at engine controls limited
at engine controls limited Company Information
Company Number
05087739
Next Accounts
Apr 2025
Shareholders
sareline holdings limited
Group Structure
View All
Industry
Manufacture of electronic components
Registered Address
units 10 & 11 shield drive, wardley industrial estate, worsley, manchester, M28 2QB
Website
www.atec.solutionsat engine controls limited Estimated Valuation
Pomanda estimates the enterprise value of AT ENGINE CONTROLS LIMITED at £4.2m based on a Turnover of £4.9m and 0.86x industry multiple (adjusted for size and gross margin).
at engine controls limited Estimated Valuation
Pomanda estimates the enterprise value of AT ENGINE CONTROLS LIMITED at £0 based on an EBITDA of £-250.8k and a 5.09x industry multiple (adjusted for size and gross margin).
at engine controls limited Estimated Valuation
Pomanda estimates the enterprise value of AT ENGINE CONTROLS LIMITED at £9.2m based on Net Assets of £4.1m and 2.23x industry multiple (adjusted for liquidity).
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At Engine Controls Limited Overview
At Engine Controls Limited is a live company located in worsley, M28 2QB with a Companies House number of 05087739. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in March 2004, it's largest shareholder is sareline holdings limited with a 100% stake. At Engine Controls Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with low growth in recent years.
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At Engine Controls Limited Health Check
Pomanda's financial health check has awarded At Engine Controls Limited a 2 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
1 Strong
4 Regular
7 Weak
Size
annual sales of £4.9m, make it smaller than the average company (£18.9m)
- At Engine Controls Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.9%)
- At Engine Controls Limited
5.9% - Industry AVG
Production
with a gross margin of 30.2%, this company has a comparable cost of product (30.2%)
- At Engine Controls Limited
30.2% - Industry AVG
Profitability
an operating margin of -6.3% make it less profitable than the average company (6.4%)
- At Engine Controls Limited
6.4% - Industry AVG
Employees
with 39 employees, this is below the industry average (88)
39 - At Engine Controls Limited
88 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- At Engine Controls Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £126.4k, this is less efficient (£175.8k)
- At Engine Controls Limited
£175.8k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (53 days)
- At Engine Controls Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (40 days)
- At Engine Controls Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 133 days, this is more than average (94 days)
- At Engine Controls Limited
94 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - At Engine Controls Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.4%, this is a lower level of debt than the average (45.5%)
25.4% - At Engine Controls Limited
45.5% - Industry AVG
AT ENGINE CONTROLS LIMITED financials
At Engine Controls Limited's latest turnover from July 2023 is estimated at £4.9 million and the company has net assets of £4.1 million. According to their latest financial statements, At Engine Controls Limited has 39 employees and maintains cash reserves of £61 thousand 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 | 6,329,706 | 6,118,014 | 7,615,652 | 8,181,871 | 9,731,672 | ||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,339,124 | 4,503,844 | |||||||||||||
| Gross Profit | 4,842,747 | 5,227,828 | |||||||||||||
| Admin Expenses | 2,721,298 | 4,173,971 | |||||||||||||
| Operating Profit | 1,922,660 | 1,141,806 | 1,198,551 | 2,121,449 | 1,053,857 | ||||||||||
| Interest Payable | 9,391 | ||||||||||||||
| Interest Receivable | 9,401 | 45,749 | 26,152 | 20,013 | 5,395 | ||||||||||
| Pre-Tax Profit | 643,854 | -411,770 | 1,224,703 | 2,141,462 | 1,049,861 | ||||||||||
| Tax | -153,491 | 119,442 | -341,565 | -592,310 | -297,053 | ||||||||||
| Profit After Tax | 490,363 | -292,328 | 883,138 | 1,549,152 | 752,808 | ||||||||||
| Dividends Paid | 2,000,000 | 1,980,000 | |||||||||||||
| Retained Profit | 490,363 | -2,292,328 | 883,138 | -430,848 | 752,808 | ||||||||||
