eurotherm limited

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eurotherm limited Company Information

Share EUROTHERM LIMITED

Company Number

00853008

Shareholders

watlow limited

Group Structure

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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

eurotherm limited Estimated Valuation

£128.8m

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

£139.6m

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

£54.3m

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

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £60.9m, make it larger than the average company (£12.8m)

£60.9m - Eurotherm Limited

£12.8m - Industry AVG

growth

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

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

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

Employees

with 153 employees, this is above the industry average (67)

153 - Eurotherm Limited

67 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £397.9k, this is more efficient (£203k)

£397.9k - Eurotherm Limited

£203k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 12 days, this is quicker than average (39 days)

12 days - Eurotherm Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (95 days)

2 days - Eurotherm Limited

95 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover60,885,00065,303,00046,036,00040,032,00043,862,00046,447,00038,695,00034,422,00034,670,00027,121,00035,115,00037,453,00040,733,00038,745,00034,872,000
Other Income Or Grants
Cost Of Sales34,015,00042,268,00034,194,00035,128,00037,904,00034,376,00029,006,00024,788,00025,065,00018,024,00023,049,00025,371,00027,348,00019,205,00018,580,000
Gross Profit26,870,00023,035,00011,842,0004,904,0005,958,00012,071,0009,689,0009,634,0009,605,0009,097,00012,066,00012,082,00013,385,00019,540,00016,292,000
Admin Expenses15,648,00014,772,00011,776,0008,056,0009,975,00011,460,00011,561,00010,155,0007,127,0009,906,00012,906,00017,203,00017,714,00024,265,00024,639,000
Operating Profit11,222,0008,263,00066,000-3,152,000-4,017,000611,000-1,872,000-521,0002,478,000-809,000-840,000-5,121,000-4,329,000-4,725,000-8,347,000
Interest Payable13,00027,00061,000319,000175,000229,000
Interest Receivable392,00078,0002,000
Pre-Tax Profit11,601,0008,779,000542,000-2,688,000-4,192,000382,000-1,794,000-346,0002,192,000-1,181,000-1,765,000-5,405,000-4,685,000-5,137,0007,406,000
Tax-2,751,0002,151,000-613,000-164,000-124,000-89,000-92,00043,000-259,000-17,000-9,000-22,000-38,00035,000-32,000
Profit After Tax8,850,00010,930,000-71,000-2,852,000-4,316,000293,000-1,886,000-303,0001,933,000-1,198,000-1,774,000-5,427,000-4,723,000-5,102,0007,374,000
Dividends Paid
Retained Profit8,850,00010,930,000-71,000-2,852,000-4,316,000293,000-1,886,000-303,0001,933,000-1,198,000-1,774,000-5,427,000-4,723,000-5,102,0007,374,000
Employee Costs13,496,00016,956,00015,991,00015,296,00018,526,00015,953,00015,215,00013,977,00012,942,0008,718,00013,731,00011,199,00011,191,00010,076,00012,933,000
Number Of Employees153189196213252264256262258247241236229225282
EBITDA*11,612,0008,616,0002,409,000721,000-519,0003,157,000-980,00040,0002,972,000-470,000-394,000-4,656,000-3,852,000-4,091,000-7,324,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,220,0002,394,0001,790,0004,388,0004,960,0001,332,0001,229,0001,497,0001,576,0001,587,0001,357,0001,216,0001,287,0001,356,0002,765,000
Intangible Assets5,934,0007,768,0008,850,0007,633,0005,524,0002,371,00064,000
Investments & Other390,000390,000390,000390,000390,000390,000390,000390,000
Debtors (Due After 1 year)833,000
Total Fixed Assets2,610,0003,617,0002,180,00010,712,00012,728,00010,182,0008,862,0007,021,0003,947,0001,651,0001,357,0001,606,0001,677,0001,746,0003,155,000
Stock & work in progress267,000190,000452,000354,000617,0002,402,0002,377,0002,550,0002,866,0002,171,0002,157,0001,743,0002,473,0003,079,0002,630,000
Trade Debtors3,600,0004,060,0003,208,0003,333,0004,575,0004,494,0003,882,0002,518,0002,145,0003,168,0002,877,0002,906,0003,340,0003,351,0004,609,000
Group Debtors21,092,00013,340,0008,679,00015,966,00021,667,00017,517,00011,654,00010,834,00011,175,00016,438,00014,560,00015,847,00020,536,00023,897,00028,216,000
Misc Debtors1,417,0002,380,0001,170,0001,648,0001,516,0001,095,000723,000811,0001,054,000809,0001,455,000847,000617,000681,000533,000
Cash1,526,0003,671,0003,229,0004,593,000765,000340,000443,000956,0002,559,000721,000421,0001,605,0001,141,000413,000
misc current assets
total current assets27,902,00023,641,00016,738,00025,894,00029,140,00025,848,00019,079,00017,669,00019,799,00023,307,00021,470,00022,948,00028,107,00031,421,00035,988,000
total assets30,512,00027,258,00018,918,00036,606,00041,868,00036,030,00027,941,00024,690,00023,746,00024,958,00022,827,00024,554,00029,784,00033,167,00039,143,000
Bank overdraft7,426,00011,003,000213,0001,224,000
Bank loan
