didsbury engineering co.limited
didsbury engineering co.limited Company Information
Group Structure
View All
Industry
Manufacture of lifting and handling equipment
Registered Address
unit 1b, lower meadow road, brooke park, wilmslow, SK9 3LP
Website
www.didsbury.comdidsbury engineering co.limited Estimated Valuation
Pomanda estimates the enterprise value of DIDSBURY ENGINEERING CO.LIMITED at £2.3m based on a Turnover of £4.4m and 0.53x industry multiple (adjusted for size and gross margin).
didsbury engineering co.limited Estimated Valuation
Pomanda estimates the enterprise value of DIDSBURY ENGINEERING CO.LIMITED at £0 based on an EBITDA of £-9.3m and a 4.07x industry multiple (adjusted for size and gross margin).
didsbury engineering co.limited Estimated Valuation
Pomanda estimates the enterprise value of DIDSBURY ENGINEERING CO.LIMITED at £11.2m based on Net Assets of £5m and 2.26x industry multiple (adjusted for liquidity).
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Didsbury Engineering Co.limited Overview
Didsbury Engineering Co.limited is a live company located in wilmslow, SK9 3LP with a Companies House number of 00371191. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in December 1941, it's largest shareholder is lifco ab with a 100% stake. Didsbury Engineering Co.limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.
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Didsbury Engineering Co.limited Health Check
Pomanda's financial health check has awarded Didsbury Engineering Co.Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£15m)
- Didsbury Engineering Co.limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.8%)
- Didsbury Engineering Co.limited
6.8% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
- Didsbury Engineering Co.limited
28.7% - Industry AVG
Profitability
an operating margin of -212.3% make it less profitable than the average company (6%)
- Didsbury Engineering Co.limited
6% - Industry AVG
Employees
with 36 employees, this is below the industry average (80)
36 - Didsbury Engineering Co.limited
80 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
- Didsbury Engineering Co.limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £123k, this is less efficient (£179.7k)
- Didsbury Engineering Co.limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (60 days)
- Didsbury Engineering Co.limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (49 days)
- Didsbury Engineering Co.limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 108 days, this is more than average (64 days)
- Didsbury Engineering Co.limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 285 weeks, this is more cash available to meet short term requirements (13 weeks)
285 weeks - Didsbury Engineering Co.limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.1%, this is a lower level of debt than the average (54.9%)
12.1% - Didsbury Engineering Co.limited
54.9% - Industry AVG
DIDSBURY ENGINEERING CO.LIMITED financials
Didsbury Engineering Co.Limited's latest turnover from December 2023 is estimated at £4.4 million and the company has net assets of £5 million. According to their latest financial statements, Didsbury Engineering Co.Limited has 36 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,117 | 6,026,000 | 4,506,000 | 5,324,000 | 5,134,000 | 3,628,000 | 4,182,000 | ||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,117 | 2,904,000 | 2,050,000 | 2,695,000 | 2,418,000 | 1,682,000 | 2,186,000 | ||||||||
| Gross Profit | 3,000 | 3,122,000 | 2,456,000 | 2,629,000 | 2,716,000 | 1,946,000 | 1,996,000 | ||||||||
| Admin Expenses | 1,780 | 1,626,000 | 1,442,000 | 1,521,000 | 1,444,000 | 1,337,000 | 1,339,000 | ||||||||
| Operating Profit | 1,220 | 1,496,000 | 1,014,000 | 1,108,000 | 1,272,000 | 609,000 | 657,000 | ||||||||
| Interest Payable | 4,000 | 7,000 | 5,000 | 15,000 | 7,000 | 16,000 | |||||||||
| Interest Receivable | 5 | ||||||||||||||
| Pre-Tax Profit | 1,225 | 1,492,000 | 748,000 | 1,103,000 | 1,257,000 | 602,000 | 641,000 | ||||||||
| Tax | -159 | -155,000 | -234,000 | -266,000 | -327,000 | -152,000 | -156,000 | ||||||||
