soundtex partitions limited

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soundtex partitions limited Company Information

Share SOUNDTEX PARTITIONS LIMITED
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Company Number

SC090918

Registered Address

6th floor, gordon chambers, 90 mitchell street, glasgow, G1 3NQ

Industry

Joinery installation

 

Telephone

01236732749

Next Accounts Due

September 2024

Group Structure

View All

Directors

William Anderson18 Years

Lesley Anderson8 Years

Shareholders

hattin holdings ltd 100%

soundtex partitions limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of SOUNDTEX PARTITIONS LIMITED at £1.9m based on a Turnover of £5.5m and 0.35x industry multiple (adjusted for size and gross margin).

soundtex partitions limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of SOUNDTEX PARTITIONS LIMITED at £1.2m based on an EBITDA of £372.1k and a 3.22x industry multiple (adjusted for size and gross margin).

soundtex partitions limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of SOUNDTEX PARTITIONS LIMITED at £3.3m based on Net Assets of £1.3m and 2.57x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Soundtex Partitions Limited Overview

Soundtex Partitions Limited is a live company located in glasgow, G1 3NQ with a Companies House number of SC090918. It operates in the joinery installation sector, SIC Code 43320. Founded in December 1984, it's largest shareholder is hattin holdings ltd with a 100% stake. Soundtex Partitions Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.5m with healthy growth in recent years.

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Soundtex Partitions Limited Health Check

Pomanda's financial health check has awarded Soundtex Partitions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

1 Weak

size

Size

annual sales of £5.5m, make it larger than the average company (£342.2k)

£5.5m - Soundtex Partitions Limited

£342.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.4%)

14% - Soundtex Partitions Limited

4.4% - Industry AVG

production

Production

with a gross margin of 23.3%, this company has a comparable cost of product (23.3%)

23.3% - Soundtex Partitions Limited

23.3% - Industry AVG

profitability

Profitability

an operating margin of 6.2% make it as profitable than the average company (5.6%)

6.2% - Soundtex Partitions Limited

5.6% - Industry AVG

employees

Employees

with 44 employees, this is above the industry average (3)

44 - Soundtex Partitions Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.5k, the company has an equivalent pay structure (£31.5k)

£31.5k - Soundtex Partitions Limited

£31.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £124.6k, this is equally as efficient (£117.3k)

£124.6k - Soundtex Partitions Limited

£117.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Soundtex Partitions Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 69 days, this is slower than average (39 days)

69 days - Soundtex Partitions Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 28 days, this is more than average (17 days)

28 days - Soundtex Partitions Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (27 weeks)

36 weeks - Soundtex Partitions Limited

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.5%, this is a lower level of debt than the average (67.8%)

51.5% - Soundtex Partitions Limited

67.8% - Industry AVG

soundtex partitions limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Soundtex Partitions Limited Competitor Analysis

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Perform a competitor analysis for soundtex partitions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

soundtex partitions limited Ownership

SOUNDTEX PARTITIONS LIMITED group structure

Soundtex Partitions Limited has no subsidiary companies.

Ultimate parent company

SOUNDTEX PARTITIONS LIMITED

SC090918

SOUNDTEX PARTITIONS LIMITED Shareholders

hattin holdings ltd 100%

soundtex partitions limited directors

Soundtex Partitions Limited currently has 2 directors. The longest serving directors include Mr William Anderson (Sep 2005) and Mrs Lesley Anderson (May 2015).

officercountryagestartendrole
Mr William AndersonScotland57 years Sep 2005- Director
Mrs Lesley AndersonScotland55 years May 2015- Director

SOUNDTEX PARTITIONS LIMITED financials

EXPORTms excel logo

Soundtex Partitions Limited's latest turnover from December 2022 is estimated at £5.5 million and the company has net assets of £1.3 million. According to their latest financial statements, Soundtex Partitions Limited has 44 employees and maintains cash reserves of £918.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,482,4933,989,9986,823,1853,699,1374,304,3884,366,3232,199,0072,109,7453,037,4332,419,0372,546,8606,132,5652,554,7994,953,809
Other Income Or Grants00000000000000
Cost Of Sales4,203,7293,008,0175,103,6202,774,4923,007,3453,045,9551,554,1041,448,7902,103,4121,499,4881,622,8093,919,3671,619,3883,354,289
Gross Profit1,278,764981,9811,719,565924,6441,297,0431,320,368644,902660,955934,021919,549924,0512,213,198935,4111,599,520
Admin Expenses939,653257,8721,694,284796,0921,290,1601,598,014387,928426,342759,5921,151,567944,7632,116,126853,7251,532,643
Operating Profit339,111724,10925,281128,5526,883-277,646256,974234,613174,429-232,018-20,71297,07281,68666,877
Interest Payable3,8002,9691,525000000000561,008
Interest Receivable26,8398391692,2814,1574,7012,5283,3781,06843001253
Pre-Tax Profit362,151721,97923,925130,83311,040-272,945259,503237,991175,497-231,975-20,71297,07281,63166,122
Tax-68,809-137,176-4,546-24,858-2,0980-51,900-47,598-36,85400-23,021-15,169-19,222
Profit After Tax293,342584,80319,379105,9758,942-272,945207,602190,393138,643-231,975-20,71274,05166,46246,900
Dividends Paid000000000020,00020,00060,00050,000
Retained Profit293,342584,80319,379105,9758,942-272,945207,602190,393138,643-231,975-40,71254,0516,462-3,100
Employee Costs1,384,493771,924852,8111,049,881908,813857,405606,624583,626588,696548,861227,137251,634171,7181,096,555
Number Of Employees4427262826251614171518201823
EBITDA*372,147741,69642,958136,32225,668-261,560272,322247,608174,514-231,933-18,793101,73884,31271,657

