Duct Engineering (luton) Limited

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duct engineering (luton) limited Company Information

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MatureSmallHigh

Company Number

01135626

Website

https://www.airflowdampers.co.uk

Registered Address

12 church square, leighton buzzard, bedfordshire, LU7 1AE

Industry

Other manufacturing n.e.c.

Telephone

01582562626

Next Accounts Due

December 2024

Group Structure

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Directors

Stuart Ludlow32 Years

Peter Smith15 Years

Shareholders

stuart rudd ludlow 55%

peter john smith 45%

duct engineering (luton) limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of DUCT ENGINEERING (LUTON) LIMITED at £1.4m based on a Turnover of £2.2m and 0.61x industry multiple (adjusted for size and gross margin).

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Duct Engineering (luton) Limited is a live company located in bedfordshire, LU7 1AE with a Companies House number of 01135626. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 1973, it's largest shareholder is stuart rudd ludlow with a 55% stake. Duct Engineering (luton) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with high growth in recent years.

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Pomanda's financial health check has awarded Duct Engineering (Luton) Limited a 2 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

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (4%)

EXPORT

Duct Engineering (Luton) Limited's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £76.2 thousand. According to their latest financial statements, Duct Engineering (Luton) Limited has 19 employees and maintains cash reserves of £43.1 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	2,238,386	2,324,096	2,043,886	1,465,294	1,635,308	1,296,138	1,636,275	1,247,070	1,488,372	1,449,189	657,786	737,663	1,117,934	963,475
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,583,628	1,638,696	1,467,080	1,035,736	1,140,377	894,070	1,110,695	847,612	1,018,159	985,788	447,645	498,627	754,766	647,618
Gross Profit	654,758	685,399	576,806	429,558	494,930	402,068	525,579	399,457	470,213	463,401	210,141	239,036	363,168	315,857
Admin Expenses	582,161	690,204	591,872	419,046	569,457	433,651	533,366	400,462	505,846	447,859	84,037	279,544	368,525	158,865
Operating Profit	72,597	-4,805	-15,066	10,512	-74,527	-31,583	-7,787	-1,005	-35,633	15,542	126,104	-40,508	-5,357	156,992
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,745	194	13	40	269	168	110	443	390	405	449	132	174	98
Pre-Tax Profit	74,342	-4,611	-15,053	10,552	-74,258	-31,415	-7,677	-562	-35,243	15,947	126,553	-40,376	-5,183	157,090
Tax	-14,125	0	0	-2,005	0	0	0	0	0	-3,668	-30,373	0	0	-43,985
Profit After Tax	60,217	-4,611	-15,053	8,547	-74,258	-31,415	-7,677	-562	-35,243	12,279	96,180	-40,376	-5,183	113,105
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	60,217	-4,611	-15,053	8,547	-74,258	-31,415	-7,677	-562	-35,243	12,279	96,180	-40,376	-5,183	113,105
Employee Costs	757,379	721,404	691,777	653,028	608,974	589,046	635,550	561,744	359,204	347,605	156,770	186,989	274,056	265,840
Number Of Employees	19	19	19	18	17	17	19	17	11	11	5	6	9	9
EBITDA*	83,904	9,048	2,369	33,231	-44,719	8,160	45,786	23,042	-7,341	28,499	132,404	-37,363	-1,659	160,486

* 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	33,920	41,556	53,324	68,156	90,875	119,230	158,973	212,546	236,388	264,418	86,071	92,207	94,780	96,875
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	33,920	41,556	53,324	68,156	90,875	119,230	158,973	212,546	236,388	264,418	86,071	92,207	94,780	96,875
Stock & work in progress	141,741	146,316	153,471	130,991	128,207	126,144	84,671	102,233	65,370	148,521	8,747	10,995	10,995	10,035
Trade Debtors	449,175	540,730	405,946	222,853	318,691	215,035	347,379	203,253	209,358	207,055	115,003	145,865	245,919	199,150
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	139,561	36,363	21,963	20,587	13,521	63,047	60,296	6,032	0	0	0	0	0	0
Cash	43,058	39,046	12,784	13,977	66,438	5,383	61,804	26,072	151,196	4,817	157,245	22,296	30,320	39,124
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	773,535	762,455	594,164	388,408	526,857	409,609	554,150	337,590	425,924	360,393	280,995	179,156	287,234	248,309
total assets	807,455	804,011	647,488	456,564	617,732	528,839	713,123	550,136	662,312	624,811	367,066	271,363	382,014	345,184
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	285,854	222,454	257,128	167,965	184,998	130,110	155,081	110,462	521,350	448,606	203,140	203,617	273,892	231,879
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	439,311	558,099	360,136	248,425	389,365	275,586	396,113	299,274	0	0	0	0	0	0
total current liabilities	725,165	780,553	617,264	416,390	574,363	405,696	551,194	409,736	521,350	448,606	203,140	203,617	273,892	231,879
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	0	0	0	0	0	0
provisions	6,140	7,525	9,680	4,577	16,319	21,835	29,206	0	0	0	0	0	0	0
total long term liabilities	6,140	7,525	9,680	4,577	16,319	21,835	29,206	0	0	0	0	0	0	0
total liabilities	731,305	788,078	626,944	420,967	590,682	427,531	580,400	409,736	521,350	448,606	203,140	203,617	273,892	231,879
net assets	76,150	15,933	20,544	35,597	27,050	101,308	132,723	140,400	140,962	176,205	163,926	67,746	108,122	113,305
total shareholders funds	76,150	15,933	20,544	35,597	27,050	101,308	132,723	140,400	140,962	176,205	163,926	67,746	108,122	113,305

