B.m.i. Engineering Limited

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b.m.i. engineering limited Company Information

Live

MatureSmallDeclining

Company Number

01221870

Website

www.bmi-engineering.co.uk

Registered Address

vernon road, halesowen, west midlands, B62 8HN

Industry

Manufacture of fasteners and screw machine products

Telephone

01215593406

Next Accounts Due

April 2025

Group Structure

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Directors

Poonam Vig1 Years

Ramesh Vig1 Years

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Shareholders

perfect sourcewell private limited 52.4%

romesh vig 23.8%

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b.m.i. engineering limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of B.M.I. ENGINEERING LIMITED at £1.9m based on a Turnover of £4.3m and 0.44x industry multiple (adjusted for size and gross margin).

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B.m.i. Engineering Limited is a live company located in west midlands, B62 8HN with a Companies House number of 01221870. It operates in the manufacture of fasteners and screw machine products sector, SIC Code 25940. Founded in August 1975, it's largest shareholder is perfect sourcewell private limited with a 52.4% stake. B.m.i. Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with declining growth in recent years.

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Pomanda's financial health check has awarded B.M.I. Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.4%)

EXPORT

B.M.I. Engineering Limited's latest turnover from July 2023 is estimated at £4.3 million and the company has net assets of -£88 thousand. According to their latest financial statements, B.M.I. Engineering Limited has 16 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	4,325,330	6,446,359	5,651,638	4,742,691	4,529,539	5,182,273	3,032,424	2,869,130	2,066,525	2,450,480	2,487,281	2,165,581	1,665,021	1,424,223	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,493,705	5,043,412	4,733,734	3,802,279	3,508,091	3,983,991	2,348,963	2,259,702	1,609,019	1,835,697	1,820,896	1,619,203	1,263,404	1,090,303	0
Gross Profit	831,625	1,402,947	917,903	940,413	1,021,448	1,198,282	683,461	609,428	457,506	614,783	666,384	546,378	401,617	333,920	0
Admin Expenses	1,122,548	1,685,343	902,567	1,297,752	950,784	1,164,709	618,935	364,934	528,774	517,444	499,934	499,008	244,178	250,450	-200,111
Operating Profit	-290,923	-282,396	15,336	-357,339	70,664	33,573	64,526	244,494	-71,268	97,339	166,450	47,370	157,439	83,470	200,111
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	63	91	274	1,038	1,721	1,480	1,375	1,438	1,373	668
Pre-Tax Profit	-290,923	-282,396	15,336	-357,339	70,664	33,636	64,617	244,768	-70,230	99,059	167,930	48,745	158,877	84,843	200,779
Tax	0	0	-2,914	0	-13,426	-6,391	-12,277	-48,953	0	-20,802	-38,624	-11,699	-41,308	-23,756	-56,218
Profit After Tax	-290,923	-282,396	12,422	-357,339	57,238	27,245	52,340	195,814	-70,230	78,257	129,306	37,046	117,569	61,087	144,561
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-290,923	-282,396	12,422	-357,339	57,238	27,245	52,340	195,814	-70,230	78,257	129,306	37,046	117,569	61,087	144,561
Employee Costs	632,076	683,135	713,615	909,354	941,139	963,425	551,139	557,687	349,803	404,778	437,862	380,045	346,495	294,525	0
Number Of Employees	16	19	21	27	28	30	18	18	12	14	15	13	12	11	0
EBITDA*	-290,923	-282,396	15,336	-357,339	70,664	33,573	168,037	355,625	40,834	191,554	251,847	89,479	191,564	108,122	221,942

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	511,356	539,101	569,372	589,259	691,329	760,898	881,138	934,558	925,025	494,410	465,523	225,577	189,551	137,153	120,516
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	511,356	539,101	569,372	589,259	691,329	760,898	881,138	934,558	925,025	494,410	465,523	225,577	189,551	137,153	120,516
Stock & work in progress	0	0	0	0	0	0	233,927	231,532	155,127	106,051	104,982	132,308	104,556	150,083	147,067
Trade Debtors	1,130,898	1,710,046	1,484,143	1,051,286	1,210,486	1,136,356	834,635	709,889	560,590	714,200	736,524	606,918	440,922	294,262	251,896
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	25,008	47,883	61,583	353,549	334,789	257,011	293,056	282,225	267,168
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,130,898	1,710,046	1,484,143	1,051,286	1,210,486	1,136,356	1,093,570	989,304	777,300	1,173,800	1,176,295	996,237	838,534	726,570	666,131
total assets	1,642,254	2,249,147	2,053,515	1,640,545	1,901,815	1,897,254	1,974,708	1,923,862	1,702,325	1,668,210	1,641,818	1,221,814	1,028,085	863,723	786,647
Bank overdraft	0	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	0
Trade Creditors	1,161,456	2,017,800	1,519,974	1,117,651	952,754	974,558	1,009,307	915,279	590,641	961,571	986,791	814,247	704,768	657,975	636,053
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,161,456	2,017,800	1,519,974	1,117,651	952,754	974,558	1,009,307	915,279	590,641	961,571	986,791	814,247	704,768	657,975	636,053
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	568,801	28,427	48,225	50,000	84,660	129,460	206,210	301,462	571,314	75,492	104,498	6,892	0	0	5,933
provisions	0	0	0	0	34,168	20,241	13,341	13,611	42,674	63,221	60,860	40,312	0	0	0
total long term liabilities	568,801	28,427	48,225	50,000	118,828	149,701	219,551	315,073	613,988	138,713	165,358	47,204	0	0	5,933
total liabilities	1,730,257	2,046,227	1,568,199	1,167,651	1,071,582	1,124,259	1,228,858	1,230,352	1,204,629	1,100,284	1,152,149	861,451	704,768	657,975	641,986
net assets	-88,003	202,920	485,316	472,894	830,233	772,995	745,850	693,510	497,696	567,926	489,669	360,363	323,317	205,748	144,661
total shareholders funds	-88,003	202,920	485,316	472,894	830,233	772,995	745,850	693,510	497,696	567,926	489,669	360,363	323,317	205,748	144,661

