Ib Engineering Consultants Limited

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ib engineering consultants limited Company Information

Live

EstablishedMicroDeclining

Company Number

06700144

Website

www.ibengineering.co.uk

Registered Address

43 caedmons prospect, chubb hill road, whitby, north yorkshire, YO21 1HF

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Telephone

01455283705

Next Accounts Due

June 2025

Group Structure

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Directors

Ian Burton16 Years

Shareholders

ian gary burton 50%

carole jean elizabeth burton 50%

ib engineering consultants limited Estimated Valuation

£53.5k

Pomanda estimates the enterprise value of IB ENGINEERING CONSULTANTS LIMITED at £53.5k based on an EBITDA of £11.8k and a 4.53x industry multiple (adjusted for size and gross margin).

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Ib Engineering Consultants Limited is a live company located in whitby, YO21 1HF with a Companies House number of 06700144. It operates in the other engineering activities sector, SIC Code 71129. Founded in September 2008, it's largest shareholder is ian gary burton with a 50% stake. Ib Engineering Consultants Limited is a established, micro sized company, Pomanda has estimated its turnover at £48k with declining growth in recent years.

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Pomanda's financial health check has awarded Ib Engineering Consultants Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £48k, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (5.5%)

EXPORT

Ib Engineering Consultants Limited's latest turnover from September 2023 is estimated at £48 thousand and the company has net assets of £16.4 thousand. According to their latest financial statements, Ib Engineering Consultants Limited has 1 employee and maintains cash reserves of £1.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	47,959	106,593	98,740	98,021	181,621	192,165	169,401	98,292	174,791	51,248	8,460	9,186	8,141	42,645	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	32,653	73,986	67,665	68,665	125,891	129,631	113,980	64,736	112,566	32,762	5,518	6,026	4,980	25,895	0
Gross Profit	15,305	32,606	31,076	29,356	55,730	62,535	55,421	33,556	62,224	18,486	2,941	3,160	3,161	16,750	0
Admin Expenses	3,707	31,228	28,207	25,261	54,366	66,927	51,878	27,778	66,642	19,036	7,796	4,013	6,518	132	1,581
Operating Profit	11,598	1,378	2,869	4,095	1,364	-4,392	3,543	5,778	-4,418	-550	-4,855	-853	-3,357	16,618	-1,581
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	76	28	1	1	8	10	9	7	6	10	24	39	47	30	4
Pre-Tax Profit	11,673	1,406	2,870	4,096	1,372	-4,382	3,552	5,785	-4,412	-540	-4,831	-814	-3,310	16,649	-1,577
Tax	-2,918	-267	-545	-778	-261	0	-675	-1,157	0	0	0	0	0	-4,662	0
Profit After Tax	8,755	1,139	2,325	3,318	1,111	-4,382	2,877	4,628	-4,412	-540	-4,831	-814	-3,310	11,987	-1,577
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,755	1,139	2,325	3,318	1,111	-4,382	2,877	4,628	-4,412	-540	-4,831	-814	-3,310	11,987	-1,577
Employee Costs	51,205	48,346	45,375	44,123	94,272	93,797	86,373	46,554	92,212	46,131	44,930	42,126	41,520	38,759	0
Number Of Employees	1	1	1	1	2	2	2	1	2	1	1	1	1	1	0
EBITDA*	11,807	1,480	3,022	4,324	1,512	-2,821	5,525	8,281	-1,967	-122	-4,530	-751	-3,204	16,674	-1,498

