Shermaynes Engineering Limited

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shermaynes engineering limited Company Information

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Company Number

03251813

Website

www.shermaynes.co.uk

Registered Address

southgate industrial centre, shermaynes works, morecambe, lancashire, LA3 3PB

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

00152469333

Next Accounts Due

November 2024

Group Structure

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Directors

Steven Brookfield17 Years

Mark Easton16 Years

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Shareholders

brookfield ventures ltd 100%

shermaynes engineering limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of SHERMAYNES ENGINEERING LIMITED at £2.1m based on Net Assets of £956.1k and 2.2x industry multiple (adjusted for liquidity).

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Shermaynes Engineering Limited is a live company located in morecambe, LA3 3PB with a Companies House number of 03251813. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in September 1996, it's largest shareholder is brookfield ventures ltd with a 100% stake. Shermaynes Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Shermaynes Engineering Limited a 3.5 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 Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £2.7m, make it smaller than the average company (£12.1m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.7%)

EXPORT

Shermaynes Engineering Limited's latest turnover from February 2023 is estimated at £2.7 million and the company has net assets of £956.1 thousand. According to their latest financial statements, Shermaynes Engineering Limited has 32 employees and maintains cash reserves of £372.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,720,693	2,608,150	2,210,930	2,376,321	2,229,543	2,126,456	2,119,556	2,486,946	2,463,456	2,894,883	4,941,007	3,577,984	2,544,595	1,737,798
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,918,702	1,838,052	1,556,411	1,668,862	1,567,102	1,469,506	1,455,680	1,710,232	1,708,801	2,008,217	3,446,149	2,489,586	1,758,667	1,207,322
Gross Profit	801,992	770,097	654,519	707,459	662,442	656,950	663,875	776,714	754,655	886,666	1,494,858	1,088,398	785,928	530,477
Admin Expenses	671,969	642,619	749,165	756,068	712,115	567,834	825,020	829,765	754,587	607,102	1,204,177	823,009	645,241	194,263
Operating Profit	130,023	127,478	-94,646	-48,609	-49,673	89,116	-161,145	-53,051	68	279,564	290,681	265,389	140,687	336,214
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,602	947	76	842	1,267	782	411	1,084	1,418	2,753	2,468	1,195	1,060	441
Pre-Tax Profit	143,625	128,425	-94,570	-47,767	-48,406	89,898	-160,734	-51,967	1,486	282,317	293,149	266,584	141,747	336,656
Tax	-27,289	-24,401	0	0	0	-17,081	0	0	-312	-64,933	-70,356	-69,312	-39,689	-94,264
Profit After Tax	116,336	104,024	-94,570	-47,767	-48,406	72,817	-160,734	-51,967	1,174	217,384	222,793	197,272	102,058	242,392
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	116,336	104,024	-94,570	-47,767	-48,406	72,817	-160,734	-51,967	1,174	217,384	222,793	197,272	102,058	242,392
Employee Costs	1,222,047	1,048,245	1,030,595	1,187,129	1,129,951	1,108,053	1,256,984	1,535,317	670,294	818,244	1,257,872	942,906	680,884	494,613
Number Of Employees	32	29	29	33	33	33	38	47	21	26	41	31	23	17
EBITDA*	195,407	166,723	-48,538	4,485	12,181	161,522	-76,493	50,351	110,742	401,646	353,406	320,298	193,727	375,536

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	781,230	212,803	247,962	294,070	340,734	382,607	448,653	533,305	610,137	641,856	479,152	302,061	252,916	300,246
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	781,230	212,803	247,962	294,070	340,734	382,607	448,653	533,305	610,137	641,856	479,152	302,061	252,916	300,246
Stock & work in progress	150,430	162,558	142,115	106,102	122,789	146,131	133,634	99,158	145,914	94,690	155,520	212,607	121,470	137,183
Trade Debtors	567,647	628,950	486,954	551,952	484,634	409,330	396,975	430,847	616,162	724,479	973,623	855,035	650,974	364,734
Group Debtors	0	0	56,173	10,819	48,852	22,723	0	0	0	0	0	0	0	0
Misc Debtors	63,289	55,340	57,914	61,062	39,363	159,571	97,650	61,193	0	0	0	0	0	0
Cash	372,387	307,702	71,145	81,641	142,874	194,886	117,867	210,887	222,779	344,465	756,535	230,497	247,501	176,428
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,153,753	1,154,550	814,301	811,576	838,512	932,641	746,126	802,085	984,855	1,163,634	1,885,678	1,298,139	1,019,945	678,345
total assets	1,934,983	1,367,353	1,062,263	1,105,646	1,179,246	1,315,248	1,194,779	1,335,390	1,594,992	1,805,490	2,364,830	1,600,200	1,272,861	978,591
Bank overdraft	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
Trade Creditors	270,669	339,116	216,824	131,341	179,732	251,047	174,966	114,230	434,716	643,284	1,432,722	821,024	515,871	314,509
Group/Directors Accounts	3,000	3,000	3,000	3,000	3,000	3,000	61,378	32,474	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	3,505	5,533	0	0	0	39,752	25,185	28,061
other current liabilities	290,904	143,752	98,306	115,124	84,753	92,595	68,064	93,311	0	0	0	0	0	0
total current liabilities	564,573	485,868	318,130	249,465	267,485	346,642	307,913	245,548	434,716	643,284	1,432,722	860,776	541,056	342,570
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	3,445	0	0	0	56,367	37,678	62,862
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	341,105	0	0	0	0	0	0	0	11,918	4,647	31,232	17,729	251,531	232,007
provisions	73,164	41,680	8,352	25,830	33,643	42,082	33,159	71,956	81,950	92,325	53,026	40,271	14,811	15,425
total long term liabilities	414,269	41,680	8,352	25,830	33,643	42,082	33,159	75,401	93,868	96,972	84,258	114,367	304,020	310,294
total liabilities	978,842	527,548	326,482	275,295	301,128	388,724	341,072	320,949	528,584	740,256	1,516,980	975,143	845,076	652,864
net assets	956,141	839,805	735,781	830,351	878,118	926,524	853,707	1,014,441	1,066,408	1,065,234	847,850	625,057	427,785	325,727
total shareholders funds	956,141	839,805	735,781	830,351	878,118	926,524	853,707	1,014,441	1,066,408	1,065,234	847,850	625,057	427,785	325,727

