Protocol Engineering Limited

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protocol engineering limited Company Information

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MatureSmallHealthy

Company Number

05044164

Website

www.protocol-engineering.co.uk

Registered Address

17 stanelaw way, tanfield lea industrial estate, stanley, county durham, DH9 9XB

Industry

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

Telephone

01207290052

Next Accounts Due

February 2026

Group Structure

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Directors

Ann Urquhart20 Years

Shareholders

a. urquhart 100%

protocol engineering limited Estimated Valuation

£289.3k

Pomanda estimates the enterprise value of PROTOCOL ENGINEERING LIMITED at £289.3k based on a Turnover of £629.8k and 0.46x industry multiple (adjusted for size and gross margin).

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Protocol Engineering Limited is a live company located in stanley, DH9 9XB with a Companies House number of 05044164. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 2004, it's largest shareholder is a. urquhart with a 100% stake. Protocol Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £629.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded Protocol Engineering Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £629.8k, make it smaller than the average company (£13.8m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.7%)

EXPORT

Protocol Engineering Limited's latest turnover from May 2024 is estimated at £629.8 thousand and the company has net assets of £141.1 thousand. According to their latest financial statements, Protocol Engineering Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	629,828	457,687	506,467	532,834	436,308	421,376	353,195	179,838	113,560	137,135	177,380	199,401	160,730	186,868	126,640
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	485,720	362,283	401,662	432,917	345,599	332,601	277,227	140,286	88,623	107,061	139,815	158,149	126,432	148,005	100,050
Gross Profit	144,108	95,404	104,806	99,917	90,709	88,775	75,968	39,551	24,937	30,075	37,566	41,252	34,298	38,863	26,590
Admin Expenses	120,469	96,309	107,571	61,686	62,742	53,540	65,579	46,338	50,803	63,281	27,587	29,923	16,600	9,595	-41,940
Operating Profit	23,639	-905	-2,765	38,231	27,967	35,235	10,389	-6,787	-25,866	-33,206	9,979	11,329	17,698	29,268	68,530
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	53	239	236	230	276	219	160	89
Pre-Tax Profit	23,639	-905	-2,765	38,231	27,967	35,235	10,389	-6,734	-25,627	-32,970	10,209	11,605	17,917	29,428	68,619
Tax	-5,910	0	0	-7,264	-5,314	-6,695	-1,974	0	0	0	-2,144	-2,669	-4,300	-7,651	-19,213
Profit After Tax	17,729	-905	-2,765	30,967	22,653	28,540	8,415	-6,734	-25,627	-32,970	8,065	8,936	13,617	21,777	49,406
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	17,729	-905	-2,765	30,967	22,653	28,540	8,415	-6,734	-25,627	-32,970	8,065	8,936	13,617	21,777	49,406
Employee Costs	206,702	192,197	182,015	176,416	178,917	173,937	67,528	33,048	32,313	31,669	31,212	61,696	30,541	58,866	28,937
Number Of Employees	5	5	5	5	5	5	2	1	1	1	1	2	1	2	1
EBITDA*	23,639	-905	-2,765	38,231	27,967	35,235	10,389	-6,787	-13,971	-19,470	19,837	22,754	32,782	44,312	78,118

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	64,879	76,328	72,739	58,636	47,179	52,210	53,481	50,854	61,288	72,495	86,231	61,832	73,257	56,592	71,185
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	64,879	76,328	72,739	58,636	47,179	52,210	53,481	50,854	61,288	72,495	86,231	61,832	73,257	56,592	71,185
Stock & work in progress	0	0	0	0	0	0	0	0	3,042	2,770	2,241	2,135	2,399	1,983	1,889
Trade Debtors	179,011	129,351	161,956	188,479	120,952	109,357	88,319	59,632	39,091	44,833	67,399	71,413	58,016	75,638	45,818
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	0	0
Cash	0	0	0	0	0	0	0	0	42,105	53,650	40,863	51,212	59,095	28,552	35,597
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	179,011	129,351	161,956	188,479	120,952	109,357	88,319	59,632	84,238	101,253	110,503	124,760	119,510	106,173	83,304
total assets	243,890	205,679	234,695	247,115	168,131	161,567	141,800	110,486	145,526	173,748	196,734	186,592	192,767	162,765	154,489
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	90,355	58,971	77,162	70,070	72,053	86,668	92,023	18,827	33,543	42,659	37,177	47,227	44,687	43,187	26,869
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	90,355	58,971	77,162	70,070	72,053	86,668	92,023	18,827	33,543	42,659	37,177	47,227	44,687	43,187	26,869
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	12,431	23,333	33,253	50,000	0	1,474	4,892	55,189	68,773	62,252	57,750	45,623	63,274	48,389	78,208
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	12,431	23,333	33,253	50,000	0	1,474	4,892	55,189	68,773	62,252	57,750	45,623	63,274	48,389	78,208
total liabilities	102,786	82,304	110,415	120,070	72,053	88,142	96,915	74,016	102,316	104,911	94,927	92,850	107,961	91,576	105,077
net assets	141,104	123,375	124,280	127,045	96,078	73,425	44,885	36,470	43,210	68,837	101,807	93,742	84,806	71,189	49,412
total shareholders funds	141,104	123,375	124,280	127,045	96,078	73,425	44,885	36,470	43,210	68,837	101,807	93,742	84,806	71,189	49,412

