vinters engineering limited

4

vinters engineering limited Company Information

Share VINTERS ENGINEERING LIMITED
Live 
MatureMidDeclining

Company Number

00003543

Website

-

Registered Address

rolls royce plc, moor lane, derby, derbyshire, DE24 8BJ

Industry

Other manufacturing n.e.c.

 

Manufacture of other parts and accessories for motor vehicles

 
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Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

Tiziana Iacolino4 Years

Bryony French4 Years

Shareholders

vinters ltd 100%

rolls-royce industries ltd 0%

vinters engineering limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of VINTERS ENGINEERING LIMITED at £5.1m based on a Turnover of £7.9m and 0.64x industry multiple (adjusted for size and gross margin).

vinters engineering limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of VINTERS ENGINEERING LIMITED at £5.3m based on an EBITDA of £1.1m and a 4.94x industry multiple (adjusted for size and gross margin).

vinters engineering limited Estimated Valuation

£38.7m

Pomanda estimates the enterprise value of VINTERS ENGINEERING LIMITED at £38.7m based on Net Assets of £16.6m and 2.33x industry multiple (adjusted for liquidity).

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Vinters Engineering Limited Overview

Vinters Engineering Limited is a live company located in derby, DE24 8BJ with a Companies House number of 00003543. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 1867, it's largest shareholder is vinters ltd with a 100% stake. Vinters Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.9m with declining growth in recent years.

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Vinters Engineering Limited Health Check

Pomanda's financial health check has awarded Vinters Engineering Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £7.9m, make it smaller than the average company (£20.1m)

£7.9m - Vinters Engineering Limited

£20.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.9%)

-1% - Vinters Engineering Limited

5.9% - Industry AVG

production

Production

with a gross margin of 32%, this company has a lower cost of product (24.5%)

32% - Vinters Engineering Limited

24.5% - Industry AVG

profitability

Profitability

an operating margin of 12.2% make it more profitable than the average company (5.6%)

12.2% - Vinters Engineering Limited

5.6% - Industry AVG

employees

Employees

with 45 employees, this is below the industry average (97)

45 - Vinters Engineering Limited

97 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.6k, the company has a higher pay structure (£42.7k)

£58.6k - Vinters Engineering Limited

£42.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £175.5k, this is equally as efficient (£191.7k)

£175.5k - Vinters Engineering Limited

£191.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (50 days)

15 days - Vinters Engineering Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 161 days, this is slower than average (40 days)

161 days - Vinters Engineering Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 279 days, this is more than average (72 days)

279 days - Vinters Engineering Limited

72 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (9 weeks)

10 weeks - Vinters Engineering Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 78.3%, this is a higher level of debt than the average (56.7%)

