stewart pinned products ltd.
stewart pinned products ltd. Company Information
Company Number
SC015031
Next Accounts
Mar 2025
Shareholders
j & d wilkie (holding company) ltd
Group Structure
View All
Industry
Manufacture of machinery for food, beverage and tobacco processing
Registered Address
marywell works marywell brae, kirriemuir, angus, DD8 4BJ
Website
http://pinnedproducts.co.ukstewart pinned products ltd. Estimated Valuation
Pomanda estimates the enterprise value of STEWART PINNED PRODUCTS LTD. at £247.1k based on a Turnover of £339.2k and 0.73x industry multiple (adjusted for size and gross margin).
stewart pinned products ltd. Estimated Valuation
Pomanda estimates the enterprise value of STEWART PINNED PRODUCTS LTD. at £1.2m based on an EBITDA of £225.6k and a 5.24x industry multiple (adjusted for size and gross margin).
stewart pinned products ltd. Estimated Valuation
Pomanda estimates the enterprise value of STEWART PINNED PRODUCTS LTD. at £1.1m based on Net Assets of £436.1k and 2.49x industry multiple (adjusted for liquidity).
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Stewart Pinned Products Ltd. Overview
Stewart Pinned Products Ltd. is a live company located in angus, DD8 4BJ with a Companies House number of SC015031. It operates in the manufacture of machinery for food, beverage and tobacco processing sector, SIC Code 28930. Founded in April 1928, it's largest shareholder is j & d wilkie (holding company) ltd with a 100% stake. Stewart Pinned Products Ltd. is a mature, micro sized company, Pomanda has estimated its turnover at £339.2k with healthy growth in recent years.
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Stewart Pinned Products Ltd. Health Check
Pomanda's financial health check has awarded Stewart Pinned Products Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £339.2k, make it smaller than the average company (£16.5m)
- Stewart Pinned Products Ltd.
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (2.4%)
- Stewart Pinned Products Ltd.
2.4% - Industry AVG
Production
with a gross margin of 23.1%, this company has a higher cost of product (30.5%)
- Stewart Pinned Products Ltd.
30.5% - Industry AVG
Profitability
an operating margin of 66.5% make it more profitable than the average company (6.5%)
- Stewart Pinned Products Ltd.
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (82)
1 - Stewart Pinned Products Ltd.
82 - Industry AVG
Pay Structure
on an average salary of £55.4k, the company has an equivalent pay structure (£55.4k)
- Stewart Pinned Products Ltd.
£55.4k - Industry AVG
Efficiency
resulting in sales per employee of £339.2k, this is more efficient (£233.9k)
- Stewart Pinned Products Ltd.
£233.9k - Industry AVG
Debtor Days
it gets paid by customers after 250 days, this is later than average (77 days)
- Stewart Pinned Products Ltd.
77 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (41 days)
- Stewart Pinned Products Ltd.
41 days - Industry AVG
Stock Days
it holds stock equivalent to 61 days, this is in line with average (66 days)
- Stewart Pinned Products Ltd.
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (7 weeks)
5 weeks - Stewart Pinned Products Ltd.
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32%, this is a lower level of debt than the average (54.7%)
32% - Stewart Pinned Products Ltd.