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	23,639	-905	-2,765	38,231	27,967	35,235	10,389	-6,787	-25,866	-33,206	9,979	11,329	17,698	29,268	68,530
Depreciation	0	0	0	0	0	0	0	0	11,895	13,736	9,858	11,425	15,084	15,044	9,588
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,910	0	0	-7,264	-5,314	-6,695	-1,974	0	0	0	-2,144	-2,669	-4,300	-7,651	-19,213
Stock	0	0	0	0	0	0	0	-3,042	272	529	106	-264	416	94	1,889
Debtors	49,660	-32,605	-26,523	67,527	11,595	21,038	28,687	20,541	-5,742	-22,566	-4,014	13,397	-17,622	29,820	45,818
Creditors	31,384	-18,191	7,092	-1,983	-14,615	-5,355	73,196	-14,716	-9,116	5,482	-10,050	2,540	1,500	16,318	26,869
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-547	13,509	30,850	-38,543	-3,557	2,147	52,924	-39,002	-17,617	8,049	11,551	9,492	47,188	23,065	38,067
Investing Activities
capital expenditure	11,449	-3,589	-14,103	-11,457	5,031	1,271	-2,627	10,434	-688	0	-34,257	0	-31,749	-451	-80,773
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	11,449	-3,589	-14,103	-11,457	5,031	1,271	-2,627	10,434	-688	0	-34,257	0	-31,749	-451	-80,773
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	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,902	-9,920	-16,747	50,000	-1,474	-3,418	-50,297	-13,584	6,521	4,502	12,127	-17,651	14,885	-29,819	78,208
share issue	0	0	0	0	0	0	0	-6	0	0	0	0	0	0	6
interest	0	0	0	0	0	0	0	53	239	236	230	276	219	160	89
cash flow from financing	-10,902	-9,920	-16,747	50,000	-1,474	-3,418	-50,297	-13,537	6,760	4,738	12,357	-17,375	15,104	-29,659	78,303
cash and cash equivalents
cash	0	0	0	0	0	0	0	-42,105	-11,545	12,787	-10,349	-7,883	30,543	-7,045	35,597
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-42,105	-11,545	12,787	-10,349	-7,883	30,543	-7,045	35,597

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROTOCOL ENGINEERING LIMITED group structure

Protocol Engineering Limited has no subsidiary companies.

Ultimate parent company

PROTOCOL ENGINEERING LIMITED

05044164

PROTOCOL ENGINEERING LIMITED Shareholders

a. urquhart

100%

Protocol Engineering Limited currently has 1 director, Ms Ann Urquhart serving since Feb 2004.

officer	country	age	start	end	role
Ms Ann Urquhart		73 years	Feb 2004	-	Director

P&L

May 2024

turnover

629.8k

+38%

operating profit

23.6k

gross margin

22.9%

+9.77%

turnover

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

Balance Sheet

May 2024

net assets

141.1k

+0.14%

total assets

243.9k

+0.19%

cash

net assets

Total assets minus all liabilities

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company number

05044164

Type

Private limited with Share Capital

industry

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

incorporation date

February 2004

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2024

address

17 stanelaw way, tanfield lea industrial estate, stanley, county durham, DH9 9XB

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 did not find charges/mortgages relating to protocol engineering limited.

protocol engineering limited Company Information

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protocol engineering limited Estimated Valuation

protocol engineering limited Estimated Valuation

Protocol Engineering Limited Overview

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