old park engineering services limitedEstimated Valuation
£5.6m
Pomanda estimates the enterprise value of OLD PARK ENGINEERING SERVICES LIMITED at £5.6m based on a Turnover of £11.9m and 0.47x industry multiple (adjusted for size and gross margin).
old park engineering services limitedEstimated Valuation
£306k
Pomanda estimates the enterprise value of OLD PARK ENGINEERING SERVICES LIMITED at £306k based on an EBITDA of £67.9k and a 4.51x industry multiple (adjusted for size and gross margin).
old park engineering services limitedEstimated Valuation
£455.8k
Pomanda estimates the enterprise value of OLD PARK ENGINEERING SERVICES LIMITED at £455.8k based on Net Assets of £234.5k and 1.94x industry multiple (adjusted for liquidity).
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Old Park Engineering Services LimitedOverview
Old Park Engineering Services Limited is a live company located in west midlands, B64 7AN with a Companies House number of 03636597. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 1998, it's largest shareholder is
graham john cornforth
with a 34% stake. Old Park Engineering Services Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£11.9m with
healthy
growth in recent years.
Old Park Engineering Services Limited Health Check
Pomanda's financial health check has awarded Old Park Engineering Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £11.9m, make it larger than the average company (£8.5m)
£11.9m - Old Park Engineering Services Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.4%)
6% - Old Park Engineering Services Limited
9.4% - Industry AVG
Production
with a gross margin of 24.7%, this company has a comparable cost of product (24.7%)
24.7% - Old Park Engineering Services Limited
24.7% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (6%)
0.2% - Old Park Engineering Services Limited
6% - Industry AVG
Employees
with 12 employees, this is below the industry average (36)
12 - Old Park Engineering Services Limited
36 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
£50.1k - Old Park Engineering Services Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £995.8k, this is more efficient (£202.4k)
£995.8k - Old Park Engineering Services Limited
£202.4k - Industry AVG
Debtor Days
it gets paid by customers after 126 days, this is later than average (56 days)
126 days - Old Park Engineering Services Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (37 days)
19 days - Old Park Engineering Services Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (16 days)
0 days - Old Park Engineering Services Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 6 weeks, this is less cash available to meet short term requirements (20 weeks)
6 weeks - Old Park Engineering Services Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.4%, this is a higher level of debt than the average (61.1%)
95.4% - Old Park Engineering Services Limited
61.1% - Industry AVG
OLD PARK ENGINEERING SERVICES LIMITED financials
EXPORT
Old Park Engineering Services Limited's latest turnover from December 2023 is estimated at £11.9 million and the company has net assets of £234.5 thousand. According to their latest financial statements, Old Park Engineering Services Limited has 12 employees and maintains cash reserves of £591.6 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
11,949,465
11,308,313
10,374,507
10,148,322
10,332,771
10,171,789
13,799,238
4,183,785
2,329,668
3,758,289
2,641,111
2,080,943
2,669,836
2,082,169
Other Income Or Grants
Cost Of Sales
9,004,181
8,517,640
7,921,867
7,758,743
7,817,607
7,655,865
10,347,344
3,127,438
1,759,957
2,875,013
1,996,644
1,559,844
1,956,843
1,480,078
Gross Profit
2,945,283
2,790,673
2,452,640
2,389,579
2,515,164
2,515,924
3,451,894
1,056,347
569,711
883,276
644,467
521,099
712,992
602,091
Admin Expenses
2,920,761
2,786,350
2,446,638
2,373,667
2,603,286
2,494,453
3,283,204
1,020,013
563,578
893,234
625,879
502,079
690,807
551,773
-46,475
Operating Profit
24,522
4,323
6,002
15,912
-88,122
21,471
168,690