78.3% - Vinters Engineering Limited

56.7% - Industry AVG

VINTERS ENGINEERING LIMITED financials

EXPORTms excel logo

Vinters Engineering Limited's latest turnover from December 2023 is £7.9 million and the company has net assets of £16.6 million. According to their latest financial statements, Vinters Engineering Limited has 45 employees and maintains cash reserves of £10.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover7,897,00010,398,0009,022,0008,077,0007,404,00010,000,0008,600,0009,200,0004,900,0009,900,00013,800,00015,700,00012,400,00020,300,00021,200,000
Other Income Or Grants000000000000000
Cost Of Sales5,373,0005,670,0006,086,0004,942,0005,042,0006,700,0005,800,0005,500,0002,400,0005,400,00010,200,00011,100,0008,700,00012,600,00016,900,000
Gross Profit2,524,0004,728,0002,936,0003,135,0002,362,0003,300,0002,800,0003,700,0002,500,0004,500,0003,600,0004,600,0003,700,0007,700,0004,300,000
Admin Expenses1,558,0002,209,0001,079,0001,146,0001,292,000208,998-15,900,0007,800,0005,800,000-10,000,0008,300,0005,400,00011,400,0008,000,000800,000
Operating Profit966,0002,519,0001,857,0001,989,0001,070,0003,091,00218,700,000-4,100,000-3,300,00014,500,000-4,700,000-800,000-7,700,000-300,0003,500,000
Interest Payable000170,00024,0000000000000
Interest Receivable428,00092,00024,0006,00022,000000100,0000100,000100,000100,000200,000100,000
Pre-Tax Profit4,466,0007,058,0003,717,000-47,0002,768,0003,500,00018,700,000-4,100,000-3,200,000-258,500,000-4,600,000-500,000-7,200,00077,500,000149,400,000
Tax-1,022,000-1,362,000-368,000-49,000-520,000-900,000-2,100,000500,0001,200,000-3,100,0001,100,000200,0001,800,000100,000-1,100,000
Profit After Tax3,444,0005,696,0003,349,000-96,0002,248,0002,600,00016,600,000-3,600,000-2,000,000-261,600,000-3,500,000-300,000-5,400,00077,600,000148,300,000
Dividends Paid000000000000000
Retained Profit3,444,0005,696,0003,349,000-96,0002,248,0002,600,00016,600,000-3,600,000-2,000,000-261,600,000-3,500,000-300,000-5,400,00077,600,000148,300,000
Employee Costs2,635,0002,681,0002,373,0002,413,0002,274,0002,200,0002,000,0001,900,0001,800,0002,000,0003,700,0004,500,0004,300,0004,300,0003,900,000
Number Of Employees454545424040404040407193949792
EBITDA*1,078,0002,645,0001,987,0002,125,0001,209,0003,291,00218,900,000-3,700,000-3,100,00014,800,000-4,400,000-500,000-7,500,00003,800,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,206,0003,267,00035,604,00035,670,00035,670,00035,500,00035,600,000100,700,000101,300,0004,600,0004,900,0005,200,0005,400,0005,600,0005,900,000
Intangible Assets000000000000000
Investments & Other32,245,00032,245,00032,245,00032,245,00032,245,00032,200,00032,200,00096,600,00096,600,00096,900,000369,900,000369,900,000369,900,000369,900,000369,900,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets35,451,00035,512,00035,604,00035,670,00035,670,00035,500,00035,600,000100,700,000101,300,000101,500,000374,800,000375,100,000375,300,000375,500,000375,800,000
Stock & work in progress4,114,0002,717,0002,082,0002,006,0001,541,0001,600,0002,400,0001,300,0001,200,000600,000700,0003,200,0003,800,0004,400,0004,300,000
Trade Debtors334,000489,000731,000428,000458,000400,000500,0001,400,000600,000700,0001,200,0003,200,0002,800,0003,300,0008,700,000
Group Debtors26,421,00031,000,00033,231,00032,188,00031,302,00032,300,00010,800,00011,300,00012,300,0001,000,0002,800,0001,700,00081,200,00083,200,000100,100,000
Misc Debtors39,00037,00037,00039,00036,00000100,000100,00000300,0001,900,000200,0000
Cash10,126,0008,903,0005,994,0005,767,0005,857,0004,900,00026,800,00021,600,00019,400,00029,000,00025,000,00022,400,00024,500,00025,900,00052,400,000
misc current assets00138,000122,00040,000002,300,0002,300,000000000
total current assets41,034,00043,146,00042,213,00040,550,00039,234,00039,200,00040,500,00038,000,00035,900,00031,300,00029,700,00030,800,000114,200,000117,000,000165,500,000
total assets76,485,00078,658,00077,817,00076,220,00074,904,00074,700,00076,100,000138,700,000137,200,000132,800,000404,500,000405,900,000489,500,000492,500,000541,300,000
Bank overdraft0000000002,300,0002,500,000600,000000
Bank loan000000000000000
Trade Creditors 2,380,0001,875,000210,000364,000300,000200,000200,000300,000200,000300,000500,000900,000600,000300,000500,000
Group/Directors Accounts48,312,00050,370,0000000000123,000,000119,900,000120,100,000120,100,000119,500,000120,600,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities1,636,0001,531,00053,710,00053,082,00053,425,00055,000,00056,000,000124,800,000126,500,0002,800,0003,700,0003,500,0006,900,0009,300,00013,600,000
total current liabilities52,328,00053,776,00053,920,00053,446,00053,725,00055,200,00056,200,000125,100,000126,700,000128,400,000126,600,000125,100,000127,600,000129,100,000134,700,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0001,087,0001,770,0000000000000
provisions7,525,00011,771,00033,054,00035,360,00030,692,00035,400,00041,400,00062,000,00048,600,00016,200,00028,100,00027,600,00028,500,00024,700,00020,600,000
total long term liabilities7,525,00011,771,00016,527,00018,767,00017,116,00017,700,00020,700,00031,000,00024,300,00016,200,00028,100,00027,600,00028,500,00024,700,00020,600,000
total liabilities59,853,00065,547,00070,447,00072,213,00070,841,00072,900,00076,900,000156,100,000151,000,000144,600,000154,700,000152,700,000156,100,000153,800,000155,300,000
net assets16,632,00013,111,0007,370,0004,007,0004,063,0001,800,000-800,000-17,400,000-13,800,000-11,800,000249,800,000253,200,000333,400,000338,700,000386,000,000
total shareholders funds16,632,00013,111,0007,370,0004,007,0004,063,0001,800,000-800,000-17,400,000-13,800,000-11,800,000249,800,000253,200,000333,400,000338,700,000386,000,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit966,0002,519,0001,857,0001,989,0001,070,0003,091,00218,700,000-4,100,000-3,300,00014,500,000-4,700,000-800,000-7,700,000-300,0003,500,000
Depreciation112,000126,000130,000136,000139,000200,000200,000400,000200,000300,000300,000300,000200,000300,000300,000
Amortisation000000000000000
Tax-1,022,000-1,362,000-368,000-49,000-520,000-900,000-2,100,000500,0001,200,000-3,100,0001,100,000200,0001,800,000100,000-1,100,000
Stock1,397,000635,00076,000465,000-59,000-800,0001,100,000100,000600,000-100,000-2,500,000-600,000-600,000100,0004,300,000
Debtors-4,732,000-2,473,0001,344,000859,000-904,00021,400,000-1,500,000-200,00011,300,000-2,300,000-1,200,000-80,700,000-800,000-22,100,000108,800,000
Creditors505,0001,665,000-154,00064,000100,0000-100,000100,000-100,000-200,000-400,000300,000300,000-200,000500,000
Accruals and Deferred Income105,000-52,179,000628,000-343,000-1,575,000-1,000,000-68,800,000-1,700,000123,700,000-900,000200,000-3,400,000-2,400,000-4,300,00013,600,000
Deferred Taxes & Provisions-4,246,000-21,283,000-2,306,0004,668,000-4,708,000-6,000,000-20,600,00013,400,00032,400,000-11,900,000500,000-900,0003,800,0004,100,00020,600,000
Cash flow from operations-245,000-68,676,000-1,633,0005,141,000-4,531,000-25,208,998-72,300,0008,700,000142,200,0001,100,000700,00077,000,000-2,600,00021,700,000-75,700,000
Investing Activities
capital expenditure-51,00032,211,000-64,000-136,000-309,000-100,00064,900,000200,000-96,900,00000-100,00000-6,200,000
Change in Investments000045,0000-64,400,0000-300,000-273,000,0000000369,900,000
cash flow from investments-51,00032,211,000-64,000-136,000-354,000-100,000129,300,000200,000-96,600,000273,000,0000-100,00000-376,100,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-2,058,00050,370,000000000-123,000,0003,100,000-200,0000600,000-1,100,000120,600,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00-1,087,000-683,0001,770,0000000000000
share issue77,00045,00014,00040,00015,00000000100,000-79,900,000100,000-124,900,000237,700,000
interest428,00092,00024,000-164,000-2,000000100,0000100,000100,000100,000200,000100,000
cash flow from financing-1,553,00050,507,000-1,049,000-807,0001,783,000000-122,900,0003,100,0000-79,800,000800,000-125,800,000358,400,000
cash and cash equivalents
cash1,223,0002,909,000227,000-90,000957,000-21,900,0005,200,0002,200,000-9,600,0004,000,0002,600,000-2,100,000-1,400,000-26,500,00052,400,000
overdraft00000000-2,300,000-200,0001,900,000600,000000
change in cash1,223,0002,909,000227,000-90,000957,000-21,900,0005,200,0002,200,000-7,300,0004,200,000700,000-2,700,000-1,400,000-26,500,00052,400,000

