Cc Electronics Europe Limited

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cc electronics europe limited Company Information

Live

MatureSmallDeclining

Company Number

02220098

Website

www.ccee.co.uk

Registered Address

wharton industrial estate, nat lane, winsford, cheshire, CW7 3BS

Industry

Manufacture of electronic components

Telephone

01606861155

Next Accounts Due

43 days late

Group Structure

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Directors

Darren Turner2 Years

David Brindle2 Years

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Shareholders

i4plus limited 100%

cc electronics europe limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of CC ELECTRONICS EUROPE LIMITED at £7.4m based on an EBITDA of £1.4m and a 5.22x industry multiple (adjusted for size and gross margin).

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Cc Electronics Europe Limited is a live company located in winsford, CW7 3BS with a Companies House number of 02220098. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in February 1988, it's largest shareholder is i4plus limited with a 100% stake. Cc Electronics Europe Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Cc Electronics Europe Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (-0.4%)

EXPORT

Cc Electronics Europe Limited's latest turnover from December 2022 is estimated at £3.3 million and the company has net assets of £3.2 million. According to their latest financial statements, Cc Electronics Europe Limited has 58 employees and maintains cash reserves of £547.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,307,308	3,405,128	4,730,006	5,318,041	5,579,885	4,780,537	5,361,784	5,643,712	4,958,280	4,848,338	4,157,561	4,284,531	4,041,663	3,881,267
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,300,834	2,367,101	3,379,089	3,722,506	3,895,739	3,328,670	3,696,770	3,958,294	3,513,392	3,423,860	2,914,978	2,945,650	2,749,276	2,667,650
Gross Profit	1,006,474	1,038,026	1,350,917	1,595,536	1,684,145	1,451,867	1,665,014	1,685,418	1,444,888	1,424,478	1,242,583	1,338,881	1,292,387	1,213,617
Admin Expenses	-274,877	589,993	1,209,174	1,674,678	1,737,131	1,200,463	1,623,966	1,503,162	1,300,034	1,160,898	1,273,603	1,295,469	1,152,458	-622,619
Operating Profit	1,281,351	448,033	141,743	-79,142	-52,986	251,404	41,048	182,256	144,854	263,580	-31,020	43,412	139,929	1,836,236
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,140	1,931	275	96	1,480	862	137	575	657	569	855	974	799	404
Pre-Tax Profit	1,298,491	449,964	142,017	-79,046	-51,506	252,265	41,185	182,831	145,511	264,149	-30,165	44,385	140,728	1,836,640
Tax	-246,713	-85,493	-26,983	0	0	-47,930	-8,237	-36,566	-30,557	-60,754	0	-11,540	-39,404	-514,259
Profit After Tax	1,051,778	364,471	115,034	-79,046	-51,506	204,335	32,948	146,265	114,954	203,395	-30,165	32,845	101,324	1,322,381
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,051,778	364,471	115,034	-79,046	-51,506	204,335	32,948	146,265	114,954	203,395	-30,165	32,845	101,324	1,322,381
Employee Costs	2,625,952	2,603,701	2,484,130	2,674,356	2,905,596	2,705,123	2,822,759	2,745,993	1,457,088	1,409,928	1,132,064	1,151,261	1,085,091	1,077,718
Number Of Employees	58	61	59	63	72	69	71	70	37	38	32	33	32	32
EBITDA*	1,423,017	673,710	363,772	145,848	157,012	423,162	179,562	326,242	276,333	374,664	43,755	154,995	237,911	1,926,001

