Abyss Engineering Limited

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abyss engineering limited Company Information

Company Number

06344972

Next Accounts

May 2025

Directors

Jos Greenhalgh

Ruth Seward

Shareholders

jos greenhalgh

Group Structure

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Industry

Support activities for petroleum and natural gas extraction

Registered Address

2 gorse rise, tooting, london, SW17 9BS

Website

abyss engineering limited Estimated Valuation

£196.8k

Pomanda estimates the enterprise value of ABYSS ENGINEERING LIMITED at £196.8k based on Net Assets of £141.1k and 1.4x industry multiple (adjusted for liquidity).

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Abyss Engineering Limited is a live company located in london, SW17 9BS with a Companies House number of 06344972. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in August 2007, it's largest shareholder is jos greenhalgh with a 100% stake. Abyss Engineering Limited is a established, micro sized company, Pomanda has estimated its turnover at £427.2k with low growth in recent years.

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Pomanda's financial health check has awarded Abyss Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £427.2k, make it smaller than the average company (£14.8m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a faster rate (-0.5%)

EXPORT

Abyss Engineering Limited's latest turnover from August 2023 is estimated at £427.2 thousand and the company has net assets of £141.1 thousand. According to their latest financial statements, Abyss Engineering Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	427,231	372,397	354,131	424,185	469,543	414,873	394,287	152,783	237,445	195,466	145,612	137,139	114,920	42,514
Other Income Or Grants
Cost Of Sales	403,276	347,907	343,260	397,452	439,280	386,106	361,844	138,954	209,888	169,090	126,939	119,710	100,967	36,346
Gross Profit	23,955	24,490	10,871	26,732	30,264	28,767	32,443	13,830	27,557	26,376	18,673	17,429	13,953	6,168
Admin Expenses	31,951	15,094	12,149	38,370	-5,224	38,934	43,898	33,604	-4,982	-33,816	-511	-1,665	-23,490	-3,262	-37,597
Operating Profit	-7,996	9,396	-1,278	-11,638	35,488	-10,167	-11,455	-19,774	32,539	60,192	19,184	19,094	37,443	9,430	37,597
Interest Payable
Interest Receivable							186	352	629	519	438	410	329	255	119
Pre-Tax Profit	-7,996	9,396	-1,278	-11,638	35,488	-10,167	-11,269	-19,422	33,168	60,711	19,622	19,504	37,772	9,685	37,717
Tax		-1,785			-6,743				-6,633	-12,749	-4,513	-4,681	-9,821	-2,712	-10,561
Profit After Tax	-7,996	7,611	-1,278	-11,638	28,745	-10,167	-11,269	-19,422	26,534	47,962	15,109	14,823	27,951	6,973	27,156
Dividends Paid
Retained Profit	-7,996	7,611	-1,278	-11,638	28,745	-10,167	-11,269	-19,422	26,534	47,962	15,109	14,823	27,951	6,973	27,156
Employee Costs	207,968	146,545	135,214	131,015	139,440	134,243	126,960	67,939	67,644	64,867	63,725	59,635	57,694	56,431
Number Of Employees	3	2	2	2	2	2	2	1	1	1	1	1	1	1
EBITDA*	-7,996	9,396	-1,278	-11,638	35,488	-10,167	-11,455	-19,466	33,425	61,164	20,040	19,471	37,698	9,685	37,597

