parker precision limited

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parker precision limited Company Information

Share PARKER PRECISION LIMITED

Company Number

00638576

Directors

Marc Corns

Shareholders

parker precision group limited

Group Structure

View All

Industry

Manufacture of air and spacecraft and related machinery

 

Registered Address

vulcan works, vulcan road, bilston, staffs, WV14 7HW

parker precision limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of PARKER PRECISION LIMITED at £3.6m based on a Turnover of £4.2m and 0.87x industry multiple (adjusted for size and gross margin).

parker precision limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of PARKER PRECISION LIMITED at £4.8m based on an EBITDA of £793.3k and a 6.01x industry multiple (adjusted for size and gross margin).

parker precision limited Estimated Valuation

£10.5m

Pomanda estimates the enterprise value of PARKER PRECISION LIMITED at £10.5m based on Net Assets of £3.6m and 2.87x industry multiple (adjusted for liquidity).

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Parker Precision Limited Overview

Parker Precision Limited is a live company located in bilston, WV14 7HW with a Companies House number of 00638576. It operates in the manufacture of air and spacecraft and related machinery sector, SIC Code 30300. Founded in October 1959, it's largest shareholder is parker precision group limited with a 100% stake. Parker Precision Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with healthy growth in recent years.

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Parker Precision Limited Health Check

Pomanda's financial health check has awarded Parker Precision Limited a 3.5 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 Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £4.2m, make it smaller than the average company (£7.8m)

£4.2m - Parker Precision Limited

£7.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (0.2%)

13% - Parker Precision Limited

0.2% - Industry AVG

production

Production

with a gross margin of 40.8%, this company has a comparable cost of product (40.8%)

40.8% - Parker Precision Limited

40.8% - Industry AVG

profitability

Profitability

an operating margin of 13.8% make it less profitable than the average company (23.7%)

13.8% - Parker Precision Limited

23.7% - Industry AVG

employees

Employees

with 39 employees, this is below the industry average (106)

39 - Parker Precision Limited

106 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.6k, the company has an equivalent pay structure (£53.6k)

£53.6k - Parker Precision Limited

£53.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £107k, this is less efficient (£194.4k)

£107k - Parker Precision Limited

£194.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 64 days, this is later than average (47 days)

64 days - Parker Precision Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is quicker than average (49 days)

24 days - Parker Precision Limited

49 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 134 days, this is in line with average (114 days)

134 days - Parker Precision Limited

114 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (5 weeks)

10 weeks - Parker Precision Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33%, this is a lower level of debt than the average (95.5%)

33% - Parker Precision Limited

95.5% - Industry AVG

PARKER PRECISION LIMITED financials

EXPORTms excel logo

Parker Precision Limited's latest turnover from December 2024 is estimated at £4.2 million and the company has net assets of £3.6 million. According to their latest financial statements, Parker Precision Limited has 39 employees and maintains cash reserves of £145.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover4,174,1534,129,2903,713,6052,912,3681,932,7493,272,3564,467,6653,111,4002,733,9962,542,9461,937,2462,381,0411,905,6532,176,5171,564,794
Other Income Or Grants
Cost Of Sales2,473,3842,550,6882,262,7111,946,6091,388,1442,330,5133,252,4762,319,0582,067,7791,885,8971,450,9721,772,8651,389,5391,556,3551,137,849
Gross Profit1,700,7691,578,6021,450,894965,759544,605941,8431,215,189792,342666,217657,049486,274608,175516,114620,163426,946
Admin Expenses1,125,0721,100,9331,334,1811,492,502845,943859,9241,096,640721,378847,751530,05360,596261,438-252,352194,866388,856-2,870,528
Operating Profit575,697477,669116,713-526,743-301,33881,919118,54970,964-181,534126,996425,678346,737768,466425,29738,0902,870,528
Interest Payable88,169112,262120,50968,53722,875
Interest Receivable7,7368,6508,6021,4211,0279,72110,5427,3953,9118,1278,4008,5357,6076,1015,1762,502
Pre-Tax Profit495,264374,0564,806-593,859-323,18691,640129,09178,359-177,623135,123434,077355,271776,074431,39743,2652,873,029
Tax-123,816-93,514-913-17,412-24,527-14,888-27,024-91,156-81,712-186,258-112,163-12,114-804,448
Profit After Tax371,448280,5423,893-593,859-323,18674,228104,56463,471-177,623108,098342,921273,559589,816319,23431,1512,068,581
Dividends Paid
Retained Profit371,448280,5423,893-593,859-323,18674,228104,56463,471-177,623108,098342,921273,559589,816319,23431,1512,068,581
Employee Costs2,090,6532,068,3871,894,9461,349,9571,165,1531,359,7631,351,9221,327,9791,116,7281,082,504515,563635,990525,083563,409390,164
Number Of Employees393938292631313126251215131511
EBITDA*793,345701,940350,510-294,288-98,968295,932291,716254,9362,902298,728559,394462,020884,203538,161141,6082,987,271

