Skilled Manufacturing Limited

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skilled manufacturing limited Company Information

Live

MatureSmallDeclining

Company Number

02567448

Website

www.skilled-manufacturing.co.uk

Registered Address

unit 1-3 vernon road, halesowen, west midlands, B62 8HN

Industry

Machining

Telephone

01215590776

Next Accounts Due

September 2025

Group Structure

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Directors

Steven Green26 Years

Shareholders

mr steven e. green 100%

skilled manufacturing limited Estimated Valuation

£351.2k

Pomanda estimates the enterprise value of SKILLED MANUFACTURING LIMITED at £351.2k based on a Turnover of £876.4k and 0.4x industry multiple (adjusted for size and gross margin).

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Skilled Manufacturing Limited is a live company located in west midlands, B62 8HN with a Companies House number of 02567448. It operates in the machining sector, SIC Code 25620. Founded in December 1990, it's largest shareholder is mr steven e. green with a 100% stake. Skilled Manufacturing Limited is a mature, small sized company, Pomanda has estimated its turnover at £876.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Skilled Manufacturing Limited a 3 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 Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £876.4k, make it smaller than the average company (£10.3m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.2%)

EXPORT

Skilled Manufacturing Limited's latest turnover from December 2023 is estimated at £876.4 thousand and the company has net assets of £199.6 thousand. According to their latest financial statements, Skilled Manufacturing Limited has 10 employees and maintains cash reserves of £168.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	876,385	898,154	1,060,390	1,052,601	929,245	929,747	1,091,931	1,122,541	1,392,049	1,094,380	1,043,987	1,075,071	1,028,175	1,516,825	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	625,486	650,093	769,439	759,162	662,364	657,102	763,691	784,810	982,148	767,491	732,347	760,894	722,052	1,043,183	0
Gross Profit	250,899	248,061	290,951	293,439	266,881	272,645	328,240	337,731	409,901	326,888	311,640	314,178	306,123	473,641	0
Admin Expenses	184,899	359,567	251,201	309,217	294,808	813,762	42,697	548,778	469,528	177,544	229,745	180,418	559,925	104,116	-758,817
Operating Profit	66,000	-111,506	39,750	-15,778	-27,927	-541,117	285,543	-211,047	-59,627	149,344	81,895	133,760	-253,802	369,525	758,817
Interest Payable	3,284	3,974	3,166	1,622	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,766	4,685	391	139	1,079	1,199	853	679	2,081	2,066	1,517	974	1,330	1,864	886
Pre-Tax Profit	69,483	-110,795	36,975	-17,261	-26,848	-539,918	286,396	-210,369	-57,546	151,410	83,412	134,734	-252,472	371,389	759,703
Tax	-17,371	0	-7,025	0	0	0	-54,415	0	0	-31,796	-19,185	-32,336	0	-103,989	-212,717
Profit After Tax	52,112	-110,795	29,950	-17,261	-26,848	-539,918	231,981	-210,369	-57,546	119,614	64,227	102,398	-252,472	267,400	546,986
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	52,112	-110,795	29,950	-17,261	-26,848	-539,918	231,981	-210,369	-57,546	119,614	64,227	102,398	-252,472	267,400	546,986
Employee Costs	435,382	551,000	609,482	480,632	466,000	439,583	546,891	533,096	527,090	354,053	274,042	312,032	269,289	428,145	0
Number Of Employees	10	13	15	12	12	12	15	15	15	10	8	9	8	13	0
EBITDA*	88,697	-81,838	57,847	-13,276	-24,983	-537,653	289,618	-207,479	-55,429	154,282	87,635	138,997	-248,803	376,729	767,223

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	72,179	94,039	123,707	14,181	16,683	19,627	23,091	212,880	216,448	220,646	225,084	222,339	34,214	40,058	44,607
Intangible Assets	0	0	0	0	0	0	0	0	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	72,179	94,039	123,707	14,181	16,683	19,627	23,091	212,880	216,448	220,646	225,084	222,339	34,214	40,058	44,607
Stock & work in progress	10,000	15,000	12,145	7,025	7,375	7,200	6,150	5,750	7,150	8,045	8,150	9,800	11,200	10,000	10,000
Trade Debtors	207,277	189,362	249,599	264,146	224,247	237,185	284,532	288,123	356,090	310,160	284,239	318,649	331,668	502,058	411,047
Group Debtors	0	0	0	0	0	0	425,808	0	0	0	0	0	0	0	0
Misc Debtors	8,780	7,626	13,115	14,054	5,963	5,506	39,685	21,655	0	0	17,643	0	177,988	0	0
Cash	168,542	102,109	165,610	147,242	130,278	157,528	162,191	179,145	363,656	468,622	357,952	248,803	140,837	391,285	354,399
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	394,599	314,097	440,469	432,467	367,863	407,419	918,366	494,673	726,896	786,827	667,984	577,252	661,693	903,343	775,446
total assets	466,778	408,136	564,176	446,648	384,546	427,046	941,457	707,553	943,344	1,007,473	893,068	799,591	695,907	943,401	820,053
Bank overdraft	9,723	9,375	0	6,526	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	9,121	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	32,665	40,529	62,129	74,948	66,474	71,544	72,491	67,227	148,471	154,349	158,834	127,330	128,390	122,477	266,492
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	3,002	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	74,934	16,822	16,822	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	117,388	69,334	54,930	87,732	69,591	79,672	52,630	56,426	0	0	0	0	0	0	0
total current liabilities	234,710	136,060	143,002	169,206	136,065	151,216	125,121	123,653	148,471	154,349	158,834	130,332	128,390	122,477	266,492
loans	14,444	26,165	39,002	46,651	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	74,934	91,757	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	18,045	23,510	32,153	2,479	2,908	3,409	3,997	3,542	4,146	4,851	5,575	4,827	5,483	6,418	6,455
total long term liabilities	32,489	124,609	162,912	49,130	2,908	3,409	3,997	3,542	4,146	4,851	5,575	4,827	5,483	6,418	6,455
total liabilities	267,199	260,669	305,914	218,336	138,973	154,625	129,118	127,195	152,617	159,200	164,409	135,159	133,873	128,895	272,947
net assets	199,579	147,467	258,262	228,312	245,573	272,421	812,339	580,358	790,727	848,273	728,659	664,432	562,034	814,506	547,106
total shareholders funds	199,579	147,467	258,262	228,312	245,573	272,421	812,339	580,358	790,727	848,273	728,659	664,432	562,034	814,506	547,106

