C.e.turner(engineers)limited

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c.e.turner(engineers)limited Company Information

Live

MatureMidHealthy

Company Number

00477536

Website

http://ceturner.co.uk

Registered Address

2 hudson road, saxby road industrial estate, melton mowbray, leicestershire, LE13 1BS

Industry

Machining

Manufacture of other special-purpose machinery n.e.c.

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Telephone

01664564643

Next Accounts Due

December 2024

Group Structure

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Directors

Arnold Lines1 Years

Michael Southworth0 Years

Shareholders

invictus engineering group ltd 100%

c.e.turner(engineers)limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of C.E.TURNER(ENGINEERS)LIMITED at £3.1m based on a Turnover of £7.5m and 0.41x industry multiple (adjusted for size and gross margin).

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C.e.turner(engineers)limited is a live company located in melton mowbray, LE13 1BS with a Companies House number of 00477536. It operates in the machining sector, SIC Code 25620. Founded in January 1950, it's largest shareholder is invictus engineering group ltd with a 100% stake. C.e.turner(engineers)limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded C.E.Turner(Engineers)Limited a 1.5 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

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £7.5m, make it smaller than the average company (£10.9m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (2.3%)

EXPORT

C.E.Turner(Engineers)Limited's latest turnover from March 2023 is £7.5 million and the company has net assets of -£1.1 million. According to their latest financial statements, C.E.Turner(Engineers)Limited has 65 employees and maintains cash reserves of £177 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	7,535,144	8,059,930	5,893,489	6,361,424	5,979,334	5,502,448	5,993,180	4,575,966	4,913,571	4,904,467	5,655,699	5,207,982	4,031,046	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,884,171	6,237,649	4,508,263	5,423,214	4,144,625	3,762,763	4,111,932	3,605,609	3,893,771	3,382,100	3,905,503	3,777,063	2,711,426	0
Gross Profit	650,973	1,822,281	1,385,226	938,210	1,834,709	1,739,684	1,881,248	970,357	1,019,800	1,522,367	1,750,196	1,430,919	1,319,620	0
Admin Expenses	5,293,462	1,895,365	1,480,555	597,731	1,170,698	1,767,551	1,741,392	937,094	900,250	1,231,833	1,403,969	824,725	1,289,782	-2,264,366
Operating Profit	-4,642,489	-73,084	-95,329	340,479	664,011	-27,867	139,856	33,263	119,550	290,534	346,227	606,194	29,838	2,264,366
Interest Payable	154,347	93,922	117,393	25,722	5,375	0	2,074	23,116	26,635	25,265	22,104	9,602	0	0
Interest Receivable	936	156,275	163,429	1,367	4,722	1,572	1,856	3,791	5,422	4,055	2,879	1,933	3,740	2,196
Pre-Tax Profit	-4,795,900	-10,731	-49,293	316,124	663,358	-26,295	139,638	13,938	98,337	269,324	327,002	598,525	33,578	2,266,563
Tax	242,217	-77,300	221,231	87,638	-126,038	0	-27,927	82,719	19,170	213,299	-77,345	-128,397	-9,402	-634,637
Profit After Tax	-4,553,683	-88,031	171,938	403,762	537,320	-26,295	111,710	96,657	117,507	482,623	249,657	470,128	24,176	1,631,925
Dividends Paid	0	0	0	111,816	0	0	0	131,193	135,619	184,383	182,475	139,600	0	0
Retained Profit	-4,553,683	-88,031	171,938	291,946	537,320	-26,295	111,710	-34,536	-18,112	298,240	67,182	330,528	24,176	1,631,925
Employee Costs	4,345,996	3,064,240	2,704,259	2,654,455	2,772,956	2,814,591	2,765,710	2,256,622	2,250,529	2,054,623	2,041,227	1,831,304	1,168,562	0
Number Of Employees	65	82	83	82	73	76	76	80	79	70	74	68	36	0
EBITDA*	-4,371,488	78,481	65,114	541,139	856,455	196,475	363,729	231,184	332,269	394,384	541,587	758,029	167,960	2,432,128