vinters engineering limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vinters Engineering Limited Competitor Analysis

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Perform a competitor analysis for vinters engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DE24 area or any other competitors across 12 key performance metrics.

vinters engineering limited Ownership

vinters engineering limited directors

Vinters Engineering Limited currently has 2 directors. The longest serving directors include Ms Tiziana Iacolino (Aug 2020) and Mrs Bryony French (Aug 2020).

officercountryagestartendrole
Ms Tiziana Iacolino47 years Aug 2020- Director
Mrs Bryony French49 years Aug 2020- Director

P&L

December 2023

turnover

7.9m

-24%

operating profit

966k

-62%

gross margin

32%

-29.71%

turnover

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

Balance Sheet

December 2023

net assets

16.6m

+0.27%

total assets

76.5m

-0.03%

cash

10.1m

+0.14%

net assets

Total assets minus all liabilities

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vinters engineering limited company details

company number

00003543

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

29320 - Manufacture of other parts and accessories for motor vehicles

30110 - Building of ships and floating structures

incorporation date

April 1867

age

157

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

vinters engineering plc (December 2012)

vickers engineering plc (March 2003)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

rolls royce plc, moor lane, derby, derbyshire, DE24 8BJ

Bank

LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC

Legal Advisor

-

vinters engineering 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 1 charges/mortgages relating to vinters engineering limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

vinters engineering limited Companies House Filings - See Documents

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