Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
11 glasshouse street, st peters,, newcastle upon tyne, tyne & wear, NE6 1BS
Pomanda estimates the enterprise value of BRITISH ENGINES LIMITED at £281.4m based on a Turnover of £141.6m and 1.99x industry multiple (adjusted for size and gross margin).
british engines limitedEstimated Valuation
£116.7m
Pomanda estimates the enterprise value of BRITISH ENGINES LIMITED at £116.7m based on an EBITDA of £13.9m and a 8.39x industry multiple (adjusted for size and gross margin).
british engines limitedEstimated Valuation
£108m
Pomanda estimates the enterprise value of BRITISH ENGINES LIMITED at £108m based on Net Assets of £85.1m and 1.27x industry multiple (adjusted for liquidity).
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British Engines LimitedOverview
British Engines Limited is a live company located in newcastle upon tyne, NE6 1BS with a Companies House number of 07159707. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2010, it's largest shareholder is
2291 leb limited
with a 100% stake. British Engines Limited is a established,
mega sized company, Pomanda has estimated its turnover at
£141.6m with
declining
growth in recent years.
Pomanda's financial health check has awarded British Engines 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 £141.6m, make it larger than the average company (£18.8m)
£141.6m - British Engines Limited
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (9.4%)
-13% - British Engines Limited
9.4% - Industry AVG
Production
with a gross margin of 27.8%, this company has a higher cost of product (34.8%)
27.8% - British Engines Limited
34.8% - Industry AVG
Profitability
an operating margin of 4% make it as profitable than the average company (4.6%)
4% - British Engines Limited
4.6% - Industry AVG
Employees
with 1250 employees, this is above the industry average (102)
1250 - British Engines Limited
102 - Industry AVG
Pay Structure
on an average salary of £43.1k, the company has an equivalent pay structure (£43k)
£43.1k - British Engines Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £113.2k, this is less efficient (£186.3k)
£113.2k - British Engines Limited
£186.3k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (45 days)
62 days - British Engines Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (45 days)
64 days - British Engines Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 121 days, this is more than average (38 days)
121 days - British Engines Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - British Engines Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.4%, this is a lower level of debt than the average (69%)
40.4% - British Engines Limited
69% - Industry AVG
BRITISH ENGINES LIMITED financials
EXPORT
British Engines Limited's latest turnover from November 2023 is £141.6 million and the company has net assets of £85.1 million. According to their latest financial statements, British Engines Limited has 1,250 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Oct 2021
Oct 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
May 2015
May 2014
May 2013
Apr 2012
Apr 2011
May 2010
Turnover
141,551,000
129,692,000
112,708,000
214,546,000
150,811,000
138,469,000
154,371,000
139,474,000
145,078,000
156,257,000
139,118,000
109,586,000
97,351,000
73,077,000
Other Income Or Grants
Cost Of Sales
102,232,000
87,736,000
78,419,000
174,854,000
110,304,000
100,247,000
110,062,000
101,116,000
98,911,000
102,341,000
92,947,000
76,006,000
67,815,000
50,667,000
Gross Profit
39,319,000
41,956,000
34,289,000
39,692,000
