abbey steel and shearing company limited Company Information
Company Number
01570148
Website
www.abbey-steel.co.ukRegistered Address
28 church road, stanmore, middlesex, HA7 4XR
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Jayant Joshi8 Years
Shareholders
jpa group holdings limited 100%
abbey steel and shearing company limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY STEEL AND SHEARING COMPANY LIMITED at £2.3m based on a Turnover of £3.6m and 0.63x industry multiple (adjusted for size and gross margin).
abbey steel and shearing company limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY STEEL AND SHEARING COMPANY LIMITED at £2.2m based on an EBITDA of £486.9k and a 4.53x industry multiple (adjusted for size and gross margin).
abbey steel and shearing company limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY STEEL AND SHEARING COMPANY LIMITED at £4.6m based on Net Assets of £2.1m and 2.19x industry multiple (adjusted for liquidity).
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Abbey Steel And Shearing Company Limited Overview
Abbey Steel And Shearing Company Limited is a live company located in middlesex, HA7 4XR with a Companies House number of 01570148. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in June 1981, it's largest shareholder is jpa group holdings limited with a 100% stake. Abbey Steel And Shearing Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with declining growth in recent years.
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Abbey Steel And Shearing Company Limited Health Check
Pomanda's financial health check has awarded Abbey Steel And Shearing Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £3.6m, make it smaller than the average company (£12.6m)
- Abbey Steel And Shearing Company Limited
£12.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.1%)
- Abbey Steel And Shearing Company Limited
4.1% - Industry AVG
Production
with a gross margin of 29%, this company has a comparable cost of product (29%)
- Abbey Steel And Shearing Company Limited
29% - Industry AVG
Profitability
an operating margin of 13.3% make it more profitable than the average company (6.5%)
- Abbey Steel And Shearing Company Limited
6.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (78)
12 - Abbey Steel And Shearing Company Limited
78 - Industry AVG
Pay Structure
on an average salary of £38k, the company has an equivalent pay structure (£38k)
- Abbey Steel And Shearing Company Limited
£38k - Industry AVG
Efficiency
resulting in sales per employee of £299.2k, this is more efficient (£146.9k)
- Abbey Steel And Shearing Company Limited
£146.9k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (63 days)
- Abbey Steel And Shearing Company Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (49 days)
- Abbey Steel And Shearing Company Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 53 days, this is less than average (69 days)
- Abbey Steel And Shearing Company Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 90 weeks, this is more cash available to meet short term requirements (13 weeks)
90 weeks - Abbey Steel And Shearing Company Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.4%, this is a lower level of debt than the average (48.5%)
27.4% - Abbey Steel And Shearing Company Limited
48.5% - Industry AVG
abbey steel and shearing company limited Credit Report and Business Information
Abbey Steel And Shearing Company Limited Competitor Analysis
Perform a competitor analysis for abbey steel and shearing company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
abbey steel and shearing company limited Ownership
ABBEY STEEL AND SHEARING COMPANY LIMITED group structure
Abbey Steel And Shearing Company Limited has no subsidiary companies.
Ultimate parent company
1 parent
ABBEY STEEL AND SHEARING COMPANY LIMITED
01570148
abbey steel and shearing company limited directors
Abbey Steel And Shearing Company Limited currently has 1 director, Mr Jayant Joshi serving since Oct 2015.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Jayant Joshi | England | 65 years | Oct 2015 | - | Director |
ABBEY STEEL AND SHEARING COMPANY LIMITED financials
Abbey Steel And Shearing Company Limited's latest turnover from March 2023 is estimated at £3.6 million and the company has net assets of £2.1 million. According to their latest financial statements, Abbey Steel And Shearing Company Limited has 12 employees and maintains cash reserves of £1.4 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 | ||||||||||||||
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 | 12 | 16 | 16 | 19 | 28 | 23 | 26 | |||||||
EBITDA* |
* 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 | 2,053 | 11,045 | 13,577 | 16,400 | 19,651 | 22,811 | 28,000 | 34,329 | 36,678 | 45,406 | 26,835 | 34,416 | 28,081 | 31,490 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 2,053 | 11,045 | 13,577 | 16,400 | 19,651 | 22,811 | 28,000 | 34,329 | 36,678 | 45,406 | 26,835 | 34,416 | 28,081 | 31,490 |
Stock & work in progress | 376,127 | 616,104 | 622,052 | 475,323 | 925,713 | 890,545 | 718,133 | 392,021 | 499,062 | 683,537 | 238,490 | 425,539 | 867,540 | 638,827 |
