Blues Electrical Limited

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blues electrical limited Company Information

Live

MatureMidRapid

Company Number

02530384

Website

http://blueselectrical.co.uk

Registered Address

unit q4 capital business park, parkway, cardiff, CF3 2PU

Industry

Electrical installation

Telephone

02920839990

Next Accounts Due

July 2024

Group Structure

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Directors

David Chandler19 Years

Christopher Chandler11 Years

View All

Shareholders

blues holdings limited 100%

blues electrical limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of BLUES ELECTRICAL LIMITED at £3.7m based on a Turnover of £8.6m and 0.43x industry multiple (adjusted for size and gross margin).

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Blues Electrical Limited is a live company located in cardiff, CF3 2PU with a Companies House number of 02530384. It operates in the electrical installation sector, SIC Code 43210. Founded in August 1990, it's largest shareholder is blues holdings limited with a 100% stake. Blues Electrical Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Blues Electrical Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £8.6m, make it larger than the average company (£848.1k)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (4%)

EXPORT

Blues Electrical Limited's latest turnover from October 2022 is estimated at £8.6 million and the company has net assets of £990.3 thousand. According to their latest financial statements, Blues Electrical Limited has 47 employees and maintains cash reserves of £8.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	8,598,375	5,661,755	5,577,203	3,814,459	4,079,444	3,901,025	3,448,200	4,175,050	2,362,265	2,605,277	3,342,571	2,122,412	1,213,102	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,449,439	4,270,792	4,162,726	2,849,616	2,970,008	2,796,828	2,448,391	2,945,573	1,639,805	1,810,856	2,210,897	1,390,111	742,148	0
Gross Profit	2,148,936	1,390,964	1,414,477	964,843	1,109,436	1,104,197	999,809	1,229,476	722,460	794,421	1,131,674	732,301	470,953	0
Admin Expenses	2,094,765	1,204,017	1,376,372	886,552	916,933	934,234	963,128	1,232,649	728,704	842,525	1,083,353	729,934	590,119	-726,980
Operating Profit	54,171	186,947	38,105	78,291	192,503	169,963	36,681	-3,173	-6,244	-48,104	48,321	2,367	-119,166	726,980
Interest Payable	6,269	1,862	337	617	5,504	4,525	0	0	0	0	0	0	0	0
Interest Receivable	916	36	62	1,682	3,095	819	274	387	977	750	79	79	98	98
Pre-Tax Profit	48,819	185,122	37,830	79,357	190,095	166,257	36,955	-2,786	-5,267	-47,354	48,400	2,446	-119,068	727,078
Tax	-9,276	-35,173	-7,188	-15,078	-36,118	-31,589	-7,391	0	0	0	-11,616	-636	0	-203,582
Profit After Tax	39,543	149,949	30,642	64,279	153,977	134,668	29,564	-2,786	-5,267	-47,354	36,784	1,810	-119,068	523,496
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,543	149,949	30,642	64,279	153,977	134,668	29,564	-2,786	-5,267	-47,354	36,784	1,810	-119,068	523,496
Employee Costs	1,846,151	1,909,314	1,744,506	1,703,303	1,668,441	1,316,555	1,161,561	1,130,077	627,948	677,832	933,371	665,755	395,618	0
Number Of Employees	47	49	46	43	41	34	29	28	16	18	25	18	11	0
EBITDA*	54,385	186,947	38,105	78,301	193,502	170,291	38,039	-1,170	-3,442	-42,104	54,804	11,065	-110,543	738,121

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	230,999	230,466	230,466	230,466	230,476	230,575	230,903	232,261	234,264	317,889	319,330	316,490	320,231	324,633
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	53,534	55,820	58,033	0	0	0	0	0	0	0	0	0
Total Fixed Assets	230,999	230,466	284,000	286,286	288,509	230,575	230,903	232,261	234,264	317,889	319,330	316,490	320,231	324,633
Stock & work in progress	18,000	22,000	9,000	11,500	13,000	12,500	16,000	14,500	15,500	16,750	16,650	15,150	16,225	15,000
Trade Debtors	2,144,246	1,473,266	1,290,797	791,829	760,910	776,163	652,405	765,396	449,261	392,165	637,829	397,055	232,920	347,424
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	139,880	134,321	47,392	40,093	89,972	22,169	19,755	7,800	10,098	0	0	0	0	0
Cash	8,798	72,638	0	123,095	325,430	500,000	154,955	63,965	90,767	300,000	0	31,616	0	39,005
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,310,924	1,702,225	1,347,189	966,517	1,189,312	1,310,832	843,115	851,661	565,626	708,915	654,479	443,821	249,145	401,429
total assets	2,541,923	1,932,691	1,631,189	1,252,803	1,477,821	1,541,407	1,074,018	1,083,922	799,890	1,026,804	973,809	760,311	569,376	726,062
Bank overdraft	0	0	11,034	0	18,271	144,797	0	0	0	0	0	0	0	0
Bank loan	28,092	9,247	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,186,886	814,339	676,253	374,863	602,823	640,683	488,465	696,207	409,389	631,036	530,785	354,071	164,946	202,564
Group/Directors Accounts	72,143	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	190,591	117,558	143,057	107,737	150,803	203,980	168,274	0	0	0	0	0	0	0
total current liabilities	1,477,712	941,144	830,344	482,600	771,897	989,460	656,739	696,207	409,389	631,036	530,785	354,071	164,946	202,564
loans	73,874	40,753	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0
total long term liabilities	73,874	40,753	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,551,586	981,897	830,344	482,600	771,897	989,460	656,739	696,207	409,389	631,036	530,785	354,071	164,946	202,564
net assets	990,337	950,794	800,845	770,203	705,924	551,947	417,279	387,715	390,501	395,768	443,024	406,240	404,430	523,498
total shareholders funds	990,337	950,794	800,845	770,203	705,924	551,947	417,279	387,715	390,501	395,768	443,024	406,240	404,430	523,498

