Pomanda estimates the enterprise value of TWENTY ONE ENGINEERING LTD at £810k based on a Turnover of £1.7m and 0.47x industry multiple (adjusted for size and gross margin).
twenty one engineering ltdEstimated Valuation
£212.7k
Pomanda estimates the enterprise value of TWENTY ONE ENGINEERING LTD at £212.7k based on an EBITDA of £53.1k and a 4.01x industry multiple (adjusted for size and gross margin).
twenty one engineering ltdEstimated Valuation
£986.2k
Pomanda estimates the enterprise value of TWENTY ONE ENGINEERING LTD at £986.2k based on Net Assets of £388.6k and 2.54x industry multiple (adjusted for liquidity).
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Twenty One Engineering LtdOverview
Twenty One Engineering Ltd is a live company located in essex, CM6 3LD with a Companies House number of 11122323. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in December 2017, it's largest shareholder is
bonanno holdings limited
with a 100% stake. Twenty One Engineering Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.7m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Twenty One Engineering Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
3 Regular
3 Weak
Size
annual sales of £1.7m, make it larger than the average company (£871.7k)
£1.7m - Twenty One Engineering Ltd
£871.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (8.5%)
52% - Twenty One Engineering Ltd
8.5% - Industry AVG
Production
with a gross margin of 58.4%, this company has a comparable cost of product (58.4%)
58.4% - Twenty One Engineering Ltd
58.4% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (7.4%)
2% - Twenty One Engineering Ltd
7.4% - Industry AVG
Employees
with 14 employees, this is above the industry average (8)
14 - Twenty One Engineering Ltd
8 - Industry AVG
Pay Structure
on an average salary of £57.1k, the company has an equivalent pay structure (£57.1k)
£57.1k - Twenty One Engineering Ltd
£57.1k - Industry AVG
Efficiency
resulting in sales per employee of £123.5k, this is equally as efficient (£132.4k)
£123.5k - Twenty One Engineering Ltd
£132.4k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (63 days)
83 days - Twenty One Engineering Ltd
63 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (25 days)
13 days - Twenty One Engineering Ltd
25 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (25 days)
2 days - Twenty One Engineering Ltd
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 30 weeks, this is more cash available to meet short term requirements (24 weeks)
30 weeks - Twenty One Engineering Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.2%, this is a lower level of debt than the average (56%)
43.2% - Twenty One Engineering Ltd
56% - Industry AVG
TWENTY ONE ENGINEERING LTD financials
EXPORT
Twenty One Engineering Ltd's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £388.6 thousand. According to their latest financial statements, Twenty One Engineering Ltd has 14 employees and maintains cash reserves of £153.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Turnover
1,728,319
1,231,038
786,700
487,385
392,895
115,656
Other Income Or Grants
Cost Of Sales
719,870
513,447
323,268
192,788
155,887
42,075
Gross Profit
1,008,449
717,591
463,433
294,597
237,008
73,580
Admin Expenses
973,628
633,548
295,429
179,718
175,193
64,059
Operating Profit
34,821
84,043
168,004
114,879
61,815
9,521
Interest Payable
3,454
1,539
Interest Receivable
7,871
6,059
433
73
Pre-Tax Profit
39,237
88,563
168,437
114,952
61,815
9,521
Tax
-9,809
-16,827
-32,003
-21,841
-11,745
-1,809
Profit After Tax
29,428
71,736
136,434
93,111
50,070
7,712
Dividends Paid
Retained Profit
29,428
71,736
136,434
93,111
50,070
7,712
Employee Costs
800,060
385,072
216,702
203,751
107,562
112,161
Number Of Employees
14
7
4
4
2
2
EBITDA*
53,056
105,290
188,615
114,879
61,815
9,521
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Tangible Assets
