Unitech Engineering Ltd

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unitech engineering ltd Company Information

Live

MatureMidDeclining

Company Number

03165038

Website

www.unitech.uk.com

Registered Address

unitech house, prospect rd, burntwood, staffordshire, WS7 0AU

Industry

Manufacture of other special-purpose machinery n.e.c.

Telephone

01543675800

Next Accounts Due

September 2024

Group Structure

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Directors

Alexander Imlah28 Years

Mark Street24 Years

View All

Shareholders

unitech industries ltd 100%

unitech engineering ltd Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of UNITECH ENGINEERING LTD at £5.6m based on a Turnover of £8.9m and 0.63x industry multiple (adjusted for size and gross margin).

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Unitech Engineering Ltd is a live company located in staffordshire, WS7 0AU with a Companies House number of 03165038. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in February 1996, it's largest shareholder is unitech industries ltd with a 100% stake. Unitech Engineering Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Unitech Engineering Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £8.9m, make it in line with the average company (£10.6m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (-0.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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UNITECH ENGINEERING LTD group structure

Unitech Engineering Ltd has no subsidiary companies.

Ultimate parent company

UNITECH INDUSTRIES LIMITED

02651228

1 parent

UNITECH ENGINEERING LTD

03165038

UNITECH ENGINEERING LTD Shareholders

unitech industries ltd

100%

Unitech Engineering Ltd currently has 4 directors. The longest serving directors include Mr Alexander Imlah (Feb 1996) and Mr Mark Street (Jun 1999).

officer	country	age	start	end	role
Mr Alexander Imlah		60 years	Feb 1996	-	Director
Mr Mark Street	United Kingdom	64 years	Jun 1999	-	Director
Mr Colin McCourt		58 years	Jul 2011	-	Director
Mr Julian Kearne		53 years	Mar 2023	-	Director

EXPORT

Unitech Engineering Ltd's latest turnover from December 2022 is estimated at £8.9 million and the company has net assets of £938.2 thousand. According to their latest financial statements, Unitech Engineering Ltd has 115 employees and maintains cash reserves of £3.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	8,874,239	7,680,151	8,366,829	9,473,392	9,346,807	8,957,960	10,299,384	10,448,884	13,126,575	11,479,316	7,130,328	9,341,368	8,363,184	6,090,872
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,130,906	5,315,861	5,889,233	6,625,336	7,113,168	6,731,076	6,693,332	7,528,883	10,007,572	7,894,199	4,435,783	6,584,560	5,835,127	3,997,782
Gross Profit	2,743,333	2,364,289	2,477,596	2,848,056	2,233,639	2,226,884	3,606,052	2,920,001	3,119,003	3,585,117	2,694,545	2,756,808	2,528,057	2,093,090
Admin Expenses	2,791,897	2,733,206	1,813,335	2,572,069	2,043,683	2,370,859	3,466,169	2,860,319	2,906,992	2,721,466	2,649,887	2,504,289	2,331,942	1,989,461
Operating Profit	-48,564	-368,917	664,261	275,987	189,956	-143,975	139,883	59,682	212,011	863,651	44,658	252,519	196,115	103,629
Interest Payable	11,137	0	10,813	24,385	16,001	27,501	33,436	26,287	22,871	20,137	38,883	37,283	30,457	40,733
Interest Receivable	4,004	872	239	39	315	0	0	0	1,959	0	0	0	0	0
Pre-Tax Profit	-55,698	-368,045	653,686	251,641	174,270	-171,476	106,447	33,395	191,099	843,514	5,775	215,236	165,658	62,896
Tax	0	0	-124,200	-47,812	40,496	143,709	184,420	-9,772	-24,972	-204,693	-3,098	-69,887	-44,305	-12,400
Profit After Tax	-55,698	-368,045	529,486	203,829	214,766	-27,767	290,867	23,623	166,127	638,821	2,677	145,349	121,353	50,496
Dividends Paid	0	0	0	0	200,000	0	400,000	500,000	0	500,000	0	0	0	0
Retained Profit	-55,698	-368,045	529,486	203,829	14,766	-27,767	-109,133	-476,377	166,127	138,821	2,677	145,349	121,353	50,496
Employee Costs	5,603,410	5,322,126	5,605,916	6,098,208	4,227,247	4,185,695	4,198,765	3,517,111	3,747,753	3,523,652	3,438,563	3,699,900	3,121,384	2,470,687
Number Of Employees	115	113	122	133	148	158	164	140	139	134	138	135	114	100
EBITDA*	6,764	-313,825	748,797	394,507	357,201	69,631	376,511	255,321	382,419	1,007,923	224,136	517,755	408,919	307,407

