Am Engineering Ltd

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am engineering ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06924502

Next Accounts

Dec 2024

Industry

Engineering design activities for industrial process and production

Directors

Jonathan O'Neill

Shareholders

jonathan peter o'neill

michael westthorp

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Group Structure

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Contact

Registered Address

the grange business centre, belasis avenue, billingham, teesside, TS23 1LG

Website

www.amengineeringltd.com

am engineering ltd Estimated Valuation

£35.9k

Pomanda estimates the enterprise value of AM ENGINEERING LTD at £35.9k based on a Turnover of £68.5k and 0.52x industry multiple (adjusted for size and gross margin).

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Am Engineering Ltd is a live company located in billingham, TS23 1LG with a Companies House number of 06924502. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in June 2009, it's largest shareholder is jonathan peter o'neill with a 50% stake. Am Engineering Ltd is a established, micro sized company, Pomanda has estimated its turnover at £68.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Am Engineering Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

2 Regular

9 Weak

Size

annual sales of £68.5k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (4.8%)

EXPORT

Am Engineering Ltd's latest turnover from March 2023 is estimated at £68.5 thousand and the company has net assets of £2.2 thousand. According to their latest financial statements, Am Engineering Ltd has 1 employee and maintains cash reserves of £3.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Apr 2011	Mar 2010
Turnover	68,522	75,993	179,050	189,556	2,711,784	1,230,293	1,099,562	640,101	2,195,239	743,496	0	0	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	46,371	53,054	125,749	135,409	1,882,939	800,941	697,732	412,904	1,413,391	479,365	0	0	0	0
Gross Profit	22,150	22,939	53,301	54,147	263,832	429,351	401,830	227,197	781,848	264,131	0	0	0	0
Admin Expenses	21,527	42,988	51,588	91,800	277,510	442,437	727,446	222,324	507,558	75,982	-50,888	-61,331	-15,651	9,718
Operating Profit	623	-20,049	1,713	-37,653	-13,678	-13,086	-325,616	4,873	274,290	188,149	50,888	61,331	15,651	-9,718
Interest Payable	3,972	3,094	2,635	1,110	17,152	7,610	0	0	0	0	0	0	0	0
Interest Receivable	738	247	23	16	0	392	676	1,349	1,206	1,350	757	348	128	5
Pre-Tax Profit	-2,611	-22,896	-899	-38,747	-30,830	-20,305	-324,940	6,223	275,496	189,499	51,645	61,678	15,778	-9,713
Tax	0	0	0	0	-12,075	0	0	-1,244	-57,854	-43,585	-12,395	-16,036	-4,102	0
Profit After Tax	-2,611	-22,896	-899	-38,747	-42,905	-20,305	-324,940	4,978	217,642	145,914	39,250	45,642	11,676	-9,713
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,611	-22,896	-899	-38,747	-42,905	-20,305	-324,940	4,978	217,642	145,914	39,250	45,642	11,676	-9,713
Employee Costs	55,301	50,288	46,582	193,870	209,963	284,356	280,133	224,288	768,167	251,689	0	0	0	0
Number Of Employees	1	1	1	4	4	6	6	5	17	5	0	0	0	0
EBITDA*	1,178	-19,356	2,579	-36,875	-3,973	4,706	-316,772	6,791	283,367	196,978	58,968	67,266	17,324	-8,988

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Apr 2011	Mar 2010
Tangible Assets	2,217	2,772	3,465	4,331	5,291	62,202	79,436	1,786	3,704	10,068	15,903	21,339	5,961	2,921
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	43,096	42,381	24,457	36,790	39,606	51,681	49,142	1,472	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	45,313	45,153	27,922	41,121	44,897	113,883	128,578	3,258	3,704	10,068	15,903	21,339	5,961	2,921
Stock & work in progress	15,000	15,000	50,000	47,398	155,736	96,265	0	0	0	0	0	0	0	0
Trade Debtors	0	15,361	55,185	28,548	805,626	219,328	228,946	131,570	464,792	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	39,184	16,518	13,733	6,107	0	527,667	70,578	125,390	0	0	0	0	0	0
Cash	3,170	31,570	34,329	12,157	19,131	582	156,049	384,640	155,090	327,461	212,584	90,167	48,833	2,178
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	57,354	78,449	153,247	94,210	980,493	843,842	455,573	641,600	619,882	327,461	212,584	90,167	48,833	2,178
total assets	102,667	123,602	181,169	135,331	1,025,390	957,725	584,151	644,858	623,586	337,529	228,487	111,506	54,794	5,099
Bank overdraft	10,000	10,000	7,500	36,388	0	109,596	0	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	3,951	10,549	22,294	301	935,663	402,649	265,124	78,990	172,334	104,660	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	60,697	66,589	81,182	70,050	0	176,738	139,561	110,379	0	0	141,532	63,801	52,731	14,712
total current liabilities	74,648	87,138	110,976	106,739	935,663	688,983	404,685	189,369	172,334	104,660	141,532	63,801	52,731	14,712
loans	25,833	31,667	42,500	0	0	124,562	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	22,388	33,936	48,917	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	741	0	0	0	0	0
total long term liabilities	25,833	31,667	42,500	0	22,388	158,498	48,917	0	741	0	0	0	0	0
total liabilities	100,481	118,805	153,476	106,739	958,051	847,481	453,602	189,369	173,075	104,660	141,532	63,801	52,731	14,712
net assets	2,186	4,797	27,693	28,592	67,339	110,244	130,549	455,489	450,511	232,869	86,955	47,705	2,063	-9,613
total shareholders funds	2,186	4,797	27,693	28,592	67,339	110,244	130,549	455,489	450,511	232,869	86,955	47,705	2,063	-9,613

