david hardie engineering ltd.
david hardie engineering ltd. Company Information
Company Number
SC162759
Website
www.hardieengineering.co.ukRegistered Address
braeside, kirkgunzeon, dumfries, DG2 8LA
Industry
Construction of other civil engineering projects n.e.c.
Development of building projects
Telephone
01387750740
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
hardie holdings limited 90%
cordley investments ltd 5%
View Alldavid hardie engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of DAVID HARDIE ENGINEERING LTD. at £3.9m based on a Turnover of £12m and 0.33x industry multiple (adjusted for size and gross margin).
david hardie engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of DAVID HARDIE ENGINEERING LTD. at £835.8k based on an EBITDA of £266.4k and a 3.14x industry multiple (adjusted for size and gross margin).
david hardie engineering ltd. Estimated Valuation
Pomanda estimates the enterprise value of DAVID HARDIE ENGINEERING LTD. at £1.5m based on Net Assets of £998.5k and 1.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
David Hardie Engineering Ltd. Overview
David Hardie Engineering Ltd. is a live company located in dumfries, DG2 8LA with a Companies House number of SC162759. It operates in the development of building projects sector, SIC Code 41100. Founded in January 1996, it's largest shareholder is hardie holdings limited with a 90% stake. David Hardie Engineering Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £12m with high growth in recent years.
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David Hardie Engineering Ltd. Health Check
Pomanda's financial health check has awarded David Hardie Engineering Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £12m, make it larger than the average company (£7.9m)
£12m - David Hardie Engineering Ltd.
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.2%)
- David Hardie Engineering Ltd.
4.2% - Industry AVG
Production
with a gross margin of 11.2%, this company has a higher cost of product (21.1%)
11.2% - David Hardie Engineering Ltd.
21.1% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (6.8%)
2.2% - David Hardie Engineering Ltd.
6.8% - Industry AVG
Employees
with 70 employees, this is above the industry average (29)
70 - David Hardie Engineering Ltd.
29 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£47.9k)
£40.6k - David Hardie Engineering Ltd.
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £171k, this is less efficient (£258.1k)
£171k - David Hardie Engineering Ltd.
£258.1k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (43 days)
64 days - David Hardie Engineering Ltd.
43 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (36 days)
35 days - David Hardie Engineering Ltd.
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - David Hardie Engineering Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (16 weeks)
25 weeks - David Hardie Engineering Ltd.
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a similar level of debt than the average (68%)
69.2% - David Hardie Engineering Ltd.
68% - Industry AVG
DAVID HARDIE ENGINEERING LTD. financials
David Hardie Engineering Ltd.'s latest turnover from March 2023 is £12 million and the company has net assets of £998.5 thousand. According to their latest financial statements, David Hardie Engineering Ltd. has 70 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,972,485 | 11,667,371 | 10,977,799 | 5,373,769 | 7,534,565 | 6,167,690 | 8,199,508 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 10,629,645 | 10,158,601 | 10,031,100 | 4,887,257 | 6,953,554 | 5,565,944 | 7,587,064 | |||||||
| Gross Profit | 1,342,840 | 1,508,770 | 946,699 | 486,512 | 581,011 | 601,746 | 612,444 | |||||||
