Clifton Engineering (north East) Limited

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clifton engineering (north east) limited Company Information

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Company Number

02809704

Website

www.clifton-engineering.co.uk

Registered Address

coopies haugh, coopies lane industrial estate, morpeth, northumberland, NE61 6JN

Industry

Machining

Telephone

01670516111

Next Accounts Due

February 2025

Group Structure

View All

Directors

Andrew Pearson25 Years

Emma Pearson4 Years

View All

Shareholders

clifton holdings (north east) ltd 100%

clifton engineering (north east) limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of CLIFTON ENGINEERING (NORTH EAST) LIMITED at £7.3m based on Net Assets of £4m and 1.84x industry multiple (adjusted for liquidity).

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Clifton Engineering (north East) Limited is a live company located in morpeth, NE61 6JN with a Companies House number of 02809704. It operates in the machining sector, SIC Code 25620. Founded in April 1993, it's largest shareholder is clifton holdings (north east) ltd with a 100% stake. Clifton Engineering (north East) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Clifton Engineering (North East) Limited a 4.5 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

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£8.9m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.2%)

EXPORT

Clifton Engineering (North East) Limited's latest turnover from May 2023 is estimated at £4.3 million and the company has net assets of £4 million. According to their latest financial statements, Clifton Engineering (North East) Limited has 32 employees and maintains cash reserves of £3.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	4,324,203	3,705,955	3,855,101	3,719,158	4,484,860	3,877,803	2,883,101	2,937,465	3,387,160	3,248,008	2,737,985	2,087,297	1,818,385	1,150,410
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,113,482	2,655,526	2,809,709	2,643,459	3,211,570	2,650,353	2,007,696	2,075,658	2,382,746	2,227,149	1,894,336	1,459,502	1,255,377	773,300
Gross Profit	1,210,721	1,050,429	1,045,392	1,075,699	1,273,290	1,227,450	875,405	861,806	1,004,414	1,020,859	843,649	627,795	563,009	377,110
Admin Expenses	1,535,398	910,657	426,752	221,145	180,257	1,044,337	2,350,772	1,069,984	983,147	-143,963	96,461	171,198	234,104	-1,426,785
Operating Profit	-324,677	139,772	618,640	854,554	1,093,033	183,113	-1,475,367	-208,178	21,267	1,164,822	747,188	456,597	328,905	1,803,895
Interest Payable	9,432	8,127	6,699	3,138	0	0	0	0	0	0	0	0	0	0
Interest Receivable	177,864	36,459	3,012	2,373	11,000	4,842	3,659	9,012	7,823	6,913	4,934	3,750	3,108	1,209
Pre-Tax Profit	-156,245	168,105	614,953	853,789	1,104,033	187,956	-1,471,708	-199,166	29,090	1,171,735	752,122	460,346	332,014	1,805,104
Tax	0	-31,940	-116,841	-162,220	-209,766	-35,712	0	0	-5,818	-246,064	-172,988	-110,483	-86,324	-505,429
Profit After Tax	-156,245	136,165	498,112	691,569	894,267	152,244	-1,471,708	-199,166	23,272	925,671	579,134	349,863	245,690	1,299,675
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-156,245	136,165	498,112	691,569	894,267	152,244	-1,471,708	-199,166	23,272	925,671	579,134	349,863	245,690	1,299,675
Employee Costs	1,371,448	1,232,593	1,194,482	1,387,877	1,330,130	1,152,988	1,156,959	1,240,529	1,255,985	1,039,474	823,701	610,842	558,621	359,475
Number Of Employees	32	31	31	35	36	32	32	35	36	30	24	18	17	11
EBITDA*	-230,265	225,368	684,674	953,308	1,158,307	183,113	-1,428,618	-160,898	60,357	1,179,598	867,458	549,770	464,527	1,884,139

