bearward engineering limited
bearward engineering limited Company Information
Company Number
01590082
Next Accounts
923 days late
Shareholders
wabtec uk investments limited
Group Structure
View All
Industry
Manufacture of other special-purpose machinery n.e.c.
Registered Address
1 more london place, more london place, london, SE1 2AF
Website
www.bearward.combearward engineering limited Estimated Valuation
Pomanda estimates the enterprise value of BEARWARD ENGINEERING LIMITED at £22.1m based on a Turnover of £30.8m and 0.72x industry multiple (adjusted for size and gross margin).
bearward engineering limited Estimated Valuation
Pomanda estimates the enterprise value of BEARWARD ENGINEERING LIMITED at £12.8m based on an EBITDA of £2.4m and a 5.34x industry multiple (adjusted for size and gross margin).
bearward engineering limited Estimated Valuation
Pomanda estimates the enterprise value of BEARWARD ENGINEERING LIMITED at £59.8m based on Net Assets of £27m and 2.21x industry multiple (adjusted for liquidity).
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Bearward Engineering Limited Overview
Bearward Engineering Limited is a live company located in london, SE1 2AF with a Companies House number of 01590082. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in October 1981, it's largest shareholder is wabtec uk investments limited with a 100% stake. Bearward Engineering Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.8m with low growth in recent years.
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Bearward Engineering Limited Health Check
Pomanda's financial health check has awarded Bearward Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £30.8m, make it larger than the average company (£11.2m)
£30.8m - Bearward Engineering Limited
£11.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.2%)
- Bearward Engineering Limited
2.2% - Industry AVG
Production
with a gross margin of 15.2%, this company has a higher cost of product (29.5%)
15.2% - Bearward Engineering Limited
29.5% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (4.8%)
6.1% - Bearward Engineering Limited
4.8% - Industry AVG
Employees
with 264 employees, this is above the industry average (67)
264 - Bearward Engineering Limited
67 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has a lower pay structure (£45.8k)
£35.7k - Bearward Engineering Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £116.7k, this is less efficient (£168.9k)
£116.7k - Bearward Engineering Limited
£168.9k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (59 days)
42 days - Bearward Engineering Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (39 days)
64 days - Bearward Engineering Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (78 days)
48 days - Bearward Engineering Limited
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Bearward Engineering Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.1%, this is a lower level of debt than the average (46.9%)
19.1% - Bearward Engineering Limited
46.9% - Industry AVG
BEARWARD ENGINEERING LIMITED financials
Bearward Engineering Limited's latest turnover from December 2020 is £30.8 million and the company has net assets of £27 million. According to their latest financial statements, Bearward Engineering Limited has 264 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 30,814,025 | 30,940,543 | 32,960,871 | 30,393,852 | 27,278,967 | 32,399,252 | 32,148,498 | 41,702,827 | 46,020,145 | 44,831,589 | 45,195,502 | 25,456,712 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 26,128,474 | 26,055,806 | 28,140,524 | 25,495,877 | 21,658,445 | 26,353,904 | 25,707,186 | 32,871,152 | 39,967,229 | 37,268,019 | 36,250,135 | 19,672,609 |
| Gross Profit | 4,685,551 | 4,884,737 | 4,820,347 | 4,897,975 | 5,620,522 | 6,045,348 | 6,441,312 | 8,831,675 | 6,052,916 | 7,563,570 | 8,945,367 | 5,784,103 |
| Admin Expenses | 2,809,685 | 2,165,703 | 2,224,605 | 2,324,684 | 3,579,332 | 4,467,194 | 4,499,100 | 4,204,672 | 4,795,597 | 5,401,072 | 6,628,732 | 5,688,934 |
| Operating Profit | 1,875,866 | 2,719,034 | 2,595,742 | 2,573,291 | 2,041,190 | 1,578,154 | 1,942,212 | 4,627,003 | 1,257,319 | 2,162,498 | 2,316,635 | 95,169 |
| Interest Payable | 3,098 | 2,897 | 3,377 | 17,423 | ||||||||
| Interest Receivable | 175,872 | 147,331 | 179,861 | 202,983 | 224,009 | 199,597 | 132,179 | 4,107 | 2,656 | 4,388 | 2 | 99 |
