Pomanda estimates the enterprise value of ERG (AIR POLLUTION CONTROL) LIMITED at £9.2m based on a Turnover of £10.7m and 0.86x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ERG (AIR POLLUTION CONTROL) LIMITED at £5.5m based on an EBITDA of £891.8k and a 6.14x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ERG (AIR POLLUTION CONTROL) LIMITED at £4.8m based on Net Assets of £1.9m and 2.51x industry multiple (adjusted for liquidity).
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Erg (air Pollution Control) LimitedOverview
Erg (air Pollution Control) Limited is a live company located in slinfold, RH13 0QW with a Companies House number of 01389099. It operates in the manufacture of non-domestic cooling and ventilation equipment sector, SIC Code 28250. Founded in September 1978, it's largest shareholder is
erg process technologies limited
with a 100% stake. Erg (air Pollution Control) Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£10.7m with
declining
growth in recent years.
Pomanda's financial health check has awarded Erg (Air Pollution Control) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £10.7m, make it smaller than the average company (£19.9m)
£10.7m - Erg (air Pollution Control) Limited
£19.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.5%)
-4% - Erg (air Pollution Control) Limited
6.5% - Industry AVG
Production
with a gross margin of 38.2%, this company has a lower cost of product (31%)
38.2% - Erg (air Pollution Control) Limited
31% - Industry AVG
Profitability
an operating margin of 7.8% make it more profitable than the average company (3.9%)
7.8% - Erg (air Pollution Control) Limited
3.9% - Industry AVG
Employees
with 85 employees, this is similar to the industry average (93)
85 - Erg (air Pollution Control) Limited
93 - Industry AVG
Pay Structure
on an average salary of £52.4k, the company has an equivalent pay structure (£45.3k)
£52.4k - Erg (air Pollution Control) Limited
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £125.5k, this is less efficient (£166.4k)
£125.5k - Erg (air Pollution Control) Limited
£166.4k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (71 days)
95 days - Erg (air Pollution Control) Limited
71 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (52 days)
58 days - Erg (air Pollution Control) Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (51 days)
7 days - Erg (air Pollution Control) Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 12 weeks, this is more cash available to meet short term requirements (9 weeks)
12 weeks - Erg (air Pollution Control) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.6%, this is a higher level of debt than the average (61.3%)
72.6% - Erg (air Pollution Control) Limited
61.3% - Industry AVG
ERG (AIR POLLUTION CONTROL) LIMITED financials
EXPORT
Erg (Air Pollution Control) Limited's latest turnover from February 2024 is £10.7 million and the company has net assets of £1.9 million. According to their latest financial statements, Erg (Air Pollution Control) Limited has 85 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
10,671,545
10,171,310
13,286,884
11,905,949
8,355,832
9,745,224
10,390,932
9,920,798
19,909,760
7,177,684
8,939,146
6,712,271
6,558,790
3,854,600
4,723,703
Other Income Or Grants
Cost Of Sales
6,591,427
7,383,313
10,214,260
9,831,137
5,816,862
7,289,532
7,658,807
6,691,174
16,890,893
5,212,416
6,882,453
4,836,995
4,638,404
2,723,197
3,182,516
Gross Profit
4,080,118
2,787,997
3,072,624
2,074,812
2,538,970
2,455,692
2,732,125
3,229,624
3,018,867
1,965,268
2,056,693
1,875,276
1,920,386
1,131,403
1,541,187
Admin Expenses
3,246,504
2,743,641
2,855,068
2,007,866
2,567,789
2,409,955
2,587,965
3,042,630
2,489,666
1,772,418
1,840,770
1,753,740
1,902,884
1,029,376
1,180,856
Operating Profit
833,614
44,356
217,556
66,946
-28,819
45,737
144,160
186,994
529,201
192,850
