Pomanda estimates the enterprise value of FINER ENGINEERING LIMITED at £1.5m based on a Turnover of £5.2m and 0.29x industry multiple (adjusted for size and gross margin).
finer engineering limitedEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of FINER ENGINEERING LIMITED at £1.5m based on an EBITDA of £440.6k and a 3.38x industry multiple (adjusted for size and gross margin).
finer engineering limitedEstimated Valuation
£2.9m
Pomanda estimates the enterprise value of FINER ENGINEERING LIMITED at £2.9m based on Net Assets of £1.5m and 1.94x industry multiple (adjusted for liquidity).
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Finer Engineering LimitedOverview
Finer Engineering Limited is a live company located in brighton, BN1 2NW with a Companies House number of 11801726. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in February 2019, it's largest shareholder is
finer group holdings limited
with a 100% stake. Finer Engineering Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£5.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Finer Engineering Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£14.2m)
£5.2m - Finer Engineering Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (10%)
41% - Finer Engineering Limited
10% - Industry AVG
Production
with a gross margin of 18.9%, this company has a comparable cost of product (18.9%)
18.9% - Finer Engineering Limited
18.9% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (5.9%)
3.6% - Finer Engineering Limited
5.9% - Industry AVG
Employees
with 14 employees, this is below the industry average (52)
14 - Finer Engineering Limited
52 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
£51.9k - Finer Engineering Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £373.7k, this is more efficient (£254.6k)
£373.7k - Finer Engineering Limited
£254.6k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (53 days)
95 days - Finer Engineering Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (36 days)
31 days - Finer Engineering Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (6 days)
2 days - Finer Engineering Limited
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 25 weeks, this is more cash available to meet short term requirements (19 weeks)
25 weeks - Finer Engineering Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.3%, this is a similar level of debt than the average (59.4%)
55.3% - Finer Engineering Limited
59.4% - Industry AVG
FINER ENGINEERING LIMITED financials
EXPORT
Finer Engineering Limited's latest turnover from March 2024 is estimated at £5.2 million and the company has net assets of £1.5 million. According to their latest financial statements, Finer Engineering Limited has 14 employees and maintains cash reserves of £643.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Turnover
5,231,190
2,252,707
2,841,893
1,850,203
516,937
Other Income Or Grants
Cost Of Sales
4,241,572
1,869,370
2,372,064
1,546,643
424,994
Gross Profit
989,618
383,337
469,829
303,560
91,943
Admin Expenses
799,446
288,197
-81,085
-577,588
17,790
Operating Profit
190,172
95,140
550,914
881,148
74,153
Interest Payable
27,314
3,844
3,122
1,525
Interest Receivable
50,286
43,070
3,981
154
Pre-Tax Profit
213,144
134,367
551,773
879,777
74,153
Tax
-53,286
-25,530
-104,837
-167,158
-14,089
Profit After Tax
159,858
108,837
446,936
712,619
60,064
Dividends Paid
Retained Profit
159,858
108,837
446,936
712,619
60,064
Employee Costs
726,097
633,374
323,835
90,626
44,678
Number Of Employees
14
13
7
2
1
EBITDA*
440,626
313,540
749,772
881,148
74,153
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
498,880
613,178
449,746
247,201
27,266
Intangible Assets
Investments & Other
100
100
Debtors (Due After 1 year)
Total Fixed Assets
498,980
613,278
449,746
247,201
27,266
Stock & work in progress
25,000
35,000
75,000
65,000
Trade Debtors
1,367,827
308,143
814,199
620,458
87,125
Group Debtors
94,498
Misc Debtors
698,791
683,795
143,937
53,686
48,912
Cash
643,301
1,272,356
754,478
307,022
misc current assets
total current assets
2,829,417
2,299,294
1,787,614
1,046,166
136,037
total assets
3,328,397
2,912,572
2,237,360
1,293,367
163,303
Bank overdraft
102,526
10,000
10,000
7,500
Bank loan
Trade Creditors
365,537
288,363
199,910
86,613
98,058
Group/Directors Accounts
other short term finances
hp & lease commitments
56,145
other current liabilities
832,436
988,885
504,878
337,003
total current liabilities
1,300,499
1,287,248
770,933
431,116
98,058
loans
350,548
22,500
32,500
42,500
hp & lease commitments
70,620
124,075
129,970
Accruals and Deferred Income
other liabilities
provisions
118,316
150,193
84,238
46,968
5,181
total long term liabilities
539,484
296,768
246,708
89,468
5,181
total liabilities
1,839,983
1,584,016
1,017,641
520,584
103,239
net assets
1,488,414
1,328,556
1,219,719
772,783
60,064
total shareholders funds
1,488,414
1,328,556
1,219,719
772,783
60,064
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
190,172
95,140
550,914
881,148
74,153
Depreciation
250,454
218,400
198,858
Amortisation
Tax
-53,286
-25,530
-104,837
-167,158
-14,089
Stock
-10,000
-40,000
10,000
65,000
Debtors
1,169,178
33,802
283,992
538,107
136,037
Creditors
77,174
88,453
113,297
-11,445
98,058
Accruals and Deferred Income
-156,449
484,007
167,875
337,003
Deferred Taxes & Provisions
-31,877
65,955
37,270
41,787
5,181
Cash flow from operations
-882,990
932,623
669,385
478,228
27,266
Investing Activities
capital expenditure
-136,156
-381,832
-401,403
-219,935
-27,266
Change in Investments
100
cash flow from investments
-136,156
-381,932
-401,403
-219,935
-27,266
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
328,048
-10,000
-10,000
42,500
Hire Purchase and Lease Commitments
-53,455
-62,040
186,115
other long term liabilities
share issue
100
interest
22,972
39,226
859
-1,371
cash flow from financing
297,565
-32,814
176,974
41,229
cash and cash equivalents
cash
-629,055
517,878
447,456
307,022
overdraft
92,526
2,500
7,500
change in cash
-721,581
517,878
444,956
299,522
finer engineering limited 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 finer engineering limited. Get real-time insights into finer engineering limited's credit score, group structure and payment trends.
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finer engineering limited Ownership
FINER ENGINEERING LIMITED group structure
Finer Engineering Limited has 1 subsidiary company.
The sole shareholder of Finer Engineering Limited is Finer Group Holdings Limited.
finer group holdings limited
100%
finer engineering limited directors
Finer Engineering Limited currently has 2 directors.
The longest serving directors include
Mr Kenneth D'Arcy (Feb 2019) and
Mr Kevin Whiley (Apr 2024).
suite 3 regency house, 91 western road, brighton, BN1 2NW
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
finer engineering 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 finer engineering limited. Currently there are 1 open charges and 0 have been satisfied in the past.
finer engineering 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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finer engineering limitedCompanies House Filings - See Documents
