Applied Acoustic Engineering Limited

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applied acoustic engineering limited Company Information

Live

MatureMidHealthy

Company Number

02357352

Next Accounts

Nov 2024

Industry

Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

Directors

Tracy Darling

Adam Darling

Shareholders

aae technologies limited

Group Structure

View All

Contact

Registered Address

marine house, marine park, gapton hall road, great yarmouth, norfolk, NR31 0NB

Website

www.appliedacoustics.com

applied acoustic engineering limited Estimated Valuation

£7.7m

Pomanda estimates the enterprise value of APPLIED ACOUSTIC ENGINEERING LIMITED at £7.7m based on a Turnover of £7m and 1.11x industry multiple (adjusted for size and gross margin).

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Applied Acoustic Engineering Limited is a live company located in great yarmouth, NR31 0NB with a Companies House number of 02357352. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in March 1989, it's largest shareholder is aae technologies limited with a 100% stake. Applied Acoustic Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Applied Acoustic Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £7m, make it smaller than the average company (£10.5m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.2%)

EXPORT

Applied Acoustic Engineering Limited's latest turnover from February 2023 is estimated at £7 million and the company has net assets of £1.7 million. According to their latest financial statements, Applied Acoustic Engineering Limited has 51 employees and maintains cash reserves of £91.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	6,958,950	4,844,069	3,852,270	4,879,875	4,372,249	3,853,123	3,569,730	3,762,554	3,407,287	5,901,139	4,171,193	3,571,982	3,466,337	2,616,237
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,057,166	2,763,130	2,206,942	2,758,369	2,488,201	2,199,179	2,071,047	2,151,389	2,009,728	3,443,919	2,462,733	2,118,920	2,073,639	1,605,933
Gross Profit	2,901,784	2,080,939	1,645,328	2,121,506	1,884,048	1,653,944	1,498,683	1,611,165	1,397,559	2,457,219	1,708,459	1,453,063	1,392,697	1,010,305
Admin Expenses	2,542,291	2,396,605	1,425,961	1,814,973	1,449,780	1,336,559	1,842,092	6,394,383	953,886	911,576	712,039	861,685	1,157,861	-2,995,117
Operating Profit	359,493	-315,666	219,367	306,533	434,268	317,385	-343,409	-4,783,218	443,673	1,545,643	996,420	591,378	234,836	4,005,422
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,118	1,348	291	1,681	1,570	909	1,796	10,701	13,657	9,109	5,545	4,247	3,897	2,168
Pre-Tax Profit	364,611	-314,318	219,658	308,214	435,838	318,294	-341,613	-4,772,517	457,330	1,554,752	1,001,966	595,626	238,733	4,007,590
Tax	-69,276	0	-41,735	-58,561	-82,809	-60,476	0	0	-96,039	-357,593	-240,472	-154,863	-66,845	-1,122,125
Profit After Tax	295,335	-314,318	177,923	249,653	353,029	257,818	-341,613	-4,772,517	361,291	1,197,159	761,494	440,763	171,888	2,885,465
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	295,335	-314,318	177,923	249,653	353,029	257,818	-341,613	-4,772,517	361,291	1,197,159	761,494	440,763	171,888	2,885,465
Employee Costs	2,670,009	2,416,279	2,211,731	2,240,440	1,822,191	1,630,908	1,801,167	1,850,135	1,001,029	1,688,688	1,058,211	906,261	952,102	687,772
Number Of Employees	51	48	46	48	39	36	41	44	24	41	27	24	26	19
EBITDA*	422,312	-269,486	247,852	332,311	449,653	317,385	-316,550	-4,736,126	494,961	1,603,863	1,068,310	667,802	306,877	4,078,666

