jennings engineering (uk) ltd
jennings engineering (uk) ltd Company Information
Company Number
07871643
Registered Address
67 newland street, witham, essex, CM8 1AA
Industry
Maintenance and repair of motor vehicles
Telephone
01621741115
Next Accounts Due
October 2025
Group Structure
View All
Shareholders
colin jennings 50%
michael jennings 50%
jennings engineering (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of JENNINGS ENGINEERING (UK) LTD at £47.6k based on a Turnover of £182.8k and 0.26x industry multiple (adjusted for size and gross margin).
jennings engineering (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of JENNINGS ENGINEERING (UK) LTD at £11k based on an EBITDA of £3.4k and a 3.27x industry multiple (adjusted for size and gross margin).
jennings engineering (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of JENNINGS ENGINEERING (UK) LTD at £2.5k based on Net Assets of £863 and 2.94x industry multiple (adjusted for liquidity).
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Jennings Engineering (uk) Ltd Overview
Jennings Engineering (uk) Ltd is a live company located in essex, CM8 1AA with a Companies House number of 07871643. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in December 2011, it's largest shareholder is colin jennings with a 50% stake. Jennings Engineering (uk) Ltd is a established, micro sized company, Pomanda has estimated its turnover at £182.8k with healthy growth in recent years.
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Jennings Engineering (uk) Ltd Health Check
Pomanda's financial health check has awarded Jennings Engineering (Uk) 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 £182.8k, make it smaller than the average company (£310.7k)
- Jennings Engineering (uk) Ltd
£310.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (11.1%)
- Jennings Engineering (uk) Ltd
11.1% - Industry AVG
Production
with a gross margin of 35.7%, this company has a comparable cost of product (35.7%)
- Jennings Engineering (uk) Ltd
35.7% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (6%)
- Jennings Engineering (uk) Ltd
6% - Industry AVG
Employees
with 3 employees, this is below the industry average (5)
3 - Jennings Engineering (uk) Ltd
5 - Industry AVG
Pay Structure
on an average salary of £25.3k, the company has an equivalent pay structure (£25.3k)
- Jennings Engineering (uk) Ltd
£25.3k - Industry AVG
Efficiency
resulting in sales per employee of £60.9k, this is less efficient (£95.6k)
- Jennings Engineering (uk) Ltd
£95.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Jennings Engineering (uk) Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is close to average (38 days)
- Jennings Engineering (uk) Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Jennings Engineering (uk) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (17 weeks)
35 weeks - Jennings Engineering (uk) Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.2%, this is a higher level of debt than the average (66.4%)
98.2% - Jennings Engineering (uk) Ltd
66.4% - Industry AVG
JENNINGS ENGINEERING (UK) LTD financials
Jennings Engineering (Uk) Ltd's latest turnover from January 2024 is estimated at £182.8 thousand and the company has net assets of £863. According to their latest financial statements, Jennings Engineering (Uk) Ltd has 3 employees and maintains cash reserves of £25.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,904 | 4,692 | 6,258 | 8,346 | 10,904 | 12,953 | 17,274 | 22,474 | 28,323 | 15,601 | 12,631 | 16,841 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,904 | 4,692 | 6,258 | 8,346 | 10,904 | 12,953 | 17,274 | 22,474 | 28,323 | 15,601 | 12,631 | 16,841 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 5,201 | 16,888 | 14,907 | 13,882 | 24,969 | 17,369 | 12,548 | 9,078 | 22,821 | 15,471 | 15,714 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 18,562 | 19,629 | 8,783 | 15,371 | 8,886 | 1,547 | 0 | 3,366 | 0 | 0 | 4,236 | 0 |
| Cash | 25,140 | 29,148 | 33,716 | 38,048 | 0 | 8,327 | 10,022 | 10,279 | 7,387 | 0 | 2,392 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 689 | 656 | 596 | 596 | 563 | 540 | 0 |
| total current assets | 43,702 | 53,978 | 59,387 | 68,326 | 22,768 | 35,532 | 28,047 | 26,789 | 17,061 | 23,384 | 22,639 | 15,714 |
