pollard precision engineering limited

3.5

pollard precision engineering limited Company Information

Share POLLARD PRECISION ENGINEERING LIMITED
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Company Number

00990949

Registered Address

alexandra way, ashchurch, tewkesbury, gloucestershire, GL20 8NB

Industry

Machining

 

Telephone

01684274847

Next Accounts Due

December 2024

Group Structure

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Directors

Mary Pollard31 Years

Richard Pollard31 Years

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Shareholders

sylvia vera pollard 22.5%

mary elizabeth pollard 22.5%

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pollard precision engineering limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of POLLARD PRECISION ENGINEERING LIMITED at £1.1m based on a Turnover of £2.6m and 0.42x industry multiple (adjusted for size and gross margin).

pollard precision engineering limited Estimated Valuation

£595k

Pomanda estimates the enterprise value of POLLARD PRECISION ENGINEERING LIMITED at £595k based on an EBITDA of £177.2k and a 3.36x industry multiple (adjusted for size and gross margin).

pollard precision engineering limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of POLLARD PRECISION ENGINEERING LIMITED at £7m based on Net Assets of £3.9m and 1.79x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Pollard Precision Engineering Limited Overview

Pollard Precision Engineering Limited is a live company located in tewkesbury, GL20 8NB with a Companies House number of 00990949. It operates in the machining sector, SIC Code 25620. Founded in October 1970, it's largest shareholder is sylvia vera pollard with a 22.5% stake. Pollard Precision Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pollard Precision Engineering Limited Health Check

Pomanda's financial health check has awarded Pollard Precision Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £2.6m, make it smaller than the average company (£9m)

£2.6m - Pollard Precision Engineering Limited

£9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (1%)

-12% - Pollard Precision Engineering Limited

1% - Industry AVG

production

Production

with a gross margin of 28%, this company has a comparable cost of product (28%)

28% - Pollard Precision Engineering Limited

28% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (6.5%)

0.9% - Pollard Precision Engineering Limited

6.5% - Industry AVG

employees

Employees

with 30 employees, this is below the industry average (68)

30 - Pollard Precision Engineering Limited

68 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.7k, the company has an equivalent pay structure (£41.7k)

£41.7k - Pollard Precision Engineering Limited

£41.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85.7k, this is less efficient (£125.7k)

£85.7k - Pollard Precision Engineering Limited

£125.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 93 days, this is later than average (67 days)

93 days - Pollard Precision Engineering Limited

67 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (52 days)

18 days - Pollard Precision Engineering Limited

52 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 49 days, this is less than average (73 days)

49 days - Pollard Precision Engineering Limited

73 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 243 weeks, this is more cash available to meet short term requirements (11 weeks)

243 weeks - Pollard Precision Engineering Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15.4%, this is a lower level of debt than the average (48%)

15.4% - Pollard Precision Engineering Limited

48% - Industry AVG

pollard precision engineering 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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Pollard Precision Engineering Limited Competitor Analysis

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pollard precision engineering limited Ownership

POLLARD PRECISION ENGINEERING LIMITED group structure

Pollard Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

POLLARD PRECISION ENGINEERING LIMITED

00990949

POLLARD PRECISION ENGINEERING LIMITED Shareholders

sylvia vera pollard 22.5%
mary elizabeth pollard 22.5%
mr alan john pollard (snr) 22.5%
mr richard john pollard 22.5%
a.j. pollard 2.5%
keith richard pollard 2.5%
dean alan pollard 1.67%
shaun keith pollard 1.67%
kelly samantha chamberlain 1.67%

pollard precision engineering limited directors

Pollard Precision Engineering Limited currently has 4 directors. The longest serving directors include Ms Mary Pollard (Jul 1992) and Mr Richard Pollard (Jul 1992).

officercountryagestartendrole
Ms Mary Pollard76 years Jul 1992- Director
Mr Richard Pollard85 years Jul 1992- Director
Ms Sylvia Pollard79 years Jul 1992- Director
Mr Alan Pollard79 years Jul 1992- Director

