Castle Microwave Limited

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castle microwave limited Company Information

Live

MatureMidHigh

Company Number

01874256

Website

www.castlemicrowave.com

Registered Address

5 the pentangle, park street, newbury, berkshire, RG14 1EA

Industry

Wholesale of electronic and telecommunications equipment and parts

Telephone

01635271300

Next Accounts Due

March 2025

Group Structure

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Directors

Mark Eidem31 Years

Craig Wright10 Years

View All

Shareholders

castle group holdings ltd 100%

castle microwave limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of CASTLE MICROWAVE LIMITED at £6.9m based on Net Assets of £3.5m and 1.95x industry multiple (adjusted for liquidity).

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Castle Microwave Limited is a live company located in newbury, RG14 1EA with a Companies House number of 01874256. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in December 1984, it's largest shareholder is castle group holdings ltd with a 100% stake. Castle Microwave Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.1m with high growth in recent years.

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Pomanda's financial health check has awarded Castle Microwave Limited a 5 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 Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £8.1m, make it smaller than the average company (£15.3m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7%)

EXPORT

Castle Microwave Limited's latest turnover from June 2023 is estimated at £8.1 million and the company has net assets of £3.5 million. According to their latest financial statements, Castle Microwave Limited has 18 employees and maintains cash reserves of £488.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	8,143,808	6,218,679	3,185,144	4,372,446	7,204,064	4,865,997	4,453,343	5,716,064	12,843,314	5,567,598	7,079,307	6,597,995	6,442,551	5,395,720
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,191,043	4,773,225	2,433,337	3,257,762	5,416,994	3,694,607	3,404,791	4,321,713	9,588,220	4,116,410	5,396,246	4,905,107	4,745,523	3,896,965
Gross Profit	1,952,765	1,445,454	751,807	1,114,684	1,787,070	1,171,390	1,048,552	1,394,351	3,255,094	1,451,188	1,683,061	1,692,888	1,697,028	1,498,755
Admin Expenses	1,443,693	2,541,942	312,341	359,003	1,248,925	836,743	661,731	1,045,691	3,334,796	1,177,516	1,077,045	1,206,850	1,191,304	1,008,843
Operating Profit	509,072	-1,096,488	439,466	755,681	538,145	334,647	386,821	348,660	-79,702	273,672	606,016	486,038	505,724	489,912
Interest Payable	37,583	32,021	30,246	15,250	0	16,714	47,263	32,439	0	0	0	1,751	2,452	2,122
Interest Receivable	25,986	9,720	768	283	958	869	750	1,201	5,196	6,037	7,498	6,044	10,435	4,019
Pre-Tax Profit	497,475	-1,118,789	409,989	740,715	539,104	318,801	340,307	317,423	-74,506	279,709	613,514	490,331	513,707	491,809
Tax	-124,369	0	-77,898	-140,736	-102,430	-60,572	-64,658	-63,484	0	-65,934	-143,000	-111,391	-144,248	-121,410
Profit After Tax	373,106	-1,118,789	332,091	599,979	436,674	258,229	275,649	253,938	-74,506	213,775	470,514	378,940	369,459	370,399
Dividends Paid	0	0	0	0	0	0	0	0	0	0	78,668	145,000	0	0
Retained Profit	373,106	-1,118,789	332,091	599,979	436,674	258,229	275,649	253,938	-74,506	213,775	391,846	233,940	369,459	370,399
Employee Costs	995,214	950,103	783,957	774,759	784,077	764,831	725,453	721,853	1,658,323	717,391	930,844	858,053	808,966	746,347
Number Of Employees	18	18	16	16	16	16	16	16	36	17	22	20	20	19
EBITDA*	538,561	-1,070,083	464,980	780,290	562,198	359,619	417,121	382,242	-39,150	303,542	627,447	506,350	531,748	512,982

