Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
whessoe technology centre, alderman best way, darlington, county durham, DL1 4WB
Pomanda estimates the enterprise value of WHESSOE ENGINEERING LIMITED at £3.9m based on a Turnover of £7.7m and 0.51x industry multiple (adjusted for size and gross margin).
whessoe engineering limitedEstimated Valuation
£5.9m
Pomanda estimates the enterprise value of WHESSOE ENGINEERING LIMITED at £5.9m based on an EBITDA of £1.5m and a 4.02x industry multiple (adjusted for size and gross margin).
whessoe engineering limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of WHESSOE ENGINEERING LIMITED at £0 based on Net Assets of £-1.1m and 2.04x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Whessoe Engineering LimitedOverview
Whessoe Engineering Limited is a live company located in darlington, DL1 4WB with a Companies House number of 06453867. It operates in the other engineering activities sector, SIC Code 71129. Founded in December 2007, it's largest shareholder is
samsung c&t corp.
with a 100% stake. Whessoe Engineering Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£7.7m with
high
growth in recent years.
Pomanda's financial health check has awarded Whessoe 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 Rating5out of 5
7 Strong
3 Regular
1 Weak
Size
annual sales of £7.7m, make it larger than the average company (£5.1m)
£7.7m - Whessoe Engineering Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (8.2%)
29% - Whessoe Engineering Limited
8.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
32.9% - Whessoe Engineering Limited
32.9% - Industry AVG
Profitability
an operating margin of 18.9% make it more profitable than the average company (5.8%)
18.9% - Whessoe Engineering Limited
5.8% - Industry AVG
Employees
with 47 employees, this is above the industry average (34)
47 - Whessoe Engineering Limited
34 - Industry AVG
Pay Structure
on an average salary of £58k, the company has an equivalent pay structure (£58k)
£58k - Whessoe Engineering Limited
£58k - Industry AVG
Efficiency
resulting in sales per employee of £163.7k, this is more efficient (£136.4k)
£163.7k - Whessoe Engineering Limited
£136.4k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (66 days)
54 days - Whessoe Engineering Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (28 days)
93 days - Whessoe Engineering Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Whessoe Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 28 weeks, this is more cash available to meet short term requirements (18 weeks)
28 weeks - Whessoe Engineering Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.7%, this is a higher level of debt than the average (57.6%)
121.7% - Whessoe Engineering Limited
57.6% - Industry AVG
WHESSOE ENGINEERING LIMITED financials
EXPORT
Whessoe Engineering Limited's latest turnover from December 2023 is estimated at £7.7 million and the company has net assets of -£1.1 million. According to their latest financial statements, Whessoe Engineering Limited has 47 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
7,694,554
6,481,412
4,177,702
3,596,939
2,371,548
9,053,000
7,530,000
9,526,000
13,343,000
17,151,000
4,619,000
2,794,000
2,391,000
1,908,000
2,179,000
Other Income Or Grants
Cost Of Sales
5,160,129
4,368,422
2,837,643
2,485,724
1,611,677
4,738,000
6,498,000
9,486,000
10,052,000
12,105,000
3,304,000
1,573,000
661,000
1,290,000
1,623,000
Gross Profit
2,534,424
2,112,989
1,340,060
1,111,215
759,871
4,315,000
1,032,000
40,000
3,291,000
5,046,000
1,315,000
1,221,000
1,730,000
618,000
556,000
Admin Expenses
1,081,303
1,075,060
-207,031
-132,385
1,121,635
3,526,000
3,805,000
3,023,000
3,814,000
4,379,000
3,905,000
2,855,000
1,745,000
1,935,000
2,616,260
Operating Profit
1,453,121
1,037,929
1,547,091
1,243,600
-361,764
789,000
-2,773,000
-2,983,000
-523,000
667,000