215,923
121,536
17,502
102,027
360,331
Interest Payable
27
122
3,051
1,690
9
4,058
8,651
Interest Receivable
29,478
7,502
14
5,185
1,600
5,326
2,680
2,174
218
133
3,979
4,550
3,398
1,372
Pre-Tax Profit
863,065
51,858
217,448
63,895
-25,324
47,328
149,486
189,674
527,317
184,417
216,056
125,516
22,051
105,425
361,703
Tax
40,150
22,200
529
-6,290
10,609
123,477
-16,807
-114,076
-42,687
-35,697
-30,124
-5,733
-29,519
-101,277
Profit After Tax
903,215
74,058
217,977
57,605
-25,324
57,937
272,963
172,867
413,241
141,730
180,359
95,392
16,318
75,906
260,426
Dividends Paid
110,735
71,904
96,333
133,612
111,904
372,079
78,533
74,000
Retained Profit
903,215
74,058
107,242
-14,299
-25,324
-38,396
139,351
60,963
41,162
63,197
106,359
95,392
16,318
75,906
260,426
Employee Costs
4,451,432
3,901,185
3,381,447
3,168,113
2,758,835
2,898,667
3,140,006
2,745,672
2,561,720
2,035,482
2,081,406
1,862,755
1,744,858
1,047,820
1,317,853
Number Of Employees
85
67
73
73
68
70
74
55
45
41
44
56
53
33
44
EBITDA*
891,787
81,926
246,580
83,632
6,045
102,596
213,388
252,133
594,541
272,844
294,258
182,179
62,260
152,998
406,974
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
159,748
135,734
114,190
75,518
29,844
43,255
82,333
112,272
89,170
84,636
107,294
114,424
93,981
38,297
31,328
Intangible Assets
2,076
17,645
33,214
Investments & Other
74,114
74,114
74,114
74,114
74,114
74,114
74,114
52,260
52,260
174,077
174,077
162,677
162,677
162,677
121,866
Debtors (Due After 1 year)
Total Fixed Assets
233,862
209,848
188,304
149,632
103,958
117,369
156,447
164,532
141,430
258,713
281,371
277,101
258,734
218,619
186,408
Stock & work in progress
143,229
1,143
2,219
2,219
1,923
17,643
15,852
408,724
383,564
2,192,711
355,872
867,063
578,120
172,781
129,820
Trade Debtors
2,797,305
3,807,972
2,906,510
6,903,415
2,771,800
1,265,135
664,768
3,133,405
914,564
556,859
1,450,220
1,141,720
1,087,924
747,537
1,124,158
Group Debtors
2,499,802
2,081,855
1,771,767
1,024,500
370,589
474,419
224,849
57,976
90,482
30,570
Misc Debtors
180,341
131,241
197,903
391,296
409,828
1,145,406
1,330,399
242,419
138,376
238,791
114,269
Cash
1,191,810
1,194,598
1,103,869
824,909
355,761
1,026,966
1,466,540
1,172,857
2,862,220
752,266
563,709
581,964
1,009,762
810,137
548,881
misc current assets
total current assets
6,812,487
7,216,809
5,982,268
9,146,339
3,909,901
3,929,569
3,702,408
4,957,405
4,356,700
3,831,109
2,514,640
2,590,747
2,675,806
1,730,455
1,802,859
total assets
7,046,349
7,426,657
6,170,572
9,295,971
4,013,859
4,046,938
3,858,855
5,121,937
4,498,130
4,089,822
2,796,011
2,867,848
2,934,540
1,949,074
1,989,267
Bank overdraft
919,941
2,000,688
69
Bank loan
Trade Creditors
1,056,943
1,182,993
879,681
2,806,226
1,144,459
879,263
867,626
1,790,414
721,156
1,373,962
2,038,427
2,049,416
2,488,787
1,445,950
1,617,011
Group/Directors Accounts
112,028
1,062,564
1,730,376
403,560
352,810
125,270
16,450
45,966
337,982
67,574
other short term finances
1,280,089
hp & lease commitments
other current liabilities
2,995,979
4,024,346
2,418,427
3,233,141
1,656,156
1,950,586
1,794,412
1,894,422
2,119,408
177,836
total current liabilities
5,084,891
6,269,903
5,028,484
8,443,615
3,153,494
2,955,119
2,678,488
3,730,802
3,178,546
2,899,461
2,038,427
2,049,416
2,488,787
1,445,950
1,617,011
loans
50,000
50,000
50,000
50,000
50,000
hp & lease commitments
Accruals and Deferred Income
23,611
other liabilities
50,000
50,000
50,000
50,000
50,000
provisions
32,549
131,060
190,452
7,962
1,672
157,802
207,954
604,467
585,546
489,152
143,183
310,390
33,103
106,792
51,830
total long term liabilities
32,549
131,060
190,452
7,962
1,672
207,802
257,954
654,467
635,546
562,763
193,183
360,390
83,103
156,792
101,830
total liabilities
5,117,440
6,400,963
5,218,936
8,451,577
3,155,166
3,162,921
2,936,442
4,385,269
3,814,092
3,462,224
2,231,610
2,409,806
2,571,890
1,602,742
1,718,841
