South West Steel Construction Limited

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south west steel construction limited Company Information

Live

EstablishedSmallDeclining

Company Number

06228504

Website

www.southweststeelconstruction.co.uk

Registered Address

waldon way, holsworthy industrial estate, holsworthy, devon, EX22 6ER

Industry

Other building completion and finishing

Telephone

01409253211

Next Accounts Due

October 2024

Group Structure

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Directors

Ian Ellacott17 Years

Simon James5 Years

Shareholders

stowford storage & investments ltd 74%

lark property investments limited 26%

south west steel construction limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of SOUTH WEST STEEL CONSTRUCTION LIMITED at £2.9m based on Net Assets of £1.2m and 2.45x industry multiple (adjusted for liquidity).

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South West Steel Construction Limited is a live company located in holsworthy, EX22 6ER with a Companies House number of 06228504. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in April 2007, it's largest shareholder is stowford storage & investments ltd with a 74% stake. South West Steel Construction Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded South West Steel Construction Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £4.2m, make it larger than the average company (£267.8k)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (7.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOUTH WEST STEEL CONSTRUCTION LIMITED group structure

South West Steel Construction Limited has no subsidiary companies.

Ultimate parent company

STOWFORD STORAGE AND INVESTMENTS LTD

11798920

1 parent

SOUTH WEST STEEL CONSTRUCTION LIMITED

06228504

SOUTH WEST STEEL CONSTRUCTION LIMITED Shareholders

stowford storage & investments ltd	74%
lark property investments limited	26%

South West Steel Construction Limited currently has 2 directors. The longest serving directors include Mr Ian Ellacott (Apr 2007) and Mr Simon James (Jan 2019).

officer	country	age	start	end	role
Mr Ian Ellacott	England	58 years	Apr 2007	-	Director
Mr Simon James	England	45 years	Jan 2019	-	Director

EXPORT

South West Steel Construction Limited's latest turnover from January 2023 is estimated at £4.2 million and the company has net assets of £1.2 million. According to their latest financial statements, South West Steel Construction Limited has 26 employees and maintains cash reserves of £550.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,152,572	5,712,358	5,800,686	5,475,718	6,275,918	6,633,129	5,187,525	5,540,789	5,967,577	8,277,947	6,800,012	5,586,003	5,692,248	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,111,699	4,251,311	4,058,208	3,857,680	4,241,544	4,484,611	3,596,238	3,774,922	3,943,182	5,987,291	4,865,825	3,931,326	4,051,860	0
Gross Profit	1,040,873	1,461,047	1,742,478	1,618,037	2,034,374	2,148,518	1,591,287	1,765,867	2,024,395	2,290,656	1,934,187	1,654,677	1,640,388	0
Admin Expenses	955,987	1,260,958	1,498,624	1,283,555	3,714,466	2,044,140	1,238,098	1,440,694	114,249	2,011,621	1,639,030	1,411,944	1,459,346	-598,385
Operating Profit	84,886	200,089	243,854	334,482	-1,680,092	104,378	353,189	325,173	1,910,146	279,035	295,157	242,733	181,042	598,385
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	20,495	1,117	322	2,430	2,910	3,713	2,113	4,735	2,973	2,689	1,669	1,213	786	352
Pre-Tax Profit	105,380	201,206	244,177	336,912	-1,677,183	108,091	355,303	329,908	1,913,119	281,723	296,826	243,946	181,828	598,738
Tax	-20,022	-38,229	-46,394	-64,013	0	-20,537	-71,060	-65,981	-401,755	-64,796	-71,238	-63,426	-50,912	-167,646
Profit After Tax	85,358	162,977	197,783	272,899	-1,677,183	87,554	284,242	263,926	1,511,364	216,927	225,588	180,520	130,916	431,091
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	85,358	162,977	197,783	272,899	-1,677,183	87,554	284,242	263,926	1,511,364	216,927	225,588	180,520	130,916	431,091
Employee Costs	833,170	850,766	771,074	750,085	854,928	736,895	802,368	847,256	991,106	1,253,544	1,079,724	960,056	1,076,030	0
Number Of Employees	26	26	24	24	25	23	22	22	26	33	31	28	33	0
EBITDA*	139,931	259,422	305,454	401,089	-1,620,106	180,184	432,783	394,478	1,987,330	340,581	361,583	294,124	243,623	643,282

