effective innovations limited

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effective innovations limited Company Information

Share EFFECTIVE INNOVATIONS LIMITED

Company Number

02671903

Shareholders

undisclosed

Group Structure

View All

Industry

Aluminium production

 +1

Registered Address

1, harvington business park, brampton road, eastbourne, east sussex, BN22 9BN

effective innovations limited Estimated Valuation

£801k

Pomanda estimates the enterprise value of EFFECTIVE INNOVATIONS LIMITED at £801k based on a Turnover of £1.7m and 0.47x industry multiple (adjusted for size and gross margin).

effective innovations limited Estimated Valuation

£0

Pomanda estimates the enterprise value of EFFECTIVE INNOVATIONS LIMITED at £0 based on an EBITDA of £-44.5k and a 3.54x industry multiple (adjusted for size and gross margin).

effective innovations limited Estimated Valuation

£304k

Pomanda estimates the enterprise value of EFFECTIVE INNOVATIONS LIMITED at £304k based on Net Assets of £157.1k and 1.94x industry multiple (adjusted for liquidity).

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Effective Innovations Limited Overview

Effective Innovations Limited is a live company located in eastbourne, BN22 9BN with a Companies House number of 02671903. It operates in the aluminium production sector, SIC Code 24420. Founded in December 1991, it's largest shareholder is undisclosed with a 100% stake. Effective Innovations Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Effective Innovations Limited Health Check

Pomanda's financial health check has awarded Effective Innovations Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £1.7m, make it smaller than the average company (£17.9m)

£1.7m - Effective Innovations Limited

£17.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (7.4%)

-25% - Effective Innovations Limited

7.4% - Industry AVG

production

Production

with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)

28.7% - Effective Innovations Limited

28.7% - Industry AVG

profitability

Profitability

an operating margin of -3% make it less profitable than the average company (3.9%)

-3% - Effective Innovations Limited

3.9% - Industry AVG

employees

Employees

with 24 employees, this is below the industry average (56)

24 - Effective Innovations Limited

56 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.4k, the company has an equivalent pay structure (£51.4k)

£51.4k - Effective Innovations Limited

£51.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £70.7k, this is less efficient (£277.6k)

£70.7k - Effective Innovations Limited

£277.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is earlier than average (45 days)

20 days - Effective Innovations Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 7 days, this is quicker than average (40 days)

7 days - Effective Innovations Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 5 days, this is less than average (39 days)

5 days - Effective Innovations Limited

39 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (12 weeks)

23 weeks - Effective Innovations Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.3%, this is a similar level of debt than the average (61.5%)

67.3% - Effective Innovations Limited

61.5% - Industry AVG

EFFECTIVE INNOVATIONS LIMITED financials

EXPORTms excel logo

Effective Innovations Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £157.1 thousand. According to their latest financial statements, Effective Innovations Limited has 24 employees and maintains cash reserves of £104.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,696,0883,428,1074,142,3804,001,7574,879,4593,974,0923,584,8563,819,5363,413,6253,135,7393,005,8652,908,5652,010,0453,515,1200
Other Income Or Grants000000000000000
Cost Of Sales1,209,9092,433,9763,015,3642,916,8023,596,3032,972,2552,636,6412,779,0902,528,4402,403,9772,308,2182,176,8631,498,5472,594,4480
Gross Profit486,178994,1311,127,0161,084,9551,283,1561,001,837948,2141,040,446885,185731,762697,647731,703511,498920,6720
Admin Expenses537,6731,369,6271,149,9271,090,2881,374,178785,220689,5121,386,592871,657654,316604,212656,483545,0191,025,292-858,103
Operating Profit-51,495-375,496-22,911-5,333-91,022216,617258,702-346,14613,52877,44693,43575,220-33,521-104,620858,103
Interest Payable18,56320,90016,3288,38800000000000
Interest Receivable6,6547,8499653982,7712,7731,4945871,0651,1441,219955640798462
Pre-Tax Profit-63,403-388,547-38,274-13,322-88,251219,390260,196-345,55914,59478,59094,65576,175-32,881-103,822858,565
Tax00000-41,684-49,4370-2,919-16,504-21,771-18,28200-240,398
Profit After Tax-63,403-388,547-38,274-13,322-88,251177,706210,759-345,55911,67562,08672,88457,893-32,881-103,822618,167
Dividends Paid000000000000000
Retained Profit-63,403-388,547-38,274-13,322-88,251177,706210,759-345,55911,67562,08672,88457,893-32,881-103,822618,167
Employee Costs1,233,1251,384,2171,516,4831,547,2581,520,7511,318,0921,252,0271,259,236738,524701,137674,728625,248421,877772,5300
Number Of Employees24283234343030311817171611210
EBITDA*-44,496-337,52327,20748,689-42,461270,281310,414-280,67343,346110,036137,214119,064-1,690-71,720885,957

