Dowse Engineering Limited

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dowse engineering limited Company Information

Live

EstablishedSmallRapid

Company Number

05465506

Website

www.dowse-engineering.com

Registered Address

10 barton road, bletchley, milton keynes, MK2 3JD

Industry

Machining

Telephone

01908277207

Next Accounts Due

July 2024

Group Structure

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Directors

Trevor Dowse18 Years

Stephen Walker12 Years

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Shareholders

trevor james dowse 50%

carolyn jane dowse 50%

dowse engineering limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of DOWSE ENGINEERING LIMITED at £1.2m based on a Turnover of £3.2m and 0.39x industry multiple (adjusted for size and gross margin).

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Dowse Engineering Limited is a live company located in milton keynes, MK2 3JD with a Companies House number of 05465506. It operates in the machining sector, SIC Code 25620. Founded in May 2005, it's largest shareholder is trevor james dowse with a 50% stake. Dowse Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Dowse Engineering Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£8.9m)

Growth

3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (-2.8%)

EXPORT

Dowse Engineering Limited's latest turnover from October 2022 is estimated at £3.2 million and the company has net assets of £489.7 thousand. According to their latest financial statements, Dowse Engineering Limited has 22 employees and maintains cash reserves of £180.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 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	3,161,126	2,831,540	3,077,666	1,103,475	1,147,489	2,216,917	1,596,769	484,661	614,406	830,289	787,843	1,008,346	229,618	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,637,130	2,345,563	2,425,661	870,153	891,122	1,158,265	924,582	373,201	475,832	638,959	616,663	776,894	176,818	0
Gross Profit	523,996	485,977	652,005	233,321	256,366	1,058,652	672,187	111,460	138,574	191,330	171,180	231,453	52,800	0
Admin Expenses	557,325	342,962	759,181	211,839	195,353	648,655	547,483	128,131	149,433	227,750	75,084	183,986	19,748	-1,245
Operating Profit	-33,329	143,015	-107,176	21,482	61,013	409,997	124,704	-16,671	-10,859	-36,420	96,096	47,467	33,052	1,245
Interest Payable	0	0	4,441	4,914	0	97,415	141,399	8,367	9,942	5,779	0	1,299	2,843	1,544
Interest Receivable	10,748	470	162	1,491	1,663	0	0	280	403	418	296	406	275	41
Pre-Tax Profit	-22,581	143,485	-111,455	18,059	62,677	312,582	-16,695	-24,758	-20,398	-41,781	96,392	46,574	30,485	-258
Tax	0	-27,262	0	-3,431	-11,909	-2,350	146,064	0	0	0	-23,134	-12,109	-8,536	0
Profit After Tax	-22,581	116,223	-111,455	14,628	50,768	310,232	129,369	-24,758	-20,398	-41,781	73,258	34,465	21,949	-258
Dividends Paid	0	0	0	0	0	40,000	0	0	0	0	0	0	0	0
Retained Profit	-22,581	116,223	-111,455	14,628	50,768	270,232	129,369	-24,758	-20,398	-41,781	73,258	34,465	21,949	-258
Employee Costs	902,161	860,200	853,525	514,215	494,125	427,291	450,856	140,270	138,569	168,556	170,152	229,046	64,936	0
Number Of Employees	22	22	22	14	14	12	13	4	4	5	5	7	2	0
EBITDA*	237,217	714,601	235,737	21,482	328,891	689,621	124,704	255,292	151,496	61,752	185,275	185,581	68,383	30,897

