ikm testing uk limited
ikm testing uk limited Company Information
Company Number
03467183
Next Accounts
Sep 2025
Shareholders
ikm testing as
Group Structure
View All
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
42 colbourne crescent, nelson park ind est, cramlington, northumberland, NE23 1WB
Website
www.ikm.comikm testing uk limited Estimated Valuation
Pomanda estimates the enterprise value of IKM TESTING UK LIMITED at £17.5m based on a Turnover of £26.2m and 0.67x industry multiple (adjusted for size and gross margin).
ikm testing uk limited Estimated Valuation
Pomanda estimates the enterprise value of IKM TESTING UK LIMITED at £16.6m based on an EBITDA of £2.9m and a 5.68x industry multiple (adjusted for size and gross margin).
ikm testing uk limited Estimated Valuation
Pomanda estimates the enterprise value of IKM TESTING UK LIMITED at £36.7m based on Net Assets of £15.6m and 2.36x industry multiple (adjusted for liquidity).
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Ikm Testing Uk Limited Overview
Ikm Testing Uk Limited is a live company located in cramlington, NE23 1WB with a Companies House number of 03467183. It operates in the other engineering activities sector, SIC Code 71129. Founded in November 1997, it's largest shareholder is ikm testing as with a 100% stake. Ikm Testing Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.2m with healthy growth in recent years.
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Ikm Testing Uk Limited Health Check
Pomanda's financial health check has awarded Ikm Testing Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £26.2m, make it larger than the average company (£5.2m)
£26.2m - Ikm Testing Uk Limited
£5.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8.2%)
10% - Ikm Testing Uk Limited
8.2% - Industry AVG
Production
with a gross margin of 30%, this company has a comparable cost of product (32.9%)
30% - Ikm Testing Uk Limited
32.9% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (5.8%)
7.4% - Ikm Testing Uk Limited
5.8% - Industry AVG
Employees
with 171 employees, this is above the industry average (35)
171 - Ikm Testing Uk Limited
35 - Industry AVG
Pay Structure
on an average salary of £73.4k, the company has a higher pay structure (£58.1k)
£73.4k - Ikm Testing Uk Limited
£58.1k - Industry AVG
Efficiency
resulting in sales per employee of £153.2k, this is equally as efficient (£136.4k)
£153.2k - Ikm Testing Uk Limited
£136.4k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is near the average (66 days)
62 days - Ikm Testing Uk Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (28 days)
17 days - Ikm Testing Uk Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (34 days)
18 days - Ikm Testing Uk Limited
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (18 weeks)
54 weeks - Ikm Testing Uk Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.8%, this is a lower level of debt than the average (57.3%)
20.8% - Ikm Testing Uk Limited
57.3% - Industry AVG
IKM TESTING UK LIMITED financials
