abp technologies ltd
abp technologies ltd Company Information
Company Number
00889363
Website
www.abprecision.co.ukRegistered Address
unit 15c blackpole east, blackpole road, worcester, WR3 8YB
Industry
Manufacture of other general-purpose machinery n.e.c.
Telephone
441202665000
Next Accounts Due
December 2024
Group Structure
View All
Directors
John Harris22 Years
Shareholders
argentar ltd 100%
abp technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of ABP TECHNOLOGIES LTD at £1.4m based on a Turnover of £3.1m and 0.47x industry multiple (adjusted for size and gross margin).
abp technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of ABP TECHNOLOGIES LTD at £388.4k based on an EBITDA of £101.2k and a 3.84x industry multiple (adjusted for size and gross margin).
abp technologies ltd Estimated Valuation
Pomanda estimates the enterprise value of ABP TECHNOLOGIES LTD at £303.3k based on Net Assets of £176.5k and 1.72x industry multiple (adjusted for liquidity).
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Abp Technologies Ltd Overview
Abp Technologies Ltd is a live company located in worcester, WR3 8YB with a Companies House number of 00889363. It operates in the manufacture of other general-purpose machinery n.e.c. sector, SIC Code 28290. Founded in October 1966, it's largest shareholder is argentar ltd with a 100% stake. Abp Technologies Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.
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Abp Technologies Ltd Health Check
Pomanda's financial health check has awarded Abp Technologies Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£12.7m)
- Abp Technologies Ltd
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5.5%)
- Abp Technologies Ltd
5.5% - Industry AVG
Production
with a gross margin of 28.6%, this company has a comparable cost of product (28.6%)
- Abp Technologies Ltd
28.6% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (7.2%)
- Abp Technologies Ltd
7.2% - Industry AVG
Employees
with 36 employees, this is below the industry average (66)
36 - Abp Technologies Ltd
66 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Abp Technologies Ltd
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £84.9k, this is less efficient (£149.1k)
- Abp Technologies Ltd
£149.1k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (68 days)
- Abp Technologies Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (54 days)
- Abp Technologies Ltd
54 days - Industry AVG
Stock Days
it holds stock equivalent to 216 days, this is more than average (104 days)
- Abp Technologies Ltd
104 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (9 weeks)
5 weeks - Abp Technologies Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.1%, this is a higher level of debt than the average (43.9%)
93.1% - Abp Technologies Ltd
43.9% - Industry AVG
abp technologies ltd Credit Report and Business Information
Abp Technologies Ltd Competitor Analysis
Perform a competitor analysis for abp technologies ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
abp technologies ltd Ownership
ABP TECHNOLOGIES LTD group structure
Abp Technologies Ltd has no subsidiary companies.
abp technologies ltd directors
Abp Technologies Ltd currently has 1 director, Mr John Harris serving since Nov 2001.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Harris | England | 77 years | Nov 2001 | - | Director |
