jrm advanced engineering limited
jrm advanced engineering limited Company Information
Company Number
09247857
Website
www.jrm-group.comRegistered Address
units 3-4 rutherford way, drayton fields industrial estate, daventry, northamptonshire, NN11 8XW
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
01327307150
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
jrm group limited 100%
jrm advanced engineering limited Estimated Valuation
Pomanda estimates the enterprise value of JRM ADVANCED ENGINEERING LIMITED at £465.2k based on a Turnover of £878.6k and 0.53x industry multiple (adjusted for size and gross margin).
jrm advanced engineering limited Estimated Valuation
Pomanda estimates the enterprise value of JRM ADVANCED ENGINEERING LIMITED at £0 based on an EBITDA of £-2.6m and a 4.06x industry multiple (adjusted for size and gross margin).
jrm advanced engineering limited Estimated Valuation
Pomanda estimates the enterprise value of JRM ADVANCED ENGINEERING LIMITED at £0 based on Net Assets of £-2.9m and 0.51x industry multiple (adjusted for liquidity).
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Jrm Advanced Engineering Limited Overview
Jrm Advanced Engineering Limited is a live company located in daventry, NN11 8XW with a Companies House number of 09247857. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 2014, it's largest shareholder is jrm group limited with a 100% stake. Jrm Advanced Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £878.6k with declining growth in recent years.
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Jrm Advanced Engineering Limited Health Check
Pomanda's financial health check has awarded Jrm Advanced Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £878.6k, make it smaller than the average company (£12.3m)
- Jrm Advanced Engineering Limited
£12.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (2.9%)
- Jrm Advanced Engineering Limited
2.9% - Industry AVG
Production
with a gross margin of 30.2%, this company has a comparable cost of product (30.2%)
- Jrm Advanced Engineering Limited
30.2% - Industry AVG
Profitability
an operating margin of -291.9% make it less profitable than the average company (6.4%)
- Jrm Advanced Engineering Limited
6.4% - Industry AVG
Employees
with 6 employees, this is below the industry average (77)
- Jrm Advanced Engineering Limited
77 - Industry AVG
Pay Structure
on an average salary of £38.5k, the company has an equivalent pay structure (£38.5k)
- Jrm Advanced Engineering Limited
£38.5k - Industry AVG
Efficiency
resulting in sales per employee of £146.4k, this is equally as efficient (£149.4k)
- Jrm Advanced Engineering Limited
£149.4k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (63 days)
- Jrm Advanced Engineering Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (49 days)
- Jrm Advanced Engineering Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 343 days, this is more than average (76 days)
- Jrm Advanced Engineering Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Jrm Advanced Engineering Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 163%, this is a higher level of debt than the average (47.5%)
163% - Jrm Advanced Engineering Limited
47.5% - Industry AVG
JRM ADVANCED ENGINEERING LIMITED financials
Jrm Advanced Engineering Limited's latest turnover from December 2022 is estimated at £878.6 thousand and the company has net assets of -£2.9 million. According to their latest financial statements, we estimate that Jrm Advanced Engineering Limited has 6 employees and maintains cash reserves of £121 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,168,792 | 726,364 | 310,295 | 29,638 | 74,231 | 2,766 | 5,626 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 118,707 | 13,097 |
| Total Fixed Assets | 1,168,792 | 726,364 | 310,295 | 29,638 | 74,231 | 2,766 | 124,333 | 13,097 |
| Stock & work in progress | 576,914 | 854,227 | 274,929 | 218,495 | 420,543 | 86,159 | 38,307 | 62,136 |
| Trade Debtors | 79,740 | 121,064 | 204,473 | 308,963 | 400,713 | 416,078 | 206,242 | 9,413 |
| Group Debtors | 2,321,282 | 2,916,210 | 2,881,334 | 2,734,043 | 1,106,468 | 188,099 | 0 | 0 |
| Misc Debtors | 361,970 | 356,987 | 576,742 | 164,970 | 490,874 | 321,465 | 207,000 | 47,751 |
