axalta coating systems huthwaite uk limitedEstimated Valuation
£7.5m
Pomanda estimates the enterprise value of AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED at £7.5m based on a Turnover of £13.7m and 0.55x industry multiple (adjusted for size and gross margin).
axalta coating systems huthwaite uk limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED at £0 based on an EBITDA of £-956.7k and a 3.62x industry multiple (adjusted for size and gross margin).
axalta coating systems huthwaite uk limitedEstimated Valuation
£19.8m
Pomanda estimates the enterprise value of AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED at £19.8m based on Net Assets of £9.4m and 2.1x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Axalta Coating Systems Huthwaite Uk LimitedOverview
Axalta Coating Systems Huthwaite Uk Limited is a live company located in aberdeen, AB11 5DD with a Companies House number of SC007479. It operates in the manufacture of paints, varnishes and similar coatings, mastics and sealants sector, SIC Code 20301. Founded in March 1909, it's largest shareholder is
spencer coatings group ltd
with a 100% stake. Axalta Coating Systems Huthwaite Uk Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£13.7m with
healthy
growth in recent years.
Axalta Coating Systems Huthwaite Uk Limited Health Check
Pomanda's financial health check has awarded Axalta Coating Systems Huthwaite Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £13.7m, make it smaller than the average company (£25m)
£13.7m - Axalta Coating Systems Huthwaite Uk Limited
£25m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (6.9%)
8% - Axalta Coating Systems Huthwaite Uk Limited
6.9% - Industry AVG
Production
with a gross margin of 13.7%, this company has a higher cost of product (30.5%)
13.7% - Axalta Coating Systems Huthwaite Uk Limited
30.5% - Industry AVG
Profitability
an operating margin of -12.5% make it less profitable than the average company (4.5%)
-12.5% - Axalta Coating Systems Huthwaite Uk Limited
4.5% - Industry AVG
Employees
with 89 employees, this is similar to the industry average (82)
89 - Axalta Coating Systems Huthwaite Uk Limited
82 - Industry AVG
Pay Structure
on an average salary of £37.3k, the company has a lower pay structure (£48k)
£37.3k - Axalta Coating Systems Huthwaite Uk Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £154.2k, this is less efficient (£286.2k)
£154.2k - Axalta Coating Systems Huthwaite Uk Limited
£286.2k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (54 days)
56 days - Axalta Coating Systems Huthwaite Uk Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (40 days)
24 days - Axalta Coating Systems Huthwaite Uk Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 129 days, this is more than average (71 days)
129 days - Axalta Coating Systems Huthwaite Uk Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 21 weeks, this is more cash available to meet short term requirements (4 weeks)
21 weeks - Axalta Coating Systems Huthwaite Uk Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.8%, this is a lower level of debt than the average (44.2%)
37.8% - Axalta Coating Systems Huthwaite Uk Limited
44.2% - Industry AVG
AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED financials
EXPORT
Axalta Coating Systems Huthwaite Uk Limited's latest turnover from December 2023 is £13.7 million and the company has net assets of £9.4 million. According to their latest financial statements, Axalta Coating Systems Huthwaite Uk Limited has 89 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
