thermo electron limited

thermo electron limited Company Information

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Company Number

01735858

Industry

Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

 

Directors

Euan Cameron

Anthony Smith

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Shareholders

life sciences international ltd

Group Structure

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Contact

Registered Address

3rd floor, 1 ashley road, altrincham, cheshire, WA14 2DT

thermo electron limited Estimated Valuation

£149.6m

Pomanda estimates the enterprise value of THERMO ELECTRON LIMITED at £149.6m based on a Turnover of £46.9m and 3.19x industry multiple (adjusted for size and gross margin).

thermo electron limited Estimated Valuation

£457.5m

Pomanda estimates the enterprise value of THERMO ELECTRON LIMITED at £457.5m based on an EBITDA of £24.6m and a 18.57x industry multiple (adjusted for size and gross margin).

thermo electron limited Estimated Valuation

£63.7m

Pomanda estimates the enterprise value of THERMO ELECTRON LIMITED at £63.7m based on Net Assets of £25.3m and 2.52x industry multiple (adjusted for liquidity).

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Thermo Electron Limited Overview

Thermo Electron Limited is a live company located in cheshire, WA14 2DT with a Companies House number of 01735858. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in June 1983, it's largest shareholder is life sciences international ltd with a 100% stake. Thermo Electron Limited is a mature, large sized company, Pomanda has estimated its turnover at £46.9m with healthy growth in recent years.

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Thermo Electron Limited Health Check

Pomanda's financial health check has awarded Thermo Electron Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £46.9m, make it larger than the average company (£12.8m)

£46.9m - Thermo Electron Limited

£12.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.2%)

9% - Thermo Electron Limited

8.2% - Industry AVG

production

Production

with a gross margin of 77.5%, this company has a lower cost of product (40.8%)

77.5% - Thermo Electron Limited

40.8% - Industry AVG

profitability

Profitability

an operating margin of 49.2% make it more profitable than the average company (8.9%)

49.2% - Thermo Electron Limited

8.9% - Industry AVG

employees

Employees

with 165 employees, this is above the industry average (68)

165 - Thermo Electron Limited

68 - Industry AVG

paystructure

Pay Structure

on an average salary of £81.4k, the company has a higher pay structure (£54.5k)

£81.4k - Thermo Electron Limited

£54.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £284.5k, this is more efficient (£202.5k)

£284.5k - Thermo Electron Limited

£202.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is near the average (50 days)

51 days - Thermo Electron Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (38 days)

11 days - Thermo Electron Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (95 days)

1 days - Thermo Electron Limited

95 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Thermo Electron Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.6%, this is a higher level of debt than the average (38.8%)

