Hele Bay Precision Engineering Company Limited

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hele bay precision engineering company limited Company Information

Live

EstablishedSmallLow

Company Number

05742131

Website

www.helebayprecision.com

Registered Address

grenville house, 9 boutport street, barnstaple, devon, EX31 1TZ

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

01271324457

Next Accounts Due

December 2025

Group Structure

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Directors

Derek Rawlins18 Years

Nicholas Tamlin12 Years

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Shareholders

derek rawlins & elizabeth rawlins 51.1%

nicholas tamlin 16.3%

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hele bay precision engineering company limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of HELE BAY PRECISION ENGINEERING COMPANY LIMITED at £1.5m based on Net Assets of £1.1m and 1.28x industry multiple (adjusted for liquidity).

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Hele Bay Precision Engineering Company Limited is a live company located in barnstaple, EX31 1TZ with a Companies House number of 05742131. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in March 2006, it's largest shareholder is derek rawlins & elizabeth rawlins with a 51.1% stake. Hele Bay Precision Engineering Company Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with low growth in recent years.

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Pomanda's financial health check has awarded Hele Bay Precision Engineering Company Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£26.5m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (10.8%)

EXPORT

Hele Bay Precision Engineering Company Limited's latest turnover from March 2024 is estimated at £2.2 million and the company has net assets of £1.1 million. According to their latest financial statements, Hele Bay Precision Engineering Company Limited has 18 employees and maintains cash reserves of £605.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,150,131	1,966,778	1,655,410	1,912,999	2,506,377	2,201,029	1,908,770	2,169,328	1,693,232	3,445,603	2,313,090	3,756,640	2,678,046	1,370,353	1,093,932
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,809,564	1,650,011	1,352,712	1,578,653	2,031,425	1,818,637	1,554,842	1,640,784	1,399,179	2,919,081	1,920,468	3,084,040	2,185,279	1,104,250	831,382
Gross Profit	340,568	316,767	302,698	334,346	474,953	382,392	353,927	528,544	294,053	526,522	392,623	672,600	492,767	266,103	262,550
Admin Expenses	410,913	228,550	306,256	61,767	383,248	262,420	193,478	673,981	423,678	168,747	350,956	448,043	517,294	282,237	-250,520
Operating Profit	-70,345	88,217	-3,558	272,579	91,705	119,972	160,449	-145,437	-129,625	357,775	41,667	224,557	-24,527	-16,134	513,070
Interest Payable	0	0	0	0	0	0	0	705	2,056	1,323	0	0	0	0	0
Interest Receivable	36,615	31,229	3,416	320	316	2,118	2,531	1,559	2,324	1,992	1,766	1,519	838	624	475
Pre-Tax Profit	-33,730	119,446	-143	272,899	92,021	122,090	162,980	-144,582	-129,358	358,444	43,432	226,076	-23,689	-15,510	513,546
Tax	0	-22,695	0	-51,851	-17,484	-23,197	-30,966	0	0	-75,273	-9,989	-54,258	0	0	-143,793
Profit After Tax	-33,730	96,751	-143	221,048	74,537	98,893	132,014	-144,582	-129,358	283,171	33,443	171,818	-23,689	-15,510	369,753
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,730	96,751	-143	221,048	74,537	98,893	132,014	-144,582	-129,358	283,171	33,443	171,818	-23,689	-15,510	369,753
Employee Costs	833,172	931,669	812,330	409,362	793,034	745,380	694,309	774,671	331,071	516,519	307,182	441,655	326,731	197,095	183,573
Number Of Employees	18	20	20	11	20	19	19	22	9	15	9	13	10	6	6
EBITDA*	-6,449	160,797	49,969	315,939	140,169	173,639	221,057	-84,629	-59,322	433,596	126,562	315,997	51,356	54,982	566,197

