Frocester Engineering Limited

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frocester engineering limited Company Information

Live

MatureSmallHealthy

Company Number

04545026

Website

www.frocesterengineering.co.uk

Registered Address

blackcomb works, mendip business park mendip road, rooksbridge, axbridge, BS26 2UG

Industry

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

Manufacture of sports goods

Telephone

01934751242

Next Accounts Due

June 2025

Group Structure

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Directors

Anthony Locke22 Years

Shareholders

anthony locke 75.5%

gary hunt 9.4%

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frocester engineering limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of FROCESTER ENGINEERING LIMITED at £1.4m based on Net Assets of £747.4k and 1.84x industry multiple (adjusted for liquidity).

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Frocester Engineering Limited is a live company located in rooksbridge, BS26 2UG with a Companies House number of 04545026. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in September 2002, it's largest shareholder is anthony locke with a 75.5% stake. Frocester Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Frocester Engineering Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£12.2m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7%)

EXPORT

Frocester Engineering Limited's latest turnover from September 2023 is estimated at £1.6 million and the company has net assets of £747.4 thousand. According to their latest financial statements, Frocester Engineering Limited has 17 employees and maintains cash reserves of £326.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,582,649	1,432,426	1,527,080	1,400,312	1,767,623	1,862,657	1,851,955	1,069,154	1,290,506	1,231,034	915,882	886,403	879,158	589,663	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,212,428	1,080,385	1,200,310	1,048,608	1,323,512	1,374,298	1,402,000	784,632	993,201	923,057	696,545	661,353	677,293	445,367	0
Gross Profit	370,221	352,041	326,770	351,704	444,111	488,360	449,955	284,523	297,305	307,978	219,336	225,051	201,866	144,296	0
Admin Expenses	331,558	232,556	230,702	406,511	393,878	481,815	287,689	201,052	328,156	167,792	128,142	212,699	227,287	13,635	-143,465
Operating Profit	38,663	119,485	96,068	-54,807	50,233	6,545	162,266	83,471	-30,851	140,186	91,194	12,352	-25,421	130,661	143,465
Interest Payable	0	0	3,452	7,342	4,305	0	0	0	0	0	0	0	0	0	0
Interest Receivable	14,828	6,182	260	189	789	1,165	618	525	1,015	1,068	849	499	406	480	189
Pre-Tax Profit	53,491	125,667	92,877	-61,960	46,717	7,710	162,884	83,996	-29,836	141,254	92,043	12,851	-25,015	131,142	143,654
Tax	-13,373	-23,877	-17,647	0	-8,876	-1,465	-30,948	-16,799	0	-29,663	-21,170	-3,084	0	-36,720	-40,223
Profit After Tax	40,118	101,790	75,230	-61,960	37,841	6,245	131,936	67,197	-29,836	111,591	70,873	9,767	-25,015	94,422	103,431
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	40,118	101,790	75,230	-61,960	37,841	6,245	131,936	67,197	-29,836	111,591	70,873	9,767	-25,015	94,422	103,431
Employee Costs	685,762	663,373	703,483	781,465	829,327	701,669	799,635	547,968	200,206	192,511	160,526	127,460	122,212	90,081	0
Number Of Employees	17	18	20	23	24	20	23	16	6	6	5	4	4	3	0
EBITDA*	93,205	181,165	158,199	20,257	144,837	55,223	210,473	118,012	-12,602	151,199	102,612	26,111	-12,139	143,767	156,211

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	938,323	965,840	977,672	526,711	589,855	390,952	213,836	114,054	139,632	48,370	48,768	53,116	65,289	49,581	42,835
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	27,953	60,571	60,571	60,529	60,529	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	26,002	0	0	0	0
Total Fixed Assets	938,323	965,840	977,672	526,711	617,808	451,523	274,407	174,583	200,161	48,370	74,770	53,116	65,289	49,581	42,835
Stock & work in progress	195,529	249,752	239,018	234,811	197,015	148,765	98,550	45,800	41,500	32,550	29,700	30,200	26,850	27,300	23,100
Trade Debtors	347,203	350,716	337,255	295,614	486,661	583,686	540,763	276,988	354,986	348,082	255,252	249,468	298,960	172,752	114,807
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	4,183	0
Cash	326,128	266,974	282,521	238,367	139,328	71,200	239,436	254,961	165,068	241,126	186,169	153,570	45,981	116,373	75,796
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	868,860	867,442	858,794	768,792	823,004	803,651	878,749	577,749	561,554	621,758	471,121	433,238	371,791	320,608	213,703
total assets	1,807,183	1,833,282	1,836,466	1,295,503	1,440,812	1,255,174	1,153,156	752,332	761,715	670,128	545,891	486,354	437,080	370,189	256,538
Bank overdraft	0	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	491,704	434,631	446,075	299,082	409,057	381,925	476,598	294,870	343,705	270,426	254,017	261,769	216,749	159,643	142,419
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	491,704	434,631	446,075	299,082	409,057	381,925	476,598	294,870	343,705	270,426	254,017	261,769	216,749	159,643	142,419
loans	0	0	0	113,173	127,558	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	9,563	30,163	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	529,736	640,024	743,636	299,014	227,483	245,861	89,317	21,473	43,488	14,099	17,773	20,497	22,270	0	0
provisions	38,373	51,375	41,293	44,439	54,359	73,037	39,135	19,819	25,549	9,674	9,763	10,623	14,363	9,723	9,158
total long term liabilities	568,109	691,399	784,929	466,189	439,563	318,898	128,452	41,292	69,037	23,773	27,536	31,120	36,633	9,723	9,158
total liabilities	1,059,813	1,126,030	1,231,004	765,271	848,620	700,823	605,050	336,162	412,742	294,199	281,553	292,889	253,382	169,366	151,577
net assets	747,370	707,252	605,462	530,232	592,192	554,351	548,106	416,170	348,973	375,929	264,338	193,465	183,698	200,823	104,961
total shareholders funds	747,370	707,252	605,462	530,232	592,192	554,351	548,106	416,170	348,973	375,929	264,338	193,465	183,698	200,823	104,961

