Rowtech Engineering Ltd

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rowtech engineering ltd Company Information

Live

EstablishedMicroDeclining

Company Number

08474648

Website

www.rowtech.co.uk

Registered Address

the workshop, lower rhodyate farm, banwell, north somerset, BS29 6NR

Industry

Other manufacturing n.e.c.

Telephone

01934707164

Next Accounts Due

January 2025

Group Structure

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Directors

Lee Rowbotham11 Years

Shareholders

lee thomas rowbotham 100%

rowtech engineering ltd Estimated Valuation

£34.6k

Pomanda estimates the enterprise value of ROWTECH ENGINEERING LTD at £34.6k based on a Turnover of £71.2k and 0.49x industry multiple (adjusted for size and gross margin).

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Rowtech Engineering Ltd is a live company located in banwell, BS29 6NR with a Companies House number of 08474648. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 2013, it's largest shareholder is lee thomas rowbotham with a 100% stake. Rowtech Engineering Ltd is a established, micro sized company, Pomanda has estimated its turnover at £71.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Rowtech Engineering Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £71.2k, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (4.4%)

EXPORT

Rowtech Engineering Ltd's latest turnover from April 2023 is estimated at £71.2 thousand and the company has net assets of £1.8 thousand. According to their latest financial statements, Rowtech Engineering Ltd has 1 employee and maintains cash reserves of £6 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Turnover	71,210	102,348	80,743	138,218	72,563	76,011	70,909	40,645	55,313	33,671
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	56,926	82,103	65,309	110,150	57,645	59,688	54,884	31,401	43,117	26,162
Gross Profit	14,284	20,245	15,434	28,068	14,918	16,323	16,025	9,243	12,196	7,508
Admin Expenses	14,480	18,356	15,422	25,370	14,697	3,327	8,471	30,513	9,721	6,750
Operating Profit	-196	1,889	12	2,698	221	12,996	7,554	-21,270	2,475	758
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2	50	7	0	0	0	0	11	21	10
Pre-Tax Profit	-194	1,938	19	2,698	221	12,996	7,554	-21,259	2,496	768
Tax	0	-368	-4	-513	-42	-2,469	-1,435	0	-499	-161
Profit After Tax	-194	1,570	15	2,185	179	10,527	6,119	-21,259	1,997	607
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-194	1,570	15	2,185	179	10,527	6,119	-21,259	1,997	607
Employee Costs	40,427	76,875	73,290	72,885	36,059	70,005	33,500	33,301	32,668	31,601
Number Of Employees	1	2	2	2	1	2	1	1	1	1
EBITDA*	5,257	6,478	2,615	2,698	221	12,996	7,554	-19,724	4,802	758

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Tangible Assets	27,799	25,756	20,921	5,714	5,587	5,827	7,107	7,044	10,599	8,576
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	27,799	25,756	20,921	5,714	5,587	5,827	7,107	7,044	10,599	8,576
Stock & work in progress	3,392	2,958	4,000	0	0	0	0	3,500	17,785	1,000
Trade Debtors	9,574	16,016	7,120	23,508	11,970	3,957	8,928	2,540	3,888	8,754
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	6	99	13,143	0	0	0	0	4	4,478	4,019
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	12,972	19,073	24,263	23,508	11,970	3,957	8,928	6,044	26,151	13,773
total assets	40,771	44,829	45,184	29,222	17,557	9,784	16,035	13,088	36,750	22,349
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	30,638	29,256	26,243	28,867	19,387	11,793	28,571	31,643	34,046	13,642
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	30,638	29,256	26,243	28,867	19,387	11,793	28,571	31,643	34,046	13,642
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	8,287	13,533	18,471	0	0	0	0	0	0	8,000
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	8,287	13,533	18,471	0	0	0	0	0	0	8,000
total liabilities	38,925	42,789	44,714	28,867	19,387	11,793	28,571	31,643	34,046	21,642
net assets	1,846	2,040	470	355	-1,830	-2,009	-12,536	-18,555	2,704	707
total shareholders funds	1,846	2,040	470	355	-1,830	-2,009	-12,536	-18,555	2,704	707

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Operating Activities
Operating Profit	-196	1,889	12	2,698	221	12,996	7,554	-21,270	2,475	758
Depreciation	5,453	4,589	2,603	0	0	0	0	1,546	2,327	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-368	-4	-513	-42	-2,469	-1,435	0	-499	-161
Stock	434	-1,042	4,000	0	0	0	-3,500	-14,285	16,785	1,000
Debtors	-6,442	8,896	-16,388	11,538	8,013	-4,971	6,388	-1,348	-4,866	8,754
Creditors	1,382	3,013	-2,624	9,480	7,594	-16,778	-3,072	-2,403	20,404	13,642
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	12,647	1,269	12,375	127	-240	-1,280	159	-6,494	12,788	4,485
Investing Activities
capital expenditure	-7,496	-9,424	-17,810	-127	240	1,280	-63	2,009	-4,350	-8,576
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,496	-9,424	-17,810	-127	240	1,280	-63	2,009	-4,350	-8,576
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-5,246	-4,938	18,471	0	0	0	0	0	-8,000	8,000
share issue	0	0	100	0	0	0	-100	0	0	100
interest	2	50	7	0	0	0	0	11	21	10
cash flow from financing	-5,244	-4,888	18,578	0	0	0	-100	11	-7,979	8,110
cash and cash equivalents
cash	-93	-13,044	13,143	0	0	0	-4	-4,474	459	4,019
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-93	-13,044	13,143	0	0	0	-4	-4,474	459	4,019

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for rowtech engineering ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in BS29 area or any other competitors across 12 key performance metrics.

ROWTECH ENGINEERING LTD group structure

Rowtech Engineering Ltd has no subsidiary companies.

Ultimate parent company

ROWTECH ENGINEERING LTD

08474648

ROWTECH ENGINEERING LTD Shareholders

lee thomas rowbotham

100%

Rowtech Engineering Ltd currently has 1 director, Mr Lee Rowbotham serving since Apr 2013.

officer	country	age	start	end	role
Mr Lee Rowbotham	United Kingdom	46 years	Apr 2013	-	Director

P&L

April 2023

turnover

71.2k

-30%

operating profit

-196.2

gross margin

20.1%

+1.41%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

1.8k

-0.1%

total assets

40.8k

-0.09%

cash

-0.94%

net assets

Total assets minus all liabilities

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company number

08474648

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

April 2013

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

the workshop, lower rhodyate farm, banwell, north somerset, BS29 6NR

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 rowtech engineering ltd.

rowtech engineering ltd Company Information

rowtech engineering ltd Estimated Valuation

rowtech engineering ltd Estimated Valuation

rowtech engineering ltd Estimated Valuation

Rowtech Engineering Ltd Overview

Rowtech Engineering Ltd Health Check

ROWTECH ENGINEERING LTD financials

rowtech engineering ltd Credit Report and Business Information

Rowtech Engineering Ltd Competitor Analysis

rowtech engineering ltd Ownership

rowtech engineering ltd directors

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