Wellington Engineering Co. Limited

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wellington engineering co. limited Company Information

Company Number

02688410

Next Accounts

Apr 2026

Directors

Daimon Wellington

Gladstone Wellington

Shareholders

daimon vincent wellington

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

wellington house 1 betam road, hayes, middlesex, UB3 1SR

Website

http://welleng.co.uk

wellington engineering co. limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of WELLINGTON ENGINEERING CO. LIMITED at £3.7m based on a Turnover of £5.6m and 0.66x industry multiple (adjusted for size and gross margin).

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Wellington Engineering Co. Limited is a live company located in middlesex, UB3 1SR with a Companies House number of 02688410. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in February 1992, it's largest shareholder is daimon vincent wellington with a 100% stake. Wellington Engineering Co. Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with low growth in recent years.

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Pomanda's financial health check has awarded Wellington Engineering Co. Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

9 Weak

Size

annual sales of £5.6m, make it smaller than the average company (£14.2m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9.3%)

EXPORT

Wellington Engineering Co. Limited's latest turnover from July 2024 is estimated at £5.6 million and the company has net assets of £961.8 thousand. According to their latest financial statements, Wellington Engineering Co. Limited has 50 employees and maintains cash reserves of £146.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,553,961	5,557,041	4,774,382	5,344,174	5,555,106	6,295,708	3,213,501	3,346,741	2,813,486	6,934,736	7,931,342	5,782,909	4,232,262	3,350,814	2,353,711	2,216,104
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,368,444	4,423,522	3,820,800	4,324,861	4,439,255	5,014,072	2,542,476	2,597,627	2,166,915	5,382,154	6,165,684	4,487,996	2,752,621	2,170,442	1,680,627	1,507,597
Gross Profit	1,185,517	1,133,519	953,583	1,019,313	1,115,851	1,281,637	671,025	749,114	646,571	1,552,582	1,765,657	1,294,913	1,479,641	1,180,372	673,084	708,507
Admin Expenses	1,204,994	1,558,705	1,344,000	1,035,105	1,306,651	1,457,512	472,882	833,777	914,198	1,542,597	1,754,115	660,610	730,299	658,544	603,702	650,003
Operating Profit	-19,477	-425,186	-390,417	-15,792	-190,800	-175,875	198,143	-84,663	-267,627	9,985	11,542	634,303	749,342	521,828	69,382	58,504
Interest Payable	0	0	0	0	0	16,725	35,921	33,611	15,140	0	0	9,748	24,394	22,429	23,986	35,198
Interest Receivable	6,576	15,096	3,783	69	18	364	288	184	455	141	508	587	2,224	0	0	186
Pre-Tax Profit	-12,901	-410,090	-386,634	-15,723	-190,782	-192,236	162,510	-118,091	-282,312	10,126	12,051	625,142	727,172	499,404	45,396	23,492
Tax	0	0	0	0	0	0	-30,877	0	0	-2,025	-2,531	-143,783	-197,857	-142,849	-6,628	-10,746
Profit After Tax	-12,901	-410,090	-386,634	-15,723	-190,782	-192,236	131,633	-118,091	-282,312	8,101	9,520	481,359	529,315	356,555	38,768	12,746
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	20,520	0	0	12,000
Retained Profit	-12,901	-410,090	-386,634	-15,723	-190,782	-192,236	131,633	-118,091	-282,312	8,101	9,520	481,359	508,795	356,555	38,768	746
Employee Costs	2,151,210	1,865,521	1,871,051	1,928,000	1,913,593	1,986,577	1,845,689	1,777,741	1,796,065	1,037,091	1,144,540	870,545	629,839	549,952	384,156	0
Number Of Employees	50	46	48	52	52	55	52	52	54	32	36	28	20	18	13	0
EBITDA*	240,516	-154,594	-74,073	109,751	-24,165	36,880	481,817	254,760	86,559	339,808	394,163	813,276	909,056	642,212	173,501	184,516