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	66,000	-111,506	39,750	-15,778	-27,927	-541,117	285,543	-211,047	-59,627	149,344	81,895	133,760	-253,802	369,525	758,817
Depreciation	22,697	29,668	18,097	2,502	2,944	3,464	4,075	3,568	4,198	4,938	5,740	5,237	4,999	7,204	8,406
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-17,371	0	-7,025	0	0	0	-54,415	0	0	-31,796	-19,185	-32,336	0	-103,989	-212,717
Stock	-5,000	2,855	5,120	-350	175	1,050	400	-1,400	-895	-105	-1,650	-1,400	1,200	0	10,000
Debtors	19,069	-65,726	-15,486	47,990	-12,481	-507,334	440,247	-46,312	45,930	8,278	-16,767	-191,007	7,598	91,011	411,047
Creditors	-7,864	-21,600	-12,819	8,474	-5,070	-947	5,264	-81,244	-5,878	-4,485	31,504	-1,060	5,913	-144,015	266,492
Accruals and Deferred Income	48,054	14,404	-32,802	18,141	-10,081	27,042	-3,796	56,426	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,465	-8,643	29,674	-429	-501	-588	455	-604	-705	-724	748	-656	-935	-37	6,455
Cash flow from operations	91,982	-34,806	45,241	-34,730	-28,329	-5,862	-203,521	-185,189	-107,047	109,104	119,119	297,352	-252,623	37,677	406,406
Investing Activities
capital expenditure	-837	0	-127,623	0	0	0	185,714	0	0	-500	-8,485	-193,362	845	-2,655	-53,013
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-837	0	-127,623	0	0	0	185,714	0	0	-500	-8,485	-193,362	845	-2,655	-53,013
Financing Activities
Bank loans	0	-9,121	9,121	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	-3,002	3,002	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	-11,721	-12,837	-7,649	46,651	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-16,822	-16,823	108,579	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120
interest	3,482	711	-2,775	-1,483	1,079	1,199	853	679	2,081	2,066	1,517	974	1,330	1,864	886
cash flow from financing	-25,061	-38,070	107,276	45,168	1,079	1,199	853	679	2,081	2,066	-1,485	3,976	1,330	1,864	1,006
cash and cash equivalents
cash	66,433	-63,501	18,368	16,964	-27,250	-4,663	-16,954	-184,511	-104,966	110,670	109,149	107,966	-250,448	36,886	354,399
overdraft	348	9,375	-6,526	6,526	0	0	0	0	0	0	0	0	0	0	0
change in cash	66,085	-72,876	24,894	10,438	-27,250	-4,663	-16,954	-184,511	-104,966	110,670	109,149	107,966	-250,448	36,886	354,399

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SKILLED MANUFACTURING LIMITED group structure

Skilled Manufacturing Limited has no subsidiary companies.

Ultimate parent company

SKILLED MANUFACTURING LIMITED

02567448

SKILLED MANUFACTURING LIMITED Shareholders

mr steven e. green

100%

Skilled Manufacturing Limited currently has 1 director, Mr Steven Green serving since May 1998.

officer	country	age	start	end	role
Mr Steven Green	England	46 years	May 1998	-	Director

P&L

December 2023

turnover

876.4k

-2%

operating profit

66k

gross margin

28.7%

+3.66%

turnover

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

Balance Sheet

December 2023

net assets

199.6k

+0.35%

total assets

466.8k

+0.14%

cash

168.5k

+0.65%

net assets

Total assets minus all liabilities

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company number

02567448

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

December 1990

ultimate parent company

None

previous names

insignia industries limited (January 1991)

address

unit 1-3 vernon road, halesowen, west midlands, B62 8HN

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.

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skilled manufacturing limited Company Information

skilled manufacturing limited Estimated Valuation

skilled manufacturing limited Estimated Valuation

skilled manufacturing limited Estimated Valuation

Skilled Manufacturing Limited Overview

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SKILLED MANUFACTURING LIMITED financials

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