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	66,935	90,615	115,157	102,009	97,314	113,274	106,023	116,485	150,067	164,284	75,579	74,608	92,487	85,817
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	200	200	200	200	200	200	200	200	200	200	200	200	200	200
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	67,135	90,815	115,357	102,209	97,514	113,474	106,223	116,685	150,267	164,484	75,779	74,808	92,687	86,017
Stock & work in progress	130,835	360,471	95,911	85,804	80,366	66,098	46,332	54,537	35,896	174,314	93,280	29,158	44,630	142,931
Trade Debtors	1,905,993	1,160,557	497,561	1,091,118	1,636,879	826,059	860,235	1,191,022	3,406,434	896,375	740,656	1,174,994	761,715	679,741
Group Debtors	3,370,498	3,172,186	4,150,421	3,815,724	3,449,484	3,207,087	3,038,609	2,891,589	0	0	0	3,668	72,675	2,175
Misc Debtors	266,891	201,147	90,971	95,492	66,368	91,581	74,110	80,691	0	55,696	53,565	195,363	61,288	50,859
Cash	488,745	550,699	1,004,556	532,349	34,610	220,947	126,691	472,920	7,524	2,070,889	1,956,618	1,435,030	1,076,320	813,929
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,162,962	5,445,060	5,839,420	5,620,487	5,267,707	4,411,772	4,145,977	4,690,759	3,449,854	3,197,274	2,844,119	2,838,213	2,016,628	1,689,635
total assets	6,230,097	5,535,875	5,954,777	5,722,696	5,365,221	4,525,246	4,252,200	4,807,444	3,600,121	3,361,758	2,919,898	2,913,021	2,109,315	1,775,652
Bank overdraft	0	0	0	0	0	0	514,289	905,349	0	0	0	2,392	11,182	11,178
Bank loan	100,000	100,000	100,000	45,455	0	0	0	0	0	0	0	0	0	0
Trade Creditors	987,761	1,002,050	399,092	332,540	1,140,319	947,030	680,426	1,060,273	1,222,263	801,991	535,340	595,735	393,858	405,805
Group/Directors Accounts	203	203	203	203	203	203	203	203	0	203	203	203	203	203
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	416	10,413	10,824	11,218	11,218	2,100	18,754	0	30,505	0	0	8,818	12,410
other current liabilities	1,402,962	965,116	746,139	910,853	843,953	620,312	386,965	336,390	0	308,102	395,769	717,951	330,062	330,322
total current liabilities	2,490,926	2,067,785	1,255,847	1,299,875	1,995,693	1,578,763	1,583,983	2,320,969	1,222,263	1,140,801	931,312	1,316,281	744,123	759,918
loans	191,667	291,667	391,667	454,545	0	0	0	92,768	0	0	0	0	2,392	13,575
hp & lease commitments	0	0	10,000	5,413	8,819	20,037	0	0	0	0	0	0	0	8,818
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	232,326	0	0	0	0	0
provisions	8,772	10,797	12,848	10,539	8,364	10,775	10,775	11,914	17,677	18,596	0	0	0	0
total long term liabilities	200,439	302,464	414,515	470,497	17,183	30,812	10,775	104,682	250,003	18,596	0	0	2,392	22,393
total liabilities	2,691,365	2,370,249	1,670,362	1,770,372	2,012,876	1,609,575	1,594,758	2,425,651	1,472,266	1,159,397	931,312	1,316,281	746,515	782,311
net assets	3,538,732	3,165,626	4,284,415	3,952,324	3,352,345	2,915,671	2,657,442	2,381,793	2,127,855	2,202,361	1,988,586	1,596,740	1,362,800	993,341
total shareholders funds	3,538,732	3,165,626	4,284,415	3,952,324	3,352,345	2,915,671	2,657,442	2,381,793	2,127,855	2,202,361	1,988,586	1,596,740	1,362,800	993,341

