acorn engineering group limited
acorn engineering group limited Company Information
Company Number
04448904
Website
http://aeglimited.co.ukRegistered Address
acorn house 20 wellcroft road, slough, berkshire, SL1 4AQ
Industry
Activities of head offices
Telephone
01753782560
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mecsia ltd 100%
acorn engineering group limited Estimated Valuation
Pomanda estimates the enterprise value of ACORN ENGINEERING GROUP LIMITED at £2.8m based on a Turnover of £996.3k and 2.84x industry multiple (adjusted for size and gross margin).
acorn engineering group limited Estimated Valuation
Pomanda estimates the enterprise value of ACORN ENGINEERING GROUP LIMITED at £0 based on an EBITDA of £-2m and a 4.86x industry multiple (adjusted for size and gross margin).
acorn engineering group limited Estimated Valuation
Pomanda estimates the enterprise value of ACORN ENGINEERING GROUP LIMITED at £1.7m based on Net Assets of £442.6k and 3.95x industry multiple (adjusted for liquidity).
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Acorn Engineering Group Limited Overview
Acorn Engineering Group Limited is a live company located in berkshire, SL1 4AQ with a Companies House number of 04448904. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 2002, it's largest shareholder is mecsia ltd with a 100% stake. Acorn Engineering Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £996.3k with declining growth in recent years.
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Acorn Engineering Group Limited Health Check
Pomanda's financial health check has awarded Acorn Engineering Group Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £996.3k, make it smaller than the average company (£20.3m)
- Acorn Engineering Group Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (3%)
- Acorn Engineering Group Limited
3% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
- Acorn Engineering Group Limited
33.2% - Industry AVG
Profitability
an operating margin of -202.9% make it less profitable than the average company (6%)
- Acorn Engineering Group Limited
6% - Industry AVG
Employees
with 6 employees, this is below the industry average (119)
- Acorn Engineering Group Limited
119 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has an equivalent pay structure (£45.8k)
- Acorn Engineering Group Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £166k, this is equally as efficient (£187.7k)
- Acorn Engineering Group Limited
£187.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Acorn Engineering Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (45 days)
- Acorn Engineering Group Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Acorn Engineering Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Acorn Engineering Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.5%, this is a higher level of debt than the average (57.4%)
71.5% - Acorn Engineering Group Limited
57.4% - Industry AVG
acorn engineering group limited Credit Report and Business Information
Acorn Engineering Group Limited Competitor Analysis
Perform a competitor analysis for acorn engineering group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
acorn engineering group limited Ownership
ACORN ENGINEERING GROUP LIMITED group structure
Acorn Engineering Group Limited has 2 subsidiary companies.
Ultimate parent company
CAMBRIDGE MAINTENANCE SERVICES BIDCO LTD
#0131456
1 parent
ACORN ENGINEERING GROUP LIMITED
04448904
2 subsidiaries
acorn engineering group limited directors
