longitude engineering limited
longitude engineering limited Company Information
Group Structure
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Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
lifford hall lifford lane, kings norton, birmingham west midlands, B30 3JN
Website
www.longitude.com.sglongitude engineering limited Estimated Valuation
Pomanda estimates the enterprise value of LONGITUDE ENGINEERING LIMITED at £1.6m based on a Turnover of £1.8m and 0.89x industry multiple (adjusted for size and gross margin).
longitude engineering limited Estimated Valuation
Pomanda estimates the enterprise value of LONGITUDE ENGINEERING LIMITED at £0 based on an EBITDA of £-123.7k and a 3.73x industry multiple (adjusted for size and gross margin).
longitude engineering limited Estimated Valuation
Pomanda estimates the enterprise value of LONGITUDE ENGINEERING LIMITED at £2.2m based on Net Assets of £1.7m and 1.31x industry multiple (adjusted for liquidity).
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Longitude Engineering Limited Overview
Longitude Engineering Limited is a live company located in birmingham west midlands, B30 3JN with a Companies House number of 03721181. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 1999, it's largest shareholder is papa j haws limited with a 100% stake. Longitude Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with high growth in recent years.
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Longitude Engineering Limited Health Check
Pomanda's financial health check has awarded Longitude Engineering Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£18.1m)
- Longitude Engineering Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.9%)
- Longitude Engineering Limited
6.9% - Industry AVG
Production
with a gross margin of 20.7%, this company has a higher cost of product (35.4%)
- Longitude Engineering Limited
35.4% - Industry AVG
Profitability
an operating margin of -8.5% make it less profitable than the average company (5.1%)
- Longitude Engineering Limited
5.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (103)
- Longitude Engineering Limited
103 - Industry AVG
Pay Structure
on an average salary of £41.5k, the company has an equivalent pay structure (£41.5k)
- Longitude Engineering Limited
£41.5k - Industry AVG
Efficiency
resulting in sales per employee of £354.1k, this is more efficient (£179.7k)
- Longitude Engineering Limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 124 days, this is later than average (46 days)
- Longitude Engineering Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (46 days)
- Longitude Engineering Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Longitude Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1506 weeks, this is more cash available to meet short term requirements (15 weeks)
1506 weeks - Longitude Engineering Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.6%, this is a lower level of debt than the average (68.9%)
0.6% - Longitude Engineering Limited
68.9% - Industry AVG
LONGITUDE ENGINEERING LIMITED financials
Longitude Engineering Limited's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that Longitude Engineering Limited has 5 employees and maintains cash reserves of £222.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 921,026 | 921,026 | 921,026 | 921,026 | 921,026 | 921,026 | 671,026 | 1,171,026 | 1,171,026 | 771,026 | 671,026 | 671,026 | 671,026 | 671,026 | 671,026 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 921,026 | 921,026 | 921,026 | 921,026 | 921,026 | 921,026 | 671,026 | 1,171,026 | 1,171,026 | 771,026 | 671,026 | 671,026 | 671,026 | 671,026 | 671,026 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 584,693 | 484,693 | 184,760 | 146,375 | 198,629 | 166,132 | 228,650 | 213,650 | 298,650 | 504,503 | 404,393 | 18,615 | |||
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 222,595 | 322,595 | 719,125 | 772,269 | 409,161 | 750,644 | 940,376 | 350,962 | 3,047 | 278,861 | 344,406 | 251,337 | 1,466 | 1,576 | 6,693 |
| misc current assets | |||||||||||||||
