lion engineering services limited

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lion engineering services limited Company Information

Share LION ENGINEERING SERVICES LIMITED

Company Number

02844681

Shareholders

geoffrey kimber-smith

Group Structure

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Industry

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

 +1

Registered Address

gapton hall road, gapton hall industrial estate, great yarmouth, norfolk., NR31 0NL

lion engineering services limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of LION ENGINEERING SERVICES LIMITED at £3.4m based on a Turnover of £6.5m and 0.52x industry multiple (adjusted for size and gross margin).

lion engineering services limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of LION ENGINEERING SERVICES LIMITED at £6m based on an EBITDA of £1.4m and a 4.13x industry multiple (adjusted for size and gross margin).

lion engineering services limited Estimated Valuation

£8.4m

Pomanda estimates the enterprise value of LION ENGINEERING SERVICES LIMITED at £8.4m based on Net Assets of £4.3m and 1.95x industry multiple (adjusted for liquidity).

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Lion Engineering Services Limited Overview

Lion Engineering Services Limited is a live company located in great yarmouth, NR31 0NL with a Companies House number of 02844681. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in August 1993, it's largest shareholder is geoffrey kimber-smith with a 100% stake. Lion Engineering Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.5m with high growth in recent years.

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Lion Engineering Services Limited Health Check

Pomanda's financial health check has awarded Lion Engineering Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £6.5m, make it smaller than the average company (£10m)

£6.5m - Lion Engineering Services Limited

£10m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.6%)

18% - Lion Engineering Services Limited

5.6% - Industry AVG

production

Production

with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)

28.3% - Lion Engineering Services Limited

28.3% - Industry AVG

profitability

Profitability

an operating margin of 17.3% make it more profitable than the average company (5.8%)

17.3% - Lion Engineering Services Limited

5.8% - Industry AVG

employees

Employees

with 46 employees, this is similar to the industry average (48)

46 - Lion Engineering Services Limited

48 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.2k, the company has an equivalent pay structure (£48.2k)

£48.2k - Lion Engineering Services Limited

£48.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £141.4k, this is equally as efficient (£156.3k)

£141.4k - Lion Engineering Services Limited

£156.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 79 days, this is near the average (69 days)

79 days - Lion Engineering Services Limited

69 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 62 days, this is slower than average (42 days)

62 days - Lion Engineering Services Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 107 days, this is more than average (62 days)

107 days - Lion Engineering Services Limited

62 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (12 weeks)

35 weeks - Lion Engineering Services Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.6%, this is a lower level of debt than the average (53.5%)

30.6% - Lion Engineering Services Limited

53.5% - Industry AVG

LION ENGINEERING SERVICES LIMITED financials

EXPORTms excel logo

Lion Engineering Services Limited's latest turnover from August 2023 is estimated at £6.5 million and the company has net assets of £4.3 million. According to their latest financial statements, Lion Engineering Services Limited has 46 employees and maintains cash reserves of £931.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover6,503,1086,667,6973,378,9253,935,0684,818,3804,110,4843,577,5542,434,2355,717,8908,373,68110,353,88810,958,0077,004,3364,748,1150
Other Income Or Grants000000000000000
Cost Of Sales4,662,3994,758,7362,492,5552,912,5443,517,9953,007,1462,586,5362,102,1444,756,1216,775,0397,584,6598,623,0294,471,2582,931,2940
Gross Profit1,840,7101,908,961886,3701,022,5241,300,3851,103,338991,018332,091961,7691,598,6422,769,2292,334,9782,533,0781,816,8210
Admin Expenses714,793745,6832,059,207380,0271,094,279701,5512,266,489403,955519,734743,097859,6241,055,8951,763,2701,355,306-1,041,334
Operating Profit1,125,9171,163,278-1,172,837642,497206,106401,787-1,275,471-71,864442,035855,5451,909,6051,279,083769,808461,5151,041,334
Interest Payable00000000006,6359,8095,2306,4310
Interest Receivable32,2808,9861,3361,4629,85210,8704,6876,8646,0701,7661,2491,089474304752
Pre-Tax Profit1,158,1971,172,264-1,171,501643,959215,958412,657-1,270,784-65,000448,105857,3111,904,2191,270,363765,052455,3881,042,086
Tax-289,549-222,7300-122,352-41,032-78,405017,220-94,968-191,575-436,393-339,293-199,714-127,235-291,784
Profit After Tax868,648949,534-1,171,501521,607174,926334,252-1,270,784-47,780353,137665,7361,467,826931,070565,338328,153750,302
Dividends Paid0000000250,000250,000500,000250,000310,000000
Retained Profit868,648949,534-1,171,501521,607174,926334,252-1,270,784-297,780103,137165,7361,217,826621,070565,338328,153750,302
Employee Costs2,216,2471,633,7391,006,1591,659,8741,421,4211,308,557837,991371,739431,3272,234,7462,082,7022,286,5641,600,0251,482,4320
Number Of Employees46372441353322213541494533440
EBITDA*1,445,9091,359,773-959,417882,875416,400421,024-1,056,349148,879909,4001,381,1112,442,5831,761,0031,134,237689,6261,179,737

