wyg engineering (northern ireland) limited

3

wyg engineering (northern ireland) limited Company Information

Share WYG ENGINEERING (NORTHERN IRELAND) LIMITED
Live (In Receivership)
MatureMidHigh

Company Number

NI020346

Registered 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

£3.5m

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

£0

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

£0

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).

Valuation Calculator
This valuation is estimated based on financial data from September 2020 

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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

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

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

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

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

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

Employees

with 63 employees, this is above the industry average (22)

63 - Wyg Engineering (northern Ireland) Limited

22 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Wyg Engineering (northern Ireland) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Wyg Engineering (northern Ireland) Limited

- - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Wyg Engineering (northern Ireland) Limited Competitor Analysis

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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 Shareholders

tetra tech consulting (ni) limited 100%

wyg engineering (northern ireland) limited directors

Wyg Engineering (Northern Ireland) Limited currently has 1 director, Mr Andrew Gillespie serving since Aug 2011.

officercountryagestartendrole
Mr Andrew GillespieUnited Kingdom54 years Aug 2011- Director

WYG ENGINEERING (NORTHERN IRELAND) LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Jun 2010
Turnover7,797,0004,696,0004,657,0004,561,0004,541,0004,451,0004,325,0004,998,0003,035,0002,852,0005,682,000
Other Income Or Grants00000000000
Cost Of Sales5,452,6793,088,2042,978,8542,846,3342,839,6802,790,9042,762,7273,203,6541,856,5711,712,9273,403,479
Gross Profit2,344,3211,607,7961,678,1461,714,6661,701,3201,660,0961,562,2731,794,3461,178,4291,139,0732,278,521
Admin Expenses6,632,3211,017,7961,318,1461,045,6661,031,320995,096999,2731,308,3462,472,4293,495,0733,556,521
Operating Profit-4,288,000590,000360,000669,000670,000665,000563,000486,000-1,294,000-2,356,000-1,278,000
Interest Payable000000000677,000595,000
Interest Receivable00000000000
Pre-Tax Profit-4,288,000590,000360,000669,000670,000665,000563,000486,000-1,294,000-3,033,000-1,873,000
Tax-11,000-22,000-5,00075,00000000033,000
Profit After Tax-4,299,000568,000355,000744,000670,000665,000563,000486,000-1,294,000-3,033,000-1,840,000
Dividends Paid00000000000
Retained Profit-4,299,000568,000355,000744,000670,000665,000563,000486,000-1,294,000-3,033,000-1,840,000
Employee Costs4,543,0002,805,0002,507,0002,270,0002,143,0001,995,0001,923,0001,934,0001,963,0001,619,0003,278,000
Number Of Employees63635758545150575859100
EBITDA*-4,288,000590,000360,000669,000670,000665,000563,000486,000-1,207,000-333,000-1,222,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Jun 2010
Tangible Assets00000000047,00056,000
Intangible Assets00000000002,031,000
Investments & Other00000000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets00000000047,0002,087,000
Stock & work in progress027,000759,000133,000180,00055,000436,000458,000311,0001,240,0001,275,000
Trade Debtors1,753,000629,000767,000742,000657,000969,000566,000882,000805,000971,000759,000
Group Debtors2,908,0004,751,0003,813,0002,754,0001,918,0001,250,000538,0000044,00044,000
Misc Debtors5,817,00031,000000008,00010,0003,00063,000
Cash133,00016,000020,0008,00023,00030,000228,00050,000122,000170,000
misc current assets064,00070,00075,0000000000
total current assets10,611,0005,518,0005,409,0003,724,0002,763,0002,297,0001,570,0001,576,0001,176,0002,380,0002,311,000
total assets10,611,0005,518,0005,409,0003,724,0002,763,0002,297,0001,570,0001,576,0001,176,0002,427,0004,398,000
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 007,0003,00005,00088,00034,000201,00064,00092,000
Group/Directors Accounts00000000000
other short term finances048,00043,00000000000
hp & lease commitments00000000000
other current liabilities981,000915,000791,000321,000397,000772,000708,0001,093,000720,000528,000587,000
total current liabilities981,000963,000841,000324,000397,000777,000796,0001,127,000921,000592,000679,000
loans00000000004,945,000
hp & lease commitments00000000000
Accruals and Deferred Income03,00019,00000000000
other liabilities01,025,0001,470,0001,061,000786,000150,000414,000617,0006,009,0006,638,0000
provisions10,732,000666,000938,000130,000100,0001,020,000330,000400,000776,00090,0001,178,000
total long term liabilities10,732,0001,358,0001,939,0001,126,000836,000660,000579,000817,0006,397,0006,683,0005,534,000
total liabilities11,713,0002,321,0002,780,0001,450,0001,233,0001,437,0001,375,0001,944,0007,318,0007,275,0006,213,000
net assets-1,102,0003,197,0002,629,0002,274,0001,530,000860,000195,000-368,000-6,142,000-4,848,000-1,815,000
total shareholders funds-1,102,0003,197,0002,629,0002,274,0001,530,000860,000195,000-368,000-6,142,000-4,848,000-1,815,000
Sep 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Jun 2010
Operating Activities
Operating Profit-4,288,000590,000360,000669,000670,000665,000563,000486,000-1,294,000-2,356,000-1,278,000
Depreciation000000002,00012,00026,000
Amortisation0000000085,0002,011,00030,000
Tax-11,000-22,000-5,00075,00000000033,000
Stock-27,000-732,000626,000-47,000125,000-381,000-22,000147,000-929,000-35,0001,275,000
Debtors5,067,000831,0001,084,000921,000356,0001,115,000214,00075,000-203,000152,000866,000
Creditors0-7,0004,0003,000-5,000-83,00054,000-167,000137,000-28,00092,000
Accruals and Deferred Income63,000108,000489,000-76,000-375,00064,000-385,000373,000192,000-59,000587,000
Deferred Taxes & Provisions10,066,000-272,000808,00030,000-920,000690,000-70,000-376,000686,000-1,088,0001,178,000
Cash flow from operations790,000298,000-54,000-173,000-1,111,000602,000-30,00094,000940,000-1,625,000-1,473,000
Investing Activities
capital expenditure00000000-40,00017,000-2,143,000
Change in Investments00000000000
cash flow from investments00000000-40,00017,000-2,143,000
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans -48,0005,00043,00000000000
Long term loans000000000-4,945,0004,945,000
Hire Purchase and Lease Commitments00000000000
other long term liabilities-1,025,000-445,000409,000275,000636,000-264,000-203,000-5,392,000-629,0006,638,0000
share issue00000005,288,0000025,000
interest000000000-677,000-595,000
cash flow from financing-1,073,000-440,000452,000275,000636,000-264,000-203,000-104,000-629,0001,016,0004,375,000
cash and cash equivalents
cash117,00016,000-20,00012,000-15,000-7,000-198,000178,000-72,000-48,000170,000
overdraft00000000000
change in cash117,00016,000-20,00012,000-15,000-7,000-198,000178,000-72,000-48,000170,000

P&L

September 2020

turnover

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 2020

net 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

TETRA TECH INC

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.

charges

wyg engineering (northern ireland) limited Companies House Filings - See Documents

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