Cfs (offshore Engineering) Limited

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cfs (offshore engineering) limited Company Information

Dissolved

Company Number

08948151

Website

www.compfabs.co.uk

Registered Address

redheugh house thornaby place, teesdale south, stockton-on-tees, TS17 6SG

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

Next Accounts Due

June 2024

Group Structure

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Directors

Darren Carlisle10 Years

Nigel Wheatley6 Years

Shareholders

cefo group ltd 52%

nigel glynn wheatley 24%

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cfs (offshore engineering) limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of CFS (OFFSHORE ENGINEERING) LIMITED at £1.7m based on a Turnover of £5m and 0.33x industry multiple (adjusted for size and gross margin).

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Cfs (offshore Engineering) Limited is a dissolved company that was located in stockton-on-tees, TS17 6SG with a Companies House number of 08948151. It operated in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in March 2014, it's largest shareholder was cefo group ltd with a 52% stake. The last turnover for Cfs (offshore Engineering) Limited was estimated at £5m.

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Pomanda's financial health check has awarded Cfs (Offshore Engineering) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

6 Regular

5 Weak

Size

annual sales of £5m, make it in line with the average company (£5m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (-0.4%)

EXPORT

Cfs (Offshore Engineering) Limited's latest turnover from June 2021 is estimated at £5 million and the company has net assets of £108 thousand. According to their latest financial statements, we estimate that Cfs (Offshore Engineering) Limited has 33 employees and maintains cash reserves of £23.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2021	Sep 2020	Oct 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Turnover	5,035,445	4,212,504	2,793,279	2,680,467	9,843,407	6,255,772	2,331,415	1,010,689
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	3,888,192	3,235,719	2,108,590	2,012,095	7,321,865	4,624,747	1,730,519	760,831
Gross Profit	1,147,253	976,785	684,690	668,372	2,521,542	1,631,025	600,896	249,858
Admin Expenses	1,083,681	885,104	1,129,022	1,112,704	2,188,978	1,413,939	555,798	246,949
Operating Profit	63,572	91,681	-444,332	-444,332	332,564	217,086	45,098	2,909
Interest Payable	17,268	11,464	15,568	15,568	13,409	6,158	3,013	0
Interest Receivable	50	59	1,239	1,239	736	20	71	45
Pre-Tax Profit	46,354	80,277	-458,661	-458,661	319,891	210,948	42,155	2,954
Tax	-8,807	-15,253	0	0	-60,779	-42,189	-8,431	-620
Profit After Tax	37,547	65,024	-458,661	-458,661	259,112	168,758	33,724	2,334
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	37,547	65,024	-458,661	-458,661	259,112	168,758	33,724	2,334
Employee Costs	1,387,838	1,139,423	213,480	83,944	2,484,016	1,521,124	544,002	227,390
Number Of Employees	33	27	5	2	61	38	14	6
EBITDA*	84,312	115,621	-427,321	-415,778	351,307	239,225	52,838	2,909

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2021	Sep 2020	Oct 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Tangible Assets	97,034	120,617	109,274	109,274	87,418	63,421	84,802	0
Intangible Assets	5,868	0	0	0	0	0	0	0
Investments & Other	0	0	100	100	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	102,902	120,617	109,374	109,374	87,418	63,421	84,802	0
Stock & work in progress	340,943	86,473	75,411	75,411	295,000	269,000	124,718	36,000
Trade Debtors	788,592	747,524	507,888	507,888	1,719,268	1,028,075	335,222	139,702
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	36,652	6,927	115,250	115,250	7,301	34,953	38,360	0
Cash	23,676	77,126	41,714	41,714	288,765	5,713	10,121	18,094
misc current assets	0	0	0	0	0	0	0	0
total current assets	1,189,863	918,050	740,263	740,263	2,310,334	1,337,741	508,421	193,796
total assets	1,292,765	1,038,667	849,637	849,637	2,397,752	1,401,162	593,223	193,796
Bank overdraft	343,365	222,800	153,053	153,053	308,230	0	0	0
Bank loan	0	0	0	0	0	104,350	92,712	0
Trade Creditors	638,007	575,059	599,662	599,662	1,443,943	935,265	336,732	191,362
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	203,355	170,317	91,455	91,455	177,914	99,903	41,828	0
total current liabilities	1,184,727	968,176	844,170	844,170	1,930,087	1,139,518	471,272	191,362
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	3,537	56,628	85,693	0
provisions	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	3,537	56,628	85,693	0
total liabilities	1,184,727	968,176	844,170	844,170	1,933,624	1,196,146	556,965	191,362
net assets	108,038	70,491	5,467	5,467	464,128	205,016	36,258	2,434
total shareholders funds	108,038	70,491	5,467	5,467	464,128	205,016	36,258	2,434

