T.e.l. Engineering Limited

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t.e.l. engineering limited Company Information

Live

MatureSmallHigh

Company Number

01341280

Website

http://trolexengineering.co.uk

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

Directors

Stephen Rogers33 Years

Christopher Rogers13 Years

View All

Shareholders

t e l holdings limited 95%

andrew robert dawson 5%

t.e.l. engineering limited Estimated Valuation

£1.5m

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).

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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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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

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3m, make it smaller than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (3.2%)

EXPORT

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	3,047,182	3,085,899	2,019,258	1,922,149	2,023,594	1,536,650	1,526,100	1,567,127	1,393,283	2,983,364	2,966,778	3,024,096	1,462,928	1,221,230	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,139,962	2,165,131	1,428,936	1,358,896	1,421,919	1,065,624	1,040,048	1,073,568	956,808	2,036,718	2,033,460	2,079,878	984,686	816,041	0
Gross Profit	907,220	920,768	590,321	563,253	601,675	471,025	486,052	493,560	436,475	946,646	933,318	944,218	478,242	405,189	0
Admin Expenses	911,714	855,663	540,242	564,378	574,946	516,896	517,333	1,296,523	525,067	851,811	676,302	796,755	321,694	373,530	-983,649
Operating Profit	-4,494	65,105	50,079	-1,125	26,729	-45,871	-31,281	-802,963	-88,592	94,835	257,016	147,463	156,548	31,659	983,649
Interest Payable	3,381	3,643	2,906	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	32,848	20,756	707	459	2,359	2,474	1,494	1,299	3,532	3,398	4,082	4,488	3,659	3,185	1,698
Pre-Tax Profit	24,973	82,217	47,880	-2,191	29,088	-43,397	-29,787	-801,664	-85,060	98,233	261,099	151,951	160,207	34,844	985,347
Tax	-6,243	-15,621	-9,097	0	-5,527	0	0	0	0	-20,629	-60,053	-36,468	-41,654	-9,756	-275,897
Profit After Tax	18,730	66,596	38,783	-2,191	23,561	-43,397	-29,787	-801,664	-85,060	77,604	201,046	115,483	118,553	25,088	709,450
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	18,730	66,596	38,783	-2,191	23,561	-43,397	-29,787	-801,664	-85,060	77,604	201,046	115,483	118,553	25,088	709,450
Employee Costs	1,165,055	1,190,523	1,056,048	970,345	935,641	954,413	931,141	1,060,140	414,114	869,684	807,470	845,322	422,502	375,438	0
Number Of Employees	25	27	25	23	23	24	24	28	11	23	22	23	12	11	0
EBITDA*	88,085	114,821	81,160	33,380	46,594	-22,382	-2,077	-768,048	-39,170	154,587	322,640	186,263	196,965	70,078	1,034,855

* 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	-4,494	65,105	50,079	-1,125	26,729	-45,871	-31,281	-802,963	-88,592	94,835	257,016	147,463	156,548	31,659	983,649
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	-6,243	-15,621	-9,097	0	-5,527	0	0	0	0	-20,629	-60,053	-36,468	-41,654	-9,756	-275,897
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	191,018	-118,219	218,054	349,288	-63,522	86,248	-22,841	-927,854	131,905	27,623	299,181	84,641	318,278	-71,926	783,398
Investing Activities
capital expenditure	-388,086	-107,968	-77,865	-3,408	-97,004	-20,844	-16,020	446,777	-5,295	-59,261	-615,314	-31,597	-47,776	-15,894	-200,685
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-388,086	-107,968	-77,865	-3,408	-97,004	-20,844	-16,020	446,777	-5,295	-59,261	-615,314	-31,597	-47,776	-15,894	-200,685
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	94,900
interest	29,467	17,113	-2,199	-1,066	2,359	2,474	1,494	1,299	3,532	3,398	4,082	4,488	3,659	3,185	1,698
cash flow from financing	312,181	41,295	13,833	-3,724	107,803	-43,485	79,083	-479	-19,007	-22,243	96,306	4,488	3,659	3,185	96,598
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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T.E.L. ENGINEERING LIMITED group structure

T.E.L. Engineering Limited has no subsidiary companies.

Ultimate parent company

T.E.L. HOLDINGS LIMITED

09881196

1 parent

T.E.L. ENGINEERING LIMITED

01341280

T.E.L. ENGINEERING LIMITED Shareholders

t e l holdings limited	95%
andrew robert dawson	5%

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 2023

turnover

-1%

operating profit

-4.5k

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 2023

net assets

527.7k

+0.04%

total assets

2.4m

+0.14%

cash

714.5k

+0.19%

net assets

Total assets minus all liabilities

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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

ultimate parent company

T.E.L. HOLDINGS LIMITED

previous names

trolex engineering limited (September 1997)

eds (design and engineering) limited (December 1978)

address

unit 2 levens road, hazel grove, stockport, cheshire, SK7 5DL

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 Company Information

t.e.l. engineering limited Estimated Valuation

t.e.l. engineering limited Estimated Valuation

t.e.l. engineering limited Estimated Valuation

T.e.l. Engineering Limited Overview

T.e.l. Engineering Limited Health Check

T.E.L. ENGINEERING LIMITED financials

t.e.l. engineering limited Credit Report and Business Information

T.e.l. Engineering Limited Competitor Analysis

t.e.l. engineering limited Ownership

t.e.l. engineering limited directors

t.e.l. engineering limited company details

t.e.l. engineering limited Charges & Mortgages

t.e.l. engineering limited Companies House Filings - See Documents