36,334
6,133
-9,958
18,588
19,020
22,185
50,318
46,475
Interest Payable
12,586
13,654
9,360
5,217
1,083
1,461
1,883
2,378
1,592
709
1,776
2,860
3,336
4,321
2,572
Interest Receivable
15,827
750
130
49
1,027
2,660
1,372
178
207
109
58
57
37
27
25
Pre-Tax Profit
27,764
-8,581
-3,228
10,743
-88,178
22,670
168,180
34,134
4,748
-10,558
16,870
16,217
18,885
46,025
43,928
Tax
-6,941
-2,041
-4,307
-31,954
-6,827
-949
-3,880
-3,892
-4,910
-12,887
-12,300
Profit After Tax
20,823
-8,581
-3,228
8,702
-88,178
18,363
136,226
27,307
3,798
-10,558
12,990
12,325
13,975
33,138
31,628
Dividends Paid
Retained Profit
20,823
-8,581
-3,228
8,702
-88,178
18,363
136,226
27,307
3,798
-10,558
12,990
12,325
13,975
33,138
31,628
Employee Costs
600,720
557,109
527,617
531,018
529,714
435,591
420,094
328,282
562,110
861,852
651,905
537,469
709,177
578,157
Number Of Employees
12
12
12
12
12
10
10
8
14
22
17
14
19
16
EBITDA*
67,877
57,737
28,549
30,797
-71,932
40,633
190,518
58,205
25,913
-1,372
30,420
37,264
38,244
58,926
54,044
* 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
348,604
295,800
326,541
316,126
295,596
310,169
306,596
200,988
199,390
170,717
172,828
182,328
188,075
183,039
176,085
Intangible Assets
Investments & Other
100
100
100
100
100
100
100
4,893
5,622
4,893
4,893
151
151
100
100
Debtors (Due After 1 year)
2,336
Total Fixed Assets
348,704
295,900
326,641
316,226
295,696
310,269
306,696
208,217
205,012
175,610
177,721
182,479
188,226
183,139
176,185
Stock & work in progress
11,706
20,298
30,742
1,980
49,144
9,499
20,652
11,256
26,387
1,267
39,025
17,349
48,247
28,057
Trade Debtors
4,138,483
4,353,985
4,037,042
3,896,744
3,840,143
3,918,620
5,070,114
1,429,015
668,465
624,227
464,126
333,726
464,225
335,557
262,621
Group Debtors
Misc Debtors
50,144
49,107
41,917
4,445
2,127
9,325
11,233
7,958
8,948
Cash
591,616
11,329
31,534
72,750
24,692
249,112
460,216
88,740
53,360
29,276
14,302
9,006
13,641
978
10,016
misc current assets
total current assets
4,791,949
4,434,719
4,141,235
3,975,919
3,916,106
4,186,556
5,541,563
1,546,365
742,029
679,890
479,695
381,757
495,215
384,782
300,694
total assets
5,140,653
4,730,619
4,467,876
4,292,145
4,211,802
4,496,825
5,848,259
1,754,582
947,041
855,500
657,416
564,236
683,441
567,921
476,879
Bank overdraft
9,115
9,115
9,115
Bank loan
37,095
32,529
7,774
5,513
9,115
Trade Creditors
489,937
83,589
258,341
122,212
189,468
113,065
48,150
167,269
77,763
690,269
469,560
371,667
501,266
390,912
331,529
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
4,251,638
4,205,524
3,771,720
3,736,139
3,767,249
4,032,082
5,462,138
1,393,345
702,460
total current liabilities
4,741,575
4,326,208
4,062,590
3,866,125
3,962,230
4,154,262
5,519,403
1,569,729
789,338
690,269
469,560
371,667
501,266
390,912
331,529
loans
78,045
108,605
109,229
150,000
7,774
9,685
15,366
24,330
33,527
6,341
15,483
39,156
48,841
53,804
79,149
hp & lease commitments
3,283
Accruals and Deferred Income
other liabilities
83,540
53,469
42,811
26,151
1,865
5,595
9,325
36,462
38,145
30,725
22,423
27,784
provisions
3,023
28,690
31,018
24,413
25,044
25,796
20,756
1,765
2,722
3,887
4,150
2,350
2,700
total long term liabilities
164,608
190,764
183,058
200,564
32,818
37,346
41,717
33,655
33,527
44,568
56,350
73,768
75,414
83,938
85,132
total liabilities
4,906,183
4,516,972
4,245,648
4,066,689
3,995,048
4,191,608
5,561,120
1,603,384
822,865
734,837
525,910
445,435
576,680
474,850
416,661
net assets
234,470
213,647
222,228
225,456
216,754
305,217
287,139
151,198
124,176
120,663
131,506
118,801
106,761
93,071
60,218
total shareholders funds
234,470
213,647
222,228
225,456
216,754
305,217
287,139
151,198
124,176
120,663
131,506
118,801
106,761
93,071
60,218
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
24,522
4,323
6,002
15,912
-88,122
21,471
168,690
36,334
6,133
-9,958
18,588
19,020
22,185
50,318
46,475
Depreciation
43,355
53,414
22,547
14,885
16,190
19,162
21,828
21,871
19,780
8,586
11,832
18,244
16,059
8,608
7,569
Amortisation
Tax
-6,941
-2,041
-4,307
-31,954
-6,827
