lion engineering services limited Company Information
Company Number
02844681
Next Accounts
May 2025
Shareholders
geoffrey kimber-smith
Group Structure
View All
Industry
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
+1Registered Address
gapton hall road, gapton hall industrial estate, great yarmouth, norfolk., NR31 0NL
Website
www.lioneng.comlion engineering services limited Estimated Valuation
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
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
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
5 Strong
5 Regular
2 Weak
Size
annual sales of £6.5m, make it smaller than the average company (£10m)
- Lion Engineering Services Limited
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.6%)
- Lion Engineering Services Limited
5.6% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)
- Lion Engineering Services Limited
28.3% - Industry AVG
Profitability
an operating margin of 17.3% make it more profitable than the average company (5.8%)
- Lion Engineering Services Limited
5.8% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (48)
46 - Lion Engineering Services Limited
48 - Industry AVG
Pay Structure
on an average salary of £48.2k, the company has an equivalent pay structure (£48.2k)
- Lion Engineering Services Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £141.4k, this is equally as efficient (£156.3k)
- Lion Engineering Services Limited
£156.3k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is near the average (69 days)
- Lion Engineering Services Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (42 days)
- Lion Engineering Services Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 107 days, this is more than average (62 days)
- Lion Engineering Services Limited
62 days - Industry AVG
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
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
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 House, Pomanda Estimates
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 2,434,235 | 5,717,890 | 8,373,681 | 10,353,888 | 10,958,007 | 7,004,336 | 4,748,115 | ||||||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Cost Of Sales | 2,102,144 | 4,756,121 | 6,775,039 | 7,584,659 | 8,623,029 | 4,471,258 | 2,931,294 | ||||||||
Gross Profit | 332,091 | 961,769 | 1,598,642 | 2,769,229 | 2,334,978 | 2,533,078 | 1,816,821 | ||||||||
Admin Expenses | 403,955 | 519,734 | 743,097 | 859,624 | 1,055,895 | 1,763,270 | 1,355,306 | ||||||||
Operating Profit | -71,864 | 442,035 | 855,545 | 1,909,605 | 1,279,083 | 769,808 | 461,515 | ||||||||
Interest Payable | 0 | 0 | 0 | 6,635 | 9,809 | 5,230 | 6,431 | ||||||||
Interest Receivable | 6,864 | 6,070 | 1,766 | 1,249 | 1,089 | 474 | 304 | ||||||||
Pre-Tax Profit | -65,000 | 448,105 | 857,311 | 1,904,219 | 1,270,363 | 765,052 | 455,388 | ||||||||
Tax | 17,220 | -94,968 | -191,575 | -436,393 | -339,293 | -199,714 | -127,235 | ||||||||
Profit After Tax | -47,780 | 353,137 | 665,736 | 1,467,826 | 931,070 | 565,338 | 328,153 | ||||||||
Dividends Paid | 250,000 | 250,000 | 500,000 | 250,000 | 310,000 | 0 | 0 | ||||||||
Retained Profit | -297,780 | 103,137 | 165,736 | 1,217,826 | 621,070 | 565,338 | 328,153 | ||||||||
Employee Costs | 371,739 | 431,327 | 2,234,746 | 2,082,702 | 2,286,564 | 1,600,025 | |||||||||
Number Of Employees | 46 | 37 | 24 | 41 | 35 | 33 | 22 | 21 | 35 | 41 | 49 | 45 | 33 | ||
