Pomanda estimates the enterprise value of ALWAYSE ENGINEERING LIMITED at £1.5m based on a Turnover of £3.5m and 0.43x industry multiple (adjusted for size and gross margin).
alwayse engineering limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of ALWAYSE ENGINEERING LIMITED at £0 based on an EBITDA of £-1.3m and a 3.41x industry multiple (adjusted for size and gross margin).
alwayse engineering limitedEstimated Valuation
£5.4m
Pomanda estimates the enterprise value of ALWAYSE ENGINEERING LIMITED at £5.4m based on Net Assets of £3.2m and 1.72x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Alwayse Engineering LimitedOverview
Alwayse Engineering Limited is a live company located in birmingham, B6 4NF with a Companies House number of 00362715. It operates in the machining sector, SIC Code 25620. Founded in August 1940, it's largest shareholder is
alwayse ball units ltd
with a 100% stake. Alwayse Engineering Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£3.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Alwayse Engineering Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £4m, make it smaller than the average company (£11.2m)
£4m - Alwayse Engineering Limited
£11.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.4%)
-1% - Alwayse Engineering Limited
2.4% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
28.4% - Alwayse Engineering Limited
28.4% - Industry AVG
Profitability
an operating margin of 14.7% make it more profitable than the average company (5.7%)
14.7% - Alwayse Engineering Limited
5.7% - Industry AVG
Employees
with 43 employees, this is below the industry average (75)
43 - Alwayse Engineering Limited
75 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
£44.8k - Alwayse Engineering Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £92.4k, this is less efficient (£149.9k)
£92.4k - Alwayse Engineering Limited
£149.9k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (64 days)
55 days - Alwayse Engineering Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (52 days)
32 days - Alwayse Engineering Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 152 days, this is more than average (68 days)
152 days - Alwayse Engineering Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 242 weeks, this is more cash available to meet short term requirements (13 weeks)
242 weeks - Alwayse Engineering Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.3%, this is a lower level of debt than the average (51.1%)
15.3% - Alwayse Engineering Limited
51.1% - Industry AVG
ALWAYSE ENGINEERING LIMITED financials
EXPORT
Alwayse Engineering Limited's latest turnover from December 2023 is estimated at £3.5 million and the company has net assets of £3.2 million. According to their latest financial statements, Alwayse Engineering Limited has 39 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
3,532,602
3,973,615
4,960,851
4,335,848
4,095,251
4,281,850
3,521,112
4,967,718
4,445,159
5,498,860
5,137,513
5,205,951
4,667,385
4,209,478
3,927,741
Other Income Or Grants
Cost Of Sales
2,530,351
2,845,709
3,452,565
3,109,793
2,889,391
3,033,191
2,450,578
2,264,678
2,283,827
2,749,929
2,606,513
2,643,064
2,408,621
2,862,699
2,635,900
Gross Profit
1,002,251
1,127,906
1,508,286
1,226,055
1,205,860
1,248,659
1,070,533
2,703,040
2,161,332
2,748,931
2,531,000
2,562,887
2,258,764
1,346,779
1,291,841
Admin Expenses
2,492,639
543,017
1,117,148
942,394
1,145,410
1,288,550
706,379
1,893,523
1,789,721
1,969,676
1,858,810
1,798,219
1,742,925
951,406
-899,932
Operating Profit
-1,490,388
584,889
391,138
283,661
60,450
-39,891
364,154
809,517
371,611
779,255
672,190
764,668
515,839
395,373
2,191,773
Interest Payable
253
253
5,348
12,988
1,179
2,104
2,132
674
Interest Receivable
117,430
136,100
20,782
2,503
2,291
17,925
11,842
3,943
5,292
5,301
5,219
8,050
5,464
4,334
1,682
