point engineering (hull) limited
point engineering (hull) limited Company Information
Company Number
04132386
Website
www.pointeng.comRegistered Address
c/o kingsbridge corporate soluti, 1st floor lowgate house, hull, north humberside, HU1 1EL
Industry
Repair of machinery
Installation of industrial machinery and equipment
Telephone
01482320211
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
steven norton 55%
jonathan peter rollison 45%
point engineering (hull) limited Estimated Valuation
Pomanda estimates the enterprise value of POINT ENGINEERING (HULL) LIMITED at £1.7m based on a Turnover of £2.8m and 0.6x industry multiple (adjusted for size and gross margin).
point engineering (hull) limited Estimated Valuation
Pomanda estimates the enterprise value of POINT ENGINEERING (HULL) LIMITED at £0 based on an EBITDA of £-38.3k and a 4.96x industry multiple (adjusted for size and gross margin).
point engineering (hull) limited Estimated Valuation
Pomanda estimates the enterprise value of POINT ENGINEERING (HULL) LIMITED at £1.2m based on Net Assets of £467.1k and 2.56x industry multiple (adjusted for liquidity).
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Point Engineering (hull) Limited Overview
Point Engineering (hull) Limited is a dissolved company that was located in hull, HU1 1EL with a Companies House number of 04132386. It operated in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in December 2000, it's largest shareholder was steven norton with a 55% stake. The last turnover for Point Engineering (hull) Limited was estimated at £2.8m.
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Point Engineering (hull) Limited Health Check
Pomanda's financial health check has awarded Point Engineering (Hull) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£4.5m)
- Point Engineering (hull) Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.1%)
- Point Engineering (hull) Limited
3.1% - Industry AVG
Production
with a gross margin of 31.7%, this company has a comparable cost of product (31.7%)
- Point Engineering (hull) Limited
31.7% - Industry AVG
Profitability
an operating margin of -5.5% make it less profitable than the average company (5.9%)
- Point Engineering (hull) Limited
5.9% - Industry AVG
Employees
with 40 employees, this is similar to the industry average (50)
40 - Point Engineering (hull) Limited
50 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
- Point Engineering (hull) Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £69.2k, this is less efficient (£138.2k)
- Point Engineering (hull) Limited
£138.2k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (65 days)
- Point Engineering (hull) Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (47 days)
- Point Engineering (hull) Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (42 days)
- Point Engineering (hull) Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Point Engineering (hull) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.1%, this is a higher level of debt than the average (57.6%)
72.1% - Point Engineering (hull) Limited
57.6% - Industry AVG
POINT ENGINEERING (HULL) LIMITED financials
Point Engineering (Hull) Limited's latest turnover from January 2018 is estimated at £2.8 million and the company has net assets of £467.1 thousand. According to their latest financial statements, Point Engineering (Hull) Limited has 40 employees and maintains cash reserves of £33.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 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 | 40 | 48 | 49 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 973,041 | 1,120,805 | 1,417,587 | 1,510,131 | 663,722 | 518,024 | 529,525 | 310,096 | 262,612 |
| Intangible Assets | 2,700 | 3,150 | 3,600 | 4,050 | 4,500 | 4,950 | 5,400 | 5,850 | 6,300 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 975,741 | 1,123,955 | 1,421,187 | 1,514,181 | 668,222 | 522,974 | 534,925 | 315,946 | 268,912 |
| Stock & work in progress | 130,655 | 151,482 | 161,070 | 91,704 | 99,943 | 104,406 | 94,250 | 114,360 | 107,811 |
| Trade Debtors | 456,561 | 426,872 | 456,618 | 480,852 | 555,377 | 486,099 | 457,350 | 469,667 | 367,507 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 76,348 | 9,363 | 31,488 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 33,059 | 76,301 | 77,987 | 172,047 | 144,411 | 151,456 | 144,246 | 118,576 | 69,744 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 696,623 | 664,018 | 727,163 | 744,603 | 799,731 | 741,961 | 695,846 | 702,603 | 545,062 |
| total assets | 1,672,364 | 1,787,973 | 2,148,350 | 2,258,784 | 1,467,953 | 1,264,935 | 1,230,771 | 1,018,549 | 813,974 |
