nortek piezo limited
nortek piezo limited Company Information
Company Number
SC419061
Website
http://nortekpiezo.co.ukRegistered Address
johnston carmichael llp, bishop's court, aberdeen, AB10 1YL
Industry
Manufacture of electricity distribution and control apparatus
Telephone
-
Next Accounts Due
2594 days late
Group Structure
View All
Shareholders
nortek as 70%
atle lohrmann 30%
nortek piezo limited Estimated Valuation
Pomanda estimates the enterprise value of NORTEK PIEZO LIMITED at £1m based on a Turnover of £1.4m and 0.75x industry multiple (adjusted for size and gross margin).
nortek piezo limited Estimated Valuation
Pomanda estimates the enterprise value of NORTEK PIEZO LIMITED at £27.2k based on an EBITDA of £5.6k and a 4.89x industry multiple (adjusted for size and gross margin).
nortek piezo limited Estimated Valuation
Pomanda estimates the enterprise value of NORTEK PIEZO LIMITED at £0 based on Net Assets of £-228.6k and 2.34x industry multiple (adjusted for liquidity).
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Nortek Piezo Limited Overview
Nortek Piezo Limited is a live company located in aberdeen, AB10 1YL with a Companies House number of SC419061. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in March 2012, it's largest shareholder is nortek as with a 70% stake. Nortek Piezo Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with healthy growth in recent years.
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Nortek Piezo Limited Health Check
Pomanda's financial health check has awarded Nortek Piezo Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£10.4m)
- Nortek Piezo Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.5%)
- Nortek Piezo Limited
3.5% - Industry AVG
Production
with a gross margin of 27%, this company has a comparable cost of product (27%)
- Nortek Piezo Limited
27% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (5.6%)
- Nortek Piezo Limited
5.6% - Industry AVG
Employees
with 9 employees, this is below the industry average (82)
- Nortek Piezo Limited
82 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)
- Nortek Piezo Limited
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £152.6k, this is equally as efficient (£158.5k)
- Nortek Piezo Limited
£158.5k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (63 days)
- Nortek Piezo Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 175 days, this is slower than average (46 days)
- Nortek Piezo Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (49 days)
- Nortek Piezo Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - Nortek Piezo Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 189.9%, this is a higher level of debt than the average (51.1%)
189.9% - Nortek Piezo Limited
51.1% - Industry AVG
NORTEK PIEZO LIMITED financials
Nortek Piezo Limited's latest turnover from December 2015 is estimated at £1.4 million and the company has net assets of -£228.6 thousand. According to their latest financial statements, we estimate that Nortek Piezo Limited has 9 employees and maintains cash reserves of £19.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|
| Tangible Assets | 7,176 | 127,145 | 114,844 | 87,195 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,176 | 127,145 | 114,844 | 87,195 |
| Stock & work in progress | 33,690 | 118,713 | 146,301 | 7,804 |
| Trade Debtors | 193,961 | 66,767 | 156,056 | 145,940 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 19,323 | 162,154 | 36,277 | 15,378 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 246,974 | 347,634 | 338,634 | 169,122 |
| total assets | 254,150 | 474,779 | 453,478 | 256,317 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 482,740 | 225,712 | 354,702 | 339,609 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 482,740 | 225,712 | 354,702 | 339,609 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 457,082 | 300,000 | 52,500 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 457,082 | 300,000 | 52,500 |
| total liabilities | 482,740 | 682,794 | 654,702 | 392,109 |
| net assets | -228,590 | -208,015 | -201,224 | -135,792 |
| total shareholders funds | -228,590 | -208,015 | -201,224 | -135,792 |
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 26,580 | 30,280 | 40,224 | 22,776 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | -85,023 | -27,588 | 138,497 | 7,804 |
| Debtors | 127,194 | -89,289 | 10,116 | 145,940 |
| Creditors | 257,028 | -128,990 | 15,093 | 339,609 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -457,082 | 157,082 | 247,500 | 52,500 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -142,831 | 125,877 | 20,899 | 15,378 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -142,831 | 125,877 | 20,899 | 15,378 |
nortek piezo limited Credit Report and Business Information
Nortek Piezo Limited Competitor Analysis
Perform a competitor analysis for nortek piezo limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in AB10 area or any other competitors across 12 key performance metrics.
nortek piezo limited Ownership
NORTEK PIEZO LIMITED group structure
Nortek Piezo Limited has no subsidiary companies.
Ultimate parent company
HEFRING AS
#0048383
NORTEK AS
#0073576
2 parents
NORTEK PIEZO LIMITED
SC419061
nortek piezo limited directors
Nortek Piezo Limited currently has 3 directors. The longest serving directors include Mr Eric Siegel (Mar 2014) and Mr Mark Walsh (Mar 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eric Siegel | 50 years | Mar 2014 | - | Director | |
| Mr Mark Walsh | 62 years | Mar 2014 | - | Director | |
| Mr Atle Lohrmann | Norway | 66 years | Mar 2014 | - | Director |
P&L
December 2015turnover
1.4m
+88%
operating profit
-21k
0%
gross margin
27.1%
-7.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2015net assets
-228.6k
+0.1%
total assets
254.2k
-0.46%
cash
19.3k
-0.88%
net assets
Total assets minus all liabilities
nortek piezo limited company details
company number
SC419061
Type
Private limited with Share Capital
industry
27120 - Manufacture of electricity distribution and control apparatus
incorporation date
March 2012
age
12
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2015
previous names
N/A
accountant
-
auditor
-
address
johnston carmichael llp, bishop's court, aberdeen, AB10 1YL
Bank
-
Legal Advisor
-
nortek piezo 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 nortek piezo limited.
nortek piezo limited Companies House Filings - See Documents
| date | description | view/download |
|---|
