Relay Engineering Limited

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relay engineering limited Company Information

Live

MatureLargeHigh

Company Number

02431701

Website

www.relay-engineering.com

Registered Address

8th floor the aspect, 12 finsbury square, london, EC2A 1AS

Industry

Electrical installation

Manufacture of metal structures and parts of structures

Telephone

02392667040

Next Accounts Due

September 2024

Group Structure

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Directors

Paul Fisher27 Years

Alan Froud19 Years

View All

Shareholders

denholm energy services limited 100%

relay engineering limited Estimated Valuation

£16m

Pomanda estimates the enterprise value of RELAY ENGINEERING LIMITED at £16m based on a Turnover of £20.6m and 0.78x industry multiple (adjusted for size and gross margin).

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Relay Engineering Limited is a live company located in london, EC2A 1AS with a Companies House number of 02431701. It operates in the electrical installation sector, SIC Code 43210. Founded in October 1989, it's largest shareholder is denholm energy services limited with a 100% stake. Relay Engineering Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.6m with high growth in recent years.

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Pomanda's financial health check has awarded Relay Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

6 Strong

0 Regular

6 Weak

Size

annual sales of £20.6m, make it larger than the average company (£7.4m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RELAY ENGINEERING LIMITED group structure

Relay Engineering Limited has 2 subsidiary companies.

Ultimate parent company

DENHOLM ENERGY SERVICES LIMITED

09186034

1 parent

RELAY ENGINEERING LIMITED

02431701

2 subsidiaries

TANKTECH SERVICES LIMITED

01978604

PDL DENHOLM VALVECARE LIMITED

SC213871

RELAY ENGINEERING LIMITED Shareholders

denholm energy services limited

100%

Relay Engineering Limited currently has 8 directors. The longest serving directors include Mr Paul Fisher (Oct 1996) and Mr Alan Froud (Apr 2005).

officer	country	age	start	end	role
Mr Paul Fisher	Scotland	52 years	Oct 1996	-	Director
Mr Alan Froud	United Kingdom	51 years	Apr 2005	-	Director
Mr Michael Beveridge	United Kingdom	57 years	Feb 2009	-	Director
Mr Michael Beveridge	Scotland	57 years	Feb 2009	-	Director
Mr Martin Clark	United Kingdom	50 years	May 2017	-	Director
Mr Andrew Wrankmore	United Kingdom	50 years	Aug 2019	-	Director
Mr Bruce Gill	United Kingdom	55 years	Sep 2019	-	Director
Mr Marcus Howarth	United Kingdom	51 years	Aug 2021	-	Director

EXPORT

Relay Engineering Limited's latest turnover from December 2022 is £20.6 million and the company has net assets of £3.2 million. According to their latest financial statements, Relay Engineering Limited has 296 employees and maintains cash reserves of £592.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	20,553,085	10,693,678	11,030,480	12,253,727	12,803,207	11,579,168	9,823,739	12,585,508	11,293,550	12,051,797	11,862,725	10,653,783	9,695,687	9,124,833
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,611,612	6,869,992	6,658,874	7,745,991	8,426,543	8,056,127	6,262,848	7,604,415	6,897,066	7,529,655	7,522,105	7,190,812	6,444,407	6,242,093
Gross Profit	6,941,473	3,823,686	4,371,606	4,507,736	4,376,664	3,523,041	3,560,891	4,981,093	4,396,484	4,522,142	4,340,620	3,462,971	3,251,280	2,882,740
Admin Expenses	5,245,566	3,184,883	2,920,610	2,761,704	2,699,330	2,588,793	2,220,314	2,446,793	2,252,583	2,179,417	1,966,147	1,787,042	1,631,275	1,603,933
Operating Profit	1,695,907	638,803	1,450,996	1,746,032	1,677,334	934,248	1,340,577	2,534,300	2,143,901	2,342,725	2,374,473	1,675,929	1,620,005	1,278,807
Interest Payable	372,816	314,619	331,623	356,220	443,533	557,869	475,150	384,144	303,839	271,583	80,019	30,437	20,089	22,279
Interest Receivable	0	2,566	19	16,075	94	59,029	159,547	174,032	163,924	161,683	151,690	104,899	88,717	16,012
Pre-Tax Profit	3,201,169	265,300	1,119,392	1,938,147	2,663,583	1,273,096	-5,594,726	3,569,249	4,012,104	3,744,575	2,623,269	1,754,363	1,660,137	1,255,334
Tax	-242,150	-149,428	-216,039	-41,122	-97,989	-43,173	-189,784	-517,218	-425,720	-514,926	-599,535	-455,286	-512,228	-367,395
Profit After Tax	2,959,019	115,872	903,353	1,897,025	2,565,594	1,229,923	-5,784,510	3,052,031	3,586,384	3,229,649	2,023,734	1,299,077	1,147,909	887,939
Dividends Paid	0	0	0	2,250,000	0	0	0	3,000,000	3,500,000	2,700,000	1,600,000	1,200,000	1,000,000	600,000
Retained Profit	2,959,019	115,872	903,353	-352,975	2,565,594	1,229,923	-5,784,510	52,031	86,384	529,649	423,734	99,077	147,909	287,939
Employee Costs	7,395,570	5,166,729	5,873,590	5,554,053	4,874,644	4,340,403	4,560,617	4,528,678	4,381,706	4,222,484	3,660,044	3,293,395	3,069,869	2,948,045
Number Of Employees	296	215	214	178	166	134	147	129	115	104	93	87	83	83
EBITDA*	1,969,095	795,489	1,567,057	1,874,144	1,858,525	1,140,716	1,552,773	2,736,586	2,324,508	2,517,140	2,515,667	1,844,393	1,791,525	1,384,621

