r.j. bateman (engineering) limited

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r.j. bateman (engineering) limited Company Information

Share R.J. BATEMAN (ENGINEERING) LIMITED

Company Number

01497923

Directors

Jason Bateman

Shareholders

sally michele bateman

executors of the estate of richard john bateman

Group Structure

View All

Industry

Other manufacturing n.e.c.

 

Registered Address

bradbury house mission court, newport, gwent, NP20 2DW

r.j. bateman (engineering) limited Estimated Valuation

£18.4m

Pomanda estimates the enterprise value of R.J. BATEMAN (ENGINEERING) LIMITED at £18.4m based on a Turnover of £22m and 0.83x industry multiple (adjusted for size and gross margin).

r.j. bateman (engineering) limited Estimated Valuation

£11.5m

Pomanda estimates the enterprise value of R.J. BATEMAN (ENGINEERING) LIMITED at £11.5m based on an EBITDA of £2.1m and a 5.58x industry multiple (adjusted for size and gross margin).

r.j. bateman (engineering) limited Estimated Valuation

£18.8m

Pomanda estimates the enterprise value of R.J. BATEMAN (ENGINEERING) LIMITED at £18.8m based on Net Assets of £8.8m and 2.14x industry multiple (adjusted for liquidity).

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R.j. Bateman (engineering) Limited Overview

R.j. Bateman (engineering) Limited is a live company located in gwent, NP20 2DW with a Companies House number of 01497923. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in May 1980, it's largest shareholder is sally michele bateman with a 50% stake. R.j. Bateman (engineering) Limited is a mature, large sized company, Pomanda has estimated its turnover at £22m with low growth in recent years.

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R.j. Bateman (engineering) Limited Health Check

Pomanda's financial health check has awarded R.J. Bateman (Engineering) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £22m, make it larger than the average company (£12.9m)

£22m - R.j. Bateman (engineering) Limited

£12.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.7%)

3% - R.j. Bateman (engineering) Limited

4.7% - Industry AVG

production

Production

with a gross margin of 19.4%, this company has a higher cost of product (29.6%)

19.4% - R.j. Bateman (engineering) Limited

29.6% - Industry AVG

profitability

Profitability

an operating margin of 8.6% make it more profitable than the average company (6.3%)

8.6% - R.j. Bateman (engineering) Limited

6.3% - Industry AVG

employees

Employees

with 99 employees, this is above the industry average (69)

99 - R.j. Bateman (engineering) Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.3k, the company has an equivalent pay structure (£40.6k)

£45.3k - R.j. Bateman (engineering) Limited

£40.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £222.6k, this is more efficient (£175.9k)

£222.6k - R.j. Bateman (engineering) Limited

£175.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is earlier than average (56 days)

34 days - R.j. Bateman (engineering) Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is quicker than average (44 days)

31 days - R.j. Bateman (engineering) Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 145 days, this is more than average (70 days)

145 days - R.j. Bateman (engineering) Limited

70 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (13 weeks)

28 weeks - R.j. Bateman (engineering) Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 25.6%, this is a lower level of debt than the average (49.6%)