-949
-3,880
-3,892
-4,910
-12,887
-12,300
Stock
-8,592
-10,444
28,762
-47,164
39,645
9,499
-20,652
9,396
-15,131
25,120
-37,758
21,676
-30,898
20,190
28,057
Debtors
-214,465
324,133
177,770
58,919
-85,675
-1,153,402
3,642,038
761,896
53,186
160,101
130,400
-130,499
128,668
72,936
262,621
Creditors
406,348
-174,752
136,129
-67,256
76,403
64,915
-119,119
89,506
-612,506
220,709
97,893
-129,599
110,354
59,383
331,529
Accruals and Deferred Income
46,114
433,804
35,581
-31,110
-264,833
-1,430,056
4,068,793
690,885
702,460
Deferred Taxes & Provisions
-25,667
-2,328
6,605
-631
-752
5,040
20,756
-1,765
-957
-1,165
-263
1,800
-350
2,700
Cash flow from operations
710,788
772
332
-81,996
-215,084
-179,872
507,608
60,477
75,098
33,159
30,626
12,333
47,718
11,946
85,295
Investing Activities
capital expenditure
-96,159
-22,673
-32,962
-35,415
-1,617
-22,735
-127,436
-23,469
-48,453
-6,475
-2,332
-12,497
-21,095
-15,562
-183,654
Change in Investments
-4,793
-729
729
4,742
51
100
cash flow from investments
-96,159
-22,673
-32,962
-35,415
-1,617
-22,735
-122,643
-22,740
-49,182
-6,475
-7,074
-12,497
-21,146
-15,562
-183,754
Financing Activities
Bank loans
-37,095
4,566
24,755
2,261
-3,602
9,115
Group/Directors Accounts
Other Short Term Loans
Long term loans
-30,560
-624
-40,771
142,226
-1,911
-5,681
-8,964
-9,197
27,186
-9,142
-23,673
-9,685
-4,963
-25,345
79,149
Hire Purchase and Lease Commitments
-3,283
3,283
other long term liabilities
30,071
10,658
16,660
26,151
-1,865
-3,730
-3,730
9,325
-36,462
-1,683
7,420
8,302
-5,361
27,784
share issue
-285
-285
-285
-285
-285
-285
-285
-285
-285
-285
28,590
interest
3,241
-12,904
-9,230
-5,168
-56
1,199
-511
-2,200
-1,385
-600
-1,718
-2,803
-3,299
-4,294
-2,547
cash flow from financing
-34,343
1,696
-8,586
165,470
-7,719
618
-13,490
-2,357
-10,946
-11,710
-18,256
-4,471
-13,908
-5,423
108,475
cash and cash equivalents
cash
580,287
-20,205
-41,216
48,058
-224,420
-211,104
371,476
35,380
24,084
14,974
5,296
-4,635
12,663
-9,038
10,016
overdraft
-9,115
9,115
change in cash
580,287
-20,205
-41,216
48,058
-224,420
-201,989
371,476
35,380
14,969
14,974
5,296
-4,635
12,663
-9,038
10,016
old park engineering services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for old park engineering services limited. Get real-time insights into old park engineering services limited's credit score, group structure and payment trends.
Old Park Engineering Services Limited Competitor Analysis
Perform a competitor analysis for old park engineering services limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in B64 area or any other competitors across 12 key performance metrics.
old park engineering services limited Ownership
OLD PARK ENGINEERING SERVICES LIMITED group structure
Old Park Engineering Services Limited has 1 subsidiary company.
OLD PARK ENGINEERING SERVICES LIMITED Shareholders
The largest shareholders in Old Park Engineering Services Limited include Graham John Cornforth and Richard Henry Michael Beet.
graham john cornforth
34%
richard henry michael beet
32.67%
carol cornforth
17%
tracey beet
16.33%
old park engineering services limited directors
Old Park Engineering Services Limited currently has 3 directors.
The longest serving directors include
Mr Graham Cornforth (Sep 1998) and
Mr Richard Beet (Nov 2003).
old park engineering services limited company details
company number
03636597
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
September 1998
age
27
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
36b woods lane, cradley heath, west midlands, B64 7AN
Bank
-
Legal Advisor
-
old park engineering services 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 5 charges/mortgages relating to old park engineering services limited. Currently there are 4 open charges and 1 have been satisfied in the past.
old park engineering services 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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old park engineering services limitedCompanies House Filings - See Documents