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Apr 2011	Mar 2010
Operating Activities
Operating Profit	623	-20,049	1,713	-37,653	-13,678	-13,086	-325,616	4,873	274,290	188,149	50,888	61,331	15,651	-9,718
Depreciation	555	693	866	778	9,705	17,792	8,844	1,918	9,077	8,829	8,080	5,935	1,673	730
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-12,075	0	0	-1,244	-57,854	-43,585	-12,395	-16,036	-4,102	0
Stock	0	-35,000	2,602	-108,338	59,471	96,265	0	0	0	0	0	0	0	0
Debtors	7,305	-37,039	34,263	-770,971	58,631	447,471	42,564	-207,832	464,792	0	0	0	0	0
Creditors	-6,598	-11,745	21,993	-935,362	533,014	137,525	186,134	-93,344	67,674	104,660	0	0	0	0
Accruals and Deferred Income	-5,892	-14,593	11,132	70,050	-176,738	37,177	29,182	110,379	0	-141,532	77,731	11,070	38,019	14,712
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-741	741	0	0	0	0	0
Cash flow from operations	-18,617	26,345	-1,161	-22,878	222,126	-364,328	-144,020	229,673	-170,864	116,521	124,304	62,300	51,241	5,724
Investing Activities
capital expenditure	0	0	0	182	47,206	-558	-86,494	0	-2,713	-2,994	-2,644	-21,313	-4,713	-3,651
Change in Investments	715	17,924	-12,333	-2,816	-12,075	2,539	47,670	1,472	0	0	0	0	0	0
cash flow from investments	-715	-17,924	12,333	2,998	59,281	-3,097	-134,164	-1,472	-2,713	-2,994	-2,644	-21,313	-4,713	-3,651
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	-5,834	-10,833	42,500	0	-124,562	124,562	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
other long term liabilities	0	0	0	-22,388	-11,548	-14,981	48,917	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-3,234	-2,847	-2,612	-1,094	-17,152	-7,218	676	1,349	1,206	1,350	757	348	128	5
cash flow from financing	-9,068	-13,680	39,888	-23,482	-153,262	102,363	49,593	1,349	1,206	1,350	757	348	128	105
cash and cash equivalents
cash	-28,400	-2,759	22,172	-6,974	18,549	-155,467	-228,591	229,550	-172,371	114,877	122,417	41,334	46,655	2,178
overdraft	0	2,500	-28,888	36,388	-109,596	109,596	0	0	0	0	0	0	0	0
change in cash	-28,400	-5,259	51,060	-43,362	128,145	-265,063	-228,591	229,550	-172,371	114,877	122,417	41,334	46,655	2,178

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AM ENGINEERING LTD group structure

Am Engineering Ltd has no subsidiary companies.

Ultimate parent company

AM ENGINEERING LTD

06924502

AM ENGINEERING LTD Shareholders

jonathan peter o'neill	50%
michael westthorp	46%
trustees of westthorp grandchildren's trust no 1	3%
lisa mary westthorp	1%

Am Engineering Ltd currently has 1 director, Mr Jonathan O'Neill serving since Apr 2012.

officer	country	age	start	end	role
Mr Jonathan O'Neill		51 years	Apr 2012	-	Director

P&L

March 2023

turnover

68.5k

-10%

operating profit

622.7

gross margin

32.4%

+7.09%

turnover

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

Balance Sheet

March 2023

net assets

2.2k

-0.54%

total assets

102.7k

-0.17%

cash

3.2k

-0.9%

net assets

Total assets minus all liabilities

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company number

06924502

Type

Private limited with Share Capital

industry

71121 - Engineering design activities for industrial process and production

incorporation date

June 2009

ultimate parent company

None

previous names

N/A

address

the grange business centre, belasis avenue, billingham, teesside, TS23 1LG

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 am engineering ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

am engineering ltd Company Information

am engineering ltd Estimated Valuation

am engineering ltd Estimated Valuation

am engineering ltd Estimated Valuation

Am Engineering Ltd Overview

Am Engineering Ltd Health Check

AM ENGINEERING LTD financials

am engineering ltd Credit Report and Business Information

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am engineering ltd Ownership

am engineering ltd directors

am engineering ltd company details

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