park cross (engineering) ltd
park cross (engineering) ltd Company Information
Company Number
00493581
Website
www.park-cross.co.ukRegistered Address
3 hardman street, spinningfields, manchester, M3 3AT
Industry
Manufacture of other fabricated metal products n.e.c.
Machining
Telephone
01617242940
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
cope engineering (radcliffe) ltd 100%
park cross (engineering) ltd Estimated Valuation
Pomanda estimates the enterprise value of PARK CROSS (ENGINEERING) LTD at £715.8k based on a Turnover of £1.5m and 0.48x industry multiple (adjusted for size and gross margin).
park cross (engineering) ltd Estimated Valuation
Pomanda estimates the enterprise value of PARK CROSS (ENGINEERING) LTD at £0 based on an EBITDA of £-46.5k and a 3.85x industry multiple (adjusted for size and gross margin).
park cross (engineering) ltd Estimated Valuation
Pomanda estimates the enterprise value of PARK CROSS (ENGINEERING) LTD at £0 based on Net Assets of £-266.6k and 1.85x industry multiple (adjusted for liquidity).
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Park Cross (engineering) Ltd Overview
Park Cross (engineering) Ltd is a dissolved company that was located in manchester, M3 3AT with a Companies House number of 00493581. It operated in the machining sector, SIC Code 25620. Founded in March 1951, it's largest shareholder was cope engineering (radcliffe) ltd with a 100% stake. The last turnover for Park Cross (engineering) Ltd was estimated at £1.5m.
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Park Cross (engineering) Ltd Health Check
Pomanda's financial health check has awarded Park Cross (Engineering) Ltd 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
2 Strong
2 Regular
8 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£6.6m)
- Park Cross (engineering) Ltd
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (0.4%)
- Park Cross (engineering) Ltd
0.4% - Industry AVG
Production
with a gross margin of 30.6%, this company has a comparable cost of product (30.6%)
- Park Cross (engineering) Ltd
30.6% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (5.1%)
- Park Cross (engineering) Ltd
5.1% - Industry AVG
Employees
with 17 employees, this is below the industry average (69)
17 - Park Cross (engineering) Ltd
69 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)
- Park Cross (engineering) Ltd
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £87.5k, this is less efficient (£107.3k)
- Park Cross (engineering) Ltd
£107.3k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (66 days)
- Park Cross (engineering) Ltd
66 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (49 days)
- Park Cross (engineering) Ltd
49 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (54 days)
- Park Cross (engineering) Ltd
54 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Park Cross (engineering) Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.8%, this is a higher level of debt than the average (49.6%)
125.8% - Park Cross (engineering) Ltd
49.6% - Industry AVG
PARK CROSS (ENGINEERING) LTD financials
Park Cross (Engineering) Ltd's latest turnover from May 2017 is estimated at £1.5 million and the company has net assets of -£266.6 thousand. According to their latest financial statements, Park Cross (Engineering) Ltd has 17 employees and maintains cash reserves of £586 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 17 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 31,485 | 40,836 | 44,665 | 48,576 | 52,522 | 61,728 | 63,112 | 70,022 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 600,788 | 600,788 | 600,788 | 600,788 | 600,788 | 0 | 0 | 0 |
| Total Fixed Assets | 632,273 | 641,624 | 645,453 | 649,364 | 653,310 | 61,728 | 63,112 | 70,022 |
| Stock & work in progress | 22,831 | 22,831 | 22,831 | 26,478 | 24,906 | 22,886 | 33,854 | 47,118 |
| Trade Debtors | 352,456 | 170,301 | 246,189 | 361,958 | 481,197 | 1,171,246 | 1,078,216 | 1,199,029 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 23,746 | 29,237 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 586 | 1,033 | 7,170 | 1,689 | 1,262 | 9,059 | 7,234 | 447 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 399,619 | 223,402 | 276,190 | 390,125 | 507,365 | 1,203,191 | 1,119,304 | 1,246,594 |
