Haigh Engineering (north West) Limited

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haigh engineering (north west) limited Company Information

Live

MatureMicroDeclining

Company Number

02907598

Website

haigh-engineering-liverpool.co.uk

Registered Address

49 keswick way, bowring park, liverpool, merseyside, L16 2NP

Industry

Manufacture of metal structures and parts of structures

Telephone

01515460471

Next Accounts Due

December 2024

Group Structure

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Directors

Veronica Allmark30 Years

William Allmark30 Years

Shareholders

william allmark 50%

veronica allmark 50%

haigh engineering (north west) limited Estimated Valuation

£434.7k

Pomanda estimates the enterprise value of HAIGH ENGINEERING (NORTH WEST) LIMITED at £434.7k based on Net Assets of £218.6k and 1.99x industry multiple (adjusted for liquidity).

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Haigh Engineering (north West) Limited is a live company located in liverpool, L16 2NP with a Companies House number of 02907598. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in March 1994, it's largest shareholder is william allmark with a 50% stake. Haigh Engineering (north West) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £412.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Haigh Engineering (North West) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £412.6k, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.1%)

EXPORT

Haigh Engineering (North West) Limited's latest turnover from March 2023 is estimated at £412.6 thousand and the company has net assets of £218.6 thousand. According to their latest financial statements, Haigh Engineering (North West) Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	412,550	463,642	374,096	433,077	435,854	465,911	477,569	196,116	132,759	113,956	96,244	51,572	300,253	262,790
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	345,615	392,546	316,141	362,329	356,759	379,496	383,472	156,077	106,974	92,096	77,628	42,025	240,919	211,716
Gross Profit	66,936	71,096	57,955	70,749	79,095	86,415	94,097	40,040	25,786	21,860	18,616	9,547	59,334	51,074
Admin Expenses	123,902	121,392	44,955	70,903	66,217	81,489	75,841	30,271	60,320	57,755	58,116	51,375	13,493	85,533
Operating Profit	-56,966	-50,296	13,000	-154	12,878	4,926	18,256	9,769	-34,534	-35,895	-39,500	-41,828	45,841	-34,459
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	406	0	0
Interest Receivable	0	0	0	0	0	0	114	509	595	931	1,226	1,259	47	52
Pre-Tax Profit	-56,966	-50,296	13,000	-154	12,878	4,926	18,370	10,278	-33,939	-34,964	-38,274	-40,975	155,643	-34,407
Tax	0	0	-2,470	0	-2,447	-936	-3,674	-2,055	0	0	0	0	-32,188	6,829
Profit After Tax	-56,966	-50,296	10,530	-154	10,431	3,990	14,696	8,222	-33,939	-34,964	-38,274	-40,975	123,455	-27,578
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	41,500	40,000
Retained Profit	-56,966	-50,296	10,530	-154	10,431	3,990	14,696	8,222	-33,939	-34,964	-38,274	-40,975	81,955	-67,578
Employee Costs	81,458	76,019	73,144	112,517	110,509	105,454	105,500	66,209	33,996	32,515	32,903	31,907	157,725	163,804
Number Of Employees	2	2	2	3	3	3	3	2	1	1	1	1	8	9
EBITDA*	-56,966	-50,296	13,000	-154	12,878	4,926	18,256	9,769	-34,534	-35,895	-39,500	-41,828	228,810	-23,376

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	131,967	131,967	131,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	180,212
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	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	131,967	131,967	131,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	146,967	180,212
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	2,000
Trade Debtors	161,240	212,602	200,713	173,150	180,380	183,860	186,029	0	1,805	6,356	6,356	6,356	57,614	51,578
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	35,886
Cash	0	0	0	0	0	0	0	90,991	112,516	125,676	246,531	243,800	259,764	117,931
misc current assets	0	0	0	0	0	0	0	102,494	101,063	100,106	0	13,750	30,435	0
total current assets	161,240	212,602	200,713	173,150	180,380	183,860	186,029	193,485	215,384	232,138	252,887	263,906	347,813	207,395
total assets	293,207	344,569	332,680	320,117	327,347	330,827	332,996	340,452	362,351	379,105	399,854	410,873	494,780	387,607
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	12,500	8,109
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	74,640	69,036	6,851	4,818	11,894	25,805	31,964	53,916	84,037	66,852	52,637	25,382	5,007	11,558
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	50,807	23,429
total current liabilities	74,640	69,036	6,851	4,818	11,894	25,805	31,964	53,916	84,037	66,852	52,637	25,382	68,314	43,096
loans	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	0
Accruals and Deferred Income	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
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	74,640	69,036	6,851	4,818	11,894	25,805	31,964	53,916	84,037	66,852	52,637	25,382	68,314	43,096
net assets	218,567	275,533	325,829	315,299	315,453	305,022	301,032	286,536	278,314	312,253	347,217	385,491	426,466	344,511
total shareholders funds	218,567	275,533	325,829	315,299	315,453	305,022	301,032	286,536	278,314	312,253	347,217	385,491	426,466	344,511

