W & K Precision Engineering Limited

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w & k precision engineering limited Company Information

Company Number

04795055

Next Accounts

Apr 2025

Directors

Lee Wade

Steven Knaggs

Shareholders

steven knaggs

lee wade

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Group Structure

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Industry

Machining

Registered Address

unit 37, cranswick industrial estate, bev, driffield, east yorkshire, YO25 9QE

Website

www.wkprecision.co.uk

w & k precision engineering limited Estimated Valuation

£639.9k

Pomanda estimates the enterprise value of W & K PRECISION ENGINEERING LIMITED at £639.9k based on a Turnover of £1.6m and 0.41x industry multiple (adjusted for size and gross margin).

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W & K Precision Engineering Limited is a live company located in driffield, YO25 9QE with a Companies House number of 04795055. It operates in the machining sector, SIC Code 25620. Founded in June 2003, it's largest shareholder is steven knaggs with a 40% stake. W & K Precision 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 W & K Precision Engineering Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.3%)

EXPORT

W & K Precision Engineering Limited's latest turnover from July 2023 is estimated at £1.6 million and the company has net assets of £41.8 thousand. According to their latest financial statements, W & K Precision Engineering Limited has 21 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,577,234	1,515,387	1,470,406	1,239,269	1,252,190	1,370,575	1,299,486	930,506	1,319,818	1,701,741	1,820,510	1,617,274	1,342,493	1,300,451
Other Income Or Grants
Cost Of Sales	1,129,994	1,097,886	1,071,603	890,572	901,368	959,901	912,398	650,448	918,493	1,178,971	1,285,459	1,144,118	924,469	878,658
Gross Profit	447,240	417,501	398,803	348,697	350,822	410,674	387,088	280,058	401,325	522,770	535,051	473,155	418,024	421,793
Admin Expenses	471,983	390,861	439,804	438,952	331,725	371,096	397,771	295,983	374,236	562,835	435,144	746,543	255,284	405,525	-347,299
Operating Profit	-24,743	26,640	-41,001	-90,255	19,097	39,578	-10,683	-15,925	27,089	-40,065	99,907	-273,388	162,740	16,268	347,299
Interest Payable	4,195	3,104	2,993	1,760	780	1,768	1,220
Interest Receivable	817	297	36	29			6	20	86	342	399	274	374	332	97
Pre-Tax Profit	-28,121	23,833	-43,958	-91,987	18,317	37,810	-11,896	-15,905	27,175	-39,723	100,305	-273,114	163,114	16,600	347,396
Tax		-4,528			-3,480	-7,184			-5,435		-23,070		-42,410	-4,648	-97,271
Profit After Tax	-28,121	19,305	-43,958	-91,987	14,837	30,626	-11,896	-15,905	21,740	-39,723	77,235	-273,114	120,704	11,952	250,125
Dividends Paid
Retained Profit	-28,121	19,305	-43,958	-91,987	14,837	30,626	-11,896	-15,905	21,740	-39,723	77,235	-273,114	120,704	11,952	250,125
Employee Costs	920,777	807,995	727,474	814,708	764,738	740,983	743,767	350,512	417,817	549,773	512,817	476,424	392,667	387,439
Number Of Employees	21	19	18	20	20	20	20	10	12	16	15	14	12	12
EBITDA*	23,752	85,114	27,256	-56,948	62,424	96,262	44,762	58,892	110,107	53,534	175,752	-172,540	250,318	100,788	449,672

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	139,669	169,698	208,621	94,378	124,525	164,692	165,716	214,968	239,575	275,533	254,360	222,902	253,255	241,980	294,840
Intangible Assets		3,160	6,320	9,480	12,640	15,800	18,960	22,120	25,280	28,440	31,600	34,760	37,920	41,080	44,240
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	139,669	172,858	214,941	103,858	137,165	180,492	184,676	237,088	264,855	303,973	285,960	257,662	291,175	283,060	339,080
Stock & work in progress	250,000	230,000	120,000	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	18,750	15,570	9,250
Trade Debtors	218,126	248,160	304,207	215,065	254,623	306,996	288,766	254,294	328,030	400,745	338,444	348,613	365,381	270,508	247,659
Group Debtors
Misc Debtors	4,369			51,683	60,511
Cash		32,662	14,866	57,331	1			5,155	2,842	31,707	105,277	54,172	55,333	94,142	38,610
misc current assets
total current assets	472,495	510,822	439,073	342,829	333,885	325,746	307,516	278,199	349,622	451,202	462,471	421,535	439,464	380,220	295,519
total assets	612,164	683,680	654,014	446,687	471,050	506,238	492,192	515,287	614,477	755,175	748,431	679,197	730,639	663,280	634,599
Bank overdraft	11,296				7,713	5,388	9,025
Bank loan	27,472	37,500
Trade Creditors	191,333	175,785	182,036	96,404	109,133	144,861	138,235	97,221	257,107	397,561	520,024	522,324	322,047	375,392	358,663
Group/Directors Accounts					120	2,883	3,316	7,664
other short term finances
hp & lease commitments	119,002	163,939	50,475	15,135	30,331	31,228	29,971	72,865
other current liabilities	196,526	207,958	176,002	165,298	92,025	58,206	77,291	33,771
total current liabilities	545,629	585,182	408,513	276,837	239,322	242,566	257,838	211,521	257,107	397,561	520,024	522,324	322,047	375,392	358,663
loans			48,133	50,000		10,000	30,000
hp & lease commitments			111,441	12,469	27,604	57,935	39,288	68,277
Accruals and Deferred Income
other liabilities									153,277	170,379	21,189	34,890
provisions	24,710	28,552	35,288	12,784	17,540	23,990	23,945	82,472	35,171	40,053	20,314	12,314	25,809	25,809	25,809
total long term liabilities	24,710	28,552	194,862	75,253	45,144	91,925	93,233	150,749	188,448	210,432	41,503	47,204	25,809	25,809	25,809
total liabilities	570,339	613,734	603,375	352,090	284,466	334,491	351,071	362,270	445,555	607,993	561,527	569,528	347,856	401,201	384,472
net assets	41,825	69,946	50,639	94,597	186,584	171,747	141,121	153,017	168,922	147,182	186,904	109,669	382,783	262,079	250,127
total shareholders funds	41,825	69,946	50,639	94,597	186,584	171,747	141,121	153,017	168,922	147,182	186,904	109,669	382,783	262,079	250,127

