Beta Engineering Services Ltd

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beta engineering services ltd Company Information

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Company Number

04246201

Website

www.betaengineering.co.uk

Registered Address

unit 2, goldthorpe industrial estate, co, rotherham, south yorkshire, S63 9BL

Industry

Other manufacturing n.e.c.

Telephone

01709894938

Next Accounts Due

May 2025

Group Structure

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Directors

Hugh Davies16 Years

Geraint Davies7 Years

Shareholders

hlw 357 100%

beta engineering services ltd Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of BETA ENGINEERING SERVICES LTD at £1.9m based on a Turnover of £2.9m and 0.63x industry multiple (adjusted for size and gross margin).

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Beta Engineering Services Ltd is a live company located in rotherham, S63 9BL with a Companies House number of 04246201. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 2001, it's largest shareholder is hlw 357 with a 100% stake. Beta Engineering Services Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Beta Engineering Services Ltd a 3.5 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

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.6%)

EXPORT

Beta Engineering Services Ltd's latest turnover from August 2023 is estimated at £2.9 million and the company has net assets of £2.4 million. According to their latest financial statements, Beta Engineering Services Ltd has 23 employees and maintains cash reserves of £148.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	2,946,913	3,255,551	2,208,667	2,365,910	2,609,643	2,430,625	2,415,090	2,369,330	4,599,878	4,571,753	4,886,817	5,007,151	4,911,597	4,676,852	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,095,059	2,280,128	1,578,054	1,680,821	1,828,064	1,701,790	1,648,753	1,608,502	3,145,748	3,114,820	3,324,693	3,398,166	3,329,855	3,143,139	0
Gross Profit	851,854	975,423	630,614	685,088	781,580	728,835	766,337	760,828	1,454,130	1,456,933	1,562,125	1,608,985	1,581,743	1,533,714	0
Admin Expenses	711,650	665,108	294,071	372,685	723,046	410,912	500,915	685,812	1,374,654	1,269,388	1,438,014	1,501,302	1,487,380	1,554,738	-1,190,742
Operating Profit	140,204	310,315	336,543	312,403	58,534	317,923	265,422	75,016	79,476	187,545	124,111	107,683	94,363	-21,024	1,190,742
Interest Payable	45,305	42,438	47,554	62,383	67,922	54,085	45,205	29,469	7,372	0	189	189	0	0	0
Interest Receivable	4,630	581	24	23	214	202	55	45	97	129	158	113	54	50	26
Pre-Tax Profit	99,529	268,458	289,012	250,043	-9,174	264,040	220,272	45,593	72,201	187,675	124,081	107,607	94,418	-20,974	1,190,768
Tax	-24,882	-51,007	-54,912	-47,508	0	-50,168	-41,852	-9,118	-14,440	-39,412	-28,539	-25,826	-24,549	0	-333,415
Profit After Tax	74,647	217,451	234,100	202,535	-9,174	213,872	178,420	36,474	57,761	148,263	95,542	81,781	69,869	-20,974	857,353
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	74,647	217,451	234,100	202,535	-9,174	213,872	178,420	36,474	57,761	148,263	95,542	81,781	69,869	-20,974	857,353
Employee Costs	933,642	964,359	848,422	874,624	893,530	946,473	1,290,080	1,098,604	1,037,523	1,051,074	1,146,005	1,186,699	1,145,687	1,175,464	0
Number Of Employees	23	25	23	24	25	27	38	33	32	33	37	38	38	40	0
EBITDA*	370,132	476,958	478,553	436,789	173,672	413,960	361,126	161,171	154,548	240,568	166,972	137,299	127,333	11,554	1,225,632