	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	72,597	-4,805	-15,066	10,512	-74,527	-31,583	-7,787	-1,005	-35,633	15,542	126,104	-40,508	-5,357	156,992
Depreciation	11,307	13,853	17,435	22,719	29,808	39,743	53,573	24,047	28,292	12,957	6,300	3,145	3,698	3,494
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-14,125	0	0	-2,005	0	0	0	0	0	-3,668	-30,373	0	0	-43,985
Stock	-4,575	-7,155	22,480	2,784	2,063	41,473	-17,562	36,863	-83,151	139,774	-2,248	0	960	10,035
Debtors	11,643	149,184	184,469	-88,772	54,130	-129,593	198,390	-73	2,303	92,052	-30,862	-100,054	46,769	199,150
Creditors	63,400	-34,674	89,163	-17,033	54,888	-24,971	44,619	-410,888	72,744	245,466	-477	-70,275	42,013	231,879
Accruals and Deferred Income	-118,788	197,963	111,711	-140,940	113,779	-120,527	96,839	299,274	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,385	-2,155	5,103	-11,742	-5,516	-7,371	29,206	0	0	0	0	0	0	0
Cash flow from operations	5,938	28,153	1,397	-52,501	62,239	-56,589	35,622	-125,362	146,251	38,471	134,664	-7,584	-7,375	139,195
Investing Activities
capital expenditure	-3,671	-2,085	-2,603	0	-1,453	0	0	-205	-262	-191,304	-164	-572	-1,603	-100,369
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,671	-2,085	-2,603	0	-1,453	0	0	-205	-262	-191,304	-164	-572	-1,603	-100,369
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	200
interest	1,745	194	13	40	269	168	110	443	390	405	449	132	174	98
cash flow from financing	1,745	194	13	40	269	168	110	443	390	405	449	132	174	298
cash and cash equivalents
cash	4,012	26,262	-1,193	-52,461	61,055	-56,421	35,732	-125,124	146,379	-152,428	134,949	-8,024	-8,804	39,124
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	4,012	26,262	-1,193	-52,461	61,055	-56,421	35,732	-125,124	146,379	-152,428	134,949	-8,024	-8,804	39,124

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DUCT ENGINEERING (LUTON) LIMITED group structure

Duct Engineering (Luton) Limited has no subsidiary companies.

Ultimate parent company

DUCT ENGINEERING (LUTON) LIMITED

01135626

DUCT ENGINEERING (LUTON) LIMITED Shareholders

stuart rudd ludlow	55%
peter john smith	45%

Duct Engineering (Luton) Limited currently has 2 directors. The longest serving directors include Mr Stuart Ludlow (Nov 1991) and Mr Peter Smith (Dec 2008).

officer	country	age	start	end	role
Mr Stuart Ludlow	United Kingdom	65 years	Nov 1991	-	Director
Mr Peter Smith	United Kingdom	58 years	Dec 2008	-	Director

P&L

March 2023

turnover

2.2m

-4%

operating profit

72.6k

gross margin

29.3%

-0.81%

turnover

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

Balance Sheet

March 2023

net assets

76.2k

+3.78%

total assets

807.5k

cash

43.1k

+0.1%

net assets

Total assets minus all liabilities

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company number

01135626

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

September 1973

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

12 church square, leighton buzzard, bedfordshire, LU7 1AE

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 duct engineering (luton) limited. Currently there are 3 open charges and 2 have been satisfied in the past.

duct engineering (luton) limited Company Information

duct engineering (luton) limited Estimated Valuation

duct engineering (luton) limited Estimated Valuation

duct engineering (luton) limited Estimated Valuation

Duct Engineering (luton) Limited Overview

Duct Engineering (luton) Limited Health Check

DUCT ENGINEERING (LUTON) LIMITED financials

duct engineering (luton) limited Credit Report and Business Information

Duct Engineering (luton) Limited Competitor Analysis

duct engineering (luton) limited Ownership

duct engineering (luton) limited directors

duct engineering (luton) limited company details

duct engineering (luton) limited Charges & Mortgages

duct engineering (luton) limited Companies House Filings - See Documents