I.s.s. Precision Engineering Limited

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i.s.s. precision engineering limited Company Information

Live

MatureSmallLow

Company Number

04305150

Next Accounts

Jul 2025

Industry

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

Directors

Richard Oliver

Tony Smith

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Shareholders

joe sheraton

anthony smith

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Group Structure

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Contact

Registered Address

unit 2f admiral business park, nelson park west, cramlington, northumberland, NE23 1WG

Website

www.group-iss.co.uk

i.s.s. precision engineering limited Estimated Valuation

£965.5k

Pomanda estimates the enterprise value of I.S.S. PRECISION ENGINEERING LIMITED at £965.5k based on a Turnover of £1.9m and 0.51x industry multiple (adjusted for size and gross margin).

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I.s.s. Precision Engineering Limited is a live company located in cramlington, NE23 1WG with a Companies House number of 04305150. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2001, it's largest shareholder is joe sheraton with a 48.1% stake. I.s.s. Precision Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with low growth in recent years.

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Pomanda's financial health check has awarded I.S.S. Precision Engineering Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.7%)

EXPORT

I.S.S. Precision Engineering Limited's latest turnover from October 2023 is estimated at £1.9 million and the company has net assets of £246.2 thousand. According to their latest financial statements, I.S.S. Precision Engineering Limited has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,876,721	1,957,081	1,824,739	1,795,660	1,632,327	1,466,157	1,040,385	1,116,902	1,174,110	1,809,987	1,898,540	1,553,609	1,348,555	1,367,787	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,336,544	1,368,164	1,297,336	1,258,066	1,147,524	1,032,305	718,730	767,362	796,468	1,259,277	1,317,816	1,086,101	937,840	935,297	0
Gross Profit	540,178	588,917	527,403	537,594	484,803	433,851	321,655	349,540	377,641	550,709	580,724	467,508	410,715	432,491	0
Admin Expenses	561,710	548,213	534,286	560,641	476,726	437,458	313,821	300,820	318,403	519,278	575,159	467,520	407,143	424,288	-179,016
Operating Profit	-21,532	40,704	-6,883	-23,047	8,077	-3,607	7,834	48,720	59,238	31,431	5,565	-12	3,572	8,203	179,016
Interest Payable	580	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	800	491	22	45	302	181	64	52	298	384	190	147	278	303	109
Pre-Tax Profit	-21,311	41,195	-6,861	-23,002	8,379	-3,426	7,898	48,773	59,536	31,815	5,756	136	3,850	8,506	179,125
Tax	0	-7,827	0	0	-1,592	0	-1,501	-9,754	-11,907	-6,681	-1,324	-33	-1,001	-2,382	-50,155
Profit After Tax	-21,311	33,368	-6,861	-23,002	6,787	-3,426	6,397	39,018	47,629	25,134	4,432	103	2,849	6,124	128,970
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-21,311	33,368	-6,861	-23,002	6,787	-3,426	6,397	39,018	47,629	25,134	4,432	103	2,849	6,124	128,970
Employee Costs	675,069	622,304	600,236	605,209	599,813	476,159	429,765	426,947	317,391	499,739	501,471	398,138	356,689	404,630	0
Number Of Employees	17	17	17	17	17	14	13	13	10	16	16	13	12	14	0
EBITDA*	443	64,366	17,847	2,437	25,061	13,300	25,599	66,979	78,762	51,929	22,350	13,140	13,385	18,083	189,051

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	353,162	375,137	395,299	412,212	416,319	273,604	288,410	301,754	320,041	338,359	267,323	219,688	159,705	169,518	176,648
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	353,162	375,137	395,299	412,212	416,319	273,604	288,410	301,754	320,041	338,359	267,323	219,688	159,705	169,518	176,648
Stock & work in progress	14,912	14,912	14,956	14,965	14,940	14,950	15,100	15,059	15,299	15,549	15,364	15,607	15,301	14,165	9,062
Trade Debtors	430,467	513,489	479,657	422,744	384,470	375,115	242,746	269,467	266,575	398,027	426,615	361,029	330,948	313,589	200,309
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,008	3,550	2,428	2,421	1,967	1,537	2,365	2,061	0	0	0	0	0	0	0
Cash	0	30,487	13,124	31,828	58,096	22,463	25,769	25,364	16,589	102,702	50,878	25,295	33,657	77,526	43,535
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	447,387	562,438	510,165	471,958	459,473	414,065	285,980	311,951	298,463	516,278	492,857	401,931	379,906	405,280	252,906
total assets	800,549	937,575	905,464	884,170	875,792	687,669	574,390	613,705	618,504	854,637	760,180	621,619	539,611	574,798	429,554
Bank overdraft	10,303	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	270,995	359,145	336,019	312,173	297,330	272,395	183,220	177,435	306,898	542,873	500,735	404,244	372,646	388,324	222,146
Group/Directors Accounts	0	0	58,000	62,500	50,000	60,000	20,000	30,000	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	22,424	29,900	29,900	29,900	29,899	0	5,774	23,820	0	0	0	0	0	0	0
other current liabilities	164,013	166,992	104,008	84,319	57,798	55,055	59,839	76,143	0	0	0	0	0	0	0
total current liabilities	467,735	556,037	527,927	488,892	435,027	387,450	268,833	307,398	306,898	542,873	500,735	404,244	372,646	388,324	222,146
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	22,424	52,325	82,225	112,125	0	0	5,774	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	39,492	85,077	72,461	46,280	7,132	25,517	57,833
provisions	86,598	91,587	91,053	72,033	64,620	42,986	44,898	46,271	56,870	59,072	44,503	33,046	21,887	25,860	20,602
total long term liabilities	86,598	114,011	143,378	154,258	176,745	42,986	44,898	52,045	96,362	144,149	116,964	79,326	29,019	51,377	78,435
total liabilities	554,333	670,048	671,305	643,150	611,772	430,436	313,731	359,443	403,260	687,022	617,699	483,570	401,665	439,701	300,581
net assets	246,216	267,527	234,159	241,020	264,020	257,233	260,659	254,262	215,244	167,615	142,481	138,049	137,946	135,097	128,973
total shareholders funds	246,216	267,527	234,159	241,020	264,020	257,233	260,659	254,262	215,244	167,615	142,481	138,049	137,946	135,097	128,973

