otb engineering limited

otb engineering limited Company Information

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Company Number

05538248

Industry

Engineering related scientific and technical consulting activities

 

Engineering design activities for industrial process and production

 

Shareholders

otb engineering limited

philip astle

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Group Structure

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Contact

Registered Address

17-21 risborough street southwar, 17-21 risborough street, london, SE1 0HG

otb engineering limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of OTB ENGINEERING LIMITED at £1.9m based on a Turnover of £3.1m and 0.62x industry multiple (adjusted for size and gross margin).

otb engineering limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of OTB ENGINEERING LIMITED at £6.5m based on an EBITDA of £1.3m and a 5.19x industry multiple (adjusted for size and gross margin).

otb engineering limited Estimated Valuation

£10.6m

Pomanda estimates the enterprise value of OTB ENGINEERING LIMITED at £10.6m based on Net Assets of £4m and 2.67x industry multiple (adjusted for liquidity).

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Otb Engineering Limited Overview

Otb Engineering Limited is a live company located in london, SE1 0HG with a Companies House number of 05538248. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in August 2005, it's largest shareholder is otb engineering limited with a 58.3% stake. Otb Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with high growth in recent years.

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Otb Engineering Limited Health Check

Pomanda's financial health check has awarded Otb Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

4 Regular

positive_score

1 Weak

size

Size

annual sales of £3.1m, make it larger than the average company (£932.1k)

£3.1m - Otb Engineering Limited

£932.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.4%)

17% - Otb Engineering Limited

5.4% - Industry AVG

production

Production

with a gross margin of 35.3%, this company has a comparable cost of product (35.3%)

35.3% - Otb Engineering Limited

35.3% - Industry AVG

profitability

Profitability

an operating margin of 39.2% make it more profitable than the average company (6.5%)

39.2% - Otb Engineering Limited

6.5% - Industry AVG

employees

Employees

with 34 employees, this is above the industry average (12)

34 - Otb Engineering Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)

£51.8k - Otb Engineering Limited

£51.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £90.8k, this is equally as efficient (£99.9k)

£90.8k - Otb Engineering Limited

£99.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 70 days, this is near the average (79 days)

70 days - Otb Engineering Limited

79 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 66 days, this is slower than average (34 days)

66 days - Otb Engineering Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 165 days, this is more than average (31 days)

165 days - Otb Engineering Limited

31 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 179 weeks, this is more cash available to meet short term requirements (18 weeks)

179 weeks - Otb Engineering Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 17.8%, this is a lower level of debt than the average (53.3%)

17.8% - Otb Engineering Limited

53.3% - Industry AVG

OTB ENGINEERING LIMITED financials

EXPORTms excel logo

Otb Engineering Limited's latest turnover from August 2023 is estimated at £3.1 million and the company has net assets of £4 million. According to their latest financial statements, Otb Engineering Limited has 34 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover3,087,0193,199,0753,326,1551,933,5201,752,3731,921,9022,967,6417,510,1416,744,2831,051,3706,021,0261,071,070635,304932,9530
Other Income Or Grants000000000000000
Cost Of Sales1,998,5732,146,7602,152,9391,277,1241,157,6121,192,3971,796,5044,118,6004,105,191617,2533,378,047622,406336,521452,2820
Gross Profit1,088,4461,052,3151,173,217656,395594,761729,5051,171,1373,391,5412,639,092434,1172,642,979448,664298,784480,6720
Admin Expenses-121,486233,720343,459420,106224,614476,7311,312,1073,283,6541,910,230529,6382,221,996374,976296,019454,394-138,619
Operating Profit1,209,932818,595829,758236,289370,147252,774-140,970107,887728,862-95,521420,98373,6882,76526,278138,619
Interest Payable000000000000000
Interest Receivable108,89718,1058669426,9965,3021,025595565576436415139126
Pre-Tax Profit1,318,829836,700830,623237,231377,143258,077-139,945108,481729,426-94,945421,41873,6922,78026,417138,744
Tax-329,707-158,973-157,818-45,074-71,657-49,0350-21,696-145,8850-96,926-17,686-723-7,397-38,848
Profit After Tax989,122677,727672,805192,157305,486209,042-139,94586,785583,541-94,945324,49256,0062,05719,02099,896
Dividends Paid000000000000000
Retained Profit989,122677,727672,805192,157305,486209,042-139,94586,785583,541-94,945324,49256,0062,05719,02099,896
Employee Costs1,762,8421,740,4261,552,9571,097,2771,166,9481,127,2671,280,6133,171,1372,611,223399,2812,131,179448,458284,760355,6720
Number Of Employees3434322523232766568449680
EBITDA*1,252,750886,962870,754357,314624,401518,709172,962349,263863,711-83,997425,63182,7567,30132,324145,713

