
1,167
2,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
80,090
44,289
49,000
28,000
1,944
provisions
8,066
1,901
2,286
2,764
3,102
2,116
2,523
total long term liabilities
88,156
46,190
52,453
32,764
5,046
2,116
2,523
total liabilities
233,153
223,477
211,909
155,467
123,625
99,613
94,539
net assets
44,841
29,457
7,941
22,480
-37,507
-31,398
-26,384
total shareholders funds
44,841
29,457
7,941
22,480
-37,507
-31,398
-26,384
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Dec 2019
Dec 2018
Dec 2017
Operating Activities
Operating Profit
20,508
26,620
-14,447
27,689
-6,115
-5,021
-26,489
Depreciation
11,154
3,716
4,521
5,125
4,234
3,108
3,451
Amortisation
Tax
-5,128
-5,047
-5,250
Stock
8,869
18,303
44,154
147,611
16,398
60
42,505
Debtors
-16,256
16,807
4,102
11,881
-3,330
4,095
7,405
Creditors
-32,290
17,831
36,753
122,703
21,082
5,481
92,016
Accruals and Deferred Income
Deferred Taxes & Provisions
6,165
-385
-478
2,764
986
-407
2,523
Cash flow from operations
7,796
7,625
-21,907
-6,461
7,119
-994
21,591
Investing Activities
capital expenditure
-43,601
-1,690
-2,005
-19,672
-8,801
-1,585
-16,731
Change in Investments
cash flow from investments
-43,601
-1,690
-2,005
-19,672
-8,801
-1,585
-16,731
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-1,167
-833
2,000
Hire Purchase and Lease Commitments
other long term liabilities
35,801
-4,711
21,000
28,000
1,944
share issue
100
100
interest
4
-57
-92
-59
6
7
5
cash flow from financing
35,805
-5,935
20,075
30,041
1,950
7
105
cash and cash equivalents
cash
-3,837
3,908
1,658
-1,962
1,965
overdraft
change in cash
-3,837
3,908
1,658
-1,962
1,965
ash magnetics limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ash magnetics limited. Get real-time insights into ash magnetics limited's credit score, group structure and payment trends.
Perform a competitor analysis for ash magnetics limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in B60 area or any other competitors across 12 key performance metrics.
ash magnetics limited Ownership
ASH MAGNETICS LIMITED group structure
Ash Magnetics Limited has no subsidiary companies.
Ultimate parent company
ASH MAGNETICS LIMITED
10610433
ASH MAGNETICS LIMITED Shareholders
The largest shareholders in Ash Magnetics Limited include Bernadette Ricketts and Ashley Ricketts.
bernadette ricketts
50%
ashley ricketts
50%
ash magnetics limited directors
Ash Magnetics Limited currently has 2 directors.
The longest serving directors include
Mrs Bernadette Ricketts (Feb 2017) and
Mr Ashley Ricketts (Feb 2017).
27110 - Manufacture of electric motors, generators and transformers
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
KENNETH MORRIS LIMITED
auditor
-
address
1 aston court, bromsgrove technology park, bromsgrove, worcestershire, B60 3AL
Bank
-
Legal Advisor
-
ash magnetics 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 ash magnetics limited.
ash magnetics 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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ash magnetics limitedCompanies House Filings - See Documents