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	768,795	972,610	988,723	1,093,117	499,720	638,263	851,018	1,018,270	1,328,849	1,402,765	1,964,848	1,358,283	1,257,698	364,470	430,304	378,036
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	768,795	972,610	988,723	1,093,117	499,720	638,263	851,018	1,018,270	1,328,849	1,402,765	1,964,848	1,358,283	1,257,698	364,470	430,304	378,036
Stock & work in progress	352,805	543,666	583,109	625,930	850,389	896,215	711,547	764,101	597,220	297,002	156,472	235,804	192,874	241,028	182,512	234,631
Trade Debtors	1,363,274	1,570,855	1,169,754	1,571,139	1,440,615	1,803,070	788,431	899,739	548,074	2,334,545	2,519,200	1,691,195	813,338	689,965	598,585	356,594
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	1,100,456	1,116,183	1,126,460	0	0	0	751	10,979	10,979	10,979
Cash	146,572	103,934	499,905	105,322	32,795	2,360	94,781	20,519	126,294	55,893	498	202,795	32,056	100,209	0	29
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,862,651	2,218,455	2,252,768	2,302,391	2,323,799	2,701,645	2,695,215	2,800,542	2,398,048	2,687,440	2,676,170	2,129,794	1,039,019	1,042,181	792,076	602,233
total assets	2,631,446	3,191,065	3,241,491	3,395,508	2,823,519	3,339,908	3,546,233	3,818,812	3,726,897	4,090,205	4,641,018	3,488,077	2,296,717	1,406,651	1,222,380	980,269
Bank overdraft	0	0	0	0	0	0	495,555	609,712	465,846	0	0	0	299,953	52,270	279,982	290,630
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,503,415	1,695,293	1,690,900	1,582,422	1,630,163	1,926,642	435,243	535,752	477,359	1,566,812	2,298,047	1,681,813	361,271	281,762	326,084	100,732
Group/Directors Accounts	0	0	0	0	0	0	1,022	13,668	0	0	0	0	0	0	25,000	51,000
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	250,994	250,994	433,959	0	0	0	34,925	38,100	79,960	71,506
other current liabilities	0	0	0	0	0	0	483,477	395,583	289,437	0	0	0	377,689	285,510	87,150	122,960
total current liabilities	1,503,415	1,695,293	1,690,900	1,582,422	1,630,163	1,926,642	1,666,291	1,805,709	1,666,601	1,566,812	2,298,047	1,681,813	1,073,838	657,642	798,176	636,828
loans	0	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	34,925	66,675	24,680
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	20,593	22,222	91,756	108,482	359,476	610,470	552,805	668,259	561,309	102,026	0	0	0	0
provisions	166,239	160,735	145,215	19,447	31,529	43,931	67,377	81,177	67,944	133,275	67,904	0	0	0	0	0
total long term liabilities	166,239	160,735	165,808	41,669	123,285	152,413	426,853	691,647	620,749	801,534	629,213	102,026	0	34,925	66,675	24,680
total liabilities	1,669,654	1,856,028	1,856,708	1,624,091	1,753,448	2,079,055	2,093,144	2,497,356	2,287,350	2,368,346	2,927,260	1,783,839	1,073,838	692,567	864,851	661,508
net assets	961,792	1,335,037	1,384,783	1,771,417	1,070,071	1,260,853	1,453,089	1,321,456	1,439,547	1,721,859	1,713,758	1,704,238	1,222,879	714,084	357,529	318,761
total shareholders funds	961,792	1,335,037	1,384,783	1,771,417	1,070,071	1,260,853	1,453,089	1,321,456	1,439,547	1,721,859	1,713,758	1,704,238	1,222,879	714,084	357,529	318,761

