Addicott Electrics Limited

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addicott electrics limited Company Information

Live

MatureMidHealthy

Company Number

02164309

Next Accounts

Jun 2025

Industry

Manufacture of other electrical equipment

Directors

James Addicott

Matthew Addicott

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Shareholders

james charles addicott

matthew addicott

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Group Structure

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Contact

Registered Address

hw chartered accountants, 3 southernhay west, exeter, EX1 1JG

Website

www.addicottelectrics.co.uk

addicott electrics limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of ADDICOTT ELECTRICS LIMITED at £3.1m based on a Turnover of £5.3m and 0.59x industry multiple (adjusted for size and gross margin).

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Addicott Electrics Limited is a live company located in exeter, EX1 1JG with a Companies House number of 02164309. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in September 1987, it's largest shareholder is james charles addicott with a 60% stake. Addicott Electrics Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Addicott Electrics Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £5.3m, make it smaller than the average company (£12.8m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.6%)

EXPORT

Addicott Electrics Limited's latest turnover from September 2023 is estimated at £5.3 million and the company has net assets of £1.4 million. According to their latest financial statements, Addicott Electrics Limited has 29 employees and maintains cash reserves of £17.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	5,311,396	5,731,123	5,264,333	4,658,846	3,106,462	3,817,121	2,780,661	2,714,821	2,957,159	4,372,583	2,725,491	3,647,088	4,547,424	4,863,185	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,471,701	3,759,327	3,508,925	3,123,385	2,103,262	2,561,909	1,796,579	1,729,208	1,938,989	2,958,830	1,840,354	2,449,524	2,985,398	3,116,207	0
Gross Profit	1,839,694	1,971,797	1,755,408	1,535,461	1,003,200	1,255,212	984,081	985,613	1,018,170	1,413,752	885,137	1,197,564	1,562,027	1,746,978	0
Admin Expenses	1,716,975	1,755,321	1,596,200	1,351,455	995,042	1,171,262	926,210	983,604	1,021,033	1,320,388	841,460	1,159,128	1,516,067	1,765,809	-938,479
Operating Profit	122,719	216,476	159,208	184,006	8,158	83,950	57,871	2,009	-2,863	93,364	43,677	38,436	45,960	-18,831	938,479
Interest Payable	10,594	7,456	2,041	6,166	6,573	8,296	15,599	8,022	0	0	0	0	0	0	0
Interest Receivable	705	806	103	89	262	537	307	351	695	535	327	499	742	1,127	751
Pre-Tax Profit	112,831	209,826	157,270	177,928	1,848	76,190	42,579	-5,662	-2,168	93,899	44,004	38,936	46,701	-17,704	939,229
Tax	-28,208	-39,867	-29,881	-33,806	-351	-14,476	-8,090	0	0	-19,719	-10,121	-9,345	-12,142	0	-262,984
Profit After Tax	84,623	169,959	127,389	144,122	1,497	61,714	34,489	-5,662	-2,168	74,180	33,883	29,591	34,559	-17,704	676,245
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	84,623	169,959	127,389	144,122	1,497	61,714	34,489	-5,662	-2,168	74,180	33,883	29,591	34,559	-17,704	676,245
Employee Costs	1,410,813	1,985,679	1,889,362	1,277,238	1,250,592	1,643,385	1,226,126	808,555	765,860	1,063,645	683,448	907,520	1,131,507	1,252,320	0
Number Of Employees	29	43	43	30	30	39	30	21	20	29	19	26	33	37	0
EBITDA*	227,310	326,588	278,197	301,073	108,561	181,732	176,954	122,568	110,421	193,451	140,748	151,382	153,543	70,935	1,043,463

