H.w. Engineering (wigan) Limited

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h.w. engineering (wigan) limited Company Information

Company Number

01009254

Next Accounts

Apr 2025

Directors

Stephen Hitchen

Shareholders

im services (nw) ltd

kathryn jane whittle

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Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Registered Address

frp advisory trading limimted, d, 12 winckley square, preston, PR1 3JJ

Website

www.hwengineering.co.uk

h.w. engineering (wigan) limited Estimated Valuation

£474.8k

Pomanda estimates the enterprise value of H.W. ENGINEERING (WIGAN) LIMITED at £474.8k based on a Turnover of £1.1m and 0.44x industry multiple (adjusted for size and gross margin).

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H.w. Engineering (wigan) Limited is a dissolved company that was located in preston, PR1 3JJ with a Companies House number of 01009254. It operated in the other engineering activities sector, SIC Code 71129. Founded in April 1971, it's largest shareholder was im services (nw) ltd with a 66.6% stake. The last turnover for H.w. Engineering (wigan) Limited was estimated at £1.1m.

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Pomanda's financial health check has awarded H.W. Engineering (Wigan) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (1.3%)

EXPORT

H.W. Engineering (Wigan) Limited's latest turnover from August 2021 is estimated at £1.1 million and the company has net assets of £95.1 thousand. According to their latest financial statements, we estimate that H.W. Engineering (Wigan) Limited has 11 employees and maintains cash reserves of £60.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,085,284	1,177,551	973,266	1,131,657	1,360,827	1,163,727	1,527,006	822,778	792,710	451,854	524,757	512,949
Other Income Or Grants
Cost Of Sales	711,828	791,057	632,872	734,446	893,581	731,026	952,439	523,170	515,537	289,632	317,219	305,317
Gross Profit	373,456	386,494	340,394	397,211	467,246	432,702	574,568	299,607	277,174	162,221	207,538	207,632
Admin Expenses	339,237	439,132	301,972	268,978	456,874	447,065	527,432	295,325	282,875	161,042	205,116	216,810	-10,106
Operating Profit	34,219	-52,638	38,422	128,233	10,372	-14,363	47,136	4,282	-5,701	1,179	2,422	-9,178	10,106
Interest Payable	19,264	15,139	10,836	7,464	3,009
Interest Receivable	42	20	227	416	146	78	44	12
Pre-Tax Profit	14,998	-67,757	27,814	121,184	7,509	-14,285	47,180	4,294	-5,701	1,179	2,422	-9,178	10,106
Tax	-2,850		-5,285	-23,025	-1,427		-9,436	-902		-283	-630		-2,830
Profit After Tax	12,148	-67,757	22,529	98,159	6,082	-14,285	37,744	3,392	-5,701	896	1,792	-9,178	7,276
Dividends Paid
Retained Profit	12,148	-67,757	22,529	98,159	6,082	-14,285	37,744	3,392	-5,701	896	1,792	-9,178	7,276
Employee Costs	522,709	600,480	425,595	572,152	589,638	505,731	560,629	324,273	314,188	210,587	249,415	235,713
Number Of Employees	11	13	9	12	13	11	12	7	7	5	6	6
EBITDA*	56,712	-17,852	67,339	151,911	37,090	-14,363	61,962	14,202	5,988	11,931	10,404	125	20,842

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	322,804	318,506	385,026	327,108	250,890	204,857	149,379	121,604	131,524	137,488	128,071	136,053	145,356
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	322,804	318,506	385,026	327,108	250,890	204,857	149,379	121,604	131,524	137,488	128,071	136,053	145,356
Stock & work in progress	104,626	101,936	115,481	96,594	109,965	82,115	26,353	30,032	66,256	5,496	3,123	3,808	1,367
Trade Debtors	197,638	200,868	180,097	175,028	193,215	99,832	194,197	67,164	42,205	23,801	53,328	38,248	18,037
Group Debtors
Misc Debtors	75,400	75,400	150	150	150	26,438
Cash	60,656	22,911	16,803	43,814	67,017	49,921	12,571	4,848
misc current assets
total current assets	438,320	401,115	312,531	315,586	370,347	258,306	233,121	102,044	108,461	29,297	56,451	42,056	19,404
total assets	761,124	719,621	697,557	642,694	621,237	463,163	382,500	223,648	239,985	166,785	184,522	178,109	164,760
Bank overdraft	224,553	179,500	196,183	124,869	96,301
Bank loan
Trade Creditors	125,415	120,368	124,771	177,031	240,070	258,013	344,279	223,171	242,900	163,999	182,632	178,011	155,484
Group/Directors Accounts
other short term finances
hp & lease commitments						3,525
other current liabilities	209,200	216,116	225,896	212,616	254,847	177,688
total current liabilities	559,168	515,984	546,850	514,516	591,218	439,226	344,279	223,171	242,900	163,999	182,632	178,011	155,484
loans	106,858	120,687
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	106,858	120,687
total liabilities	666,026	636,671	546,850	514,516	591,218	439,226	344,279	223,171	242,900	163,999	182,632	178,011	155,484
net assets	95,098	82,950	150,707	128,178	30,019	23,937	38,221	477	-2,915	2,786	1,890	98	9,276
total shareholders funds	95,098	82,950	150,707	128,178	30,019	23,937	38,221	477	-2,915	2,786	1,890	98	9,276