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	427,290	461,658	470,851	487,077	515,497	649,579	555,586	320,687	259,568	262,812	204,461	176,541	155,740	110,749
Intangible Assets	0	0	0	0	0	0	18,333	38,333	58,333	80,000	100,000	120,000	140,000	160,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	427,290	461,658	470,851	487,077	515,497	649,579	573,919	359,020	317,901	342,812	304,461	296,541	295,740	270,749
Stock & work in progress	606,238	844,557	632,153	281,007	262,135	385,422	270,636	242,055	336,759	239,772	226,825	195,443	240,333	108,000
Trade Debtors	555,760	688,890	873,872	803,590	971,946	1,050,722	686,458	896,304	725,055	1,005,853	860,427	694,984	646,374	553,772
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	145,254	169,033	145,942	28,067	16,712	792,040	468,504	386,733	0	0	0	0	0	0
Cash	550,088	621,033	272,416	371,778	276,322	499,544	985,688	704,788	1,189,184	719,475	355,929	311,824	173,379	140,922
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,857,340	2,323,513	1,924,383	1,484,442	1,527,115	2,727,728	2,411,286	2,229,880	2,250,998	1,965,100	1,443,181	1,202,251	1,060,086	802,694
total assets	2,284,630	2,785,171	2,395,234	1,971,519	2,042,612	3,377,307	2,985,205	2,588,900	2,568,899	2,307,912	1,747,642	1,498,792	1,355,826	1,073,443
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	455,397	741,890	751,735	690,273	713,305	849,305	682,485	500,922	1,011,322	1,078,726	750,697	725,086	767,698	627,366
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	535,270	853,584	614,964	447,971	740,964	220,924	155,200	251,739	0	0	0	0	0	0
total current liabilities	990,667	1,595,474	1,366,699	1,138,244	1,454,269	1,070,229	837,685	752,661	1,011,322	1,078,726	750,697	725,086	767,698	627,366
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	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	0	0	0	0	22,875	45,750	0	0	0	0	0	0	0	0
provisions	104,943	86,035	87,850	90,373	95,465	114,142	87,888	60,849	46,113	44,044	28,730	31,079	26,021	14,886
total long term liabilities	104,943	86,035	87,850	90,373	118,340	159,892	87,888	60,849	46,113	44,044	28,730	31,079	26,021	14,886
total liabilities	1,095,610	1,681,509	1,454,549	1,228,617	1,572,609	1,230,121	925,573	813,510	1,057,435	1,122,770	779,427	756,165	793,719	642,252
net assets	1,189,020	1,103,662	940,685	742,902	470,003	2,147,186	2,059,632	1,775,390	1,511,464	1,185,142	968,215	742,627	562,107	431,191
total shareholders funds	1,189,020	1,103,662	940,685	742,902	470,003	2,147,186	2,059,632	1,775,390	1,511,464	1,185,142	968,215	742,627	562,107	431,191

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	84,886	200,089	243,854	334,482	-1,680,092	104,378	353,189	325,173	1,910,146	279,035	295,157	242,733	181,042	598,385
Depreciation	55,045	59,333	61,600	66,607	59,986	57,473	59,594	49,305	55,517	41,546	46,426	31,391	42,581	24,897
Amortisation	0	0	0	0	0	18,333	20,000	20,000	21,667	20,000	20,000	20,000	20,000	20,000
Tax	-20,022	-38,229	-46,394	-64,013	0	-20,537	-71,060	-65,981	-401,755	-64,796	-71,238	-63,426	-50,912	-167,646
Stock	-238,319	212,404	351,146	18,872	-123,287	114,786	28,581	-94,704	336,759	12,947	31,382	-44,890	132,333	108,000
Debtors	-156,909	-161,891	188,157	-157,001	-854,104	687,800	-128,075	557,982	725,055	145,426	165,443	48,610	92,602	553,772
Creditors	-286,493	-9,845	61,462	-23,032	-136,000	166,820	181,563	-510,400	1,011,322	328,029	25,611	-42,612	140,332	627,366
Accruals and Deferred Income	-318,314	238,620	166,993	-292,993	520,040	65,724	-96,539	251,739	0	0	0	0	0	0
Deferred Taxes & Provisions	18,908	-1,815	-2,523	-5,092	-18,677	26,254	27,039	14,736	46,113	15,314	-2,349	5,058	11,135	14,886
Cash flow from operations	-70,762	397,640	-54,311	154,088	-277,352	-384,141	573,280	-378,706	1,581,196	460,755	116,782	189,424	119,243	456,116
Investing Activities
capital expenditure	-20,677	-50,140	-45,374	-38,187	74,096	-151,466	-294,493	-110,424	-395,085	-99,897	-74,346	-52,192	-87,572	-315,646
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-20,677	-50,140	-45,374	-38,187	74,096	-151,466	-294,493	-110,424	-395,085	-99,897	-74,346	-52,192	-87,572	-315,646
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-22,875	-22,875	45,750	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	100	0	0	0	0	100
interest	20,495	1,117	322	2,430	2,910	3,713	2,113	4,735	2,973	2,689	1,669	1,213	786	352
cash flow from financing	20,495	1,117	322	-20,445	-19,965	49,463	2,113	4,735	3,073	2,689	1,669	1,213	786	452
cash and cash equivalents
cash	-70,945	348,617	-99,362	95,456	-223,222	-486,144	280,900	-484,396	1,189,184	363,546	44,105	138,445	32,457	140,922
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-70,945	348,617	-99,362	95,456	-223,222	-486,144	280,900	-484,396	1,189,184	363,546	44,105	138,445	32,457	140,922

P&L

January 2023

turnover

4.2m

-27%

operating profit

84.9k

gross margin

25.1%

-2%

turnover

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

Balance Sheet

January 2023

net assets

1.2m

+0.08%

total assets

2.3m

-0.18%

cash

550.1k

-0.11%

net assets

Total assets minus all liabilities

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company number

06228504

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

incorporation date

April 2007

age

accounts

Total Exemption Full

ultimate parent company

STOWFORD STORAGE AND INVESTMENTS LTD

previous names

N/A

incorporated

address

waldon way, holsworthy industrial estate, holsworthy, devon, EX22 6ER

last accounts submitted

January 2023

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 south west steel construction limited. Currently there are 0 open charges and 2 have been satisfied in the past.

south west steel construction limited Company Information

south west steel construction limited Estimated Valuation

south west steel construction limited Estimated Valuation

south west steel construction limited Estimated Valuation

South West Steel Construction Limited AI Business Plan

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