Xl Engineering Trading Limited

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xl engineering trading limited Company Information

Live

EstablishedMidHigh

Company Number

05676190

Website

www.xl-eng.co.uk

Registered Address

unit 19 moss lane, sandbach, CW11 3WZ

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

01270753480

Next Accounts Due

January 2025

Group Structure

View All

Directors

John Gribbin3 Years

Michael Turnbull1 Years

Shareholders

xl engineering holdings ltd 100%

xl engineering trading limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of XL ENGINEERING TRADING LIMITED at £2.4m based on a Turnover of £7.3m and 0.32x industry multiple (adjusted for size and gross margin).

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Xl Engineering Trading Limited is a live company located in sandbach, CW11 3WZ with a Companies House number of 05676190. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in January 2006, it's largest shareholder is xl engineering holdings ltd with a 100% stake. Xl Engineering Trading Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.3m with high growth in recent years.

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Pomanda's financial health check has awarded Xl Engineering Trading Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £7.3m, make it smaller than the average company (£25m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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XL ENGINEERING TRADING LIMITED group structure

Xl Engineering Trading Limited has no subsidiary companies.

Ultimate parent company

XL ENGINEERING HOLDINGS LIMITED

02459653

1 parent

XL ENGINEERING TRADING LIMITED

05676190

XL ENGINEERING TRADING LIMITED Shareholders

xl engineering holdings ltd

100%

Xl Engineering Trading Limited currently has 2 directors. The longest serving directors include Mr John Gribbin (May 2021) and Mr Michael Turnbull (Apr 2023).

officer	country	age	start	end	role
Mr John Gribbin	United Kingdom	55 years	May 2021	-	Director
Mr Michael Turnbull	United Kingdom	55 years	Apr 2023	-	Director

EXPORT

Xl Engineering Trading Limited's latest turnover from April 2023 is estimated at £7.3 million and the company has net assets of £719.2 thousand. According to their latest financial statements, Xl Engineering Trading Limited has 58 employees and maintains cash reserves of £130.2 thousand 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	7,279,400	6,854,808	4,314,957	3,717,923	4,411,549	3,819,506	2,186,888	2,519,678	3,454,400	2,853,910	3,119,869	2,287,679	1,488,886	1,457,074
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,116,688	5,581,153	3,535,645	3,010,528	3,618,010	3,115,051	1,655,207	2,082,101	2,926,534	2,391,543	2,568,077	1,866,740	1,203,159	1,122,473
Gross Profit	1,162,712	1,273,654	779,313	707,394	793,539	704,455	531,682	437,576	527,866	462,367	551,792	420,939	285,727	334,601
Admin Expenses	848,538	1,187,232	460,957	648,539	725,840	639,843	464,815	658,561	548,749	314,993	408,810	267,303	282,702	303,554
Operating Profit	314,174	86,422	318,356	58,855	67,699	64,612	66,867	-220,985	-20,883	147,374	142,982	153,636	3,025	31,047
Interest Payable	61,423	36,375	24,400	24,400	27,000	26,000	25,000	13,000	0	0	624	1,578	2,156	1,202
Interest Receivable	4,365	1,577	408	484	3,949	2,796	1,046	1,408	1,342	1,181	719	159	1	1
Pre-Tax Profit	257,116	51,623	294,364	34,940	44,648	41,409	42,914	-232,577	-19,541	148,554	143,077	152,217	870	29,846
Tax	-64,279	-9,808	-55,929	-6,639	-8,483	-7,868	-8,154	0	0	-31,196	-32,908	-36,532	-226	-8,357
Profit After Tax	192,837	41,815	238,435	28,301	36,165	33,541	34,760	-232,577	-19,541	117,358	110,169	115,685	644	21,489
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	192,837	41,815	238,435	28,301	36,165	33,541	34,760	-232,577	-19,541	117,358	110,169	115,685	644	21,489
Employee Costs	2,713,679	2,455,160	1,751,676	1,953,340	1,886,043	1,698,836	490,824	479,791	551,094	405,141	436,425	288,883	197,652	267,733
Number Of Employees	58	58	46	49	48	46	14	13	16	12	13	9	6	9
EBITDA*	314,174	86,422	318,356	58,855	67,699	64,612	66,867	-220,985	-20,883	147,374	142,982	153,636	3,025	31,047

