TONG ENGINEERING LIMITED

TONG ENGINEERING LIMITED, VALE ROAD, SPILSBY, LINCOLNSHIRE, PE23 5HE

Company Number: 01957036
Incorporation date: 11-Nov-1985
Status: Active
Entity type: Private Limited Company

SIC codes:
28302 Manufacture of agricultural and forestry machinery other than tractors

SUMMARY

This company is 38.5 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 7.5 million which has increased from GBP 7.3 million in the previous year. The latest reported revenue figure is GBP 17.6 million which is down -20% on the previous year. The company has 6 active officers (directors or partners) who are or were officers of 5 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 31-Oct-2024
Accounts Filed: FULL (31-Jan-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Jan-2023	GBP	17,648,408	374,909	493	116,844	-96,533	355,091
31-Jan-2022	GBP	21,061,730	1,057,768	168	75,047	146,980	829,909
31-Jan-2021	GBP	19,295,772	1,205,475	5,999	101,443	225,159	844,872
31-Jan-2020	GBP	18,329,687	969,281	3,511	50,867	98,385	811,540
31-Jan-2019	GBP	14,390,008	759,971	1,644	38,698	29,661	599,256
31-Jan-2018	GBP	13,861,624	593,279	120	42,254	25,105	503,040

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Jan-2023	GBP	404,283	7,459,128	5,069,756	1,997,688	157,500		7,215,856	7,518,356
31-Jan-2022	GBP	659,259	6,980,991	4,130,076	1,790,594	157,500		6,948,443	7,250,943
31-Jan-2021	GBP	2,779,449	7,583,870	2,979,539	1,993,042	157,500		5,952,058	6,254,558
31-Jan-2020	GBP	1,824,671	7,143,542	3,833,047	1,635,338	157,500	145,000	4,922,325	5,630,088
31-Jan-2019	GBP	1,418,227	6,635,325	3,074,836	-434,408	157,500	145,000	4,189,631	4,897,394
31-Jan-2018	GBP	613,515	4,775,815	1,814,387	96,312	157,500	145,000	3,500,991	4,208,754

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Active	Teresa Catherine MORGAN	28 Apr 2015	18 Apr 2024		1 - 0
Resigned	Douglas Hugh MCARTHUR	15 May 2002	28 Apr 2015	British	0 - 4
Resigned	Joan TONG		05 Feb 2019	British	0 - 4

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)
Active	Simon James LEE	27 Sep 2021		Sales Director	British	1 - 0
Active	Charles Madoc RICH	27 Sep 2021		Sales Director	British	1 - 0
Active	Neil MARTIN	02 Jan 2020		Operations Director	British	1 - 0
Active	Teresa Catherine MORGAN	02 Jan 2020		Finance Director	British	4 - 0
Active	Charles Edmund TONG	28 Apr 2015		Chairman	British	3 - 1
Active	Edward Charles TONG	28 Apr 2015		Managing Director	British	1 - 1
Resigned	Edward Charles TONG	07 Sep 2010	28 Apr 2015	Director	British	1 - 1
Resigned	Douglas Hugh MCARTHUR	02 Feb 2006	28 Apr 2015	Accountant	British	0 - 4
Resigned	Charles Edmund TONG		28 Apr 2015	Engineer	British	3 - 1
Resigned	Joan TONG		05 Feb 2019	Secretary	British	0 - 4
Resigned	Kenneth TONG		28 Jun 2012	Engineer	British	0 - 2

Number of active directors: 6
Average tenure of active directors: 5.3 years
Average tenure of resigned directors: 2.8 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Simon James LEE	Charles Madoc RICH	Neil MARTIN	Teresa Catherine MORGAN	Charles Edmund TONG	Edward Charles TONG
E.J.TONG & SONS(ENGINEERING)LIMITED (00791916) - Active					✔
PEAL ENGINEERING LIMITED (01554356) - Active					✔
TONG ENGINEERING LIMITED (01957036) - Active	✔	✔	✔	✔	✔	✔
TERRY JOHNSON LIMITED (02062273) - Active				✔
SWIFT LIFT SALES LIMITED (02887477) - Active				✔
TONG ENGINEERING GROUP LIMITED (15007251) - Active				✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2018-06-01	2016-06-01	2015-06-01	2014-06-01	2013-06-01
CHARLES EDMUND TONG	ORDINARY	70,000 44.4%	95,000 60.3%	95,000 60.3%	95,000 60.3%	95,000 60.3%
CHARLES EDMUND TONG	ORDINARY A	50,000 31.7%	50,000 31.7%	50,000 31.7%	50,000 31.7%	50,000 31.7%
EDWARD CHARLES TONG	ORDINARY	20,000 12.7%	0 0%	0 0%	0 0%	0 0%
IAN WHEELER	ORDINARY	12,500 7.94%	12,500 7.94%	12,500 7.94%	12,500 7.94%	12,500 7.94%
ALICE VICTORIA TONG	ORDINARY	5,000 3.17%	0 0%	0 0%	0 0%	0 0%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

25-50%:Mr Charles Edmund Tong - active
50%-75%:Mr Edward Charles Tong - active

Controlling entities above

TONG ENGINEERING LIMITED

Controlled companies below

>75%:PEAL ENGINEERING LIMITED (01554356 - UK) active
>75%:E.J.TONG & SONS(ENGINEERING)LIMITED (00791916 - UK) active
25-50%:VEGTECH MACHINERY LIMITED (10959786 - UK) active

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

No Court Cases found

PATENTS

Title	Date filed	Status	Publication number
Box tipper	2013-11-21	Granted	GB2520508
Cleaning root crops using reduced pressure	2013-01-03	Terminated	GB2509499

COMPETITORS

(Based on Sic code: 28302 Manufacture of agricultural and forestry machinery other than tractors)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
HUSQVARNA UK LIMITED	PRESTON ROAD, AYCLIFFE INDUSTRIAL PARK, NEWTON AYCLIFFE, COUNTY DURHAM, DL5 6UP	00974979	2017-12-31	206,497,000	3,959,000	46690-Wholesale of other machinery and equipment
PRJ ENGINEERING LIMITED	NEWTON FARM, LEWANNICK, LAUNCESTON, CORNWALL, PL15 7QH	04636428	2018-03-31	1,053,539	0
WACAPOL MILLS LTD	7400 DARESBURY PARK, DARESBURY, WARRINGTON, CHESHIRE, WA4 4BS	07654875	2018-03-31	315,632	0
SPRAYTECH EUROPE LIMITED	3 JASMINE HOUSE WOBURN PARK, WOBURN HILL, ADDLESTONE, SURREY, KT15 2NZ	05251919	2018-12-31	38,520	0
APPLIED PROTECTION GUARDS LIMITED	SUITE 32 CAMBRIDGE ROAD, BABRAHAM, CAMBRIDGE, ENGLAND, CB22 3AF	09259226	2018-10-31	6,222	0
SPRAYCARE LIMITED	SPRAYCARE LIMITED, ROUGHTON MOOR, WOODHALL SPA, LINCOLNSHIRE, ENGLAND, LN10 6YQ	05642957	2018-12-31	0	0
HOUSEHAM SPRAYERS LIMITED	HOUSEHAM SPRAYERS LIMITED, ROUGHTON MOOR, WOODHALL SPA, LINCOLNSHIRE, ENGLAND, LN10 6YQ	02651880	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
TONG ENGINEERING LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	Too few competitors


Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.2%	6.7%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium