Portobello Engineering Limited

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portobello engineering limited Company Information

Live

MatureSmallDeclining

Company Number

03903581

Website

www.portobelloltd.co.uk

Registered Address

high peak works off derby road, cromford, matlock, derbyshire, DE4 5HN

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01629824635

Next Accounts Due

December 2024

Group Structure

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Directors

Guy Debes24 Years

Hal Debes24 Years

Shareholders

mr hal debes 68.9%

mr guy debes 31.1%

portobello engineering limited Estimated Valuation

£647.6k

Pomanda estimates the enterprise value of PORTOBELLO ENGINEERING LIMITED at £647.6k based on a Turnover of £1.2m and 0.52x industry multiple (adjusted for size and gross margin).

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Portobello Engineering Limited is a live company located in matlock, DE4 5HN with a Companies House number of 03903581. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in January 2000, it's largest shareholder is mr hal debes with a 68.9% stake. Portobello Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Portobello Engineering Limited a 2 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 Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£12.4m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.1%)

EXPORT

Portobello Engineering Limited's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £13.2 thousand. According to their latest financial statements, Portobello Engineering Limited has 10 employees and maintains cash reserves of £40 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,234,803	1,244,774	1,501,404	1,878,156	1,863,566	1,698,732	1,466,633	1,194,801	1,676,452	1,432,021	2,003,772	1,490,381	816,963	965,499
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	875,856	881,547	1,066,519	1,323,140	1,312,307	1,176,223	1,010,437	821,645	1,152,393	998,445	1,398,128	1,037,866	564,634	666,524
Gross Profit	358,947	363,227	434,885	555,017	551,259	522,509	456,196	373,156	524,059	433,576	605,644	452,514	252,328	298,975
Admin Expenses	345,743	232,597	696,696	596,996	546,189	393,690	467,978	449,326	527,824	429,172	620,155	318,683	227,098	359,925
Operating Profit	13,204	130,630	-261,811	-41,979	5,070	128,819	-11,782	-76,170	-3,765	4,404	-14,511	133,831	25,230	-60,950
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,838	510	37	33	285	110	9	18	9	0	0	0	2	2
Pre-Tax Profit	16,042	131,140	-261,774	-41,946	5,356	128,930	-11,773	-76,152	-3,756	4,404	-14,511	133,831	25,232	-60,948
Tax	-3,048	-24,917	0	0	-1,018	-24,497	0	0	0	-1,013	0	-34,796	-7,065	0
Profit After Tax	12,994	106,223	-261,774	-41,946	4,338	104,433	-11,773	-76,152	-3,756	3,391	-14,511	99,035	18,167	-60,948
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,994	106,223	-261,774	-41,946	4,338	104,433	-11,773	-76,152	-3,756	3,391	-14,511	99,035	18,167	-60,948
Employee Costs	379,114	469,400	528,231	532,123	443,499	366,409	295,635	291,588	444,620	410,092	527,066	397,471	236,533	291,305
Number Of Employees	10	13	15	15	13	11	9	9	14	13	17	13	8	10
EBITDA*	62,495	180,755	-222,551	-16,907	31,510	156,140	15,085	-47,793	19,091	26,466	4,551	153,114	30,210	-40,401

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	249,455	221,399	180,861	117,867	133,957	136,527	137,933	148,613	143,975	126,588	135,329	103,886	118,100	128,865
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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	249,455	221,399	180,861	117,867	133,957	136,527	137,933	148,613	143,975	126,588	135,329	103,886	118,100	128,865
Stock & work in progress	115,000	80,000	30,000	114,000	114,000	114,500	109,368	112,000	107,500	68,250	120,000	110,000	114,000	43,000
Trade Debtors	167,627	177,018	266,365	385,703	433,885	408,334	309,401	173,363	360,822	345,228	430,015	345,899	141,365	200,993
Group Debtors	0	0	0	0	0	0	71,967	145,860	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	40,045	93,519	42,433	31,405	35,211	40,810	3,384	3,584	3,572	0	0	0	0	662
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	322,672	350,537	338,798	531,108	583,096	563,644	494,120	434,807	471,894	413,478	550,015	455,899	255,365	244,655
total assets	572,127	571,936	519,659	648,975	717,053	700,171	632,053	583,420	615,869	540,066	685,344	559,785	373,465	373,520
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	402,116	426,858	446,292	461,960	491,781	472,076	510,834	449,220	402,678	322,383	483,517	334,864	235,126	236,686
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	402,116	426,858	446,292	461,960	491,781	472,076	510,834	449,220	402,678	322,383	483,517	334,864	235,126	236,686
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	109,391	125,178	156,966	8,840	6,844	12,250	8,897	9,203	14,167	19,841	7,408	18,519	29,630	46,875
provisions	47,397	19,671	22,395	22,395	20,702	22,457	23,367	24,269	22,144	17,206	17,174	14,646	15,988	15,405
total long term liabilities	156,788	144,849	179,361	31,235	27,546	34,707	32,264	33,472	36,311	37,047	24,582	33,165	45,618	62,280
total liabilities	558,904	571,707	625,653	493,195	519,327	506,783	543,098	482,692	438,989	359,430	508,099	368,029	280,744	298,966
net assets	13,223	229	-105,994	155,780	197,726	193,388	88,955	100,728	176,880	180,636	177,245	191,756	92,721	74,554
total shareholders funds	13,223	229	-105,994	155,780	197,726	193,388	88,955	100,728	176,880	180,636	177,245	191,756	92,721	74,554

