Winfield Engineering Limited

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winfield engineering limited Company Information

Live

MatureMidHealthy

Company Number

01188208

Website

www.winfieldengineering.com

Registered Address

3 castlegate, grantham, lincolnshire, NG31 6SF

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

01706879829

Next Accounts Due

January 2025

Group Structure

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Directors

Simon Winfield32 Years

Sylvia Winfield32 Years

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Shareholders

simon peter winfield 42%

tracy kay winfield 36.5%

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winfield engineering limited Estimated Valuation

£1.5m - £4.4m

The estimated valuation range for winfield engineering limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £1.5m to £4.4m

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Winfield Engineering Limited AI Business Plan

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Winfield Engineering Limited is a live company located in lincolnshire, NG31 6SF with a Companies House number of 01188208. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in October 1974, it's largest shareholder is simon peter winfield with a 42% stake. Winfield Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Winfield Engineering Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £6.2m, make it smaller than the average company (£25m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WINFIELD ENGINEERING LIMITED group structure

Winfield Engineering Limited has 1 subsidiary company.

Ultimate parent company

WINFIELD ENGINEERING LIMITED

01188208

1 subsidiary

RED RHINO CRUSHERS (UK) LIMITED

06853511

WINFIELD ENGINEERING LIMITED Shareholders

simon peter winfield	42%
tracy kay winfield	36.5%
mr simon peter winfield & andrew clive severn & mrs tracey kay winfield	16%
sylvia winfield	5.5%

Winfield Engineering Limited currently has 4 directors. The longest serving directors include Mr Simon Winfield (Jul 1991) and Mrs Sylvia Winfield (Jul 1991).

officer	country	age	start	end	role
Mr Simon Winfield	England	62 years	Jul 1991	-	Director
Mrs Sylvia Winfield	England	82 years	Jul 1991	-	Director
Mrs Laura Winfield-Dingley	England	34 years	Mar 2018	-	Director
Mr Job Winfield	England	31 years	Mar 2018	-	Director

EXPORT

Winfield Engineering Limited's latest turnover from April 2023 is estimated at £6.2 million and the company has net assets of £4.1 million. According to their latest financial statements, Winfield Engineering Limited has 38 employees and maintains cash reserves of £738.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	6,179,957	5,589,460	3,580,192	4,415,623	5,882,022	4,477,837	3,733,848	3,084,101	4,433,813	4,287,899	3,651,973	3,305,557	2,991,685	2,886,049
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,192,855	4,550,913	2,933,584	3,575,480	4,823,978	3,651,962	2,826,066	2,548,505	3,756,283	3,593,208	3,006,071	2,697,326	2,417,561	2,223,299
Gross Profit	987,102	1,038,547	646,609	840,143	1,058,044	825,875	907,782	535,596	677,530	694,690	645,902	608,231	574,125	662,750
Admin Expenses	556,367	-143,747	574,208	364,896	599,920	315,087	804,118	338,444	427,540	534,203	603,259	591,745	411,023	-567,288
Operating Profit	430,735	1,182,294	72,401	475,247	458,124	510,788	103,664	197,152	249,990	160,487	42,643	16,486	163,102	1,230,038
Interest Payable	2,714	4,801	6,995	9,568	13,338	15,425	17,254	11,376	4,730	2,948	0	0	0	0
Interest Receivable	19,263	2,723	563	438	3,383	2,278	589	1,004	1,143	529	4	3	3	1
Pre-Tax Profit	447,284	1,180,216	65,969	466,117	448,169	497,641	86,999	186,780	246,403	158,068	42,647	16,489	163,104	1,230,039
Tax	-111,821	-224,241	-12,534	-88,562	-85,152	-94,552	-16,530	-37,356	-49,280	-33,194	-9,809	-3,957	-42,407	-344,411
Profit After Tax	335,463	955,975	53,435	377,555	363,017	403,089	70,469	149,424	197,122	124,874	32,838	12,532	120,697	885,628
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	335,463	955,975	53,435	377,555	363,017	403,089	70,469	149,424	197,122	124,874	32,838	12,532	120,697	885,628
Employee Costs	1,777,927	1,439,232	1,370,877	1,873,612	1,650,287	1,883,492	1,297,178	1,365,558	723,311	573,949	503,567	385,177	395,303	475,970
Number Of Employees	38	34	36	47	42	51	37	37	21	17	15	12	12	16
EBITDA*	581,301	1,355,055	260,842	599,785	610,097	645,186	222,828	366,024	465,847	280,530	144,376	91,995	246,231	1,323,801