Trade Creditors 1,165,000812,000785,000869,000543,0002,770,0002,327,0002,329,0002,038,0002,875,0002,676,0002,025,0002,210,0002,598,0003,397,000
Group/Directors Accounts2,687,0008,072,0004,508,0009,310,00022,320,00017,965,0009,313,0006,672,0006,640,0008,994,0004,178,0004,191,0004,450,0004,284,0004,989,000
other short term finances
hp & lease commitments347,000363,000
other current liabilities4,209,0004,586,0003,659,0003,282,0003,557,0003,556,0004,525,0003,347,0002,351,0002,343,0004,258,0004,381,0004,286,0002,674,0002,269,000
total current liabilities8,061,00013,470,00016,378,00024,811,00026,996,00024,291,00017,389,00012,348,00011,029,00014,212,00011,112,00010,597,00010,946,0009,556,00010,655,000
loans
hp & lease commitments3,204,0003,554,000
Accruals and Deferred Income
other liabilities
provisions763,000950,000632,000799,000674,0001,443,000549,000453,000525,000487,000258,000949,000498,000650,000
total long term liabilities763,000950,000632,0004,003,0004,228,0001,443,000549,000453,000525,000487,000258,000949,000498,000650,000
total liabilities8,824,00014,420,00017,010,00028,814,00031,224,00025,734,00017,938,00012,801,00011,554,00014,699,00011,370,00011,546,00011,444,00010,206,00010,655,000
net assets21,688,00012,838,0001,908,0007,792,00010,644,00010,296,00010,003,00011,889,00012,192,00010,259,00011,457,00013,008,00018,340,00022,961,00028,488,000
total shareholders funds21,688,00012,838,0001,908,0007,792,00010,644,00010,296,00010,003,00011,889,00012,192,00010,259,00011,457,00013,008,00018,340,00022,961,00028,488,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit11,222,0008,263,00066,000-3,152,000-4,017,000611,000-1,872,000-521,0002,478,000-809,000-840,000-5,121,000-4,329,000-4,725,000-8,347,000
Depreciation390,000353,000230,000681,000691,000411,000452,000467,000410,000339,000446,000465,000477,000634,0001,023,000
Amortisation2,113,0003,192,0002,807,0002,135,000440,00094,00084,000
Tax-2,751,0002,151,000-613,000-164,000-124,000-89,000-92,00043,000-259,000-17,000-9,000-22,000-38,00035,000-32,000
Stock77,000-262,00098,000-263,000-1,785,00025,000-173,000-316,000695,000428,000414,000-730,000-606,000449,0002,630,000
Debtors5,496,0007,556,000-7,890,000-6,811,0004,652,0006,847,0002,096,000-211,000-6,041,000815,000-708,000-4,893,000-3,436,000-5,429,00033,358,000
Creditors353,00027,000-84,000326,000-2,227,000443,000-2,000291,000-837,000850,000651,000-185,000-388,000-799,0003,397,000
Accruals and Deferred Income-377,000927,000377,000-275,0001,000-969,0001,178,000996,0008,000-2,038,000-123,00095,0001,612,000405,0002,269,000
Deferred Taxes & Provisions-187,000318,000-167,000125,000-769,000894,00096,000-72,00038,000-462,000-691,000451,000-152,000650,000
Cash flow from operations3,077,0004,745,0009,714,0007,807,000-6,505,000-3,436,000-1,723,0001,825,0007,268,000-3,380,000-272,0001,306,0001,224,0001,180,000-37,678,000
Investing Activities
capital expenditure-216,000-957,0006,189,000-1,467,000-6,044,000-3,866,000-2,733,000-3,635,000-2,790,000-774,000-587,000-394,000-408,000775,000-3,788,000
Change in Investments390,000-390,000-390,000390,000
cash flow from investments-216,000-957,0006,189,000-1,857,000-6,044,000-3,866,000-2,733,000-3,635,000-2,790,000-384,000-197,000-394,000-408,000775,000-4,178,000
Financing Activities
Bank loans
Group/Directors Accounts-5,385,0003,564,000-4,802,000-13,010,0004,355,0008,652,0002,641,00032,000-2,354,0004,803,000-13,000-259,000166,000-705,0004,989,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-3,551,000-366,0003,917,000
other long term liabilities
share issue-5,813,0004,664,000-1,551,000223,00095,000102,000-425,00021,114,000
interest379,000-27,000-61,000-319,000-175,000-229,00078,0002,000
cash flow from financing-5,006,0003,537,000-14,227,000-13,695,00012,761,0008,423,0002,719,00032,000-2,354,0003,252,000210,000-164,000268,000-1,130,00026,105,000
cash and cash equivalents
cash-2,145,000442,000-1,364,0003,828,000425,000-103,000-513,000-1,603,0001,838,000-884,000-1,184,000464,000728,000413,000
overdraft-7,426,000-3,577,00010,790,000213,000-1,224,0001,224,000
change in cash-2,145,0007,868,0002,213,000-6,962,000212,0001,121,000-1,737,000-1,603,0001,838,000-884,000-1,184,000464,000728,000413,000

eurotherm limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Eurotherm Limited Competitor Analysis

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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 Shareholders

watlow limited 100%

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).

officercountryagestartendrole
Mr Randy KhalafUnited Kingdom57 years Oct 2022- Director
Ms Cornelia BubestingerUnited Kingdom45 years Oct 2022- Director

P&L

December 2023

turnover

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 2023

net 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

WATLOW MANUFACTURING CO

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.

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eurotherm limited Companies House Filings - See Documents

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