	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	13,204	130,630	-261,811	-41,979	5,070	128,819	-11,782	-76,170	-3,765	4,404	-14,511	133,831	25,230	-60,950
Depreciation	49,291	50,125	39,260	25,072	26,440	27,321	26,867	28,377	22,856	22,062	19,062	19,283	4,980	20,549
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,048	-24,917	0	0	-1,018	-24,497	0	0	0	-1,013	0	-34,796	-7,065	0
Stock	35,000	50,000	-84,000	0	-500	5,132	-2,632	4,500	39,250	-51,750	10,000	-4,000	71,000	43,000
Debtors	-9,391	-89,347	-119,338	-48,182	25,551	26,966	62,145	-41,599	15,594	-84,787	84,116	204,534	-59,628	200,993
Creditors	-24,742	-19,434	-15,668	-29,821	19,705	-38,758	61,614	46,542	80,295	-161,134	148,653	99,738	-1,560	236,686
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	27,726	-2,724	0	1,693	-1,755	-910	-902	2,125	4,938	32	2,528	-1,342	583	15,405
Cash flow from operations	36,822	173,027	-34,881	3,147	23,391	59,877	16,284	37,973	49,480	888	61,616	16,180	10,796	-32,303
Investing Activities
capital expenditure	-77,347	-90,663	-102,254	-8,982	-23,870	-25,915	-16,187	-33,015	-40,243	-13,321	-50,505	-5,069	5,785	-149,414
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-77,347	-90,663	-102,254	-8,982	-23,870	-25,915	-16,187	-33,015	-40,243	-13,321	-50,505	-5,069	5,785	-149,414
Financing Activities
Bank loans	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	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	-15,787	-31,788	148,126	1,996	-5,406	3,353	-306	-4,964	-5,674	12,433	-11,111	-11,111	-17,245	46,875
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	135,502
interest	2,838	510	37	33	285	110	9	18	9	0	0	0	2	2
cash flow from financing	-12,949	-31,278	148,163	2,029	-5,121	3,463	-297	-4,946	-5,665	12,433	-11,111	-11,111	-17,243	182,379
cash and cash equivalents
cash	-53,474	51,086	11,028	-3,806	-5,599	37,426	-200	12	3,572	0	0	0	-662	662
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-53,474	51,086	11,028	-3,806	-5,599	37,426	-200	12	3,572	0	0	0	-662	662

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PORTOBELLO ENGINEERING LIMITED group structure

Portobello Engineering Limited has no subsidiary companies.

Ultimate parent company

PORTOBELLO ENGINEERING LIMITED

03903581

PORTOBELLO ENGINEERING LIMITED Shareholders

mr hal debes	68.89%
mr guy debes	31.11%

Portobello Engineering Limited currently has 2 directors. The longest serving directors include Mr Guy Debes (Jan 2000) and Mr Hal Debes (Jan 2000).

officer	country	age	start	end	role
Mr Guy Debes	England	49 years	Jan 2000	-	Director
Mr Hal Debes	England	56 years	Jan 2000	-	Director

P&L

March 2023

turnover

1.2m

-1%

operating profit

13.2k

gross margin

29.1%

-0.38%

turnover

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

Balance Sheet

March 2023

net assets

13.2k

+56.74%

total assets

572.1k

cash

40k

-0.57%

net assets

Total assets minus all liabilities

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company number

03903581

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

January 2000

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

high peak works off derby road, cromford, matlock, derbyshire, DE4 5HN

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 3 charges/mortgages relating to portobello engineering limited. Currently there are 2 open charges and 1 have been satisfied in the past.

portobello engineering limited Company Information

portobello engineering limited Estimated Valuation

portobello engineering limited Estimated Valuation

portobello engineering limited Estimated Valuation

Portobello Engineering Limited Overview

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PORTOBELLO ENGINEERING LIMITED financials

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