Findlay, Irvine Limited

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findlay, irvine limited Company Information

Company Number

SC035193

Next Accounts

Feb 2026

Directors

John Irvine

Colin Irvine

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Shareholders

colin irvine

john irvine

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Group Structure

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Industry

Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

Registered Address

42/44 bog road, penicuik, midlothian, EH26 9BU

Website

www.findlayirvine.com

findlay, irvine limited Estimated Valuation

£13.3m

Pomanda estimates the enterprise value of FINDLAY, IRVINE LIMITED at £13.3m based on Net Assets of £5.3m and 2.52x industry multiple (adjusted for liquidity).

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Findlay, Irvine Limited is a live company located in midlothian, EH26 9BU with a Companies House number of SC035193. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in May 1960, it's largest shareholder is colin irvine with a 38% stake. Findlay, Irvine Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6m with declining growth in recent years.

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Pomanda's financial health check has awarded Findlay, Irvine Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £6m, make it smaller than the average company (£13.6m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (12.7%)

EXPORT

Findlay, Irvine Limited's latest turnover from May 2024 is estimated at £6 million and the company has net assets of £5.3 million. According to their latest financial statements, Findlay, Irvine Limited has 38 employees and maintains cash reserves of £4.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	6,003,328	4,769,620	4,978,385	7,680,673	4,517,485	4,869,874	5,799,266	4,706,987	4,302,804	2,229,164	3,847,640	2,577,163	8,790,630	2,532,986	1,748,786
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,353,916	2,810,860	2,856,851	4,432,871	2,563,716	2,791,633	3,264,524	2,705,451	2,475,795	1,278,532	2,274,118	1,514,644	5,224,940	1,484,445	1,061,841
Gross Profit	2,649,412	1,958,761	2,121,534	3,247,802	1,953,769	2,078,241	2,534,742	2,001,536	1,827,009	950,631	1,573,521	1,062,519	3,565,690	1,048,541	686,946
Admin Expenses	2,755,868	1,810,120	1,932,869	2,149,598	1,678,225	2,198,759	2,636,259	1,797,736	1,799,980	1,075,352	944,467	1,491,399	793,491	539,768	-606,231
Operating Profit	-106,456	148,641	188,665	1,098,204	275,544	-120,518	-101,517	203,800	27,029	-124,721	629,054	-428,880	2,772,199	508,773	1,293,177
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	1,891	1,891
Interest Receivable	223,346	200,507	40,652	3,249	2,692	17,356	11,552	5,870	12,452	13,519	13,823	11,552	5,755	1,876	501
Pre-Tax Profit	116,889	349,148	229,317	1,101,453	278,236	-103,162	-89,965	209,670	39,481	-111,202	642,877	-417,328	2,777,954	508,758	1,291,788
Tax	-29,222	-87,287	-43,570	-209,276	-52,865	0	0	-39,837	-7,896	0	-135,004	0	-666,709	-132,277	-361,700
Profit After Tax	87,667	261,861	185,747	892,177	225,371	-103,162	-89,965	169,833	31,585	-111,202	507,873	-417,328	2,111,245	376,481	930,087
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	87,667	261,861	185,747	892,177	225,371	-103,162	-89,965	169,833	31,585	-111,202	507,873	-417,328	2,111,245	376,481	930,087
Employee Costs	2,108,377	1,887,494	2,511,603	2,376,677	2,087,153	2,134,830	2,302,038	2,276,686	2,008,865	678,054	1,113,907	706,349	2,197,718	698,080	475,213
Number Of Employees	38	36	50	49	44	45	50	51	48	16	27	18	58	19	13
EBITDA*	-68,917	187,260	228,430	1,123,206	321,721	-71,367	-34,079	267,224	91,219	-47,382	705,275	-350,569	2,837,435	572,063	1,343,099

