tickhill engineering company limited

tickhill engineering company limited Company Information

Share TICKHILL ENGINEERING COMPANY LIMITED
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Company Number

00809228

Industry

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

 

Shareholders

haith group limited

Group Structure

View All

Contact

Registered Address

cow house lane, armthorpe, doncaster, yorkshire, DN3 3EE

tickhill engineering company limited Estimated Valuation

£13.3m

Pomanda estimates the enterprise value of TICKHILL ENGINEERING COMPANY LIMITED at £13.3m based on a Turnover of £16.9m and 0.79x industry multiple (adjusted for size and gross margin).

tickhill engineering company limited Estimated Valuation

£14.3m

Pomanda estimates the enterprise value of TICKHILL ENGINEERING COMPANY LIMITED at £14.3m based on an EBITDA of £2.4m and a 5.91x industry multiple (adjusted for size and gross margin).

tickhill engineering company limited Estimated Valuation

£35.8m

Pomanda estimates the enterprise value of TICKHILL ENGINEERING COMPANY LIMITED at £35.8m based on Net Assets of £16.7m and 2.15x industry multiple (adjusted for liquidity).

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Tickhill Engineering Company Limited Overview

Tickhill Engineering Company Limited is a live company located in doncaster, DN3 3EE with a Companies House number of 00809228. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in June 1964, it's largest shareholder is haith group limited with a 100% stake. Tickhill Engineering Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.9m with low growth in recent years.

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Tickhill Engineering Company Limited Health Check

Pomanda's financial health check has awarded Tickhill Engineering Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £16.9m, make it larger than the average company (£12.4m)

£16.9m - Tickhill Engineering Company Limited

£12.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.3%)

3% - Tickhill Engineering Company Limited

5.3% - Industry AVG

production

Production

with a gross margin of 28.7%, this company has a comparable cost of product (30.7%)

28.7% - Tickhill Engineering Company Limited

30.7% - Industry AVG

profitability

Profitability

an operating margin of 12.7% make it more profitable than the average company (6.2%)

12.7% - Tickhill Engineering Company Limited

6.2% - Industry AVG

employees

Employees

with 109 employees, this is above the industry average (66)

109 - Tickhill Engineering Company Limited

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.7k, the company has an equivalent pay structure (£51.9k)

£44.7k - Tickhill Engineering Company Limited

£51.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £154.7k, this is less efficient (£185.7k)

£154.7k - Tickhill Engineering Company Limited

£185.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 74 days, this is later than average (59 days)

74 days - Tickhill Engineering Company Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is quicker than average (42 days)

31 days - Tickhill Engineering Company Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 69 days, this is in line with average (86 days)

69 days - Tickhill Engineering Company Limited

86 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 132 weeks, this is more cash available to meet short term requirements (13 weeks)

132 weeks - Tickhill Engineering Company Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 16.7%, this is a lower level of debt than the average (48.5%)

16.7% - Tickhill Engineering Company Limited

48.5% - Industry AVG

TICKHILL ENGINEERING COMPANY LIMITED financials

EXPORTms excel logo

Tickhill Engineering Company Limited's latest turnover from December 2023 is £16.9 million and the company has net assets of £16.7 million. According to their latest financial statements, Tickhill Engineering Company Limited has 109 employees and maintains cash reserves of £8.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover16,865,30617,822,43918,560,75415,334,72119,809,16719,845,86312,855,50212,265,9929,238,11810,997,2179,555,5659,806,14111,698,9109,836,4278,392,585
Other Income Or Grants000000000000000
Cost Of Sales12,020,61814,792,75515,551,83912,243,54916,190,90314,010,96310,124,0659,910,3778,135,8589,262,3997,678,5907,689,7069,008,3998,431,8127,279,339
Gross Profit4,844,6883,029,6843,008,9153,091,1723,618,2645,834,9002,731,4372,355,6151,102,2601,734,8181,876,9752,116,4352,690,5111,404,6151,113,246
Admin Expenses2,711,5742,408,5082,350,5572,936,6982,999,8002,864,9811,328,2781,191,441865,8191,132,1211,028,9711,080,724988,376865,112908,092
Operating Profit2,133,114621,176658,358154,474618,4642,969,9191,403,1591,164,174236,441602,697848,0041,035,7111,702,135539,503205,154
Interest Payable1,1911,6721,2475,546161,090013503094125345389
Interest Receivable163,95432,1163,3486,13823,40733,09114,35528,57114,35111,8166,0885,9324,4445,6795,328
Pre-Tax Profit2,437,114698,473670,870253,165703,3843,021,7921,429,2891,095,8916,450614,463853,7831,041,2311,706,045545,129210,393
Tax-471,865-84,804-12,07987,58190,255-394,453-52,221-156,765202,435116,502-198,022-103,603-212,979-139,64297,973
Profit After Tax1,965,249613,669658,791340,746793,6392,627,3391,377,068939,126208,885730,965655,761937,6281,493,066405,487308,366
Dividends Paid000000000000000
Retained Profit1,965,249613,669658,791340,746793,6392,627,3391,377,068939,126208,885730,965655,761937,6281,493,066405,487308,366
Employee Costs4,868,5424,607,5184,665,5433,301,0253,424,4963,469,2682,734,7932,797,9182,674,7902,224,9262,003,0092,001,3612,112,2281,938,7541,891,102
Number Of Employees109110108788479716258585857565355
EBITDA*2,427,289877,532953,500488,035997,6973,232,3321,727,0781,285,208390,181773,7221,007,8101,177,1451,811,241660,984343,685