| total assets | 1,031,892 | 865,026 | 921,643 | 1,039,489 | 1,160,675 | 1,264,919 | 1,182,416 | 1,316,616 |
| Bank overdraft | 5,202 | 10,943 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 252,270 | 179,856 | 742,486 | 781,123 | 810,610 | 865,276 | 795,470 | 916,451 |
| Group/Directors Accounts | 276,692 | 205,325 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 529,338 | 430,172 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,063,502 | 826,296 | 742,486 | 781,123 | 810,610 | 865,276 | 795,470 | 916,451 |
| loans | 235,000 | 235,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 235,000 | 235,000 | 235,000 | 235,000 | 235,000 | 235,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 235,000 | 235,000 | 235,000 | 235,000 | 235,000 | 235,000 | 235,000 | 235,000 |
| total liabilities | 1,298,502 | 1,061,296 | 977,486 | 1,016,123 | 1,045,610 | 1,100,276 | 1,030,470 | 1,151,451 |
| net assets | -266,610 | -196,270 | -55,843 | 23,366 | 115,065 | 164,643 | 151,946 | 165,165 |
| total shareholders funds | -266,610 | -196,270 | -55,843 | 23,366 | 115,065 | 164,643 | 151,946 | 165,165 |
| May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 3,176 | 3,829 | 3,911 | 3,946 | 9,205 | 10,506 | 6,909 | 13,544 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | -3,647 | 1,572 | 2,020 | -10,968 | -13,264 | 47,118 |
| Debtors | 176,664 | -46,651 | -115,769 | -119,239 | -89,261 | 93,030 | -120,813 | 1,199,029 |
| Creditors | 72,414 | -562,630 | -38,637 | -29,487 | -54,666 | 69,806 | -120,981 | 916,451 |
| Accruals and Deferred Income | 99,166 | 430,172 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 71,367 | 205,325 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 235,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -235,000 | 0 | 0 | 0 | 0 | 0 | 235,000 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -447 | -6,137 | 5,481 | 427 | -7,797 | 1,825 | 6,787 | 447 |
| overdraft | -5,741 | 10,943 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,294 | -17,080 | 5,481 | 427 | -7,797 | 1,825 | 6,787 | 447 |
park cross (engineering) ltd Credit Report and Business Information
Park Cross (engineering) Ltd Competitor Analysis
Perform a competitor analysis for park cross (engineering) ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in M 3 area or any other competitors across 12 key performance metrics.
park cross (engineering) ltd Ownership
PARK CROSS (ENGINEERING) LTD group structure
Park Cross (Engineering) Ltd has no subsidiary companies.
Ultimate parent company
1 parent
PARK CROSS (ENGINEERING) LTD
00493581
park cross (engineering) ltd directors
Park Cross (Engineering) Ltd currently has 3 directors. The longest serving directors include Mr Peter Cope (Jul 2005) and Mr John Cope (Jul 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Cope | 71 years | Jul 2005 | - | Director | |
| Mr John Cope | 63 years | Jul 2005 | - | Director | |
| Mr Anthony Cope | 68 years | Jul 2005 | - | Director |
P&L
May 2017turnover
1.5m
+90%
operating profit
-49.6k
0%
gross margin
30.7%
+1.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2017net assets
-266.6k
+0.36%
total assets
1m
+0.19%
cash
586
-0.43%
net assets
Total assets minus all liabilities
park cross (engineering) ltd company details
company number
00493581
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
25620 - Machining
incorporation date
March 1951
age
73
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2017
previous names
e.s. honey limited (January 2000)
t.a. components limited (March 1997)
accountant
-
auditor
-
address
3 hardman street, spinningfields, manchester, M3 3AT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
park cross (engineering) ltd 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 12 charges/mortgages relating to park cross (engineering) ltd. Currently there are 3 open charges and 9 have been satisfied in the past.
park cross (engineering) ltd Companies House Filings - See Documents
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