british engineering services limited
british engineering services limited Company Information
Company Number
09299724
Registered Address
british engineering services, unit 718 eddington way, warrington, WA3 6BA
Industry
Technical testing and analysis
Telephone
03457125842
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
british engineering services holdco limited 100%
british engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH ENGINEERING SERVICES LIMITED at £84.9m based on a Turnover of £54.2m and 1.57x industry multiple (adjusted for size and gross margin).
british engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH ENGINEERING SERVICES LIMITED at £75.2m based on an EBITDA of £5.9m and a 12.73x industry multiple (adjusted for size and gross margin).
british engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH ENGINEERING SERVICES LIMITED at £90.3m based on Net Assets of £28.9m and 3.12x industry multiple (adjusted for liquidity).
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British Engineering Services Limited Overview
British Engineering Services Limited is a live company located in warrington, WA3 6BA with a Companies House number of 09299724. It operates in the technical testing and analysis sector, SIC Code 71200. Founded in November 2014, it's largest shareholder is british engineering services holdco limited with a 100% stake. British Engineering Services Limited is a established, large sized company, Pomanda has estimated its turnover at £54.2m with healthy growth in recent years.
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British Engineering Services Limited Health Check
Pomanda's financial health check has awarded British Engineering Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £54.2m, make it larger than the average company (£3.9m)
£54.2m - British Engineering Services Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.6%)
6% - British Engineering Services Limited
2.6% - Industry AVG
Production
with a gross margin of 48.2%, this company has a comparable cost of product (46.2%)
48.2% - British Engineering Services Limited
46.2% - Industry AVG
Profitability
an operating margin of 4.5% make it as profitable than the average company (5.1%)
4.5% - British Engineering Services Limited
5.1% - Industry AVG
Employees
with 681 employees, this is above the industry average (31)
681 - British Engineering Services Limited
31 - Industry AVG
Pay Structure
on an average salary of £59.3k, the company has a higher pay structure (£42.3k)
£59.3k - British Engineering Services Limited
£42.3k - Industry AVG
Efficiency
resulting in sales per employee of £79.6k, this is less efficient (£96k)
£79.6k - British Engineering Services Limited
£96k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (58 days)
63 days - British Engineering Services Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (26 days)
15 days - British Engineering Services Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - British Engineering Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - British Engineering Services Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.9%, this is a lower level of debt than the average (59.3%)
44.9% - British Engineering Services Limited
59.3% - Industry AVG
BRITISH ENGINEERING SERVICES LIMITED financials
British Engineering Services Limited's latest turnover from December 2022 is £54.2 million and the company has net assets of £28.9 million. According to their latest financial statements, British Engineering Services Limited has 681 employees and maintains cash reserves of £1.5 million 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 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 54,208,000 | 51,343,000 | 47,855,000 | 45,421,000 | 41,135,000 | 42,104,000 | 50,125,000 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 28,059,000 | 27,244,000 | 25,058,000 | 23,504,000 | 22,067,000 | 24,387,000 | 28,771,000 | 0 |
