izak engineering ltd

izak engineering ltd Company Information

Share IZAK ENGINEERING LTD
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Company Number

10575173

Industry

Machining

 

Directors

Alastair Moss

Shareholders

izak group limited

Group Structure

View All

Contact

Registered Address

16 a kiln lane, harpur hill ind est, buxton, SK17 9JL

Website

-

izak engineering ltd Estimated Valuation

£38.5k

Pomanda estimates the enterprise value of IZAK ENGINEERING LTD at £38.5k based on a Turnover of £95.9k and 0.4x industry multiple (adjusted for size and gross margin).

izak engineering ltd Estimated Valuation

£5.6k

Pomanda estimates the enterprise value of IZAK ENGINEERING LTD at £5.6k based on an EBITDA of £1.7k and a 3.23x industry multiple (adjusted for size and gross margin).

izak engineering ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of IZAK ENGINEERING LTD at £0 based on Net Assets of £-4.6k and 1.8x industry multiple (adjusted for liquidity).

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Izak Engineering Ltd Overview

Izak Engineering Ltd is a live company located in buxton, SK17 9JL with a Companies House number of 10575173. It operates in the machining sector, SIC Code 25620. Founded in January 2017, it's largest shareholder is izak group limited with a 100% stake. Izak Engineering Ltd is a young, micro sized company, Pomanda has estimated its turnover at £95.9k with declining growth in recent years.

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Izak Engineering Ltd Health Check

Pomanda's financial health check has awarded Izak Engineering Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £95.9k, make it smaller than the average company (£9.9m)

£95.9k - Izak Engineering Ltd

£9.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.5%)

-6% - Izak Engineering Ltd

6.5% - Industry AVG

production

Production

with a gross margin of 28.6%, this company has a comparable cost of product (28.6%)

28.6% - Izak Engineering Ltd

28.6% - Industry AVG

profitability

Profitability

an operating margin of -0.1% make it less profitable than the average company (6.7%)

-0.1% - Izak Engineering Ltd

6.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (79)

2 - Izak Engineering Ltd

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)

£45.3k - Izak Engineering Ltd

£45.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £48k, this is less efficient (£141.7k)

£48k - Izak Engineering Ltd

£141.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is earlier than average (63 days)

25 days - Izak Engineering Ltd

63 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (47 days)

20 days - Izak Engineering Ltd

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (67 days)

1 days - Izak Engineering Ltd

67 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)

1 weeks - Izak Engineering Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 132.9%, this is a higher level of debt than the average (48.2%)

132.9% - Izak Engineering Ltd

48.2% - Industry AVG

IZAK ENGINEERING LTD financials

EXPORTms excel logo

Izak Engineering Ltd's latest turnover from January 2024 is estimated at £95.9 thousand and the company has net assets of -£4.6 thousand. According to their latest financial statements, Izak Engineering Ltd has 2 employees and maintains cash reserves of £239 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Turnover95,94682,28371,915114,94793,66273,017116,841
Other Income Or Grants0000000
Cost Of Sales68,48060,28252,08985,20867,54452,79482,864
Gross Profit27,46622,00119,82729,73926,11820,22333,977
Admin Expenses27,61125,28919,38833,95928,45516,10727,726
Operating Profit-145-3,288439-4,220-2,3374,1166,251
Interest Payable1,1791,188906458000
Interest Receivable35189163811
Pre-Tax Profit-1,288-4,287-451-4,675-2,3294,1176,252
Tax00000-782-1,188
Profit After Tax-1,288-4,287-451-4,675-2,3293,3355,064
Dividends Paid0000000
Retained Profit-1,288-4,287-451-4,675-2,3293,3355,064
Employee Costs90,61986,30184,17280,03880,42838,23774,662
Number Of Employees2222212
EBITDA*1,726-1,3862,310-1,957-5926,2787,603

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Tangible Assets6,7868,0658,8978,6338,5818,6475,409
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets6,7868,0658,8978,6338,5818,6475,409
Stock & work in progress3003001,621003,6150
Trade Debtors6,7563,1861,75812,4615,40515,89216,529
Group Debtors0000000
Misc Debtors08091,03679007070
Cash2391,1099,6663,1741,97973263
misc current assets0000000
total current assets7,2955,40414,08116,4257,38420,28716,792
total assets14,08113,46922,97825,05815,96528,93422,201
Bank overdraft3,0003,00000000
Bank loan0000000
Trade Creditors 3,9003,0662,7515,8533,2098,7056,100
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities4,6942,2583,7291,5405,07910,35910,116
total current liabilities11,5948,3246,4807,3938,28819,06416,216
loans6,9538,00014,00015,000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions1644871,5531,2691,6061,470920
total long term liabilities7,1178,48715,55316,2691,6061,470920
total liabilities18,71116,81122,03323,6629,89420,53417,136
net assets-4,630-3,3429451,3966,0718,4005,065
total shareholders funds-4,630-3,3429451,3966,0718,4005,065
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018
Operating Activities
Operating Profit-145-3,288439-4,220-2,3374,1166,251
Depreciation1,8711,9021,8712,2631,7452,1621,352
Amortisation0000000
Tax00000-782-1,188
Stock0-1,3211,6210-3,6153,6150
Debtors2,7611,201-10,4577,846-11,1947016,529
Creditors834315-3,1022,644-5,4962,6056,100
Accruals and Deferred Income2,436-1,4712,189-3,539-5,28024310,116
Deferred Taxes & Provisions-323-1,066284-337136550920
Cash flow from operations1,912-3,48810,517-11,0353,5775,2097,022
Investing Activities
capital expenditure-592-1,070-2,135-2,315-1,679-5,400-6,761
Change in Investments0000000
cash flow from investments-592-1,070-2,135-2,315-1,679-5,400-6,761
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans-1,047-6,000-1,00015,000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0000001
interest-1,144-999-890-455811
cash flow from financing-2,191-6,999-1,89014,545812
cash and cash equivalents
cash-870-8,5576,4921,1951,906-190263
overdraft03,00000000
change in cash-870-11,5576,4921,1951,906-190263

izak engineering ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Izak Engineering Ltd Competitor Analysis

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Perform a competitor analysis for izak engineering ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in SK17 area or any other competitors across 12 key performance metrics.

izak engineering ltd Ownership

IZAK ENGINEERING LTD group structure

Izak Engineering Ltd has no subsidiary companies.

Ultimate parent company

1 parent

IZAK ENGINEERING LTD

10575173

IZAK ENGINEERING LTD Shareholders

izak group limited 100%

izak engineering ltd directors

Izak Engineering Ltd currently has 1 director, Mr Alastair Moss serving since Jan 2017.

officercountryagestartendrole
Mr Alastair MossEngland63 years Jan 2017- Director

P&L

January 2024

turnover

95.9k

+17%

operating profit

-144.8

0%

gross margin

28.7%

+7.06%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2024

net assets

-4.6k

+0.39%

total assets

14.1k

+0.05%

cash

239

-0.78%

net assets

Total assets minus all liabilities

izak engineering ltd company details

company number

10575173

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

January 2017

age

8

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

DANIEL SAM LIMITED

auditor

-

address

16 a kiln lane, harpur hill ind est, buxton, SK17 9JL

Bank

-

Legal Advisor

-

izak engineering 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 izak engineering ltd.

izak engineering 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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izak engineering ltd Companies House Filings - See Documents

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