vrs precision engineering limited

Live MatureSmallHealthy

vrs precision engineering limited Company Information

Share VRS PRECISION ENGINEERING LIMITED

Company Number

01100297

Shareholders

vrs (holdings) ltd

Group Structure

View All

Industry

Manufacture of metal structures and parts of structures

 +1

Registered Address

c/o vrs (holdings) limited, broadcut, wallington, fareham, hants, PO16 8ST

vrs precision engineering limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of VRS PRECISION ENGINEERING LIMITED at £1m based on a Turnover of £2m and 0.51x industry multiple (adjusted for size and gross margin).

vrs precision engineering limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of VRS PRECISION ENGINEERING LIMITED at £1.1m based on an EBITDA of £284.7k and a 3.94x industry multiple (adjusted for size and gross margin).

vrs precision engineering limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of VRS PRECISION ENGINEERING LIMITED at £2.2m based on Net Assets of £1m and 2.11x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Vrs Precision Engineering Limited Overview

Vrs Precision Engineering Limited is a live company located in wallington, PO16 8ST with a Companies House number of 01100297. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in March 1973, it's largest shareholder is vrs (holdings) ltd with a 100% stake. Vrs Precision Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Vrs Precision Engineering Limited Health Check

Pomanda's financial health check has awarded Vrs Precision Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £2m, make it smaller than the average company (£12.5m)

£2m - Vrs Precision Engineering Limited

£12.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.2%)

8% - Vrs Precision Engineering Limited

8.2% - Industry AVG

production

Production

with a gross margin of 29.6%, this company has a comparable cost of product (29.6%)

29.6% - Vrs Precision Engineering Limited

29.6% - Industry AVG

profitability

Profitability

an operating margin of 8.2% make it more profitable than the average company (5.9%)

8.2% - Vrs Precision Engineering Limited

5.9% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (69)

19 - Vrs Precision Engineering Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.3k, the company has an equivalent pay structure (£44.3k)

£44.3k - Vrs Precision Engineering Limited

£44.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £104.8k, this is less efficient (£181.5k)

£104.8k - Vrs Precision Engineering Limited

£181.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 85 days, this is later than average (68 days)

85 days - Vrs Precision Engineering Limited

68 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is quicker than average (40 days)

16 days - Vrs Precision Engineering Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 104 days, this is more than average (85 days)

104 days - Vrs Precision Engineering Limited

85 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (14 weeks)

44 weeks - Vrs Precision Engineering Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.5%, this is a higher level of debt than the average (43.8%)

52.5% - Vrs Precision Engineering Limited

43.8% - Industry AVG

VRS PRECISION ENGINEERING LIMITED financials

EXPORTms excel logo

Vrs Precision Engineering Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of £1 million. According to their latest financial statements, Vrs Precision Engineering Limited has 19 employees and maintains cash reserves of £898.5 thousand 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
Turnover1,991,1671,889,0981,674,6041,584,8482,344,4101,877,1561,775,6001,681,3741,441,0113,236,3682,132,5831,545,5171,650,9711,280,3550
Other Income Or Grants000000000000000
Cost Of Sales1,400,8881,321,3191,175,9491,104,1421,610,3811,290,9841,217,9371,169,0071,006,3722,272,2381,497,5651,080,8421,173,397883,5790
Gross Profit590,279567,779498,655480,706734,029586,173557,663512,367434,639964,130635,018464,675477,574396,7760
Admin Expenses428,042370,383508,529634,578597,917542,259664,273639,949512,029904,601619,052283,125380,215360,350-979,095
Operating Profit162,237197,396-9,874-153,872136,11243,914-106,610-127,582-77,39059,52915,966181,55097,35936,426979,095
Interest Payable000000000000000
Interest Receivable43,91825,7842,0448415,7215,1683,2071,4312,3852,1422,0672,2131,7641,282572
Pre-Tax Profit206,155223,180-7,830-153,031141,83349,081-103,403-126,151-75,00561,67118,032183,76399,12337,708979,667
Tax-51,539-42,40400-26,948-9,325000-12,951-4,147-44,103-25,772-10,558-274,307
Profit After Tax154,616180,776-7,830-153,031114,88539,756-103,403-126,151-75,00548,72013,885139,66073,35127,150705,360
Dividends Paid000000000000000
Retained Profit154,616180,776-7,830-153,031114,88539,756-103,403-126,151-75,00548,72013,885139,66073,35127,150705,360
Employee Costs841,483802,947789,779802,477854,610759,708766,485784,527421,178977,212655,955454,367499,380409,2860
Number Of Employees19192021222021221228201416140
EBITDA*284,710319,106107,103-47,569241,149130,891-11,802-5,88384,155187,505128,620279,254216,543108,7981,075,049