* 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	12,555	534	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	100,000
Total Fixed Assets	12,555	534	0	0	0	0	0	0	0	0	0	0	0	100,000
Stock & work in progress	238,900	322,093	291,436	271,488	276,526	244,843	212,469	195,503	154,971	146,951	133,689	132,175	89,710	27,356
Trade Debtors	1,015,977	1,144,146	958,972	535,103	754,541	728,470	690,096	763,487	670,248	580,487	674,221	521,372	355,790	278,499
Group Debtors	2,485,264	2,321,265	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	61,767	92,900	81,100	70,750	70,220	61,910	60,715	58,265	0	0	0	0	0	40,726
Cash	130,230	75,177	345,305	471,534	496,656	556,364	562,205	274,708	288,541	248,229	224,048	63,620	33	315
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,932,138	3,955,581	1,676,813	1,348,875	1,597,943	1,591,587	1,525,485	1,291,963	1,113,760	975,667	1,031,958	717,167	445,533	346,896
total assets	3,944,693	3,956,115	1,676,813	1,348,875	1,597,943	1,591,587	1,525,485	1,291,963	1,113,760	975,667	1,031,958	717,167	445,533	446,896
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	164,532	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	447,260	452,381	353,001	252,254	317,869	299,141	217,015	223,368	767,856	610,222	783,871	512,577	346,480	340,845
Group/Directors Accounts	850,899	850,899	197,127	281,918	427,641	492,396	591,557	390,854	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	1,323,387	1,189,910	242,156	168,609	234,640	218,422	168,826	164,414	0	0	0	0	0	0
total current liabilities	2,786,078	2,493,190	792,284	702,781	980,150	1,009,959	977,398	778,636	767,856	610,222	783,871	512,577	346,480	340,845
loans	356,194	677,777	400,000	400,000	400,000	400,000	400,000	400,000	0	0	0	19,207	29,335	36,997
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	83,240	258,804	0	0	0	0	0	0	0	0	0	47,465	47,485	47,465
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	439,434	936,581	400,000	400,000	400,000	400,000	400,000	400,000	0	0	0	66,672	76,820	84,462
total liabilities	3,225,512	3,429,771	1,192,284	1,102,781	1,380,150	1,409,959	1,377,398	1,178,636	767,856	610,222	783,871	579,249	423,300	425,307
net assets	719,181	526,344	484,529	246,094	217,793	181,628	148,087	113,327	345,904	365,445	248,087	137,918	22,233	21,589
total shareholders funds	719,181	526,344	484,529	246,094	217,793	181,628	148,087	113,327	345,904	365,445	248,087	137,918	22,233	21,589

	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	314,174	86,422	318,356	58,855	67,699	64,612	66,867	-220,985	-20,883	147,374	142,982	153,636	3,025	31,047
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	-64,279	-9,808	-55,929	-6,639	-8,483	-7,868	-8,154	0	0	-31,196	-32,908	-36,532	-226	-8,357
Stock	-83,193	30,657	19,948	-5,038	31,683	32,374	16,966	40,532	8,020	13,262	1,514	42,465	62,354	27,356
Debtors	4,697	2,518,239	434,219	-218,908	34,381	39,569	-70,941	151,504	89,761	-93,734	152,849	165,582	-63,435	419,225
Creditors	-5,121	99,380	100,747	-65,615	18,728	82,126	-6,353	-544,488	157,634	-173,649	271,294	166,097	5,635	340,845
Accruals and Deferred Income	133,477	947,754	73,547	-66,031	16,218	49,596	4,412	164,414	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	456,747	-1,425,148	-17,446	144,516	28,098	116,523	110,747	-793,095	38,970	23,001	227,005	75,154	9,515	-83,046
Investing Activities
capital expenditure	-12,021	-534	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,021	-534	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	164,532	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	653,772	-84,791	-145,723	-64,755	-99,161	200,703	390,854	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	-321,583	277,777	0	0	0	0	0	400,000	0	0	-19,207	-10,128	-7,662	36,997
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-175,564	258,804	0	0	0	0	0	0	0	0	-47,465	-20	20	47,465
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-57,058	-34,798	-23,992	-23,916	-23,051	-23,204	-23,954	-11,592	1,342	1,181	95	-1,419	-2,155	-1,201
cash flow from financing	-389,673	1,155,555	-108,783	-169,639	-87,806	-122,365	176,749	779,262	1,342	1,181	-66,577	-11,567	-9,797	83,361
cash and cash equivalents
cash	55,053	-270,128	-126,229	-25,122	-59,708	-5,841	287,497	-13,833	40,312	24,181	160,428	63,587	-282	315
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	55,053	-270,128	-126,229	-25,122	-59,708	-5,841	287,497	-13,833	40,312	24,181	160,428	63,587	-282	315

P&L

April 2023

turnover

7.3m

+6%

operating profit

314.2k

gross margin

16%

-14.04%

turnover

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

Balance Sheet

April 2023

net assets

719.2k

+0.37%

total assets

3.9m

cash

130.2k

+0.73%

net assets

Total assets minus all liabilities

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company number

05676190

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

January 2006

age

accounts

Total Exemption Full

ultimate parent company

XL ENGINEERING HOLDINGS LIMITED

previous names

xl engineering limited (June 2006)

xl engineering trading limited (April 2006)

incorporated

address

unit 19 moss lane, sandbach, CW11 3WZ

last accounts submitted

April 2022

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 5 charges/mortgages relating to xl engineering trading limited. Currently there are 3 open charges and 2 have been satisfied in the past.

xl engineering trading limited Company Information

xl engineering trading limited Estimated Valuation

xl engineering trading limited Estimated Valuation

xl engineering trading limited Estimated Valuation

Xl Engineering Trading Limited AI Business Plan

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