Precision Aluminium Casting & Engineering Ltd

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precision aluminium casting & engineering ltd Company Information

Company Number

01172026

Next Accounts

Sep 2025

Directors

Paul Booth

Kate Davis

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Shareholders

enhanced engineering group limited

Group Structure

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Industry

Casting of other non-ferrous metals

Registered Address

w h rowe ltd bond street, southampton, SO14 5QA

Website

www.whrowe.com

precision aluminium casting & engineering ltd Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of PRECISION ALUMINIUM CASTING & ENGINEERING LTD at £2.2m based on a Turnover of £5m and 0.44x industry multiple (adjusted for size and gross margin).

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Precision Aluminium Casting & Engineering Ltd is a live company located in southampton, SO14 5QA with a Companies House number of 01172026. It operates in the casting of other non-ferrous metals sector, SIC Code 24540. Founded in May 1974, it's largest shareholder is enhanced engineering group limited with a 100% stake. Precision Aluminium Casting & Engineering Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5m with high growth in recent years.

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Pomanda's financial health check has awarded Precision Aluminium Casting & Engineering Ltd 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 £5m, make it smaller than the average company (£22.1m)

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (6.1%)

EXPORT

Precision Aluminium Casting & Engineering Ltd's latest turnover from December 2023 is estimated at £5 million and the company has net assets of £492.9 thousand. According to their latest financial statements, Precision Aluminium Casting & Engineering Ltd has 61 employees and maintains cash reserves of £1.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	5,023,137	4,581,393	3,735,936	2,323,953	2,755,219	2,829,991	3,853,639	3,283,902	4,094,596	3,693,373	5,115,180	4,882,908	5,077,967	3,725,061
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,277,313	3,746,426	3,013,693	1,825,287	2,273,493	2,418,182	3,201,719	2,726,962	3,305,819	3,034,421	4,141,261	3,775,905	3,708,794	2,837,208
Gross Profit	745,825	834,968	722,243	498,666	481,726	411,809	651,919	556,940	788,777	658,952	973,919	1,107,003	1,369,173	887,853
Admin Expenses	795,626	835,895	631,526	552,901	412,510	469,068	576,648	645,604	748,983	543,764	1,097,854	1,081,205	1,361,157	-87,543
Operating Profit	-49,801	-927	90,717	-54,235	69,216	-57,259	75,271	-88,664	39,794	115,188	-123,935	25,798	8,016	975,396
Interest Payable	118,248	69,800	29,043	12,918	13,864	20,486	12,701	0	0	0	0	0	0	0
Interest Receivable	684	2,770	230	45	356	332	47	123	285	52	0	0	0	0
Pre-Tax Profit	-167,365	-67,957	61,904	-67,108	55,707	-77,413	62,617	-88,541	40,079	115,241	-123,935	25,799	8,016	975,396
Tax	0	0	-11,762	0	-10,584	0	-11,897	0	-8,016	-24,201	0	-6,192	-2,084	-273,111
Profit After Tax	-167,365	-67,957	50,142	-67,108	45,123	-77,413	50,720	-88,541	32,063	91,040	-123,935	19,607	5,932	702,285
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-167,365	-67,957	50,142	-67,108	45,123	-77,413	50,720	-88,541	32,063	91,040	-123,935	19,607	5,932	702,285
Employee Costs	2,402,971	2,053,293	1,937,900	1,400,256	1,397,468	1,619,681	1,922,439	695,050	763,498	747,466	1,000,298	909,692	1,036,730	789,446
Number Of Employees	61	56	56	47	46	55	67	26	26	25	38	34	39	31
EBITDA*	162,074	88,785	191,313	40,721	160,571	22,754	155,127	13,056	115,855	192,123	-40,023	107,353	91,852	1,063,523

