the institution of engineers in scotland
the institution of engineers in scotland Company Information
Company Number
SC000358
Next Accounts
Apr 2025
Shareholders
-
Group Structure
View All
Industry
Activities of professional membership organisations
Registered Address
105 west george street, glasgow, G2 1QL
Website
https://engineers.scotthe institution of engineers in scotland Estimated Valuation
Pomanda estimates the enterprise value of THE INSTITUTION OF ENGINEERS IN SCOTLAND at £37.8k based on a Turnover of £82.3k and 0.46x industry multiple (adjusted for size and gross margin).
the institution of engineers in scotland Estimated Valuation
Pomanda estimates the enterprise value of THE INSTITUTION OF ENGINEERS IN SCOTLAND at £0 based on an EBITDA of £-56.4k and a 2.45x industry multiple (adjusted for size and gross margin).
the institution of engineers in scotland Estimated Valuation
Pomanda estimates the enterprise value of THE INSTITUTION OF ENGINEERS IN SCOTLAND at £2.8m based on Net Assets of £1.3m and 2.2x industry multiple (adjusted for liquidity).
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The Institution Of Engineers In Scotland Overview
The Institution Of Engineers In Scotland is a live company located in glasgow, G2 1QL with a Companies House number of SC000358. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in July 1871, it's largest shareholder is unknown. The Institution Of Engineers In Scotland is a mature, micro sized company, Pomanda has estimated its turnover at £82.3k with low growth in recent years.
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The Institution Of Engineers In Scotland Health Check
Pomanda's financial health check has awarded The Institution Of Engineers In Scotland a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £82.3k, make it smaller than the average company (£709.2k)
£82.3k - The Institution Of Engineers In Scotland
£709.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.6%)
1% - The Institution Of Engineers In Scotland
2.6% - Industry AVG
Production
with a gross margin of 77.7%, this company has a comparable cost of product (77.7%)
77.7% - The Institution Of Engineers In Scotland
77.7% - Industry AVG
Profitability
an operating margin of -69.4% make it less profitable than the average company (3.4%)
-69.4% - The Institution Of Engineers In Scotland
3.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (11)
1 - The Institution Of Engineers In Scotland
11 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has a lower pay structure (£45.6k)
£32.8k - The Institution Of Engineers In Scotland
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £82.3k, this is less efficient (£105.5k)
£82.3k - The Institution Of Engineers In Scotland
£105.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Institution Of Engineers In Scotland
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Institution Of Engineers In Scotland
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Institution Of Engineers In Scotland
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 287 weeks, this is more cash available to meet short term requirements (113 weeks)
287 weeks - The Institution Of Engineers In Scotland
113 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.6%, this is a lower level of debt than the average (26.2%)
0.6% - The Institution Of Engineers In Scotland
26.2% - Industry AVG
THE INSTITUTION OF ENGINEERS IN SCOTLAND financials
The Institution Of Engineers In Scotland's latest turnover from July 2023 is £82.3 thousand and the company has net assets of £1.3 million. According to their latest financial statements, The Institution Of Engineers In Scotland has 1 employee and maintains cash reserves of £41.3 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 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 82,315 | 75,682 | 72,498 | 79,157 | 81,497 | 84,124 | 74,575 | 68,362 | 69,798 | 66,806 | 59,289 | 55,876 | 54,375 | 49,854 | 53,871 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -55,377 | -7,552 | 212,092 | -194,066 | 10,285 | 17,622 | 6,501 | 7,542 | 11,743 | 2,927 | 483 | -1,908 | -2,243 | -4,798 | -4,802 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -55,377 | -7,552 | 212,092 | -194,066 | 10,285 | 17,622 | 6,501 | 7,542 | 11,743 | 2,927 | 483 | -1,908 | -2,243 | -4,798 | -4,802 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -55,377 | -7,552 | 212,092 | -194,066 | 10,285 | 17,622 | 6,501 | 7,542 | 11,743 | 2,927 | 483 | -1,908 | -2,243 | -4,798 | -4,802 |
| Employee Costs | 32,788 | 29,424 | 30,646 | 28,066 | 29,751 | 27,559 | 25,844 | 17,923 | 16,616 | 16,987 | 18,129 | 13,513 | 13,223 | 12,646 | 11,668 |
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,682 | 3,353 | 4,191 | 5,238 | 0 | 140 | 280 | 0 | 392 | 603 | 626 | 555 | 710 | 887 | 1,109 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,212,094 | 1,278,275 | 1,271,691 | 1,025,793 | 1,260,725 | 1,258,781 | 1,213,809 | 1,105,425 | 1,144,527 | 1,150,982 | 1,140,903 | 978,734 | 977,076 | 851,252 | 703,888 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,214,776 | 1,281,628 | 1,275,882 | 1,031,031 | 1,260,725 | 1,258,921 | 1,214,089 | 1,105,425 | 1,144,919 | 1,151,585 | 1,141,529 | 979,289 | 977,786 | 852,139 | 704,997 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 350 | 400 | 481 | 494 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,197 | 5,182 | 4,928 | 5,771 | 5,987 | 5,803 | 5,910 | 3,194 | 3,182 | 2,910 | 2,976 | 3,432 | 2,889 | 2,755 | 2,287 |
