Michael Smith Switchgear Limited

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michael smith switchgear limited Company Information

Company Number

01933790

Next Accounts

Sep 2025

Directors

Sean Smith

Emily Smith

Shareholders

s & e group management ltd

Group Structure

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Industry

Manufacture of electricity distribution and control apparatus

Registered Address

4 elland road, braunstone frith industrial esta, leicester, leicestershire, LE3 1TU

Website

http://mssl.uk.com

michael smith switchgear limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of MICHAEL SMITH SWITCHGEAR LIMITED at £4.4m based on a Turnover of £5.7m and 0.78x industry multiple (adjusted for size and gross margin).

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Michael Smith Switchgear Limited is a live company located in leicester, LE3 1TU with a Companies House number of 01933790. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in July 1985, it's largest shareholder is s & e group management ltd with a 100% stake. Michael Smith Switchgear Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with high growth in recent years.

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Pomanda's financial health check has awarded Michael Smith Switchgear Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £5.7m, make it smaller than the average company (£16.8m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.8%)

EXPORT

Michael Smith Switchgear Limited's latest turnover from December 2023 is estimated at £5.7 million and the company has net assets of £1.1 million. According to their latest financial statements, Michael Smith Switchgear Limited has 40 employees and maintains cash reserves of £492.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	5,670,363	4,411,117	3,951,963	3,065,165	3,958,901	4,290,040	2,625,568	3,112,089	1,920,334	2,725,046	2,303,049	2,575,992	3,318,294	2,549,173
Other Income Or Grants
Cost Of Sales	4,146,076	3,270,125	2,946,771	2,285,826	2,952,108	3,212,108	1,931,722	2,289,932	1,401,277	1,930,128	1,649,636	1,846,978	2,399,855	1,843,611
Gross Profit	1,524,287	1,140,992	1,005,191	779,339	1,006,794	1,077,932	693,846	822,156	519,057	794,918	653,413	729,014	918,440	705,562
Admin Expenses	1,444,908	849,922	995,733	777,594	992,056	1,028,900	665,045	777,477	353,579	1,047,892	722,412	775,607	672,586	702,938	-1,036,061
Operating Profit	79,379	291,070	9,458	1,745	14,738	49,032	28,801	44,679	165,478	-252,974	-68,999	-46,593	245,854	2,624	1,036,061
Interest Payable	7,500	15,833	6,771
Interest Receivable	21,433	10,500	1,177	549	2,906	2,541	1,936	1,318	1,841	1,513	2,372	2,221	1,416	1,033	678
Pre-Tax Profit	93,312	285,737	3,864	2,294	17,643	51,573	30,737	45,998	167,319	-251,461	-66,627	-44,372	247,270	3,657	1,036,739
Tax	-23,328	-54,290	-734	-436	-3,352	-9,799	-5,840	-9,199	-33,464				-64,290	-1,024	-290,287
Profit After Tax	69,984	231,447	3,130	1,858	14,291	41,774	24,897	36,798	133,855	-251,461	-66,627	-44,372	182,980	2,633	746,452
Dividends Paid
Retained Profit	69,984	231,447	3,130	1,858	14,291	41,774	24,897	36,798	133,855	-251,461	-66,627	-44,372	182,980	2,633	746,452
Employee Costs	2,093,758	1,915,223	1,830,744	1,677,139	1,340,813	1,400,987	1,289,077	1,125,785	499,823	637,926	518,651	532,389	673,550	497,665
Number Of Employees	40	37	37	36	32	31	29	29	13	18	16	16	20	16
EBITDA*	128,440	347,234	53,411	21,239	28,818	58,230	40,417	199,002	184,133	-230,641	-35,737	-8,258	292,782	35,093	1,079,395

