Comar Engineering Services Limited

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comar engineering services limited Company Information

Live

MatureSmallHigh

Company Number

01406705

Next Accounts

Mar 2025

Industry

Manufacture of other general-purpose machinery n.e.c.

Directors

Nicholas French

Shareholders

integrated test systems ltd

Group Structure

View All

Contact

Registered Address

systems house willenhall lane, binley, coventry, CV3 2AS

Website

www.comarfluidpower.com

comar engineering services limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of COMAR ENGINEERING SERVICES LIMITED at £3.2m based on Net Assets of £1.6m and 2.03x industry multiple (adjusted for liquidity).

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Comar Engineering Services Limited is a live company located in coventry, CV3 2AS with a Companies House number of 01406705. It operates in the manufacture of other general-purpose machinery n.e.c. sector, SIC Code 28290. Founded in December 1978, it's largest shareholder is integrated test systems ltd with a 100% stake. Comar Engineering Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with high growth in recent years.

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Pomanda's financial health check has awarded Comar Engineering Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£11.6m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (7%)

EXPORT

Comar Engineering Services Limited's latest turnover from June 2023 is estimated at £2.4 million and the company has net assets of £1.6 million. According to their latest financial statements, Comar Engineering Services Limited has 15 employees and maintains cash reserves of £343.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,355,889	1,979,285	1,507,027	1,283,445	1,595,766	1,382,220	2,107,015	1,644,562	3,585,314	3,017,614	3,872,342	4,411,299	4,651,793	2,693,794
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,891,117	1,582,308	1,206,655	998,961	1,241,657	1,060,017	1,615,531	1,261,851	2,801,739	2,323,527	2,937,843	3,429,537	3,622,986	2,039,744
Gross Profit	464,772	396,976	300,372	284,483	354,109	322,203	491,484	382,711	783,575	694,087	934,498	981,762	1,028,807	654,050
Admin Expenses	-83,782	124,510	265,377	212,228	219,119	421,929	663,215	314,440	1,164,515	19,193	480,877	725,915	988,881	303,508
Operating Profit	548,554	272,466	34,995	72,255	134,990	-99,726	-171,731	68,271	-380,940	674,894	453,621	255,847	39,926	350,542
Interest Payable	0	18,125	15,250	0	0	0	4,901	5,097	0	0	0	0	0	0
Interest Receivable	24,191	8,293	423	602	1,351	1,216	423	942	1,027	909	562	558	451	119
Pre-Tax Profit	572,745	262,633	20,168	72,857	136,341	-98,510	-176,209	64,116	-379,913	675,803	454,183	256,405	40,377	350,661
Tax	-143,186	-49,900	-3,832	-13,843	-25,905	0	0	-12,823	0	-141,919	-104,462	-61,537	-10,498	-98,185
Profit After Tax	429,559	212,733	16,336	59,014	110,436	-98,510	-176,209	51,293	-379,913	533,884	349,721	194,868	29,879	252,476
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	429,559	212,733	16,336	59,014	110,436	-98,510	-176,209	51,293	-379,913	533,884	349,721	194,868	29,879	252,476
Employee Costs	727,176	707,786	626,205	665,793	300,193	249,195	373,376	315,403	606,162	514,863	611,701	730,467	786,350	535,953
Number Of Employees	15	15	14	15	7	6	9	8	16	14	17	20	21	15
EBITDA*	588,687	309,167	45,497	72,255	148,324	-91,107	-156,022	86,258	-359,119	701,168	486,917	274,812	52,807	364,426

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,343,368	1,304,732	681,938	688,490	689,940	699,310	705,058	708,554	722,841	738,107	763,531	350,292	321,033	58,014
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,343,368	1,304,732	681,938	688,490	689,940	699,310	705,058	708,554	722,841	738,107	763,531	350,292	321,033	58,014
Stock & work in progress	86,897	60,980	842,859	532,403	668,807	1,412,023	944,358	742,242	596,050	285,591	596,860	1,355,654	840,248	131,210
Trade Debtors	898,281	432,314	399,782	297,154	419,813	191,941	617,262	458,680	971,950	1,121,775	983,334	852,972	1,046,271	799,531
Group Debtors	0	0	0	0	0	0	0	221,114	0	0	0	0	0	0
Misc Debtors	0	0	46,200	31,185	23,002	19,766	12,289	13,379	0	0	0	0	0	0
Cash	343,555	624,082	702,737	143,357	17,129	343,008	143,260	195,219	181,627	229,151	134,423	90,542	132,832	47,620
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,328,733	1,117,376	1,991,578	1,004,099	1,128,751	1,966,738	1,717,169	1,630,634	1,749,627	1,636,517	1,714,617	2,299,168	2,019,351	978,361
total assets	2,672,101	2,422,108	2,673,516	1,692,589	1,818,691	2,666,048	2,422,227	2,339,188	2,472,468	2,374,624	2,478,148	2,649,460	2,340,384	1,036,375
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	40,517	0	0	0	0	156,825	0	0	0	0	0	0
Trade Creditors	990,867	1,120,433	320,818	272,501	310,298	158,371	258,902	209,105	1,332,410	707,437	1,403,494	2,150,732	1,923,478	770,809
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	905,422	489,149	636,468	1,746,188	1,303,326	937,050	0	0	0	0	0	0
total current liabilities	990,867	1,120,433	1,266,757	761,650	946,766	1,904,559	1,562,228	1,302,980	1,332,410	707,437	1,403,494	2,150,732	1,923,478	770,809
loans	0	0	459,484	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	91,667	141,667	0	0	0	0	0	0	155,143	281,444	214,570	0	121,951	0
provisions	0	0	0	0	0	0	0	0	0	20,915	29,140	17,505	8,600	9,090
total long term liabilities	91,667	141,667	459,484	0	0	0	0	0	155,143	302,359	243,710	17,505	130,551	9,090
total liabilities	1,082,534	1,262,100	1,726,241	761,650	946,766	1,904,559	1,562,228	1,302,980	1,487,553	1,009,796	1,647,204	2,168,237	2,054,029	779,899
net assets	1,589,567	1,160,008	947,275	930,939	871,925	761,489	859,999	1,036,208	984,915	1,364,828	830,944	481,223	286,355	256,476
total shareholders funds	1,589,567	1,160,008	947,275	930,939	871,925	761,489	859,999	1,036,208	984,915	1,364,828	830,944	481,223	286,355	256,476