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,345,316	1,070,694	887,628	955,870	1,035,742	958,695	955,154	764,357	1,107,821	1,125,063	1,221,204	1,281,811	1,261,303	1,204,254
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)	59,549	69,534	118,151	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,404,865	1,140,228	1,005,779	955,870	1,035,742	958,695	955,154	764,357	1,107,821	1,125,063	1,221,204	1,281,811	1,261,303	1,204,254
Stock & work in progress	641,802	525,942	452,924	168,150	243,243	263,939	328,034	225,715	304,880	342,397	544,867	539,664	581,274	276,622
Trade Debtors	686,829	649,264	533,053	341,641	404,554	326,738	589,247	678,019	657,624	622,315	503,351	718,906	860,627	611,141
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	62,607	56,019	46,948	14,322	38,664	79,464	117,238	0	0	0	0	0	0	0
Cash	1,548	24,523	133,737	49,890	39,215	55,620	32,938	4,981	93,041	20,768	163	26	95	74
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,392,786	1,255,748	1,166,662	574,003	725,676	725,761	1,067,457	908,715	1,055,545	985,480	1,048,381	1,258,596	1,441,996	887,837
total assets	2,797,651	2,395,976	2,172,441	1,529,873	1,761,418	1,684,456	2,022,611	1,673,072	2,163,366	2,110,543	2,269,585	2,540,407	2,703,299	2,092,091
Bank overdraft	0	0	0	0	210,223	200,564	406,427	0	0	0	0	0	0	0
Bank loan	16,600	16,600	16,600	83,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	263,993	538,390	336,183	116,848	203,513	273,957	443,773	905,956	1,049,003	972,486	1,150,049	1,175,304	1,347,813	772,733
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	670,053	431,158	369,934	130,314	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	48,511	64,788	80,252	88,813	94,062	67,962	33,179	0	0	0	0	0	0	0
other current liabilities	380,232	126,578	108,463	176,932	166,101	142,740	171,198	0	0	0	0	0	0	0
total current liabilities	1,379,389	1,177,514	911,432	595,907	673,899	685,223	1,054,577	905,956	1,049,003	972,486	1,150,049	1,175,304	1,347,813	772,733
loans	662,134	305,647	329,532	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	84,353	33,488	62,550	157,611	246,424	218,687	101,406	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	3,975	230,141	285,711	350,765	443,907	453,306	422,959
provisions	178,883	219,070	140,713	98,283	95,915	80,489	89,158	36,391	68,931	69,118	76,583	105,073	105,664	105,815
total long term liabilities	925,370	558,205	532,795	255,894	342,339	299,176	190,564	40,366	299,072	354,829	427,348	548,980	558,970	528,774
total liabilities	2,304,759	1,735,719	1,444,227	851,801	1,016,238	984,399	1,245,141	946,322	1,348,075	1,327,315	1,577,397	1,724,284	1,906,783	1,301,507
net assets	492,892	660,257	728,214	678,072	745,180	700,057	777,470	726,750	815,291	783,228	692,188	816,123	796,516	790,584
total shareholders funds	492,892	660,257	728,214	678,072	745,180	700,057	777,470	726,750	815,291	783,228	692,188	816,123	796,516	790,584