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	222,307	212,713	194,280	75,493	58,330	25,578	28,446	53,610	58,725	71,378	110,035	121,000	112,794	83,575	98,326
Intangible Assets
Investments & Other											65,000	90,000	90,000	90,000	90,000
Debtors (Due After 1 year)
Total Fixed Assets	222,307	212,713	194,280	75,493	58,330	25,578	28,446	53,610	58,725	71,378	175,035	211,000	202,794	173,575	188,326
Stock & work in progress	628,124	605,705	544,229	353,159	332,491	275,291	241,956	170,286	154,183	149,396	139,148	106,721	112,711	108,485	107,363
Trade Debtors	1,012,130	941,496	568,367	424,336	842,266	924,403	352,372	719,192	431,027	699,215	543,399	640,284	829,578	716,276	480,524
Group Debtors						50,000	225,000
Misc Debtors	62,315	55,101	97,562	41,921	37,851	41,603	53,555	29,707	27,290					6,837
Cash	492,631	323,869	276,137	665,788	432,428	342,396	335,233	439,127	615,599	120,767	484,584	464,054	424,508	142,041	271,050
misc current assets
total current assets	2,195,200	1,926,171	1,486,295	1,485,204	1,645,036	1,633,693	1,208,116	1,358,312	1,228,099	969,378	1,167,131	1,211,059	1,366,797	973,639	858,937
total assets	2,417,507	2,138,884	1,680,575	1,560,697	1,703,366	1,659,271	1,236,562	1,411,922	1,286,824	1,040,756	1,342,166	1,422,059	1,569,591	1,147,214	1,047,263
Bank overdraft	16,667	100,000	100,000
Bank loan
Trade Creditors	766,417	383,460	381,238	294,277	516,001	551,714	199,914	408,495	358,351	451,221	462,888	457,068	548,659	323,750	213,184
Group/Directors Accounts						26,286	121,053	91,443	779						15,958
other short term finances
hp & lease commitments	18,799	4,641	4,641	4,641
other current liabilities	427,168	501,153	185,969	386,770	345,589	260,160	135,957	152,546	204,418
total current liabilities	1,229,051	989,254	671,848	685,688	861,590	838,160	456,924	652,484	563,548	451,221	462,888	457,068	548,659	323,750	229,142
loans		16,667	116,667
hp & lease commitments		18,799	23,441	28,082
Accruals and Deferred Income
other liabilities													10,587
provisions	50,817	46,509	32,411	13,849	10,556	4,182	4,483	9,180	9,816	9,930	11,543	5,629	6,611	2,710
total long term liabilities	50,817	81,975	172,519	41,931	10,556	4,182	4,483	9,180	9,816	9,930	11,543	5,629	17,198	2,710
total liabilities	1,279,868	1,071,229	844,367	727,619	872,146	842,342	461,407	661,664	573,364	461,151	474,431	462,697	565,857	326,460	229,142
net assets	1,137,639	1,067,655	836,208	833,078	831,220	816,929	775,155	750,258	713,460	579,605	867,735	959,362	1,003,734	820,754	818,121
total shareholders funds	1,137,639	1,067,655	836,208	833,078	831,220	816,929	775,155	750,258	713,460	579,605	867,735	959,362	1,003,734	820,754	818,121

