handley engineering and machining services ltd
handley engineering and machining services ltd Company Information
Company Number
10191692
Next Accounts
896 days late
Shareholders
david bruce
david watson
View AllGroup Structure
View All
Industry
Manufacture of plastics in primary forms
Registered Address
collingwood house church square, hartlepool, TS24 7EN
Website
-handley engineering and machining services ltd Estimated Valuation
Pomanda estimates the enterprise value of HANDLEY ENGINEERING AND MACHINING SERVICES LTD at £184.9k based on a Turnover of £449.5k and 0.41x industry multiple (adjusted for size and gross margin).
handley engineering and machining services ltd Estimated Valuation
Pomanda estimates the enterprise value of HANDLEY ENGINEERING AND MACHINING SERVICES LTD at £0 based on an EBITDA of £-6.7k and a 3.22x industry multiple (adjusted for size and gross margin).
handley engineering and machining services ltd Estimated Valuation
Pomanda estimates the enterprise value of HANDLEY ENGINEERING AND MACHINING SERVICES LTD at £0 based on Net Assets of £-9.9k and 1.98x industry multiple (adjusted for liquidity).
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Handley Engineering And Machining Services Ltd Overview
Handley Engineering And Machining Services Ltd is a live company located in hartlepool, TS24 7EN with a Companies House number of 10191692. It operates in the manufacture of plastics in primary forms sector, SIC Code 20160. Founded in May 2016, it's largest shareholder is david bruce with a 60% stake. Handley Engineering And Machining Services Ltd is a young, micro sized company, Pomanda has estimated its turnover at £449.5k with rapid growth in recent years.
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Handley Engineering And Machining Services Ltd Health Check
Pomanda's financial health check has awarded Handley Engineering And Machining Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £449.5k, make it smaller than the average company (£27.4m)
- Handley Engineering And Machining Services Ltd
£27.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 73%, show it is growing at a faster rate (3.2%)
- Handley Engineering And Machining Services Ltd
3.2% - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (20.6%)
- Handley Engineering And Machining Services Ltd
20.6% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (5.3%)
- Handley Engineering And Machining Services Ltd
5.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (90)
3 - Handley Engineering And Machining Services Ltd
90 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£44.2k)
- Handley Engineering And Machining Services Ltd
£44.2k - Industry AVG
Efficiency
resulting in sales per employee of £149.8k, this is less efficient (£282.6k)
- Handley Engineering And Machining Services Ltd
£282.6k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (46 days)
- Handley Engineering And Machining Services Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (32 days)
- Handley Engineering And Machining Services Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Handley Engineering And Machining Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Handley Engineering And Machining Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.1%, this is a higher level of debt than the average (39.2%)
114.1% - Handley Engineering And Machining Services Ltd
39.2% - Industry AVG
HANDLEY ENGINEERING AND MACHINING SERVICES LTD financials
Handley Engineering And Machining Services Ltd's latest turnover from November 2020 is estimated at £449.5 thousand and the company has net assets of -£9.9 thousand. According to their latest financial statements, Handley Engineering And Machining Services Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2020 | Nov 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|
| 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 | 2 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2020 | Nov 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|
| Tangible Assets | 18,000 | 22,500 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,000 | 22,500 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 52,454 | 55,627 | 1 | 1,650 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 5,105 | 0 |
| Cash | 0 | 0 | 99,706 | 63,776 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 52,454 | 55,627 | 104,812 | 65,426 |
| total assets | 70,454 | 78,127 | 104,812 | 65,426 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 80,388 | 81,358 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 104,411 | 48,411 |
| total current liabilities | 80,388 | 81,358 | 104,411 | 48,411 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 80,388 | 81,358 | 104,411 | 48,411 |
| net assets | -9,934 | -3,231 | 401 | 17,015 |
| total shareholders funds | -9,934 | -3,231 | 401 | 17,015 |
| Nov 2020 | Nov 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | ||
| Amortisation | 0 | 0 | ||
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -3,173 | 50,521 | 3,456 | 1,650 |
| Creditors | -970 | 81,358 | 0 | 0 |
| Accruals and Deferred Income | 0 | -104,411 | 56,000 | 48,411 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | -99,706 | 35,930 | 63,776 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | -99,706 | 35,930 | 63,776 |
handley engineering and machining services ltd Credit Report and Business Information
Handley Engineering And Machining Services Ltd Competitor Analysis
Perform a competitor analysis for handley engineering and machining services ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in TS24 area or any other competitors across 12 key performance metrics.
handley engineering and machining services ltd Ownership
HANDLEY ENGINEERING AND MACHINING SERVICES LTD group structure
Handley Engineering And Machining Services Ltd has no subsidiary companies.
Ultimate parent company
HANDLEY ENGINEERING AND MACHINING SERVICES LTD
10191692
handley engineering and machining services ltd directors
Handley Engineering And Machining Services Ltd currently has 2 directors. The longest serving directors include Mr Alexander Hall (Mar 2021) and Mr David Watson (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Hall | England | 46 years | Mar 2021 | - | Director |
| Mr David Watson | England | 63 years | Jun 2021 | - | Director |
P&L
November 2020turnover
449.5k
+34%
operating profit
-6.7k
0%
gross margin
13.2%
-2.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2020net assets
-9.9k
+2.07%
total assets
70.5k
-0.1%
cash
0
0%
net assets
Total assets minus all liabilities
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handley engineering and machining services ltd company details
company number
10191692
Type
Private limited with Share Capital
industry
20160 - Manufacture of plastics in primary forms
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
November 2020
previous names
moldco limited (April 2022)
accountant
-
auditor
-
address
collingwood house church square, hartlepool, TS24 7EN
Bank
-
Legal Advisor
-
handley engineering and machining services ltd 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 did not find charges/mortgages relating to handley engineering and machining services ltd.
handley engineering and machining services ltd 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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handley engineering and machining services ltd Companies House Filings - See Documents
| date | description | view/download |
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