25.6% - R.j. Bateman (engineering) Limited

49.6% - Industry AVG

R.J. BATEMAN (ENGINEERING) LIMITED financials

EXPORTms excel logo

R.J. Bateman (Engineering) Limited's latest turnover from August 2023 is £22 million and the company has net assets of £8.8 million. According to their latest financial statements, R.J. Bateman (Engineering) Limited has 99 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover22,037,40020,130,32519,901,20619,975,58516,187,75715,582,26111,285,21613,978,42514,719,48714,317,50714,421,23415,148,78714,541,36512,163,45111,980,516
Other Income Or Grants
Cost Of Sales17,772,05416,076,12314,993,19916,002,45812,287,50512,181,1788,768,72210,875,43011,112,51610,221,90410,565,46310,741,93010,353,0219,121,9169,422,150
Gross Profit4,265,3464,054,2024,908,0073,973,1273,900,2523,401,0832,516,4943,102,9953,606,9714,095,6033,855,7714,406,8574,188,3443,041,5352,558,366
Admin Expenses2,375,2502,334,3001,889,4382,673,6392,156,1111,274,0761,187,4371,285,4591,343,3561,395,2031,229,1904,003,5133,089,6021,197,3142,405,235
Operating Profit1,890,0961,719,9023,018,5691,299,4881,744,1412,127,0071,329,0571,817,5362,263,6152,700,4002,626,581403,3441,098,7421,844,221153,131
Interest Payable432,971
Interest Receivable22,1003,4665,1818,44914,4883,9241,37613,88411,0822,2771,6645,7891,74693113,211
Pre-Tax Profit1,912,1961,723,3683,023,7501,307,9371,325,6582,130,9311,330,4331,831,4202,274,6972,702,6772,628,245409,1331,100,4881,845,152166,342
Tax-223,131-188,757-298,192-190,233-317,074-346,021-330,136-354,014-410,569-606,735-617,903-83,566-286,284-536,336-64,373
Profit After Tax1,689,0651,534,6112,725,5581,117,7041,008,5841,784,9101,000,2971,477,4061,864,1282,095,9422,010,342325,567814,2041,308,816101,969
Dividends Paid2,050,000100,0002,000,000750,000400,0002,000,000500,0001,350,0002,800,000300,000200,000200,000
Retained Profit-360,9351,434,611725,5581,117,7041,008,5841,034,910600,297-522,5941,364,128745,9422,010,342-2,474,433514,2041,108,816-98,031
Employee Costs4,488,3874,058,1883,800,9844,463,7903,902,8772,562,9392,426,4902,535,0052,572,0332,491,9392,490,4824,996,4514,129,3912,385,7223,362,062
Number Of Employees999085897967666767666668686466
EBITDA*2,058,5811,916,5293,189,1701,443,9881,878,9082,210,4991,454,3321,915,3642,349,1782,794,5842,724,823503,3361,225,9831,985,098315,254

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets986,031942,360981,718735,163744,191733,745686,792593,839566,454601,723566,713580,170662,998709,585791,174
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets986,031942,360981,718735,163744,191733,745686,792593,839566,454601,723566,713580,170662,998709,585791,174
Stock & work in progress7,106,0376,200,9804,886,0164,500,4753,840,9842,797,3093,074,5852,962,5143,074,7283,745,0472,303,3442,165,9231,584,2791,469,2881,247,550
Trade Debtors2,081,4501,611,235991,9971,599,9271,181,0112,427,2261,774,5741,773,6332,136,4222,473,3723,294,170900,5321,639,9931,293,2611,502,727
Group Debtors
Misc Debtors65,60272,63384,723698,399564,71166,74264,63466,26955,70646,20139,28743,75560,88544,50542,422
Cash1,588,0563,026,8472,911,5802,892,0843,517,0362,820,9642,006,5432,027,3813,881,0821,334,2522,695,0695,234,8672,918,2951,251,305589,527
misc current assets
total current assets10,841,14510,911,6958,874,3169,690,8859,103,7428,112,2416,920,3366,829,7979,147,9387,598,8728,331,8708,345,0776,203,4524,058,3593,382,226
total assets11,827,17611,854,0559,856,03410,426,0489,847,9338,845,9867,607,1287,423,6369,714,3928,200,5958,898,5838,925,2476,866,4504,767,9444,173,400
Bank overdraft
Bank loan
Trade Creditors 1,511,1281,153,5081,095,5051,004,7641,093,048978,516840,5661,126,183929,354542,6741,034,711700,591722,117607,265645,457
Group/Directors Accounts979,5471,132,1961,335,4972,852,7092,917,6303,197,0182,341,57156,972448,743543,843
other short term finances
hp & lease commitments
other current liabilities1,382,4991,423,294917,5382,380,1561,825,274519,399245,838270,410718,189825,2161,508,8504,723,9942,440,643582,410979,903
total current liabilities2,893,6272,576,8022,013,0433,384,9202,918,3222,477,4622,218,6002,732,0904,500,2524,285,5205,740,5797,766,1563,219,7321,638,4182,169,203
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions135,847118,616118,96542,66048,84741,77196,68565,06353,93465,36378,55775,56959,056
total long term liabilities135,847118,616118,96542,66048,84741,77196,68565,06353,93465,36378,55775,56959,056
total liabilities3,029,4742,695,4182,132,0083,427,5802,967,1692,519,2332,315,2852,732,0904,500,2524,350,5835,794,5137,831,5193,298,2891,713,9872,228,259
net assets8,797,7029,158,6377,724,0266,998,4686,880,7646,326,7535,291,8434,691,5465,214,1403,850,0123,104,0701,093,7283,568,1613,053,9571,945,141
total shareholders funds8,797,7029,158,6377,724,0266,998,4686,880,7646,326,7535,291,8434,691,5465,214,1403,850,0123,104,0701,093,7283,568,1613,053,9571,945,141
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit1,890,0961,719,9023,018,5691,299,4881,744,1412,127,0071,329,0571,817,5362,263,6152,700,4002,626,581403,3441,098,7421,844,221153,131
Depreciation168,485196,627170,601144,500134,76783,492125,27597,82885,56394,18498,24299,992127,241140,877162,123
Amortisation
Tax-223,131-188,757-298,192-190,233-317,074-346,021-330,136-354,014-410,569-606,735-617,903-83,566-286,284-536,336-64,373
Stock905,0571,314,964385,541659,4911,043,675-277,276112,071-112,214-670,3191,441,703137,421581,644114,991221,7381,247,550
Debtors463,184607,148-1,221,606552,604-748,246654,760-694-352,226-327,445-813,8842,389,170-756,591363,112-207,3831,545,149
Creditors357,62058,00390,741-88,284114,532137,950-285,617196,829386,680-492,037334,120-21,526114,852-38,192645,457
Accruals and Deferred Income-40,795505,756-1,462,618554,8821,305,875273,561-24,572-447,779-107,027-683,634-3,215,1442,283,3511,858,233-397,493979,903
Deferred Taxes & Provisions17,231-34976,305-6,1877,076-54,91496,685-65,06311,129-11,429-13,1942,98816,51359,056
Cash flow from operations801,265369,0702,431,471502,0712,693,8881,843,591799,3151,774,8403,150,963395,488-3,312,1242,843,3482,437,6691,015,235-857,402
Investing Activities
capital expenditure-151,224-205,129-125,213-50,294-129,194-80,066-17,164-76,272-58,936-371,137
Change in Investments
cash flow from investments-151,224-205,129-125,213-50,294-129,194-80,066-17,164-76,272-58,936-371,137
Financing Activities
Bank loans
Group/Directors Accounts-979,547-152,649-203,301-1,517,212-64,921-279,388855,4472,284,599-391,771-95,100543,843
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1,000,000-454,5732,043,172
interest22,1003,4665,1818,449-418,4833,9241,37613,88411,0822,2771,6645,7891,74693113,211
cash flow from financing22,1003,4665,181-991,551-1,852,603-148,725-201,925-1,503,328-53,839-277,111857,1112,290,388-390,025-94,1692,600,226
cash and cash equivalents
cash-1,438,791115,26719,496-624,952696,072814,421-20,838-1,853,7012,546,830-1,360,817-2,539,7982,316,5721,666,990661,778589,527
overdraft
change in cash-1,438,791115,26719,496-624,952696,072814,421-20,838-1,853,7012,546,830-1,360,817-2,539,7982,316,5721,666,990661,778589,527