EBITDA* | 148,879 | 909,400 | 1,381,111 | 2,442,583 | 1,761,003 | 1,134,237 | 689,626 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 2,309,001 | 1,705,354 | 1,246,195 | 1,396,978 | 1,473,522 | 1,162,605 | 1,292,785 | 1,291,709 | 565,843 | 982,682 | 1,092,558 | 1,201,150 | 949,076 | 592,716 | 510,043 |
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) | 150,000 | 150,000 | 125,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,459,001 | 1,855,354 | 1,371,195 | 1,396,978 | 1,473,522 | 1,162,605 | 1,292,785 | 1,291,709 | 565,843 | 982,682 | 1,092,558 | 1,201,150 | 949,076 | 592,716 | 510,043 |
Stock & work in progress | 1,369,411 | 1,156,282 | 709,294 | 708,809 | 762,677 | 736,061 | 855,439 | 656,544 | 597,138 | 1,039,950 | 1,646,577 | 1,344,660 | 893,585 | 396,034 | 368,394 |
Trade Debtors | 1,416,010 | 1,740,484 | 843,406 | 810,859 | 1,290,843 | 918,122 | 587,412 | 223,946 | 469,746 | 1,150,352 | 656,311 | 1,682,706 | 1,246,254 | 916,708 | 368,334 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 81,801 | 17,443 | 116,432 | 28,475 | 23,684 | 121,330 | 128,344 | 132,867 | 112,581 | 123,384 | 0 | 0 | 34,632 | 0 |
Cash | 931,543 | 298,174 | 728,823 | 1,942,652 | 980,898 | 1,646,426 | 1,252,188 | 2,497,334 | 2,813,217 | 1,767,355 | 1,545,208 | 488,474 | 382,068 | 192,922 | 300,657 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,716,964 | 3,276,741 | 2,298,966 | 3,578,752 | 3,062,893 | 3,324,293 | 2,816,369 | 3,506,168 | 4,012,968 | 4,070,238 | 3,971,480 | 3,515,840 | 2,521,907 | 1,540,296 | 1,037,385 |
total assets | 6,175,965 | 5,132,095 | 3,670,161 | 4,975,730 | 4,536,415 | 4,486,898 | 4,109,154 | 4,797,877 | 4,578,811 | 5,052,920 | 5,064,038 | 4,716,990 | 3,470,983 | 2,133,012 | 1,547,428 |
Bank overdraft | 0 | 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 | 0 |
Trade Creditors | 799,769 | 1,110,592 | 322,068 | 221,372 | 526,717 | 533,169 | 652,518 | 311,680 | 499,158 | 940,915 | 881,854 | 1,411,588 | 999,021 | 629,895 | 625,157 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114,500 | 171,750 | 76,757 | 0 |
other current liabilities | 563,298 | 188,291 | 162,342 | 379,829 | 178,220 | 364,008 | 180,842 | 65,733 | 263,092 | 398,581 | 634,495 | 811,039 | 462,573 | 259,972 | 0 |
total current liabilities | 1,363,067 | 1,298,883 | 484,410 | 601,201 | 704,937 | 897,177 | 833,360 | 377,413 | 762,250 | 1,339,496 | 1,516,349 | 2,387,127 | 1,633,344 | 966,624 | 625,157 |
loans | 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 | 114,500 | 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 | 80,125 |
provisions | 525,000 | 361,843 | 177,159 | 194,436 | 172,992 | 106,161 | 126,486 | 97,421 | 0 | 0 | 0 | 0 | 14,346 | 22,933 | 26,844 |
total long term liabilities | 525,000 | 361,843 | 177,159 | 194,436 | 172,992 | 106,161 | 126,486 | 97,421 | 0 | 0 | 0 | 0 | 128,846 | 22,933 | 106,969 |
total liabilities | 1,888,067 | 1,660,726 | 661,569 | 795,637 | 877,929 | 1,003,338 | 959,846 | 474,834 | 762,250 | 1,339,496 | 1,516,349 | 2,387,127 | 1,762,190 | 989,557 | 732,126 |
net assets | 4,287,898 | 3,471,369 | 3,008,592 | 4,180,093 | 3,658,486 | 3,483,560 | 3,149,308 | 4,323,043 | 3,816,561 | 3,713,424 | 3,547,689 | 2,329,863 | 1,708,793 | 1,143,455 | 815,302 |
total shareholders funds | 4,287,898 | 3,471,369 | 3,008,592 | 4,180,093 | 3,658,486 | 3,483,560 | 3,149,308 | 4,323,043 | 3,816,561 | 3,713,424 | 3,547,689 | 2,329,863 | 1,708,793 | 1,143,455 | 815,302 |