Acorn Engineering Group Limited currently has 2 directors. The longest serving directors include Mr Jonathan Coiley (Jul 2008) and Miss Paula Miller (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Coiley | England | 52 years | Jul 2008 | - | Director |
| Miss Paula Miller | England | 52 years | Jan 2023 | - | Director |
ACORN ENGINEERING GROUP LIMITED financials
Acorn Engineering Group Limited's latest turnover from December 2022 is estimated at £996.3 thousand and the company has net assets of £442.6 thousand. According to their latest financial statements, we estimate that Acorn Engineering Group Limited has 6 employees and maintains cash reserves of £48 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 | 15,382,221 | 12,789,293 | 13,120,127 | 14,164,437 | 13,347,957 | 11,250,644 | 9,380,531 | 9,720,124 | 12,252,055 | 16,842,820 | 18,667,942 | 16,159,521 | 15,543,148 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 11,826,716 | 9,443,912 | 10,172,237 | 11,203,437 | 10,056,937 | 8,119,299 | 6,085,373 | 6,352,142 | 9,297,207 | 12,170,266 | 14,383,860 | 12,078,689 | 11,744,941 | |
| Gross Profit | 3,555,505 | 3,345,381 | 2,947,890 | 2,961,000 | 3,291,020 | 3,131,345 | 3,295,158 | 3,367,982 | 2,954,848 | 4,672,554 | 4,284,082 | 4,080,832 | 3,798,207 | |
| Admin Expenses | 2,790,736 | 2,432,454 | 2,752,793 | 2,819,995 | 3,004,550 | 2,766,480 | 3,405,917 | 3,382,731 | 3,333,864 | 4,440,988 | 4,363,814 | 3,647,592 | 3,851,217 | |
| Operating Profit | 764,769 | 912,927 | 195,097 | 141,005 | 286,470 | 364,865 | -110,759 | -14,749 | -379,016 | 231,566 | -79,732 | 433,240 | -53,010 | |
| Interest Payable | 0 | 3,674 | 15,188 | 10,179 | 18,506 | 19,326 | 1,557 | 17,690 | 35,063 | 39,852 | 18,688 | 43,318 | 56,561 | |
| Interest Receivable | 1,273 | 3,268 | 5,323 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 327 | |
| Pre-Tax Profit | 766,042 | 912,521 | 185,232 | 130,826 | 267,964 | 345,539 | -112,316 | -32,439 | -414,079 | 191,714 | -98,420 | 389,933 | -109,244 | |
| Tax | -47,374 | -135,534 | -25,005 | -35,158 | -31,133 | -91,533 | 24,662 | -32,312 | 55,302 | -188,905 | -1,423 | -127,678 | -25,344 | |
| Profit After Tax | 718,668 | 776,987 | 160,227 | 95,668 | 236,831 | 254,006 | -87,654 | -64,751 | -358,777 | 2,809 | -99,843 | 262,255 | -134,588 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 15,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 40,000 | 0 | |
| Retained Profit | 718,668 | 776,987 | 160,227 | 95,668 | 221,831 | 239,006 | -87,654 | -64,751 | -358,777 | 181,438 | -117,426 | 273,857 | -138,643 | |
| Employee Costs | 6,250,731 | 5,584,851 | 5,976,001 | 6,267,007 | 6,007,690 | 4,833,629 | 4,403,357 | 4,505,125 | 4,801,830 | 5,653,906 | 5,318,698 | 4,632,754 | 4,923,518 | |
| Number Of Employees | 142 | 127 | 132 | 137 | 137 | 123 | 103 | 105 | 122 | 133 | 114 | 103 | 110 | |
| EBITDA* | 1,054,120 | 1,157,441 | 368,116 | 250,392 | 286,470 | 461,763 | -30,064 | 74,158 | -286,768 | 314,701 | 21,250 | 633,043 | 165,818 |
* 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 | 0 | 256,393 | 192,129 | 175,620 | 161,853 | 181,716 | 124,749 | 138,345 | 134,582 | 160,074 | 125,168 | 146,408 | 201,636 | 389,258 |
| Intangible Assets | 0 | 471,438 | 567,804 | 636,557 | 293,985 | 184,984 | 217,148 | 249,312 | 281,476 | 313,640 | 345,804 | 377,968 | 410,132 | 442,296 |
| Investments & Other | 1,238,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 587,500 | 426,247 | 411,908 | 411,908 | 411,908 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,097 | 341,989 | 251,310 | 374,980 |
| Total Fixed Assets | 1,238,217 | 727,831 | 759,933 | 812,177 | 455,838 | 366,700 | 341,897 | 387,657 | 416,058 | 1,061,214 | 1,197,316 | 1,278,273 | 1,274,986 | 1,618,442 |
