Pomanda estimates the enterprise value of EXPRESS CIRCUITS LIMITED at £3.7m based on a Turnover of £4.5m and 0.82x industry multiple (adjusted for size and gross margin).
express circuits limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of EXPRESS CIRCUITS LIMITED at £0 based on an EBITDA of £-31k and a 4.86x industry multiple (adjusted for size and gross margin).
express circuits limitedEstimated Valuation
£571.4k
Pomanda estimates the enterprise value of EXPRESS CIRCUITS LIMITED at £571.4k based on Net Assets of £288.6k and 1.98x industry multiple (adjusted for liquidity).
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Express Circuits LimitedOverview
Express Circuits Limited is a live company located in derby, DE24 8HG with a Companies House number of 02465772. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in February 1990, it's largest shareholder is
plasyl ltd
with a 100% stake. Express Circuits Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4.5m with
low
growth in recent years.
Pomanda's financial health check has awarded Express Circuits Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £4.5m, make it smaller than the average company (£18.9m)
£4.5m - Express Circuits Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6%)
2% - Express Circuits Limited
6% - Industry AVG
Production
with a gross margin of 31.1%, this company has a comparable cost of product (31.1%)
31.1% - Express Circuits Limited
31.1% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (6.7%)
-3.3% - Express Circuits Limited
6.7% - Industry AVG
Employees
with 72 employees, this is similar to the industry average (88)
72 - Express Circuits Limited
88 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
£47.3k - Express Circuits Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £62.2k, this is less efficient (£175.8k)
£62.2k - Express Circuits Limited
£175.8k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (54 days)
18 days - Express Circuits Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (45 days)
35 days - Express Circuits Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 60 days, this is less than average (96 days)
60 days - Express Circuits Limited
96 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Express Circuits Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82%, this is a higher level of debt than the average (45.6%)
82% - Express Circuits Limited
45.6% - Industry AVG
EXPRESS CIRCUITS LIMITED financials
EXPORT
Express Circuits Limited's latest turnover from May 2023 is estimated at £4.5 million and the company has net assets of £288.6 thousand. According to their latest financial statements, Express Circuits Limited has 72 employees and maintains cash reserves of £42 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
4,479,452
4,153,481
4,299,158
4,191,884
4,019,158
3,980,665
3,983,197
4,019,734
1,850,016
5,293,608
5,262,925
4,858,383
4,486,227
3,396,627
Other Income Or Grants
Cost Of Sales
3,086,289
2,891,156
3,071,760
2,930,222
2,812,221
2,791,872
2,771,269
2,844,627
1,317,449
3,747,804
3,704,276
3,338,339
3,084,666
2,325,767
Gross Profit
1,393,163
1,262,325
1,227,397
1,261,662
1,206,937
1,188,793
1,211,928
1,175,107
532,568
1,545,804
1,558,649
1,520,043
1,401,561
1,070,860
Admin Expenses
1,540,551
1,482,435
1,750,350
1,565,131
1,328,546
1,145,495
882,492
951,226
363,623
1,594,931
1,522,124
1,374,019
1,272,585
-46,634
Operating Profit
-147,388
-220,110
-522,953
-303,469
-121,609
43,298
329,436
223,881
168,945
-49,127
36,525
146,024
128,976
1,117,494
Interest Payable
4,847
