Alpha Electrics Limited

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alpha electrics limited Company Information

Live

MatureSmallHealthy

Company Number

02463743

Next Accounts

Feb 2025

Industry

Repair of electrical equipment

Directors

Suresh Patel

Shareholders

s.g. patel

rajesh patel

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Group Structure

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Contact

Registered Address

hamilton office park, 31 high view close, leicester, leicestershire, LE4 9LJ

Website

www.alphaelectrics.com

alpha electrics limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of ALPHA ELECTRICS LIMITED at £4.1m based on Net Assets of £909k and 4.56x industry multiple (adjusted for liquidity).

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Alpha Electrics Limited is a live company located in leicester, LE4 9LJ with a Companies House number of 02463743. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in January 1990, it's largest shareholder is s.g. patel with a 25% stake. Alpha Electrics Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Alpha Electrics Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £2m, make it larger than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.2%)

EXPORT

Alpha Electrics Limited's latest turnover from May 2023 is estimated at £2 million and the company has net assets of £909 thousand. According to their latest financial statements, Alpha Electrics Limited has 15 employees and maintains cash reserves of £210.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,970,610	2,065,058	2,032,587	1,504,142	2,375,171	1,423,696	1,347,684	1,433,141	2,834,283	2,369,322	2,316,235	2,088,140	2,222,164	2,642,435
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,152,536	1,220,802	1,195,121	949,404	1,387,882	829,265	775,810	871,623	1,669,019	1,404,284	1,293,060	1,187,653	1,225,772	1,457,599
Gross Profit	818,074	844,255	837,466	554,739	987,289	594,431	571,874	561,519	1,165,264	965,038	1,023,175	900,487	996,392	1,184,837
Admin Expenses	434,552	766,646	695,665	505,796	884,597	429,400	316,779	442,086	1,165,779	914,888	975,889	1,112,659	971,621	816,439
Operating Profit	383,522	77,609	141,801	48,943	102,692	165,031	255,095	119,433	-515	50,150	47,286	-212,172	24,771	368,398
Interest Payable	14,096	18,256	17,701	19,885	25,825	27,998	30,788	17,172	10,981	25,393	30,489	33,555	36,428	18,950
Interest Receivable	6,861	975	94	50	233	251	76	64	86	107	72	20	20	10
Pre-Tax Profit	376,287	60,328	124,194	29,107	77,100	137,284	224,383	102,325	-11,410	24,865	16,869	-245,707	-11,638	349,458
Tax	-94,072	-11,462	-23,597	-5,530	-14,649	-26,084	-42,633	-20,465	0	-5,222	-3,880	0	0	-97,848
Profit After Tax	282,215	48,866	100,597	23,577	62,451	111,200	181,750	81,860	-11,410	19,643	12,989	-245,707	-11,638	251,610
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	282,215	48,866	100,597	23,577	62,451	111,200	181,750	81,860	-11,410	19,643	12,989	-245,707	-11,638	251,610
Employee Costs	644,650	607,856	633,272	614,368	613,391	501,373	457,097	540,442	876,957	668,336	744,681	703,380	890,839	1,029,138
Number Of Employees	15	15	16	16	13	13	13	13	23	17	20	19	24	26
EBITDA*	403,404	105,069	165,776	76,399	123,142	183,834	273,103	142,631	21,519	68,917	61,382	8,288	270,954	652,318

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	112,523	136,714	165,990	135,052	146,628	98,853	94,405	112,413	108,045	101,651	85,408	97,696	1,389,574	1,614,183
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	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	112,523	136,714	165,990	135,052	146,628	98,853	94,405	112,413	108,045	101,651	85,408	97,696	1,389,574	1,614,183
Stock & work in progress	198,356	282,432	293,856	238,415	206,898	199,823	184,017	262,678	309,497	397,080	472,450	555,109	799,840	721,487
Trade Debtors	407,748	389,061	338,204	271,608	498,776	324,372	298,545	257,967	461,044	391,105	329,495	264,409	182,157	223,384
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	461,247	422,580	417,432	438,670	420,753	431,112	323,501	203,505	0	0	0	0	0	0
Cash	210,909	94,012	101,008	87,348	12,224	49,819	50,682	9,714	15,955	18,324	24,634	4,140	3,951	3,972
misc current assets	0	0	0	0	0	0	0	0	9,340	0	0	0	0	0
total current assets	1,278,260	1,188,085	1,150,500	1,036,041	1,138,651	1,005,126	856,745	733,864	795,836	806,509	826,579	823,658	985,948	948,843
total assets	1,390,783	1,324,799	1,316,490	1,171,093	1,285,279	1,103,979	951,150	846,277	903,881	908,160	911,987	921,354	2,375,522	2,563,026
Bank overdraft	35,833	67,109	34,599	61,933	66,969	49,460	3,289	22,760	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	49,320	48,205	0	0	0	0	0	0
Trade Creditors	189,045	261,382	248,535	168,175	211,920	95,847	47,817	84,667	349,223	305,678	289,772	266,110	327,076	403,841
Group/Directors Accounts	0	0	0	0	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	14,353	15,632	20,715	10,473	13,753	6,570	9,784	12,587	0	0	0	0	0	0
other current liabilities	204,860	133,812	103,835	185,565	196,430	187,570	132,735	90,330	0	0	0	0	0	0
total current liabilities	444,091	477,935	407,684	426,146	489,072	339,447	242,945	258,549	349,223	305,678	289,772	266,110	327,076	403,841
loans	0	165,550	254,338	229,486	293,580	355,179	404,236	457,398	0	337,864	443,454	494,673	537,793	583,079
hp & lease commitments	32,784	47,137	64,628	34,132	44,875	14,052	11,554	21,338	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	8,230	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	529,941	236,721	170,507	165,306	1,269,681	1,323,496
provisions	4,905	7,389	11,918	4,004	4,004	4,004	12,318	10,645	0	0	0	0	0	0
total long term liabilities	37,689	220,076	330,884	267,622	342,459	373,235	428,108	489,381	538,171	574,585	613,961	659,979	1,807,474	1,906,575
total liabilities	481,780	698,011	738,568	693,768	831,531	712,682	671,053	747,930	887,394	880,263	903,733	926,089	2,134,550	2,310,416
net assets	909,003	626,788	577,922	477,325	453,748	391,297	280,097	98,347	16,487	27,897	8,254	-4,735	240,972	252,610
total shareholders funds	909,003	626,788	577,922	477,325	453,748	391,297	280,097	98,347	16,487	27,897	8,254	-4,735	240,972	252,610