| total current assets | 807,288 | 807,288 | 903,885 | 918,644 | 607,790 | 750,644 | 940,376 | 350,962 | 169,179 | 507,511 | 558,056 | 549,987 | 505,969 | 405,969 | 25,308 |
| total assets | 1,728,314 | 1,728,314 | 1,824,911 | 1,839,670 | 1,528,816 | 1,671,670 | 1,611,402 | 1,521,988 | 1,340,205 | 1,278,537 | 1,229,082 | 1,221,013 | 1,176,995 | 1,076,995 | 696,334 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 11,138 | 11,138 | 8,790 | 224,023 | 169,488 | 322,229 | 270,241 | 253,208 | 71,341 | 9,837 | 13,990 | 12,850 | 28,832 | 28,832 | 69,053 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 11,138 | 11,138 | 8,790 | 224,023 | 169,488 | 322,229 | 270,241 | 253,208 | 71,341 | 9,837 | 13,990 | 12,850 | 28,832 | 28,832 | 69,053 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 11,138 | 11,138 | 8,790 | 224,023 | 169,488 | 322,229 | 270,241 | 253,208 | 71,341 | 9,837 | 13,990 | 12,850 | 28,832 | 28,832 | 69,053 |
| net assets | 1,717,176 | 1,717,176 | 1,816,121 | 1,615,647 | 1,359,328 | 1,349,441 | 1,341,161 | 1,268,780 | 1,268,864 | 1,268,700 | 1,215,092 | 1,208,163 | 1,148,163 | 1,048,163 | 627,281 |
| total shareholders funds | 1,717,176 | 1,717,176 | 1,816,121 | 1,615,647 | 1,359,328 | 1,349,441 | 1,341,161 | 1,268,780 | 1,268,864 | 1,268,700 | 1,215,092 | 1,208,163 | 1,148,163 | 1,048,163 | 627,281 |
| Dec 2023 | 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 | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 399,933 | 299,933 | 38,385 | -52,254 | 198,629 | -166,132 | -62,518 | 15,000 | -85,000 | -205,853 | 100,110 | 385,778 | 18,615 | ||
| Creditors | 2,348 | 2,348 | -215,233 | 54,535 | -152,741 | 51,988 | 17,033 | 181,867 | 61,504 | -4,153 | 1,140 | -15,982 | -40,221 | 69,053 | |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 250,000 | -500,000 | 400,000 | 100,000 | 671,026 | ||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -496,530 | -396,530 | -53,144 | 363,108 | -341,483 | -189,732 | 589,414 | 347,915 | -275,814 | -65,545 | 93,069 | 249,871 | -110 | -5,117 | 6,693 |
| overdraft | |||||||||||||||
| change in cash | -496,530 | -396,530 | -53,144 | 363,108 | -341,483 | -189,732 | 589,414 | 347,915 | -275,814 | -65,545 | 93,069 | 249,871 | -110 | -5,117 | 6,693 |
longitude engineering limited Credit Report and Business Information
Longitude Engineering Limited Competitor Analysis
Perform a competitor analysis for longitude engineering limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in B30 area or any other competitors across 12 key performance metrics.
longitude engineering limited Ownership
LONGITUDE ENGINEERING LIMITED group structure
Longitude Engineering Limited has 1 subsidiary company.
Ultimate parent company
1 parent
LONGITUDE ENGINEERING LIMITED
03721181
1 subsidiary
longitude engineering limited directors
Longitude Engineering Limited currently has 1 director, Mr Andrew Pennock serving since May 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Pennock | 33 years | May 2024 | - | Director |
P&L
December 2023turnover
1.8m
+231%
operating profit
-123.7k
0%
gross margin
21.4%
+5.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.7m
-0.05%
total assets
1.7m
-0.05%
cash
222.6k
-0.69%
net assets
Total assets minus all liabilities
longitude engineering limited company details
company number
03721181
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 1999
age
26
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
LANGARD LIFFORD HALL LIMITED
auditor
-
address
lifford hall lifford lane, kings norton, birmingham west midlands, B30 3JN
Bank
-
Legal Advisor
-
longitude 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 1 charges/mortgages relating to longitude engineering limited. Currently there are 0 open charges and 1 have been satisfied in the past.
longitude engineering 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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longitude engineering limited Companies House Filings - See Documents
| date | description | view/download |
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