tanfield engineering systems limitedEstimated Valuation
£8m
Pomanda estimates the enterprise value of TANFIELD ENGINEERING SYSTEMS LIMITED at £8m based on a Turnover of £14.8m and 0.54x industry multiple (adjusted for size and gross margin).
tanfield engineering systems limitedEstimated Valuation
£3m
Pomanda estimates the enterprise value of TANFIELD ENGINEERING SYSTEMS LIMITED at £3m based on an EBITDA of £756.9k and a 3.99x industry multiple (adjusted for size and gross margin).
tanfield engineering systems limitedEstimated Valuation
£2.3m
Pomanda estimates the enterprise value of TANFIELD ENGINEERING SYSTEMS LIMITED at £2.3m based on Net Assets of £1.3m and 1.81x industry multiple (adjusted for liquidity).
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Tanfield Engineering Systems LimitedOverview
Tanfield Engineering Systems Limited is a live company located in co durham, DH9 9NX with a Companies House number of 07991017. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in March 2012, it's largest shareholder is
kevin david harris
with a 100% stake. Tanfield Engineering Systems Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£14.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Tanfield Engineering Systems Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £14.8m, make it in line with the average company (£13.5m)
£14.8m - Tanfield Engineering Systems Limited
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9.6%)
19% - Tanfield Engineering Systems Limited
9.6% - Industry AVG
Production
with a gross margin of 19.9%, this company has a higher cost of product (29.4%)
19.9% - Tanfield Engineering Systems Limited
29.4% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (6.3%)
2.9% - Tanfield Engineering Systems Limited
6.3% - Industry AVG
Employees
with 111 employees, this is above the industry average (79)
111 - Tanfield Engineering Systems Limited
79 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£41k)
£34k - Tanfield Engineering Systems Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £133.7k, this is equally as efficient (£151.6k)
£133.7k - Tanfield Engineering Systems Limited
£151.6k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (59 days)
76 days - Tanfield Engineering Systems Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (44 days)
67 days - Tanfield Engineering Systems Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is less than average (67 days)
40 days - Tanfield Engineering Systems Limited
67 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Tanfield Engineering Systems Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.2%, this is a higher level of debt than the average (45.8%)
80.2% - Tanfield Engineering Systems Limited
45.8% - Industry AVG
TANFIELD ENGINEERING SYSTEMS LIMITED financials
EXPORT
Tanfield Engineering Systems Limited's latest turnover from March 2024 is £14.8 million and the company has net assets of £1.3 million. According to their latest financial statements, Tanfield Engineering Systems Limited has 111 employees and maintains cash reserves of £191.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Turnover
14,835,931
17,164,940
12,202,915
8,869,261
7,030,038
9,526,795
8,276,950
5,154,541
3,510,196
6,668,836
3,588,379
57,420
Other Income Or Grants
Cost Of Sales
11,889,664
13,757,551
9,668,033
6,309,734
4,954,671
6,710,532
5,725,038
3,547,870
2,412,466
4,579,735
2,490,769
40,006
Gross Profit
2,946,267
3,407,389
2,534,882
2,559,527
2,075,366
2,816,263
2,551,911
1,606,670
1,097,730
2,089,101
1,097,610