	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	34,219	-52,638	38,422	128,233	10,372	-14,363	47,136	4,282	-5,701	1,179	2,422	-9,178	10,106
Depreciation	22,493	34,786	28,917	23,678	26,718		14,826	9,920	11,689	10,752	7,982	9,303	10,736
Amortisation
Tax	-2,850		-5,285	-23,025	-1,427		-9,436	-902		-283	-630		-2,830
Stock	2,690	-13,545	18,887	-13,371	27,850	55,762	-3,679	-36,224	60,760	2,373	-685	2,441	1,367
Debtors	-3,230	96,021	5,069	-18,187	67,095	-67,927	127,033	24,959	18,404	-29,527	15,080	20,211	18,037
Creditors	5,047	-4,403	-52,260	-63,039	-17,943	-86,266	121,108	-19,729	78,901	-18,633	4,621	22,527	155,484
Accruals and Deferred Income	-6,916	-9,780	13,280	-42,231	77,159	177,688
Deferred Taxes & Provisions
Cash flow from operations	52,533	-114,511	-882	55,174	-66	89,224	50,280	4,836	5,725	20,169			154,092
Investing Activities
capital expenditure	-26,791	31,734	-86,835	-99,896	-72,751	-55,478	-42,601		-5,725	-20,169			-156,092
Change in Investments
cash flow from investments	-26,791	31,734	-86,835	-99,896	-72,751	-55,478	-42,601		-5,725	-20,169			-156,092
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-13,829	120,687
Hire Purchase and Lease Commitments					-3,525	3,525
other long term liabilities
share issue						1							2,000
interest	-19,222	-15,119	-10,609	-7,048	-2,863	78	44	12
cash flow from financing	-33,051	105,568	-10,609	-7,048	-6,388	3,604	44	12					2,000
cash and cash equivalents
cash	37,745	6,108	-27,011	-23,203	17,096	37,350	7,723	4,848
overdraft	45,053	-16,683	71,314	28,568	96,301
change in cash	-7,308	22,791	-98,325	-51,771	-79,205	37,350	7,723	4,848

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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H.W. ENGINEERING (WIGAN) LIMITED group structure

H.W. Engineering (Wigan) Limited has no subsidiary companies.

Ultimate parent company

IM SERVICES (NW) LTD

09191023

1 parent

H.W. ENGINEERING (WIGAN) LIMITED

01009254

H.W. ENGINEERING (WIGAN) LIMITED Shareholders

im services (nw) ltd	66.63%
kathryn jane whittle	33.31%
india hitchen	0.06%

H.W. Engineering (Wigan) Limited currently has 1 director, Mr Stephen Hitchen serving since Dec 1994.

officer	country	age	start	end	role
Mr Stephen Hitchen	United Kingdom	55 years	Dec 1994	-	Director

P&L

August 2021

turnover

1.1m

-8%

operating profit

34.2k

gross margin

34.5%

+4.84%

turnover

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

Balance Sheet

August 2021

net assets

95.1k

+0.15%

total assets

761.1k

+0.06%

cash

60.7k

+1.65%

net assets

Total assets minus all liabilities

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company number

01009254

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

April 1971

ultimate parent company

IM SERVICES (NW) LTD

previous names

N/A

address

frp advisory trading limimted, d, 12 winckley square, preston, PR1 3JJ

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 h.w. engineering (wigan) limited. Currently there are 2 open charges and 3 have been satisfied in the past.

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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h.w. engineering (wigan) limited Company Information

h.w. engineering (wigan) limited Estimated Valuation

h.w. engineering (wigan) limited Estimated Valuation

h.w. engineering (wigan) limited Estimated Valuation

H.w. Engineering (wigan) Limited Overview

H.w. Engineering (wigan) Limited Health Check

H.W. ENGINEERING (WIGAN) LIMITED financials

h.w. engineering (wigan) limited Credit Report and Business Information

H.w. Engineering (wigan) Limited Competitor Analysis

h.w. engineering (wigan) limited Ownership

h.w. engineering (wigan) limited directors

h.w. engineering (wigan) limited company details

h.w. engineering (wigan) limited Charges & Mortgages

h.w. engineering (wigan) limited Capital Raised & Share Issues BETA

h.w. engineering (wigan) limited Companies House Filings - See Documents