Chemtec Uk Limited

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chemtec uk limited Company Information

Live

MatureSmallLow

Company Number

SC276983

Website

www.armstrong-chemtec.com

Registered Address

willowyard road willowyard road, beith, north ayrshire, KA15 1JH

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01505502206

Next Accounts Due

September 2024

Group Structure

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Directors

Tyler Beckwith8 Years

Andrew Russell1 Years

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Shareholders

armstrong engineering associates 100%

chemtec uk limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of CHEMTEC UK LIMITED at £1.2m based on a Turnover of £2.8m and 0.43x industry multiple (adjusted for size and gross margin).

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Chemtec Uk Limited is a live company located in north ayrshire, KA15 1JH with a Companies House number of SC276983. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in December 2004, it's largest shareholder is armstrong engineering associates with a 100% stake. Chemtec Uk Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with low growth in recent years.

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Pomanda's financial health check has awarded Chemtec Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£12.4m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (2.9%)

EXPORT

Chemtec Uk Limited's latest turnover from December 2022 is £2.8 million and the company has net assets of -£806.7 thousand. According to their latest financial statements, Chemtec Uk Limited has 26 employees and maintains cash reserves of £255.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,801,658	4,356,758	2,816,173	2,617,543	3,576,838	2,578,556	2,659,345	1,639,057	2,197,268	1,980,000	2,930,224	2,450,717	2,151,907	2,574,407
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,507,046	3,192,794	2,242,898	2,180,213	2,656,610	1,838,549	2,150,634	1,468,851	1,643,745	2,060,497	2,469,873	1,687,849	1,136,540	1,690,451
Gross Profit	294,612	1,163,964	573,275	437,330	920,228	740,007	508,711	170,206	553,523	-80,497	460,351	762,868	1,015,367	883,956
Admin Expenses	772,938	679,960	687,978	624,148	380,803	1,330,426	833,906	722,681	1,150,895	745,317	634,710	625,391	956,902	855,830
Operating Profit	-478,326	484,004	-114,703	-186,818	539,425	-590,419	-325,195	-552,475	-597,372	-825,814	-174,359	137,477	58,465	28,126
Interest Payable	6,087	7,256	633	244	0	319	615	87	935	221	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	1,311	430	119	365	450
Pre-Tax Profit	-484,413	476,748	46,215	-187,062	539,425	-590,738	-325,810	-552,562	-598,307	-824,724	-173,929	137,596	58,830	28,576
Tax	-10,961	4,610	-15,999	83,270	-1,056	2,776	3,180	6,433	21,706	-2,502	987	11,826	-6,753	-7,191
Profit After Tax	-495,374	481,358	30,216	-103,792	538,369	-587,962	-322,630	-546,129	-576,601	-827,226	-172,942	149,422	52,077	21,385
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-495,374	481,358	30,216	-103,792	538,369	-587,962	-322,630	-546,129	-576,601	-827,226	-172,942	149,422	52,077	21,385
Employee Costs	1,003,616	982,322	835,204	893,671	759,297	899,727	833,828	766,059	767,537	781,103	803,270	742,354	759,267	786,245
Number Of Employees	26	27	23	25	22	21	20	19	21	21	21	22	22	25
EBITDA*	-387,381	561,376	-48,938	-120,853	608,282	-521,259	-255,468	-475,193	-515,741	-788,081	-137,408	169,016	82,595	42,514

