british engineering services asset reliability limited
british engineering services asset reliability limited Company Information
Company Number
04939870
Website
http://pcmseng.co.ukRegistered Address
british engineering services, unit 718 eddington way, warrington, WA3 6BA
Industry
Engineering related scientific and technical consulting activities
Telephone
01709876712
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
british engineering services holdco limited 100%
british engineering services asset reliability limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH ENGINEERING SERVICES ASSET RELIABILITY LIMITED at £1.7m based on a Turnover of £3.2m and 0.52x industry multiple (adjusted for size and gross margin).
british engineering services asset reliability limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH ENGINEERING SERVICES ASSET RELIABILITY LIMITED at £2.7m based on an EBITDA of £527k and a 5.16x industry multiple (adjusted for size and gross margin).
british engineering services asset reliability limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH ENGINEERING SERVICES ASSET RELIABILITY LIMITED at £5m based on Net Assets of £1.9m and 2.63x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
British Engineering Services Asset Reliability Limited Overview
British Engineering Services Asset Reliability Limited is a live company located in warrington, WA3 6BA with a Companies House number of 04939870. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in October 2003, it's largest shareholder is british engineering services holdco limited with a 100% stake. British Engineering Services Asset Reliability Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with rapid growth in recent years.
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British Engineering Services Asset Reliability Limited Health Check
Pomanda's financial health check has awarded British Engineering Services Asset Reliability Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
5 Regular
1 Weak
Size
annual sales of £3.2m, make it larger than the average company (£2.1m)
£3.2m - British Engineering Services Asset Reliability Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (2.7%)
- British Engineering Services Asset Reliability Limited
2.7% - Industry AVG
Production
with a gross margin of 33.9%, this company has a comparable cost of product (35%)
33.9% - British Engineering Services Asset Reliability Limited
35% - Industry AVG
Profitability
an operating margin of 13.9% make it more profitable than the average company (5.8%)
13.9% - British Engineering Services Asset Reliability Limited
5.8% - Industry AVG
Employees
with 38 employees, this is above the industry average (20)
38 - British Engineering Services Asset Reliability Limited
20 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has a lower pay structure (£54.7k)
£41.1k - British Engineering Services Asset Reliability Limited
£54.7k - Industry AVG
Efficiency
resulting in sales per employee of £85.3k, this is equally as efficient (£96k)
£85.3k - British Engineering Services Asset Reliability Limited
£96k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (75 days)
104 days - British Engineering Services Asset Reliability Limited
75 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is close to average (21 days)
23 days - British Engineering Services Asset Reliability Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is in line with average (31 days)
28 days - British Engineering Services Asset Reliability Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (15 weeks)
17 weeks - British Engineering Services Asset Reliability Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.3%, this is a lower level of debt than the average (55.9%)
28.3% - British Engineering Services Asset Reliability Limited
55.9% - Industry AVG
BRITISH ENGINEERING SERVICES ASSET RELIABILITY LIMITED financials
British Engineering Services Asset Reliability Limited's latest turnover from December 2022 is £3.2 million and the company has net assets of £1.9 million. According to their latest financial statements, British Engineering Services Asset Reliability Limited has 38 employees and maintains cash reserves of £256 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,242,000 | 2,643,000 | 3,379,000 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 2,142,000 | 1,989,000 | 1,838,000 | |||||||||||
