petrel limited
petrel limited Company Information
Company Number
01539429
Next Accounts
36 days late
Shareholders
petrel pioneer limited
Group Structure
View All
Industry
Manufacture of electric lighting equipment
Registered Address
1 mercer street, london, WC2H 9QJ
Website
www.petrel-ex.co.ukpetrel limited Estimated Valuation
Pomanda estimates the enterprise value of PETREL LIMITED at £2.1m based on a Turnover of £3.8m and 0.54x industry multiple (adjusted for size and gross margin).
petrel limited Estimated Valuation
Pomanda estimates the enterprise value of PETREL LIMITED at £2.1m based on an EBITDA of £540.8k and a 3.8x industry multiple (adjusted for size and gross margin).
petrel limited Estimated Valuation
Pomanda estimates the enterprise value of PETREL LIMITED at £4m based on Net Assets of £2.2m and 1.8x industry multiple (adjusted for liquidity).
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Petrel Limited Overview
Petrel Limited is a live company located in london, WC2H 9QJ with a Companies House number of 01539429. It operates in the manufacture of electric lighting equipment sector, SIC Code 27400. Founded in January 1981, it's largest shareholder is petrel pioneer limited with a 100% stake. Petrel Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.
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Petrel Limited Health Check
Pomanda's financial health check has awarded Petrel Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £3.8m, make it smaller than the average company (£11.3m)
£3.8m - Petrel Limited
£11.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (1.6%)
8% - Petrel Limited
1.6% - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (35.1%)
33.7% - Petrel Limited
35.1% - Industry AVG
Profitability
an operating margin of 13.4% make it more profitable than the average company (8.5%)
13.4% - Petrel Limited
8.5% - Industry AVG
Employees
with 23 employees, this is below the industry average (56)
23 - Petrel Limited
56 - Industry AVG
Pay Structure
on an average salary of £41.3k, the company has an equivalent pay structure (£44.1k)
£41.3k - Petrel Limited
£44.1k - Industry AVG
Efficiency
resulting in sales per employee of £166.5k, this is equally as efficient (£181.4k)
£166.5k - Petrel Limited
£181.4k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (58 days)
77 days - Petrel Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (34 days)
95 days - Petrel Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 93 days, this is in line with average (103 days)
93 days - Petrel Limited
103 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (17 weeks)
78 weeks - Petrel Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.5%, this is a similar level of debt than the average (48.4%)
50.5% - Petrel Limited
48.4% - Industry AVG
PETREL LIMITED financials
Petrel Limited's latest turnover from May 2023 is £3.8 million and the company has net assets of £2.2 million. According to their latest financial statements, Petrel Limited has 23 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,828,619 | 3,232,162 | 3,122,599 | 3,036,703 | 3,614,813 | 3,757,027 | 3,604,124 | 2,916,638 | 3,952,818 | 3,500,659 | 3,243,308 | 3,002,822 | 3,316,096 | 2,957,289 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 2,536,994 | 2,101,407 | 2,239,552 | 2,266,697 | 2,495,221 | 2,628,053 | 2,595,435 | 2,151,834 | 2,643,359 | 2,487,768 | 2,204,031 | 2,090,879 | 2,311,289 | 2,115,908 |