| Cash | 121,020 | 121,115 | 56,171 | 907 | 63 | 388,486 | 152,969 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,460,926 | 4,369,603 | 3,993,649 | 3,427,378 | 2,418,661 | 1,400,287 | 604,518 | 119,300 |
| total assets | 4,629,718 | 5,095,967 | 4,303,944 | 3,457,016 | 2,492,892 | 1,403,053 | 728,851 | 132,397 |
| Bank overdraft | 0 | 389,757 | 53,715 | 498,666 | 409,542 | 0 | 0 | 64 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 137,473 | 403,874 | 364,917 | 412,834 | 423,350 | 77,126 | 83,234 | 38,979 |
| Group/Directors Accounts | 0 | 30,300 | 97,887 | 0 | 9,540 | 441,190 | 509,407 | 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 | 7,407,296 | 4,608,097 | 2,500,616 | 536,275 | 1,291,483 | 630,264 | 113,384 | 31,223 |
| total current liabilities | 7,544,769 | 5,432,028 | 3,017,135 | 1,447,775 | 2,133,915 | 1,148,580 | 706,025 | 70,266 |
| 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 | 0 | 0 | 0 | 522,966 |
| provisions | 0 | 0 | 30,456 | 5,600 | 14,104 | 526 | 0 | 0 |
| total long term liabilities | 0 | 0 | 30,456 | 5,600 | 14,104 | 526 | 0 | 522,966 |
| total liabilities | 7,544,769 | 5,432,028 | 3,047,591 | 1,453,375 | 2,148,019 | 1,149,106 | 706,025 | 593,232 |
| net assets | -2,915,051 | -336,061 | 1,256,353 | 2,003,641 | 344,873 | 253,947 | 22,826 | -460,835 |
| total shareholders funds | -2,915,051 | -336,061 | 1,256,353 | 2,003,641 | 344,873 | 253,947 | 22,826 | -460,835 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 3,125 | 0 | 29,638 | 44,593 | 15,578 | 2,860 | 754 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -277,313 | 579,298 | 56,434 | -202,048 | 334,384 | 47,852 | -23,829 | 62,136 |
| Debtors | -631,269 | -268,288 | 454,573 | 1,209,921 | 1,072,413 | 393,693 | 461,688 | 70,261 |
| Creditors | -266,401 | 38,957 | -47,917 | -10,516 | 346,224 | -6,108 | 44,255 | 38,979 |
| Accruals and Deferred Income | 2,799,199 | 2,107,481 | 1,964,341 | -755,208 | 661,219 | 516,880 | 82,161 | 31,223 |
| Deferred Taxes & Provisions | 0 | -30,456 | 24,856 | -8,504 | 13,578 | 526 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -30,300 | -67,587 | 97,887 | -9,540 | -431,650 | -68,217 | 509,407 | 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 | 0 | 0 | 0 | 0 | -522,966 | 522,966 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -95 | 64,944 | 55,264 | 844 | -388,423 | 235,517 | 152,969 | 0 |
| overdraft | -389,757 | 336,042 | -444,951 | 89,124 | 409,542 | 0 | -64 | 64 |
| change in cash | 389,662 | -271,098 | 500,215 | -88,280 | -797,965 | 235,517 | 153,033 | -64 |
jrm advanced engineering limited Credit Report and Business Information
Jrm Advanced Engineering Limited Competitor Analysis
Perform a competitor analysis for jrm advanced engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NN11 area or any other competitors across 12 key performance metrics.
jrm advanced engineering limited Ownership
JRM ADVANCED ENGINEERING LIMITED group structure
Jrm Advanced Engineering Limited has no subsidiary companies.
jrm advanced engineering limited directors
Jrm Advanced Engineering Limited currently has 2 directors. The longest serving directors include Mr James Rumsey (Oct 2014) and Mr Jason King (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Rumsey | England | 44 years | Oct 2014 | - | Director |
| Mr Jason King | England | 53 years | Feb 2016 | - | Director |
P&L
December 2022turnover
878.6k
-46%
operating profit
-2.6m
0%
gross margin
30.2%
+2.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-2.9m
+7.67%
total assets
4.6m
-0.09%
cash
121k
0%
net assets
Total assets minus all liabilities
Similar Companies
jrm advanced engineering limited company details
company number
09247857
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
October 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
units 3-4 rutherford way, drayton fields industrial estate, daventry, northamptonshire, NN11 8XW
accountant
TC SEM LIMITED
auditor
-
jrm advanced engineering 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 2 charges/mortgages relating to jrm advanced engineering limited. Currently there are 0 open charges and 2 have been satisfied in the past.
jrm advanced engineering limited Companies House Filings - See Documents
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