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	468,619	512,394	584,974	347,336	261,348	309,812	332,896	347,023	407,831	444,124	482,985	567,880	499,258	437,977	390,140
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,981
Investments & Other	303,744	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	772,363	512,394	584,974	347,336	261,348	309,812	332,896	347,023	407,831	444,124	482,985	567,880	499,258	437,977	397,121
Stock & work in progress	155,357	154,037	137,592	111,888	145,192	156,194	112,763	111,413	121,891	147,129	225,332	249,651	126,990	45,436	36,139
Trade Debtors	120,137	60,227	129,811	732,040	666,982	549,986	507,212	298,667	388,091	691,366	287,768	705,048	555,337	408,319	224,951
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	22,783	8,891	6,494	13,788	7,658	15,978	6,342	8,936	6,851	0	0	0	0	0	0
Cash	605,692	858,922	610,657	300,142	339,493	293,142	271,684	740,787	506,719	422,688	374,247	332,011	275,716	59,531	190,171
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	903,969	1,082,077	884,554	1,157,858	1,159,325	1,015,300	898,001	1,159,803	1,023,552	1,261,183	887,347	1,286,710	958,043	513,286	451,261
total assets	1,676,332	1,594,471	1,469,528	1,505,194	1,420,673	1,325,112	1,230,897	1,506,826	1,431,383	1,705,307	1,370,332	1,854,590	1,457,301	951,263	848,382
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	204,907	125,017	85,910	75,409	113,062	104,073	151,255	659,436	313,571	772,176	632,574	1,027,074	802,356	286,590	230,662
Group/Directors Accounts	0	0	0	0	0	0	0	0	2,042	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	22,553	0	0	0	0	0	0
hp & lease commitments	9,288	21,745	13,296	5,583	17,332	9,319	8,085	13,624	0	0	70,480	102,504	88,341	106,818	90,888
other current liabilities	225,946	181,343	161,737	280,916	378,653	332,377	278,920	154,923	319,132	0	0	0	0	0	0
total current liabilities	440,141	328,105	260,943	361,908	509,047	445,769	438,260	827,983	657,298	772,176	703,054	1,129,578	890,697	393,408	321,550
loans	0	0	0	0	0	0	0	0	0	40,719	0	0	0	0	0
hp & lease commitments	15,222	24,510	50,455	25,915	16,800	36,233	16,676	4,541	18,166	0	50,662	121,141	134,353	139,186	157,077
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	15,000	45,000	75,000	0	0	0	0	0	0	0
provisions	85,553	72,710	85,735	44,833	43,336	51,157	52,901	53,256	65,291	72,426	79,801	100,499	100,697	64,424	0
total long term liabilities	100,775	97,220	136,190	70,748	60,136	102,390	114,577	132,797	83,457	113,145	130,463	221,640	235,050	203,610	157,077
total liabilities	540,916	425,325	397,133	432,656	569,183	548,159	552,837	960,780	740,755	885,321	833,517	1,351,218	1,125,747	597,018	478,627
net assets	1,135,416	1,169,146	1,072,395	1,072,538	851,490	776,953	678,060	546,046	690,628	819,986	536,815	503,372	331,554	354,245	369,755
total shareholders funds	1,135,416	1,169,146	1,072,395	1,072,538	851,490	776,953	678,060	546,046	690,628	819,986	536,815	503,372	331,554	354,245	369,755