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	2,021,405	1,975,152	1,765,779	1,602,625	1,454,088	1,239,579	1,006,416	898,255	885,181	326,023	311,075	257,839	190,505	190,369	209,639
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	1	1	1	1	1	1	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	2,021,406	1,975,153	1,765,780	1,602,626	1,454,089	1,239,580	1,006,417	898,256	885,181	326,023	311,075	257,839	190,505	190,369	209,639
Stock & work in progress	218,721	229,458	128,629	147,924	102,744	74,595	65,425	75,190	51,990	50,816	49,679	47,500	48,004	83,502	53,402
Trade Debtors	628,506	550,208	461,323	467,898	580,868	513,582	397,259	463,518	1,340,385	1,414,622	1,399,975	1,420,995	1,409,048	1,298,533	1,214,126
Group Debtors	1,168,440	1,372,264	1,573,022	1,632,876	1,682,626	1,485,703	1,513,929	1,244,552	0	0	0	0	0	0	0
Misc Debtors	13,859	38,489	0	9,043	3,839	21,561	15,830	14,688	0	0	0	0	0	0	0
Cash	148,149	37,066	29,347	17,836	28,295	28,711	25,067	18,703	17,381	21,477	30,235	33,081	11,960	9,744	10,245
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,177,675	2,227,485	2,192,321	2,275,577	2,398,372	2,124,152	2,017,510	1,816,651	1,409,756	1,486,915	1,479,889	1,501,576	1,469,012	1,391,779	1,277,773
total assets	4,199,081	4,202,638	3,958,101	3,878,203	3,852,461	3,363,732	3,023,927	2,714,907	2,294,937	1,812,938	1,790,964	1,759,415	1,659,517	1,582,148	1,487,412
Bank overdraft	0	0	213,190	320,968	495,509	397,188	295,799	256,597	0	0	0	0	0	0	0
Bank loan	106,686	58,253	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	286,959	687,588	210,648	209,545	279,564	248,339	192,613	131,743	420,754	341,761	468,103	558,493	576,779	522,039	273,989
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	78,164	0	0	0	0	0	0	0
other current liabilities	371,136	230,497	344,750	343,560	308,290	260,302	229,736	145,167	0	0	0	0	0	0	0
total current liabilities	764,781	976,338	768,588	874,073	1,083,363	905,829	718,148	611,671	420,754	341,761	468,103	558,493	576,779	522,039	273,989
loans	276,052	382,738	440,990	584,000	644,866	474,929	434,598	459,575	226,838	0	0	5,817	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	107,423	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	402,426	259,114	416,121	350,638	281,201	167,211	280,198	141,175	293,379	186,095	191,858	174,186	143,334	190,805	321,111
provisions	316,902	220,175	185,580	156,770	132,844	96,402	85,494	67,994	63,371	52,248	46,432	31,890	32,156	31,925	33,959
total long term liabilities	995,380	862,027	1,042,691	1,091,408	1,058,911	738,542	800,290	776,167	583,588	238,343	238,290	211,893	175,490	222,730	355,070
total liabilities	1,760,161	1,838,365	1,811,279	1,965,481	2,142,274	1,644,371	1,518,438	1,387,838	1,004,342	580,104	706,393	770,386	752,269	744,769	629,059
net assets	2,438,920	2,364,273	2,146,822	1,912,722	1,710,187	1,719,361	1,505,489	1,327,069	1,290,595	1,232,834	1,084,571	989,029	907,248	837,379	858,353
total shareholders funds	2,438,920	2,364,273	2,146,822	1,912,722	1,710,187	1,719,361	1,505,489	1,327,069	1,290,595	1,232,834	1,084,571	989,029	907,248	837,379	858,353