74.6% - Thermo Electron Limited

38.8% - Industry AVG

THERMO ELECTRON LIMITED financials

EXPORTms excel logo

Thermo Electron Limited's latest turnover from December 2023 is £46.9 million and the company has net assets of £25.3 million. According to their latest financial statements, Thermo Electron Limited has 165 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover46,944,00047,563,00044,466,00036,142,00032,019,00034,089,00032,396,00027,695,00025,437,00022,121,00029,955,00036,227,00043,653,00044,186,00038,814,000
Other Income Or Grants000000000000000
Cost Of Sales10,577,00011,567,00016,304,00012,080,00010,546,00011,900,0009,874,0007,476,0007,499,0006,737,00011,831,00015,579,00021,706,00025,895,00024,025,000
Gross Profit36,367,00035,996,00028,162,00024,062,00021,473,00022,189,00022,522,00020,219,00017,938,00015,384,00018,124,00020,648,00021,947,00018,291,00014,789,000
Admin Expenses13,273,00010,939,0009,374,0007,818,0007,979,0008,184,0007,558,0006,981,0006,234,0008,802,0009,764,00011,951,00011,956,00013,378,00010,785,000
Operating Profit23,094,00025,057,00018,788,00016,244,00013,494,00014,005,00014,964,00013,238,00011,704,0006,582,0008,360,0008,697,0009,991,0004,913,0004,004,000
Interest Payable000000000000001,000
Interest Receivable2,809,0001,391,000740,000876,0001,604,0001,792,0002,319,0002,546,0002,478,0002,165,0001,310,000891,000898,000715,000775,000
Pre-Tax Profit25,903,00026,448,00019,528,00017,120,00015,098,00014,005,00017,283,00015,784,00016,582,0008,747,00011,358,00010,075,00010,889,0005,629,0004,778,000
Tax-4,640,000-455,000-5,035,000-1,467,000-16,0001,792,000-21,00033,000-220,000-388,00012,000-101,000-294,000614,000-237,000
Profit After Tax21,263,00025,993,00014,493,00015,653,00015,082,00015,797,00017,262,00015,817,00016,362,0008,359,00011,370,0009,974,00010,595,0006,243,0004,541,000
Dividends Paid000000000000000
Retained Profit21,263,00025,993,00014,493,00015,653,00015,082,00015,797,00017,262,00015,817,00016,362,0008,359,00011,370,0009,974,00010,595,0006,243,0004,541,000
Employee Costs13,423,00010,063,0008,258,0007,479,0007,567,0007,372,0007,072,0007,176,0006,736,0005,902,0009,914,00011,170,00010,548,00012,838,0009,668,000
Number Of Employees165175175132127141134144151127160224248263213
EBITDA*24,632,00026,083,00019,499,00016,351,00014,339,00014,815,00015,670,00013,880,00012,142,0006,990,0009,145,0009,509,00010,617,0005,599,0004,440,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets5,010,0006,923,0006,755,0004,853,0004,002,0004,111,0003,863,0003,470,0003,603,0002,521,0002,357,0002,791,0003,020,0003,253,0002,470,000
Intangible Assets000000000004,270,0004,497,000221,0000
Investments & Other000000000000000
Debtors (Due After 1 year)54,209,00054,064,0000000000000000
Total Fixed Assets59,219,00060,987,0006,755,0004,853,0004,002,0004,111,0003,863,0003,470,0003,603,0002,521,0002,357,0007,061,0007,517,0003,474,0002,470,000
Stock & work in progress33,000661,000230,000172,000177,000162,000409,000216,000349,000263,000285,0001,147,0001,512,0002,172,0001,562,000
Trade Debtors6,569,0004,737,0004,424,0005,283,0002,060,0003,135,0002,501,0002,015,0001,993,0001,626,0002,026,0003,683,0004,076,0003,146,0004,143,000
Group Debtors31,023,00041,226,000113,419,00081,045,00065,478,000154,078,00064,512,00078,766,00079,477,00072,074,00077,167,00020,773,00016,038,00016,668,00016,118,000
Misc Debtors2,445,0002,704,0003,561,0002,879,0002,238,0001,697,0001,357,0001,146,000958,0001,172,000963,0001,868,0001,383,0002,145,0001,333,000
Cash0268,000177,0000031,00075,332,00044,213,00027,586,00017,463,0002,855,00042,413,00032,171,00024,746,00017,294,000
misc current assets301,000301,0000000000000000
total current assets40,371,00049,897,000121,811,00089,379,00069,953,000159,103,000144,111,000126,356,000110,363,00092,598,00083,296,00069,884,00055,180,00048,877,00040,450,000
total assets99,590,000110,884,000128,566,00094,232,00073,955,000163,214,000147,974,000129,826,000113,966,00095,119,00085,653,00076,945,00062,697,00052,351,00042,920,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 327,0001,328,0001,182,000506,000666,000889,000903,000617,000631,000596,000699,0001,007,000747,0001,086,000749,000
Group/Directors Accounts61,064,00060,336,00038,217,00024,594,00022,639,00023,201,00022,696,00022,571,00022,609,00018,279,00018,218,00017,062,00013,247,00013,388,00010,601,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities11,509,0008,903,00012,208,0007,334,0004,565,0003,805,0004,673,0004,057,0003,773,0004,418,0003,224,0004,314,0004,609,0004,594,0005,614,000
total current liabilities72,900,00070,567,00051,607,00032,434,00027,870,00027,895,00028,272,00027,245,00027,013,00023,293,00022,141,00022,383,00018,603,00019,068,00016,964,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income00000000000510,000510,000510,000133,000
other liabilities1,419,0001,564,000169,000169,000113,0000000000000
provisions001,098,000306,000290,000288,000286,000267,000292,0001,122,0001,226,0001,763,0001,555,0001,532,0001,051,000
total long term liabilities1,419,0001,564,0001,267,000475,000403,000288,000286,000267,000292,0001,122,0001,226,0002,273,0002,065,0002,042,0001,184,000
total liabilities74,319,00072,131,00052,874,00032,909,00028,273,00028,183,00028,558,00027,512,00027,305,00024,415,00023,367,00024,656,00020,668,00021,110,00018,148,000
net assets25,271,00038,753,00075,692,00061,323,00045,682,000135,031,000119,416,000102,314,00086,661,00070,704,00062,286,00052,289,00042,029,00031,241,00024,772,000
total shareholders funds25,271,00038,753,00075,692,00061,323,00045,682,000135,031,000119,416,000102,314,00086,661,00070,704,00062,286,00052,289,00042,029,00031,241,00024,772,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit23,094,00025,057,00018,788,00016,244,00013,494,00014,005,00014,964,00013,238,00011,704,0006,582,0008,360,0008,697,0009,991,0004,913,0004,004,000
Depreciation1,538,0001,026,000711,000107,000845,000810,000706,000642,000438,000408,000558,000585,000626,000686,000436,000
Amortisation0000000000227,000227,000000
Tax-4,640,000-455,000-5,035,000-1,467,000-16,0001,792,000-21,00033,000-220,000-388,00012,000-101,000-294,000614,000-237,000
Stock-628,000431,00058,000-5,00015,000-247,000193,000-133,00086,000-22,000-862,000-365,000-660,000610,0001,562,000
Debtors-8,485,000-18,673,00032,197,00019,431,000-89,134,00090,540,000-13,557,000-501,0007,556,000-5,284,00053,832,0004,827,000-462,000365,00021,594,000
Creditors-1,001,000146,000676,000-160,000-223,000-14,000286,000-14,00035,000-103,000-308,000260,000-339,000337,000749,000
Accruals and Deferred Income2,606,000-3,305,0004,874,0002,769,000760,000-868,000616,000284,000-645,0001,194,000-1,600,000-295,00015,000-643,0005,747,000
Deferred Taxes & Provisions0-1,098,000792,00016,0002,0002,00019,000-25,000-830,000-104,000-537,000208,00023,000481,0001,051,000
Cash flow from operations30,710,00039,613,000-11,449,000-1,917,000103,981,000-74,566,00029,934,00014,792,0002,840,00012,895,000-46,258,0005,119,00011,144,0005,413,000-11,406,000
Investing Activities
capital expenditure375,000-1,194,000-2,613,000-958,000-736,000-1,058,000-1,099,000-509,000-1,520,000-572,0003,919,000-356,000-4,669,000-1,690,000-2,906,000
Change in Investments000000000000000
cash flow from investments375,000-1,194,000-2,613,000-958,000-736,000-1,058,000-1,099,000-509,000-1,520,000-572,0003,919,000-356,000-4,669,000-1,690,000-2,906,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts728,00022,119,00013,623,0001,955,000-562,000505,000125,000-38,0004,330,00061,0001,156,0003,815,000-141,0002,787,00010,601,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-145,0001,395,000056,000113,0000000000000
share issue-34,745,000-62,932,000-124,000-12,000-104,431,000-182,000-160,000-164,000-405,00059,000-1,373,000286,000193,000226,00020,231,000
interest2,809,0001,391,000740,000876,0001,604,0001,792,0002,319,0002,546,0002,478,0002,165,0001,310,000891,000898,000715,000774,000
cash flow from financing-31,353,000-38,027,00014,239,0002,875,000-103,276,0002,115,0002,284,0002,344,0006,403,0002,285,0001,093,0004,992,000950,0003,728,00031,606,000
cash and cash equivalents
cash-268,00091,000177,0000-31,000-75,301,00031,119,00016,627,00010,123,00014,608,000-39,558,00010,242,0007,425,0007,452,00017,294,000
overdraft000000000000000
change in cash-268,00091,000177,0000-31,000-75,301,00031,119,00016,627,00010,123,00014,608,000-39,558,00010,242,0007,425,0007,452,00017,294,000

