wykes engineering co. (rushden) limited
wykes engineering co. (rushden) limited Company Information
Company Number
01665017
Next Accounts
May 2025
Shareholders
david john wykes
Group Structure
View All
Industry
Manufacture of ovens, furnaces and furnace burners
+1Registered Address
goosey lodge, wymington, nr rushden, northants, NN10 9LU
Website
http://wykes.ukwykes engineering co. (rushden) limited Estimated Valuation
Pomanda estimates the enterprise value of WYKES ENGINEERING CO. (RUSHDEN) LIMITED at £66.5m based on a Turnover of £44.9m and 1.48x industry multiple (adjusted for size and gross margin).
wykes engineering co. (rushden) limited Estimated Valuation
Pomanda estimates the enterprise value of WYKES ENGINEERING CO. (RUSHDEN) LIMITED at £26.2m based on an EBITDA of £4.4m and a 5.93x industry multiple (adjusted for size and gross margin).
wykes engineering co. (rushden) limited Estimated Valuation
Pomanda estimates the enterprise value of WYKES ENGINEERING CO. (RUSHDEN) LIMITED at £97.4m based on Net Assets of £38.1m and 2.56x industry multiple (adjusted for liquidity).
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Wykes Engineering Co. (rushden) Limited Overview
Wykes Engineering Co. (rushden) Limited is a live company located in nr rushden, NN10 9LU with a Companies House number of 01665017. It operates in the manufacture of ovens, furnaces and furnace burners sector, SIC Code 28210. Founded in September 1982, it's largest shareholder is david john wykes with a 100% stake. Wykes Engineering Co. (rushden) Limited is a mature, large sized company, Pomanda has estimated its turnover at £44.9m with high growth in recent years.
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Wykes Engineering Co. (rushden) Limited Health Check
Pomanda's financial health check has awarded Wykes Engineering Co. (Rushden) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £44.9m, make it larger than the average company (£9.2m)
£44.9m - Wykes Engineering Co. (rushden) Limited
£9.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.1%)
19% - Wykes Engineering Co. (rushden) Limited
6.1% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (47.7%)
17.2% - Wykes Engineering Co. (rushden) Limited
47.7% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (28%)
2.4% - Wykes Engineering Co. (rushden) Limited
28% - Industry AVG
Employees
with 80 employees, this is above the industry average (37)
80 - Wykes Engineering Co. (rushden) Limited
37 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has an equivalent pay structure (£59.3k)
£58.2k - Wykes Engineering Co. (rushden) Limited
£59.3k - Industry AVG
Efficiency
resulting in sales per employee of £561.6k, this is more efficient (£305k)
£561.6k - Wykes Engineering Co. (rushden) Limited
£305k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (44 days)
74 days - Wykes Engineering Co. (rushden) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (38 days)
19 days - Wykes Engineering Co. (rushden) Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (33 days)
15 days - Wykes Engineering Co. (rushden) Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (9 weeks)