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets362,665360,008424,560390,563422,967302,022293,123375,527493,867647,223342,549298,453363,811224,417296,384
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets362,665360,008424,560390,563422,967302,022293,123375,527493,867647,223342,549298,453363,811224,417296,384
Stock & work in progress402,878372,021353,689301,527372,963347,055391,841355,374395,543341,757347,079225,897208,785207,927198,537
Trade Debtors465,911506,559384,079346,192590,101484,862469,597402,637386,347487,049376,904283,843266,542268,777158,940
Group Debtors3,077935935935935660000000000
Misc Debtors39,40614,46822,39238,96541,01331,72039,26342,5533,400000000
Cash898,478774,577698,801936,197745,707779,897598,154684,477460,109493,933362,915463,805421,475284,137228,748
misc current assets000000000000000
total current assets1,809,7501,668,5601,459,8961,623,8161,750,7191,644,1941,498,8551,485,0411,245,3991,322,7391,086,898973,545896,802760,841586,225
total assets2,172,4152,028,5681,884,4562,014,3792,173,6861,946,2161,791,9781,860,5681,739,2661,969,9621,429,4471,271,9981,260,613985,258882,609
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 64,66642,94755,98229,527126,00279,43368,23677,58563,473860,226433,617301,845420,754237,411154,772
Group/Directors Accounts875,473967,9141,061,0691,120,6431,051,787987,415878,834787,170555,873000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities114,881102,35069,95899,03580,68191,28899,522135,025114,008000000
total current liabilities1,055,0201,113,2111,187,0091,249,2051,258,4701,158,1361,046,592999,780733,354860,226433,617301,845420,754237,411154,772
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions84,55637,134059,89756,90844,65741,71953,71872,691101,51036,32424,53233,89815,23722,377
total long term liabilities84,55637,134059,89756,90844,65741,71953,71872,691101,51036,32424,53233,89815,23722,377
total liabilities1,139,5761,150,3451,187,0091,309,1021,315,3781,202,7931,088,3111,053,498806,045961,736469,941326,377454,652252,648177,149
net assets1,032,839878,223697,447705,277858,308743,423703,667807,070933,2211,008,226959,506945,621805,961732,610705,460
total shareholders funds1,032,839878,223697,447705,277858,308743,423703,667807,070933,2211,008,226959,506945,621805,961732,610705,460
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit162,237197,396-9,874-153,872136,11243,914-106,610-127,582-77,39059,52915,966181,55097,35936,426979,095
Depreciation122,473121,710116,977106,303105,03786,97794,808121,699161,545127,976112,65497,704119,18472,37295,954
Amortisation000000000000000
Tax-51,539-42,40400-26,948-9,325000-12,951-4,147-44,103-25,772-10,558-274,307
Stock30,85718,33252,162-71,43625,908-44,78636,467-40,16953,786-5,322121,18217,1128589,390198,537
Debtors-13,568114,55621,314-245,957114,8078,38263,67055,443-97,302110,14593,06117,301-2,235109,837158,940
Creditors21,719-13,03526,455-96,47546,56911,197-9,34914,112-796,753426,609131,772-118,909183,34382,639154,772
Accruals and Deferred Income12,53132,392-29,07718,354-10,607-8,234-35,50321,017114,008000000
Deferred Taxes & Provisions47,42237,134-59,8972,98912,2512,938-11,999-18,973-28,81965,18611,792-9,36618,661-7,14022,377
Cash flow from operations297,554200,305-28,892194,692121,699163,871-168,790-5,001-583,893561,52653,79472,463394,15254,512620,414
Investing Activities
capital expenditure-125,130-57,158-150,974-73,899-225,982-95,876-12,404-3,359-8,189-432,650-156,750-32,346-258,578-405-392,338
Change in Investments000000000000000
cash flow from investments-125,130-57,158-150,974-73,899-225,982-95,876-12,404-3,359-8,189-432,650-156,750-32,346-258,578-405-392,338
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-92,441-93,155-59,57468,85664,372108,58191,664231,297555,873000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000000000100
interest43,91825,7842,0448415,7215,1683,2071,4312,3852,1422,0672,2131,7641,282572
cash flow from financing-48,523-67,371-57,53069,69770,093113,74994,871232,728558,2582,1422,0672,2131,7641,282672
cash and cash equivalents
cash123,90175,776-237,396190,490-34,190181,743-86,323224,368-33,824131,018-100,89042,330137,33855,389228,748
overdraft000000000000000
change in cash123,90175,776-237,396190,490-34,190181,743-86,323224,368-33,824131,018-100,89042,330137,33855,389228,748

vrs 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
Get a comprehensive credit check for vrs precision engineering limited. Get real-time insights into vrs precision engineering limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Vrs Precision Engineering Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for vrs precision engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in PO16 area or any other competitors across 12 key performance metrics.

vrs precision engineering limited Ownership

VRS PRECISION ENGINEERING LIMITED group structure

Vrs Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

1 parent

VRS PRECISION ENGINEERING LIMITED

01100297

VRS PRECISION ENGINEERING LIMITED Shareholders

vrs (holdings) ltd 100%

vrs precision engineering limited directors

Vrs Precision Engineering Limited currently has 3 directors. The longest serving directors include Mrs Sylvia Sinanan (Aug 1991) and Ms Serena Sinanan (Feb 1995).

officercountryagestartendrole
Mrs Sylvia SinananUnited Kingdom85 years Aug 1991- Director
Ms Serena Sinanan64 years Feb 1995- Director
Mr Valmiki SinananEngland67 years Nov 2014- Director

P&L

December 2023

turnover

2m

+5%

operating profit

162.2k

0%

gross margin

29.7%

-1.37%

turnover

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

Balance Sheet

December 2023

net assets

1m

+0.18%

total assets

2.2m

+0.07%

cash

898.5k

+0.16%

net assets

Total assets minus all liabilities

vrs precision engineering limited company details

company number

01100297

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

25730 - Manufacture of tools

incorporation date

March 1973

age

52

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

v.r.s. limited (December 1991)

accountant

-

auditor

-

address

c/o vrs (holdings) limited, broadcut, wallington, fareham, hants, PO16 8ST

Bank

-

Legal Advisor

-

vrs 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 1 charges/mortgages relating to vrs precision engineering limited. Currently there are 0 open charges and 1 have been satisfied in the past.

vrs precision engineering 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.

Click to start generating capital raising & share issue transactions for VRS PRECISION ENGINEERING LIMITED. This can take several minutes, an email will notify you when this has completed.

vrs precision engineering limited Companies House Filings - See Documents

datedescriptionview/download