| Pre-Tax Profit | 2,051,738 | 2,866,365 | 2,775,603 | 2,776,274 | 2,265,199 | 1,777,751 | 2,074,391 | 4,631,110 | 1,256,877 | 2,163,989 | 2,313,260 | 77,845 |
| Tax | -176,023 | -235,273 | -42,868 | 113,405 | -297,906 | -161,708 | 16,360 | -309,334 | -271,845 | -539,200 | -235,789 | -49,540 |
| Profit After Tax | 1,875,715 | 2,631,092 | 2,732,735 | 2,889,679 | 1,967,293 | 1,616,043 | 2,090,751 | 4,321,776 | 985,032 | 1,624,789 | 2,077,471 | 28,305 |
| Dividends Paid | ||||||||||||
| Retained Profit | 1,875,715 | 2,631,092 | 2,732,735 | 2,889,679 | 1,967,293 | 1,616,043 | 2,090,751 | 4,321,776 | 985,032 | 1,624,789 | 2,077,471 | 28,305 |
| Employee Costs | 9,419,806 | 8,253,926 | 8,892,912 | 8,555,884 | 7,480,606 | 9,693,826 | 8,551,191 | 10,453,640 | 12,721,556 | 11,688,634 | 11,210,303 | 7,944,460 |
| Number Of Employees | 264 | 290 | 316 | 308 | 291 | 367 | 379 | 453 | 539 | 540 | 446 | 416 |
| EBITDA* | 2,386,084 | 3,206,006 | 3,057,643 | 3,024,714 | 2,565,698 | 2,081,116 | 2,434,457 | 5,128,428 | 1,723,246 | 2,570,009 | 2,714,379 | 581,537 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,201,618 | 3,539,481 | 3,152,626 | 3,175,612 | 2,664,806 | 2,777,753 | 2,625,976 | 2,959,360 | 2,748,836 | 2,672,035 | 2,739,071 | |
| Intangible Assets | ||||||||||||
| Investments & Other | 100 | |||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 4,201,618 | 3,539,481 | 3,152,626 | 3,175,612 | 2,664,806 | 2,777,753 | 2,625,976 | 2,959,360 | 100 | 2,748,836 | 2,672,035 | 2,739,071 |
| Stock & work in progress | 3,460,011 | 3,546,717 | 3,713,004 | 3,338,441 | 2,858,423 | 2,497,273 | 3,174,124 | 3,181,771 | 4,393,237 | 4,237,705 | 2,798,041 | |
| Trade Debtors | 3,615,101 | 4,538,280 | 4,312,769 | 3,956,352 | 3,414,944 | 3,053,216 | 5,193,217 | 5,835,707 | 5,205,607 | 7,925,764 | 3,503,650 | |
| Group Debtors | 21,428,522 | 18,179,134 | 16,369,026 | 13,930,824 | 13,145,753 | 9,623,369 | 8,561,402 | 3,018,558 | 16,759 | 117,134 | ||
| Misc Debtors | 662,781 | 854,194 | 368,935 | 507,826 | 331,151 | 316,186 | 349,856 | 287,583 | 151,264 | 763,223 | 385,913 | |
| Cash | 2,140 | 2,343 | 2,648 | 304,124 | 223,787 | 620,539 | 297,482 | 2,110,433 | 2,414,954 | 1,340,691 | ||
| misc current assets | 250,680 | 219,759 | 3,338 | |||||||||
| total current assets | 29,168,555 | 27,120,668 | 25,017,062 | 22,257,326 | 19,974,058 | 16,110,583 | 17,579,419 | 14,434,052 | 16,759 | 12,282,196 | 14,267,383 | 6,687,604 |
| total assets | 33,370,173 | 30,660,149 | 28,169,688 | 25,432,938 | 22,638,864 | 18,888,336 | 20,205,395 | 17,393,412 | 16,859 | 15,031,032 | 16,939,418 | 9,426,675 |
| Bank overdraft | 115,961 | |||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 4,587,031 | 4,412,872 | 4,492,087 | 4,603,929 | 4,466,488 | 2,986,804 | 5,806,348 | 4,904,984 | 6,889,586 | 6,951,770 | 3,012,196 | |
| Group/Directors Accounts | 221,412 | 77,124 | 244,889 | 33,443 | 38,982 | 32,940 | 51,224 | 44,429 | 4,049,876 | 1,773,347 | ||
| other short term finances | ||||||||||||
| hp & lease commitments | 30,200 | 73,049 | 188,567 | |||||||||
| other current liabilities | 1,248,388 | 872,621 | 783,642 | 881,355 | 1,120,785 | 803,868 | 876,670 | 1,084,176 | 1,900,364 | 1,273,733 | 348,085 | |
| total current liabilities | 6,056,831 | 5,362,617 | 5,520,618 | 5,518,727 | 5,626,255 | 3,823,612 | 6,734,242 | 5,989,160 | 8,864,579 | 12,348,428 | 5,438,156 | |
| loans | 1,500,000 | |||||||||||
| hp & lease commitments | 7,880 | 34,058 | 55,290 | |||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 302,305 | 162,210 | 144,840 | 142,716 | 130,793 | 150,201 | 172,673 | 196,523 | 257,652 | 280,800 | 234,568 | |
| total long term liabilities | 302,305 | 162,210 | 144,840 | 142,716 | 130,793 | 150,201 | 172,673 | 196,523 | 265,532 | 314,858 | 1,789,858 | |
| total liabilities | 6,359,136 | 5,524,827 | 5,665,458 | 5,661,443 | 5,757,048 | 3,973,813 | 6,906,915 | 6,185,683 | 9,130,111 | 12,663,286 | 7,228,014 | |
| net assets | 27,011,037 | 25,135,322 | 22,504,230 | 19,771,495 | 16,881,816 | 14,914,523 | 13,298,480 | 11,207,729 | 16,859 | 5,900,921 | 4,276,132 | 2,198,661 |
| total shareholders funds | 27,011,037 | 25,135,322 | 22,504,230 | 19,771,495 | 16,881,816 | 14,914,523 | 13,298,480 | 11,207,729 | 16,859 | 5,900,921 | 4,276,132 | 2,198,661 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 1,875,866 | 2,719,034 | 2,595,742 | 2,573,291 | 2,041,190 | 1,578,154 | 1,942,212 | 4,627,003 | 1,257,319 | 2,162,498 | 2,316,635 | 95,169 |