thermo electron limited Credit Report and Business Information

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Moderate Risk30 - 50
High Risk20 - 30
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Thermo Electron Limited Competitor Analysis

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Perform a competitor analysis for thermo electron limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in WA14 area or any other competitors across 12 key performance metrics.

thermo electron limited Ownership

THERMO ELECTRON LIMITED group structure

Thermo Electron Limited has no subsidiary companies.

Ultimate parent company

THERMO FISHER SCIENTIFIC INC

#0013877

2 parents

THERMO ELECTRON LIMITED

01735858

THERMO ELECTRON LIMITED Shareholders

life sciences international ltd 100%

thermo electron limited directors

Thermo Electron Limited currently has 5 directors. The longest serving directors include Mr Euan Cameron (Oct 2018) and Mr Anthony Smith (Nov 2018).

officercountryagestartendrole
Mr Euan CameronUnited Kingdom48 years Oct 2018- Director
Mr Anthony SmithUnited Kingdom62 years Nov 2018- Director
Mr Syed AhmedUnited Kingdom45 years Mar 2020- Director
Ms Alison StarrUnited Kingdom48 years Apr 2024- Director
Ms Georgina GreenUnited Kingdom54 years Apr 2024- Director

P&L

December 2023

turnover

46.9m

-1%

operating profit

23.1m

-8%

gross margin

77.5%

+2.36%

turnover

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

Balance Sheet

December 2023

net assets

25.3m

-0.35%

total assets

99.6m

-0.1%

cash

0

-1%

net assets

Total assets minus all liabilities

thermo electron limited company details

company number

01735858

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 1983

age

42

incorporated

UK

ultimate parent company

THERMO FISHER SCIENTIFIC INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

thermo life sciences limited (October 2004)

thermoquest scientific equipment group ltd (November 2000)

See more

accountant

-

auditor

MITCHELL CHARLESWORTH (AUDIT) LIMITED

address

3rd floor, 1 ashley road, altrincham, cheshire, WA14 2DT

Bank

BARCLAYS BANK PLC

Legal Advisor

ADDLESHAW GODDARD

thermo electron 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 1 charges/mortgages relating to thermo electron limited. Currently there are 0 open charges and 1 have been satisfied in the past.

thermo electron 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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thermo electron limited Companies House Filings - See Documents

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