a c price (engineering) limited

1.5

a c price (engineering) limited Company Information

Share A C PRICE (ENGINEERING) LIMITED
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Company Number

02941418

Registered Address

dale house masongill, ingleton, carnforth, lancashire, LA6 3NN

Industry

Manufacture of agricultural and forestry machinery (other than agricultural tractors)

 

Telephone

01524242333

Next Accounts Due

July 2024

Group Structure

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Directors

Alexis Price29 Years

Shareholders

alexis clifford price 50%

danusia price 50%

a c price (engineering) limited Estimated Valuation

£761.2k

Pomanda estimates the enterprise value of A C PRICE (ENGINEERING) LIMITED at £761.2k based on a Turnover of £1.6m and 0.48x industry multiple (adjusted for size and gross margin).

a c price (engineering) limited Estimated Valuation

£24.5k

Pomanda estimates the enterprise value of A C PRICE (ENGINEERING) LIMITED at £24.5k based on an EBITDA of £5.9k and a 4.17x industry multiple (adjusted for size and gross margin).

a c price (engineering) limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of A C PRICE (ENGINEERING) LIMITED at £1.7m based on Net Assets of £906.4k and 1.87x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from October 2022 

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A C Price (engineering) Limited Overview

A C Price (engineering) Limited is a live company located in carnforth, LA6 3NN with a Companies House number of 02941418. It operates in the manufacture of agricultural and forestry machinery other than tractors sector, SIC Code 28302. Founded in June 1994, it's largest shareholder is alexis clifford price with a 50% stake. A C Price (engineering) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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A C Price (engineering) Limited Health Check

Pomanda's financial health check has awarded A C Price (Engineering) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £1.6m, make it smaller than the average company (£18.9m)

£1.6m - A C Price (engineering) Limited

£18.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.8%)

-3% - A C Price (engineering) Limited

2.8% - Industry AVG

production

Production

with a gross margin of 17.8%, this company has a higher cost of product (26.3%)

17.8% - A C Price (engineering) Limited

26.3% - Industry AVG

profitability

Profitability

an operating margin of -4.7% make it less profitable than the average company (5%)

-4.7% - A C Price (engineering) Limited

5% - Industry AVG

employees

Employees

with 12 employees, this is below the industry average (95)

12 - A C Price (engineering) Limited

95 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.1k, the company has an equivalent pay structure (£36.1k)

£36.1k - A C Price (engineering) Limited

£36.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £131.9k, this is less efficient (£176.5k)

£131.9k - A C Price (engineering) Limited

£176.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 33 days, this is earlier than average (46 days)

33 days - A C Price (engineering) Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 164 days, this is slower than average (42 days)

164 days - A C Price (engineering) Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 318 days, this is more than average (134 days)

318 days - A C Price (engineering) Limited

134 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - A C Price (engineering) Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.2%, this is a higher level of debt than the average (39.6%)

52.2% - A C Price (engineering) Limited

39.6% - Industry AVG

a c price (engineering) 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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A C Price (engineering) Limited Competitor Analysis

BETA
competitor_analysis_table_img

Perform a competitor analysis for a c price (engineering) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

a c price (engineering) limited Ownership

A C PRICE (ENGINEERING) LIMITED group structure

A C Price (Engineering) Limited has no subsidiary companies.

Ultimate parent company

A C PRICE (ENGINEERING) LIMITED

02941418

A C PRICE (ENGINEERING) LIMITED Shareholders

alexis clifford price 50%
danusia price 50%

a c price (engineering) limited directors

A C Price (Engineering) Limited currently has 1 director, Ms Alexis Price serving since Jun 1994.

officercountryagestartendrole
Ms Alexis Price57 years Jun 1994- Director

A C PRICE (ENGINEERING) LIMITED financials

EXPORTms excel logo

A C Price (Engineering) Limited's latest turnover from October 2022 is estimated at £1.6 million and the company has net assets of £906.4 thousand. According to their latest financial statements, A C Price (Engineering) Limited has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover1,583,3281,538,5122,034,8461,728,9702,040,2921,579,2731,640,1422,470,6442,289,1202,457,2861,386,2131,038,2031,075,6920
Other Income Or Grants00000000000000
Cost Of Sales1,301,1961,277,9771,618,0541,399,7101,646,9441,268,9111,288,9111,984,8011,843,7511,964,2451,101,121852,745877,7070
Gross Profit282,133260,534416,792329,260393,348310,363351,231485,843445,368493,042285,093185,458197,9850
Admin Expenses356,954302,172451,907227,484433,685159,691347,111332,064353,17411,267286,702172,077162,618-439,571
Operating Profit-74,821-41,638-35,115101,776-40,337150,6724,120153,77992,194481,775-1,60913,38135,367439,571
Interest Payable10,1864,6571,09506,7846,28200000000
Interest Receivable001181183155100673763624266964
Pre-Tax Profit-85,007-46,295-36,199101,857-46,938144,5464,220153,84692,570482,136-1,56713,38635,436439,635
Tax000-19,3530-27,464-844-30,769-19,440-110,8910-3,480-9,922-123,098
Profit After Tax-85,007-46,295-36,19982,504-46,938117,0823,376123,07773,130371,245-1,5679,90625,514316,537
Dividends Paid00000000000000
Retained Profit-85,007-46,295-36,19982,504-46,938117,0823,376123,07773,130371,245-1,5679,90625,514316,537
Employee Costs432,626441,912360,717356,477305,358371,413193,658266,159274,292335,990181,498145,123145,6590
Number Of Employees12121010911688116550
EBITDA*5,87743,54055,338202,05164,531230,86165,959221,399159,736532,71831,82340,88770,828460,622