| Gross Profit | 1,291,625 | 1,130,755 | 883,047 | 770,006 | 1,119,592 | 1,128,974 | 1,008,689 | 764,804 | 1,309,459 | 1,012,891 | 1,039,277 | 911,943 | 1,004,807 | 841,381 |
| Admin Expenses | 778,782 | 511,865 | 1,410,754 | 887,846 | 868,371 | 899,482 | 827,075 | 839,713 | 701,151 | 747,829 | 746,778 | 708,489 | 642,498 | |
| Operating Profit | 512,843 | 618,890 | -527,707 | -117,840 | 251,221 | 229,492 | 181,614 | 469,746 | 311,740 | 291,448 | 165,165 | 296,318 | 198,883 | |
| Interest Payable | 32,195 | 11,428 | 3,191 | 5,629 | ||||||||||
| Interest Receivable | 74,890 | 13,306 | 4,533 | 6,782 | 14,684 | 4,776 | 6,896 | 6,499 | 1,687 | 9,217 | 4,480 | 7,909 | 5,470 | 4,127 |
| Pre-Tax Profit | 555,538 | 620,768 | -526,365 | -116,687 | 265,905 | 234,268 | 188,510 | 88,267 | 476,673 | 335,677 | 295,928 | 174,824 | 307,389 | 203,010 |
| Tax | -3,207 | 45,489 | 91,140 | 49,868 | -26,643 | -29,571 | -17,933 | -6,106 | -92,881 | -28,811 | -18,499 | -14,801 | -55,221 | -19,129 |
| Profit After Tax | 552,331 | 666,257 | -435,225 | -66,819 | 239,262 | 204,697 | 170,577 | 82,161 | 383,792 | 306,866 | 277,429 | 160,023 | 252,168 | 183,881 |
| Dividends Paid | 600,000 | 860,000 | 175,000 | 400,000 | ||||||||||
| Retained Profit | 552,331 | 666,257 | -435,225 | -66,819 | 239,262 | 204,697 | 170,577 | 82,161 | -216,208 | -553,134 | 277,429 | -14,977 | -147,832 | 183,881 |
| Employee Costs | 949,930 | 827,988 | 841,310 | 1,101,973 | 1,169,129 | 1,198,978 | 1,113,423 | 946,229 | 1,065,928 | 939,819 | 871,515 | 850,192 | 931,457 | 838,835 |
| Number Of Employees | 23 | 23 | 23 | 28 | 33 | 34 | 34 | 31 | 36 | 36 | 32 | 30 | 33 | 33 |
| EBITDA* | 540,845 | 654,046 | -467,083 | -70,599 | 324,846 | 308,069 | 263,510 | 553,249 | 411,295 | 377,591 | 244,944 | 354,926 | 260,121 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 56,597 | 6,981 | 13,935 | 15,659 | 31,060 | 72,271 | 138,310 | 208,225 | 280,846 | 131,131 | 154,157 | 153,755 | 154,108 | 160,416 |
| Intangible Assets | 52,839 | 63,124 | 67,816 | 101,740 | 102,963 | 105,685 | 79,742 | 27,043 | 24,604 | 33,119 | 50,316 | 41,393 | 15,619 | 21,796 |
| Investments & Other | 76,847 | 74,663 | 78,723 | 57,276 | 61,811 | 60,025 | 55,908 | 44,100 | 44,951 | |||||
| Debtors (Due After 1 year) | 850,000 | 850,000 | ||||||||||||
| Total Fixed Assets | 186,283 | 144,768 | 160,474 | 174,675 | 195,834 | 237,981 | 273,960 | 279,368 | 350,401 | 164,250 | 204,473 | 195,148 | 1,019,727 | 1,032,212 |
| Stock & work in progress | 652,134 | 595,535 | 426,155 | 511,675 | 565,415 | 485,487 | 466,153 | 383,021 | 381,817 | 361,843 | 384,652 | 375,723 | 406,548 | 379,454 |
| Trade Debtors | 807,984 | 670,382 | 489,464 | 548,246 | 694,593 | 831,983 | 993,359 | 467,195 | 802,629 | 744,290 | 717,285 | 606,882 | 620,689 | 624,159 |
| Group Debtors | 334,194 | 458,824 | 454,651 | 667,142 | 697,000 | 607,522 | 601,889 | |||||||
| Misc Debtors | 59,840 | 88,949 | 115,398 | 44,568 | 7,850 | 7,803 | 8,731 | 9,051 | 15,408 | 39,132 | 34,064 | 35,088 | 8,107 | 13,787 |
| Cash | 2,462,933 | 1,632,264 | 610,978 | 334,254 | 175,293 | 634,701 | 212,238 | 468,585 | 282,140 | 360,452 | 247,467 | 177,200 | 224,652 | 268,571 |
| misc current assets | 28,115 | 31,898 | ||||||||||||