| Gross Profit | 26,149,000 | 24,099,000 | 22,797,000 | 21,917,000 | 19,068,000 | 17,717,000 | 21,354,000 | 0 |
| Admin Expenses | 23,724,000 | 22,219,000 | 19,625,000 | 18,229,000 | 19,421,000 | 19,669,000 | 25,219,000 | 0 |
| Operating Profit | 2,425,000 | 1,880,000 | 3,172,000 | 3,688,000 | -353,000 | -1,952,000 | -3,865,000 | 0 |
| Interest Payable | 494,000 | 120,000 | 634,000 | 160,000 | 671,000 | 1,818,000 | 2,050,000 | 0 |
| Interest Receivable | 535,000 | 119,000 | 1,026,000 | 463,000 | 178,000 | 10,000 | 0 | 0 |
| Pre-Tax Profit | 2,466,000 | 1,879,000 | 3,564,000 | 3,991,000 | -846,000 | -3,780,000 | -5,777,000 | 0 |
| Tax | -755,000 | -317,000 | -693,000 | -729,000 | 127,000 | 591,000 | 1,007,000 | 0 |
| Profit After Tax | 1,711,000 | 1,562,000 | 2,871,000 | 3,262,000 | -719,000 | -3,189,000 | -4,770,000 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,711,000 | 1,562,000 | 2,871,000 | 3,262,000 | -719,000 | -3,189,000 | -4,770,000 | 0 |
| Employee Costs | 40,405,000 | 36,946,000 | 33,932,000 | 30,959,000 | 29,383,000 | 31,012,000 | 36,156,000 | 0 |
| Number Of Employees | 681 | 637 | 589 | 550 | 534 | 605 | 599 | |
| EBITDA* | 5,908,000 | 7,352,000 | 7,734,000 | 7,344,000 | 2,746,000 | 772,000 | -3,381,000 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,382,000 | 1,715,000 | 1,375,000 | 730,000 | 487,000 | 852,000 | 1,194,000 | 0 |
| Intangible Assets | 8,346,000 | 8,185,000 | 11,376,000 | 13,761,000 | 14,733,000 | 15,736,000 | 16,669,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 849,000 | 1,578,000 | 1,451,000 | 764,000 | 0 |
| Total Fixed Assets | 10,728,000 | 9,900,000 | 12,751,000 | 15,340,000 | 16,798,000 | 18,039,000 | 18,627,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,412,000 | 6,508,000 | 6,735,000 | 6,952,000 | 7,814,000 | 8,171,000 | 6,890,000 | 2,080,000 |
| Group Debtors | 24,563,000 | 34,472,000 | 25,124,000 | 18,578,000 | 5,771,000 | 2,969,000 | 1,338,000 | 0 |
| Misc Debtors | 6,253,000 | 5,629,000 | 5,115,000 | 4,965,000 | 4,479,000 | 5,688,000 | 8,577,000 | 0 |
| Cash | 1,508,000 | 11,727,000 | 9,596,000 | 3,112,000 | 2,985,000 | 2,751,000 | 2,036,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 41,736,000 | 58,336,000 | 46,570,000 | 33,607,000 | 21,049,000 | 19,579,000 | 18,841,000 | 2,080,000 |
| total assets | 52,464,000 | 68,236,000 | 59,321,000 | 48,947,000 | 37,847,000 | 37,618,000 | 37,468,000 | 2,080,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,181,000 | 778,000 | 810,000 | 842,000 | 647,000 | 1,387,000 | 1,456,000 | 0 |
| Group/Directors Accounts | 2,445,000 | 22,737,000 | 12,955,000 | 8,405,000 | 135,000 | 15,728,000 | 22,403,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 24,000 | 94,000 | 94,000 | 0 |
| other current liabilities | 19,101,000 | 17,168,000 | 19,486,000 | 16,673,000 | 17,234,000 | 16,006,000 | 15,854,000 | 0 |
| total current liabilities | 22,727,000 | 40,683,000 | 33,251,000 | 25,920,000 | 18,040,000 | 33,215,000 | 39,807,000 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 16,000 | 110,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 581,000 | 190,000 | 404,000 | 233,000 | 193,000 | 216,000 | 163,000 | 0 |
| provisions | 249,000 | 167,000 | 33,000 | 32,000 | 114,000 | 50,000 | 78,000 | 0 |
| total long term liabilities | 830,000 | 357,000 | 437,000 | 265,000 | 307,000 | 282,000 | 351,000 | 0 |
| total liabilities | 23,557,000 | 41,040,000 | 33,688,000 | 26,185,000 | 18,347,000 | 33,497,000 | 40,158,000 | 0 |
| net assets | 28,907,000 | 27,196,000 | 25,633,000 | 22,762,000 | 19,500,000 | 4,121,000 | -2,690,000 | 2,080,000 |
| total shareholders funds | 28,907,000 | 27,196,000 | 25,633,000 | 22,762,000 | 19,500,000 | 4,121,000 | -2,690,000 | 2,080,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,425,000 | 1,880,000 | 3,172,000 | 3,688,000 | -353,000 | -1,952,000 | -3,865,000 | 0 |