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,605,318	1,759,253	1,950,627	2,136,697	2,024,471	1,817,971	1,794,885	1,415,603	1,291,335	1,221,833	1,112,713	1,046,531	909,171	849,686
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	76,052	76,052	76,052	76,052	76,052	76,052	76,052	76,052	32,052	8,052	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,681,370	1,835,305	2,026,679	2,212,749	2,100,523	1,894,023	1,870,937	1,491,655	1,323,387	1,229,885	1,112,713	1,046,531	909,171	849,686
Stock & work in progress	96,731	203,358	108,385	116,979	95,530	109,511	77,987	77,652	86,536	66,785	83,730	68,202	97,827	72,436
Trade Debtors	920	648	737,063	784,149	881,817	687,254	873,216	1,022,764	1,138,835	1,139,131	917,167	1,051,037	1,036,274	970,248
Group Debtors	1,350,933	1,502,782	0	0	7,910	308,856	283,532	125,424	0	0	0	0	0	0
Misc Debtors	41,072	152,990	154,900	154,672	157,907	148,171	163,831	154,491	0	0	0	9,500	0	0
Cash	547,086	82,523	432,339	116,705	75,132	319,527	25,162	84,265	145,895	117,017	110,618	231,393	158,047	161,571
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,036,742	1,942,301	1,432,687	1,172,505	1,218,296	1,573,319	1,423,728	1,464,596	1,371,266	1,322,933	1,111,515	1,360,132	1,292,148	1,204,255
total assets	4,718,112	3,777,606	3,459,366	3,385,254	3,318,819	3,467,342	3,294,665	2,956,251	2,694,653	2,552,818	2,224,228	2,406,663	2,201,319	2,053,941
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	516,464	533,173	496,740	628,506	584,442	546,001	614,230	581,141	797,441	773,897	716,163	839,911	709,359	662,893
Group/Directors Accounts	0	0	83,877	48,320	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	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	433,182	479,800	415,006	317,927	345,292	440,757	358,141	271,365	0	0	0	0	0	0
total current liabilities	949,646	1,012,973	995,623	994,753	929,734	986,758	972,371	852,506	797,441	773,897	716,163	839,911	709,359	662,893
loans	0	0	0	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	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	37,925	100,992	46,189	96,507	216,860	32,506	15,006	36,090	18,267	40,284	11,564	34,694
provisions	602,924	286,398	312,054	290,779	265,120	254,795	180,487	179,240	136,472	112,051	62,413	68,918	55,691	32,973
total long term liabilities	602,924	286,398	349,979	391,771	311,309	351,302	397,347	211,746	151,478	148,141	80,680	109,202	67,255	67,667
total liabilities	1,552,570	1,299,371	1,345,602	1,386,524	1,241,043	1,338,060	1,369,718	1,064,252	948,919	922,038	796,843	949,113	776,614	730,560
net assets	3,165,542	2,478,235	2,113,764	1,998,730	2,077,776	2,129,282	1,924,947	1,891,999	1,745,734	1,630,780	1,427,385	1,457,550	1,424,705	1,323,381
total shareholders funds	3,165,542	2,478,235	2,113,764	1,998,730	2,077,776	2,129,282	1,924,947	1,891,999	1,745,734	1,630,780	1,427,385	1,457,550	1,424,705	1,323,381

