cut & pin ltd
cut & pin ltd Company Information
Company Number
12344647
Next Accounts
167 days late
Shareholders
alan baker
martin parker
View AllGroup Structure
View All
Industry
Manufacture of knitted and crocheted fabrics
Registered Address
els advisory limited, 31 harrogate road, leeds, LS7 3PD
Website
-cut & pin ltd Estimated Valuation
Pomanda estimates the enterprise value of CUT & PIN LTD at £39.4k based on a Turnover of £149.9k and 0.26x industry multiple (adjusted for size and gross margin).
cut & pin ltd Estimated Valuation
Pomanda estimates the enterprise value of CUT & PIN LTD at £0 based on an EBITDA of £-38.4k and a 3.03x industry multiple (adjusted for size and gross margin).
cut & pin ltd Estimated Valuation
Pomanda estimates the enterprise value of CUT & PIN LTD at £0 based on Net Assets of £-20.1k and 1.61x industry multiple (adjusted for liquidity).
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Cut & Pin Ltd Overview
Cut & Pin Ltd is a live company located in leeds, LS7 3PD with a Companies House number of 12344647. It operates in the manufacture of knitted and crocheted fabrics sector, SIC Code 13910. Founded in December 2019, it's largest shareholder is alan baker with a 30% stake. Cut & Pin Ltd is a young, micro sized company, Pomanda has estimated its turnover at £149.9k with unknown growth in recent years.
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Cut & Pin Ltd Health Check
Pomanda's financial health check has awarded Cut & Pin Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £149.9k, make it smaller than the average company (£25.3m)
- Cut & Pin Ltd
£25.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Cut & Pin Ltd
- - Industry AVG
Production
with a gross margin of 18.8%, this company has a comparable cost of product (19.7%)
- Cut & Pin Ltd
19.7% - Industry AVG
Profitability
an operating margin of -25.6% make it less profitable than the average company (6.1%)
- Cut & Pin Ltd
6.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (76)
2 - Cut & Pin Ltd
76 - Industry AVG
Pay Structure
on an average salary of £27k, the company has an equivalent pay structure (£27k)
- Cut & Pin Ltd
£27k - Industry AVG
Efficiency
resulting in sales per employee of £74.9k, this is less efficient (£341.4k)
- Cut & Pin Ltd
£341.4k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (92 days)
- Cut & Pin Ltd
92 days - Industry AVG
Creditor Days
its suppliers are paid after 127 days, this is slower than average (75 days)
- Cut & Pin Ltd
75 days - Industry AVG
Stock Days
it holds stock equivalent to 110 days, this is less than average (168 days)
- Cut & Pin Ltd
168 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (2 weeks)
12 weeks - Cut & Pin Ltd
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 141.7%, this is a higher level of debt than the average (55.7%)
141.7% - Cut & Pin Ltd
55.7% - Industry AVG
CUT & PIN LTD financials
Cut & Pin Ltd's latest turnover from December 2022 is estimated at £149.9 thousand and the company has net assets of -£20.1 thousand. According to their latest financial statements, Cut & Pin Ltd has 2 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | 36,905 | 40,316 | 16,500 |
| Trade Debtors | 1,386 | 611 | 190 |
| Group Debtors | |||
| Misc Debtors | 2,962 | 4,266 | |
| Cash | 10,022 | 20,279 | 65,383 |
| misc current assets | |||
| total current assets | 48,313 | 64,168 | 86,339 |
| total assets | 48,313 | 64,168 | 86,339 |
| Bank overdraft | 5,686 | ||
| Bank loan | |||
| Trade Creditors | 42,443 | 13,165 | 16,060 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 74,722 | 74,461 | |
| total current liabilities | 42,443 | 93,573 | 90,521 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | 26,000 | 34,314 | |
| provisions | |||
| total long term liabilities | 26,000 | 34,314 | |
| total liabilities | 68,443 | 127,887 | 90,521 |
| net assets | -20,130 | -63,719 | -4,182 |
| total shareholders funds | -20,130 | -63,719 | -4,182 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | -3,411 | 23,816 | 16,500 |
| Debtors | -2,187 | -883 | 4,456 |
| Creditors | 29,278 | -2,895 | 16,060 |
| Accruals and Deferred Income | -74,722 | 261 | 74,461 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | -8,314 | 34,314 | |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -10,257 | -45,104 | 65,383 |
| overdraft | -5,686 | 5,686 | |
| change in cash | -4,571 | -50,790 | 65,383 |
cut & pin ltd Credit Report and Business Information
Cut & Pin Ltd Competitor Analysis
Perform a competitor analysis for cut & pin ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in LS7 area or any other competitors across 12 key performance metrics.
cut & pin ltd Ownership
CUT & PIN LTD group structure
Cut & Pin Ltd has no subsidiary companies.
Ultimate parent company
CUT & PIN LTD
12344647
cut & pin ltd directors
Cut & Pin Ltd currently has 2 directors. The longest serving directors include Mr Alan Baker (Dec 2019) and Mr Martin Parker (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Baker | United Kingdom | 44 years | Dec 2019 | - | Director |
| Mr Martin Parker | 51 years | Sep 2020 | - | Director |
P&L
December 2022turnover
149.9k
+53%
operating profit
-38.4k
0%
gross margin
18.8%
+2.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-20.1k
-0.68%
total assets
48.3k
-0.25%
cash
10k
-0.51%
net assets
Total assets minus all liabilities
Similar Companies
cut & pin ltd company details
company number
12344647
Type
Private limited with Share Capital
industry
13910 - Manufacture of knitted and crocheted fabrics
incorporation date
December 2019
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
-
address
els advisory limited, 31 harrogate road, leeds, LS7 3PD
Bank
-
Legal Advisor
-
cut & pin ltd 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 cut & pin ltd.
cut & pin ltd 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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cut & pin ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
