reekie steeltec limited

4.5

reekie steeltec limited Company Information

Share REEKIE STEELTEC LIMITED
Live 
MatureSmallDeclining

Company Number

SC215973

Registered Address

baden powell road, kirkton industrial estate, arbroath, angus, DD11 3LS

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

 

Telephone

01241873841

Next Accounts Due

September 2024

Group Structure

View All

Directors

Paul Reekie23 Years

Shareholders

reekie engineering ltd 100%

reekie steeltec limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of REEKIE STEELTEC LIMITED at £1.4m based on a Turnover of £3.4m and 0.42x industry multiple (adjusted for size and gross margin).

reekie steeltec limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of REEKIE STEELTEC LIMITED at £2m based on an EBITDA of £425.4k and a 4.74x industry multiple (adjusted for size and gross margin).

reekie steeltec limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of REEKIE STEELTEC LIMITED at £5.6m based on Net Assets of £1.9m and 3x industry multiple (adjusted for liquidity).

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

Reekie Steeltec Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

Reekie Steeltec Limited Overview

Reekie Steeltec Limited is a live company located in arbroath, DD11 3LS with a Companies House number of SC215973. It operates in the other engineering activities sector, SIC Code 71129. Founded in February 2001, it's largest shareholder is reekie engineering ltd with a 100% stake. Reekie Steeltec Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Reekie Steeltec Limited Health Check

Pomanda's financial health check has awarded Reekie Steeltec Limited a 4.5 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 Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £3.4m, make it in line with the average company (£4.1m)

£3.4m - Reekie Steeltec Limited

£4.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.5%)

-5% - Reekie Steeltec Limited

2.5% - Industry AVG

production

Production

with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)

31.6% - Reekie Steeltec Limited

31.6% - Industry AVG

profitability

Profitability

an operating margin of 11.3% make it more profitable than the average company (5.5%)

11.3% - Reekie Steeltec Limited

5.5% - Industry AVG

employees

Employees

with 23 employees, this is below the industry average (29)

23 - Reekie Steeltec Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.1k, the company has an equivalent pay structure (£53.1k)

£53.1k - Reekie Steeltec Limited

£53.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £147k, this is more efficient (£123.2k)

£147k - Reekie Steeltec Limited

£123.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is earlier than average (65 days)

50 days - Reekie Steeltec Limited

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 102 days, this is slower than average (28 days)

102 days - Reekie Steeltec Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 48 days, this is more than average (37 days)

48 days - Reekie Steeltec Limited

37 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (17 weeks)

5 weeks - Reekie Steeltec Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 54.9%, this is a similar level of debt than the average (59.8%)

54.9% - Reekie Steeltec Limited

59.8% - Industry AVG

reekie steeltec 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 reekie steeltec limited. Get real-time insights into reekie steeltec limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Reekie Steeltec Limited Competitor Analysis

BETA
competitor_analysis_table_img

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

reekie steeltec limited Ownership

REEKIE STEELTEC LIMITED group structure

Reekie Steeltec Limited has no subsidiary companies.

Ultimate parent company

1 parent

REEKIE STEELTEC LIMITED

SC215973

REEKIE STEELTEC LIMITED Shareholders

reekie engineering ltd 100%

reekie steeltec limited directors

Reekie Steeltec Limited currently has 1 director, Mr Paul Reekie serving since Mar 2001.

officercountryagestartendrole
Mr Paul Reekie68 years Mar 2001- Director

REEKIE STEELTEC LIMITED financials

EXPORTms excel logo

Reekie Steeltec Limited's latest turnover from December 2022 is estimated at £3.4 million and the company has net assets of £1.9 million. According to their latest financial statements, Reekie Steeltec Limited has 23 employees and maintains cash reserves of £127.9 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
Turnover3,380,5214,152,4874,450,2713,923,8573,228,5482,713,6322,734,6383,358,7714,221,59621,868,07622,005,04517,515,18216,348,4740
Other Income Or Grants00000000000000
Cost Of Sales2,313,7952,872,9233,138,7952,755,3832,209,6651,851,6351,808,3922,238,9122,781,14414,479,75314,435,87410,915,1119,981,6650
Gross Profit1,066,7261,279,5641,311,4751,168,4741,018,883861,997926,2461,119,8601,440,4517,388,3237,569,1726,600,0716,366,8100
Admin Expenses686,406702,8991,333,974751,906696,294959,5826,246,7452,457,003372,2525,854,0796,375,8115,662,6825,849,866-4,536,488
Operating Profit380,320576,665-22,499416,568322,589-97,585-5,320,499-1,337,1431,068,1991,534,2441,193,361937,389516,9444,536,488
Interest Payable47,04539,54432,75116,3071,6396806540000000
Interest Receivable2,239000127856064,9025,4871,8013022
Pre-Tax Profit335,514537,121-55,250400,260321,078-98,180-5,320,546-1,332,2411,073,6861,536,0441,193,364937,389516,9464,536,490
Tax-63,748-102,0530-76,049-61,005000-225,474-353,290-286,407-243,721-144,745-1,270,217
Profit After Tax271,766435,068-55,250324,211260,073-98,180-5,320,546-1,332,241848,2121,182,754906,957693,668372,2013,266,273
Dividends Paid00000000000000
Retained Profit271,766435,068-55,250324,211260,073-98,180-5,320,546-1,332,241848,2121,182,754906,957693,668372,2013,266,273
Employee Costs1,221,1601,339,2121,292,9141,425,0841,206,4661,137,3801,278,2571,803,0061,979,2737,938,0638,381,6547,004,3036,854,8280
Number Of Employees2326272924242637401671851601650
EBITDA*425,429634,91942,001477,525394,870-3,204-5,203,841-1,193,8121,238,5451,730,2701,400,1301,133,122700,9474,772,141