9 weeks - Wykes Engineering Co. (rushden) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (75.6%)
30.8% - Wykes Engineering Co. (rushden) Limited
75.6% - Industry AVG
WYKES ENGINEERING CO. (RUSHDEN) LIMITED financials
Wykes Engineering Co. (Rushden) Limited's latest turnover from August 2023 is £44.9 million and the company has net assets of £38.1 million. According to their latest financial statements, Wykes Engineering Co. (Rushden) Limited has 80 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 44,930,000 | 40,990,000 | 30,766,000 | 26,793,236 | 19,219,137 | 21,761,246 | 21,888,676 | 33,915,443 | 45,290,557 | 37,159,849 | 18,224,489 | 20,319,495 | 21,012,160 | 21,462,081 | 22,456,066 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 37,217,000 | 30,456,000 | 22,363,000 | 24,662,713 | 17,665,781 | 19,277,945 | 16,660,480 | 28,166,289 | 39,925,247 | 33,636,551 | 15,537,254 | 17,632,341 | 14,715,952 | 15,317,154 | 14,120,459 |
| Gross Profit | 7,713,000 | 10,534,000 | 8,403,000 | 2,130,523 | 1,553,356 | 2,483,301 | 5,228,196 | 5,749,154 | 5,365,310 | 3,523,298 | 2,687,235 | 2,687,154 | 6,296,208 | 6,144,927 | 8,335,607 |
| Admin Expenses | 6,618,000 | 6,066,000 | 6,030,000 | 2,417,632 | 2,424,371 | 2,135,598 | 2,155,591 | 1,985,183 | 2,429,756 | 2,025,747 | 1,981,076 | 1,947,501 | 1,926,251 | 2,537,382 | 2,467,159 |
| Operating Profit | 1,095,000 | 4,468,000 | 2,373,000 | -287,109 | -871,015 | 347,703 | 3,072,605 | 3,763,971 | 2,935,554 | 1,497,551 | 706,159 | 739,653 | 4,369,957 | 3,607,545 | 5,868,448 |
| Interest Payable | 383,000 | 323,000 | 305,000 | 303,780 | 374,883 | 355,012 | 331,152 | 328,043 | 335,800 | 333,479 | 334,044 | 333,606 | 333,604 | 339,318 | 8,158 |
| Interest Receivable | 201,000 | 90,000 | 92,000 | 101,441 | 196,910 | 191,545 | 91,947 | 98,971 | 10,636 | 32,558 | 270,155 | 482,562 | 352,062 | 196,249 | 316,997 |
| Pre-Tax Profit | 913,000 | 4,235,000 | 2,160,000 | -439,323 | -994,428 | 242,194 | 2,894,247 | 3,571,730 | 2,708,098 | 1,231,537 | 664,403 | 888,609 | 4,407,372 | 3,485,680 | 6,195,595 |
| Tax | -364,000 | -775,000 | 40,000 | 125,959 | 141,576 | -84,353 | -632,924 | -582,728 | -573,565 | -210,214 | -61,351 | -264,575 | -1,259,296 | -988,035 | -1,523,362 |
| Profit After Tax | 549,000 | 3,460,000 | 2,200,000 | -313,364 | -852,852 | 157,841 | 2,261,323 | 2,989,002 | 2,134,533 | 1,021,323 | 603,052 | 624,034 | 3,148,076 | 2,497,645 | 4,672,233 |
| Dividends Paid | 2,000 | ||||||||||||||
| Retained Profit | 403,000 | 3,460,000 | 2,200,000 | -313,364 | -852,852 | 157,841 | 2,261,323 | 2,989,002 | 2,134,533 | 1,021,323 | 603,052 | 624,034 | 3,148,076 | 2,497,645 | 4,672,233 |
| Employee Costs | 4,658,000 | 4,271,000 | 3,797,000 | 3,791,406 | 3,491,421 | 3,019,272 | 2,974,761 | 2,942,150 | 3,143,152 | 3,083,574 | 3,160,615 | 3,011,176 | 2,527,371 | 2,341,210 | 2,635,572 |
| Number Of Employees | 80 | 81 | 80 | 79 | 72 | 71 | 71 | 73 | 74 | 76 | 77 | 75 | 69 | 69 | 73 |