40,507,000
38,222,000
44,309,000
38,358,000
46,167,000
53,916,000
46,171,000
33,580,000
29,536,000
22,410,000
Admin Expenses
33,624,000
37,570,000
28,907,000
52,607,000
38,801,000
35,759,000
41,756,000
31,365,000
32,436,000
33,132,000
30,969,000
23,868,000
21,175,000
17,983,000
Operating Profit
5,695,000
4,386,000
5,382,000
-12,915,000
1,706,000
2,463,000
2,553,000
6,993,000
13,731,000
20,784,000
15,202,000
9,712,000
8,361,000
4,427,000
Interest Payable
1,744,000
710,000
666,000
1,861,000
886,000
499,000
668,000
472,000
428,000
975,000
798,000
711,000
815,000
678,000
Interest Receivable
58,000
49,000
58,000
94,000
92,000
78,000
412,000
195,000
62,000
80,000
62,000
16,000
18,000
44,000
Pre-Tax Profit
4,145,000
4,843,000
4,962,000
-14,682,000
827,000
2,209,000
2,143,000
6,384,000
12,781,000
19,889,000
14,466,000
9,017,000
7,564,000
3,793,000
Tax
-1,039,000
720,000
438,000
2,677,000
-434,000
-452,000
-440,000
-338,000
-2,793,000
-4,371,000
-2,956,000
-2,057,000
-1,916,000
-1,137,000
Profit After Tax
3,106,000
5,563,000
5,400,000
-12,005,000
393,000
1,757,000
1,703,000
6,046,000
9,988,000
15,518,000
11,510,000
6,960,000
5,648,000
2,656,000
Dividends Paid
497,000
497,000
757,000
343,000
595,000
221,000
1,542,000
948,000
450,000
645,000
Retained Profit
1,643,000
3,939,000
3,899,000
-12,970,000
-1,000,000
896,000
-661,000
6,046,000
9,988,000
15,449,000
10,486,000
6,537,000
5,645,000
1,963,000
Employee Costs
53,813,000
48,565,000
43,342,000
84,451,000
59,191,000
52,890,000
55,519,000
54,200,000
51,775,000
47,402,000
42,759,000
34,383,000
30,491,000
25,745,000
Number Of Employees
1,250
1,184
1,116
1,386
1,501
1,350
1,398
1,362
1,284
1,173
1,080
963
901
835
EBITDA*
13,918,000
12,406,000
13,150,000
-621,000
10,590,000
10,792,000
10,173,000
13,724,000
19,831,000
26,083,000
19,661,000
13,953,000
12,284,000
8,365,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Oct 2021
Oct 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
May 2015
May 2014
May 2013
Apr 2012
Apr 2011
May 2010
Tangible Assets
67,469,000
66,403,000
64,987,000
64,062,000
70,029,000
68,310,000
66,445,000
64,730,000
62,333,000
56,470,000
46,013,000
36,774,000
35,681,000
31,331,000
Intangible Assets
3,359,000
4,732,000
5,393,000
6,753,000
10,238,000
12,780,000
13,906,000
12,848,000
5,499,000
2,107,000
700,000
839,000
977,000
1,116,000
Investments & Other
2,606,000
1,930,000
2,295,000
2,295,000
2,295,000
2,088,000
2,088,000
2,088,000
1,650,000
123,000
206,000
562,000
427,000
364,000
Debtors (Due After 1 year)
10,424,000
10,147,000
5,468,000
62,000
142,000
19,000
24,000
Total Fixed Assets
83,858,000
83,212,000
78,143,000
73,110,000
82,562,000
83,178,000
82,439,000
79,666,000
69,482,000
58,700,000
46,981,000
38,317,000
37,104,000
32,835,000
Stock & work in progress
33,971,000
34,141,000
26,467,000
25,615,000
41,480,000
27,090,000
21,482,000
26,225,000
25,797,000
23,404,000
22,565,000
12,782,000
18,265,000
12,914,000
Trade Debtors
24,076,000
23,483,000
21,160,000
25,189,000
37,046,000
35,004,000
28,870,000
29,709,000
22,878,000
24,518,000
21,376,000
16,378,000
15,609,000
11,680,000
Group Debtors
Misc Debtors
6,525,000
6,285,000
5,971,000
8,429,000
4,127,000
5,970,000
6,195,000
5,316,000
8,081,000
13,334,000
8,801,000
5,817,000
3,652,000
3,027,000
Cash
4,577,000
6,682,000
5,363,000
6,856,000
4,662,000
6,733,000
12,049,000
9,908,000
16,933,000
11,948,000
8,042,000
5,428,000
1,197,000
6,782,000
misc current assets
1,929,000
2,114,000
1,942,000
3,829,000
3,501,000
2,747,000
1,825,000
6,757,000
1,500,000
total current assets
71,078,000
72,705,000
60,903,000
69,918,000
90,816,000