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets609,401687,874729,683818,732917,604810,371539,520538,804532,214563,014475,139487,082493,961420,788
Intangible Assets7,0499,2743,5114,9146,3177,0187,7198,4209,1219,82210,52311,22411,92512,626
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets616,450697,148733,194823,646923,921817,389547,239547,224541,335572,836485,662498,306505,886433,414
Stock & work in progress1,135,1641,116,372996,0501,000,8961,097,738820,747997,9471,235,000929,726997,745424,011423,696416,359432,143
Trade Debtors145,021222,087368,004216,744186,375191,074103,022233,309308,919194,597123,62250,30177,413122,135
Group Debtors00000000000000
Misc Debtors00000000000000
Cash00021,35423448,58775,6654,54022,314128,10916,6352961,93525,558
misc current assets00000000000000
total current assets1,280,1851,338,4591,364,0541,238,9941,284,3471,060,4081,176,6341,472,8491,260,9591,320,451564,268474,293495,707579,836
total assets1,896,6352,035,6072,097,2482,062,6402,208,2681,877,7971,723,8732,020,0731,802,2941,893,2871,049,930972,5991,001,5931,013,250
Bank overdraft130,156116,77335,90500000000000
Bank loan00000000000000
Trade Creditors 584,995390,942553,625436,793624,866475,854614,216906,509866,5191,058,165623,055509,596494,721571,810
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities715,151507,715589,530436,793624,866475,854614,216906,509866,5191,058,165623,055509,596494,721571,810
loans00000201,01200000000
hp & lease commitments00000000000000
Accruals and Deferred Income0044,30400000000000
other liabilities228,200485,204353,577477,979512,939108,019145,913148,40398,234113,48576,483111,044164,819124,901
provisions46,91751,31472,16874,00079,09954,61042,52447,31742,77400000
total long term liabilities275,117536,518470,049551,979592,038363,641188,437195,720141,008113,48576,483111,044164,819124,901
total liabilities990,2681,044,2331,059,579988,7721,216,904839,495802,6531,102,2291,007,5271,171,650699,538620,640659,540696,711
net assets906,367991,3741,037,6691,073,868991,3641,038,302921,220917,844794,767721,637350,392351,959342,053316,539
total shareholders funds906,367991,3741,037,6691,073,868991,3641,038,302921,220917,844794,767721,637350,392351,959342,053316,539
Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit-74,821-41,638-35,115101,776-40,337150,6724,120153,77992,194481,775-1,60913,38135,367439,571
Depreciation78,47382,64389,05098,872104,16779,48861,13866,91966,84150,24232,73126,80534,76020,350
Amortisation2,2252,5351,4031,403701701701701701701701701701701
Tax000-19,3530-27,464-844-30,769-19,440-110,8910-3,480-9,922-123,098
Stock18,792120,322-4,846-96,842276,991-177,200-237,053305,274-68,019573,7343157,337-15,784432,143
Debtors-77,066-145,917151,26030,369-4,69988,052-130,287-75,610114,32270,97573,321-27,112-44,722122,135
Creditors194,053-162,683116,832-188,073149,012-138,362-292,29339,990-191,646435,110113,45914,875-77,089571,810
Accruals and Deferred Income0-44,30444,30400000000000
Deferred Taxes & Provisions-4,397-20,854-1,832-5,09924,48912,086-4,7934,54342,77400000
Cash flow from operations253,807-158,70668,22855,999-34,260166,269135,3695,499-54,879212,22871,64672,05744,323355,056
Investing Activities
capital expenditure0-49,132-10-211,400-350,339-61,854-73,509-36,041-138,117-20,788-19,926-107,933-454,465
Change in Investments00000000000000
cash flow from investments0-49,132-10-211,400-350,339-61,854-73,509-36,041-138,117-20,788-19,926-107,933-454,465
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans0000-201,012201,01200000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-257,004131,627-124,402-34,960404,920-37,894-2,49050,169-15,25137,002-34,561-53,77539,918124,901
share issue00000000000002
interest-10,186-4,657-1,08481-6,601-6,127100673763624266964
cash flow from financing-267,190126,970-125,486-34,879197,307156,991-2,39050,236-14,87537,364-34,519-53,76939,987124,967
cash and cash equivalents
cash00-21,35421,120-48,353-27,07871,125-17,774-105,795111,47416,339-1,639-23,62325,558
overdraft13,38380,86835,90500000000000
change in cash-13,383-80,868-57,25921,120-48,353-27,07871,125-17,774-105,795111,47416,339-1,639-23,62325,558

P&L

October 2022

turnover

1.6m

+3%

operating profit

-74.8k

0%

gross margin

17.9%

+5.22%

turnover

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

Balance Sheet

October 2022

net assets

906.4k

-0.09%

total assets

1.9m

-0.07%

cash

0

0%

net assets

Total assets minus all liabilities

a c price (engineering) limited company details

company number

02941418

Type

Private limited with Share Capital

industry

28302 - Manufacture of agricultural and forestry machinery (other than agricultural tractors)

incorporation date

June 1994

age

30

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

dale house masongill, ingleton, carnforth, lancashire, LA6 3NN

last accounts submitted

October 2022

a c price (engineering) 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 a c price (engineering) limited.

charges

a c price (engineering) limited Companies House Filings - See Documents

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