Solutions Engineering Limited

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solutions engineering limited Company Information

Company Number

03459909

Next Accounts

Sep 2025

Directors

Neil Eldershaw

Carol Eldershaw

Shareholders

mr mark bloor

mrs carol anne eldershaw

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Group Structure

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Industry

Manufacture of basic iron and steel and of ferro-alloys

Registered Address

c/o dpc accountants stone house, 55 stone road business park, stoke on trent, staffordshire, ST4 6SR

Website

http://soleng.co.uk

solutions engineering limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of SOLUTIONS ENGINEERING LIMITED at £2m based on Net Assets of £1.7m and 1.23x industry multiple (adjusted for liquidity).

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Solutions Engineering Limited is a live company located in stoke on trent, ST4 6SR with a Companies House number of 03459909. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in November 1997, it's largest shareholder is mr mark bloor with a 33.3% stake. Solutions Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Solutions Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £4.8m, make it smaller than the average company (£23m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (10.8%)

EXPORT

Solutions Engineering Limited's latest turnover from December 2023 is estimated at £4.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Solutions Engineering Limited has 31 employees and maintains cash reserves of £394.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	4,828,559	3,935,136	3,068,920	3,392,060	3,355,702	3,060,567	2,831,435	2,552,039	3,050,780	2,407,916	3,115,346	2,071,389	2,016,968	1,441,906	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,085,472	3,301,504	2,524,296	2,791,371	2,740,527	2,535,884	2,297,732	2,050,220	2,623,007	2,071,056	2,646,516	1,720,908	1,640,215	1,149,813	0
Gross Profit	743,086	633,631	544,624	600,690	615,175	524,683	533,703	501,819	427,774	336,861	468,830	350,481	376,753	292,093	0
Admin Expenses	714,720	639,023	535,250	475,017	550,128	162,828	494,383	421,487	369,010	172,548	69,508	184,965	245,188	244,056	-458,747
Operating Profit	28,366	-5,392	9,374	125,673	65,047	361,855	39,320	80,332	58,764	164,313	399,322	165,516	131,565	48,037	458,747
Interest Payable	1,870	4,586	4,544	5,357	3,157	0	0	224	1,172	3,010	3,454	1,383	0	0	0
Interest Receivable	21,095	13,264	754	371	3,685	2,718	2,060	1,154	1,723	2,391	1,912	549	449	453	134
Pre-Tax Profit	47,591	3,285	5,584	120,688	65,575	364,573	41,380	81,263	59,315	163,694	397,779	164,682	132,014	48,490	458,881
Tax	-11,898	-624	-1,061	-22,931	-12,459	-69,269	-7,862	-16,252	-11,863	-34,376	-91,489	-39,524	-34,324	-13,577	-128,487
Profit After Tax	35,693	2,661	4,523	97,757	53,116	295,304	33,518	65,010	47,452	129,318	306,290	125,158	97,690	34,913	330,394
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	35,693	2,661	4,523	97,757	53,116	295,304	33,518	65,010	47,452	129,318	306,290	125,158	97,690	34,913	330,394
Employee Costs	1,450,415	1,283,669	1,209,394	1,275,650	1,222,750	1,257,362	1,181,046	1,104,012	1,173,836	277,106	340,513	237,770	230,271	196,034	0
Number Of Employees	31	28	30	32	30	32	32	30	32	8	10	7	7	6	0
EBITDA*	172,698	99,755	113,957	218,555	144,346	475,898	145,533	169,844	156,114	268,727	493,300	250,904	210,674	125,893	525,981