3,910
776
6,555
7,518
5,374
12,622
14,882
6,874
Interest Receivable
1,839
316
38
36
245
197
67
210
234
141
115
117
77
10
Pre-Tax Profit
-150,396
-223,704
-523,691
-309,988
-128,882
38,121
316,881
209,209
162,305
-48,986
36,640
146,141
129,053
1,117,504
Tax
-7,243
-60,207
-41,842
-32,461
-8,427
-35,074
-33,554
-312,901
Profit After Tax
-150,396
-223,704
-523,691
-309,988
-128,882
30,878
256,674
167,367
129,844
-48,986
28,213
111,067
95,499
804,603
Dividends Paid
Retained Profit
-150,396
-223,704
-523,691
-309,988
-128,882
30,878
256,674
167,367
129,844
-48,986
28,213
111,067
95,499
804,603
Employee Costs
3,406,708
2,986,027
3,125,619
2,994,831
2,406,102
2,731,831
2,708,683
2,529,691
524,785
1,513,646
1,498,878
1,303,484
1,186,099
960,556
Number Of Employees
72
67
74
71
60
70
70
67
14
41
43
37
35
29
EBITDA*
-30,971
-89,535
-370,116
-125,483
72,505
223,136
530,105
396,438
365,641
156,710
281,688
340,565
329,298
1,338,399
* 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
728,547
730,933
852,885
994,436
1,120,011
1,214,453
1,082,336
988,359
1,118,579
1,174,990
1,261,487
1,330,408
1,113,245
1,167,105
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
143,227
Total Fixed Assets
728,547
730,933
852,885
994,436
1,120,011
1,214,453
1,082,336
988,359
1,118,579
1,174,990
1,261,487
1,330,408
1,256,472
1,167,105
Stock & work in progress
507,387
421,061
357,492
482,040
444,512
430,926
408,696
457,335
461,223
389,032
330,395
240,317
219,439
191,227
Trade Debtors
230,939
185,415
213,575
222,261
379,130
329,211
362,069
419,280
273,460
1,028,641
1,123,807
1,138,484
1,004,887
683,289
Group Debtors
25,998
17,386
530,243
830,865
1,142,946
858,235
947,272
806,660
801,748
Misc Debtors
69,073
57,572
51,333
84,721
60,471
71,174
55,400
44,138
55,087
Cash
42,040
39,701
23,475
52,033
19,375
46,082
32,864
20,880
63,132
30,318
26,105
20,008
26,637
4,123
misc current assets
total current assets
875,437
721,135
1,176,118
1,671,920
2,046,434
1,735,628
1,806,301
1,748,293
1,654,650
1,447,991
1,480,307
1,398,809
1,250,963
878,639
total assets
1,603,984
1,452,068
2,029,003
2,666,356
3,166,445
2,950,081
2,888,637
2,736,652
2,773,229
2,622,981
2,741,794
2,729,217
2,507,435
2,045,744
Bank overdraft
214,911
157,498
246,400
211,501
Bank loan
6,036
86,292
25,431
7,858
Trade Creditors
297,386
421,276
342,814
349,737
357,136
306,577
228,494
286,846
326,859
1,077,416
920,109
959,849
921,729
878,151
Group/Directors Accounts
691,317
218,097
489,271
503,455
485,944
350,716
263,222
270,448
387,096
other short term finances
hp & lease commitments
other current liabilities
185,572
152,334
320,176
390,671
387,406
267,155
312,735
364,273
337,004
total current liabilities
1,180,311
877,999
1,177,692
1,243,863
1,445,397
932,306
961,949
1,167,967
1,262,460
1,077,416
920,109
959,849
921,729
878,151
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
33,512
100,929
78,874
246,719
203,348
112,190
216,432
387,823
551,792
527,688
455,093
132,579
provisions
135,074
135,074
155,100
135,074
145,696
145,696
128,858
118,687
123,896
117,145
180,310
180,310
180,310
180,310
total long term liabilities
135,074
135,074
188,612
236,003
224,570
392,415
332,206
230,877
340,328
504,968
732,102
707,998
635,403
312,889
total liabilities
1,315,385
1,013,073
1,366,304
1,479,866
1,669,967
1,324,721
1,294,155
1,398,844
1,602,788
1,582,384
1,652,211
1,667,847
1,557,132
1,191,040
net assets
288,599
438,995
662,699
1,186,490
1,496,478
1,625,360
1,594,482
1,337,808
1,170,441
1,040,597
1,089,583
1,061,370
950,303
854,704
total shareholders funds
288,599
438,995
662,699
1,186,490