| Stock & work in progress | 0 | 56,356 | 0 | 0 | 0 | 0 | 0 | 0 | 192,732 | 113,199 | 137,700 | 175,643 | 363,667 | 239,441 |
| Trade Debtors | 0 | 2,253,197 | 1,731,962 | 2,136,228 | 2,656,840 | 2,681,704 | 2,465,687 | 1,752,040 | 1,743,517 | 2,395,648 | 3,165,260 | 4,628,257 | 3,736,049 | 3,441,147 |
| Group Debtors | 101,790 | 686,099 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 167,304 | 1,336,606 | 1,273,354 | 1,261,215 | 1,326,761 | 1,194,172 | 736,742 | 741,146 | 438,246 | 386,585 | 333,567 | 552,139 | 363,709 | 348,626 |
| Cash | 48,033 | 650,811 | 1,438,885 | 184,276 | 166,622 | 78,232 | 128,199 | 22,034 | 187,662 | 90,527 | 286,297 | 43,783 | 128,792 | 97,304 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 317,127 | 4,983,069 | 4,444,201 | 3,581,719 | 4,150,223 | 3,954,108 | 3,330,628 | 2,515,220 | 2,562,157 | 2,985,959 | 3,922,824 | 5,399,822 | 4,592,217 | 4,126,518 |
| total assets | 1,555,344 | 5,710,900 | 5,204,134 | 4,393,896 | 4,606,061 | 4,320,808 | 3,672,525 | 2,902,877 | 2,978,215 | 4,047,173 | 5,120,140 | 6,678,095 | 5,867,203 | 5,744,960 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 377,153 | 0 | 0 | 103,291 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,251 | 42,965 | 42,965 |
| Trade Creditors | 185,798 | 1,500,027 | 900,984 | 1,219,304 | 1,694,168 | 1,718,335 | 1,472,998 | 1,209,428 | 895,420 | 1,173,749 | 1,537,301 | 2,393,714 | 1,987,742 | 2,132,421 |
| Group/Directors Accounts | 922,918 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,411 |
| other short term finances | 0 | 0 | 50,000 | 462,327 | 480,908 | 0 | 267,461 | 204,819 | 0 | 496,741 | 382,400 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 299 | 3,893 | 0 | 0 | 0 | 0 | 546 | 16,925 | 85,256 |
| other current liabilities | 4,001 | 1,651,385 | 2,427,065 | 1,688,070 | 1,602,924 | 1,521,112 | 1,428,940 | 1,110,448 | 1,395,714 | 1,610,186 | 2,205,754 | 3,308,978 | 2,666,851 | 2,294,545 |
| total current liabilities | 1,112,717 | 3,151,412 | 3,378,049 | 3,369,701 | 3,778,000 | 3,616,899 | 3,173,292 | 2,524,695 | 2,394,425 | 3,280,676 | 4,125,455 | 5,742,489 | 4,714,483 | 4,583,598 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,729 | 78,160 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,929 |
| 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 | 109,548 | 67,617 | 147,158 | 309,695 |
| provisions | 0 | 107,998 | 93,273 | 68,370 | 32,463 | 3,979 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 107,998 | 93,273 | 68,370 | 32,463 | 3,979 | 0 | 0 | 0 | 0 | 109,548 | 67,617 | 184,887 | 415,784 |
| total liabilities | 1,112,717 | 3,259,410 | 3,471,322 | 3,438,071 | 3,810,463 | 3,620,878 | 3,173,292 | 2,524,695 | 2,394,425 | 3,280,676 | 4,235,003 | 5,810,106 | 4,899,370 | 4,999,382 |
| net assets | 442,627 | 2,451,490 | 1,732,812 | 955,825 | 795,598 | 699,930 | 499,233 | 378,182 | 583,790 | 766,497 | 885,137 | 703,699 | 821,125 | 547,268 |
| total shareholders funds | 442,627 | 2,451,490 | 1,732,812 | 955,825 | 795,598 | 699,930 | 499,233 | 378,182 | 583,790 | 766,497 | 885,137 | 703,699 | 821,125 | 547,268 |
| 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 | 764,769 | 912,927 | 195,097 | 141,005 | 286,470 | 364,865 | -110,759 | -14,749 | -379,016 | 231,566 | -79,732 | 433,240 | -53,010 | |
| Depreciation | 0 | 110,866 | 82,954 | 74,094 | 77,223 | 64,734 | 48,531 | 56,743 | 60,084 | 50,971 | 68,818 | 154,139 | 218,828 | |
| Amortisation | 0 | 178,485 | 161,560 | 98,925 | 32,164 | 32,164 | 32,164 | 32,164 | 32,164 | 32,164 | 32,164 | 45,664 | 0 | |
| Tax | -47,374 | -135,534 | -25,005 | -35,158 | -31,133 | -91,533 | 24,662 | -32,312 | 55,302 | -188,905 | -1,423 | -127,678 | -25,344 | |
