Fredan Engineering Limited

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fredan engineering limited Company Information

Dissolved

Company Number

01485510

Website

fredan.co.uk

Registered Address

c12 marquis court, marquis way, team valley, gateshead, NE11 0RU

Industry

Manufacture of metal structures and parts of structures

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

Stephen Bayliss8 Years

Shareholders

fredan holdings ltd 100%

fredan engineering limited Estimated Valuation

£467.1k

Pomanda estimates the enterprise value of FREDAN ENGINEERING LIMITED at £467.1k based on a Turnover of £1.1m and 0.44x industry multiple (adjusted for size and gross margin).

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Fredan Engineering Limited is a dissolved company that was located in team valley, NE11 0RU with a Companies House number of 01485510. It operated in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in March 1980, it's largest shareholder was fredan holdings ltd with a 100% stake. The last turnover for Fredan Engineering Limited was estimated at £1.1m.

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Pomanda's financial health check has awarded Fredan Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.7%)

EXPORT

Fredan Engineering Limited's latest turnover from April 2016 is estimated at £1.1 million and the company has net assets of -£208.9 thousand. According to their latest financial statements, we estimate that Fredan Engineering Limited has 5 employees and maintains cash reserves of £50.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,066,546	1,191,120	949,043	923,371	973,350	1,014,909	1,120,390
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	865,461	982,680	782,617	759,819	804,226	823,804	907,040
Gross Profit	201,085	208,441	166,425	163,552	169,124	191,105	213,351
Admin Expenses	268,226	284,242	238,725	236,487	135,846	74,175	249,577
Operating Profit	-67,141	-75,801	-72,300	-72,935	33,278	116,930	-36,226
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	404	554	346	84	79	176	111
Pre-Tax Profit	-66,737	-75,247	-71,954	-72,851	33,358	117,105	-36,115
Tax	0	0	0	0	-8,006	-30,447	0
Profit After Tax	-66,737	-75,247	-71,954	-72,851	25,352	86,658	-36,115
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-66,737	-75,247	-71,954	-72,851	25,352	86,658	-36,115
Employee Costs	180,951	181,150	175,520	138,750	170,981	198,948	194,863
Number Of Employees	5	5	5	4	5	6	6
EBITDA*	-59,354	-65,492	-58,870	-51,821	50,935	137,009	-9,185

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	23,523	30,960	40,235	63,301	85,370	52,699	72,778
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	23,523	30,960	40,235	63,301	85,370	52,699	72,778
Stock & work in progress	3,402	550	550	550	550	550	500
Trade Debtors	311,181	257,517	220,555	256,599	318,353	325,076	287,676
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	50,709	110,848	110,607	27,718	5,960	25,808	44,395
misc current assets	0	0	0	0	0	0	0
total current assets	365,292	368,915	331,712	284,867	324,863	351,434	332,571
total assets	388,815	399,875	371,947	348,168	410,233	404,133	405,349
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	345,913	542,034	438,859	343,126	319,989	348,592	439,466
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	345,913	542,034	438,859	343,126	319,989	348,592	439,466
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	251,798	0	0	0	0	0	0
provisions	0	0	0	0	12,351	3,000	0
total long term liabilities	251,798	0	0	0	12,351	3,000	0
total liabilities	597,711	542,034	438,859	343,126	332,340	351,592	439,466
net assets	-208,896	-142,159	-66,912	5,042	77,893	52,541	-34,117
total shareholders funds	-208,896	-142,159	-66,912	5,042	77,893	52,541	-34,117

	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-67,141	-75,801	-72,300	-72,935	33,278	116,930	-36,226
Depreciation	7,787	10,309	13,430	21,114	17,657	20,079	27,041
Amortisation	0	0	0	0	0	0	0
Tax	0	0	0	0	-8,006	-30,447	0
Stock	2,852	0	0	0	0	50	500
Debtors	53,664	36,962	-36,044	-61,754	-6,723	37,400	287,676
Creditors	-196,121	103,175	95,733	23,137	-28,603	-90,874	439,466
Accruals and Deferred Income	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-12,351	9,351	3,000	0
Cash flow from operations	-311,991	721	72,907	20,719	30,400	-18,762	142,105
Investing Activities
capital expenditure	-350	-1,034	9,636	955	-50,328	0	-99,819
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-350	-1,034	9,636	955	-50,328	0	-99,819
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	251,798	0	0	0	0	0	0
share issue	0	0	0	0	0	0	1,998
interest	404	554	346	84	79	176	111
cash flow from financing	252,202	554	346	84	79	176	2,109
cash and cash equivalents
cash	-60,139	241	82,889	21,758	-19,848	-18,587	44,395
overdraft	0	0	0	0	0	0	0
change in cash	-60,139	241	82,889	21,758	-19,848	-18,587	44,395

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for fredan engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in NE11 area or any other competitors across 12 key performance metrics.

FREDAN ENGINEERING LIMITED group structure

Fredan Engineering Limited has no subsidiary companies.

Ultimate parent company

FREDAN HOLDINGS LIMITED

06881084

1 parent

FREDAN ENGINEERING LIMITED

01485510

FREDAN ENGINEERING LIMITED Shareholders

fredan holdings ltd

100%

Fredan Engineering Limited currently has 1 director, Mr Stephen Bayliss serving since Nov 2015.

officer	country	age	start	end	role
Mr Stephen Bayliss	England	42 years	Nov 2015	-	Director

P&L

April 2016

turnover

1.1m

-10%

operating profit

-67.1k

gross margin

18.9%

+7.74%

turnover

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

Balance Sheet

April 2016

net assets

-208.9k

+0.47%

total assets

388.8k

-0.03%

cash

50.7k

-0.54%

net assets

Total assets minus all liabilities

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company number

01485510

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

March 1980

ultimate parent company

FREDAN HOLDINGS LIMITED

previous names

N/A

address

c12 marquis court, marquis way, team valley, gateshead, NE11 0RU

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 fredan engineering limited.

fredan engineering limited Company Information

fredan engineering limited Estimated Valuation

fredan engineering limited Estimated Valuation

fredan engineering limited Estimated Valuation

Fredan Engineering Limited Overview

Fredan Engineering Limited Health Check

FREDAN ENGINEERING LIMITED financials

fredan engineering limited Credit Report and Business Information

Fredan Engineering Limited Competitor Analysis

fredan engineering limited Ownership

fredan engineering limited directors

fredan engineering limited company details

fredan engineering limited Charges & Mortgages

fredan engineering limited Companies House Filings - See Documents