| Depreciation | 510,218 | 486,972 | 461,901 | 451,423 | 524,508 | 502,962 | 492,245 | 501,425 | 465,927 | 407,511 | 397,744 | 486,368 |
| Amortisation | ||||||||||||
| Tax | -176,023 | -235,273 | -42,868 | 113,405 | -297,906 | -161,708 | 16,360 | -309,334 | -271,845 | -539,200 | -235,789 | -49,540 |
| Stock | -86,706 | -166,287 | 374,563 | 480,018 | 361,150 | -676,851 | -7,647 | 3,181,771 | -4,393,237 | 1,595,196 | 1,439,664 | 2,798,041 |
| Debtors | 2,134,796 | 2,520,878 | 2,655,728 | 1,503,154 | 3,899,077 | -1,111,704 | 4,962,627 | 9,125,089 | -5,457,246 | 1,584,442 | 4,799,424 | 3,889,563 |
| Creditors | 174,159 | -79,215 | -111,842 | 137,441 | 1,479,684 | -2,819,544 | 901,364 | 4,904,984 | -6,889,586 | 3,877,390 | 3,939,574 | 3,012,196 |
| Accruals and Deferred Income | 375,767 | 88,979 | -97,713 | -239,430 | 316,917 | -72,802 | -207,506 | 1,084,176 | -1,900,364 | 1,552,279 | 925,648 | 348,085 |
| Deferred Taxes & Provisions | 140,095 | 17,370 | 2,124 | 11,923 | -19,408 | -22,472 | -23,850 | 196,523 | -257,652 | 23,084 | 46,232 | 234,568 |
| Cash flow from operations | 851,992 | 643,276 | -222,947 | 1,064,881 | -215,242 | 793,145 | -1,834,155 | -1,302,083 | 2,254,282 | 4,303,924 | 1,150,956 | -2,560,758 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -100 | 100 | ||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 144,288 | -167,765 | 211,446 | -5,539 | 6,042 | -18,284 | 51,224 | -44,429 | -1,728,918 | 2,276,529 | 1,773,347 | |
| Other Short Term Loans | ||||||||||||
| Long term loans | -1,500,000 | -1,500,000 | 1,500,000 | |||||||||
| Hire Purchase and Lease Commitments | -38,080 | -205,777 | -136,750 | 243,857 | ||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | 175,872 | 147,331 | 179,861 | 202,983 | 224,009 | 199,597 | 132,179 | 4,107 | -442 | 1,491 | -3,375 | -17,324 |
| cash flow from financing | 320,160 | -20,434 | 391,307 | 197,444 | 230,051 | 181,313 | 183,403 | 6,873,201 | -6,952,045 | -1,355,733 | 636,404 | 5,670,236 |
| cash and cash equivalents | ||||||||||||
| cash | -203 | -305 | -301,476 | 80,337 | -396,752 | 323,057 | -1,812,951 | 2,110,433 | -2,414,954 | 2,414,954 | 1,340,691 | |
| overdraft | -115,961 | -115,961 | 115,961 | |||||||||
| change in cash | -203 | -305 | -301,476 | 80,337 | -396,752 | 323,057 | -1,812,951 | 2,110,433 | -2,414,954 | 2,530,915 | 1,456,652 | -115,961 |
bearward engineering limited Credit Report and Business Information
Bearward Engineering Limited Competitor Analysis
Perform a competitor analysis for bearward engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
bearward engineering limited Ownership
BEARWARD ENGINEERING LIMITED group structure
Bearward Engineering Limited has no subsidiary companies.
Ultimate parent company
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
#0101295
2 parents
BEARWARD ENGINEERING LIMITED
01590082
bearward engineering limited directors
Bearward Engineering Limited currently has 2 directors. The longest serving directors include Ms Nichola Bramley (Oct 2022) and Mr Garry Mowbray (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Nichola Bramley | 43 years | Oct 2022 | - | Director | |
| Mr Garry Mowbray | United Kingdom | 54 years | Oct 2022 | - | Director |
P&L
December 2020turnover
30.8m
0%
operating profit
1.9m
-31%
gross margin
15.3%
-3.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
27m
+0.07%
total assets
33.4m
+0.09%
cash
2.1k
-0.09%
net assets
Total assets minus all liabilities
bearward engineering limited company details
company number
01590082
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
October 1981
age
44
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2020
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
1 more london place, more london place, london, SE1 2AF
Bank
J P MORGAN
Legal Advisor
HOWES PERCIVAL
bearward 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 5 charges/mortgages relating to bearward engineering limited. Currently there are 0 open charges and 5 have been satisfied in the past.
bearward 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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bearward engineering limited Companies House Filings - See Documents
| date | description | view/download |
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