13,727,755
16,220,462
12,480,340
10,890,698
11,924,798
12,459,442
14,731,208
12,989,143
13,762,203
16,014,393
16,791,998
6,710,694
6,309,034
5,865,286
Other Income Or Grants
Cost Of Sales
11,851,418
14,645,667
9,868,562
7,852,224
9,005,724
8,444,876
9,869,909
8,252,452
9,182,234
10,754,096
11,056,762
4,225,019
3,959,281
3,597,487
Gross Profit
1,876,337
1,574,795
2,611,778
3,038,474
2,919,074
4,014,566
4,861,299
4,736,691
4,579,969
5,260,297
5,735,236
2,485,675
2,349,753
2,267,799
Admin Expenses
3,597,023
4,277,164
3,418,123
2,398,027
2,592,763
2,699,825
4,439,040
3,638,455
3,706,631
3,893,763
4,583,830
1,640,497
1,746,888
1,714,115
Operating Profit
-1,720,686
-2,702,369
-806,345
640,447
326,311
1,314,741
422,259
1,098,236
873,338
1,366,534
1,151,406
845,178
602,865
553,684
Interest Payable
332,760
67,429
274
249
17,431
24,293
106,029
221,602
130,337
154,258
308,235
201,155
173,140
153,992
Interest Receivable
22,029
4,393
146
32
Pre-Tax Profit
-2,031,417
-2,765,405
-806,473
640,198
308,880
1,290,448
316,230
876,634
750,500
1,327,671
1,482,261
644,055
429,725
399,692
Tax
-426,612
-48,124
-1,635
-44,768
89,518
-112,146
-87,959
-268,215
-131,373
305,613
-873,340
-178,144
-120,393
-95,812
Profit After Tax
-2,458,029
-2,813,529
-808,108
595,430
398,398
1,178,302
228,271
608,419
619,127
1,633,284
608,921
465,911
309,332
303,880
Dividends Paid
200,000
450,000
250,000
Retained Profit
-2,458,029
-2,813,529
-808,108
595,430
398,398
1,178,302
228,271
608,419
419,127
1,183,284
358,921
465,911
309,332
303,880
Employee Costs
3,315,699
3,386,931
2,461,651
2,102,436
2,195,933
2,198,653
3,516,230
2,843,325
3,090,539
3,040,943
3,684,292
1,506,901
1,527,256
1,489,161
Number Of Employees
89
96
74
65
68
76
97
97
108
107
87
55
55
50
EBITDA*
-956,664
-2,040,689
-394,620
941,078
618,360
1,612,904
1,176,827
1,899,096
1,553,801
1,982,568
1,650,521
989,126
768,673
713,034
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
6,049,457
6,433,560
5,182,223
2,916,610
3,007,095
2,995,695
2,667,889
3,271,618
2,611,140
2,508,286
901,608
3,555,009
3,591,748
3,606,891
Intangible Assets
39,456
39,456
39,456
39,456
39,456
39,456
60,616
419,033
918,028
955,443
1,372,203
50,873
77,681
124,654
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
6,088,913
6,473,016
5,221,679
2,956,066
3,046,551
3,035,151
2,728,505
3,690,651
3,529,168
3,463,729
2,273,811
3,605,882
3,669,429
3,731,545
Stock & work in progress
4,190,655
5,261,587
4,217,429
1,838,856
1,861,592
2,197,240
2,052,010
2,159,624
2,458,111
2,552,876
2,508,129
1,497,269
1,263,937
1,318,152
Trade Debtors
2,125,312
2,626,025
2,906,207
1,683,716
1,935,842
2,175,310
1,862,884
2,899,985
3,042,988
4,003,861
3,631,981
1,407,063
1,517,554
1,293,329
Group Debtors
739,646
163,912
2,520,906
2,322,721
2,585,956
2,093,690
1,570,340
3,912,003
1,090,390
Misc Debtors
74,037
53,212
228,274
3,724
132,773
43,463
53,853
322,877
532,498
349,476
2,704,810
266,112
203,023
213,811
Cash
1,942,923
1,121,945
824,217
2,546,815
243,026
615,942
1,027,611
10,493
9,958
15,546
7,413
5,358
3,407
1,414,740
misc current assets
total current assets
9,072,573
9,226,681
10,697,033
8,395,832
6,759,189
7,125,645
6,566,698
9,304,982
7,133,945
6,921,759
8,852,333
3,175,802
2,987,921
4,240,032
total assets
15,161,486
15,699,697
15,918,712
11,351,898
9,805,740
10,160,796
9,295,203
12,995,633
10,663,113
10,385,488
11,126,144
6,781,684
6,657,350
7,971,577
Bank overdraft