| Profit After Tax | 1,066 | 1,337,000 | 514,000 | 837,000 | 930,000 | 450,000 | 485,000 | ||||||||
| Dividends Paid | 500,000 | 500,000 | 500,000 | 500,000 | 450,000 | 500,000 | |||||||||
| Retained Profit | 1,066 | 837,000 | 14,000 | 337,000 | 430,000 | -15,000 | |||||||||
| Employee Costs | 1,408 | 1,360,000 | 1,249,000 | 1,229,000 | 1,212,000 | 1,130,000 | 1,132,000 | ||||||||
| Number Of Employees | 36 | 30 | 30 | 30 | 30 | 30 | 33 | 34 | 35 | 33 | 32 | 32 | 30 | 29 | 31 |
| EBITDA* | 1,245 | 1,522,000 | 1,052,000 | 1,142,000 | 1,307,000 | 642,000 | 716,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 259,111 | 138,625 | 107,605 | 128,179 | 40,405 | 48,627 | 58,289 | 50,421 | 57,560 | 36,000 | 49,000 | 62,000 | 66,000 | 37,000 | 48,000 |
| Intangible Assets | 9,923 | 36,567 | 42,522 | 2,000 | 5,000 | 7,000 | 10,000 | 6,000 | 19,000 | ||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 269,034 | 175,192 | 150,127 | 128,179 | 40,405 | 48,627 | 58,289 | 50,421 | 57,560 | 38,000 | 54,000 | 69,000 | 76,000 | 43,000 | 67,000 |
| Stock & work in progress | 936,389 | 549,599 | 696,331 | 988,129 | 517,441 | 600,722 | 632,226 | 926,156 | 665,738 | 573,000 | 559,000 | 733,000 | 566,000 | 596,000 | 550,000 |
| Trade Debtors | 901,231 | 2,177,832 | 1,575,731 | 2,039,897 | 1,982,622 | 1,909,527 | 1,422,606 | 1,488,844 | 1,775,295 | 1,500,000 | 839,000 | 913,000 | 381,000 | 466,000 | 1,028,000 |
| Group Debtors | 9,433,010 | 7,822,994 | 7,747,094 | 1,076,000 | 1,076,000 | 1,076,000 | 1,076,000 | 1,076,000 | 550,000 | 768,000 | 1,239,000 | 1,401,000 | 1,558,000 | 1,507,000 | |
| Misc Debtors | 129,541 | 442,335 | 891,274 | 810,949 | 5,935,641 | 5,823,375 | 3,379,627 | 2,072,581 | 115,206 | 81,000 | 70,000 | 45,000 | 84,000 | 87,000 | 100,000 |
| Cash | 3,417,947 | 2,335,479 | 2,649,330 | 1,866,149 | 2,032,973 | 945,057 | 2,378,129 | 621,942 | 1,525,022 | 1,141,000 | 842,000 | 369,000 | 456,000 | 1,000 | 2,000 |
| misc current assets | |||||||||||||||
| total current assets | 5,385,108 | 14,938,255 | 13,635,660 | 13,452,218 | 11,544,677 | 10,354,681 | 8,888,588 | 6,185,523 | 5,157,261 | 3,845,000 | 3,078,000 | 3,299,000 | 2,888,000 | 2,708,000 | 3,187,000 |
| total assets | 5,654,142 | 15,113,447 | 13,785,787 | 13,580,397 | 11,585,082 | 10,403,308 | 8,946,877 | 6,235,944 | 5,214,821 | 3,883,000 | 3,132,000 | 3,368,000 | 2,964,000 | 2,751,000 | 3,254,000 |
| Bank overdraft | 334,000 | 546,000 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 65,853 | 171,942 | 1,015,948 | 607,481 | 434,165 | 125,609 | 256,124 | 315,684 | 411,550 | 256,000 | 163,000 | 258,000 | 171,000 | 228,000 | 518,000 |
| Group/Directors Accounts | 140,585 | 232,585 | 250,985 | 140,585 | 140,585 | 140,585 | 144,587 | 11,000 | 11,000 | 11,000 | 11,000 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 556,993 | 549,033 | 589,653 | 358,660 | 477,402 | 774,215 | 308,383 | 204,460 | 245,000 | 424,000 | 568,000 | 588,000 | 414,000 | 415,000 | |
| total current liabilities | 622,846 | 861,560 | 1,015,948 | 1,429,719 | 1,043,810 | 743,596 | 1,170,924 | 764,652 | 760,597 | 501,000 | 587,000 | 837,000 | 770,000 | 987,000 | 1,490,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 63,735 | 33,345 | 19,229 | 22,871 | 5,868 | 7,814 | 9,922 | 8,335 | 6,093 | ||||||
| total long term liabilities | 63,735 | 33,345 | 19,229 | 22,871 | 5,868 | 7,814 | 9,922 | 8,335 | 6,093 | ||||||
| total liabilities | 686,581 | 894,905 | 1,035,177 | 1,452,590 | 1,049,678 | 751,410 | 1,180,846 | 772,987 | 766,690 | 501,000 | 587,000 | 837,000 | 770,000 | 987,000 | 1,490,000 |
| net assets | 4,967,561 | 14,218,542 | 12,750,610 | 12,127,807 | 10,535,404 | 9,651,898 | 7,766,031 | 5,462,957 | 4,448,131 | 3,382,000 | 2,545,000 | 2,531,000 | 2,194,000 | 1,764,000 | 1,764,000 |
| total shareholders funds | 4,967,561 | 14,218,542 | 12,750,610 | 12,127,807 | 10,535,404 | 9,651,898 | 7,766,031 | 5,462,957 | 4,448,131 | 3,382,000 | 2,545,000 | 2,531,000 | 2,194,000 | 1,764,000 | 1,764,000 |
| Dec 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,220 | 1,496,000 | 1,014,000 | 1,108,000 | 1,272,000 | 609,000 | 657,000 | ||||||||
