Itec Power Services Limited

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itec power services limited Company Information

Company Number

02236627

Next Accounts

Dec 2025

Directors

Jon Matthews

Tim Matthews

Shareholders

timothy matthews

jon matthews

Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Registered Address

itec house, no.2 berkeley street, ashton under lyne, lancs, OL6 7DT

Website

www.itecengineeringservices.co.uk

itec power services limited Estimated Valuation

£652.6k

Pomanda estimates the enterprise value of ITEC POWER SERVICES LIMITED at £652.6k based on a Turnover of £1.5m and 0.45x industry multiple (adjusted for size and gross margin).

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Itec Power Services Limited is a live company located in ashton under lyne, OL6 7DT with a Companies House number of 02236627. It operates in the other engineering activities sector, SIC Code 71129. Founded in March 1988, it's largest shareholder is timothy matthews with a 90% stake. Itec Power Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with low growth in recent years.

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Pomanda's financial health check has awarded Itec Power Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9.8%)

EXPORT

Itec Power Services Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £205.6 thousand. According to their latest financial statements, Itec Power Services Limited has 13 employees and maintains cash reserves of £95 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	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	1,461,113	1,609,335	1,322,941	1,408,005	2,399,344	2,211,206	2,009,202	2,350,760	2,247,812	2,671,775	2,361,830	3,248,378	1,994,656	1,649,257	1,842,369
Other Income Or Grants
Cost Of Sales	944,116	1,054,144	873,457	923,354	1,624,849	1,436,607	1,284,216	1,481,765	1,412,558	1,677,990	1,518,166	2,114,018	1,228,669	999,785	1,120,767
Gross Profit	516,997	555,192	449,484	484,651	774,495	774,599	724,987	868,996	835,254	993,785	843,664	1,134,360	765,987	649,472	721,602
Admin Expenses	549,935	578,291	424,109	499,279	788,819	767,858	698,029	812,336	866,354	975,300	774,624	1,047,734	707,052	602,450	702,644
Operating Profit	-32,938	-23,099	25,375	-14,628	-14,324	6,741	26,958	56,660	-31,100	18,485	69,040	86,626	58,935	47,022	18,958
Interest Payable	1,832	3,438	3,017	895			4,909	11,588	7,142
Interest Receivable	4	511	135	58	79	449	303	150	221	164	363	370	205	171	75
Pre-Tax Profit	-34,766	-26,027	22,494	-15,465	-14,245	7,190	22,353	45,223	-38,021	18,649	69,403	86,996	59,141	47,193	19,033
Tax			-4,274			-1,366	-4,247	-9,044		-3,916	-15,963	-20,879	-15,377	-13,214	-5,329
Profit After Tax	-34,766	-26,027	18,220	-15,465	-14,245	5,824	18,106	36,178	-38,021	14,733	53,440	66,117	43,764	33,979	13,704
Dividends Paid
Retained Profit	-34,766	-26,027	18,220	-15,465	-14,245	5,824	18,106	36,178	-38,021	14,733	53,440	66,117	43,764	33,979	13,704
Employee Costs	697,159	821,952	745,748	742,737	742,737	803,185	730,565	682,226	915,039	967,493	856,035	1,234,573	827,183	707,812	749,018
Number Of Employees	13	16	15	16	16	17	16	15	20	21	19	29	20	18	19
EBITDA*	2,876	10,100	45,827	9,508	14,809	38,886	61,238	91,890	2,699	56,396	97,417	123,034	79,147	63,451	35,881

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	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	89,385	106,503	74,017	94,782	104,454	119,373	128,737	138,798	120,826	120,428	82,672	111,247	78,217	73,143	67,661
Intangible Assets										3,738	7,476	11,214	14,952
Investments & Other		3,000
Debtors (Due After 1 year)
Total Fixed Assets	89,385	109,503	74,017	94,782	104,454	119,373	128,737	138,798	120,826	124,166	90,148	122,461	93,169	73,143	67,661
Stock & work in progress	148,164	141,001	171,809	194,329	182,883	227,183	177,705	160,170	163,805	194,984	148,090	129,349	102,448	85,348	78,023
Trade Debtors	269,452	296,045	236,610	242,497	368,798	333,225	323,929	479,168	394,631	391,497	372,485	475,297	314,349	263,114	258,779
Group Debtors		10,000
Misc Debtors	17,452	4,182	18,350	8,762									45,000
Cash	95	59	23,966	12,041	103,814	54,575	65,287	56,057	63,720	24,671	41,072	104,147	43,888	38,273	30,046
misc current assets
total current assets	435,163	451,287	450,735	457,629	655,495	614,983	566,921	695,395	622,156	611,152	561,647	708,793	505,685	386,735	366,848
total assets	524,548	560,790	524,752	552,411	759,949	734,356	695,658	834,193	742,982	735,318	651,795	831,254	598,854	459,878	434,509
Bank overdraft	25,501	7,061	60,023	29,355					53,891
Bank loan								151,035	165,875
Trade Creditors	170,540	198,005	124,141	130,061	474,664	426,399	385,534	336,350	242,809	427,151	383,574	586,055	438,763	348,603	364,773
Group/Directors Accounts
other short term finances
hp & lease commitments	20,594	18,683		1,867				39,823	23,024
other current liabilities	74,229	43,089	60,186	124,396
total current liabilities	290,864	266,838	244,350	285,679	474,664	426,399	385,534	527,208	485,599	427,151	383,574	586,055	438,763	348,603	364,773
loans
hp & lease commitments	14,180	33,310
Accruals and Deferred Income
other liabilities					1,867	7,467	13,689	26,756	15,557	27,666	9,283	35,072	20,908	23,173	14,292
provisions	13,863	20,235	13,968	18,518	19,739	22,566	24,335	26,235	24,010	24,664	17,834	22,463	17,636	10,319	11,640
total long term liabilities	28,043	53,545	13,968	18,518	21,606	30,033	38,024	52,991	39,567	52,330	27,117	57,535	38,544	33,492	25,932
total liabilities	318,907	320,383	258,318	304,197	496,270	456,432	423,558	580,199	525,166	479,481	410,691	643,590	477,307	382,095	390,705
net assets	205,641	240,407	266,434	248,214	263,679	277,924	272,100	253,994	217,816	255,837	241,104	187,664	121,547	77,783	43,804
total shareholders funds	205,641	240,407	266,434	248,214	263,679	277,924	272,100	253,994	217,816	255,837	241,104	187,664	121,547	77,783	43,804

