Lightning Electrical Construction Limited

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lightning electrical construction limited Company Information

Live (In Liquidation)

MatureMidRapid

Company Number

02107966

Next Accounts

1094 days late

Industry

Electrical installation

Directors

Alison Haworth

Laura Staples

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Shareholders

keith john lightning

helen karen lightning

Group Structure

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Contact

Registered Address

the wooden barn little baldon, oxford, OX44 9PU

Website

www.lightninggroup.co.uk

lightning electrical construction limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of LIGHTNING ELECTRICAL CONSTRUCTION LIMITED at £6.7m based on a Turnover of £14.4m and 0.46x industry multiple (adjusted for size and gross margin).

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Lightning Electrical Construction Limited is a live company located in oxford, OX44 9PU with a Companies House number of 02107966. It operates in the electrical installation sector, SIC Code 43210. Founded in March 1987, it's largest shareholder is keith john lightning with a 100% stake. Lightning Electrical Construction Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Lightning Electrical Construction Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £14.4m, make it larger than the average company (£625.8k)

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (5.6%)

EXPORT

Lightning Electrical Construction Limited's latest turnover from April 2020 is estimated at £14.4 million and the company has net assets of £1.9 million. According to their latest financial statements, Lightning Electrical Construction Limited has 32 employees and maintains cash reserves of £175.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Oct 2010	Oct 2009
Turnover	14,377,359	8,191,601	5,169,675	5,422,659	5,248,693	7,187,046	8,890,186	7,371,044	6,760,632	5,543,383	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,964,802	6,728,825	4,241,567	4,438,960	4,261,529	5,860,484	7,293,228	5,920,578	5,444,242	4,292,783	0
Gross Profit	2,412,557	1,462,775	928,108	983,699	987,164	1,326,562	1,596,959	1,450,466	1,316,390	1,250,601	0
Admin Expenses	2,509,886	1,411,824	915,450	396,700	830,484	914,534	2,247,434	1,815,047	126,502	708,760	-1,468,376
Operating Profit	-97,329	50,951	12,658	586,999	156,680	412,028	-650,475	-364,581	1,189,888	541,841	1,468,376
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	96	92	98	80	85	8	45	105	65	3,383	365
Pre-Tax Profit	-97,233	51,043	12,757	587,079	156,765	412,036	-650,430	-364,476	1,189,953	545,224	1,468,740
Tax	0	-9,698	-2,424	-111,545	-31,353	-82,407	0	0	-285,589	-152,663	-411,247
Profit After Tax	-97,233	41,345	10,333	475,534	125,412	329,629	-650,430	-364,476	904,364	392,561	1,057,493
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-97,233	41,345	10,333	475,534	125,412	329,629	-650,430	-364,476	904,364	392,561	1,057,493
Employee Costs	1,296,583	1,300,086	396,845	839,252	318,147	1,117,325	1,457,908	1,187,366	1,194,715	1,192,886	0
Number Of Employees	32	32	10	21	8	28	38	32	32	33	0
EBITDA*	-74,291	51,910	25,745	602,149	167,706	427,236	-636,669	-351,829	1,219,086	566,869	1,496,411

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Oct 2010	Oct 2009
Tangible Assets	368,727	337,941	344,769	346,584	269,555	287,345	46,970	44,061	56,157	83,896	94,477
Intangible Assets	0	0	0	0	1	1	1	1	1	1	1
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	368,727	337,941	344,769	346,584	269,556	287,346	46,971	44,062	56,158	83,897	94,478
Stock & work in progress	820,810	72,200	92,236	98,500	102,484	105,112	84,090	93,434	98,382	93,697	156,162
Trade Debtors	5,185,235	4,325,407	2,899,805	2,882,457	2,500,940	2,758,460	2,600,975	2,366,820	2,276,308	1,744,710	2,541,149
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	733,360	767,806	420,300	0	729,745	0	0	0	0	0
Cash	175,738	16,463	8,100	31,248	32,784	1,186	2,109	15,936	26,012	1,207,223	145,902
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,181,783	5,147,430	3,767,947	3,432,505	2,636,208	3,594,503	2,687,174	2,476,190	2,400,702	3,045,630	2,843,213
total assets	6,550,510	5,485,371	4,112,716	3,779,089	2,905,764	3,881,849	2,734,145	2,520,252	2,456,860	3,129,527	2,937,691
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,754,019	306,018	71,669	71,638	471,265	583,829	2,444,687	1,575,784	1,145,368	1,264,192	1,464,007
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	1,901,601	1,120,681	781,377	0	678,933	0	0	0	0	0
total current liabilities	3,754,019	2,207,619	1,192,350	853,015	471,265	1,262,762	2,444,687	1,575,784	1,145,368	1,264,192	1,464,007
loans	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	922,013	1,306,041	990,000	1,006,041	1,290,000	2,000,000	0	0	0	0	0
provisions	0	0	0	0	0	0	0	4,580	7,128	15,281	16,191
total long term liabilities	922,013	1,306,041	990,000	1,006,041	1,290,000	2,000,000	0	4,580	7,128	15,281	16,191
total liabilities	4,676,032	3,513,660	2,182,350	1,859,056	1,761,265	3,262,762	2,444,687	1,580,364	1,152,496	1,279,473	1,480,198
net assets	1,874,478	1,971,711	1,930,366	1,920,033	1,144,499	619,087	289,458	939,888	1,304,364	1,850,054	1,457,493
total shareholders funds	1,874,478	1,971,711	1,930,366	1,920,033	1,144,499	619,087	289,458	939,888	1,304,364	1,850,054	1,457,493