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-21,532	40,704	-6,883	-23,047	8,077	-3,607	7,834	48,720	59,238	31,431	5,565	-12	3,572	8,203	179,016
Depreciation	21,975	23,662	24,730	25,484	16,984	16,907	17,765	18,259	19,524	20,498	16,785	13,152	9,813	9,880	10,035
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-7,827	0	0	-1,592	0	-1,501	-9,754	-11,907	-6,681	-1,324	-33	-1,001	-2,382	-50,155
Stock	0	-44	-9	25	-10	-150	41	-240	-250	185	-243	306	1,136	5,103	9,062
Debtors	-84,564	34,954	56,920	38,728	9,785	131,541	-26,417	4,953	-131,452	-28,588	65,586	30,081	17,359	113,280	200,309
Creditors	-88,150	23,126	23,846	14,843	24,935	89,175	5,785	-129,463	-235,975	42,138	96,491	31,598	-15,678	166,178	222,146
Accruals and Deferred Income	-2,979	62,984	19,689	26,521	2,743	-4,784	-16,304	76,143	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-4,989	534	19,020	7,413	21,634	-1,912	-1,373	-10,599	-2,202	14,569	11,457	11,159	-3,973	5,258	20,602
Cash flow from operations	-11,111	108,273	23,491	12,461	63,006	-35,612	38,582	-11,407	-39,620	130,358	63,631	25,477	-25,762	68,754	172,273
Investing Activities
capital expenditure	0	-3,500	-7,817	-21,377	-159,699	-2,101	-4,421	28	-1,206	-91,534	-64,420	-73,135	0	-2,750	-186,683
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-3,500	-7,817	-21,377	-159,699	-2,101	-4,421	28	-1,206	-91,534	-64,420	-73,135	0	-2,750	-186,683
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-58,000	-4,500	12,500	-10,000	40,000	-10,000	30,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-29,900	-29,901	-29,900	-29,899	142,024	-5,774	-23,820	29,594	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-39,492	-45,585	12,616	26,181	39,148	-18,385	-32,316	57,833
share issue	0	0	0	2	0	0	0	0	0	0	0	0	0	0	3
interest	220	491	22	45	302	181	64	52	298	384	190	147	278	303	109
cash flow from financing	-29,680	-87,410	-34,378	-17,352	132,326	34,407	-33,756	20,154	-45,287	13,000	26,371	39,295	-18,107	-32,013	57,945
cash and cash equivalents
cash	-30,487	17,363	-18,704	-26,268	35,633	-3,306	405	8,775	-86,113	51,824	25,583	-8,362	-43,869	33,991	43,535
overdraft	10,303	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-40,790	17,363	-18,704	-26,268	35,633	-3,306	405	8,775	-86,113	51,824	25,583	-8,362	-43,869	33,991	43,535

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for i.s.s. precision engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NE23 area or any other competitors across 12 key performance metrics.

I.S.S. PRECISION ENGINEERING LIMITED group structure

I.S.S. Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

I.S.S. PRECISION ENGINEERING LIMITED

04305150

I.S.S. PRECISION ENGINEERING LIMITED Shareholders

joe sheraton	48.08%
anthony smith	48.08%
richard oliver	0.96%
jonathon harbottle	0.96%
joe w. sheraton	0.96%
tony smith	0.96%

I.S.S. Precision Engineering Limited currently has 4 directors. The longest serving directors include Mr Richard Oliver (Oct 2001) and Mr Tony Smith (Oct 2001).

officer	country	age	start	end	role
Mr Richard Oliver	United Kingdom	52 years	Oct 2001	-	Director
Mr Tony Smith		52 years	Oct 2001	-	Director
Mr Joe Sheraton		63 years	Oct 2001	-	Director
Mr Jonathan Harbottle	United Kingdom	50 years	Oct 2001	-	Director

P&L

October 2023

turnover

1.9m

-4%

operating profit

-21.5k

gross margin

28.8%

-4.35%

turnover

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

Balance Sheet

October 2023

net assets

246.2k

-0.08%

total assets

800.5k

-0.15%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04305150

Type

Private limited with Share Capital

industry

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

incorporation date

October 2001

ultimate parent company

None

previous names

N/A

address

unit 2f admiral business park, nelson park west, cramlington, northumberland, NE23 1WG

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.

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i.s.s. precision engineering limited Company Information

i.s.s. precision engineering limited Estimated Valuation

i.s.s. precision engineering limited Estimated Valuation

i.s.s. precision engineering limited Estimated Valuation

I.s.s. Precision Engineering Limited Overview

I.s.s. Precision Engineering Limited Health Check

I.S.S. PRECISION ENGINEERING LIMITED financials

i.s.s. precision engineering limited Credit Report and Business Information

I.s.s. Precision Engineering Limited Competitor Analysis

i.s.s. precision engineering limited Ownership

i.s.s. precision engineering limited directors

i.s.s. precision engineering limited company details

i.s.s. precision engineering limited Charges & Mortgages

i.s.s. precision engineering limited Capital Raised & Share Issues BETA

i.s.s. precision engineering limited Companies House Filings - See Documents