enerveo limited

enerveo limited Company Information

Share ENERVEO LIMITED
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Company Number

02317133

Industry

Electrical installation

 

Shareholders

sse contracting group limited

Group Structure

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Contact

Registered Address

second floor eagle court 2, hatchford way, birmingham, B26 3RZ

enerveo limited Estimated Valuation

£186.6m

Pomanda estimates the enterprise value of ENERVEO LIMITED at £186.6m based on a Turnover of £218.4m and 0.85x industry multiple (adjusted for size and gross margin).

enerveo limited Estimated Valuation

£66.6m

Pomanda estimates the enterprise value of ENERVEO LIMITED at £66.6m based on an EBITDA of £7.5m and a 8.88x industry multiple (adjusted for size and gross margin).

enerveo limited Estimated Valuation

£9.9m

Pomanda estimates the enterprise value of ENERVEO LIMITED at £9.9m based on Net Assets of £3.6m and 2.75x industry multiple (adjusted for liquidity).

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Enerveo Limited Overview

Enerveo Limited is a live company located in birmingham, B26 3RZ with a Companies House number of 02317133. It operates in the electrical installation sector, SIC Code 43210. Founded in November 1988, it's largest shareholder is sse contracting group limited with a 100% stake. Enerveo Limited is a mature, mega sized company, Pomanda has estimated its turnover at £218.4m with declining growth in recent years.

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Enerveo Limited Health Check

Pomanda's financial health check has awarded Enerveo Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £218.4m, make it larger than the average company (£2.2m)

£218.4m - Enerveo Limited

£2.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (11.7%)

-4% - Enerveo Limited

11.7% - Industry AVG

production

Production

with a gross margin of 21.6%, this company has a comparable cost of product (25.5%)

21.6% - Enerveo Limited

25.5% - Industry AVG

profitability

Profitability

an operating margin of 1.3% make it less profitable than the average company (6.7%)

1.3% - Enerveo Limited

6.7% - Industry AVG

employees

Employees

with 1097 employees, this is above the industry average (18)

1097 - Enerveo Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.3k, the company has a higher pay structure (£45k)

£58.3k - Enerveo Limited

£45k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £199.1k, this is more efficient (£151.3k)

£199.1k - Enerveo Limited

£151.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is near the average (56 days)

50 days - Enerveo Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is quicker than average (41 days)

35 days - Enerveo Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 5 days, this is less than average (9 days)

5 days - Enerveo Limited

9 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (23 weeks)

8 weeks - Enerveo Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.8%, this is a higher level of debt than the average (60.5%)