net assets
1,928,909
1,025,694
951,636
844,394
858,693
884,017
922,413
736,668
684,038
627,598
564,401
458,042
362,650
346,332
270,426
total shareholders funds
1,928,909
1,025,694
951,636
844,394
858,693
884,017
922,413
736,668
684,038
627,598
564,401
458,042
362,650
346,332
270,426
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
833,614
44,356
217,556
66,946
-28,819
45,737
144,160
186,994
529,201
192,850
215,923
121,536
17,502
102,027
360,331
Depreciation
58,173
37,570
29,024
16,686
34,864
56,859
69,228
65,139
65,340
79,994
78,335
58,567
29,189
35,402
31,074
Amortisation
2,076
15,569
15,569
15,569
Tax
40,150
22,200
529
-6,290
10,609
123,477
-16,807
-114,076
-42,687
-35,697
-30,124
-5,733
-29,519
-101,277
Stock
142,086
-1,076
296
-15,720
1,791
-392,872
25,160
-1,809,147
1,836,839
-511,191
288,943
405,339
42,961
129,820
Debtors
-543,620
1,144,888
-3,443,031
4,766,994
667,257
664,944
-1,155,808
2,264,908
224,784
-708,927
453,339
53,796
340,387
-376,621
1,124,158
Creditors
-126,050
303,312
-1,926,545
1,661,767
265,196
11,637
-922,788
1,069,258
-652,806
-664,465
-10,989
-439,371
1,042,837
-171,061
1,617,011
Accruals and Deferred Income
-1,028,367
1,605,919
-814,714
1,576,985
-294,430
156,174
-100,010
-224,986
1,917,961
201,447
Deferred Taxes & Provisions
-98,511
-59,392
182,490
6,290
-156,130
-50,152
-396,513
18,921
96,394
345,969
-167,207
277,287
-73,689
54,962
51,830
Cash flow from operations
80,543
810,153
1,131,371
-1,444,906
-830,856
-435,871
466,234
-1,191,549
3,426,377
-1,014,804
138,217
-352,768
279,949
341,040
720,560
Investing Activities
capital expenditure
-82,187
-59,114
-67,696
-62,360
-21,453
-17,781
-39,289
-77,127
-64,498
-57,311
-75,888
-79,010
-84,873
-42,371
-111,185
Change in Investments
21,854
-121,817
11,400
40,811
121,866
cash flow from investments
-82,187
-59,114
-67,696
-62,360
-21,453
-17,781
-61,143
-77,127
57,319
-57,311
-87,288
-79,010
-84,873
-83,182
-233,051
Financing Activities
Bank loans
Group/Directors Accounts
-950,536
-667,812
1,326,816
50,750
227,540
108,820
-29,516
-292,016
270,408
67,574
Other Short Term Loans
-1,280,089
1,280,089
Long term loans
-50,000
50,000
Hire Purchase and Lease Commitments
other long term liabilities
-50,000
50,000
share issue
46,394
-8,333
15,278
10,000
interest
29,451
7,502
-108
-3,051
3,495
1,591
5,326
2,680
-1,884
-8,433
133
3,979
4,550
3,398
1,372
cash flow from financing
-921,085
-660,310
1,326,708
47,699
181,035
110,411
22,204
-297,669
-996,287
1,339,230
133
3,979
4,550
3,398
61,372
cash and cash equivalents
cash
-2,788
90,729
278,960
469,148
-671,205
-439,574
293,683
-1,689,363
2,109,954
188,557
-18,255
-427,798
199,625
261,256
548,881
overdraft
919,941
-2,000,688
2,000,619
69
change in cash
-922,729
90,729
2,279,648
-1,531,471
-671,274
-439,574
293,683
-1,689,363
2,109,954
188,557
-18,255
-427,798
199,625
261,256
548,881
erg (air pollution control) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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erg (air pollution control) limited Ownership
ERG (AIR POLLUTION CONTROL) LIMITED group structure
Erg (Air Pollution Control) Limited has 2 subsidiary companies.
The sole shareholder of Erg (Air Pollution Control) Limited is Erg Process Technologies Limited.
erg process technologies limited
100%
erg (air pollution control) limited directors
Erg (Air Pollution Control) Limited currently has 8 directors.
The longest serving directors include
Mr James Scott Bowden (Oct 2001) and
Mr Richard Hanson (Oct 2008).
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 7 charges/mortgages relating to erg (air pollution control) limited. Currently there are 3 open charges and 4 have been satisfied in the past.
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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erg (air pollution control) limitedCompanies House Filings - See Documents
