t.e.l. engineering limited Company Information
Company Number
01341280
Registered Address
unit 2 levens road, hazel grove, stockport, cheshire, SK7 5DL
Industry
Machining
Manufacture of other special-purpose machinery n.e.c.
Telephone
01614566545
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
t e l holdings limited 95%
andrew robert dawson 5%
t.e.l. engineering limited Estimated Valuation
Pomanda estimates the enterprise value of T.E.L. ENGINEERING LIMITED at £1.5m based on a Turnover of £3m and 0.5x industry multiple (adjusted for size and gross margin).
t.e.l. engineering limited Estimated Valuation
Pomanda estimates the enterprise value of T.E.L. ENGINEERING LIMITED at £362.4k based on an EBITDA of £88.1k and a 4.11x industry multiple (adjusted for size and gross margin).
t.e.l. engineering limited Estimated Valuation
Pomanda estimates the enterprise value of T.E.L. ENGINEERING LIMITED at £992.6k based on Net Assets of £527.7k and 1.88x industry multiple (adjusted for liquidity).
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T.e.l. Engineering Limited Overview
T.e.l. Engineering Limited is a live company located in stockport, SK7 5DL with a Companies House number of 01341280. It operates in the machining sector, SIC Code 25620. Founded in November 1977, it's largest shareholder is t e l holdings limited with a 95% stake. T.e.l. Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with high growth in recent years.
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T.e.l. Engineering Limited Health Check
Pomanda's financial health check has awarded T.E.L. Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £3m, make it smaller than the average company (£10.6m)
- T.e.l. Engineering Limited
£10.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (3.2%)
- T.e.l. Engineering Limited
3.2% - Industry AVG
Production
with a gross margin of 29.8%, this company has a comparable cost of product (29.8%)
- T.e.l. Engineering Limited
29.8% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (6.9%)
- T.e.l. Engineering Limited
6.9% - Industry AVG
Employees
with 25 employees, this is below the industry average (70)
25 - T.e.l. Engineering Limited
70 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- T.e.l. Engineering Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £121.9k, this is less efficient (£157.6k)
- T.e.l. Engineering Limited
£157.6k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (61 days)
- T.e.l. Engineering Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (48 days)
- T.e.l. Engineering Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (81 days)
- T.e.l. Engineering Limited
81 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (12 weeks)
23 weeks - T.e.l. Engineering Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a higher level of debt than the average (47.8%)
77.8% - T.e.l. Engineering Limited
47.8% - Industry AVG
T.E.L. ENGINEERING LIMITED financials
T.E.L. Engineering Limited's latest turnover from November 2023 is estimated at £3 million and the company has net assets of £527.7 thousand. According to their latest financial statements, T.E.L. Engineering Limited has 25 employees and maintains cash reserves of £714.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 25 | 27 | 25 | 23 | 23 | 24 | 24 | 28 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 581,246 | 285,739 | 227,487 | 180,703 | 211,800 | 134,661 | 137,306 | 150,490 | 632,182 | 676,309 | 676,800 | 127,110 | 134,313 | 126,954 | 149,479 |
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 | 581,246 | 285,739 | 227,487 | 180,703 | 211,800 | 134,661 | 137,306 | 150,490 | 632,182 | 676,309 | 676,800 | 127,110 | 134,313 | 126,954 | 149,479 |
Stock & work in progress | 71,000 | 71,782 | 68,433 | 56,540 | 58,483 | 59,929 | 59,929 | 60,345 | 60,743 | 60,181 | 62,384 | 61,303 | 47,591 | 111,780 | 85,656 |
Trade Debtors | 709,165 | 872,181 | 349,146 | 329,901 | 420,663 | 209,659 | 223,696 | 188,751 | 250,736 | 699,387 | 639,986 | 681,914 | 334,847 | 274,061 | 272,464 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 298,004 | 248,967 | 409,579 | 206,530 | 74,557 | 69,980 | 120,329 | 27,162 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 714,525 | 599,412 | 784,305 | 630,283 | 288,127 | 340,850 | 318,931 | 278,709 | 760,265 | 652,662 | 706,543 | 926,369 | 868,837 | 594,676 | 679,311 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,792,694 | 1,792,342 | 1,611,463 | 1,223,254 | 841,830 | 680,418 | 722,885 | 554,967 | 1,071,744 | 1,412,230 | 1,408,913 | 1,669,586 | 1,251,275 | 980,517 | 1,037,431 |
total assets | 2,373,940 | 2,078,081 | 1,838,950 | 1,403,957 | 1,053,630 | 815,079 | 860,191 | 705,457 | 1,703,926 | 2,088,539 | 2,085,713 | 1,796,696 | 1,385,588 | 1,107,471 | 1,186,910 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 10,128 | 9,872 | 9,617 | 4,713 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 373,719 | 201,167 | 302,432 | 218,749 | 197,468 | 157,520 | 165,078 | 117,770 | 385,525 | 657,807 | 706,754 | 717,439 | 421,341 | 267,125 | 369,709 |