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	1,337,265	1,089,615	929,327	783,755	778,398	618,056	679,542	1,075,400	1,658,490	1,366,434	948,205	828,114	796,705	773,585
Intangible Assets	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	360,000	360,000	360,000	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	535	0	2,700	0	0	0
Total Fixed Assets	1,337,265	1,089,615	929,327	783,755	778,398	618,056	679,542	1,075,400	1,659,025	1,726,434	1,310,905	1,188,114	796,705	773,585
Stock & work in progress	597,946	428,325	274,582	181,565	263,139	241,282	280,189	195,429	188,011	103,884	87,490	75,495	74,498	33,022
Trade Debtors	1,188,303	994,330	1,199,187	1,034,928	1,459,669	1,265,481	700,941	711,041	882,021	825,305	579,375	502,160	455,666	275,035
Group Debtors	0	72	3,043	3,336	3,190	3,485	6,290	9,169	2,482	0	0	0	0	0
Misc Debtors	27,061	21,158	19,053	22,643	25,538	18,601	30,022	43,283	31,831	0	0	0	0	0
Cash	3,807,184	4,097,887	3,193,952	2,830,129	1,915,822	1,017,546	919,437	2,007,522	1,597,180	1,531,934	1,233,258	740,209	759,609	483,686
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,620,494	5,541,772	4,689,817	4,072,601	3,667,358	2,546,395	1,936,879	2,966,444	2,701,525	2,461,123	1,900,123	1,317,864	1,289,773	791,743
total assets	6,957,759	6,631,387	5,619,144	4,856,356	4,445,756	3,164,451	2,616,421	4,041,844	4,360,550	4,187,557	3,211,028	2,505,978	2,086,478	1,565,328
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	539,686	349,895	275,476	312,159	409,362	272,462	323,836	223,716	349,372	658,823	668,156	566,282	493,517	235,653
Group/Directors Accounts	1,824,376	1,565,611	696,226	428,745	736,070	556,253	204,922	297,980	229,600	0	0	0	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	17,610	0	0	0	0
other current liabilities	183,703	160,336	268,621	314,639	275,638	272,316	165,745	110,219	211,844	0	0	0	0	0
total current liabilities	2,547,765	2,075,842	1,240,323	1,055,543	1,421,070	1,101,031	694,503	631,915	790,816	676,433	668,156	566,282	493,517	235,653
loans	64,214	115,436	116,752	102,896	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	21,400	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	27,991	31,101	34,557	46,645	83,045	47,403	52,670	59,370	10,742	0	38,610	14,768	17,596	0
provisions	319,346	254,320	208,989	130,861	112,799	81,442	86,917	96,520	105,787	59,791	0	0	0	0
total long term liabilities	411,551	400,857	360,298	280,402	195,844	128,845	139,587	155,890	116,529	81,191	38,610	14,768	17,596	0
total liabilities	2,959,316	2,476,699	1,600,621	1,335,945	1,616,914	1,229,876	834,090	787,805	907,345	757,624	706,766	581,050	511,113	235,653
net assets	3,998,443	4,154,688	4,018,523	3,520,411	2,828,842	1,934,575	1,782,331	3,254,039	3,453,205	3,429,933	2,504,262	1,924,928	1,575,365	1,329,675
total shareholders funds	3,998,443	4,154,688	4,018,523	3,520,411	2,828,842	1,934,575	1,782,331	3,254,039	3,453,205	3,429,933	2,504,262	1,924,928	1,575,365	1,329,675

