wyg engineering (northern ireland) limited Company Information
Company Number
NI020346
Website
www.wyg.comRegistered Address
c/o a&l goodbody northern irelan, 42-46 fountain street, belfast, BT1 5EB
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
01132787111
Next Accounts Due
641 days late
Group Structure
View All
Directors
Andrew Gillespie12 Years
Shareholders
tetra tech consulting (ni) limited 100%
wyg engineering (northern ireland) limited Estimated Valuation
Pomanda estimates the enterprise value of WYG ENGINEERING (NORTHERN IRELAND) LIMITED at £3.5m based on a Turnover of £7.8m and 0.45x industry multiple (adjusted for size and gross margin).
wyg engineering (northern ireland) limited Estimated Valuation
Pomanda estimates the enterprise value of WYG ENGINEERING (NORTHERN IRELAND) LIMITED at £0 based on an EBITDA of £-4.3m and a 5.13x industry multiple (adjusted for size and gross margin).
wyg engineering (northern ireland) limited Estimated Valuation
Pomanda estimates the enterprise value of WYG ENGINEERING (NORTHERN IRELAND) LIMITED at £0 based on Net Assets of £-1.1m and 3x industry multiple (adjusted for liquidity).
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Wyg Engineering (northern Ireland) Limited Overview
Wyg Engineering (northern Ireland) Limited is a live company located in belfast, BT1 5EB with a Companies House number of NI020346. It operates in the other engineering activities sector, SIC Code 71129. Founded in March 1987, it's largest shareholder is tetra tech consulting (ni) limited with a 100% stake. Wyg Engineering (northern Ireland) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.8m with high growth in recent years.
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Wyg Engineering (northern Ireland) Limited Health Check
Pomanda's financial health check has awarded Wyg Engineering (Northern Ireland) Limited a 3 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
4 Strong
1 Regular
5 Weak
Size
annual sales of £7.8m, make it larger than the average company (£2.1m)
£7.8m - Wyg Engineering (northern Ireland) Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.7%)
20% - Wyg Engineering (northern Ireland) Limited
3.7% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (30.1%)
30.1% - Wyg Engineering (northern Ireland) Limited
30.1% - Industry AVG
Profitability
an operating margin of -55% make it less profitable than the average company (5.2%)
-55% - Wyg Engineering (northern Ireland) Limited
5.2% - Industry AVG
Employees
with 63 employees, this is above the industry average (22)
63 - Wyg Engineering (northern Ireland) Limited
22 - Industry AVG
Pay Structure
on an average salary of £72.1k, the company has a higher pay structure (£44.1k)
£72.1k - Wyg Engineering (northern Ireland) Limited
£44.1k - Industry AVG
Efficiency
resulting in sales per employee of £123.8k, this is more efficient (£107.5k)
£123.8k - Wyg Engineering (northern Ireland) Limited
£107.5k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (62 days)
82 days - Wyg Engineering (northern Ireland) Limited
62 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Wyg Engineering (northern Ireland) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Wyg Engineering (northern Ireland) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (18 weeks)
7 weeks - Wyg Engineering (northern Ireland) Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.4%, this is a higher level of debt than the average (59.7%)
110.4% - Wyg Engineering (northern Ireland) Limited
59.7% - Industry AVG
wyg engineering (northern ireland) limited Credit Report and Business Information
Wyg Engineering (northern Ireland) Limited Competitor Analysis
Perform a competitor analysis for wyg engineering (northern ireland) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
wyg engineering (northern ireland) limited Ownership
WYG ENGINEERING (NORTHERN IRELAND) LIMITED group structure
Wyg Engineering (Northern Ireland) Limited has no subsidiary companies.