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	940,785	701,782	284,927	293,729	287,804	410,030	515,984	584,843	516,307	555,501	616,005	415,030	512,745	590,750
Intangible Assets	915,023	930,871	189,742	0	0	0	0	0	0	0	0	3,173	41,227	79,282
Investments & Other	1,457,966	4,076,745	5,595,512	5,220,557	6,420,557	6,208,057	6,204,314	9,287,900	9,287,900	8,855,451	8,221,691	15,100	15,100	15,100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,313,774	5,709,398	6,070,181	5,514,286	6,708,361	6,618,087	6,720,298	9,872,743	9,804,207	9,410,952	8,837,696	433,303	569,072	685,132
Stock & work in progress	1,172,648	683,641	205,695	190,927	171,864	125,881	748,221	606,767	761,207	703,588	652,877	713,899	832,380	651,271
Trade Debtors	6,613,675	5,701,563	3,417,112	4,836,467	5,009,374	5,694,763	4,033,978	2,232,209	2,470,817	2,216,182	1,967,863	2,804,388	1,899,824	2,262,773
Group Debtors	1,896,774	541,462	1,528,193	1,167,531	521,396	27,500	1,006,076	2,045,425	2,288,689	3,667,954	3,851,861	1,595,155	1,370,194	763,693
Misc Debtors	1,988,780	645,886	196,123	203,835	243,485	480,840	237,817	102,310	99,832	33,093	46,736	33,393	84,175	9,975
Cash	592,515	334,389	784,646	235,180	133,322	77,238	528,375	489,337	63,600	140,413	408,938	2,011	676	415
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	12,264,392	7,906,941	6,131,769	6,633,940	6,079,441	6,406,222	6,554,467	5,476,048	5,684,145	6,761,230	6,928,275	5,148,846	4,187,249	3,688,127
total assets	15,578,166	13,616,339	12,201,950	12,148,226	12,787,802	13,024,309	13,274,765	15,348,791	15,488,352	16,172,182	15,765,971	5,582,149	4,756,321	4,373,259
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	4,910	32,630	58,621
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,103,951	204,429	144,992	152,789	436,997	480,243	327,129	539,074	650,289	620,824	718,763	609,531	479,988	629,004
Group/Directors Accounts	1,082,437	2,646,859	557,877	1,392,500	965,794	4,647,665	6,657,432	2,219,884	2,124,176	4,503	19,300	411,056	2,986	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	1,220,247	1,552,539	1,208,468	1,215,677	1,644,776	1,485,230	1,108,956	1,624,075	1,791,702	4,207,878	2,475,722	2,101,189	1,861,569	1,152,916
total current liabilities	3,406,635	4,403,827	1,911,337	2,760,966	3,047,567	6,613,138	8,093,517	4,383,033	4,566,167	4,833,205	3,213,785	3,126,686	2,377,173	1,840,541
loans	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	8,236,530	8,236,530	8,236,530	8,236,530	8,729,344	8,236,530	770,967	770,967	1,101,551
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	2,219,786	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	8,458	17,973	34,707	47,067	69,829	40,724
total long term liabilities	9,000,000	9,000,000	9,000,000	9,000,000	9,000,000	8,236,530	8,236,530	8,236,530	8,244,988	8,747,317	10,491,023	818,034	840,796	1,142,275
total liabilities	12,406,635	13,403,827	10,911,337	11,760,966	12,047,567	14,849,668	16,330,047	12,619,563	12,811,155	13,580,522	13,704,808	3,944,720	3,217,969	2,982,816
net assets	3,171,531	212,512	1,290,613	387,260	740,235	-1,825,359	-3,055,282	2,729,228	2,677,197	2,591,660	2,061,163	1,637,429	1,538,352	1,390,443
total shareholders funds	3,171,531	212,512	1,290,613	387,260	740,235	-1,825,359	-3,055,282	2,729,228	2,677,197	2,591,660	2,061,163	1,637,429	1,538,352	1,390,443