77,544,000
70,421,000
77,915,000
75,189,000
73,204,000
60,784,000
40,405,000
38,723,000
34,403,000
total assets
154,936,000
155,917,000
139,046,000
143,028,000
173,378,000
160,722,000
152,860,000
157,581,000
144,671,000
131,904,000
107,765,000
78,722,000
75,827,000
67,238,000
Bank overdraft
356,000
170,000
148,000
394,000
132,000
120,000
350,000
288,000
156,000
301,000
238,000
376,000
Bank loan
700,000
700,000
Trade Creditors
18,139,000
15,267,000
17,001,000
14,148,000
26,702,000
21,421,000
15,885,000
10,318,000
13,426,000
13,970,000
11,460,000
12,699,000
10,676,000
9,635,000
Group/Directors Accounts
232,000
171,000
134,000
71,000
269,000
other short term finances
17,149,000
17,565,000
10,409,000
20,147,000
22,122,000
11,889,000
10,657,000
12,078,000
hp & lease commitments
3,182,000
3,660,000
2,798,000
3,112,000
3,406,000
2,907,000
3,136,000
2,944,000
3,316,000
2,524,000
2,395,000
1,907,000
1,920,000
2,150,000
other current liabilities
14,780,000
16,058,000
14,856,000
12,109,000
14,158,000
15,000,000
14,037,000
23,605,000
28,739,000
32,541,000
28,908,000
10,143,000
9,879,000
7,395,000
total current liabilities
53,250,000
52,906,000
45,234,000
49,664,000
66,388,000
51,611,000
43,847,000
49,065,000
45,831,000
49,555,000
43,090,000
25,184,000
23,484,000
20,525,000
loans
3,497,000
4,662,000
3,704,000
4,557,000
4,849,000
6,178,000
6,665,000
6,348,000
2,930,000
4,725,000
5,425,000
hp & lease commitments
5,158,000
6,160,000
4,683,000
6,774,000
6,989,000
5,159,000
5,669,000
6,649,000
8,314,000
5,987,000
4,398,000
2,976,000
3,588,000
3,275,000
Accruals and Deferred Income
741,000
294,000
396,000
327,000
other liabilities
613,000
485,000
529,000
575,000
672,000
752,000
849,000
946,000
552,000
413,000
438,000
provisions
655,000
1,841,000
2,488,000
3,213,000
3,480,000
2,205,000
1,886,000
1,891,000
1,720,000
1,848,000
total long term liabilities
9,268,000
11,307,000
8,916,000
11,906,000
13,165,000
13,930,000
15,671,000
17,156,000
16,017,000
8,486,000
6,680,000
5,194,000
10,446,000
10,986,000
total liabilities
62,518,000
64,213,000
54,150,000
61,570,000
79,553,000
65,541,000
59,518,000
66,221,000
61,848,000
58,041,000
49,770,000
30,378,000
33,930,000
31,511,000
net assets
85,090,000
84,651,000
79,180,000
75,847,000
88,605,000
90,486,000
89,687,000
87,766,000
82,224,000
73,452,000
57,574,000
48,013,000
41,501,000
35,328,000
total shareholders funds
85,090,000
84,651,000
79,180,000
75,847,000
88,605,000
90,486,000
89,687,000
87,766,000
82,224,000
73,452,000
57,574,000
48,013,000
41,501,000
35,328,000
Nov 2023
Nov 2022
Oct 2021
Oct 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
May 2015
May 2014
May 2013
Apr 2012
Apr 2011
May 2010
Operating Activities
Operating Profit
5,695,000
4,386,000
5,382,000
-12,915,000
1,706,000
2,463,000
2,553,000
6,993,000
13,731,000
20,784,000
15,202,000
9,712,000
8,361,000
4,427,000
Depreciation
6,895,000
6,589,000
6,289,000
9,847,000
6,577,000
6,032,000
5,767,000
5,705,000
5,407,000
5,160,000
4,320,000
4,103,000
3,784,000
3,740,000
Amortisation
1,328,000
1,431,000
1,479,000
2,447,000
2,307,000
2,297,000
1,853,000
1,026,000
693,000
139,000
139,000
138,000
139,000
198,000
Tax
-1,039,000
720,000
438,000
2,677,000
-434,000
-452,000
-440,000
-338,000
-2,793,000
-4,371,000
-2,956,000
-2,057,000
-1,916,000
-1,137,000
Stock
-170,000
7,674,000
852,000
-15,865,000
14,390,000
5,608,000
-4,743,000
428,000
2,393,000
839,000
9,783,000
-5,483,000
5,351,000
12,914,000
Debtors
1,110,000
7,316,000
-1,019,000
-7,555,000
199,000
5,909,000
40,000
4,066,000
-6,893,000
7,613,000
7,902,000
3,057,000
4,549,000
14,731,000
Creditors