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	222,476	237,837	258,042	229,084	223,690	236,188	267,344	253,881	235,400	276,500	276,034	298,442	352,090	301,034	272,028
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	222,476	237,837	258,042	229,084	223,690	236,188	267,344	253,881	235,400	276,500	276,034	298,442	352,090	301,034	272,028
Stock & work in progress	426,011	368,508	339,261	694,040	512,912	428,836	451,020	470,341	725,423	409,128	353,445	341,342	714,723	688,024	611,929
Trade Debtors	1,141,998	880,172	669,160	1,717,457	654,091	892,005	1,165,274	747,184	688,441	439,335	847,792	462,160	1,916,583	445,342	315,630
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	138,324	43,074	27,136	8,702	39,700	107,412	114,998	126,489	122,838	0	0	0	0	0	0
Cash	4,142,379	4,366,021	4,545,396	3,585,034	2,913,324	2,470,255	2,158,076	2,462,822	2,233,340	2,747,463	2,660,186	2,869,056	1,751,919	550,040	200,298
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,848,712	5,657,775	5,580,953	6,005,233	4,120,027	3,898,508	3,889,368	3,806,836	3,770,042	3,595,926	3,861,423	3,672,558	4,383,225	1,683,406	1,127,857
total assets	6,071,188	5,895,612	5,838,995	6,234,317	4,343,717	4,134,696	4,156,712	4,060,717	4,005,442	3,872,426	4,137,457	3,971,000	4,735,315	1,984,440	1,399,885
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	58,174
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	205,517	165,365	168,345	184,566	307,215	188,351	206,768	155,083	282,003	270,107	410,199	748,206	1,073,844	426,846	174,266
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	563,038	511,906	710,297	1,279,523	202,581	337,795	238,232	103,957	91,595	0	0	0	0	0	0
total current liabilities	768,555	677,271	878,642	1,464,089	509,796	526,146	445,000	259,040	373,598	270,107	410,199	748,206	1,073,844	426,846	232,440
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	7,265	20,103	12,665
provisions	10,019	13,394	17,267	12,889	0	0	0	0	0	0	11,677	13,026	25,050	17,520	9,230
total long term liabilities	10,019	13,394	17,267	12,889	0	0	0	0	0	0	11,677	13,026	32,315	37,623	21,895
total liabilities	778,574	690,665	895,909	1,476,978	509,796	526,146	445,000	259,040	373,598	270,107	421,876	761,232	1,106,159	464,469	254,335
net assets	5,292,614	5,204,947	4,943,086	4,757,339	3,833,921	3,608,550	3,711,712	3,801,677	3,631,844	3,602,319	3,715,581	3,209,768	3,629,156	1,519,971	1,145,550
total shareholders funds	5,292,614	5,204,947	4,943,086	4,757,339	3,833,921	3,608,550	3,711,712	3,801,677	3,631,844	3,602,319	3,715,581	3,209,768	3,629,156	1,519,971	1,145,550