| Employee Costs | 2,047,176 | 2,211,386 | 2,231,124 | 2,486,299 | 3,868,187 | ||||||||||
| Number Of Employees | 39 | 41 | 43 | 48 | 40 | 40 | 41 | 48 | 49 | 53 | 60 | 63 | 69 | ||
| EBITDA* | 1,999,827 | 1,236,383 | 1,307,189 | 2,252,389 | 1,185,354 |
* 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 | 227,040 | 236,650 | 217,760 | 186,806 | 209,934 | 256,448 | 286,359 | 270,078 | 281,145 | 257,594 | 280,457 | 349,236 | 419,619 | 520,577 | 629,812 |
| Intangible Assets | 4,000 | 10,000 | 16,000 | 22,000 | 28,000 | ||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 94,400 | 94,400 | 188,800 | 94,400 | 188,800 | 94,400 | |||||||||
| Total Fixed Assets | 321,440 | 331,050 | 410,560 | 291,206 | 414,734 | 372,848 | 314,359 | 270,078 | 281,145 | 257,594 | 280,457 | 349,236 | 419,619 | 520,577 | 629,812 |
| Stock & work in progress | 1,257,351 | 1,044,323 | 1,635,466 | 1,329,585 | 1,217,932 | 1,500,208 | 1,007,165 | 1,189,828 | 618,052 | 552,290 | 623,356 | 747,316 | 861,852 | 1,471,784 | 1,590,137 |
| Trade Debtors | 856,947 | 278,535 | 397,112 | 684,544 | 2,509,327 | 640,309 | 563,135 | 714,731 | 995,404 | 1,070,385 | 1,288,802 | 771,530 | 856,238 | 956,459 | 1,294,087 |
| Group Debtors | 2,841,016 | 2,738,352 | 2,044,601 | 1,530,594 | 3,202,028 | ||||||||||
| Misc Debtors | 172,911 | 149,522 | 200,057 | 243,995 | 569,649 | 122,989 | 118,844 | 852,257 | 69,597 | 206,167 | 122,827 | 191,636 | 147,428 | ||
| Cash | 60,953 | 558,996 | 331,001 | 311,423 | 935,141 | 2,478,251 | 1,744,193 | 335,832 | 3,612,073 | 2,940,891 | 1,944,953 | 4,002,912 | 4,649,329 | 4,715,884 | 2,819,610 |
| misc current assets | |||||||||||||||
| total current assets | 5,189,178 | 4,769,728 | 4,608,237 | 4,100,141 | 5,232,049 | 4,741,757 | 3,433,337 | 6,294,676 | 5,225,529 | 4,563,566 | 3,926,708 | 5,727,925 | 6,490,246 | 7,335,763 | 5,851,262 |
| total assets | 5,510,618 | 5,100,778 | 5,018,797 | 4,391,347 | 5,646,783 | 5,114,605 | 3,747,696 | 6,564,754 | 5,506,674 | 4,821,160 | 4,207,165 | 6,077,161 | 6,909,865 | 7,856,340 | 6,481,074 |
| Bank overdraft | 496,305 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 350,621 | 52,148 | 193,083 | 104,454 | 247,552 | 316,735 | 103,416 | 115,753 | 1,084,738 | 1,928,630 | 185,144 | 199,701 | 170,442 | 305,020 | 288,603 |
| Group/Directors Accounts | 340 | 290 | 728,053 | 929,701 | 29,345 | 2,000,000 | 742,500 | 1,980,000 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 321,108 | 337,108 | 668,099 | 389,349 | 1,049,362 | 523,412 | 560,826 | 726,876 | 1,541,150 | 1,880,385 | 1,702,650 | 2,149,869 | 2,341,730 | ||
| total current liabilities | 1,168,374 | 389,546 | 861,182 | 493,803 | 2,024,967 | 1,769,848 | 693,587 | 842,629 | 1,084,738 | 1,928,630 | 1,726,294 | 4,080,086 | 2,615,592 | 4,434,889 | 2,630,333 |
| loans | 34,051 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 183,557 | 191,030 | |||||||||||||
| provisions | 47,223 | 47,884 | 40,769 | 25,593 | 24,928 | 30,859 | 32,153 | 20,089 | 27,377 | 16,641 | 18,769 | 25,336 | 30,206 | 40,522 | 38,964 |
| total long term liabilities | 230,780 | 272,965 | 40,769 | 25,593 | 24,928 | 30,859 | 32,153 | 20,089 | 27,377 | 16,641 | 18,769 | 25,336 | 30,206 | 40,522 | 38,964 |
| total liabilities | 1,399,154 | 662,511 | 901,951 | 519,396 | 2,049,895 | 1,800,707 | 725,740 | 862,718 | 1,112,115 | 1,945,271 | 1,745,063 | 4,105,422 | 2,645,798 | 4,475,411 | 2,669,297 |
| net assets | 4,111,464 | 4,438,267 | 4,116,846 | 3,871,951 | 3,596,888 | 3,313,898 | 3,021,956 | 5,702,036 | 4,394,559 | 2,875,889 | 2,462,102 | 1,971,739 | 4,264,067 | 3,380,929 | 3,811,777 |
| total shareholders funds | 4,111,464 | 4,438,267 | 4,116,846 | 3,871,951 | 3,596,888 | 3,313,898 | 3,021,956 | 5,702,036 | 4,394,559 | 2,875,889 | 2,462,102 | 1,971,739 | 4,264,067 | 3,380,929 | 3,811,777 |
| 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 | 1,922,660 | 1,141,806 | 1,198,551 | 2,121,449 | 1,053,857 | ||||||||||
| Depreciation | 62,378 | 41,239 | 94,252 | 88,256 | 102,967 | 127,016 | 91,361 | 101,220 | 65,214 | 66,635 | 77,167 | 94,577 | 108,638 | 126,128 | 126,685 |
| Amortisation | 4,000 | 6,000 | 6,000 | 6,000 | 6,000 | 2,000 | 6,250 | 4,812 | 4,812 | ||||||
| Tax | -153,491 | 119,442 | -341,565 | -592,310 | -297,053 | ||||||||||
