Kane Engineering Limited

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kane engineering limited Company Information

Live

MatureMidHealthy

Company Number

NI008195

Next Accounts

28 days late

Industry

Manufacture of other electrical equipment

Directors

Damien Kane

Peter Mallon

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Shareholders

damien kane

peter mallon

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Group Structure

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Contact

Registered Address

glenford road glenford road, newtownards, co down, BT23 4AU

Website

www.kane-engineering.co.uk

kane engineering limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of KANE ENGINEERING LIMITED at £3.1m based on a Turnover of £5.3m and 0.59x industry multiple (adjusted for size and gross margin).

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Kane Engineering Limited is a live company located in co down, BT23 4AU with a Companies House number of NI008195. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in March 1971, it's largest shareholder is damien kane with a 50% stake. Kane Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Kane Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £5.3m, make it smaller than the average company (£12.7m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4%)

EXPORT

Kane Engineering Limited's latest turnover from March 2023 is estimated at £5.3 million and the company has net assets of £747.4 thousand. According to their latest financial statements, Kane Engineering Limited has 36 employees and maintains cash reserves of £154.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,279,857	5,171,585	3,493,116	3,718,813	3,923,233	3,560,565	4,725,213	3,067,289	2,622,153	1,994,134	1,399,575	1,471,368	1,055,269	713,312
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,450,261	3,364,586	2,326,640	2,479,349	2,644,615	2,353,463	3,039,228	1,984,599	1,742,488	1,362,751	943,418	977,205	687,623	456,716
Gross Profit	1,829,595	1,806,999	1,166,476	1,239,464	1,278,618	1,207,103	1,685,985	1,082,689	879,665	631,383	456,157	494,163	367,645	256,596
Admin Expenses	1,626,979	1,642,960	1,205,826	1,267,084	1,192,522	1,043,580	1,500,464	961,433	771,171	547,084	507,497	434,586	345,457	370,678
Operating Profit	202,616	164,039	-39,350	-27,620	86,096	163,523	185,521	121,256	108,494	84,299	-51,340	59,577	22,188	-114,082
Interest Payable	58,836	26,834	11,042	10,729	12,951	21,821	24,831	10,071	0	0	975	1,760	785	0
Interest Receivable	9,856	1,265	47	34	65	51	29	194	170	19	5	4	47	46
Pre-Tax Profit	153,636	138,470	-50,345	-38,314	73,210	141,753	160,720	111,379	108,665	84,318	-52,310	57,820	21,450	-114,036
Tax	-29,191	-26,309	0	0	-13,910	-26,933	-32,144	-22,276	-22,820	-19,393	0	-15,033	-6,006	0
Profit After Tax	124,445	112,161	-50,345	-38,314	59,300	114,820	128,576	89,103	85,845	64,925	-52,310	42,787	15,444	-114,036
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	124,445	112,161	-50,345	-38,314	59,300	114,820	128,576	89,103	85,845	64,925	-52,310	42,787	15,444	-114,036
Employee Costs	1,719,537	1,571,782	1,295,443	1,343,438	1,828,633	1,678,140	1,444,371	1,135,633	661,943	499,950	351,449	348,602	270,976	203,119
Number Of Employees	36	35	30	32	43	40	36	30	18	14	10	10	8	6
EBITDA*	227,330	207,888	-3,875	30,714	147,266	200,725	213,121	156,336	121,535	91,242	-45,780	61,997	24,972	-110,012

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	183,052	171,171	183,553	185,064	232,893	258,578	114,574	116,390	51,845	20,059	22,058	12,201	7,482	10,101
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	183,052	171,171	183,553	185,064	232,893	258,578	114,574	116,390	51,845	20,059	22,058	12,201	7,482	10,101
Stock & work in progress	1,149,657	819,411	553,225	564,582	563,325	391,878	366,797	256,612	216,105	124,959	55,483	66,272	73,369	36,017
Trade Debtors	1,158,868	1,099,964	666,588	658,544	620,516	642,874	1,312,630	710,927	568,925	438,552	325,030	354,536	245,636	153,716
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	110,994	289,248	185,426	35,930	34,343	83,194	69,169	9,442	0	0	0	0	2,572	6,460
Cash	154,822	309,007	28,379	64,773	3,649	13,619	6,864	16,640	61,062	7,020	693	1,266	296	18,530
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,574,341	2,517,630	1,433,618	1,323,829	1,221,833	1,131,565	1,755,460	993,621	846,092	570,531	381,206	422,074	321,873	214,723
total assets	2,757,393	2,688,801	1,617,171	1,508,893	1,454,726	1,390,143	1,870,034	1,110,011	897,937	590,590	403,264	434,275	329,355	224,824
Bank overdraft	560,227	587,799	207,289	154,741	197,015	186,706	484,700	309,885	0	0	0	29,991	24,169	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	899,259	942,570	453,228	582,705	413,618	457,198	531,174	289,025	653,159	468,162	340,437	287,177	230,635	165,486
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	219,919	154,611	148,712	152,699	159,846	104,732	405,232	181,624	0	0	0	0	0	0
total current liabilities	1,679,405	1,684,980	809,229	890,145	770,479	748,636	1,421,106	780,534	653,159	468,162	340,437	317,168	254,804	165,486
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	19,422	618	0	0	0	0
other liabilities	330,587	380,865	297,147	57,608	84,793	101,353	23,594	32,719	17,701	0	1,542	1,080	0	0
provisions	0	0	0	0	0	0	0	0	0	0	4,400	6,832	6,832	6,832
total long term liabilities	330,587	380,865	297,147	57,608	84,793	101,353	23,594	32,719	37,123	618	5,942	7,912	6,832	6,832
total liabilities	2,009,992	2,065,845	1,106,376	947,753	855,272	849,989	1,444,700	813,253	690,282	468,780	346,379	325,080	261,636	172,318
net assets	747,401	622,956	510,795	561,140	599,454	540,154	425,334	296,758	207,655	121,810	56,885	109,195	67,719	52,506
total shareholders funds	747,401	622,956	510,795	561,140	599,454	540,154	425,334	296,758	207,655	121,810	56,885	109,195	67,719	52,506

