Lowley Engineering Limited

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lowley engineering limited Company Information

Live (In Receivership)

MatureSmallDeclining

Company Number

02636900

Website

www.lowleyengineering.co.uk

Registered Address

2nd floor 40 queen square, bristol, BS1 4QP

Industry

Machining

Telephone

01566773998

Next Accounts Due

585 days late

Group Structure

View All

Directors

Hanif Saddiq3 Years

Shareholders

cre8network group ltd 100%

lowley engineering limited Estimated Valuation

£496k

Pomanda estimates the enterprise value of LOWLEY ENGINEERING LIMITED at £496k based on a Turnover of £1.3m and 0.39x industry multiple (adjusted for size and gross margin).

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Lowley Engineering Limited is a live company located in bristol, BS1 4QP with a Companies House number of 02636900. It operates in the machining sector, SIC Code 25620. Founded in August 1991, it's largest shareholder is cre8network group ltd with a 100% stake. Lowley Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Lowley Engineering Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£8.3m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (-0.3%)

EXPORT

Lowley Engineering Limited's latest turnover from June 2021 is estimated at £1.3 million and the company has net assets of £250.8 thousand. According to their latest financial statements, Lowley Engineering Limited has 15 employees and maintains cash reserves of £5.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,265,003	1,285,424	1,420,403	1,407,373	1,686,381	1,632,016	2,137,869	1,593,313	1,297,568	1,233,441	1,019,236	903,944	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	924,484	918,433	1,017,793	981,215	1,183,578	1,150,839	1,508,355	1,106,527	913,263	869,435	702,367	614,489	0
Gross Profit	340,519	366,991	402,610	426,158	502,803	481,177	629,514	486,786	384,306	364,006	316,870	289,455	0
Admin Expenses	328,921	409,531	399,233	364,279	437,118	574,444	528,222	368,743	355,707	326,895	144,835	167,978	-17,372
Operating Profit	11,598	-42,540	3,377	61,879	65,685	-93,267	101,292	118,043	28,599	37,111	172,035	121,477	17,372
Interest Payable	53,778	27,173	14,848	15,644	15,814	8,760	2,050	6,761	12,720	16,000	17,915	20,155	11,257
Interest Receivable	37	53	141	35	17	33	66	120	88	1	1	1	0
Pre-Tax Profit	-42,143	-69,660	-11,330	46,270	49,889	-101,994	99,308	111,403	15,968	21,112	154,120	101,322	6,115
Tax	0	0	0	-8,791	-9,479	0	-19,861	-23,395	-3,673	-5,067	-40,071	-28,370	-1,712
Profit After Tax	-42,143	-69,660	-11,330	37,479	40,410	-101,994	79,446	88,008	12,295	16,045	114,049	72,952	4,403
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-42,143	-69,660	-11,330	37,479	40,410	-101,994	79,446	88,008	12,295	16,045	114,049	72,952	4,403
Employee Costs	579,597	592,670	553,756	613,616	650,860	597,369	696,362	519,531	376,852	374,310	297,527	294,116	0
Number Of Employees	15	15	15	17	18	17	20	15	11	11	9	9	0
EBITDA*	101,598	72,094	106,943	171,747	156,909	-7,336	182,839	186,923	96,973	95,137	239,103	186,800	77,488

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	707,172	797,172	911,806	1,008,762	1,117,633	797,077	871,687	679,552	629,053	697,427	755,453	799,676	859,023
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	8,361	13,816	20,481
Total Fixed Assets	707,172	797,172	911,806	1,008,762	1,117,633	797,077	871,687	679,552	629,053	697,427	763,814	813,492	879,504
Stock & work in progress	155,788	120,053	67,968	76,474	85,685	74,260	65,979	184,531	136,678	152,141	124,676	71,846	35,536
Trade Debtors	266,902	334,448	419,176	384,404	490,750	457,993	465,601	261,360	211,154	238,498	211,901	171,693	96,170
Group Debtors	481,665	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	210,398	8,001	7,633	71,968	62,184	2,767	0	0	0	0	0	0	0
Cash	5,267	68,216	37,431	267	13,708	85	13,279	12,992	34,977	240	185	125	145
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,120,020	530,718	532,208	533,113	652,327	535,105	544,859	458,883	382,809	390,879	336,762	243,664	131,851
total assets	1,827,192	1,327,890	1,444,014	1,541,875	1,769,960	1,332,182	1,416,546	1,138,435	1,011,862	1,088,306	1,100,576	1,057,156	1,011,355
Bank overdraft	287,549	79,070	0	0	38,607	7,316	0	0	20,706	38,331	83,686	66,046	117,530
Bank loan	0	0	0	0	14,216	59,719	0	0	0	0	0	0	0
Trade Creditors	155,160	45,223	121,130	106,346	157,769	114,768	496,014	475,330	353,240	337,379	276,219	247,506	165,259
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	31,692	0	0	0	0	0	0	0	0
hp & lease commitments	57,510	28,979	0	0	193,982	69,661	0	0	0	0	0	0	0
other current liabilities	105,863	124,636	372,676	482,070	314,181	357,110	0	0	97,731	96,146	101,604	99,840	100,769
total current liabilities	606,082	277,908	493,806	588,416	750,447	608,574	496,014	475,330	471,677	471,856	461,509	413,392	383,558
loans	811,424	585,162	226,672	213,268	183,561	170,930	31,578	31,500	155,816	176,523	193,778	207,734	228,852
hp & lease commitments	75,913	76,233	255,973	251,298	382,538	153,674	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	365,956	233,103	86,475	148,928	246,235	354,825	390,692
provisions	83,013	95,684	105,000	115,000	117,000	103,000	125,000	83,100	70,500	75,900	0	0	0
total long term liabilities	970,350	757,079	587,645	579,566	683,099	427,604	522,534	347,703	312,791	401,351	440,013	562,559	619,544
total liabilities	1,576,432	1,034,987	1,081,451	1,167,982	1,433,546	1,036,178	1,018,548	823,033	784,468	873,207	901,522	975,951	1,003,102
net assets	250,760	292,903	362,563	373,893	336,414	296,004	397,998	315,402	227,394	215,099	199,054	81,205	8,253
total shareholders funds	250,760	292,903	362,563	373,893	336,414	296,004	397,998	315,402	227,394	215,099	199,054	81,205	8,253

