mechanical engineering services (avon) ltd.
mechanical engineering services (avon) ltd. Company Information
Company Number
02301306
Website
http://mes-avon.co.ukRegistered Address
staverton court staverton, cheltenham, GL51 0UX
Industry
Plumbing, heat and air-conditioning installation
Telephone
-
Next Accounts Due
1782 days late
Group Structure
View All
Shareholders
andrew stone 39.5%
drew stone 32.5%
View Allmechanical engineering services (avon) ltd. Estimated Valuation
Pomanda estimates the enterprise value of MECHANICAL ENGINEERING SERVICES (AVON) LTD. at £1.5m based on a Turnover of £3.2m and 0.46x industry multiple (adjusted for size and gross margin).
mechanical engineering services (avon) ltd. Estimated Valuation
Pomanda estimates the enterprise value of MECHANICAL ENGINEERING SERVICES (AVON) LTD. at £151.3k based on an EBITDA of £28.9k and a 5.23x industry multiple (adjusted for size and gross margin).
mechanical engineering services (avon) ltd. Estimated Valuation
Pomanda estimates the enterprise value of MECHANICAL ENGINEERING SERVICES (AVON) LTD. at £450.7k based on Net Assets of £138.7k and 3.25x industry multiple (adjusted for liquidity).
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Mechanical Engineering Services (avon) Ltd. Overview
Mechanical Engineering Services (avon) Ltd. is a live company located in cheltenham, GL51 0UX with a Companies House number of 02301306. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in September 1988, it's largest shareholder is andrew stone with a 39.5% stake. Mechanical Engineering Services (avon) Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.
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Mechanical Engineering Services (avon) Ltd. Health Check
Pomanda's financial health check has awarded Mechanical Engineering Services (Avon) Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £3.2m, make it larger than the average company (£225.8k)
- Mechanical Engineering Services (avon) Ltd.
£225.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.1%)
- Mechanical Engineering Services (avon) Ltd.
7.1% - Industry AVG
Production
with a gross margin of 35%, this company has a comparable cost of product (35%)
- Mechanical Engineering Services (avon) Ltd.
35% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (10%)
- Mechanical Engineering Services (avon) Ltd.
10% - Industry AVG
Employees
with 27 employees, this is above the industry average (6)
27 - Mechanical Engineering Services (avon) Ltd.
6 - Industry AVG
Pay Structure
on an average salary of £31.8k, the company has an equivalent pay structure (£31.8k)
- Mechanical Engineering Services (avon) Ltd.
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £117.2k, this is equally as efficient (£109.5k)
- Mechanical Engineering Services (avon) Ltd.
£109.5k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (45 days)
- Mechanical Engineering Services (avon) Ltd.
45 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (42 days)
- Mechanical Engineering Services (avon) Ltd.
42 days - Industry AVG
Stock Days
it holds stock equivalent to 86 days, this is more than average (9 days)
- Mechanical Engineering Services (avon) Ltd.
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Mechanical Engineering Services (avon) Ltd.
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.3%, this is a higher level of debt than the average (69.4%)
80.3% - Mechanical Engineering Services (avon) Ltd.