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-24,743	26,640	-41,001	-90,255	19,097	39,578	-10,683	-15,925	27,089	-40,065	99,907	-273,388	162,740	16,268	347,299
Depreciation	45,335	55,314	68,257	30,147	40,167	53,524	53,835	71,657	79,858	90,439	72,685	97,688	84,418	81,360	99,213
Amortisation	3,160	3,160		3,160	3,160	3,160	1,610	3,160	3,160	3,160	3,160	3,160	3,160	3,160	3,160
Tax		-4,528			-3,480	-7,184			-5,435		-23,070		-42,410	-4,648	-97,271
Stock	20,000	110,000	101,250										3,180	6,320	9,250
Debtors	-25,665	-56,047	37,459	-48,386	8,138	18,230	34,472	-73,736	-72,715	62,301	-10,169	-16,768	94,873	22,849	247,659
Creditors	15,548	-6,251	85,632	-12,729	-35,728	6,626	41,014	-159,886	-140,454	-122,463	-2,300	200,277	-53,345	16,729	358,663
Accruals and Deferred Income	-11,432	31,956	10,704	73,273	33,819	-19,085	43,520	33,771
Deferred Taxes & Provisions	-3,842	-6,736	22,504	-4,756	-6,450	45	-58,527	47,301	-4,882	19,739	8,000	-13,495			25,809
Cash flow from operations	29,691	45,602	7,387	47,226	42,447	58,434	36,297	53,814	32,051	-111,491	168,551	31,010	56,510	83,700	479,964
Investing Activities
capital expenditure	-15,306	-16,391	-179,340			-52,500	-3,033	-47,050	-43,900	-111,612	-104,143	-67,335	-95,693	-28,500	-441,453
Change in Investments
cash flow from investments	-15,306	-16,391	-179,340			-52,500	-3,033	-47,050	-43,900	-111,612	-104,143	-67,335	-95,693	-28,500	-441,453
Financing Activities
Bank loans	-10,028	37,500
Group/Directors Accounts				-120	-2,763	-433	-4,348	7,664
Other Short Term Loans
Long term loans		-48,133	-1,867	50,000	-10,000	-20,000	30,000
Hire Purchase and Lease Commitments	-44,937	2,023	134,312	-30,331	-31,228	19,904	-71,883	141,142
other long term liabilities								-153,277	-17,102	149,190	-13,701	34,890
share issue		2								1					2
interest	-3,378	-2,807	-2,957	-1,731	-780	-1,768	-1,214	20	86	342	399	274	374	332	97
cash flow from financing	-58,343	-11,415	129,488	17,818	-44,771	-2,297	-47,445	-4,451	-17,016	149,533	-13,302	35,164	374	332	99
cash and cash equivalents
cash	-32,662	17,796	-42,465	57,330	1		-5,155	2,313	-28,865	-73,570	51,105	-1,161	-38,809	55,532	38,610
overdraft	11,296			-7,713	2,325	-3,637	9,025
change in cash	-43,958	17,796	-42,465	65,043	-2,324	3,637	-14,180	2,313	-28,865	-73,570	51,105	-1,161	-38,809	55,532	38,610

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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W & K PRECISION ENGINEERING LIMITED group structure

W & K Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

W & K PRECISION ENGINEERING LIMITED

04795055

W & K PRECISION ENGINEERING LIMITED Shareholders

steven knaggs	40%
lee wade	40%
tracey knaggs	20%

W & K Precision Engineering Limited currently has 2 directors. The longest serving directors include Lee Wade (Jun 2003) and Mr Steven Knaggs (Jun 2003).

officer	country	age	start	end	role
Lee Wade	United Kingdom	50 years	Jun 2003	-	Director
Mr Steven Knaggs	United Kingdom	53 years	Jun 2003	-	Director

P&L

July 2023

turnover

1.6m

+4%

operating profit

-24.7k

gross margin

28.4%

+2.92%

turnover

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

Balance Sheet

July 2023

net assets

41.8k

-0.4%

total assets

612.2k

-0.1%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04795055

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

June 2003

ultimate parent company

None

previous names

N/A

address

unit 37, cranswick industrial estate, bev, driffield, east yorkshire, YO25 9QE

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w & k precision engineering limited Company Information

w & k precision engineering limited Estimated Valuation

w & k precision engineering limited Estimated Valuation

w & k precision engineering limited Estimated Valuation

W & K Precision Engineering Limited Overview

W & K Precision Engineering Limited Health Check

W & K PRECISION ENGINEERING LIMITED financials

w & k precision engineering limited Credit Report and Business Information

W & K Precision Engineering Limited Competitor Analysis

w & k precision engineering limited Ownership

w & k precision engineering limited directors

w & k precision engineering limited company details

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