Partington Engineering Limited

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partington engineering limited Company Information

Live

MatureSmall

Company Number

04552017

Website

http://trolleys4u.com

Registered Address

unit 16 mill park, hawks green ind estate, cannock, staffordshire, WS11 7XT

Industry

Other manufacturing n.e.c.

Telephone

01594824676

Next Accounts Due

December 2024

Group Structure

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Directors

Hans Meyer3 Years

Treve Hendry3 Years

View All

Shareholders

argent industrial uk ltd 100%

partington engineering limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of PARTINGTON ENGINEERING LIMITED at £2.9m based on Net Assets of £1.4m and 2.09x industry multiple (adjusted for liquidity).

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Partington Engineering Limited AI Business Plan

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Partington Engineering Limited is a live company located in cannock, WS11 7XT with a Companies House number of 04552017. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 2002, it's largest shareholder is argent industrial uk ltd with a 100% stake. Partington Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with unknown growth in recent years.

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Pomanda's financial health check has awarded Partington Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £2m, make it smaller than the average company (£13.4m)

Growth

There is insufficient data available for this Key Performance Indicator!

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARTINGTON ENGINEERING LIMITED group structure

Partington Engineering Limited has no subsidiary companies.

Ultimate parent company

ARGENT INDUSTRIAL LTD

#0073844

ARGENT INDUSTRIAL UK LTD

12394122

2 parents

PARTINGTON ENGINEERING LIMITED

04552017

PARTINGTON ENGINEERING LIMITED Shareholders

argent industrial uk ltd

100%

Partington Engineering Limited currently has 5 directors. The longest serving directors include Mr Hans Meyer (Jun 2020) and Mr Treve Hendry (Jun 2020).

officer	country	age	start	end	role
Mr Hans Meyer	United Kingdom	38 years	Jun 2020	-	Director
Mr Treve Hendry	United Kingdom	57 years	Jun 2020	-	Director
Mrs Julie Turnbull	England	60 years	Jun 2020	-	Director
Mr Andrew Hargreaves	England	47 years	Jun 2020	-	Director
Mr Justin Cadle	England	52 years	Oct 2022	-	Director

EXPORT

Partington Engineering Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £1.4 million. According to their latest financial statements, Partington Engineering Limited has 22 employees and maintains cash reserves of £287.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,019,123	1,690,585	2,797,618	4,645,765	6,006,814	5,675,788	4,385,053	5,782,403	6,656,198	4,698,380	4,486,157	3,556,014	1,340,368	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,429,318	1,192,014	2,007,328	3,284,001	4,220,701	3,914,766	3,007,371	3,969,224	4,585,217	3,233,680	3,089,085	2,432,529	915,132	0
Gross Profit	589,805	498,571	790,290	1,361,764	1,786,113	1,761,022	1,377,683	1,813,178	2,070,981	1,464,700	1,397,072	1,123,485	425,235	0
Admin Expenses	479,215	381,441	-623,463	1,814,509	546,760	872,139	506,403	969,565	1,369,680	1,040,198	1,134,918	1,029,536	453,921	-408,425
Operating Profit	110,590	117,130	1,413,753	-452,745	1,239,353	888,883	871,280	843,613	701,301	424,502	262,154	93,949	-28,686	408,425
Interest Payable	0	0	0	0	0	0	20	21	0	0	0	0	0	0
Interest Receivable	23,449	6,344	438	19,098	13,798	8,743	2,991	1,883	670	422	24	39	53	31
Pre-Tax Profit	134,040	123,474	1,414,191	-433,647	1,253,152	897,626	874,251	845,475	701,971	424,923	262,178	93,988	-28,633	408,456
Tax	-25,468	-23,460	-268,696	0	-238,099	-170,549	-174,850	-169,095	-147,414	-97,732	-62,923	-24,437	0	-114,368
Profit After Tax	108,572	100,014	1,145,495	-433,647	1,015,053	727,077	699,401	676,380	554,557	327,191	199,255	69,551	-28,633	294,088
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	108,572	100,014	1,145,495	-433,647	1,015,053	727,077	699,401	676,380	554,557	327,191	199,255	69,551	-28,633	294,088
Employee Costs	878,590	834,797	910,133	963,032	1,055,078	982,539	1,021,934	1,337,212	1,516,790	1,079,877	1,077,734	842,936	332,154	0
Number Of Employees	22	22	25	26	29	28	30	40	46	34	34	27	11	0
EBITDA*	231,478	170,716	1,576,660	-353,864	1,342,127	997,085	935,200	906,406	748,921	455,045	286,726	120,838	2,693	446,605