54.7% - Industry AVG
STEWART PINNED PRODUCTS LTD. financials
Stewart Pinned Products Ltd.'s latest turnover from June 2023 is estimated at £339.2 thousand and the company has net assets of £436.1 thousand. According to their latest financial statements, Stewart Pinned Products Ltd. has 1 employee and maintains cash reserves of £19.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 807,898 | 1,016,948 | 1,155,546 | 1,397,014 | 1,254,726 | 1,067,935 | ||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 594,807 | 694,289 | 740,031 | 969,831 | 811,974 | 659,881 | ||||||||
| Gross Profit | 213,091 | 322,659 | 415,515 | 427,183 | 442,752 | 408,054 | ||||||||
| Admin Expenses | 344,590 | 225,377 | 306,892 | 298,068 | 261,808 | 224,772 | ||||||||
| Operating Profit | -131,499 | 97,282 | 108,623 | 129,115 | 180,944 | 183,282 | ||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -121,116 | 158,399 | 175,117 | 191,825 | 242,611 | 183,282 | ||||||||
| Tax | ||||||||||||||
| Profit After Tax | -121,116 | 158,399 | 175,117 | 191,825 | 242,611 | 183,282 | ||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -121,116 | 158,399 | 175,117 | 191,825 | 242,611 | 183,282 | ||||||||
| Employee Costs | 413,898 | 337,134 | 372,527 | 383,241 | 356,736 | 305,856 | ||||||||
| Number Of Employees | 1 | 1 | 1 | 2 | 3 | 7 | 6 | 9 | 15 | 15 | 15 | 14 | 14 | 14 |
| EBITDA* | -131,499 | 97,282 | 108,623 | 129,115 | 180,944 | 183,282 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 191,071 | 175,571 | 175,571 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 175,571 | 191,071 | 175,571 | 175,571 |
| Stock & work in progress | 44,084 | 42,526 | 38,424 | 53,616 | 53,607 | 79,328 | 67,100 | 77,220 | 104,593 | 106,116 | 103,005 | 105,018 | 122,962 | 129,072 |
| Trade Debtors | 233,068 | 46,430 | 77,737 | 96,569 | 127,872 | 68,378 | 42,246 | 80,798 | 130,332 | 150,850 | 173,129 | 250,136 | 185,723 | 158,550 |
| Group Debtors | 151,362 | 152,232 | 143,679 | 428,228 | 392,949 | 408,420 | 90,811 | 397,384 | 455,876 | 591,732 | 471,668 | 173,485 | 20,666 | |
| Misc Debtors | 17,657 | 53,197 | 19,969 | 33,191 | 14,511 | 26,595 | 28,152 | 37,799 | 42,261 | 30,337 | 56,465 | 77,027 | 88,229 | 15,476 |
| Cash | 19,792 | 8,174 | 27,700 | 28,806 | 32,821 | 116,407 | 482,536 | 14,472 | 9,887 | 13,109 | 22,921 | 14,365 | 7 | 7 |
| misc current assets | ||||||||||||||
| total current assets | 465,963 | 302,559 | 307,509 | 640,410 | 621,760 | 699,128 | 710,845 | 607,673 | 742,949 | 892,144 | 827,188 | 620,031 | 417,587 | 303,105 |
| total assets | 641,534 | 478,130 | 483,080 | 815,981 | 797,331 | 874,699 | 886,416 | 783,244 | 918,520 | 1,067,715 | 1,002,759 | 811,102 | 593,158 | 478,676 |
| Bank overdraft | 25,932 | 47,801 | 27,053 | |||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 7,317 | 9,082 | 10,317 | 1,856 | 13,635 | 7,735 | 10,269 | 8,159 | 37,890 | 87,963 | 80,460 | 74,607 | 102,683 | 62,356 |
| Group/Directors Accounts | 115,910 | 95,023 | 87,958 | 164,547 | 84,004 | 138,856 | 172,110 | 52,887 | 19,143 | 176,872 | ||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 56,239 | 106,574 | 76,629 | 65,353 | 25,064 | 85,933 | 47,819 | 67,209 | 23,618 | 20,767 | 121,713 | 111,026 | 56,831 | 48,415 |
| total current liabilities | 205,398 | 210,679 | 174,904 | 231,756 | 170,504 | 259,577 | 230,198 | 128,255 | 80,651 | 108,730 | 202,173 | 185,633 | 159,514 | 287,643 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | ||||||||||||||
| total liabilities | 205,398 | 210,679 | 174,904 | 231,756 | 170,504 | 259,577 | 230,198 | 128,255 | 80,651 | 108,730 | 202,173 | 185,633 | 159,514 | 287,643 |
| net assets | 436,136 | 267,451 | 308,176 | 584,225 | 626,827 | 615,122 | 656,218 | 654,989 | 837,869 | 958,985 | 800,586 | 625,469 | 433,644 | 191,033 |