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,712,906	1,763,005	1,776,208	1,565,396	1,614,857	1,510,793	1,427,497	1,245,999	1,404,626	1,155,226	861,315	439,853	475,835	540,603
Intangible Assets	6,132	8,176	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	147,136	421,554	414,070	433,601
Total Fixed Assets	1,719,138	1,771,281	1,776,308	1,565,496	1,614,957	1,510,893	1,427,597	1,246,099	1,404,726	1,155,326	1,008,551	861,507	890,005	974,304
Stock & work in progress	232,815	88,952	85,954	72,747	39,614	14,605	5,000	8,300	26,277	28,900	44,989	85,781	40,817	33,382
Trade Debtors	1,201,352	1,289,217	836,613	996,058	1,544,283	958,048	1,061,148	704,672	1,180,687	1,066,529	935,009	854,500	820,969	589,569
Group Debtors	944,080	1,317,282	151,977	259,670	20,906	20,945	77,010	574,961	0	0	0	0	0	0
Misc Debtors	351,838	539,018	512,065	241,721	287,929	218,516	66,184	25,277	0	0	0	0	0	0
Cash	738,640	167,831	558,387	568,022	307,349	594,839	316,170	155,133	246,392	210,699	1,026	655	617	386
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,468,725	3,402,300	2,144,996	2,138,218	2,200,081	1,806,953	1,525,512	1,468,343	1,453,356	1,306,128	981,024	940,936	862,403	623,337
total assets	5,187,863	5,173,581	3,921,304	3,703,714	3,815,038	3,317,846	2,953,109	2,714,442	2,858,082	2,461,454	1,989,575	1,802,443	1,752,408	1,597,641
Bank overdraft	3,865	45,960	45,960	0	0	46,000	46,000	46,218	0	0	0	0	0	0
Bank loan	0	0	0	46,358	46,000	0	0	0	0	0	0	0	0	0
Trade Creditors	562,130	811,993	419,387	443,350	755,374	554,820	533,901	203,162	810,273	883,240	841,470	731,619	684,961	648,575
Group/Directors Accounts	108,611	29,263	64,718	71,131	19,250	35,944	61,334	112,196	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	80,680	82,454	82,656	40,532	73,191	107,537	89,841	88,281	0	0	0	0	0	0
other current liabilities	166,519	172,685	153,609	178,875	278,733	261,498	253,101	222,296	0	0	0	0	0	0
total current liabilities	921,805	1,142,355	766,330	780,246	1,172,548	1,005,799	984,177	672,153	810,273	883,240	841,470	731,619	684,961	648,575
loans	0	3,124	47,213	89,811	131,532	171,682	210,929	248,982	54,833	90,704	0	0	0	0
hp & lease commitments	97,126	177,806	210,603	27,095	67,628	73,979	97,026	186,867	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	506,238	252,181	50,982	1,514	4,930	1,048
provisions	85,814	102,641	105,478	68,317	82,640	68,713	66,393	82,325	112,047	57,760	44,428	49,453	55,192	61,390
total long term liabilities	182,940	283,571	363,294	185,223	281,800	314,374	374,348	518,174	673,118	400,645	95,410	50,967	60,122	62,438
total liabilities	1,104,745	1,425,926	1,129,624	965,469	1,454,348	1,320,173	1,358,525	1,190,327	1,483,391	1,283,885	936,880	782,586	745,083	711,013
net assets	4,083,118	3,747,655	2,791,680	2,738,245	2,360,690	1,997,673	1,594,584	1,524,115	1,374,691	1,177,569	1,052,695	1,019,857	1,007,325	886,628
total shareholders funds	4,083,118	3,747,655	2,791,680	2,738,245	2,360,690	1,997,673	1,594,584	1,524,115	1,374,691	1,177,569	1,052,695	1,019,857	1,007,325	886,628