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,343,8152,240,6762,412,7252,488,2462,746,2802,446,4002,204,2381,808,9451,791,1041,813,7522,062,3582,034,5331,790,8781,748,8221,663,882
Intangible Assets000000000000000
Investments & Other000290,000250,000250,000250,000250,000250,000250,00000000
Debtors (Due After 1 year)0171,473183,992183,992183,890149,071000000000
Total Fixed Assets2,343,8152,412,1492,596,7172,962,2383,180,1702,845,4712,454,2382,058,9452,041,1042,063,7522,062,3582,034,5331,790,8781,748,8221,663,882
Stock & work in progress2,292,5161,913,1811,721,0431,355,894549,537462,134533,279520,037456,632443,135459,668354,573405,096908,298560,031
Trade Debtors3,440,4661,803,9603,825,1972,030,9733,192,9402,587,1622,503,2981,973,6481,853,5032,360,2982,167,1552,719,5812,230,8002,324,5941,956,526
Group Debtors15,12000000000000000
Misc Debtors521,8953,554,6923,651,9192,287,5001,338,1772,756,0561,401,1691,199,0911,325,296447,415898,577489,049387,874310,375216,797
Cash8,154,0645,873,2223,017,6635,419,8502,001,7805,566,0173,425,4413,586,2554,200,3245,665,6595,024,1593,609,9193,307,4661,792,4421,368,853
misc current assets3,244,7743,114,8373,081,8775,184,1837,162,3202,532,2942,512,4222,500,6470000000
total current assets17,668,83516,259,89215,297,69916,278,40014,244,75413,903,66310,375,6099,779,6787,835,7558,916,5078,549,5597,173,1226,331,2365,335,7094,102,207
total assets20,012,65018,672,04117,894,41619,240,63817,424,92416,749,13412,829,84711,838,6239,876,85910,980,25910,611,9179,207,6558,122,1147,084,5315,766,089
Bank overdraft0000031,5390000016,6466,40700
Bank loan000000000000000
Trade Creditors 1,051,9631,383,6101,954,7131,729,7602,434,9612,213,6911,645,6512,094,4131,723,4023,100,2932,734,6052,694,3042,417,5623,091,8812,025,864
Group/Directors Accounts339,59100000045,06230,38946,389101,937130,210177,058132,272112,579
other short term finances000000000000000
hp & lease commitments6,7126,4266,145000000000000
other current liabilities1,791,8882,461,7461,690,3033,934,5361,731,6612,126,9721,453,7351,383,484711,200620,2541,304,092567,799881,777712,291905,737
total current liabilities3,190,1543,851,7823,651,1615,664,2964,166,6224,372,2023,099,3863,522,9592,464,9913,766,9364,140,6343,408,9593,482,8043,936,4443,044,180
loans000000000000000
hp & lease commitments16,21222,92429,332000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions144,573100,873131,130152,340175,04687,31568,18330,45465,78476,12426,6679,84118,84820,6910
total long term liabilities160,785123,797160,462152,340175,04687,31568,18330,45465,78476,12426,6679,84118,84820,6910
total liabilities3,350,9393,975,5793,811,6235,816,6364,341,6684,459,5173,167,5693,553,4132,530,7753,843,0604,167,3013,418,8003,501,6523,957,1353,044,180
net assets16,661,71114,696,46214,082,79313,424,00213,083,25612,289,6179,662,2788,285,2107,346,0847,137,1996,444,6165,788,8554,620,4623,127,3962,721,909
total shareholders funds16,661,71114,696,46214,082,79313,424,00213,083,25612,289,6179,662,2788,285,2107,346,0847,137,1996,444,6165,788,8554,620,4623,127,3962,721,909
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,133,114621,176658,358154,474618,4642,969,9191,403,1591,164,174236,441602,697848,0041,035,7111,702,135539,503205,154
Depreciation294,175256,356295,142333,561379,233262,413323,919121,034153,740171,025159,806141,434109,106121,481138,531
Amortisation000000000000000
Tax-471,865-84,804-12,07987,58190,255-394,453-52,221-156,765202,435116,502-198,022-103,603-212,979-139,64297,973
Stock379,335192,138365,149806,35787,403-71,14513,24263,40513,497-16,533105,095-50,523-503,202348,267560,031
Debtors-1,552,644-2,130,9833,158,643-212,542-777,2821,587,822731,728-6,060371,086-258,019-142,898589,956-16,295461,6462,173,323
Creditors-331,647-571,103224,953-705,201221,270568,040-448,762371,011-1,376,891365,68840,301276,742-674,3191,066,0172,025,864
Accruals and Deferred Income-669,858771,443-2,244,2332,202,875-395,311673,23770,251672,28490,946-683,838736,293-313,978169,486-193,446905,737
Deferred Taxes & Provisions43,700-30,257-21,210-22,70687,73119,13237,729-35,330-10,34049,45716,826-9,007-1,84320,6910
Cash flow from operations2,170,9282,901,656-4,622,8611,456,7691,691,5212,581,611589,1052,079,063-1,088,252896,0831,641,011487,8661,611,083604,691639,905
Investing Activities
capital expenditure00000-490,611-716,802-140,146-132,356-175,096-186,106-153,161-148,225-213,996-27,166
Change in Investments00-290,00040,00000000250,00000000
cash flow from investments00290,000-40,0000-490,611-716,802-140,146-132,356-425,096-186,106-153,161-148,225-213,996-27,166
Financing Activities
Bank loans000000000000000
Group/Directors Accounts339,59100000-45,06214,673-16,000-55,548-28,273-46,84844,78619,693112,579
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-6,426-6,12735,477000000000000
other long term liabilities000000000000000
share issue000000000-38,3820230,765002,413,543
interest162,76330,4442,10159223,39132,00114,35528,57014,34811,7665,7795,5203,9105,6265,239
cash flow from financing495,92824,31737,57859223,39132,001-30,70743,243-1,652-82,164-22,494189,43748,69625,3192,531,361
cash and cash equivalents
cash2,280,8422,855,559-2,402,1873,418,070-3,564,2372,140,576-160,814-614,069-1,465,335641,5001,414,240302,4531,515,024423,5891,368,853
overdraft0000-31,53931,5390000-16,64610,2396,40700
change in cash2,280,8422,855,559-2,402,1873,418,070-3,532,6982,109,037-160,814-614,069-1,465,335641,5001,430,886292,2141,508,617423,5891,368,853