| total shareholders funds | 436,136 | 267,451 | 308,176 | 584,225 | 626,827 | 615,122 | 656,218 | 654,989 | 837,869 | 958,985 | 800,586 | 625,469 | 433,644 | 191,033 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -131,499 | 97,282 | 108,623 | 129,115 | 180,944 | 183,282 | ||||||||
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | 1,558 | 4,102 | -15,192 | 9 | -25,721 | 12,228 | -10,120 | -27,373 | -1,523 | 3,111 | -2,013 | -17,944 | -6,110 | 129,072 |
| Debtors | 150,228 | 10,474 | -316,603 | 22,656 | 31,939 | 342,184 | -354,772 | -112,488 | -144,450 | 71,657 | 200,614 | 206,030 | 120,592 | 174,026 |
| Creditors | -1,765 | -1,235 | 8,461 | -11,779 | 5,900 | -2,534 | 2,110 | -29,731 | -50,073 | 7,503 | 5,853 | -28,076 | 40,327 | 62,356 |
| Accruals and Deferred Income | -50,335 | 29,945 | 11,276 | 40,289 | -60,869 | 38,114 | -19,390 | 43,591 | 2,851 | -100,946 | 10,687 | 54,195 | 8,416 | 48,415 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | -32,748 | -70,929 | -73,438 | -32,852 | 115,205 | -9,045 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 15,500 | |||||||||||||
| Change in Investments | -15,500 | 15,500 | 175,571 | |||||||||||
| cash flow from investments | 31,000 | -15,500 | -175,571 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 20,887 | 7,065 | -76,589 | 80,543 | -54,852 | -33,254 | 119,223 | 33,744 | 19,143 | -176,872 | 176,872 | |||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | 19,143 | -176,872 | 184,623 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 11,618 | -19,526 | -1,106 | -4,015 | -83,586 | -366,129 | 468,064 | 4,585 | -3,222 | -9,812 | 8,556 | 14,358 | 7 | |
| overdraft | 25,932 | -47,801 | 20,748 | 27,053 | ||||||||||
| change in cash | -14,314 | -19,526 | -1,106 | 43,786 | -104,334 | -393,182 | 468,064 | 4,585 | -3,222 | -9,812 | 8,556 | 14,358 | 7 |
stewart pinned products ltd. Credit Report and Business Information
Stewart Pinned Products Ltd. Competitor Analysis
Perform a competitor analysis for stewart pinned products ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in DD8 area or any other competitors across 12 key performance metrics.
stewart pinned products ltd. Ownership
STEWART PINNED PRODUCTS LTD. group structure
Stewart Pinned Products Ltd. has no subsidiary companies.
Ultimate parent company
2 parents
STEWART PINNED PRODUCTS LTD.
SC015031
stewart pinned products ltd. directors
Stewart Pinned Products Ltd. currently has 2 directors. The longest serving directors include Mr Michael White (Jun 2014) and Mr Hamish Rowan (Jun 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael White | 55 years | Jun 2014 | - | Director | |
| Mr Hamish Rowan | Scotland | 40 years | Jun 2014 | - | Director |
P&L
June 2023turnover
339.2k
+157%
operating profit
225.6k
0%
gross margin
23.2%
+16.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
436.1k
+0.63%
total assets
641.5k
+0.34%
cash
19.8k
+1.42%
net assets
Total assets minus all liabilities
stewart pinned products ltd. company details
company number
SC015031
Type
Private limited with Share Capital
industry
28930 - Manufacture of machinery for food, beverage and tobacco processing
incorporation date
April 1928
age
97
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
ogilvy brothers, kirriemuir limited (August 2001)
accountant
-
auditor
-
address
marywell works marywell brae, kirriemuir, angus, DD8 4BJ
Bank
BANK OF SCOTLAND
Legal Advisor
-
stewart pinned products 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 found 6 charges/mortgages relating to stewart pinned products ltd.. Currently there are 4 open charges and 2 have been satisfied in the past.
stewart pinned products 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.
Click to start generating capital raising & share issue transactions for STEWART PINNED PRODUCTS LTD.. This can take several minutes, an email will notify you when this has completed.
stewart pinned products ltd. Companies House Filings - See Documents
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