accura engineering limited

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accura engineering limited Company Information

Share ACCURA ENGINEERING LIMITED

Company Number

01442283

Shareholders

connexion precision finance limited

Group Structure

View All

Industry

Manufacture of power-driven hand tools

 

Registered Address

1 stringes close, willenhall, WV13 1NS

accura engineering limited Estimated Valuation

£17.6m

Pomanda estimates the enterprise value of ACCURA ENGINEERING LIMITED at £17.6m based on a Turnover of £12.2m and 1.44x industry multiple (adjusted for size and gross margin).

accura engineering limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of ACCURA ENGINEERING LIMITED at £5.6m based on an EBITDA of £860.2k and a 6.55x industry multiple (adjusted for size and gross margin).

accura engineering limited Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of ACCURA ENGINEERING LIMITED at £4.9m based on Net Assets of £1.9m and 2.64x industry multiple (adjusted for liquidity).

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Accura Engineering Limited Overview

Accura Engineering Limited is a live company located in willenhall, WV13 1NS with a Companies House number of 01442283. It operates in the manufacture of power-driven hand tools sector, SIC Code 28240. Founded in August 1979, it's largest shareholder is connexion precision finance limited with a 100% stake. Accura Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.2m with healthy growth in recent years.

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Accura Engineering Limited Health Check

Pomanda's financial health check has awarded Accura Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £12.2m, make it larger than the average company (£6.1m)

£12.2m - Accura Engineering Limited

£6.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9%)

10% - Accura Engineering Limited

9% - Industry AVG

production

Production

with a gross margin of 18.6%, this company has a comparable cost of product (18.6%)

18.6% - Accura Engineering Limited

18.6% - Industry AVG

profitability

Profitability

an operating margin of 5.5% make it more profitable than the average company (1%)

5.5% - Accura Engineering Limited

1% - Industry AVG

employees

Employees

with 109 employees, this is above the industry average (40)

109 - Accura Engineering Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.9k, the company has an equivalent pay structure (£40.9k)

£40.9k - Accura Engineering Limited

£40.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £111.6k, this is less efficient (£172.1k)

£111.6k - Accura Engineering Limited

£172.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is later than average (38 days)

52 days - Accura Engineering Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is quicker than average (50 days)

39 days - Accura Engineering Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 66 days, this is less than average (198 days)

66 days - Accura Engineering Limited

198 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (4 weeks)

3 weeks - Accura Engineering Limited

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 69.4%, this is a higher level of debt than the average (62.5%)

69.4% - Accura Engineering Limited

62.5% - Industry AVG

ACCURA ENGINEERING LIMITED financials

EXPORTms excel logo

Accura Engineering Limited's latest turnover from June 2024 is estimated at £12.2 million and the company has net assets of £1.9 million. According to their latest financial statements, Accura Engineering Limited has 109 employees and maintains cash reserves of £211.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover12,162,1718,944,8118,243,7339,200,1818,126,3429,622,1628,144,4147,073,1458,454,2177,482,9937,386,0456,373,2036,991,2175,459,2494,575,500
Other Income Or Grants
Cost Of Sales9,899,3316,869,3816,330,9717,616,5436,849,2507,846,4896,566,3575,442,2966,156,5885,353,2055,097,8494,555,6054,876,4434,205,7172,956,586
Gross Profit2,262,8402,075,4301,912,7621,583,6381,277,0921,775,6731,578,0571,630,8492,297,6292,129,7882,288,1961,817,5982,114,7741,253,5321,618,913
Admin Expenses1,594,6462,528,2162,534,0511,610,613895,760983,397866,1701,102,484947,550803,911724,652826,770803,0251,116,962-379,441
Operating Profit668,194-452,786-621,289-26,975381,332792,276711,887528,3651,350,0791,325,8771,563,544990,8281,311,749136,5701,998,354
Interest Payable43,02149,22034,98728,11053,98666,28319,92723,33324,75627,19822,68519,94616,098
Interest Receivable9,0908,6644,48775056655571153,214923
Pre-Tax Profit634,263-493,342-651,789-54,335327,346-7,645,404691,960505,0881,325,3231,299,3341,540,864971,0531,295,666139,7831,999,276
Tax-158,56639,009-158,02032,062-115,547-233,533-284,348-351,975-234,410-487,776-39,139-559,797
Profit After Tax475,697-493,342-651,789-54,335366,355-7,803,424724,022389,5411,091,7901,014,9861,188,889736,643807,890100,6441,439,479
Dividends Paid1,000,000900,000700,000
Retained Profit475,697-493,342-651,789-54,335366,355-7,803,424724,022389,5411,091,7901,014,986188,889-163,357107,890100,6441,439,479
Employee Costs4,453,5923,260,3292,826,1093,157,7433,878,7164,747,3713,653,8403,182,4943,153,3853,093,6812,786,5562,595,3602,610,536876,619836,949
Number Of Employees1099586889887888277767271714139
EBITDA*860,183-293,787-469,600104,295553,548998,937903,631711,2041,522,8571,500,7721,747,4001,156,5191,481,413271,4712,134,774