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets115,42570,86547,63338,72625,85622,71130,73038,3935105954,75314,0017,89610,522
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets115,42570,86547,63338,72625,85622,71130,73038,3935105954,75314,0017,89610,522
Stock & work in progress330,519489,500627,934303,615379,911199,25173,51357,827126,731249,382273,179813,286248,007113,922
Trade Debtors00000000009620012,220
Group Debtors982,302501,200749,9610000000189,293240,289136,3670
Misc Debtors284,156149,89215,235322,290275,327213,134179,84000010,573000
Cash918,185615,48755,426281,770326,536781,9311,098,663923,996427,294017,39521,32148,146516,868
misc current assets00000000000000
total current assets2,515,1621,756,0791,448,556907,675981,7741,194,3161,352,016981,823554,025249,382491,4021,074,896432,520643,010
total assets2,630,5871,826,9441,496,189946,4011,007,6301,217,0271,382,7461,020,216554,535249,977496,1551,088,897440,416653,532
Bank overdraft10,0005,000000000000000
Bank loan00000000000000
Trade Creditors 803,955410,721526,622351,568460,406658,890306,938299,778415,469249,554170,681180,46782,067157,710
Group/Directors Accounts0000000111005,17190,6805,171148,185
other short term finances00000000000000
hp & lease commitments19,42124,19321,27411,470000000000522
other current liabilities464,276325,732497,787188,109270,293290,836534,163390,8680087,905544,640134,120131,874
total current liabilities1,297,652765,6461,045,683551,147730,699949,726841,101690,757415,469249,554263,757815,787221,358438,291
loans25,00040,00050,00000000000000
hp & lease commitments11,37823,3192,0958,8030000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions20,00114,76507,4193,8743,1854,5840000002,645
total long term liabilities56,37978,08452,09516,2223,8743,1854,5840000002,645
total liabilities1,354,031843,7301,097,778567,369734,573952,911845,685690,757415,469249,554263,757815,787221,358440,936
net assets1,276,556983,214398,411379,032273,057264,116537,061329,459139,066423232,398273,110219,058212,596
total shareholders funds1,276,556983,214398,411379,032273,057264,116537,061329,459139,066423232,398273,110219,058212,596
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit339,111724,10925,281128,5526,883-277,646256,974234,613174,429-232,018-20,71297,07281,68666,877
Depreciation33,03617,58717,6777,77018,78516,08615,34812,99585851,9194,6662,6264,780
Amortisation00000000000000
Tax-68,809-137,176-4,546-24,858-2,0980-51,900-47,598-36,85400-23,021-15,169-19,222
Stock-158,981-138,434324,319-76,296180,660125,73815,686-68,904-122,651-23,797-540,107565,279134,085113,922
Debtors615,366-114,104442,90646,96362,19333,294179,84000-200,828-39,461103,922124,14712,220
Creditors393,234-115,901175,054-108,838-198,484351,9527,160-115,691165,91578,873-9,78698,400-75,643157,710
Accruals and Deferred Income138,544-172,055309,678-82,184-20,543-243,327143,295390,8680-87,905-456,735410,5202,246131,874
Deferred Taxes & Provisions5,23614,765-7,4193,545689-1,3994,58400000-2,6452,645
Cash flow from operations383,967583,867-251,500-46,680-437,621-313,366179,935544,091426,226-16,34094,254-81,564-265,131218,522
Investing Activities
capital expenditure-77,596-40,819-26,584-20,640-21,930-8,067-7,685-50,87804,0737,329-10,7710-15,302
Change in Investments00000000000000
cash flow from investments-77,596-40,819-26,584-20,640-21,930-8,067-7,685-50,87804,0737,329-10,7710-15,302
Financing Activities
Bank loans00000000000000
Group/Directors Accounts000000-1111110-5,171-85,50985,509-143,014148,185
Other Short Term Loans 00000000000000
Long term loans-15,000-10,00050,00000000000000
Hire Purchase and Lease Commitments-16,71324,1433,09620,27300000000-522522
other long term liabilities00000000000000
share issue0000-100000010215,696
interest23,039-2,130-1,3562,2814,1574,7012,5283,3781,0684300-55-755
cash flow from financing-8,67412,01351,74022,5544,1564,7012,4173,4891,068-5,128-85,50985,510-143,591363,648
cash and cash equivalents
cash302,698560,061-226,344-44,766-455,395-316,732174,667496,702427,294-17,395-3,926-26,825-468,722516,868
overdraft5,0005,000000000000000
change in cash297,698555,061-226,344-44,766-455,395-316,732174,667496,702427,294-17,395-3,926-26,825-468,722516,868

P&L

December 2022

turnover

5.5m

+37%

operating profit

339.1k

0%

gross margin

23.4%

-5.23%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

1.3m

+0.3%

total assets

2.6m

+0.44%

cash

918.2k

+0.49%

net assets

Total assets minus all liabilities

soundtex partitions limited company details

company number

SC090918

Type

Private limited with Share Capital

industry

43320 - Joinery installation

incorporation date

December 1984

age

40

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

6th floor, gordon chambers, 90 mitchell street, glasgow, G1 3NQ

last accounts submitted

December 2022

soundtex partitions 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 did not find charges/mortgages relating to soundtex partitions limited.

charges

soundtex partitions limited Companies House Filings - See Documents

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