smiths engineering ltd.
smiths engineering ltd. Company Information
Company Number
07811078
Next Accounts
Jul 2025
Shareholders
paul smith
elaine smith
Group Structure
View All
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
unit 3 pavillion workshops, park road, holmewood industrial, chesterfield, derbyshire, S42 5UY
Website
www.smithsengineeringltd.comsmiths engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of SMITHS ENGINEERING LTD. at £35.1k based on a Turnover of £76.4k and 0.46x industry multiple (adjusted for size and gross margin).
smiths engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of SMITHS ENGINEERING LTD. at £10k based on an EBITDA of £2.6k and a 3.78x industry multiple (adjusted for size and gross margin).
smiths engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of SMITHS ENGINEERING LTD. at £155.3k based on Net Assets of £60.3k and 2.57x industry multiple (adjusted for liquidity).
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Smiths Engineering Ltd. Overview
Smiths Engineering Ltd. is a live company located in chesterfield, S42 5UY with a Companies House number of 07811078. It operates in the other engineering activities sector, SIC Code 71129. Founded in October 2011, it's largest shareholder is paul smith with a 50% stake. Smiths Engineering Ltd. is a established, micro sized company, Pomanda has estimated its turnover at £76.4k with declining growth in recent years.
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Smiths Engineering Ltd. Health Check
Pomanda's financial health check has awarded Smiths Engineering Ltd. a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £76.4k, make it smaller than the average company (£3.7m)
- Smiths Engineering Ltd.
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (7.2%)
- Smiths Engineering Ltd.
7.2% - Industry AVG
Production
with a gross margin of 34.6%, this company has a comparable cost of product (34.6%)
- Smiths Engineering Ltd.
34.6% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (6.4%)
- Smiths Engineering Ltd.
6.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (27)
1 - Smiths Engineering Ltd.
27 - Industry AVG
Pay Structure
on an average salary of £54.8k, the company has an equivalent pay structure (£54.8k)
- Smiths Engineering Ltd.
£54.8k - Industry AVG
Efficiency
resulting in sales per employee of £76.4k, this is less efficient (£125.6k)
- Smiths Engineering Ltd.
£125.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Smiths Engineering Ltd.
- - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (28 days)
- Smiths Engineering Ltd.
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Smiths Engineering Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (19 weeks)
78 weeks - Smiths Engineering Ltd.
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.9%, this is a similar level of debt than the average (56.8%)
61.9% - Smiths Engineering Ltd.
56.8% - Industry AVG
SMITHS ENGINEERING LTD. financials
Smiths Engineering Ltd.'s latest turnover from October 2023 is estimated at £76.4 thousand and the company has net assets of £60.3 thousand. According to their latest financial statements, Smiths Engineering Ltd. has 1 employee and maintains cash reserves of £145 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,446 | 16,052 | 4,346 | 6,852 | 5,535 | 7,233 | 7,036 | 7,633 | 8,058 | 9,952 | 7,251 | 8,619 |
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 12,446 | 16,052 | 4,346 | 6,852 | 5,535 | 7,233 | 7,036 | 7,633 | 8,058 | 9,952 | 7,251 | 8,619 |
| Stock & work in progress | 5,450 | 6,500 | 7,501 | 31,693 | 2,000 | |||||||
| Trade Debtors | 21,236 | 83,523 | 4,708 | 6,012 | 6,420 | 5,327 | 13,330 | 39,723 | 41,902 | |||
| Group Debtors | ||||||||||||
| Misc Debtors | 953 | 850 | 987 | 11,987 | 14,980 | 850 | ||||||
| Cash | 144,993 | 121,215 | 114,499 | 121,955 | 43,300 | 93,030 | 48,831 | 49,738 | 62,582 | 40,769 | 26,289 | 24,136 |
| misc current assets | 2,103 | |||||||||||
| total current assets | 145,946 | 122,065 | 115,486 | 155,178 | 141,803 | 97,738 | 57,796 | 61,608 | 74,409 | 61,600 | 97,705 | 68,038 |
| total assets | 158,392 | 138,117 | 119,832 | 162,030 | 147,338 | 104,971 | 64,832 | 69,241 | 82,467 | 71,552 | 104,956 | 76,657 |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 2,533 | 1,000 | 1,400 | 31,673 | 52,791 | 2,457 | 850 | 61,657 | 56,361 | 57,511 | 97,608 | 77,118 |