ABP TECHNOLOGIES LTD financials
Abp Technologies Ltd's latest turnover from March 2023 is estimated at £3.1 million and the company has net assets of £176.5 thousand. According to their latest financial statements, Abp Technologies Ltd has 36 employees and maintains cash reserves of £241 thousand 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 | 4,601,047 | 4,796,113 | 7,375,066 | 10,888,345 | 9,074,121 | 14,335,899 | 12,755,901 | 12,184,335 | 9,935,576 | 10,970,074 | 13,365,818 | 8,850,644 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 4,266,777 | 3,877,898 | 6,938,794 | 8,133,471 | 6,481,829 | 9,774,245 | 8,970,252 | 8,246,541 | 6,954,749 | 7,151,989 | 9,128,424 | 6,396,857 | ||
| Gross Profit | 334,270 | 918,215 | 436,272 | 2,754,874 | 2,592,292 | 4,561,654 | 3,785,649 | 3,937,794 | 2,980,827 | 3,818,085 | 4,237,394 | 2,453,787 | ||
| Admin Expenses | 1,703,812 | 1,857,407 | 2,876,040 | 3,064,622 | 2,267,343 | 2,833,796 | 2,675,849 | 2,409,834 | 2,156,597 | 2,310,256 | 2,330,579 | 1,794,338 | ||
| Operating Profit | -1,369,542 | -939,192 | -2,439,768 | -309,748 | 324,949 | 1,727,858 | 1,109,800 | 1,527,960 | 824,230 | 1,507,829 | 1,906,815 | 659,449 | ||
| Interest Payable | 336,132 | 453,669 | 480,267 | 455,143 | 393,665 | 123,970 | 4,715 | 1,777 | 2,471 | 0 | 2,989 | 2,746 | ||
| Interest Receivable | 2,107 | 41,719 | 122,999 | 86,322 | 88,589 | 51,487 | 78,624 | 90,560 | 89,778 | 38,153 | 37,009 | |||
| Pre-Tax Profit | -1,703,567 | -1,351,142 | -2,797,036 | -660,193 | 17,606 | 1,692,477 | 1,156,572 | 1,604,807 | 912,319 | 1,597,607 | 1,941,979 | 693,712 | ||
| Tax | 130,535 | 545,557 | 484,825 | 174,830 | 8,256 | -283,529 | -189,153 | -353,290 | -200,173 | -406,088 | -532,520 | -177,636 | ||
| Profit After Tax | -1,573,032 | -805,585 | -2,312,211 | -485,363 | 25,862 | 1,408,948 | 967,419 | 1,251,517 | 712,146 | 1,191,519 | 1,409,459 | 516,076 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,894,719 | 1,497,013 | 665,002 | 1,030,047 | 253,860 | ||
| Retained Profit | -1,573,032 | -805,585 | -2,312,211 | -485,363 | 25,862 | 1,408,948 | 967,419 | -2,643,202 | -784,867 | 526,517 | 379,412 | 262,216 | ||
| Employee Costs | 2,367,782 | 2,370,635 | 3,446,531 | 3,379,167 | 3,176,401 | 3,825,203 | 3,596,062 | 3,522,482 | 3,413,481 | 3,710,849 | 2,950,697 | 3,394,655 | ||
| Number Of Employees | 36 | 39 | 49 | 53 | 74 | 82 | 76 | 78 | 74 | 71 | 72 | 72 | 76 | 73 |
| EBITDA* | -1,339,451 | -879,441 | -2,350,345 | -194,623 | 419,163 | 1,810,935 | 1,169,623 | 1,559,457 | 851,613 | 1,537,467 | 1,936,428 | 696,990 |
* 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 | 38,721 | 43,228 | 60,394 | 87,776 | 127,865 | 210,339 | 226,473 | 233,403 | 220,569 | 174,154 | 118,392 | 130,317 | 144,341 | 162,551 |
| 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 | 776,000 | 907,000 | 1,038,000 |
| Total Fixed Assets | 38,721 | 43,228 | 60,394 | 87,776 | 127,865 | 210,339 | 226,473 | 233,403 | 220,569 | 174,154 | 118,392 | 906,317 | 1,051,341 | 1,200,551 |
| Stock & work in progress | 1,295,390 | 1,151,158 | 1,678,119 | 2,437,429 | 1,732,057 | 1,928,864 | 1,449,386 | 1,601,113 | 1,482,837 | 1,344,096 | 1,306,417 | 1,142,489 | 1,476,009 | 1,650,058 |
