ford engineering limited

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ford engineering limited Company Information

Share FORD ENGINEERING LIMITED

Company Number

06900383

Directors

George Ford

Shareholders

jirawan phumphatun

george austin ford

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

perrow cottage crickham, wedmore, somerset, BS28 4JP

ford engineering limited Estimated Valuation

£91.9k

Pomanda estimates the enterprise value of FORD ENGINEERING LIMITED at £91.9k based on a Turnover of £231.8k and 0.4x industry multiple (adjusted for size and gross margin).

ford engineering limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FORD ENGINEERING LIMITED at £0 based on an EBITDA of £-1.4k and a 2.9x industry multiple (adjusted for size and gross margin).

ford engineering limited Estimated Valuation

£40k

Pomanda estimates the enterprise value of FORD ENGINEERING LIMITED at £40k based on Net Assets of £18.7k and 2.13x industry multiple (adjusted for liquidity).

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Ford Engineering Limited Overview

Ford Engineering Limited is a live company located in somerset, BS28 4JP with a Companies House number of 06900383. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2009, it's largest shareholder is jirawan phumphatun with a 50% stake. Ford Engineering Limited is a established, micro sized company, Pomanda has estimated its turnover at £231.8k with high growth in recent years.

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Ford Engineering Limited Health Check

Pomanda's financial health check has awarded Ford Engineering Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £231.8k, make it smaller than the average company (£3.7m)

£231.8k - Ford Engineering Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.2%)

23% - Ford Engineering Limited

8.2% - Industry AVG

production

Production

with a gross margin of 17.1%, this company has a higher cost of product (38.1%)

17.1% - Ford Engineering Limited

38.1% - Industry AVG

profitability

Profitability

an operating margin of -0.6% make it less profitable than the average company (5.7%)

-0.6% - Ford Engineering Limited

5.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (22)

1 - Ford Engineering Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)

£46.5k - Ford Engineering Limited

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £231.8k, this is more efficient (£145.9k)

£231.8k - Ford Engineering Limited

£145.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 123 days, this is later than average (36 days)

123 days - Ford Engineering Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 113 days, this is slower than average (33 days)

113 days - Ford Engineering Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ford Engineering Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Ford Engineering Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.4%, this is a higher level of debt than the average (58.8%)

76.4% - Ford Engineering Limited

58.8% - Industry AVG

FORD ENGINEERING LIMITED financials

EXPORTms excel logo

Ford Engineering Limited's latest turnover from March 2024 is estimated at £231.8 thousand and the company has net assets of £18.7 thousand. According to their latest financial statements, Ford Engineering Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover231,795180,866171,809124,223163,43133,37357,28856,68917,96613,39630,82828,07022,07523,38212,242
Other Income Or Grants
Cost Of Sales192,150149,373143,889104,718135,30527,81147,66546,66514,86011,15325,68223,25018,09219,0539,870
Gross Profit39,64531,49227,92019,50528,1265,5629,62310,0243,1062,2435,1474,8193,9844,3292,372
Admin Expenses41,06034,23934,28324,36922,479-30,2259,19210,05614,2835,416-5,0224,1641,1284881,334
Operating Profit-1,415-2,747-6,363-4,8645,64735,787431-32-11,177-3,17310,1696552,8563,8411,038
Interest Payable
Interest Receivable2016716356134135100815619
Pre-Tax Profit-1,415-2,747-6,363-4,8645,66735,954447-29-11,121-3,03910,3047552,9383,8971,057
Tax-1,077-6,831-85-2,370-181-764-1,091-296
Profit After Tax-1,415-2,747-6,363-4,8644,59029,123362-29-11,121-3,0397,9345742,1742,806761
Dividends Paid
Retained Profit-1,415-2,747-6,363-4,8644,59029,123362-29-11,121-3,0397,9345742,1742,806761
Employee Costs46,51444,76742,25340,16739,77438,56836,36535,56535,65535,50935,26734,78934,71434,23635,389
Number Of Employees111111111111111
EBITDA*-1,415-2,747-6,363-4,8645,64735,787431-32-11,177-3,17310,1696552,8563,8411,038