| EBITDA* | 4,425,000 | 7,998,000 | 6,177,000 | 4,271,400 | 3,256,205 | 3,675,907 | 5,815,741 | 5,326,043 | 4,852,182 | 3,763,288 | 3,203,828 | 2,899,264 | 5,937,739 | 4,489,476 | 6,352,435 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 25,975,000 | 11,409,000 | 10,781,000 | 9,406,128 | 9,613,217 | 8,710,896 | 8,751,116 | 6,870,790 | 5,053,116 | 4,968,698 | 6,401,532 | 6,975,338 | 6,543,851 | 4,870,133 | 3,873,404 |
| Intangible Assets | 293,000 | ||||||||||||||
| Investments & Other | 776,906 | 736,285 | 692,045 | 645,106 | 596,296 | 566,909 | 488,735 | 459,521 | 443,676 | 425,069 | 409,560 | 392,197 | |||
| Debtors (Due After 1 year) | 1,885,000 | 1,535,428 | 1,194,185 | 978,225 | 745,190 | 605,292 | 588,405 | 6,632,479 | 6,674,950 | 593,652 | |||||
| Total Fixed Assets | 28,153,000 | 11,409,000 | 10,781,000 | 11,718,462 | 11,543,687 | 10,381,166 | 10,141,412 | 8,072,378 | 6,208,430 | 12,089,912 | 13,536,003 | 8,012,666 | 6,968,920 | 5,279,693 | 4,265,601 |
| Stock & work in progress | 1,530,000 | 10,348,000 | 2,716,000 | 4,344,789 | 1,640,944 | 1,941,655 | 1,877,022 | 1,991,225 | 12,942,311 | 13,814,964 | 15,014,651 | 1,819,036 | 1,972,753 | 1,556,210 | 228,946 |
| Trade Debtors | 9,210,000 | 5,424,000 | 4,589,000 | 5,395,844 | 5,694,258 | 7,763,534 | 8,495,495 | 4,436,747 | 6,570,549 | 4,337,560 | 3,975,898 | 3,911,358 | 6,138,583 | 7,403,965 | 5,220,790 |
| Group Debtors | 3,160,000 | 24,602,000 | 3,146,000 | 22,654,045 | 2,673,250 | 56,899 | 18,776,089 | 21,771,406 | 8,579,929 | 1,122 | 990 | 2,360 | 764 | 861 | 575 |
| Misc Debtors | 11,663,000 | 3,943,000 | 24,532,000 | 118,219 | 19,660,332 | 22,500,557 | 1,106,870 | 1,453,678 | 15,314,136 | 6,864,162 | 6,668,666 | 8,400,084 | 7,183,741 | 6,314,243 | 6,945,291 |
| Cash | 3,034,000 | 2,514,000 | 2,879,000 | 3,060,093 | 2,950,000 | 2,774,846 | 2,999,470 | 3,348,740 | 3,935,801 | 5,016,552 | 11,549,384 | 16,286,806 | 13,316,507 | 8,463,560 | 12,429,452 |
| misc current assets | |||||||||||||||
| total current assets | 28,597,000 | 46,831,000 | 37,862,000 | 35,572,990 | 32,618,784 | 35,037,491 | 33,254,946 | 33,001,796 | 47,342,726 | 30,034,360 | 37,209,589 | 30,419,644 | 28,612,348 | 23,738,839 | 24,825,054 |
| total assets | 56,750,000 | 58,240,000 | 48,643,000 | 47,291,452 | 44,162,471 | 45,418,657 | 43,396,358 | 41,074,174 | 53,551,156 | 42,124,272 | 50,745,592 | 38,432,310 | 35,581,268 | 29,018,532 | 29,090,655 |
| Bank overdraft | 6,622 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,966,000 | 1,793,000 | 1,590,000 | 2,876,947 | 902,565 | 3,696,522 | 1,570,729 | 932,525 | 1,028,906 | 1,079,811 | 2,146,148 | 1,543,536 | 1,032,736 | 1,641,348 | 937,798 |
| Group/Directors Accounts | 13,228,000 | 8,577,000 | 4,055,000 | 3,592,332 | 2,736,128 | 221,199 | 36,459 | 118,476 | 786,037 | 4,828,324 | 4,742,043 | 4,726,388 | 4,679,432 | 4,863,946 | 4,579,655 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,260,000 | 9,121,000 | 7,709,000 | 8,603,242 | 7,991,483 | 8,115,789 | 8,561,864 | 9,057,190 | 23,759,232 | 10,373,689 | 19,036,276 | 7,944,313 | 6,712,689 | 2,498,284 | 6,062,515 |