| Trade Debtors | 191,615 | 220,625 | 524,407 | 457,491 | 582,213 | 3,885,275 | 1,354,365 | 1,955,373 | 2,235,027 | 2,885,498 | 1,363,500 | 735,531 | 1,943,829 | 625,911 |
| Group Debtors | 0 | 0 | 144,000 | 697,591 | 4,025,013 | 0 | 4,268,512 | 87,193 | 20,325 | 20,364 | 39,810 | 164,779 | 159,930 | 1,184,089 |
| Misc Debtors | 807,311 | 339,221 | 399,317 | 1,030,842 | 1,068,290 | 0 | 585,793 | 328,783 | 319,293 | 101,627 | 184,981 | 140,369 | 112,592 | 112,099 |
| Cash | 240,974 | 165,176 | 123,768 | 486,045 | 34,148 | 887,614 | 127,186 | 3,924,832 | 1,583,371 | 224,062 | 2,000,083 | 3,840,829 | 882,052 | 550,499 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,789 | 0 | 0 | 0 |
| total current assets | 2,535,290 | 1,876,180 | 2,869,611 | 5,109,398 | 7,441,721 | 13,052,349 | 7,785,242 | 7,897,294 | 5,640,853 | 4,575,647 | 4,905,580 | 6,023,997 | 4,574,412 | 4,122,656 |
| total assets | 2,574,011 | 1,919,408 | 2,930,005 | 5,197,174 | 7,569,586 | 13,262,688 | 8,011,715 | 8,130,697 | 5,861,422 | 4,749,801 | 5,023,972 | 6,930,314 | 5,625,753 | 5,323,207 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 4,504 | 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 | 721,757 | 513,735 | 855,207 | 873,867 | 1,659,926 | 2,310,751 | 1,552,373 | 1,478,629 | 2,352,873 | 1,728,767 | 1,239,424 | 1,946,551 | 1,118,908 | 1,114,602 |
| Group/Directors Accounts | 282,173 | 120,000 | 2,823,243 | 3,088,772 | 221,475 | 0 | 333,770 | 302,044 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 969 | 0 | 0 | 0 | 2,654,231 | 2,709,368 | 1,742,141 | 940,745 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 9,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,369,672 | 1,139,804 | 1,410,965 | 1,919,690 | 2,928,589 | 0 | 1,125,634 | 1,693,863 | 2,063,125 | 2,552,232 | 650,249 | 1,030,708 | 1,146,084 | 1,231,040 |
| total current liabilities | 2,384,060 | 1,773,539 | 5,089,415 | 5,882,329 | 7,464,221 | 10,870,938 | 4,758,422 | 4,415,281 | 4,415,998 | 4,280,999 | 1,889,673 | 2,977,259 | 2,264,992 | 2,345,642 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 387,829 | 907,728 | 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 | 13,491 | 41,425 | 225,994 | 127,217 | 112,152 | 0 | 74,677 | 42,763 | 89,447 | 80,244 | 102,539 | 136,428 | 70,651 | 66,867 |
| total long term liabilities | 13,491 | 41,425 | 225,994 | 127,217 | 112,152 | 86,326 | 462,506 | 950,491 | 89,447 | 80,244 | 102,539 | 136,428 | 70,651 | 66,867 |
| total liabilities | 2,397,551 | 1,814,964 | 5,315,409 | 6,009,546 | 7,576,373 | 10,957,264 | 5,220,928 | 5,365,772 | 4,505,445 | 4,361,243 | 1,992,212 | 3,113,687 | 2,335,643 | 2,412,509 |
| net assets | 176,460 | 104,444 | -2,385,404 | -812,372 | -6,787 | 2,305,424 | 2,790,787 | 2,764,925 | 1,355,977 | 388,558 | 3,031,760 | 3,816,627 | 3,290,110 | 2,910,698 |
| total shareholders funds | 176,460 | 104,444 | -2,385,404 | -812,372 | -6,787 | 2,305,424 | 2,790,787 | 2,764,925 | 1,355,977 | 388,558 | 3,031,760 | 3,816,627 | 3,290,110 | 2,910,698 |
| 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 | -1,369,542 | -939,192 | -2,439,768 | -309,748 | 324,949 | 1,727,858 | 1,109,800 | 1,527,960 | 824,230 | 1,507,829 | 1,906,815 | 659,449 | ||
| Depreciation | 20,836 | 20,887 | 30,091 | 59,751 | 89,423 | 115,125 | 94,214 | 83,077 | 59,823 | 31,497 | 27,383 | 29,638 | 29,613 | 37,541 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 130,535 | 545,557 | 484,825 | 174,830 | 8,256 | -283,529 | -189,153 | -353,290 | -200,173 | -406,088 | -532,520 | -177,636 | ||
