c-tec commercial vehicle engineering limited
c-tec commercial vehicle engineering limited Company Information
Company Number
NI042897
Website
www.c-teceng.comRegistered Address
16 mount charles, belfast, BT7 1NZ
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
02879300988
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
michael connery 33.3%
peter aloysius connery 33.3%
View Allc-tec commercial vehicle engineering limited Estimated Valuation
Pomanda estimates the enterprise value of C-TEC COMMERCIAL VEHICLE ENGINEERING LIMITED at £979.7k based on a Turnover of £3m and 0.32x industry multiple (adjusted for size and gross margin).
c-tec commercial vehicle engineering limited Estimated Valuation
Pomanda estimates the enterprise value of C-TEC COMMERCIAL VEHICLE ENGINEERING LIMITED at £1.4m based on an EBITDA of £354.9k and a 3.95x industry multiple (adjusted for size and gross margin).
c-tec commercial vehicle engineering limited Estimated Valuation
Pomanda estimates the enterprise value of C-TEC COMMERCIAL VEHICLE ENGINEERING LIMITED at £3.2m based on Net Assets of £1.6m and 1.94x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
C-tec Commercial Vehicle Engineering Limited Overview
C-tec Commercial Vehicle Engineering Limited is a live company located in belfast, BT7 1NZ with a Companies House number of NI042897. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in April 2002, it's largest shareholder is michael connery with a 33.3% stake. C-tec Commercial Vehicle Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.
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C-tec Commercial Vehicle Engineering Limited Health Check
Pomanda's financial health check has awarded C-Tec Commercial Vehicle Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £3m, make it smaller than the average company (£5.5m)
- C-tec Commercial Vehicle Engineering Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.7%)
- C-tec Commercial Vehicle Engineering Limited
6.7% - Industry AVG
Production
with a gross margin of 24%, this company has a comparable cost of product (24%)
- C-tec Commercial Vehicle Engineering Limited
24% - Industry AVG
Profitability
an operating margin of 11.4% make it more profitable than the average company (5.7%)
- C-tec Commercial Vehicle Engineering Limited
5.7% - Industry AVG
Employees
with 13 employees, this is below the industry average (27)
13 - C-tec Commercial Vehicle Engineering Limited
27 - Industry AVG
Pay Structure
on an average salary of £45.1k, the company has an equivalent pay structure (£45.1k)
- C-tec Commercial Vehicle Engineering Limited
£45.1k - Industry AVG
Efficiency
resulting in sales per employee of £233k, this is more efficient (£181.1k)
- C-tec Commercial Vehicle Engineering Limited
£181.1k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is earlier than average (58 days)
- C-tec Commercial Vehicle Engineering Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 98 days, this is slower than average (39 days)
- C-tec Commercial Vehicle Engineering Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is more than average (12 days)
- C-tec Commercial Vehicle Engineering Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 88 weeks, this is more cash available to meet short term requirements (19 weeks)
88 weeks - C-tec Commercial Vehicle Engineering Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.1%, this is a lower level of debt than the average (62.1%)
48.1% - C-tec Commercial Vehicle Engineering Limited
62.1% - Industry AVG
C-TEC COMMERCIAL VEHICLE ENGINEERING LIMITED financials
C-Tec Commercial Vehicle Engineering Limited's latest turnover from April 2023 is estimated at £3 million and the company has net assets of £1.6 million. According to their latest financial statements, C-Tec Commercial Vehicle Engineering Limited has 13 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 13 | 12 | 13 | 15 | 16 | 16 | 17 | 17 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,163 | 70,188 | 81,522 | 78,415 | 88,245 | 103,943 | 80,556 | 78,662 | 66,559 | 62,872 | 66,014 | 65,516 | 67,715 | 66,020 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000 | 40,000 | 45,000 | 50,000 | 55,000 | 60,000 |
| 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 | 61,163 | 70,188 | 81,522 | 78,415 | 88,245 | 103,943 | 80,556 | 78,662 | 101,559 | 102,872 | 111,014 | 115,516 | 122,715 | 126,020 |
| Stock & work in progress | 182,000 | 182,000 | 190,000 | 200,500 | 125,500 | 125,000 | 113,000 | 113,000 | 108,000 | 133,750 | 117,000 | 122,325 | 123,500 | 129,100 |
| Trade Debtors | 337,133 | 373,924 | 316,982 | 138,145 | 389,807 | 247,361 | 304,067 | 413,299 | 559,822 | 127,701 | 252,216 | 135,038 | 162,871 | 175,763 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,700 | 18,067 | 6,187 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,592,829 | 2,041,849 | 1,782,909 | 1,785,157 | 1,579,891 | 1,293,908 | 942,662 | 0 | 0 | 368,577 | 201,945 | 188,216 | 249,514 | 209,457 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 652,956 | 430,220 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,113,662 | 2,615,840 | 2,296,078 | 2,123,802 | 2,095,198 | 1,666,269 | 1,359,729 | 1,179,255 | 1,098,042 | 630,028 | 571,161 | 445,579 | 535,885 | 514,320 |
