Penmann Climatic Systems Ltd

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penmann climatic systems ltd Company Information

Live

MatureSmallDeclining

Company Number

01463993

Website

penmann.co.uk

Registered Address

highfield, pool road, pool in wharfedale, otley, west yorkshire, LS21 1EG

Industry

Plumbing, heat and air-conditioning installation

Other construction installation

Telephone

01132027300

Next Accounts Due

June 2025

Group Structure

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Directors

Damian Kirwin33 Years

John Kirwin27 Years

Shareholders

penmann (holdings) limited 100%

penmann climatic systems ltd Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of PENMANN CLIMATIC SYSTEMS LTD at £2.2m based on Net Assets of £674.6k and 3.21x industry multiple (adjusted for liquidity).

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Penmann Climatic Systems Ltd is a live company located in otley, LS21 1EG with a Companies House number of 01463993. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in November 1979, it's largest shareholder is penmann (holdings) limited with a 100% stake. Penmann Climatic Systems Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Penmann Climatic Systems Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £2m, make it larger than the average company (£690.7k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.9%)

EXPORT

Penmann Climatic Systems Ltd's latest turnover from September 2023 is estimated at £2 million and the company has net assets of £674.6 thousand. According to their latest financial statements, Penmann Climatic Systems Ltd has 15 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Mar 2011	Mar 2010
Turnover	1,957,886	2,781,689	1,590,001	2,966,913	1,312,609	4,599,500	2,416,760	2,624,780	2,986,506	2,023,948	2,890,766	2,060,302	834,940	1,385,330
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,416,081	2,013,648	1,139,540	2,114,671	928,676	3,213,229	1,651,345	1,787,293	2,062,634	1,384,698	1,962,285	1,360,860	535,510	882,037
Gross Profit	541,804	768,042	450,462	852,242	383,933	1,386,270	765,415	837,487	923,872	639,250	928,481	699,443	299,430	503,293
Admin Expenses	569,214	584,103	411,041	828,032	410,999	1,266,109	740,211	631,417	850,368	623,970	865,691	700,033	355,116	413,540
Operating Profit	-27,410	183,939	39,421	24,210	-27,066	120,161	25,204	206,070	73,504	15,280	62,790	-590	-55,686	89,753
Interest Payable	0	0	1,525	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	73,946	18,899	873	798	5,615	6,718	2,014	1,611	2,354	2,063	2,086	998	835	635
Pre-Tax Profit	46,536	202,838	38,769	23,483	-21,451	126,879	27,219	207,681	75,859	17,343	64,877	408	-54,851	90,388
Tax	-11,634	-38,539	-7,366	-4,462	0	-24,107	-5,172	-41,536	-15,172	-3,642	-14,922	-98	0	-25,308
Profit After Tax	34,902	164,299	31,403	19,021	-21,451	102,772	22,047	166,145	60,687	13,701	49,955	310	-54,851	65,079
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	34,902	164,299	31,403	19,021	-21,451	102,772	22,047	166,145	60,687	13,701	49,955	310	-54,851	65,079
Employee Costs	567,038	539,375	498,733	434,029	454,771	493,885	374,812	400,250	715,690	489,454	690,179	501,262	260,358	390,337
Number Of Employees	15	15	14	12	12	12	11	11	20	14	20	15	8	12
EBITDA*	20,047	227,176	77,057	51,861	1,364	149,891	45,251	225,301	91,478	34,884	80,921	22,943	-37,301	104,227

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Mar 2011	Mar 2010
Tangible Assets	115,677	166,184	105,642	124,394	73,086	112,815	95,819	54,759	71,780	67,299	59,651	38,646	60,838	43,299
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	1,740	0	0	0	0	0	0	2,856
Total Fixed Assets	115,677	166,184	105,642	124,394	73,086	112,815	97,559	54,759	71,780	67,299	59,651	38,646	60,838	46,155
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	139,757	473,131	167,994	572,144	201,772	992,668	463,105	429,058	266,277	227,594	268,750	193,774	87,569	129,292
Group Debtors	0	79,556	79,992	230,000	0	0	0	0	0	0	0	0	0	0
Misc Debtors	172,783	221,453	34,645	38,895	29,735	20,694	21,776	21,665	0	0	0	0	0	805
Cash	2,087,564	870,268	809,643	935,667	660,104	837,204	954,344	657,013	632,103	309,646	515,564	319,024	80,215	253,859
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,400,104	1,644,408	1,092,274	1,776,706	891,611	1,850,566	1,439,225	1,107,736	898,380	537,240	784,314	512,798	167,784	383,956
total assets	2,515,781	1,810,592	1,197,916	1,901,100	964,697	1,963,381	1,536,784	1,162,495	970,160	604,539	843,965	551,444	228,622	430,111
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	3,134	0	0	0	0	0	0	0	0	0	0
Trade Creditors	548,272	517,699	421,043	446,260	175,058	714,231	308,484	421,406	805,270	495,800	744,703	520,286	197,774	343,010
Group/Directors Accounts	0	0	0	0	0	150,000	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,080	2,219	0	0	0	0	0	9,406	0	0	0	0	0	0
other current liabilities	1,270,089	628,156	301,435	960,806	364,625	652,685	884,607	410,037	0	0	0	0	0	0
total current liabilities	1,821,441	1,148,074	722,478	1,410,200	539,683	1,516,916	1,193,091	840,849	805,270	495,800	744,703	520,286	197,774	343,010
loans	0	0	0	46,865	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	19,701	22,781	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	9,389	13,925	18,149	0	0	1,402
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	19,701	22,781	0	46,865	0	0	0	0	9,389	13,925	18,149	0	0	1,402
total liabilities	1,841,142	1,170,855	722,478	1,457,065	539,683	1,516,916	1,193,091	840,849	814,659	509,725	762,852	520,286	197,774	344,412
net assets	674,639	639,737	475,438	444,035	425,014	446,465	343,693	321,646	155,501	94,814	81,113	31,158	30,848	85,699
total shareholders funds	674,639	639,737	475,438	444,035	425,014	446,465	343,693	321,646	155,501	94,814	81,113	31,158	30,848	85,699