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-290,923	-282,396	15,336	-357,339	70,664	33,573	64,526	244,494	-71,268	97,339	166,450	47,370	157,439	83,470	200,111
Depreciation	0	0	0	0	0	0	103,511	111,131	112,102	94,215	85,397	42,109	34,125	24,652	21,831
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-2,914	0	-13,426	-6,391	-12,277	-48,953	0	-20,802	-38,624	-11,699	-41,308	-23,756	-56,218
Stock	0	0	0	0	0	-233,927	2,395	76,405	49,076	1,069	-27,326	27,752	-45,527	3,016	147,067
Debtors	-579,148	225,903	432,857	-159,200	74,130	301,721	124,746	149,299	-153,610	-22,324	129,606	165,996	146,660	42,366	251,896
Creditors	-856,344	497,826	402,323	164,897	-21,804	-34,749	94,028	324,638	-370,930	-25,220	172,544	109,479	46,793	21,922	636,053
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-34,168	13,927	6,900	-270	-29,063	-20,547	2,361	20,548	40,312	0	0	0
Cash flow from operations	-568,119	-10,473	-18,112	-67,410	-24,769	-68,461	122,377	376,543	-246,109	169,148	304,035	33,823	95,916	60,906	402,814
Investing Activities
capital expenditure	27,745	30,271	19,887	102,070	69,569	120,240	-50,091	-120,664	-542,717	-123,102	-325,343	-78,135	-86,523	-41,289	-142,347
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	27,745	30,271	19,887	102,070	69,569	120,240	-50,091	-120,664	-542,717	-123,102	-325,343	-78,135	-86,523	-41,289	-142,347
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	540,374	-19,798	-1,775	-34,660	-44,800	-76,750	-95,252	-269,852	495,822	-29,006	97,606	6,892	0	-5,933	5,933
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	63	91	274	1,038	1,721	1,480	1,375	1,438	1,373	668
cash flow from financing	540,374	-19,798	-1,775	-34,660	-44,800	-76,787	-95,161	-269,578	496,860	-27,285	99,086	8,267	1,438	-4,560	6,701
cash and cash equivalents
cash	0	0	0	0	0	-25,008	-22,875	-13,700	-291,966	18,760	77,778	-36,045	10,831	15,057	267,168
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-25,008	-22,875	-13,700	-291,966	18,760	77,778	-36,045	10,831	15,057	267,168

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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B.M.I. ENGINEERING LIMITED group structure

B.M.I. Engineering Limited has 1 subsidiary company.

Ultimate parent company

B.M.I. HOLDINGS LIMITED

03057167

BLACKHEATH METAL INDUSTRIES LIMITED

01034904

2 parents

B.M.I. ENGINEERING LIMITED

01221870

1 subsidiary

BMI SUPPLIES LTD

11568423

B.M.I. ENGINEERING LIMITED Shareholders

perfect sourcewell private limited	52.38%
romesh vig	23.81%
karan vig	23.81%

B.M.I. Engineering Limited currently has 3 directors. The longest serving directors include Mrs Poonam Vig (Feb 2023) and Mr Ramesh Vig (Feb 2023).

officer	age	start	end	role
Mrs Poonam Vig	71 years	Feb 2023	-	Director
Mr Ramesh Vig	78 years	Feb 2023	-	Director
Mr Karan Vig	44 years	Feb 2023	-	Director

P&L

July 2023

turnover

4.3m

-33%

operating profit

-290.9k

gross margin

19.3%

-11.66%

turnover

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

Balance Sheet

July 2023

net assets

-88k

-1.43%

total assets

1.6m

-0.27%

cash

net assets

Total assets minus all liabilities

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4.5

company number

01221870

Type

Private limited with Share Capital

industry

25940 - Manufacture of fasteners and screw machine products

incorporation date

August 1975

ultimate parent company

B.M.I. HOLDINGS LIMITED

previous names

N/A

address

vernon road, halesowen, west midlands, B62 8HN

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 b.m.i. engineering limited. Currently there are 1 open charges and 2 have been satisfied in the past.

b.m.i. engineering limited Company Information

b.m.i. engineering limited Estimated Valuation

b.m.i. engineering limited Estimated Valuation

b.m.i. engineering limited Estimated Valuation

B.m.i. Engineering Limited Overview

B.m.i. Engineering Limited Health Check

B.M.I. ENGINEERING LIMITED financials

b.m.i. engineering limited Credit Report and Business Information

B.m.i. Engineering Limited Competitor Analysis

b.m.i. engineering limited Ownership

b.m.i. engineering limited directors

b.m.i. engineering limited company details

b.m.i. engineering limited Charges & Mortgages

b.m.i. engineering limited Companies House Filings - See Documents