| Admin Expenses | 1,076,426 | 777,684 | 420,738 | 402,927 | 462,693 | 396,660 | 473,553 | |||||||
| Operating Profit | 266,414 | 731,086 | 525,961 | 83,585 | 118,318 | 205,086 | 138,891 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Receivable | 1,970 | 97 | 25,536 | 6,048 | 6,442 | 2,707 | 1,336 | |||||||
| Pre-Tax Profit | 268,384 | 731,183 | 551,497 | 89,633 | 32,651 | 207,793 | 140,227 | |||||||
| Tax | -52,193 | 30,016 | -78,983 | -17,927 | -6,530 | -41,256 | -29,628 | |||||||
| Profit After Tax | 216,191 | 761,199 | 472,514 | 71,706 | 26,121 | 166,537 | 110,599 | |||||||
| Dividends Paid | 290,000 | 700,000 | 480,000 | 50,000 | 100,000 | 0 | 110,000 | |||||||
| Retained Profit | -73,809 | 61,199 | -7,486 | 21,706 | -73,879 | 166,537 | 599 | |||||||
| Employee Costs | 2,844,366 | 2,553,540 | 2,514,167 | 1,495,662 | 1,670,983 | 1,757,343 | 2,035,891 | |||||||
| Number Of Employees | 70 | 62 | 59 | 57 | 54 | 52 | 58 | 48 | 50 | 53 | 54 | 64 | ||
| EBITDA* | 266,414 | 731,086 | 525,961 | 83,585 | 118,318 | 205,086 | 138,891 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 98,000 | 0 | 0 | 904,503 | 443,952 | 549,261 | 643,733 | 450,000 | 745,508 | 873,624 | 751,132 |
| Trade Debtors | 2,123,786 | 1,197,556 | 1,541,971 | 854,885 | 587,590 | 1,305,115 | 1,252,070 | 759,047 | 912,511 | 1,241,642 | 514,353 | 756,126 | 821,583 | 681,496 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 225,735 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 22,668 | 200,374 | 151,592 | 1,081,482 | 1,389,240 | 7,419 | 5,469 | 12,786 | 0 | 0 | 43,813 | 48,744 | 52,601 | 59,110 |
| Cash | 1,090,351 | 3,208,821 | 1,717,602 | 870,803 | 752,956 | 845,999 | 141,654 | 1,496,965 | 1,306,962 | 446,539 | 1,296,981 | 1,007,142 | 386,281 | 197,786 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,236,805 | 4,606,751 | 3,411,165 | 2,905,170 | 2,729,786 | 2,158,533 | 2,529,431 | 2,712,750 | 2,768,734 | 2,331,914 | 2,305,147 | 2,557,520 | 2,134,089 | 1,689,524 |
| total assets | 3,236,805 | 4,606,751 | 3,411,165 | 2,905,170 | 2,729,786 | 2,158,533 | 2,529,431 | 2,712,750 | 2,768,734 | 2,331,914 | 2,305,147 | 2,557,520 | 2,134,089 | 1,689,524 |
| Bank overdraft | 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 |
| Trade Creditors | 1,038,568 | 698,998 | 836,988 | 619,912 | 501,231 | 359,440 | 680,063 | 453,954 | 1,829,239 | 1,405,967 | 432,923 | 628,702 | 591,955 | 510,909 |
| Group/Directors Accounts | 734,984 | 2,405,695 | 1,132,869 | 935,294 | 762,937 | 255,082 | 0 | 1,065,061 | 0 | 0 | 658,317 | 643,358 | 335,136 | 26,078 |
| 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 | 464,752 | 439,748 | 440,197 | 341,367 | 363,115 | 461,048 | 728,604 | 161,387 | 0 | 0 | 297,873 | 391,132 | 238,791 | 350,867 |
| total current liabilities | 2,238,304 | 3,544,441 | 2,410,054 | 1,896,573 | 1,627,283 | 1,075,570 | 1,408,667 | 1,680,402 | 1,829,239 | 1,405,967 | 1,389,113 | 1,663,192 | 1,165,882 | 887,854 |
| 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 | 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 |
| total liabilities | 2,238,304 | 3,544,441 | 2,410,054 | 1,896,573 | 1,627,283 | 1,075,570 | 1,408,667 | 1,680,402 | 1,829,239 | 1,405,967 | 1,389,113 | 1,663,192 | 1,165,882 | 887,854 |
| net assets | 998,501 | 1,062,310 | 1,001,111 | 1,008,597 | 1,102,503 | 1,082,963 | 1,120,764 | 1,032,348 | 939,495 | 925,947 | 916,034 | 894,328 | 968,207 | 801,670 |
| total shareholders funds | 998,501 | 1,062,310 | 1,001,111 | 1,008,597 | 1,102,503 | 1,082,963 | 1,120,764 | 1,032,348 | 939,495 | 925,947 | 916,034 | 894,328 | 968,207 | 801,670 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 266,414 | 731,086 | 525,961 | 83,585 | 118,318 | 205,086 | 138,891 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -52,193 | 30,016 | -78,983 | -17,927 | -6,530 | -41,256 | -29,628 | |||||||