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	128	654	1,220	360	407	727	748	794	556	963	1,935	1,863	255	510
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	128	654	1,220	360	407	727	748	794	556	963	1,935	1,863	255	510
Stock & work in progress
Trade Debtors	168,024	154,826	147,626	168,873	196,752	164,918	163,604	26,740	65,217	51,871	35,641	25,951	20,009	941
Group Debtors
Misc Debtors		23,937	14,226	1,100
Cash								149,145	132,304	119,099	88,549	86,780	77,214	54,350	47,732
misc current assets						360	330
total current assets	168,024	178,763	161,852	169,973	196,752	165,278	163,934	175,885	197,521	170,970	124,190	112,731	97,223	55,291	47,732
total assets	168,152	179,417	163,072	170,333	197,159	166,005	164,682	176,679	198,077	171,933	126,125	114,594	97,478	55,801	47,732
Bank overdraft
Bank loan
Trade Creditors	25,308	28,627	19,943	25,976	40,844	38,375	26,953	29,592	31,568	31,958	34,112	37,690	35,397	21,671	20,575
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	25,308	28,627	19,943	25,976	40,844	38,375	26,953	29,592	31,568	31,958	34,112	37,690	35,397	21,671	20,575
loans
hp & lease commitments
Accruals and Deferred Income	1,750	1,700	1,650	1,600	1,920	1,980	1,912
other liabilities
provisions
total long term liabilities	1,750	1,700	1,650	1,600	1,920	1,980	1,912
total liabilities	27,058	30,327	21,593	27,576	42,764	40,355	28,865	29,592	31,568	31,958	34,112	37,690	35,397	21,671	20,575
net assets	141,094	149,090	141,479	142,757	154,395	125,650	135,817	147,087	166,509	139,975	92,013	76,904	62,081	34,130	27,157
total shareholders funds	141,094	149,090	141,479	142,757	154,395	125,650	135,817	147,087	166,509	139,975	92,013	76,904	62,081	34,130	27,157

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-7,996	9,396	-1,278	-11,638	35,488	-10,167	-11,455	-19,774	32,539	60,192	19,184	19,094	37,443	9,430	37,597
Depreciation								308	886	972	856	377	255	255
Amortisation
Tax		-1,785			-6,743				-6,633	-12,749	-4,513	-4,681	-9,821	-2,712	-10,561
Stock
Debtors	-10,739	16,911	-8,121	-26,779	31,834	1,314	136,864	-38,477	13,346	16,230	9,690	5,942	19,068	941
Creditors	-3,319	8,684	-6,033	-14,868	2,469	11,422	-2,639	-1,976	-390	-2,154	-3,578	2,293	13,726	1,096	20,575
Accruals and Deferred Income	50	50	50	-320	-60	68	1,912
Deferred Taxes & Provisions
Cash flow from operations	-526	-566	860	-47	-680	9	-149,046	17,035	13,056	30,031	2,259	11,141	22,535	7,128	47,611
Investing Activities
capital expenditure	526	566	-860	47	320	21	46	-546	-479		-928	-1,985		-765
Change in Investments
cash flow from investments	526	566	-860	47	320	21	46	-546	-479		-928	-1,985		-765
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue							-1								1
interest							186	352	629	519	438	410	329	255	119
cash flow from financing							185	352	629	519	438	410	329	255	120
cash and cash equivalents
cash							-149,145	16,841	13,205	30,550	1,769	9,566	22,864	6,618	47,732
overdraft
change in cash							-149,145	16,841	13,205	30,550	1,769	9,566	22,864	6,618	47,732

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for abyss engineering limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other micro companies, companies in SW17 area or any other competitors across 12 key performance metrics.

ABYSS ENGINEERING LIMITED group structure

Abyss Engineering Limited has no subsidiary companies.

Ultimate parent company

ABYSS ENGINEERING LIMITED

06344972

ABYSS ENGINEERING LIMITED Shareholders

jos greenhalgh

100%

Abyss Engineering Limited currently has 2 directors. The longest serving directors include Mr Jos Greenhalgh (Mar 2008) and Ms Ruth Seward (Apr 2023).

officer	country	age	start	end	role
Mr Jos Greenhalgh	United Kingdom	44 years	Mar 2008	-	Director
Ms Ruth Seward	England	45 years	Apr 2023	-	Director

P&L

August 2023

turnover

427.2k

+15%

operating profit

-8k

gross margin

5.7%

-14.74%

turnover

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

Balance Sheet

August 2023

net assets

141.1k

-0.05%

total assets

168.2k

-0.06%

cash

net assets

Total assets minus all liabilities

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company number

06344972

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

August 2007

ultimate parent company

None

previous names

accsink limited (February 2008)

address

2 gorse rise, tooting, london, SW17 9BS

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.

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abyss engineering limited Company Information

abyss engineering limited Estimated Valuation

abyss engineering limited Estimated Valuation

abyss engineering limited Estimated Valuation

Abyss Engineering Limited Overview

Abyss Engineering Limited Health Check

ABYSS ENGINEERING LIMITED financials

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