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	130,023	127,478	-94,646	-48,609	-49,673	89,116	-161,145	-53,051	68	279,564	290,681	265,389	140,687	336,214
Depreciation	65,384	39,245	46,108	53,094	61,854	72,406	84,652	103,402	110,674	122,082	62,725	54,909	53,040	39,322
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-27,289	-24,401	0	0	0	-17,081	0	0	-312	-64,933	-70,356	-69,312	-39,689	-94,264
Stock	-12,128	20,443	36,013	-16,687	-23,342	12,497	34,476	-46,756	51,224	-60,830	-57,087	91,137	-15,713	137,183
Debtors	-53,354	83,249	-22,792	50,984	-18,775	96,999	2,585	-124,122	-108,317	-249,144	118,588	204,061	286,240	364,734
Creditors	-68,447	122,292	85,483	-48,391	-71,315	76,081	60,736	-320,486	-208,568	-789,438	611,698	305,153	201,362	314,509
Accruals and Deferred Income	147,152	45,446	-16,818	30,371	-7,842	24,531	-25,247	93,311	0	0	0	0	0	0
Deferred Taxes & Provisions	31,484	33,328	-17,478	-7,813	-8,439	8,923	-38,797	-9,994	-10,375	39,299	12,755	25,460	-614	15,425
Cash flow from operations	343,789	239,696	-10,572	-55,645	-33,298	144,480	-116,862	-15,940	-51,420	-103,452	846,002	286,401	84,259	109,289
Investing Activities
capital expenditure	-633,811	-4,086	0	-6,430	-19,981	-6,360	0	-26,570	-78,955	-284,786	-239,816	-104,054	-5,710	-339,568
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-633,811	-4,086	0	-6,430	-19,981	-6,360	0	-26,570	-78,955	-284,786	-239,816	-104,054	-5,710	-339,568
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	-58,378	28,904	32,474	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	-3,505	-5,473	8,978	0	0	-96,119	33,256	-28,060	90,923
other long term liabilities	341,105	0	0	0	0	0	0	-11,918	7,271	-26,585	13,503	-233,802	19,524	232,007
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	83,335
interest	13,602	947	76	842	1,267	782	411	1,084	1,418	2,753	2,468	1,195	1,060	441
cash flow from financing	354,707	947	76	842	1,267	-61,101	23,842	30,618	8,689	-23,832	-80,148	-199,351	-7,476	406,706
cash and cash equivalents
cash	64,685	236,557	-10,496	-61,233	-52,012	77,019	-93,020	-11,892	-121,686	-412,070	526,038	-17,004	71,073	176,428
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	64,685	236,557	-10,496	-61,233	-52,012	77,019	-93,020	-11,892	-121,686	-412,070	526,038	-17,004	71,073	176,428

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SHERMAYNES ENGINEERING LIMITED group structure

Shermaynes Engineering Limited has 1 subsidiary company.

Ultimate parent company

BROOKFIELD VENTURES LIMITED

06708777

1 parent

SHERMAYNES ENGINEERING LIMITED

03251813

1 subsidiary

SHERMAYNES (WELDERS & ENGINEERS) LIMITED

00648397

SHERMAYNES ENGINEERING LIMITED Shareholders

brookfield ventures ltd

100%

Shermaynes Engineering Limited currently has 3 directors. The longest serving directors include Mr Steven Brookfield (Jan 2007) and Mr Mark Easton (Oct 2007).

officer	country	age	start	end	role
Mr Steven Brookfield	England	61 years	Jan 2007	-	Director
Mr Mark Easton		50 years	Oct 2007	-	Director
Ms Barbara Bamber		69 years	Feb 2008	-	Director

P&L

February 2023

turnover

2.7m

+4%

operating profit

130k

gross margin

29.5%

-0.17%

turnover

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

Balance Sheet

February 2023

net assets

956.1k

+0.14%

total assets

1.9m

+0.42%

cash

372.4k

+0.21%

net assets

Total assets minus all liabilities

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company number

03251813

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

September 1996

age

accounts

Total Exemption Full

ultimate parent company

BROOKFIELD VENTURES LIMITED

previous names

N/A

incorporated

address

southgate industrial centre, shermaynes works, morecambe, lancashire, LA3 3PB

last accounts submitted

February 2023

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 7 charges/mortgages relating to shermaynes engineering limited. Currently there are 5 open charges and 2 have been satisfied in the past.

shermaynes engineering limited Company Information

shermaynes engineering limited Estimated Valuation

shermaynes engineering limited Estimated Valuation

shermaynes engineering limited Estimated Valuation

Shermaynes Engineering Limited Overview

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SHERMAYNES ENGINEERING LIMITED financials

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