tew engineering limited
tew engineering limited Company Information
Company Number
01134730
Website
http://www.lbfoster.euRegistered Address
5 osborne terrace, jesmond, newcastle upon tyne, NE2 1SQ
Industry
Manufacture of other special-purpose machinery n.e.c.
Telephone
441142562225
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
l b foster rail technologies (uk) limited 100%
tew engineering limited Estimated Valuation
Pomanda estimates the enterprise value of TEW ENGINEERING LIMITED at £4.9m based on a Turnover of £7.3m and 0.67x industry multiple (adjusted for size and gross margin).
tew engineering limited Estimated Valuation
Pomanda estimates the enterprise value of TEW ENGINEERING LIMITED at £0 based on an EBITDA of £-314.2k and a 5.18x industry multiple (adjusted for size and gross margin).
tew engineering limited Estimated Valuation
Pomanda estimates the enterprise value of TEW ENGINEERING LIMITED at £15.4m based on Net Assets of £7.4m and 2.07x industry multiple (adjusted for liquidity).
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Tew Engineering Limited Overview
Tew Engineering Limited is a live company located in newcastle upon tyne, NE2 1SQ with a Companies House number of 01134730. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in September 1973, it's largest shareholder is l b foster rail technologies (uk) limited with a 100% stake. Tew Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with high growth in recent years.
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Tew Engineering Limited Health Check
Pomanda's financial health check has awarded Tew Engineering Limited a 2.5 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 £7.3m, make it smaller than the average company (£10.7m)
£7.3m - Tew Engineering Limited
£10.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (-0.1%)
26% - Tew Engineering Limited
-0.1% - Industry AVG
Production
with a gross margin of 30.7%, this company has a comparable cost of product (30.8%)
30.7% - Tew Engineering Limited
30.8% - Industry AVG
Profitability
an operating margin of -5.2% make it less profitable than the average company (5.4%)
-5.2% - Tew Engineering Limited
5.4% - Industry AVG
Employees
with 63 employees, this is similar to the industry average (62)
63 - Tew Engineering Limited
62 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has a lower pay structure (£48.7k)
£32.6k - Tew Engineering Limited
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £116.4k, this is less efficient (£174.1k)
£116.4k - Tew Engineering Limited
£174.1k - Industry AVG
Debtor Days
it gets paid by customers after 179 days, this is later than average (61 days)
179 days - Tew Engineering Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is quicker than average (45 days)
40 days - Tew Engineering Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 184 days, this is more than average (82 days)
184 days - Tew Engineering Limited
82 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Tew Engineering Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.3%, this is a lower level of debt than the average (49.1%)
31.3% - Tew Engineering Limited
49.1% - Industry AVG
TEW ENGINEERING LIMITED financials
Tew Engineering Limited's latest turnover from December 2022 is £7.3 million and the company has net assets of £7.4 million. According to their latest financial statements, Tew Engineering Limited has 63 employees and maintains cash reserves of £128.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jan 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,333,233 | 6,406,453 | 5,808,427 | 3,679,238 | 3,919,332 | 5,798,876 | 7,125,021 | 9,135,830 | 9,316,279 | 11,272,388 | 11,739,000 | 10,191,000 | 7,495,000 | 7,252,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,082,933 | 4,367,919 | 4,107,005 | 2,762,261 | 2,939,397 | 3,255,819 | 3,974,416 | 5,217,661 | 4,802,420 | 5,589,573 | 6,613,000 | 4,936,000 | 3,228,000 | 2,525,000 |