| total current liabilities | 17,454,000 | 19,491,000 | 13,354,000 | 15,072,521 | 11,630,176 | 12,033,510 | 10,169,052 | 10,108,191 | 25,574,175 | 16,281,824 | 25,924,467 | 14,214,237 | 12,424,857 | 9,010,200 | 11,579,968 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 17,454,000 | 19,491,000 | 13,354,000 | 15,072,521 | 11,630,176 | 12,033,510 | 10,169,052 | 10,108,191 | 25,574,175 | 16,281,824 | 25,924,467 | 14,214,237 | 12,424,857 | 9,010,200 | 11,579,968 |
| net assets | 38,110,000 | 38,749,000 | 35,289,000 | 32,218,931 | 32,532,295 | 33,385,147 | 33,227,306 | 30,965,983 | 27,976,981 | 25,842,448 | 24,821,125 | 24,218,073 | 23,156,411 | 20,008,332 | 17,510,687 |
| total shareholders funds | 38,110,000 | 38,749,000 | 35,289,000 | 32,218,931 | 32,532,295 | 33,385,147 | 33,227,306 | 30,965,983 | 27,976,981 | 25,842,448 | 24,821,125 | 24,218,073 | 23,156,411 | 20,008,332 | 17,510,687 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,095,000 | 4,468,000 | 2,373,000 | -287,109 | -871,015 | 347,703 | 3,072,605 | 3,763,971 | 2,935,554 | 1,497,551 | 706,159 | 739,653 | 4,369,957 | 3,607,545 | 5,868,448 |
| Depreciation | 3,196,000 | 3,530,000 | 3,804,000 | 4,558,509 | 4,127,220 | 3,328,204 | 2,743,136 | 1,562,072 | 1,916,628 | 2,265,737 | 2,497,669 | 2,159,611 | 1,567,782 | 881,931 | 483,987 |
| Amortisation | 134,000 | ||||||||||||||
| Tax | -364,000 | -775,000 | 40,000 | 125,959 | 141,576 | -84,353 | -632,924 | -582,728 | -573,565 | -210,214 | -61,351 | -264,575 | -1,259,296 | -988,035 | -1,523,362 |
| Stock | -8,818,000 | 7,632,000 | -1,628,789 | 2,703,845 | -300,711 | 64,633 | -114,203 | -10,951,086 | -872,653 | -1,199,687 | 13,195,615 | -153,717 | 416,543 | 1,327,264 | 228,946 |
| Debtors | -8,051,000 | 1,702,000 | 2,563,464 | 481,511 | -2,077,190 | 2,175,571 | 856,521 | -2,785,896 | 13,217,696 | 514,819 | 4,413,050 | -415,634 | -395,981 | 1,552,413 | 12,166,656 |
| Creditors | 173,000 | 203,000 | -1,286,947 | 1,974,382 | -2,793,957 | 2,125,793 | 638,204 | -96,381 | -50,905 | -1,066,337 | 602,612 | 510,800 | -608,612 | 703,550 | 937,798 |
| Accruals and Deferred Income | -6,861,000 | 1,412,000 | -894,242 | 611,759 | -124,306 | -446,075 | -495,326 | -14,702,042 | 13,385,543 | -8,662,587 | 11,091,963 | 1,231,624 | 4,214,405 | -3,564,231 | 6,062,515 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 14,242,000 | -496,000 | 3,101,136 | 3,798,144 | 2,857,419 | 3,031,068 | 4,583,377 | 3,681,874 | 5,268,212 | -5,490,982 | -2,771,613 | 4,946,464 | 8,263,674 | -2,238,917 | -566,216 |
| Investing Activities | |||||||||||||||
| capital expenditure | -5,006,517 | -3,280,703 | -4,623,907 | -3,370,209 | -1,992,922 | -832,298 | -1,921,354 | -2,589,392 | -3,246,199 | -1,873,511 | -723,121 | ||||
| Change in Investments | -776,906 | 40,621 | 44,240 | 46,939 | 48,810 | 29,387 | 78,174 | 29,214 | 15,845 | 18,607 | 15,509 | 17,363 | 392,197 | ||
| cash flow from investments | 776,906 | -40,621 | -5,050,757 | -3,327,642 | -4,672,717 | -3,399,596 | -2,071,096 | -861,512 | -1,937,199 | -2,607,999 | -3,261,708 | -1,890,874 | -1,115,318 | ||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 4,651,000 | 4,522,000 | 462,668 | 856,204 | 2,514,929 | 184,740 | -82,017 | -667,561 | -4,042,287 | 86,281 | 15,655 | 46,956 | -184,514 | 284,291 | 4,579,655 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -182,000 | -233,000 | -213,000 | -202,339 | -177,973 | -163,467 | -239,205 | -229,072 | -325,164 | -300,921 | -63,889 | 148,956 | 18,458 | -143,069 | 308,839 |
