turbine services limited

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turbine services limited Company Information

Share TURBINE SERVICES LIMITED

Company Number

01536507

Shareholders

chromalloy united kingdom limited

Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

 

Registered Address

3 bramble way, clover nook industrial park, alfreton, derbyshire, DE55 4RH

turbine services limited Estimated Valuation

£10.8m

Pomanda estimates the enterprise value of TURBINE SERVICES LIMITED at £10.8m based on a Turnover of £19.7m and 0.55x industry multiple (adjusted for size and gross margin).

turbine services limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of TURBINE SERVICES LIMITED at £5.7m based on an EBITDA of £1.3m and a 4.52x industry multiple (adjusted for size and gross margin).

turbine services limited Estimated Valuation

£12.6m

Pomanda estimates the enterprise value of TURBINE SERVICES LIMITED at £12.6m based on Net Assets of £4.9m and 2.57x industry multiple (adjusted for liquidity).

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Turbine Services Limited Overview

Turbine Services Limited is a live company located in alfreton, DE55 4RH with a Companies House number of 01536507. It operates in the other engineering activities sector, SIC Code 71129. Founded in December 1980, it's largest shareholder is chromalloy united kingdom limited with a 100% stake. Turbine Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.7m with high growth in recent years.

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Turbine Services Limited Health Check

Pomanda's financial health check has awarded Turbine Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £19.7m, make it larger than the average company (£5.4m)

£19.7m - Turbine Services Limited

£5.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.2%)

17% - Turbine Services Limited

8.2% - Industry AVG

production

Production

with a gross margin of 16.8%, this company has a higher cost of product (32.8%)

16.8% - Turbine Services Limited

32.8% - Industry AVG

profitability

Profitability

an operating margin of 5.8% make it as profitable than the average company (5.7%)

5.8% - Turbine Services Limited

5.7% - Industry AVG

employees

Employees

with 36 employees, this is similar to the industry average (36)

36 - Turbine Services Limited

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £92.3k, the company has a higher pay structure (£58.3k)

£92.3k - Turbine Services Limited

£58.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £546.7k, this is more efficient (£137.3k)

£546.7k - Turbine Services Limited

£137.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is earlier than average (66 days)

43 days - Turbine Services Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is slower than average (27 days)

32 days - Turbine Services Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 49 days, this is more than average (35 days)

49 days - Turbine Services Limited

35 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (18 weeks)

20 weeks - Turbine Services Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.3%, this is a lower level of debt than the average (57.6%)

34.3% - Turbine Services Limited

57.6% - Industry AVG

TURBINE SERVICES LIMITED financials

EXPORTms excel logo

Turbine Services Limited's latest turnover from December 2023 is £19.7 million and the company has net assets of £4.9 million. According to their latest financial statements, Turbine Services Limited has 36 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover19,681,10912,058,51414,648,38912,316,33815,537,98515,358,92316,193,20714,649,45615,051,78417,882,52620,685,96714,265,09816,080,29017,726,75120,227,771
Other Income Or Grants000000000000000
Cost Of Sales16,373,91610,770,95812,689,81510,294,58313,742,87213,841,88614,461,53913,265,94015,388,21317,992,53518,208,03813,140,16713,083,76214,613,44416,752,502
Gross Profit3,307,1921,287,5561,958,5742,021,7551,795,1141,517,0371,731,6681,383,516-336,430-110,0092,477,9301,124,9312,996,5283,113,3073,475,268
Admin Expenses2,159,9561,940,8211,828,6911,742,9231,578,6531,900,8462,127,7891,641,1502,503,3854,566,6292,391,8602,549,6113,303,2193,806,2732,026,713
Operating Profit1,147,236-653,265129,883278,832216,461-383,809-396,121-257,634-2,839,815-4,676,63886,070-1,424,680-306,691-692,9661,448,555
Interest Payable20,78720,30127,33231,70937,26715,18918,12418,32118,28022,66418,53434,29827,45611,36524,068
Interest Receivable246,023172,665229,610765,0631,258,2291,351,8231,024,913775,407618,185481,487345,713302,274140,05282,62669,806
Pre-Tax Profit-510,232-500,901332,1611,012,1861,437,424952,826610,670499,453-2,239,909-4,217,813413,24912,5718,356,786-318,1481,494,294
Tax000000000-13,314-151,373285,023-127,679548,586-418,314
Profit After Tax-510,232-500,901332,1611,012,1861,437,424952,826610,670499,453-2,239,909-4,231,127261,876297,5948,229,107230,4371,075,980
Dividends Paid-2,320,954020,688,109000000000000
Retained Profit1,810,721-500,901-20,355,9491,012,1861,437,424952,826610,670499,453-2,239,909-4,231,127261,876297,5948,229,107230,4371,075,980
Employee Costs3,321,1632,986,7073,347,8463,416,1103,289,5083,703,6763,689,9443,585,2473,963,7803,868,0273,745,2682,590,6411,335,5761,474,5391,525,273
Number Of Employees363840414347484849454338151515
EBITDA*1,268,764-590,086196,671362,402287,884-374,461-350,064-109,104-2,184,447-3,921,334766,181-899,993-144,544-621,7231,499,536