Ikm Testing Uk Limited's latest turnover from December 2023 is £26.2 million and the company has net assets of £15.6 million. According to their latest financial statements, Ikm Testing Uk Limited has 171 employees and maintains cash reserves of £3.7 million 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 | 26,189,141 | 30,418,241 | 23,689,385 | 19,432,000 | 24,467,053 | 22,029,467 | 17,722,887 | 15,297,587 | 15,890,735 | 20,318,751 | 27,577,025 | 22,391,482 | 13,401,454 | 13,832,808 | 13,033,235 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 18,321,920 | 21,925,737 | 16,682,243 | 13,757,147 | 17,791,258 | 15,017,753 | 13,178,582 | 10,687,536 | 12,159,361 | 14,079,734 | 19,940,647 | 14,997,226 | 9,572,059 | 8,831,254 | 8,854,150 |
| Gross Profit | 7,867,221 | 8,492,504 | 7,007,142 | 5,674,853 | 6,675,795 | 7,011,714 | 4,544,305 | 4,610,051 | 3,731,374 | 6,239,017 | 7,636,378 | 7,394,256 | 3,829,395 | 5,001,554 | 4,179,085 |
| Admin Expenses | 5,926,206 | 5,167,376 | 4,905,946 | 4,538,812 | 5,186,547 | 4,969,722 | 4,475,431 | 3,849,267 | 4,731,434 | 5,055,030 | 6,242,275 | 5,604,109 | 4,047,409 | 2,867,395 | 2,403,335 |
| Operating Profit | 1,941,015 | 3,325,128 | 2,101,196 | 1,136,041 | 1,489,248 | 2,041,992 | 68,874 | 760,784 | -1,000,060 | 1,183,987 | 1,394,103 | 1,790,147 | -218,014 | 2,134,159 | 1,775,750 |
| Interest Payable | 108,334 | 152,056 | 163,665 | 114,305 | 87,312 | 87,297 | 146,092 | 258,114 | 347,770 | 283,540 | 155,133 | 70,073 | 41,176 | 26,640 | 31,226 |
| Interest Receivable | 238,718 | 49,363 | 1,877 | 7,921 | 16,636 | 9,014 | 3,425 | 3,214 | 6,673 | 3,821 | 161,635 | 36,039 | 31,723 | 154,270 | |
| Pre-Tax Profit | 2,071,399 | 3,222,435 | 1,939,408 | 1,029,657 | 1,418,572 | 1,963,709 | 546,207 | 505,884 | -1,341,157 | 991,964 | 1,261,902 | 1,762,202 | -214,834 | 2,153,254 | 1,898,992 |
| Tax | -495,658 | -607,991 | -419,271 | -164,082 | -218,612 | -479,113 | -72,670 | 143,386 | 60,525 | -244,542 | -298,345 | -456,097 | 47,801 | -625,732 | -537,648 |
| Profit After Tax | 1,575,741 | 2,614,444 | 1,520,137 | 865,575 | 1,199,960 | 1,484,596 | 473,537 | 649,270 | -1,280,632 | 747,422 | 963,557 | 1,306,105 | -167,033 | 1,527,522 | 1,361,344 |
| Dividends Paid | 1,000,000 | ||||||||||||||
| Retained Profit | 1,575,741 | 2,614,444 | 1,520,137 | 865,575 | 1,199,960 | 1,484,596 | 473,537 | 649,270 | -1,280,632 | 747,422 | 963,557 | 1,306,105 | -167,033 | 527,522 | 1,361,344 |
| Employee Costs | 12,553,661 | 11,754,593 | 9,175,165 | 7,425,825 | 8,741,020 | 6,983,838 | 5,661,581 | 5,744,814 | 6,633,272 | 8,204,279 | 11,687,559 | 9,559,851 | 8,176,955 | 6,567,230 | 5,903,096 |
| Number Of Employees | 171 | 174 | 145 | 135 | 153 | 129 | 107 | 119 | 130 | 129 | 147 | 115 | 90 | 72 | 71 |
| EBITDA* | 2,914,110 | 4,406,632 | 3,238,643 | 2,229,961 | 2,361,196 | 3,064,292 | 909,002 | 1,863,330 | 177,719 | 2,209,035 | 2,265,208 | 2,702,772 | 307,710 | 2,487,114 | 2,022,671 |
* 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 | 3,616,293 | 4,067,986 | 4,917,257 | 5,028,411 | 5,582,344 | 3,848,789 | 4,273,337 | 4,656,008 | 5,548,332 | 6,131,054 | 4,219,597 | 2,413,678 | 1,518,613 | 976,255 | 739,144 |
| Intangible Assets | 22,427 | 12,176 | 7,997 | ||||||||||||