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	11,598	-42,540	3,377	61,879	65,685	-93,267	101,292	118,043	28,599	37,111	172,035	121,477	17,372
Depreciation	90,000	114,634	103,566	109,868	91,224	85,931	81,547	68,880	68,374	58,026	67,068	65,323	60,116
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-8,791	-9,479	0	-19,861	-23,395	-3,673	-5,067	-40,071	-28,370	-1,712
Stock	35,735	52,085	-8,506	-9,211	11,425	8,281	-118,552	47,853	-15,463	27,465	52,830	36,310	35,536
Debtors	616,516	-84,360	-29,563	-96,562	92,174	-4,841	204,241	50,206	-27,344	18,236	34,753	68,858	116,651
Creditors	109,937	-75,907	14,784	-51,423	43,001	-381,246	20,684	122,090	15,861	61,160	28,713	82,247	165,259
Accruals and Deferred Income	-18,773	-248,040	-109,394	167,889	-42,929	357,110	0	-97,731	1,585	-5,458	1,764	-929	100,769
Deferred Taxes & Provisions	-12,671	-9,316	-10,000	-2,000	14,000	-22,000	41,900	12,600	-5,400	75,900	0	0	0
Cash flow from operations	-472,160	-228,894	40,402	383,195	57,903	-56,912	139,873	102,428	148,153	175,971	141,926	134,580	189,617
Investing Activities
capital expenditure	0	0	-6,610	-997	-411,780	-11,321	-273,682	-119,379	0	0	-22,845	-5,976	-919,139
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-6,610	-997	-411,780	-11,321	-273,682	-119,379	0	0	-22,845	-5,976	-919,139
Financing Activities
Bank loans	0	0	0	-14,216	-45,503	59,719	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-31,692	31,692	0	0	0	0	0	0	0	0
Long term loans	226,262	358,490	13,404	29,707	12,631	139,352	78	-124,316	-20,707	-17,255	-13,956	-21,118	228,852
Hire Purchase and Lease Commitments	28,211	-150,761	4,675	-325,222	353,185	223,335	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-365,956	132,853	146,628	-62,453	-97,307	-108,590	-35,867	390,692
share issue	0	0	0	0	0	0	3,150	0	0	0	3,800	0	3,850
interest	-53,741	-27,120	-14,707	-15,609	-15,797	-8,727	-1,984	-6,641	-12,632	-15,999	-17,914	-20,154	-11,257
cash flow from financing	200,732	180,609	3,372	-357,032	336,208	47,723	134,097	15,671	-95,792	-130,561	-136,660	-77,139	612,137
cash and cash equivalents
cash	-62,949	30,785	37,164	-13,441	13,623	-13,194	287	-21,985	34,737	55	60	-20	145
overdraft	208,479	79,070	0	-38,607	31,291	7,316	0	-20,706	-17,625	-45,355	17,640	-51,484	117,530
change in cash	-271,428	-48,285	37,164	25,166	-17,668	-20,510	287	-1,279	52,362	45,410	-17,580	51,464	-117,385

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LOWLEY ENGINEERING LIMITED group structure

Lowley Engineering Limited has 1 subsidiary company.

Ultimate parent company

LOWLEY ENGINEERING LIMITED

02636900

1 subsidiary

ACE VISION ART LTD

11828294

LOWLEY ENGINEERING LIMITED Shareholders

cre8network group ltd

100%

Lowley Engineering Limited currently has 1 director, Mr Hanif Saddiq serving since Dec 2020.

officer	country	age	start	end	role
Mr Hanif Saddiq	England	50 years	Dec 2020	-	Director

P&L

June 2021

turnover

1.3m

-2%

operating profit

11.6k

gross margin

27%

-5.72%

turnover

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

Balance Sheet

June 2021

net assets

250.8k

-0.14%

total assets

1.8m

+0.38%

cash

5.3k

-0.92%

net assets

Total assets minus all liabilities

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company number

02636900

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

August 1991

ultimate parent company

None

previous names

N/A

address

2nd floor 40 queen square, bristol, BS1 4QP

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 7 charges/mortgages relating to lowley engineering limited. Currently there are 3 open charges and 4 have been satisfied in the past.

lowley engineering limited Company Information

lowley engineering limited Estimated Valuation

lowley engineering limited Estimated Valuation

lowley engineering limited Estimated Valuation

Lowley Engineering Limited Overview

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LOWLEY ENGINEERING LIMITED financials

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