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	383,522	77,609	141,801	48,943	102,692	165,031	255,095	119,433	-515	50,150	47,286	-212,172	24,771	368,398
Depreciation	19,882	27,460	23,975	27,456	20,450	18,803	18,008	23,198	22,034	18,767	14,096	220,460	246,183	283,920
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-94,072	-11,462	-23,597	-5,530	-14,649	-26,084	-42,633	-20,465	0	-5,222	-3,880	0	0	-97,848
Stock	-84,076	-11,424	55,441	31,517	7,075	15,806	-78,661	-46,819	-87,583	-75,370	-82,659	-244,731	78,353	721,487
Debtors	57,354	56,005	45,358	-209,251	164,045	133,438	160,574	428	69,939	61,610	65,086	82,252	-41,227	223,384
Creditors	-72,337	12,847	80,360	-43,745	116,073	48,030	-36,850	-264,556	43,545	15,906	23,662	-60,966	-76,765	403,841
Accruals and Deferred Income	71,048	29,977	-81,730	-10,865	8,860	54,835	42,405	82,100	8,230	0	0	0	0	0
Deferred Taxes & Provisions	-2,484	-4,529	7,914	0	0	-8,314	1,673	10,645	0	0	0	0	0	0
Cash flow from operations	332,281	87,321	47,924	193,993	62,306	103,057	155,785	-3,254	90,938	93,361	98,737	109,801	157,063	13,440
Investing Activities
capital expenditure	4,309	1,816	-54,913	-15,880	-68,225	-23,251	0	-27,566	-28,428	-35,010	-1,808	1,071,418	-21,574	-1,898,103
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	4,309	1,816	-54,913	-15,880	-68,225	-23,251	0	-27,566	-28,428	-35,010	-1,808	1,071,418	-21,574	-1,898,103
Financing Activities
Bank loans	0	0	0	0	0	-49,320	1,115	48,205	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	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	-165,550	-88,788	24,852	-64,094	-61,599	-49,057	-53,162	457,398	-337,864	-105,590	-51,219	-43,120	-45,286	583,079
Hire Purchase and Lease Commitments	-15,632	-22,574	40,738	-14,023	38,006	-716	-12,587	33,925	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-529,941	293,220	66,214	5,201	-1,104,375	-53,815	1,323,496
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-7,235	-17,281	-17,607	-19,835	-25,592	-27,747	-30,712	-17,108	-10,895	-25,286	-30,417	-33,535	-36,408	-18,940
cash flow from financing	-188,417	-128,643	47,983	-97,952	-49,185	-126,840	-95,346	-7,521	-55,539	-64,662	-76,435	-1,181,030	-135,509	1,888,635
cash and cash equivalents
cash	116,897	-6,996	13,660	75,124	-37,595	-863	40,968	-6,241	-2,369	-6,310	20,494	189	-21	3,972
overdraft	-31,276	32,510	-27,334	-5,036	17,509	46,171	-19,471	22,760	0	0	0	0	0	0
change in cash	148,173	-39,506	40,994	80,160	-55,104	-47,034	60,439	-29,001	-2,369	-6,310	20,494	189	-21	3,972

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALPHA ELECTRICS LIMITED group structure

Alpha Electrics Limited has no subsidiary companies.

Ultimate parent company

ALPHA ELECTRICS LIMITED

02463743

ALPHA ELECTRICS LIMITED Shareholders

s.g. patel	25%
rajesh patel	25%
ramesh patel	25%
hermant patel	25%

Alpha Electrics Limited currently has 1 director, Mr Suresh Patel serving since Jan 1991.

officer	country	age	start	end	role
Mr Suresh Patel		61 years	Jan 1991	-	Director

P&L

May 2023

turnover

-5%

operating profit

383.5k

gross margin

41.6%

+1.54%

turnover

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

Balance Sheet

May 2023

net assets

909k

+0.45%

total assets

1.4m

+0.05%

cash

210.9k

+1.24%

net assets

Total assets minus all liabilities

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company number

02463743

Type

Private limited with Share Capital

industry

33140 - Repair of electrical equipment

incorporation date

January 1990

ultimate parent company

None

previous names

N/A

address

hamilton office park, 31 high view close, leicester, leicestershire, LE4 9LJ

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 alpha electrics limited. Currently there are 1 open charges and 4 have been satisfied in the past.

alpha electrics limited Company Information

alpha electrics limited Estimated Valuation

alpha electrics limited Estimated Valuation

alpha electrics limited Estimated Valuation

Alpha Electrics Limited Overview

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ALPHA ELECTRICS LIMITED financials

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