| total current assets | 4,317,085 | 3,445,954 | 2,096,646 | 2,105,885 | 2,140,151 | 1,959,974 | 1,680,481 | 1,327,852 | 1,481,994 | 1,505,717 | 1,990,990 | 1,796,782 | 1,288,111 | 1,317,869 |
| total assets | 4,503,368 | 3,590,722 | 2,257,120 | 2,280,560 | 2,335,985 | 2,197,955 | 1,954,441 | 1,607,220 | 1,832,395 | 1,669,967 | 2,195,463 | 1,991,930 | 2,307,838 | 2,350,081 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 665,850 | 709,850 | 310,612 | 392,689 | 403,615 | 402,738 | 434,765 | 298,616 | 369,197 | 376,475 | 390,057 | 439,199 | 447,872 | 287,509 |
| Group/Directors Accounts | 29,861 | 50,560 | 7,905 | 91,472 | 56,994 | 32,484 | 260 | 78,148 | 612,031 | 775,933 | ||||
| other short term finances | 621,135 | 402,609 | 58,551 | 6,250 | 6,250 | 6,250 | 6,250 | |||||||
| hp & lease commitments | 8,444 | |||||||||||||
| other current liabilities | 331,054 | 185,376 | 235,878 | 183,465 | 189,835 | 271,245 | 236,806 | 106,494 | 371,477 | 203,823 | 219,827 | 166,693 | 175,385 | 217,554 |
| total current liabilities | 1,626,483 | 1,297,835 | 546,490 | 634,705 | 623,311 | 724,543 | 685,726 | 502,832 | 803,918 | 619,032 | 610,144 | 684,040 | 1,235,288 | 1,280,996 |
| loans | 6,250 | 12,500 | 18,750 | 283,506 | 84,209 | |||||||||
| hp & lease commitments | 31,667 | |||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 616,000 | 616,000 | 700,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 48,000 | ||||
| total long term liabilities | 647,667 | 616,000 | 700,000 | 200,000 | 200,000 | 200,000 | 200,000 | 206,250 | 212,500 | 18,750 | 283,506 | 132,209 | ||
| total liabilities | 2,274,150 | 1,913,835 | 1,246,490 | 834,705 | 823,311 | 924,543 | 885,726 | 709,082 | 1,016,418 | 637,782 | 610,144 | 684,040 | 1,518,794 | 1,413,205 |
| net assets | 2,229,218 | 1,676,887 | 1,010,630 | 1,445,855 | 1,512,674 | 1,273,412 | 1,068,715 | 898,138 | 815,977 | 1,032,185 | 1,585,319 | 1,307,890 | 789,044 | 936,876 |
| total shareholders funds | 2,229,218 | 1,676,887 | 1,010,630 | 1,445,855 | 1,512,674 | 1,273,412 | 1,068,715 | 898,138 | 815,977 | 1,032,185 | 1,585,319 | 1,307,890 | 789,044 | 936,876 |
| May 2023 | May 2022 | May 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 512,843 | 618,890 | -527,707 | -117,840 | 251,221 | 229,492 | 181,614 | 469,746 | 311,740 | 291,448 | 165,165 | 296,318 | 198,883 | |
| Depreciation | 7,758 | 6,954 | 22,064 | 15,401 | 48,851 | 72,487 | 69,915 | 79,950 | 74,814 | 82,358 | 71,770 | 73,335 | 52,431 | 55,061 |
| Amortisation | 20,244 | 28,202 | 38,560 | 31,840 | 24,774 | 6,090 | 11,981 | 15,868 | 8,689 | 17,197 | 14,373 | 6,444 | 6,177 | 6,177 |
| Tax | -3,207 | 45,489 | 91,140 | 49,868 | -26,643 | -29,571 | -17,933 | -6,106 | -92,881 | -28,811 | -18,499 | -14,801 | -55,221 | -19,129 |
| Stock | 56,599 | 169,380 | -85,520 | -53,740 | 79,928 | 19,334 | 83,132 | 1,204 | 19,974 | -22,809 | 8,929 | -30,825 | 27,094 | 379,454 |
| Debtors | -16,137 | 158,642 | -200,443 | -139,487 | 559,657 | -162,304 | 525,844 | -341,791 | 34,615 | -575,449 | 115,012 | -234,937 | -9,150 | 1,487,946 |
| Creditors | -44,000 | 399,238 | -82,077 | -10,926 | 877 | -32,027 | 136,149 | -70,581 | -7,278 | -13,582 | -49,142 | -8,673 | 160,363 | 287,509 |
| Accruals and Deferred Income | 145,678 | -50,502 | 52,413 | -6,370 | -81,410 | 34,439 | 130,312 | -264,983 | 167,654 | -16,004 | 53,134 | -8,692 | -42,169 | 217,554 |