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	79,379	291,070	9,458	1,745	14,738	49,032	28,801	44,679	165,478	-252,974	-68,999	-46,593	245,854	2,624	1,036,061
Depreciation	49,061	56,164	43,953	19,494	14,080	9,198	11,616	154,323	18,655	22,333	33,262	38,335	46,928	32,469	43,334
Amortisation
Tax	-23,328	-54,290	-734	-436	-3,352	-9,799	-5,840	-9,199	-33,464				-64,290	-1,024	-290,287
Stock	22,419	61,476	191,070	20,668	57,200	33,335	71,670	16,103	4,787	10,248	32,427	-5,990	4,226	1,122	107,363
Debtors	77,848	330,668	199,672	-413,860	-135,889	385,079	-117,972	290,582	-240,898	155,816	-96,885	-189,294	106,465	242,589	480,524
Creditors	382,957	2,222	86,961	-221,724	-35,713	351,800	-208,581	50,144	-92,870	-11,667	5,820	-91,591	224,909	110,566	213,184
Accruals and Deferred Income	-73,985	315,184	-200,801	41,181	85,429	124,203	-16,589	-51,872	204,418
Deferred Taxes & Provisions	4,308	14,098	18,562	3,293	6,374	-301	-4,697	-636	-114	-1,613	5,914	-982	3,901	2,710
Cash flow from operations	318,125	232,304	-433,343	236,745	160,245	105,719	-148,988	-119,246	498,214	-409,985	40,455	94,453	346,611	-96,366	414,405
Investing Activities
capital expenditure	-58,655	-74,597	-162,740	-36,657	-46,832	-6,330	13,548	-149,208	-6,002	16,324	-22,297	-46,541	-76,147	-17,718	-141,660
Change in Investments										-65,000	-25,000				90,000
cash flow from investments	-58,655	-74,597	-162,740	-36,657	-46,832	-6,330	13,548	-149,208	-6,002	81,324	2,703	-46,541	-76,147	-17,718	-231,660
Financing Activities
Bank loans
Group/Directors Accounts					-26,286	-94,767	29,610	90,664	779					-15,958	15,958
Other Short Term Loans
Long term loans	-16,667	-100,000	116,667
Hire Purchase and Lease Commitments	-4,641	-4,642	-4,641	32,723
other long term liabilities												-10,587	10,587
share issue										-36,669	-25,000				71,669
interest	13,933	-5,333	-5,594	549	2,906	2,541	1,936	1,318	1,841	1,513	2,372	2,221	1,416	1,033	678
cash flow from financing	-7,375	-109,975	106,432	33,272	-23,380	-92,226	31,546	91,982	2,620	-35,156	-22,628	-8,366	12,003	-14,925	88,305
cash and cash equivalents
cash	168,762	47,732	-389,651	233,360	90,032	7,163	-103,894	-176,472	494,832	-363,817	20,530	39,546	282,467	-129,009	271,050
overdraft	-83,333		100,000
change in cash	252,095	47,732	-489,651	233,360	90,032	7,163	-103,894	-176,472	494,832	-363,817	20,530	39,546	282,467	-129,009	271,050

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICHAEL SMITH SWITCHGEAR LIMITED group structure

Michael Smith Switchgear Limited has no subsidiary companies.

Ultimate parent company

S & E GROUP MANAGEMENT LIMITED

08708231

1 parent

MICHAEL SMITH SWITCHGEAR LIMITED

01933790

MICHAEL SMITH SWITCHGEAR LIMITED Shareholders

s & e group management ltd

100%

Michael Smith Switchgear Limited currently has 2 directors. The longest serving directors include Mr Sean Smith (Jul 2011) and Mrs Emily Smith (Sep 2013).

officer	country	age	start	end	role
Mr Sean Smith	United Kingdom	37 years	Jul 2011	-	Director
Mrs Emily Smith	United Kingdom	35 years	Sep 2013	-	Director

P&L

December 2023

turnover

5.7m

+29%

operating profit

79.4k

gross margin

26.9%

+3.93%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

+0.07%

total assets

2.4m

+0.13%

cash

492.6k

+0.52%

net assets

Total assets minus all liabilities

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company number

01933790

Type

Private limited with Share Capital

industry

27120 - Manufacture of electricity distribution and control apparatus

incorporation date

July 1985

ultimate parent company

S & E GROUP MANAGEMENT LIMITED

previous names

N/A

address

4 elland road, braunstone frith industrial esta, leicester, leicestershire, LE3 1TU

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michael smith switchgear limited Company Information

michael smith switchgear limited Estimated Valuation

michael smith switchgear limited Estimated Valuation

michael smith switchgear limited Estimated Valuation

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