Upnorth Engineering Services Limited

POWER SEARCH PRICING

SOLUTIONS

upnorth engineering services limited Company Information

Live

MatureLargeHealthy

Company Number

04366405

Website

http://gastro-direct.co.uk

Registered Address

merlin house princesway, team valley trading estate, gateshead, tyne and wear, NE11 0NF

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Telephone

01914142882

Next Accounts Due

December 2024

Group Structure

View All

Directors

Stewart Grierson22 Years

John Soulsby9 Years

Shareholders

upnorth group limited 100%

upnorth engineering services limited Estimated Valuation

£23m

Pomanda estimates the enterprise value of UPNORTH ENGINEERING SERVICES LIMITED at £23m based on a Turnover of £26.3m and 0.87x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Upnorth Engineering Services Limited is a live company located in gateshead, NE11 0NF with a Companies House number of 04366405. It operates in the other engineering activities sector, SIC Code 71129. Founded in February 2002, it's largest shareholder is upnorth group limited with a 100% stake. Upnorth Engineering Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.3m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Upnorth Engineering Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

6 Regular

0 Weak

Size

annual sales of £26.3m, make it larger than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.2%)

EXPORT

Upnorth Engineering Services Limited's latest turnover from March 2023 is £26.3 million and the company has net assets of £7.3 million. According to their latest financial statements, Upnorth Engineering Services Limited has 113 employees and maintains cash reserves of £4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	26,332,538	15,627,976	16,214,293	18,738,434	26,743,174	32,836,825	19,501,400	18,159,477	13,505,075	14,627,677	11,375,659	13,772,690	6,330,077	6,465,155
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,018,510	7,404,229	7,795,143	7,899,128	15,124,149	20,490,360	9,425,030	11,395,314	8,468,067	9,343,880	7,329,479	8,460,123	3,811,559	3,932,943
Gross Profit	10,314,028	8,223,747	8,419,150	10,839,306	11,619,025	12,346,465	10,076,370	6,764,163	5,037,008	5,283,797	4,046,180	5,312,567	2,518,518	2,532,211
Admin Expenses	8,920,789	7,126,791	6,800,930	9,524,889	9,331,777	8,889,145	7,254,353	4,181,627	2,189,624	1,857,840	3,061,971	5,046,653	2,359,698	1,103,023
Operating Profit	1,393,239	1,096,956	1,618,220	1,314,417	2,287,248	3,457,320	2,822,017	2,582,536	2,847,384	3,425,957	984,209	265,914	158,820	1,429,188
Interest Payable	10,058	26,957	10,346	17,653	27,071	51,547	25,554	14,931	15,808	29,100	20,282	0	0	0
Interest Receivable	0	0	2,493	0	10,268	249	9,000	0	0	0	0	1,947	1,439	645
Pre-Tax Profit	1,383,181	1,069,999	1,610,367	1,296,764	2,270,445	3,406,022	2,805,463	2,567,605	2,831,576	3,396,857	963,927	267,861	160,258	1,429,833
Tax	-196,645	-126,550	-218,269	-267,400	-466,010	572,176	-571,535	-519,552	-287,453	-146,375	-227,086	-69,644	-44,872	-400,353
Profit After Tax	1,186,536	943,449	1,392,098	1,029,364	1,804,435	3,978,198	2,233,928	2,048,053	2,544,123	3,250,482	736,841	198,217	115,386	1,029,480
Dividends Paid	0	1,000,000	1,000,000	4,000,000	1,600,000	1,560,000	0	3,000,000	2,200,000	700,000	200,000	0	0	0
Retained Profit	1,186,536	-56,551	392,098	-2,970,636	204,435	2,418,198	2,233,928	-951,947	344,123	2,550,482	536,841	198,217	115,386	1,029,480
Employee Costs	6,294,481	5,045,735	5,042,470	4,978,716	5,591,694	5,958,466	5,335,302	4,326,409	3,107,003	2,930,299	2,626,696	5,438,664	2,671,525	2,601,852
Number Of Employees	113	102	110	113	126	125	99	88	78	79	70	132	68	66
EBITDA*	1,777,857	1,229,271	1,767,489	1,526,679	2,567,123	3,676,124	2,963,169	2,735,259	3,057,175	3,643,073	1,153,787	347,553	215,489	1,486,675

