pollard precision engineering limited Company Information
Company Number
00990949
Website
www.pollardengineering.co.ukRegistered Address
alexandra way, ashchurch, tewkesbury, gloucestershire, GL20 8NB
Industry
Machining
Telephone
01684274847
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
sylvia vera pollard 22.5%
mary elizabeth pollard 22.5%
View Allpollard precision engineering limited Estimated Valuation
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
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
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).
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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
3 Strong
2 Regular
7 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£9m)
- Pollard Precision Engineering Limited
£9m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (1%)
- Pollard Precision Engineering Limited
1% - Industry AVG
Production
with a gross margin of 28%, this company has a comparable cost of product (28%)
- Pollard Precision Engineering Limited
28% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (6.5%)
- Pollard Precision Engineering Limited
6.5% - Industry AVG
Employees
with 30 employees, this is below the industry average (68)
30 - Pollard Precision Engineering Limited
68 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has an equivalent pay structure (£41.7k)
- Pollard Precision Engineering Limited
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £85.7k, this is less efficient (£125.7k)
- Pollard Precision Engineering Limited
£125.7k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (67 days)
- Pollard Precision Engineering Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (52 days)
- Pollard Precision Engineering Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 49 days, this is less than average (73 days)
- Pollard Precision Engineering Limited
73 days - Industry AVG
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
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
Pollard Precision Engineering Limited Competitor Analysis
Perform a competitor analysis for pollard precision engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Mary Pollard | 76 years | Jul 1992 | - | Director | |
Mr Richard Pollard | 85 years | Jul 1992 | - | Director | |
Ms Sylvia Pollard | 79 years | Jul 1992 | - | Director | |
Mr Alan Pollard | 79 years | Jul 1992 | - | Director |
POLLARD PRECISION ENGINEERING LIMITED financials
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 5,108,720 | 4,110,618 | ||||||||||||
Other Income Or Grants | 0 | 0 | ||||||||||||
Cost Of Sales | 3,017,318 | 2,444,915 | ||||||||||||
Gross Profit | 2,091,402 | 1,665,703 | ||||||||||||
Admin Expenses | 951,857 | 771,779 | ||||||||||||
Operating Profit | 1,139,545 | 893,924 | ||||||||||||
Interest Payable | 20,318 | 20,603 | ||||||||||||
Interest Receivable | 1,724 | 18,679 | ||||||||||||
Pre-Tax Profit | 1,122,713 | 896,217 | ||||||||||||
Tax | -223,951 | -239,551 | ||||||||||||
Profit After Tax | 898,762 | 656,666 | ||||||||||||
Dividends Paid | 768,252 | 0 | ||||||||||||
Retained Profit | 130,510 | 656,666 | ||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 30 | 28 | 34 | 37 | 37 | 35 | 34 | 34 | ||||||
EBITDA* | 1,335,811 | 1,092,875 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 2,166,331 | 1,619,429 | 1,292,526 | 1,537,152 | 1,593,892 | 1,359,386 | 1,542,292 | 1,764,468 | 1,385,613 | 1,521,667 | 1,648,713 | 1,521,798 | 1,749,455 | 1,532,933 |
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 | 2,166,331 | 1,619,429 | 1,292,526 | 1,537,152 | 1,593,892 | 1,359,386 | 1,542,292 | 1,764,468 | 1,385,613 | 1,521,667 | 1,648,713 | 1,521,798 | 1,749,455 | 1,532,933 |
Stock & work in progress | 249,673 | 318,056 | 295,767 | 515,825 | 367,524 | 89,909 | 127,280 | 496,562 | 376,289 | 310,137 | 260,242 | 297,681 | 160,898 | 161,988 |
Trade Debtors | 657,599 | 372,734 | 231,785 | 1,071,124 | 957,265 | 696,722 | 316,536 | 154,722 | 549,487 | 713,915 | 758,374 | 932,785 | 741,438 | 515,518 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 110,940 | 72,283 | 95,902 | 52,379 | 253,727 | 65,783 | 58,265 | 126,096 | 0 | 0 | 0 | 0 | 62,722 | 32,889 |
Cash | 1,410,809 | 1,945,887 | 2,128,719 | 1,648,797 | 821,015 | 1,522,908 | 2,079,566 | 2,525,800 | 3,081,040 | 2,458,478 | 2,284,506 | 2,079,836 | 1,648,316 | 1,429,896 |
misc current assets | 0 | 26,518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,429,021 | 2,735,478 | 2,752,173 | 3,288,125 | 2,399,531 | 2,375,322 | 2,581,647 | 3,303,180 | 4,006,816 | 3,482,530 | 3,303,122 | 3,310,302 | 2,613,374 | 2,140,291 |