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	202,616	164,039	-39,350	-27,620	86,096	163,523	185,521	121,256	108,494	84,299	-51,340	59,577	22,188	-114,082
Depreciation	24,714	43,849	35,475	58,334	61,170	37,202	27,600	35,080	13,041	6,943	5,560	2,420	2,784	4,070
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-29,191	-26,309	0	0	-13,910	-26,933	-32,144	-22,276	-22,820	-19,393	0	-15,033	-6,006	0
Stock	330,246	266,186	-11,357	1,257	171,447	25,081	110,185	40,507	91,146	69,476	-10,789	-7,097	37,352	36,017
Debtors	-119,350	537,198	157,540	39,615	-71,209	-655,731	661,430	151,444	130,373	113,522	-29,506	106,328	88,032	160,176
Creditors	-43,311	489,342	-129,477	169,087	-43,580	-73,976	242,149	-364,134	184,997	127,725	53,260	56,542	65,149	165,486
Accruals and Deferred Income	65,308	5,899	-3,987	-7,147	55,114	-300,500	223,608	162,202	18,804	618	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-4,400	-2,432	0	0	6,832
Cash flow from operations	9,240	-126,564	-283,522	151,782	44,652	429,966	-124,881	-259,823	80,997	12,794	45,343	4,275	-41,269	-133,887
Investing Activities
capital expenditure	-36,595	-31,467	-33,964	-10,505	-35,485	-181,206	-25,784	-99,625	-44,827	-4,944	-15,417	-7,139	-165	-14,171
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-36,595	-31,467	-33,964	-10,505	-35,485	-181,206	-25,784	-99,625	-44,827	-4,944	-15,417	-7,139	-165	-14,171
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-50,278	83,718	239,539	-27,185	-16,560	77,759	-9,125	15,018	17,701	-1,542	462	1,080	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	-1,311	-231	166,542
interest	-48,980	-25,569	-10,995	-10,695	-12,886	-21,770	-24,802	-9,877	170	19	-970	-1,756	-738	46
cash flow from financing	-99,258	58,149	228,544	-37,880	-29,446	55,989	-33,927	5,141	17,871	-1,523	-508	-1,987	-969	166,588
cash and cash equivalents
cash	-154,185	280,628	-36,394	61,124	-9,970	6,755	-9,776	-44,422	54,042	6,327	-573	970	-18,234	18,530
overdraft	-27,572	380,510	52,548	-42,274	10,309	-297,994	174,815	309,885	0	0	-29,991	5,822	24,169	0
change in cash	-126,613	-99,882	-88,942	103,398	-20,279	304,749	-184,591	-354,307	54,042	6,327	29,418	-4,852	-42,403	18,530

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KANE ENGINEERING LIMITED group structure

Kane Engineering Limited has no subsidiary companies.

Ultimate parent company

KANE ENGINEERING LIMITED

NI008195

KANE ENGINEERING LIMITED Shareholders

damien kane	50%
peter mallon	22.5%
michelle mallon	22.5%
oonagh mallon	5%

Kane Engineering Limited currently has 3 directors. The longest serving directors include Mr Damien Kane (Jul 2000) and Mr Peter Mallon (Sep 2009).

officer	age	start	end	role
Mr Damien Kane	55 years	Jul 2000	-	Director
Mr Peter Mallon	64 years	Sep 2009	-	Director
Mrs Michelle Mallon	64 years	Feb 2012	-	Director

P&L

March 2023

turnover

5.3m

+2%

operating profit

202.6k

gross margin

34.7%

-0.83%

turnover

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

Balance Sheet

March 2023

net assets

747.4k

+0.2%

total assets

2.8m

+0.03%

cash

154.8k

-0.5%

net assets

Total assets minus all liabilities

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company number

NI008195

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

incorporation date

March 1971

ultimate parent company

None

previous names

N/A

address

glenford road glenford road, newtownards, co down, BT23 4AU

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 3 charges/mortgages relating to kane engineering limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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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kane engineering limited Company Information

kane engineering limited Estimated Valuation

kane engineering limited Estimated Valuation

kane engineering limited Estimated Valuation

Kane Engineering Limited Overview

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KANE ENGINEERING LIMITED financials

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