hawker siddeley switchgear limited
hawker siddeley switchgear limited Company Information
Company Number
00370559
Website
https://www.hss-ltd.comRegistered Address
nottingham road, loughborough, leicestershire, LE11 1EX
Industry
Manufacture of electric motors, generators and transformers
Telephone
01495223001
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
brush power distribution ltd 100%
hawker siddeley switchgear limited Estimated Valuation
Pomanda estimates the enterprise value of HAWKER SIDDELEY SWITCHGEAR LIMITED at £34.5m based on a Turnover of £35.7m and 0.97x industry multiple (adjusted for size and gross margin).
hawker siddeley switchgear limited Estimated Valuation
Pomanda estimates the enterprise value of HAWKER SIDDELEY SWITCHGEAR LIMITED at £8.6m based on an EBITDA of £1.3m and a 6.73x industry multiple (adjusted for size and gross margin).
hawker siddeley switchgear limited Estimated Valuation
Pomanda estimates the enterprise value of HAWKER SIDDELEY SWITCHGEAR LIMITED at £11.4m based on Net Assets of £4.7m and 2.4x industry multiple (adjusted for liquidity).
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Hawker Siddeley Switchgear Limited Overview
Hawker Siddeley Switchgear Limited is a live company located in leicestershire, LE11 1EX with a Companies House number of 00370559. It operates in the manufacture of electric motors, generators and transformers sector, SIC Code 27110. Founded in November 1941, it's largest shareholder is brush power distribution ltd with a 100% stake. Hawker Siddeley Switchgear Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.7m with declining growth in recent years.
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Hawker Siddeley Switchgear Limited Health Check
Pomanda's financial health check has awarded Hawker Siddeley Switchgear Limited 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 £35.7m, make it larger than the average company (£17.8m)
£35.7m - Hawker Siddeley Switchgear Limited
£17.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3.7%)
-5% - Hawker Siddeley Switchgear Limited
3.7% - Industry AVG
Production
with a gross margin of 12.5%, this company has a higher cost of product (23.2%)
12.5% - Hawker Siddeley Switchgear Limited
23.2% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (2.6%)
1.1% - Hawker Siddeley Switchgear Limited
2.6% - Industry AVG
Employees
with 200 employees, this is above the industry average (113)
200 - Hawker Siddeley Switchgear Limited
113 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.9k)
£46.3k - Hawker Siddeley Switchgear Limited
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £178.5k, this is equally as efficient (£166.3k)
£178.5k - Hawker Siddeley Switchgear Limited
£166.3k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (59 days)
63 days - Hawker Siddeley Switchgear Limited
59 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hawker Siddeley Switchgear Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 58 days, this is less than average (99 days)
58 days - Hawker Siddeley Switchgear Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (11 weeks)