POLLARD PRECISION ENGINEERING LIMITED financials

EXPORTms excel logo

Pollard Precision Engineering Limited's latest turnover from March 2023 is estimated at £2.6 million and the company has net assets of £3.9 million. According to their latest financial statements, Pollard Precision Engineering Limited has 30 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,572,2582,017,0901,747,0663,761,5873,614,6172,641,9961,756,3181,838,4103,201,8523,483,9973,848,0874,657,2955,108,7204,110,618
Other Income Or Grants00000000000000
Cost Of Sales1,852,4581,439,3971,273,3122,673,6162,585,9231,841,9891,222,5451,288,0892,216,9502,385,7802,636,7163,209,3913,017,3182,444,915
Gross Profit719,800577,693473,7541,087,9711,028,694800,007533,773550,320984,9021,098,2161,211,3711,447,9042,091,4021,665,703
Admin Expenses697,608929,096826,47599,9061,076,5201,061,9211,277,544782,629540,600788,664222,894678,132951,857771,779
Operating Profit22,192-351,403-352,721988,065-47,826-261,914-743,771-232,309444,302309,552988,477769,7721,139,545893,924
Interest Payable4,7402,4517,5535,338000000060720,31820,603
Interest Receivable71,33015,2801,8891,2358,7909,0065,75714,01713,84911,85710,9119,3201,72418,679
Pre-Tax Profit88,783-338,574-358,385983,962-39,036-252,908-738,014-218,292458,151321,409999,388778,4851,122,713896,217
Tax-16,86900-186,9530000-96,212-73,924-239,853-202,406-223,951-239,551
Profit After Tax71,914-338,574-358,385797,009-39,036-252,908-738,014-218,292361,939247,485759,535576,079898,762656,666
Dividends Paid000000000000768,2520
Retained Profit71,914-338,574-358,385797,009-39,036-252,908-738,014-218,292361,939247,485759,535576,079130,510656,666
Employee Costs1,250,0801,126,9301,331,8911,420,7421,352,8421,264,8191,211,6971,191,2021,065,4941,199,0741,228,1861,439,3441,668,6481,209,144
Number Of Employees3028343737353434313536435137
EBITDA*177,173-181,681-165,7091,212,428155,439-62,447-512,263-23,080635,121519,2351,234,494977,5981,335,8111,092,875