| Cash | 41,277 | 27,466 | 43,632 | 74,355 | 49,883 | 34,536 | 21,691 | 25,462 | 24,318 | 23,099 | 16,726 | 8,642 | 11,916 | 8,317 | 61,324 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 46,474 | 32,648 | 48,560 | 80,126 | 56,220 | 40,689 | 27,951 | 29,006 | 27,850 | 26,359 | 20,052 | 12,424 | 15,205 | 11,553 | 64,105 |
| total assets | 1,261,250 | 1,314,276 | 1,324,442 | 1,111,157 | 1,316,945 | 1,299,610 | 1,242,040 | 1,134,431 | 1,172,769 | 1,177,944 | 1,161,581 | 991,713 | 992,991 | 863,692 | 769,102 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 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 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 7,458 | 5,107 | 7,721 | 6,528 | 18,250 | 11,200 | 21,594 | 23,692 | 20,516 | 20,766 | 17,982 | 10,953 | 12,107 | 12,158 | 15,321 |
| total current liabilities | 7,458 | 5,107 | 7,721 | 6,528 | 18,250 | 11,200 | 21,594 | 23,692 | 20,516 | 20,766 | 17,982 | 10,953 | 12,107 | 12,158 | 15,321 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 7,458 | 5,107 | 7,721 | 6,528 | 18,250 | 11,200 | 21,594 | 23,692 | 20,516 | 20,766 | 17,982 | 10,953 | 12,107 | 12,158 | 15,321 |
| net assets | 1,253,792 | 1,309,169 | 1,316,721 | 1,104,629 | 1,298,695 | 1,288,410 | 1,220,446 | 1,110,739 | 1,152,253 | 1,157,178 | 1,143,599 | 980,760 | 980,884 | 851,534 | 753,781 |
| total shareholders funds | 1,253,792 | 1,309,169 | 1,316,721 | 1,104,629 | 1,298,695 | 1,288,410 | 1,220,446 | 1,110,739 | 1,152,253 | 1,157,178 | 1,143,599 | 980,760 | 980,884 | 851,534 | 753,781 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 671 | 838 | 1,047 | 1,311 | 140 | 140 | 140 | 392 | 381 | 768 | 157 | 155 | 177 | 222 | 277 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | -350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50 | -81 | -13 | 494 |
| Debtors | 15 | 254 | -843 | -216 | 184 | -107 | 2,716 | 12 | 272 | -66 | -456 | 543 | 134 | 468 | 2,287 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,351 | -2,614 | 1,193 | -11,722 | 7,050 | -10,394 | -2,098 | 3,176 | -250 | 2,784 | 7,029 | -1,154 | -51 | -3,163 | 15,321 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -66,181 | 6,584 | 245,898 | -234,932 | 1,944 | 44,972 | 108,384 | -39,102 | -6,455 | 10,079 | 162,169 | 1,658 | 125,824 | 147,364 | 703,888 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 50,342 | 103,206 | -49,056 | -16,668 | 10,652 | 162,356 | 1,784 | 131,593 | 102,551 | 758,583 |
| cash and cash equivalents | |||||||||||||||
| cash | 13,811 | -16,166 | -30,723 | 24,472 | 15,347 | 12,845 | -3,771 | 1,144 | 1,219 | 6,373 | 8,084 | -3,274 | 3,599 | -53,007 | 61,324 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 13,811 | -16,166 | -30,723 | 24,472 | 15,347 | 12,845 | -3,771 | 1,144 | 1,219 | 6,373 | 8,084 | -3,274 | 3,599 | -53,007 | 61,324 |
the institution of engineers in scotland Credit Report and Business Information
The Institution Of Engineers In Scotland Competitor Analysis
Perform a competitor analysis for the institution of engineers in scotland by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in G 2 area or any other competitors across 12 key performance metrics.
the institution of engineers in scotland Ownership
THE INSTITUTION OF ENGINEERS IN SCOTLAND group structure
The Institution Of Engineers In Scotland has 1 subsidiary company.
Ultimate parent company
THE INSTITUTION OF ENGINEERS IN SCOTLAND
SC000358
1 subsidiary
the institution of engineers in scotland directors
The Institution Of Engineers In Scotland currently has 16 directors. The longest serving directors include Mr Gordon Masterton (Aug 2007) and Mr Graeme Fletcher (Apr 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gordon Masterton | 70 years | Aug 2007 | - | Director | |
| Mr Graeme Fletcher | 62 years | Apr 2012 | - | Director | |
| Mr David Westmore | Scotland | 70 years | Oct 2013 | - | Director |
| Mr Richard Philbrick | 74 years | Jun 2017 | - | Director | |
| Dr Andrew Pearson | Scotland | 62 years | Jun 2017 | - | Director |
| Mr Paul Sweeney | Scotland | 36 years | Dec 2020 | - | Director |
| Dr Malcolm Robb | Scotland | 60 years | Dec 2020 | - | Director |
| Mr Maurice Barr | Scotland | 60 years | Feb 2023 | - | Director |
| Dr Carol Marsh | Scotland | 54 years | Feb 2023 | - | Director |
| Mr Richard Horrell | Scotland | 79 years | Feb 2023 | - | Director |
P&L
July 2023turnover
82.3k
+9%
operating profit
-57.1k
0%
gross margin
77.8%
-1.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.3m
-0.04%
total assets
1.3m
-0.04%
cash
41.3k
+0.5%
net assets
Total assets minus all liabilities
the institution of engineers in scotland company details
company number
SC000358
Type
Private Ltd By Guarantee w/o Share Cap
industry
94120 - Activities of professional membership organisations
incorporation date
July 1871
age
154
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
institution of engineers and shipbuilders in scotland (the). (November 2020)
accountant
ANDREW B WILSON
auditor
-
address
105 west george street, glasgow, G2 1QL
Bank
BANK OF SCOTLAND
Legal Advisor
-
the institution of engineers in scotland 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 the institution of engineers in scotland.
the institution of engineers in scotland Capital Raised & Share Issues BETA
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the institution of engineers in scotland Companies House Filings - See Documents
| date | description | view/download |
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