| total assets | 48,606 | 58,670 | 65,645 | 76,672 | 33,672 | 48,485 | 45,321 | 49,263 | 45,384 | 38,985 | 35,270 | 32,555 |
| Bank overdraft | 7,114 | 6,937 | 6,767 | 0 | 12,456 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,715 | 12,615 | 10,252 | 12,392 | 9,640 | 6,607 | 10,453 | 6,971 | 4,211 | 29,142 | 32,781 | 29,291 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 3,278 | 3,933 | 5,224 | 6,147 | 0 | 0 | 0 |
| other current liabilities | 18,246 | 21,151 | 23,040 | 26,517 | 9,201 | 35,730 | 23,618 | 24,417 | 16,000 | 0 | 0 | 0 |
| total current liabilities | 37,075 | 40,703 | 40,059 | 38,909 | 31,297 | 45,615 | 38,004 | 36,612 | 26,358 | 29,142 | 32,781 | 29,291 |
| loans | 9,736 | 16,850 | 23,816 | 35,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 3,278 | 7,211 | 12,451 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,519 | 0 | 0 |
| provisions | 932 | 891 | 1,189 | 1,586 | 2,072 | 2,590 | 3,455 | 4,495 | 5,664 | 2,886 | 2,241 | 3,020 |
| total long term liabilities | 10,668 | 17,741 | 25,005 | 36,586 | 2,072 | 2,590 | 6,733 | 11,706 | 18,115 | 6,405 | 2,241 | 3,020 |
| total liabilities | 47,743 | 58,444 | 65,064 | 75,495 | 33,369 | 48,205 | 44,737 | 48,318 | 44,473 | 35,547 | 35,022 | 32,311 |
| net assets | 863 | 226 | 581 | 1,177 | 303 | 280 | 584 | 945 | 911 | 3,438 | 248 | 244 |
| total shareholders funds | 863 | 226 | 581 | 1,177 | 303 | 280 | 584 | 945 | 911 | 3,438 | 248 | 244 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 1,640 | 1,566 | 2,088 | 2,785 | 3,635 | 4,321 | 5,757 | 7,491 | 9,441 | 5,201 | 4,210 | 5,614 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,268 | -841 | -4,607 | 7,510 | -3,748 | 9,147 | 1,455 | 6,836 | -13,743 | 3,114 | 3,993 | 15,714 |
| Creditors | -900 | 2,363 | -2,140 | 2,752 | 3,033 | -3,846 | 3,482 | 2,760 | -24,931 | -3,639 | 3,490 | 29,291 |
| Accruals and Deferred Income | -2,905 | -1,889 | -3,477 | 17,316 | -26,529 | 12,112 | -799 | 8,417 | 16,000 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 41 | -298 | -397 | -486 | -518 | -865 | -1,040 | -1,169 | 2,778 | 645 | -779 | 3,020 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -7,114 | -6,966 | -11,184 | 35,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -3,278 | -3,933 | -5,224 | -6,163 | 18,598 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,519 | 3,519 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -4,008 | -4,568 | -4,332 | 38,048 | -8,327 | -1,695 | -257 | 2,892 | 7,387 | -2,392 | 2,392 | 0 |
| overdraft | 177 | 170 | 6,767 | -12,456 | 12,456 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,185 | -4,738 | -11,099 | 50,504 | -20,783 | -1,695 | -257 | 2,892 | 7,387 | -2,392 | 2,392 | 0 |
jennings engineering (uk) ltd Credit Report and Business Information
Jennings Engineering (uk) Ltd Competitor Analysis
Perform a competitor analysis for jennings engineering (uk) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in CM8 area or any other competitors across 12 key performance metrics.
jennings engineering (uk) ltd Ownership
JENNINGS ENGINEERING (UK) LTD group structure
Jennings Engineering (Uk) Ltd has no subsidiary companies.
Ultimate parent company
JENNINGS ENGINEERING (UK) LTD
07871643
jennings engineering (uk) ltd directors
Jennings Engineering (Uk) Ltd currently has 2 directors. The longest serving directors include Mr Colin Jennings (Dec 2011) and Mr Michael Jennings (Dec 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Jennings | 68 years | Dec 2011 | - | Director | |
| Mr Michael Jennings | 71 years | Dec 2011 | - | Director |
P&L
January 2024turnover
182.8k
+51%
operating profit
1.7k
0%
gross margin
35.7%
+1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
863
+2.82%
total assets
48.6k
-0.17%
cash
25.1k
-0.14%
net assets
Total assets minus all liabilities
jennings engineering (uk) ltd company details
company number
07871643
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
December 2011
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
N/A
accountant
WILSON DEVENISH
auditor
-
address
67 newland street, witham, essex, CM8 1AA
Bank
-
Legal Advisor
-
jennings engineering (uk) 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 jennings engineering (uk) ltd.
jennings engineering (uk) ltd Companies House Filings - See Documents
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