p.p engineering (stroud) limited
p.p engineering (stroud) limited Company Information
Company Number
10223165
Next Accounts
Dec 2024
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Directors
Shareholders
the hammond holding group limited
Group Structure
View All
Contact
Registered Address
4th floor llanthony warehouse, the docks, gloucester, gloucestershire, GL1 2EH
Website
-p.p engineering (stroud) limited Estimated Valuation
Pomanda estimates the enterprise value of P.P ENGINEERING (STROUD) LIMITED at £1.1m based on a Turnover of £1.9m and 0.57x industry multiple (adjusted for size and gross margin).
p.p engineering (stroud) limited Estimated Valuation
Pomanda estimates the enterprise value of P.P ENGINEERING (STROUD) LIMITED at £0 based on an EBITDA of £-410.7k and a 5.08x industry multiple (adjusted for size and gross margin).
p.p engineering (stroud) limited Estimated Valuation
Pomanda estimates the enterprise value of P.P ENGINEERING (STROUD) LIMITED at £5.1m based on Net Assets of £2m and 2.51x industry multiple (adjusted for liquidity).
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P.p Engineering (stroud) Limited Overview
P.p Engineering (stroud) Limited is a live company located in gloucester, GL1 2EH with a Companies House number of 10223165. It operates in the other engineering activities sector, SIC Code 71129. Founded in June 2016, it's largest shareholder is the hammond holding group limited with a 100% stake. P.p Engineering (stroud) Limited is a young, small sized company, Pomanda has estimated its turnover at £1.9m with high growth in recent years.
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P.p Engineering (stroud) Limited Health Check
Pomanda's financial health check has awarded P.P Engineering (Stroud) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £1.9m, make it in line with the average company (£2.4m)
- P.p Engineering (stroud) Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (3.2%)
- P.p Engineering (stroud) Limited
3.2% - Industry AVG
Production
with a gross margin of 34%, this company has a comparable cost of product (34%)
- P.p Engineering (stroud) Limited
34% - Industry AVG
Profitability
an operating margin of -26.1% make it less profitable than the average company (5.8%)
- P.p Engineering (stroud) Limited
5.8% - Industry AVG
Employees
with 13 employees, this is below the industry average (22)
13 - P.p Engineering (stroud) Limited
22 - Industry AVG
Pay Structure
on an average salary of £48.9k, the company has an equivalent pay structure (£48.9k)
- P.p Engineering (stroud) Limited
£48.9k - Industry AVG
Efficiency
resulting in sales per employee of £149.6k, this is more efficient (£117.7k)
- P.p Engineering (stroud) Limited
£117.7k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is near the average (69 days)
- P.p Engineering (stroud) Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (29 days)
- P.p Engineering (stroud) Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is more than average (37 days)
- P.p Engineering (stroud) Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (19 weeks)
44 weeks - P.p Engineering (stroud) Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.1%, this is a lower level of debt than the average (59.5%)
30.1% - P.p Engineering (stroud) Limited
59.5% - Industry AVG
P.P ENGINEERING (STROUD) LIMITED financials
P.P Engineering (Stroud) Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £2 million. According to their latest financial statements, P.P Engineering (Stroud) Limited has 13 employees and maintains cash reserves of £744.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 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 | 13 | 14 | 11 | 11 | 9 | 8 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 537,365 | 465,978 | 511,919 | 601,152 | 356,047 | 418,114 | 280,584 |
| Intangible Assets | 0 | 0 | 0 | 20,000 | 40,000 | 60,000 | 80,000 |
| Investments & Other | 0 | 0 | 40,200 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 537,365 | 465,978 | 552,119 | 621,152 | 396,047 | 478,114 | 360,584 |
| Stock & work in progress | 183,743 | 175,300 | 180,970 | 208,120 | 189,200 | 241,200 | 281,553 |