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,124,923	423,591	439,586	664,330	888,321	1,100,594	676,689	646,024	508,268	274,046	343,555	284,204	1,020,769	102,298
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,124,923	423,591	439,586	664,330	888,321	1,100,594	676,689	646,024	508,268	274,046	343,555	284,204	1,020,769	102,298
Stock & work in progress	119,025	145,626	123,850	287,942	435,716	492,213	208,486	131,916	1,019,083	68,681	393,143	748,531	25,080	17,232
Trade Debtors	5,367,974	3,125,327	1,114,690	3,205,032	3,320,749	6,832,198	6,909,438	7,312,687	6,019,512	3,412,699	3,388,775	2,506,044	1,359,789	1,357,202
Group Debtors	6,754,902	5,791,981	4,465,701	3,065,145	2,902,422	171,591	49,935	0	0	0	0	0	0	0
Misc Debtors	1,272,338	628,185	1,475,128	1,422,071	2,286,774	2,583,972	659,717	12,261	82,395	129,740	184,149	0	0	0
Cash	4,034,360	2,382,386	3,922,237	8,183,354	7,512,407	11,397,038	4,798,849	4,882,567	1,710,497	4,675,299	855,205	461,306	317,479	258,048
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,548,599	12,073,505	11,101,606	16,163,544	16,458,068	21,477,012	12,626,425	12,339,431	8,831,487	8,286,419	4,821,272	3,715,881	1,702,348	1,632,482
total assets	18,673,522	12,497,096	11,541,192	16,827,874	17,346,389	22,577,606	13,303,114	12,985,455	9,339,755	8,560,465	5,164,827	4,000,085	2,723,117	1,734,780
Bank overdraft	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	40	0	0	0
Trade Creditors	4,884,198	1,694,815	751,075	1,925,666	3,016,460	2,908,806	2,254,551	2,211,908	1,348,129	1,279,102	1,309,208	2,454,036	828,028	654,434
Group/Directors Accounts	3,612,768	3,582,156	3,400,756	5,064,856	216,592	0	0	0	726,596	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	178,092	0	3,207	87,403	216,422	207,426	125,407	100,809	112,558	141,752	105,501	0	0	0
other current liabilities	1,842,562	1,147,821	1,265,549	3,922,287	4,967,260	10,637,850	4,560,414	6,514,605	2,185,622	2,529,215	1,647,240	0	0	0
total current liabilities	10,517,620	6,424,792	5,420,587	11,000,212	8,416,734	13,754,082	6,940,372	8,827,322	4,372,905	3,950,069	3,061,989	2,454,036	828,028	654,434
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	764,056	0	0	87,837	203,666	303,437	208,958	256,885	132,853	159,990	196,987	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	155,021	722,727	26,770
provisions	141,256	8,250	0	11,318	26,846	25,379	77,274	58,666	39,468	0	5,927	27,945	7,496	4,096
total long term liabilities	905,312	8,250	0	99,155	230,512	328,816	286,232	315,551	172,321	159,990	202,914	182,966	730,223	30,866
total liabilities	11,422,932	6,433,042	5,420,587	11,099,367	8,647,246	14,082,898	7,226,604	9,142,873	4,545,226	4,110,059	3,264,903	2,637,002	1,558,251	685,300
net assets	7,250,590	6,064,054	6,120,605	5,728,507	8,699,143	8,494,708	6,076,510	3,842,582	4,794,529	4,450,406	1,899,924	1,363,083	1,164,866	1,049,480
total shareholders funds	7,250,590	6,064,054	6,120,605	5,728,507	8,699,143	8,494,708	6,076,510	3,842,582	4,794,529	4,450,406	1,899,924	1,363,083	1,164,866	1,049,480