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-324,677	139,772	618,640	854,554	1,093,033	183,113	-1,475,367	-208,178	21,267	1,164,822	747,188	456,597	328,905	1,803,895
Depreciation	94,412	85,596	66,034	98,754	65,274	0	46,749	47,280	39,090	14,776	120,270	93,173	135,622	80,244
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-31,940	-116,841	-162,220	-209,766	-35,712	0	0	-5,818	-246,064	-172,988	-110,483	-86,324	-505,429
Stock	169,621	153,743	93,017	-81,574	21,857	-38,907	84,760	7,418	84,127	16,394	11,995	997	41,476	33,022
Debtors	199,804	-205,723	160,376	-427,490	200,830	550,314	-26,240	-153,376	91,564	243,230	79,915	46,494	180,631	275,035
Creditors	189,791	74,419	-36,683	-97,203	136,900	-51,374	100,120	-125,656	-309,451	-9,333	101,874	72,765	257,864	235,653
Accruals and Deferred Income	23,367	-108,285	-46,018	39,001	3,322	106,571	55,526	-101,625	211,844	0	0	0	0	0
Deferred Taxes & Provisions	65,026	45,331	78,128	18,062	31,357	-5,475	-9,603	-9,267	45,996	59,791	0	0	0	0
Cash flow from operations	-321,506	256,873	309,867	1,260,012	897,433	-314,284	-1,341,095	-251,488	-172,763	724,368	704,434	464,561	413,960	1,306,306
Investing Activities
capital expenditure	-342,062	-245,884	-211,606	-104,111	-225,616	61,486	349,109	535,810	-331,146	-433,005	-240,361	-124,582	-158,742	-853,829
Change in Investments	0	0	0	0	0	0	0	0	-360,000	0	0	360,000	0	0
cash flow from investments	-342,062	-245,884	-211,606	-104,111	-225,616	61,486	349,109	535,810	28,854	-433,005	-240,361	-484,582	-158,742	-853,829
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	258,765	869,385	267,481	-307,325	179,817	351,331	-93,058	68,380	229,600	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-51,222	-1,316	13,856	102,896	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	-39,010	39,010	0	0	0	0
other long term liabilities	-3,110	-3,456	-12,088	-36,400	35,642	-5,267	-6,700	48,628	10,742	-38,610	23,842	-2,828	17,596	0
share issue	0	0	0	0	0	0	0	0	0	0	200	-300	0	30,000
interest	168,432	28,332	-3,687	-765	11,000	4,842	3,659	9,012	7,823	6,913	4,934	3,750	3,108	1,209
cash flow from financing	372,865	892,945	265,562	-241,594	226,459	350,906	-96,099	126,020	209,155	7,313	28,976	622	20,704	31,209
cash and cash equivalents
cash	-290,703	903,935	363,823	914,307	898,276	98,109	-1,088,085	410,342	65,246	298,676	493,049	-19,400	275,923	483,686
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-290,703	903,935	363,823	914,307	898,276	98,109	-1,088,085	410,342	65,246	298,676	493,049	-19,400	275,923	483,686

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLIFTON ENGINEERING (NORTH EAST) LIMITED group structure

Clifton Engineering (North East) Limited has no subsidiary companies.

Ultimate parent company

CLIFTON HOLDINGS (NORTH EAST) LIMITED

09136391

1 parent

CLIFTON ENGINEERING (NORTH EAST) LIMITED

02809704

CLIFTON ENGINEERING (NORTH EAST) LIMITED Shareholders

clifton holdings (north east) ltd

100%

Clifton Engineering (North East) Limited currently has 3 directors. The longest serving directors include Mr Andrew Pearson (Jun 1999) and Mrs Emma Pearson (Jun 2019).

officer	age	start	end	role
Mr Andrew Pearson	51 years	Jun 1999	-	Director
Mrs Emma Pearson	48 years	Jun 2019	-	Director
Mr Kenneth Buxton	43 years	Nov 2022	-	Director

P&L

May 2023

turnover

4.3m

+17%

operating profit

-324.7k

gross margin

28%

-1.22%

turnover

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

Balance Sheet

May 2023

net assets

-0.04%

total assets

+0.05%

cash

3.8m

-0.07%

net assets

Total assets minus all liabilities

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company number

02809704

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

April 1993

age

accounts

Small Company

ultimate parent company

CLIFTON HOLDINGS (NORTH EAST) LIMITED

previous names

N/A

incorporated

address

coopies haugh, coopies lane industrial estate, morpeth, northumberland, NE61 6JN

last accounts submitted

May 2023

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 did not find charges/mortgages relating to clifton engineering (north east) limited.

clifton engineering (north east) limited Company Information

clifton engineering (north east) limited Estimated Valuation

clifton engineering (north east) limited Estimated Valuation

clifton engineering (north east) limited Estimated Valuation

Clifton Engineering (north East) Limited Overview

Clifton Engineering (north East) Limited Health Check

CLIFTON ENGINEERING (NORTH EAST) LIMITED financials

clifton engineering (north east) limited Credit Report and Business Information

Clifton Engineering (north East) Limited Competitor Analysis

clifton engineering (north east) limited Ownership

clifton engineering (north east) limited directors

clifton engineering (north east) limited company details

clifton engineering (north east) limited Charges & Mortgages

clifton engineering (north east) limited Companies House Filings - See Documents