Astec Precision Limited

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astec precision limited Company Information

Live

MatureMidRapid

Company Number

03621871

Website

www.astecprecision.com

Registered Address

unit 3, grizedale sandside road, ulverston, cumbria, LA12 9EF

Industry

Manufacture of fasteners and screw machine products

Telephone

01229480300

Next Accounts Due

March 2025

Group Structure

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Directors

Ian Buchan8 Years

Brian Aitken8 Years

View All

Shareholders

astec precision holdings ltd 100%

astec precision limited Estimated Valuation

£9.9m

Pomanda estimates the enterprise value of ASTEC PRECISION LIMITED at £9.9m based on Net Assets of £4.8m and 2.06x industry multiple (adjusted for liquidity).

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Astec Precision Limited AI Business Plan

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Astec Precision Limited is a live company located in cumbria, LA12 9EF with a Companies House number of 03621871. It operates in the manufacture of fasteners and screw machine products sector, SIC Code 25940. Founded in August 1998, it's largest shareholder is astec precision holdings ltd with a 100% stake. Astec Precision Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Astec Precision 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

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £8.8m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (8.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASTEC PRECISION LIMITED group structure

Astec Precision Limited has no subsidiary companies.

Ultimate parent company

ASTEC PRECISION HOLDINGS LIMITED

SC507627

1 parent

ASTEC PRECISION LIMITED

03621871

ASTEC PRECISION LIMITED Shareholders

astec precision holdings ltd

100%

Astec Precision Limited currently has 6 directors. The longest serving directors include Mr Ian Buchan (Jul 2015) and Mr Brian Aitken (Jul 2015).

officer	country	age	start	end	role
Mr Ian Buchan	United Kingdom	43 years	Jul 2015	-	Director
Mr Brian Aitken	United Kingdom	50 years	Jul 2015	-	Director
Mr John Pirrie	United Kingdom	65 years	Jul 2015	-	Director
Mr James Pirrie	Scotland	63 years	Jul 2015	-	Director
Mr Craig Hyslop	Scotland	54 years	Nov 2018	-	Director
Mr Edward Young	United Kingdom	61 years	May 2021	-	Director

EXPORT

Astec Precision Limited's latest turnover from June 2023 is estimated at £8.8 million and the company has net assets of £4.8 million. According to their latest financial statements, Astec Precision Limited has 51 employees and maintains cash reserves of £973.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	8,808,167	5,820,474	4,746,184	3,319,439	3,234,892	2,359,487	1,614,372	1,549,704	1,738,018	2,195,449	1,935,774	1,770,521	1,776,134	1,241,021
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,114,634	4,553,741	3,947,960	2,661,239	2,505,398	1,813,910	1,251,415	1,226,286	1,351,424	1,665,364	1,432,196	1,324,694	1,349,138	956,192
Gross Profit	1,693,534	1,266,733	798,224	658,201	729,494	545,578	362,956	323,418	386,594	530,085	503,578	445,827	426,996	284,829
Admin Expenses	543,094	370,832	1,006,163	343,623	134,669	73,242	-87,753	2,201,113	-563,654	-440,238	-379,563	-485,833	-139,979	-278,125
Operating Profit	1,150,440	895,901	-207,939	314,578	594,825	472,336	450,709	-1,877,695	950,248	970,323	883,141	931,660	566,975	562,954
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	60,394	14,607	865	668	3,441	3,014	1,904	8,583	11,747	8,176	5,687	3,392	1,220	340
Pre-Tax Profit	1,210,835	910,507	-207,074	315,246	598,265	475,349	452,612	-1,869,112	961,995	978,499	888,829	935,051	568,196	563,294
Tax	-302,709	-172,996	0	-59,897	-113,670	-90,316	-85,996	0	-192,399	-205,485	-204,431	-224,412	-147,731	-157,722
Profit After Tax	908,126	737,511	-207,074	255,349	484,595	385,033	366,616	-1,869,112	769,596	773,014	684,398	710,639	420,465	405,572
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	908,126	737,511	-207,074	255,349	484,595	385,033	366,616	-1,869,112	769,596	773,014	684,398	710,639	420,465	405,572
Employee Costs	2,014,743	1,653,905	1,449,514	1,678,310	1,442,562	875,804	735,063	619,652	316,714	346,952	351,611	319,631	372,994	281,503
Number Of Employees	51	46	43	49	43	28	24	20	11	12	12	11	13	11
EBITDA*	1,383,555	1,082,804	-55,731	462,932	736,841	593,009	566,271	-1,762,122	1,057,405	1,055,023	973,428	1,025,625	646,150	588,947