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	135,016	103,672	99,027	76,445	58,041	19,552	33,719	60,351	993,255	1,031,207	1,032,343	1,089,131	1,125,928	1,178,437
Intangible Assets	35,024	37,007	38,990	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	16,207	16,207	16,207	16,207	35,623	16,310	16,207	16,207	16,207	16,207	16,207	16,207	16,207	16,207
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	186,247	156,886	154,224	92,652	93,664	35,862	49,926	76,558	1,009,462	1,047,414	1,048,550	1,105,338	1,142,135	1,194,644
Stock & work in progress	3,342,535	2,296,133	1,927,230	1,905,099	1,575,688	1,533,338	1,346,520	1,490,590	1,603,218	1,757,136	2,011,844	1,249,034	952,973	899,394
Trade Debtors	956,382	455,986	282,815	567,692	663,731	510,069	439,825	456,356	555,495	1,124,073	679,565	634,757	689,321	416,427
Group Debtors	329,014	360,698	475,801	594,757	0	0	0	0	0	0	0	0	0	0
Misc Debtors	253,679	180,945	143,727	122,829	131,219	65,575	67,359	43,886	0	0	0	0	0	0
Cash	91,506	164,386	374,849	206,444	241,797	176,940	186,755	1,249,881	3,030,392	2,432,398	1,211,020	1,007,134	691,756	867,182
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,973,116	3,458,148	3,204,422	3,396,821	2,612,435	2,285,922	2,040,459	3,240,713	5,189,105	5,313,607	3,902,429	2,890,925	2,334,050	2,183,003
total assets	5,159,363	3,615,034	3,358,646	3,489,473	2,706,099	2,321,784	2,090,385	3,317,271	6,198,567	6,361,021	4,950,979	3,996,263	3,476,185	3,377,647
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	537,432	305,240	143,024	268,065	355,129	229,412	119,828	165,921	299,666	691,113	559,769	359,335	296,020	364,948
Group/Directors Accounts	2,460,740	1,687,001	1,206,378	1,355,361	875,289	941,400	1,157,029	1,931,252	0	100,000	20,030	20,030	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	373,973	129,030	182,682	220,252	89,536	115,976	32,748	91,421	0	0	0	0	0	0
total current liabilities	3,372,145	2,121,271	1,532,084	1,843,678	1,319,954	1,286,788	1,309,605	2,188,594	299,666	791,113	579,799	379,365	296,020	364,948
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	82,549	84,433	0	0	0
other liabilities	63,748	65,628	67,508	69,388	71,268	73,148	75,028	76,908	78,788	0	0	0	0	0
provisions	0	0	16,601	11,877	0	0	1,722	6,126	1,953	30,490	27,037	32,366	34,512	37,053
total long term liabilities	63,748	65,628	84,109	81,265	71,268	73,148	76,750	83,034	80,741	113,039	111,470	32,366	34,512	37,053
total liabilities	3,435,893	2,186,899	1,616,193	1,924,943	1,391,222	1,359,936	1,386,355	2,271,628	380,407	904,152	691,269	411,731	330,532	402,001
net assets	1,723,470	1,428,135	1,742,453	1,564,530	1,314,877	961,848	704,030	1,045,643	5,818,160	5,456,869	4,259,710	3,584,532	3,145,653	2,975,646
total shareholders funds	1,723,470	1,428,135	1,742,453	1,564,530	1,314,877	961,848	704,030	1,045,643	5,818,160	5,456,869	4,259,710	3,584,532	3,145,653	2,975,646