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	140,931	167,882	259,581	375,133	521,793	681,251	725,328	586,504	532,248	485,828	574,878	854,759	830,322	671,773
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	450,000	500,000	0	0	0	0	0
Total Fixed Assets	140,931	167,882	259,581	375,133	521,793	681,251	725,328	1,036,504	1,032,248	485,828	574,878	854,759	830,322	671,773
Stock & work in progress	727,585	502,552	490,693	491,282	1,000,983	672,088	767,129	673,419	1,325,387	1,098,065	697,954	443,257	660,836	528,440
Trade Debtors	1,015,520	718,340	696,467	750,620	534,495	1,585,218	1,322,735	1,009,760	1,777,379	1,484,552	1,029,438	1,309,842	1,521,912	1,198,982
Group Debtors	268,517	510,925	1,011,712	712,520	213,246	320,910	309,313	173,625	10,765	695,037	902,288	1,116,871	527,986	320,662
Misc Debtors	246,483	137,125	69,133	235,995	258,707	248,262	269,649	162,122	154,629	199,904	106,756	187,160	96,573	125,050
Cash	3,775	225,010	472,641	4,848	5,553	4,570	5,228	46,654	121	143	20	195	809	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,261,880	2,093,952	2,740,646	2,195,265	2,012,984	2,831,048	2,674,054	2,065,580	3,268,281	3,477,701	2,736,456	3,057,325	2,808,116	2,173,134
total assets	2,402,811	2,261,834	3,000,227	2,570,398	2,534,777	3,512,299	3,399,382	3,102,084	4,300,529	3,963,529	3,311,334	3,912,084	3,638,438	2,844,907
Bank overdraft	234,471	0	0	354,535	367,982	679,288	294,173	0	223,195	163,347	181,220	415,932	239,640	374,443
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	736,221	682,089	646,206	724,104	612,865	767,947	1,280,666	1,102,256	1,834,905	1,591,424	840,613	950,527	1,145,536	867,167
Group/Directors Accounts	11,655	3,362	110,491	6,192	4,346	152,290	48,346	46,098	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	3,126
hp & lease commitments	0	0	3,940	52,317	105,751	177,865	225,531	127,609	114,640	130,596	228,114	228,214	176,576	196,040
other current liabilities	482,262	582,483	877,645	600,791	762,659	962,750	629,152	799,149	754,723	919,312	952,554	1,013,738	943,253	472,678
total current liabilities	1,464,609	1,267,934	1,638,282	1,737,939	1,853,603	2,740,140	2,477,868	2,075,112	2,927,463	2,804,679	2,202,501	2,608,411	2,505,005	1,913,454
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	52,544	158,295	262,883	250,208	136,925	85,836	174,640	378,157	344,616	250,389
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	12,000	6,000	12,750	24,750
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	14,000	20,000	0	0	0	0	1,900	3,500
total long term liabilities	0	0	0	0	52,544	158,295	276,883	270,208	136,925	85,836	186,640	384,157	359,266	278,639
total liabilities	1,464,609	1,267,934	1,638,282	1,737,939	1,906,147	2,898,435	2,754,751	2,345,320	3,064,388	2,890,515	2,389,141	2,992,568	2,864,271	2,192,093
net assets	938,202	993,900	1,361,945	832,459	628,630	613,864	644,631	756,764	1,236,141	1,073,014	922,193	919,516	774,167	652,814
total shareholders funds	938,202	993,900	1,361,945	832,459	628,630	613,864	644,631	756,764	1,236,141	1,073,014	922,193	919,516	774,167	652,814

