s.k.n. electronics limited
s.k.n. electronics limited Company Information
Company Number
02012444
Next Accounts
556 days late
Shareholders
pexion limited
Group Structure
View All
Industry
Manufacture of other electronic and electric wires and cables
+1Registered Address
10th floor one marsden street, manchester, M2 1HW
Website
www.sknelectronics.co.uks.k.n. electronics limited Estimated Valuation
Pomanda estimates the enterprise value of S.K.N. ELECTRONICS LIMITED at £818.8k based on a Turnover of £1.4m and 0.57x industry multiple (adjusted for size and gross margin).
s.k.n. electronics limited Estimated Valuation
Pomanda estimates the enterprise value of S.K.N. ELECTRONICS LIMITED at £526.1k based on an EBITDA of £148.5k and a 3.54x industry multiple (adjusted for size and gross margin).
s.k.n. electronics limited Estimated Valuation
Pomanda estimates the enterprise value of S.K.N. ELECTRONICS LIMITED at £2.5m based on Net Assets of £1.3m and 1.98x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
S.k.n. Electronics Limited Overview
S.k.n. Electronics Limited is a live company located in manchester, M2 1HW with a Companies House number of 02012444. It operates in the manufacture of loaded electronic boards sector, SIC Code 26120. Founded in April 1986, it's largest shareholder is pexion limited with a 100% stake. S.k.n. Electronics Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
S.k.n. Electronics Limited Health Check
Pomanda's financial health check has awarded S.K.N. Electronics Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£12.6m)
- S.k.n. Electronics Limited
£12.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (1.1%)
- S.k.n. Electronics Limited
1.1% - Industry AVG
Production
with a gross margin of 18.2%, this company has a higher cost of product (27%)
- S.k.n. Electronics Limited
27% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (4.2%)
- S.k.n. Electronics Limited
4.2% - Industry AVG
Employees
with 29 employees, this is below the industry average (78)
29 - S.k.n. Electronics Limited
78 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)
- S.k.n. Electronics Limited
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £49.6k, this is less efficient (£176.3k)
- S.k.n. Electronics Limited
£176.3k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (68 days)
- S.k.n. Electronics Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is close to average (56 days)
- S.k.n. Electronics Limited
56 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is less than average (99 days)
- S.k.n. Electronics Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - S.k.n. Electronics Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.7%, this is a higher level of debt than the average (48.2%)
53.7% - S.k.n. Electronics Limited
48.2% - Industry AVG
S.K.N. ELECTRONICS LIMITED financials
S.K.N. Electronics Limited's latest turnover from December 2021 is estimated at £1.4 million and the company has net assets of £1.3 million. According to their latest financial statements, S.K.N. Electronics Limited has 29 employees and maintains cash reserves of £100 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,716,162 | 2,180,273 | 1,851,666 | 1,792,087 | 1,220,811 | ||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 1,181,191 | 1,567,788 | 1,482,854 | 1,233,126 | 703,177 | ||||||||
| Gross Profit | 534,971 | 612,485 | 368,812 | 558,961 | 517,634 | ||||||||
| Admin Expenses | 807,744 | 719,390 | 560,613 | 422,377 | -262,870 | ||||||||
| Operating Profit | -272,773 | -106,905 | -191,801 | 136,584 | 780,504 | ||||||||
| Interest Payable | 29,335 | 40,205 | 32,256 | 13,558 | |||||||||
| Interest Receivable | 701 | 4,136 | |||||||||||