-2,590,000
-1,634,000
-15,000
-1,317,000
-2,060,260
Interest Payable
17,005
52,910
112,779
43,000
229,000
37,000
22,000
1,000
5,000
Interest Receivable
159,252
58,182
1,029
116
1,294
1,000
9,000
1,000
Pre-Tax Profit
1,612,373
1,096,111
1,531,115
1,190,806
-473,249
746,000
-3,001,000
-3,011,000
-545,000
667,000
1,368,000
-1,635,000
-20,000
-1,317,000
-2,005,000
Tax
-403,093
-208,261
-290,912
-226,253
8,000
-55,000
Profit After Tax
1,209,280
887,850
1,240,203
964,553
-473,249
746,000
-2,993,000
-3,011,000
-545,000
667,000
1,368,000
-1,635,000
-20,000
-1,317,000
-2,060,000
Dividends Paid
Retained Profit
1,209,280
887,850
1,240,203
964,553
-473,249
746,000
-2,993,000
-3,011,000
-545,000
667,000
1,368,000
-1,635,000
-20,000
-1,317,000
-2,060,000
Employee Costs
2,726,153
2,838,439
2,915,395
2,784,388
2,358,927
3,464,000
4,982,000
6,045,000
5,847,000
8,489,000
5,496,000
5,243,000
294,000
Number Of Employees
47
50
54
55
46
51
69
92
92
86
58
60
7
20
EBITDA*
1,463,649
1,039,601
1,580,413
1,302,746
-289,315
967,000
-2,542,000
-2,663,000
-170,000
1,027,000
-2,339,000
-1,438,000
92,000
-1,198,000
-1,794,260
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
114,716
6,685
33,322
92,468
165,000
343,000
433,000
486,000
721,000
645,000
256,000
349,000
456,000
575,000
Intangible Assets
117,000
227,000
337,000
447,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
114,716
6,685
33,322
92,468
165,000
343,000
433,000
603,000
948,000
982,000
703,000
349,000
456,000
575,000
Stock & work in progress
Trade Debtors
1,153,205
440,741
443,665
316,894
148,257
504,000
501,000
2,027,000
1,391,000
303,000
948,000
272,000
143,000
212,000
859,000
Group Debtors
230,575
203,435
31,230
384,290
434,000
262,000
167,000
70,000
1,240,000
720,000
Misc Debtors
373,925
392,650
336,445
302,741
890,915
540,000
619,000
364,000
555,000
1,659,000
360,000
273,000
268,000
263,000
433,000
Cash
3,465,769
2,600,986
723,683
99,297
133,140
212,000
584,000
1,730,000
3,346,000
3,644,000
1,549,000
27,000
27,000
33,000
104,000
misc current assets
total current assets
4,992,899
3,664,952
1,707,228
750,162
1,556,602
1,690,000
1,704,000
4,383,000
5,459,000
5,676,000
4,097,000
1,292,000
438,000
508,000
1,396,000
total assets
5,107,615
3,671,637
1,707,228
783,484
1,649,070
1,855,000
2,047,000
4,816,000
6,062,000
6,624,000
5,079,000
1,995,000
787,000
964,000
1,971,000
Bank overdraft
544,151
1,190,597
2,151,000
Bank loan
Trade Creditors
1,319,828
1,521,956
449,986
323,643
160,614
196,000
316,000
203,000
134,000
540,000
67,000
559,000
319,000
281,000
439,000
Group/Directors Accounts
4,381,813
3,936,424
3,849,827
3,685,946
3,574,638
3,289,000
2,636,000
759,000
675,000
430,000
137,000
3,168,000
1,928,000
1,513,000
other short term finances
hp & lease commitments
other current liabilities
514,237
530,800
612,808
675,340
2,133,370
1,156,000
2,847,000
4,613,000
3,001,000
2,857,000
2,540,000
506,000
1,071,000
2,132,000
2,079,000
total current liabilities
6,215,878
5,989,180
4,912,621
5,229,080
7,059,219
6,792,000
5,799,000
5,575,000
3,810,000
3,827,000
2,744,000
4,233,000
1,390,000
4,341,000
4,031,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
205,000
total long term liabilities
205,000
total liabilities
6,215,878
5,989,180
4,912,621
5,229,080
7,059,219
6,792,000
5,799,000
5,575,000
3,810,000
3,827,000
2,949,000
4,233,000
1,390,000
4,341,000
4,031,000
net assets
-1,108,263
-2,317,543
-3,205,393
-4,445,596
-5,410,149
-4,937,000
-3,752,000
-759,000
2,252,000
2,797,000
2,130,000
-2,238,000
-603,000
-3,377,000
-2,060,000
total shareholders funds
-1,108,263
-2,317,543
-3,205,393
-4,445,596
-5,410,149
-4,937,000
-3,752,000
-759,000
2,252,000
2,797,000
2,130,000
-2,238,000
-603,000
-3,377,000
-2,060,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
1,453,121
1,037,929
1,547,091
1,243,600
-361,764
789,000
-2,773,000
-2,983,000
-523,000
667,000
-2,590,000
