Derby Engineering Unit Limited

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derby engineering unit limited Company Information

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MatureSmallHigh

Company Number

03542324

Website

www.derbyengineeringunit.co.uk

Registered Address

unit 22 riverside park, east service road, raynesway, derbyshire, DE21 7RW

Industry

Manufacture of railway locomotives and rolling stock

Telephone

01332660364

Next Accounts Due

January 2025

Group Structure

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Directors

Peter Albon26 Years

Shareholders

peter charles albon 100%

derby engineering unit limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of DERBY ENGINEERING UNIT LIMITED at £1.7m based on Net Assets of £604.3k and 2.76x industry multiple (adjusted for liquidity).

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Derby Engineering Unit Limited is a live company located in raynesway, DE21 7RW with a Companies House number of 03542324. It operates in the manufacture of railway locomotives and rolling stock sector, SIC Code 30200. Founded in April 1998, it's largest shareholder is peter charles albon with a 100% stake. Derby Engineering Unit Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with high growth in recent years.

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Pomanda's financial health check has awarded Derby Engineering Unit Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £3.1m, make it smaller than the average company (£6.5m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (6.9%)

EXPORT

Derby Engineering Unit Limited's latest turnover from April 2023 is estimated at £3.1 million and the company has net assets of £604.3 thousand. According to their latest financial statements, Derby Engineering Unit Limited has 15 employees and maintains cash reserves of £566.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,054,560	2,134,192	1,881,048	1,556,662	2,717,039	3,668,932	2,135,240	3,586,115	6,069,714	5,003,295	9,366,727	7,435,285	6,461,829	2,582,611
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,536,118	1,783,614	1,706,809	1,317,700	2,422,947	2,973,252	1,787,135	2,874,360	4,832,215	3,869,879	7,363,883	6,198,827	5,463,713	2,148,664
Gross Profit	518,442	350,578	174,239	238,962	294,092	695,680	348,105	711,755	1,237,499	1,133,416	2,002,844	1,236,457	998,116	433,947
Admin Expenses	574,837	664,255	308,496	845,364	-626,349	832,499	483,008	588,756	1,515,245	1,163,620	1,410,120	1,124,916	894,632	-536,473
Operating Profit	-56,395	-313,677	-134,257	-606,402	920,441	-136,819	-134,903	122,999	-277,746	-30,204	592,724	111,541	103,484	970,420
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	21,377	3,796	744	776	3,690	2,711	1,844	3,233	2,706	2,011	1,897	2,279	2,231	1,159
Pre-Tax Profit	-35,018	-309,881	-133,513	-605,626	924,131	-134,108	-133,059	126,231	-275,040	-28,193	594,621	113,820	105,715	971,579
Tax	0	0	0	0	-175,585	0	0	-25,246	0	0	-136,763	-27,317	-27,486	-272,042
Profit After Tax	-35,018	-309,881	-133,513	-605,626	748,546	-134,108	-133,059	100,985	-275,040	-28,193	457,858	86,503	78,229	699,537
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-35,018	-309,881	-133,513	-605,626	748,546	-134,108	-133,059	100,985	-275,040	-28,193	457,858	86,503	78,229	699,537
Employee Costs	724,417	715,918	614,699	546,867	838,649	588,400	602,134	874,367	1,233,479	931,563	2,108,500	2,072,336	1,873,055	532,779
Number Of Employees	15	15	15	15	17	17	17	22	33	33	70	59	57	16
EBITDA*	-41,813	-313,640	-121,220	-598,576	920,532	-136,672	-115,299	148,480	-268,527	-17,933	605,598	122,247	108,959	978,588

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	39,172	43,654	52,018	32,663	29,786	39,152	51,601	78,528	221,798	196,074	208,345	203,072	34,505	27,728
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	102,782	102,782
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	11,170	11,170	11,170	11,170	11,170	75,000
Total Fixed Assets	39,172	43,654	52,018	32,663	29,786	39,152	51,601	78,528	232,968	207,244	219,515	214,242	148,457	205,510
Stock & work in progress	488,150	270,798	228,719	65,197	69,731	77,125	88,000	82,000	76,327	93,603	118,315	34,915	52,000	82,000
Trade Debtors	392,720	378,768	330,382	368,639	870,063	1,136,092	561,471	650,771	609,911	947,453	1,543,577	1,103,106	619,126	242,650
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	68,931	53,336	234,523	33,274	519,844	10,138	5,950	4,227	0	0	0	3,362	6,338	6,338
Cash	566,325	439,670	572,523	915,992	635,870	348,022	736,213	738,792	554,234	528,241	276,121	482,699	428,715	463,503
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,516,126	1,142,572	1,366,147	1,383,102	2,095,508	1,571,377	1,391,634	1,475,790	1,240,472	1,569,297	1,938,013	1,624,082	1,106,179	794,491
total assets	1,555,298	1,186,226	1,418,165	1,415,765	2,125,294	1,610,529	1,443,235	1,554,318	1,473,440	1,776,541	2,157,528	1,838,324	1,254,636	1,000,001
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	840,063	316,072	382,035	171,588	175,692	483,838	211,264	152,379	358,042	386,831	737,007	874,651	385,987	210,527
Group/Directors Accounts	12,836	18,643	0	0	0	8,381	5,992	7,102	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	0	0	0	0	0	0	0	0
other current liabilities	92,431	203,870	76,735	154,946	255,721	171,006	142,166	173,066	0	0	0	0	0	0
total current liabilities	945,330	538,585	458,770	326,534	431,413	663,225	359,422	332,547	358,042	386,831	737,007	874,651	385,987	210,527
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	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	5,639	8,294	9,883	6,206	4,946	6,915	9,316	14,215	8,827	7,815	10,433	11,443	2,922	1,976
total long term liabilities	5,639	8,294	9,883	6,206	4,946	6,915	9,316	14,215	8,827	7,815	10,433	11,443	2,922	1,976
total liabilities	950,969	546,879	468,653	332,740	436,359	670,140	368,738	346,762	366,869	394,646	747,440	886,094	388,909	212,503
net assets	604,329	639,347	949,512	1,083,025	1,688,935	940,389	1,074,497	1,207,556	1,106,571	1,381,895	1,410,088	952,230	865,727	787,498
total shareholders funds	604,329	639,347	949,512	1,083,025	1,688,935	940,389	1,074,497	1,207,556	1,106,571	1,381,895	1,410,088	952,230	865,727	787,498

