l m engineering services limited
l m engineering services limited Company Information
Company Number
07014749
Website
lmeng.co.ukRegistered Address
2nd floor 14 castle street, liverpool, L2 ONE
Industry
Manufacture of cutlery
Telephone
-
Next Accounts Due
3496 days late
Group Structure
View All
Shareholders
david joseph white 33.3%
simon lee gledhill 33.3%
View Alll m engineering services limited Estimated Valuation
The estimated valuation range for l m engineering services limited, derived from financial data as of December 2012 and the most recent industry multiples, is between £1.6m to £7.6m
l m engineering services limited Estimated Valuation
The estimated valuation range for l m engineering services limited, derived from financial data as of December 2012 and the most recent industry multiples, is between £1.6m to £7.6m
l m engineering services limited Estimated Valuation
The estimated valuation range for l m engineering services limited, derived from financial data as of December 2012 and the most recent industry multiples, is between £1.6m to £7.6m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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L M Engineering Services Limited Overview
L M Engineering Services Limited is a live company located in liverpool, L2 ONE with a Companies House number of 07014749. It operates in the manufacture of cutlery sector, SIC Code 25710. Founded in September 2009, it's largest shareholder is david joseph white with a 33.3% stake. L M Engineering Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.1m with unknown growth in recent years.
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L M Engineering Services Limited Health Check
Pomanda's financial health check has awarded L M Engineering Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £11.1m, make it larger than the average company (£8.1m)
£11.1m - L M Engineering Services Limited
£8.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- L M Engineering Services Limited
- - Industry AVG
Production
with a gross margin of 60.6%, this company has a lower cost of product (49.8%)
60.6% - L M Engineering Services Limited
49.8% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (5.1%)
1.7% - L M Engineering Services Limited
5.1% - Industry AVG
Employees
with 66 employees, this is similar to the industry average (55)
66 - L M Engineering Services Limited
55 - Industry AVG
Pay Structure
on an average salary of £42k, the company has a higher pay structure (£32.8k)
£42k - L M Engineering Services Limited
£32.8k - Industry AVG
Efficiency
resulting in sales per employee of £168k, this is more efficient (£83.4k)
£168k - L M Engineering Services Limited
£83.4k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (42 days)
40 days - L M Engineering Services Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (41 days)
41 days - L M Engineering Services Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - L M Engineering Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (26 weeks)
21 weeks - L M Engineering Services Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.5%, this is a higher level of debt than the average (48.6%)
58.5% - L M Engineering Services Limited
48.6% - Industry AVG
l m engineering services limited Credit Report and Business Information
L M Engineering Services Limited Competitor Analysis
Perform a competitor analysis for l m engineering services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
l m engineering services limited Ownership
L M ENGINEERING SERVICES LIMITED group structure
L M Engineering Services Limited has no subsidiary companies.
Ultimate parent company
L M ENGINEERING SERVICES LIMITED
07014749
l m engineering services limited directors
L M Engineering Services Limited currently has 2 directors. The longest serving directors include Mr Simon Gledhill (Sep 2009) and Mr Malcolm Taylor (Nov 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Gledhill | England | 58 years | Sep 2009 | - | Director |
| Mr Malcolm Taylor | England | 61 years | Nov 2012 | - | Director |
L M ENGINEERING SERVICES LIMITED financials
L M Engineering Services Limited's latest turnover from December 2012 is £11.1 million and the company has net assets of £815.6 thousand. According to their latest financial statements, L M Engineering Services Limited has 66 employees and maintains cash reserves of £474.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|
| Turnover | 11,085,518 | 8,789,075 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 4,363,920 | 3,874,747 | |
| Gross Profit | 6,721,598 | 4,914,328 | |
| Admin Expenses | 6,539,075 | 3,596,943 | |
| Operating Profit | 182,523 | 1,317,385 | |
| Interest Payable | 4,167 | 0 | |
| Interest Receivable | 5,622 | 463 | |
| Pre-Tax Profit | 183,978 | 1,317,848 | |
| Tax | -40,171 | -357,957 | |
| Profit After Tax | 143,807 | 959,891 | |
| Dividends Paid | 80,000 | 510,000 | |
| Retained Profit | 63,807 | 449,891 | |
| Employee Costs | 2,769,471 | 4,584,917 | |
| Number Of Employees | 66 | ||
| EBITDA* | 311,919 | 1,415,402 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|
| Tangible Assets | 104,605 | 159,793 | 118,050 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 75,000 | 75,000 | 75,000 |
| Total Fixed Assets | 179,605 | 234,793 | 193,050 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 1,217,765 | 246,281 | 102,717 |
| Group Debtors | 57,905 | 15,390 | 0 |
| Misc Debtors | 36,150 | 57,590 | 0 |
| Cash | 474,098 | 1,785,022 | 972,615 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,785,918 | 2,104,283 | 1,075,332 |
| total assets | 1,965,523 | 2,339,076 | 1,268,382 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 490,334 | 518,532 | 948,581 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 651,279 | 1,042,681 | 0 |
| total current liabilities | 1,141,613 | 1,561,213 | 948,581 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 8,268 | 26,028 | 17,857 |
| total long term liabilities | 8,268 | 26,028 | 17,857 |
| total liabilities | 1,149,881 | 1,587,241 | 966,438 |
| net assets | 815,642 | 751,835 | 301,944 |
| total shareholders funds | 815,642 | 751,835 | 301,944 |
| Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 182,523 | 1,317,385 | |
| Depreciation | 129,396 | 98,017 | 20,298 |
| Amortisation | 0 | 0 | 0 |
| Tax | -40,171 | -357,957 | |
| Stock | 0 | 0 | 0 |
| Debtors | 992,559 | 216,544 | 177,717 |
| Creditors | -28,198 | -430,049 | 948,581 |
| Accruals and Deferred Income | -391,402 | 1,042,681 | 0 |
| Deferred Taxes & Provisions | -17,760 | 8,171 | 17,857 |
| Cash flow from operations | -1,158,171 | 1,461,704 | |
| Investing Activities | |||
| capital expenditure | -72,123 | -141,589 | |
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | -72,123 | -141,589 | |
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | 1,455 | 463 | |
| cash flow from financing | 1,455 | 463 | |
| cash and cash equivalents | |||
| cash | -1,310,924 | 812,407 | 972,615 |
| overdraft | 0 | 0 | 0 |
| change in cash | -1,310,924 | 812,407 | 972,615 |
P&L
December 2012turnover
11.1m
+26%
operating profit
182.5k
-86%
gross margin
60.7%
+8.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2012net assets
815.6k
+0.08%
total assets
2m
-0.16%
cash
474.1k
-0.73%
net assets
Total assets minus all liabilities
l m engineering services limited company details
company number
07014749
Type
Private limited with Share Capital
industry
25710 - Manufacture of cutlery
incorporation date
September 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
l m project services limited (September 2009)
incorporated
UK
address
2nd floor 14 castle street, liverpool, L2 ONE
last accounts submitted
December 2012
l m engineering services 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 l m engineering services limited.
l m engineering services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
