Nafems

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nafems Company Information

Company Number

SC127648

Next Accounts

71 days late

Directors

Costas Stavrinidis

Stewart Morrison

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Shareholders

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

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

Website

www.nafems.org

nafems Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of NAFEMS at £3.6m based on Net Assets of £1.7m and 2.13x industry multiple (adjusted for liquidity).

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Nafems is a live company located in glasgow, G1 3NQ with a Companies House number of SC127648. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 1990, it's largest shareholder is unknown. Nafems is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Nafems a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.1%)

EXPORT

Nafems's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Nafems has 13 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,887,530	947,272	1,532,262	1,381,490	1,394,859	2,126,030	1,657,606	1,582,792	2,922,176	2,579,110	3,595,595	1,773,960	2,155,912	1,422,159
Other Income Or Grants
Cost Of Sales	1,161,543	587,895	961,640	857,205	869,769	1,320,382	1,012,792	987,443	1,849,684	1,643,022	2,277,816	1,094,454	1,294,689	846,952
Gross Profit	725,986	359,377	570,622	524,286	525,090	805,648	644,814	595,349	1,072,492	936,088	1,317,779	679,506	861,222	575,207
Admin Expenses	606,508	38,540	394,513	248,241	575,796	676,447	642,988	560,312	1,040,115	624,300	1,219,160	488,180	776,768	238,609
Operating Profit	119,478	320,837	176,109	276,045	-50,706	129,201	1,826	35,037	32,377	311,788	98,619	191,326	84,454	336,598
Interest Payable						18,447	10,863
Interest Receivable	102,489	14,703	1,671	1,495	9,773	9,795	11,054	5,376	5,172	4,279	3,475	3,050	2,508	1,117
Pre-Tax Profit	221,967	335,540	177,780	277,540	-40,933	120,549	2,017	40,413	37,548	316,068	102,095	194,376	86,963	337,715
Tax	-42,174	-63,753	-33,778	-52,733		-23,584	-4,905	-8,082	-7,885	-72,696	-24,503	-50,538	-24,349	-94,560
Profit After Tax	179,793	271,787	144,002	224,807	-40,933	96,965	-2,888	32,330	29,663	243,372	77,592	143,838	62,613	243,155
Dividends Paid
Retained Profit	179,793	271,787	144,002	224,807	-40,933	96,965	-2,888	32,330	29,663	243,372	77,592	143,838	62,613	243,155
Employee Costs	582,010	465,076	402,365	397,747	385,840	654,876	497,543	356,496	817,351	740,750	1,009,461	520,833	617,325	424,957
Number Of Employees	13	11	10	10	10	18	14	10	23	21	29	15	18	12
EBITDA*	126,764	327,491	181,663	280,391	-48,979	132,963	5,809	38,429	34,518	313,342	100,345	194,193	87,945	340,068

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	4,075	5,306	4,842	5,580	3,307	5,034	8,805	9,063	3,772	4,217	4,307	5,760	5,118	7,039
Intangible Assets	2,273	5,788	9,459	10,154	8,613
Investments & Other	17,409	17,409	17,409	17,409	17,409	17,409	17,409	17,409	17,409	20,661	21,083	20,832	22,090	22,275
Debtors (Due After 1 year)
Total Fixed Assets	23,757	28,503	31,710	33,143	29,329	22,443	26,214	26,472	21,181	24,878	25,390	26,592	27,208	29,314
Stock & work in progress	10,311	5,152	8,747	18,380	12,499	13,087	13,750	13,529	13,745	13,009	14,214	13,341	13,521	16,709
Trade Debtors	357,479	118,372	312,957	254,285	269,256	241,653	324,127	302,577	298,364	271,512	413,613	172,746	230,256	137,591
Group Debtors
Misc Debtors	86,114	30,668	22,324	75,982	15,176	94,966	46,064	84,516
Cash	2,593,824	2,229,170	1,691,612	1,650,439	1,339,049	1,267,047	1,109,567	1,066,710	1,083,634	984,993	726,749	663,383	556,544	446,718
misc current assets
total current assets	3,047,728	2,383,362	2,035,640	1,999,086	1,635,980	1,616,753	1,493,508	1,467,332	1,395,743	1,269,514	1,154,576	849,470	800,321	601,018
total assets	3,071,485	2,411,865	2,067,350	2,032,229	1,665,309	1,639,196	1,519,722	1,493,804	1,416,924	1,294,392	1,179,966	876,062	827,529	630,332
Bank overdraft
Bank loan
Trade Creditors	81,910	92,271	48,854	76,973	82,085	79,940	32,690	107,072	616,691	523,822	652,768	426,456	521,761	387,177
Group/Directors Accounts								31,586
other short term finances
hp & lease commitments
other current liabilities	1,283,479	793,291	763,980	844,742	697,517	632,616	657,357	522,583
total current liabilities	1,365,389	885,562	812,834	921,715	779,602	712,556	690,047	661,241	616,691	523,822	652,768	426,456	521,761	387,177
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	1,365,389	885,562	812,834	921,715	779,602	712,556	690,047	661,241	616,691	523,822	652,768	426,456	521,761	387,177
net assets	1,706,096	1,526,303	1,254,516	1,110,514	885,707	926,640	829,675	832,563	800,233	770,570	527,198	449,606	305,768	243,155
total shareholders funds	1,706,096	1,526,303	1,254,516	1,110,514	885,707	926,640	829,675	832,563	800,233	770,570	527,198	449,606	305,768	243,155