total assets | 4,595,352 | 4,354,907 | 4,044,699 | 4,825,277 | 3,993,423 | 3,734,708 | 4,123,939 | 5,067,648 | 5,392,429 | 5,004,197 | 4,951,835 | 4,832,100 | 4,362,829 | 3,673,224 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 96,180 | 212,762 | 59,814 | 126,681 | 439,674 | 211,584 | 94,736 | 143,820 | 875,032 | 838,827 | 1,028,105 | 1,635,325 | 304,793 | 154,980 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 31,563 | 0 | 63,606 | 102,414 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,680 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 14,631 | 101,997 | 192,694 | 182,046 | 0 | 0 | 0 | 0 | 142,913 | 250,537 |
other current liabilities | 173,262 | 249,937 | 150,965 | 384,635 | 120,340 | 93,098 | 135,999 | 89,274 | 0 | 0 | 0 | 0 | 1,192,525 | 497,339 |
total current liabilities | 301,005 | 462,699 | 274,385 | 613,730 | 574,645 | 406,679 | 423,429 | 415,140 | 875,032 | 838,827 | 1,028,105 | 1,635,325 | 1,658,911 | 902,856 |
loans | 60,915 | 0 | 9,007 | 72,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 164,083 | 0 | 101,141 | 282,846 | 0 | 0 | 0 | 0 | 60,771 | 203,635 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,495 | 0 | 0 |
provisions | 346,085 | 148,304 | 172,944 | 192,187 | 104,956 | 139,254 | 157,686 | 189,980 | 119,408 | 129,320 | 135,165 | 164,250 | 190,196 | 244,292 |
total long term liabilities | 407,000 | 148,305 | 181,951 | 264,799 | 269,039 | 139,254 | 258,827 | 472,826 | 119,408 | 129,320 | 135,165 | 167,745 | 250,967 | 447,927 |
total liabilities | 708,005 | 611,004 | 456,336 | 878,529 | 843,684 | 545,933 | 682,256 | 887,966 | 994,440 | 968,147 | 1,163,270 | 1,803,070 | 1,909,878 | 1,350,783 |
net assets | 3,887,347 | 3,743,903 | 3,588,363 | 3,946,748 | 3,149,739 | 3,188,775 | 3,441,683 | 4,179,682 | 4,397,989 | 4,036,050 | 3,788,565 | 3,029,030 | 2,452,951 | 2,322,441 |
total shareholders funds | 3,887,347 | 3,743,903 | 3,588,363 | 3,946,748 | 3,149,739 | 3,188,775 | 3,441,683 | 4,179,682 | 4,397,989 | 4,036,050 | 3,788,565 | 3,029,030 | 2,452,951 | 2,322,441 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 1,139,545 | 893,924 | ||||||||||||
Depreciation | 154,981 | 169,722 | 187,012 | 224,363 | 203,265 | 199,467 | 231,508 | 209,229 | 190,819 | 209,683 | 246,017 | 207,826 | 196,266 | 198,951 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -223,951 | -239,551 | ||||||||||||
Stock | -68,383 | 22,289 | -220,058 | 148,301 | 277,615 | -37,371 | -369,282 | 120,273 | 66,152 | 49,895 | -37,439 | 136,783 | -1,090 | 161,988 |
Debtors | 323,522 | 117,330 | -795,816 | -87,489 | 448,487 | 387,704 | 93,983 | -268,669 | -164,428 | -44,459 | -174,411 | 128,625 | 255,753 | 548,407 |
Creditors | -116,582 | 152,948 | -66,867 | -312,993 | 228,090 | 116,848 | -49,084 | -731,212 | 36,205 | -189,278 | -607,220 | 1,330,532 | 149,813 | 154,980 |
Accruals and Deferred Income | -76,675 | 98,972 | -233,670 | 264,295 | 27,242 | -42,901 | 46,725 | 89,274 | 0 | 0 | 0 | -1,192,525 | 695,186 | 497,339 |
Deferred Taxes & Provisions | 197,781 | -24,640 | -19,243 | 87,231 | -34,298 | -18,432 | -32,294 | 70,572 | -9,912 | -5,845 | -29,085 | -25,946 | -54,096 | 244,292 |
Cash flow from operations | 1,648,100 | 1,039,540 | ||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 31,563 | -63,606 | -38,808 | 102,414 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,680 | 18,680 | 0 |
Long term loans | 60,915 | -9,007 | -63,605 | 72,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | -178,714 | 76,717 | -191,838 | -171,057 | 464,892 | 0 | 0 | 0 | -203,684 | -250,488 | 454,172 |
other long term liabilities | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,495 | 3,495 | 0 | 0 |
share issue | ||||||||||||||
interest | -18,594 | -1,924 | ||||||||||||
cash flow from financing | -250,402 | 2,118,023 | ||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -535,078 | -182,832 | 479,922 | 827,782 | -701,893 | -556,658 | -446,234 | -555,240 | 622,562 | 173,972 | 204,670 | 431,520 | 218,420 | 1,429,896 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -535,078 | -182,832 | 479,922 | 827,782 | -701,893 | -556,658 | -446,234 | -555,240 | 622,562 | 173,972 | 204,670 | 431,520 | 218,420 | 1,429,896 |
P&L
March 2023turnover
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 2023net 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
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.
pollard precision engineering limited Companies House Filings - See Documents
date | description | view/download |
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