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,695,907	638,803	1,450,996	1,746,032	1,677,334	934,248	1,340,577	2,534,300	2,143,901	2,342,725	2,374,473	1,675,929	1,620,005	1,278,807
Depreciation	273,188	156,686	116,061	128,112	181,191	206,468	212,196	202,286	180,607	174,415	138,021	130,410	133,465	102,010
Amortisation	0	0	0	0	0	0	0	0	0	0	3,173	38,054	38,055	3,804
Tax	-242,150	-149,428	-216,039	-41,122	-97,989	-43,173	-189,784	-517,218	-425,720	-514,926	-599,535	-455,286	-512,228	-367,395
Stock	489,007	477,946	14,768	19,063	45,983	-622,340	141,454	-154,440	57,619	50,711	-61,022	-118,481	181,109	651,271
Debtors	3,610,318	1,747,483	-1,066,405	433,578	-428,848	925,232	897,927	-479,394	-1,057,891	50,769	1,433,524	1,078,743	317,752	3,036,441
Creditors	899,522	59,437	-7,797	-284,208	-43,246	153,114	-211,945	-111,215	29,465	-97,939	109,232	129,543	-149,016	629,004
Accruals and Deferred Income	-332,292	344,071	-7,209	-429,099	159,546	376,274	-515,119	-167,627	-2,416,176	-487,630	2,594,319	239,620	708,653	1,152,916
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-8,458	-9,515	-16,734	-12,360	-22,762	29,105	40,724
Cash flow from operations	-1,805,150	-1,175,860	2,387,649	667,074	2,259,701	1,324,039	-403,456	2,565,902	502,834	1,298,431	3,234,821	775,246	1,369,178	-847,842
Investing Activities
capital expenditure	-496,343	-1,314,670	-297,001	-134,037	-58,965	-100,514	-143,337	-270,822	-141,413	-113,911	-338,996	-32,695	-55,460	-775,846
Change in Investments	-2,618,779	-1,518,767	374,955	-1,200,000	212,500	3,743	-3,083,586	0	432,449	633,760	8,206,591	0	0	15,100
cash flow from investments	2,122,436	204,097	-671,956	1,065,963	-271,465	-104,257	2,940,249	-270,822	-573,862	-747,671	-8,545,587	-32,695	-55,460	-790,946
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,564,422	2,088,982	-834,623	426,706	-3,681,871	-2,009,767	4,437,548	95,708	2,119,673	-14,797	-391,756	408,070	2,986	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	763,470	0	0	0	-492,814	492,814	7,465,563	0	-330,584	1,101,551
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-1,193,973	0	0	0	0	0	0	-847	848	0	0	0	1,102,504
interest	-372,816	-312,053	-331,604	-340,145	-443,439	-498,840	-315,603	-210,112	-139,915	-109,900	71,671	74,462	68,628	-6,267
cash flow from financing	-1,937,238	582,956	-1,166,227	86,561	-3,361,840	-2,508,607	4,121,945	-114,404	1,486,097	368,965	7,145,478	482,532	-258,970	2,197,788
cash and cash equivalents
cash	258,126	-450,257	549,466	101,858	56,084	-451,137	39,038	425,737	-76,813	-268,525	406,927	1,335	261	415
overdraft	0	0	0	0	0	0	0	0	0	0	-4,910	-27,720	-25,991	58,621
change in cash	258,126	-450,257	549,466	101,858	56,084	-451,137	39,038	425,737	-76,813	-268,525	411,837	29,055	26,252	-58,206

P&L

December 2022

turnover

20.6m

+92%

operating profit

1.7m

+165%

gross margin

33.8%

-5.55%

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

+13.92%

total assets

15.6m

+0.14%

cash

592.5k

+0.77%

net assets

Total assets minus all liabilities

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company number

02431701

Type

Private limited with Share Capital

industry

43210 - Electrical installation

25110 - Manufacture of metal structures and parts of structures

incorporation date

October 1989

age

accounts

Full Accounts

ultimate parent company

DENHOLM ENERGY SERVICES LIMITED

previous names

relay (south west) limited (January 2007)

incorporated

address

8th floor the aspect, 12 finsbury square, london, EC2A 1AS

last accounts submitted

December 2022

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 4 charges/mortgages relating to relay engineering limited. Currently there are 2 open charges and 2 have been satisfied in the past.

relay engineering limited Company Information

relay engineering limited Estimated Valuation

relay engineering limited Estimated Valuation

relay engineering limited Estimated Valuation

Relay Engineering Limited AI Business Plan

Relay Engineering Limited Overview

Relay Engineering Limited Health Check

relay engineering limited Credit Report and Business Information

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relay engineering limited Ownership

relay engineering limited directors

RELAY ENGINEERING LIMITED financials

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relay engineering limited Charges & Mortgages

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