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	119,478	320,837	176,109	276,045	-50,706	129,201	1,826	35,037	32,377	311,788	98,619	191,326	84,454	336,598
Depreciation	3,576	2,983	1,883	1,269	1,727	3,762	3,983	3,392	2,141	1,554	1,726	2,867	3,491	3,470
Amortisation	3,710	3,671	3,671	3,077
Tax	-42,174	-63,753	-33,778	-52,733		-23,584	-4,905	-8,082	-7,885	-72,696	-24,503	-50,538	-24,349	-94,560
Stock	5,159	-3,595	-9,633	5,881	-588	-663	221	-216	736	-1,205	873	-180	-3,188	16,709
Debtors	294,553	-186,241	5,014	45,835	-52,187	-33,572	-16,902	88,729	26,852	-142,101	240,867	-57,510	92,665	137,591
Creditors	-10,361	43,417	-28,119	-5,112	2,145	47,250	-74,382	-509,619	92,869	-128,946	226,312	-95,305	134,584	387,177
Accruals and Deferred Income	490,188	29,311	-80,762	147,225	64,901	-24,741	134,774	522,583
Deferred Taxes & Provisions
Cash flow from operations	264,705	526,302	43,623	318,055	70,842	166,123	77,977	-45,202	91,914	255,006	60,414	106,040	108,703	478,385
Investing Activities
capital expenditure	-2,540	-3,447	-4,121	-8,160	-8,613	9	-3,725	-8,683	-1,696	-1,464	-273	-3,509	-1,570	-10,509
Change in Investments									-3,252	-422	251	-1,258	-185	22,275
cash flow from investments	-2,540	-3,447	-4,121	-8,160	-8,613	9	-3,725	-8,683	1,556	-1,042	-524	-2,251	-1,385	-32,784
Financing Activities
Bank loans
Group/Directors Accounts							-31,586	31,586
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest	102,489	14,703	1,671	1,495	9,773	-8,652	191	5,376	5,172	4,279	3,475	3,050	2,508	1,117
cash flow from financing	102,489	14,703	1,671	1,495	9,773	-8,652	-31,395	36,962	5,172	4,279	3,475	3,050	2,508	1,117
cash and cash equivalents
cash	364,654	537,558	41,173	311,390	72,002	157,480	42,857	-16,924	98,641	258,244	63,366	106,839	109,826	446,718
overdraft
change in cash	364,654	537,558	41,173	311,390	72,002	157,480	42,857	-16,924	98,641	258,244	63,366	106,839	109,826	446,718

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NAFEMS group structure

Nafems has no subsidiary companies.

Ultimate parent company

NAFEMS

SC127648

NAFEMS Shareholders

Nafems currently has 14 directors. The longest serving directors include Dr Costas Stavrinidis (Nov 1991) and Mr Stewart Morrison (Sep 1994).

officer	country	age	start	end	role
Dr Costas Stavrinidis	Netherlands	74 years	Nov 1991	-	Director
Mr Stewart Morrison	United Kingdom	71 years	Sep 1994	-	Director
Mr Paul Newton		76 years	Sep 1997	-	Director
Mr Manfred Zehn	Germany	73 years	Nov 2001	-	Director
Dr Anup Puri		73 years	Oct 2002	-	Director
Dr Giuseppe Miccoli	Italy	70 years	Oct 2003	-	Director
Ms Marie Oghly	France	68 years	Oct 2004	-	Director
Mr David Ellis	England	66 years	Oct 2004	-	Director
Mr Alexander Pchelintsev		63 years	Sep 2005	-	Director
Dr James Wood		70 years	Sep 2005	-	Director

P&L

March 2023

turnover

1.9m

+99%

operating profit

119.5k

gross margin

38.5%

+1.38%

turnover

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

Balance Sheet

March 2023

net assets

1.7m

+0.12%

total assets

3.1m

+0.27%

cash

2.6m

+0.16%

net assets

Total assets minus all liabilities

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company number

SC127648

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

82990 - Other business support service activities n.e.c.

incorporation date

October 1990

ultimate parent company

None

previous names

N/A

address

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

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nafems Company Information

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nafems Estimated Valuation

nafems Estimated Valuation

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