	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	1,393,239	1,096,956	1,618,220	1,314,417	2,287,248	3,457,320	2,822,017	2,582,536	2,847,384	3,425,957	984,209	265,914	158,820	1,429,188
Depreciation	384,618	132,315	149,269	212,262	279,875	218,804	141,152	152,723	209,791	217,116	169,578	81,639	56,669	57,487
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-196,645	-126,550	-218,269	-267,400	-466,010	572,176	-571,535	-519,552	-287,453	-146,375	-227,086	-69,644	-44,872	-400,353
Stock	-26,601	21,776	-164,092	-147,774	-56,497	283,727	76,570	-887,167	950,402	-324,462	-355,388	723,451	7,848	17,232
Debtors	3,849,721	2,489,974	-636,729	-817,697	-1,077,816	1,968,671	294,142	1,223,041	2,559,468	-30,485	1,066,880	1,146,255	2,587	1,357,202
Creditors	3,189,383	943,740	-1,174,591	-1,090,794	107,654	654,255	42,643	863,779	69,027	-30,106	-1,144,828	1,626,008	173,594	654,434
Accruals and Deferred Income	694,741	-117,728	-2,656,738	-1,044,973	-5,670,590	6,077,436	-1,954,191	4,328,983	-343,593	881,975	1,647,240	0	0	0
Deferred Taxes & Provisions	133,006	8,250	-11,318	-15,528	1,467	-51,895	18,608	19,198	39,468	-5,927	-22,018	20,449	3,400	4,096
Cash flow from operations	1,775,222	-574,767	-1,492,606	73,455	-2,326,043	8,675,698	127,982	7,091,793	-975,246	4,697,587	695,603	54,660	337,176	370,418
Investing Activities
capital expenditure	0	0	0	11,729	339,375	62,354	-434,615	-42,601	-311,045	-11,392	-55,838	654,926	-975,140	-159,785
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	11,729	339,375	62,354	-434,615	-42,601	-311,045	-11,392	-55,838	654,926	-975,140	-159,785
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	-40	40	0	0	0
Group/Directors Accounts	30,612	181,400	-1,664,100	4,848,264	216,592	0	0	-726,596	726,596	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	942,148	-3,207	-172,033	-244,848	-90,775	176,498	-23,329	112,283	-56,331	-746	302,488	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-155,021	-567,706	695,957	26,770
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000
interest	-10,058	-26,957	-7,853	-17,653	-16,803	-51,298	-16,554	-14,931	-15,808	-29,100	-20,282	1,947	1,439	645
cash flow from financing	962,702	151,236	-1,843,986	4,585,763	109,014	125,200	-39,883	-629,244	654,457	-29,886	127,225	-565,759	697,396	47,415
cash and cash equivalents
cash	1,651,974	-1,539,851	-4,261,117	670,947	-3,884,631	6,598,189	-83,718	3,172,070	-2,964,802	3,820,094	393,899	143,827	59,431	258,048
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,651,974	-1,539,851	-4,261,117	670,947	-3,884,631	6,598,189	-83,718	3,172,070	-2,964,802	3,820,094	393,899	143,827	59,431	258,048

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for upnorth engineering services limited. Get real-time insights into upnorth engineering services limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for upnorth engineering services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

UPNORTH ENGINEERING SERVICES LIMITED group structure

Upnorth Engineering Services Limited has no subsidiary companies.

Ultimate parent company

UPNORTH GROUP LIMITED

11447565

1 parent

UPNORTH ENGINEERING SERVICES LIMITED

04366405

UPNORTH ENGINEERING SERVICES LIMITED Shareholders

upnorth group limited

100%

Upnorth Engineering Services Limited currently has 2 directors. The longest serving directors include Mr Stewart Grierson (Mar 2002) and Mr John Soulsby (Jun 2015).

officer	country	age	start	end	role
Mr Stewart Grierson	United Kingdom	46 years	Mar 2002	-	Director
Mr John Soulsby	United Kingdom	41 years	Jun 2015	-	Director

P&L

March 2023

turnover

26.3m

+68%

operating profit

1.4m

+27%

gross margin

39.2%

-25.57%

turnover

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

Balance Sheet

March 2023

net assets

7.3m

+0.2%

total assets

18.7m

+0.49%

cash

+0.69%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

wyg engineering limited

4.5

bcw engineering ltd

4.5

ikm testing uk limited

kintail trustees limited

calastone limited

company number

04366405

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

February 2002

age

accounts

Full Accounts

ultimate parent company

UPNORTH GROUP LIMITED

previous names

upnorth cooling limited (March 2011)

sandco 736 limited (March 2002)

incorporated

address

merlin house princesway, team valley trading estate, gateshead, tyne and wear, NE11 0NF

last accounts submitted

March 2023

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 3 charges/mortgages relating to upnorth engineering services limited. Currently there are 1 open charges and 2 have been satisfied in the past.

upnorth engineering services limited Company Information

upnorth engineering services limited Estimated Valuation

upnorth engineering services limited Estimated Valuation

upnorth engineering services limited Estimated Valuation

Upnorth Engineering Services Limited Overview

Upnorth Engineering Services Limited Health Check

UPNORTH ENGINEERING SERVICES LIMITED financials

upnorth engineering services limited Credit Report and Business Information

Upnorth Engineering Services Limited Competitor Analysis

upnorth engineering services limited Ownership

upnorth engineering services limited directors

upnorth engineering services limited company details

upnorth engineering services limited Charges & Mortgages

upnorth engineering services limited Companies House Filings - See Documents