bonnells electrical contractors limited

bonnells electrical contractors limited Company Information

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Company Number

02297919

Industry

Electrical installation

 

Shareholders

ea-rs group limited

Group Structure

View All

Contact

Registered Address

4 swanbridge industrial park, croft road, witham, CM8 3YN

bonnells electrical contractors limited Estimated Valuation

£648.6k

Pomanda estimates the enterprise value of BONNELLS ELECTRICAL CONTRACTORS LIMITED at £648.6k based on a Turnover of £1.3m and 0.5x industry multiple (adjusted for size and gross margin).

bonnells electrical contractors limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of BONNELLS ELECTRICAL CONTRACTORS LIMITED at £2.2m based on an EBITDA of £459.9k and a 4.8x industry multiple (adjusted for size and gross margin).

bonnells electrical contractors limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of BONNELLS ELECTRICAL CONTRACTORS LIMITED at £3.5m based on Net Assets of £1.3m and 2.72x industry multiple (adjusted for liquidity).

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Bonnells Electrical Contractors Limited Overview

Bonnells Electrical Contractors Limited is a live company located in witham, CM8 3YN with a Companies House number of 02297919. It operates in the electrical installation sector, SIC Code 43210. Founded in September 1988, it's largest shareholder is ea-rs group limited with a 100% stake. Bonnells Electrical Contractors Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Bonnells Electrical Contractors Limited Health Check

Pomanda's financial health check has awarded Bonnells Electrical Contractors Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1.8m, make it larger than the average company (£1.2m)

£1.8m - Bonnells Electrical Contractors Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.8%)

-2% - Bonnells Electrical Contractors Limited

5.8% - Industry AVG

production

Production

with a gross margin of 26%, this company has a comparable cost of product (26%)

26% - Bonnells Electrical Contractors Limited

26% - Industry AVG

profitability

Profitability

an operating margin of 14.7% make it more profitable than the average company (6.1%)

14.7% - Bonnells Electrical Contractors Limited

6.1% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (14)

20 - Bonnells Electrical Contractors Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.5k, the company has an equivalent pay structure (£41.5k)

£41.5k - Bonnells Electrical Contractors Limited

£41.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £92.2k, this is less efficient (£133.5k)

£92.2k - Bonnells Electrical Contractors Limited

£133.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 83 days, this is later than average (59 days)

83 days - Bonnells Electrical Contractors Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (43 days)

9 days - Bonnells Electrical Contractors Limited

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Bonnells Electrical Contractors Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 165 weeks, this is more cash available to meet short term requirements (23 weeks)

165 weeks - Bonnells Electrical Contractors Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22.4%, this is a lower level of debt than the average (62.3%)

22.4% - Bonnells Electrical Contractors Limited

62.3% - Industry AVG

BONNELLS ELECTRICAL CONTRACTORS LIMITED financials

EXPORTms excel logo

Bonnells Electrical Contractors Limited's latest turnover from September 2023 is estimated at £1.3 million and the company has net assets of £1.3 million. According to their latest financial statements, Bonnells Electrical Contractors Limited has 19 employees and maintains cash reserves of £706.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover1,302,3401,843,9743,278,1112,902,2531,939,5942,221,3291,328,100994,2781,252,4691,165,0151,501,1691,306,3842,414,3691,750,6981,425,336
Other Income Or Grants000000000000000
Cost Of Sales961,9431,364,2992,454,5772,173,8621,450,1021,632,121953,505707,133875,712808,7141,047,792883,8991,607,6501,091,067885,085
Gross Profit340,397479,675823,534728,392489,492589,208374,596287,145376,757356,301453,377422,484806,719659,632540,251
Admin Expenses-116,637208,835298,655453,759462,044422,797346,494269,112357,189453,569454,031423,341598,457631,395639,725
Operating Profit457,034270,840524,879274,63327,448166,41128,10218,03319,568-97,268-654-857208,26228,237-99,474
Interest Payable0000002,5984,9962,598000000
Interest Receivable31,43131,1412,2413171,4661,04148510211028144330110816996
Pre-Tax Profit488,465301,981527,120274,95128,915167,45225,98913,13917,080-96,987-211-556208,37028,406-99,378
Tax-122,116-57,376-100,153-52,241-5,494-31,816-4,938-2,628-3,416000-54,176-7,9540
Profit After Tax366,349244,605426,967222,71023,421135,63621,05110,51113,664-96,987-211-556154,19420,452-99,378
Dividends Paid000000000000000
Retained Profit366,349244,605426,967222,71023,421135,63621,05110,51113,664-96,987-211-556154,19420,452-99,378
Employee Costs841,414829,864797,896795,778820,044808,505428,965323,683357,421318,024413,215367,133707,673581,590494,342
Number Of Employees192020202020118981110191613
EBITDA*459,855293,915565,333310,06854,664195,02041,23327,61327,469-92,26834613,298219,88337,951-91,589