96.8% - Enerveo Limited

60.5% - Industry AVG

ENERVEO LIMITED financials

EXPORTms excel logo

Enerveo Limited's latest turnover from March 2024 is £218.4 million and the company has net assets of £3.6 million. According to their latest financial statements, Enerveo Limited has 1,097 employees and maintains cash reserves of £14.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover218,400,000256,700,000278,900,000246,700,000303,500,000319,200,000317,900,000330,000,000353,900,000489,600,000490,138,000489,667,000457,892,000469,209,000460,391,000
Other Income Or Grants000000000000000
Cost Of Sales171,300,000201,700,000225,700,000188,800,000230,700,000261,000,000273,800,000278,400,000289,700,000408,400,000416,926,000423,833,000394,639,000398,853,000384,125,000
Gross Profit47,100,00055,000,00053,200,00057,900,00072,800,00058,200,00044,100,00051,600,00064,200,00081,200,00073,212,00065,834,00063,253,00070,356,00076,266,000
Admin Expenses44,300,00055,100,00079,200,00081,200,00075,300,00054,700,00049,800,00058,000,00054,000,00047,100,00071,076,00046,763,00039,928,00041,386,00039,282,000
Operating Profit2,800,000-100,000-26,000,000-23,300,000-2,500,0003,500,000-5,700,000-6,400,00010,200,00034,100,0002,136,00019,071,00023,325,00028,970,00036,984,000
Interest Payable2,600,0001,000,000900,000000000000000
Interest Receivable100,000200,000100,000700,0002,600,0002,2501,100,0001,400,0001,300,000900,0001,042,0001,020,000879,000172,000130,000
Pre-Tax Profit-1,700,000-10,200,000-26,800,000-22,600,000100,0005,400,000-4,600,000-5,000,00014,700,00079,600,0003,928,00020,841,00024,954,00030,142,00038,114,000
Tax00-300,000100,000-300,000100,0001,100,0003,600,000-800,000-7,600,000-2,539,000-5,294,000-7,299,000-8,586,000-10,644,000
Profit After Tax-1,700,000-10,200,000-27,100,000-22,500,000-200,0005,500,000-3,500,000-1,400,00013,900,00072,000,0001,389,00015,547,00017,655,00021,556,00027,470,000
Dividends Paid000000000040,000,000040,000,00010,000,0009,750,000
Retained Profit-1,700,000-10,200,000-27,100,000-22,500,000-200,0005,500,000-3,500,000-1,400,00013,900,00072,000,000-38,611,00015,547,000-22,345,00011,556,00017,720,000
Employee Costs64,000,00080,900,00087,300,000096,100,00099,500,00095,494,424100,082,110122,200,000172,000,000172,785,000168,464,000167,303,000166,514,000166,662,000
Number Of Employees1,0971,4441,7312,3191,9022,1532,4672,5092,7964,0994,2624,4624,5064,7244,772
EBITDA*7,500,0006,000,000-22,300,000-22,400,000-2,000,0003,700,000-5,300,000-6,100,00010,500,00034,500,0003,403,00019,725,00024,023,00029,748,00039,117,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets10,900,00010,400,00012,300,0002,100,0001,200,0001,500,000800,0001,100,0001,200,000800,0001,022,0001,215,0001,493,0001,475,0001,710,000
Intangible Assets3,600,0004,000,0002,600,0001,900,0001,000,0000100,000200,000200,000200,000358,000510,000661,000813,000964,000
Investments & Other0000200,0000300,0001,600,000007,644,0008,315,0008,986,00013,941,00015,280,000
Debtors (Due After 1 year)6,600,0009,000,0009,800,000300,000000000010,793,00010,780,00063,0001,323,000
Total Fixed Assets21,100,00023,400,00024,700,0003,700,0002,400,0001,500,0001,200,0002,900,0001,400,0001,000,0009,024,00020,833,00021,920,00016,292,00019,277,000
Stock & work in progress2,700,0002,000,0001,700,0001,700,0002,400,0003,200,00040,200,00038,200,00034,300,00040,900,00041,810,00044,483,00037,419,00046,887,00036,165,000
Trade Debtors30,200,00038,100,00043,600,00053,900,00078,700,00095,900,00055,800,000105,300,000120,700,000129,900,00098,250,000108,320,00092,190,00073,136,00084,757,000
Group Debtors2,500,0002,100,0002,800,000118,200,000134,100,0000175,100,000206,900,000124,000,000124,300,000129,875,00099,353,00069,848,00084,044,00092,023,000
Misc Debtors41,900,00040,800,00030,500,00041,100,00028,700,00001,400,0001,800,0003,300,0001,800,000467,000620,0001,941,0002,127,0002,792,000
Cash14,900,0001,100,00011,000,000200,0001,000,000100,000500,000100,000500,000400,00018,000454,000286,00000
misc current assets000000000000000
total current assets92,200,00084,100,00089,600,000215,100,000244,900,000411,600,000273,000,000352,300,000282,800,000297,300,000270,420,000253,230,000201,684,000206,194,000215,737,000
total assets113,300,000107,500,000114,300,000218,800,000247,300,000413,100,000274,200,000355,200,000284,200,000298,300,000279,444,000274,063,000223,604,000222,486,000235,014,000
Bank overdraft00000000000005,111,0009,119,000
Bank loan000000000000000
Trade Creditors 16,700,00038,600,00040,300,00018,900,00020,900,00017,600,00019,500,00058,600,00016,600,00021,700,00023,932,00024,694,00016,952,00019,157,00023,503,000
Group/Directors Accounts33,300,000200,0000017,100,000039,100,00057,100,00018,900,00021,600,00053,905,00017,113,00017,695,00017,601,00028,301,000