| Gross Profit | 1,100,000 | 654,000 | 1,541,000 | |||||||||||
| Admin Expenses | 648,000 | 348,000 | 963,000 | |||||||||||
| Operating Profit | 452,000 | 306,000 | 578,000 | |||||||||||
| Interest Payable | 0 | 3,000 | 3,000 | |||||||||||
| Interest Receivable | 3,000 | 0 | 0 | |||||||||||
| Pre-Tax Profit | 455,000 | 303,000 | 575,000 | |||||||||||
| Tax | -71,000 | -54,000 | -123,000 | |||||||||||
| Profit After Tax | 384,000 | 249,000 | 452,000 | |||||||||||
| Dividends Paid | 0 | 0 | 194,000 | |||||||||||
| Retained Profit | 384,000 | 249,000 | 258,000 | |||||||||||
| Employee Costs | 1,560,000 | 1,768,000 | 1,441,000 | |||||||||||
| Number Of Employees | 38 | 27 | 47 | 22 | 20 | 23 | ||||||||
| EBITDA* | 527,000 | 467,000 | 646,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 56,000 | 73,000 | 230,000 | 135,681 | 128,699 | 140,819 | 145,047 | 117,894 | 134,892 | 158,454 | 121,793 | 52,172 | 50,632 | 35,271 |
| Intangible Assets | 0 | 0 | 350,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 976,000 | 976,000 | 0 | 976,356 | 378,551 | 378,551 | 304,317 | 261,082 | 216,480 | 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 | 1,032,000 | 1,049,000 | 580,000 | 1,112,037 | 507,250 | 519,370 | 449,364 | 378,976 | 351,372 | 158,454 | 121,793 | 52,172 | 50,632 | 35,271 |
| Stock & work in progress | 165,000 | 0 | 18,000 | 16,309 | 24,341 | 13,922 | 14,336 | 15,543 | 37,827 | 89,337 | 125,031 | 35,374 | 16,953 | 10,048 |
| Trade Debtors | 928,000 | 657,000 | 671,000 | 228,464 | 244,079 | 329,069 | 305,199 | 349,198 | 398,156 | 326,291 | 396,517 | 300,285 | 198,477 | 182,195 |
| Group Debtors | 126,000 | 0 | 0 | 40,492 | 235,507 | 122,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 125,000 | 0 | 87,000 | 18,014 | 23,806 | 28,119 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 256,000 | 150,000 | 221,000 | 76,843 | 449,549 | 235,295 | 419,812 | 460,446 | 241,646 | 304,812 | 265,741 | 422,798 | 319,534 | 112,929 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,600,000 | 807,000 | 997,000 | 380,122 | 977,282 | 729,116 | 739,347 | 825,187 | 677,629 | 720,440 | 787,289 | 758,457 | 534,964 | 305,172 |
| total assets | 2,632,000 | 1,856,000 | 1,577,000 | 1,492,159 | 1,484,532 | 1,248,486 | 1,188,711 | 1,204,163 | 1,029,001 | 878,894 | 909,082 | 810,629 | 585,596 | 340,443 |
| 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 | 0 | 0 | 0 | 0 |
| Trade Creditors | 137,000 | 33,000 | 173,000 | 103,117 | 60,237 | 36,424 | 200,070 | 313,198 | 376,749 | 342,287 | 432,163 | 448,771 | 411,623 | 219,765 |
| Group/Directors Accounts | 290,000 | 86,000 | 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 |
| hp & lease commitments | 15,000 | 28,000 | 36,000 | 12,646 | 12,734 | 12,302 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 298,000 | 178,000 | 439,000 | 238,363 | 140,660 | 167,544 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 740,000 | 325,000 | 648,000 | 354,126 | 213,631 | 216,270 | 200,070 | 313,198 | 376,749 | 342,287 | 432,163 | 448,771 | 411,623 | 219,765 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,000 | 15,000 | 48,000 | 18,757 | 21,261 | 33,994 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 26,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,000 | 13,000 | 42,000 | 24,959 | 20,204 | 24,332 | 25,828 | 19,204 | 22,277 | 28,149 | 18,528 | 9,550 | 8,775 | 2,343 |
| total long term liabilities | 5,000 | 28,000 | 90,000 | 43,716 | 41,465 | 58,326 | 52,553 | 19,204 | 22,277 | 28,149 | 18,528 | 9,550 | 8,775 | 2,343 |
| total liabilities | 745,000 | 353,000 | 738,000 | 397,842 | 255,096 | 274,596 | 252,623 | 332,402 | 399,026 | 370,436 | 450,691 | 458,321 | 420,398 | 222,108 |
| net assets | 1,887,000 | 1,503,000 | 839,000 | 1,094,317 | 1,229,436 | 973,890 | 936,088 | 871,761 | 629,975 | 508,458 | 458,391 | 352,308 | 165,198 | 118,335 |
| total shareholders funds | 1,887,000 | 1,503,000 | 839,000 | 1,094,317 | 1,229,436 | 973,890 | 936,088 | 871,761 | 629,975 | 508,458 | 458,391 | 352,308 | 165,198 | 118,335 |
| Dec 2022 | Dec 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 452,000 | 306,000 | 578,000 | |||||||||||