	Mar 2024	Mar 2023	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	-32,938	-23,099	25,375	-14,628	-14,324	6,741	26,958	56,660	-31,100	18,485	69,040	86,626	58,935	47,022	18,958
Depreciation	35,814	33,199	20,452	24,136	29,133	32,145	34,280	35,230	30,061	34,173	24,639	32,670	20,212	16,429	16,923
Amortisation									3,738	3,738	3,738	3,738
Tax			-4,274			-1,366	-4,247	-9,044		-3,916	-15,963	-20,879	-15,377	-13,214	-5,329
Stock	7,163	-30,808	-22,520	11,446	-44,300	49,478	17,535	-3,635	-31,179	46,894	18,741	26,901	17,100	7,325	78,023
Debtors	-23,323	55,267	3,701	-117,539	35,573	9,296	-155,239	84,537	3,134	19,012	-102,812	115,948	96,235	4,335	258,779
Creditors	-27,465	73,864	-5,920	-344,603	48,265	40,865	49,184	93,541	-184,342	43,577	-202,481	147,292	90,160	-16,170	364,773
Accruals and Deferred Income	31,140	-17,097	-64,210	124,396
Deferred Taxes & Provisions	-6,372	6,267	-4,550	-1,221	-2,827	-1,769	-1,900	2,225	-654	6,830	-4,629	4,827	7,317	-1,321	11,640
Cash flow from operations	16,339	48,675	-14,308	-105,827	68,974	17,842	241,979	97,710	-154,252	36,981	-41,585	111,425	47,912	21,086	70,163
Investing Activities
capital expenditure	-18,696	-65,685	313	-14,464	-14,214	-22,781	-24,219	-53,202	-30,459	-71,929	3,936	-65,700	-40,238	-21,911	-84,584
Change in Investments	-3,000	3,000
cash flow from investments	-15,696	-68,685	313	-14,464	-14,214	-22,781	-24,219	-53,202	-30,459	-71,929	3,936	-65,700	-40,238	-21,911	-84,584
Financing Activities
Bank loans							-151,035	-14,840	165,875
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	-17,219	51,993	-1,867	1,867			-39,823	16,799	23,024
other long term liabilities				-1,867	-5,600	-6,222	-13,067	11,199	-12,109	18,383	-25,789	14,164	-2,265	8,881	14,292
share issue															30,100
interest	-1,828	-2,927	-2,882	-837	79	449	-4,606	-11,438	-6,921	164	363	370	205	171	75
cash flow from financing	-19,047	49,066	-4,749	-837	-5,521	-5,773	-208,531	1,720	169,869	18,547	-25,426	14,534	-2,060	9,052	44,467
cash and cash equivalents
cash	36	-23,907	11,925	-91,773	49,239	-10,712	9,230	-7,663	39,049	-16,401	-63,075	60,259	5,615	8,227	30,046
overdraft	18,440	-52,962	30,668	29,355				-53,891	53,891
change in cash	-18,404	29,055	-18,743	-121,128	49,239	-10,712	9,230	46,228	-14,842	-16,401	-63,075	60,259	5,615	8,227	30,046

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ITEC POWER SERVICES LIMITED group structure

Itec Power Services Limited has no subsidiary companies.

Ultimate parent company

ITEC POWER SERVICES LIMITED

02236627

ITEC POWER SERVICES LIMITED Shareholders

timothy matthews	90%
jon matthews	10%

Itec Power Services Limited currently has 2 directors. The longest serving directors include Mr Jon Matthews (Jan 1996) and Mr Tim Matthews (Jan 2021).

officer	country	age	start	end	role
Mr Jon Matthews	England	62 years	Jan 1996	-	Director
Mr Tim Matthews	England	60 years	Jan 2021	-	Director

P&L

March 2024

turnover

1.5m

-9%

operating profit

-32.9k

gross margin

35.4%

+2.57%

turnover

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

Balance Sheet

March 2024

net assets

205.6k

-0.14%

total assets

524.5k

-0.06%

cash

+0.61%

net assets

Total assets minus all liabilities

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company number

02236627

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

March 1988

ultimate parent company

None

previous names

i.t.e.c. bearing & power transmission services limited (September 1995)

address

itec house, no.2 berkeley street, ashton under lyne, lancs, OL6 7DT

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.

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itec power services limited Company Information

itec power services limited Estimated Valuation

itec power services limited Estimated Valuation

itec power services limited Estimated Valuation

Itec Power Services Limited Overview

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ITEC POWER SERVICES LIMITED financials

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