| Deferred Taxes & Provisions | -84,000 | 500,000 | 200,000 | -48,000 | 48,000 | |||||||||
| Cash flow from operations | 598,854 | 636,249 | 380,356 | 155,200 | -421,915 | 423,880 | -96,938 | 766,155 | 951,156 | 239,143 | 478,540 | 351,955 | -1,073,345 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 2,184 | -4,060 | 21,447 | -4,535 | 1,786 | 4,117 | 11,808 | -851 | 44,951 | |||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -29,861 | -20,699 | 42,655 | -83,567 | 34,478 | 24,510 | 32,224 | -77,888 | -533,883 | -163,902 | 775,933 | |||
| Other Short Term Loans | 218,526 | 402,609 | -58,551 | 58,551 | -6,250 | 6,250 | ||||||||
| Long term loans | -6,250 | -6,250 | -6,250 | 18,750 | -283,506 | 199,297 | 84,209 | |||||||
| Hire Purchase and Lease Commitments | 40,111 | |||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 42,695 | 1,878 | 1,342 | 1,153 | 14,684 | 4,776 | 4,480 | 7,909 | 5,470 | 4,127 | ||||
| cash flow from financing | 301,332 | 404,487 | -57,209 | 29,843 | -6,015 | 41,181 | -73,408 | -275,657 | 40,865 | 1,617,264 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 830,669 | 1,021,286 | 276,724 | 158,961 | -459,408 | 422,463 | -256,347 | 186,445 | -78,312 | 112,985 | 70,267 | -47,452 | -43,919 | 268,571 |
| overdraft | ||||||||||||||
| change in cash | 830,669 | 1,021,286 | 276,724 | 158,961 | -459,408 | 422,463 | -256,347 | 186,445 | -78,312 | 112,985 | 70,267 | -47,452 | -43,919 | 268,571 |
petrel limited Credit Report and Business Information
Petrel Limited Competitor Analysis
Perform a competitor analysis for petrel limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WC2H area or any other competitors across 12 key performance metrics.
petrel limited Ownership
PETREL LIMITED group structure
Petrel Limited has no subsidiary companies.
Ultimate parent company
2 parents
PETREL LIMITED
01539429
petrel limited directors
Petrel Limited currently has 3 directors. The longest serving directors include Mr Brian Quarendon (Feb 2024) and Mr George Nicholson (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Quarendon | England | 66 years | Feb 2024 | - | Director |
| Mr George Nicholson | United Kingdom | 43 years | Feb 2024 | - | Director |
| Mr John Morgan | England | 45 years | Feb 2024 | - | Director |
P&L
May 2023turnover
3.8m
+18%
operating profit
512.8k
-17%
gross margin
33.8%
-3.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
2.2m
+0.33%
total assets
4.5m
+0.25%
cash
2.5m
+0.51%
net assets
Total assets minus all liabilities
petrel limited company details
company number
01539429
Type
Private limited with Share Capital
industry
27400 - Manufacture of electric lighting equipment
incorporation date
January 1981
age
44
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
pfp electrical products ltd. (June 2007)
solenoids and regulators ltd (July 1997)
accountant
-
auditor
MHA
address
1 mercer street, london, WC2H 9QJ
Bank
HSBC BANK PLC
Legal Advisor
-
petrel 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 6 charges/mortgages relating to petrel limited. Currently there are 1 open charges and 5 have been satisfied in the past.
petrel limited Capital Raised & Share Issues BETA
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petrel limited Companies House Filings - See Documents
| date | description | view/download |
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