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	140,204	310,315	336,543	312,403	58,534	317,923	265,422	75,016	79,476	187,545	124,111	107,683	94,363	-21,024	1,190,742
Depreciation	229,928	166,643	142,010	124,386	115,138	96,037	95,704	86,155	75,072	53,023	42,861	29,616	32,970	32,578	34,890
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-24,882	-51,007	-54,912	-47,508	0	-50,168	-41,852	-9,118	-14,440	-39,412	-28,539	-25,826	-24,549	0	-333,415
Stock	-10,737	100,829	-19,295	45,180	28,149	9,170	-9,765	23,200	1,174	1,137	2,179	-504	-35,498	30,100	53,402
Debtors	-150,156	-73,384	-75,472	-157,516	246,487	93,828	204,260	382,373	-74,237	14,647	-21,020	11,947	110,515	84,407	1,214,126
Creditors	-400,629	476,940	1,103	-70,019	31,225	55,726	60,870	-289,011	78,993	-126,342	-90,390	-18,286	54,740	248,050	273,989
Accruals and Deferred Income	140,639	-114,253	1,190	35,270	47,988	30,566	84,569	145,167	0	0	0	0	0	0	0
Deferred Taxes & Provisions	96,727	34,595	28,810	23,926	36,442	10,908	17,500	4,623	11,123	5,816	14,542	-266	231	-2,034	33,959
Cash flow from operations	342,880	795,788	549,511	490,794	14,691	357,994	287,718	-392,741	303,287	64,846	81,426	81,478	82,738	143,063	-67,363
Investing Activities
capital expenditure	-276,181	-376,016	-305,164	-272,923	-329,647	-329,200	-203,865	-99,229	-634,230	-67,971	-96,097	-96,950	-33,106	-13,308	-244,529
Change in Investments	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0
cash flow from investments	-276,181	-376,016	-305,164	-272,923	-329,647	-329,200	-203,865	-99,230	-634,230	-67,971	-96,097	-96,950	-33,106	-13,308	-244,529
Financing Activities
Bank loans	48,433	58,253	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-106,686	-58,252	-143,010	-60,866	169,937	40,331	-24,977	232,737	226,838	0	-5,817	5,817	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-185,587	185,587	0	0	0	0	0	0	0
other long term liabilities	143,312	-157,007	65,483	69,437	113,990	-112,987	139,023	-152,204	107,284	-5,763	17,672	30,852	-47,471	-130,306	321,111
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-40,675	-41,857	-47,530	-62,360	-67,708	-53,883	-45,150	-29,424	-7,275	129	-31	-76	54	50	26
cash flow from financing	44,384	-198,863	-125,057	-53,789	216,219	-126,539	-116,691	236,696	326,847	-5,634	11,824	36,593	-47,417	-130,256	322,137
cash and cash equivalents
cash	111,083	7,719	11,511	-10,459	-416	3,644	6,364	1,322	-4,096	-8,758	-2,846	21,121	2,216	-501	10,245
overdraft	0	-213,190	-107,778	-174,541	98,321	101,389	39,202	256,597	0	0	0	0	0	0	0
change in cash	111,083	220,909	119,289	164,082	-98,737	-97,745	-32,838	-255,275	-4,096	-8,758	-2,846	21,121	2,216	-501	10,245

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BETA ENGINEERING SERVICES LTD group structure

Beta Engineering Services Ltd has 1 subsidiary company.

Ultimate parent company

HLW 357 LIMITED

06519873

1 parent

BETA ENGINEERING SERVICES LTD

04246201

1 subsidiary

DAVER STEELS (BAR AND CABLE SYSTEMS) LIMITED

09978035

BETA ENGINEERING SERVICES LTD Shareholders

hlw 357

100%

Beta Engineering Services Ltd currently has 2 directors. The longest serving directors include Mr Hugh Davies (Apr 2008) and Mr Geraint Davies (Apr 2017).

officer	country	age	start	end	role
Mr Hugh Davies		61 years	Apr 2008	-	Director
Mr Geraint Davies		33 years	Apr 2017	-	Director

P&L

August 2023

turnover

2.9m

-9%

operating profit

140.2k

gross margin

29%

-3.52%

turnover

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

Balance Sheet

August 2023

net assets

2.4m

+0.03%

total assets

4.2m

cash

148.1k

+3%

net assets

Total assets minus all liabilities

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company number

04246201

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

July 2001

accounts

Total Exemption Full

ultimate parent company

HLW 357 LIMITED

previous names

N/A

last accounts submitted

August 2023

address

unit 2, goldthorpe industrial estate, co, rotherham, south yorkshire, S63 9BL

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 10 charges/mortgages relating to beta engineering services ltd. Currently there are 5 open charges and 5 have been satisfied in the past.

beta engineering services ltd Company Information

beta engineering services ltd Estimated Valuation

beta engineering services ltd Estimated Valuation

beta engineering services ltd Estimated Valuation

Beta Engineering Services Ltd Overview

Beta Engineering Services Ltd Health Check

BETA ENGINEERING SERVICES LTD financials

beta engineering services ltd Credit Report and Business Information

Beta Engineering Services Ltd Competitor Analysis

beta engineering services ltd Ownership

beta engineering services ltd directors

beta engineering services ltd company details

beta engineering services ltd Charges & Mortgages

beta engineering services ltd Companies House Filings - See Documents