jenrick engineering limited
jenrick engineering limited Company Information
Company Number
04278736
Website
www.jenrickgroup.co.ukRegistered Address
56 clarendon road, watford, herts, WD17 1DA
Industry
Temporary employment agency activities
Telephone
01932230868
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mcg group (midco) limited 100%
jenrick engineering limited Estimated Valuation
Pomanda estimates the enterprise value of JENRICK ENGINEERING LIMITED at £2.1m based on a Turnover of £11.1m and 0.19x industry multiple (adjusted for size and gross margin).
jenrick engineering limited Estimated Valuation
Pomanda estimates the enterprise value of JENRICK ENGINEERING LIMITED at £0 based on an EBITDA of £-1.1m and a 3.87x industry multiple (adjusted for size and gross margin).
jenrick engineering limited Estimated Valuation
Pomanda estimates the enterprise value of JENRICK ENGINEERING LIMITED at £823.3k based on Net Assets of £519.8k and 1.58x industry multiple (adjusted for liquidity).
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Jenrick Engineering Limited Overview
Jenrick Engineering Limited is a live company located in herts, WD17 1DA with a Companies House number of 04278736. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in August 2001, it's largest shareholder is mcg group (midco) limited with a 100% stake. Jenrick Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.1m with healthy growth in recent years.
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Jenrick Engineering Limited Health Check
Pomanda's financial health check has awarded Jenrick Engineering Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £11.1m, make it in line with the average company (£13.4m)
- Jenrick Engineering Limited
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (1.1%)
- Jenrick Engineering Limited
1.1% - Industry AVG
Production
with a gross margin of 17.7%, this company has a comparable cost of product (17.7%)
- Jenrick Engineering Limited
17.7% - Industry AVG
Profitability
an operating margin of -10% make it less profitable than the average company (2.7%)
- Jenrick Engineering Limited
2.7% - Industry AVG
Employees
with 18 employees, this is below the industry average (50)
18 - Jenrick Engineering Limited
50 - Industry AVG
Pay Structure
on an average salary of £51k, the company has an equivalent pay structure (£51k)
- Jenrick Engineering Limited
£51k - Industry AVG
Efficiency
resulting in sales per employee of £618.5k, this is more efficient (£274.4k)
- Jenrick Engineering Limited
£274.4k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (49 days)
- Jenrick Engineering Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (4 days)
- Jenrick Engineering Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Jenrick Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)
0 weeks - Jenrick Engineering Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (75.3%)
88.8% - Jenrick Engineering Limited
75.3% - Industry AVG
jenrick engineering limited Credit Report and Business Information
Jenrick Engineering Limited Competitor Analysis
Perform a competitor analysis for jenrick engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
jenrick engineering limited Ownership
JENRICK ENGINEERING LIMITED group structure
Jenrick Engineering Limited has no subsidiary companies.
Ultimate parent company
2 parents
JENRICK ENGINEERING LIMITED
04278736
jenrick engineering limited directors
Jenrick Engineering Limited currently has 4 directors. The longest serving directors include Mr James Henderson (Dec 2021) and Mr James Henderson (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Henderson | United Kingdom | 46 years | Dec 2021 | - | Director |
| Mr James Henderson | Scotland | 46 years | Dec 2021 | - | Director |
| Mr Ford Garrard | 41 years | Jul 2023 | - | Director | |
| Mr Ian Langley | England | 62 years | Jan 2024 | - | Director |
JENRICK ENGINEERING LIMITED financials
