Surface Finishing Engineering Limited

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surface finishing engineering limited Company Information

Live

EstablishedSmallHealthy

Company Number

06580536

Website

www.sfeuk.com

Registered Address

second floor, west wing, 10 harborne road, birmingham, B15 3AA

Industry

Manufacture of electronic industrial process control equipment

Telephone

01902409186

Next Accounts Due

March 2025

Group Structure

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Directors

Ravinder Delveir9 Years

Vickermjeet Delveir6 Years

Shareholders

ravinda kaur delveir 79%

parimjeet salan 7%

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surface finishing engineering limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of SURFACE FINISHING ENGINEERING LIMITED at £4.6m based on Net Assets of £1.7m and 2.72x industry multiple (adjusted for liquidity).

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Surface Finishing Engineering Limited AI Business Plan

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Surface Finishing Engineering Limited is a live company located in birmingham, B15 3AA with a Companies House number of 06580536. It operates in the manufacture of electronic industrial process control equipment sector, SIC Code 26512. Founded in April 2008, it's largest shareholder is ravinda kaur delveir with a 79% stake. Surface Finishing Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £4.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Surface Finishing Engineering Limited a 3.5 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 Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£10.2m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SURFACE FINISHING ENGINEERING LIMITED group structure

Surface Finishing Engineering Limited has no subsidiary companies.

Ultimate parent company

SURFACE FINISHING ENGINEERING LIMITED

06580536

SURFACE FINISHING ENGINEERING LIMITED Shareholders

ravinda kaur delveir	79%
parimjeet salan	7%
vickermjeet delveir	7%
kamaljeet johal	7%

Surface Finishing Engineering Limited currently has 2 directors. The longest serving directors include Mrs Ravinder Delveir (Apr 2015) and Mr Vickermjeet Delveir (Oct 2017).

officer	country	age	start	end	role
Mrs Ravinder Delveir	United Kingdom	68 years	Apr 2015	-	Director
Mr Vickermjeet Delveir	England	44 years	Oct 2017	-	Director

EXPORT

Surface Finishing Engineering Limited's latest turnover from June 2023 is estimated at £4.5 million and the company has net assets of £1.7 million. According to their latest financial statements, Surface Finishing Engineering Limited has 33 employees and maintains cash reserves of £332.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	4,527,726	3,462,413	3,006,311	3,480,708	3,537,754	4,051,859	3,788,963	2,217,398	4,602,064	1,667,682	3,064,976	1,165,079	827,391	500,771
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,844,176	2,144,438	1,896,126	2,220,544	2,309,995	2,640,638	2,435,711	1,461,057	2,997,732	1,027,995	1,956,470	727,244	402,983	367,603
Gross Profit	1,683,550	1,317,975	1,110,185	1,260,164	1,227,759	1,411,221	1,353,253	756,342	1,604,331	639,687	1,108,506	437,835	424,408	133,168
Admin Expenses	1,193,625	1,463,364	942,337	744,385	561,439	876,226	1,273,330	740,325	1,585,384	569,667	1,115,004	435,462	321,080	111,294
Operating Profit	489,925	-145,389	167,848	515,779	666,320	534,995	79,923	16,017	18,947	70,020	-6,498	2,373	103,328	21,874
Interest Payable	116,251	72,590	41,847	10,715	15,169	18,193	3,448	0	0	0	0	0	2,360	0
Interest Receivable	8,324	0	0	282	2,115	0	1,000	1,999	969	969	61	155	0	0
Pre-Tax Profit	381,997	-217,979	126,001	505,346	653,267	516,802	77,475	18,016	19,916	70,990	-6,437	2,528	100,968	21,874
Tax	-95,499	0	-23,940	-96,016	-124,121	-98,192	-14,720	-3,603	-3,983	-14,908	0	-607	-20,951	-4,594
Profit After Tax	286,498	-217,979	102,061	409,330	529,146	418,610	62,755	14,413	15,933	56,082	-6,437	1,921	80,017	17,280
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	75,000	17,000
Retained Profit	286,498	-217,979	102,061	409,330	529,146	418,610	62,755	14,413	15,933	56,082	-6,437	1,921	5,017	280
Employee Costs	1,627,477	1,526,638	1,607,644	1,418,864	1,475,195	1,417,347	1,335,925	1,332,853	1,275,507	447,235	861,731	399,951	215,442	72,907
Number Of Employees	33	32	34	31	31	30	30	30	28	10	20	9	6	4
EBITDA*	518,284	-118,178	199,520	552,825	699,374	568,804	111,996	45,436	38,968	84,810	-6,498	2,373	103,328	21,874