	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-19,477	-425,186	-390,417	-15,792	-190,800	-175,875	198,143	-84,663	-267,627	9,985	11,542	634,303	749,342	521,828	69,382	58,504
Depreciation	259,993	270,592	316,344	125,543	166,635	212,755	283,674	339,423	354,186	329,823	382,621	178,973	159,714	120,384	104,119	126,012
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	-30,877	0	0	-2,025	-2,531	-143,783	-197,857	-142,849	-6,628	-10,746
Stock	-190,861	-39,443	-42,821	-224,459	-45,826	184,668	-52,554	166,881	300,218	140,530	-79,332	42,930	-48,154	58,516	-52,119	234,631
Debtors	-207,581	401,101	-401,385	130,524	-362,455	-85,817	-127,035	341,388	-660,011	-184,655	828,005	877,106	113,145	91,380	241,991	367,573
Creditors	-191,878	4,393	108,478	-47,741	-296,479	1,491,399	-100,509	58,393	-1,089,453	-731,235	616,234	1,320,542	79,509	-44,322	225,352	100,732
Accruals and Deferred Income	0	0	0	0	0	-483,477	87,894	106,146	289,437	0	0	-377,689	92,179	198,360	-35,810	122,960
Deferred Taxes & Provisions	5,504	15,520	125,768	-12,082	-12,402	-23,446	-13,800	13,233	-65,331	65,371	67,904	0	0	0	0	0
Cash flow from operations	452,584	-496,339	604,379	143,863	75,235	922,505	604,114	-75,737	-418,995	-283,956	327,097	692,310	817,896	503,505	166,543	-204,742
Investing Activities
capital expenditure	-56,178	-254,479	-211,950	-718,940	-28,092	0	-116,422	-28,844	-280,270	232,260	-989,186	-279,558	-1,052,942	-54,550	-156,387	-504,048
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-56,178	-254,479	-211,950	-718,940	-28,092	0	-116,422	-28,844	-280,270	232,260	-989,186	-279,558	-1,052,942	-54,550	-156,387	-504,048
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-1,022	-12,646	13,668	0	0	0	0	0	-25,000	-26,000	51,000
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-250,994	0	-182,965	433,959	0	0	-34,925	-38,100	-73,610	50,449	96,186
other long term liabilities	0	-20,593	-1,629	-69,534	-16,726	-250,994	-250,994	57,665	-115,454	106,950	459,283	102,026	0	0	0	0
share issue	-360,344	360,344	0	717,069	0	0	0	0	0	0	0	0	0	0	0	318,015
interest	6,576	15,096	3,783	69	18	-16,361	-35,633	-33,427	-14,685	141	508	-9,161	-22,170	-22,429	-23,986	-35,012
cash flow from financing	-353,768	354,847	2,154	647,604	-16,708	-519,371	-299,273	-145,059	303,820	107,091	459,791	57,940	-60,270	-121,039	463	430,189
cash and cash equivalents
cash	42,638	-395,971	394,583	72,527	30,435	-92,421	74,262	-105,775	70,401	55,395	-202,297	170,739	-68,153	100,209	-29	29
overdraft	0	0	0	0	0	-495,555	-114,157	143,866	465,846	0	0	-299,953	247,683	-227,712	-10,648	290,630
change in cash	42,638	-395,971	394,583	72,527	30,435	403,134	188,419	-249,641	-395,445	55,395	-202,297	470,692	-315,836	327,921	10,619	-290,601

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WELLINGTON ENGINEERING CO. LIMITED group structure

Wellington Engineering Co. Limited has no subsidiary companies.

Ultimate parent company

WELLINGTON ENGINEERING CO. LIMITED

02688410

WELLINGTON ENGINEERING CO. LIMITED Shareholders

daimon vincent wellington

100%

Wellington Engineering Co. Limited currently has 2 directors. The longest serving directors include Mr Daimon Wellington (Aug 1992) and Mr Gladstone Wellington (May 1996).

officer	country	age	start	end	role
Mr Daimon Wellington	United Kingdom	51 years	Aug 1992	-	Director
Mr Gladstone Wellington	United Kingdom	81 years	May 1996	-	Director

P&L

July 2024

turnover

5.6m

operating profit

-19.5k

gross margin

21.4%

+4.65%

turnover

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

Balance Sheet

July 2024

net assets

961.8k

-0.28%

total assets

2.6m

-0.18%

cash

146.6k

+0.41%

net assets

Total assets minus all liabilities

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company number

02688410

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

February 1992

ultimate parent company

None

previous names

N/A

address

wellington house 1 betam road, hayes, middlesex, UB3 1SR

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 4 charges/mortgages relating to wellington engineering co. limited. Currently there are 2 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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wellington engineering co. limited Company Information

wellington engineering co. limited Estimated Valuation

wellington engineering co. limited Estimated Valuation

wellington engineering co. limited Estimated Valuation

Wellington Engineering Co. Limited Overview

Wellington Engineering Co. Limited Health Check

WELLINGTON ENGINEERING CO. LIMITED financials

wellington engineering co. limited Credit Report and Business Information

Wellington Engineering Co. Limited Competitor Analysis

wellington engineering co. limited Ownership

wellington engineering co. limited directors

wellington engineering co. limited company details

wellington engineering co. limited Charges & Mortgages

wellington engineering co. limited Capital Raised & Share Issues BETA

wellington engineering co. limited Companies House Filings - See Documents