17,414
Admin Expenses
2,510,966
2,101,935
1,724,134
2,854,779
1,933,200
2,237,377
2,108,518
2,469,623
1,089,051
2,112,833
1,094,235
-14,716
Operating Profit
435,301
1,305,454
810,748
-295,252
142,166
578,886
443,393
-862,953
8,679
-23,732
3,375
32,130
Interest Payable
272,590
347,860
266,202
Interest Receivable
85
204
1,350
139
62
11
34
52
Pre-Tax Profit
162,711
957,594
544,546
-295,167
142,370
580,236
443,532
-862,891
8,690
-23,698
3,427
30,540
Tax
1,217
-223,370
-94,919
-27,050
-110,245
-84,271
-1,738
-788
-6,108
Profit After Tax
163,928
734,224
449,627
-295,167
115,320
469,991
359,261
-862,891
6,952
-23,698
2,639
24,432
Dividends Paid
74,000
87,000
91,400
Retained Profit
89,928
647,224
358,227
-295,167
115,320
469,991
359,261
-862,891
6,952
-23,698
2,639
24,432
Employee Costs
3,778,067
3,533,776
3,268,425
3,284,652
3,826,810
4,526,393
3,357,737
2,774,370
971,960
1,778,481
977,911
31,004
Number Of Employees
111
110
109
93
107
132
100
84
30
56
31
1
EBITDA*
756,941
1,559,463
1,045,899
-68,037
362,542
770,157
522,398
-788,593
8,679
1,608
11,485
32,130
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Tangible Assets
1,648,524
1,657,002
1,644,553
1,722,185
1,906,911
1,945,279
1,611,479
809,333
828,297
755,593
316,287
Intangible Assets
75,000
135,000
176,610
206,045
235,480
264,915
294,350
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,723,524
1,792,002
1,821,163
1,928,230
2,142,391
2,210,194
1,905,829
809,333
828,297
755,593
316,287
Stock & work in progress
1,325,222
1,113,424
1,277,792
916,564
898,581
896,121
769,920
281,373
305,337
425,624
241,751
Trade Debtors
3,092,485
4,144,664
3,745,869
1,970,744
954,953
1,594,140
1,652,014
978,916
929,267
1,370,634
762,342
Group Debtors
24,336
Misc Debtors
72,156
123,915
64,897
92,538
149,980
134,103
106,930
165,597
500,584
Cash
191,420
1,075,465
336,065
111,409
58,390
349,757
10,175
45,307
4,325
13,647
7,109
misc current assets
total current assets
4,681,283
6,457,468
5,424,623
3,091,255
2,061,904
2,974,121
2,539,039
1,471,193
1,739,513
1,796,258
1,017,740
31,445
total assets
6,404,807
8,249,470
7,245,786
5,019,485
4,204,295
5,184,315
4,444,868
2,280,526
2,567,810
2,551,851
1,334,027
31,445
Bank overdraft
Bank loan
Trade Creditors
2,212,383
2,787,216
1,889,316
1,238,647
987,959
1,641,706
1,469,146
717,018
459,465
1,740,871
932,107
Group/Directors Accounts
other short term finances
96,687
105,121
283,350
hp & lease commitments
15,000
85,819
98,701
80,523
69,705
93,260
67,529
other current liabilities
2,369,910
3,523,770
3,715,141
2,532,250
1,269,484
1,714,604
1,838,197
1,368,426
1,169,954
7,008
total current liabilities
4,678,980
6,431,107
5,973,626
3,770,897
2,356,144
3,436,833
3,377,048
2,178,704
1,696,948
1,740,871
932,107
7,008
loans
100,660
276,705
422,053
hp & lease commitments
15,000
193,687
220,684
20,459
93,199
162,400
Accruals and Deferred Income
134,218
355,263
247,198
199,831
157,870
156,362
other liabilities
829,417
686,210
421,412
538,001
645,684
449,874
613,803
374,844
provisions
356,444
362,863
303,536
245,827
320,925
307,732
245,162
15,669
90,388
37,437
total long term liabilities
457,104
639,568
740,589
1,075,244
1,335,040
1,305,091
1,050,820
954,383
860,532
807,602
374,844
total liabilities
5,136,084
7,070,675
6,714,215
4,846,141
3,691,184
4,741,924
4,427,868
3,133,087
2,557,480
2,548,473
1,306,951
7,008
net assets
1,268,723
1,178,795
531,571
173,344
513,111
442,391
17,000
-852,561
10,330
3,378
27,076
24,437
total shareholders funds
1,268,723
1,178,795
531,571
173,344
513,111
442,391
17,000
-852,561
10,330
