eurotherm limited
eurotherm limited Company Information
Company Number
00853008
Next Accounts
Sep 2025
Shareholders
watlow limited
Group Structure
View All
Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
Registered Address
faraday close worthing, west sussex, BN13 3PL
Website
http://invensys.comeurotherm limited Estimated Valuation
Pomanda estimates the enterprise value of EUROTHERM LIMITED at £128.8m based on a Turnover of £60.9m and 2.11x industry multiple (adjusted for size and gross margin).
eurotherm limited Estimated Valuation
Pomanda estimates the enterprise value of EUROTHERM LIMITED at £139.6m based on an EBITDA of £11.6m and a 12.02x industry multiple (adjusted for size and gross margin).
eurotherm limited Estimated Valuation
Pomanda estimates the enterprise value of EUROTHERM LIMITED at £54.3m based on Net Assets of £21.7m and 2.5x industry multiple (adjusted for liquidity).
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Eurotherm Limited Overview
Eurotherm Limited is a live company located in west sussex, BN13 3PL with a Companies House number of 00853008. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in June 1965, it's largest shareholder is watlow limited with a 100% stake. Eurotherm Limited is a mature, large sized company, Pomanda has estimated its turnover at £60.9m with high growth in recent years.
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Eurotherm Limited Health Check
Pomanda's financial health check has awarded Eurotherm Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £60.9m, make it larger than the average company (£12.8m)
£60.9m - Eurotherm Limited
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.2%)
15% - Eurotherm Limited
8.2% - Industry AVG
Production
with a gross margin of 44.1%, this company has a comparable cost of product (40.8%)
44.1% - Eurotherm Limited
40.8% - Industry AVG
Profitability
an operating margin of 18.4% make it more profitable than the average company (8.9%)
18.4% - Eurotherm Limited
8.9% - Industry AVG
Employees
with 153 employees, this is above the industry average (67)
153 - Eurotherm Limited
67 - Industry AVG
Pay Structure
on an average salary of £88.2k, the company has a higher pay structure (£55k)
£88.2k - Eurotherm Limited
£55k - Industry AVG
Efficiency
resulting in sales per employee of £397.9k, this is more efficient (£203k)
£397.9k - Eurotherm Limited
£203k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (50 days)
21 days - Eurotherm Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (39 days)
12 days - Eurotherm Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (95 days)
2 days - Eurotherm Limited
95 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (22 weeks)
9 weeks - Eurotherm Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.9%, this is a lower level of debt than the average (38.8%)
28.9% - Eurotherm Limited
38.8% - Industry AVG
EUROTHERM LIMITED financials
Eurotherm Limited's latest turnover from December 2023 is £60.9 million and the company has net assets of £21.7 million. According to their latest financial statements, Eurotherm Limited has 153 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 60,885,000 | 65,303,000 | 46,036,000 | 40,032,000 | 43,862,000 | 46,447,000 | 38,695,000 | 34,422,000 | 34,670,000 | 27,121,000 | 35,115,000 | 37,453,000 | 40,733,000 | 38,745,000 | 34,872,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 34,015,000 | 42,268,000 | 34,194,000 | 35,128,000 | 37,904,000 | 34,376,000 | 29,006,000 | 24,788,000 | 25,065,000 | 18,024,000 | 23,049,000 | 25,371,000 | 27,348,000 | 19,205,000 | 18,580,000 |
| Gross Profit | 26,870,000 | 23,035,000 | 11,842,000 | 4,904,000 | 5,958,000 | 12,071,000 | 9,689,000 | 9,634,000 | 9,605,000 | 9,097,000 | 12,066,000 | 12,082,000 | 13,385,000 | 19,540,000 | 16,292,000 |