| Gross Profit | 2,250,300 | 2,038,534 | 1,701,422 | 916,977 | 979,935 | 2,543,057 | 3,150,605 | 3,918,169 | 4,513,859 | 5,682,815 | 5,126,000 | 5,255,000 | 4,267,000 | 4,727,000 |
| Admin Expenses | 2,634,874 | 2,031,382 | 1,635,788 | 1,425,593 | 1,101,614 | 1,290,664 | 2,225,779 | 2,944,628 | 3,488,299 | 3,872,109 | 4,062,000 | 4,686,000 | 4,138,000 | 4,629,000 |
| Operating Profit | -384,574 | 7,152 | 65,634 | -508,616 | -121,679 | 1,252,393 | 924,826 | 973,541 | 1,025,560 | 1,810,706 | 1,064,000 | 569,000 | 129,000 | 98,000 |
| Interest Payable | 0 | 12,715 | 0 | 0 | 772 | 965 | 0 | 0 | 50,147 | 14,681 | 24,000 | 23,000 | 117,000 | 105,000 |
| Interest Receivable | 0 | 0 | 565 | 445 | 21 | 0 | 6,207 | 1,941 | 2,421 | 19,348 | 11,000 | 1,000 | 48,000 | 135,000 |
| Pre-Tax Profit | -384,574 | -5,563 | 66,199 | -508,171 | -122,430 | 1,251,428 | 931,033 | 975,482 | 969,006 | 1,945,448 | 1,051,000 | 547,000 | 60,000 | -7,000 |
| Tax | 1,152 | 2,755 | 2,111 | 2,958 | -877 | -231,711 | -162,544 | -211,082 | 274,381 | -244,000 | -249,000 | -220,000 | 19,000 | 8,000 |
| Profit After Tax | -383,422 | -2,808 | 68,310 | -505,213 | -123,307 | 1,019,717 | 768,489 | 764,400 | 1,243,387 | 1,701,448 | 802,000 | 327,000 | 79,000 | 1,000 |
| Dividends Paid | 0 | 0 | 105,000 | 0 | 2,669,311 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -383,422 | -2,808 | -36,690 | -505,213 | -2,792,618 | 1,019,717 | 768,489 | 764,400 | 1,243,387 | 1,701,448 | 802,000 | 327,000 | 79,000 | 1,000 |
| Employee Costs | 2,052,866 | 1,963,791 | 1,652,518 | 1,460,931 | 1,671,470 | 1,949,971 | 2,369,089 | 3,206,215 | 3,785,159 | 3,717,000 | 3,825,000 | 3,262,000 | 2,982,000 | 3,217,000 |
| Number Of Employees | 63 | 61 | 56 | 45 | 64 | 61 | 63 | 89 | 85 | 85 | 85 | 84 | 90 | 93 |
| EBITDA* | -314,241 | 80,875 | 115,644 | -437,021 | -36,895 | 1,362,997 | 1,070,402 | 1,121,655 | 1,127,846 | 1,810,837 | 1,203,000 | 714,000 | 288,000 | 279,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jan 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,477,148 | 1,515,515 | 1,561,638 | 1,608,484 | 1,673,344 | 1,717,631 | 1,824,904 | 1,969,180 | 2,106,997 | 2,848,742 | 2,815,000 | 2,988,000 | 3,026,000 | 3,629,000 |
| Intangible Assets | 122,061 | 149,661 | 32,662 | 831 | 4,162 | 7,493 | 10,824 | 14,155 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,447,946 | 1,447,946 | 1,447,946 | 1,460,046 | 1,460,046 | 1,460,046 | 1,460,046 | 1,460,046 | 12,101 | 60,929 | 75,000 | 75,000 | 75,000 | 75,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,047,155 | 3,113,122 | 3,042,246 | 3,069,361 | 3,137,552 | 3,185,170 | 3,295,774 | 3,443,381 | 2,119,098 | 2,909,671 | 2,890,000 | 3,063,000 | 3,101,000 | 3,704,000 |
| Stock & work in progress | 2,573,057 | 1,821,217 | 761,089 | 369,743 | 295,366 | 127,593 | 113,199 | 285,865 | 372,836 | 457,432 | 840,000 | 371,000 | 245,000 | 238,000 |
| Trade Debtors | 3,613,074 | 2,558,276 | 789,195 | 1,943,689 | 1,350,663 | 2,564,710 | 2,398,096 | 2,787,891 | 6,931,588 | 3,164,924 | 3,074,000 | 2,845,000 | 2,204,000 | 1,471,000 |
| Group Debtors | 1,290,964 | 2,178,109 | 2,804,855 | 3,158,904 | 3,623,516 | 5,245,107 | 4,852,994 | 2,807,555 | 0 | 1,125,000 | 740,000 | 170,000 | 34,000 | 54,000 |
| Misc Debtors | 189,657 | 33,958 | 1,654,316 | 157,608 | 132,801 | 58,351 | 65,166 | 187,976 | 0 | 203,083 | 236,000 | 91,000 | 145,000 | 178,000 |
