Luffman Engineering Limited

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luffman engineering limited Company Information

Live

MatureSmallLow

Company Number

04356283

Next Accounts

Dec 2025

Industry

Manufacture of metal structures and parts of structures

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

Directors

Ian Luffman

Holly Ferguson

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Shareholders

luffman holdings ltd

Group Structure

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Contact

Registered Address

ayshford works, westleigh, tiverton, devon, EX16 7HL

Website

www.luffman.co.uk

luffman engineering limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of LUFFMAN ENGINEERING LIMITED at £1.4m based on Net Assets of £699.9k and 2x industry multiple (adjusted for liquidity).

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Luffman Engineering Limited is a live company located in tiverton, EX16 7HL with a Companies House number of 04356283. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in January 2002, it's largest shareholder is luffman holdings ltd with a 100% stake. Luffman Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £927.3k with low growth in recent years.

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Pomanda's financial health check has awarded Luffman Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £927.3k, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (11.1%)

EXPORT

Luffman Engineering Limited's latest turnover from March 2024 is estimated at £927.3 thousand and the company has net assets of £699.9 thousand. According to their latest financial statements, Luffman Engineering Limited has 7 employees and maintains cash reserves of £428.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	927,302	1,425,686	1,180,167	923,131	890,953	1,003,629	840,849	948,989	942,763	958,964	1,132,045	1,441,379	977,069	917,782	1,086,651
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	670,258	1,050,433	871,816	682,649	648,914	720,620	597,774	669,047	663,230	678,887	811,232	1,029,142	699,510	649,337	766,067
Gross Profit	257,043	375,253	308,351	240,482	242,039	283,009	243,075	279,942	279,534	280,077	320,813	412,238	277,560	268,445	320,584
Admin Expenses	650,283	211,410	275,735	251,468	130,770	223,953	202,324	457,113	240,024	216,104	233,492	163,345	233,795	126,903	-234,475
Operating Profit	-393,240	163,843	32,616	-10,986	111,269	59,056	40,751	-177,171	39,510	63,973	87,321	248,893	43,765	141,542	555,059
Interest Payable	0	0	0	187	187	0	0	0	0	0	0	0	0	0	0
Interest Receivable	33,356	35,004	5,006	532	448	2,341	1,152	905	2,530	2,300	1,515	692	1,282	1,870	850
Pre-Tax Profit	-359,884	198,847	37,622	-10,641	111,530	61,398	41,904	-176,266	42,040	66,273	88,836	249,584	45,047	143,413	555,910
Tax	0	-37,781	-7,148	0	-21,191	-11,666	-7,962	0	-8,408	-13,917	-20,432	-59,900	-11,712	-40,155	-155,655
Profit After Tax	-359,884	161,066	30,474	-10,641	90,339	49,732	33,942	-176,266	33,632	52,356	68,404	189,684	33,335	103,257	400,255
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-359,884	161,066	30,474	-10,641	90,339	49,732	33,942	-176,266	33,632	52,356	68,404	189,684	33,335	103,257	400,255
Employee Costs	299,540	358,594	336,459	323,530	330,286	356,514	310,957	272,620	359,947	262,999	320,180	383,175	280,987	271,321	327,615
Number Of Employees	7	9	9	9	9	10	9	8	11	8	10	12	9	9	11
EBITDA*	-289,441	292,868	108,878	83,581	226,483	177,146	159,210	-23,871	149,491	154,648	172,529	358,834	135,361	154,677	599,581

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	407,638	510,738	300,582	374,374	458,110	470,045	467,710	590,825	421,761	347,842	326,431	378,314	342,482	30,858	27,467
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	3,750	8,750	13,750
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	10,004	10,016	10,391	10,016	10,016	10,016	12,562	10,000	10,000	10,000	10,000	10,000	10,000	0	0
Total Fixed Assets	417,642	520,754	310,973	384,390	468,126	480,061	480,272	600,825	431,761	357,842	336,431	388,314	356,232	39,608	41,217
Stock & work in progress	34,694	47,531	116,081	131,354	89,146	49,648	37,101	36,578	27,903	34,856	37,570	35,510	30,695	47,055	17,935
Trade Debtors	234,825	333,647	327,411	239,505	228,043	245,281	249,770	248,935	255,418	257,774	271,619	397,274	257,368	218,452	238,907
Group Debtors	32,568	29,760	6,110	0	0	0	3,545	6,094	0	0	0	0	0	0	0
Misc Debtors	11,098	23,107	10,042	18,757	8,554	9,813	12,897	13,289	7,142	0	0	724	0	0	0
Cash	428,771	841,936	805,308	529,733	534,319	361,456	262,917	197,977	526,391	485,638	434,445	171,689	104,988	407,925	340,159
misc current assets	9	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	741,965	1,275,981	1,264,952	919,349	860,062	666,198	566,230	502,873	816,854	778,268	743,634	605,197	393,051	673,432	597,001
total assets	1,159,607	1,796,735	1,575,925	1,303,739	1,328,188	1,146,259	1,046,502	1,103,698	1,248,615	1,136,110	1,080,065	993,511	749,283	713,040	638,218
Bank overdraft	0	0	0	0	6,128	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	89,630	310,962	151,800	62,687	68,240	150,910	70,089	193,998	85,073	173,596	255,473	240,568	198,185	209,428	237,863
Group/Directors Accounts	19,681	134,573	202,481	124,027	98,042	63,383	75,330	64,177	116,753	78,865	4,390	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	0	0	0	0	0	0	0	0
other current liabilities	256,481	173,475	266,248	194,775	210,711	80,474	105,529	66,892	105,775	0	0	0	0	0	0
total current liabilities	365,792	619,010	620,529	381,489	383,121	294,767	250,948	325,067	307,601	252,461	259,863	240,568	198,185	209,428	237,863
loans	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	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	93,940	117,966	56,793	54,121	66,297	63,061	56,855	73,874	59,991	36,258	25,167	26,312	14,151	0	0
total long term liabilities	93,940	117,966	56,793	54,121	66,297	63,061	56,855	73,874	59,991	36,258	25,167	26,312	14,151	0	0
total liabilities	459,732	736,976	677,322	435,610	449,418	357,828	307,803	398,941	367,592	288,719	285,030	266,880	212,336	209,428	237,863
net assets	699,875	1,059,759	898,603	868,129	878,770	788,431	738,699	704,757	881,023	847,391	795,035	726,631	536,947	503,612	400,355
total shareholders funds	699,875	1,059,759	898,603	868,129	878,770	788,431	738,699	704,757	881,023	847,391	795,035	726,631	536,947	503,612	400,355