Pre-Tax Profit
-1,372,958
720,989
411,920
285,911
62,488
-21,966
375,995
813,460
376,903
783,337
675,305
770,586
520,629
399,707
2,193,454
Tax
-136,988
-78,265
-54,323
-11,873
-71,439
-96,511
-8,371
-85,430
-76,873
1,620
-126,712
-111,918
-614,167
Profit After Tax
-1,372,958
584,001
333,655
231,588
50,615
-21,966
304,556
716,949
368,532
697,907
598,432
772,206
393,917
287,789
1,579,287
Dividends Paid
300,988
96,060
350,139
499,512
550,344
150,094
Retained Profit
-1,372,958
584,001
333,655
231,588
50,615
-21,966
304,556
415,961
272,472
347,768
98,920
221,862
243,823
287,789
1,579,287
Employee Costs
1,829,882
1,928,113
1,813,019
1,899,551
2,212,454
1,335,012
1,071,652
1,953,745
1,819,383
2,080,365
1,990,844
1,942,362
1,845,141
1,252,337
1,075,583
Number Of Employees
39
43
42
46
54
34
28
50
51
53
53
56
55
37
33
EBITDA*
-1,346,632
653,075
463,103
337,280
118,411
19,779
445,133
881,393
457,701
870,925
785,854
846,840
596,638
453,382
2,244,994
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
555,972
680,667
580,987
410,870
456,592
474,910
502,771
547,912
623,089
673,667
703,752
537,248
550,752
400,917
406,449
Intangible Assets
Investments & Other
2
2
2
2
2
2
2
2
2
2
2
2
2
Debtors (Due After 1 year)
Total Fixed Assets
555,972
680,667
580,989
410,872
456,594
474,912
502,773
547,914
623,091
673,669
703,754
537,250
550,754
400,919
406,451
Stock & work in progress
1,012,157
1,187,099
822,301
809,550
900,595
895,369
714,111
678,805
608,843
701,108
748,096
743,484
918,415
730,413
656,102
Trade Debtors
414,336
602,861
1,272,965
1,000,920
668,392
1,033,833
820,518
912,274
655,882
876,306
981,989
873,732
825,818
881,810
698,032
Group Debtors
79,398
60,951
60,951
Misc Debtors
147,781
24,877
20,731
7,691
14,395
6,605
24,976
757
8,154
9,436
68,638
31,175
26,736
Cash
1,605,997
3,537,175
2,867,544
2,674,223
2,332,582
2,249,212
2,530,751
2,205,865
1,912,086
2,184,086
1,620,865
1,643,861
1,146,685
1,061,099
672,642
misc current assets
210
total current assets
3,180,271
5,352,012
5,062,939
4,492,594
3,915,964
4,245,970
4,151,307
3,797,701
3,184,965
3,770,936
3,419,588
3,292,252
2,917,654
2,673,322
2,026,776
total assets
3,736,243
6,032,679
5,643,928
4,903,466
4,372,558
4,720,882
4,654,080
4,345,615
3,808,056
4,444,605
4,123,342
3,829,502
3,468,408
3,074,241
2,433,227
Bank overdraft
8,305
171,120
228,496
285,652
181,347
235,281
Bank loan
Trade Creditors
235,915
256,242
241,039
157,703
103,987
496,653
460,755
382,983
99,277
223,588
257,315
160,605
227,610
994,376
656,005
Group/Directors Accounts
600
8,449
87,291
622,141
622,011
496,309
360,010
other short term finances
hp & lease commitments
22,607
36,015
36,015
other current liabilities
208,700
502,160
740,286
483,767
223,541
243,183
185,210
245,040
152,120
330,492
237,285
366,487
208,954
total current liabilities
444,615
758,402
981,325
642,070
335,833
739,836
645,965
636,472
509,808
1,404,717
1,424,870
1,240,763
1,067,870
994,376
656,005
loans
hp & lease commitments
20,504
54,387
Accruals and Deferred Income
other liabilities
provisions
138,115
163,805
136,132
68,580
75,497
70,433
75,536
81,120
86,187
100,299
106,691
75,374
75,152
52,689
37,835
total long term liabilities
138,115
163,805
136,132
68,580
75,497
70,433
75,536
81,120
86,187
100,299
106,691
95,878
129,539
52,689
37,835
total liabilities
582,730
922,207
1,117,457
710,650
411,330
810,269
721,501
717,592
595,995
1,505,016
1,531,561
1,336,641
1,197,409
1,047,065
693,840
net assets
3,153,513
5,110,472
4,526,471
4,192,816
3,961,228
3,910,613
3,932,579
3,628,023
3,212,061
2,939,589
2,591,781
2,492,861
2,270,999
2,027,176
1,739,387
total shareholders funds
3,153,513
5,110,472
4,526,471
4,192,816
3,961,228
3,910,613
3,932,579
3,628,023
3,212,061
2,939,589
2,591,781
2,492,861
2,270,999
2,027,176
1,739,387
Dec 2023
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
-1,490,388
