true engineers limited
true engineers limited Company Information
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
long woodcocks heavens lea, bourne end, SL8 5JL
true engineers limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE ENGINEERS LIMITED at £106.4k based on a Turnover of £825k and 0.13x industry multiple (adjusted for size and gross margin).
true engineers limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE ENGINEERS LIMITED at £0 based on an EBITDA of £-19.1k and a 2.12x industry multiple (adjusted for size and gross margin).
true engineers limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE ENGINEERS LIMITED at £8.7k based on Net Assets of £5.6k and 1.56x industry multiple (adjusted for liquidity).
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True Engineers Limited Overview
True Engineers Limited is a live company located in bourne end, SL8 5JL with a Companies House number of 12258048. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in October 2019, it's largest shareholder is derek scott with a 90% stake. True Engineers Limited is a young, small sized company, Pomanda has estimated its turnover at £825k with rapid growth in recent years.
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True Engineers Limited Health Check
Pomanda's financial health check has awarded True Engineers Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £825k, make it smaller than the average company (£8m)
- True Engineers Limited
£8m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (5.1%)
- True Engineers Limited
5.1% - Industry AVG
Production
with a gross margin of 13.7%, this company has a higher cost of product (25.1%)
- True Engineers Limited
25.1% - Industry AVG
Profitability
an operating margin of -2.3% make it less profitable than the average company (4.4%)
- True Engineers Limited
4.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (39)
2 - True Engineers Limited
39 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- True Engineers Limited
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £412.5k, this is more efficient (£172.2k)
- True Engineers Limited
£172.2k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (45 days)
- True Engineers Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (9 days)
- True Engineers Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- True Engineers Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - True Engineers Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.8%, this is a higher level of debt than the average (66.6%)
96.8% - True Engineers Limited
66.6% - Industry AVG
TRUE ENGINEERS LIMITED financials
True Engineers Limited's latest turnover from October 2023 is estimated at £825 thousand and the company has net assets of £5.6 thousand. According to their latest financial statements, True Engineers Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| 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 | 2 | 2 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Tangible Assets | 27,216 | 33,591 | 42,205 | |
| Intangible Assets | ||||
| Investments & Other | 1 | 1 | ||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 27,216 | 33,591 | 42,206 | 1 |
| Stock & work in progress | ||||
| Trade Debtors | 147,340 | 212,113 | 54,870 | 76,168 |
| Group Debtors | ||||
| Misc Debtors | 606 | 567 | 603 | |
| Cash | ||||
| misc current assets | ||||
| total current assets | 147,946 | 212,680 | 55,473 | 76,168 |
| total assets | 175,162 | 246,271 | 97,679 | 76,169 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 156,870 | 188,128 | 53,787 | 16,820 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 156,870 | 188,128 | 53,787 | 16,820 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | 488 | 488 | 488 | |
| other liabilities | 9,500 | 15,500 | 21,500 | 27,500 |
| provisions | 2,748 | 17,511 | ||
| total long term liabilities | 12,736 | 33,499 | 21,988 | 27,500 |
| total liabilities | 169,606 | 221,627 | 75,775 | 44,320 |
| net assets | 5,556 | 24,644 | 21,904 | 31,849 |
| total shareholders funds | 5,556 | 24,644 | 21,904 | 31,849 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -64,734 | 157,207 | -20,695 | 76,168 |
| Creditors | -31,258 | 134,341 | 36,967 | 16,820 |
| Accruals and Deferred Income | 488 | |||
| Deferred Taxes & Provisions | -14,763 | 17,511 | ||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -1 | 1 | ||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | -6,000 | -6,000 | -6,000 | 27,500 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | ||||
| overdraft | ||||
| change in cash |
true engineers limited Credit Report and Business Information
True Engineers Limited Competitor Analysis
Perform a competitor analysis for true engineers limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in SL8 area or any other competitors across 12 key performance metrics.
true engineers limited Ownership
TRUE ENGINEERS LIMITED group structure
True Engineers Limited has no subsidiary companies.
Ultimate parent company
TRUE ENGINEERS LIMITED
12258048
true engineers limited directors
True Engineers Limited currently has 1 director, Mr Derek Scott serving since Oct 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Derek Scott | England | 50 years | Oct 2019 | - | Director |
P&L
October 2023turnover
825k
-15%
operating profit
-19.1k
0%
gross margin
13.7%
-0.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
5.6k
-0.77%
total assets
175.2k
-0.29%
cash
0
0%
net assets
Total assets minus all liabilities
true engineers limited company details
company number
12258048
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
long woodcocks heavens lea, bourne end, SL8 5JL
Bank
-
Legal Advisor
-
true engineers 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 true engineers limited.
true engineers 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.
Click to start generating capital raising & share issue transactions for TRUE ENGINEERS LIMITED. This can take several minutes, an email will notify you when this has completed.
true engineers limited Companies House Filings - See Documents
| date | description | view/download |
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