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	576,881	394,020	187,373	370,495	891,281	1,095,297	837,998	852,835	318,731	208,971	92,023	97,998	117,522	131,869
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	483,076	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	576,881	394,020	187,373	370,495	1,374,357	1,095,397	838,098	852,935	318,831	209,071	92,123	98,098	117,622	131,969
Stock & work in progress	379,005	199,375	341,362	308,122	127,000	45,275	55,275	42,320	35,275	43,665	41,400	34,750	43,650	37,525
Trade Debtors	293,598	180,816	580,421	1,256,648	1,934,296	1,667,284	1,122,515	1,582,764	1,841,301	1,221,748	1,126,602	868,934	341,191	285,783
Group Debtors	110,000	0	0	0	12,221	0	0	0	0	0	0	0	0	0
Misc Debtors	14,397	68,671	70,389	140,003	80,438	69,929	71,101	104,210	0	0	0	0	0	0
Cash	287,924	815,577	876,086	3,168,322	1,924,402	1,755,183	1,741,945	651,149	102,206	165,925	2,815	6,815	8,815	12,226
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,084,924	1,264,439	1,868,258	4,873,095	4,078,357	3,537,671	2,990,836	2,380,443	1,978,782	1,431,338	1,170,817	910,499	393,656	335,534
total assets	1,661,805	1,658,459	2,055,631	5,243,590	5,452,714	4,633,068	3,828,934	3,233,378	2,297,613	1,640,409	1,262,940	1,008,597	511,278	467,503
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	655	0	0	0	0	0	0
Trade Creditors	150,620	233,309	262,731	436,432	403,790	817,487	652,326	638,361	763,354	645,464	699,730	639,526	192,663	108,319
Group/Directors Accounts	82	1,991	0	0	0	4,700	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
hp & lease commitments	0	0	26,117	30,318	0	0	0	0	0	0	0	0	0	0
other current liabilities	80,013	133,520	596,770	620,283	459,901	226,107	278,455	397,094	0	0	0	0	0	0
total current liabilities	230,715	368,820	885,618	1,087,033	863,691	1,048,294	930,781	1,036,110	763,354	645,464	699,730	639,526	192,663	108,319
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	34,439	63,736	0	0	0	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	71,344	83,985	4,507	9,801	25,248	36,384
provisions	64,924	32,045	12,433	44,199	43,018	53,822	59,839	29,058	34,821	37,423	12,357	12,179	15,827	16,627
total long term liabilities	64,924	32,045	12,433	44,199	43,018	53,822	94,278	92,794	106,165	121,408	16,864	21,980	41,075	53,011
total liabilities	295,639	400,865	898,051	1,131,232	906,709	1,102,116	1,025,059	1,128,904	869,519	766,872	716,594	661,506	233,738	161,330
net assets	1,366,166	1,257,594	1,157,580	4,112,358	4,546,005	3,530,952	2,803,875	2,104,474	1,428,094	873,537	546,346	347,091	277,540	306,173
total shareholders funds	1,366,166	1,257,594	1,157,580	4,112,358	4,546,005	3,530,952	2,803,875	2,104,474	1,428,094	873,537	546,346	347,091	277,540	306,173

