Brightera Engineering Limited

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brightera engineering limited Company Information

Live

MatureMicroDeclining

Company Number

02962171

Website

www.brightera.co.uk

Registered Address

aissela 46 high street, esher, surrey, KT10 9QY

Industry

Machining

Telephone

02083375161

Next Accounts Due

June 2025

Group Structure

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Directors

Peter Mayersbeth29 Years

Jason Mayersbeth15 Years

Shareholders

peter mayersbeth 60%

jason mayersbeth 20%

View All

brightera engineering limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of BRIGHTERA ENGINEERING LIMITED at £1.1m based on Net Assets of £627.8k and 1.72x industry multiple (adjusted for liquidity).

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Brightera Engineering Limited is a live company located in surrey, KT10 9QY with a Companies House number of 02962171. It operates in the machining sector, SIC Code 25620. Founded in August 1994, it's largest shareholder is peter mayersbeth with a 60% stake. Brightera Engineering Limited is a mature, micro sized company, Pomanda has estimated its turnover at £479.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Brightera Engineering Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £479.6k, make it smaller than the average company (£9.7m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.2%)

EXPORT

Brightera Engineering Limited's latest turnover from September 2023 is estimated at £479.6 thousand and the company has net assets of £627.8 thousand. According to their latest financial statements, Brightera Engineering Limited has 8 employees and maintains cash reserves of £274 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	479,639	622,940	528,047	531,963	585,791	570,169	603,448	561,996	701,225	776,869	518,667	584,148	535,655	426,523	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	343,633	455,600	382,328	378,856	419,088	389,796	418,166	391,997	489,532	538,786	363,977	411,877	368,864	288,525	0
Gross Profit	136,006	167,340	145,719	153,107	166,703	180,373	185,282	169,999	211,693	238,083	154,691	172,271	166,792	137,998	0
Admin Expenses	91,414	141,381	149,463	112,181	163,144	155,924	144,711	148,701	176,030	170,969	158,631	83,618	111,249	111,025	-43,866
Operating Profit	44,592	25,959	-3,744	40,926	3,559	24,449	40,571	21,298	35,663	67,114	-3,940	88,653	55,543	26,973	43,866
Interest Payable	5,571	3,536	2,978	1,593	524	1,356	2,747	4,922	6,678	13,091	15,194	12,377	14,515	16,563	8,780
Interest Receivable	10,962	3,974	206	167	787	878	284	190	259	593	660	232	79	32	11
Pre-Tax Profit	49,983	26,396	-6,516	39,500	3,822	23,972	38,109	16,566	29,244	54,616	-18,474	76,508	41,107	10,442	35,097
Tax	-12,496	-5,015	0	-7,505	-726	-4,555	-7,241	-3,313	-5,849	-11,469	0	-18,362	-10,688	-2,924	-9,827
Profit After Tax	37,487	21,381	-6,516	31,995	3,096	19,417	30,868	13,253	23,395	43,147	-18,474	58,146	30,419	7,518	25,270
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	37,487	21,381	-6,516	31,995	3,096	19,417	30,868	13,253	23,395	43,147	-18,474	58,146	30,419	7,518	25,270
Employee Costs	342,862	369,066	391,000	388,701	405,003	393,545	361,587	210,458	245,472	274,966	169,658	171,541	165,389	131,005	0
Number Of Employees	8	9	10	10	11	11	10	6	7	8	5	5	5	4	0
EBITDA*	61,091	36,706	20,049	64,420	32,033	60,431	67,721	70,883	80,673	102,394	46,688	136,261	84,271	57,556	72,024

