vere engineering limited
vere engineering limited Company Information
Company Number
02244568
Website
-Registered Address
79 caroline street, birmingham, B3 1UP
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
-
Next Accounts Due
April 2024
Group Structure
View All
Shareholders
quadriga engineering ltd 80.7%
andrew hayward 19.4%
vere engineering limited Estimated Valuation
The estimated valuation range for vere engineering limited, derived from financial data as of September 2016 and the most recent industry multiples, is between £260.8k to £1m
vere engineering limited Estimated Valuation
The estimated valuation range for vere engineering limited, derived from financial data as of September 2016 and the most recent industry multiples, is between £260.8k to £1m
vere engineering limited Estimated Valuation
The estimated valuation range for vere engineering limited, derived from financial data as of September 2016 and the most recent industry multiples, is between £260.8k to £1m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Vere Engineering Limited Overview
Vere Engineering Limited is a dissolved company that was located in birmingham, B3 1UP with a Companies House number of 02244568. It operated in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in April 1988, it's largest shareholder was quadriga engineering ltd with a 80.6% stake. The last turnover for Vere Engineering Limited was estimated at £2m.
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Vere Engineering Limited Health Check
Pomanda's financial health check has awarded Vere Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £2m, make it smaller than the average company (£7.1m)
- Vere Engineering Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 105%, show it is growing at a faster rate (1.5%)
- Vere Engineering Limited
1.5% - Industry AVG
Production
with a gross margin of 22.1%, this company has a higher cost of product (31.3%)
- Vere Engineering Limited
31.3% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (5.3%)
- Vere Engineering Limited
5.3% - Industry AVG
Employees
with 12 employees, this is below the industry average (71)
- Vere Engineering Limited
71 - Industry AVG
Pay Structure
on an average salary of £32.9k, the company has an equivalent pay structure (£32.9k)
- Vere Engineering Limited
£32.9k - Industry AVG
Efficiency
resulting in sales per employee of £170.4k, this is more efficient (£116.1k)
- Vere Engineering Limited
£116.1k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (66 days)
- Vere Engineering Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 244 days, this is slower than average (51 days)
- Vere Engineering Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is in line with average (47 days)
- Vere Engineering Limited
47 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Vere Engineering Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.2%, this is a higher level of debt than the average (52.5%)
88.2% - Vere Engineering Limited
52.5% - Industry AVG
vere engineering limited Credit Report and Business Information
Vere Engineering Limited Competitor Analysis
Perform a competitor analysis for vere engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
vere engineering limited Ownership
VERE ENGINEERING LIMITED group structure
Vere Engineering Limited has no subsidiary companies.
Ultimate parent company
1 parent
VERE ENGINEERING LIMITED
02244568
vere engineering limited directors
Vere Engineering Limited currently has 3 directors. The longest serving directors include Mr David Cardwell (Jun 2014) and Mr Andrew Hayward (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Cardwell | 62 years | Jun 2014 | - | Director | |
| Mr Andrew Hayward | United Kingdom | 57 years | Apr 2015 | - | Director |
| Mr Michael Jones | United Kingdom | 60 years | Sep 2017 | - | Director |
VERE ENGINEERING LIMITED financials
Vere Engineering Limited's latest turnover from September 2016 is estimated at £2 million and the company has net assets of £149.8 thousand. According to their latest financial statements, we estimate that Vere Engineering Limited has 12 employees and maintains cash reserves of £21.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 230,718 | 163,619 | 39,589 | 9,636 | 12,796 | 15,916 | 8,946 | 11,664 |
| Intangible Assets | 44,000 | 49,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 155,280 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 151,867 | 151,067 | 135,100 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 581,865 | 364,186 | 174,689 | 9,636 | 12,796 | 15,916 | 8,946 | 11,664 |
| Stock & work in progress | 213,210 | 123,439 | 10,700 | 10,700 | 4,600 | 4,600 | 4,000 | 3,500 |
| Trade Debtors | 450,071 | 372,342 | 100,896 | 55,275 | 61,774 | 70,967 | 53,292 | 71,390 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 9,261 | 0 | 0 |
| Cash | 21,461 | 10,166 | 5,287 | 105,579 | 84,322 | 83,114 | 95,388 | 91,138 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 684,742 | 505,947 | 116,883 | 171,554 | 150,696 | 167,942 | 152,680 | 166,028 |
| total assets | 1,266,607 | 870,133 | 291,572 | 181,190 | 163,492 | 183,858 | 161,626 | 177,692 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,068,911 | 675,343 | 137,509 | 113,525 | 127,759 | 136,747 | 124,411 | 138,049 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,068,911 | 675,343 | 137,509 | 113,525 | 127,759 | 136,747 | 124,411 | 138,049 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 25,794 | 68,769 | 32,115 | 0 | 0 | 0 | 0 | 0 |
| provisions | 22,055 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 47,849 | 68,769 | 32,115 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,116,760 | 744,112 | 169,624 | 113,525 | 127,759 | 136,747 | 124,411 | 138,049 |
| net assets | 149,847 | 126,021 | 121,948 | 67,665 | 35,733 | 47,111 | 37,215 | 39,643 |
| total shareholders funds | 149,847 | 126,021 | 121,948 | 67,665 | 35,733 | 47,111 | 37,215 | 39,643 |
| Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 35,317 | 19,551 | 13,156 | 3,211 | 4,075 | 5,306 | 2,953 | 3,790 |
| Amortisation | 5,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 89,771 | 112,739 | 0 | 6,100 | 0 | 600 | 500 | 3,500 |
| Debtors | 78,529 | 287,413 | 180,721 | -6,499 | -18,454 | 26,936 | -18,098 | 71,390 |
| Creditors | 393,568 | 537,834 | 23,984 | -14,234 | -8,988 | 12,336 | -13,638 | 138,049 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 22,055 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 155,280 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -42,975 | 36,654 | 32,115 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 11,295 | 4,879 | -100,292 | 21,257 | 1,208 | -12,274 | 4,250 | 91,138 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 11,295 | 4,879 | -100,292 | 21,257 | 1,208 | -12,274 | 4,250 | 91,138 |
P&L
September 2016turnover
2m
+35%
operating profit
29.7k
0%
gross margin
22.1%
+1.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2016net assets
149.8k
+0.19%
total assets
1.3m
+0.46%
cash
21.5k
+1.11%
net assets
Total assets minus all liabilities
vere engineering limited company details
company number
02244568
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
April 1988
age
36
accounts
Total Exemption Small
ultimate parent company
previous names
bughot limited (May 1988)
incorporated
UK
address
79 caroline street, birmingham, B3 1UP
last accounts submitted
September 2016
vere 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 did not find charges/mortgages relating to vere engineering limited.
vere engineering limited Companies House Filings - See Documents
| date | description | view/download |
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