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets210,472231,920116,963219,840249,1714,22313,57158,892172,3391,482,0842,408,1981,848,9131,810,751121,19182,483
Intangible Assets67,16740,37600000028,89762,12481,003101,119123,679148,413170,997
Investments & Other8,8928,8929,4999,4851,174,0151,243,6441,235,3011,220,0521,183,6611,412,3081,227,6701,103,4311,088,4054,204,8793,476,254
Debtors (Due After 1 year)004,639,55829,028,74032,682,98337,029,98636,222,92831,218,08628,093,274000000
Total Fixed Assets286,531281,1884,766,02129,258,06534,106,17038,277,85437,471,80132,497,03129,478,1722,956,5163,716,8723,053,4633,022,8364,474,4833,729,733
Stock & work in progress2,218,8153,815,7823,318,2412,912,9612,747,8482,884,3442,305,6792,722,2671,609,04118,437,40518,455,5085,962,2236,809,0186,955,3817,606,796
Trade Debtors2,364,9682,525,7023,301,8862,318,3672,189,2282,347,9212,402,0552,474,4673,224,0463,051,8724,106,7682,624,4862,530,4392,734,4722,177,810
Group Debtors1,047,6704,766,709492,047010,992000806,73424,423,67116,349,90620,244,18014,416,3607,618,0398,043,241
Misc Debtors517,278730,8721,292,0251,316,653646,690387,031297,321277,206336,109648,446731,567731,353372,394947,199274,998
Cash1,032,3341,291,609528,2162,127,5212,422,559965,0721,523,4673,137,8492,631,3035,962,2047,601,5122,041,1186,150,9433,607,4412,711,073
misc current assets000000000000000
total current assets7,181,06613,130,6748,932,4178,675,5038,017,3186,584,3696,528,5238,611,7908,607,23452,523,60047,245,26331,603,36130,279,15621,862,53320,813,919
total assets7,467,59713,411,86313,698,43837,933,56842,123,48844,862,22244,000,32441,108,82138,085,40655,480,11550,962,13434,656,82433,301,99126,337,01524,543,652
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 1,448,1361,074,7631,537,4961,744,9901,188,104836,5771,238,3821,029,5122,375,0091,787,5752,934,6591,354,3831,346,6011,323,4101,934,133
Group/Directors Accounts183,7573,743,6931,887,131135,2507,873,5686,371,17510,175,5788,286,3936,322,94919,728,72514,952,7362,786,232918,9621,643,931485,664
other short term finances000000000000000
hp & lease commitments66,35836,68365,74995,13675,9870000000000
other current liabilities862,463818,6551,367,6281,335,040733,7905,167,7031,052,4221,251,356241,419226,50470,0641,086,9622,258,4692,756,4091,916,289
total current liabilities2,560,7155,673,7954,858,0053,310,4179,871,45012,375,45612,466,38310,567,2618,939,37721,742,80417,957,4605,227,5774,524,0325,723,7504,336,086
loans000000000000000
hp & lease commitments0039,186152,493207,1970000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions00000000000043,00900
total long term liabilities0039,187152,493207,198000000043,00900
total liabilities2,560,7155,673,7954,897,1923,462,91010,078,64812,375,45612,466,38310,567,2618,939,37721,742,80417,957,4605,227,5774,567,0425,723,7504,336,086
net assets4,906,8817,738,0688,801,24634,470,65832,044,84032,486,76631,533,94030,541,56029,146,02933,737,31133,004,67529,429,24728,734,95020,613,26520,207,567
total shareholders funds4,906,8817,738,0688,801,24634,470,65832,044,84032,486,76631,533,94030,541,56029,146,02933,737,31133,004,67529,429,24728,734,95020,613,26520,207,567
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,147,236-653,265129,883278,832216,461-383,809-396,121-257,634-2,839,815-4,676,63886,070-1,424,680-306,691-692,9661,448,555
Depreciation21,4482,61466,78883,57171,4239,34846,057118,746626,471724,242648,611500,420138,20947,17527,121
Amortisation100,08060,5650000029,78428,89631,06131,50024,26723,93824,06723,860
Tax000000000-13,314-151,373285,023-127,679548,586-418,314
Stock-1,596,966497,540405,280165,113-136,496578,665-416,5881,113,226-16,828,364-18,10312,493,285-846,796-146,363-651,4157,606,796
Debtors-4,093,369-1,702,233-22,938,243-2,866,134-4,235,044842,6344,952,5451,509,5954,336,1756,935,747-2,411,7776,280,8256,019,484803,66110,496,049
Creditors373,373-462,732-207,494556,886351,527-401,805208,871-1,345,497587,434-1,147,0841,580,2777,78223,191-610,7231,934,133
Accruals and Deferred Income43,808-548,97332,588601,250-4,433,9134,115,281-198,9341,009,93714,915156,440-1,016,898-1,171,507-497,940840,1201,916,289
Deferred Taxes & Provisions00000000000-43,00943,00900
Cash flow from operations7,376,280-397,09822,554,7284,221,560577,0381,917,716-4,876,084-3,067,48510,910,090-11,842,937-8,903,321-7,255,733-6,577,0844,013-13,171,201
Investing Activities
capital expenditure-126,871-218,51336,089-54,240-316,3710-736-6,186687,604-160,564-999,719655,69117,006,213-783,643-45,473
Change in Investments0-60714-1,164,530-69,6288,34315,24936,391-228,646184,637124,24015,026-3,116,474728,6253,476,254
cash flow from investments-126,871-217,90636,0751,110,290-246,743-8,343-15,985-42,577916,250-345,201-1,123,959640,66520,122,687-1,512,268-3,521,727
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-3,559,9361,856,5621,751,881-7,738,3181,502,393-3,804,4031,889,1861,963,443-13,405,7754,775,98912,166,5041,867,270-724,9681,158,267485,664
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments29,675-68,252-142,694-35,555283,1840000000000
other long term liabilities000000000000000
share issue-4,641,907-562,278-5,313,4631,413,632-1,879,3500381,710896,079-2,351,3734,963,7633,313,551396,703-107,422175,26119,131,587
interest225,236152,364202,278733,3541,220,9621,336,6341,006,789757,086599,905458,823327,179267,976112,59671,26145,738
cash flow from financing-7,946,9321,378,396-3,501,998-5,626,8871,127,189-2,467,7693,277,6853,616,608-15,157,24310,198,57515,807,2342,531,949-719,7941,404,78919,662,989
cash and cash equivalents
cash-259,274763,392-1,599,305-295,0381,457,487-558,395-1,614,383506,546-3,330,901-1,639,3085,560,394-4,109,8252,543,502896,3682,711,073
overdraft000000000000000
change in cash-259,274763,392-1,599,305-295,0381,457,487-558,395-1,614,383506,546-3,330,901-1,639,3085,560,394-4,109,8252,543,502896,3682,711,073