Jenrick Engineering Limited's latest turnover from December 2022 is estimated at £11.1 million and the company has net assets of £519.8 thousand. According to their latest financial statements, Jenrick Engineering Limited has 18 employees and maintains cash reserves of £60.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,476,257 | 7,614,184 | 7,431,987 | 7,963,102 | 7,116,285 | 7,108,800 | 7,225,782 | 6,181,827 | 4,408,346 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 5,420,683 | 5,454,436 | 5,242,454 | 5,929,305 | 5,297,581 | 5,119,794 | 5,163,215 | 4,302,535 | 3,122,717 | |||||
| Gross Profit | 2,055,574 | 2,159,748 | 2,189,533 | 2,033,797 | 1,818,704 | 1,989,006 | 2,062,567 | 1,879,292 | 1,285,629 | |||||
| Admin Expenses | 1,818,113 | 1,969,164 | 1,885,659 | 1,803,267 | 1,589,207 | 1,674,537 | 1,667,328 | 1,360,333 | 1,318,434 | |||||
| Operating Profit | 237,461 | 190,584 | 303,874 | 230,530 | 229,497 | 314,469 | 395,239 | 518,959 | -32,805 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 8,701 | 14,221 | ||||||
| Interest Receivable | 0 | 0 | 1,050 | 0 | 250 | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | 237,461 | 190,584 | 304,924 | 230,530 | 229,747 | 314,469 | 395,239 | 510,258 | -47,026 | |||||
| Tax | 0 | 0 | 0 | 0 | -2,184 | 0 | 0 | 0 | 0 | |||||
| Profit After Tax | 237,461 | 190,584 | 304,924 | 230,530 | 227,563 | 314,469 | 395,239 | 510,258 | -47,026 | |||||
| Dividends Paid | 200,000 | 200,000 | 0 | 200,000 | 200,000 | 200,000 | 200,000 | 0 | 0 | |||||
| Retained Profit | 37,461 | -9,416 | 304,924 | 30,530 | 27,563 | 114,469 | 195,239 | 510,258 | -47,026 | |||||
| Employee Costs | 1,219,965 | 1,073,455 | 1,112,191 | 1,116,150 | 963,783 | 931,154 | ||||||||
| Number Of Employees | 18 | 19 | 19 | 19 | 20 | 24 | 26 | 23 | 24 | 22 | 22 | 22 | 21 | 22 |
| EBITDA* | 317,648 | 274,076 | 376,699 | 302,667 | 303,948 | 345,838 | 456,337 | 573,722 | 21,562 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 90,700 | 133,061 | 135,511 | 129,016 | 172,143 | 344,956 | 371,165 | 430,358 | 396,369 | 398,597 | 372,156 | 393,153 | 374,725 | 378,919 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 175,000 | 207,814 | 207,814 | 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 | 90,700 | 133,061 | 310,511 | 336,830 | 379,957 | 344,956 | 371,165 | 430,358 | 396,369 | 398,597 | 372,156 | 393,153 | 374,725 | 378,919 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,259,012 | 1,916,402 | 1,855,820 | 1,805,290 | 2,015,760 | 1,545,227 | 1,259,553 | 1,379,400 | 1,544,620 | 1,658,950 | 1,364,951 | 1,262,537 | 1,063,922 | 871,948 |
| Group Debtors | 2,218,224 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 15,352 | 31,878 | 38,627 | 47,667 | 42,683 | 51,795 | 35,396 | 93,394 | 69,544 | 45,018 | 37,905 | 33,646 | 40,818 | 35,084 |
| Cash | 60,743 | 258,273 | 134,962 | 70,757 | 856 | 20,864 | 226,937 | 36,385 | 167 | 161 | 306,661 | 64,302 | 71,323 | 426 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,553,331 | 4,206,553 | 2,029,409 | 1,923,714 | 2,059,299 | 1,617,886 | 1,521,886 | 1,509,179 | 1,614,331 | 1,704,129 | 1,709,517 | 1,360,485 | 1,176,063 | 907,458 |
| total assets | 4,644,031 | 4,339,614 | 2,339,920 | 2,260,544 | 2,439,256 | 1,962,842 | 1,893,051 | 1,939,537 | 2,010,700 | 2,102,726 | 2,081,673 | 1,753,638 | 1,550,788 | 1,286,377 |
| Bank overdraft | 0 | 0 | 0 | 0 | 156,426 | 0 | 0 | 0 | 33,651 | 225,124 | 0 | 0 | 0 | 690,720 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,955 | 4,828 | 1,909 | 97 | 6,076 | 1,258 | 442 | 2,612 | 4,040 | 5,197 | 859 | 2,825 | 6,383 | 4,159 |
| Group/Directors Accounts | 1,502,923 | 2,923 | 32,880 | 256,480 | 289,909 | 93,294 | 225,955 | 225,038 | 224,523 | 222,348 | 320,747 | 320,793 | 265,125 | 15,275 |
| other short term finances | 1,875,019 | 1,840,352 | 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 | 720,348 | 690,282 | 590,333 | 519,545 | 580,871 | 473,237 | 309,062 | 344,879 | 486,402 | 418,503 | 556,076 | 340,498 | 384,997 | 192,198 |