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets12,24915,07039,45061,34550,80164,63446,20535,07024,97216,49321,49317,39423,25231,67314,477
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets12,24915,07039,45061,34550,80164,63446,20535,07024,97216,49321,49317,39423,25231,67314,477
Stock & work in progress000000000000000
Trade Debtors212,595422,051775,128572,029315,818399,022245,714230,430298,100233,203306,325258,476457,626294,452225,195
Group Debtors771,69500000000000000
Misc Debtors73,79711,4000000000000000
Cash706,5631,066,244490,813405,524228,791162,269115,35678,6832,74241,11071,192106,12414,19829,04938,361
misc current assets000000000000000
total current assets1,764,6501,499,6951,265,941977,553544,609561,291361,070309,113300,842274,313377,517364,600471,824323,501263,556
total assets1,776,8991,514,7651,305,3911,038,898595,410625,925407,275344,183325,814290,806399,010381,994495,076355,174278,033
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 28,62735,003366,421442,801224,027275,515196,57347,10726,730133,358144,575127,348239,874254,166197,445
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities447,387300,82000000109,686127,972000000
total current liabilities476,014335,823366,421442,801224,027275,515196,573156,793154,702133,358144,575127,348239,874254,166197,445
loans000000079,93479,934000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00079,93479,93479,93479,9340079,93479,93479,93479,93479,93479,966
provisions3,0622,8637,49611,6569,65212,1008,0285,7670000000
total long term liabilities3,0622,8637,49691,59089,58692,03487,96285,70179,93479,93479,93479,93479,93479,93479,966
total liabilities479,076338,686373,917534,391313,613367,549284,535242,494234,636213,292224,509207,282319,808334,100277,411
net assets1,297,8231,176,079931,474504,507281,797258,376122,740101,68991,17877,514174,501174,712175,26821,074622
total shareholders funds1,297,8231,176,079931,474504,507281,797258,376122,740101,68991,17877,514174,501174,712175,26821,074622
Sep 2023Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit457,034270,840524,879274,63327,448166,41128,10218,03319,568-97,268-654-857208,26228,237-99,474
Depreciation2,82123,07540,45435,43527,21628,60913,1319,5807,9015,0001,00014,15511,6219,7147,885
Amortisation000000000000000
Tax-122,116-57,376-100,153-52,241-5,494-31,816-4,938-2,628-3,416000-54,176-7,9540
Stock000000000000000
Debtors282,959-341,677203,099256,211-83,204153,30815,284-67,67064,897-73,12247,849-199,150163,17469,257225,195
Creditors-337,794-331,418-76,380218,774-51,48878,942149,46620,377-106,628-11,21717,227-112,526-14,29256,721197,445
Accruals and Deferred Income447,387300,8200000-109,686-18,286127,972000000
Deferred Taxes & Provisions-4,434-4,633-4,1602,004-2,4484,0722,2615,7670000000
Cash flow from operations159,939542,985181,541222,39478,43892,91063,052100,513-19,500-30,363-30,27699,922-11,75917,461-119,339
Investing Activities
capital expenditure24,3801,305-18,559-45,979-13,383-47,038-24,266-19,678-16,3800-5,099-8,297-3,200-26,910-22,362
Change in Investments000000000000000
cash flow from investments24,3801,305-18,559-45,979-13,383-47,038-24,266-19,678-16,3800-5,099-8,297-3,200-26,910-22,362
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000-79,934079,934000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00-79,93400079,9340-79,9340000-3279,966
share issue00000000000000100,000
interest31,43131,1412,2413171,4661,041-2,113-4,894-2,48828144330110816996
cash flow from financing31,43131,141-77,6933171,4661,041-2,113-4,894-2,488281443301108137180,062
cash and cash equivalents
cash215,750575,43185,289176,73366,52246,91336,67375,941-38,368-30,082-34,93291,926-14,851-9,31238,361
overdraft000000000000000
change in cash215,750575,43185,289176,73366,52246,91336,67375,941-38,368-30,082-34,93291,926-14,851-9,31238,361

bonnells electrical contractors limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Bonnells Electrical Contractors Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for bonnells electrical contractors limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CM8 area or any other competitors across 12 key performance metrics.

bonnells electrical contractors limited Ownership

BONNELLS ELECTRICAL CONTRACTORS LIMITED group structure

Bonnells Electrical Contractors Limited has no subsidiary companies.

Ultimate parent company

2 parents

BONNELLS ELECTRICAL CONTRACTORS LIMITED

02297919

BONNELLS ELECTRICAL CONTRACTORS LIMITED Shareholders

ea-rs group limited 100%

bonnells electrical contractors limited directors

Bonnells Electrical Contractors Limited currently has 2 directors. The longest serving directors include Mr Alan Wheal (Sep 2023) and Mr Mark Wheeler (Sep 2023).

officercountryagestartendrole
Mr Alan WhealEngland56 years Sep 2023- Director
Mr Mark Wheeler49 years Sep 2023- Director

P&L

September 2023

turnover

1.3m

-60%

operating profit

457k

0%

gross margin

26.2%

+4.04%

turnover

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

Balance Sheet

September 2023

net assets

1.3m

+0.39%

total assets

1.8m

+0.36%

cash

706.6k

+0.44%

net assets

Total assets minus all liabilities

bonnells electrical contractors limited company details

company number

02297919

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

September 1988

age

36

incorporated

UK

accounts

Small Company

last accounts submitted

September 2023

previous names

wisehale limited (February 1989)

accountant

-

auditor

-

address

4 swanbridge industrial park, croft road, witham, CM8 3YN

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

bonnells electrical contractors 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 5 charges/mortgages relating to bonnells electrical contractors limited. Currently there are 1 open charges and 4 have been satisfied in the past.

bonnells electrical contractors 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 BONNELLS ELECTRICAL CONTRACTORS LIMITED. This can take several minutes, an email will notify you when this has completed.

bonnells electrical contractors limited Companies House Filings - See Documents

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