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	1,264,775	510,136	500,539	597,856	1,675,958	1,607,848	1,738,066	1,483,058	1,654,156	1,401,378	1,350,123	1,201,500	402,840	540,420
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	1,264,775	510,136	500,539	597,856	1,675,958	1,607,848	1,738,066	1,483,058	1,654,156	1,401,378	1,350,123	1,201,500	402,840	540,420
Stock & work in progress	317,624	123,068	739,913	600,769	887,624	838,926	737,209	598,334	488,138	484,349	486,214	524,659	547,731	229,594
Trade Debtors	1,377,113	2,256,631	929,540	1,099,979	1,062,548	678,588	798,774	784,182	1,018,780	861,771	1,020,206	1,120,821	892,003	527,226
Group Debtors	0	3,085,370	3,332,931	3,056,235	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41,463	154,898	303,740	467,938	113,133	0	0	119,955	118,331	299,911	51,492	49,141	0	0
Cash	177,038	245,454	537,382	845,934	707,779	551,327	706,652	777,925	975,107	914,775	1,001,180	660,671	617,462	878,417
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,913,238	5,865,421	5,843,506	6,070,855	2,771,084	2,068,841	2,242,635	2,280,396	2,600,356	2,560,806	2,559,092	2,355,292	2,057,196	1,635,237
total assets	3,178,013	6,375,557	6,344,045	6,668,711	4,447,042	3,676,689	3,980,701	3,763,454	4,254,512	3,962,184	3,909,215	3,556,792	2,460,036	2,175,657
Bank overdraft	0	0	0	0	73,382	0	0	0	0	0	0	0	0	0
Bank loan	108,771	313,505	136,364	0	0	0	0	66,371	64,228	61,118	58,878	38,669	0	0
Trade Creditors	622,554	598,065	600,699	747,916	611,280	963,775	1,078,271	439,562	466,923	304,739	522,645	609,626	732,949	472,670
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	625,765	0	0	0	39,489	0	0	0	0	0	0	0	0	0
hp & lease commitments	355,462	175,835	210,090	96,050	33,150	0	0	70,990	86,470	61,026	81,964	37,500	0	0
other current liabilities	373,274	1,005,125	960,572	1,663,099	462,871	0	0	395,454	473,854	421,048	413,235	309,442	0	0
total current liabilities	2,085,826	2,092,530	1,907,725	2,507,065	1,220,172	963,775	1,078,271	972,377	1,091,475	847,931	1,076,722	995,237	732,949	472,670
loans	1,210,838	181,818	363,636	0	46,391	0	0	0	326,266	385,793	446,909	416,331	0	0
hp & lease commitments	963,313	580,990	512,934	723,024	85,391	0	0	0	207,066	96,544	155,164	93,750	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	171,904	385,936	395,993	0	0	0	0	0	0
provisions	0	48,500	0	50,810	69,580	53,457	78,874	70,533	68,185	51,679	127,285	15,521	21,662	21,738
total long term liabilities	2,174,151	811,308	876,570	773,834	201,362	225,361	464,810	466,526	601,517	534,016	729,358	525,602	21,662	21,738
total liabilities	4,259,977	2,903,838	2,784,295	3,280,899	1,421,534	1,189,136	1,543,081	1,438,903	1,692,992	1,381,947	1,806,080	1,520,839	754,611	494,408
net assets	-1,081,964	3,471,719	3,559,750	3,387,812	3,025,508	2,487,553	2,437,620	2,324,551	2,561,520	2,580,237	2,103,135	2,035,953	1,705,425	1,681,249
total shareholders funds	-1,081,964	3,471,719	3,559,750	3,387,812	3,025,508	2,487,553	2,437,620	2,324,551	2,561,520	2,580,237	2,103,135	2,035,953	1,705,425	1,681,249