1,496,478
1,625,360
1,594,482
1,337,808
1,170,441
1,040,597
1,089,583
1,061,370
950,303
854,704
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
-147,388
-220,110
-522,953
-303,469
-121,609
43,298
329,436
223,881
168,945
-49,127
36,525
146,024
128,976
1,117,494
Depreciation
116,417
130,575
152,837
177,986
194,114
179,838
200,669
172,557
196,696
205,837
245,163
194,541
200,322
220,905
Amortisation
Tax
-7,243
-60,207
-41,842
-32,461
-8,427
-35,074
-33,554
-312,901
Stock
86,326
63,569
-124,548
37,528
13,586
22,230
-48,639
-3,888
72,191
58,637
90,078
20,878
28,212
191,227
Debtors
65,637
-534,778
-342,696
-444,700
323,927
-106,121
94,663
139,783
101,654
-95,166
-14,677
-9,630
464,825
683,289
Creditors
-123,890
78,462
-6,923
-7,399
50,559
78,083
-58,352
-40,013
-750,557
157,307
-39,740
38,120
43,578
878,151
Accruals and Deferred Income
33,238
-167,842
-70,495
3,265
120,251
-45,580
-51,538
27,269
337,004
Deferred Taxes & Provisions
-20,026
20,026
-10,622
16,838
10,171
-5,209
6,751
-63,165
180,310
Cash flow from operations
-273,586
272,268
39,736
266,933
-94,198
349,125
324,155
200,748
-247,467
287,381
158,120
332,363
-153,715
1,209,443
Investing Activities
capital expenditure
-114,031
-8,623
-11,286
-52,411
-99,672
-311,955
-294,646
-42,337
-140,285
-119,340
-176,242
-411,704
-146,462
-1,388,010
Change in Investments
cash flow from investments
-114,031
-8,623
-11,286
-52,411
-99,672
-311,955
-294,646
-42,337
-140,285
-119,340
-176,242
-411,704
-146,462
-1,388,010
Financing Activities
Bank loans
-80,256
60,861
25,431
-7,858
7,858
Group/Directors Accounts
473,220
-271,174
-14,184
17,511
135,228
87,494
-7,226
-116,648
387,096
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-33,512
-67,417
22,055
-167,845
43,371
91,158
-104,242
-171,391
-163,969
24,104
72,595
322,514
132,579
share issue
-100
100
50,101
interest
-3,008
-3,594
-738
-6,519
-7,273
-5,177
-12,555
-14,672
-6,640
141
115
117
77
10
cash flow from financing
389,956
-247,419
-57,008
33,047
-47,748
133,546
71,377
-235,562
209,065
-163,828
24,219
72,712
322,691
182,690
cash and cash equivalents
cash
2,339
16,226
-28,558
32,658
-26,707
13,218
11,984
-42,252
32,814
4,213
6,097
-6,629
22,514
4,123
overdraft
-214,911
214,911
-157,498
-88,902
34,899
211,501
change in cash
2,339
16,226
-28,558
247,569
-241,618
170,716
100,886
-77,151
-178,687
4,213
6,097
-6,629
22,514
4,123
express circuits limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for express circuits limited. Get real-time insights into express circuits limited's credit score, group structure and payment trends.
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express circuits limited Ownership
EXPRESS CIRCUITS LIMITED group structure
Express Circuits Limited has no subsidiary companies.
The largest shareholders in Express Circuits Limited include Plasyl Ltd and Michael James Hill.
plasyl ltd
100%
michael james hill
0%
express circuits limited directors
Express Circuits Limited currently has 2 directors.
The longest serving directors include
Mr Steven Sylvester (Feb 1994) and
Mr Philip Plant (Aug 2010).
prospect house 1 prospect place, pride park, derby, DE24 8HG
Bank
BARCLAYS BANK PLC
Legal Advisor
-
express circuits 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 10 charges/mortgages relating to express circuits limited. Currently there are 6 open charges and 4 have been satisfied in the past.
express circuits 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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express circuits limitedCompanies House Filings - See Documents