58,282
62,346
64,441
6,518
2,624
2,349
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
58,282
62,346
64,441
6,518
2,624
2,349
Stock & work in progress
4,970
Trade Debtors
396,227
343,527
226,904
104,486
94,322
12,672
Group Debtors
Misc Debtors
70,295
7,185
17,578
13,816
Cash
153,943
145,887
200,313
146,044
misc current assets
157
total current assets
625,435
496,599
427,217
268,108
108,138
12,829
total assets
683,717
558,945
491,658
274,626
110,762
15,178
Bank overdraft
Bank loan
Trade Creditors
27,020
6,566
1
57,217
52,085
6,434
Group/Directors Accounts
16,409
1,490
other short term finances
6,013
4,843
hp & lease commitments
4,884
other current liabilities
211,585
149,324
153,505
66,416
total current liabilities
261,027
160,733
159,880
123,633
52,085
6,434
loans
23,008
27,549
hp & lease commitments
32,351
Accruals and Deferred Income
895
1,032
other liabilities
provisions
11,091
11,500
12,000
total long term liabilities
34,099
39,049
44,351
895
1,032
total liabilities
295,126
199,782
204,231
123,633
52,980
7,466
net assets
388,591
359,163
287,427
150,993
57,782
7,712
total shareholders funds
388,591
359,163
287,427
150,993
57,782
7,712
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Operating Activities
Operating Profit
34,821
84,043
168,004
114,879
61,815
9,521
Depreciation
18,235
21,247
20,611
Amortisation
Tax
-9,809
-16,827
-32,003
-21,841
-11,745
-1,809
Stock
4,970
Debtors
115,810
123,808
104,840
13,926
95,466
12,672
Creditors
20,454
6,565
-57,216
5,132
45,651
6,434
Accruals and Deferred Income
62,261
-4,181
87,089
65,521
-137
1,032
Deferred Taxes & Provisions
-409
-500
12,000
Cash flow from operations
4,773
-33,461
93,645
149,765
118
2,506
Investing Activities
capital expenditure
-14,171
-19,152
-78,534
-3,894
-275
-2,349
Change in Investments
cash flow from investments
-14,171
-19,152
-78,534
-3,894
-275
-2,349
Financing Activities
Bank loans
Group/Directors Accounts
16,409
-1,490
1,490
Other Short Term Loans
1,170
4,843
Long term loans
-4,541
27,549
Hire Purchase and Lease Commitments
-37,235
37,235
other long term liabilities
share issue
100
interest
4,417
4,520
433
73
cash flow from financing
17,455
-1,813
39,158
173
cash and cash equivalents
cash
8,056
-54,426
54,269
146,044
overdraft
change in cash
8,056
-54,426
54,269
146,044
twenty one engineering ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for twenty one engineering ltd. Get real-time insights into twenty one engineering ltd's credit score, group structure and payment trends.
Perform a competitor analysis for twenty one engineering ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CM6 area or any other competitors across 12 key performance metrics.
twenty one engineering ltd Ownership
TWENTY ONE ENGINEERING LTD group structure
Twenty One Engineering Ltd has no subsidiary companies.
Ultimate parent company
TWENTY ONE ENGINEERING LTD
11122323
TWENTY ONE ENGINEERING LTD Shareholders
The sole shareholder of Twenty One Engineering Ltd is Bonanno Holdings Limited.
bonanno holdings limited
100%
twenty one engineering ltd directors
Twenty One Engineering Ltd currently has 2 directors.
The longest serving directors include
Mrs Angela Draper (Dec 2017) and
Mr Philip Draper (Dec 2017).
70229 - Management consultancy activities (other than financial management)
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
LAMBERT CHAPMAN LLP
auditor
-
address
exhibit house dunmow road, felsted, essex, CM6 3LD
Bank
HSBC BANK PLC
Legal Advisor
-
twenty one 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 found 1 charges/mortgages relating to twenty one engineering ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
twenty one 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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twenty one engineering ltdCompanies House Filings - See Documents
