Beta Power Engineering Limited

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beta power engineering limited Company Information

Live

MatureSmallHealthy

Company Number

01185900

Website

www.beta-power.co.uk

Registered Address

precision works discovery park, crossley road, stockport, SK4 5BN

Industry

Machining

Telephone

01614329995

Next Accounts Due

September 2024

Group Structure

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Directors

Andrew Brown16 Years

Gaynor Brown9 Years

Shareholders

trustees of the geoffrey brown discretionary settlement 2018 54.8%

trustees of the janice margaret brown discretionary will trust 34.8%

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beta power engineering limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of BETA POWER ENGINEERING LIMITED at £2.5m based on Net Assets of £1.4m and 1.84x industry multiple (adjusted for liquidity).

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Beta Power Engineering Limited is a live company located in stockport, SK4 5BN with a Companies House number of 01185900. It operates in the machining sector, SIC Code 25620. Founded in October 1974, it's largest shareholder is trustees of the geoffrey brown discretionary settlement 2018 with a 54.8% stake. Beta Power Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.9m, make it smaller than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (-1.7%)

EXPORT

Beta Power Engineering Limited's latest turnover from December 2022 is estimated at £3.9 million and the company has net assets of £1.4 million. According to their latest financial statements, Beta Power Engineering Limited has 15 employees and maintains cash reserves of £731 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	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Oct 2009
Turnover	3,924,247	3,045,173	2,760,340	2,807,876	3,047,240	2,877,064	2,739,556	2,745,022	2,798,910	2,675,278	2,765,982	2,317,652	2,143,261	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,827,842	2,206,204	1,990,827	2,001,631	2,164,212	2,012,532	1,919,786	1,936,726	1,959,974	1,865,738	1,913,706	1,627,450	1,479,664	0
Gross Profit	1,096,404	838,968	769,513	806,245	883,028	864,532	819,770	808,296	838,936	809,540	852,276	690,202	663,597	0
Admin Expenses	1,361,470	492,661	433,909	609,954	1,028,395	827,324	665,919	568,604	657,472	649,317	746,802	636,711	91,297	-550,648
Operating Profit	-265,066	346,307	335,604	196,291	-145,367	37,208	153,851	239,692	181,464	160,223	105,474	53,491	572,300	550,648
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	29,650	2,256	701	3,908	3,511	2,251	1,084	1,915	2,102	1,482	1,237	1,650	1,034	813
Pre-Tax Profit	-235,416	348,563	336,305	200,199	-141,856	39,459	154,935	241,606	183,566	161,705	106,712	55,141	573,333	551,461
Tax	0	-66,227	-63,898	-38,038	0	-7,497	-30,987	-48,321	-38,549	-37,192	-25,611	-14,337	-160,533	-154,409
Profit After Tax	-235,416	282,336	272,407	162,161	-141,856	31,962	123,948	193,285	145,017	124,513	81,101	40,804	412,800	397,052
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-235,416	282,336	272,407	162,161	-141,856	31,962	123,948	193,285	145,017	124,513	81,101	40,804	412,800	397,052
Employee Costs	637,584	812,755	883,638	785,114	1,029,398	736,546	712,151	705,971	891,792	852,756	878,059	665,624	653,174	0
Number Of Employees	15	20	22	20	28	20	20	20	26	25	25	20	20	0
EBITDA*	-212,140	384,486	370,697	231,552	-123,507	37,208	177,687	263,461	206,298	181,448	128,848	88,835	594,818	566,470

* 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	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Oct 2009
Tangible Assets	153,760	105,570	127,307	123,593	61,613	44,523	28,097	51,933	64,425	56,558	54,207	65,546	80,810	77,985
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	153,760	105,570	127,307	123,593	61,613	44,523	28,097	51,933	64,425	56,558	54,207	65,546	80,810	77,985
Stock & work in progress	343,469	338,924	360,756	299,746	270,392	292,321	240,778	237,338	170,718	216,594	215,128	219,632	142,370	56,013
Trade Debtors	1,202,992	868,664	654,518	725,964	786,078	776,289	729,463	667,742	641,447	602,198	607,832	530,067	456,280	338,097
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,920	20,479	15,197	15,565	60,884	34,054	26,375	44,698	0	0	0	0	0	0
Cash	730,994	963,286	841,499	560,610	481,432	454,936	445,414	421,467	496,546	344,343	248,461	246,480	413,517	325,148
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,282,375	2,191,353	1,871,970	1,601,885	1,598,786	1,557,600	1,442,030	1,371,245	1,308,711	1,163,135	1,071,421	996,179	1,012,167	719,258
total assets	2,436,135	2,296,923	1,999,277	1,725,478	1,660,399	1,602,123	1,470,127	1,423,178	1,373,136	1,219,693	1,125,628	1,061,725	1,092,977	797,243
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	700,101	371,850	319,175	405,190	411,529	479,396	375,252	444,718	555,780	551,267	579,268	585,309	605,211	379,468
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	358,718	317,227	353,475	276,200	363,848	105,474	111,531	115,062	0	0	0	0	0	0
total current liabilities	1,058,819	689,077	672,650	681,390	775,377	584,870	486,783	559,780	555,780	551,267	579,268	585,309	605,211	379,468
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	700	5,350	0	0	0	0	0	5,499	16,399	66,667	12,544
provisions	25,439	19,203	20,320	9,488	7,933	3,658	1,711	5,713	7,939	4,026	974	1,231	3,117	2,997
total long term liabilities	25,439	19,203	20,320	10,188	13,283	3,658	1,711	5,713	7,939	4,026	6,473	17,630	69,784	15,541
total liabilities	1,084,258	708,280	692,970	691,578	788,660	588,528	488,494	565,493	563,719	555,293	585,741	602,939	674,995	395,009
net assets	1,351,877	1,588,643	1,306,307	1,033,900	871,739	1,013,595	981,633	857,685	809,417	664,400	539,887	458,786	417,982	402,234
total shareholders funds	1,351,877	1,588,643	1,306,307	1,033,900	871,739	1,013,595	981,633	857,685	809,417	664,400	539,887	458,786	417,982	402,234

