T.n.c. Precision Engineering Limited

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t.n.c. precision engineering limited Company Information

Live

MatureSmallHealthy

Company Number

02286485

Website

www.tncprecision.com

Registered Address

1 roman court hurricane way, wickford, essex, SS11 8YB

Industry

Other manufacturing n.e.c.

Telephone

01268764631

Next Accounts Due

May 2025

Group Structure

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Directors

Stephen Westall32 Years

Shareholders

mr stephen westall 60%

mrs jennifer westall 40%

t.n.c. precision engineering limited Estimated Valuation

£871.2k

Pomanda estimates the enterprise value of T.N.C. PRECISION ENGINEERING LIMITED at £871.2k based on Net Assets of £467.6k and 1.86x industry multiple (adjusted for liquidity).

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T.n.c. Precision Engineering Limited is a live company located in essex, SS11 8YB with a Companies House number of 02286485. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in August 1988, it's largest shareholder is mr stephen westall with a 60% stake. T.n.c. Precision Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded T.N.C. Precision Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.6%)

EXPORT

T.N.C. Precision Engineering Limited's latest turnover from August 2023 is estimated at £1.6 million and the company has net assets of £467.6 thousand. According to their latest financial statements, T.N.C. Precision Engineering Limited has 25 employees and maintains cash reserves of £290 thousand 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	1,582,264	1,737,499	1,447,955	1,106,665	1,241,645	1,107,680	1,068,834	1,033,924	574,412	442,408	451,646	477,350	528,895	401,118	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,264,722	1,391,577	1,170,544	884,324	988,425	876,096	830,242	796,408	447,069	344,429	351,018	370,507	408,824	310,092	0
Gross Profit	317,542	345,922	277,412	222,341	253,220	231,585	238,592	237,516	127,343	97,979	100,628	106,844	120,071	91,026	0
Admin Expenses	414,854	252,179	333,335	190,478	97,634	158,840	180,281	264,082	64,273	-4,515	60,800	109,087	24,682	80,954	-77,682
Operating Profit	-97,312	93,743	-55,923	31,863	155,586	72,745	58,311	-26,566	63,070	102,494	39,828	-2,243	95,389	10,072	77,682
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,304	3,363	270	180	576	605	238	344	675	506	432	331	207	142	100
Pre-Tax Profit	-87,008	97,106	-55,653	32,043	156,162	73,349	58,549	-26,222	63,745	103,000	40,260	-1,912	95,596	10,214	77,782
Tax	0	-18,450	0	-6,088	-29,671	-13,936	-11,124	0	-12,749	-21,630	-9,260	0	-24,855	-2,860	-21,779
Profit After Tax	-87,008	78,656	-55,653	25,955	126,491	59,413	47,425	-26,222	50,996	81,370	31,000	-1,912	70,741	7,354	56,003
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-87,008	78,656	-55,653	25,955	126,491	59,413	47,425	-26,222	50,996	81,370	31,000	-1,912	70,741	7,354	56,003
Employee Costs	1,014,828	964,583	774,763	693,122	679,157	561,532	543,191	532,737	97,268	63,701	92,919	93,907	90,464	88,339	0
Number Of Employees	25	25	21	19	19	16	16	16	3	2	3	3	3	3	0
EBITDA*	-1,746	203,003	52,630	116,640	241,530	129,485	110,773	13,144	92,392	139,062	64,004	21,307	121,919	35,401	96,666

* 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	459,384	557,151	661,683	523,236	532,405	331,114	281,861	205,823	155,302	178,543	93,390	113,713	138,715	140,158	80,982
Intangible Assets	2,000	3,000	4,000	5,000	6,000	7,000	8,000	9,000	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	461,384	560,151	665,683	528,236	538,405	338,114	289,861	214,823	155,302	178,543	93,390	113,713	138,715	140,158	80,982
Stock & work in progress	2,398	1,922	1,414	1,562	747	2,876	3,010	2,860	848	322	214	274	953	1,624	2,818
Trade Debtors	316,785	483,844	325,866	192,257	344,204	326,348	304,103	273,827	189,567	160,897	136,561	153,914	181,529	135,881	86,074
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	290,003	122,142	262,200	278,696	81,169	72,309	88,968	101,350	173,671	96,134	106,375	66,445	66,090	16,663	40,117
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	609,186	607,908	589,480	472,515	426,120	401,533	396,081	378,037	364,086	257,353	243,150	220,633	248,572	154,168	129,009
total assets	1,070,570	1,168,059	1,255,163	1,000,751	964,525	739,647	685,942	592,860	519,388	435,896	336,540	334,346	387,287	294,326	209,991
Bank overdraft	0	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	0
Trade Creditors	387,364	349,730	525,244	360,091	255,125	245,399	287,085	256,400	152,243	89,651	137,323	129,521	139,458	96,130	78,335
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	387,364	349,730	525,244	360,091	255,125	245,399	287,085	256,400	152,243	89,651	137,323	129,521	139,458	96,130	78,335
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	215,597	246,000	236,246	91,334	186,029	97,368	61,390	46,418	50,881	81,634	19,095	52,584	88,762	109,088	64,000
provisions	0	17,712	17,712	17,712	17,712	17,712	17,712	17,712	17,712	17,055	13,936	17,055	21,969	22,751	8,653
total long term liabilities	215,597	263,712	253,958	109,046	203,741	115,080	79,102	64,130	68,593	98,689	33,031	69,639	110,731	131,839	72,653
total liabilities	602,961	613,442	779,202	469,137	458,866	360,479	366,187	320,530	220,836	188,340	170,354	199,160	250,189	227,969	150,988
net assets	467,609	554,617	475,961	531,614	505,659	379,168	319,755	272,330	298,552	247,556	166,186	135,186	137,098	66,357	59,003
total shareholders funds	467,609	554,617	475,961	531,614	505,659	379,168	319,755	272,330	298,552	247,556	166,186	135,186	137,098	66,357	59,003