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets2,309,0011,705,3541,246,1951,396,9781,473,5221,162,6051,292,7851,291,709565,843982,6821,092,5581,201,150949,076592,716510,043
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)150,000150,000125,000000000000000
Total Fixed Assets2,459,0011,855,3541,371,1951,396,9781,473,5221,162,6051,292,7851,291,709565,843982,6821,092,5581,201,150949,076592,716510,043
Stock & work in progress1,369,4111,156,282709,294708,809762,677736,061855,439656,544597,1381,039,9501,646,5771,344,660893,585396,034368,394
Trade Debtors1,416,0101,740,484843,406810,8591,290,843918,122587,412223,946469,7461,150,352656,3111,682,7061,246,254916,708368,334
Group Debtors000000000000000
Misc Debtors081,80117,443116,43228,47523,684121,330128,344132,867112,581123,3840034,6320
Cash931,543298,174728,8231,942,652980,8981,646,4261,252,1882,497,3342,813,2171,767,3551,545,208488,474382,068192,922300,657
misc current assets000000000000000
total current assets3,716,9643,276,7412,298,9663,578,7523,062,8933,324,2932,816,3693,506,1684,012,9684,070,2383,971,4803,515,8402,521,9071,540,2961,037,385
total assets6,175,9655,132,0953,670,1614,975,7304,536,4154,486,8984,109,1544,797,8774,578,8115,052,9205,064,0384,716,9903,470,9832,133,0121,547,428
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 799,7691,110,592322,068221,372526,717533,169652,518311,680499,158940,915881,8541,411,588999,021629,895625,157
Group/Directors Accounts0000000000050,000000
other short term finances000000000000000
hp & lease commitments00000000000114,500171,75076,7570
other current liabilities563,298188,291162,342379,829178,220364,008180,84265,733263,092398,581634,495811,039462,573259,9720
total current liabilities1,363,0671,298,883484,410601,201704,937897,177833,360377,413762,2501,339,4961,516,3492,387,1271,633,344966,624625,157
loans000000000000000
hp & lease commitments000000000000114,50000
Accruals and Deferred Income000000000000000
other liabilities0000000000000080,125
provisions525,000361,843177,159194,436172,992106,161126,48697,421000014,34622,93326,844
total long term liabilities525,000361,843177,159194,436172,992106,161126,48697,4210000128,84622,933106,969
total liabilities1,888,0671,660,726661,569795,637877,9291,003,338959,846474,834762,2501,339,4961,516,3492,387,1271,762,190989,557732,126
net assets4,287,8983,471,3693,008,5924,180,0933,658,4863,483,5603,149,3084,323,0433,816,5613,713,4243,547,6892,329,8631,708,7931,143,455815,302
total shareholders funds4,287,8983,471,3693,008,5924,180,0933,658,4863,483,5603,149,3084,323,0433,816,5613,713,4243,547,6892,329,8631,708,7931,143,455815,302
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit1,125,9171,163,278-1,172,837642,497206,106401,787-1,275,471-71,864442,035855,5451,909,6051,279,083769,808461,5151,041,334
Depreciation319,992196,495213,420240,378210,29419,237219,122220,743467,365525,566532,978481,920364,429228,111138,403
Amortisation000000000000000
Tax-289,549-222,7300-122,352-41,032-78,405017,220-94,968-191,575-436,393-339,293-199,714-127,235-291,784
Stock213,129446,988485-53,86826,616-119,378198,89559,406-442,812-606,627301,917451,075497,55127,640368,394
Debtors-406,275986,43658,558-392,027377,512233,064356,452-250,323-660,320483,238-903,011436,452294,914583,006368,334
Creditors-310,823788,524100,696-305,345-6,452-119,349340,838-187,478-441,75759,061-529,734412,567369,1264,738625,157
Accruals and Deferred Income375,00725,949-217,487201,609-185,788183,166115,109-197,359-135,489-235,914-176,544348,466202,601259,9720
Deferred Taxes & Provisions163,157184,684-17,27721,44466,831-20,32529,06597,421000-14,346-8,587-3,91126,844
Cash flow from operations1,576,847702,776-1,152,5281,124,126-154,169272,425-1,126,68469,6001,340,3181,136,0721,901,0061,280,870705,198212,544803,226
Investing Activities
capital expenditure-923,639-655,654-62,637-163,834-521,211110,943-220,198-946,609-37,839-415,991-426,000-736,253-259,557-310,784-648,446
Change in Investments000000000000000
cash flow from investments-923,639-655,654-62,637-163,834-521,211110,943-220,198-946,609-37,839-415,991-426,000-736,253-259,557-310,784-648,446
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0000000000-50,00050,000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments0000000000-114,500-171,750209,49376,7570
other long term liabilities0000000000000-80,12580,125
share issue-52,119-486,757000097,049804,2620-1000065,000
interest32,2808,9861,3361,4629,85210,8704,6876,8646,0701,766-5,386-8,720-4,756-6,127752
cash flow from financing-19,839-477,7711,3361,4629,85210,870101,736811,1266,0701,765-169,886-130,470204,737-9,495145,877
cash and cash equivalents
cash633,369-430,649-1,213,829961,754-665,528394,238-1,245,146-315,8831,045,862222,1471,056,734106,406189,146-107,735300,657
overdraft000000000000000
change in cash633,369-430,649-1,213,829961,754-665,528394,238-1,245,146-315,8831,045,862222,1471,056,734106,406189,146-107,735300,657