| Group/Directors Accounts | 77,230 | 74,747 | 69,572 | 66,850 | 63,232 | 42,148 | ||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 93,158 | 150 | 2,730 | 31,231 | 4,139 | 9,393 | 3,829 | |||||
| total current liabilities | 95,691 | 78,380 | 78,877 | 132,476 | 123,780 | 75,082 | 46,827 | 61,657 | 56,361 | 57,511 | 97,608 | 77,118 |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | 1,052 | 170 | 130 | |||||||||
| other liabilities | 406 | 2,031 | 3,520 | |||||||||
| provisions | 2,365 | 3,050 | 825 | 1,302 | 1,612 | 1,612 | 1,990 | 1,450 | ||||
| total long term liabilities | 2,365 | 3,050 | 825 | 1,302 | 1,052 | 170 | 130 | 1,612 | 1,612 | 2,396 | 3,481 | 3,520 |
| total liabilities | 98,056 | 81,430 | 79,702 | 133,778 | 124,832 | 75,252 | 46,957 | 63,269 | 57,973 | 59,907 | 101,089 | 80,638 |
| net assets | 60,336 | 56,687 | 40,130 | 28,252 | 22,506 | 29,719 | 17,875 | 5,972 | 24,494 | 11,645 | 3,867 | -3,981 |
| total shareholders funds | 60,336 | 56,687 | 40,130 | 28,252 | 22,506 | 29,719 | 17,875 | 5,972 | 24,494 | 11,645 | 3,867 | -3,981 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 4,759 | 7,178 | 2,506 | 2,278 | 1,061 | 1,676 | 1,786 | 1,894 | 2,376 | 2,000 | 1,952 | |
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | -5,450 | -1,050 | -1,001 | -24,192 | 29,693 | 2,000 | ||||||
| Debtors | 103 | -137 | -32,236 | -65,280 | 93,795 | -2,154 | 442 | 1,093 | -8,003 | -26,393 | -2,179 | 41,902 |
| Creditors | 1,533 | -400 | -30,273 | -21,118 | 50,334 | 1,607 | -60,807 | 5,296 | -1,150 | -40,097 | 20,490 | 77,118 |
| Accruals and Deferred Income | 93,008 | -2,580 | -28,501 | 26,040 | -4,372 | 5,604 | 3,959 | |||||
| Deferred Taxes & Provisions | -685 | 2,225 | -477 | 1,302 | -1,612 | -378 | 540 | 1,450 | ||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -77,230 | 2,483 | 5,175 | 2,722 | 3,618 | 21,084 | 42,148 | |||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | -406 | -1,625 | -1,489 | 3,520 | ||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 23,778 | 6,716 | -7,456 | 78,655 | -49,730 | 44,199 | -907 | -12,844 | 21,813 | 14,480 | 2,153 | 24,136 |
| overdraft | ||||||||||||
| change in cash | 23,778 | 6,716 | -7,456 | 78,655 | -49,730 | 44,199 | -907 | -12,844 | 21,813 | 14,480 | 2,153 | 24,136 |
smiths engineering ltd. Credit Report and Business Information
Smiths Engineering Ltd. Competitor Analysis
Perform a competitor analysis for smiths engineering ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in S42 area or any other competitors across 12 key performance metrics.
smiths engineering ltd. Ownership
SMITHS ENGINEERING LTD. group structure
Smiths Engineering Ltd. has no subsidiary companies.
Ultimate parent company
SMITHS ENGINEERING LTD.
07811078
smiths engineering ltd. directors
Smiths Engineering Ltd. currently has 2 directors. The longest serving directors include Mrs Elaine Smith (Oct 2011) and Mr Paul Smith (Oct 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Elaine Smith | England | 67 years | Oct 2011 | - | Director |
| Mr Paul Smith | United Kingdom | 69 years | Oct 2011 | - | Director |
P&L
October 2023turnover
76.4k
+10%
operating profit
-2.1k
0%
gross margin
34.6%
+3.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
60.3k
+0.06%
total assets
158.4k
+0.15%
cash
145k
+0.2%
net assets
Total assets minus all liabilities
smiths engineering ltd. company details
company number
07811078
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
October 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
unit 3 pavillion workshops, park road, holmewood industrial, chesterfield, derbyshire, S42 5UY
Bank
-
Legal Advisor
-
smiths engineering ltd. 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 smiths engineering ltd..
smiths engineering ltd. 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.
Click to start generating capital raising & share issue transactions for SMITHS ENGINEERING LTD.. This can take several minutes, an email will notify you when this has completed.
smiths engineering ltd. Companies House Filings - See Documents
| date | description | view/download |
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