69.4% - Industry AVG
MECHANICAL ENGINEERING SERVICES (AVON) LTD. financials
Mechanical Engineering Services (Avon) Ltd.'s latest turnover from October 2017 is estimated at £3.2 million and the company has net assets of £138.7 thousand. According to their latest financial statements, Mechanical Engineering Services (Avon) Ltd. has 27 employees and maintains cash reserves of £5.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 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 | 27 | 26 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,242 | 19,853 | 24,257 | 23,306 | 264,207 | 253,677 | 254,338 | 254,528 | 174,881 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,242 | 19,853 | 24,257 | 23,306 | 264,207 | 253,677 | 254,338 | 254,528 | 174,881 |
| Stock & work in progress | 486,113 | 171,615 | 156,273 | 190,256 | 214,738 | 99,731 | 86,200 | 97,911 | 142,329 |
| Trade Debtors | 172,766 | 167,852 | 320,599 | 328,992 | 304,658 | 392,494 | 290,519 | 346,498 | 324,293 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 21,271 | 18,356 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 |
| Cash | 5,489 | 0 | 0 | 93,666 | 944 | 944 | 943 | 943 | 942 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 685,639 | 357,823 | 476,872 | 612,914 | 520,340 | 493,169 | 377,662 | 445,352 | 469,564 |
| total assets | 703,881 | 377,676 | 501,129 | 636,220 | 784,547 | 746,846 | 632,000 | 699,880 | 644,445 |
| Bank overdraft | 0 | 22,274 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 445,777 | 161,481 | 302,790 | 425,995 | 493,595 | 507,256 | 421,884 | 453,846 | 348,786 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 119,370 | 72,598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 565,147 | 256,353 | 302,790 | 425,995 | 493,595 | 507,256 | 421,884 | 453,846 | 348,786 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 16,743 | 30,448 | 43,598 | 56,761 | 69,313 |
| provisions | 0 | 0 | 537 | 2,421 | 23,388 | 10,019 | 1,258 | 5,636 | 3,944 |
| total long term liabilities | 0 | 0 | 537 | 2,421 | 40,131 | 40,467 | 44,856 | 62,397 | 73,257 |
| total liabilities | 565,147 | 256,353 | 303,327 | 428,416 | 533,726 | 547,723 | 466,740 | 516,243 | 422,043 |
| net assets | 138,734 | 121,323 | 197,802 | 207,804 | 250,821 | 199,123 | 165,260 | 183,637 | 222,402 |
| total shareholders funds | 138,734 | 121,323 | 197,802 | 207,804 | 250,821 | 199,123 | 165,260 | 183,637 | 222,402 |
| Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 6,728 | 6,939 | 8,083 | 7,446 | 8,906 | 5,394 | 5,633 | 5,671 | 7,333 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 314,498 | 15,342 | -33,983 | -24,482 | 115,007 | 13,531 | -11,711 | -44,418 | 142,329 |
| Debtors | 7,829 | -134,391 | -8,393 | 24,334 | -87,836 | 101,975 | -55,979 | 20,205 | 326,293 |
| Creditors | 284,296 | -141,309 | -123,205 | -67,600 | -13,661 | 85,372 | -31,962 | 105,060 | 348,786 |
| Accruals and Deferred Income | 46,772 | 72,598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -537 | -1,884 | -20,967 | 13,369 | 8,761 | -4,378 | 1,692 | 3,944 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -16,743 | -13,705 | -13,150 | -13,163 | -12,552 | 69,313 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 5,489 | 0 | -93,666 | 92,722 | 0 | 1 | 0 | 1 | 942 |
| overdraft | -22,274 | 22,274 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 27,763 | -22,274 | -93,666 | 92,722 | 0 | 1 | 0 | 1 | 942 |
mechanical engineering services (avon) ltd. Credit Report and Business Information
Mechanical Engineering Services (avon) Ltd. Competitor Analysis
Perform a competitor analysis for mechanical engineering services (avon) ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mechanical engineering services (avon) ltd. Ownership
MECHANICAL ENGINEERING SERVICES (AVON) LTD. group structure
Mechanical Engineering Services (Avon) Ltd. has no subsidiary companies.
Ultimate parent company
MECHANICAL ENGINEERING SERVICES (AVON) LTD.
02301306
mechanical engineering services (avon) ltd. directors
Mechanical Engineering Services (Avon) Ltd. currently has 2 directors. The longest serving directors include Mr Andrew Stone (Sep 1991) and Mr Drew Stone (Oct 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Stone | 76 years | Sep 1991 | - | Director | |
| Mr Drew Stone | 39 years | Oct 2012 | - | Director |
P&L
October 2017turnover
3.2m
+72%
operating profit
22.2k
0%
gross margin
35%
-2.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2017net assets
138.7k
+0.14%
total assets
703.9k
+0.86%
cash
5.5k
0%
net assets
Total assets minus all liabilities
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mechanical engineering services (avon) ltd. company details
company number
02301306
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
September 1988
age
36
accounts
Total Exemption Full
ultimate parent company
previous names
biteplan limited (June 1989)
incorporated
UK
address
staverton court staverton, cheltenham, GL51 0UX
last accounts submitted
October 2017
mechanical engineering services (avon) ltd. 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 2 charges/mortgages relating to mechanical engineering services (avon) ltd.. Currently there are 2 open charges and 0 have been satisfied in the past.
mechanical engineering services (avon) ltd. Companies House Filings - See Documents
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