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets873,844458,728537,219468,263442,575427,494501,306622,568684,435656,523729,715707,369550,451357,982353,289
Intangible Assets
Investments & Other1111111
Debtors (Due After 1 year)
Total Fixed Assets873,844458,728537,219468,263442,575427,494501,306622,568684,436656,524729,716707,370550,452357,983353,290
Stock & work in progress1,797,3701,584,2441,090,7691,445,442736,526885,458812,578887,219622,913648,993610,916524,644595,589740,547722,538
Trade Debtors1,758,8121,480,3381,371,0471,622,554939,5381,411,0511,290,2911,199,0851,093,4301,189,3431,406,2671,006,8201,344,9581,026,1851,203,069
Group Debtors1,072,1141,072,1141,453,1511,757,4341,625,2691,083,38813,19123,42429,15727,08135,552
Misc Debtors350,053367,590427,636418,987347,114238,898231,168254,982135,13855,57663,63759,89041,322
Cash211,483134,784211,788506,115994,864250,008762,834483,0883,814,3972,884,794957,045940,447903,922916,473369,007
misc current assets
total current assets5,189,8324,639,0704,554,3915,750,5324,643,3113,868,8033,096,8712,837,5655,665,8784,802,1303,067,0222,558,8822,921,3432,683,2052,294,614
total assets6,063,6765,097,7985,091,6106,218,7955,085,8864,296,2973,598,1773,460,1336,350,3145,458,6543,796,7383,266,2523,471,7953,041,1882,647,904
Bank overdraft496,643396,643
Bank loan228,424263,853275,758166,667
Trade Creditors 1,076,8871,333,515803,532960,448685,089632,616936,052875,045587,811752,937576,033495,229367,0481,430,8551,188,425
Group/Directors Accounts160,099600,938338,04614,660951951
other short term finances
hp & lease commitments112,70758,57846,12341,15654,37849,731110,737164,943158,047159,697156,934144,64887,941
other current liabilities2,124,0631,911,0621,748,3422,214,2821,176,376961,353835,8901,106,455939,3051,213,997973,169771,0831,128,657
total current liabilities3,542,0813,567,0082,873,7553,382,5532,412,4862,040,3431,882,6792,306,5422,286,1012,464,6771,720,7961,411,9111,584,5971,430,8551,188,425
loans181,62490,909264,394258,333
hp & lease commitments410,36562,10782,34555,00496,16045,069110,365213,326277,893274,894351,263335,701217,638
Accruals and Deferred Income
other liabilities50,210
provisions76,13510,55231,13413,9841,547
total long term liabilities668,124153,016346,739313,33796,16045,069110,365213,326277,893285,446382,397349,685219,18550,210
total liabilities4,210,2053,720,0243,220,4943,695,8902,508,6462,085,4121,993,0442,519,8682,563,9942,750,1232,103,1931,761,5961,803,7821,481,0651,188,425
net assets1,853,4711,377,7741,871,1162,522,9052,577,2402,210,8851,605,133940,2653,786,3202,708,5311,693,5451,504,6561,668,0131,560,1231,459,479
total shareholders funds1,853,4711,377,7741,871,1162,522,9052,577,2402,210,8851,605,133940,2653,786,3202,708,5311,693,5451,504,6561,668,0131,560,1231,459,479
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit668,194-452,786-621,289-26,975381,332792,276711,887528,3651,350,0791,325,8771,563,544990,8281,311,749136,5701,998,354
Depreciation191,989158,999151,689131,270172,216206,661191,744182,839172,778174,895183,856165,691169,664134,901136,420
Amortisation
Tax-158,56639,009-158,02032,062-115,547-233,533-284,348-351,975-234,410-487,776-39,139-559,797
Stock213,126493,475-354,673708,916-148,93272,880-74,641264,306-26,08038,07786,272-70,945-144,95818,009722,538
Debtors260,937-331,792-547,141887,054178,5841,211,87854,201238,690-39,775-230,718405,270-328,041395,647-176,8841,203,069
Creditors-256,628529,983-156,916275,35952,473-303,43661,007287,234-165,126176,90480,804128,181-1,063,807242,4301,188,425
Accruals and Deferred Income213,001162,720-465,9401,037,906215,023125,463-270,565167,150-274,692240,828202,086-357,5741,128,657
Deferred Taxes & Provisions76,135-10,552-20,58217,15012,4371,547
Cash flow from operations260,062237,233-190,642-178,410830,401-621,814746,575547,045904,8091,806,2151,203,9231,104,139809,345633,637837,795
Investing Activities
capital expenditure-607,105-80,508-220,645-156,958-187,297-132,849-70,482-120,972-200,690-101,703-206,202-322,609-362,133-139,594-489,709
Change in Investments-11
cash flow from investments-607,105-80,508-220,645-156,958-187,297-132,849-70,482-120,971-200,690-101,703-206,202-322,609-362,133-139,594-489,710
Financing Activities
Bank loans-35,429-11,905109,091166,667
Group/Directors Accounts-160,099-440,839262,892323,38613,709951
Other Short Term Loans
Long term loans90,715-173,4856,061258,333
Hire Purchase and Lease Commitments402,387-7,78332,308-54,37855,738-126,302-157,167-57,6711,349-73,60627,848174,770305,579
other long term liabilities-50,21050,210
share issue8,409,176-59,154-3,235,596-14,00120,000
interest-33,931-40,556-30,500-27,360-53,986-66,283-19,927-23,277-24,756-26,543-22,680-19,875-16,0833,214923
cash flow from financing423,742-233,729116,960343,2621,7528,216,591-396,347-3,757,383225,484223,23718,877154,895240,23753,42420,923
cash and cash equivalents
cash76,699-77,004-294,327-488,749744,856-512,826279,746-3,331,309929,6031,927,74916,59836,525-12,551547,466369,007
overdraft-496,643100,000396,643
change in cash76,699-77,004-294,3277,894644,856-909,469279,746-3,331,309929,6031,927,74916,59836,525-12,551547,466369,007

