parnall engineering advanced limited
parnall engineering advanced limited Company Information
Group Structure
View All
Industry
Engineering design activities for industrial process and production
Registered Address
15 - 19 westgate street, launceston, cornwall, PL15 7AB
Website
www.parnalls.comparnall engineering advanced limited Estimated Valuation
Pomanda estimates the enterprise value of PARNALL ENGINEERING ADVANCED LIMITED at £1.5k based on a Turnover of £3.3k and 0.44x industry multiple (adjusted for size and gross margin).
parnall engineering advanced limited Estimated Valuation
Pomanda estimates the enterprise value of PARNALL ENGINEERING ADVANCED LIMITED at £0 based on an EBITDA of £-2.6k and a 3.81x industry multiple (adjusted for size and gross margin).
parnall engineering advanced limited Estimated Valuation
Pomanda estimates the enterprise value of PARNALL ENGINEERING ADVANCED LIMITED at £0 based on Net Assets of £-285.6k and 2.63x industry multiple (adjusted for liquidity).
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Parnall Engineering Advanced Limited Overview
Parnall Engineering Advanced Limited is a live company located in cornwall, PL15 7AB with a Companies House number of 09916809. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in December 2015, it's largest shareholder is parnall group limited with a 100% stake. Parnall Engineering Advanced Limited is a established, micro sized company, Pomanda has estimated its turnover at £3.3k with declining growth in recent years.
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Parnall Engineering Advanced Limited Health Check
Pomanda's financial health check has awarded Parnall Engineering Advanced Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £3.3k, make it smaller than the average company (£2.2m)
- Parnall Engineering Advanced Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -83%, show it is growing at a slower rate (8%)
- Parnall Engineering Advanced Limited
8% - Industry AVG
Production
with a gross margin of 31.5%, this company has a comparable cost of product (31.5%)
- Parnall Engineering Advanced Limited
31.5% - Industry AVG
Profitability
an operating margin of -77.3% make it less profitable than the average company (5.9%)
- Parnall Engineering Advanced Limited
5.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (31)
- Parnall Engineering Advanced Limited
31 - Industry AVG
Pay Structure
on an average salary of £57.6k, the company has an equivalent pay structure (£57.6k)
- Parnall Engineering Advanced Limited
£57.6k - Industry AVG
Efficiency
resulting in sales per employee of £3.3k, this is less efficient (£113.3k)
- Parnall Engineering Advanced Limited
£113.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Parnall Engineering Advanced Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (39 days)
- Parnall Engineering Advanced Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Parnall Engineering Advanced Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Parnall Engineering Advanced Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1527.5%, this is a higher level of debt than the average (50.6%)
1527.5% - Parnall Engineering Advanced Limited
50.6% - Industry AVG
PARNALL ENGINEERING ADVANCED LIMITED financials
Parnall Engineering Advanced Limited's latest turnover from December 2023 is estimated at £3.3 thousand and the company has net assets of -£285.6 thousand. According to their latest financial statements, we estimate that Parnall Engineering Advanced Limited has 1 employee and maintains cash reserves of £101 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 5 | 31 | 28 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 93,163 | 122,779 | 59,607 | |||||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 93,163 | 122,779 | 59,607 | |||||
| Stock & work in progress | 1,760,546 | 631,809 | 126,693 | |||||
| Trade Debtors | 30,325 | 1,680,025 | 287,847 | 85,947 | 21,554 | |||
| Group Debtors | ||||||||
| Misc Debtors | 19,909 | 19,840 | 19,795 | |||||
| Cash | 101 | 482 | 667 | 3,637 | 9,072 | 14,352 | 2,567 | 806 |
| misc current assets | ||||||||
| total current assets | 20,010 | 20,322 | 20,462 | 33,962 | 1,689,097 | 2,062,745 | 720,323 | 149,053 |
| total assets | 20,010 | 20,322 | 20,462 | 33,962 | 1,689,097 | 2,155,908 | 843,102 | 208,660 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 534 | 282 | 309,196 | 1,947,747 | 2,440,463 | 18,998 | 77,434 | |
| Group/Directors Accounts | 301,018 | 301,018 | 299,541 | |||||
| other short term finances | 836,953 | |||||||
| hp & lease commitments | ||||||||
| other current liabilities | 4,100 | 2,100 | 1,500 | 198,494 | ||||
| total current liabilities | 305,652 | 303,400 | 301,041 | 309,196 | 1,947,747 | 2,440,463 | 1,054,445 | 77,434 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 25,887 | 32,140 | ||||||
| provisions | ||||||||
| total long term liabilities | 25,887 | 32,140 | ||||||
| total liabilities | 305,652 | 303,400 | 301,041 | 309,196 | 1,947,747 | 2,440,463 | 1,080,332 | 109,574 |
| net assets | -285,642 | -283,078 | -280,579 | -275,234 | -258,650 | -284,555 | -237,230 | 99,086 |
| total shareholders funds | -285,642 | -283,078 | -280,579 | -275,234 | -258,650 | -284,555 | -237,230 | 99,086 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 38,005 | 38,890 | 18,104 | |||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | -1,760,546 | 1,128,737 | 505,116 | 126,693 | ||||
| Debtors | 69 | 45 | -10,530 | -1,649,700 | 1,392,178 | 201,900 | 64,393 | 21,554 |
| Creditors | 252 | 282 | -309,196 | -1,638,551 | -492,716 | 2,421,465 | -58,436 | 77,434 |
| Accruals and Deferred Income | 2,000 | 600 | 1,500 | -198,494 | 198,494 | |||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 1,477 | 299,541 | ||||||
| Other Short Term Loans | -836,953 | 836,953 | ||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -25,887 | -6,253 | 32,140 | |||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -381 | -185 | -2,970 | -5,435 | -5,280 | 11,785 | 1,761 | 806 |
| overdraft | ||||||||
| change in cash | -381 | -185 | -2,970 | -5,435 | -5,280 | 11,785 | 1,761 | 806 |
parnall engineering advanced limited Credit Report and Business Information
Parnall Engineering Advanced Limited Competitor Analysis
Perform a competitor analysis for parnall engineering advanced limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in PL15 area or any other competitors across 12 key performance metrics.
parnall engineering advanced limited Ownership
PARNALL ENGINEERING ADVANCED LIMITED group structure
Parnall Engineering Advanced Limited has no subsidiary companies.
Ultimate parent company
1 parent
PARNALL ENGINEERING ADVANCED LIMITED
09916809
parnall engineering advanced limited directors
Parnall Engineering Advanced Limited currently has 1 director, Mr Robert Parnall serving since Dec 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Parnall | United Kingdom | 65 years | Dec 2015 | - | Director |
P&L
December 2023turnover
3.3k
+115%
operating profit
-2.6k
0%
gross margin
31.6%
+5.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-285.6k
+0.01%
total assets
20k
-0.02%
cash
101
-0.79%
net assets
Total assets minus all liabilities
parnall engineering advanced limited company details
company number
09916809
Type
Private limited with Share Capital
industry
71121 - Engineering design activities for industrial process and production
incorporation date
December 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
15 - 19 westgate street, launceston, cornwall, PL15 7AB
Bank
-
Legal Advisor
-
parnall engineering advanced 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 1 charges/mortgages relating to parnall engineering advanced limited. Currently there are 0 open charges and 1 have been satisfied in the past.
parnall engineering advanced 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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parnall engineering advanced limited Companies House Filings - See Documents
| date | description | view/download |
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