| total current liabilities | 4,124,245 | 2,538,385 | 625,122 | 776,122 | 1,033,282 | 567,789 | 535,459 | 572,529 | 748,616 | 871,172 | 877,682 | 664,116 | 656,505 | 902,352 |
| 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 | 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 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,124,245 | 2,538,385 | 625,122 | 776,122 | 1,033,282 | 567,789 | 535,459 | 572,529 | 748,616 | 871,172 | 877,682 | 664,116 | 656,505 | 902,352 |
| net assets | 519,786 | 1,801,229 | 1,714,798 | 1,484,422 | 1,405,974 | 1,395,053 | 1,357,592 | 1,367,008 | 1,262,084 | 1,231,554 | 1,203,991 | 1,089,522 | 894,283 | 384,025 |
| total shareholders funds | 519,786 | 1,801,229 | 1,714,798 | 1,484,422 | 1,405,974 | 1,395,053 | 1,357,592 | 1,367,008 | 1,262,084 | 1,231,554 | 1,203,991 | 1,089,522 | 894,283 | 384,025 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 237,461 | 190,584 | 303,874 | 230,530 | 229,497 | 314,469 | 395,239 | 518,959 | -32,805 | |||||
| Depreciation | 59,548 | 66,996 | 60,470 | 66,791 | 78,800 | 80,187 | 83,492 | 72,825 | 72,137 | 74,451 | 31,369 | 61,098 | 54,763 | 54,367 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -2,184 | 0 | 0 | 0 | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 544,308 | 2,053,833 | 41,490 | -205,486 | 461,421 | 302,073 | -177,845 | -141,370 | -89,804 | 301,112 | 106,673 | 191,443 | 197,708 | 907,032 |
| Creditors | 21,127 | 2,919 | 1,812 | -5,979 | 4,818 | 816 | -2,170 | -1,428 | -1,157 | 4,338 | -1,966 | -3,558 | 2,224 | 4,159 |
| Accruals and Deferred Income | 30,066 | 99,949 | 70,788 | -61,326 | 107,634 | 164,175 | -35,817 | -141,523 | 67,899 | -137,573 | 215,578 | -44,499 | 192,799 | 192,198 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 180,566 | 413,934 | 375,118 | 459,213 | -132,583 | 452,777 | 216,837 | 571,037 | -689,113 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -175,000 | -32,814 | 0 | 207,814 | 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 |
| Group/Directors Accounts | 1,500,000 | -29,957 | -223,600 | -33,429 | 196,615 | -132,661 | 917 | 515 | 2,175 | -98,399 | -46 | 55,668 | 249,850 | 15,275 |
| Other Short Term Loans | 34,667 | 1,840,352 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 1,050 | 250 | 0 | 0 | -8,701 | -14,221 | ||||||
| cash flow from financing | -132,661 | 917 | -198,435 | -98,149 | -46 | 55,668 | 241,149 | 432,105 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | -197,530 | 123,311 | 64,205 | 69,901 | -20,008 | -206,073 | 190,552 | 36,218 | 6 | -306,500 | 242,359 | -7,021 | 70,897 | 426 |
| overdraft | 0 | 0 | 0 | -156,426 | 156,426 | 0 | 0 | -33,651 | -191,473 | 225,124 | 0 | 0 | -690,720 | 690,720 |
| change in cash | -197,530 | 123,311 | 64,205 | 226,327 | -176,434 | -206,073 | 190,552 | 69,869 | 191,479 | -531,624 | 242,359 | -7,021 | 761,617 | -690,294 |
P&L
December 2022turnover
11.1m
+18%
operating profit
-1.1m
0%
gross margin
17.8%
+10.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
519.8k
-0.71%
total assets
4.6m
+0.07%
cash
60.7k
-0.76%
net assets
Total assets minus all liabilities
jenrick engineering limited company details
company number
04278736
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
August 2001
age
23
accounts
Small Company
ultimate parent company
previous names
altech limited (September 2005)
incorporated
UK
address
56 clarendon road, watford, herts, WD17 1DA
last accounts submitted
December 2022
jenrick 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 7 charges/mortgages relating to jenrick engineering limited. Currently there are 7 open charges and 0 have been satisfied in the past.
jenrick engineering limited Companies House Filings - See Documents
| date | description | view/download |
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