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,589,1223,126,5503,145,9823,300,0142,728,7151,967,3071,905,5181,698,1441,662,5661,798,1031,733,1211,443,3921,197,7081,174,8091,089,0861,188,355
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets3,589,1223,126,5503,145,9823,300,0142,728,7151,967,3071,905,5181,698,1441,662,5661,798,1031,733,1211,443,3921,197,7081,174,8091,089,0861,188,355
Stock & work in progress912,529798,325741,753586,688696,520600,112415,112337,875320,000210,581348,917392,675411,542363,250243,500253,700
Trade Debtors738,591826,453730,481580,481132,698478,124894,466562,409591,125631,450425,853426,064305,661282,788272,035217,856
Group Debtors1,341986
Misc Debtors51,72552,06629,18624,946257,17655,55640,17335,24529,116
Cash145,106164,343165,165326,385810,6501,242,6041,349,5991,461,6651,496,3901,632,4031,618,3051,741,5261,672,3911,370,6011,069,6341,000,662
misc current assets
total current assets1,849,2921,842,1731,666,5851,518,5001,897,0442,376,3962,731,4062,402,1222,442,7602,503,5502,393,0752,560,2652,389,5942,016,6391,585,1691,472,218
total assets5,438,4144,968,7234,812,5674,818,5144,625,7594,343,7034,636,9244,100,2664,105,3264,301,6534,126,1964,003,6573,587,3023,191,4482,674,2552,660,573
Bank overdraft
Bank loan182,792188,103181,935168,180
Trade Creditors 167,10487,94785,585148,87454,164111,942472,84192,318118,801106,766188,767439,903372,425506,859313,276231,567
Group/Directors Accounts20,00088,449
other short term finances177,017
hp & lease commitments81,57338,63516,47814,69313,218
other current liabilities307,503188,153356,75189,65229,78669,00860,939101,975115,859
total current liabilities738,972502,838660,749598,41697,168180,950566,344153,257220,776222,625188,767439,903372,425506,859313,276320,016
loans518,355713,825911,9091,097,986750,000
hp & lease commitments181,355114,9668,86925,17239,865
Accruals and Deferred Income
other liabilities
provisions357,215366,025240,513110,306158,233259,074222,122223,134239,989206,488175,734100,416159,944155,568166,297
total long term liabilities1,056,9251,194,8161,161,2911,233,464948,098259,074241,129222,122223,134239,989206,488175,734100,416159,944155,568166,297
total liabilities1,795,8971,697,6541,822,0401,831,8801,045,266440,024807,473375,379443,910462,614395,255615,637472,841666,803468,844486,313
net assets3,642,5173,271,0692,990,5272,986,6343,580,4933,903,6793,829,4513,724,8873,661,4163,839,0393,730,9413,388,0203,114,4612,524,6452,205,4112,174,260
total shareholders funds3,642,5173,271,0692,990,5272,986,6343,580,4933,903,6793,829,4513,724,8873,661,4163,839,0393,730,9413,388,0203,114,4612,524,6452,205,4112,174,260
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit575,697477,669116,713-526,743-301,33881,919118,54970,964-181,534126,996425,678346,737768,466425,29738,0902,870,528
Depreciation217,648224,271233,797232,455202,370214,013173,167183,972184,436171,732133,716115,283115,737112,864103,518116,743
Amortisation
Tax-123,816-93,514-913-17,412-24,527-14,888-27,024-91,156-81,712-186,258-112,163-12,114-804,448
Stock114,20456,572155,065-109,83296,408185,00077,23717,875109,419-138,336-43,758-18,86748,292119,750-10,200253,700
Debtors-87,848119,838154,240215,553-143,806-360,786291,884-23,788-34,196234,713-211120,40322,87310,75354,179217,856
Creditors79,1572,362-63,28994,710-57,778-360,899380,523-26,48312,035-82,001-251,13667,478-134,434193,58381,709231,567
Accruals and Deferred Income119,350-168,598267,09959,866-39,22269,008-60,939-41,036-13,884115,859
Deferred Taxes & Provisions-8,810125,512130,207-47,927-100,841259,074-222,122-1,012-16,85533,50130,75475,318-59,5284,376-10,729166,297
Cash flow from operations832,870391,292374,309-293,360-249,411421,489-4,470177,430-91,025242,686291,825421,568432,818493,454156,4952,109,131
Investing Activities
capital expenditure-680,220-204,839-79,765-803,754-963,778-275,802-380,541-219,550-48,899-236,714-423,445-360,967-138,636-198,587-4,249-1,305,098
Change in Investments
cash flow from investments-680,220-204,839-79,765-803,754-963,778-275,802-380,541-219,550-48,899-236,714-423,445-360,967-138,636-198,587-4,249-1,305,098
Financing Activities
Bank loans-5,3116,16813,755168,180
Group/Directors Accounts-20,00020,000-88,44988,449
Other Short Term Loans -177,017177,017
Long term loans-195,470-198,084-186,077347,986750,000
Hire Purchase and Lease Commitments109,327128,254-14,518-13,21853,083
other long term liabilities
share issue105,679
interest-80,433-103,612-111,907-67,116-21,8489,72110,5427,3953,9118,1278,4008,5357,6076,1015,1762,502
cash flow from financing-171,887-187,274-455,764612,849781,2359,72110,5427,3953,9118,1278,4008,5357,6076,101-83,273196,630
cash and cash equivalents
cash-19,237-822-161,220-484,265-431,954-106,995-112,066-34,725-136,01314,098-123,22169,135301,790300,96768,9721,000,662
overdraft
change in cash-19,237-822-161,220-484,265-431,954-106,995-112,066-34,725-136,01314,098-123,22169,135301,790300,96768,9721,000,662