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	430,735	1,182,294	72,401	475,247	458,124	510,788	103,664	197,152	249,990	160,487	42,643	16,486	163,102	1,230,038
Depreciation	148,522	170,717	188,441	124,538	151,973	134,398	119,164	168,872	215,857	120,043	101,733	75,509	83,129	93,763
Amortisation	2,044	2,044	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-111,821	-224,241	-12,534	-88,562	-85,152	-94,552	-16,530	-37,356	-49,280	-33,194	-9,809	-3,957	-42,407	-344,411
Stock	143,863	2,998	13,207	33,133	25,009	9,605	-3,300	-17,977	-2,623	-16,089	-40,792	44,964	7,435	33,382
Debtors	-648,247	1,644,862	3,206	-355,669	655,609	-6,833	-100,568	124,223	114,158	-15,616	-193,909	41,015	211,869	1,023,170
Creditors	-249,863	392,606	-23,963	-312,024	200,554	20,919	330,739	-607,111	-72,967	41,770	109,851	46,658	36,386	648,575
Accruals and Deferred Income	-6,166	19,076	-25,266	-99,858	17,235	8,397	30,805	222,296	0	0	0	0	0	0
Deferred Taxes & Provisions	-16,827	-2,837	37,161	-14,323	13,927	2,320	-15,932	-29,722	54,287	13,332	-5,025	-5,739	-6,198	61,390
Cash flow from operations	701,008	-108,201	219,827	407,554	76,043	579,498	655,778	-192,115	286,352	334,143	474,094	42,978	14,708	632,803
Investing Activities
capital expenditure	-98,423	-167,734	-399,253	-75,077	-256,037	-217,694	-300,662	-10,245	-465,257	-413,954	-523,195	-39,527	-18,361	-634,366
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	100
cash flow from investments	-98,423	-167,734	-399,253	-75,077	-256,037	-217,694	-300,662	-10,245	-465,257	-413,954	-523,195	-39,527	-18,361	-634,466
Financing Activities
Bank loans	0	0	-46,358	358	46,000	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	79,348	-35,455	-6,413	51,881	-16,694	-25,390	-50,862	112,196	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	-3,124	-44,089	-42,598	-41,721	-40,150	-39,247	-38,053	194,149	-35,871	90,704	0	0	0	0
Hire Purchase and Lease Commitments	-82,454	-32,999	225,632	-73,192	-40,697	-5,351	-88,281	275,148	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-506,238	254,057	201,199	49,468	-3,416	3,882	1,048
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	16,549	-2,078	-6,432	-9,130	-9,955	-13,147	-16,665	-10,372	-3,587	-2,419	4	3	3	1
cash flow from financing	10,319	-114,621	123,831	-71,804	-61,496	-83,135	-193,861	64,883	214,599	289,484	49,472	-3,413	3,885	2,049
cash and cash equivalents
cash	570,809	-390,556	-9,635	260,673	-287,490	278,669	161,037	-91,259	35,693	209,673	371	38	231	386
overdraft	-42,095	0	45,960	0	-46,000	0	-218	46,218	0	0	0	0	0	0
change in cash	612,904	-390,556	-55,595	260,673	-241,490	278,669	161,255	-137,477	35,693	209,673	371	38	231	386

P&L

April 2023

turnover

6.2m

+11%

operating profit

430.7k

gross margin

16%

-14.04%

turnover

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

Balance Sheet

April 2023

net assets

4.1m

+0.09%

total assets

5.2m

cash

738.6k

+3.4%

net assets

Total assets minus all liabilities

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company number

01188208

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

October 1974

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

winfield & mccormack limited (December 1981)

incorporated

address

3 castlegate, grantham, lincolnshire, NG31 6SF

last accounts submitted

April 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 3 charges/mortgages relating to winfield engineering limited. Currently there are 2 open charges and 1 have been satisfied in the past.

winfield engineering limited Company Information

winfield engineering limited Estimated Valuation

winfield engineering limited Estimated Valuation

winfield engineering limited Estimated Valuation

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