turbine services 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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Turbine Services Limited Competitor Analysis

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Perform a competitor analysis for turbine services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in DE55 area or any other competitors across 12 key performance metrics.

turbine services limited Ownership

TURBINE SERVICES LIMITED group structure

Turbine Services Limited has no subsidiary companies.

Ultimate parent company

CARLYLE GROUP

#0057751

2 parents

TURBINE SERVICES LIMITED

01536507

TURBINE SERVICES LIMITED Shareholders

chromalloy united kingdom limited 100%

turbine services limited directors

Turbine Services Limited currently has 3 directors. The longest serving directors include Mr Kenneth MacKenzie (Dec 2021) and Mr Irfan Mahomed (Aug 2022).

officercountryagestartendrole
Mr Kenneth MacKenzieScotland63 years Dec 2021- Director
Mr Irfan MahomedEngland53 years Aug 2022- Director
Mr Patrick BattersbyScotland51 years Sep 2024- Director

P&L

December 2023

turnover

19.7m

+63%

operating profit

1.1m

-276%

gross margin

16.9%

+57.38%

turnover

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

Balance Sheet

December 2023

net assets

4.9m

-0.37%

total assets

7.5m

-0.44%

cash

1m

-0.2%

net assets

Total assets minus all liabilities

turbine services limited company details

company number

01536507

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

December 1980

age

45

incorporated

UK

ultimate parent company

CARLYLE GROUP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

chromalloy aeroservices limited (April 1988)

forgelynn limited (December 1981)

accountant

-

auditor

ARMSTRONG WATSON AUDIT LIMITED

address

3 bramble way, clover nook industrial park, alfreton, derbyshire, DE55 4RH

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

turbine services 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 5 charges/mortgages relating to turbine services limited. Currently there are 3 open charges and 2 have been satisfied in the past.

turbine services limited Capital Raised & Share Issues BETA

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turbine services limited Companies House Filings - See Documents

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