river tees engineering limited
river tees engineering limited Company Information
Company Number
03819288
Next Accounts
Dec 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
marjorie rebecca gibson
Group Structure
View All
Contact
Registered Address
35 augusta terrace, whitburn, sunderland, south tyneside, SR6 7ET
Website
-river tees engineering limited Estimated Valuation
Pomanda estimates the enterprise value of RIVER TEES ENGINEERING LIMITED at £950.1k based on a Turnover of £371.6k and 2.56x industry multiple (adjusted for size and gross margin).
river tees engineering limited Estimated Valuation
Pomanda estimates the enterprise value of RIVER TEES ENGINEERING LIMITED at £0 based on an EBITDA of £-25.4k and a 5.05x industry multiple (adjusted for size and gross margin).
river tees engineering limited Estimated Valuation
Pomanda estimates the enterprise value of RIVER TEES ENGINEERING LIMITED at £147.9k based on Net Assets of £86.5k and 1.71x industry multiple (adjusted for liquidity).
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River Tees Engineering Limited Overview
River Tees Engineering Limited is a live company located in sunderland, SR6 7ET with a Companies House number of 03819288. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 1999, it's largest shareholder is marjorie rebecca gibson with a 100% stake. River Tees Engineering Limited is a mature, micro sized company, Pomanda has estimated its turnover at £371.6k with high growth in recent years.
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River Tees Engineering Limited Health Check
Pomanda's financial health check has awarded River Tees Engineering Limited a 3 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £371.6k, make it smaller than the average company (£917k)
- River Tees Engineering Limited
£917k - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (4.9%)
- River Tees Engineering Limited
4.9% - Industry AVG
Production
with a gross margin of 34.4%, this company has a higher cost of product (75.3%)
- River Tees Engineering Limited
75.3% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (29.8%)
- River Tees Engineering Limited
29.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- River Tees Engineering Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- River Tees Engineering Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £371.6k, this is more efficient (£177.5k)
- River Tees Engineering Limited
£177.5k - Industry AVG
Debtor Days
it gets paid by customers after 90 days, this is later than average (31 days)
- River Tees Engineering Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (38 days)
- River Tees Engineering Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- River Tees Engineering Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - River Tees Engineering Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.3%, this is a lower level of debt than the average (63.6%)
18.3% - River Tees Engineering Limited
63.6% - Industry AVG
RIVER TEES ENGINEERING LIMITED financials
River Tees Engineering Limited's latest turnover from March 2024 is estimated at £371.6 thousand and the company has net assets of £86.5 thousand. According to their latest financial statements, we estimate that River Tees Engineering Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 32,052 | 16,925 | 35,287 | 0 | 42,625 | 43,500 | 50,177 | ||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 22,885 | 13,441 | 22,152 | -12,819 | 25,750 | ||||||||||
| Interest Payable | 0 | 0 | 583 | 0 | 0 | 0 | 0 | ||||||||
| Interest Receivable | 8 | 98 | 0 | 0 | 0 | 0 | 4 | ||||||||
| Pre-Tax Profit | 22,893 | 13,539 | 21,569 | -12,819 | 35,255 | 36,233 | 25,754 | ||||||||
| Tax | -4,579 | -2,708 | -1,750 | 0 | -7,051 | -7,609 | -5,408 | ||||||||
| Profit After Tax | 18,314 | 10,831 | 19,819 | -12,819 | 28,204 | 28,624 | 20,346 | ||||||||
| Dividends Paid | 22,000 | 20,000 | 0 | 0 | 19,032 | 27,188 | 31,272 | ||||||||
| Retained Profit | -3,686 | -9,169 | 19,819 | -12,819 | 9,172 | 1,436 | -10,926 | ||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | |||||||
| EBITDA* | 22,885 | 13,441 | 22,152 | -12,819 | 25,750 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,238 | 13,532 | 13,826 | 14,120 | 14,414 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 13,238 | 13,532 | 13,826 | 14,120 | 14,414 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 92,589 | 117,868 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 268,066 | 304,573 | 379,793 | 25,405 | 33,705 | 37,568 | 27,599 | 29,364 | 17,375 | 2,806 | 15,675 | 7,061 | 5,502 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 92,589 | 117,868 | 268,066 | 304,573 | 379,793 | 25,405 | 33,705 | 37,568 | 27,599 | 29,364 | 17,375 | 2,806 | 15,675 | 7,061 | 5,502 |
