Wingham Engineering Company Limited(the)

POWER SEARCH PRICING

SOLUTIONS

wingham engineering company limited(the) Company Information

Live

MatureSmallDeclining

Company Number

00029196

Website

www.quickway-wingham.co.uk

Registered Address

hardys yard london road, riverhead, sevenoaks, kent, TN13 2DN

Industry

Construction of commercial buildings

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01732459921

Next Accounts Due

November 2024

Group Structure

View All

Directors

Michael McGuirk33 Years

James Hambling8 Years

Shareholders

ramac holdings trading ltd 99.9%

honourable christopher george walter 0.1%

View All

wingham engineering company limited(the) Estimated Valuation

£575.1k

Pomanda estimates the enterprise value of WINGHAM ENGINEERING COMPANY LIMITED(THE) at £575.1k based on a Turnover of £1.1m and 0.53x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Wingham Engineering Company Limited(the) is a live company located in sevenoaks, TN13 2DN with a Companies House number of 00029196. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in June 1889, it's largest shareholder is ramac holdings trading ltd with a 99.9% stake. Wingham Engineering Company Limited(the) is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Wingham Engineering Company Limited(The) a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£10.8m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.9%)

EXPORT

Wingham Engineering Company Limited(The)'s latest turnover from February 2023 is estimated at £1.1 million and the company has net assets of -£681.9 thousand. According to their latest financial statements, Wingham Engineering Company Limited(The) has 8 employees and maintains cash reserves of £67.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,087,710	918,612	1,121,269	1,388,811	1,084,444	1,139,289	1,238,146	1,326,156	6,999,364	3,342,935	4,623,987	4,067,569	4,800,009	3,114,176
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	822,510	692,646	867,714	1,061,939	824,770	853,424	921,402	1,006,928	5,296,541	2,562,954	3,570,593	3,113,770	3,594,406	2,396,834
Gross Profit	265,200	225,966	253,554	326,873	259,674	285,865	316,744	319,228	1,702,824	779,981	1,053,394	953,799	1,205,603	717,342
Admin Expenses	317,196	340,919	416,540	408,269	432,742	448,509	479,716	746,921	1,565,776	792,023	1,096,081	1,034,840	1,245,236	-545,448
Operating Profit	-51,996	-114,953	-162,986	-81,396	-173,068	-162,644	-162,972	-427,693	137,048	-12,042	-42,687	-81,041	-39,633	1,262,790
Interest Payable	80,218	37,836	31,083	18,838	226	363	348	4,780	9,561	9,561	9,561	9,561	9,561	4,780
Interest Receivable	2,901	293	75	1,375	1,610	925	669	1,791	1,662	1,270	670	400	674	389
Pre-Tax Profit	-129,313	-152,497	-193,994	-98,860	-171,684	-162,082	-162,651	-430,683	129,149	-20,333	-51,578	-90,202	-48,520	1,258,399
Tax	0	0	0	0	0	0	0	0	-27,121	0	0	0	0	-352,352
Profit After Tax	-129,313	-152,497	-193,994	-98,860	-171,684	-162,082	-162,651	-430,683	102,028	-20,333	-51,578	-90,202	-48,520	906,047
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-129,313	-152,497	-193,994	-98,860	-171,684	-162,082	-162,651	-430,683	102,028	-20,333	-51,578	-90,202	-48,520	906,047
Employee Costs	373,458	314,731	524,232	523,317	514,707	493,835	562,732	577,545	1,352,594	711,728	994,815	906,992	1,071,514	773,637
Number Of Employees	8	7	12	12	12	12	14	15	36	20	28	26	32	23
EBITDA*	-2,846	-55,322	-109,129	-9,522	-96,574	-92,779	-115,835	-356,526	209,469	55,127	20,126	-22,302	26,307	1,322,974