584,889
391,138
283,661
60,450
-39,891
364,154
809,517
371,611
779,255
672,190
764,668
515,839
395,373
2,191,773
Depreciation
143,756
68,186
71,965
53,619
57,961
59,670
80,979
71,876
86,090
91,670
113,664
82,172
80,799
58,009
53,221
Amortisation
Tax
-136,988
-78,265
-54,323
-11,873
-71,439
-96,511
-8,371
-85,430
-76,873
1,620
-126,712
-111,918
-614,167
Stock
189,856
364,798
12,751
-91,045
5,226
181,258
35,306
69,962
-92,265
-46,988
4,612
-174,931
188,002
74,311
656,102
Debtors
-810,977
-745,356
364,483
325,824
-418,602
194,944
-6,586
248,995
-221,706
-164,885
145,720
52,353
-29,256
183,778
698,032
Creditors
-5,124
15,203
83,336
53,716
-392,666
35,898
77,772
283,706
-124,311
-33,727
96,710
-67,005
-766,766
338,371
656,005
Accruals and Deferred Income
-531,586
-238,126
256,519
260,226
-19,642
57,973
-59,830
92,920
-178,372
93,207
-129,202
157,533
208,954
Deferred Taxes & Provisions
1,983
27,673
67,552
-6,917
5,064
-5,103
-5,584
-5,067
-14,112
-6,392
31,317
222
22,463
14,854
37,835
Cash flow from operations
-1,260,238
701,395
415,011
355,203
112,670
-267,655
357,332
837,484
446,506
1,050,456
557,474
1,061,788
-224,169
436,600
970,533
Investing Activities
capital expenditure
-118,741
-167,866
-242,082
-7,897
-39,643
-31,809
-35,838
3,301
-35,512
-61,585
-278,411
-69,593
-235,729
-52,477
-459,670
Change in Investments
-2
-2
2
cash flow from investments
-118,739
-167,864
-242,082
-7,897
-39,643
-31,809
-35,838
3,301
-35,512
-61,585
-278,411
-69,593
-235,729
-52,477
-459,672
Financing Activities
Bank loans
Group/Directors Accounts
-600
600
-8,449
-78,842
-534,850
130
125,702
136,299
360,010
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-22,607
-33,912
-33,883
90,402
other long term liabilities
share issue
1
40
160,100
interest
117,430
136,100
20,782
2,250
2,038
17,925
11,842
-1,405
-7,696
4,122
3,115
5,918
4,790
4,334
1,682
cash flow from financing
117,430
136,100
20,182
2,850
2,038
17,925
3,393
-80,246
-542,546
-18,315
94,905
108,334
455,202
4,334
161,782
cash and cash equivalents
cash
-1,261,547
669,631
193,321
341,641
83,370
-281,539
324,886
293,779
-272,000
563,221
-22,996
497,176
85,586
388,457
672,642
overdraft
-8,305
8,305
-171,120
-57,376
-57,156
104,305
-53,934
235,281
change in cash
-1,261,547
669,631
193,321
349,946
75,065
-281,539
324,886
464,899
-214,624
620,377
-127,301
551,110
-149,695
388,457
672,642
alwayse engineering limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for alwayse engineering limited. Get real-time insights into alwayse engineering limited's credit score, group structure and payment trends.
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alwayse engineering limited Ownership
ALWAYSE ENGINEERING LIMITED group structure
Alwayse Engineering Limited has 1 subsidiary company.
The sole shareholder of Alwayse Engineering Limited is Alwayse Ball Units Ltd.
alwayse ball units ltd
100%
alwayse engineering limited directors
Alwayse Engineering Limited currently has 3 directors.
The longest serving directors include
Mr David Mickelson (Mar 2023) and
Mrs Claire Umney (Jan 2024).
28220 - Manufacture of lifting and handling equipment
incorporation date
August 1940
age
85
incorporated
UK
ultimate parent company
SORB INDUSTRI AB
accounts
Small Company
last accounts submitted
December 2023
previous names
sheridan precision tools limited (July 1985)
accountant
PRIME
auditor
-
address
6 miller street, aston, birmingham, B6 4NF
Bank
HSBC BANK PLC
Legal Advisor
-
alwayse 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 2 charges/mortgages relating to alwayse engineering limited. Currently there are 0 open charges and 2 have been satisfied in the past.
alwayse engineering limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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alwayse engineering limitedCompanies House Filings - See Documents