| Cash | 128,633 | 281,772 | 863,931 | 121,934 | 443,755 | 1,188,109 | 1,160,208 | 2,308,874 | 1,906,957 | 2,637,000 | 2,247,000 | 1,281,000 | 468,000 | 746,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,795,385 | 6,873,332 | 6,873,386 | 5,751,878 | 5,846,101 | 9,183,870 | 8,589,663 | 8,378,161 | 9,211,381 | 7,587,439 | 7,137,000 | 4,758,000 | 3,096,000 | 2,687,000 |
| total assets | 10,842,540 | 9,986,454 | 9,915,632 | 8,821,239 | 8,983,653 | 12,369,040 | 11,885,437 | 11,821,542 | 11,330,479 | 10,497,110 | 10,027,000 | 7,821,000 | 6,197,000 | 6,391,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95,000 | 95,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90,000 | 90,000 | 101,000 |
| Trade Creditors | 565,294 | 426,819 | 513,735 | 529,210 | 327,266 | 505,610 | 624,701 | 823,621 | 604,219 | 2,152,599 | 942,000 | 660,000 | 924,000 | 559,000 |
| Group/Directors Accounts | 1,191,899 | 1,118,075 | 262,384 | 0 | 12,100 | 14,100 | 26,798 | 423,829 | 12,100 | 12,100 | 12,000 | 12,000 | 54,000 | 60,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 569,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 |
| other current liabilities | 1,640,034 | 612,825 | 1,302,542 | 417,071 | 261,279 | 674,498 | 993,055 | 1,120,106 | 2,047,891 | 1,184,010 | 3,539,000 | 2,602,000 | 497,000 | 1,251,000 |
| total current liabilities | 3,397,227 | 2,157,719 | 2,078,661 | 946,281 | 600,645 | 1,194,208 | 1,644,554 | 2,367,556 | 2,664,210 | 3,443,709 | 4,588,000 | 3,364,000 | 2,134,000 | 1,975,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 782,000 | 870,000 | 961,000 | 1,051,000 | 1,127,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 5,428 | 6,725 | 9,562 | 8,768 | 94,536 | 76,128 | 52,811 | 52,330 | 55,000 | 33,000 | 31,000 | 27,000 |
| total long term liabilities | 0 | 0 | 5,428 | 6,725 | 9,562 | 8,768 | 94,536 | 76,128 | 52,811 | 834,330 | 964,000 | 1,083,000 | 1,170,000 | 1,561,000 |
| total liabilities | 3,397,227 | 2,157,719 | 2,084,089 | 953,006 | 610,207 | 1,202,976 | 1,739,090 | 2,443,684 | 2,717,021 | 4,278,039 | 5,552,000 | 4,447,000 | 3,304,000 | 3,536,000 |
| net assets | 7,445,313 | 7,828,735 | 7,831,543 | 7,868,233 | 8,373,446 | 11,166,064 | 10,146,347 | 9,377,858 | 8,613,458 | 6,219,071 | 4,475,000 | 3,374,000 | 2,893,000 | 2,855,000 |
| total shareholders funds | 7,445,313 | 7,828,735 | 7,831,543 | 7,868,233 | 8,373,446 | 11,166,064 | 10,146,347 | 9,377,858 | 8,613,458 | 6,219,071 | 4,475,000 | 3,374,000 | 2,893,000 | 2,855,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jan 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -384,574 | 7,152 | 65,634 | -508,616 | -121,679 | 1,252,393 | 924,826 | 973,541 | 1,025,560 | 1,810,706 | 1,064,000 | 569,000 | 129,000 | 98,000 |
| Depreciation | 42,733 | 46,123 | 46,846 | 68,264 | 81,453 | 107,273 | 142,245 | 145,616 | 102,286 | 131 | 139,000 | 145,000 | 159,000 | 181,000 |
| Amortisation | 27,600 | 27,600 | 3,164 | 3,331 | 3,331 | 3,331 | 3,331 | 2,498 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,152 | 2,755 | 2,111 | 2,958 | -877 | -231,711 | -162,544 | -211,082 | 274,381 | -244,000 | -249,000 | -220,000 | 19,000 | 8,000 |
| Stock | 751,840 | 1,060,128 | 391,346 | 74,377 | 167,773 | 14,394 | -172,666 | -171,567 | -84,596 | -382,568 | 469,000 | 126,000 | 7,000 | 238,000 |
| Debtors | 323,352 | -478,023 | -11,835 | 153,221 | -2,761,188 | 551,912 | 1,532,834 | 1,290,415 | 2,438,581 | 443,007 | 944,000 | 723,000 | 680,000 | 1,703,000 |
| Creditors | 138,475 | -86,916 | -15,475 | 201,944 | -178,344 | -119,091 | -198,920 | -1,328,978 | -1,548,380 | 1,210,599 | 282,000 | -264,000 | 365,000 | 559,000 |
| Accruals and Deferred Income | 1,027,209 | -689,717 | 885,471 | 155,792 | -413,219 | -318,557 | -127,051 | -63,904 | 863,881 | -2,354,990 | 937,000 | 2,105,000 | -754,000 | 1,251,000 |