Ultimate parent company
TETRA TECH INC
#0079711
2 parents
WYG ENGINEERING (NORTHERN IRELAND) LIMITED
NI020346
wyg engineering (northern ireland) limited directors
Wyg Engineering (Northern Ireland) Limited currently has 1 director, Mr Andrew Gillespie serving since Aug 2011.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Gillespie | United Kingdom | 54 years | Aug 2011 | - | Director |
WYG ENGINEERING (NORTHERN IRELAND) LIMITED financials
Wyg Engineering (Northern Ireland) Limited's latest turnover from September 2020 is £7.8 million and the company has net assets of -£1.1 million. According to their latest financial statements, Wyg Engineering (Northern Ireland) Limited has 63 employees and maintains cash reserves of £133 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 7,797,000 | 4,696,000 | 4,657,000 | 4,561,000 | 4,541,000 | 4,451,000 | 4,325,000 | 4,998,000 | 3,035,000 | 2,852,000 | 5,682,000 |
Other Income Or Grants | |||||||||||
Cost Of Sales | |||||||||||
Gross Profit | |||||||||||
Admin Expenses | |||||||||||
Operating Profit | -4,288,000 | 590,000 | 360,000 | 669,000 | 670,000 | 665,000 | 563,000 | 486,000 | -1,294,000 | -2,356,000 | -1,278,000 |
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 677,000 | 595,000 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | -4,288,000 | 590,000 | 360,000 | 669,000 | 670,000 | 665,000 | 563,000 | 486,000 | -1,294,000 | -3,033,000 | -1,873,000 |
Tax | -11,000 | -22,000 | -5,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 33,000 |
Profit After Tax | -4,299,000 | 568,000 | 355,000 | 744,000 | 670,000 | 665,000 | 563,000 | 486,000 | -1,294,000 | -3,033,000 | -1,840,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -4,299,000 | 568,000 | 355,000 | 744,000 | 670,000 | 665,000 | 563,000 | 486,000 | -1,294,000 | -3,033,000 | -1,840,000 |
Employee Costs | 4,543,000 | 2,805,000 | 2,507,000 | 2,270,000 | 2,143,000 | 1,995,000 | 1,923,000 | 1,934,000 | 1,963,000 | 1,619,000 | 3,278,000 |
Number Of Employees | 63 | 63 | 57 | 58 | 54 | 51 | 50 | 57 | 58 | 59 | 100 |
EBITDA* | -4,288,000 | 590,000 | 360,000 | 669,000 | 670,000 | 665,000 | 563,000 | 486,000 | -1,207,000 | -333,000 | -1,222,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,000 | 56,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,031,000 |
Investments & Other | 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 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,000 | 2,087,000 |
Stock & work in progress | 0 | 27,000 | 759,000 | 133,000 | 180,000 | 55,000 | 436,000 | 458,000 | 311,000 | 1,240,000 | 1,275,000 |
Trade Debtors | 1,753,000 | 629,000 | 767,000 | 742,000 | 657,000 | 969,000 | 566,000 | 882,000 | 805,000 | 971,000 | 759,000 |
Group Debtors | 2,908,000 | 4,751,000 | 3,813,000 | 2,754,000 | 1,918,000 | 1,250,000 | 538,000 | 0 | 0 | 44,000 | 44,000 |
Misc Debtors | 5,817,000 | 31,000 | 0 | 0 | 0 | 0 | 0 | 8,000 | 10,000 | 3,000 | 63,000 |
Cash | 133,000 | 16,000 | 0 | 20,000 | 8,000 | 23,000 | 30,000 | 228,000 | 50,000 | 122,000 | 170,000 |
misc current assets | 0 | 64,000 | 70,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 10,611,000 | 5,518,000 | 5,409,000 | 3,724,000 | 2,763,000 | 2,297,000 | 1,570,000 | 1,576,000 | 1,176,000 | 2,380,000 | 2,311,000 |
total assets | 10,611,000 | 5,518,000 | 5,409,000 | 3,724,000 | 2,763,000 | 2,297,000 | 1,570,000 | 1,576,000 | 1,176,000 | 2,427,000 | 4,398,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 7,000 | 3,000 | 0 | 5,000 | 88,000 | 34,000 | 201,000 | 64,000 | 92,000 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 48,000 | 43,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 981,000 | 915,000 | 791,000 | 321,000 | 397,000 | 772,000 | 708,000 | 1,093,000 | 720,000 | 528,000 | 587,000 |
total current liabilities | 981,000 | 963,000 | 841,000 | 324,000 | 397,000 | 777,000 | 796,000 | 1,127,000 | 921,000 | 592,000 | 679,000 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,945,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 3,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 1,025,000 | 1,470,000 | 1,061,000 | 786,000 | 150,000 | 414,000 | 617,000 | 6,009,000 | 6,638,000 | 0 |