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-393,240	163,843	32,616	-10,986	111,269	59,056	40,751	-177,171	39,510	63,973	87,321	248,893	43,765	141,542	555,059
Depreciation	103,799	129,025	76,262	94,567	115,214	118,090	118,459	153,300	109,981	90,675	85,208	96,191	86,596	8,135	39,522
Amortisation	0	0	0	0	0	0	0	0	0	0	0	13,750	5,000	5,000	5,000
Tax	0	-37,781	-7,148	0	-21,191	-11,666	-7,962	0	-8,408	-13,917	-20,432	-59,900	-11,712	-40,155	-155,655
Stock	-12,837	-68,550	-15,273	42,208	39,498	12,547	523	8,675	-6,953	-2,714	2,060	4,815	-16,360	29,120	17,935
Debtors	-108,035	42,576	85,676	21,665	-18,497	-13,664	456	5,758	4,786	-13,845	-126,379	140,630	48,916	-20,455	238,907
Creditors	-221,332	159,162	89,113	-5,553	-82,670	80,821	-123,909	108,925	-88,523	-81,877	14,905	42,383	-11,243	-28,435	237,863
Accruals and Deferred Income	83,006	-92,773	71,473	-15,936	130,237	-25,055	38,637	-38,883	105,775	0	0	0	0	0	0
Deferred Taxes & Provisions	-24,026	61,173	2,672	-12,176	3,236	6,206	-17,019	13,883	23,733	11,091	-1,145	12,161	14,151	0	0
Cash flow from operations	-330,921	408,623	194,585	-13,957	235,094	228,569	47,978	45,621	184,235	86,504	290,176	208,033	94,001	77,422	424,947
Investing Activities
capital expenditure	-699	-339,181	-2,470	-10,831	-103,279	-120,425	4,656	-322,364	-183,900	-112,086	-33,325	-142,023	-398,220	-11,526	-85,739
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-699	-339,181	-2,470	-10,831	-103,279	-120,425	4,656	-322,364	-183,900	-112,086	-33,325	-142,023	-398,220	-11,526	-85,739
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-114,892	-67,908	78,454	25,985	34,659	-11,947	11,153	-52,576	37,888	74,475	4,390	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	0	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	0
share issue	0	90	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	33,356	35,004	5,006	345	261	2,341	1,152	905	2,530	2,300	1,515	692	1,282	1,870	850
cash flow from financing	-81,536	-32,814	83,460	26,330	34,920	-9,606	12,305	-51,671	40,418	76,775	5,905	692	1,282	1,870	950
cash and cash equivalents
cash	-413,165	36,628	275,575	-4,586	172,863	98,539	64,940	-328,414	40,753	51,193	262,756	66,701	-302,937	67,766	340,159
overdraft	0	0	0	-6,128	6,128	0	0	0	0	0	0	0	0	0	0
change in cash	-413,165	36,628	275,575	1,542	166,735	98,539	64,940	-328,414	40,753	51,193	262,756	66,701	-302,937	67,766	340,159

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LUFFMAN ENGINEERING LIMITED group structure

Luffman Engineering Limited has no subsidiary companies.

Ultimate parent company

LUFFMAN ENGINEERING LIMITED

04356283

LUFFMAN ENGINEERING LIMITED Shareholders

luffman holdings ltd

100%

Luffman Engineering Limited currently has 4 directors. The longest serving directors include Mr Ian Luffman (Jan 2002) and Ms Holly Ferguson (Jan 2002).

officer	country	age	start	end	role
Mr Ian Luffman	England	60 years	Jan 2002	-	Director
Ms Holly Ferguson	England	50 years	Jan 2002	-	Director
Mr Brandon Luffman	England	32 years	Mar 2023	-	Director
Mr Brett Luffman	England	29 years	Mar 2023	-	Director

P&L

March 2024

turnover

927.3k

-35%

operating profit

-393.2k

gross margin

27.8%

+5.31%

turnover

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

Balance Sheet

March 2024

net assets

699.9k

-0.34%

total assets

1.2m

-0.35%

cash

428.8k

-0.49%

net assets

Total assets minus all liabilities

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company number

04356283

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

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

incorporation date

January 2002

ultimate parent company

None

previous names

N/A

address

ayshford works, westleigh, tiverton, devon, EX16 7HL

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luffman engineering limited Company Information

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luffman engineering limited Estimated Valuation

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