Marine Engineering Pipeworks Limited

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marine engineering pipeworks limited Company Information

Live

MatureSmallHealthy

Company Number

01288264

Website

http://mepsun.com

Registered Address

leechmere industrial estate, grangetown, city of sunderland, tyne & wear, SR2 9TE

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01915211941

Next Accounts Due

July 2024

Group Structure

View All

Directors

Philip Harper33 Years

Gary Harper27 Years

Shareholders

philip harper 54.6%

gary harper 27.3%

View All

marine engineering pipeworks limited Estimated Valuation

£947.8k - £12m

The estimated valuation range for marine engineering pipeworks limited, derived from financial data as of October 2022 and the most recent industry multiples, is between £947.8k to £12m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Marine Engineering Pipeworks Limited AI Business Plan

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Marine Engineering Pipeworks Limited is a live company located in city of sunderland, SR2 9TE with a Companies House number of 01288264. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in November 1976, it's largest shareholder is philip harper with a 54.5% stake. Marine Engineering Pipeworks Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£11.4m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (1.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARINE ENGINEERING PIPEWORKS LIMITED group structure

Marine Engineering Pipeworks Limited has no subsidiary companies.

Ultimate parent company

MARINE ENGINEERING PIPEWORKS LIMITED

01288264

MARINE ENGINEERING PIPEWORKS LIMITED Shareholders

philip harper	54.55%
gary harper	27.27%
alan harper	9.16%
joyce harper	9.02%

Marine Engineering Pipeworks Limited currently has 2 directors. The longest serving directors include Mr Philip Harper (Mar 1991) and Mr Gary Harper (Feb 1997).

officer	country	age	start	end	role
Mr Philip Harper		64 years	Mar 1991	-	Director
Mr Gary Harper		58 years	Feb 1997	-	Director

EXPORT

Marine Engineering Pipeworks Limited's latest turnover from October 2022 is estimated at £4.3 million and the company has net assets of £6 million. According to their latest financial statements, Marine Engineering Pipeworks Limited has 8 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Apr 2011	Apr 2010
Turnover	4,267,314	3,372,087	3,521,633	3,410,575	3,548,312	3,678,859	3,321,475	5,921,715	6,275,617	7,531,525	7,601,127	5,145,944	7,543,090
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,979,422	2,398,206	2,461,218	2,395,624	2,497,680	2,541,469	2,281,141	4,022,586	4,376,007	5,230,449	5,315,410	3,556,910	5,184,064
Gross Profit	1,287,892	973,882	1,060,415	1,014,951	1,050,632	1,137,389	1,040,334	1,899,129	1,899,610	2,301,076	2,285,717	1,589,034	2,359,026
Admin Expenses	1,088,177	858,489	940,490	784,658	994,899	1,046,087	698,349	1,556,516	1,228,271	1,816,650	1,703,539	1,019,651	-1,568,360
Operating Profit	199,715	115,393	119,925	230,293	55,733	91,302	341,985	342,613	671,339	484,426	582,178	569,383	3,927,386
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	74,486	3,084	2,939	21,919	20,888	6,305	6,087	11,387	10,608	9,471	7,249	6,667	3,509
Pre-Tax Profit	274,201	118,478	122,864	252,212	76,621	97,606	348,073	354,000	681,947	493,896	589,428	576,050	3,930,894
Tax	-52,098	-22,511	-23,344	-47,920	-14,558	-18,545	-69,614	-70,800	-143,209	-113,596	-141,463	-149,773	-1,100,650
Profit After Tax	222,103	95,967	99,520	204,292	62,063	79,061	278,458	283,200	538,738	380,300	447,965	426,277	2,830,244
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	222,103	95,967	99,520	204,292	62,063	79,061	278,458	283,200	538,738	380,300	447,965	426,277	2,830,244
Employee Costs	289,593	282,087	284,328	280,107	304,415	396,543	394,537	1,527,364	1,720,221	1,951,197	1,934,566	1,360,067	2,112,366
Number Of Employees	8	8	8	8	9	12	12	48	55	62	63	46	73
EBITDA*	210,407	124,215	126,066	236,233	58,441	96,246	350,233	351,312	675,021	485,990	585,508	582,296	3,940,632

