bearing & engineering services limited

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bearing & engineering services limited Company Information

Share BEARING & ENGINEERING SERVICES LIMITED
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Company Number

01609877

Registered Address

adelphi chambers, 30 hoghton street, southport, merseyside, PR9 0NZ

Industry

Construction of utility projects for fluids

 

Telephone

01695720481

Next Accounts Due

December 2024

Group Structure

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Directors

Angela Bond26 Years

Kevin Jennison26 Years

Shareholders

angela bond 80%

edward brown 12.5%

View All

bearing & engineering services limited Estimated Valuation

£803k

Pomanda estimates the enterprise value of BEARING & ENGINEERING SERVICES LIMITED at £803k based on a Turnover of £3.3m and 0.24x industry multiple (adjusted for size and gross margin).

bearing & engineering services limited Estimated Valuation

£76.2k

Pomanda estimates the enterprise value of BEARING & ENGINEERING SERVICES LIMITED at £76.2k based on an EBITDA of £22.5k and a 3.39x industry multiple (adjusted for size and gross margin).

bearing & engineering services limited Estimated Valuation

£422.6k

Pomanda estimates the enterprise value of BEARING & ENGINEERING SERVICES LIMITED at £422.6k based on Net Assets of £260.9k and 1.62x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Bearing & Engineering Services Limited Overview

Bearing & Engineering Services Limited is a live company located in southport, PR9 0NZ with a Companies House number of 01609877. It operates in the construction of utility projects for fluids sector, SIC Code 42210. Founded in January 1982, it's largest shareholder is angela bond with a 80% stake. Bearing & Engineering Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with low growth in recent years.

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Bearing & Engineering Services Limited Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £3.3m, make it smaller than the average company (£9.6m)

£3.3m - Bearing & Engineering Services Limited

£9.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a faster rate (-0.1%)

1% - Bearing & Engineering Services Limited

-0.1% - Industry AVG

production

Production

with a gross margin of 17.4%, this company has a comparable cost of product (17.4%)

17.4% - Bearing & Engineering Services Limited

17.4% - Industry AVG

profitability

Profitability

an operating margin of 0.7% make it less profitable than the average company (3.1%)

0.7% - Bearing & Engineering Services Limited

3.1% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (69)

13 - Bearing & Engineering Services Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £47k, the company has an equivalent pay structure (£47k)

£47k - Bearing & Engineering Services Limited

£47k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £257.3k, this is more efficient (£182.2k)

£257.3k - Bearing & Engineering Services Limited

£182.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 35 days, this is earlier than average (45 days)

35 days - Bearing & Engineering Services Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 41 days, this is slower than average (36 days)

41 days - Bearing & Engineering Services Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 30 days, this is more than average (6 days)

30 days - Bearing & Engineering Services Limited

6 days - Industry AVG

cashbalance

Cash Balance

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

4 weeks - Bearing & Engineering Services Limited

3 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 58.6%, this is a lower level of debt than the average (87.8%)

58.6% - Bearing & Engineering Services Limited

87.8% - Industry AVG

bearing & engineering services 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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Bearing & Engineering Services Limited Competitor Analysis

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Perform a competitor analysis for bearing & engineering services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

bearing & engineering services limited Ownership

BEARING & ENGINEERING SERVICES LIMITED group structure

Bearing & Engineering Services Limited has no subsidiary companies.

Ultimate parent company

BEARING & ENGINEERING SERVICES LIMITED

01609877

BEARING & ENGINEERING SERVICES LIMITED Shareholders

angela bond 80%
edward brown 12.5%
kevin wilfrid jennison 5%
david alan shute 2.5%

bearing & engineering services limited directors

Bearing & Engineering Services Limited currently has 2 directors. The longest serving directors include Ms Angela Bond (Apr 1997) and Mr Kevin Jennison (Apr 1997).

officercountryagestartendrole
Ms Angela BondEngland67 years Apr 1997- Director
Mr Kevin JennisonEngland61 years Apr 1997- Director

BEARING & ENGINEERING SERVICES LIMITED financials

EXPORTms excel logo

Bearing & Engineering Services Limited's latest turnover from March 2023 is estimated at £3.3 million and the company has net assets of £260.9 thousand. According to their latest financial statements, Bearing & Engineering Services Limited has 13 employees and maintains cash reserves of £30.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover3,345,4624,150,6773,843,0573,225,7362,941,2132,435,2202,375,0333,109,0474,606,9102,150,9493,494,4673,642,2402,998,0883,442,654
Other Income Or Grants00000000000000
Cost Of Sales2,762,5153,364,3162,810,0842,326,7742,188,2541,715,6101,662,3752,370,7933,312,6701,482,3042,374,1362,514,2292,097,2412,643,072
Gross Profit582,947786,3621,032,972898,962752,959719,610712,658738,2531,294,240668,6451,120,3301,128,011900,847799,582
Admin Expenses561,098703,299978,562909,809738,960700,091698,599746,5401,277,376684,6021,085,0641,115,791849,823763,729
Operating Profit21,84983,06354,410-10,84713,99919,51914,059-8,28716,864-15,95735,26612,22051,02435,853
Interest Payable00000000000000
Interest Receivable1,021102865328113119122034262
Pre-Tax Profit22,87083,16554,419-10,84114,05219,54714,070-8,25616,884-15,94535,28612,25451,05035,856
Tax-4,345-15,801-10,3400-2,670-3,714-2,8140-3,5460-8,469-3,186-14,294-10,040
Profit After Tax18,52567,36444,079-10,84111,38215,83311,256-8,25613,338-15,94526,8179,06836,75625,816
Dividends Paid00000000000000
Retained Profit18,52567,36444,079-10,84111,38215,83311,256-8,25613,338-15,94526,8179,06836,75625,816
Employee Costs610,909535,324609,483586,892555,336510,402539,678820,3641,115,001625,2641,168,5011,365,941770,1111,020,417
Number Of Employees1313131313131422301738362127
EBITDA*22,49983,82755,310-9,38515,74821,57616,480-5,49219,732-13,02144,02220,57558,09144,056

