bearing & engineering services limited Company Information
Company Number
01609877
Website
http://brgandeng.co.ukRegistered 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
View All
Shareholders
angela bond 80%
edward brown 12.5%
View Allbearing & engineering services limited Estimated Valuation
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
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
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).
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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
5 Strong
3 Regular
4 Weak
Size
annual sales of £3.3m, make it smaller than the average company (£9.6m)
- Bearing & Engineering Services Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a faster rate (-0.1%)
- Bearing & Engineering Services Limited
-0.1% - Industry AVG
Production
with a gross margin of 17.4%, this company has a comparable cost of product (17.4%)
- Bearing & Engineering Services Limited
17.4% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (3.1%)
- Bearing & Engineering Services Limited
3.1% - Industry AVG
Employees
with 13 employees, this is below the industry average (69)
13 - Bearing & Engineering Services Limited
69 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£47k)
- Bearing & Engineering Services Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £257.3k, this is more efficient (£182.2k)
- Bearing & Engineering Services Limited
£182.2k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (45 days)
- Bearing & Engineering Services Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (36 days)
- Bearing & Engineering Services Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is more than average (6 days)
- Bearing & Engineering Services Limited
6 days - Industry AVG
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
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
Bearing & Engineering Services Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Angela Bond | England | 67 years | Apr 1997 | - | Director |
Mr Kevin Jennison | England | 61 years | Apr 1997 | - | Director |
BEARING & ENGINEERING SERVICES LIMITED financials
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 13 | 13 | 13 | 13 | 13 | 13 | 14 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 3,683 | 4,333 | 5,097 | 8,194 | 9,911 | 11,660 | 13,717 | 15,840 | 16,259 | 16,637 | 19,367 | 15,372 | 31,771 | 33,787 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 3,683 | 4,333 | 5,097 | 8,194 | 9,911 | 11,660 | 13,717 | 15,840 | 16,259 | 16,637 | 19,367 | 15,372 | 31,771 | 33,787 |
Stock & work in progress | 233,956 | 238,990 | 264,395 | 257,729 | 258,607 | 262,490 | 281,490 | 271,944 | 270,355 | 256,043 | 260,889 | 238,007 | 205,660 | 183,626 |
Trade Debtors | 327,482 | 345,964 | 320,897 | 332,180 | 321,688 | 325,436 | 312,471 | 284,198 | 291,161 | 330,156 | 347,596 | 406,735 | 381,620 | 309,551 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 34,652 | 42,418 | 7,493 | 7,976 | 8,650 | 8,403 | 13,429 | 11,146 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 30,931 | 17,132 | 10,135 | 6,807 | 5,487 | 8,606 | 2,576 | 5,830 | 6,590 | 1,086 | 3,623 | 4,297 | 9,441 | 881 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 627,021 | 644,504 | 602,920 | 604,692 | 594,432 | 604,935 | 609,966 | 573,118 | 568,106 | 587,285 | 612,108 | 649,039 | 596,721 | 494,058 |
total assets | 630,704 | 648,837 | 608,017 | 612,886 | 604,343 | 616,595 | 623,683 | 588,958 | 584,365 | 603,922 | 631,475 | 664,411 | 628,492 | 527,845 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 310,600 | 332,296 | 333,747 | 258,730 | 306,824 | 269,077 | 278,863 | 237,774 | 472,819 | 505,714 | 517,322 | 577,075 | 550,224 | 484,428 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 59,216 | 74,178 | 99,271 | 223,236 | 155,758 | 217,139 | 230,274 | 247,894 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 369,816 | 406,474 | 433,018 | 481,966 | 462,582 | 486,216 | 509,137 | 485,668 | 472,819 | 505,714 | 517,322 | 577,075 | 550,224 | 484,428 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,905 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,905 |
total liabilities | 369,816 | 406,474 | 433,018 | 481,966 | 462,582 | 486,216 | 509,137 | 485,668 | 472,819 | 505,714 | 517,322 | 577,075 | 550,224 | 486,333 |
net assets | 260,888 | 242,363 | 174,999 | 130,920 | 141,761 | 130,379 | 114,546 | 103,290 | 111,546 | 98,208 | 114,153 | 87,336 | 78,268 | 41,512 |
total shareholders funds | 260,888 | 242,363 | 174,999 | 130,920 | 141,761 | 130,379 | 114,546 | 103,290 | 111,546 | 98,208 | 114,153 | 87,336 | 78,268 | 41,512 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 650 | 764 | 900 | 1,462 | 1,749 | 2,057 | 2,421 | 2,795 | 2,868 | 2,936 | 8,756 | 8,355 | 7,067 | 8,203 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -5,034 | -25,405 | 6,666 | -878 | -3,883 | -19,000 | 9,546 | 1,589 | 14,312 | -4,846 | 22,882 | 32,347 | 22,034 | 183,626 |
Debtors | -26,248 | 59,992 | -11,766 | 9,818 | -3,501 | 7,939 | 30,556 | 4,183 | -38,995 | -17,440 | -59,139 | 25,115 | 72,069 | 309,551 |
Creditors | -21,696 | -1,451 | 75,017 | -48,094 | 37,747 | -9,786 | 41,089 | -235,045 | -32,895 | -11,608 | -59,753 | 26,851 | 65,796 | 484,428 |
Accruals and Deferred Income | -14,962 | -25,093 | -123,965 | 67,478 | -61,381 | -13,135 | -17,620 | 247,894 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,905 | 1,905 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 13,799 | 6,997 | 3,328 | 1,320 | -3,119 | 6,030 | -3,254 | -760 | 5,504 | -2,537 | -674 | -5,144 | 8,560 | 881 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 13,799 | 6,997 | 3,328 | 1,320 | -3,119 | 6,030 | -3,254 | -760 | 5,504 | -2,537 | -674 | -5,144 | 8,560 | 881 |
P&L
March 2023turnover
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 2023net 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
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.
bearing & engineering services limited Companies House Filings - See Documents
date | description | view/download |
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