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,166,3311,619,4291,292,5261,537,1521,593,8921,359,3861,542,2921,764,4681,385,6131,521,6671,648,7131,521,7981,749,4551,532,933
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets2,166,3311,619,4291,292,5261,537,1521,593,8921,359,3861,542,2921,764,4681,385,6131,521,6671,648,7131,521,7981,749,4551,532,933
Stock & work in progress249,673318,056295,767515,825367,52489,909127,280496,562376,289310,137260,242297,681160,898161,988
Trade Debtors657,599372,734231,7851,071,124957,265696,722316,536154,722549,487713,915758,374932,785741,438515,518
Group Debtors00000000000000
Misc Debtors110,94072,28395,90252,379253,72765,78358,265126,096000062,72232,889
Cash1,410,8091,945,8872,128,7191,648,797821,0151,522,9082,079,5662,525,8003,081,0402,458,4782,284,5062,079,8361,648,3161,429,896
misc current assets026,518000000000000
total current assets2,429,0212,735,4782,752,1733,288,1252,399,5312,375,3222,581,6473,303,1804,006,8163,482,5303,303,1223,310,3022,613,3742,140,291
total assets4,595,3524,354,9074,044,6994,825,2773,993,4233,734,7084,123,9395,067,6485,392,4295,004,1974,951,8354,832,1004,362,8293,673,224
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 96,180212,76259,814126,681439,674211,58494,736143,820875,032838,8271,028,1051,635,325304,793154,980
Group/Directors Accounts00000000000000
other short term finances31,563063,606102,4140000000018,6800
hp & lease commitments000014,631101,997192,694182,0460000142,913250,537
other current liabilities173,262249,937150,965384,635120,34093,098135,99989,27400001,192,525497,339
total current liabilities301,005462,699274,385613,730574,645406,679423,429415,140875,032838,8271,028,1051,635,3251,658,911902,856
loans60,91509,00772,6120000000000
hp & lease commitments0000164,0830101,141282,846000060,771203,635
Accruals and Deferred Income00000000000000
other liabilities010000000003,49500
provisions346,085148,304172,944192,187104,956139,254157,686189,980119,408129,320135,165164,250190,196244,292
total long term liabilities407,000148,305181,951264,799269,039139,254258,827472,826119,408129,320135,165167,745250,967447,927
total liabilities708,005611,004456,336878,529843,684545,933682,256887,966994,440968,1471,163,2701,803,0701,909,8781,350,783
net assets3,887,3473,743,9033,588,3633,946,7483,149,7393,188,7753,441,6834,179,6824,397,9894,036,0503,788,5653,029,0302,452,9512,322,441
total shareholders funds3,887,3473,743,9033,588,3633,946,7483,149,7393,188,7753,441,6834,179,6824,397,9894,036,0503,788,5653,029,0302,452,9512,322,441
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit22,192-351,403-352,721988,065-47,826-261,914-743,771-232,309444,302309,552988,477769,7721,139,545893,924
Depreciation154,981169,722187,012224,363203,265199,467231,508209,229190,819209,683246,017207,826196,266198,951
Amortisation00000000000000
Tax-16,86900-186,9530000-96,212-73,924-239,853-202,406-223,951-239,551
Stock-68,38322,289-220,058148,301277,615-37,371-369,282120,27366,15249,895-37,439136,783-1,090161,988
Debtors323,522117,330-795,816-87,489448,487387,70493,983-268,669-164,428-44,459-174,411128,625255,753548,407
Creditors-116,582152,948-66,867-312,993228,090116,848-49,084-731,21236,205-189,278-607,2201,330,532149,813154,980
Accruals and Deferred Income-76,67598,972-233,670264,29527,242-42,90146,72589,274000-1,192,525695,186497,339
Deferred Taxes & Provisions197,781-24,640-19,24387,231-34,298-18,432-32,29470,572-9,912-5,845-29,085-25,946-54,096244,292
Cash flow from operations-90,311-94,020530,3851,003,196-349,629-357,265-271,617-446,050663,478244,752570,186621,8451,648,1001,039,540
Investing Activities
capital expenditure-701,883-496,62557,614-167,623-437,771-16,561-9,332-588,084-54,765-82,637-372,93219,831-412,788-1,731,884
Change in Investments00000000000000
cash flow from investments-701,883-496,62557,614-167,623-437,771-16,561-9,332-588,084-54,765-82,637-372,93219,831-412,788-1,731,884
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 31,563-63,606-38,808102,4140000000-18,68018,6800
Long term loans60,915-9,007-63,60572,6120000000000
Hire Purchase and Lease Commitments000-178,71476,717-191,838-171,057464,892000-203,684-250,488454,172
other long term liabilities-1100000000-3,4953,49500
share issue71,530494,114000015-15000001,665,775
interest66,59012,829-5,664-4,1038,7909,0065,75714,01713,84911,85710,9118,713-18,594-1,924
cash flow from financing230,597434,331-108,077-7,79185,507-182,832-165,285478,89413,84911,8577,416-210,156-250,4022,118,023
cash and cash equivalents
cash-535,078-182,832479,922827,782-701,893-556,658-446,234-555,240622,562173,972204,670431,520218,4201,429,896
overdraft00000000000000
change in cash-535,078-182,832479,922827,782-701,893-556,658-446,234-555,240622,562173,972204,670431,520218,4201,429,896

P&L

March 2023

turnover

2.6m

+28%

operating profit

22.2k

0%

gross margin

28%

-2.29%

turnover

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

Balance Sheet

March 2023

net assets

3.9m

+0.04%

total assets

4.6m

+0.06%

cash

1.4m

-0.27%

net assets

Total assets minus all liabilities

pollard precision engineering limited company details

company number

00990949

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

October 1970

age

54

accounts

Total Exemption Full

ultimate parent company

None

previous names

g. & r. pollard engineering limited (August 2011)

incorporated

UK

address

alexandra way, ashchurch, tewkesbury, gloucestershire, GL20 8NB

last accounts submitted

March 2023

pollard precision engineering 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 5 charges/mortgages relating to pollard precision engineering limited. Currently there are 5 open charges and 0 have been satisfied in the past.

charges

pollard precision engineering limited Companies House Filings - See Documents

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