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	537,691	415,145	491,769	440,963	334,453	384,817	329,629	267,229	332,855	325,012	315,058	297,130	283,242	237,132	223,523
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	537,691	415,145	491,769	440,963	334,453	384,817	329,629	267,229	332,855	325,012	315,058	297,130	283,242	237,132	223,523
Stock & work in progress	109,725	111,250	113,833	15,500	41,000	40,000	14,000	24,750	52,550	112,474	23,887	25,087	24,253	23,550	22,505
Trade Debtors	952,008	755,626	792,305	969,853	918,290	818,825	892,698	574,873	608,021	601,036	673,008	534,797	557,987	355,206	397,257
Group Debtors	112,578	273,338	172,934	235,868	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,536	4,019	5,497	5,167	97,516	22,252	11,221	20,109	62,886	0	0	32,900	0	0	0
Cash	394,604	409,001	348,923	254,120	488,458	494,268	230,538	593,525	329,774	359,444	596,961	167,702	51,704	127,878	53,426
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,572,451	1,553,234	1,433,492	1,480,508	1,545,264	1,375,345	1,148,457	1,213,257	1,053,231	1,072,954	1,293,856	760,486	633,944	506,634	473,188
total assets	2,110,142	1,968,379	1,925,261	1,921,471	1,879,717	1,760,162	1,478,086	1,480,486	1,386,086	1,397,966	1,608,914	1,057,616	917,186	743,766	696,711
Bank overdraft	0	33,239	63,318	82,095	93,546	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	0
Trade Creditors	84,368	84,358	103,183	84,301	98,511	67,742	70,027	182,556	133,474	302,561	616,535	396,286	383,642	336,543	317,273
Group/Directors Accounts	0	0	0	0	0	0	19,292	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	7,167	20,400	34,822	24,538	0	0	0
hp & lease commitments	0	0	0	0	2,928	11,308	0	0	0	0	0	0	0	0	0
other current liabilities	272,780	159,591	81,242	76,052	127,610	175,014	184,464	138,583	142,674	0	0	0	0	0	0
total current liabilities	357,148	277,188	247,743	242,448	322,595	254,064	273,783	321,139	283,315	322,961	651,357	420,824	383,642	336,543	317,273
loans	0	0	0	0	0	0	0	0	0	8,500	28,900	18,022	0	0	0
hp & lease commitments	0	0	0	0	0	2,928	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	6,527	7,770	0
other liabilities	0	0	0	0	0	0	0	312	1,555	0	0	0	40,757	18,016	17,286
provisions	94,077	67,967	56,955	62,983	38,839	38,003	34,440	22,690	29,881	39,824	30,051	25,211	23,143	16,010	22,625
total long term liabilities	94,077	67,967	56,955	62,983	38,839	40,931	34,440	23,002	31,436	48,324	58,951	43,233	70,427	41,796	39,911
total liabilities	451,225	345,155	304,698	305,431	361,434	294,995	308,223	344,141	314,751	371,285	710,308	464,057	454,069	378,339	357,184
net assets	1,658,917	1,623,224	1,620,563	1,616,040	1,518,283	1,465,167	1,169,863	1,136,345	1,071,335	1,026,681	898,606	593,559	463,117	365,427	339,527
total shareholders funds	1,658,917	1,623,224	1,620,563	1,616,040	1,518,283	1,465,167	1,169,863	1,136,345	1,071,335	1,026,681	898,606	593,559	463,117	365,427	339,527

