Pomanda estimates the enterprise value of ADVANCED COMPOSITES ENGINEERING LIMITED at £1.6m based on a Turnover of £3.5m and 0.47x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ADVANCED COMPOSITES ENGINEERING LIMITED at £2.3m based on an EBITDA of £741.5k and a 3.15x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ADVANCED COMPOSITES ENGINEERING LIMITED at £3m based on Net Assets of £1.4m and 2.11x industry multiple (adjusted for liquidity).
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Advanced Composites Engineering LimitedOverview
Advanced Composites Engineering Limited is a live company located in cramlington, NE23 1WD with a Companies House number of 12973819. It operates in the manufacture of plastic plates, sheets, tubes and profiles sector, SIC Code 22210. Founded in October 2020, it's largest shareholder is
spacevac international ab
with a 52% stake. Advanced Composites Engineering Limited is a young,
small sized company, Pomanda has estimated its turnover at
£3.5m with
rapid
growth in recent years.
Advanced Composites Engineering Limited Health Check
Pomanda's financial health check has awarded Advanced Composites Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£29.5m)
£3.5m - Advanced Composites Engineering Limited
£29.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (8.5%)
44% - Advanced Composites Engineering Limited
8.5% - Industry AVG
Production
with a gross margin of 19.2%, this company has a higher cost of product (27.8%)
19.2% - Advanced Composites Engineering Limited
27.8% - Industry AVG
Profitability
an operating margin of 18% make it more profitable than the average company (7.8%)
18% - Advanced Composites Engineering Limited
7.8% - Industry AVG
Employees
with 24 employees, this is below the industry average (111)
24 - Advanced Composites Engineering Limited
111 - Industry AVG
Pay Structure
on an average salary of £51k, the company has an equivalent pay structure (£51k)
£51k - Advanced Composites Engineering Limited
£51k - Industry AVG
Efficiency
resulting in sales per employee of £145.5k, this is less efficient (£217.4k)
£145.5k - Advanced Composites Engineering Limited
£217.4k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (49 days)
87 days - Advanced Composites Engineering Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (50 days)
106 days - Advanced Composites Engineering Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 83 days, this is more than average (69 days)
83 days - Advanced Composites Engineering Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (11 weeks)
3 weeks - Advanced Composites Engineering Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43%, this is a similar level of debt than the average (44.7%)
Advanced Composites Engineering Limited's latest turnover from August 2024 is estimated at £3.5 million and the company has net assets of £1.4 million. According to their latest financial statements, Advanced Composites Engineering Limited has 24 employees and maintains cash reserves of £59.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2024
Aug 2023
Aug 2022
Aug 2021
Turnover
3,491,200
2,455,195
1,779,232
1,164,170
Other Income Or Grants
Cost Of Sales
2,821,828
1,946,017
1,455,207
960,633
Gross Profit
669,372
509,178
324,024
203,537
Admin Expenses
41,042
29,595
300,750
165,172
Operating Profit
628,330
479,583
23,274
38,365
Interest Payable
Interest Receivable
4,719
4,273
471
10
Pre-Tax Profit
633,049
483,856
23,744
38,375
Tax
-158,262
-120,964
-4,511
-7,291
Profit After Tax
474,787
362,892
19,233
31,084
Dividends Paid
Retained Profit
474,787
362,892
19,233
31,084
Employee Costs
1,224,849
857,266
726,474
488,628
Number Of Employees
24
18
16
11
EBITDA*
741,464
586,467
91,298
60,061
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2024
Aug 2023
Aug 2022
Aug 2021
Tangible Assets
983,036
989,174
839,612
771,872
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
983,036
989,174
839,612
771,872
Stock & work in progress
647,154
480,586
249,000
132,000
Trade Debtors
841,043
602,074
435,296
277,414
Group Debtors
Misc Debtors
Cash
59,423
129,354
33,428
20,353
misc current assets
total current assets
1,547,620
1,212,014
717,724
429,767
total assets
2,530,656
2,201,188
1,557,336
1,201,639
Bank overdraft
Bank loan
Trade Creditors
820,477
818,609
643,217
335,263
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
820,477
818,609
643,217
335,263
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
268,683
383,370
245,302
185,192
provisions
total long term liabilities
268,683
383,370
245,302
185,192
total liabilities
1,089,160
1,201,979
888,519
520,455
net assets
1,441,496
999,209
668,817
681,184
total shareholders funds
1,441,496
999,209
668,817
681,184
Aug 2024
Aug 2023
Aug 2022
Aug 2021
Operating Activities
Operating Profit
628,330
479,583
23,274
38,365
Depreciation
113,134
106,884
68,024
21,696
Amortisation
Tax
-158,262
-120,964
-4,511
-7,291
Stock
166,568
231,586
117,000
132,000
Debtors
238,969
166,778
157,882
277,414
Creditors
1,868
175,392
307,954
335,263
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
179,533
242,531
119,859
-21,381
Investing Activities
capital expenditure
-106,996
-256,446
-135,764
-793,568
Change in Investments
cash flow from investments
-106,996
-256,446
-135,764
-793,568
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-114,687
138,068
60,110
185,192
share issue
-32,500
-32,500
-31,600
650,100
interest
4,719
4,273
471
10
cash flow from financing
-142,468
109,841
28,981
835,302
cash and cash equivalents
cash
-69,931
95,926
13,075
20,353
overdraft
change in cash
-69,931
95,926
13,075
20,353
advanced composites 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 advanced composites engineering limited. Get real-time insights into advanced composites engineering limited's credit score, group structure and payment trends.
Perform a competitor analysis for advanced composites engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NE23 area or any other competitors across 12 key performance metrics.
advanced composites engineering limited Ownership
ADVANCED COMPOSITES ENGINEERING LIMITED group structure
Advanced Composites Engineering Limited has no subsidiary companies.
The largest shareholders in Advanced Composites Engineering Limited include Spacevac International Ab and Christopher Bond.
spacevac international ab
52%
christopher bond
24%
anthony wilson
12%
donald robinson
12%
advanced composites engineering limited directors
Advanced Composites Engineering Limited currently has 3 directors.
The longest serving directors include
Mr Tommie Nisula (Oct 2020) and
Mr Anthony Wilson (Mar 2021).
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 advanced composites engineering limited. Currently there are 1 open charges and 0 have been satisfied in the past.
advanced composites 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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advanced composites engineering limitedCompanies House Filings - See Documents