	Mar 2023	Mar 2022	Mar 2021	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	110,590	117,130	1,413,753	-452,745	1,239,353	888,883	871,280	843,613	701,301	424,502	262,154	93,949	-28,686	408,425
Depreciation	120,888	53,586	162,907	98,881	102,774	108,202	63,920	62,793	47,620	30,543	24,572	26,889	31,379	38,180
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-25,468	-23,460	-268,696	0	-238,099	-170,549	-174,850	-169,095	-147,414	-97,732	-62,923	-24,437	0	-114,368
Stock	179,630	-141,987	341,362	181,122	81,725	-10,000	12,955	7,045	-8,390	2,265	6,650	-8,900	6,125	37,525
Debtors	168,508	-401,323	650,810	-630,304	289,742	543,597	-493,358	-154,327	619,553	95,146	257,668	527,743	55,408	285,783
Creditors	-82,689	-29,422	262,731	32,642	-413,697	165,161	13,965	-124,993	117,890	-54,266	60,204	446,863	84,344	108,319
Accruals and Deferred Income	-53,507	-463,250	596,770	160,382	233,794	-52,348	-118,639	397,094	0	0	0	0	0	0
Deferred Taxes & Provisions	32,879	19,612	12,433	1,181	-10,804	-6,017	30,781	-5,763	-2,602	25,066	178	-3,648	-800	16,627
Cash flow from operations	-245,445	217,506	1,187,726	289,523	541,854	399,735	1,166,860	1,150,931	105,632	230,702	19,867	20,773	24,704	133,875
Investing Activities
capital expenditure	-303,749	-260,233	-350,280	421,905	101,242	-365,501	-49,083	-596,897	-157,380	-147,491	-18,597	-7,365	-17,032	-170,049
Change in Investments	0	0	0	-483,076	482,976	0	0	0	0	0	0	0	0	100
cash flow from investments	-303,749	-260,233	-350,280	904,981	-381,734	-365,501	-49,083	-596,897	-157,380	-147,491	-18,597	-7,365	-17,032	-170,149
Financing Activities
Bank loans	0	0	0	0	0	0	-655	655	0	0	0	0	0	0
Group/Directors Accounts	-1,909	1,991	0	0	-4,700	4,700	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-26,117	26,117	30,318	0	-34,439	-29,297	63,736	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-71,344	-12,641	79,478	-5,294	-15,447	-11,136	36,384
share issue	0	0	12,085	0	0	0	0	0	0	0	0	0	0	12,085
interest	23,449	6,344	438	19,098	13,798	8,743	2,971	1,862	670	422	24	39	53	31
cash flow from financing	21,540	-17,782	38,640	49,416	9,098	-20,996	-26,981	-5,091	-11,971	79,900	-5,270	-15,408	-11,083	48,500
cash and cash equivalents
cash	-527,653	-60,509	876,086	1,243,920	169,219	13,238	1,090,796	548,943	-63,719	163,110	-4,000	-2,000	-3,411	12,226
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-527,653	-60,509	876,086	1,243,920	169,219	13,238	1,090,796	548,943	-63,719	163,110	-4,000	-2,000	-3,411	12,226

P&L

March 2023

turnover

+19%

operating profit

110.6k

gross margin

29.3%

-0.95%

turnover

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

Balance Sheet

March 2023

net assets

1.4m

+0.09%

total assets

1.7m

cash

287.9k

-0.65%

net assets

Total assets minus all liabilities

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company number

04552017

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

October 2002

age

accounts

Small Company

ultimate parent company

ARGENT INDUSTRIAL LTD

previous names

N/A

incorporated

address

unit 16 mill park, hawks green ind estate, cannock, staffordshire, WS11 7XT

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 4 charges/mortgages relating to partington engineering limited. Currently there are 0 open charges and 4 have been satisfied in the past.

partington engineering limited Company Information

partington engineering limited Estimated Valuation

partington engineering limited Estimated Valuation

partington engineering limited Estimated Valuation

Partington Engineering Limited AI Business Plan

Partington Engineering Limited Overview

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