| Depreciation | 75,000 | 161,000 | 68,000 | 29,193 | 17,747 | 40,088 | 31,714 | 26,145 | 30,067 | 35,676 | 26,516 | 17,393 | 16,880 | 11,776 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -71,000 | -54,000 | -123,000 | |||||||||||
| Stock | 165,000 | -18,000 | 1,691 | -8,032 | 10,419 | -414 | -1,207 | -22,284 | -51,510 | -35,694 | 89,657 | 18,421 | 6,905 | 10,048 |
| Debtors | 522,000 | -101,000 | 471,030 | -216,422 | 23,493 | 174,700 | -43,999 | -48,958 | 71,865 | -70,226 | 96,232 | 101,808 | 16,282 | 182,195 |
| Creditors | 104,000 | -140,000 | 69,883 | 42,880 | 23,813 | -163,646 | -113,128 | -63,551 | 34,462 | -89,876 | -16,608 | 37,148 | 191,858 | 219,765 |
| Accruals and Deferred Income | 120,000 | -261,000 | 200,637 | 97,703 | -26,884 | 167,544 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -10,000 | -29,000 | 17,041 | 4,755 | -4,128 | -1,496 | 6,624 | -3,073 | -5,872 | 9,621 | 8,978 | 775 | 6,432 | 2,343 |
| Cash flow from operations | -17,000 | 102,000 | 337,840 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | |||||||||||||
| Change in Investments | 0 | 976,000 | -976,356 | 597,805 | 0 | 74,234 | 43,235 | 44,602 | 216,480 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 976,356 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 204,000 | 86,000 | 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 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -26,000 | -41,000 | 52,597 | -2,592 | -12,301 | 46,296 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -26,725 | 26,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 3,000 | -3,000 | -3,000 | |||||||||||
| cash flow from financing | 181,000 | 457,000 | -463,720 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 106,000 | -71,000 | 144,157 | -372,706 | 214,254 | -184,517 | -40,634 | 218,800 | -63,166 | 39,071 | -157,057 | 103,264 | 206,605 | 112,929 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 106,000 | -71,000 | 144,157 | -372,706 | 214,254 | -184,517 | -40,634 | 218,800 | -63,166 | 39,071 | -157,057 | 103,264 | 206,605 | 112,929 |
british engineering services asset reliability limited Credit Report and Business Information
British Engineering Services Asset Reliability Limited Competitor Analysis
Perform a competitor analysis for british engineering services asset reliability limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
british engineering services asset reliability limited Ownership
BRITISH ENGINEERING SERVICES ASSET RELIABILITY LIMITED group structure
British Engineering Services Asset Reliability Limited has 4 subsidiary companies.
Ultimate parent company
INFLEXION BUYOUT V INVESTMENTS LP
#0114100
2 parents
BRITISH ENGINEERING SERVICES ASSET RELIABILITY LIMITED
04939870
4 subsidiaries
british engineering services asset reliability limited directors
British Engineering Services Asset Reliability Limited currently has 3 directors. The longest serving directors include Mr James Reeves (May 2022) and Mr Walter Rowe (Jun 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Reeves | United Kingdom | 48 years | May 2022 | - | Director |
| Mr Walter Rowe | United Kingdom | 43 years | Jun 2023 | - | Director |
| Mr John Lennox | United Kingdom | 63 years | Jun 2023 | - | Director |
P&L
December 2022turnover
3.2m
+23%
operating profit
452k
+48%
gross margin
34%
+37.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.9m
+0.26%
total assets
2.6m
+0.42%
cash
256k
+0.71%
net assets
Total assets minus all liabilities
british engineering services asset reliability limited company details
company number
04939870
Type
Private limited with Share Capital
industry
71122 - Engineering related scientific and technical consulting activities
incorporation date
October 2003
age
21
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
practice care maintenance services ltd (November 2022)
incorporated
UK
address
british engineering services, unit 718 eddington way, warrington, WA3 6BA
last accounts submitted
December 2022
british engineering services asset reliability 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 4 charges/mortgages relating to british engineering services asset reliability limited. Currently there are 2 open charges and 2 have been satisfied in the past.
british engineering services asset reliability limited Companies House Filings - See Documents
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