Heathyards Engineering Co. Limited

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heathyards engineering co. limited Company Information

Live

MatureMidHealthy

Company Number

01164808

Website

www.europeanheathyards.com

Registered Address

industrial house, units 31 & 32 maybrook industria, walsall, WS8 7DG

Industry

Manufacture of metal structures and parts of structures

Telephone

01543376754

Next Accounts Due

December 2024

Group Structure

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Directors

David Nash16 Years

Craig Nash16 Years

View All

Shareholders

european industrial group ltd 100%

heathyards engineering co. limited Estimated Valuation

£8.2m - £15.1m

The estimated valuation range for heathyards engineering co. limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £8.2m to £15.1m

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Heathyards Engineering Co. Limited AI Business Plan

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Heathyards Engineering Co. Limited is a live company located in walsall, WS8 7DG with a Companies House number of 01164808. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in March 1974, it's largest shareholder is european industrial group ltd with a 100% stake. Heathyards Engineering Co. Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Heathyards Engineering Co. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

7 Regular

1 Weak

Size

annual sales of £13.2m, make it in line with the average company (£13.2m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for heathyards engineering co. limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

HEATHYARDS ENGINEERING CO. LIMITED group structure

Heathyards Engineering Co. Limited has no subsidiary companies.

Ultimate parent company

EUROPEAN INDUSTRIAL GROUP LIMITED

04138085

1 parent

HEATHYARDS ENGINEERING CO. LIMITED

01164808

HEATHYARDS ENGINEERING CO. LIMITED Shareholders

european industrial group ltd

100%

Heathyards Engineering Co. Limited currently has 3 directors. The longest serving directors include Mr David Nash (May 2007) and Mr Craig Nash (Apr 2008).

officer	country	age	start	end	role
Mr David Nash	England	66 years	May 2007	-	Director
Mr Craig Nash	England	43 years	Apr 2008	-	Director
Mr Arran Nash		45 years	Jan 2012	-	Director

EXPORT

Heathyards Engineering Co. Limited's latest turnover from March 2023 is £13.2 million and the company has net assets of £4.3 million. According to their latest financial statements, Heathyards Engineering Co. Limited has 80 employees and maintains cash reserves of £1.8 million 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	13,238,522	10,539,050	9,821,467	10,782,591	8,271,894	6,187,068	6,890,282	6,812,267	12,499,146	12,673,493	6,834,181	9,483,211	6,328,810	6,532,957
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,835,056	7,150,002	7,364,847	7,932,706	6,115,304	4,276,274	5,030,223	4,899,954	9,140,467	9,384,722	5,002,265	6,980,079	4,581,868	4,694,332
Gross Profit	4,403,466	3,389,048	2,456,620	2,849,885	2,156,590	1,910,794	1,860,059	1,912,313	3,358,679	3,288,770	1,831,915	2,503,133	1,746,942	1,838,626
Admin Expenses	2,442,538	1,238,118	1,860,378	2,146,354	1,750,074	1,481,603	1,358,741	1,309,208	2,756,108	2,964,509	1,739,551	2,397,803	1,716,914	294,201
Operating Profit	1,960,928	2,150,930	596,242	703,531	406,516	429,191	501,318	603,105	602,571	324,261	92,364	105,330	30,028	1,544,425
Interest Payable	37,798	12,079	10,253	7,045	3,974	3,147	9,893	25,983	0	0	406	406	0	0
Interest Receivable	69,000	26,953	491	575	0	488	6,929	2,931	8,543	3,762	959	559	1,134	576
Pre-Tax Profit	1,992,130	2,165,804	586,480	697,061	402,542	426,532	498,354	580,053	611,114	328,023	92,917	105,482	31,163	1,545,001
Tax	-158,876	-490,758	68,156	-100,701	-78,769	-70,002	135,505	-114,565	-128,334	-75,445	-22,300	-27,425	-8,725	-432,600
Profit After Tax	1,833,254	1,675,046	654,636	596,360	323,773	356,530	633,859	465,488	482,780	252,578	70,617	78,057	22,437	1,112,401
Dividends Paid	1,655,450	566,000	439,000	172,000	385,304	361,194	331,642	257,622	0	0	0	0	0	0
Retained Profit	177,804	1,109,046	215,636	424,360	-61,531	-4,664	302,217	207,866	482,780	252,578	70,617	78,057	22,437	1,112,401
Employee Costs	3,474,670	2,631,944	2,747,959	2,755,821	2,216,236	1,823,038	1,907,809	1,727,719	3,229,154	3,282,693	1,739,890	2,478,111	1,742,679	1,856,593
Number Of Employees	80	78	80	68	69	60	61	56	95	101	53	78	57	61
EBITDA*	2,444,210	2,607,095	838,449	817,557	514,446	544,458	604,456	685,466	689,097	380,557	141,437	133,739	51,885	1,566,580