2,544,809
2,514,658
83,892
676,872
472,771
453,156
535,654
Bank loan
81,710
Trade Creditors
794,475
1,292,718
1,777,431
1,274,913
562,002
932,444
1,066,533
1,636,415
1,662,855
2,283,154
2,617,327
840,984
795,902
729,732
Group/Directors Accounts
3,289,346
6,703,535
3,669,002
1,352,752
1,352,366
1,876,497
1,974,036
1,575,123
524,157
551,400
355,013
291,573
664,616
other short term finances
1,283,223
1,480,379
806,182
891,784
822,726
hp & lease commitments
21,731
68,311
114,491
103,477
84,073
46,014
47,721
29,522
other current liabilities
652,521
730,627
734,057
679,538
486,374
371,875
452,477
529,812
699,870
602,768
741,166
416,486
331,632
280,768
total current liabilities
4,736,342
8,726,880
6,180,490
3,307,203
2,400,742
3,180,816
3,514,777
6,354,470
4,991,874
4,962,381
6,151,217
2,937,450
2,811,768
3,063,018
loans
971,558
701,815
786,234
268,799
1,230,000
1,700,000
3,093,750
hp & lease commitments
47,226
69,709
100,249
140,427
57,805
51,223
35,507
Accruals and Deferred Income
other liabilities
provisions
996,371
569,759
521,635
520,000
475,733
449,113
427,861
498,085
383,840
439,876
1,652,237
1,886
5,727
total long term liabilities
996,371
569,759
521,635
520,000
475,733
449,113
427,861
1,516,869
1,155,364
1,326,359
2,061,463
1,289,691
1,756,950
3,129,257
total liabilities
5,732,713
9,296,639
6,702,125
3,827,203
2,876,475
3,629,929
3,942,638
7,871,339
6,147,238
6,288,740
8,212,680
4,227,141
4,568,718
6,192,275
net assets
9,428,773
6,403,058
9,216,587
7,524,695
6,929,265
6,530,867
5,352,565
5,124,294
4,515,875
4,096,748
2,913,464
2,554,543
2,088,632
1,779,302
total shareholders funds
9,428,773
6,403,058
9,216,587
7,524,695
6,929,265
6,530,867
5,352,565
5,124,294
4,515,875
4,096,748
2,913,464
2,554,543
2,088,632
1,779,302
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-1,720,686
-2,702,369
-806,345
640,447
326,311
1,314,741
422,259
1,098,236
873,338
1,366,534
1,151,406
845,178
602,865
553,684
Depreciation
764,022
661,680
411,725
300,631
292,049
270,084
357,856
279,545
242,578
159,437
254,880
117,140
118,835
106,514
Amortisation
28,079
396,712
521,315
437,885
456,597
244,235
26,808
46,973
52,836
Tax
-426,612
-48,124
-1,635
-44,768
89,518
-112,146
-87,959
-268,215
-131,373
305,613
-873,340
-178,144
-120,393
-95,812
Stock
-1,070,932
1,044,158
2,378,573
-22,736
-335,648
145,230
-107,614
-298,487
-94,765
44,747
1,010,860
233,332
-54,215
1,318,152
Debtors
95,846
-2,812,238
1,645,226
-644,410
342,108
825,386
-3,647,788
2,468,989
312,539
-1,983,454
4,663,616
-47,402
213,437
1,507,140
Creditors
-498,243
-484,713
502,518
712,911
-370,442
-134,089
-569,882
-26,440
-620,299
-334,173
1,776,343
45,082
66,170
729,732
Accruals and Deferred Income
-78,106
-3,430
54,519
193,164
114,499
-80,602
-77,335
-170,058
97,102
-138,398
324,680
84,854
50,864
280,768
Deferred Taxes & Provisions
426,612
48,124
1,635
44,267
26,620
21,252
-70,224
114,245
-56,036
-1,212,361
1,650,351
-3,841
5,727
Cash flow from operations
-557,927
-760,752
-3,861,382
2,513,798
472,095
336,703
4,126,829
-621,874
625,421
2,541,956
-1,145,921
751,147
611,819
-1,197,570
Investing Activities
capital expenditure
-379,919
-1,913,017
-2,677,338
-210,146
-303,449
-604,809
207,578
-962,343
-745,902
-1,805,952
832,956
-80,401
-103,692
-3,890,895
Change in Investments
cash flow from investments
-379,919
-1,913,017
-2,677,338
-210,146
-303,449
-604,809
207,578
-962,343
-745,902
-1,805,952
832,956
-80,401
-103,692
-3,890,895
Financing Activities
Bank loans
-81,710
81,710
Group/Directors Accounts