| Depreciation | 50,041 | 37,666 | 34,082 | 46,040 | 12,235 | 11,636 | 13,832 | 17,981 | 23 | 23,000 | 36,000 | 31,000 | 27,000 | 20,000 | 46,000 |
| Amortisation | 26,644 | 21,942 | 9,981 | 2 | 3,000 | 2,000 | 3,000 | 8,000 | 13,000 | 13,000 | |||||
| Tax | -159 | -155,000 | -234,000 | -266,000 | -327,000 | -152,000 | -156,000 | ||||||||
| Stock | 386,790 | -146,732 | -291,798 | 470,688 | -83,281 | -31,504 | -293,930 | 353,156 | 92,738 | 14,000 | -174,000 | 167,000 | -30,000 | 46,000 | 550,000 |
| Debtors | -11,022,405 | 1,763,178 | -307,941 | 1,603,677 | 185,361 | 2,930,669 | 1,240,808 | 2,506,425 | 835,501 | 454,000 | -520,000 | 331,000 | -245,000 | -524,000 | 2,635,000 |
| Creditors | -106,089 | -844,006 | 408,467 | 173,316 | 308,556 | -130,515 | -59,560 | 59,684 | 155,550 | 93,000 | -95,000 | 87,000 | -57,000 | -290,000 | 518,000 |
| Accruals and Deferred Income | 7,960 | 549,033 | -589,653 | 230,993 | -118,742 | -296,813 | 465,832 | 63,383 | -40,540 | -179,000 | -144,000 | -20,000 | 174,000 | -1,000 | 415,000 |
| Deferred Taxes & Provisions | 30,390 | 14,116 | -3,642 | 17,003 | -1,946 | -2,108 | 1,587 | 8,335 | 6,093 | ||||||
| Cash flow from operations | -806,050 | 813,000 | 1,273,000 | 445,000 | 1,372,000 | 677,000 | -1,692,000 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -140,585 | 140,585 | -232,585 | -18,400 | 110,400 | 140,585 | 144,587 | -11,000 | 11,000 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 5 | -4,000 | -7,000 | -5,000 | -15,000 | -7,000 | -16,000 | ||||||||
| cash flow from financing | 1,209,657 | -4,000 | -18,000 | -5,000 | -15,000 | -7,000 | 1,774,000 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,082,468 | -313,851 | 783,181 | -166,824 | 1,087,916 | -1,433,072 | 1,756,187 | -519,058 | 384,022 | 299,000 | 473,000 | -87,000 | 455,000 | -1,000 | 2,000 |
| overdraft | -334,000 | -212,000 | 546,000 | ||||||||||||
| change in cash | 1,082,468 | -313,851 | 783,181 | -166,824 | 1,087,916 | -1,433,072 | 1,756,187 | -519,058 | 384,022 | 299,000 | 473,000 | -87,000 | 789,000 | 211,000 | -544,000 |
didsbury engineering co.limited Credit Report and Business Information
Didsbury Engineering Co.limited Competitor Analysis
Perform a competitor analysis for didsbury engineering co.limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SK9 area or any other competitors across 12 key performance metrics.
didsbury engineering co.limited Ownership
DIDSBURY ENGINEERING CO.LIMITED group structure
Didsbury Engineering Co.Limited has no subsidiary companies.
Ultimate parent company
CARL BENNET AB
#0058134
LIFCO AB
#0114917
2 parents
DIDSBURY ENGINEERING CO.LIMITED
00371191
didsbury engineering co.limited directors
Didsbury Engineering Co.Limited currently has 2 directors. The longest serving directors include Mr Martin Linder (Mar 2023) and Mr Tom Ghigi (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Linder | Sweden | 53 years | Mar 2023 | - | Director |
| Mr Tom Ghigi | England | 39 years | Mar 2023 | - | Director |
P&L
December 2023turnover
4.4m
-28%
operating profit
-9.4m
0%
gross margin
28.8%
-8.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5m
-0.65%
total assets
5.7m
-0.63%
cash
3.4m
+0.46%
net assets
Total assets minus all liabilities
didsbury engineering co.limited company details
company number
00371191
Type
Private limited with Share Capital
industry
28220 - Manufacture of lifting and handling equipment
incorporation date
December 1941
age
84
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
LEAVITT WALMSLEY ASSOCIATES LIMITED
auditor
-
address
unit 1b, lower meadow road, brooke park, wilmslow, SK9 3LP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
didsbury engineering co.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 10 charges/mortgages relating to didsbury engineering co.limited. Currently there are 0 open charges and 10 have been satisfied in the past.
didsbury engineering co.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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didsbury engineering co.limited Companies House Filings - See Documents
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