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	677,729	696,235	692,763	684,105	746,315	667,115	697,765	635,648	636,641	631,821	586,543	612,927	642,487	628,507	666,088
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	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	0	0	0	0
Total Fixed Assets	677,729	696,235	692,763	684,105	746,315	667,115	697,765	635,648	636,641	631,821	586,543	612,927	642,487	628,507	666,088
Stock & work in progress	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	30,000	30,000	30,000	34,579	70,842
Trade Debtors	1,674,119	1,555,272	1,318,441	1,131,132	736,004	824,894	675,625	798,282	744,698	1,029,765	690,616	885,389	1,061,221	1,141,151	682,742
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	166,741	179,575	119,750	118,088	105,400	213,985	168,574	130,141	88,152	94,690	0	0	0	4,985	53,903
Cash	17,284	9,589	62,077	144,747	33,381	36,586	106,573	139,043	141,486	136,422	77,465	53,419	146,306	150,426	300,266
misc current assets	0	0	0	0	0	2,130	0	0	0	0	0	0	0	0	0
total current assets	1,878,144	1,764,436	1,520,268	1,413,967	894,785	1,097,595	970,772	1,087,466	994,336	1,280,877	798,081	968,808	1,237,527	1,331,141	1,107,753
total assets	2,555,873	2,460,671	2,213,031	2,098,072	1,641,100	1,764,710	1,668,537	1,723,114	1,630,977	1,912,698	1,384,624	1,581,735	1,880,014	1,959,648	1,773,841
Bank overdraft	63,752	124,588	56,165	10,766	191,411	3,333	242,481	256,693	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	716,007	643,678	682,212	751,933	253,499	551,272	258,813	319,541	644,572	921,942	544,844	773,655	1,076,086	1,143,087	882,021
Group/Directors Accounts	155	155	0	0	0	0	0	67	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	35,619	38,497	41,229	31,202	30,857	20,575	28,908	28,358	0	0	0	0	0	0	0
other current liabilities	130,870	141,697	88,899	102,719	74,453	151,217	103,183	145,840	0	0	0	0	0	0	0
total current liabilities	946,403	948,615	868,505	896,620	550,220	726,397	633,385	750,499	644,572	921,942	544,844	773,655	1,076,086	1,143,087	882,021
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	51,631	39,221	48,598	40,651	65,976	23,368	43,851	30,222	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	12,397	7,163	7,163	7,163	7,163	43,254	43,254	88,701	94,502	26,206	37,389	62,828	99,020	156,575
provisions	109,122	96,344	94,630	86,892	95,117	86,655	88,634	74,215	67,118	63,500	55,000	46,000	46,000	57,000	57,000
total long term liabilities	160,753	147,962	150,391	134,706	168,256	117,186	175,739	147,691	155,819	158,002	81,206	83,389	108,828	156,020	213,575
total liabilities	1,107,156	1,096,577	1,018,896	1,031,326	718,476	843,583	809,124	898,190	800,391	1,079,944	626,050	857,044	1,184,914	1,299,107	1,095,596
net assets	1,448,717	1,364,094	1,194,135	1,066,746	922,624	921,127	859,413	824,924	830,586	832,754	758,574	724,691	695,100	660,541	678,245
total shareholders funds	1,448,717	1,364,094	1,194,135	1,066,746	922,624	921,127	859,413	824,924	830,586	832,754	758,574	724,691	695,100	660,541	678,245