accura engineering limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Accura Engineering Limited Competitor Analysis

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Perform a competitor analysis for accura engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WV13 area or any other competitors across 12 key performance metrics.

accura engineering limited Ownership

ACCURA ENGINEERING LIMITED group structure

Accura Engineering Limited has no subsidiary companies.

Ultimate parent company

2 parents

ACCURA ENGINEERING LIMITED

01442283

ACCURA ENGINEERING LIMITED Shareholders

connexion precision finance limited 100%

accura engineering limited directors

Accura Engineering Limited currently has 3 directors. The longest serving directors include Mr Craig Wright (Jul 2018) and Mr Richard Eldridge (May 2021).

officercountryagestartendrole
Mr Craig Wright56 years Jul 2018- Director
Mr Richard EldridgeEngland47 years May 2021- Director
Mrs Sophia Hallett-JonesEngland35 years Nov 2022- Director

P&L

June 2024

turnover

12.2m

+36%

operating profit

668.2k

0%

gross margin

18.7%

-19.81%

turnover

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

Balance Sheet

June 2024

net assets

1.9m

+0.35%

total assets

6.1m

+0.19%

cash

211.5k

+0.57%

net assets

Total assets minus all liabilities

accura engineering limited company details

company number

01442283

Type

Private limited with Share Capital

industry

28240 - Manufacture of power-driven hand tools

incorporation date

August 1979

age

46

incorporated

UK

accounts

Total Exemption Full

last accounts submitted

June 2024

previous names

accura geometric limited (October 2016)

accura tooling & design services limited (March 2006)

See more

accountant

-

auditor

-

address

1 stringes close, willenhall, WV13 1NS

Bank

HSBC BANK PLC

Legal Advisor

-

accura 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 found 10 charges/mortgages relating to accura engineering limited. Currently there are 2 open charges and 8 have been satisfied in the past.

accura engineering limited Capital Raised & Share Issues BETA

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accura engineering limited Companies House Filings - See Documents

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