-3,414,189
3,034,533
2,316,250
386
-524,131
-97,539
398,913
1,575,123
-524,157
-27,243
196,387
63,440
-373,043
664,616
Other Short Term Loans
-1,283,223
-197,156
674,197
-85,602
69,058
822,726
Long term loans
-971,558
269,743
-84,419
517,435
-961,201
-470,000
-1,393,750
3,093,750
Hire Purchase and Lease Commitments
-21,731
-93,806
-68,663
-19,526
-20,774
120,681
4,875
33,915
65,029
other long term liabilities
share issue
5,483,744
2,500,000
-2
1,475,422
interest
-310,731
-63,036
-128
-249
-17,431
-24,293
-106,029
-221,602
-130,337
-154,258
-308,235
-201,123
-173,140
-153,992
cash flow from financing
1,758,824
2,971,497
4,816,122
137
-541,562
-143,563
-772,480
1,554,601
-2,123,372
199,714
-278,171
-688,410
-1,836,962
5,967,551
cash and cash equivalents
cash
820,978
297,728
-1,722,598
2,303,789
-372,916
-411,669
1,017,118
535
-5,588
8,133
2,055
1,951
-1,411,333
1,414,740
overdraft
-2,544,809
30,151
2,430,766
-592,980
204,101
19,615
-82,498
535,654
change in cash
820,978
297,728
-1,722,598
2,303,789
-372,916
-411,669
3,561,927
-29,616
-2,436,354
601,113
-202,046
-17,664
-1,328,835
879,086
axalta coating systems huthwaite uk 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 axalta coating systems huthwaite uk limited. Get real-time insights into axalta coating systems huthwaite uk limited's credit score, group structure and payment trends.
Axalta Coating Systems Huthwaite Uk Limited Competitor Analysis
Perform a competitor analysis for axalta coating systems huthwaite uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in AB11 area or any other competitors across 12 key performance metrics.
axalta coating systems huthwaite uk limited Ownership
AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED group structure
Axalta Coating Systems Huthwaite Uk Limited has no subsidiary companies.
AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED Shareholders
The sole shareholder of Axalta Coating Systems Huthwaite Uk Limited is Spencer Coatings Group Ltd.
spencer coatings group ltd
100%
axalta coating systems huthwaite uk limited directors
Axalta Coating Systems Huthwaite Uk Limited currently has 2 directors.
The longest serving directors include
Mr Farrell Dolan (Jun 2019) and
Miss Laura Youens (Mar 2025).
axalta coating systems huthwaite uk limited company details
company number
SC007479
Type
Private limited with Share Capital
industry
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
incorporation date
March 1909
age
116
incorporated
UK
ultimate parent company
AXALTA COATING SYSTEMS LUXEMBOURG HOLDIN
accounts
Full Accounts
last accounts submitted
December 2023
previous names
spencer coatings limited (April 2018)
spencer (aberdeen) limited (October 1990)
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
6 york street, aberdeen, AB11 5DD
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
axalta coating systems huthwaite uk 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 8 charges/mortgages relating to axalta coating systems huthwaite uk limited. Currently there are 0 open charges and 8 have been satisfied in the past.
axalta coating systems huthwaite uk 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.
Click to start generating capital raising & share issue transactions for AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED. This can take several minutes, an email will notify you when this has completed.
axalta coating systems huthwaite uk limitedCompanies House Filings - See Documents