* 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	2,377,073	1,453,621	852,495	730,136	433,261	434,297	478,429	468,120	359,582	360,594	211,828	241,329	78,200	85,153
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)	526,655	1,558,844	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,903,728	3,012,465	852,495	730,136	433,261	434,297	478,429	468,120	359,582	360,594	211,828	241,329	78,200	85,153
Stock & work in progress	685,353	456,283	406,296	628,073	215,350	270,625	331,648	549,408	140,651	838,079	144,171	337,657	187,968	86,202
Trade Debtors	4,136,014	4,445,687	2,053,435	2,924,765	2,777,112	2,124,023	1,443,027	1,582,764	2,937,683	2,586,372	2,111,148	2,785,999	2,000,071	1,763,227
Group Debtors	1,137,566	297,198	1,738,404	1,509,761	1,580,482	847,461	847,042	978,750	0	0	0	0	0	0
Misc Debtors	270,849	1,240,632	1,896,454	1,035,094	306,408	356,801	1,439,576	171,120	0	0	0	0	0	0
Cash	1,835,921	1,748,694	1,172,787	989,480	1,462,449	1,635,408	1,275,712	1,312,082	2,295,544	1,121,456	383,389	342	223,287	230,400
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,065,703	8,188,494	7,267,376	7,087,173	6,341,801	5,234,318	5,337,005	4,594,124	5,373,878	4,545,907	2,638,708	3,123,998	2,411,326	2,079,829
total assets	10,969,431	11,200,959	8,119,871	7,817,309	6,775,062	5,668,615	5,815,434	5,062,244	5,733,460	4,906,501	2,850,536	3,365,327	2,489,526	2,164,982
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	12,500	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,087,846	2,350,035	1,350,639	1,504,290	1,473,098	1,060,459	974,502	1,269,647	3,450,489	3,080,912	902,220	1,505,001	811,338	951,391
Group/Directors Accounts	2,600,415	2,955,623	2,738,390	2,814,956	2,541,898	1,751,127	1,732,690	1,067,482	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	104,320	169,295	89,224	67,121	0	0	0	11,119	0	0	0	33,131	0	0
other current liabilities	1,260,966	886,594	480,191	187,372	230,345	268,057	508,682	416,452	0	202,278	583,106	487,683	529,850	86,190
total current liabilities	6,053,547	6,361,547	4,658,444	4,573,739	4,245,341	3,079,643	3,215,874	2,764,700	3,450,489	3,283,190	1,485,326	2,038,315	1,341,188	1,037,581
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	69,570	371,805	201,414	223,735	0	0	0	0	210,006	33,794	62,198	94,117	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	550,000	349,097	156,259	131,717	65,963	63,683	69,607	69,808	53,095	52,427	18,500	19,000	12,500	14,000
total long term liabilities	619,570	720,902	357,673	355,452	65,963	63,683	69,607	69,808	263,101	86,221	80,698	113,117	12,500	14,000
total liabilities	6,673,117	7,082,449	5,016,117	4,929,191	4,311,304	3,143,326	3,285,481	2,834,508	3,713,590	3,369,411	1,566,024	2,151,432	1,353,688	1,051,581
net assets	4,296,314	4,118,510	3,103,754	2,888,118	2,463,758	2,525,289	2,529,953	2,227,736	2,019,870	1,537,090	1,284,512	1,213,895	1,135,838	1,113,401
total shareholders funds	4,296,314	4,118,510	3,103,754	2,888,118	2,463,758	2,525,289	2,529,953	2,227,736	2,019,870	1,537,090	1,284,512	1,213,895	1,135,838	1,113,401