	Jun 2021	Sep 2020	Oct 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Operating Activities
Operating Profit	63,572	91,681	-444,332	-444,332	332,564	217,086	45,098	2,909
Depreciation	20,740	23,940	17,011	28,554	18,743	22,139	7,740	0
Amortisation	0	0	0	0	0	0	0	0
Tax	-8,807	-15,253	0	0	-60,779	-42,189	-8,431	-620
Stock	254,470	11,062	-219,589	-219,589	26,000	144,282	88,718	36,000
Debtors	70,793	131,313	-1,103,431	-1,103,431	663,541	689,446	233,880	139,702
Creditors	62,948	-24,603	-844,281	-844,281	508,678	598,533	145,370	191,362
Accruals and Deferred Income	33,038	78,862	-86,459	-86,459	78,011	58,075	41,828	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	-153,772	12,252	-35,041	-23,498	187,676	19,916	-90,993	17,949
Investing Activities
capital expenditure	-3,025	-35,283	-38,867	-50,410	-42,740	-758	-92,542	0
Change in Investments	0	-100	100	100	0	0	0	0
cash flow from investments	-3,025	-35,183	-38,967	-50,510	-42,740	-758	-92,542	0
Financing Activities
Bank loans	0	0	0	0	-104,350	11,638	92,712	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-3,537	-3,537	-53,091	-29,065	85,693	0
share issue	0	0	0	0	0	0	100	100
interest	-17,218	-11,405	-14,329	-14,329	-12,673	-6,138	-2,942	45
cash flow from financing	-17,218	-11,405	-17,866	-17,866	-170,114	-23,565	175,563	145
cash and cash equivalents
cash	-53,450	35,412	-247,051	-247,051	283,052	-4,408	-7,973	18,094
overdraft	120,565	69,747	-155,177	-155,177	308,230	0	0	0
change in cash	-174,015	-34,335	-91,874	-91,874	-25,178	-4,408	-7,973	18,094

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CFS (OFFSHORE ENGINEERING) LIMITED group structure

Cfs (Offshore Engineering) Limited has no subsidiary companies.

Ultimate parent company

CEFO GROUP LIMITED

12405697

1 parent

CFS (OFFSHORE ENGINEERING) LIMITED

08948151

CFS (OFFSHORE ENGINEERING) LIMITED Shareholders

cefo group ltd	52%
nigel glynn wheatley	24%
darren williams carlisle	24%

Cfs (Offshore Engineering) Limited currently has 2 directors. The longest serving directors include Mr Darren Carlisle (Mar 2014) and Mr Nigel Wheatley (May 2018).

officer	country	age	start	end	role
Mr Darren Carlisle	England	52 years	Mar 2014	-	Director
Mr Nigel Wheatley	United Kingdom	57 years	May 2018	-	Director

P&L

June 2021

turnover

+20%

operating profit

63.6k

gross margin

22.8%

-1.74%

turnover

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

Balance Sheet

June 2021

net assets

108k

+0.53%

total assets

1.3m

+0.24%

cash

23.7k

-0.69%

net assets

Total assets minus all liabilities

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company number

08948151

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

March 2014

age

accounts

Total Exemption Full

ultimate parent company

CEFO GROUP LIMITED

previous names

texo cfs limited (December 2019)

complete fabrication services (offshore engineering) limited (November 2018)

incorporated

address

redheugh house thornaby place, teesdale south, stockton-on-tees, TS17 6SG

last accounts submitted

June 2021

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 cfs (offshore engineering) limited.

cfs (offshore engineering) limited Company Information

cfs (offshore engineering) limited Estimated Valuation

cfs (offshore engineering) limited Estimated Valuation

cfs (offshore engineering) limited Estimated Valuation

Cfs (offshore Engineering) Limited Overview

Cfs (offshore Engineering) Limited Health Check

CFS (OFFSHORE ENGINEERING) LIMITED financials

cfs (offshore engineering) limited Credit Report and Business Information

Cfs (offshore Engineering) Limited Competitor Analysis

cfs (offshore engineering) limited Ownership

cfs (offshore engineering) limited directors

cfs (offshore engineering) limited company details

cfs (offshore engineering) limited Charges & Mortgages

cfs (offshore engineering) limited Companies House Filings - See Documents