| Depreciation | 707,000 | 617,000 | 383,000 | 386,000 | 522,000 | 506,000 | 484,000 | 0 |
| Amortisation | 2,776,000 | 4,855,000 | 4,179,000 | 3,270,000 | 2,577,000 | 2,218,000 | 0 | 0 |
| Tax | -755,000 | -317,000 | -693,000 | -729,000 | 127,000 | 591,000 | 1,007,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,381,000 | 9,635,000 | 5,630,000 | 11,702,000 | 1,363,000 | 710,000 | 15,489,000 | 2,080,000 |
| Creditors | 403,000 | -32,000 | -32,000 | 195,000 | -740,000 | -69,000 | 1,456,000 | 0 |
| Accruals and Deferred Income | 1,933,000 | -2,318,000 | 2,813,000 | -561,000 | 1,228,000 | 152,000 | 15,854,000 | 0 |
| Deferred Taxes & Provisions | 82,000 | 134,000 | 1,000 | -82,000 | 64,000 | -28,000 | 78,000 | 0 |
| Cash flow from operations | 13,952,000 | -4,816,000 | 4,193,000 | -5,535,000 | 2,062,000 | 708,000 | -475,000 | -2,080,000 |
| 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 | -20,292,000 | 9,782,000 | 4,550,000 | 8,270,000 | -15,593,000 | -6,675,000 | 22,403,000 | 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 | -24,000 | -86,000 | -94,000 | 204,000 | 0 |
| other long term liabilities | 391,000 | -214,000 | 171,000 | 40,000 | -23,000 | 53,000 | 163,000 | 0 |
| share issue | ||||||||
| interest | 41,000 | -1,000 | 392,000 | 303,000 | -493,000 | -1,808,000 | -2,050,000 | 0 |
| cash flow from financing | -19,860,000 | 9,568,000 | 5,113,000 | 8,589,000 | -97,000 | 1,476,000 | 20,720,000 | 2,080,000 |
| cash and cash equivalents | ||||||||
| cash | -10,219,000 | 2,131,000 | 6,484,000 | 127,000 | 234,000 | 715,000 | 2,036,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -10,219,000 | 2,131,000 | 6,484,000 | 127,000 | 234,000 | 715,000 | 2,036,000 | 0 |
british engineering services limited Credit Report and Business Information
British Engineering Services Limited Competitor Analysis
Perform a competitor analysis for british engineering services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
british engineering services limited Ownership
BRITISH ENGINEERING SERVICES LIMITED group structure
British Engineering Services Limited has 3 subsidiary companies.
Ultimate parent company
INFLEXION BUYOUT V INVESTMENTS LP
#0114100
2 parents
BRITISH ENGINEERING SERVICES LIMITED
09299724
3 subsidiaries
british engineering services limited directors
British Engineering Services Limited currently has 2 directors. The longest serving directors include Mr James Reeves (May 2022) and Mr John Campbell (Jun 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Reeves | United Kingdom | 48 years | May 2022 | - | Director |
| Mr John Campbell | England | 56 years | Jun 2023 | - | Director |
P&L
December 2022turnover
54.2m
+6%
operating profit
2.4m
+29%
gross margin
48.3%
+2.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
28.9m
+0.06%
total assets
52.5m
-0.23%
cash
1.5m
-0.87%
net assets
Total assets minus all liabilities
british engineering services limited company details
company number
09299724
Type
Private limited with Share Capital
industry
71200 - Technical testing and analysis
incorporation date
November 2014
age
10
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
vertigo bidco limited (October 2015)
incorporated
UK
address
british engineering services, unit 718 eddington way, warrington, WA3 6BA
last accounts submitted
December 2022
british engineering services 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 7 charges/mortgages relating to british engineering services limited. Currently there are 2 open charges and 5 have been satisfied in the past.
british engineering services limited Companies House Filings - See Documents
| date | description | view/download |
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