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	122,719	216,476	159,208	184,006	8,158	83,950	57,871	2,009	-2,863	93,364	43,677	38,436	45,960	-18,831	938,479
Depreciation	104,591	110,112	118,989	117,067	100,403	97,782	119,083	120,559	113,284	100,087	97,071	112,946	107,583	89,766	104,984
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-28,208	-39,867	-29,881	-33,806	-351	-14,476	-8,090	0	0	-19,719	-10,121	-9,345	-12,142	0	-262,984
Stock	0	0	0	0	0	0	0	0	0	-10,000	0	0	-4,579	-36,263	70,842
Debtors	106,013	296,656	188,971	407,816	-197,475	194,680	-84,224	95,573	-291,605	433,839	-194,773	-175,832	-84,915	409,491	736,645
Creditors	72,329	-38,534	-69,721	498,434	-297,773	292,459	-60,728	-325,031	-277,370	377,098	-228,811	-302,431	-67,001	261,066	882,021
Accruals and Deferred Income	-10,827	52,798	-13,820	28,266	-76,764	48,034	-42,657	145,840	0	0	0	0	0	0	0
Deferred Taxes & Provisions	12,778	1,714	7,738	-8,225	8,462	-1,979	14,419	7,097	3,618	8,500	9,000	0	-11,000	0	57,000
Cash flow from operations	167,369	6,043	-16,458	377,926	-60,390	311,090	164,122	-145,099	128,274	135,491	105,589	15,438	152,894	-41,227	912,013
Investing Activities
capital expenditure	-86,085	-113,584	-127,647	-54,857	-179,603	-67,132	-181,200	-119,566	-118,104	-145,365	-70,687	-83,386	-121,563	-52,185	-771,072
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-86,085	-113,584	-127,647	-54,857	-179,603	-67,132	-181,200	-119,566	-118,104	-145,365	-70,687	-83,386	-121,563	-52,185	-771,072
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	155	0	0	0	0	-67	67	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	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	0	0	0	0
Hire Purchase and Lease Commitments	9,532	-12,109	17,974	-24,980	52,890	-28,816	14,179	58,580	0	0	0	0	0	0	0
other long term liabilities	-12,397	5,234	0	0	0	-36,091	0	-45,447	-5,801	68,296	-11,183	-25,439	-36,192	-57,555	156,575
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,000
interest	-9,889	-6,650	-1,938	-6,077	-6,311	-7,759	-15,292	-7,671	695	535	327	499	742	1,127	751
cash flow from financing	-12,754	-13,370	16,036	-31,057	46,579	-72,666	-1,180	5,529	-5,106	68,831	-10,856	-24,940	-35,450	-56,428	159,326
cash and cash equivalents
cash	7,695	-52,488	-82,670	111,366	-3,205	-69,987	-32,470	-2,443	5,064	58,957	24,046	-92,887	-4,120	-149,840	300,266
overdraft	-60,836	68,423	45,399	-180,645	188,078	-239,148	-14,212	256,693	0	0	0	0	0	0	0
change in cash	68,531	-120,911	-128,069	292,011	-191,283	169,161	-18,258	-259,136	5,064	58,957	24,046	-92,887	-4,120	-149,840	300,266

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADDICOTT ELECTRICS LIMITED group structure

Addicott Electrics Limited has no subsidiary companies.

Ultimate parent company

ADDICOTT ELECTRICS LIMITED

02164309

ADDICOTT ELECTRICS LIMITED Shareholders

james charles addicott	60%
matthew addicott	30%
mark royston james styler	5%
heather christine addicott	5%

Addicott Electrics Limited currently has 4 directors. The longest serving directors include Mr James Addicott (Feb 1996) and Mr Matthew Addicott (Oct 2002).

officer	age	start	end	role
Mr James Addicott	53 years	Feb 1996	-	Director
Mr Matthew Addicott	50 years	Oct 2002	-	Director
Mr Richard Codd	60 years	Jan 2003	-	Director
Mrs Heather Addicott	73 years	Feb 2019	-	Director

P&L

September 2023

turnover

5.3m

-7%

operating profit

122.7k

gross margin

34.7%

+0.67%

turnover

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

Balance Sheet

September 2023

net assets

1.4m

+0.06%

total assets

2.6m

+0.04%

cash

17.3k

+0.8%

net assets

Total assets minus all liabilities

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company number

02164309

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

incorporation date

September 1987

ultimate parent company

None

previous names

N/A

address

hw chartered accountants, 3 southernhay west, exeter, EX1 1JG

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 8 charges/mortgages relating to addicott electrics limited. Currently there are 2 open charges and 6 have been satisfied in the past.

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addicott electrics limited Company Information

addicott electrics limited Estimated Valuation

addicott electrics limited Estimated Valuation

addicott electrics limited Estimated Valuation

Addicott Electrics Limited Overview

Addicott Electrics Limited Health Check

ADDICOTT ELECTRICS LIMITED financials

addicott electrics limited Credit Report and Business Information

Addicott Electrics Limited Competitor Analysis

addicott electrics limited Ownership

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addicott electrics limited company details

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