	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	-97,312	93,743	-55,923	31,863	155,586	72,745	58,311	-26,566	63,070	102,494	39,828	-2,243	95,389	10,072	77,682
Depreciation	94,566	108,260	107,553	83,777	84,944	55,740	51,462	38,710	29,322	36,568	24,176	23,550	26,530	25,329	18,984
Amortisation	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	0	0	0	0	0	0	0
Tax	0	-18,450	0	-6,088	-29,671	-13,936	-11,124	0	-12,749	-21,630	-9,260	0	-24,855	-2,860	-21,779
Stock	476	508	-148	815	-2,129	-134	150	2,012	526	108	-60	-679	-671	-1,194	2,818
Debtors	-167,059	157,978	133,609	-151,947	17,856	22,245	30,276	84,260	28,670	24,336	-17,353	-27,615	45,648	49,807	86,074
Creditors	37,634	-175,514	165,153	104,966	9,726	-41,686	30,685	104,157	62,592	-47,672	7,802	-9,937	43,328	17,795	78,335
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-17,712	0	0	0	0	0	0	0	657	3,119	-3,119	-4,914	-782	14,098	8,653
Cash flow from operations	184,759	-149,447	84,322	366,650	205,858	51,752	99,908	31,029	113,696	48,435	76,840	34,750	94,633	15,821	72,983
Investing Activities
capital expenditure	3,201	-3,728	-246,000	-74,608	-286,235	-104,993	-127,500	-99,231	-6,081	-121,721	-3,853	1,452	-25,087	-84,505	-99,966
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,201	-3,728	-246,000	-74,608	-286,235	-104,993	-127,500	-99,231	-6,081	-121,721	-3,853	1,452	-25,087	-84,505	-99,966
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-30,403	9,754	144,912	-94,695	88,661	35,978	14,972	-4,463	-30,753	62,539	-33,489	-36,178	-20,326	45,088	64,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000
interest	10,304	3,363	270	180	576	605	238	344	675	506	432	331	207	142	100
cash flow from financing	-20,099	13,117	145,182	-94,515	89,237	36,583	15,210	-4,119	-30,078	63,045	-33,057	-35,847	-20,119	45,230	67,100
cash and cash equivalents
cash	167,861	-140,058	-16,496	197,527	8,860	-16,659	-12,382	-72,321	77,537	-10,241	39,930	355	49,427	-23,454	40,117
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	167,861	-140,058	-16,496	197,527	8,860	-16,659	-12,382	-72,321	77,537	-10,241	39,930	355	49,427	-23,454	40,117

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for t.n.c. precision engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SS11 area or any other competitors across 12 key performance metrics.

T.N.C. PRECISION ENGINEERING LIMITED group structure

T.N.C. Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

T.N.C. PRECISION ENGINEERING LIMITED

02286485

T.N.C. PRECISION ENGINEERING LIMITED Shareholders

mr stephen westall	60%
mrs jennifer westall	40%

T.N.C. Precision Engineering Limited currently has 1 director, Mr Stephen Westall serving since Jan 1992.

officer	country	age	start	end	role
Mr Stephen Westall	United Kingdom	68 years	Jan 1992	-	Director

P&L

August 2023

turnover

1.6m

-9%

operating profit

-97.3k

gross margin

20.1%

+0.8%

turnover

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

Balance Sheet

August 2023

net assets

467.6k

-0.16%

total assets

1.1m

-0.08%

cash

290k

+1.37%

net assets

Total assets minus all liabilities

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company number

02286485

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

August 1988

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

August 2023

address

1 roman court hurricane way, wickford, essex, SS11 8YB

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 1 charges/mortgages relating to t.n.c. precision engineering limited. Currently there are 1 open charges and 0 have been satisfied in the past.

t.n.c. precision engineering limited Company Information

t.n.c. precision engineering limited Estimated Valuation

t.n.c. precision engineering limited Estimated Valuation

t.n.c. precision engineering limited Estimated Valuation

T.n.c. Precision Engineering Limited Overview

T.n.c. Precision Engineering Limited Health Check

T.N.C. PRECISION ENGINEERING LIMITED financials

t.n.c. precision engineering limited Credit Report and Business Information

T.n.c. Precision Engineering Limited Competitor Analysis

t.n.c. precision engineering limited Ownership

t.n.c. precision engineering limited directors

t.n.c. precision engineering limited company details

t.n.c. precision engineering limited Charges & Mortgages

t.n.c. precision engineering limited Companies House Filings - See Documents