| Pre-Tax Profit | -302,108 | -146,409 | -219,921 | 123,026 | 780,504 | ||||||||
| Tax | 38,276 | 20,537 | -920 | -10,410 | 28,739 | ||||||||
| Profit After Tax | -263,832 | -125,872 | -220,841 | 112,616 | 809,243 | ||||||||
| Dividends Paid | 400,000 | ||||||||||||
| Retained Profit | -663,832 | -125,872 | -220,841 | 112,616 | 809,243 | ||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 29 | 40 | 51 | 42 | 41 | 48 | |||||||
| EBITDA* | -75,351 | 86,708 | -72,331 | 153,685 | 810,017 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 112,219 | 314,549 | 480,404 | 655,308 | 53,187 | 65,519 | 505,583 | 555,507 | 571,793 | 633,997 | 690,976 | 571,126 | 625,789 |
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 112,219 | 314,549 | 480,404 | 655,308 | 53,187 | 65,519 | 505,583 | 555,507 | 571,793 | 633,997 | 690,976 | 571,126 | 625,789 |
| Stock & work in progress | 110,565 | 86,126 | 89,721 | 63,508 | 48,129 | 68,146 | 36,615 | 78,794 | 42,680 | 27,500 | 24,055 | 32,325 | 18,707 |
| Trade Debtors | 361,432 | 334,098 | 482,113 | 541,981 | 369,838 | 389,952 | 411,933 | 676,576 | 604,177 | 429,043 | 341,107 | 475,799 | 337,103 |
| Group Debtors | 2,092,220 | 2,092,220 | 2,473,796 | 2,310,463 | 2,169,005 | ||||||||
| Misc Debtors | 34,962 | 62,500 | 19,660 | 26,021 | 11,601 | 955,127 | 3,814 | ||||||
| Cash | 100 | 100 | 100 | 100 | 276,547 | 976,348 | 797,216 | 577,877 | 415,804 | 318,010 | 247,646 | 353,260 | 219,716 |
| misc current assets | |||||||||||||
| total current assets | 2,599,279 | 2,575,044 | 3,065,390 | 2,942,073 | 2,875,120 | 2,389,573 | 1,249,578 | 1,333,247 | 1,062,661 | 774,553 | 612,808 | 861,384 | 575,526 |
| total assets | 2,711,498 | 2,889,593 | 3,545,794 | 3,597,381 | 2,928,307 | 2,455,092 | 1,755,161 | 1,888,754 | 1,634,454 | 1,408,550 | 1,303,784 | 1,432,510 | 1,201,315 |
| Bank overdraft | 593,376 | 520,858 | 488,206 | 181,587 | |||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 190,516 | 184,216 | 109,982 | 86,504 | 73,945 | 46,717 | 29,935 | 354,928 | 367,216 | 266,142 | 196,281 | 320,014 | 164,122 |
| Group/Directors Accounts | 5,000 | ||||||||||||
| other short term finances | 300,501 | 257,775 | 372,099 | 440,705 | 328,858 | ||||||||
| hp & lease commitments | 110,975 | 106,757 | 102,695 | ||||||||||
| other current liabilities | 272,254 | 189,713 | 143,948 | 218,533 | 143,582 | 147,357 | 185,651 | ||||||
| total current liabilities | 1,361,647 | 1,263,537 | 1,220,992 | 1,030,024 | 546,385 | 194,074 | 215,586 | 354,928 | 367,216 | 266,142 | 196,281 | 320,014 | 164,122 |
| loans | |||||||||||||
| hp & lease commitments | 186,908 | 297,883 | 404,645 | ||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 93,917 | 76,061 | |||||||||||
| provisions | 9,921 | 8,288 | 87,800 | 60,108 | 60,990 | 68,675 | 82,356 | 67,424 | 72,911 | ||||
| total long term liabilities | 93,917 | 262,969 | 297,883 | 414,566 | 8,288 | 87,800 | 60,108 | 60,990 | 68,675 | 82,356 | 67,424 | 72,911 | |
| total liabilities | 1,455,564 | 1,526,506 | 1,518,875 | 1,444,590 | 554,673 | 194,074 | 303,386 | 415,036 | 428,206 | 334,817 | 278,637 | 387,438 | 237,033 |
| net assets | 1,255,934 | 1,363,087 | 2,026,919 | 2,152,791 | 2,373,634 | 2,261,018 | 1,451,775 | 1,473,718 | 1,206,248 | 1,073,733 | 1,025,147 | 1,045,072 | 964,282 |
| total shareholders funds | 1,255,934 | 1,363,087 | 2,026,919 | 2,152,791 | 2,373,634 | 2,261,018 | 1,451,775 | 1,473,718 | 1,206,248 | 1,073,733 | 1,025,147 | 1,045,072 | 964,282 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -272,773 | -106,905 | -191,801 | 136,584 | 780,504 | ||||||||
| Depreciation | 203,350 | 197,422 | 193,613 | 119,470 | 17,101 | 29,513 | 48,247 | 57,666 | 63,818 | 78,199 | 69,897 | 54,663 | 66,863 |