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Oct 2009
Operating Activities
Operating Profit	-265,066	346,307	335,604	196,291	-145,367	37,208	153,851	239,692	181,464	160,223	105,474	53,491	572,300	550,648
Depreciation	52,926	38,179	35,093	35,261	21,860	0	23,836	23,769	24,834	21,225	23,374	35,344	22,518	15,822
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-66,227	-63,898	-38,038	0	-7,497	-30,987	-48,321	-38,549	-37,192	-25,611	-14,337	-160,533	-154,409
Stock	4,545	-21,832	61,010	29,354	-21,929	51,543	3,440	20,744	-45,876	1,466	-4,504	77,262	142,370	56,013
Debtors	318,769	219,428	-71,814	-105,433	36,619	54,505	43,398	110,242	39,249	-5,634	77,765	73,787	456,280	338,097
Creditors	328,251	52,675	-86,015	-6,339	-67,867	104,144	-69,466	-106,549	4,513	-28,001	-6,041	-19,902	605,211	379,468
Accruals and Deferred Income	41,491	-36,248	77,275	-87,648	258,374	-6,057	-3,531	115,062	0	0	0	0	0	0
Deferred Taxes & Provisions	6,236	-1,117	10,832	1,555	4,275	1,947	-4,002	1,687	3,913	3,052	-257	-1,886	3,117	2,997
Cash flow from operations	-159,476	135,973	319,695	177,161	56,585	23,697	22,863	94,354	182,802	123,475	23,678	-98,339	443,963	400,416
Investing Activities
capital expenditure	-101,116	-16,442	-38,807	-97,241	-38,950	-16,426	0	-19,144	-32,701	-23,576	-12,035	-20,080	-103,328	-93,807
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-101,116	-16,442	-38,807	-97,241	-38,950	-16,426	0	-19,144	-32,701	-23,576	-12,035	-20,080	-103,328	-93,807
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	-700	-4,650	5,350	0	0	0	0	-5,499	-10,900	-50,268	66,667	12,544
share issue	-1,350	0	0	0	0	0	0	0	0	0	0	0	5,182	5,182
interest	29,650	2,256	701	3,908	3,511	2,251	1,084	1,915	2,102	1,482	1,237	1,650	1,034	813
cash flow from financing	28,300	2,256	1	-742	8,861	2,251	1,084	1,915	2,102	-4,017	-9,663	-48,618	72,883	18,539
cash and cash equivalents
cash	-232,292	121,787	280,889	79,178	26,496	9,522	23,947	77,124	152,203	95,882	1,981	-167,037	413,517	325,148
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-232,292	121,787	280,889	79,178	26,496	9,522	23,947	77,124	152,203	95,882	1,981	-167,037	413,517	325,148

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BETA POWER ENGINEERING LIMITED group structure

Beta Power Engineering Limited has no subsidiary companies.

Ultimate parent company

BETA POWER ENGINEERING LIMITED

01185900

BETA POWER ENGINEERING LIMITED Shareholders

trustees of the geoffrey brown discretionary settlement 2018	54.8%
trustees of the janice margaret brown discretionary will trust	34.76%
a.g. brown	9.16%
gaynor brown	1.28%

Beta Power Engineering Limited currently has 2 directors. The longest serving directors include Mr Andrew Brown (Aug 2007) and Ms Gaynor Brown (Jul 2014).

officer	country	age	start	end	role
Mr Andrew Brown	England	49 years	Aug 2007	-	Director
Ms Gaynor Brown	England	50 years	Jul 2014	-	Director

P&L

December 2022

turnover

3.9m

+29%

operating profit

-265.1k

gross margin

28%

+1.41%

turnover

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

Balance Sheet

December 2022

net assets

1.4m

-0.15%

total assets

2.4m

+0.06%

cash

731k

-0.24%

net assets

Total assets minus all liabilities

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company number

01185900

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

October 1974

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

beta bearings limited (February 1992)

incorporated

address

precision works discovery park, crossley road, stockport, SK4 5BN

last accounts submitted

December 2022

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 2 charges/mortgages relating to beta power engineering limited. Currently there are 1 open charges and 1 have been satisfied in the past.

beta power engineering limited Company Information

beta power engineering limited Estimated Valuation

beta power engineering limited Estimated Valuation

beta power engineering limited Estimated Valuation

Beta Power Engineering Limited Overview

Beta Power Engineering Limited Health Check

BETA POWER ENGINEERING LIMITED financials

beta power engineering limited Credit Report and Business Information

Beta Power Engineering Limited Competitor Analysis

beta power engineering limited Ownership

beta power engineering limited directors

beta power engineering limited company details

beta power engineering limited Charges & Mortgages

beta power engineering limited Companies House Filings - See Documents