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	614,079	386,391	405,245	359,237	346,077	371,957	373,618	388,472	419,433	420,744	421,638	456,659	440,752	411,549
Intangible Assets	38,093	76,193	114,293	152,393	190,493	228,593	266,693	304,793	342,892	253,750	0	0	0	0
Investments & Other	0	0	0	0	0	733,941	95,757	95,757	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	591,901	983,476	36,687	0	0	0	0	0	0
Total Fixed Assets	652,172	462,584	519,538	511,630	536,570	1,926,392	1,719,544	825,709	762,325	674,494	421,638	456,659	440,752	411,549
Stock & work in progress	33,772	21,595	32,832	36,816	40,019	53,492	63,533	78,753	97,732	115,383	209,523	82,672	111,108	69,793
Trade Debtors	564,520	1,495,082	704,381	350,477	570,711	222,594	367,856	484,829	602,376	586,689	524,349	1,518,754	572,379	181,675
Group Debtors	0	0	0	0	11,865	0	131,578	120,186	35,165	441,295	416,659	448,573	353,312	0
Misc Debtors	96,932	63,888	84,777	466,489	115,105	330,609	74,871	55,994	41,845	76,712	16,299	47,813	22,717	16,817
Cash	255,380	133,636	108,290	39,413	101,477	178,949	18,973	20,032	70,866	410,609	171,532	209,619	320,370	820,542
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	950,604	1,714,201	930,280	893,195	839,177	785,644	656,811	759,794	847,984	1,630,688	1,338,362	2,307,431	1,379,886	1,088,827
total assets	1,602,776	2,176,785	1,449,818	1,404,825	1,375,747	2,712,036	2,376,355	1,585,503	1,610,309	2,305,182	1,760,000	2,764,090	1,820,638	1,500,376
Bank overdraft	0	0	0	0	0	17,973	0	0	0	0	0	0	0	0
Bank loan	20,525	20,525	17,957	0	0	0	35,836	49,128	0	0	0	0	0	0
Trade Creditors	354,846	439,114	111,846	258,353	137,011	96,695	124,954	118,170	109,850	151,342	47,702	65,930	39,105	72,930
Group/Directors Accounts	0	0	0	0	3,314	0	0	0	0	0	196,598	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	27,727	16,026	14,040	2,220	0	0	0	0	0	0	0	0	0	0
other current liabilities	707,418	442,017	489,841	362,691	80,316	87,080	191,235	124,458	76,458	165,409	117,750	971,975	54,176	100,785
total current liabilities	1,110,516	917,682	633,684	623,264	220,641	201,748	352,025	291,756	186,308	316,751	362,050	1,037,905	93,281	173,715
loans	1,195,015	1,556,524	1,578,699	1,599,723	1,780,995	3,767,901	2,693,981	1,640,768	1,224,893	1,142,297	805,293	960,586	1,101,909	762,561
hp & lease commitments	68,781	13,941	30,155	4,774	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	35,200	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	93,355	0	0	0	0	0	0	0	9,271	0
total long term liabilities	1,298,996	1,570,465	1,608,854	1,604,497	1,874,350	3,767,901	2,693,981	1,640,768	1,224,893	1,142,297	805,293	960,586	1,111,180	762,561
total liabilities	2,409,512	2,488,147	2,242,538	2,227,761	2,094,991	3,969,649	3,046,006	1,932,524	1,411,201	1,459,048	1,167,343	1,998,491	1,204,461	936,276
net assets	-806,736	-311,362	-792,720	-822,936	-719,244	-1,257,613	-669,651	-347,021	199,108	846,134	592,657	765,599	616,177	564,100
total shareholders funds	-806,736	-311,362	-792,720	-822,936	-719,244	-1,257,613	-669,651	-347,021	199,108	846,134	592,657	765,599	616,177	564,100

