shermaynes engineering limited Company Information
Company Number
03251813
Website
www.shermaynes.co.ukRegistered 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
View All
Shareholders
brookfield ventures ltd 100%
shermaynes engineering limited Estimated Valuation
Pomanda estimates the enterprise value of SHERMAYNES ENGINEERING LIMITED at £1.7m based on a Turnover of £2.7m and 0.62x industry multiple (adjusted for size and gross margin).
shermaynes engineering limited Estimated Valuation
Pomanda estimates the enterprise value of SHERMAYNES ENGINEERING LIMITED at £863.9k based on an EBITDA of £195.4k and a 4.42x industry multiple (adjusted for size and gross margin).
shermaynes engineering limited Estimated Valuation
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 Overview
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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Shermaynes Engineering Limited Health Check
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 Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
3 Strong
![positive_score](/assets/images/scoreRate1.png)
4 Regular
![positive_score](/assets/images/scoreRate0.png)
5 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £2.7m, make it smaller than the average company (£12.1m)
- Shermaynes Engineering Limited
£12.1m - Industry AVG
![growth](/assets/images/scoreRate2.png)
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.7%)
- Shermaynes Engineering Limited
3.7% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)
- Shermaynes Engineering Limited
29.5% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of 4.8% make it less profitable than the average company (6.5%)
- Shermaynes Engineering Limited
6.5% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 32 employees, this is below the industry average (77)
32 - Shermaynes Engineering Limited
77 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
- Shermaynes Engineering Limited
£38.2k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £85k, this is less efficient (£145.3k)
- Shermaynes Engineering Limited
£145.3k - Industry AVG
![debtordays](/assets/images/scoreRate0.png)
Debtor Days
it gets paid by customers after 76 days, this is later than average (62 days)
- Shermaynes Engineering Limited
62 days - Industry AVG
![creditordays](/assets/images/scoreRate1.png)
Creditor Days
its suppliers are paid after 51 days, this is close to average (49 days)
- Shermaynes Engineering Limited
49 days - Industry AVG
![stockdays](/assets/images/scoreRate2.png)
Stock Days
it holds stock equivalent to 28 days, this is less than average (72 days)
- Shermaynes Engineering Limited
72 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (12 weeks)
34 weeks - Shermaynes Engineering Limited
12 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate1.png)
Debt Level
it has a ratio of liabilities to total assets of 50.6%, this is a similar level of debt than the average (47.7%)
50.6% - Shermaynes Engineering Limited
47.7% - Industry AVG
SHERMAYNES ENGINEERING LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 32 | 29 | 29 | 33 | 33 | 33 | 38 | 47 | ||||||
EBITDA* |
* 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 | ||||||||||||||
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 | ||||||||||||||
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 | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
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 |
shermaynes engineering limited Credit Report and Business Information
Shermaynes Engineering Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for shermaynes engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LA3 area or any other competitors across 12 key performance metrics.
shermaynes engineering limited Ownership
SHERMAYNES ENGINEERING LIMITED group structure
Shermaynes Engineering Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SHERMAYNES ENGINEERING LIMITED
03251813
1 subsidiary
shermaynes engineering limited directors
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 2023turnover
2.7m
+4%
operating profit
130k
0%
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 2023net assets
956.1k
+0.14%
total assets
1.9m
+0.42%
cash
372.4k
+0.21%
net assets
Total assets minus all liabilities
shermaynes engineering limited company details
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
28
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
southgate industrial centre, shermaynes works, morecambe, lancashire, LA3 3PB
last accounts submitted
February 2023
shermaynes 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 found 7 charges/mortgages relating to shermaynes engineering limited. Currently there are 5 open charges and 2 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
shermaynes engineering limited Companies House Filings - See Documents
date | description | view/download |
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