| Stock | 144,232 | -526,961 | -759,310 | 705,372 | -196,807 | 479,478 | -151,727 | 118,276 | 138,741 | 37,679 | 163,928 | -333,520 | -174,049 | 1,650,058 |
| Debtors | 439,080 | -507,878 | -1,118,200 | -3,489,592 | 1,790,241 | -2,323,395 | 3,837,321 | -203,296 | -432,844 | 1,419,198 | -228,388 | -1,306,672 | 163,252 | 2,960,099 |
| Creditors | 208,022 | -341,472 | -18,660 | -786,059 | -650,825 | 758,378 | 73,744 | -874,244 | 624,106 | 489,343 | -707,127 | 827,643 | 4,306 | 1,114,602 |
| Accruals and Deferred Income | 229,868 | -271,161 | -508,725 | -1,008,899 | 2,928,589 | -1,125,634 | -568,229 | -369,262 | -489,107 | 1,901,983 | -380,459 | -115,376 | -84,956 | 1,231,040 |
| Deferred Taxes & Provisions | -27,934 | -184,569 | 98,777 | 15,065 | 112,152 | -74,677 | 31,914 | -46,684 | 9,203 | -22,295 | -33,889 | 65,777 | 3,784 | 66,867 |
| Cash flow from operations | 239,986 | 670,443 | -1,069,038 | -3,720,746 | 322,236 | 1,418,775 | 2,118,321 | -405,575 | 3,549,615 | 1,337,839 | -1,678,294 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 162,173 | -2,703,243 | -265,529 | 2,867,297 | 221,475 | -333,770 | 31,726 | 302,044 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 969 | 0 | 0 | -2,654,231 | -55,137 | 967,227 | 801,396 | 940,745 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -387,829 | -519,899 | 907,728 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 9,489 | 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 | -334,025 | -411,950 | -357,268 | -307,343 | -35,381 | 46,772 | 76,847 | 88,089 | 89,778 | 35,164 | 34,263 | |||
| cash flow from financing | -599,554 | -198,884 | -190,930 | 5,880 | 2,115,136 | 46,772 | 76,847 | 88,089 | 89,778 | 35,164 | 2,682,745 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 75,798 | 41,408 | -362,277 | 451,897 | -853,466 | 760,428 | -3,797,646 | 2,341,461 | 1,359,309 | -1,776,021 | -1,840,746 | 2,958,777 | 331,553 | 550,499 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -4,504 | 4,504 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 75,798 | 41,408 | -362,277 | 451,897 | -853,466 | 764,932 | -3,802,150 | 2,341,461 | 1,359,309 | -1,776,021 | -1,840,746 | 2,958,777 | 331,553 | 550,499 |
P&L
March 2023turnover
3.1m
+2%
operating profit
80.3k
0%
gross margin
28.7%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
176.5k
+0.69%
total assets
2.6m
+0.34%
cash
241k
+0.46%
net assets
Total assets minus all liabilities
abp technologies ltd company details
company number
00889363
Type
Private limited with Share Capital
industry
28290 - Manufacture of other general-purpose machinery n.e.c.
incorporation date
October 1966
age
58
accounts
Small Company
ultimate parent company
previous names
a.b. precision (poole) limited (February 2022)
incorporated
UK
address
unit 15c blackpole east, blackpole road, worcester, WR3 8YB
last accounts submitted
March 2023
abp technologies 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 23 charges/mortgages relating to abp technologies ltd. Currently there are 2 open charges and 21 have been satisfied in the past.
abp technologies ltd Companies House Filings - See Documents
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