28 weeks - Hawker Siddeley Switchgear Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.4%, this is a higher level of debt than the average (63%)
81.4% - Hawker Siddeley Switchgear Limited
63% - Industry AVG
HAWKER SIDDELEY SWITCHGEAR LIMITED financials
Hawker Siddeley Switchgear Limited's latest turnover from December 2022 is £35.7 million and the company has net assets of £4.7 million. According to their latest financial statements, Hawker Siddeley Switchgear Limited has 200 employees and maintains cash reserves of £4.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,696,000 | 35,046,000 | 41,401,000 | 41,540,000 | 50,640,000 | 43,766,000 | 41,508,000 | 43,056,000 | 49,475,000 | 51,314,000 | 46,772,000 | 52,966,000 | 44,839,000 | 40,845,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 31,242,000 | 29,319,000 | 33,858,000 | 34,297,000 | 39,115,000 | 33,834,000 | 31,111,000 | 29,997,000 | 33,957,000 | 37,030,000 | 33,739,000 | 40,439,000 | 33,598,000 | 30,724,000 |
| Gross Profit | 4,454,000 | 5,727,000 | 7,543,000 | 7,243,000 | 11,525,000 | 9,932,000 | 10,397,000 | 13,059,000 | 15,518,000 | 14,284,000 | 13,033,000 | 12,527,000 | 11,241,000 | 10,121,000 |
| Admin Expenses | 4,059,000 | 6,257,000 | 5,487,000 | 6,179,000 | 5,664,000 | 4,162,000 | 5,398,000 | 5,982,000 | 9,456,000 | 5,584,000 | 5,141,000 | 7,175,000 | 4,577,000 | 5,215,000 |
| Operating Profit | 395,000 | -530,000 | 2,056,000 | 1,064,000 | 5,861,000 | 5,770,000 | 4,999,000 | 7,077,000 | 6,062,000 | 8,700,000 | 7,892,000 | 5,352,000 | 6,664,000 | 4,906,000 |
| Interest Payable | 468,000 | 284,000 | 69,000 | 90,000 | 1,000 | 2,000 | 3,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 12,000 | 23,000 | 20,000 | 17,000 | 48,000 | 139,000 | 162,000 | 142,000 | 125,000 | 115,000 | 81,000 | 288,000 |
| Pre-Tax Profit | -73,000 | -814,000 | 1,999,000 | 997,000 | 6,188,000 | 6,393,000 | 5,902,000 | 7,556,000 | 10,771,000 | 10,065,000 | 8,225,000 | 3,633,000 | 7,030,000 | 5,165,000 |
| Tax | -442,000 | 252,000 | 268,000 | 53,000 | -75,000 | -361,000 | -276,000 | -231,000 | -366,000 | 0 | 0 | 0 | 0 | 170,000 |
| Profit After Tax | -515,000 | -562,000 | 2,267,000 | 1,050,000 | 6,113,000 | 6,032,000 | 5,626,000 | 7,325,000 | 10,405,000 | 10,065,000 | 8,225,000 | 3,633,000 | 7,030,000 | 5,335,000 |
| Dividends Paid | 0 | 0 | 8,800,000 | 5,000,000 | 4,500,000 | 5,500,000 | 50,000,000 | 9,800,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -515,000 | -562,000 | -6,533,000 | -3,950,000 | 1,613,000 | 532,000 | -44,374,000 | -2,475,000 | 10,405,000 | 10,065,000 | 8,225,000 | 3,633,000 | 7,030,000 | 5,335,000 |
| Employee Costs | 9,262,000 | 8,760,000 | 9,730,000 | 10,295,000 | 9,758,000 | 8,786,000 | 9,477,000 | 9,724,000 | 8,651,000 | 7,934,000 | 7,562,000 | 9,381,000 | 8,378,000 | 8,254,000 |
| Number Of Employees | 200 | 205 | 234 | 243 | 229 | 225 | 255 | 274 | 255 | 238 | 239 | 300 | 279 | 293 |