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -71,864 | 442,035 | 855,545 | 1,909,605 | 1,279,083 | 769,808 | 461,515 | ||||||||
Depreciation | 319,992 | 196,495 | 213,420 | 240,378 | 210,294 | 19,237 | 219,122 | 220,743 | 467,365 | 525,566 | 532,978 | 481,920 | 364,429 | 228,111 | 138,403 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 17,220 | -94,968 | -191,575 | -436,393 | -339,293 | -199,714 | -127,235 | ||||||||
Stock | 213,129 | 446,988 | 485 | -53,868 | 26,616 | -119,378 | 198,895 | 59,406 | -442,812 | -606,627 | 301,917 | 451,075 | 497,551 | 27,640 | 368,394 |
Debtors | -406,275 | 986,436 | 58,558 | -392,027 | 377,512 | 233,064 | 356,452 | -250,323 | -660,320 | 483,238 | -903,011 | 436,452 | 294,914 | 583,006 | 368,334 |
Creditors | -310,823 | 788,524 | 100,696 | -305,345 | -6,452 | -119,349 | 340,838 | -187,478 | -441,757 | 59,061 | -529,734 | 412,567 | 369,126 | 4,738 | 625,157 |
Accruals and Deferred Income | 375,007 | 25,949 | -217,487 | 201,609 | -185,788 | 183,166 | 115,109 | -197,359 | -135,489 | -235,914 | -176,544 | 348,466 | 202,601 | 259,972 | 0 |
Deferred Taxes & Provisions | 163,157 | 184,684 | -17,277 | 21,444 | 66,831 | -20,325 | 29,065 | 97,421 | 0 | 0 | 0 | -14,346 | -8,587 | -3,911 | 26,844 |
Cash flow from operations | 69,600 | 1,340,318 | 1,136,072 | 1,901,006 | 1,280,870 | 705,198 | 212,544 | ||||||||
Investing Activities | |||||||||||||||
capital expenditure | -37,839 | -415,991 | -426,000 | -736,253 | -259,557 | ||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | -37,839 | -415,991 | -426,000 | -736,253 | -259,557 | ||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 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 | -50,000 | 50,000 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | -114,500 | -171,750 | 209,493 | 76,757 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -80,125 | 80,125 |
share issue | |||||||||||||||
interest | 6,864 | 6,070 | 1,766 | -5,386 | -8,720 | -4,756 | -6,127 | ||||||||
cash flow from financing | 811,126 | 6,070 | 1,765 | -169,886 | -130,470 | 204,737 | -9,495 | ||||||||
cash and cash equivalents | |||||||||||||||
cash | 633,369 | -430,649 | -1,213,829 | 961,754 | -665,528 | 394,238 | -1,245,146 | -315,883 | 1,045,862 | 222,147 | 1,056,734 | 106,406 | 189,146 | -107,735 | 300,657 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 633,369 | -430,649 | -1,213,829 | 961,754 | -665,528 | 394,238 | -1,245,146 | -315,883 | 1,045,862 | 222,147 | 1,056,734 | 106,406 | 189,146 | -107,735 | 300,657 |
lion engineering services limited Credit Report and Business Information
Lion Engineering Services Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Geoffrey Kimber-Smith | United Kingdom | 74 years | Sep 2017 | - | Director |
Mr Maurice Cliffen | 64 years | Jul 2021 | - | Director | |
Mr Thomas Kimber-Smith | United Kingdom | 40 years | May 2022 | - | Director |
P&L
August 2023turnover
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 2023net 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
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
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lion engineering services limited Companies House Filings - See Documents
date | description | view/download |
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