| Stock | 0 | 0 | -98,000 | 98,000 | 0 | -904,503 | 460,551 | -105,309 | -94,472 | 193,733 | -295,508 | -128,116 | 122,492 | 751,132 |
| Debtors | 748,524 | -295,633 | -242,804 | -40,463 | 664,296 | -170,740 | 711,441 | -140,678 | -329,131 | 683,476 | -246,704 | -69,314 | 133,578 | 740,606 |
| Creditors | 339,570 | -137,990 | 217,076 | 118,681 | 141,791 | -320,623 | 226,109 | -1,375,285 | 423,272 | 973,044 | -195,779 | 36,747 | 81,046 | 510,909 |
| Accruals and Deferred Income | 25,004 | -449 | 98,830 | -21,748 | -97,933 | -267,556 | 567,217 | 161,387 | 0 | -297,873 | -93,259 | 152,341 | -112,076 | 350,867 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -169,729 | 918,296 | 1,103,688 | 318,832 | 498,306 | -123,270 | -520,699 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,670,711 | 1,272,826 | 197,575 | 172,357 | 507,855 | 255,082 | -1,065,061 | 1,065,061 | 0 | -658,317 | 14,959 | 308,222 | 309,058 | 26,078 |
| 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 | 1,970 | 97 | 25,536 | 6,048 | 6,442 | 2,707 | 1,336 | |||||||
| cash flow from financing | -1,658,741 | 1,272,923 | 223,111 | 21,007 | 314,664 | 311,765 | 828,485 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,118,470 | 1,491,219 | 846,799 | 117,847 | -93,043 | 704,345 | -1,355,311 | 190,003 | 860,423 | -850,442 | 289,839 | 620,861 | 188,495 | 197,786 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,118,470 | 1,491,219 | 846,799 | 117,847 | -93,043 | 704,345 | -1,355,311 | 190,003 | 860,423 | -850,442 | 289,839 | 620,861 | 188,495 | 197,786 |
david hardie engineering ltd. Credit Report and Business Information
David Hardie Engineering Ltd. Competitor Analysis
Perform a competitor analysis for david hardie engineering ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
david hardie engineering ltd. Ownership
DAVID HARDIE ENGINEERING LTD. group structure
David Hardie Engineering Ltd. has no subsidiary companies.
Ultimate parent company
1 parent
DAVID HARDIE ENGINEERING LTD.
SC162759
david hardie engineering ltd. directors
David Hardie Engineering Ltd. currently has 4 directors. The longest serving directors include Mr David Hardie (Jan 1996) and Mr Andrew Wilson (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Hardie | Scotland | 63 years | Jan 1996 | - | Director |
| Mr Andrew Wilson | United Kingdom | 45 years | Apr 2022 | - | Director |
| Mr Aaron Cordley | Scotland | 37 years | Apr 2022 | - | Director |
| Mr Ian Clark | 62 years | Sep 2022 | - | Director |
P&L
March 2023turnover
12m
+3%
operating profit
266.4k
-64%
gross margin
11.3%
-13.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
998.5k
-0.06%
total assets
3.2m
-0.3%
cash
1.1m
-0.66%
net assets
Total assets minus all liabilities
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david hardie engineering ltd. company details
company number
SC162759
Type
Private limited with Share Capital
industry
42990 - Construction of other civil engineering projects n.e.c.
41100 - Development of building projects
incorporation date
January 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
braeside, kirkgunzeon, dumfries, DG2 8LA
last accounts submitted
March 2023
david hardie 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 found 1 charges/mortgages relating to david hardie engineering ltd.. Currently there are 1 open charges and 0 have been satisfied in the past.
david hardie engineering ltd. Companies House Filings - See Documents
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