| Stock | 213,028 | -591,143 | 305,881 | 111,653 | -282,276 | 493,043 | -182,663 | 571,776 | 65,762 | -71,066 | -123,960 | -114,536 | -609,932 | -118,353 | 1,590,137 |
| Debtors | 704,465 | 430,239 | 277,037 | -714,243 | 2,410,078 | 175,719 | -4,087,037 | 3,773,612 | -74,981 | -288,014 | 380,702 | -1,368 | -169,030 | -293,420 | 1,441,515 |
| Creditors | 298,473 | -140,935 | 88,629 | -143,098 | -69,183 | 213,319 | -12,337 | -968,985 | -843,892 | 1,743,486 | -14,557 | 29,259 | -134,578 | 16,417 | 288,603 |
| Accruals and Deferred Income | -16,000 | -330,991 | 278,750 | -660,013 | 525,950 | -37,414 | -166,050 | 726,876 | -1,541,150 | -339,235 | 177,735 | -447,219 | -191,861 | 2,341,730 | |
| Deferred Taxes & Provisions | -661 | 7,115 | 15,176 | 665 | -5,931 | -1,294 | 12,064 | -7,288 | 10,736 | -2,128 | -6,567 | -4,870 | -10,316 | 1,558 | 38,964 |
| Cash flow from operations | 1,229,235 | 1,673,853 | 1,152,473 | 1,897,966 | 525,946 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -8,387 | -24,194 | -7,680 | -16,893 | -304,506 | ||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -8,387 | -24,194 | -7,680 | -16,893 | -304,506 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 50 | 290 | -728,053 | -201,648 | 900,356 | 29,345 | -2,000,000 | 1,257,500 | -1,237,500 | 1,980,000 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -34,051 | 34,051 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -7,473 | 191,030 | |||||||||||||
| share issue | |||||||||||||||
| interest | 9,401 | 45,749 | 26,152 | 20,013 | -3,996 | ||||||||||
| cash flow from financing | -1,990,599 | 1,303,249 | -1,211,348 | 2,000,013 | 3,054,973 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -498,043 | 227,995 | 19,578 | -623,718 | -1,543,110 | 734,058 | 1,408,361 | -3,276,241 | 671,182 | 995,938 | -2,057,959 | -646,417 | -66,555 | 1,896,274 | 2,819,610 |
| overdraft | 496,305 | ||||||||||||||
| change in cash | -994,348 | 227,995 | 19,578 | -623,718 | -1,543,110 | 734,058 | 1,408,361 | -3,276,241 | 671,182 | 995,938 | -2,057,959 | -646,417 | -66,555 | 1,896,274 | 2,819,610 |
at engine controls limited Credit Report and Business Information
At Engine Controls Limited Competitor Analysis
Perform a competitor analysis for at engine controls limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M28 area or any other competitors across 12 key performance metrics.
at engine controls limited Ownership
AT ENGINE CONTROLS LIMITED group structure
At Engine Controls Limited has no subsidiary companies.
Ultimate parent company
2 parents
AT ENGINE CONTROLS LIMITED
05087739
at engine controls limited directors
At Engine Controls Limited currently has 4 directors. The longest serving directors include Mrs Andrea Hough (Jul 2004) and Mr John Bowden (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Andrea Hough | 63 years | Jul 2004 | - | Director | |
| Mr John Bowden | United Kingdom | 46 years | Oct 2014 | - | Director |
| Mr John Morris | 72 years | Aug 2019 | - | Director | |
| Mr Mark Poole | United Kingdom | 58 years | Jan 2021 | - | Director |
P&L
July 2023turnover
4.9m
+60%
operating profit
-313.1k
0%
gross margin
30.2%
-1.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
4.1m
-0.07%
total assets
5.5m
+0.08%
cash
61k
-0.89%
net assets
Total assets minus all liabilities
at engine controls limited company details
company number
05087739
Type
Private limited with Share Capital
industry
26110 - Manufacture of electronic components
incorporation date
March 2004
age
21
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
July 2023
previous names
bondco 1069 limited (July 2004)
accountant
MHA
auditor
-
address
units 10 & 11 shield drive, wardley industrial estate, worsley, manchester, M28 2QB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
at engine controls 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 8 charges/mortgages relating to at engine controls limited. Currently there are 5 open charges and 3 have been satisfied in the past.
at engine controls limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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at engine controls limited Companies House Filings - See Documents
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