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 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	1,459,045	1,868,316	1,878,902	1,872,799	1,484,543	1,549,317	1,190,140	1,212,523	1,084,489	915,949	461,510	737,331	177,782	145,814
Intangible Assets	0	0	0	0	0	0	0	0	3,000	6,000	9,000	12,000	15,000	18,000
Investments & Other	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
Total Fixed Assets	1,459,045	1,868,316	1,878,902	1,872,799	1,484,543	1,549,317	1,190,140	1,212,523	1,087,489	921,949	470,510	749,331	192,782	163,814
Stock & work in progress	836,629	324,805	390,405	172,445	48,640	152,220	150,151	31,661	28,161	25,751	21,230	28,532	2,000	9,001
Trade Debtors	710,573	560,724	711,127	392,995	447,824	396,892	281,707	159,275	197,363	277,218	217,819	302,080	46,804	97,407
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	8,251	7,569	5,218	5,218	5,218	32,323	0	0	0	0	0
Cash	180,310	775,036	165,221	157,822	239,815	203,757	118,943	68,512	43,673	117,472	49,698	68,798	93,721	16,369
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,727,512	1,660,565	1,266,753	731,513	743,848	758,087	556,019	264,666	301,520	420,441	288,747	399,410	142,525	122,777
total assets	3,186,557	3,528,881	3,145,655	2,604,312	2,228,391	2,307,404	1,746,159	1,477,189	1,389,009	1,342,390	759,257	1,148,741	335,307	286,591
Bank overdraft	0	0	0	0	0	0	0	129,386	128,071	177,827	0	0	8,922	10,000
Bank loan	0	0	0	27,996	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,656,427	1,665,698	1,485,514	142,670	163,611	121,593	151,530	97,286	159,013	194,831	342,077	448,040	159,687	144,407
Group/Directors Accounts	0	0	0	352	180	5,534	13,661	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	0	407,117	376,621	339,306	257,672	268,453	208,607	253,782	0	0	41,974	36,009
other current liabilities	0	0	0	487,457	546,824	462,126	399,913	55,693	125,179	0	0	0	0	0
total current liabilities	1,656,427	1,665,698	1,485,514	1,065,592	1,087,236	928,559	822,776	550,818	620,870	626,440	342,077	448,040	210,583	190,416
loans	0	0	0	117,604	0	0	0	0	0	0	0	0	31,051	37,500
hp & lease commitments	0	0	0	913,638	648,305	934,413	751,533	737,826	544,804	529,421	0	0	48,756	43,902
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,040,465	1,350,937	1,264,118	0	0	0	0	0	49,178	0	218,398	583,175	0	0
provisions	0	0	0	0	0	2,350	0	146,064	106,918	98,892	69,364	61,366	23,224	15,029
total long term liabilities	1,040,465	1,350,937	1,264,118	1,031,242	648,305	936,763	751,533	883,890	700,900	628,313	287,762	644,541	103,031	96,431
total liabilities	2,696,892	3,016,635	2,749,632	2,096,834	1,735,541	1,865,322	1,574,309	1,434,708	1,321,770	1,254,753	629,839	1,092,581	313,614	286,847
net assets	489,665	512,246	396,023	507,478	492,850	442,082	171,850	42,481	67,239	87,637	129,418	56,160	21,693	-256
total shareholders funds	489,665	512,246	396,023	507,478	492,850	442,082	171,850	42,481	67,239	87,637	129,418	56,160	21,693	-256

