Eurolec Services Limited

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eurolec services limited Company Information

Live

MatureSmallRapid

Company Number

02548558

Next Accounts

Jul 2025

Industry

Repair of electrical equipment

Directors

Paul Wright

Keith Smith

Shareholders

paul ross wright

keith smith

Group Structure

View All

Contact

Registered Address

wilton road, humberston, grimsby, n e lincolnshire, DN36 4AW

Website

www.eurolecservices.co.uk

eurolec services limited Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of EUROLEC SERVICES LIMITED at £7.5m based on Net Assets of £1.6m and 4.56x industry multiple (adjusted for liquidity).

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Eurolec Services Limited is a live company located in grimsby, DN36 4AW with a Companies House number of 02548558. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in October 1990, it's largest shareholder is paul ross wright with a 85% stake. Eurolec Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Eurolec Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £4m, make it larger than the average company (£1.7m)

Growth

3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (5.1%)

EXPORT

Eurolec Services Limited's latest turnover from October 2023 is estimated at £4 million and the company has net assets of £1.6 million. According to their latest financial statements, Eurolec Services Limited has 23 employees and maintains cash reserves of £555.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	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	3,964,329	2,091,464	1,561,924	1,265,821	2,596,078	2,549,112	2,296,323	1,259,113	2,860,064	2,596,150	4,218,866	2,727,377	4,972,376	2,995,930	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,379,651	1,220,267	937,626	767,584	1,516,447	1,513,690	1,361,801	737,395	1,653,125	1,573,447	2,429,943	1,626,106	2,825,201	1,686,401	0
Gross Profit	1,584,679	871,197	624,298	498,237	1,079,631	1,035,421	934,521	521,718	1,206,939	1,022,703	1,788,923	1,101,271	2,147,175	1,309,528	0
Admin Expenses	1,918,430	1,001,372	1,280,747	802,498	854,392	1,074,922	898,237	-1,572,685	1,249,186	804,077	1,935,566	1,045,887	2,037,307	1,010,928	-1,093,256
Operating Profit	-333,751	-130,175	-656,449	-304,261	225,239	-39,501	36,284	2,094,403	-42,247	218,626	-146,643	55,384	109,868	298,600	1,093,256
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	36,756	22,249	1,503	1,849	12,415	9,432	4,633	4,323	3,957	4,927	4,595	2,690	2,777	2,261	504
Pre-Tax Profit	-296,995	-107,926	-654,946	-302,412	237,654	-30,069	40,917	2,098,726	-38,290	223,553	-142,048	58,074	112,645	300,861	1,093,760
Tax	0	0	0	0	-45,154	0	-7,774	-419,745	0	-46,946	0	-13,938	-29,288	-84,241	-306,253
Profit After Tax	-296,995	-107,926	-654,946	-302,412	192,500	-30,069	33,143	1,678,981	-38,290	176,607	-142,048	44,136	83,357	216,620	787,507
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-296,995	-107,926	-654,946	-302,412	192,500	-30,069	33,143	1,678,981	-38,290	176,607	-142,048	44,136	83,357	216,620	787,507
Employee Costs	1,036,022	865,051	968,388	931,654	1,027,222	1,118,877	730,534	506,204	808,677	822,460	1,064,015	928,176	1,971,416	1,183,959	0
Number Of Employees	23	21	24	25	23	25	22	13	23	23	28	25	54	30	0
EBITDA*	-322,901	-113,757	-634,558	-296,237	246,713	-23,537	36,536	2,106,584	-28,227	237,132	-141,857	61,498	116,275	302,805	1,107,139

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	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	137,224	153,933	170,351	192,242	174,507	185,404	157,528	174,420	149,788	163,808	123,314	128,100	134,214	124,926	119,781
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	137,224	153,933	170,351	192,242	174,507	185,404	157,528	174,420	149,788	163,808	123,314	128,100	134,214	124,926	119,781
Stock & work in progress	438,718	201,947	54,727	57,118	38,778	336,882	65,397	441,454	491,000	325,524	62,566	222,400	103,400	148,040	257,085
Trade Debtors	750,072	421,272	256,018	166,574	517,552	491,141	606,016	146,678	366,626	381,599	667,007	469,133	1,111,953	514,845	512,060
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	446,489	558,752	606,332	651,599	811,254	653,103	1,115,065	565,555	0	0	0	0	0	0	0
Cash	555,637	844,574	1,133,090	1,872,836	1,825,287	1,485,395	1,029,675	2,676,567	781,647	801,065	1,169,760	668,130	407,794	702,840	201,618
misc current assets	0	0	0	0	0	0	43,093	0	0	0	0	0	0	0	0
total current assets	2,190,916	2,026,545	2,050,167	2,748,127	3,192,871	2,966,521	2,859,246	3,830,254	1,639,273	1,508,188	1,899,333	1,359,663	1,623,147	1,365,725	970,763
total assets	2,328,140	2,180,478	2,220,518	2,940,369	3,367,378	3,151,925	3,016,774	4,004,674	1,789,061	1,671,996	2,022,647	1,487,763	1,757,361	1,490,651	1,090,544
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	631,902	185,523	105,728	146,525	189,225	222,419	93,696	185,851	660,172	505,437	1,032,695	355,453	669,187	485,834	302,347
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	55,073	56,795	68,704	92,812	174,709	118,562	82,065	994,607	0	0	0	0	0	0	0
total current liabilities	686,975	242,318	174,432	239,337	363,934	340,981	175,761	1,180,458	660,172	505,437	1,032,695	355,453	669,187	485,834	302,347
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	16,346	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	16,346	0	0	0	0	0	0	0
total liabilities	686,975	242,318	174,432	239,337	363,934	340,981	175,761	1,196,804	660,172	505,437	1,032,695	355,453	669,187	485,834	302,347
net assets	1,641,165	1,938,160	2,046,086	2,701,032	3,003,444	2,810,944	2,841,013	2,807,870	1,128,889	1,166,559	989,952	1,132,310	1,088,174	1,004,817	788,197
total shareholders funds	1,641,165	1,938,160	2,046,086	2,701,032	3,003,444	2,810,944	2,841,013	2,807,870	1,128,889	1,166,559	989,952	1,132,310	1,088,174	1,004,817	788,197