	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-97,329	50,951	12,658	586,999	156,680	412,028	-650,475	-364,581	1,189,888	541,841	1,468,376
Depreciation	23,038	959	13,087	15,150	11,026	15,208	13,806	12,752	29,198	25,028	28,035
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-9,698	-2,424	-111,545	-31,353	-82,407	0	0	-285,589	-152,663	-411,247
Stock	748,610	-20,036	-6,264	-3,984	-2,628	21,022	-9,344	-4,948	98,382	-62,465	156,162
Debtors	126,468	1,391,156	364,854	801,817	-987,265	887,230	234,155	90,512	2,276,308	-796,439	2,541,149
Creditors	3,448,001	234,349	31	-399,627	-112,564	-1,860,858	868,903	430,416	1,145,368	-199,815	1,464,007
Accruals and Deferred Income	-1,901,601	780,920	339,304	781,377	-678,933	678,933	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-4,580	-2,548	7,128	-910	16,191
Cash flow from operations	597,031	-313,639	4,066	74,521	334,749	-1,745,348	2,843	-9,525	-288,697	1,072,385	-131,949
Investing Activities
capital expenditure	-53,824	5,869	-11,272	-92,178	6,764	-255,583	-16,715	-656	-85,356	-14,447	-122,513
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-53,824	5,869	-11,272	-92,178	6,764	-255,583	-16,715	-656	-85,356	-14,447	-122,513
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-384,028	316,041	-16,041	-283,959	-710,000	2,000,000	0	0	0	0	0
share issue	0	0	0	300,000	400,000	0	0	0	400,000	0	400,000
interest	96	92	98	80	85	8	45	105	65	3,383	365
cash flow from financing	-383,932	316,133	-15,943	16,121	-309,915	2,000,008	45	105	400,065	3,383	400,365
cash and cash equivalents
cash	159,275	8,363	-23,148	-1,536	31,598	-923	-13,827	-10,076	26,012	1,061,321	145,902
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	159,275	8,363	-23,148	-1,536	31,598	-923	-13,827	-10,076	26,012	1,061,321	145,902

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LIGHTNING ELECTRICAL CONSTRUCTION LIMITED group structure

Lightning Electrical Construction Limited has no subsidiary companies.

Ultimate parent company

LIGHTNING ELECTRICAL CONSTRUCTION LIMITED

02107966

LIGHTNING ELECTRICAL CONSTRUCTION LIMITED Shareholders

keith john lightning	100%
helen karen lightning	0%

Lightning Electrical Construction Limited currently has 3 directors. The longest serving directors include Ms Alison Haworth (Mar 2021) and Mrs Laura Staples (Apr 2022).

officer	country	age	start	end	role
Ms Alison Haworth		57 years	Mar 2021	-	Director
Mrs Laura Staples	United Kingdom	44 years	Apr 2022	-	Director
Mrs Margaret Baker		62 years	Jun 2023	-	Director

P&L

April 2020

turnover

14.4m

+76%

operating profit

-97.3k

gross margin

16.8%

-6.03%

turnover

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

Balance Sheet

April 2020

net assets

1.9m

-0.05%

total assets

6.6m

+0.19%

cash

175.7k

+9.67%

net assets

Total assets minus all liabilities

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2.5

company number

02107966

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

March 1987

ultimate parent company

None

previous names

N/A

address

the wooden barn little baldon, oxford, OX44 9PU

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We found 4 charges/mortgages relating to lightning electrical construction limited. Currently there are 2 open charges and 2 have been satisfied in the past.

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lightning electrical construction limited Company Information

lightning electrical construction limited Estimated Valuation

lightning electrical construction limited Estimated Valuation

lightning electrical construction limited Estimated Valuation

Lightning Electrical Construction Limited Overview

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LIGHTNING ELECTRICAL CONSTRUCTION LIMITED financials

lightning electrical construction limited Credit Report and Business Information

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