3,378
27,076
24,437
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Operating Activities
Operating Profit
435,301
1,305,454
810,748
-295,252
142,166
578,886
443,393
-862,953
8,679
-23,732
3,375
32,130
Depreciation
261,640
212,399
205,716
197,780
190,941
161,836
79,005
74,360
25,340
8,110
Amortisation
60,000
41,610
29,435
29,435
29,435
29,435
Tax
1,217
-223,370
-94,919
-27,050
-110,245
-84,271
-1,738
-788
-6,108
Stock
211,798
-164,368
361,228
17,983
2,460
126,201
488,547
-23,964
-120,287
183,873
241,751
Debtors
-1,103,938
457,813
1,747,484
958,349
-623,310
-30,701
614,431
-285,338
59,217
608,292
738,006
24,336
Creditors
-574,833
897,900
650,669
250,688
-653,747
172,560
752,128
257,553
-1,281,406
808,764
932,107
Accruals and Deferred Income
-1,153,860
-191,371
1,182,891
1,128,548
-666,165
-15,528
517,138
240,433
1,171,462
156,362
-7,008
7,008
Deferred Taxes & Provisions
-6,419
59,327
57,709
-75,098
13,193
62,570
229,493
-74,719
52,951
37,437
Cash flow from operations
-84,814
1,808,504
733,537
259,769
-350,377
784,014
833,908
-56,024
11,018
212,006
-43,961
8,694
Investing Activities
capital expenditure
-13,054
-152,573
-495,636
-1,175,501
-55,396
-72,704
-464,646
-324,397
Change in Investments
cash flow from investments
-13,054
-152,573
-495,636
-1,175,501
-55,396
-72,704
-464,646
-324,397
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-8,434
-178,229
283,350
Long term loans
-176,045
-145,348
422,053
Hire Purchase and Lease Commitments
-15,000
-85,819
100,819
-292,388
-8,819
211,043
-96,295
-43,470
229,929
other long term liabilities
-829,417
143,207
264,798
-116,589
-107,683
195,810
-163,929
238,959
374,844
share issue
-44,600
-44,600
-44,600
510,300
5
interest
-272,590
-347,860
-266,202
85
204
1,350
139
62
11
34
52
cash flow from financing
-472,069
-757,256
-289,397
-193,696
211,583
51,204
306,461
152,402
66,011
238,993
374,896
5
cash and cash equivalents
cash
-884,045
739,400
224,656
53,019
-291,367
339,582
-35,132
40,982
4,325
-13,647
6,538
7,109
overdraft
change in cash
-884,045
739,400
224,656
53,019
-291,367
339,582
-35,132
40,982
4,325
-13,647
6,538
7,109
tanfield engineering systems limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tanfield engineering systems limited. Get real-time insights into tanfield engineering systems limited's credit score, group structure and payment trends.
Tanfield Engineering Systems Limited Competitor Analysis
Perform a competitor analysis for tanfield engineering systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DH9 area or any other competitors across 12 key performance metrics.
tanfield engineering systems limited Ownership
TANFIELD ENGINEERING SYSTEMS LIMITED group structure
Tanfield Engineering Systems Limited has no subsidiary companies.
Ultimate parent company
TANFIELD ENGINEERING SYSTEMS LIMITED
07991017
TANFIELD ENGINEERING SYSTEMS LIMITED Shareholders
The sole shareholder of Tanfield Engineering Systems Limited is Kevin David Harris.
kevin david harris
100%
tanfield engineering systems limited directors
Tanfield Engineering Systems Limited currently has 1 director, Mr Kevin Harris serving since Jan 2014.
tanfield engineering systems 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 tanfield engineering systems limited. Currently there are 2 open charges and 2 have been satisfied in the past.
tanfield engineering systems 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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tanfield engineering systems limitedCompanies House Filings - See Documents