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-27,410	183,939	39,421	24,210	-27,066	120,161	25,204	206,070	73,504	15,280	62,790	-590	-55,686	89,753
Depreciation	47,457	43,237	37,636	27,651	28,430	29,730	20,047	19,231	17,974	19,604	18,131	23,533	18,385	14,474
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,634	-38,539	-7,366	-4,462	0	-24,107	-5,172	-41,536	-15,172	-3,642	-14,922	-98	0	-25,308
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-461,600	491,509	-558,408	609,532	-781,855	526,741	35,898	184,446	38,683	-41,156	74,976	106,205	-45,384	132,953
Creditors	30,573	96,656	-25,217	271,202	-539,173	405,747	-112,922	-383,864	309,470	-248,903	224,417	322,512	-145,236	343,010
Accruals and Deferred Income	641,933	326,721	-659,371	596,181	-288,060	-231,922	474,570	410,037	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,142,519	120,505	-56,489	305,250	-44,014	-227,132	365,829	25,492	347,093	-176,505	215,440	239,152	-137,153	288,976
Investing Activities
capital expenditure	3,050	-103,779	-18,884	-78,959	11,299	-46,726	-61,107	-2,210	-22,455	-27,252	-39,136	-1,341	-35,924	-57,773
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,050	-103,779	-18,884	-78,959	11,299	-46,726	-61,107	-2,210	-22,455	-27,252	-39,136	-1,341	-35,924	-57,773
Financing Activities
Bank loans	0	0	-3,134	3,134	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-150,000	150,000	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-46,865	46,865	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-2,219	25,000	0	0	0	0	-9,406	9,406	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-9,389	-4,536	-4,224	18,149	0	-1,402	1,402
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	20,620
interest	73,946	18,899	-652	-727	5,615	6,718	2,014	1,611	2,354	2,063	2,086	998	835	635
cash flow from financing	71,727	43,899	-50,651	49,272	-144,385	156,718	-7,392	1,628	-2,182	-2,161	20,235	998	-567	22,657
cash and cash equivalents
cash	1,217,296	60,625	-126,024	275,563	-177,100	-117,140	297,331	24,910	322,457	-205,918	196,540	238,809	-173,644	253,859
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,217,296	60,625	-126,024	275,563	-177,100	-117,140	297,331	24,910	322,457	-205,918	196,540	238,809	-173,644	253,859

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PENMANN CLIMATIC SYSTEMS LTD group structure

Penmann Climatic Systems Ltd has no subsidiary companies.

Ultimate parent company

PENMANN CLIMATIC SYSTEMS LTD

01463993

PENMANN CLIMATIC SYSTEMS LTD Shareholders

penmann (holdings) limited

100%

Penmann Climatic Systems Ltd currently has 2 directors. The longest serving directors include Mr Damian Kirwin (Mar 1991) and Mr John Kirwin (Apr 1997).

officer	country	age	start	end	role
Mr Damian Kirwin		59 years	Mar 1991	-	Director
Mr John Kirwin		64 years	Apr 1997	-	Director

P&L

September 2023

turnover

-30%

operating profit

-27.4k

gross margin

27.7%

+0.23%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

674.6k

+0.05%

total assets

2.5m

+0.39%

cash

2.1m

+1.4%

net assets

Total assets minus all liabilities

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company number

01463993

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

43290 - Other construction installation

incorporation date

November 1979

age

accounts

Small Company

ultimate parent company

None

previous names

pennine process cooling ltd (April 1988)

calisfern limited (July 1982)

incorporated

address

highfield, pool road, pool in wharfedale, otley, west yorkshire, LS21 1EG

last accounts submitted

September 2023

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 penmann climatic systems ltd. Currently there are 2 open charges and 5 have been satisfied in the past.

penmann climatic systems ltd Company Information

penmann climatic systems ltd Estimated Valuation

penmann climatic systems ltd Estimated Valuation

penmann climatic systems ltd Estimated Valuation

Penmann Climatic Systems Ltd Overview

Penmann Climatic Systems Ltd Health Check

PENMANN CLIMATIC SYSTEMS LTD financials

penmann climatic systems ltd Credit Report and Business Information

Penmann Climatic Systems Ltd Competitor Analysis

penmann climatic systems ltd Ownership

penmann climatic systems ltd directors

penmann climatic systems ltd company details

penmann climatic systems ltd Charges & Mortgages

penmann climatic systems ltd Companies House Filings - See Documents