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	38,663	119,485	96,068	-54,807	50,233	6,545	162,266	83,471	-30,851	140,186	91,194	12,352	-25,421	130,661	143,465
Depreciation	54,542	61,680	62,131	75,064	94,604	48,678	48,207	34,541	18,249	11,013	11,418	13,759	13,282	13,106	12,746
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,373	-23,877	-17,647	0	-8,876	-1,465	-30,948	-16,799	0	-29,663	-21,170	-3,084	0	-36,720	-40,223
Stock	-54,223	10,734	4,207	37,796	48,250	50,215	52,750	4,300	8,950	2,850	-500	3,350	-450	4,200	23,100
Debtors	-3,513	13,461	41,641	-191,047	-97,025	42,923	263,775	-77,998	6,904	66,828	31,786	-49,492	122,025	62,128	114,807
Creditors	57,073	-11,444	146,993	-109,975	27,132	-94,673	181,728	-48,835	73,279	16,409	-7,752	45,020	57,106	17,224	142,419
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-13,002	10,082	-3,146	-9,920	-18,678	33,902	19,316	-5,730	15,875	-89	-860	-3,740	4,640	565	9,158
Cash flow from operations	181,639	131,731	238,551	53,613	193,190	-100,151	64,044	120,346	60,698	68,178	41,544	110,449	-71,968	58,508	129,658
Investing Activities
capital expenditure	-27,025	-49,848	-513,092	-11,920	-293,507	-225,794	-147,989	-8,963	-109,511	-10,615	-7,070	-1,586	-28,990	-19,852	-55,581
Change in Investments	0	0	0	-27,953	-32,618	0	42	0	60,529	0	0	0	0	0	0
cash flow from investments	-27,025	-49,848	-513,092	16,033	-260,889	-225,794	-148,031	-8,963	-170,040	-10,615	-7,070	-1,586	-28,990	-19,852	-55,581
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	-113,173	-14,385	127,558	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-9,563	-20,600	30,163	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-110,288	-103,612	444,622	71,531	-18,378	156,544	67,844	-22,015	29,389	-3,674	-2,724	-1,773	22,270	0	0
share issue	0	0	0	0	0	0	0	0	2,880	0	0	0	7,890	1,440	1,530
interest	14,828	6,182	-3,192	-7,153	-3,516	1,165	618	525	1,015	1,068	849	499	406	480	189
cash flow from financing	-95,460	-97,430	318,694	29,393	135,827	157,709	68,462	-21,490	33,284	-2,606	-1,875	-1,274	30,566	1,920	1,719
cash and cash equivalents
cash	59,154	-15,547	44,154	99,039	68,128	-168,236	-15,525	89,893	-76,058	54,957	32,599	107,589	-70,392	40,577	75,796
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	59,154	-15,547	44,154	99,039	68,128	-168,236	-15,525	89,893	-76,058	54,957	32,599	107,589	-70,392	40,577	75,796

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FROCESTER ENGINEERING LIMITED group structure

Frocester Engineering Limited has no subsidiary companies.

Ultimate parent company

FROCESTER ENGINEERING LIMITED

04545026

FROCESTER ENGINEERING LIMITED Shareholders

anthony locke	75.47%
gary hunt	9.43%
tony sanford	5.66%
lucy locke	4.72%
guy locke	4.72%

Frocester Engineering Limited currently has 1 director, Mr Anthony Locke serving since Sep 2002.

officer	country	age	start	end	role
Mr Anthony Locke	England	58 years	Sep 2002	-	Director

P&L

September 2023

turnover

1.6m

+10%

operating profit

38.7k

gross margin

23.4%

-4.82%

turnover

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

Balance Sheet

September 2023

net assets

747.4k

+0.06%

total assets

1.8m

-0.01%

cash

326.1k

+0.22%

net assets

Total assets minus all liabilities

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company number

04545026

Type

Private limited with Share Capital

industry

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

32300 - Manufacture of sports goods

incorporation date

September 2002

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

blackcomb works, mendip business park mendip road, rooksbridge, axbridge, BS26 2UG

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 frocester engineering limited. Currently there are 3 open charges and 0 have been satisfied in the past.

frocester engineering limited Company Information

frocester engineering limited Estimated Valuation

frocester engineering limited Estimated Valuation

frocester engineering limited Estimated Valuation

Frocester Engineering Limited Overview

Frocester Engineering Limited Health Check

FROCESTER ENGINEERING LIMITED financials

frocester engineering limited Credit Report and Business Information

Frocester Engineering Limited Competitor Analysis

frocester engineering limited Ownership

frocester engineering limited directors

frocester engineering limited company details

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frocester engineering limited Companies House Filings - See Documents