	Dec 2023	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	28,366	-5,392	9,374	125,673	65,047	361,855	39,320	80,332	58,764	164,313	399,322	165,516	131,565	48,037	458,747
Depreciation	144,332	105,147	104,583	92,882	79,299	114,043	106,213	89,512	97,350	104,414	93,978	85,388	79,109	77,856	67,234
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,898	-624	-1,061	-22,931	-12,459	-69,269	-7,862	-16,252	-11,863	-34,376	-91,489	-39,524	-34,324	-13,577	-128,487
Stock	-1,525	-2,583	98,333	-25,500	1,000	26,000	-10,750	-27,800	-59,924	88,587	-1,200	834	703	1,045	22,505
Debtors	35,139	62,247	-240,152	195,082	174,729	-62,842	308,937	-75,925	69,871	-71,972	105,311	9,710	202,781	-42,051	397,257
Creditors	10	-18,825	18,882	-14,210	30,769	-2,285	-112,529	49,082	-169,087	-313,974	220,249	12,644	47,099	19,270	317,273
Accruals and Deferred Income	113,189	78,349	5,190	-51,558	-47,404	-9,450	45,881	-4,091	142,674	0	0	-6,527	-1,243	7,770	0
Deferred Taxes & Provisions	26,110	11,012	-6,028	24,144	836	3,563	11,750	-7,191	-9,943	9,773	4,840	2,068	7,133	-6,615	22,625
Cash flow from operations	266,495	110,003	272,759	-15,582	-59,641	435,299	-215,414	295,117	97,948	-86,465	522,789	209,021	25,855	173,747	317,630
Investing Activities
capital expenditure	-266,878	-28,523	-155,389	-199,392	-28,935	-169,231	-168,613	-23,886	-105,193	-114,368	-111,906	-99,276	-125,219	-91,465	-290,757
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-266,878	-28,523	-155,389	-199,392	-28,935	-169,231	-168,613	-23,886	-105,193	-114,368	-111,906	-99,276	-125,219	-91,465	-290,757
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-19,292	19,292	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	-7,167	-13,233	-14,422	10,284	24,538	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-8,500	-20,400	10,878	18,022	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-2,928	-11,308	14,236	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-312	-1,243	1,555	0	0	-40,757	22,741	730	17,286
share issue	0	0	0	0	0	0	0	0	-2,798	-1,243	-1,243	5,284	0	-9,013	9,133
interest	19,225	8,678	-3,790	-4,986	528	2,718	2,060	930	551	-619	-1,542	-834	449	453	134
cash flow from financing	19,225	8,678	-3,790	-7,914	-10,780	-2,338	21,040	-7,480	-22,425	-36,684	18,377	6,253	23,190	-7,830	26,553
cash and cash equivalents
cash	-14,397	60,078	94,803	-234,338	-5,810	263,730	-362,987	263,751	-29,670	-237,517	429,259	115,998	-76,174	74,452	53,426
overdraft	-33,239	-30,079	-18,777	-11,451	93,546	0	0	0	0	0	0	0	0	0	0
change in cash	18,842	90,157	113,580	-222,887	-99,356	263,730	-362,987	263,751	-29,670	-237,517	429,259	115,998	-76,174	74,452	53,426

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLUTIONS ENGINEERING LIMITED group structure

Solutions Engineering Limited has no subsidiary companies.

Ultimate parent company

SOLUTIONS ENGINEERING LIMITED

03459909

SOLUTIONS ENGINEERING LIMITED Shareholders

mr mark bloor	33.33%
mrs carol anne eldershaw	33.33%
mr neil eldershaw	33.33%

Solutions Engineering Limited currently has 2 directors. The longest serving directors include Mr Neil Eldershaw (Nov 1997) and Mrs Carol Eldershaw (Feb 2002).

officer	country	age	start	end	role
Mr Neil Eldershaw		68 years	Nov 1997	-	Director
Mrs Carol Eldershaw		61 years	Feb 2002	-	Director

P&L

December 2023

turnover

4.8m

+23%

operating profit

28.4k

gross margin

15.4%

-4.42%

turnover

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

Balance Sheet

December 2023

net assets

1.7m

+0.02%

total assets

2.1m

+0.07%

cash

394.6k

-0.04%

net assets

Total assets minus all liabilities

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company number

03459909

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

November 1997

ultimate parent company

None

previous names

N/A

address

c/o dpc accountants stone house, 55 stone road business park, stoke on trent, staffordshire, ST4 6SR

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 2 charges/mortgages relating to solutions engineering limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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solutions engineering limited Company Information

solutions engineering limited Estimated Valuation

solutions engineering limited Estimated Valuation

solutions engineering limited Estimated Valuation

Solutions Engineering Limited Overview

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SOLUTIONS ENGINEERING LIMITED financials

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