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,617,275	1,354,778	968,617	767,013	780,412	888,710	781,368	878,660	1,073,866	990,392	833,723	709,101	634,354	477,559
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	1,617,275	1,354,778	968,617	767,013	780,412	888,710	781,368	878,660	1,073,866	990,392	833,723	709,101	634,354	477,559
Stock & work in progress	1,031,683	805,305	566,678	473,976	479,456	360,717	171,023	152,984	104,593	102,541	49,610	45,374	45,870	40,796
Trade Debtors	3,261,179	1,967,098	1,765,364	747,742	978,295	702,551	568,296	566,908	542,893	731,573	702,654	564,082	570,057	349,591
Group Debtors	0	0	0	1,463,080	1,203,080	979,080	465,940	187,300	0	0	0	0	0	0
Misc Debtors	0	0	0	56,209	28,749	39,229	25,839	25,944	0	0	0	0	0	0
Cash	973,713	1,442,063	894,999	835,575	500,396	417,137	788,393	734,551	2,698,623	2,000,007	1,270,293	1,004,547	352,053	136,143
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,266,575	4,214,466	3,227,041	3,576,582	3,189,976	2,498,714	2,019,491	1,667,687	3,346,109	2,834,121	2,022,557	1,614,003	967,980	526,530
total assets	6,883,850	5,569,244	4,195,658	4,343,595	3,970,388	3,387,424	2,800,859	2,546,347	4,419,975	3,824,513	2,856,280	2,323,104	1,602,334	1,004,089
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	1,367,350	1,118,978	723,881	322,082	264,901	338,417	126,244	130,562	378,644	683,601	531,988	620,997	599,402	454,351
Group/Directors Accounts	0	0	0	33,678	30,564	45,188	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	36,600	0	0	0	0	0
other current liabilities	0	0	0	455,806	408,650	204,053	265,558	292,115	0	0	0	0	0	0
total current liabilities	1,367,350	1,118,978	723,881	811,566	704,115	587,658	391,802	422,677	415,244	683,601	531,988	620,997	599,402	454,351
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	73,200	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	305,808	322,297	126,011	15,947	0	0	12,137	69,537	0	0	2,413	56,603	79,938	82,870
provisions	385,958	211,361	166,669	129,911	135,451	153,539	135,726	159,555	167,841	146,818	100,799	108,822	96,951	61,290
total long term liabilities	691,766	533,658	292,680	145,858	135,451	153,539	147,863	229,092	241,041	146,818	103,212	165,425	176,889	144,160
total liabilities	2,059,116	1,652,636	1,016,561	957,424	839,566	741,197	539,665	651,769	656,285	830,419	635,200	786,422	776,291	598,511
net assets	4,824,734	3,916,608	3,179,097	3,386,171	3,130,822	2,646,227	2,261,194	1,894,578	3,763,690	2,994,094	2,221,080	1,536,682	826,043	405,578
total shareholders funds	4,824,734	3,916,608	3,179,097	3,386,171	3,130,822	2,646,227	2,261,194	1,894,578	3,763,690	2,994,094	2,221,080	1,536,682	826,043	405,578