	Oct 2022	Oct 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	-33,329	143,015	-107,176	21,482	61,013	409,997	124,704	-16,671	-10,859	-36,420	96,096	47,467	33,052	1,245
Depreciation	270,546	571,586	342,913	0	267,878	279,624	0	271,963	159,355	95,172	86,179	135,114	32,331	26,652
Amortisation	0	0	0	0	0	0	0	0	3,000	3,000	3,000	3,000	3,000	3,000
Tax	0	-27,262	0	-3,431	-11,909	-2,350	146,064	0	0	0	-23,134	-12,109	-8,536	0
Stock	511,824	-65,600	217,960	123,805	-103,580	2,069	118,490	3,500	2,410	4,521	-7,302	26,532	-7,001	9,001
Debtors	149,849	-150,403	309,881	-54,147	53,283	115,185	122,432	-65,193	-47,532	59,399	-84,261	255,276	-50,603	97,407
Creditors	-9,271	180,184	1,342,844	-20,941	42,018	-29,937	54,244	-61,727	-35,818	-147,246	-105,963	288,353	15,280	144,407
Accruals and Deferred Income	0	0	-487,457	-59,367	84,698	62,213	344,220	-69,486	125,179	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-2,350	2,350	-146,064	39,146	8,026	29,528	7,998	38,142	8,195	15,029
Cash flow from operations	-433,727	1,083,526	563,283	-131,915	491,645	604,643	282,246	224,918	294,005	-119,886	155,739	218,159	140,926	83,925
Investing Activities
capital expenditure	138,725	-561,000	-349,016	-388,256	-203,104	-638,801	22,383	-396,997	-327,895	-549,611	189,642	-694,663	-64,299	-193,466
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	138,725	-561,000	-349,016	-388,256	-203,104	-638,801	22,383	-396,997	-327,895	-549,611	189,642	-694,663	-64,299	-193,466
Financing Activities
Bank loans	0	0	-27,996	27,996	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-352	172	-5,354	-8,127	13,661	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	-117,604	117,604	0	0	0	0	0	0	0	-31,051	-6,449	37,500
Hire Purchase and Lease Commitments	0	0	-1,320,755	295,829	-248,793	264,514	2,926	252,868	-29,792	783,203	0	-90,730	10,819	79,911
other long term liabilities	-310,472	86,819	1,264,118	0	0	0	0	-49,178	49,178	-218,398	-364,777	583,175	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	2	0	2
interest	10,748	470	-4,279	-3,423	1,663	-97,415	-141,399	-8,087	-9,539	-5,361	296	-893	-2,568	-1,503
cash flow from financing	-299,724	87,289	-206,868	438,178	-252,484	158,972	-124,812	195,603	9,847	559,444	-364,481	460,503	1,802	115,910
cash and cash equivalents
cash	-594,726	609,815	7,399	-81,993	36,058	84,814	50,431	24,839	-73,799	67,774	-19,100	-24,923	77,352	16,369
overdraft	0	0	0	0	0	0	-129,386	1,315	-49,756	177,827	0	-8,922	-1,078	10,000
change in cash	-594,726	609,815	7,399	-81,993	36,058	84,814	179,817	23,524	-24,043	-110,053	-19,100	-16,001	78,430	6,369

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOWSE ENGINEERING LIMITED group structure

Dowse Engineering Limited has no subsidiary companies.

Ultimate parent company

DOWSE ENGINEERING LIMITED

05465506

DOWSE ENGINEERING LIMITED Shareholders

trevor james dowse	50%
carolyn jane dowse	50%

Dowse Engineering Limited currently has 3 directors. The longest serving directors include Mr Trevor Dowse (Jun 2005) and Mr Stephen Walker (Sep 2011).

officer	country	age	start	end	role
Mr Trevor Dowse	England	55 years	Jun 2005	-	Director
Mr Stephen Walker	England	57 years	Sep 2011	-	Director
Mr Nicholas Welch	England	37 years	Apr 2014	-	Director

P&L

October 2022

turnover

3.2m

+12%

operating profit

-33.3k

gross margin

16.6%

-3.42%

turnover

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

Balance Sheet

October 2022

net assets

489.7k

-0.04%

total assets

3.2m

-0.1%

cash

180.3k

-0.77%

net assets

Total assets minus all liabilities

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company number

05465506

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

May 2005

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

10 barton road, bletchley, milton keynes, MK2 3JD

last accounts submitted

October 2022

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 5 charges/mortgages relating to dowse engineering limited. Currently there are 1 open charges and 4 have been satisfied in the past.

dowse engineering limited Company Information

dowse engineering limited Estimated Valuation

dowse engineering limited Estimated Valuation

dowse engineering limited Estimated Valuation

Dowse Engineering Limited Overview

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DOWSE ENGINEERING LIMITED financials

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dowse engineering limited Companies House Filings - See Documents