| Investments & Other | 153,776 | 153,776 | 153,776 | ||||||||||||
| Debtors (Due After 1 year) | 275,571 | 323,338 | 323,338 | 323,338 | 717,683 | ||||||||||
| Total Fixed Assets | 3,616,293 | 4,067,986 | 4,939,684 | 5,040,587 | 5,590,341 | 4,124,360 | 4,596,675 | 4,979,346 | 5,871,670 | 6,131,054 | 4,219,597 | 2,413,678 | 1,672,389 | 1,847,714 | 892,920 |
| Stock & work in progress | 916,760 | 879,888 | 536,574 | 724,558 | 709,228 | 250,309 | 231,895 | 310,591 | 547,002 | 310,454 | 144,668 | 111,983 | |||
| Trade Debtors | 4,479,858 | 6,245,056 | 5,482,757 | 3,065,487 | 2,879,476 | 4,373,479 | 3,511,746 | 2,529,709 | 3,480,521 | 3,151,992 | 4,835,136 | 6,413,924 | 2,407,470 | 1,003,088 | 2,722,225 |
| Group Debtors | 4,762,276 | 4,287,451 | 840,028 | 2,239,353 | 1,949,151 | 1,002,931 | 502,423 | 679,102 | 111,517 | 751,055 | 376,034 | 1,305,011 | 816,862 | 415,342 | 375,084 |
| Misc Debtors | 2,190,624 | 3,743,286 | 2,848,029 | 1,498,800 | 1,288,913 | 1,808,049 | 702,187 | 657,202 | 294,924 | 383,749 | 588,696 | 746,948 | 308,072 | 214,007 | 110,351 |
| Cash | 3,702,458 | 2,338,776 | 4,021,313 | 2,048,650 | 2,199,427 | 1,892,164 | 1,489,442 | 1,219,562 | 837,435 | 2,208,249 | 1,461,692 | 1,343,349 | 1,748,543 | 1,763,806 | |
| misc current assets | |||||||||||||||
| total current assets | 16,051,976 | 17,494,457 | 13,728,701 | 9,576,848 | 9,026,195 | 9,326,932 | 6,437,693 | 5,396,166 | 5,271,399 | 6,805,499 | 5,944,534 | 9,927,575 | 4,875,753 | 3,492,963 | 4,971,466 |
| total assets | 19,668,269 | 21,562,443 | 18,668,385 | 14,617,435 | 14,616,536 | 13,451,292 | 11,034,368 | 10,375,512 | 11,143,069 | 12,936,553 | 10,164,131 | 12,341,253 | 6,548,142 | 5,340,677 | 5,864,386 |
| Bank overdraft | 214,552 | ||||||||||||||
| Bank loan | 125,000 | 250,000 | 250,000 | 250,000 | 1,011,472 | 1,042,448 | 537,434 | 1,000,000 | |||||||
| Trade Creditors | 877,993 | 1,465,608 | 1,597,020 | 727,511 | 1,346,668 | 1,551,737 | 1,097,865 | 434,214 | 410,132 | 451,482 | 378,310 | 2,272,564 | 608,253 | 365,211 | 539,971 |
| Group/Directors Accounts | 802,849 | 924,149 | 1,427,998 | 400,129 | 11,697 | 483,501 | 253,953 | 165,189 | 640,533 | 298,735 | 687,712 | 848,463 | 278,962 | 229,237 | 845,891 |
| other short term finances | 1,086,505 | ||||||||||||||
| hp & lease commitments | 502,808 | 582,624 | 564,824 | 501,546 | 484,335 | 388,073 | 649,680 | 917,177 | 1,039,048 | 618,367 | 387,283 | 180,162 | 156,935 | 107,016 | |
| other current liabilities | 1,338,313 | 3,483,397 | 2,016,143 | 1,463,409 | 1,721,449 | 2,414,114 | 1,296,010 | 1,076,107 | 903,518 | 1,218,035 | 862,855 | 2,418,955 | 729,558 | 487,564 | 912,005 |
| total current liabilities | 3,521,963 | 6,455,778 | 5,605,985 | 3,217,595 | 3,814,149 | 5,087,425 | 3,547,508 | 3,604,159 | 4,035,679 | 3,592,191 | 2,761,796 | 6,927,265 | 1,796,935 | 1,238,947 | 2,404,883 |
| loans | 125,000 | 375,000 | 625,000 | 11,471 | 53,921 | 1,000,000 | |||||||||
| hp & lease commitments | 324,554 | 827,362 | 1,413,925 | 1,447,713 | 1,557,317 | 158,384 | 489,344 | 921,123 | 1,818,498 | 2,760,398 | 1,671,846 | 647,056 | 290,380 | 461,107 | 340,920 |