	Dec 2022	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,281,351	448,033	141,743	-79,142	-52,986	251,404	41,048	182,256	144,854	263,580	-31,020	43,412	139,929	1,836,236
Depreciation	141,666	225,677	222,029	224,990	209,998	171,758	138,514	143,986	131,479	111,084	74,775	111,583	97,982	89,765
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-246,713	-85,493	-26,983	0	0	-47,930	-8,237	-36,566	-30,557	-60,754	0	-11,540	-39,404	-514,259
Stock	-11,654	94,973	-8,594	21,449	-13,981	31,524	335	-8,884	19,751	-16,945	15,528	-29,625	25,391	72,436
Debtors	500,962	764,457	-46,858	-108,813	-96,647	-176,298	17,900	163,844	-296	221,964	-143,370	24,263	66,026	970,248
Creditors	19,724	36,433	-131,766	44,064	38,441	-68,229	33,089	-216,300	23,544	57,734	-123,748	130,552	46,466	662,893
Accruals and Deferred Income	18,176	64,794	97,079	-27,365	-95,465	82,616	86,776	271,365	0	0	0	0	0	0
Deferred Taxes & Provisions	290,870	-25,656	21,275	25,659	10,325	74,308	1,247	42,768	24,421	49,638	-6,505	13,227	22,718	32,973
Cash flow from operations	1,015,766	-195,642	378,829	275,570	220,941	608,701	274,202	232,549	274,286	216,263	41,344	292,596	176,274	1,064,924
Investing Activities
capital expenditure	-796,357	-34,303	-35,959	-337,216	-416,498	-194,844	-517,796	-268,254	-200,981	-220,204	-140,957	-248,943	-157,467	-939,451
Change in Investments	0	0	0	0	0	0	0	44,000	24,000	8,052	0	0	0	0
cash flow from investments	-796,357	-34,303	-35,959	-337,216	-416,498	-194,844	-517,796	-312,254	-224,981	-228,256	-140,957	-248,943	-157,467	-939,451
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-83,877	-83,877	35,557	48,320	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	0	0	0
Long term loans	0	0	0	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	0	0	0
other long term liabilities	-37,925	-37,925	-63,067	54,803	-50,318	-120,353	184,354	17,500	-21,084	17,823	-22,017	28,720	-23,130	34,694
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	17,140	1,931	275	96	1,480	862	137	575	657	569	855	974	799	404
cash flow from financing	-104,662	-119,871	-27,235	103,219	-48,838	-119,491	184,491	18,075	-20,427	18,392	-21,162	29,694	-22,331	36,098
cash and cash equivalents
cash	114,747	-349,816	315,634	41,573	-244,395	294,365	-59,103	-61,630	28,878	6,399	-120,775	73,346	-3,524	161,571
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	114,747	-349,816	315,634	41,573	-244,395	294,365	-59,103	-61,630	28,878	6,399	-120,775	73,346	-3,524	161,571

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CC ELECTRONICS EUROPE LIMITED group structure

Cc Electronics Europe Limited has 1 subsidiary company.

Ultimate parent company

I4PLUS LIMITED

13119034

1 parent

CC ELECTRONICS EUROPE LIMITED

02220098

1 subsidiary

CC ELECTRONICS LIMITED

04641877

CC ELECTRONICS EUROPE LIMITED Shareholders

i4plus limited

100%

Cc Electronics Europe Limited currently has 3 directors. The longest serving directors include Mr Darren Turner (Feb 2022) and Mr David Brindle (Feb 2022).

officer	country	age	start	end	role
Mr Darren Turner	England	51 years	Feb 2022	-	Director
Mr David Brindle		54 years	Feb 2022	-	Director
Mr David Brindle	England	54 years	Feb 2022	-	Director

P&L

December 2022

turnover

3.3m

-30%

operating profit

1.3m

gross margin

30.5%

+6.55%

turnover

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

Balance Sheet

December 2022

net assets

3.2m

+0.5%

total assets

4.7m

+0.36%

cash

547.1k

+0.27%

net assets

Total assets minus all liabilities

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company number

02220098

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

February 1988

ultimate parent company

I4PLUS LIMITED

previous names

cheshire circuits limited (February 2003)

address

wharton industrial estate, nat lane, winsford, cheshire, CW7 3BS

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 5 charges/mortgages relating to cc electronics europe limited. Currently there are 2 open charges and 3 have been satisfied in the past.

cc electronics europe limited Company Information

cc electronics europe limited Estimated Valuation

cc electronics europe limited Estimated Valuation

cc electronics europe limited Estimated Valuation

Cc Electronics Europe Limited Overview

Cc Electronics Europe Limited Health Check

CC ELECTRONICS EUROPE LIMITED financials

cc electronics europe limited Credit Report and Business Information

Cc Electronics Europe Limited Competitor Analysis

cc electronics europe limited Ownership

cc electronics europe limited directors

cc electronics europe limited company details

cc electronics europe limited Charges & Mortgages

cc electronics europe limited Companies House Filings - See Documents