standen engineering limited

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standen engineering limited Company Information

Share STANDEN ENGINEERING LIMITED

Company Number

04315838

Shareholders

douglas frederick carter

owen blake

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Group Structure

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Industry

Manufacture of agricultural and forestry machinery (other than agricultural tractors)

 

Registered Address

hereward works, station road, ely, cambridgeshire, CB7 4BP

standen engineering limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of STANDEN ENGINEERING LIMITED at £6.4m based on a Turnover of £12m and 0.53x industry multiple (adjusted for size and gross margin).

standen engineering limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of STANDEN ENGINEERING LIMITED at £2.6m based on an EBITDA of £631.2k and a 4.17x industry multiple (adjusted for size and gross margin).

standen engineering limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of STANDEN ENGINEERING LIMITED at £8.2m based on Net Assets of £4.3m and 1.92x industry multiple (adjusted for liquidity).

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Standen Engineering Limited Overview

Standen Engineering Limited is a live company located in ely, CB7 4BP with a Companies House number of 04315838. It operates in the manufacture of agricultural and forestry machinery other than tractors sector, SIC Code 28302. Founded in November 2001, it's largest shareholder is douglas frederick carter with a 14.8% stake. Standen Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12m with healthy growth in recent years.

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Standen Engineering Limited Health Check

Pomanda's financial health check has awarded Standen Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

0 Strong

positive_score

6 Regular

positive_score

6 Weak

size

Size

annual sales of £12m, make it smaller than the average company (£16.7m)

£12m - Standen Engineering Limited

£16.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (9%)

7% - Standen Engineering Limited

9% - Industry AVG

production

Production

with a gross margin of 23.3%, this company has a comparable cost of product (25.9%)

23.3% - Standen Engineering Limited

25.9% - Industry AVG

profitability

Profitability

an operating margin of 4.3% make it less profitable than the average company (7%)

4.3% - Standen Engineering Limited

7% - Industry AVG

employees

Employees

with 58 employees, this is below the industry average (82)

58 - Standen Engineering Limited

82 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.6k, the company has an equivalent pay structure (£39.3k)

£43.6k - Standen Engineering Limited

£39.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £207.5k, this is equally as efficient (£198.7k)

£207.5k - Standen Engineering Limited

£198.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 39 days, this is near the average (49 days)

39 days - Standen Engineering Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is close to average (39 days)

36 days - Standen Engineering Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 185 days, this is more than average (147 days)

185 days - Standen Engineering Limited

147 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (13 weeks)

2 weeks - Standen Engineering Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39%, this is a similar level of debt than the average (41.4%)

39% - Standen Engineering Limited

41.4% - Industry AVG

STANDEN ENGINEERING LIMITED financials

EXPORTms excel logo

Standen Engineering Limited's latest turnover from November 2023 is £12 million and the company has net assets of £4.3 million. According to their latest financial statements, Standen Engineering Limited has 58 employees and maintains cash reserves of £63.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover12,036,17513,026,35911,155,0489,872,2189,631,8358,119,2958,787,3147,947,2007,318,4389,820,34113,436,55611,116,34311,856,23510,917,51610,129,470
Other Income Or Grants
Cost Of Sales9,229,59910,168,8308,440,4946,819,3056,963,3445,699,1136,308,5775,771,1095,241,8907,083,17710,071,6678,486,9068,948,4958,374,2637,842,505
Gross Profit2,806,5762,857,5292,714,5543,052,9132,668,4912,420,1822,478,7372,176,0912,076,5482,737,1643,364,8892,629,4372,907,7402,543,2532,286,965
Admin Expenses2,291,9152,184,7562,151,4152,025,1752,174,8562,081,0612,182,7681,933,6122,055,6412,384,3242,610,7142,219,2542,299,5792,215,7291,951,223
Operating Profit514,661672,773563,1391,027,738493,635339,121295,969242,47920,907352,840754,175410,183608,161327,524335,742
Interest Payable28,00017,26312,082187,894242,969226,272236,1006,689190,878310,445227,99089,38397,703124,99980,908
Interest Receivable7524149,100195,800166,300172,100245,800251,500297,700278,5002129052
Pre-Tax Profit447,336651,634529,857886,944386,362100,949223,151167,990-55,671349,125673,370324,393514,530206,232254,886
Tax-56,383-41,723-63,017-142,398-47,524-16,441-75,96426,38760,380-32,114-72,223-33,433-76,04521,153-30,613
Profit After Tax390,953609,911466,840744,546338,83884,508147,187194,3774,709317,011601,147290,960438,485227,385224,273
Dividends Paid
Retained Profit390,953609,911466,840744,546338,83884,508147,187194,3774,709317,011601,147290,960438,485227,385224,273
Employee Costs2,526,0502,753,2012,569,2542,534,2332,557,3382,217,6692,194,7862,623,0092,660,8512,288,9012,382,4452,226,9122,087,512
Number Of Employees586263586365686468808787888280
EBITDA*631,238776,548653,6271,109,289558,920402,170347,397294,43081,797417,009811,237468,919822,102390,644385,304