| Amortisation | |||||||||||||
| Tax | 38,276 | 20,537 | -920 | -10,410 | 28,739 | ||||||||
| Stock | 24,439 | -3,595 | 26,213 | 15,379 | -20,017 | -10,648 | -42,179 | 36,114 | 15,180 | 3,445 | -8,270 | 13,618 | 18,707 |
| Debtors | -204 | -486,751 | 97,104 | 328,021 | 1,205,365 | 668,503 | -260,829 | 72,399 | 175,134 | 87,936 | -134,692 | 138,696 | 337,103 |
| Creditors | 6,300 | 74,234 | 23,478 | 12,559 | 27,228 | -308,211 | -324,993 | -12,288 | 101,074 | 69,861 | -123,733 | 155,892 | 164,122 |
| Accruals and Deferred Income | 82,541 | 45,765 | -74,585 | 74,951 | -3,775 | 147,357 | 185,651 | ||||||
| Deferred Taxes & Provisions | -9,921 | 1,633 | 8,288 | -60,108 | 27,692 | -882 | -7,685 | -13,681 | 14,932 | -5,487 | 72,911 | ||
| Cash flow from operations | 573,270 | -77,100 | -327,508 | -1,010,332 | -40,061 | ||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | 5,000 | ||||||||||||
| Other Short Term Loans | 42,726 | -114,324 | -68,606 | 111,847 | 328,858 | ||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | -297,883 | -106,757 | -102,700 | 507,340 | |||||||||
| other long term liabilities | 17,856 | 76,061 | |||||||||||
| share issue | |||||||||||||
| interest | -29,335 | -39,504 | -28,120 | -13,558 | |||||||||
| cash flow from financing | -174,355 | -210,810 | 591,065 | 315,300 | |||||||||
| cash and cash equivalents | |||||||||||||
| cash | -276,447 | -699,801 | 398,471 | 219,339 | 162,073 | 97,794 | 70,364 | -105,614 | 133,544 | 219,716 | |||
| overdraft | 72,518 | 32,652 | 306,619 | 181,587 | |||||||||
| change in cash | -72,518 | -32,652 | -306,619 | -458,034 | -699,801 | 398,471 | 219,339 | 162,073 | 97,794 | 70,364 | -105,614 | 133,544 | 219,716 |
s.k.n. electronics limited Credit Report and Business Information
S.k.n. Electronics Limited Competitor Analysis
Perform a competitor analysis for s.k.n. electronics limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
s.k.n. electronics limited Ownership
S.K.N. ELECTRONICS LIMITED group structure
S.K.N. Electronics Limited has no subsidiary companies.
Ultimate parent company
2 parents
S.K.N. ELECTRONICS LIMITED
02012444
s.k.n. electronics limited directors
S.K.N. Electronics Limited currently has 2 directors. The longest serving directors include Mr Darren Turner (Jan 2017) and Mr David Brindle (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Turner | England | 51 years | Jan 2017 | - | Director |
| Mr David Brindle | England | 55 years | Jan 2017 | - | Director |
P&L
December 2021turnover
1.4m
-16%
operating profit
-54.9k
0%
gross margin
18.2%
-41.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
1.3m
-0.08%
total assets
2.7m
-0.06%
cash
100
0%
net assets
Total assets minus all liabilities
s.k.n. electronics limited company details
company number
02012444
Type
Private limited with Share Capital
industry
27320 - Manufacture of other electronic and electric wires and cables
26120 - Manufacture of loaded electronic boards
incorporation date
April 1986
age
39
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
-
address
10th floor one marsden street, manchester, M2 1HW
Bank
HSBC BANK PLC
Legal Advisor
-
s.k.n. electronics 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 12 charges/mortgages relating to s.k.n. electronics limited. Currently there are 6 open charges and 6 have been satisfied in the past.
s.k.n. electronics 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.
Click to start generating capital raising & share issue transactions for S.K.N. ELECTRONICS LIMITED. This can take several minutes, an email will notify you when this has completed.
s.k.n. electronics limited Companies House Filings - See Documents
| date | description | view/download |
|---|
