Balcan Engineering Limited

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balcan engineering limited Company Information

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Company Number

01037378

Website

www.balcan.co.uk

Registered Address

banovallum court, boston road industrial estate, horncastle, lincolnshire, LN9 6JR

Industry

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

Telephone

01507528500

Next Accounts Due

December 2024

Group Structure

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Directors

Elizabeth Rinfret32 Years

Julian Rinfret19 Years

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Shareholders

elizabeth margaret rinfret 26%

michael adrian rinfret 22%

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balcan engineering limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of BALCAN ENGINEERING LIMITED at £5.9m based on Net Assets of £3.1m and 1.93x industry multiple (adjusted for liquidity).

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Balcan Engineering Limited is a live company located in horncastle, LN9 6JR with a Companies House number of 01037378. It operates in the manufacture of other general-purpose machinery n.e.c. sector, SIC Code 28290. Founded in January 1972, it's largest shareholder is elizabeth margaret rinfret with a 26% stake. Balcan Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Balcan Engineering Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £3m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.8%)

EXPORT

Balcan Engineering Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £3.1 million. According to their latest financial statements, Balcan Engineering Limited has 28 employees and maintains cash reserves of £845.7 thousand 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	3,013,155	2,832,835	2,465,741	2,171,036	2,300,926	2,263,243	2,224,713	1,865,799	2,097,381	1,846,657	1,551,257	2,127,409	2,436,943	1,562,936
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,136,733	2,022,211	1,788,476	1,565,605	1,621,903	1,593,573	1,524,536	1,313,280	1,481,116	1,270,610	1,062,628	1,482,936	1,696,040	1,078,593
Gross Profit	876,422	810,624	677,265	605,431	679,023	669,670	700,177	552,519	616,265	576,048	488,629	644,473	740,903	484,343
Admin Expenses	650,049	624,688	634,064	321,403	719,878	36,336	362,092	355,968	279,099	349,151	351,415	450,405	631,123	-590,549
Operating Profit	226,373	185,936	43,201	284,028	-40,855	633,334	338,085	196,551	337,166	226,897	137,214	194,068	109,780	1,074,892
Interest Payable	4,940	11,233	12,225	10,409	12,224	5,429	467	0	0	0	0	0	0	0
Interest Receivable	40,913	6,829	759	639	6,039	5,538	2,439	3,531	2,270	1,258	1,124	1,197	1,182	704
Pre-Tax Profit	262,347	181,532	31,736	274,258	-47,041	633,443	340,056	200,083	339,435	228,155	138,338	195,265	110,963	1,075,596
Tax	-49,846	-34,491	-6,030	-52,109	0	-120,354	-68,011	-40,016	-71,281	-52,476	-33,201	-50,769	-31,069	-301,167
Profit After Tax	212,501	147,041	25,706	222,149	-47,041	513,089	272,045	160,066	268,154	175,679	105,137	144,496	79,893	774,429
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	212,501	147,041	25,706	222,149	-47,041	513,089	272,045	160,066	268,154	175,679	105,137	144,496	79,893	774,429
Employee Costs	1,251,444	1,221,948	1,203,463	1,100,000	1,073,517	1,050,111	1,023,890	568,277	565,894	474,226	413,583	568,109	639,569	436,457
Number Of Employees	28	28	28	26	26	26	26	15	15	13	12	15	18	12
EBITDA*	382,122	319,850	193,445	415,321	96,759	753,105	428,922	287,766	426,196	310,514	225,589	289,995	190,315	1,145,253

* 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	1,591,790	1,559,348	1,634,686	1,566,570	1,641,505	1,232,203	823,306	743,480	772,284	786,068	846,315	919,904	823,460	858,821
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	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	3,645	0	0	0	0	0	0
Total Fixed Assets	1,591,890	1,559,348	1,634,686	1,566,570	1,641,505	1,232,203	823,306	747,125	772,284	786,068	846,315	919,904	823,460	858,821
Stock & work in progress	592,070	493,795	386,855	385,290	410,065	618,999	289,879	258,203	181,158	184,502	181,303	291,905	141,849	126,796
Trade Debtors	745,137	531,904	597,250	451,042	462,802	426,415	513,179	507,680	482,971	407,096	325,466	310,759	545,312	278,238
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	42,415	11,554	13,756	13,414	12,863	10,118	17,025	14,452	0	0	0	0	0	0
Cash	845,675	1,079,654	741,308	776,812	500,813	1,109,486	1,105,625	845,535	567,000	340,845	162,206	287,568	191,287	281,555
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,225,297	2,116,907	1,739,169	1,626,558	1,386,543	2,165,018	1,925,708	1,625,870	1,231,129	932,443	668,975	890,232	878,448	686,589
total assets	3,817,187	3,676,255	3,373,855	3,193,128	3,028,048	3,397,221	2,749,014	2,372,995	2,003,413	1,718,511	1,515,290	1,810,136	1,701,908	1,545,410
Bank overdraft	0	0	269,647	131,163	210,113	152,085	14,953	0	0	0	0	0	0	0
Bank loan	33,205	63,178	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	372,986	445,121	173,703	109,477	186,182	181,912	202,300	92,396	440,242	413,661	342,676	665,648	638,356	489,668
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	150,833	87,892	57,542	0	0	0	15,717	0	0	0	0	0	0	0
other current liabilities	153,788	192,354	117,980	241,903	133,587	515,911	481,848	531,787	0	0	0	0	0	0
total current liabilities	710,812	788,545	618,872	482,543	529,882	849,908	714,818	624,183	440,242	413,661	342,676	665,648	638,356	489,668
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	15,283	25,116	68,559	143,544	209,130	281,213
provisions	52,931	46,767	61,081	42,389	52,119	54,225	54,197	40,858	0	0	0	0	0	0
total long term liabilities	52,931	46,767	61,081	42,389	52,119	54,225	54,197	40,858	15,283	25,116	68,559	143,544	209,130	281,213
total liabilities	763,743	835,312	679,953	524,932	582,001	904,133	769,015	665,041	455,525	438,777	411,235	809,192	847,486	770,881
net assets	3,053,444	2,840,943	2,693,902	2,668,196	2,446,047	2,493,088	1,979,999	1,707,954	1,547,888	1,279,734	1,104,055	1,000,944	854,422	774,529
total shareholders funds	3,053,444	2,840,943	2,693,902	2,668,196	2,446,047	2,493,088	1,979,999	1,707,954	1,547,888	1,279,734	1,104,055	1,000,944	854,422	774,529