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets969,766614,398283,936296,115351,876442,631528,026611,046701,073631,671641,145583,384547,392700,155
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets969,766614,398283,936296,115351,876442,631528,026611,046701,073631,671641,145583,384547,392700,155
Stock & work in progress305,251392,294269,823262,224291,189279,509155,259182,060374,603528,044396,061434,182311,494281,645
Trade Debtors468,177820,660728,181857,910567,728415,107477,186632,113784,7655,614,8025,363,4514,658,4214,094,2163,547,257
Group Debtors1,889,1581,529,8841,345,625780,695319,888004,486,6504,589,96200000
Misc Debtors348,37033,56230,16735,55128,77818,31630,13535,15533,63000000
Cash127,917005033,9830485,1101,475,776718,9641,28300741
misc current assets0000000010,17500000
total current assets3,138,8732,776,4002,373,7961,936,3851,207,583746,915662,5805,821,0887,268,9116,861,8105,760,7955,092,6034,405,7103,829,643
total assets4,108,6393,390,7982,657,7322,232,5001,559,4591,189,5461,190,6066,432,1347,969,9847,493,4816,401,9405,675,9874,953,1024,529,798
Bank overdraft82,092459,539405,861434,61448,558020,9190000000
Bank loan00000000000000
Trade Creditors 647,629557,257607,707380,760455,485388,551297,621148,814238,840925,298973,3461,007,848982,701811,802
Group/Directors Accounts0000055,29700000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities397,750268,734216,064180,140141,81389,416103,961177,958283,86200000
total current liabilities1,127,4711,285,5301,229,632995,514645,856533,264422,501326,772522,702925,298973,3461,007,848982,701811,802
loans282,130166,667233,33300000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities778,239296,50611,969000000054,874190,884186,525291,915
provisions65,82958,89134,66233,60034,42837,18050,82367,53477,21346,32634,61745,10945,39859,804
total long term liabilities1,126,198522,064279,96433,60034,42837,18050,82367,53477,21346,32689,491235,993231,923351,719
total liabilities2,253,6691,807,5941,509,5961,029,114680,284570,444473,324394,306599,915971,6241,062,8371,243,8411,214,6241,163,521
net assets1,854,9701,583,2041,148,1361,203,386879,175619,102717,2826,037,8287,370,0696,521,8575,339,1034,432,1463,738,4783,366,277
total shareholders funds1,854,9701,583,2041,148,1361,203,386879,175619,102717,2826,037,8287,370,0696,521,8575,339,1034,432,1463,738,4783,366,277
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit380,320576,665-22,499416,568322,589-97,585-5,320,499-1,337,1431,068,1991,534,2441,193,361937,389516,9444,536,488
Depreciation45,10958,25464,50060,95772,28194,381116,658143,331170,346196,026206,769195,733184,003235,653
Amortisation00000000000000
Tax-63,748-102,0530-76,049-61,005000-225,474-353,290-286,407-243,721-144,745-1,270,217
Stock-87,043122,4717,599-28,96511,680124,250-26,801-192,543-153,441131,983-38,121122,68829,849281,645
Debtors321,599280,133429,817757,762482,971-73,898-4,646,597-254,439-206,445251,351705,030564,205546,9593,547,257
Creditors90,372-50,450226,947-74,72566,93490,930148,807-90,026-686,458-48,048-34,50225,147170,899811,802
Accruals and Deferred Income129,01652,67035,92438,32752,397-14,545-73,997-105,904283,86200000
Deferred Taxes & Provisions6,93824,2291,062-828-2,752-13,643-16,711-9,67930,88711,709-10,492-289-14,40659,804
Cash flow from operations353,451156,711-131,482-364,547-44,2079,186-472,344-952,4391,001,248957,307401,820227,366135,887544,628
Investing Activities
capital expenditure-400,477-388,716-52,321-5,19618,474-8,986-33,638-53,304-239,748-186,552-264,530-231,725-31,240-935,808
Change in Investments00000000000000
cash flow from investments-400,477-388,716-52,321-5,19618,474-8,986-33,638-53,304-239,748-186,552-264,530-231,725-31,240-935,808
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000-55,29755,29700000000
Other Short Term Loans 00000000000000
Long term loans115,463-66,666233,33300000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities481,733284,53711,969000000-54,874-136,0104,359-105,390291,915
share issue0000000000000100,004
interest-44,806-39,544-32,751-16,307-1,512-595-484,9025,4871,8013022
cash flow from financing552,390178,327212,551-16,307-56,80954,702-484,9025,487-53,073-136,0074,359-105,388391,921
cash and cash equivalents
cash127,9170-55-33,98333,983-485,110-990,666756,812717,6811,2830-741741
overdraft-377,44753,678-28,753386,05648,558-20,91920,9190000000
change in cash505,364-53,67828,748-386,051-82,54154,902-506,029-990,666756,812717,6811,2830-741741

P&L

December 2022

turnover

3.4m

-19%

operating profit

380.3k

0%

gross margin

31.6%

+2.4%

turnover

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

Balance Sheet

December 2022

net assets

1.9m

+0.17%

total assets

4.1m

+0.21%

cash

127.9k

0%

net assets

Total assets minus all liabilities

reekie steeltec limited company details

company number

SC215973

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

February 2001

age

23

accounts

Total Exemption Full

ultimate parent company

previous names

grainmotion limited (March 2001)

incorporated

UK

address

baden powell road, kirkton industrial estate, arbroath, angus, DD11 3LS

last accounts submitted

December 2022

reekie steeltec 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 2 charges/mortgages relating to reekie steeltec limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

reekie steeltec limited Companies House Filings - See Documents

datedescriptionview/download