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	359,493	-315,666	219,367	306,533	434,268	317,385	-343,409	-4,783,218	443,673	1,545,643	996,420	591,378	234,836	4,005,422
Depreciation	60,836	46,180	28,485	25,778	15,385	0	26,859	47,092	51,288	58,220	71,890	76,424	72,041	73,244
Amortisation	1,983	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-69,276	0	-41,735	-58,561	-82,809	-60,476	0	0	-96,039	-357,593	-240,472	-154,863	-66,845	-1,122,125
Stock	1,046,402	368,903	22,131	329,411	42,350	186,818	-144,070	-112,628	-153,918	-254,708	762,810	296,061	53,579	899,394
Debtors	541,446	95,286	-382,935	490,328	219,306	68,460	6,942	-55,253	-568,578	444,508	44,808	-54,564	272,894	416,427
Creditors	232,192	162,216	-125,041	-87,064	125,717	109,584	-46,093	-133,745	-391,447	131,344	200,434	63,315	-68,928	364,948
Accruals and Deferred Income	244,943	-53,652	-37,570	130,716	-26,440	83,228	-58,673	91,421	-82,549	-1,884	84,433	0	0	0
Deferred Taxes & Provisions	0	-16,601	4,724	11,877	0	-1,722	-4,404	4,173	-28,537	3,453	-5,329	-2,146	-2,541	37,053
Cash flow from operations	-757,677	-641,712	409,034	-490,460	204,465	192,721	-288,592	-4,606,396	618,885	1,189,383	299,758	332,611	-157,910	2,042,721
Investing Activities
capital expenditure	-92,180	-48,842	-90,057	-44,182	-53,874	14,167	-227	885,812	-13,336	-57,084	-15,102	-39,627	-19,532	-1,251,681
Change in Investments	0	0	0	-19,416	19,313	103	0	0	0	0	0	0	0	16,207
cash flow from investments	-92,180	-48,842	-90,057	-24,766	-73,187	14,064	-227	885,812	-13,336	-57,084	-15,102	-39,627	-19,532	-1,267,888
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	773,739	480,623	-148,983	480,072	-66,111	-215,629	-774,223	1,931,252	-100,000	79,970	0	20,030	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	-1,880	-1,880	-1,880	-1,880	-1,880	-1,880	-1,880	-1,880	78,788	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	-86,316	-1,884	-1,881	90,181
interest	5,118	1,348	291	1,681	1,570	909	1,796	10,701	13,657	9,109	5,545	4,247	3,897	2,168
cash flow from financing	776,977	480,091	-150,572	479,873	-66,421	-216,600	-774,307	1,940,073	-7,555	89,079	-80,771	22,393	2,016	92,349
cash and cash equivalents
cash	-72,880	-210,463	168,405	-35,353	64,857	-9,815	-1,063,126	-1,780,511	597,994	1,221,378	203,886	315,378	-175,426	867,182
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-72,880	-210,463	168,405	-35,353	64,857	-9,815	-1,063,126	-1,780,511	597,994	1,221,378	203,886	315,378	-175,426	867,182

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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APPLIED ACOUSTIC ENGINEERING LIMITED group structure

Applied Acoustic Engineering Limited has no subsidiary companies.

Ultimate parent company

AAE TECHNOLOGIES LIMITED

09425946

1 parent

APPLIED ACOUSTIC ENGINEERING LIMITED

02357352

APPLIED ACOUSTIC ENGINEERING LIMITED Shareholders

aae technologies limited

100%

Applied Acoustic Engineering Limited currently has 2 directors. The longest serving directors include Ms Tracy Darling (Jul 1991) and Mr Adam Darling (Jul 1991).

officer	country	age	start	end	role
Ms Tracy Darling	England	59 years	Jul 1991	-	Director
Mr Adam Darling		63 years	Jul 1991	-	Director

P&L

February 2023

turnover

+44%

operating profit

359.5k

gross margin

41.7%

-2.93%

turnover

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

Balance Sheet

February 2023

net assets

1.7m

+0.21%

total assets

5.2m

+0.43%

cash

91.5k

-0.44%

net assets

Total assets minus all liabilities

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company number

02357352

Type

Private limited with Share Capital

industry

26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

incorporation date

March 1989

ultimate parent company

AAE TECHNOLOGIES LIMITED

previous names

N/A

address

marine house, marine park, gapton hall road, great yarmouth, norfolk, NR31 0NB

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 3 charges/mortgages relating to applied acoustic engineering limited. Currently there are 0 open charges and 3 have been satisfied in the past.

applied acoustic engineering limited Company Information

applied acoustic engineering limited Estimated Valuation

applied acoustic engineering limited Estimated Valuation

applied acoustic engineering limited Estimated Valuation

Applied Acoustic Engineering Limited Overview

Applied Acoustic Engineering Limited Health Check

APPLIED ACOUSTIC ENGINEERING LIMITED financials

applied acoustic engineering limited Credit Report and Business Information

Applied Acoustic Engineering Limited Competitor Analysis

applied acoustic engineering limited Ownership

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applied acoustic engineering limited company details

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