| Admin Expenses | 15,648,000 | 14,772,000 | 11,776,000 | 8,056,000 | 9,975,000 | 11,460,000 | 11,561,000 | 10,155,000 | 7,127,000 | 9,906,000 | 12,906,000 | 17,203,000 | 17,714,000 | 24,265,000 | 24,639,000 |
| Operating Profit | 11,222,000 | 8,263,000 | 66,000 | -3,152,000 | -4,017,000 | 611,000 | -1,872,000 | -521,000 | 2,478,000 | -809,000 | -840,000 | -5,121,000 | -4,329,000 | -4,725,000 | -8,347,000 |
| Interest Payable | 13,000 | 27,000 | 61,000 | 319,000 | 175,000 | 229,000 | |||||||||
| Interest Receivable | 392,000 | 78,000 | 2,000 | ||||||||||||
| Pre-Tax Profit | 11,601,000 | 8,779,000 | 542,000 | -2,688,000 | -4,192,000 | 382,000 | -1,794,000 | -346,000 | 2,192,000 | -1,181,000 | -1,765,000 | -5,405,000 | -4,685,000 | -5,137,000 | 7,406,000 |
| Tax | -2,751,000 | 2,151,000 | -613,000 | -164,000 | -124,000 | -89,000 | -92,000 | 43,000 | -259,000 | -17,000 | -9,000 | -22,000 | -38,000 | 35,000 | -32,000 |
| Profit After Tax | 8,850,000 | 10,930,000 | -71,000 | -2,852,000 | -4,316,000 | 293,000 | -1,886,000 | -303,000 | 1,933,000 | -1,198,000 | -1,774,000 | -5,427,000 | -4,723,000 | -5,102,000 | 7,374,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 8,850,000 | 10,930,000 | -71,000 | -2,852,000 | -4,316,000 | 293,000 | -1,886,000 | -303,000 | 1,933,000 | -1,198,000 | -1,774,000 | -5,427,000 | -4,723,000 | -5,102,000 | 7,374,000 |
| Employee Costs | 13,496,000 | 16,956,000 | 15,991,000 | 15,296,000 | 18,526,000 | 15,953,000 | 15,215,000 | 13,977,000 | 12,942,000 | 8,718,000 | 13,731,000 | 11,199,000 | 11,191,000 | 10,076,000 | 12,933,000 |
| Number Of Employees | 153 | 189 | 196 | 213 | 252 | 264 | 256 | 262 | 258 | 247 | 241 | 236 | 229 | 225 | 282 |
| EBITDA* | 11,612,000 | 8,616,000 | 2,409,000 | 721,000 | -519,000 | 3,157,000 | -980,000 | 40,000 | 2,972,000 | -470,000 | -394,000 | -4,656,000 | -3,852,000 | -4,091,000 | -7,324,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,220,000 | 2,394,000 | 1,790,000 | 4,388,000 | 4,960,000 | 1,332,000 | 1,229,000 | 1,497,000 | 1,576,000 | 1,587,000 | 1,357,000 | 1,216,000 | 1,287,000 | 1,356,000 | 2,765,000 |
| Intangible Assets | 5,934,000 | 7,768,000 | 8,850,000 | 7,633,000 | 5,524,000 | 2,371,000 | 64,000 | ||||||||
| Investments & Other | 390,000 | 390,000 | 390,000 | 390,000 | 390,000 | 390,000 | 390,000 | 390,000 | |||||||
| Debtors (Due After 1 year) | 833,000 | ||||||||||||||
| Total Fixed Assets | 2,610,000 | 3,617,000 | 2,180,000 | 10,712,000 | 12,728,000 | 10,182,000 | 8,862,000 | 7,021,000 | 3,947,000 | 1,651,000 | 1,357,000 | 1,606,000 | 1,677,000 | 1,746,000 | 3,155,000 |
| Stock & work in progress | 267,000 | 190,000 | 452,000 | 354,000 | 617,000 | 2,402,000 | 2,377,000 | 2,550,000 | 2,866,000 | 2,171,000 | 2,157,000 | 1,743,000 | 2,473,000 | 3,079,000 | 2,630,000 |
| Trade Debtors | 3,600,000 | 4,060,000 | 3,208,000 | 3,333,000 | 4,575,000 | 4,494,000 | 3,882,000 | 2,518,000 | 2,145,000 | 3,168,000 | 2,877,000 | 2,906,000 | 3,340,000 | 3,351,000 | 4,609,000 |
| Group Debtors | 21,092,000 | 13,340,000 | 8,679,000 | 15,966,000 | 21,667,000 | 17,517,000 | 11,654,000 | 10,834,000 | 11,175,000 | 16,438,000 | 14,560,000 | 15,847,000 | 20,536,000 | 23,897,000 | 28,216,000 |
| Misc Debtors | 1,417,000 | 2,380,000 | 1,170,000 | 1,648,000 | 1,516,000 | 1,095,000 | 723,000 | 811,000 | 1,054,000 | 809,000 | 1,455,000 | 847,000 | 617,000 | 681,000 | 533,000 |
| Cash | 1,526,000 | 3,671,000 | 3,229,000 | 4,593,000 | 765,000 | 340,000 | 443,000 | 956,000 | 2,559,000 | 721,000 | 421,000 | 1,605,000 | 1,141,000 | 413,000 | |
| misc current assets | |||||||||||||||
