aform engineering ltd
aform engineering ltd Company Information
Company Number
NI627846
Next Accounts
Apr 2025
Directors
Shareholders
thomas patrick diamond
Group Structure
View All
Industry
Manufacture of metal structures and parts of structures
Registered Address
46 hill street, belfast, BT1 2LB
Website
-aform engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of AFORM ENGINEERING LTD at £267.8k based on a Turnover of £665.2k and 0.4x industry multiple (adjusted for size and gross margin).
aform engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of AFORM ENGINEERING LTD at £1.5m based on an EBITDA of £498.6k and a 3.09x industry multiple (adjusted for size and gross margin).
aform engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of AFORM ENGINEERING LTD at £8.7m based on Net Assets of £4.3m and 2.02x industry multiple (adjusted for liquidity).
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Aform Engineering Ltd Overview
Aform Engineering Ltd is a live company located in belfast, BT1 2LB with a Companies House number of NI627846. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in November 2014, it's largest shareholder is thomas patrick diamond with a 100% stake. Aform Engineering Ltd is a established, small sized company, Pomanda has estimated its turnover at £665.2k with declining growth in recent years.
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Aform Engineering Ltd Health Check
Pomanda's financial health check has awarded Aform Engineering Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £665.2k, make it smaller than the average company (£13.2m)
- Aform Engineering Ltd
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (7.9%)
- Aform Engineering Ltd
7.9% - Industry AVG
Production
with a gross margin of 16.2%, this company has a higher cost of product (24%)
- Aform Engineering Ltd
24% - Industry AVG
Profitability
an operating margin of 75% make it more profitable than the average company (6.2%)
- Aform Engineering Ltd
6.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (75)
- Aform Engineering Ltd
75 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- Aform Engineering Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £221.7k, this is more efficient (£169k)
- Aform Engineering Ltd
£169k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (63 days)
- Aform Engineering Ltd
63 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (52 days)
- Aform Engineering Ltd
52 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Aform Engineering Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 160 weeks, this is more cash available to meet short term requirements (13 weeks)
160 weeks - Aform Engineering Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.5%, this is a lower level of debt than the average (56%)
2.5% - Aform Engineering Ltd
56% - Industry AVG
AFORM ENGINEERING LTD financials
Aform Engineering Ltd's latest turnover from July 2023 is estimated at £665.2 thousand and the company has net assets of £4.3 million. According to their latest financial statements, we estimate that Aform Engineering Ltd has 3 employees and maintains cash reserves of £336.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||
| Intangible Assets | |||||||||
| Investments & Other | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 |
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 |
| Stock & work in progress | |||||||||
| Trade Debtors | 202,638 | 192,443 | 84,050 | 50,255 | 1,000 | ||||
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 336,120 | 179,793 | 284,507 | 203,812 | |||||
| misc current assets | |||||||||
| total current assets | 538,758 | 372,236 | 368,557 | 254,067 | 1,000 | ||||
| total assets | 4,425,640 | 4,259,118 | 4,255,439 | 4,140,949 | 3,886,882 | 3,886,882 | 3,886,882 | 3,886,882 | 3,887,882 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 109,143 | 326,210 | 497,421 | 530,010 | 400,000 | 400,000 | 550,000 | 750,000 | 1,000,000 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 109,143 | 326,210 | 497,421 | 530,010 | 400,000 | 400,000 | 550,000 | 750,000 | 1,000,000 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | |||||||||
| total liabilities | 109,143 | 326,210 | 497,421 | 530,010 | 400,000 | 400,000 | 550,000 | 750,000 | 1,000,000 |
| net assets | 4,316,497 | 3,932,908 | 3,758,018 | 3,610,939 | 3,486,882 | 3,486,882 | 3,336,882 | 3,136,882 | 2,887,882 |
| total shareholders funds | 4,316,497 | 3,932,908 | 3,758,018 | 3,610,939 | 3,486,882 | 3,486,882 | 3,336,882 | 3,136,882 | 2,887,882 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | 10,195 | 108,393 | 33,795 | 50,255 | -1,000 | 1,000 | |||
| Creditors | -217,067 | -171,211 | -32,589 | 130,010 | -150,000 | -200,000 | -250,000 | 1,000,000 | |
| Accruals and Deferred Income | |||||||||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 3,886,882 | ||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 156,327 | -104,714 | 80,695 | 203,812 | |||||
| overdraft | |||||||||
| change in cash | 156,327 | -104,714 | 80,695 | 203,812 |
aform engineering ltd Credit Report and Business Information
Aform Engineering Ltd Competitor Analysis
Perform a competitor analysis for aform engineering ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BT1 area or any other competitors across 12 key performance metrics.
aform engineering ltd Ownership
AFORM ENGINEERING LTD group structure
Aform Engineering Ltd has 1 subsidiary company.
aform engineering ltd directors
Aform Engineering Ltd currently has 1 director, Mr Sean O'Loughlin serving since Oct 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean O'Loughlin | 42 years | Oct 2024 | - | Director |
P&L
July 2023turnover
665.2k
-27%
operating profit
498.6k
0%
gross margin
16.3%
+4.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
4.3m
+0.1%
total assets
4.4m
+0.04%
cash
336.1k
+0.87%
net assets
Total assets minus all liabilities
aform engineering ltd company details
company number
NI627846
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
July 2023
previous names
N/A
accountant
C D DIAMOND & COMPANY
auditor
-
address
46 hill street, belfast, BT1 2LB
Bank
-
Legal Advisor
-
aform engineering ltd 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 aform engineering ltd.
aform engineering ltd 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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aform engineering ltd Companies House Filings - See Documents
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