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	549,339	519,237	518,140	535,900	554,674	582,467	552,311	570,450	595,259	571,994	583,724	614,279	469,122	490,320	480,017
Intangible Assets	0	0	0	0	0	0	2,000	4,000	6,000	8,000	10,000	14,000	18,000	22,000	26,000
Investments & Other	0	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	0
Total Fixed Assets	549,339	519,237	518,140	535,900	554,674	582,467	554,311	574,450	601,259	579,994	593,724	628,279	487,122	512,320	506,017
Stock & work in progress	8,594	9,266	17,266	20,059	22,006	10,209	16,694	22,482	9,922	14,524	21,492	14,681	17,402	9,924	8,868
Trade Debtors	70,903	142,106	95,277	77,092	100,820	105,020	123,461	153,010	130,912	167,728	90,509	126,102	129,172	92,976	63,951
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	404	404	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	274,022	164,449	188,762	223,019	111,504	98,465	135,669	91,486	60,673	42,888	194,358	69,705	23,128	8,395	4,290
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	353,923	316,225	301,305	320,170	234,330	213,694	275,824	266,978	201,507	225,140	306,359	210,488	169,702	111,295	77,109
total assets	903,262	835,462	819,445	856,070	789,004	796,161	830,135	841,428	802,766	805,134	900,083	838,767	656,824	623,615	583,126
Bank overdraft	9,566	9,566	9,566	0	2,245	10,562	14,851	31,055	33,664	29,770	46,079	34,009	32,350	31,186	29,889
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	32,902	39,959	29,795	37,597	37,290	35,430	66,686	55,683	210,245	213,453	152,224	171,806	155,017	116,379	59,517
Group/Directors Accounts	103,506	103,506	94,496	87,518	87,203	97,203	144,203	125,203	0	0	0	0	0	0	0
other short term finances	34,944	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	7,191	9,587	9,929	13,087	9,576	0	7,707	0	0	0	0	0	0	0
other current liabilities	67,295	53,779	59,603	73,511	70,635	50,976	64,287	90,327	0	0	0	0	0	0	0
total current liabilities	248,213	214,001	203,047	208,555	210,460	203,747	290,027	309,975	243,909	243,223	198,303	205,815	187,367	147,565	89,406
loans	18,704	28,512	38,079	50,000	0	2,719	12,037	29,948	62,828	79,218	247,729	139,701	174,779	208,294	240,250
hp & lease commitments	0	0	7,191	16,778	26,707	35,964	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	0
other liabilities	0	0	0	0	0	0	0	0	7,777	23,386	38,239	54,465	0	0	0
provisions	8,510	2,601	2,161	5,254	8,349	13,339	7,096	11,398	11,398	5,848	5,500	10,000	3,271	6,768	0
total long term liabilities	27,214	31,113	47,431	72,032	35,056	52,022	19,133	41,346	82,003	108,452	291,468	204,166	178,050	215,062	240,250
total liabilities	275,427	245,114	250,478	280,587	245,516	255,769	309,160	351,321	325,912	351,675	489,771	409,981	365,417	362,627	329,656
net assets	627,835	590,348	568,967	575,483	543,488	540,392	520,975	490,107	476,854	453,459	410,312	428,786	291,407	260,988	253,470
total shareholders funds	627,835	590,348	568,967	575,483	543,488	540,392	520,975	490,107	476,854	453,459	410,312	428,786	291,407	260,988	253,470