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-48,564	-368,917	664,261	275,987	189,956	-143,975	139,883	59,682	212,011	863,651	44,658	252,519	196,115	103,629
Depreciation	55,328	55,092	84,536	118,520	167,245	213,606	236,628	195,639	170,408	144,272	179,478	265,236	212,804	195,885
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	7,893
Tax	0	0	-124,200	-47,812	40,496	143,709	184,420	-9,772	-24,972	-204,693	-3,098	-69,887	-44,305	-12,400
Stock	225,033	11,859	-589	-509,701	328,895	-95,041	93,710	-651,968	227,322	400,111	254,697	-217,579	132,396	528,440
Debtors	164,130	-410,922	78,177	692,687	-1,147,942	252,693	106,190	-647,266	63,280	341,011	-575,391	467,402	501,777	1,644,694
Creditors	54,132	35,883	-77,898	111,239	-155,082	-512,719	178,410	-732,649	243,481	750,811	-109,914	-195,009	278,369	867,167
Accruals and Deferred Income	-100,221	-295,162	276,854	-161,868	-200,091	333,598	-169,997	44,426	-164,589	-45,242	-55,184	63,735	458,575	497,428
Deferred Taxes & Provisions	0	0	0	0	0	-14,000	-6,000	20,000	0	0	0	-1,900	-1,600	3,500
Cash flow from operations	-428,488	-174,041	745,965	113,080	861,571	-137,433	363,444	876,560	145,737	767,677	376,634	64,871	465,785	-510,032
Investing Activities
capital expenditure	-28,377	36,607	31,016	28,140	-7,787	-169,529	-375,452	-249,895	-216,828	-55,222	100,403	-289,673	-371,353	-875,551
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-28,377	36,607	31,016	28,140	-7,787	-169,529	-375,452	-249,895	-216,828	-55,222	100,403	-289,673	-371,353	-875,551
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	8,293	-107,129	104,299	1,846	-147,944	103,944	2,248	46,098	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	-3,126	3,126
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-3,940	-48,377	-105,978	-177,865	-152,254	110,597	126,252	35,133	-186,322	-203,617	85,179	74,763	446,429
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	-3,000	-3,000	-3,000	-3,000	12,000	0	0	0	602,318
interest	-7,133	872	-10,574	-24,346	-15,686	-27,501	-33,436	-26,287	-20,912	-20,137	-38,883	-37,283	-30,457	-40,733
cash flow from financing	1,160	-110,197	45,348	-128,478	-341,495	-78,811	76,409	143,063	11,221	-194,459	-242,500	47,896	41,180	1,011,140
cash and cash equivalents
cash	-221,235	-247,631	467,793	-705	983	-658	-41,426	46,533	-22	123	-175	-614	809	0
overdraft	234,471	0	-354,535	-13,447	-311,306	385,115	294,173	-223,195	59,848	-17,873	-234,712	176,292	-134,803	374,443
change in cash	-455,706	-247,631	822,328	12,742	312,289	-385,773	-335,599	269,728	-59,870	17,996	234,537	-176,906	135,612	-374,443

P&L

December 2022

turnover

8.9m

+16%

operating profit

-48.6k

gross margin

31%

+0.42%

turnover

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

Balance Sheet

December 2022

net assets

938.2k

-0.06%

total assets

2.4m

+0.06%

cash

3.8k

-0.98%

net assets

Total assets minus all liabilities

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company number

03165038

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

February 1996

age

accounts

Small Company

ultimate parent company

UNITECH INDUSTRIES LIMITED

previous names

wednesbury catering equipment limited (August 2001)

unitech industries limited (October 1996)

incorporated

address

unitech house, prospect rd, burntwood, staffordshire, WS7 0AU

last accounts submitted

December 2022

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 4 charges/mortgages relating to unitech engineering ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

unitech engineering ltd Company Information

unitech engineering ltd Estimated Valuation

unitech engineering ltd Estimated Valuation

unitech engineering ltd Estimated Valuation

Unitech Engineering Ltd AI Business Plan

Unitech Engineering Ltd Overview

Unitech Engineering Ltd Health Check

unitech engineering ltd Credit Report and Business Information

Unitech Engineering Ltd Competitor Analysis

unitech engineering ltd Ownership

unitech engineering ltd directors

UNITECH ENGINEERING LTD financials

unitech engineering ltd company details

unitech engineering ltd Charges & Mortgages

unitech engineering ltd Companies House Filings - See Documents