	Jun 2023	Jun 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	548,554	272,466	34,995	72,255	134,990	-99,726	-171,731	68,271	-380,940	674,894	453,621	255,847	39,926	350,542
Depreciation	40,133	36,701	10,502	0	13,334	8,619	15,709	17,987	21,821	26,274	33,296	18,965	12,881	13,884
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-143,186	-49,900	-3,832	-13,843	-25,905	0	0	-12,823	0	-141,919	-104,462	-61,537	-10,498	-98,185
Stock	25,917	-781,879	310,456	-136,404	-743,216	467,665	202,116	146,192	310,459	-311,269	-758,794	515,406	709,038	131,210
Debtors	465,967	-13,668	117,643	-114,476	231,108	-417,844	-63,622	-278,777	-149,825	138,441	130,362	-193,299	246,740	799,531
Creditors	-129,566	799,615	48,317	-37,797	151,927	-100,531	49,797	-1,123,305	624,973	-696,057	-747,238	227,254	1,152,669	770,809
Accruals and Deferred Income	0	-905,422	416,273	-147,319	-1,109,720	442,862	366,276	937,050	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-20,915	-8,225	11,635	8,905	-490	9,090
Cash flow from operations	-175,949	949,007	78,156	124,176	-323,266	201,403	121,557	19,765	84,305	27,795	275,284	127,327	238,710	115,399
Investing Activities
capital expenditure	-78,769	-659,495	-3,950	1,450	-3,964	-2,871	-12,213	-3,700	-6,555	-850	-446,535	-48,224	-275,900	-71,898
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-78,769	-659,495	-3,950	1,450	-3,964	-2,871	-12,213	-3,700	-6,555	-850	-446,535	-48,224	-275,900	-71,898
Financing Activities
Bank loans	0	-40,517	40,517	0	0	0	-156,825	156,825	0	0	0	0	0	0
Group/Directors Accounts	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
Long term loans	0	-459,484	459,484	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
other long term liabilities	-50,000	141,667	0	0	0	0	0	-155,143	-126,301	66,874	214,570	-121,951	121,951	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	4,000
interest	24,191	-9,832	-14,827	602	1,351	1,216	-4,478	-4,155	1,027	909	562	558	451	119
cash flow from financing	-25,809	-368,166	485,174	602	1,351	1,216	-161,303	-2,473	-125,274	67,783	215,132	-121,393	122,402	4,119
cash and cash equivalents
cash	-280,527	-78,655	559,380	126,228	-325,879	199,748	-51,959	13,592	-47,524	94,728	43,881	-42,290	85,212	47,620
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-280,527	-78,655	559,380	126,228	-325,879	199,748	-51,959	13,592	-47,524	94,728	43,881	-42,290	85,212	47,620

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMAR ENGINEERING SERVICES LIMITED group structure

Comar Engineering Services Limited has no subsidiary companies.

Ultimate parent company

INTEGRATED TEST SYSTEMS LTD.

09319589

1 parent

COMAR ENGINEERING SERVICES LIMITED

01406705

COMAR ENGINEERING SERVICES LIMITED Shareholders

integrated test systems ltd

100%

Comar Engineering Services Limited currently has 1 director, Mr Nicholas French serving since Feb 2018.

officer	country	age	start	end	role
Mr Nicholas French	England	67 years	Feb 2018	-	Director

P&L

June 2023

turnover

2.4m

+19%

operating profit

548.6k

gross margin

19.8%

-1.64%

turnover

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

Balance Sheet

June 2023

net assets

1.6m

+0.37%

total assets

2.7m

+0.1%

cash

343.6k

-0.45%

net assets

Total assets minus all liabilities

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company number

01406705

Type

Private limited with Share Capital

industry

28290 - Manufacture of other general-purpose machinery n.e.c.

incorporation date

December 1978

ultimate parent company

INTEGRATED TEST SYSTEMS LTD.

previous names

N/A

address

systems house willenhall lane, binley, coventry, CV3 2AS

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 5 charges/mortgages relating to comar engineering services limited. Currently there are 1 open charges and 4 have been satisfied in the past.

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comar engineering services limited Company Information

comar engineering services limited Estimated Valuation

comar engineering services limited Estimated Valuation

comar engineering services limited Estimated Valuation

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