| EBITDA* | 1,277,000 | 721,000 | 3,042,000 | 2,042,000 | 6,305,000 | 6,184,000 | 5,514,000 | 7,596,000 | 6,540,000 | 9,033,000 | 8,186,000 | 5,653,000 | 6,936,000 | 5,174,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,379,000 | 7,895,000 | 4,354,000 | 5,159,000 | 2,457,000 | 2,720,000 | 2,704,000 | 2,968,000 | 2,749,000 | 2,572,000 | 1,912,000 | 2,012,000 | 1,604,000 | 1,552,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 355,000 | 785,000 | 268,000 | 0 | 0 | 0 | 26,000 | 0 | 148,000 | 2,891,000 | 2,891,000 | 2,891,000 | 4,233,000 | 3,349,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,734,000 | 8,680,000 | 4,622,000 | 5,159,000 | 2,457,000 | 2,720,000 | 2,730,000 | 2,968,000 | 2,897,000 | 5,463,000 | 4,803,000 | 4,903,000 | 5,837,000 | 4,901,000 |
| Stock & work in progress | 4,992,000 | 5,035,000 | 3,618,000 | 3,718,000 | 4,544,000 | 4,019,000 | 3,143,000 | 3,129,000 | 2,982,000 | 2,709,000 | 2,739,000 | 3,920,000 | 4,596,000 | 4,423,000 |
| Trade Debtors | 6,231,000 | 7,799,000 | 5,008,000 | 6,968,000 | 11,483,000 | 8,714,000 | 9,522,000 | 10,495,000 | 5,990,000 | 8,862,000 | 7,668,000 | 7,587,000 | 5,959,000 | 5,515,000 |
| Group Debtors | 65,000 | 502,000 | 283,000 | 598,000 | 1,700,000 | 573,000 | 1,733,000 | 50,473,000 | 49,723,000 | 52,662,000 | 46,941,000 | 47,662,000 | 44,327,000 | 14,218,000 |
| Misc Debtors | 794,000 | 599,000 | 488,000 | 867,000 | 1,221,000 | 850,000 | 1,101,000 | 601,000 | 433,000 | 156,000 | 89,000 | 92,000 | 84,000 | 92,000 |
| Cash | 4,689,000 | 1,781,000 | 884,000 | 6,092,000 | 5,034,000 | 7,980,000 | 7,552,000 | 1,922,000 | 9,299,000 | 12,805,000 | 10,010,000 | 4,011,000 | 3,397,000 | 4,801,000 |
| misc current assets | 0 | 9,000 | 0 | 0 | 43,000 | 15,000 | 19,000 | 31,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,771,000 | 15,725,000 | 10,281,000 | 18,243,000 | 24,025,000 | 22,151,000 | 23,070,000 | 66,651,000 | 68,427,000 | 77,194,000 | 67,447,000 | 63,272,000 | 58,363,000 | 29,049,000 |
| total assets | 25,505,000 | 24,405,000 | 14,903,000 | 23,402,000 | 26,482,000 | 24,871,000 | 25,800,000 | 69,619,000 | 71,324,000 | 82,657,000 | 72,250,000 | 68,175,000 | 64,200,000 | 33,950,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 155,000 | 51,000 | 0 | 40,000 | 69,000 | 121,000 | 21,000 | 102,000 | 65,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 1,301,000 | 3,568,000 | 6,010,000 | 7,511,000 | 7,182,000 | 6,433,000 | 5,073,000 | 7,060,000 | 5,510,000 | 5,834,000 | 5,331,000 | 4,194,000 |
| Group/Directors Accounts | 0 | 0 | 1,482,000 | 1,097,000 | 601,000 | 29,000 | 75,000 | 201,000 | 10,000 | 21,371,000 | 22,501,000 | 23,781,000 | 25,013,000 | 2,891,000 |
| other short term finances | 0 | 0 | 392,000 | 642,000 | 242,000 | 38,000 | 45,000 | 0 | 11,000 | 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 | 8,565,000 | 12,513,000 | 3,429,000 | 3,835,000 | 3,652,000 | 2,788,000 | 4,172,000 | 4,216,000 | 4,284,000 | 2,564,000 | 2,964,000 | 3,652,000 | 3,681,000 | 4,189,000 |
| total current liabilities | 8,565,000 | 12,513,000 | 6,604,000 | 9,142,000 | 10,505,000 | 10,521,000 | 11,525,000 | 10,850,000 | 9,418,000 | 31,064,000 | 31,096,000 | 33,288,000 | 34,127,000 | 11,339,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,404,000 | 4,218,000 | 2,191,000 | 2,646,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 38,000 | 36,000 | 0 | 0 | 0 | 0 | 0 | 7,000 | 346,000 | 433,000 | 0 | 0 | 0 | 0 |