| total current assets | 27,902,000 | 23,641,000 | 16,738,000 | 25,894,000 | 29,140,000 | 25,848,000 | 19,079,000 | 17,669,000 | 19,799,000 | 23,307,000 | 21,470,000 | 22,948,000 | 28,107,000 | 31,421,000 | 35,988,000 |
| total assets | 30,512,000 | 27,258,000 | 18,918,000 | 36,606,000 | 41,868,000 | 36,030,000 | 27,941,000 | 24,690,000 | 23,746,000 | 24,958,000 | 22,827,000 | 24,554,000 | 29,784,000 | 33,167,000 | 39,143,000 |
| Bank overdraft | 7,426,000 | 11,003,000 | 213,000 | 1,224,000 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,165,000 | 812,000 | 785,000 | 869,000 | 543,000 | 2,770,000 | 2,327,000 | 2,329,000 | 2,038,000 | 2,875,000 | 2,676,000 | 2,025,000 | 2,210,000 | 2,598,000 | 3,397,000 |
| Group/Directors Accounts | 2,687,000 | 8,072,000 | 4,508,000 | 9,310,000 | 22,320,000 | 17,965,000 | 9,313,000 | 6,672,000 | 6,640,000 | 8,994,000 | 4,178,000 | 4,191,000 | 4,450,000 | 4,284,000 | 4,989,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 347,000 | 363,000 | |||||||||||||
| other current liabilities | 4,209,000 | 4,586,000 | 3,659,000 | 3,282,000 | 3,557,000 | 3,556,000 | 4,525,000 | 3,347,000 | 2,351,000 | 2,343,000 | 4,258,000 | 4,381,000 | 4,286,000 | 2,674,000 | 2,269,000 |
| total current liabilities | 8,061,000 | 13,470,000 | 16,378,000 | 24,811,000 | 26,996,000 | 24,291,000 | 17,389,000 | 12,348,000 | 11,029,000 | 14,212,000 | 11,112,000 | 10,597,000 | 10,946,000 | 9,556,000 | 10,655,000 |
| loans | |||||||||||||||
| hp & lease commitments | 3,204,000 | 3,554,000 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 763,000 | 950,000 | 632,000 | 799,000 | 674,000 | 1,443,000 | 549,000 | 453,000 | 525,000 | 487,000 | 258,000 | 949,000 | 498,000 | 650,000 | |
| total long term liabilities | 763,000 | 950,000 | 632,000 | 4,003,000 | 4,228,000 | 1,443,000 | 549,000 | 453,000 | 525,000 | 487,000 | 258,000 | 949,000 | 498,000 | 650,000 | |
| total liabilities | 8,824,000 | 14,420,000 | 17,010,000 | 28,814,000 | 31,224,000 | 25,734,000 | 17,938,000 | 12,801,000 | 11,554,000 | 14,699,000 | 11,370,000 | 11,546,000 | 11,444,000 | 10,206,000 | 10,655,000 |
| net assets | 21,688,000 | 12,838,000 | 1,908,000 | 7,792,000 | 10,644,000 | 10,296,000 | 10,003,000 | 11,889,000 | 12,192,000 | 10,259,000 | 11,457,000 | 13,008,000 | 18,340,000 | 22,961,000 | 28,488,000 |
| total shareholders funds | 21,688,000 | 12,838,000 | 1,908,000 | 7,792,000 | 10,644,000 | 10,296,000 | 10,003,000 | 11,889,000 | 12,192,000 | 10,259,000 | 11,457,000 | 13,008,000 | 18,340,000 | 22,961,000 | 28,488,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 11,222,000 | 8,263,000 | 66,000 | -3,152,000 | -4,017,000 | 611,000 | -1,872,000 | -521,000 | 2,478,000 | -809,000 | -840,000 | -5,121,000 | -4,329,000 | -4,725,000 | -8,347,000 |
| Depreciation | 390,000 | 353,000 | 230,000 | 681,000 | 691,000 | 411,000 | 452,000 | 467,000 | 410,000 | 339,000 | 446,000 | 465,000 | 477,000 | 634,000 | 1,023,000 |
| Amortisation | 2,113,000 | 3,192,000 | 2,807,000 | 2,135,000 | 440,000 | 94,000 | 84,000 | ||||||||
| Tax | -2,751,000 | 2,151,000 | -613,000 | -164,000 | -124,000 | -89,000 | -92,000 | 43,000 | -259,000 | -17,000 | -9,000 | -22,000 | -38,000 | 35,000 | -32,000 |
| Stock | 77,000 | -262,000 | 98,000 | -263,000 | -1,785,000 | 25,000 | -173,000 | -316,000 | 695,000 | 428,000 | 414,000 | -730,000 | -606,000 | 449,000 | 2,630,000 |
| Debtors | 5,496,000 | 7,556,000 | -7,890,000 | -6,811,000 | 4,652,000 | 6,847,000 | 2,096,000 | -211,000 | -6,041,000 | 815,000 | -708,000 | -4,893,000 | -3,436,000 | -5,429,000 | 33,358,000 |
| Creditors | 353,000 | 27,000 | -84,000 | 326,000 | -2,227,000 | 443,000 | -2,000 | 291,000 | -837,000 | 850,000 | 651,000 | -185,000 | -388,000 | -799,000 | 3,397,000 |