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets543,726583,704454,042455,917306,814207,244220,267174,646171,936232,826178,571122,697153,884174,585180,070
Intangible Assets115,727165,731155,834
Investments & Other120,000180,104180,104180,104180,104280,117120,117120,117120,117120,11720,104
Debtors (Due After 1 year)199,475257,72784,750294,101279,623
Total Fixed Assets858,9281,007,162538,792750,018706,437387,348400,371354,750352,040512,943298,688242,814274,001450,536200,174
Stock & work in progress4,698,4335,578,0654,683,6853,937,1393,568,6453,517,1343,583,3113,196,6973,077,4023,267,6023,473,3773,396,9053,705,1063,265,1293,065,273
Trade Debtors1,310,578484,716390,983509,769560,765635,284899,456826,3431,011,775782,4231,183,9531,099,639813,163985,662542,851
Group Debtors
Misc Debtors61,63670,903128,29867,630202,024216,975261,093277,839106,57256,20459,25151,94045,02079,65965,652
Cash63,861389,589353,968664,075173,3456,17229,68851,4577,853406,380549,122259,405197,025180,448193,031
misc current assets
total current assets6,134,5086,523,2735,556,9345,178,6134,504,7794,375,5654,773,5484,352,3364,203,6024,512,6095,265,7034,807,8894,760,3144,510,8983,866,807
total assets6,993,4367,530,4356,095,7265,928,6315,211,2164,762,9135,173,9194,707,0864,555,6425,025,5525,564,3915,050,7035,034,3154,961,4344,066,981
Bank overdraft285,590522,69053,027247,006
Bank loan50,03146,94655,00060,00060,00060,000
Trade Creditors 920,2631,118,651726,513601,113587,236622,390724,548781,787434,308606,530861,608986,633998,789963,884828,376
Group/Directors Accounts20,10220,10220,10220,10220,10220,10220,10220,10220,10220,102
other short term finances62,928
hp & lease commitments57,24263,12260,07230,70758,26438,88532,21934,816108,52356,53061,25362,30255,29228,28537,005
other current liabilities622,475957,037800,908817,006653,389348,202383,816549,325468,740840,8401,181,398924,277970,4461,222,717813,509
total current liabilities1,650,0112,248,6841,587,4931,448,8261,298,8891,315,1691,683,3751,439,0571,278,6791,524,0022,179,3612,053,3142,104,6292,294,9881,698,992
loans92,130144,20755,000115,000175,000
hp & lease commitments68,05175,918121,031137,52976,51660,27469,18341,64355,65289,67565,35076,52278,63932,91861,203
Accruals and Deferred Income
other liabilities
provisions121,720211,605136,26797,530115,68957,709128,60817,9753,38928,82520,56317,02913,272
total long term liabilities1,079,8011,462,630596,2981,782,9591,663,9051,289,3621,777,1151,843,8831,705,5721,614,1391,584,4282,200,6671,658,8421,117,0151,674,225
total liabilities2,729,8123,711,3142,183,7913,231,7852,962,7942,604,5313,460,4903,282,9402,984,2513,138,1413,763,7894,253,9813,763,4713,412,0033,373,217
net assets4,263,6243,819,1213,911,9352,696,8462,248,4222,158,3821,713,4291,424,1461,571,3911,887,4111,800,602796,7221,270,8441,549,431693,764
total shareholders funds4,263,6243,819,1213,911,9352,696,8462,248,4222,158,3821,713,4291,424,1461,571,3911,887,4111,800,602796,7221,270,8441,549,431693,764
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit514,661672,773563,1391,027,738493,635339,121295,969242,47920,907352,840754,175410,183608,161327,524335,742
Depreciation116,577103,77590,48881,55165,28563,04951,42851,95160,89064,16957,06258,73658,10753,95449,562
Amortisation155,8349,166
Tax-56,383-41,723-63,017-142,398-47,524-16,441-75,96426,38760,380-32,114-72,223-33,433-76,04521,153-30,613
Stock-879,632894,380746,546368,49451,511-66,177386,614119,295-190,200-205,77576,472-308,201439,977199,8563,065,273
Debtors758,343209,315-267,469-170,912190,153-308,29056,367-14,165279,720-404,57791,625293,396-207,138456,818608,503
Creditors-198,388392,138125,40013,877-35,154-102,158-57,239347,479-172,222-255,078-125,025-12,15634,905135,508828,376
Accruals and Deferred Income-334,562156,129-16,098163,617305,187-35,614-165,50980,585-372,100-340,558257,121-46,169-252,271409,208813,509
Deferred Taxes & Provisions-89,88575,33838,737-18,15957,980-70,899128,608-17,97514,586-25,4368,2623,5343,75713,272
Cash flow from operations73,309254,735259,572928,644597,745551,525-265,688643,751-509,640414,197677,577400,228299,386303,596-1,663,928
Investing Activities
capital expenditure-50,026-97,049-54,661-114,016-110,420-26,759-37,408-313,484-79,170
Change in Investments-120,000-60,104-100,013160,000100,01320,104
cash flow from investments120,00060,104-50,026-97,049-54,661100,013-274,016-110,420-26,759-37,408-413,497-99,274
Financing Activities
Bank loans3,08546,946-55,000-5,00060,000
Group/Directors Accounts-20,10220,102
Other Short Term Loans -62,92862,928
Long term loans-52,077144,207-55,000-60,000-60,000175,000
Hire Purchase and Lease Commitments-13,747-42,06312,86733,45635,621-2,24324,943-87,71617,97019,602-12,2214,89372,728-37,00598,208
other long term liabilities
share issue53,550-702,725748,249-296,122-248,798360,445142,096-341,622-320,729-230,202402,733-765,082-717,072628,282469,491
interest-27,925-17,239-12,082-38,794-47,169-59,972-64,000239,11160,622-12,74550,510-89,383-97,491-124,909-80,856
cash flow from financing-100,042-507,946749,034-301,460-280,448298,230103,039-190,227-242,137-278,345381,022-909,572-801,835701,368506,945
cash and cash equivalents
cash-325,72835,621-310,107490,730167,173-23,516-21,76943,604-398,527-142,742289,71762,38016,577-12,583193,031
overdraft-285,590-237,100469,663-193,979247,006
change in cash-325,72835,621-310,107490,730452,763213,584-491,432237,583-645,533-142,742289,71762,38016,577-12,583193,031