| Trade Debtors | 447,145 | 429,546 | 572,502 | 44,877 | 195,400 | 201,463 | 235,095 |
| Group Debtors | 962,880 | 848,957 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,464 | 5,935 | 170,095 | 105,930 | 84,560 | 150,000 | 225,000 |
| Cash | 744,357 | 1,418,682 | 2,119,819 | 1,647,828 | 1,050,347 | 700,365 | 641,730 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,344,589 | 2,878,420 | 3,043,386 | 2,006,755 | 1,519,507 | 1,293,028 | 1,383,378 |
| total assets | 2,881,954 | 3,344,398 | 3,595,505 | 2,627,907 | 1,915,554 | 1,771,142 | 1,743,962 |
| Bank overdraft | 0 | 0 | 0 | 0 | 2,313 | 2,607 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 245,711 | 201,877 | 176,053 | 146,830 | 154,845 | 41,517 | 63,390 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 620,853 | 665,276 | 821,004 | 881,599 | 835,179 | 1,007,782 | 1,316,639 |
| total current liabilities | 866,564 | 867,153 | 997,057 | 1,028,429 | 992,337 | 1,051,906 | 1,380,029 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 205,167 | 266,684 | 80,257 | 112,866 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 205,167 | 266,684 | 80,257 | 112,866 | 0 |
| total liabilities | 866,564 | 867,153 | 1,202,224 | 1,295,113 | 1,072,594 | 1,164,772 | 1,380,029 |
| net assets | 2,015,390 | 2,477,245 | 2,393,281 | 1,332,794 | 842,960 | 606,370 | 363,933 |
| total shareholders funds | 2,015,390 | 2,477,245 | 2,393,281 | 1,332,794 | 842,960 | 606,370 | 363,933 |
| Mar 2023 | Mar 2022 | Mar 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 97,112 | 83,077 | 91,467 | 87,878 | 64,403 | 75,880 | 49,515 |
| Amortisation | 0 | 0 | 0 | 20,000 | 20,000 | 20,000 | 20,000 |
| Tax | |||||||
| Stock | 8,443 | -5,670 | -27,150 | 18,920 | -52,000 | -40,353 | 281,553 |
| Debtors | 132,051 | 541,841 | 591,790 | -129,153 | -71,503 | -108,632 | 460,095 |
| Creditors | 43,834 | 25,824 | 29,223 | -8,015 | 113,328 | -21,873 | 63,390 |
| Accruals and Deferred Income | -44,423 | -155,728 | -60,595 | 46,420 | -172,603 | -308,857 | 1,316,639 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | -40,200 | 40,200 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -205,167 | -61,517 | 186,427 | -32,609 | 112,866 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -674,325 | -701,137 | 471,991 | 597,481 | 349,982 | 58,635 | 641,730 |
| overdraft | 0 | 0 | 0 | -2,313 | -294 | 2,607 | 0 |
| change in cash | -674,325 | -701,137 | 471,991 | 599,794 | 350,276 | 56,028 | 641,730 |
p.p engineering (stroud) limited Credit Report and Business Information
P.p Engineering (stroud) Limited Competitor Analysis
Perform a competitor analysis for p.p engineering (stroud) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in GL1 area or any other competitors across 12 key performance metrics.
p.p engineering (stroud) limited Ownership
P.P ENGINEERING (STROUD) LIMITED group structure
P.P Engineering (Stroud) Limited has no subsidiary companies.
Ultimate parent company
1 parent
P.P ENGINEERING (STROUD) LIMITED
10223165
p.p engineering (stroud) limited directors
P.P Engineering (Stroud) Limited currently has 1 director, Mr Kevin Hammond serving since Jun 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Hammond | United Kingdom | 59 years | Jun 2016 | - | Director |
P&L
March 2023turnover
1.9m
+7%
operating profit
-507.8k
0%
gross margin
34.1%
+1.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2m
-0.19%
total assets
2.9m
-0.14%
cash
744.4k
-0.48%
net assets
Total assets minus all liabilities
p.p engineering (stroud) limited company details
company number
10223165
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
4th floor llanthony warehouse, the docks, gloucester, gloucestershire, GL1 2EH
Bank
-
Legal Advisor
-
p.p engineering (stroud) 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 did not find charges/mortgages relating to p.p engineering (stroud) limited.
p.p engineering (stroud) 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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p.p engineering (stroud) limited Companies House Filings - See Documents
| date | description | view/download |
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