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	54,171	186,947	38,105	78,291	192,503	169,963	36,681	-3,173	-6,244	-48,104	48,321	2,367	-119,166	726,980
Depreciation	214	0	0	10	999	328	1,358	2,003	2,802	6,000	6,483	8,698	8,623	11,141
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,276	-35,173	-7,188	-15,078	-36,118	-31,589	-7,391	0	0	0	-11,616	-636	0	-203,582
Stock	-4,000	13,000	-2,500	-1,500	500	-3,500	1,500	-1,000	-1,250	100	1,500	-1,075	1,225	15,000
Debtors	676,539	215,864	503,981	-21,173	110,583	126,172	-101,036	313,837	67,194	-245,664	240,774	164,135	-114,504	347,424
Creditors	372,547	138,086	301,390	-227,960	-37,860	152,218	-207,742	286,818	-221,647	100,251	176,714	189,125	-37,618	202,564
Accruals and Deferred Income	73,033	-25,499	35,320	-43,066	-53,177	35,706	168,274	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-181,850	35,497	-133,854	-185,130	-44,736	203,954	90,716	-27,189	-291,033	303,711	-22,372	36,494	-34,882	374,679
Investing Activities
capital expenditure	-747	0	0	0	-900	0	0	0	80,823	-4,559	-9,323	-4,957	-4,221	-335,774
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-747	0	0	0	-900	0	0	0	80,823	-4,559	-9,323	-4,957	-4,221	-335,774
Financing Activities
Bank loans	18,845	9,247	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	72,143	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	33,121	40,753	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	98	0	0	0	2
interest	-5,353	-1,826	-275	1,065	-2,409	-3,706	274	387	977	750	79	79	98	98
cash flow from financing	118,756	48,174	-275	1,065	-2,409	-3,706	274	387	977	848	79	79	98	100
cash and cash equivalents
cash	-63,840	72,638	-123,095	-202,335	-174,570	345,045	90,990	-26,802	-209,233	300,000	-31,616	31,616	-39,005	39,005
overdraft	0	-11,034	11,034	-18,271	-126,526	144,797	0	0	0	0	0	0	0	0
change in cash	-63,840	83,672	-134,129	-184,064	-48,044	200,248	90,990	-26,802	-209,233	300,000	-31,616	31,616	-39,005	39,005

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLUES ELECTRICAL LIMITED group structure

Blues Electrical Limited has no subsidiary companies.

Ultimate parent company

BLUES ELECTRICAL LIMITED

02530384

BLUES ELECTRICAL LIMITED Shareholders

blues holdings limited

100%

Blues Electrical Limited currently has 3 directors. The longest serving directors include Mr David Chandler (Sep 2004) and Mr Christopher Chandler (Apr 2013).

officer	age	start	end	role
Mr David Chandler	49 years	Sep 2004	-	Director
Mr Christopher Chandler	43 years	Apr 2013	-	Director
Mr Marc Gunter	38 years	Apr 2019	-	Director

P&L

October 2022

turnover

8.6m

+52%

operating profit

54.2k

gross margin

25%

+1.73%

turnover

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

Balance Sheet

October 2022

net assets

990.3k

+0.04%

total assets

2.5m

+0.32%

cash

8.8k

-0.88%

net assets

Total assets minus all liabilities

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company number

02530384

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

August 1990

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

brightneat limited (February 2003)

incorporated

address

unit q4 capital business park, parkway, cardiff, CF3 2PU

last accounts submitted

October 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 2 charges/mortgages relating to blues electrical limited. Currently there are 2 open charges and 0 have been satisfied in the past.

blues electrical limited Company Information

blues electrical limited Estimated Valuation

blues electrical limited Estimated Valuation

blues electrical limited Estimated Valuation

Blues Electrical Limited Overview

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