tickhill engineering company limited Credit Report and Business Information

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Tickhill Engineering Company Limited Competitor Analysis

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Perform a competitor analysis for tickhill engineering company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DN3 area or any other competitors across 12 key performance metrics.

tickhill engineering company limited Ownership

TICKHILL ENGINEERING COMPANY LIMITED group structure

Tickhill Engineering Company Limited has 1 subsidiary company.

Ultimate parent company

1 parent

TICKHILL ENGINEERING COMPANY LIMITED

00809228

1 subsidiary

TICKHILL ENGINEERING COMPANY LIMITED Shareholders

haith group limited 100%

tickhill engineering company limited directors

Tickhill Engineering Company Limited currently has 2 directors. The longest serving directors include Mr David Haith (Jun 2018) and Mr Duane Hill (Sep 2021).

officercountryagestartendrole
Mr David HaithUnited Kingdom58 years Jun 2018- Director
Mr Duane HillUnited Kingdom38 years Sep 2021- Director

P&L

December 2023

turnover

16.9m

-5%

operating profit

2.1m

+243%

gross margin

28.8%

+68.98%

turnover

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

Balance Sheet

December 2023

net assets

16.7m

+0.13%

total assets

20m

+0.07%

cash

8.2m

+0.39%

net assets

Total assets minus all liabilities

tickhill engineering company limited company details

company number

00809228

Type

Private limited with Share Capital

industry

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

incorporation date

June 1964

age

60

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

WARRENS GBC LTD

address

cow house lane, armthorpe, doncaster, yorkshire, DN3 3EE

Bank

BARCLAYS BANK PLC

Legal Advisor

-

tickhill engineering company 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 tickhill engineering company limited. Currently there are 2 open charges and 0 have been satisfied in the past.

tickhill engineering company 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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tickhill engineering company limited Companies House Filings - See Documents

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