	Oct 2023	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	-333,751	-130,175	-656,449	-304,261	225,239	-39,501	36,284	2,094,403	-42,247	218,626	-146,643	55,384	109,868	298,600	1,093,256
Depreciation	10,850	16,418	21,891	8,024	21,474	15,964	252	12,181	14,020	18,506	4,786	6,114	6,407	4,205	13,883
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-45,154	0	-7,774	-419,745	0	-46,946	0	-13,938	-29,288	-84,241	-306,253
Stock	236,771	147,220	-2,391	18,340	-298,104	271,485	-376,057	-49,546	165,476	262,958	-159,834	119,000	-44,640	-109,045	257,085
Debtors	216,537	117,674	44,177	-510,633	184,562	-576,837	1,008,848	345,607	-14,973	-285,408	197,874	-642,820	597,108	2,785	512,060
Creditors	446,379	79,795	-40,797	-42,700	-33,194	128,723	-92,155	-474,321	154,735	-527,258	677,242	-313,734	183,353	183,487	302,347
Accruals and Deferred Income	-1,722	-11,909	-24,108	-81,897	56,147	36,497	-912,542	994,607	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-16,346	16,346	0	0	0	0	0	0	0
Cash flow from operations	-331,552	-310,765	-741,249	71,459	338,054	447,035	-1,625,072	1,927,410	-23,995	-314,622	497,345	257,646	-282,128	508,311	334,088
Investing Activities
capital expenditure	5,859	0	0	-25,759	-10,577	-43,840	16,640	-36,813	0	-59,000	0	0	-15,695	-9,350	-133,664
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5,859	0	0	-25,759	-10,577	-43,840	16,640	-36,813	0	-59,000	0	0	-15,695	-9,350	-133,664
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	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	0
Long term loans	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	620	0	-310	0	0	0	690
interest	36,756	22,249	1,503	1,849	12,415	9,432	4,633	4,323	3,957	4,927	4,595	2,690	2,777	2,261	504
cash flow from financing	36,756	22,249	1,503	1,849	12,415	9,432	4,633	4,323	4,577	4,927	4,285	2,690	2,777	2,261	1,194
cash and cash equivalents
cash	-288,937	-288,516	-739,746	47,549	339,892	455,720	-1,646,892	1,894,920	-19,418	-368,695	501,630	260,336	-295,046	501,222	201,618
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-288,937	-288,516	-739,746	47,549	339,892	455,720	-1,646,892	1,894,920	-19,418	-368,695	501,630	260,336	-295,046	501,222	201,618

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EUROLEC SERVICES LIMITED group structure

Eurolec Services Limited has no subsidiary companies.

Ultimate parent company

EUROLEC SERVICES LIMITED

02548558

EUROLEC SERVICES LIMITED Shareholders

paul ross wright	85%
keith smith	15%

Eurolec Services Limited currently has 2 directors. The longest serving directors include Mr Paul Wright (Oct 1992) and Mr Keith Smith (Dec 2006).

officer	country	age	start	end	role
Mr Paul Wright	United Kingdom	78 years	Oct 1992	-	Director
Mr Keith Smith	United Kingdom	56 years	Dec 2006	-	Director

P&L

October 2023

turnover

+90%

operating profit

-333.8k

gross margin

40%

-4.04%

turnover

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

Balance Sheet

October 2023

net assets

1.6m

-0.15%

total assets

2.3m

+0.07%

cash

555.6k

-0.34%

net assets

Total assets minus all liabilities

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company number

02548558

Type

Private limited with Share Capital

industry

33140 - Repair of electrical equipment

incorporation date

October 1990

ultimate parent company

None

previous names

joustmatch limited (November 1990)

address

wilton road, humberston, grimsby, n e lincolnshire, DN36 4AW

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 eurolec services limited. Currently there are 2 open charges and 0 have been satisfied in the past.

eurolec services limited Company Information

eurolec services limited Estimated Valuation

eurolec services limited Estimated Valuation

eurolec services limited Estimated Valuation

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EUROLEC SERVICES LIMITED financials

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