| total assets | 105,827 | 131,400 | 281,892 | 318,693 | 394,207 | 25,405 | 33,705 | 37,568 | 27,599 | 29,364 | 17,375 | 2,806 | 15,675 | 7,061 | 5,502 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 19,313 | 19,454 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,578 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 | 0 | 7,000 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 0 | 0 | 28,607 | 39,548 | 37,520 | 24,700 | 30,138 | 33,235 | 25,851 | 3,930 | 2,772 | 1,022 | 8,073 | 8,631 | 5,931 |
| total current liabilities | 19,313 | 19,454 | 28,607 | 39,548 | 37,520 | 24,700 | 30,138 | 33,235 | 25,851 | 23,930 | 2,772 | 8,022 | 8,073 | 8,631 | 8,509 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 19,313 | 19,454 | 28,607 | 39,548 | 37,520 | 24,700 | 30,138 | 33,235 | 25,851 | 23,930 | 2,772 | 8,022 | 8,073 | 8,631 | 8,509 |
| net assets | 86,514 | 111,946 | 253,285 | 279,145 | 356,687 | 705 | 3,567 | 4,333 | 1,748 | 5,434 | 14,603 | -5,216 | 7,602 | -1,570 | -3,007 |
| total shareholders funds | 86,514 | 111,946 | 253,285 | 279,145 | 356,687 | 705 | 3,567 | 4,333 | 1,748 | 5,434 | 14,603 | -5,216 | 7,602 | -1,570 | -3,007 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 22,885 | 13,441 | 22,152 | -12,819 | 25,750 | ||||||||||
| Depreciation | 294 | 294 | 294 | 294 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -4,579 | -2,708 | -1,750 | 0 | -7,051 | -7,609 | -5,408 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -25,279 | 117,868 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -141 | 19,454 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,578 | 2,578 |
| Accruals and Deferred Income | 0 | -28,607 | -10,941 | 2,028 | 12,820 | -5,438 | -3,097 | 7,384 | 21,921 | 1,158 | 1,750 | -7,051 | -558 | 2,700 | 5,931 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 40,227 | 11,891 | 22,152 | -19,870 | 28,851 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| 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 | 0 | 0 | 0 | -20,000 | 20,000 | -7,000 | 7,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 8 | 98 | -583 | 0 | 0 | 0 | 4 | ||||||||
| cash flow from financing | -19,992 | 20,098 | -7,583 | 7,001 | 0 | 1 | 7,923 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | -268,066 | -36,507 | -75,220 | 354,388 | -8,300 | -3,863 | 9,969 | -1,765 | 11,989 | 14,569 | -12,869 | 8,614 | 1,559 | 5,502 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -268,066 | -36,507 | -75,220 | 354,388 | -8,300 | -3,863 | 9,969 | -1,765 | 11,989 | 14,569 | -12,869 | 8,614 | 1,559 | 5,502 |
river tees engineering limited Credit Report and Business Information
River Tees Engineering Limited Competitor Analysis
Perform a competitor analysis for river tees engineering limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in SR6 area or any other competitors across 12 key performance metrics.
river tees engineering limited Ownership
RIVER TEES ENGINEERING LIMITED group structure
River Tees Engineering Limited has no subsidiary companies.
Ultimate parent company
RIVER TEES ENGINEERING LIMITED
03819288
river tees engineering limited directors
River Tees Engineering Limited currently has 2 directors. The longest serving directors include Mrs Marjorie Gibson (Jun 2015) and Mrs Rebecca Armstrong (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Marjorie Gibson | 71 years | Jun 2015 | - | Director | |
| Mrs Rebecca Armstrong | England | 44 years | Jan 2016 | - | Director |
P&L
March 2024turnover
371.6k
+7%
operating profit
-25.4k
0%
gross margin
34.4%
+3.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
86.5k
-0.23%
total assets
105.8k
-0.19%
cash
0
0%
net assets
Total assets minus all liabilities
river tees engineering limited company details
company number
03819288
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 1999
age
26
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
twin rivers united enterprises limited (March 2018)
accountant
-
auditor
-
address
35 augusta terrace, whitburn, sunderland, south tyneside, SR6 7ET
Bank
-
Legal Advisor
-
river tees 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 did not find charges/mortgages relating to river tees engineering limited.
river tees 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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river tees engineering limited Companies House Filings - See Documents
| date | description | view/download |
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