	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	1,960,928	2,150,930	596,242	703,531	406,516	429,191	501,318	603,105	602,571	324,261	92,364	105,330	30,028	1,544,425
Depreciation	483,282	456,165	242,207	114,026	107,930	115,267	103,138	82,361	86,526	56,296	49,073	28,409	21,857	22,155
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-158,876	-490,758	68,156	-100,701	-78,769	-70,002	135,505	-114,565	-128,334	-75,445	-22,300	-27,425	-8,725	-432,600
Stock	229,070	49,987	-221,777	412,723	-55,275	-61,023	-217,760	408,757	-697,428	693,908	-193,486	149,689	101,766	86,202
Debtors	-1,471,277	1,854,068	218,673	805,618	1,335,717	-401,360	997,011	-205,049	351,311	475,224	-674,851	785,928	236,844	1,763,227
Creditors	-262,189	999,396	-153,651	31,192	412,639	85,957	-295,145	-2,180,842	369,577	2,178,692	-602,781	693,663	-140,053	951,391
Accruals and Deferred Income	374,372	406,403	292,819	-42,973	-37,712	-240,625	92,230	416,452	-202,278	-380,828	95,423	-42,167	443,660	86,190
Deferred Taxes & Provisions	200,903	192,838	24,542	65,754	2,280	-5,924	-201	16,713	668	33,927	-500	6,500	-1,500	14,000
Cash flow from operations	3,840,627	1,810,919	1,073,419	-447,512	-467,558	776,247	-242,406	-1,380,484	1,074,847	967,771	479,616	-171,307	6,657	336,132
Investing Activities
capital expenditure	-1,406,734	-1,057,291	-364,566	-410,901	-106,894	-71,135	-113,447	-190,899	-85,514	-205,062	-19,572	-191,538	-14,904	-107,308
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,406,734	-1,057,291	-364,566	-410,901	-106,894	-71,135	-113,447	-190,899	-85,514	-205,062	-19,572	-191,538	-14,904	-107,308
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-355,208	217,233	-76,566	273,058	790,771	18,437	665,208	1,067,482	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	-367,210	250,462	-218	290,856	0	0	-11,119	-198,887	176,212	-28,404	-65,050	127,248	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-94,290	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	31,202	14,874	-9,762	-6,470	-3,974	-2,659	-2,964	-23,052	8,543	3,762	553	153	1,134	576
cash flow from financing	-691,216	388,279	-86,546	557,444	786,797	15,778	651,125	845,543	184,755	-24,642	-64,497	127,401	1,134	1,576
cash and cash equivalents
cash	87,227	575,907	183,307	-472,969	-172,959	359,696	-36,370	-983,462	1,174,088	738,067	383,047	-222,945	-7,113	230,400
overdraft	0	0	0	0	0	0	0	0	0	0	-12,500	12,500	0	0
change in cash	87,227	575,907	183,307	-472,969	-172,959	359,696	-36,370	-983,462	1,174,088	738,067	395,547	-235,445	-7,113	230,400

P&L

March 2023

turnover

13.2m

+26%

operating profit

-9%

gross margin

33.3%

+3.44%

turnover

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

Balance Sheet

March 2023

net assets

4.3m

+0.04%

total assets

11m

-0.02%

cash

1.8m

+0.05%

net assets

Total assets minus all liabilities

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company number

01164808

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

March 1974

age

accounts

Full Accounts

ultimate parent company

EUROPEAN INDUSTRIAL GROUP LIMITED

previous names

N/A

incorporated

address

industrial house, units 31 & 32 maybrook industria, walsall, WS8 7DG

last accounts submitted

March 2023

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 9 charges/mortgages relating to heathyards engineering co. limited. Currently there are 3 open charges and 6 have been satisfied in the past.

heathyards engineering co. limited Company Information

heathyards engineering co. limited Estimated Valuation

heathyards engineering co. limited Estimated Valuation

heathyards engineering co. limited Estimated Valuation

Heathyards Engineering Co. Limited AI Business Plan

Heathyards Engineering Co. Limited Overview

Heathyards Engineering Co. Limited Health Check

heathyards engineering co. limited Credit Report and Business Information

Heathyards Engineering Co. Limited Competitor Analysis

heathyards engineering co. limited Ownership

heathyards engineering co. limited directors

HEATHYARDS ENGINEERING CO. LIMITED financials

heathyards engineering co. limited company details

heathyards engineering co. limited Charges & Mortgages

heathyards engineering co. limited Companies House Filings - See Documents