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 241,213 | 274,505 | 258,121 | 81,910 | 115,428 | 25,801 | 52,430 | 3,681 | 80,142 | 52,132 | 12,763 | 18,245 | |||
| total long term liabilities | 565,767 | 1,101,867 | 1,672,046 | 1,529,623 | 1,797,745 | 559,185 | 1,166,774 | 924,804 | 1,910,111 | 2,866,451 | 1,671,846 | 647,056 | 1,290,380 | 473,870 | 359,165 |
| total liabilities | 4,087,730 | 7,557,645 | 7,278,031 | 4,747,218 | 5,611,894 | 5,646,610 | 4,714,282 | 4,528,963 | 5,945,790 | 6,458,642 | 4,433,642 | 7,574,321 | 3,087,315 | 1,712,817 | 2,764,048 |
| net assets | 15,580,539 | 14,004,798 | 11,390,354 | 9,870,217 | 9,004,642 | 7,804,682 | 6,320,086 | 5,846,549 | 5,197,279 | 6,477,911 | 5,730,489 | 4,766,932 | 3,460,827 | 3,627,860 | 3,100,338 |
| total shareholders funds | 15,580,539 | 14,004,798 | 11,390,354 | 9,870,217 | 9,004,642 | 7,804,682 | 6,320,086 | 5,846,549 | 5,197,279 | 6,477,911 | 5,730,489 | 4,766,932 | 3,460,827 | 3,627,860 | 3,100,338 |
| 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 | 1,941,015 | 3,325,128 | 2,101,196 | 1,136,041 | 1,489,248 | 2,041,992 | 68,874 | 760,784 | -1,000,060 | 1,183,987 | 1,394,103 | 1,790,147 | -218,014 | 2,134,159 | 1,775,750 |
| Depreciation | 973,095 | 1,081,504 | 1,137,447 | 1,093,920 | 871,948 | 1,022,300 | 840,128 | 1,102,546 | 1,177,779 | 1,025,048 | 871,105 | 912,625 | 525,724 | 352,955 | 246,921 |
| Amortisation | |||||||||||||||
| Tax | -495,658 | -607,991 | -419,271 | -164,082 | -218,612 | -479,113 | -72,670 | 143,386 | 60,525 | -244,542 | -298,345 | -456,097 | 47,801 | -625,732 | -537,648 |
| Stock | 36,872 | 343,314 | -187,984 | 15,330 | 458,919 | 18,414 | -78,696 | -236,411 | 236,548 | 165,786 | 144,668 | -111,983 | 111,983 | ||
| Debtors | -2,843,035 | 5,104,979 | 2,367,174 | 686,100 | -1,342,490 | 2,420,336 | 850,343 | -20,949 | -76,496 | -1,513,070 | -2,666,017 | 4,933,479 | 1,182,284 | -857,540 | 3,207,660 |
| Creditors | -587,615 | -131,412 | 869,509 | -619,157 | -205,069 | 453,872 | 663,651 | 24,082 | -41,350 | 73,172 | -1,894,254 | 1,664,311 | 243,042 | -174,760 | 539,971 |
| Accruals and Deferred Income | -2,145,084 | 1,467,254 | 552,734 | -258,040 | -692,665 | 1,118,104 | 219,903 | 172,589 | -314,517 | 355,180 | -1,556,100 | 1,689,397 | 241,994 | -424,441 | 912,005 |
| Deferred Taxes & Provisions | -33,292 | 16,384 | 176,211 | -33,518 | 89,627 | -26,629 | 48,749 | -76,461 | 28,010 | 52,132 | -12,763 | -5,482 | 18,245 | ||
| Cash flow from operations | 2,458,624 | -297,426 | 2,238,636 | 453,734 | 2,218,048 | 1,691,776 | 996,988 | 2,384,286 | -249,665 | 3,792,261 | 1,037,858 | 666,904 | -242,517 | 2,002,256 | -252,416 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -153,776 | 153,776 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -125,000 | -125,000 | -761,472 | -30,976 | 505,014 | 537,434 | -1,000,000 | 1,000,000 | |||||||
| Group/Directors Accounts | -121,300 | -503,849 | 1,027,869 | 388,432 | -471,804 | 229,548 | 88,764 | -475,344 | 341,798 | -388,977 | -160,751 | 569,501 | 49,725 | -616,654 | 845,891 |
| Other Short Term Loans | -1,086,505 | 1,086,505 | |||||||||||||
| Long term loans | -125,000 | -250,000 | -250,000 | 625,000 | -11,471 | -42,450 | 53,921 | -1,000,000 | 1,000,000 | ||||||