Trade Debtors | 1,138,636 | 1,351,718 | 1,091,188 | 876,665 | 1,263,924 | 907,364 | 910,880 | 786,321 | 1,352,336 | 1,381,144 | 698,291 | 954,858 | 1,162,076 | 983,050 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 7,762 | 7,685 | 64,568 | 97,247 | 63,117 | 46,002 | 61,084 | 43,989 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,383,381 | 991,495 | 1,013,805 | 174,227 | 47,738 | 210,618 | 14,742 | 372,217 | 38,876 | 103,978 | 45,710 | 104,111 | 202,184 | 41,671 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,905,906 | 2,967,002 | 2,791,613 | 1,623,462 | 2,300,492 | 2,054,529 | 1,704,839 | 1,594,548 | 1,890,274 | 2,168,659 | 982,491 | 1,484,508 | 2,231,800 | 1,663,548 |
total assets | 2,907,959 | 2,978,047 | 2,805,190 | 1,639,862 | 2,320,143 | 2,077,340 | 1,732,839 | 1,628,877 | 1,926,952 | 2,214,065 | 1,009,326 | 1,518,924 | 2,259,881 | 1,695,038 |
Bank overdraft | 0 | 0 | 13,163 | 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 | 480,181 | 734,247 | 1,322,358 | 910,931 | 1,014,868 | 986,338 | 667,696 | 495,402 | 1,682,260 | 1,970,124 | 775,019 | 1,287,070 | 1,574,604 | 1,063,510 |
Group/Directors Accounts | 45,285 | 156,285 | 71,285 | 0 | 123,100 | 138,713 | 137,866 | 99,995 | 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 | 1,656 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 271,736 | 402,980 | 194,588 | 54,127 | 547,392 | 392,189 | 542,351 | 771,497 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 797,202 | 1,293,512 | 1,601,394 | 965,058 | 1,685,360 | 1,517,240 | 1,347,913 | 1,368,550 | 1,682,260 | 1,970,124 | 775,019 | 1,287,070 | 1,574,604 | 1,063,510 |
loans | 0 | 0 | 236,837 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,656 | 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 | 0 | 0 | 0 | 0 | 1,432 | 10,025 | 0 | 110,000 | 261,667 | 150,000 |
provisions | 513 | 2,272 | 2,368 | 2,857 | 0 | 3,949 | 5,320 | 4,607 | 6,600 | 7,215 | 4,273 | 0 | 4,145 | 4,423 |
total long term liabilities | 513 | 2,272 | 239,205 | 2,857 | 0 | 3,949 | 5,320 | 6,263 | 8,032 | 17,240 | 4,273 | 110,000 | 265,812 | 154,423 |
total liabilities | 797,715 | 1,295,784 | 1,840,599 | 967,915 | 1,685,360 | 1,521,189 | 1,353,233 | 1,374,813 | 1,690,292 | 1,987,364 | 779,292 | 1,397,070 | 1,840,416 | 1,217,933 |
net assets | 2,110,244 | 1,682,263 | 964,591 | 671,947 | 634,783 | 556,151 | 379,606 | 254,064 | 236,660 | 226,701 | 230,034 | 121,854 | 419,465 | 477,105 |
total shareholders funds | 2,110,244 | 1,682,263 | 964,591 | 671,947 | 634,783 | 556,151 | 379,606 | 254,064 | 236,660 | 226,701 | 230,034 | 121,854 | 419,465 | 477,105 |
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 | ||||||||||||||
Depreciation | 8,992 | 2,620 | 2,823 | 3,251 | 3,400 | 0 | 6,329 | 7,538 | 10,111 | 9,210 | 7,581 | 7,845 | 5,624 | 6,842 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -239,977 | -5,948 | 146,729 | -450,390 | 35,168 | 172,412 | 326,112 | -107,041 | -184,475 | 445,047 | -187,049 | -442,001 | 228,713 | 638,827 |
Debtors | -213,005 | 203,647 | 181,844 | -353,129 | 373,675 | -18,598 | 141,654 | -522,026 | -28,808 | 682,853 | -256,567 | -207,218 | 179,026 | 983,050 |
Creditors | -254,066 | -588,111 | 411,427 | -103,937 | 28,530 | 318,642 | 172,294 | -1,186,858 | -287,864 | 1,195,105 | -512,051 | -287,534 | 511,094 | 1,063,510 |
Accruals and Deferred Income | -131,244 | 208,392 | 140,461 | -493,265 | 155,203 | -150,162 | -229,146 | 771,497 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -1,759 | -96 | -489 | 2,857 | -3,949 | -1,371 | 713 | -1,993 | -615 | 2,942 | 4,273 | -4,145 | -278 | 4,423 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -111,000 | 85,000 | 71,285 | -123,100 | -15,613 | 847 | 37,871 | 99,995 | 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 | -236,837 | 236,837 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -3,312 | 3,312 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,432 | -8,593 | 10,025 | -110,000 | -151,667 | 111,667 | 150,000 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 391,886 | -22,310 | 839,578 | 126,489 | -162,880 | 195,876 | -357,475 | 333,341 | -65,102 | 58,268 | -58,401 | -98,073 | 160,513 | 41,671 |
overdraft | 0 | -13,163 | 13,163 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 391,886 | -9,147 | 826,415 | 126,489 | -162,880 | 195,876 | -357,475 | 333,341 | -65,102 | 58,268 | -58,401 | -98,073 | 160,513 | 41,671 |
P&L
March 2023turnover
3.6m
-17%
operating profit
477.9k
0%
gross margin
29%
-0.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.1m
+0.25%
total assets
2.9m
-0.02%
cash
1.4m
+0.4%
net assets
Total assets minus all liabilities
abbey steel and shearing company limited company details
company number
01570148
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
June 1981
age
43
accounts
Total Exemption Full
ultimate parent company
previous names
bailmere limited (February 1982)
incorporated
UK
address
28 church road, stanmore, middlesex, HA7 4XR
last accounts submitted
March 2023
abbey steel and shearing company 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 9 charges/mortgages relating to abbey steel and shearing company limited. Currently there are 2 open charges and 7 have been satisfied in the past.
abbey steel and shearing company limited Companies House Filings - See Documents
date | description | view/download |
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