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	222,787	197,115	220,926	252,598	289,644	199,206	182,210	161,122	163,118	48,601	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	222,787	197,115	220,926	252,598	289,644	199,206	182,210	161,122	163,118	48,601	0	0	0	0
Stock & work in progress	10,227	9,553	71,124	89,987	127,693	325,826	184,507	154,000	99,763	47,765	72,689	59,133	0	0
Trade Debtors	1,038,702	592,824	351,125	445,650	84,956	609,728	529,821	56,883	1,056,113	296,526	712,859	275,432	301,844	68,791
Group Debtors	1,162,853	1,107,292	1,076,705	1,087,398	555,686	506,834	608,995	0	0	0	0	0	0	0
Misc Debtors	2,178,988	2,536,087	2,654,445	1,938,645	2,353,912	1,552,123	1,404,099	543,110	0	0	0	0	0	0
Cash	332,940	0	10	317	564,041	0	0	799,655	0	387,776	0	24,292	37,527	1,117
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,723,710	4,245,756	4,153,409	3,561,997	3,686,288	2,994,511	2,727,422	1,553,648	1,155,876	732,067	785,548	358,857	339,371	69,908
total assets	4,946,497	4,442,871	4,374,335	3,814,595	3,975,932	3,193,717	2,909,632	1,714,770	1,318,994	780,668	785,548	358,857	339,371	69,908
Bank overdraft	744,388	444,267	333,216	351,323	0	449,444	110,326	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	849,387	908,613	526,676	1,021,746	1,476,451	996,326	1,443,182	565,345	1,171,990	709,003	784,751	351,623	334,058	51,181
Group/Directors Accounts	0	0	0	0	0	0	0	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	4,275	0	38,469	44,907	44,907	6,907	588	7,052	0	0	0	0	0	0
other current liabilities	1,226,839	1,123,789	1,137,273	802,990	1,215,162	1,115,881	1,140,286	943,852	0	0	0	0	0	18,434
total current liabilities	2,824,889	2,476,669	2,035,634	2,220,966	2,736,520	2,568,558	2,694,382	1,516,249	1,171,990	709,003	784,751	351,623	334,058	69,615
loans	387,500	537,500	687,500	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	10,688	0	0	38,469	86,542	20,615	0	588	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	30,556	78,389	41,473	14,692	0	0	0	0
provisions	45,680	37,460	41,980	48,000	55,040	35,860	34,620	32,225	32,625	0	0	0	0	0
total long term liabilities	443,868	574,960	729,480	86,469	141,582	56,475	65,176	111,202	74,098	14,692	0	0	0	0
total liabilities	3,268,757	3,051,629	2,765,114	2,307,435	2,878,102	2,625,033	2,759,558	1,627,451	1,246,088	723,695	784,751	351,623	334,058	69,615
net assets	1,677,740	1,391,242	1,609,221	1,507,160	1,097,830	568,684	150,074	87,319	72,906	56,973	797	7,234	5,313	293
total shareholders funds	1,677,740	1,391,242	1,609,221	1,507,160	1,097,830	568,684	150,074	87,319	72,906	56,973	797	7,234	5,313	293

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	489,925	-145,389	167,848	515,779	666,320	534,995	79,923	16,017	18,947	70,020	-6,498	2,373	103,328	21,874
Depreciation	28,359	27,211	31,672	37,046	33,054	33,809	32,073	29,419	20,021	14,790	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-95,499	0	-23,940	-96,016	-124,121	-98,192	-14,720	-3,603	-3,983	-14,908	0	-607	-20,951	-4,594
Stock	674	-61,571	-18,863	-37,706	-198,133	141,319	30,507	54,237	51,998	-24,924	13,556	59,133	0	0
Debtors	144,340	153,928	610,582	477,139	325,869	125,770	1,942,922	-456,120	759,587	-416,333	437,427	-26,412	233,053	68,791
Creditors	-59,226	381,937	-495,070	-454,705	480,125	-446,856	877,837	-606,645	462,987	-75,748	433,128	17,565	282,877	51,181
Accruals and Deferred Income	103,050	-13,484	334,283	-412,172	99,281	-24,405	196,434	943,852	0	0	0	0	-18,434	18,434
Deferred Taxes & Provisions	8,220	-4,520	-6,020	-7,040	19,180	1,240	2,395	-400	32,625	0	0	0	0	0
Cash flow from operations	329,815	153,398	-582,946	-856,541	1,046,103	-266,498	-799,487	780,523	-280,988	435,411	-24,353	-13,390	113,767	18,104
Investing Activities
capital expenditure	-54,031	-3,400	0	0	-123,492	-50,805	-53,161	-27,423	-134,538	-63,391	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-54,031	-3,400	0	0	-123,492	-50,805	-53,161	-27,423	-134,538	-63,391	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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	-150,000	-150,000	687,500	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	14,963	-38,469	-44,907	-48,073	103,927	26,934	-7,052	7,640	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-30,556	-47,833	36,916	26,781	14,692	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	94	0	0	3	13
interest	-107,927	-72,590	-41,847	-10,433	-13,054	-18,193	-2,448	1,999	969	969	61	155	-2,360	0
cash flow from financing	-242,964	-261,059	600,746	-58,506	90,873	-21,815	-57,333	46,555	27,750	15,755	61	155	-2,357	13
cash and cash equivalents
cash	332,940	-10	-307	-563,724	564,041	0	-799,655	799,655	-387,776	387,776	-24,292	-13,235	36,410	1,117
overdraft	300,121	111,051	-18,107	351,323	-449,444	339,118	110,326	0	0	0	0	0	0	0
change in cash	32,819	-111,061	17,800	-915,047	1,013,485	-339,118	-909,981	799,655	-387,776	387,776	-24,292	-13,235	36,410	1,117

P&L

June 2023

turnover

4.5m

+31%

operating profit

489.9k

gross margin

37.2%

-2.32%

turnover

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

Balance Sheet

June 2023

net assets

1.7m

+0.21%

total assets

4.9m

+0.11%

cash

332.9k

net assets

Total assets minus all liabilities

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company number

06580536

Type

Private limited with Share Capital

industry

26512 - Manufacture of electronic industrial process control equipment

incorporation date

April 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

second floor, west wing, 10 harborne road, birmingham, B15 3AA

last accounts submitted

June 2023

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 surface finishing engineering limited. Currently there are 1 open charges and 4 have been satisfied in the past.

surface finishing engineering limited Company Information

surface finishing engineering limited Estimated Valuation

surface finishing engineering limited Estimated Valuation

surface finishing engineering limited Estimated Valuation

Surface Finishing Engineering Limited AI Business Plan

Surface Finishing Engineering Limited Overview

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