weldtite manufacturing limited
weldtite manufacturing limited Company Information
Company Number
13184357
Website
-Registered Address
unit 9 harrier road, humber bridge industrial estate, barton-upon-humber, DN18 5RP
Industry
Manufacture of bicycles and invalid carriages
Manufacture of sports goods
Telephone
01652660000
Next Accounts Due
4 days late
Group Structure
View All
Shareholders
paul davis 50.5%
charles bennett-baggs & judith bennett-baggs & ian holgate & nicholas coghill 12.6%
View Allweldtite manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of WELDTITE MANUFACTURING LIMITED at £64.6k based on a Turnover of £149.9k and 0.43x industry multiple (adjusted for size and gross margin).
weldtite manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of WELDTITE MANUFACTURING LIMITED at £1.4m based on an EBITDA of £378.2k and a 3.82x industry multiple (adjusted for size and gross margin).
weldtite manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of WELDTITE MANUFACTURING LIMITED at £3.4m based on Net Assets of £1.9m and 1.77x industry multiple (adjusted for liquidity).
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Weldtite Manufacturing Limited Overview
Weldtite Manufacturing Limited is a live company located in barton-upon-humber, DN18 5RP with a Companies House number of 13184357. It operates in the manufacture of bicycles and invalid carriages sector, SIC Code 30920. Founded in February 2021, it's largest shareholder is paul davis with a 50.5% stake. Weldtite Manufacturing Limited is a startup, micro sized company, Pomanda has estimated its turnover at £149.9k with unknown growth in recent years.
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Weldtite Manufacturing Limited Health Check
Pomanda's financial health check has awarded Weldtite Manufacturing Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
4 Weak
Size
annual sales of £149.9k, make it smaller than the average company (£9.8m)
- Weldtite Manufacturing Limited
£9.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Weldtite Manufacturing Limited
- - Industry AVG
Production
with a gross margin of 31.4%, this company has a comparable cost of product (31.4%)
- Weldtite Manufacturing Limited
31.4% - Industry AVG
Profitability
an operating margin of 252.3% make it more profitable than the average company (3.6%)
- Weldtite Manufacturing Limited
3.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (73)
1 - Weldtite Manufacturing Limited
73 - Industry AVG
Pay Structure
on an average salary of £36k, the company has an equivalent pay structure (£36k)
- Weldtite Manufacturing Limited
£36k - Industry AVG
Efficiency
resulting in sales per employee of £149.9k, this is equally as efficient (£149.9k)
- Weldtite Manufacturing Limited
£149.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Weldtite Manufacturing Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Weldtite Manufacturing Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Weldtite Manufacturing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Weldtite Manufacturing Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.5%, this is a higher level of debt than the average (66%)
84.5% - Weldtite Manufacturing Limited
66% - Industry AVG
WELDTITE MANUFACTURING LIMITED financials
Weldtite Manufacturing Limited's latest turnover from December 2022 is estimated at £149.9 thousand and the company has net assets of £1.9 million. According to their latest financial statements, Weldtite Manufacturing Limited has 1 employee and maintains cash reserves of £958 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 7,480,470 | |
| Other Income Or Grants | 0 | |
| Cost Of Sales | 3,749,275 | |
| Gross Profit | 3,731,195 | |
| Admin Expenses | 2,259,734 | |
| Operating Profit | 1,471,461 | |
| Interest Payable | 214,605 | |
| Interest Receivable | 9,825 | |
| Pre-Tax Profit | 1,266,681 | |
| Tax | -234,984 | |
| Profit After Tax | 1,031,697 | |
| Dividends Paid | 0 | |
| Retained Profit | 1,031,697 | |
| Employee Costs | 1,753,125 | |
| Number Of Employees | 1 | 52 |
| EBITDA* | 1,849,412 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 0 | 233,119 |
| Intangible Assets | 0 | 7,527,753 |
