renforce manufacturing ltd
renforce manufacturing ltd Company Information
Company Number
12579547
Next Accounts
Sep 2025
Shareholders
henry dickinson
Group Structure
View All
Industry
Manufacture of wire products, chain and springs
Registered Address
renishaw colliery, staveley ln,, staveley, eckington, chesterfield, S43 3YQ
Website
renforce.co.ukrenforce manufacturing ltd Estimated Valuation
Pomanda estimates the enterprise value of RENFORCE MANUFACTURING LTD at £956.6k based on a Turnover of £2.2m and 0.44x industry multiple (adjusted for size and gross margin).
renforce manufacturing ltd Estimated Valuation
Pomanda estimates the enterprise value of RENFORCE MANUFACTURING LTD at £0 based on an EBITDA of £-46.7k and a 3.64x industry multiple (adjusted for size and gross margin).
renforce manufacturing ltd Estimated Valuation
Pomanda estimates the enterprise value of RENFORCE MANUFACTURING LTD at £755.1k based on Net Assets of £393.9k and 1.92x industry multiple (adjusted for liquidity).
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Renforce Manufacturing Ltd Overview
Renforce Manufacturing Ltd is a live company located in chesterfield, S43 3YQ with a Companies House number of 12579547. It operates in the manufacture of wire products, chain and springs sector, SIC Code 25930. Founded in April 2020, it's largest shareholder is henry dickinson with a 100% stake. Renforce Manufacturing Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.
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Renforce Manufacturing Ltd Health Check
Pomanda's financial health check has awarded Renforce Manufacturing Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
7 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£14.4m)
- Renforce Manufacturing Ltd
£14.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.4%)
- Renforce Manufacturing Ltd
5.4% - Industry AVG
Production
with a gross margin of 29.4%, this company has a comparable cost of product (29.4%)
- Renforce Manufacturing Ltd
29.4% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (8.3%)
- Renforce Manufacturing Ltd
8.3% - Industry AVG
Employees
with 21 employees, this is below the industry average (62)
21 - Renforce Manufacturing Ltd
62 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Renforce Manufacturing Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £103.1k, this is less efficient (£166.3k)
- Renforce Manufacturing Ltd
£166.3k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (52 days)
- Renforce Manufacturing Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (34 days)
- Renforce Manufacturing Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 150 days, this is more than average (106 days)
- Renforce Manufacturing Ltd
106 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (8 weeks)
10 weeks - Renforce Manufacturing Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.3%, this is a higher level of debt than the average (36.6%)
66.3% - Renforce Manufacturing Ltd
36.6% - Industry AVG
RENFORCE MANUFACTURING LTD financials
Renforce Manufacturing Ltd's latest turnover from December 2023 is estimated at £2.2 million and the company has net assets of £393.9 thousand. According to their latest financial statements, Renforce Manufacturing Ltd has 21 employees and maintains cash reserves of £145.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 21 | 21 | 24 | 27 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 107,628 | 112,465 | 87,845 | 94,175 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 107,628 | 112,465 | 87,845 | 94,175 |
| Stock & work in progress | 629,107 | 960,608 | 984,560 | 594,115 |
| Trade Debtors | 252,609 | 293,104 | 433,807 | 520,151 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 33,912 | 2,423 | 7,111 | 3,874 |
| Cash | 145,806 | 47,382 | 158,769 | 100,788 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,061,434 | 1,303,517 | 1,584,247 | 1,218,928 |
| total assets | 1,169,062 | 1,415,982 | 1,672,092 | 1,313,103 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 284,066 | 789,763 | 240,040 | 434,657 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 464,088 | 147,268 | 1,238,725 | 870,565 |
| total current liabilities | 748,154 | 937,031 | 1,478,765 | 1,305,222 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 27,000 | 14,945 | 16,691 | 0 |
| total long term liabilities | 27,000 | 14,945 | 16,691 | 0 |
| total liabilities | 775,154 | 951,976 | 1,495,456 | 1,305,222 |
| net assets | 393,908 | 464,006 | 176,636 | 7,881 |
| total shareholders funds | 393,908 | 464,006 | 176,636 | 7,881 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 28,459 | 23,568 | 25,738 | 14,757 |
| Amortisation | 0 | 1,056 | 0 | 1,056 |
| Tax | ||||
| Stock | -331,501 | -23,952 | 390,445 | 594,115 |
| Debtors | -9,006 | -145,391 | -83,107 | 524,025 |
| Creditors | -505,697 | 549,723 | -194,617 | 434,657 |
| Accruals and Deferred Income | 316,820 | -1,091,457 | 368,160 | 870,565 |
| Deferred Taxes & Provisions | 12,055 | -1,746 | 16,691 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 98,424 | -111,387 | 57,981 | 100,788 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 98,424 | -111,387 | 57,981 | 100,788 |
renforce manufacturing ltd Credit Report and Business Information
Renforce Manufacturing Ltd Competitor Analysis
Perform a competitor analysis for renforce manufacturing ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in S43 area or any other competitors across 12 key performance metrics.
renforce manufacturing ltd Ownership
RENFORCE MANUFACTURING LTD group structure
Renforce Manufacturing Ltd has no subsidiary companies.
Ultimate parent company
RENFORCE MANUFACTURING LTD
12579547
renforce manufacturing ltd directors
Renforce Manufacturing Ltd currently has 2 directors. The longest serving directors include Mr Dwayne Ball (Apr 2020) and Mr Henry Dickinson (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dwayne Ball | United Kingdom | 38 years | Apr 2020 | - | Director |
| Mr Henry Dickinson | 62 years | Feb 2024 | - | Director |
P&L
December 2023turnover
2.2m
-29%
operating profit
-75.2k
0%
gross margin
29.5%
+4.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
393.9k
-0.15%
total assets
1.2m
-0.17%
cash
145.8k
+2.08%
net assets
Total assets minus all liabilities
Similar Companies
renforce manufacturing ltd company details
company number
12579547
Type
Private limited with Share Capital
industry
25930 - Manufacture of wire products, chain and springs
incorporation date
April 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
UBT ACCOUNTANTS LTD
auditor
-
address
renishaw colliery, staveley ln,, staveley, eckington, chesterfield, S43 3YQ
Bank
-
Legal Advisor
-
renforce manufacturing 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 renforce manufacturing ltd.
renforce manufacturing 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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renforce manufacturing ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