-1,634,000
-15,000
-1,317,000
-2,060,260
Depreciation
10,528
1,672
33,322
59,146
72,449
178,000
231,000
203,000
243,000
250,000
141,000
93,000
107,000
119,000
266,000
Amortisation
117,000
110,000
110,000
110,000
103,000
Tax
-403,093
-208,261
-290,912
-226,253
8,000
-55,000
Stock
Debtors
463,164
80,421
332,680
-772,597
-54,538
358,000
-1,533,000
540,000
81,000
-516,000
1,283,000
854,000
-64,000
-817,000
1,292,000
Creditors
-202,128
1,071,970
126,343
163,029
-35,386
-120,000
113,000
69,000
-406,000
473,000
-492,000
240,000
38,000
-158,000
439,000
Accruals and Deferred Income
-16,563
-82,008
-62,532
-1,458,030
977,370
-1,691,000
-1,766,000
1,612,000
144,000
317,000
2,034,000
-565,000
-1,061,000
53,000
2,079,000
Deferred Taxes & Provisions
-205,000
205,000
Cash flow from operations
378,701
1,740,881
1,020,632
554,089
707,207
-1,202,000
-2,654,000
-1,522,000
-513,000
2,128,000
-1,875,000
-2,617,000
-867,000
-486,000
-623,260
Investing Activities
capital expenditure
-118,559
-8,357
83
-141,000
-150,000
-8,000
-326,000
-530,000
-550,000
-841,000
Change in Investments
cash flow from investments
-118,559
-8,357
83
-141,000
-150,000
-8,000
-326,000
-530,000
-550,000
-841,000
Financing Activities
Bank loans
Group/Directors Accounts
445,389
86,597
163,881
111,308
285,638
653,000
1,877,000
84,000
245,000
293,000
-3,031,000
3,168,000
-1,928,000
415,000
1,513,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
-1,931,000
3,000,000
2,794,000
interest
159,252
58,182
-15,976
-52,794
-111,485
-43,000
-228,000
-28,000
-22,000
-1,000
-5,000
1,000
cash flow from financing
604,641
144,779
147,905
58,514
174,253
-1,321,000
1,649,000
56,000
223,000
293,000
-31,000
3,167,000
861,000
415,000
1,514,000
cash and cash equivalents
cash
864,783
1,877,303
624,386
-33,843
-78,860
-372,000
-1,146,000
-1,616,000
-298,000
2,095,000
1,522,000
-6,000
-71,000
104,000
overdraft
-544,151
-646,446
-960,403
2,151,000
change in cash
864,783
1,877,303
1,168,537
612,603
881,543
-2,523,000
-1,146,000
-1,616,000
-298,000
2,095,000
1,522,000
-6,000
-71,000
104,000
whessoe engineering limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for whessoe engineering limited. Get real-time insights into whessoe engineering limited's credit score, group structure and payment trends.
Perform a competitor analysis for whessoe engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in DL1 area or any other competitors across 12 key performance metrics.
whessoe engineering limited Ownership
WHESSOE ENGINEERING LIMITED group structure
Whessoe Engineering Limited has no subsidiary companies.
Ultimate parent company
SAMSUNG C&T CORP
#0016037
1 parent
WHESSOE ENGINEERING LIMITED
06453867
WHESSOE ENGINEERING LIMITED Shareholders
The sole shareholder of Whessoe Engineering Limited is Samsung C&T Corp..
samsung c&t corp.
100%
whessoe engineering limited directors
Whessoe Engineering Limited currently has 2 directors.
The longest serving directors include
Ms Jongran Kim (Jan 2022) and
Mr Seong Kim (Jan 2024).
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
December 2007
age
18
incorporated
UK
ultimate parent company
SAMSUNG C&T CORP
accounts
Small Company
last accounts submitted
December 2023
previous names
whessoe projects limited (March 2013)
pimco 2721 limited (December 2007)
accountant
CLIVE OWEN LLP
auditor
-
address
whessoe technology centre, alderman best way, darlington, county durham, DL1 4WB
Bank
-
Legal Advisor
-
whessoe 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 1 charges/mortgages relating to whessoe engineering limited. Currently there are 1 open charges and 0 have been satisfied in the past.
whessoe 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 WHESSOE ENGINEERING LIMITED. This can take several minutes, an email will notify you when this has completed.
whessoe engineering limitedCompanies House Filings - See Documents