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	1,150,440	895,901	-207,939	314,578	594,825	472,336	450,709	-1,877,695	950,248	970,323	883,141	931,660	566,975	562,954
Depreciation	233,115	186,903	152,208	148,354	142,016	120,673	115,562	115,573	107,157	84,700	90,287	93,965	79,175	25,993
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-302,709	-172,996	0	-59,897	-113,670	-90,316	-85,996	0	-192,399	-205,485	-204,431	-224,412	-147,731	-157,722
Stock	226,378	238,627	92,702	-5,480	118,739	189,694	18,039	48,391	2,052	52,931	4,236	-496	5,074	40,796
Debtors	1,294,081	201,734	-501,667	56,907	489,264	660,785	279,923	237,259	-188,680	28,919	138,572	-5,975	220,466	349,591
Creditors	248,372	395,097	401,799	57,181	-73,516	212,173	-4,318	-248,082	-304,957	151,613	-89,009	21,595	145,051	454,351
Accruals and Deferred Income	0	0	-455,806	47,156	204,597	-61,505	-26,557	292,115	0	0	0	0	0	0
Deferred Taxes & Provisions	174,597	44,692	36,758	-5,540	-18,088	17,813	-23,829	-8,286	21,023	46,019	-8,023	11,871	35,661	61,290
Cash flow from operations	-16,644	909,236	335,985	450,405	128,161	-179,305	127,609	-2,012,025	767,700	965,320	529,157	841,150	453,591	556,479
Investing Activities
capital expenditure	-495,612	-573,064	-353,812	-134,955	-33,718	-228,015	-18,270	79,633	-190,631	-241,369	-214,909	-168,712	-235,970	-503,552
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-495,612	-573,064	-353,812	-134,955	-33,718	-228,015	-18,270	79,633	-190,631	-241,369	-214,909	-168,712	-235,970	-503,552
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-33,678	3,114	-14,624	45,188	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	-109,800	109,800	0	0	0	0	0
other long term liabilities	-16,489	196,286	110,064	15,947	0	-12,137	-57,400	69,537	0	-2,413	-54,190	-23,335	-2,932	82,870
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	6
interest	60,394	14,607	865	668	3,441	3,014	1,904	8,583	11,747	8,176	5,687	3,392	1,220	340
cash flow from financing	43,905	210,893	77,251	19,729	-11,183	36,065	-55,496	-31,680	121,547	5,763	-48,503	-19,943	-1,712	83,216
cash and cash equivalents
cash	-468,350	547,064	59,424	335,179	83,259	-371,256	53,842	-1,964,072	698,616	729,714	265,746	652,494	215,910	136,143
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-468,350	547,064	59,424	335,179	83,259	-371,256	53,842	-1,964,072	698,616	729,714	265,746	652,494	215,910	136,143

P&L

June 2023

turnover

8.8m

+51%

operating profit

1.2m

gross margin

19.3%

-11.66%

turnover

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

Balance Sheet

June 2023

net assets

4.8m

+0.23%

total assets

6.9m

+0.24%

cash

973.7k

-0.32%

net assets

Total assets minus all liabilities

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company number

03621871

Type

Private limited with Share Capital

industry

25940 - Manufacture of fasteners and screw machine products

incorporation date

August 1998

age

accounts

Audited Abridged

ultimate parent company

ASTEC PRECISION HOLDINGS LIMITED

previous names

N/A

incorporated

address

unit 3, grizedale sandside road, ulverston, cumbria, LA12 9EF

last accounts submitted

June 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 4 charges/mortgages relating to astec precision limited. Currently there are 2 open charges and 2 have been satisfied in the past.

astec precision limited Company Information

astec precision limited Estimated Valuation

astec precision limited Estimated Valuation

astec precision limited Estimated Valuation

Astec Precision Limited AI Business Plan

Astec Precision Limited Overview

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astec precision limited Ownership

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ASTEC PRECISION LIMITED financials

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