2,872,000
-1,734,000
2,853,000
-12,554,000
5,281,000
5,536,000
5,567,000
-3,108,000
-544,000
2,510,000
-1,239,000
2,023,000
1,041,000
9,635,000
Accruals and Deferred Income
-1,278,000
1,202,000
2,747,000
-2,049,000
-842,000
963,000
-9,568,000
-5,875,000
-3,355,000
3,531,000
18,834,000
591,000
2,484,000
7,395,000
Deferred Taxes & Provisions
-655,000
-1,186,000
-647,000
-725,000
-267,000
1,275,000
319,000
-5,000
171,000
-128,000
1,848,000
Cash flow from operations
13,533,000
-2,396,000
19,355,000
10,218,000
-1,180,000
4,675,000
9,710,000
-358,000
18,914,000
19,620,000
16,610,000
17,107,000
3,865,000
-1,539,000
Investing Activities
capital expenditure
-10,163,000
-11,459,000
-8,065,000
-19,665,000
-16,865,000
-13,724,000
-4,925,000
-7,620,000
-4,605,000
Change in Investments
676,000
-365,000
207,000
438,000
1,527,000
-83,000
-356,000
135,000
63,000
364,000
cash flow from investments
-676,000
365,000
-10,370,000
-11,459,000
-8,065,000
-20,103,000
-1,527,000
-16,782,000
-13,368,000
-5,060,000
-7,683,000
-4,969,000
Financing Activities
Bank loans
-700,000
700,000
Group/Directors Accounts
-232,000
61,000
37,000
63,000
-198,000
269,000
Other Short Term Loans
-416,000
7,156,000
-9,738,000
-1,975,000
10,233,000
1,232,000
-1,421,000
12,078,000
Long term loans
-1,165,000
958,000
-853,000
-292,000
-1,329,000
-487,000
317,000
3,418,000
2,930,000
-4,725,000
-700,000
5,425,000
Hire Purchase and Lease Commitments
-1,480,000
2,339,000
-2,405,000
-509,000
2,329,000
-739,000
-788,000
-2,037,000
3,119,000
1,718,000
1,910,000
-625,000
83,000
5,425,000
other long term liabilities
128,000
-44,000
-46,000
-97,000
-80,000
-97,000
-97,000
394,000
552,000
-413,000
-25,000
438,000
share issue
-1,204,000
1,532,000
-566,000
212,000
-881,000
-97,000
2,582,000
-504,000
-1,216,000
429,000
-925,000
-25,000
528,000
33,365,000
interest
-1,686,000
-661,000
-608,000
-1,767,000
-794,000
-421,000
-256,000
-277,000
-366,000
-895,000
-736,000
-695,000
-797,000
-634,000
cash flow from financing
-5,823,000
11,280,000
-14,216,000
-4,428,000
9,478,000
-609,000
337,000
13,072,000
4,787,000
1,313,000
286,000
-7,120,000
-1,109,000
44,988,000
cash and cash equivalents
cash
-2,105,000
1,319,000
-1,493,000
2,194,000
-2,071,000
-5,316,000
2,141,000
-7,025,000
4,985,000
3,906,000
2,614,000
4,231,000
-5,585,000
6,782,000
overdraft
-356,000
186,000
22,000
148,000
-394,000
262,000
12,000
-230,000
62,000
132,000
-145,000
63,000
-138,000
376,000
change in cash
-1,749,000
1,133,000
-1,515,000
2,046,000
-1,677,000
-5,578,000
2,129,000
-6,795,000
4,923,000
3,774,000
2,759,000
4,168,000
-5,447,000
6,406,000
british engines 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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british engines limited Ownership
BRITISH ENGINES LIMITED group structure
British Engines Limited has 5 subsidiary companies.
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2010
age
15
incorporated
UK
ultimate parent company
2291 LEB LTD
accounts
Group
last accounts submitted
November 2023
previous names
algwn limited (April 2010)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
11 glasshouse street, st peters,, newcastle upon tyne, tyne & wear, NE6 1BS
Bank
-
Legal Advisor
-
british engines 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 found 4 charges/mortgages relating to british engines limited. Currently there are 2 open charges and 2 have been satisfied in the past.
british engines 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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british engines limitedCompanies House Filings - See Documents