| Bank overdraft | 14,016 | 16,358 | 40,706 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 303,152 | 300,772 | 387,345 | 601,646 | 385,894 | 353,509 | 365,202 | 331,891 | 221,839 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 83,700 | 95,832 | 124,808 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 308,946 | 102,964 | 106,142 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 709,814 | 515,926 | 659,001 | 601,646 | 385,894 | 353,509 | 365,202 | 331,891 | 221,839 |
| loans | 197,063 | 211,248 | 249,837 | 144,199 | 58,677 | 103,444 | 108,256 | 53,531 | 0 |
| hp & lease commitments | 54,056 | 152,745 | 314,007 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 148,581 | 164,695 | 183,396 | 775,822 | 155,720 | 61,564 | 81,713 | 33,000 | 99,278 |
| provisions | 95,707 | 110,503 | 73,613 | 71,976 | 53,233 | 23,162 | 24,046 | 13,742 | 12,470 |
| total long term liabilities | 495,407 | 639,191 | 820,853 | 991,997 | 267,630 | 188,170 | 214,015 | 100,273 | 111,748 |
| total liabilities | 1,205,221 | 1,155,117 | 1,479,854 | 1,593,643 | 653,524 | 541,679 | 579,217 | 432,164 | 333,587 |
| net assets | 467,143 | 632,856 | 668,496 | 665,141 | 814,429 | 723,256 | 651,554 | 586,385 | 480,387 |
| total shareholders funds | 467,143 | 632,856 | 668,496 | 665,141 | 814,429 | 723,256 | 651,554 | 586,385 | 480,387 |
| Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 112,940 | 140,468 | 116,187 | 128,353 | 24,693 | 26,570 | 27,788 | 18,209 | 17,747 |
| Amortisation | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 |
| Tax | |||||||||
| Stock | -20,827 | -9,588 | 69,366 | -8,239 | -4,463 | 10,156 | -20,110 | 6,549 | 107,811 |
| Debtors | 96,674 | -51,871 | 7,254 | -74,525 | 69,278 | 28,749 | -12,317 | 102,160 | 367,507 |
| Creditors | 2,380 | -86,573 | -214,301 | 215,752 | 32,385 | -11,693 | 33,311 | 110,052 | 221,839 |
| Accruals and Deferred Income | 205,982 | -3,178 | 106,142 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -14,796 | 36,890 | 1,637 | 18,743 | 30,071 | -884 | 10,304 | 1,272 | 12,470 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -14,185 | -38,589 | 105,638 | 85,522 | -44,767 | -4,812 | 54,725 | 53,531 | 0 |
| Hire Purchase and Lease Commitments | -110,821 | -190,238 | 438,815 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -16,114 | -18,701 | -592,426 | 620,102 | 94,156 | -20,149 | 48,713 | -66,278 | 99,278 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -43,242 | -1,686 | -94,060 | 27,636 | -7,045 | 7,210 | 25,670 | 48,832 | 69,744 |
| overdraft | -2,342 | -24,348 | 40,706 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -40,900 | 22,662 | -134,766 | 27,636 | -7,045 | 7,210 | 25,670 | 48,832 | 69,744 |
point engineering (hull) limited Credit Report and Business Information
Point Engineering (hull) Limited Competitor Analysis
Perform a competitor analysis for point engineering (hull) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in HU1 area or any other competitors across 12 key performance metrics.
point engineering (hull) limited Ownership
POINT ENGINEERING (HULL) LIMITED group structure
Point Engineering (Hull) Limited has no subsidiary companies.
Ultimate parent company
POINT ENGINEERING (HULL) LIMITED
04132386
point engineering (hull) limited directors
Point Engineering (Hull) Limited currently has 2 directors. The longest serving directors include Mr Steven Norton (Dec 2000) and Mr Jonathan Rollison (Sep 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Norton | 61 years | Dec 2000 | - | Director | |
| Mr Jonathan Rollison | England | 61 years | Sep 2001 | - | Director |
P&L
January 2018turnover
2.8m
-10%
operating profit
-151.7k
0%
gross margin
31.7%
-3.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2018net assets
467.1k
-0.26%
total assets
1.7m
-0.06%
cash
33.1k
-0.57%
net assets
Total assets minus all liabilities
point engineering (hull) limited company details
company number
04132386
Type
Private limited with Share Capital
industry
33120 - Repair of machinery
33200 - Installation of industrial machinery and equipment
25620 - Machining
incorporation date
December 2000
age
24
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2018
previous names
N/A
accountant
-
auditor
-
address
c/o kingsbridge corporate soluti, 1st floor lowgate house, hull, north humberside, HU1 1EL
Bank
-
Legal Advisor
-
point engineering (hull) 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 point engineering (hull) limited. Currently there are 0 open charges and 5 have been satisfied in the past.
point engineering (hull) limited Companies House Filings - See Documents
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