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets84,750127,114156,229135,66379,98799,43959,84876,92862,85126,5675,9716,27510,33314,87018,011
Intangible Assets000088,200308,700577,200865,8001,082,250000000
Investments & Other12121212121232,93932,93692,93692,93692,9365,01212124,612
Debtors (Due After 1 year)00000001,235,6110000000
Total Fixed Assets84,762127,126156,241135,675168,199408,151669,9872,211,2751,238,037119,50398,90711,28710,34514,88222,623
Stock & work in progress904,3041,316,420713,381749,418557,523359,8190000000010,709
Trade Debtors593,257621,5101,012,462267,607372,507385,735890,36001,014,179265,8541,041,101247,629146,020174,930192,697
Group Debtors000000000000000
Misc Debtors371,016406,368316,503353,088162,706296,595141,82500000000
Cash2,890,9341,257,527811,604919,451964,420901,113512,849307,096168,68357,116173,3798406925,11650,336
misc current assets000000000000000
total current assets4,759,5113,601,8252,853,9502,289,5642,057,1561,943,2621,545,034307,0961,182,862322,9701,214,480248,469146,712180,046253,742
total assets4,844,2733,728,9513,010,1912,425,2392,225,3552,351,4132,215,0212,518,3712,420,899442,4731,313,387259,756157,057194,928276,365
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 366,832303,575244,415215,877145,934201,135146,7601,440,3191,429,22234,337810,30681,16734,47474,402175,059
Group/Directors Accounts00027866,157331,971498,54300000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities472,098406,170418,708538,917545,921671,158631,61100000000
total current liabilities838,930709,745663,123755,072758,0121,204,2641,276,9141,440,3191,429,22234,337810,30681,16734,47474,402175,059
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions20,89723,88229,47125,37514,7080000000000
total long term liabilities20,89723,88229,47125,37514,7080000000000
total liabilities859,827733,627692,594780,447772,7201,204,2641,276,9141,440,3191,429,22234,337810,30681,16734,47474,402175,059
net assets3,984,4462,995,3242,317,5971,644,7921,452,6351,147,149938,1071,078,052991,677408,136503,081178,589122,583120,526101,306
total shareholders funds3,984,4462,995,3242,317,5971,644,7921,452,6351,147,149938,1071,078,052991,677408,136503,081178,589122,583120,526101,306
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit1,209,932818,595829,758236,289370,147252,774-140,970107,887728,862-95,521420,98373,6882,76526,278138,619
Depreciation42,81868,36740,99632,82533,75445,43525,33224,92614,59911,5244,6489,0684,5366,0467,094
Amortisation00088,200220,500220,500288,600216,450120,250000000
Tax-329,707-158,973-157,818-45,074-71,657-49,0350-21,696-145,8850-96,926-17,686-723-7,397-38,848
Stock-412,116603,039-36,037191,895197,704359,8190000000-10,70910,709
Debtors-63,605-301,087708,27085,482-506,9369,964-203,426221,432748,325-775,247793,472101,609-28,910-17,767192,697
Creditors63,25759,16028,53869,943-55,20154,375-1,293,55911,0971,394,885-775,969729,13946,693-39,928-100,657175,059
Accruals and Deferred Income65,928-12,538-120,209-7,004-125,23739,547631,61100000000
Deferred Taxes & Provisions-2,985-5,5894,09610,66714,7080000000000
Cash flow from operations1,524,964467,070-46,872108,469696,246193,813-285,560117,2321,364,386-84,719264,37210,154-4,440-47,25478,518
Investing Activities
capital expenditure-454-39,252-61,562-88,501-14,302-37,026-8,252-39,003-1,253,383-32,120-4,344-5,0101-2,905-25,105
Change in Investments00000-32,9273-60,0000087,9245,0000-4,6004,612
cash flow from investments-454-39,252-61,562-88,501-14,302-4,099-8,25520,997-1,253,383-32,120-92,268-10,01011,695-29,717
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00-278-65,879-265,814-166,572498,54300000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0000000-410000002001,410
interest108,89718,1058669426,9965,3021,025595565576436415139126
cash flow from financing108,89718,105588-64,937-258,818-161,270499,5681855655764364153391,536
cash and cash equivalents
cash1,633,407445,923-107,847-44,96963,307388,264205,753138,413111,567-116,263172,539148-4,424-45,22050,336
overdraft000000000000000
change in cash1,633,407445,923-107,847-44,96963,307388,264205,753138,413111,567-116,263172,539148-4,424-45,22050,336

otb engineering limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Otb Engineering Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for otb engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.

otb engineering limited Ownership

OTB ENGINEERING LIMITED group structure

Otb Engineering Limited has no subsidiary companies.

Ultimate parent company

OTB ENGINEERING LIMITED

05538248

OTB ENGINEERING LIMITED Shareholders

otb engineering limited 58.33%
philip astle 20.42%
jonathan austin 20.42%
stephen beauchamp 0.83%

otb engineering limited directors

Otb Engineering Limited currently has 4 directors. The longest serving directors include Mr Jonathan Austin (Aug 2005) and Mr Philip Astle (Jul 2009).

officercountryagestartendrole
Mr Jonathan AustinEngland58 years Aug 2005- Director
Mr Philip AstleEngland61 years Jul 2009- Director
Mr Stephen BeauchampEngland65 years Jul 2015- Director
Dr Susan GreeneEngland51 years Nov 2016- Director

P&L

August 2023

turnover

3.1m

-4%

operating profit

1.2m

0%

gross margin

35.3%

+7.19%

turnover

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

Balance Sheet

August 2023

net assets

4m

+0.33%

total assets

4.8m

+0.3%

cash

2.9m

+1.3%

net assets

Total assets minus all liabilities

otb engineering limited company details

company number

05538248

Type

Private limited with Share Capital

industry

71122 - Engineering related scientific and technical consulting activities

71121 - Engineering design activities for industrial process and production

incorporation date

August 2005

age

19

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

August 2023

previous names

N/A

accountant

GALLOWAYS ACCOUNTING (HOVE) LIMITED

auditor

-

address

17-21 risborough street southwar, 17-21 risborough street, london, SE1 0HG

Bank

-

Legal Advisor

-

otb engineering 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 2 charges/mortgages relating to otb engineering limited. Currently there are 1 open charges and 1 have been satisfied in the past.

otb engineering 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.

Click to start generating capital raising & share issue transactions for OTB ENGINEERING LIMITED. This can take several minutes, an email will notify you when this has completed.

otb engineering limited Companies House Filings - See Documents

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