parker precision limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Parker Precision Limited Competitor Analysis

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Perform a competitor analysis for parker precision limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WV14 area or any other competitors across 12 key performance metrics.

parker precision limited Ownership

PARKER PRECISION LIMITED group structure

Parker Precision Limited has no subsidiary companies.

Ultimate parent company

PARKER PRECISION LIMITED

00638576

PARKER PRECISION LIMITED Shareholders

parker precision group limited 100%

parker precision limited directors

Parker Precision Limited currently has 1 director, Mr Marc Corns serving since Dec 2010.

officercountryagestartendrole
Mr Marc Corns51 years Dec 2010- Director

P&L

December 2024

turnover

4.2m

+1%

operating profit

575.7k

0%

gross margin

40.8%

+6.58%

turnover

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

Balance Sheet

December 2024

net assets

3.6m

+0.11%

total assets

5.4m

+0.09%

cash

145.1k

-0.12%

net assets

Total assets minus all liabilities

parker precision limited company details

company number

00638576

Type

Private limited with Share Capital

industry

30300 - Manufacture of air and spacecraft and related machinery

incorporation date

October 1959

age

66

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2024

previous names

parker bros (precision engineers) limited (February 2000)

accountant

-

auditor

-

address

vulcan works, vulcan road, bilston, staffs, WV14 7HW

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

parker precision 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 12 charges/mortgages relating to parker precision limited. Currently there are 4 open charges and 8 have been satisfied in the past.

parker precision 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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parker precision limited Companies House Filings - See Documents

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