	Mar 2023	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-4,642,489	-73,084	-95,329	340,479	664,011	-27,867	139,856	33,263	119,550	290,534	346,227	606,194	29,838	2,264,366
Depreciation	271,001	151,565	160,443	200,660	192,444	224,342	223,873	197,921	212,719	103,850	195,360	151,835	138,122	167,762
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	242,217	-77,300	221,231	87,638	-126,038	0	-27,927	82,719	19,170	213,299	-77,345	-128,397	-9,402	-634,637
Stock	317,624	-616,845	139,144	-286,855	48,698	101,717	138,875	110,196	3,789	-1,865	-38,445	-23,072	318,137	229,594
Debtors	1,418,576	930,688	-57,941	3,448,471	497,093	-120,186	-105,363	-232,974	-24,571	89,984	-98,264	277,959	364,777	527,226
Creditors	622,554	-2,634	-147,217	136,636	-352,495	-114,496	638,709	-27,361	162,184	-217,906	-86,981	-123,323	260,279	472,670
Accruals and Deferred Income	373,274	44,553	-702,527	1,200,228	462,871	0	-395,454	-78,400	52,806	7,813	103,793	309,442	0	0
Deferred Taxes & Provisions	0	48,500	-50,810	-18,770	16,123	-25,417	8,341	2,348	16,506	-75,606	111,764	-6,141	-76	21,738
Cash flow from operations	-4,869,643	-222,243	-695,412	-1,214,745	311,125	75,031	553,886	333,268	603,717	233,865	729,527	554,723	-264,153	1,535,079
Investing Activities
capital expenditure	0	0	0	877,442	-260,554	-94,124	-478,881	-3,063	-433,187	-29,553	-356,874	-951,554	-542	-708,182
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	877,442	-260,554	-94,124	-478,881	-3,063	-433,187	-29,553	-356,874	-951,554	-542	-708,182
Financing Activities
Bank loans	108,771	177,141	136,364	0	0	0	-66,371	2,143	3,110	2,240	20,209	38,669	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	625,765	0	0	-39,489	39,489	0	0	0	0	0	0	0	0	0
Long term loans	1,210,838	-181,818	363,636	-46,391	46,391	0	0	-326,266	-59,527	-61,116	30,578	416,331	0	0
Hire Purchase and Lease Commitments	1,318,775	33,801	-96,050	700,533	118,541	0	-70,990	-222,546	135,966	-79,558	105,878	131,250	0	0
other long term liabilities	0	0	0	0	-171,904	-214,032	-10,057	395,993	0	0	0	0	0	0
share issue	3,471,719	0	0	70,358	635	76,228	1,359	-202,433	-605	178,862	0	0	0	49,324
interest	-153,411	62,353	46,036	-24,355	-653	1,572	-218	-19,325	-21,213	-21,210	-19,225	-7,669	3,740	2,196
cash flow from financing	6,582,457	91,477	449,986	660,656	32,499	-136,232	-146,277	-372,434	57,731	19,218	137,440	578,581	3,740	51,520
cash and cash equivalents
cash	177,038	-291,928	-308,552	138,155	156,452	-155,325	-71,273	-197,182	60,332	-86,405	340,509	43,209	-260,955	878,417
overdraft	0	0	0	-73,382	73,382	0	0	0	0	0	0	0	0	0
change in cash	177,038	-291,928	-308,552	211,537	83,070	-155,325	-71,273	-197,182	60,332	-86,405	340,509	43,209	-260,955	878,417

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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C.E.TURNER(ENGINEERS)LIMITED group structure

C.E.Turner(Engineers)Limited has no subsidiary companies.

Ultimate parent company

C.E.TURNER(ENGINEERS)LIMITED

00477536

C.E.TURNER(ENGINEERS)LIMITED Shareholders

invictus engineering group ltd

100%

C.E.Turner(Engineers)Limited currently has 2 directors. The longest serving directors include Mr Arnold Lines (May 2023) and Mr Michael Southworth (Jun 2023).

officer	country	age	start	end	role
Mr Arnold Lines	England	59 years	May 2023	-	Director
Mr Michael Southworth	United Kingdom	69 years	Jun 2023	-	Director

P&L

March 2023

turnover

7.5m

operating profit

-4.6m

gross margin

8.7%

turnover

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

Balance Sheet

March 2023

net assets

-1.1m

total assets

3.2m

cash

177k

net assets

Total assets minus all liabilities

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company number

00477536

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

25620 - Machining

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

January 1950

age

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

2 hudson road, saxby road industrial estate, melton mowbray, leicestershire, LE13 1BS

last accounts submitted

March 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 8 charges/mortgages relating to c.e.turner(engineers)limited. Currently there are 1 open charges and 7 have been satisfied in the past.

c.e.turner(engineers)limited Company Information

c.e.turner(engineers)limited Estimated Valuation

c.e.turner(engineers)limited Estimated Valuation

c.e.turner(engineers)limited Estimated Valuation

C.e.turner(engineers)limited Overview

C.e.turner(engineers)limited Health Check

C.E.TURNER(ENGINEERS)LIMITED financials

c.e.turner(engineers)limited Credit Report and Business Information

C.e.turner(engineers)limited Competitor Analysis

c.e.turner(engineers)limited Ownership

c.e.turner(engineers)limited directors

c.e.turner(engineers)limited company details

c.e.turner(engineers)limited Charges & Mortgages

c.e.turner(engineers)limited Companies House Filings - See Documents