Group/Directors Accounts | 345,545 | 181,226 | 147,427 | 126,682 | 179,340 | 73,896 | 119,855 | 42,266 | 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 | 843,338 | 1,109,022 | 866,892 | 585,491 | 266,170 | 197,508 | 148,206 | 83,121 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,572,730 | 1,501,287 | 1,326,368 | 935,635 | 642,978 | 428,924 | 433,139 | 243,157 | 385,525 | 657,807 | 706,754 | 717,439 | 421,341 | 267,125 | 369,709 |
loans | 15,669 | 25,798 | 35,670 | 45,287 | 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 | 128,268 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,044 | 66,583 | 92,224 | 0 | 0 | 0 | 0 |
provisions | 129,578 | 42,031 | 34,543 | 19,449 | 4,875 | 3,939 | 1,439 | 6,900 | 17,293 | 22,025 | 22,215 | 15,783 | 16,256 | 10,908 | 12,851 |
total long term liabilities | 273,515 | 67,829 | 70,213 | 64,736 | 4,875 | 3,939 | 1,439 | 6,900 | 61,337 | 88,608 | 114,439 | 15,783 | 16,256 | 10,908 | 12,851 |
total liabilities | 1,846,245 | 1,569,116 | 1,396,581 | 1,000,371 | 647,853 | 432,863 | 434,578 | 250,057 | 446,862 | 746,415 | 821,193 | 733,222 | 437,597 | 278,033 | 382,560 |
net assets | 527,695 | 508,965 | 442,369 | 403,586 | 405,777 | 382,216 | 425,613 | 455,400 | 1,257,064 | 1,342,124 | 1,264,520 | 1,063,474 | 947,991 | 829,438 | 804,350 |
total shareholders funds | 527,695 | 508,965 | 442,369 | 403,586 | 405,777 | 382,216 | 425,613 | 455,400 | 1,257,064 | 1,342,124 | 1,264,520 | 1,063,474 | 947,991 | 829,438 | 804,350 |
Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 92,579 | 49,716 | 31,081 | 34,505 | 19,865 | 23,489 | 29,204 | 34,915 | 49,422 | 59,752 | 65,624 | 38,800 | 40,417 | 38,419 | 51,206 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | -782 | 3,349 | 11,893 | -1,943 | -1,446 | 0 | -416 | -398 | 562 | -2,203 | 1,081 | 13,712 | -64,189 | 26,124 | 85,656 |
Debtors | -113,979 | 362,423 | 222,294 | 41,211 | 215,581 | -64,386 | 128,112 | -34,823 | -448,651 | 59,401 | -41,928 | 347,067 | 60,786 | 1,597 | 272,464 |
Creditors | 172,552 | -101,265 | 83,683 | 21,281 | 39,948 | -7,558 | 47,308 | -267,755 | -272,282 | -48,947 | -10,685 | 296,098 | 154,216 | -102,584 | 369,709 |
Accruals and Deferred Income | -265,684 | 242,130 | 281,401 | 319,321 | 68,662 | 49,302 | 65,085 | 83,121 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 87,547 | 7,488 | 15,094 | 14,574 | 936 | 2,500 | -5,461 | -10,393 | -4,732 | -190 | 6,432 | -473 | 5,348 | -1,943 | 12,851 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 256 | 255 | 4,904 | 4,713 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 164,319 | 33,799 | 20,745 | -52,658 | 105,444 | -45,959 | 77,589 | 42,266 | 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 | -10,129 | -9,872 | -9,617 | 45,287 | 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 | 128,268 | 0 | 0 | 0 | 0 | 0 | 0 | -44,044 | -22,539 | -25,641 | 92,224 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 115,113 | -184,893 | 154,022 | 342,156 | -52,723 | 21,919 | 40,222 | -481,556 | 107,603 | -53,881 | -219,826 | 57,532 | 274,161 | -84,635 | 679,311 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 115,113 | -184,893 | 154,022 | 342,156 | -52,723 | 21,919 | 40,222 | -481,556 | 107,603 | -53,881 | -219,826 | 57,532 | 274,161 | -84,635 | 679,311 |
t.e.l. engineering limited Credit Report and Business Information
T.e.l. Engineering Limited Competitor Analysis
Perform a competitor analysis for t.e.l. engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SK7 area or any other competitors across 12 key performance metrics.
t.e.l. engineering limited Ownership
T.E.L. ENGINEERING LIMITED group structure
T.E.L. Engineering Limited has no subsidiary companies.
t.e.l. engineering limited directors
T.E.L. Engineering Limited currently has 3 directors. The longest serving directors include Mr Stephen Rogers (Aug 1991) and Mr Christopher Rogers (Dec 2010).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Stephen Rogers | England | 70 years | Aug 1991 | - | Director |
Mr Christopher Rogers | England | 45 years | Dec 2010 | - | Director |
Mr Andrew Dawson | England | 45 years | Dec 2017 | - | Director |
P&L
November 2023turnover
3m
-1%
operating profit
-4.5k
0%
gross margin
29.8%
-0.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
527.7k
+0.04%
total assets
2.4m
+0.14%
cash
714.5k
+0.19%
net assets
Total assets minus all liabilities
t.e.l. engineering limited company details
company number
01341280
Type
Private limited with Share Capital
industry
25620 - Machining
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
November 1977
age
47
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
trolex engineering limited (September 1997)
eds (design and engineering) limited (December 1978)
accountant
-
auditor
-
address
unit 2 levens road, hazel grove, stockport, cheshire, SK7 5DL
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
t.e.l. engineering limited Charges & Mortgages
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 did not find charges/mortgages relating to t.e.l. engineering limited.
t.e.l. engineering limited Companies House Filings - See Documents
date | description | view/download |
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