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-56,395	-313,677	-134,257	-606,402	920,441	-136,819	-134,903	122,999	-277,746	-30,204	592,724	111,541	103,484	970,420
Depreciation	14,582	37	13,037	7,826	91	147	19,604	25,481	9,219	12,271	12,874	10,706	5,475	8,168
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-175,585	0	0	-25,246	0	0	-136,763	-27,317	-27,486	-272,042
Stock	217,352	42,079	163,522	-4,534	-7,394	-10,875	6,000	5,673	-17,276	-24,712	83,400	-17,085	-30,000	82,000
Debtors	29,547	-132,801	162,992	-987,994	243,677	578,809	-87,577	33,917	-337,542	-596,124	437,109	481,004	312,646	323,988
Creditors	523,991	-65,963	210,447	-4,104	-308,146	272,574	58,885	-205,663	-28,789	-350,176	-137,644	488,664	175,460	210,527
Accruals and Deferred Income	-111,439	127,135	-78,211	-100,775	84,715	28,840	-30,900	173,066	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,655	-1,589	3,677	1,260	-1,969	-2,401	-4,899	5,388	1,012	-2,618	-1,010	8,521	946	1,976
Cash flow from operations	121,185	-163,335	-311,821	290,333	283,264	-405,593	-10,636	56,435	58,514	250,109	-190,328	128,196	-24,767	513,061
Investing Activities
capital expenditure	-10,100	8,327	-32,392	-10,703	9,275	12,302	7,323	117,789	-34,943	0	-18,147	-179,273	-12,252	-35,896
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-102,782	0	102,782
cash flow from investments	-10,100	8,327	-32,392	-10,703	9,275	12,302	7,323	117,789	-34,943	0	-18,147	-76,491	-12,252	-138,678
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-5,807	18,643	0	0	-8,381	2,389	-1,110	7,102	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	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-284	0	-284	0	0	0	0	-284	0	0	0	0	87,961
interest	21,377	3,796	744	776	3,690	2,711	1,844	3,233	2,706	2,011	1,897	2,279	2,231	1,159
cash flow from financing	15,570	22,155	744	492	-4,691	5,100	734	10,335	2,422	2,011	1,897	2,279	2,231	89,120
cash and cash equivalents
cash	126,655	-132,853	-343,469	280,122	287,848	-388,191	-2,579	184,558	25,993	252,120	-206,578	53,984	-34,788	463,503
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	126,655	-132,853	-343,469	280,122	287,848	-388,191	-2,579	184,558	25,993	252,120	-206,578	53,984	-34,788	463,503

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DERBY ENGINEERING UNIT LIMITED group structure

Derby Engineering Unit Limited has no subsidiary companies.

Ultimate parent company

DERBY ENGINEERING UNIT LIMITED

03542324

DERBY ENGINEERING UNIT LIMITED Shareholders

peter charles albon

100%

Derby Engineering Unit Limited currently has 1 director, Mr Peter Albon serving since Apr 1998.

officer	country	age	start	end	role
Mr Peter Albon		60 years	Apr 1998	-	Director

P&L

April 2023

turnover

3.1m

+43%

operating profit

-56.4k

gross margin

17%

+3.32%

turnover

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

Balance Sheet

April 2023

net assets

604.3k

-0.05%

total assets

1.6m

+0.31%

cash

566.3k

+0.29%

net assets

Total assets minus all liabilities

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company number

03542324

Type

Private limited with Share Capital

industry

30200 - Manufacture of railway locomotives and rolling stock

incorporation date

April 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

solarsonic limited (May 1998)

incorporated

address

unit 22 riverside park, east service road, raynesway, derbyshire, DE21 7RW

last accounts submitted

April 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 did not find charges/mortgages relating to derby engineering unit limited.

derby engineering unit limited Company Information

derby engineering unit limited Estimated Valuation

derby engineering unit limited Estimated Valuation

derby engineering unit limited Estimated Valuation

Derby Engineering Unit Limited Overview

Derby Engineering Unit Limited Health Check

DERBY ENGINEERING UNIT LIMITED financials

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derby engineering unit limited directors

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