| Hire Purchase and Lease Commitments | -582,624 | -568,763 | 29,490 | -92,393 | 1,495,195 | -592,567 | -699,276 | -1,019,246 | 97,148 | 470,185 | 1,255,874 | 563,797 | -147,500 | 170,106 | 447,936 |
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 130,384 | -102,693 | -161,788 | -106,384 | -70,676 | -78,283 | -142,667 | -254,900 | -341,097 | -279,719 | 6,502 | -70,073 | -5,137 | 5,083 | 123,044 |
| cash flow from financing | -573,540 | -1,175,305 | 770,571 | -60,345 | 702,715 | -691,302 | -889,651 | -1,791,937 | -526,092 | 1,479,349 | 101,625 | 1,063,225 | 897,088 | -441,465 | 3,155,865 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,363,682 | -1,682,537 | 1,972,663 | -150,777 | 307,263 | 402,722 | 269,880 | 382,127 | -1,370,814 | 2,208,249 | -1,461,692 | 118,343 | -405,194 | -15,263 | 1,763,806 |
| overdraft | -214,552 | 214,552 | |||||||||||||
| change in cash | 1,363,682 | -1,682,537 | 1,972,663 | -150,777 | 307,263 | 402,722 | 269,880 | 382,127 | -1,370,814 | 2,422,801 | -1,676,244 | 118,343 | -405,194 | -15,263 | 1,763,806 |
ikm testing uk limited Credit Report and Business Information
Ikm Testing Uk Limited Competitor Analysis
Perform a competitor analysis for ikm testing uk limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in NE23 area or any other competitors across 12 key performance metrics.
ikm testing uk limited Ownership
IKM TESTING UK LIMITED group structure
Ikm Testing Uk Limited has no subsidiary companies.
Ultimate parent company
IKM GRUPPEN AS
#0062820
IKM TESTING AS
#0031167
2 parents
IKM TESTING UK LIMITED
03467183
ikm testing uk limited directors
Ikm Testing Uk Limited currently has 2 directors. The longest serving directors include Mr Anthony Perkin (Apr 2008) and Mr Stale Kyllingstad (Aug 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Perkin | England | 67 years | Apr 2008 | - | Director |
| Mr Stale Kyllingstad | Norway | 64 years | Aug 2018 | - | Director |
P&L
December 2023turnover
26.2m
-14%
operating profit
1.9m
-42%
gross margin
30.1%
+7.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
15.6m
+0.11%
total assets
19.7m
-0.09%
cash
3.7m
+0.58%
net assets
Total assets minus all liabilities
ikm testing uk limited company details
company number
03467183
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
November 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ikm kentons pipeline testing services limited (June 1999)
directflex limited (February 1998)
accountant
-
auditor
ENDERSON ANDERSON & BROWN AUDIT LLP
address
42 colbourne crescent, nelson park ind est, cramlington, northumberland, NE23 1WB
Bank
-
Legal Advisor
-
ikm testing uk 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 2 charges/mortgages relating to ikm testing uk limited. Currently there are 1 open charges and 1 have been satisfied in the past.
ikm testing uk limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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ikm testing uk limited Companies House Filings - See Documents
| date | description | view/download |
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