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets3,6834,3335,0978,1949,91111,66013,71715,84016,25916,63719,36715,37231,77133,787
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets3,6834,3335,0978,1949,91111,66013,71715,84016,25916,63719,36715,37231,77133,787
Stock & work in progress233,956238,990264,395257,729258,607262,490281,490271,944270,355256,043260,889238,007205,660183,626
Trade Debtors327,482345,964320,897332,180321,688325,436312,471284,198291,161330,156347,596406,735381,620309,551
Group Debtors00000000000000
Misc Debtors34,65242,4187,4937,9768,6508,40313,42911,146000000
Cash30,93117,13210,1356,8075,4878,6062,5765,8306,5901,0863,6234,2979,441881
misc current assets00000000000000
total current assets627,021644,504602,920604,692594,432604,935609,966573,118568,106587,285612,108649,039596,721494,058
total assets630,704648,837608,017612,886604,343616,595623,683588,958584,365603,922631,475664,411628,492527,845
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 310,600332,296333,747258,730306,824269,077278,863237,774472,819505,714517,322577,075550,224484,428
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities59,21674,17899,271223,236155,758217,139230,274247,894000000
total current liabilities369,816406,474433,018481,966462,582486,216509,137485,668472,819505,714517,322577,075550,224484,428
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000001,905
provisions00000000000000
total long term liabilities00000000000001,905
total liabilities369,816406,474433,018481,966462,582486,216509,137485,668472,819505,714517,322577,075550,224486,333
net assets260,888242,363174,999130,920141,761130,379114,546103,290111,54698,208114,15387,33678,26841,512
total shareholders funds260,888242,363174,999130,920141,761130,379114,546103,290111,54698,208114,15387,33678,26841,512
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit21,84983,06354,410-10,84713,99919,51914,059-8,28716,864-15,95735,26612,22051,02435,853
Depreciation6507649001,4621,7492,0572,4212,7952,8682,9368,7568,3557,0678,203
Amortisation00000000000000
Tax-4,345-15,801-10,3400-2,670-3,714-2,8140-3,5460-8,469-3,186-14,294-10,040
Stock-5,034-25,4056,666-878-3,883-19,0009,5461,58914,312-4,84622,88232,34722,034183,626
Debtors-26,24859,992-11,7669,818-3,5017,93930,5564,183-38,995-17,440-59,13925,11572,069309,551
Creditors-21,696-1,45175,017-48,09437,747-9,78641,089-235,045-32,895-11,608-59,75326,85165,796484,428
Accruals and Deferred Income-14,962-25,093-123,96567,478-61,381-13,135-17,620247,894000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations12,7786,8951,1221,059-3,1726,002-2,9671,5857,974-2,34312,057-13,22215,49025,267
Investing Activities
capital expenditure002,19725500-298-2,376-2,490-206-12,7518,044-5,051-41,990
Change in Investments00000000000000
cash flow from investments002,19725500-298-2,376-2,490-206-12,7518,044-5,051-41,990
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities000000000000-1,9051,905
share issue000000000000015,696
interest1,021102865328113119122034262
cash flow from financing1,021102865328113119122034-1,87917,603
cash and cash equivalents
cash13,7996,9973,3281,320-3,1196,030-3,254-7605,504-2,537-674-5,1448,560881
overdraft00000000000000
change in cash13,7996,9973,3281,320-3,1196,030-3,254-7605,504-2,537-674-5,1448,560881

P&L

March 2023

turnover

3.3m

-19%

operating profit

21.8k

0%

gross margin

17.5%

-8.03%

turnover

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

Balance Sheet

March 2023

net assets

260.9k

+0.08%

total assets

630.7k

-0.03%

cash

30.9k

+0.81%

net assets

Total assets minus all liabilities

bearing & engineering services limited company details

company number

01609877

Type

Private limited with Share Capital

industry

42210 - Construction of utility projects for fluids

incorporation date

January 1982

age

42

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

adelphi chambers, 30 hoghton street, southport, merseyside, PR9 0NZ

last accounts submitted

March 2023

bearing & engineering 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 6 charges/mortgages relating to bearing & engineering services limited. Currently there are 3 open charges and 3 have been satisfied in the past.

charges

bearing & engineering services limited Companies House Filings - See Documents

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