provisions | 10,732,000 | 666,000 | 938,000 | 130,000 | 100,000 | 1,020,000 | 330,000 | 400,000 | 776,000 | 90,000 | 1,178,000 |
total long term liabilities | 10,732,000 | 1,358,000 | 1,939,000 | 1,126,000 | 836,000 | 660,000 | 579,000 | 817,000 | 6,397,000 | 6,683,000 | 5,534,000 |
total liabilities | 11,713,000 | 2,321,000 | 2,780,000 | 1,450,000 | 1,233,000 | 1,437,000 | 1,375,000 | 1,944,000 | 7,318,000 | 7,275,000 | 6,213,000 |
net assets | -1,102,000 | 3,197,000 | 2,629,000 | 2,274,000 | 1,530,000 | 860,000 | 195,000 | -368,000 | -6,142,000 | -4,848,000 | -1,815,000 |
total shareholders funds | -1,102,000 | 3,197,000 | 2,629,000 | 2,274,000 | 1,530,000 | 860,000 | 195,000 | -368,000 | -6,142,000 | -4,848,000 | -1,815,000 |
Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Operating Profit | -4,288,000 | 590,000 | 360,000 | 669,000 | 670,000 | 665,000 | 563,000 | 486,000 | -1,294,000 | -2,356,000 | -1,278,000 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 12,000 | 26,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85,000 | 2,011,000 | 30,000 |
Tax | -11,000 | -22,000 | -5,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 33,000 |
Stock | -27,000 | -732,000 | 626,000 | -47,000 | 125,000 | -381,000 | -22,000 | 147,000 | -929,000 | -35,000 | 1,275,000 |
Debtors | 5,067,000 | 831,000 | 1,084,000 | 921,000 | 356,000 | 1,115,000 | 214,000 | 75,000 | -203,000 | 152,000 | 866,000 |
Creditors | 0 | -7,000 | 4,000 | 3,000 | -5,000 | -83,000 | 54,000 | -167,000 | 137,000 | -28,000 | 92,000 |
Accruals and Deferred Income | 63,000 | 108,000 | 489,000 | -76,000 | -375,000 | 64,000 | -385,000 | 373,000 | 192,000 | -59,000 | 587,000 |
Deferred Taxes & Provisions | 10,066,000 | -272,000 | 808,000 | 30,000 | -920,000 | 690,000 | -70,000 | -376,000 | 686,000 | -1,088,000 | 1,178,000 |
Cash flow from operations | 790,000 | 298,000 | -54,000 | -173,000 | -1,111,000 | 602,000 | -30,000 | 94,000 | 940,000 | -1,625,000 | -1,473,000 |
Investing Activities | |||||||||||
capital expenditure | |||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||
Financing Activities | |||||||||||
Bank loans | 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 |
Other Short Term Loans | -48,000 | 5,000 | 43,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,945,000 | 4,945,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -1,025,000 | -445,000 | 409,000 | 275,000 | 636,000 | -264,000 | -203,000 | -5,392,000 | -629,000 | 6,638,000 | 0 |
share issue | |||||||||||
interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -677,000 | -595,000 |
cash flow from financing | -1,073,000 | -440,000 | 452,000 | 275,000 | 636,000 | -264,000 | -203,000 | -104,000 | -629,000 | 1,016,000 | 4,375,000 |
cash and cash equivalents | |||||||||||
cash | 117,000 | 16,000 | -20,000 | 12,000 | -15,000 | -7,000 | -198,000 | 178,000 | -72,000 | -48,000 | 170,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 117,000 | 16,000 | -20,000 | 12,000 | -15,000 | -7,000 | -198,000 | 178,000 | -72,000 | -48,000 | 170,000 |
P&L
September 2020turnover
7.8m
+66%
operating profit
-4.3m
-827%
gross margin
30.1%
-12.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
-1.1m
-1.34%
total assets
10.6m
+0.92%
cash
133k
+7.31%
net assets
Total assets minus all liabilities
wyg engineering (northern ireland) limited company details
company number
NI020346
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
March 1987
age
37
accounts
Full Accounts
ultimate parent company
previous names
philip downie and associates limited (November 2004)
philip downie and associates (November 1994)
incorporated
UK
address
c/o a&l goodbody northern irelan, 42-46 fountain street, belfast, BT1 5EB
last accounts submitted
September 2020
wyg engineering (northern ireland) 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 wyg engineering (northern ireland) limited.
wyg engineering (northern ireland) limited Companies House Filings - See Documents
date | description | view/download |
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