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	209	311	464	94	6,144	7,715	9,697	12,200	857	649	205	307	111	167
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	209	311	464	94	6,144	7,715	9,697	12,200	857	649	205	307	111	167
Stock & work in progress	6,975	10,050	9,750	8,500	7,500	8,000	7,250	8,500	7,500	5,500	0	0	0	0	0
Trade Debtors	199	0	0	0	0	0	0	0	0	0	0	0	0	6,822	2,116
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,169	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,397	1,626	845	1,276	1,438	651	1,942	5,027	585	1,880	2,039	7,466	8,312	10,645	1,516
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	19,740	11,676	10,595	9,776	8,938	8,651	9,192	13,527	8,085	7,380	2,039	7,466	8,312	17,467	3,632
total assets	19,740	11,885	10,906	10,240	9,032	14,795	16,907	23,224	20,285	8,237	2,688	7,671	8,619	17,578	3,799
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	0	0	0	0	0	0	0	0	23,682	7,222	1,133	1,285	1,419	7,068	5,276
Group/Directors Accounts	0	0	496	2,742	5,830	13,829	11,589	20,803	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,366	4,226	3,871	3,255	2,365	1,240	1,210	1,190	0	0	0	0	0	0	0
total current liabilities	3,366	4,226	4,367	5,997	8,195	15,069	12,799	21,993	23,682	7,222	1,133	1,285	1,419	7,068	5,276
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0
provisions	0	40	59	88	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	40	59	88	0	0	0	0	0	0	0	0	0	0	0
total liabilities	3,366	4,266	4,426	6,085	8,195	15,069	12,799	21,993	23,682	7,222	1,133	1,285	1,419	7,068	5,276
net assets	16,374	7,619	6,480	4,155	837	-274	4,108	1,231	-3,397	1,015	1,555	6,386	7,200	10,510	-1,477
total shareholders funds	16,374	7,619	6,480	4,155	837	-274	4,108	1,231	-3,397	1,015	1,555	6,386	7,200	10,510	-1,477

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	11,598	1,378	2,869	4,095	1,364	-4,392	3,543	5,778	-4,418	-550	-4,855	-853	-3,357	16,618	-1,581
Depreciation	209	102	153	229	148	1,571	1,982	2,503	2,451	428	325	102	153	56	83
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,918	-267	-545	-778	-261	0	-675	-1,157	0	0	0	0	0	-4,662	0
Stock	-3,075	300	1,250	1,000	-500	750	-1,250	1,000	2,000	5,500	0	0	0	0	0
Debtors	11,368	0	0	0	0	0	0	0	0	0	0	0	-6,822	4,706	2,116
Creditors	0	0	0	0	0	0	0	-23,682	16,460	6,089	-152	-134	-5,649	1,792	5,276
Accruals and Deferred Income	-860	355	616	890	1,125	30	20	1,190	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-40	-19	-29	88	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-304	1,249	1,814	3,524	2,876	-3,541	6,120	-16,368	12,493	467	-4,682	-885	-2,031	9,098	1,662
Investing Activities
capital expenditure	0	0	0	-599	5,902	0	0	0	-13,794	-636	-769	0	-349	0	-250
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-599	5,902	0	0	0	-13,794	-636	-769	0	-349	0	-250
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-496	-2,246	-3,088	-7,999	2,240	-9,214	20,803	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	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	76	28	1	1	8	10	9	7	6	10	24	39	47	30	4
cash flow from financing	76	-468	-2,245	-3,087	-7,991	2,250	-9,205	20,810	6	10	24	39	47	30	104
cash and cash equivalents
cash	-229	781	-431	-162	787	-1,291	-3,085	4,442	-1,295	-159	-5,427	-846	-2,333	9,129	1,516
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-229	781	-431	-162	787	-1,291	-3,085	4,442	-1,295	-159	-5,427	-846	-2,333	9,129	1,516

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IB ENGINEERING CONSULTANTS LIMITED group structure

Ib Engineering Consultants Limited has no subsidiary companies.

Ultimate parent company

IB ENGINEERING CONSULTANTS LIMITED

06700144

IB ENGINEERING CONSULTANTS LIMITED Shareholders

ian gary burton	50%
carole jean elizabeth burton	50%

Ib Engineering Consultants Limited currently has 1 director, Mr Ian Burton serving since Sep 2008.

officer	country	age	start	end	role
Mr Ian Burton		60 years	Sep 2008	-	Director

P&L

September 2023

turnover

48k

-55%

operating profit

11.6k

gross margin

32%

+4.33%

turnover

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

Balance Sheet

September 2023

net assets

16.4k

+1.15%

total assets

19.7k

+0.66%

cash

1.4k

-0.14%

net assets

Total assets minus all liabilities

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company number

06700144

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

September 2008

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

43 caedmons prospect, chubb hill road, whitby, north yorkshire, YO21 1HF

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ib engineering consultants limited Company Information

ib engineering consultants limited Estimated Valuation

ib engineering consultants limited Estimated Valuation

ib engineering consultants limited Estimated Valuation

Ib Engineering Consultants Limited Overview

Ib Engineering Consultants Limited Health Check

IB ENGINEERING CONSULTANTS LIMITED financials

ib engineering consultants limited Credit Report and Business Information

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ib engineering consultants limited Ownership

ib engineering consultants limited directors

ib engineering consultants limited company details

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