	Dec 2023	Dec 2022	Dec 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-49,801	-927	90,717	-54,235	69,216	-57,259	75,271	-88,664	39,794	115,188	-123,935	25,798	8,016	975,396
Depreciation	211,875	89,712	100,596	94,956	91,355	80,013	79,856	101,720	76,061	76,935	83,912	81,555	83,836	88,127
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-11,762	0	-10,584	0	-11,897	0	-8,016	-24,201	0	-6,192	-2,084	-273,111
Stock	115,860	73,018	284,774	-75,093	-20,696	-64,095	102,319	-79,165	-37,517	-202,470	5,203	-41,610	304,652	276,622
Debtors	34,168	76,665	342,189	-87,255	37,016	-300,283	28,466	20,395	35,309	118,964	-215,555	-141,721	249,486	611,141
Creditors	-274,397	202,207	219,335	-86,665	-70,444	-169,816	-462,183	-143,047	76,517	-177,563	-25,255	-172,509	575,080	772,733
Accruals and Deferred Income	253,654	18,115	-68,469	10,831	23,361	-28,458	171,198	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-40,187	78,357	42,430	2,368	15,426	-8,669	52,767	-32,540	-187	-7,465	-28,490	-591	-151	105,815
Cash flow from operations	-48,884	237,781	-254,116	129,603	102,010	180,189	-225,773	-103,761	186,377	66,400	116,584	111,392	110,559	781,197
Investing Activities
capital expenditure	-486,497	-272,778	-32,354	-15,084	-168,402	-83,554	-270,653	241,744	-58,819	19,206	-23,305	-102,063	-140,885	-1,292,381
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-486,497	-272,778	-32,354	-15,084	-168,402	-83,554	-270,653	241,744	-58,819	19,206	-23,305	-102,063	-140,885	-1,292,381
Financing Activities
Bank loans	0	0	-66,400	83,000	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	238,895	61,224	239,620	130,314	0	0	0	0	0	0	0	0	0	0
Long term loans	356,487	-23,885	329,532	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	34,588	-44,526	-103,622	-94,062	53,837	152,064	134,585	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-3,975	-226,166	-55,570	-65,054	-93,142	-9,399	30,347	422,959
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	88,299
interest	-117,564	-67,030	-28,813	-12,873	-13,508	-20,154	-12,654	123	285	52	0	0	0	0
cash flow from financing	512,406	-74,217	370,317	106,379	40,329	131,910	117,956	-226,043	-55,285	-65,002	-93,142	-9,399	30,347	511,258
cash and cash equivalents
cash	-22,975	-109,214	83,847	10,675	-16,405	22,682	27,957	-88,060	72,273	20,605	137	-69	21	74
overdraft	0	0	0	-210,223	9,659	-205,863	406,427	0	0	0	0	0	0	0
change in cash	-22,975	-109,214	83,847	220,898	-26,064	228,545	-378,470	-88,060	72,273	20,605	137	-69	21	74

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRECISION ALUMINIUM CASTING & ENGINEERING LTD group structure

Precision Aluminium Casting & Engineering Ltd has no subsidiary companies.

Ultimate parent company

ENHANCED ENGINEERING GROUP LTD

11963443

1 parent

PRECISION ALUMINIUM CASTING & ENGINEERING LTD

01172026

PRECISION ALUMINIUM CASTING & ENGINEERING LTD Shareholders

enhanced engineering group limited

100%

Precision Aluminium Casting & Engineering Ltd currently has 4 directors. The longest serving directors include Mr Paul Booth (Aug 2016) and Ms Kate Davis (May 2021).

officer	country	age	start	end	role
Mr Paul Booth	England	54 years	Aug 2016	-	Director
Ms Kate Davis		43 years	May 2021	-	Director
Mr Leigh Smith	England	54 years	May 2021	-	Director
Mr Abhishek Singh	England	35 years	Apr 2023	-	Director

P&L

December 2023

turnover

+10%

operating profit

-49.8k

gross margin

14.9%

-18.53%

turnover

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

Balance Sheet

December 2023

net assets

492.9k

-0.25%

total assets

2.8m

+0.17%

cash

1.5k

-0.94%

net assets

Total assets minus all liabilities

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company number

01172026

Type

Private limited with Share Capital

industry

24540 - Casting of other non-ferrous metals

incorporation date

May 1974

ultimate parent company

ENHANCED ENGINEERING GROUP LTD

previous names

w h rowe limited (November 2022)

w.h. rowe & son limited (June 2005)

address

w h rowe ltd bond street, southampton, SO14 5QA

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 13 charges/mortgages relating to precision aluminium casting & engineering ltd. Currently there are 1 open charges and 12 have been satisfied in the past.

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.

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precision aluminium casting & engineering ltd Company Information

precision aluminium casting & engineering ltd Estimated Valuation

precision aluminium casting & engineering ltd Estimated Valuation

precision aluminium casting & engineering ltd Estimated Valuation

Precision Aluminium Casting & Engineering Ltd Overview

Precision Aluminium Casting & Engineering Ltd Health Check

PRECISION ALUMINIUM CASTING & ENGINEERING LTD financials

precision aluminium casting & engineering ltd Credit Report and Business Information

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precision aluminium casting & engineering ltd Ownership

precision aluminium casting & engineering ltd directors

precision aluminium casting & engineering ltd company details

precision aluminium casting & engineering ltd Charges & Mortgages

precision aluminium casting & engineering ltd Capital Raised & Share Issues BETA

precision aluminium casting & engineering ltd Companies House Filings - See Documents