lion engineering services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lion Engineering Services Limited Competitor Analysis

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Perform a competitor analysis for lion engineering services limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NR31 area or any other competitors across 12 key performance metrics.

lion engineering services limited Ownership

LION ENGINEERING SERVICES LIMITED group structure

Lion Engineering Services Limited has no subsidiary companies.

Ultimate parent company

LION ENGINEERING SERVICES LIMITED

02844681

LION ENGINEERING SERVICES LIMITED Shareholders

geoffrey kimber-smith 100%

lion engineering services limited directors

Lion Engineering Services Limited currently has 3 directors. The longest serving directors include Mr Geoffrey Kimber-Smith (Sep 2017) and Mr Maurice Cliffen (Jul 2021).

officercountryagestartendrole
Mr Geoffrey Kimber-SmithUnited Kingdom74 years Sep 2017- Director
Mr Maurice Cliffen64 years Jul 2021- Director
Mr Thomas Kimber-SmithUnited Kingdom40 years May 2022- Director

P&L

August 2023

turnover

6.5m

-2%

operating profit

1.1m

0%

gross margin

28.4%

-1.13%

turnover

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

Balance Sheet

August 2023

net assets

4.3m

+0.24%

total assets

6.2m

+0.2%

cash

931.5k

+2.12%

net assets

Total assets minus all liabilities

lion engineering services limited company details

company number

02844681

Type

Private limited with Share Capital

industry

24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

August 1993

age

32

incorporated

UK

ultimate parent company

None

accounts

Small Company

last accounts submitted

August 2023

previous names

N/A

accountant

MOORE (SOUTH) LLP

auditor

-

address

gapton hall road, gapton hall industrial estate, great yarmouth, norfolk., NR31 0NL

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

lion engineering services limited Charges & Mortgages

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 lion engineering services limited.

lion engineering services limited Capital Raised & Share Issues BETA

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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lion engineering services limited Companies House Filings - See Documents

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