| Stock | -56,356 | 56,356 | 0 | 0 | 0 | 0 | 0 | -192,732 | 79,533 | -24,501 | -37,943 | -188,024 | 124,226 | 239,441 |
| Debtors | -4,006,808 | 1,270,586 | -392,127 | -586,158 | 107,725 | 673,447 | 709,243 | 311,423 | -600,470 | -1,016,691 | -1,723,461 | 1,171,317 | 186,315 | 4,164,753 |
| Creditors | -1,314,229 | 599,043 | -318,320 | -474,864 | -24,167 | 245,337 | 263,570 | 314,008 | -278,329 | -363,552 | -856,413 | 405,972 | -144,679 | 2,132,421 |
| Accruals and Deferred Income | -1,647,384 | -775,680 | 738,995 | 85,146 | 81,812 | 92,172 | 318,492 | -285,266 | -214,472 | -595,568 | -1,103,224 | 642,127 | 372,306 | 2,294,545 |
| Deferred Taxes & Provisions | -107,998 | 14,725 | 24,903 | 35,907 | 28,484 | 3,979 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -482,108 | 1,859,612 | 575,458 | 193,638 | 243,049 | -95,351 | 69,982 | -149,394 | -72,437 | 84,633 | 422,451 | 163,246 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | -181,525 | -122,661 | -51,138 | -52,293 | 556,249 | -85,161 | 131,181 | 22,829 | 93,731 | 12,980 | |
| Change in Investments | 1,238,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -587,500 | 161,253 | 14,339 | 0 | 0 | 411,908 |
| cash flow from investments | 0 | 0 | 0 | -181,525 | -122,661 | -51,138 | -52,293 | 1,143,749 | -246,414 | 116,842 | 22,829 | 93,731 | -398,928 | |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,251 | -3,714 | 0 | 42,965 |
| Group/Directors Accounts | 922,918 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,411 | 28,411 |
| Other Short Term Loans | 0 | -50,000 | -412,327 | -18,581 | 480,908 | -267,461 | 62,642 | 204,819 | -496,741 | 114,341 | 382,400 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,729 | -40,431 | 78,160 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -299 | -3,594 | 3,893 | 0 | 0 | 0 | -546 | -16,379 | -96,260 | 113,185 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -109,548 | 41,931 | -79,541 | -162,537 | 309,695 |
| share issue | ||||||||||||||
| interest | 1,273 | -406 | -9,865 | -10,179 | -18,506 | -19,326 | -1,557 | -17,690 | -35,063 | -39,852 | -18,688 | -43,307 | -56,234 | |
| cash flow from financing | -48,717 | -412,733 | -28,446 | 470,430 | -310,695 | -70,746 | 85,308 | -632,387 | 209,867 | 344,682 | -156,051 | -370,946 | 1,202,093 | |
| cash and cash equivalents | ||||||||||||||
| cash | -602,778 | -788,074 | 1,254,609 | 17,654 | 88,390 | -49,967 | 106,165 | -165,628 | 97,135 | -195,770 | 242,514 | -85,009 | 31,488 | 97,304 |
| overdraft | 0 | 0 | 0 | 0 | -377,153 | 377,153 | 0 | -103,291 | 103,291 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -602,778 | -788,074 | 1,254,609 | 17,654 | 465,543 | -427,120 | 106,165 | -62,337 | -6,156 | -195,770 | 242,514 | -85,009 | 31,488 | 97,304 |
P&L
December 2022turnover
996.3k
-94%
operating profit
-2m
0%
gross margin
33.3%
+43.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
442.6k
-0.82%
total assets
1.6m
-0.73%
cash
48k
-0.93%
net assets
Total assets minus all liabilities
acorn engineering group limited company details
company number
04448904
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 2002
age
22
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
acorn house 20 wellcroft road, slough, berkshire, SL1 4AQ
last accounts submitted
December 2022
acorn engineering group 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 8 charges/mortgages relating to acorn engineering group limited. Currently there are 4 open charges and 4 have been satisfied in the past.
acorn engineering group limited Companies House Filings - See Documents
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