other short term finances00000189,100,000000000000
hp & lease commitments2,500,0003,000,0003,600,000300,000100,0000000000000
other current liabilities35,900,00057,300,00050,500,00051,100,00037,600,000031,800,00050,500,00053,800,00057,400,00074,620,00090,130,00068,053,00056,873,00067,703,000
total current liabilities88,400,00099,100,00094,400,00070,300,00075,700,000238,200,00090,400,000166,200,00089,300,000100,700,000152,457,000131,937,000102,700,00098,742,000128,626,000
loans0002,600,0000000005,829,00003,830,00000
hp & lease commitments9,300,0007,500,0008,000,0001,300,0001,100,0000000000000
Accruals and Deferred Income4,600,00000000000000000
other liabilities000000000000000
provisions7,400,0006,000,0006,800,00018,400,00011,000,000017,600,00021,200,00027,100,00046,300,00044,618,00029,310,00021,954,0008,503,0004,860,000
total long term liabilities21,300,00013,500,00014,800,00010,500,00012,100,00014,200,00017,600,00021,200,00027,100,00046,300,00050,447,00029,310,00025,784,0008,503,0004,860,000
total liabilities109,700,000112,600,000109,200,00080,800,00087,800,000252,400,000108,000,000187,400,000116,400,000147,000,000202,904,000161,247,000128,484,000107,245,000133,486,000
net assets3,600,000-5,100,0005,100,000138,000,000159,500,000160,700,000166,200,000167,800,000167,800,000151,300,00076,540,000112,816,00095,120,000115,241,000101,528,000
total shareholders funds3,600,000-5,100,0005,100,000138,000,000159,500,000160,700,000166,200,000167,800,000167,800,000151,300,00076,540,000112,816,00095,120,000115,241,000101,528,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit2,800,000-100,000-26,000,000-23,300,000-2,500,0003,500,000-5,700,000-6,400,00010,200,00034,100,0002,136,00019,071,00023,325,00028,970,00036,984,000
Depreciation3,900,0004,800,0003,100,000200,000400,000200,000400,000300,000300,000400,000445,000503,000546,000627,0002,022,000
Amortisation800,0001,300,000600,000700,000100,00000000822,000151,000152,000151,000111,000
Tax00-300,000100,000-300,000100,0001,100,0003,600,000-800,000-7,600,000-2,539,000-5,294,000-7,299,000-8,586,000-10,644,000
Stock700,000300,0000-700,000-800,000-37,000,0002,000,0003,900,000-6,600,000-910,000-2,673,0007,064,000-9,468,00010,722,00036,165,000
Debtors-8,800,0003,300,000-126,800,000-28,000,000145,600,000-136,400,000-81,700,00066,000,000-8,000,00027,408,0009,506,00044,327,00015,389,000-21,525,000180,895,000
Creditors-21,900,000-1,700,00021,400,000-2,000,0003,300,000-1,900,000-39,100,00042,000,000-5,100,000-2,232,000-762,0007,742,000-2,205,000-4,346,00023,503,000
Accruals and Deferred Income-16,800,0006,800,000-600,00013,500,00037,600,000-31,800,000-18,700,000-3,300,000-3,600,000-17,220,000-15,510,00022,077,00011,180,000-10,830,00067,703,000
Deferred Taxes & Provisions1,400,000-800,000-11,600,0007,400,00011,000,000-17,600,000-3,600,000-5,900,000-19,200,0001,682,00015,308,0007,356,00013,451,0003,643,0004,860,000
Cash flow from operations-21,700,0006,700,000113,400,00025,300,000-95,200,000125,900,00014,100,000-39,600,000-3,600,000-17,368,000-6,933,000215,00033,229,00020,432,000-92,521,000
Investing Activities
capital expenditure-4,800,000-5,600,000-14,600,000-2,700,000-1,200,000-800,0000-200,000-700,000-20,000-922,000-225,000-564,000-392,000-4,807,000
Change in Investments000-200,000200,000-300,000-1,300,0001,600,0000-7,644,000-671,000-671,000-4,955,000-1,339,00015,280,000
cash flow from investments-4,800,000-5,600,000-14,600,000-2,500,000-1,400,000-500,0001,300,000-1,800,000-700,0007,624,000-251,000446,0004,391,000947,000-20,087,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts33,100,000200,0000-17,100,00017,100,000-39,100,000-18,000,00038,200,000-2,700,000-32,305,00036,792,000-582,00094,000-10,700,00028,301,000
Other Short Term Loans 0000-189,100,000189,100,000000000000
Long term loans00-2,600,0002,600,00000000-5,829,0005,829,000-3,830,0003,830,00000
Hire Purchase and Lease Commitments1,300,000-1,100,00010,000,000400,0001,200,0000000000000
other long term liabilities000000000000000
share issue10,400,0000-105,800,0001,000,000-1,000,000-11,000,0001,900,0001,400,0002,600,0002,760,0002,335,0002,149,0002,224,0002,157,00083,808,000
interest-2,500,000-800,000-800,000700,0002,600,0002,2501,100,0001,400,0001,300,000900,0001,042,0001,020,000879,000172,000130,000
cash flow from financing42,300,000-1,700,000-99,200,000-12,400,000-169,200,000139,002,250-15,000,00041,000,0001,200,000-34,474,00045,998,000-1,243,0007,027,000-8,371,000112,239,000
cash and cash equivalents
cash13,800,000-9,900,00010,800,000-800,000900,000-400,000400,000-400,000100,000382,000-436,000168,000286,00000
overdraft000000000000-5,111,000-4,008,0009,119,000
change in cash13,800,000-9,900,00010,800,000-800,000900,000-400,000400,000-400,000100,000382,000-436,000168,0005,397,0004,008,000-9,119,000