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	44,592	25,959	-3,744	40,926	3,559	24,449	40,571	21,298	35,663	67,114	-3,940	88,653	55,543	26,973	43,866
Depreciation	16,499	10,747	23,793	23,494	28,474	33,982	25,150	47,585	43,010	33,280	46,628	43,608	24,728	26,583	24,158
Amortisation	0	0	0	0	0	2,000	2,000	2,000	2,000	2,000	4,000	4,000	4,000	4,000	4,000
Tax	-12,496	-5,015	0	-7,505	-726	-4,555	-7,241	-3,313	-5,849	-11,469	0	-18,362	-10,688	-2,924	-9,827
Stock	-672	-8,000	-2,793	-1,947	11,797	-6,485	-5,788	12,560	-4,602	-6,968	6,811	-2,721	7,478	1,056	8,868
Debtors	-71,203	47,233	18,185	-23,728	-4,200	-18,441	-29,549	22,098	-36,816	77,219	-35,593	-3,070	36,196	29,025	63,951
Creditors	-7,057	10,164	-7,802	307	1,860	-31,256	11,003	-154,562	-3,208	61,229	-19,582	16,789	38,638	56,862	59,517
Accruals and Deferred Income	13,516	-5,824	-13,908	2,876	19,659	-13,311	-26,040	90,327	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,909	440	-3,093	-3,095	-4,990	6,243	-4,302	0	5,550	348	-4,500	6,729	-3,497	6,768	0
Cash flow from operations	132,838	-2,762	-20,146	82,678	40,239	42,478	76,478	-31,323	118,584	82,251	51,388	147,208	65,050	88,181	48,895
Investing Activities
capital expenditure	-46,601	-11,844	-6,033	-4,720	-681	-64,138	-7,011	-22,776	-66,275	-21,550	-16,073	-188,765	-3,530	-36,886	-534,175
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-46,601	-11,844	-6,033	-4,720	-681	-64,138	-7,011	-22,776	-66,275	-21,550	-16,073	-188,765	-3,530	-36,886	-534,175
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	9,010	6,978	315	-10,000	-47,000	19,000	125,203	0	0	0	0	0	0	0
Other Short Term Loans	34,944	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,808	-9,567	-11,921	50,000	-2,719	-9,318	-17,911	-32,880	-16,390	-168,511	108,028	-35,078	-33,515	-31,956	240,250
Hire Purchase and Lease Commitments	-7,191	-9,587	-9,929	-13,087	-5,746	45,540	-7,707	7,707	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-7,777	-15,609	-14,853	-16,226	54,465	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	79,233	0	0	228,200
interest	5,391	438	-2,772	-1,426	263	-478	-2,463	-4,732	-6,419	-12,498	-14,534	-12,145	-14,436	-16,531	-8,769
cash flow from financing	23,336	-9,706	-17,644	35,802	-18,202	-11,256	-9,081	87,521	-38,418	-195,862	77,268	86,475	-47,951	-48,487	459,681
cash and cash equivalents
cash	109,573	-24,313	-34,257	111,515	13,039	-37,204	44,183	30,813	17,785	-151,470	124,653	46,577	14,733	4,105	4,290
overdraft	0	0	9,566	-2,245	-8,317	-4,289	-16,204	-2,609	3,894	-16,309	12,070	1,659	1,164	1,297	29,889
change in cash	109,573	-24,313	-43,823	113,760	21,356	-32,915	60,387	33,422	13,891	-135,161	112,583	44,918	13,569	2,808	-25,599

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BRIGHTERA ENGINEERING LIMITED group structure

Brightera Engineering Limited has no subsidiary companies.

Ultimate parent company

BRIGHTERA ENGINEERING LIMITED

02962171

BRIGHTERA ENGINEERING LIMITED Shareholders

peter mayersbeth	60%
jason mayersbeth	20%
scott mayersbeth	20%

Brightera Engineering Limited currently has 2 directors. The longest serving directors include Mr Peter Mayersbeth (Dec 1994) and Mr Jason Mayersbeth (Dec 2008).

officer	country	age	start	end	role
Mr Peter Mayersbeth	England	87 years	Dec 1994	-	Director
Mr Jason Mayersbeth	England	54 years	Dec 2008	-	Director

P&L

September 2023

turnover

479.6k

-23%

operating profit

44.6k

gross margin

28.4%

+5.56%

turnover

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

Balance Sheet

September 2023

net assets

627.8k

+0.06%

total assets

903.3k

+0.08%

cash

274k

+0.67%

net assets

Total assets minus all liabilities

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company number

02962171

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

August 1994

ultimate parent company

None

previous names

N/A

address

aissela 46 high street, esher, surrey, KT10 9QY

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 3 charges/mortgages relating to brightera engineering limited. Currently there are 3 open charges and 0 have been satisfied in the past.

brightera engineering limited Company Information

brightera engineering limited Estimated Valuation

brightera engineering limited Estimated Valuation

brightera engineering limited Estimated Valuation

Brightera Engineering Limited Overview

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BRIGHTERA ENGINEERING LIMITED financials

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