Aj Engineering Services Limited
Registered name: AJ ENGINEERING SERVICES LIMITED
Part of Auto Conversions Ltd groupAj Engineering Services Limited made £3.4m revenue and £131k profit in the year to 31 Dec 2022.
Aj Engineering Services Limited’s revenue fell 1% to £3.4m in the year to 31 Dec 2022, with £131k profit and 22 employees. The company is classified under “manufacture of other transport equipment” and is based in Openshaw; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Openshaw, North West
- Age
- 22 yrs · since 2004
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £3.5m | £3.4m |
| Cost of sales | £2.1m | £2.4m |
| Gross profit | £1.3m | £1.1m |
| Operating profit | £404k | £161k |
| Profit before tax | £404k | £161k |
| Profit after tax | £328k | £131k |
| Profit (best available) | £328k | £131k |
| Employees (average) | 22 | 22 |
| Ratios | ||
| Profit margin | 9.4% | 3.8% |
| Gross margin | 38.4% | 30.5% |
| Revenue per employee | £158k | £157k |
| Profit per employee | £14.9k | £5.9k |
| Growth (year on year) | ||
| Revenue growth | — | ▼0.7% |
| Profit growth | — | ▼60.2% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.3m | £1.3m |
| Net assets | £2m | £2.2m |
| Fixed assets | £3.1k | £4.8k |
| Current assets | £2.5m | £3.8m |
| Debtors | £820k | £1.9m |
| Deferred income | £136k | £133k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 |
How the business works
- Profit margin
- 3.8%
- Profit ÷ revenue.
- Gross margin
- 30.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £157k
- Revenue ÷ average employees.
- Profit per employee
- £5.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 55.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲6%
- Now £2.2m
- Cash at bank
- ▲4%
- Now £1.3m
- Headcount
- 0%
- Now 22
- Deferred income
- ▼2%
- Now £133k
- Fixed assets
- ▲56%
- Now £4.8k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Auto Conversions Ltd (registered outside the UK register)ultimate parent75–100%
- Aj Engineering Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Howells Railway Products LimitedWythenshawe · Manufacture of other transport equipment n.e.c.
- Revenue
- £4.8m
- Profit
- £118k
- Staff
- 42
- Abax UK LimitedPeterborough · Manufacture of other transport equipment n.e.c.
- Revenue
- £5.6m
- Profit
- £284k
- Staff
- 29
- Isringhausen (G.B) LimitedWrexham · Manufacture of other transport equipment n.e.c.
- Revenue
- £9.4m
- Profit
- £372k
- Staff
- 86
Sources
Latest figures from FullAccounts for the year to 31 Dec 2022 (profit £131k), from the Companies House accounts bulk data published Nov 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.