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Apr 2011	Apr 2010
Tangible Assets	23,870	34,562	24,659	23,881	29,821	2,806	7,751	15,999	24,698	3,130	4,694	5,130	16,555
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	332,038	341,813	367,851	314,918	297,865	320,515	636,846	300,000	300,000	300,000	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	355,908	376,375	392,510	338,799	327,686	323,321	644,597	315,999	324,698	303,130	4,694	5,130	16,555
Stock & work in progress	2,573,400	2,444,473	2,422,194	2,430,924	2,138,775	2,341,897	2,302,364	2,414,755	2,459,958	2,316,900	2,155,746	2,036,121	1,963,635
Trade Debtors	968,368	512,436	528,502	450,683	571,429	502,335	314,559	625,785	743,350	859,725	1,092,265	579,114	854,215
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	152,425	110,343	115,995	113,230	109,748	108,097	105,056	0	0	0	0	0	0
Cash	3,417,221	3,203,786	2,965,033	2,912,386	2,932,757	2,637,428	2,406,292	2,463,442	2,091,415	2,151,612	1,636,599	1,263,139	1,403,542
misc current assets	0	0	0	0	0	0	0	0	0	80,027	244,804	230,898	425,299
total current assets	7,111,414	6,271,038	6,031,724	5,907,223	5,752,709	5,589,757	5,128,271	5,503,982	5,294,723	5,408,264	5,129,414	4,109,272	4,646,691
total assets	7,467,322	6,647,413	6,424,234	6,246,022	6,080,395	5,913,078	5,772,868	5,819,981	5,619,421	5,711,394	5,134,108	4,114,402	4,663,246
Bank overdraft	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
Trade Creditors	489,991	275,726	310,605	302,114	263,939	282,472	109,804	826,732	909,372	1,540,083	1,343,097	771,356	1,746,477
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	969,555	573,599	393,012	322,827	398,662	279,838	391,357	0	0	0	0	0	0
total current liabilities	1,459,546	849,325	703,617	624,941	662,601	562,310	501,161	826,732	909,372	1,540,083	1,343,097	771,356	1,746,477
loans	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
Accruals and Deferred Income	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
provisions	5,318	7,958	3,974	3,958	4,963	0	0	0	0	0	0	0	0
total long term liabilities	5,318	7,958	3,974	3,958	4,963	0	0	0	0	0	0	0	0
total liabilities	1,464,864	857,283	707,591	628,899	667,564	562,310	501,161	826,732	909,372	1,540,083	1,343,097	771,356	1,746,477
net assets	6,002,458	5,790,130	5,716,643	5,617,123	5,412,831	5,350,768	5,271,707	4,993,249	4,710,049	4,171,311	3,791,011	3,343,046	2,916,769
total shareholders funds	6,002,458	5,790,130	5,716,643	5,617,123	5,412,831	5,350,768	5,271,707	4,993,249	4,710,049	4,171,311	3,791,011	3,343,046	2,916,769

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	199,715	115,393	119,925	230,293	55,733	91,302	341,985	342,613	671,339	484,426	582,178	569,383	3,927,386
Depreciation	10,692	8,822	6,141	5,940	2,708	4,944	8,248	8,699	3,682	1,564	3,330	12,913	13,246
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-52,098	-22,511	-23,344	-47,920	-14,558	-18,545	-69,614	-70,800	-143,209	-113,596	-141,463	-149,773	-1,100,650
Stock	128,927	22,279	-8,730	292,149	-203,122	39,533	-112,391	-45,203	143,058	161,154	119,625	72,486	1,963,635
Debtors	498,014	-21,718	80,584	-117,264	70,745	190,817	-206,170	-117,565	-116,375	-232,540	513,151	-275,101	854,215
Creditors	214,265	-34,879	8,491	38,175	-18,533	172,668	-716,928	-82,640	-630,711	196,986	571,741	-975,121	1,746,477
Accruals and Deferred Income	395,956	180,587	70,185	-75,835	118,824	-111,519	391,357	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,640	3,984	16	-1,005	4,963	0	0	0	0	0	0	0	0
Cash flow from operations	138,949	250,835	109,560	-25,237	281,514	-91,500	273,609	360,640	-125,582	640,766	383,010	-339,983	1,768,609
Investing Activities
capital expenditure	0	-18,725	-6,919	0	-29,723	1	0	0	-25,250	0	-2,894	-1,488	-29,801
Change in Investments	-9,775	-26,038	52,933	17,053	-22,650	-316,331	336,846	0	0	300,000	0	0	0
cash flow from investments	9,775	7,313	-59,852	-17,053	-7,073	316,332	-336,846	0	-25,250	-300,000	-2,894	-1,488	-29,801
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-9,775	-22,480	0	0	0	0	0	0	0	0	0	0	86,525
interest	74,486	3,084	2,939	21,919	20,888	6,305	6,087	11,387	10,608	9,471	7,249	6,667	3,509
cash flow from financing	64,711	-19,396	2,939	21,919	20,888	6,305	6,087	11,387	10,608	9,471	7,249	6,667	90,034
cash and cash equivalents
cash	213,435	238,753	52,647	-20,371	295,329	231,136	-57,150	372,027	-60,197	515,013	373,460	-140,403	1,403,542
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	213,435	238,753	52,647	-20,371	295,329	231,136	-57,150	372,027	-60,197	515,013	373,460	-140,403	1,403,542

P&L

October 2022

turnover

4.3m

+27%

operating profit

199.7k

gross margin

30.2%

+4.5%

turnover

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

Balance Sheet

October 2022

net assets

+0.04%

total assets

7.5m

+0.12%

cash

3.4m

+0.07%

net assets

Total assets minus all liabilities

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company number

01288264

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

November 1976

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

marine engineering pipeworks (leechmere) limited (December 1997)

sunderland marine pipework limited (December 1978)

incorporated

address

leechmere industrial estate, grangetown, city of sunderland, tyne & wear, SR2 9TE

last accounts submitted

October 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 9 charges/mortgages relating to marine engineering pipeworks limited. Currently there are 2 open charges and 7 have been satisfied in the past.

marine engineering pipeworks limited Company Information

marine engineering pipeworks limited Estimated Valuation

marine engineering pipeworks limited Estimated Valuation

marine engineering pipeworks limited Estimated Valuation

Marine Engineering Pipeworks Limited AI Business Plan

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