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	174,832	137,472	133,030	136,094	215,768	232,872	249,039	191,156	230,604	245,417	153,658	152,916	99,439	157,035
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	179,832	142,472	138,030	141,094	220,768	237,872	254,039	196,156	235,604	250,417	158,658	157,916	104,439	162,035
Stock & work in progress	61,391	57,319	55,382	61,521	70,148	86,554	81,848	75,488	70,180	73,997	66,016	65,848	69,327	70,422
Trade Debtors	69,035	94,979	105,669	154,188	67,242	71,112	78,458	89,824	1,507,195	780,273	1,031,626	1,064,780	1,234,524	837,895
Group Debtors	0	0	0	0	0	0	8,028	3,592	0	0	0	0	0	0
Misc Debtors	209,519	79,995	7,295	228,699	10,755	5,258	13,386	24,293	0	0	0	0	0	0
Cash	67,328	77,724	39,351	109,892	256,735	172,555	197,466	338,077	378,278	286,583	221,480	46,444	113,657	155,785
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	407,273	310,017	207,697	554,300	404,880	335,479	379,186	531,274	1,955,653	1,140,853	1,319,122	1,177,072	1,417,508	1,064,102
total assets	587,105	452,489	345,727	695,394	625,648	573,351	633,225	727,430	2,191,257	1,391,270	1,477,780	1,334,988	1,521,947	1,226,137
Bank overdraft	31,357	22,574	0	72,589	6,668	22	11,135	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	155,209	105,401	54,242	113,635	45,217	49,959	66,898	55,640	1,148,803	445,001	592,513	396,965	494,214	138,078
Group/Directors Accounts	0	0	0	0	457,453	234,134	78,429	2,954	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	33,633	35,491	59,768	73,350	52,648	60,578	70,361	87,445	0	0	0	0	0	0
total current liabilities	220,199	163,466	114,010	259,574	561,986	344,693	226,823	146,039	1,148,803	445,001	592,513	396,965	494,214	138,078
loans	876,408	674,012	467,609	478,918	0	0	0	0	147,092	147,092	147,092	147,092	147,092	147,092
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	147,092	147,092	147,092	147,092	147,092	147,092	162,754	186,180	68,779	81,335	0	0	0	1,402
provisions	25,300	20,500	17,100	15,900	23,800	17,112	17,112	6,024	6,713	0	0	1,178	686	11,090
total long term liabilities	1,048,800	841,604	631,801	641,910	170,892	164,204	179,866	192,204	222,584	228,427	147,092	148,270	147,778	159,584
total liabilities	1,268,999	1,005,070	745,811	901,484	732,878	508,897	406,689	338,243	1,371,387	673,428	739,605	545,235	641,992	297,662
net assets	-681,894	-552,581	-400,084	-206,090	-107,230	64,454	226,536	389,187	819,870	717,842	738,175	789,753	879,955	928,475
total shareholders funds	-681,894	-552,581	-400,084	-206,090	-107,230	64,454	226,536	389,187	819,870	717,842	738,175	789,753	879,955	928,475

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-51,996	-114,953	-162,986	-81,396	-173,068	-162,644	-162,972	-427,693	137,048	-12,042	-42,687	-81,041	-39,633	1,262,790
Depreciation	49,150	59,631	53,857	71,874	76,494	69,865	47,137	71,167	72,421	67,169	62,813	58,739	65,940	60,184
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	-27,121	0	0	0	0	-352,352
Stock	4,072	1,937	-6,139	-8,627	-16,406	4,706	6,360	5,308	-3,817	7,981	168	-3,479	-1,095	70,422
Debtors	103,580	62,010	-269,923	304,890	1,627	-23,502	-17,837	-1,389,486	726,922	-251,353	-33,154	-169,744	396,629	837,895
Creditors	49,808	51,159	-59,393	68,418	-4,742	-16,939	11,258	-1,093,163	703,802	-147,512	195,548	-97,249	356,136	138,078
Accruals and Deferred Income	-1,858	-24,277	-13,582	20,702	-7,930	-9,783	-17,084	87,445	0	0	0	0	0	0
Deferred Taxes & Provisions	4,800	3,400	1,200	-7,900	6,688	0	11,088	-689	6,713	0	-1,178	492	-10,404	11,090
Cash flow from operations	-57,748	-88,987	95,158	-224,565	-87,779	-100,705	-99,096	21,245	169,758	150,987	247,482	54,164	-23,495	211,473
Investing Activities
capital expenditure	-86,510	-64,073	-50,793	7,800	-59,390	-53,698	-105,020	-31,719	-57,608	-158,928	-63,555	-112,216	-8,344	-217,219
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	5,000
cash flow from investments	-86,510	-64,073	-50,793	7,800	-59,390	-53,698	-105,020	-31,719	-57,608	-158,928	-63,555	-112,216	-8,344	-222,219
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-457,453	223,319	155,705	75,475	2,954	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	202,396	206,403	-11,309	478,918	0	0	0	-147,092	0	0	0	0	0	147,092
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	0	0	-15,662	-23,426	117,401	-12,556	81,335	0	0	-1,402	1,402
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	22,428
interest	-77,317	-37,543	-31,008	-17,463	1,384	562	321	-2,989	-7,899	-8,291	-8,891	-9,161	-8,887	-4,391
cash flow from financing	125,079	168,860	-42,317	4,002	224,703	140,605	52,370	-29,726	-20,455	73,044	-8,891	-9,161	-10,289	166,531
cash and cash equivalents
cash	-10,396	38,373	-70,541	-146,843	84,180	-24,911	-140,611	-40,201	91,695	65,103	175,036	-67,213	-42,128	155,785
overdraft	8,783	22,574	-72,589	65,921	6,646	-11,113	11,135	0	0	0	0	0	0	0
change in cash	-19,179	15,799	2,048	-212,764	77,534	-13,798	-151,746	-40,201	91,695	65,103	175,036	-67,213	-42,128	155,785