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-70,345	88,217	-3,558	272,579	91,705	119,972	160,449	-145,437	-129,625	357,775	41,667	224,557	-24,527	-16,134	513,070
Depreciation	63,896	72,580	53,527	43,360	48,464	53,667	60,608	60,808	70,303	75,821	84,895	91,440	75,883	64,135	46,127
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	6,981	7,000
Tax	0	-22,695	0	-51,851	-17,484	-23,197	-30,966	0	0	-75,273	-9,989	-54,258	0	0	-143,793
Stock	1,320	16,445	25,704	-33,304	-11,002	43,431	1,350	-10,478	-25,238	-78,203	-24,319	122,661	81,554	9,297	36,139
Debtors	73,802	-67,187	-609,523	71,188	108,676	52,410	205,951	-87,339	-296,424	403,598	-417,280	149,711	147,018	183,368	224,951
Creditors	79,890	39,107	10,501	-37,653	8,989	-47,182	-508,181	345,865	-458,605	139,602	-394,500	224,718	515,766	55,928	230,662
Accruals and Deferred Income	44,603	19,606	-119,179	-97,737	46,276	53,457	123,997	-164,209	319,132	0	0	0	0	0	0
Deferred Taxes & Provisions	12,843	-13,025	40,902	1,497	-7,821	-1,744	-355	-12,035	-7,135	-7,375	-20,698	-198	36,273	64,424	0
Cash flow from operations	55,765	234,532	566,012	92,311	72,455	59,132	-401,749	182,809	115,732	165,155	142,974	213,887	374,823	-17,331	391,976
Investing Activities
capital expenditure	-20,121	0	-291,165	-129,348	0	-30,583	-46,481	0	-34,010	-36,960	0	-160,062	-137,164	-111,972	-450,248
Change in Investments	303,744	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-323,865	0	-291,165	-129,348	0	-30,583	-46,481	0	-34,010	-36,960	0	-160,062	-137,164	-111,972	-450,248
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	-2,042	2,042	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	-22,553	22,553	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-40,719	40,719	0	0	0	0	0
Hire Purchase and Lease Commitments	-21,745	-17,496	32,253	-2,634	-11,420	20,791	6,596	-1	18,166	-121,142	-102,503	951	-23,310	-1,961	247,965
other long term liabilities	0	0	0	0	-15,000	-30,000	-30,000	75,000	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	998	0	2
interest	36,615	31,229	3,416	320	316	2,118	2,531	854	268	669	1,766	1,519	838	624	475
cash flow from financing	14,870	13,733	35,669	-2,314	-26,104	-7,091	-20,873	51,258	2,310	-79,754	-100,737	2,470	-21,474	-1,337	248,442
cash and cash equivalents
cash	-253,230	248,265	310,515	-39,351	46,351	21,458	-469,103	234,068	84,031	48,441	42,236	56,295	216,185	-130,640	190,171
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-253,230	248,265	310,515	-39,351	46,351	21,458	-469,103	234,068	84,031	48,441	42,236	56,295	216,185	-130,640	190,171

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HELE BAY PRECISION ENGINEERING COMPANY LIMITED group structure

Hele Bay Precision Engineering Company Limited has no subsidiary companies.

Ultimate parent company

HELE BAY PRECISION ENGINEERING COMPANY LIMITED

05742131

HELE BAY PRECISION ENGINEERING COMPANY LIMITED Shareholders

derek rawlins & elizabeth rawlins	51.1%
nicholas tamlin	16.3%
hele bay precision engineering company limited	16.3%
sherrie tamlin	16.3%

Hele Bay Precision Engineering Company Limited currently has 4 directors. The longest serving directors include Mr Derek Rawlins (Mar 2006) and Mr Nicholas Tamlin (Nov 2011).

officer	age	start	end	role
Mr Derek Rawlins	75 years	Mar 2006	-	Director
Mr Nicholas Tamlin	48 years	Nov 2011	-	Director
Mrs Sherrie Tamlin	54 years	Nov 2011	-	Director
Mrs Elizabeth Rawlins	73 years	Mar 2017	-	Director

P&L

March 2024

turnover

2.2m

+9%

operating profit

-70.3k

gross margin

15.9%

-1.65%

turnover

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

Balance Sheet

March 2024

net assets

1.1m

-0.03%

total assets

1.7m

+0.05%

cash

605.7k

-0.29%

net assets

Total assets minus all liabilities

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company number

05742131

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

March 2006

ultimate parent company

None

previous names

N/A

address

grenville house, 9 boutport street, barnstaple, devon, EX31 1TZ

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hele bay precision engineering company limited Company Information

hele bay precision engineering company limited Estimated Valuation

hele bay precision engineering company limited Estimated Valuation

hele bay precision engineering company limited Estimated Valuation

Hele Bay Precision Engineering Company Limited Overview

Hele Bay Precision Engineering Company Limited Health Check

HELE BAY PRECISION ENGINEERING COMPANY LIMITED financials

hele bay precision engineering company limited Credit Report and Business Information

Hele Bay Precision Engineering Company Limited Competitor Analysis

hele bay precision engineering company limited Ownership

hele bay precision engineering company limited directors

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