| Accruals and Deferred Income | -377,000 | 927,000 | 377,000 | -275,000 | 1,000 | -969,000 | 1,178,000 | 996,000 | 8,000 | -2,038,000 | -123,000 | 95,000 | 1,612,000 | 405,000 | 2,269,000 |
| Deferred Taxes & Provisions | -187,000 | 318,000 | -167,000 | 125,000 | -769,000 | 894,000 | 96,000 | -72,000 | 38,000 | -462,000 | -691,000 | 451,000 | -152,000 | 650,000 | |
| Cash flow from operations | 3,077,000 | 4,745,000 | 9,714,000 | 7,807,000 | -6,505,000 | -3,436,000 | -1,723,000 | 1,825,000 | 7,268,000 | -3,380,000 | -272,000 | 1,306,000 | 1,224,000 | 1,180,000 | -37,678,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 390,000 | -390,000 | -390,000 | 390,000 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -5,385,000 | 3,564,000 | -4,802,000 | -13,010,000 | 4,355,000 | 8,652,000 | 2,641,000 | 32,000 | -2,354,000 | 4,803,000 | -13,000 | -259,000 | 166,000 | -705,000 | 4,989,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -3,551,000 | -366,000 | 3,917,000 | ||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 379,000 | -27,000 | -61,000 | -319,000 | -175,000 | -229,000 | 78,000 | 2,000 | |||||||
| cash flow from financing | -5,006,000 | 3,537,000 | -14,227,000 | -13,695,000 | 12,761,000 | 8,423,000 | 2,719,000 | 32,000 | -2,354,000 | 3,252,000 | 210,000 | -164,000 | 268,000 | -1,130,000 | 26,105,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,145,000 | 442,000 | -1,364,000 | 3,828,000 | 425,000 | -103,000 | -513,000 | -1,603,000 | 1,838,000 | -884,000 | -1,184,000 | 464,000 | 728,000 | 413,000 | |
| overdraft | -7,426,000 | -3,577,000 | 10,790,000 | 213,000 | -1,224,000 | 1,224,000 | |||||||||
| change in cash | -2,145,000 | 7,868,000 | 2,213,000 | -6,962,000 | 212,000 | 1,121,000 | -1,737,000 | -1,603,000 | 1,838,000 | -884,000 | -1,184,000 | 464,000 | 728,000 | 413,000 |
eurotherm limited Credit Report and Business Information
Eurotherm Limited Competitor Analysis
Perform a competitor analysis for eurotherm limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BN13 area or any other competitors across 12 key performance metrics.
eurotherm limited Ownership
EUROTHERM LIMITED group structure
Eurotherm Limited has no subsidiary companies.
Ultimate parent company
WATLOW MANUFACTURING CO
#0129884
2 parents
EUROTHERM LIMITED
00853008
eurotherm limited directors
Eurotherm Limited currently has 2 directors. The longest serving directors include Mr Randy Khalaf (Oct 2022) and Ms Cornelia Bubestinger (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Randy Khalaf | United Kingdom | 57 years | Oct 2022 | - | Director |
| Ms Cornelia Bubestinger | United Kingdom | 45 years | Oct 2022 | - | Director |
P&L
December 2023turnover
60.9m
-7%
operating profit
11.2m
+36%
gross margin
44.2%
+25.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
21.7m
+0.69%
total assets
30.5m
+0.12%
cash
1.5m
-0.58%
net assets
Total assets minus all liabilities
eurotherm limited company details
company number
00853008
Type
Private limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
incorporation date
June 1965
age
60
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
eurotherm controls limited (May 2000)
eurotherm limited (May 1992)
accountant
-
auditor
FORVIS MAZARS LLP
address
faraday close worthing, west sussex, BN13 3PL
Bank
HSBC BANK PLC
Legal Advisor
-
eurotherm 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 17 charges/mortgages relating to eurotherm limited. Currently there are 1 open charges and 16 have been satisfied in the past.
eurotherm limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for EUROTHERM LIMITED. This can take several minutes, an email will notify you when this has completed.
eurotherm limited Companies House Filings - See Documents
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