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-56,966	-50,296	13,000	-154	12,878	4,926	18,256	9,769	-34,534	-35,895	-39,500	-41,828	45,841	-34,459
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	182,969	11,083
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-2,470	0	-2,447	-936	-3,674	-2,055	0	0	0	0	-32,188	6,829
Stock	0	0	0	0	0	0	0	0	0	0	0	0	-2,000	2,000
Debtors	-51,362	11,889	27,563	-7,230	-3,480	-2,169	186,029	-1,805	-4,551	0	0	-51,258	-29,850	87,464
Creditors	5,604	62,185	2,033	-7,076	-13,911	-6,159	-21,952	-30,121	17,185	14,215	27,255	20,375	-6,551	11,558
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	-50,807	27,378	23,429
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	-15,000	0	0	0	-193,399	-20,602	-12,798	-21,680	-12,245	-21,002	249,299	-71,024
Investing Activities
capital expenditure	0	0	15,000	0	0	0	0	0	0	0	0	0	-149,724	-191,295
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	15,000	0	0	0	0	0	0	0	0	0	-149,724	-191,295
Financing Activities
Bank loans	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	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	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	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-200	0	0	0	0	0	0	412,089
interest	0	0	0	0	0	0	114	509	595	931	1,226	853	47	52
cash flow from financing	0	0	0	0	0	0	-86	509	595	931	1,226	853	47	412,141
cash and cash equivalents
cash	0	0	0	0	0	0	-90,991	-21,525	-13,160	-120,855	2,731	-15,964	141,833	117,931
overdraft	0	0	0	0	0	0	0	0	0	0	0	-12,500	4,391	8,109
change in cash	0	0	0	0	0	0	-90,991	-21,525	-13,160	-120,855	2,731	-3,464	137,442	109,822

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for haigh engineering (north west) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in L16 area or any other competitors across 12 key performance metrics.

HAIGH ENGINEERING (NORTH WEST) LIMITED group structure

Haigh Engineering (North West) Limited has no subsidiary companies.

Ultimate parent company

HAIGH ENGINEERING (NORTH WEST) LIMITED

02907598

HAIGH ENGINEERING (NORTH WEST) LIMITED Shareholders

william allmark	50%
veronica allmark	50%

Haigh Engineering (North West) Limited currently has 2 directors. The longest serving directors include Mrs Veronica Allmark (Mar 1994) and Mr William Allmark (Mar 1994).

officer	country	age	start	end	role
Mrs Veronica Allmark		79 years	Mar 1994	-	Director
Mr William Allmark		82 years	Mar 1994	-	Director

P&L

March 2023

turnover

412.6k

-11%

operating profit

-57k

gross margin

16.3%

+5.81%

turnover

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

Balance Sheet

March 2023

net assets

218.6k

-0.21%

total assets

293.2k

-0.15%

cash

net assets

Total assets minus all liabilities

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company number

02907598

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

March 1994

ultimate parent company

None

previous names

N/A

address

49 keswick way, bowring park, liverpool, merseyside, L16 2NP

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 1 charges/mortgages relating to haigh engineering (north west) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

haigh engineering (north west) limited Company Information

haigh engineering (north west) limited Estimated Valuation

haigh engineering (north west) limited Estimated Valuation

haigh engineering (north west) limited Estimated Valuation

Haigh Engineering (north West) Limited Overview

Haigh Engineering (north West) Limited Health Check

HAIGH ENGINEERING (NORTH WEST) LIMITED financials

haigh engineering (north west) limited Credit Report and Business Information

Haigh Engineering (north West) Limited Competitor Analysis

haigh engineering (north west) limited Ownership

haigh engineering (north west) limited directors

haigh engineering (north west) limited company details

haigh engineering (north west) limited Charges & Mortgages

haigh engineering (north west) limited Companies House Filings - See Documents