standen engineering limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Standen Engineering Limited Competitor Analysis

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standen engineering limited Ownership

STANDEN ENGINEERING LIMITED group structure

Standen Engineering Limited has 2 subsidiary companies.

Ultimate parent company

STANDEN ENGINEERING LIMITED

04315838

2 subsidiaries

STANDEN ENGINEERING LIMITED Shareholders

douglas frederick carter 14.78%
owen blake 14.78%
ernest arthur rickwood 14.16%
alexander wolfgang mathias 13.49%
alan john winter 13.49%
david anthony bell 7.73%
richard alan holmes 6.62%
brian arthur setchell 6.62%
andrew william reedman 4.9%
maureen john hodson 1.23%

standen engineering limited directors

Standen Engineering Limited currently has 3 directors. The longest serving directors include Mr Edward Gilbert (Jan 2018) and Mr David Rickwood (Oct 2018).

officercountryagestartendrole
Mr Edward GilbertUnited Kingdom53 years Jan 2018- Director
Mr David RickwoodUnited Kingdom51 years Oct 2018- Director
Mr Phillip GermeneyUnited Kingdom59 years Oct 2018- Director

P&L

November 2023

turnover

12m

-8%

operating profit

514.7k

-24%

gross margin

23.4%

+6.3%

turnover

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

Balance Sheet

November 2023

net assets

4.3m

+0.12%

total assets

7m

-0.07%

cash

63.9k

-0.84%

net assets

Total assets minus all liabilities

standen engineering limited company details

company number

04315838

Type

Private limited with Share Capital

industry

28302 - Manufacture of agricultural and forestry machinery (other than agricultural tractors)

incorporation date

November 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

November 2023

previous names

tayvin 246 limited (December 2001)

accountant

-

auditor

WHITINGS LLP

address

hereward works, station road, ely, cambridgeshire, CB7 4BP

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

TAYLOR VINTERS

standen 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 4 charges/mortgages relating to standen engineering limited. Currently there are 2 open charges and 2 have been satisfied in the past.

standen engineering limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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standen engineering limited Companies House Filings - See Documents

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