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-478,326	484,004	-114,703	-186,818	539,425	-590,419	-325,195	-552,475	-597,372	-825,814	-174,359	137,477	58,465	28,126
Depreciation	52,845	39,272	27,665	27,865	30,757	31,060	31,628	39,183	43,532	37,733	36,951	31,539	24,130	14,388
Amortisation	38,100	38,100	38,100	38,100	38,100	38,100	38,099	38,099	38,099	0	0	0	0	0
Tax	-10,961	4,610	-15,999	83,270	-1,056	2,776	3,180	6,433	21,706	-2,502	987	11,826	-6,753	-7,191
Stock	12,177	-11,237	-3,984	-3,203	-13,473	-10,041	-15,220	-18,979	-17,651	-94,140	126,851	-28,436	41,315	69,793
Debtors	-897,518	769,812	-27,808	119,285	-447,423	-412,677	860,085	18,310	-425,310	147,389	-1,057,833	1,066,732	749,916	198,492
Creditors	-84,268	327,268	-146,507	121,342	40,316	-28,259	6,784	8,320	-41,492	103,640	-18,228	26,825	-33,825	72,930
Accruals and Deferred Income	265,401	-47,824	127,150	282,375	-6,764	-104,155	66,777	48,000	-88,951	47,659	-854,225	917,799	-46,609	100,785
Deferred Taxes & Provisions	0	0	0	-93,355	93,355	0	0	0	0	0	0	-9,271	9,271	0
Cash flow from operations	668,132	86,855	-52,502	156,697	1,195,029	-228,179	-1,023,592	-411,771	-181,517	-692,533	-77,892	77,899	-786,552	-59,247
Investing Activities
capital expenditure	-280,533	-20,418	-73,673	-41,025	-4,877	-29,399	-16,773	-8,222	-169,462	-290,589	-1,930	-47,446	-53,333	-425,937
Change in Investments	0	0	0	0	-733,941	638,184	0	95,757	0	0	0	0	0	0
cash flow from investments	-280,533	-20,418	-73,673	-41,025	729,064	-667,583	-16,773	-103,979	-169,462	-290,589	-1,930	-47,446	-53,333	-425,937
Financing Activities
Bank loans	0	2,568	17,957	0	0	-35,836	-13,292	49,128	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-3,314	3,314	0	0	0	0	-196,598	196,598	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-361,509	-22,175	-21,024	-181,272	-1,986,906	1,073,920	1,053,213	415,875	82,596	337,004	-155,293	-141,323	339,348	762,561
Hire Purchase and Lease Commitments	66,541	-14,228	37,201	6,994	0	0	0	0	0	0	0	0	0	0
other long term liabilities	35,200	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	100	0	0	0	0	-70,425	1,080,703	0	0	0	542,715
interest	-6,087	-7,256	-633	-244	0	-319	-615	-87	-935	1,090	430	119	365	450
cash flow from financing	-265,855	-41,091	33,501	-177,736	-1,983,592	1,037,765	1,039,306	464,916	11,236	1,222,199	41,735	-141,204	339,713	1,305,726
cash and cash equivalents
cash	121,744	25,346	68,877	-62,064	-77,472	159,976	-1,059	-50,834	-339,743	239,077	-38,087	-110,751	-500,172	820,542
overdraft	0	0	0	0	-17,973	17,973	0	0	0	0	0	0	0	0
change in cash	121,744	25,346	68,877	-62,064	-59,499	142,003	-1,059	-50,834	-339,743	239,077	-38,087	-110,751	-500,172	820,542

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHEMTEC UK LIMITED group structure

Chemtec Uk Limited has no subsidiary companies.

Ultimate parent company

ARMSTRONG ENGINEERING ASSOCIATES

#0072048

1 parent

CHEMTEC UK LIMITED

SC276983

CHEMTEC UK LIMITED Shareholders

armstrong engineering associates

100%

Chemtec Uk Limited currently has 3 directors. The longest serving directors include Mr Tyler Beckwith (Jun 2016) and Mr Andrew Russell (Jan 2023).

officer	country	age	start	end	role
Mr Tyler Beckwith	United States	42 years	Jun 2016	-	Director
Mr Andrew Russell	Scotland	55 years	Jan 2023	-	Director
Mr Stephen King	Scotland	37 years	Apr 2024	-	Director

P&L

December 2022

turnover

2.8m

-36%

operating profit

-478.3k

-199%

gross margin

10.6%

-60.64%

turnover

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

Balance Sheet

December 2022

net assets

-806.7k

+1.59%

total assets

1.6m

-0.26%

cash

255.4k

+0.91%

net assets

Total assets minus all liabilities

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company number

SC276983

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

December 2004

age

accounts

Full Accounts

ultimate parent company

ARMSTRONG ENGINEERING ASSOCIATES

previous names

N/A

incorporated

address

willowyard road willowyard road, beith, north ayrshire, KA15 1JH

last accounts submitted

December 2022

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 chemtec uk limited. Currently there are 2 open charges and 0 have been satisfied in the past.

chemtec uk limited Company Information

chemtec uk limited Estimated Valuation

chemtec uk limited Estimated Valuation

chemtec uk limited Estimated Valuation

Chemtec Uk Limited Overview

Chemtec Uk Limited Health Check

CHEMTEC UK LIMITED financials

chemtec uk limited Credit Report and Business Information

Chemtec Uk Limited Competitor Analysis

chemtec uk limited Ownership

chemtec uk limited directors

chemtec uk limited company details

chemtec uk limited Charges & Mortgages

chemtec uk limited Companies House Filings - See Documents