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets652
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets652
Stock & work in progress
Trade Debtors78,62866,11852,35048,68352,2243,24231311,7331,9271,9992,9231,341
Group Debtors
Misc Debtors439
Cash39,2975,3321,22183521,53131,90222,12717,80814,7427,662
misc current assets
total current assets78,62866,55752,35048,68352,22442,5395,3321,22186621,56233,63524,05419,80717,6659,003
total assets79,28066,55752,35048,68352,22442,5395,3321,22186621,56233,63524,05419,80717,6659,003
Bank overdraft
Bank loan
Trade Creditors 59,93244,49928,61618,55616,9893810,35019,38417,73714,06414,0978,241
Group/Directors Accounts43
other short term finances
hp & lease commitments
other current liabilities12,9924,9081,159694
total current liabilities59,93244,49928,61618,55616,98912,9924,9081,15977510,35019,38417,73714,06414,0978,241
loans
hp & lease commitments
Accruals and Deferred Income6021,8978268561,100
other liabilities
provisions
total long term liabilities6021,8978268561,100
total liabilities60,53446,39629,44219,41218,08912,9924,9081,15977510,35019,38417,73714,06414,0978,241
net assets18,74620,16122,90829,27134,13529,547424629111,21214,2516,3175,7433,568762
total shareholders funds18,74620,16122,90829,27134,13529,547424629111,21214,2516,3175,7433,568762
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-1,415-2,747-6,363-4,8645,64735,787431-32-11,177-3,17310,1696552,8563,8411,038
Depreciation
Amortisation
Tax-1,077-6,831-85-2,370-181-764-1,091-296
Stock
Debtors12,07114,2073,667-3,54148,9823,242-31-1,702-194-72-9241,5821,341
Creditors15,43315,88310,0601,56716,989-38-10,312-9,0341,6473,673-335,8568,241
Accruals and Deferred Income-1,2951,071-30-244-11,8928,0843,749465694
Deferred Taxes & Provisions
Cash flow from operations652-39,31533,7984,095426-20,795-10,5059,6404,2192,9837,0247,642
Investing Activities
capital expenditure-652
Change in Investments
cash flow from investments-652
Financing Activities
Bank loans
Group/Directors Accounts-4343
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-211
interest2016716356134135100815619
cash flow from financing1816716-4099134135100825620
cash and cash equivalents
cash-39,29733,9654,111386-20,696-10,3719,7754,3193,0667,0807,662
overdraft
change in cash-39,29733,9654,111386-20,696-10,3719,7754,3193,0667,0807,662

ford engineering limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ford Engineering Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ford engineering limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in BS28 area or any other competitors across 12 key performance metrics.

ford engineering limited Ownership

FORD ENGINEERING LIMITED group structure

Ford Engineering Limited has no subsidiary companies.

Ultimate parent company

FORD ENGINEERING LIMITED

06900383

FORD ENGINEERING LIMITED Shareholders

jirawan phumphatun 50%
george austin ford 50%

ford engineering limited directors

Ford Engineering Limited currently has 1 director, Mr George Ford serving since May 2009.

officercountryagestartendrole
Mr George FordEngland55 years May 2009- Director

P&L

March 2024

turnover

231.8k

+28%

operating profit

-1.4k

0%

gross margin

17.2%

-1.77%

turnover

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

Balance Sheet

March 2024

net assets

18.7k

-0.07%

total assets

79.3k

+0.19%

cash

0

0%

net assets

Total assets minus all liabilities

ford engineering limited company details

company number

06900383

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

TONI HAEL

auditor

-

address

perrow cottage crickham, wedmore, somerset, BS28 4JP

Bank

-

Legal Advisor

-

ford 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 did not find charges/mortgages relating to ford engineering limited.

ford 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.

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ford engineering limited Companies House Filings - See Documents

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