| other liabilities | 5,987,000 | 4,145,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,766,000 | 2,477,000 | 1,002,000 | 10,000 | 350,000 | 375,000 | 838,000 | 915,000 | 1,254,000 | 1,254,000 | 1,313,000 | 3,271,000 | 2,090,000 | 1,658,000 |
| total long term liabilities | 12,195,000 | 10,876,000 | 3,193,000 | 2,656,000 | 350,000 | 375,000 | 838,000 | 922,000 | 1,600,000 | 1,687,000 | 1,313,000 | 3,271,000 | 2,090,000 | 1,658,000 |
| total liabilities | 20,760,000 | 23,389,000 | 9,797,000 | 11,798,000 | 10,855,000 | 10,896,000 | 12,363,000 | 11,772,000 | 11,018,000 | 32,751,000 | 32,409,000 | 36,559,000 | 36,217,000 | 12,997,000 |
| net assets | 4,745,000 | 1,016,000 | 5,106,000 | 11,604,000 | 15,627,000 | 13,975,000 | 13,437,000 | 57,847,000 | 60,306,000 | 49,906,000 | 39,841,000 | 31,616,000 | 27,983,000 | 20,953,000 |
| total shareholders funds | 4,745,000 | 1,016,000 | 5,106,000 | 11,604,000 | 15,627,000 | 13,975,000 | 13,437,000 | 57,847,000 | 60,306,000 | 49,906,000 | 39,841,000 | 31,616,000 | 27,983,000 | 20,953,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 395,000 | -530,000 | 2,056,000 | 1,064,000 | 5,861,000 | 5,770,000 | 4,999,000 | 7,077,000 | 6,062,000 | 8,700,000 | 7,892,000 | 5,352,000 | 6,664,000 | 4,906,000 |
| Depreciation | 882,000 | 1,251,000 | 986,000 | 978,000 | 444,000 | 414,000 | 515,000 | 519,000 | 478,000 | 333,000 | 294,000 | 301,000 | 272,000 | 268,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -442,000 | 252,000 | 268,000 | 53,000 | -75,000 | -361,000 | -276,000 | -231,000 | -366,000 | 0 | 0 | 0 | 0 | 170,000 |
| Stock | -43,000 | 1,417,000 | -100,000 | -826,000 | 525,000 | 876,000 | 14,000 | 147,000 | 273,000 | -30,000 | -1,181,000 | -676,000 | 173,000 | 4,423,000 |
| Debtors | -1,810,000 | 3,121,000 | -2,654,000 | -5,971,000 | 4,267,000 | -2,219,000 | -49,213,000 | 5,423,000 | -5,534,000 | 6,982,000 | -643,000 | 4,971,000 | 30,545,000 | 19,825,000 |
| Creditors | 0 | -1,301,000 | -2,267,000 | -2,442,000 | -1,501,000 | 329,000 | 749,000 | 1,360,000 | -1,987,000 | 1,550,000 | -324,000 | 503,000 | 1,137,000 | 4,194,000 |
| Accruals and Deferred Income | -3,946,000 | 9,120,000 | -406,000 | 183,000 | 864,000 | -1,384,000 | -51,000 | -407,000 | 1,633,000 | 33,000 | -688,000 | -29,000 | -508,000 | 4,189,000 |
| Deferred Taxes & Provisions | -711,000 | 1,475,000 | 992,000 | -340,000 | -25,000 | -463,000 | -77,000 | -339,000 | 0 | -59,000 | -1,958,000 | 1,181,000 | 432,000 | 1,658,000 |
| Cash flow from operations | -1,969,000 | 5,729,000 | 4,383,000 | 6,293,000 | 776,000 | 5,648,000 | 55,058,000 | 2,409,000 | 11,081,000 | 3,605,000 | 7,040,000 | 3,013,000 | -22,721,000 | -8,863,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | ||||||||||||
| Change in Investments | -430,000 | 517,000 | 268,000 | 0 | 0 | -26,000 | 26,000 | -148,000 | -2,743,000 | 0 | 0 | -1,342,000 | 884,000 | 3,349,000 |
| cash flow from investments | 430,000 | -517,000 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -1,482,000 | 385,000 | 496,000 | 572,000 | -46,000 | -126,000 | 191,000 | -21,361,000 | -1,130,000 | -1,280,000 | -1,232,000 | 22,122,000 | 2,891,000 |