| total assets | 3,174,825 | 2,686,028 | 2,377,600 | 2,202,217 | 2,183,443 | 1,770,212 | 1,440,285 | 1,257,917 | 1,199,601 | 732,900 | 682,175 | 561,095 | 658,600 | 640,340 |
| Bank overdraft | 74,810 | 51,181 | 53,825 | 0 | 0 | 0 | 82,991 | 136,636 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 8,373 | 5,416 | 4,347 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 620,566 | 606,188 | 371,709 | 984,145 | 1,049,300 | 948,673 | 161,183 | 147,835 | 952,083 | 726,201 | 677,157 | 557,151 | 653,062 | 601,685 |
| Group/Directors Accounts | 655,293 | 654,118 | 600,081 | 0 | 0 | 0 | 577,746 | 500,195 | 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 | 162,670 | 42,669 | 106,371 | 0 | 0 | 0 | 127,715 | 124,892 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,521,712 | 1,359,572 | 1,136,333 | 984,145 | 1,049,300 | 948,673 | 949,635 | 909,558 | 952,083 | 726,201 | 677,157 | 557,151 | 653,062 | 601,685 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,154 | 6,429 | 8,439 | 7,603 | 9,223 | 11,909 | 7,143 | 6,754 | 4,349 | 3,597 | 4,147 | 3,717 | 3,874 | 2,933 |
| total long term liabilities | 5,154 | 6,429 | 8,439 | 7,603 | 9,223 | 11,909 | 7,143 | 6,754 | 4,349 | 3,597 | 4,147 | 3,717 | 3,874 | 2,933 |
| total liabilities | 1,526,866 | 1,366,001 | 1,144,772 | 991,748 | 1,058,523 | 960,582 | 956,778 | 916,312 | 956,432 | 729,798 | 681,304 | 560,868 | 656,936 | 604,618 |
| net assets | 1,647,959 | 1,320,027 | 1,232,828 | 1,210,469 | 1,124,920 | 809,630 | 483,507 | 341,605 | 243,169 | 3,102 | 871 | 227 | 1,664 | 35,722 |
| total shareholders funds | 1,647,959 | 1,320,027 | 1,232,828 | 1,210,469 | 1,124,920 | 809,630 | 483,507 | 341,605 | 243,169 | 3,102 | 871 | 227 | 1,664 | 35,722 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 9,025 | 11,333 | 12,890 | 12,819 | 15,698 | 9,911 | 12,261 | 8,283 | 6,368 | 6,272 | 7,060 | 6,934 | 7,485 | 7,061 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
| Tax | ||||||||||||||
| Stock | 0 | -8,000 | -10,500 | 75,000 | 500 | 12,000 | 0 | 5,000 | -25,750 | 16,750 | -5,325 | -1,175 | -5,600 | 129,100 |
| Debtors | -53,158 | 68,822 | 185,024 | -251,662 | 142,446 | -56,706 | -109,232 | -146,523 | 432,121 | -124,515 | 117,178 | -27,833 | -12,892 | 175,763 |
| Creditors | 14,378 | 234,479 | -612,436 | -65,155 | 100,627 | 787,490 | 13,348 | -804,248 | 225,882 | 49,044 | 120,006 | -95,911 | 51,377 | 601,685 |
| Accruals and Deferred Income | 120,001 | -63,702 | 106,371 | 0 | 0 | -127,715 | 2,823 | 124,892 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -1,275 | -2,010 | 836 | -1,620 | -2,686 | 4,766 | 389 | 2,405 | 752 | -550 | 430 | -157 | 941 | 2,933 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 2,957 | 1,069 | 4,347 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,175 | 54,037 | 600,081 | 0 | 0 | -577,746 | 77,551 | 500,195 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 550,980 | 258,940 | -2,248 | 205,266 | 285,983 | 351,246 | 942,662 | 0 | -368,577 | 166,632 | 13,729 | -61,298 | 40,057 | 209,457 |
| overdraft | 23,629 | -2,644 | 53,825 | 0 | 0 | -82,991 | -53,645 | 136,636 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 527,351 | 261,584 | -56,073 | 205,266 | 285,983 | 434,237 | 996,307 | -136,636 | -368,577 | 166,632 | 13,729 | -61,298 | 40,057 | 209,457 |
c-tec commercial vehicle engineering limited Credit Report and Business Information
C-tec Commercial Vehicle Engineering Limited Competitor Analysis
Perform a competitor analysis for c-tec commercial vehicle engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
c-tec commercial vehicle engineering limited Ownership
C-TEC COMMERCIAL VEHICLE ENGINEERING LIMITED group structure
C-Tec Commercial Vehicle Engineering Limited has no subsidiary companies.
Ultimate parent company
C-TEC COMMERCIAL VEHICLE ENGINEERING LIMITED
NI042897
c-tec commercial vehicle engineering limited directors
C-Tec Commercial Vehicle Engineering Limited currently has 3 directors. The longest serving directors include Mr Eugene Connery (Apr 2002) and Mr Peter Connery (Apr 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eugene Connery | 57 years | Apr 2002 | - | Director | |
| Mr Peter Connery | 54 years | Apr 2002 | - | Director | |
| Mr Michael Connery | Northern Ireland | 56 years | Apr 2002 | - | Director |
P&L
April 2023turnover
3m
0%
operating profit
345.9k
0%
gross margin
24%
-2.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
1.6m
+0.25%
total assets
3.2m
+0.18%
cash
2.6m
+0.27%
net assets
Total assets minus all liabilities
Similar Companies
c-tec commercial vehicle engineering limited company details
company number
NI042897
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
April 2002
age
22
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
16 mount charles, belfast, BT7 1NZ
last accounts submitted
April 2023
c-tec commercial vehicle engineering 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 c-tec commercial vehicle engineering limited.
c-tec commercial vehicle engineering limited Companies House Filings - See Documents
| date | description | view/download |
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