r.j. bateman (engineering) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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R.j. Bateman (engineering) Limited Competitor Analysis

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Perform a competitor analysis for r.j. bateman (engineering) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NP20 area or any other competitors across 12 key performance metrics.

r.j. bateman (engineering) limited Ownership

R.J. BATEMAN (ENGINEERING) LIMITED group structure

R.J. Bateman (Engineering) Limited has no subsidiary companies.

Ultimate parent company

R.J. BATEMAN (ENGINEERING) LIMITED

01497923

R.J. BATEMAN (ENGINEERING) LIMITED Shareholders

sally michele bateman 50%
executors of the estate of richard john bateman 50%

r.j. bateman (engineering) limited directors

R.J. Bateman (Engineering) Limited currently has 1 director, Mr Jason Bateman serving since Sep 2000.

officercountryagestartendrole
Mr Jason BatemanUnited Kingdom55 years Sep 2000- Director

P&L

August 2023

turnover

22m

+9%

operating profit

1.9m

+10%

gross margin

19.4%

-3.9%

turnover

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

Balance Sheet

August 2023

net assets

8.8m

-0.04%

total assets

11.8m

0%

cash

1.6m

-0.48%

net assets

Total assets minus all liabilities

r.j. bateman (engineering) limited company details

company number

01497923

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

May 1980

age

45

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

August 2023

previous names

laylow limited (December 1981)

accountant

-

auditor

UHY HACKER YOUNG

address

bradbury house mission court, newport, gwent, NP20 2DW

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

r.j. bateman (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 1 charges/mortgages relating to r.j. bateman (engineering) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

r.j. bateman (engineering) limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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r.j. bateman (engineering) limited Companies House Filings - See Documents

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