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-106,456	148,641	188,665	1,098,204	275,544	-120,518	-101,517	203,800	27,029	-124,721	629,054	-428,880	2,772,199	508,773	1,293,177
Depreciation	37,539	38,619	39,765	25,002	46,177	49,151	67,438	63,424	64,190	77,339	76,221	78,311	65,236	63,290	49,922
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-29,222	-87,287	-43,570	-209,276	-52,865	0	0	-39,837	-7,896	0	-135,004	0	-666,709	-132,277	-361,700
Stock	57,503	29,247	-354,779	181,128	84,076	-22,184	-19,321	-255,082	316,295	55,683	12,103	-373,381	26,699	76,095	611,929
Debtors	357,076	226,950	-1,029,863	1,032,368	-305,626	-280,855	406,599	62,394	371,944	-408,457	385,632	-1,454,423	1,471,241	129,712	315,630
Creditors	40,152	-2,980	-16,221	-122,649	118,864	-18,417	51,685	-126,920	11,896	-140,092	-338,007	-325,638	646,998	252,580	174,266
Accruals and Deferred Income	51,132	-198,391	-569,226	1,076,942	-135,214	99,563	134,275	12,362	91,595	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,375	-3,873	4,378	12,889	0	0	0	0	0	-11,677	-1,349	-12,024	7,530	8,290	9,230
Cash flow from operations	-424,809	-361,468	988,433	667,616	474,056	312,818	-235,397	305,517	-501,425	153,623	-166,820	1,139,573	1,327,314	494,849	237,336
Investing Activities
capital expenditure	-22,178	-18,414	-68,723	-30,396	-33,679	-17,995	-80,901	-81,905	-23,090	-77,805	-53,813	-24,663	-116,292	-92,296	-321,950
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-22,178	-18,414	-68,723	-30,396	-33,679	-17,995	-80,901	-81,905	-23,090	-77,805	-53,813	-24,663	-116,292	-92,296	-321,950
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	-7,265	-12,838	7,438	12,665
share issue	0	0	0	31,241	0	0	0	0	-2,060	-2,060	-2,060	-2,060	-2,060	-2,060	215,463
interest	223,346	200,507	40,652	3,249	2,692	17,356	11,552	5,870	12,452	13,519	13,823	11,552	5,755	-15	-1,390
cash flow from financing	223,346	200,507	40,652	34,490	2,692	17,356	11,552	5,870	10,392	11,459	11,763	2,227	-9,143	5,363	226,738
cash and cash equivalents
cash	-223,642	-179,375	960,362	671,710	443,069	312,179	-304,746	229,482	-514,123	87,277	-208,870	1,117,137	1,201,879	349,742	200,298
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	-58,174	58,174
change in cash	-223,642	-179,375	960,362	671,710	443,069	312,179	-304,746	229,482	-514,123	87,277	-208,870	1,117,137	1,201,879	407,916	142,124

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FINDLAY, IRVINE LIMITED group structure

Findlay, Irvine Limited has no subsidiary companies.

Ultimate parent company

FINDLAY, IRVINE LIMITED

SC035193

FINDLAY, IRVINE LIMITED Shareholders

colin irvine	38.01%
john irvine	23.1%
fiona cowieson	7.7%
carol greer	7.7%
wendy irvine	5.78%
timothy irvine	5.78%
jonathon irvine	5.78%
david leask	5%
andrew findlay	1.16%

Findlay, Irvine Limited currently has 4 directors. The longest serving directors include Mr John Irvine (Oct 1988) and Mr Colin Irvine (Nov 1991).

officer	age	start	end	role
Mr John Irvine	96 years	Oct 1988	-	Director
Mr Colin Irvine	64 years	Nov 1991	-	Director
Mrs Wendy Irvine	59 years	Nov 2013	-	Director
Mr David Leask	61 years	Jan 2019	-	Director

P&L

May 2024

turnover

+26%

operating profit

-106.5k

gross margin

44.2%

+7.46%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2024

net assets

5.3m

+0.02%

total assets

6.1m

+0.03%

cash

4.1m

-0.05%

net assets

Total assets minus all liabilities

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company number

SC035193

Type

Private limited with Share Capital

industry

26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

incorporation date

May 1960

ultimate parent company

None

previous names

N/A

address

42/44 bog road, penicuik, midlothian, EH26 9BU

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 found 3 charges/mortgages relating to findlay, irvine limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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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findlay, irvine limited Company Information

findlay, irvine limited Estimated Valuation

findlay, irvine limited Estimated Valuation

findlay, irvine limited Estimated Valuation

Findlay, Irvine Limited Overview

Findlay, Irvine Limited Health Check

FINDLAY, IRVINE LIMITED financials

findlay, irvine limited Credit Report and Business Information

Findlay, Irvine Limited Competitor Analysis

findlay, irvine limited Ownership

findlay, irvine limited directors

findlay, irvine limited company details

findlay, irvine limited Charges & Mortgages

findlay, irvine limited Capital Raised & Share Issues BETA

findlay, irvine limited Companies House Filings - See Documents