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for wingham engineering company limited(the). Get real-time insights into wingham engineering company limited(the)'s credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for wingham engineering company limited(the) by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TN13 area or any other competitors across 12 key performance metrics.

WINGHAM ENGINEERING COMPANY LIMITED(THE) group structure

Wingham Engineering Company Limited(The) has 1 subsidiary company.

Ultimate parent company

RAMAC HOLDINGS (TRADING) LIMITED

04246702

1 parent

WINGHAM ENGINEERING COMPANY LIMITED(THE)

00029196

1 subsidiary

OAKS PLANT HIRE LIMITED

00990319

WINGHAM ENGINEERING COMPANY LIMITED(THE) Shareholders

ramac holdings trading ltd	99.89%
honourable christopher george walter	0.09%
john plumptre	0.01%
gerald anthony ravenscroft	0%
merilyn driscoll	0%
michael mcguirk	0%
michael gregory hart	0%
robert j. wellington	0%

Wingham Engineering Company Limited(The) currently has 2 directors. The longest serving directors include Mr Michael McGuirk (Oct 1991) and Mr James Hambling (Dec 2015).

officer	country	age	start	end	role
Mr Michael McGuirk		82 years	Oct 1991	-	Director
Mr James Hambling		46 years	Dec 2015	-	Director

P&L

February 2023

turnover

1.1m

+18%

operating profit

-52k

gross margin

24.4%

-0.88%

turnover

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

Balance Sheet

February 2023

net assets

-681.9k

+0.23%

total assets

587.1k

+0.3%

cash

67.3k

-0.13%

net assets

Total assets minus all liabilities

Similar Companies

kentec tool hire limited

3.5

a.m.builders & decorators(sutton) limited

nomad carpentry ltd

3.5

sag ltd

bcs chahal ltd

company number

00029196

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

June 1889

ultimate parent company

RAMAC HOLDINGS (TRADING) LIMITED

previous names

the wingham agricultural implement company limited (August 1913)

address

hardys yard london road, riverhead, sevenoaks, kent, TN13 2DN

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 6 charges/mortgages relating to wingham engineering company limited(the). Currently there are 0 open charges and 6 have been satisfied in the past.

wingham engineering company limited(the) Company Information

wingham engineering company limited(the) Estimated Valuation

wingham engineering company limited(the) Estimated Valuation

wingham engineering company limited(the) Estimated Valuation

Wingham Engineering Company Limited(the) Overview

Wingham Engineering Company Limited(the) Health Check

WINGHAM ENGINEERING COMPANY LIMITED(THE) financials

wingham engineering company limited(the) Credit Report and Business Information

Wingham Engineering Company Limited(the) Competitor Analysis

wingham engineering company limited(the) Ownership

wingham engineering company limited(the) directors

wingham engineering company limited(the) company details

wingham engineering company limited(the) Charges & Mortgages

wingham engineering company limited(the) Companies House Filings - See Documents