| Other Short Term Loans | 0 | -392,000 | -250,000 | 400,000 | 204,000 | -7,000 | 45,000 | -11,000 | 11,000 | 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 | 186,000 | 2,027,000 | -455,000 | 2,646,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,842,000 | 4,145,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -468,000 | -284,000 | -57,000 | -67,000 | 19,000 | 15,000 | 45,000 | 137,000 | 162,000 | 142,000 | 125,000 | 115,000 | 81,000 | 288,000 |
| cash flow from financing | 5,804,000 | 486,000 | -342,000 | 3,402,000 | 834,000 | -32,000 | -72,000 | 333,000 | -21,193,000 | -988,000 | -1,155,000 | -1,117,000 | 22,203,000 | 18,797,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,908,000 | 897,000 | -5,208,000 | 1,058,000 | -2,946,000 | 428,000 | 5,630,000 | -7,377,000 | -3,506,000 | 2,795,000 | 5,999,000 | 614,000 | -1,404,000 | 4,801,000 |
| overdraft | 0 | 0 | 0 | 0 | -155,000 | 104,000 | 51,000 | -40,000 | -29,000 | -52,000 | 100,000 | -81,000 | 37,000 | 65,000 |
| change in cash | 2,908,000 | 897,000 | -5,208,000 | 1,058,000 | -2,791,000 | 324,000 | 5,579,000 | -7,337,000 | -3,477,000 | 2,847,000 | 5,899,000 | 695,000 | -1,441,000 | 4,736,000 |
hawker siddeley switchgear limited Credit Report and Business Information
Hawker Siddeley Switchgear Limited Competitor Analysis
Perform a competitor analysis for hawker siddeley switchgear limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hawker siddeley switchgear limited Ownership
HAWKER SIDDELEY SWITCHGEAR LIMITED group structure
Hawker Siddeley Switchgear Limited has 1 subsidiary company.
Ultimate parent company
BRUSH JERSEY HOLDCO IV LTD
#0155459
2 parents
HAWKER SIDDELEY SWITCHGEAR LIMITED
00370559
1 subsidiary
hawker siddeley switchgear limited directors
Hawker Siddeley Switchgear Limited currently has 4 directors. The longest serving directors include Mr Christopher Abbott (Aug 2018) and Mr Nicolas Pitrat (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Abbott | England | 62 years | Aug 2018 | - | Director |
| Mr Nicolas Pitrat | United Kingdom | 47 years | Jun 2021 | - | Director |
| Mr Benjamin Hewitson | England | 49 years | Jun 2021 | - | Director |
| Miss Stephanie Woodmass | United Kingdom | 46 years | Apr 2023 | - | Director |
P&L
December 2022turnover
35.7m
+2%
operating profit
395k
-175%
gross margin
12.5%
-23.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.7m
+3.67%
total assets
25.5m
+0.05%
cash
4.7m
+1.63%
net assets
Total assets minus all liabilities
hawker siddeley switchgear limited company details
company number
00370559
Type
Private limited with Share Capital
industry
27110 - Manufacture of electric motors, generators and transformers
incorporation date
November 1941
age
83
accounts
Group
ultimate parent company
previous names
south wales switchgear limited (January 1992)
incorporated
UK
address
nottingham road, loughborough, leicestershire, LE11 1EX
last accounts submitted
December 2022
hawker siddeley switchgear limited 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 3 charges/mortgages relating to hawker siddeley switchgear limited. Currently there are 1 open charges and 2 have been satisfied in the past.
hawker siddeley switchgear limited Companies House Filings - See Documents
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