	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	226,373	185,936	43,201	284,028	-40,855	633,334	338,085	196,551	337,166	226,897	137,214	194,068	109,780	1,074,892
Depreciation	155,749	133,914	150,244	131,293	137,614	119,771	90,837	91,215	89,030	83,617	88,375	95,927	80,535	70,361
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-49,846	-34,491	-6,030	-52,109	0	-120,354	-68,011	-40,016	-71,281	-52,476	-33,201	-50,769	-31,069	-301,167
Stock	98,275	106,940	1,565	-24,775	-208,934	329,120	31,676	77,045	-3,344	3,199	-110,602	150,056	15,053	126,796
Debtors	244,094	-67,548	146,550	-11,209	39,132	-93,671	4,427	42,806	75,875	81,630	14,707	-234,553	267,074	278,238
Creditors	-72,135	271,418	64,226	-76,705	4,270	-20,388	109,904	-347,846	26,581	70,985	-322,972	27,292	148,688	489,668
Accruals and Deferred Income	-38,566	74,374	-123,923	108,316	-382,324	34,063	-49,939	531,787	0	0	0	0	0	0
Deferred Taxes & Provisions	6,164	-14,314	18,692	-9,730	-2,106	28	13,339	40,858	0	0	0	0	0	0
Cash flow from operations	-114,630	577,445	-1,705	421,077	-113,599	411,005	398,112	352,698	308,965	244,194	-34,689	351,015	25,807	928,720
Investing Activities
capital expenditure	-188,191	-58,576	-218,360	-56,358	-546,916	-528,668	-170,663	-62,411	-75,246	-23,370	-14,786	-192,371	-45,174	-929,182
Change in Investments	100	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-188,291	-58,576	-218,360	-56,358	-546,916	-528,668	-170,663	-62,411	-75,246	-23,370	-14,786	-192,371	-45,174	-929,182
Financing Activities
Bank loans	-29,973	63,178	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	62,941	30,350	57,542	0	0	-15,717	15,717	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-15,283	-9,833	-43,443	-74,985	-65,586	-72,083	281,213
share issue	0	0	0	0	0	0	0	0	0	0	-2,026	2,026	0	100
interest	35,973	-4,404	-11,466	-9,770	-6,185	109	1,972	3,531	2,270	1,258	1,124	1,197	1,182	704
cash flow from financing	68,941	89,124	46,076	-9,770	-6,185	-15,608	17,689	-11,752	-7,563	-42,185	-75,887	-62,363	-70,901	282,017
cash and cash equivalents
cash	-233,979	338,346	-35,504	275,999	-608,673	3,861	260,090	278,535	226,155	178,639	-125,362	96,281	-90,268	281,555
overdraft	0	-269,647	138,484	-78,950	58,028	137,132	14,953	0	0	0	0	0	0	0
change in cash	-233,979	607,993	-173,988	354,949	-666,701	-133,271	245,137	278,535	226,155	178,639	-125,362	96,281	-90,268	281,555

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BALCAN ENGINEERING LIMITED group structure

Balcan Engineering Limited has no subsidiary companies.

Ultimate parent company

BALCAN ENGINEERING LIMITED

01037378

BALCAN ENGINEERING LIMITED Shareholders

elizabeth margaret rinfret	26%
michael adrian rinfret	22%
trustees of jr & ar & mr	20%
julian peter rinfret	16%
alistair john rinfret	8%
sharon rinfret	8%

Balcan Engineering Limited currently has 4 directors. The longest serving directors include Mrs Elizabeth Rinfret (Jan 1992) and Mr Julian Rinfret (Apr 2005).

officer	country	age	start	end	role
Mrs Elizabeth Rinfret	United Kingdom	83 years	Jan 1992	-	Director
Mr Julian Rinfret	United Kingdom	53 years	Apr 2005	-	Director
Mr Michael Rinfret	England	51 years	Apr 2005	-	Director
Mr Alistair Rinfret		57 years	Apr 2005	-	Director

P&L

March 2023

turnover

+6%

operating profit

226.4k

gross margin

29.1%

+1.65%

turnover

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

Balance Sheet

March 2023

net assets

3.1m

+0.07%

total assets

3.8m

+0.04%

cash

845.7k

-0.22%

net assets

Total assets minus all liabilities

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company number

01037378

Type

Private limited with Share Capital

industry

28290 - Manufacture of other general-purpose machinery n.e.c.

incorporation date

January 1972

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

banovallum court, boston road industrial estate, horncastle, lincolnshire, LN9 6JR

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.

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balcan engineering limited Company Information

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balcan engineering limited Estimated Valuation

balcan engineering limited Estimated Valuation

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