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	509,072	-1,096,488	439,466	755,681	538,145	334,647	386,821	348,660	-79,702	273,672	606,016	486,038	505,724	489,912
Depreciation	29,489	26,405	25,514	24,609	24,053	24,972	30,300	33,582	40,552	29,870	21,431	20,312	26,024	23,070
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-124,369	0	-77,898	-140,736	-102,430	-60,572	-64,658	-63,484	0	-65,934	-143,000	-111,391	-144,248	-121,410
Stock	-229,636	264,560	10,107	5,438	14,268	19,766	-8,205	18,641	-138,418	81,034	64,122	-15,472	-98,301	142,931
Debtors	1,009,492	-205,063	-263,381	-150,397	1,028,004	151,773	-190,348	756,868	2,454,363	157,850	-579,804	478,347	162,903	732,775
Creditors	-14,289	602,958	66,552	-807,779	193,289	266,604	-379,847	-161,990	420,272	266,651	-60,395	201,877	-11,947	405,805
Accruals and Deferred Income	437,846	218,977	-164,714	66,900	223,641	233,347	50,575	336,390	-308,102	-87,667	-322,182	387,889	-260	330,322
Deferred Taxes & Provisions	-2,025	-2,051	2,309	2,175	-2,411	0	-1,139	-5,763	-919	18,596	0	0	0	0
Cash flow from operations	55,868	-309,696	544,503	45,809	-167,985	627,459	220,605	-288,114	-2,243,844	196,304	617,552	521,850	310,691	251,993
Investing Activities
capital expenditure	-5,809	-1,863	-38,662	-29,304	-8,093	-32,223	-19,838	0	-26,335	-118,575	-22,402	-2,433	-32,694	-108,887
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	200
cash flow from investments	-5,809	-1,863	-38,662	-29,304	-8,093	-32,223	-19,838	0	-26,335	-118,575	-22,402	-2,433	-32,694	-109,087
Financing Activities
Bank loans	0	0	54,545	45,455	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	203	-203	0	0	0	0	203
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-100,000	-100,000	-62,878	454,545	0	0	-92,768	92,768	0	0	0	-2,392	-11,183	13,575
Hire Purchase and Lease Commitments	-416	-19,997	4,176	-3,800	-11,218	29,155	-16,654	18,754	-30,505	30,505	0	-8,818	-12,410	21,228
other long term liabilities	0	0	0	0	0	0	0	-232,326	232,326	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	622,942
interest	-11,597	-22,301	-29,478	-14,967	958	-15,845	-46,513	-31,238	5,196	6,037	7,498	4,293	7,983	1,897
cash flow from financing	-112,013	-142,298	-33,635	481,233	-10,260	13,310	-155,935	-151,839	206,814	36,542	7,498	-6,917	-15,610	659,845
cash and cash equivalents
cash	-61,954	-453,857	472,207	497,739	-186,337	94,256	-346,229	465,396	-2,063,365	114,271	521,588	358,710	262,391	813,929
overdraft	0	0	0	0	0	-514,289	-391,060	905,349	0	0	-2,392	-8,790	4	11,178
change in cash	-61,954	-453,857	472,207	497,739	-186,337	608,545	44,831	-439,953	-2,063,365	114,271	523,980	367,500	262,387	802,751

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CASTLE MICROWAVE LIMITED group structure

Castle Microwave Limited has 1 subsidiary company.

Ultimate parent company

CONNEXION MICROWAVE TECHNOLOGIES LIMITED

08725884

ALPHAMATES LIMITED

02247641

2 parents

CASTLE MICROWAVE LIMITED

01874256

1 subsidiary

CASTLE MICROWAVE SYSTEMS LIMITED

01603497

CASTLE MICROWAVE LIMITED Shareholders

castle group holdings ltd

100%

Castle Microwave Limited currently has 3 directors. The longest serving directors include Mr Mark Eidem (Jun 1993) and Mr Craig Wright (May 2014).

officer	country	age	start	end	role
Mr Mark Eidem		60 years	Jun 1993	-	Director
Mr Craig Wright	United Kingdom	55 years	May 2014	-	Director
Mr Richard Eldridge		46 years	Feb 2015	-	Director

P&L

June 2023

turnover

8.1m

+31%

operating profit

509.1k

gross margin

24%

+3.16%

turnover

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

Balance Sheet

June 2023

net assets

3.5m

+0.12%

total assets

6.2m

+0.13%

cash

488.7k

-0.11%

net assets

Total assets minus all liabilities

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company number

01874256

Type

Private limited with Share Capital

industry

46520 - Wholesale of electronic and telecommunications equipment and parts

incorporation date

December 1984

age

accounts

Total Exemption Full

ultimate parent company

CONNEXION MICROWAVE TECHNOLOGIES LIMITED

previous names

castle microwave systems limited (May 1988)

castle microwave (henley) limited (June 1985)

incorporated

address

5 the pentangle, park street, newbury, berkshire, RG14 1EA

last accounts submitted

June 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 6 charges/mortgages relating to castle microwave limited. Currently there are 6 open charges and 0 have been satisfied in the past.

castle microwave limited Company Information

castle microwave limited Estimated Valuation

castle microwave limited Estimated Valuation

castle microwave limited Estimated Valuation

Castle Microwave Limited Overview

Castle Microwave Limited Health Check

CASTLE MICROWAVE LIMITED financials

castle microwave limited Credit Report and Business Information

Castle Microwave Limited Competitor Analysis

castle microwave limited Ownership

castle microwave limited directors

castle microwave limited company details

castle microwave limited Charges & Mortgages

castle microwave limited Companies House Filings - See Documents