| Investments & Other | 12,319,395 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 12,319,395 | 7,760,872 |
| Stock & work in progress | 0 | 1,767,506 |
| Trade Debtors | 0 | 744,271 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 193,725 |
| Cash | 958 | 457,388 |
| misc current assets | 0 | 0 |
| total current assets | 958 | 3,162,890 |
| total assets | 12,320,353 | 10,923,762 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 81,726 |
| Group/Directors Accounts | 4,222,167 | 870,000 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 516,068 | 419,922 |
| total current liabilities | 4,738,235 | 1,371,648 |
| loans | 0 | 7,602,805 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 41,567 |
| other liabilities | 5,675,495 | 0 |
| provisions | 0 | 21,405 |
| total long term liabilities | 5,675,495 | 7,665,777 |
| total liabilities | 10,413,730 | 9,037,425 |
| net assets | 1,906,623 | 1,886,337 |
| total shareholders funds | 1,906,623 | 1,886,337 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,471,461 | |
| Depreciation | 0 | 49,523 |
| Amortisation | 0 | 328,428 |
| Tax | -234,984 | |
| Stock | -1,767,506 | 1,767,506 |
| Debtors | -937,996 | 937,996 |
| Creditors | -81,726 | 81,726 |
| Accruals and Deferred Income | 54,579 | 461,489 |
| Deferred Taxes & Provisions | -21,405 | 21,405 |
| Cash flow from operations | -526,454 | |
| Investing Activities | ||
| capital expenditure | 0 | |
| Change in Investments | 12,319,395 | 0 |
| cash flow from investments | 0 | |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 3,352,167 | 870,000 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -7,602,805 | 7,602,805 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 5,675,495 | 0 |
| share issue | ||
| interest | -204,780 | |
| cash flow from financing | 9,122,665 | |
| cash and cash equivalents | ||
| cash | -456,430 | 457,388 |
| overdraft | 0 | 0 |
| change in cash | -456,430 | 457,388 |
weldtite manufacturing limited Credit Report and Business Information
Weldtite Manufacturing Limited Competitor Analysis
Perform a competitor analysis for weldtite manufacturing limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in DN18 area or any other competitors across 12 key performance metrics.
weldtite manufacturing limited Ownership
WELDTITE MANUFACTURING LIMITED group structure
Weldtite Manufacturing Limited has 1 subsidiary company.
Ultimate parent company
WELDTITE MANUFACTURING LIMITED
13184357
1 subsidiary
weldtite manufacturing limited directors
Weldtite Manufacturing Limited currently has 5 directors. The longest serving directors include Mr Paul Davis (Feb 2021) and Mr David Bennett-Baggs (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Davis | United Kingdom | 56 years | Feb 2021 | - | Director |
| Mr David Bennett-Baggs | England | 64 years | Mar 2021 | - | Director |
| Mr Charles Bennett-Baggs | England | 72 years | Mar 2021 | - | Director |
| Mr Jonathan Bennett-Baggs | England | 66 years | Mar 2021 | - | Director |
| Mrs Olga Leach | England | 45 years | Jan 2023 | - | Director |
P&L
December 2022turnover
149.9k
-98%
operating profit
378.2k
0%
gross margin
31.5%
-36.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.9m
+0.01%
total assets
12.3m
+0.13%
cash
958
-1%
net assets
Total assets minus all liabilities
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weldtite manufacturing limited company details
company number
13184357
Type
Private limited with Share Capital
industry
30920 - Manufacture of bicycles and invalid carriages
32300 - Manufacture of sports goods
incorporation date
February 2021
age
3
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
unit 9 harrier road, humber bridge industrial estate, barton-upon-humber, DN18 5RP
accountant
SMAILES GOLDIE
auditor
-
weldtite manufacturing 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 found 1 charges/mortgages relating to weldtite manufacturing limited. Currently there are 1 open charges and 0 have been satisfied in the past.
weldtite manufacturing limited Companies House Filings - See Documents
| date | description | view/download |
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