| cash flow from financing | 3,427,000 | 4,289,000 | 1,119,737 | 653,865 | 2,336,956 | 21,273 | -321,222 | -896,633 | -4,367,451 | -214,640 | -48,234 | 633,540 | -166,053 | 141,222 | 17,726,948 |
| cash and cash equivalents | |||||||||||||||
| cash | 520,000 | -365,000 | -181,093 | 110,093 | 175,154 | -224,624 | -349,270 | -587,061 | -1,080,751 | -6,532,832 | -4,737,422 | 2,970,299 | 4,852,947 | -3,965,892 | 12,429,452 |
| overdraft | -6,622 | 6,622 | |||||||||||||
| change in cash | 520,000 | -365,000 | -181,093 | 110,093 | 175,154 | -224,624 | -349,270 | -587,061 | -1,080,751 | -6,532,832 | -4,737,422 | 2,970,299 | 4,859,569 | -3,972,514 | 12,429,452 |
wykes engineering co. (rushden) limited Credit Report and Business Information
Wykes Engineering Co. (rushden) Limited Competitor Analysis
Perform a competitor analysis for wykes engineering co. (rushden) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NN10 area or any other competitors across 12 key performance metrics.
wykes engineering co. (rushden) limited Ownership
WYKES ENGINEERING CO. (RUSHDEN) LIMITED group structure
Wykes Engineering Co. (Rushden) Limited has no subsidiary companies.
Ultimate parent company
WYKES ENGINEERING CO. (RUSHDEN) LIMITED
01665017
wykes engineering co. (rushden) limited directors
Wykes Engineering Co. (Rushden) Limited currently has 2 directors. The longest serving directors include Mr David Wykes (Dec 1991) and Mr William Wykes (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Wykes | England | 67 years | Dec 1991 | - | Director |
| Mr William Wykes | England | 34 years | Sep 2022 | - | Director |
P&L
August 2023turnover
44.9m
+10%
operating profit
1.1m
-75%
gross margin
17.2%
-33.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
38.1m
-0.02%
total assets
56.8m
-0.03%
cash
3m
+0.21%
net assets
Total assets minus all liabilities
wykes engineering co. (rushden) limited company details
company number
01665017
Type
Private limited with Share Capital
industry
28210 - Manufacture of ovens, furnaces and furnace burners
35110 - Production of electricity
incorporation date
September 1982
age
43
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
wymington commercial garage limited (March 1983)
accountant
-
auditor
SAFFERY LLP
address
goosey lodge, wymington, nr rushden, northants, NN10 9LU
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
wykes engineering co. (rushden) 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 4 charges/mortgages relating to wykes engineering co. (rushden) limited. Currently there are 4 open charges and 0 have been satisfied in the past.
wykes engineering co. (rushden) 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.
Click to start generating capital raising & share issue transactions for WYKES ENGINEERING CO. (RUSHDEN) LIMITED. This can take several minutes, an email will notify you when this has completed.
wykes engineering co. (rushden) limited Companies House Filings - See Documents
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