| Deferred Taxes & Provisions | 0 | -5,428 | -1,297 | -2,837 | 794 | -85,768 | 18,408 | 23,798 | 481 | -2,670 | 22,000 | 2,000 | 4,000 | 27,000 |
| Cash flow from operations | -222,597 | -1,280,536 | 606,943 | -306,762 | 1,964,874 | 41,564 | -759,873 | -1,577,359 | -1,635,776 | 359,337 | 782,000 | 1,488,000 | -765,000 | 183,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -1,869,000 | |||||||||||||
| Change in Investments | 0 | 0 | -12,100 | 0 | 0 | 0 | 0 | 1,399,117 | -48,828 | -14,071 | 0 | 0 | 0 | 75,000 |
| cash flow from investments | -1,944,000 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -90,000 | 0 | -11,000 | 101,000 |
| Group/Directors Accounts | 73,824 | 855,691 | 262,384 | -12,100 | -2,000 | -12,698 | -397,031 | 411,729 | 0 | 100 | 0 | -42,000 | -6,000 | 60,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -569,000 | 569,000 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -782,000 | -782,000 | -88,000 | -91,000 | -90,000 | -76,000 | 1,127,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,000 | 4,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | -12,715 | 565 | 445 | -751 | -965 | 6,207 | 1,941 | -47,726 | 4,667 | -13,000 | -22,000 | -69,000 | 30,000 |
| cash flow from financing | 73,824 | 842,976 | 262,949 | -11,655 | -2,751 | -13,663 | -390,824 | 2,026,057 | 321,274 | -40,610 | 105,000 | -569,000 | 362,000 | 4,176,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -153,139 | -582,159 | 741,997 | -321,821 | -744,354 | 27,901 | -1,148,666 | -328,126 | -730,043 | 390,000 | 966,000 | 813,000 | -278,000 | 746,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -95,000 | -95,000 | 0 | 95,000 | 0 | 0 | 0 |
| change in cash | -153,139 | -582,159 | 741,997 | -321,821 | -744,354 | 27,901 | -1,148,666 | -233,126 | -635,043 | 390,000 | 871,000 | 813,000 | -278,000 | 746,000 |
tew engineering limited Credit Report and Business Information
Tew Engineering Limited Competitor Analysis
Perform a competitor analysis for tew engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tew engineering limited Ownership
TEW ENGINEERING LIMITED group structure
Tew Engineering Limited has 4 subsidiary companies.
Ultimate parent company
LB FOSTER CO
#0077707
2 parents
TEW ENGINEERING LIMITED
01134730
4 subsidiaries
tew engineering limited directors
Tew Engineering Limited currently has 4 directors. The longest serving directors include Mr Neil Sheffield (Jul 2017) and Mr Sean Reilly (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Sheffield | England | 51 years | Jul 2017 | - | Director |
| Mr Sean Reilly | 52 years | Jan 2022 | - | Director | |
| Ms Emma Boura | England | 38 years | Jan 2024 | - | Director |
| Mr Brian Kelly | England | 65 years | Jan 2024 | - | Director |
P&L
December 2022turnover
7.3m
+14%
operating profit
-384.6k
-5477%
gross margin
30.7%
-3.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.4m
-0.05%
total assets
10.8m
+0.09%
cash
128.6k
-0.54%
net assets
Total assets minus all liabilities
Similar Companies
tew engineering limited company details
company number
01134730
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
September 1973
age
51
accounts
Full Accounts
ultimate parent company
previous names
w.h. tew engineering limited (May 1993)
w.h. tew (engraving) limited (December 1984)
incorporated
UK
address
5 osborne terrace, jesmond, newcastle upon tyne, NE2 1SQ
last accounts submitted
December 2022
tew 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 14 charges/mortgages relating to tew engineering limited. Currently there are 2 open charges and 12 have been satisfied in the past.
tew engineering limited Companies House Filings - See Documents
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