enerveo 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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Enerveo Limited Competitor Analysis

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enerveo limited Ownership

ENERVEO LIMITED group structure

Enerveo Limited has 2 subsidiary companies.

ENERVEO LIMITED Shareholders

sse contracting group limited 100%

enerveo limited directors

Enerveo Limited currently has 4 directors. The longest serving directors include Mr Luca Warnke (Jun 2021) and Mr Kieran Gilmurray (Mar 2024).

officercountryagestartendrole
Mr Luca WarnkeEngland54 years Jun 2021- Director
Mr Kieran GilmurrayUnited Kingdom52 years Mar 2024- Director
Mrs Elaine HarleyScotland55 years Apr 2024- Director
Mr Nathan SandersEngland52 years Apr 2024- Director

P&L

March 2024

turnover

218.4m

-15%

operating profit

2.8m

-2900%

gross margin

21.6%

+0.65%

turnover

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

Balance Sheet

March 2024

net assets

3.6m

-1.71%

total assets

113.3m

+0.05%

cash

14.9m

+12.55%

net assets

Total assets minus all liabilities

enerveo limited company details

company number

02317133

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

November 1988

age

37

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

sse contracting limited (October 2021)

southern electric contracting limited (September 2011)

See more

accountant

-

auditor

CLA EVELYN PARTNERS LIMITED

address

second floor eagle court 2, hatchford way, birmingham, B26 3RZ

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

enerveo 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 enerveo limited. Currently there are 2 open charges and 3 have been satisfied in the past.

enerveo 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.

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enerveo limited Companies House Filings - See Documents

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