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets21,21886,51899,048102,223148,966102,652110,751117,207115,973132,122129,534145,396186,742131,725158,070
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets21,21886,51899,048102,223148,966102,652110,751117,207115,973132,122129,534145,396186,742131,725158,070
Stock & work in progress18,675127,230128,178112,46695,682102,80063,95699,992108,72198,48069,58891,59982,24497,532101,735
Trade Debtors93,389568,436883,501751,633907,426640,454725,691662,867835,034720,606659,122598,545473,079761,050499,173
Group Debtors64001,40184600000000000
Misc Debtors241,589109,30982,20327,57519,446279,508024,2758,734000000
Cash104,702148,800299,710472,625323,636415,301324,125273,565196,310229,850227,633260,103121,883134,236184,955
misc current assets000000000000000
total current assets458,995953,7751,394,9931,365,1451,346,1901,438,0631,113,7721,060,6991,148,7991,048,936956,343950,247677,206992,818785,863
total assets480,2131,040,2931,494,0411,467,3681,495,1561,540,7151,224,5231,177,9061,264,7721,181,0581,085,8771,095,643863,9481,124,543943,933
Bank overdraft55,00055,00048,44343,05100000000000
Bank loan000000000000000
Trade Creditors 24,014447,166441,989378,667587,126459,799390,818488,465370,383429,082389,622454,275241,879545,108233,016
Group/Directors Accounts25,828100,71725,82725,82749,87526,06126,06167,98181000000
other short term finances000000000000000
hp & lease commitments8,2778,2778,2774,52214,35722,31018,81115,8548,36518,64528,59924,66637,57614,10824,322
other current liabilities120,37541,462125,057121,353155,876251,662175,340197,529148,433000000
total current liabilities233,494652,622649,593573,420807,234759,832611,030769,829527,262447,727418,221478,941279,455559,216257,338
loans82,500137,500199,057231,95000000000000
hp & lease commitments4,88913,16621,66304,52218,87920,83719,1529,95415,39712,98732,53057,49113,78128,016
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions2,20916,48114,65714,65322,73313,08621,44428,38221,55423,60722,42824,81525,53817,20120,412
total long term liabilities89,598167,147235,377246,60327,25531,96542,28147,53431,50839,00435,41557,34583,02930,98248,428
total liabilities323,092819,769884,970820,023834,489791,797653,311817,363558,770486,731453,636536,286362,484590,198305,766
net assets157,121220,524609,071647,345660,667748,918571,212360,543706,002694,327632,241559,357501,464534,345638,167
total shareholders funds157,121220,524609,071647,345660,667748,918571,212360,543706,002694,327632,241559,357501,464534,345638,167
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-51,495-375,496-22,911-5,333-91,022216,617258,702-346,14613,52877,44693,43575,220-33,521-104,620858,103
Depreciation6,99937,97350,11854,02248,56153,66451,71265,47329,81832,59043,77943,84431,83132,90027,854
Amortisation000000000000000
Tax00000-41,684-49,4370-2,919-16,504-21,771-18,28200-240,398
Stock-108,555-94815,71216,784-7,11838,844-36,036-8,72910,24128,892-22,0119,355-15,288-4,203101,735
Debtors-342,127-289,360187,051-146,8186,910194,27138,549-156,626123,16261,48460,577125,466-287,971261,877499,173
Creditors-423,1525,17763,322-208,459127,32768,981-97,647118,082-58,69939,460-64,653212,396-303,229312,092233,016
Accruals and Deferred Income78,913-83,5953,704-34,523-95,78676,322-22,18949,096148,433000000
Deferred Taxes & Provisions-14,2721,8244-8,0809,647-8,358-6,9386,828-2,0531,179-2,387-7238,337-3,21120,412
Cash flow from operations47,675-123,809-108,526-72,339-1,065132,427131,69058,688-5,29543,7959,837177,6346,677-20,513298,079
Investing Activities
capital expenditure58,301-25,443-46,943-7,279-94,875-45,565-45,256-66,707-13,669-35,178-27,917-2,498-86,848-6,555-185,924
Change in Investments000000000000000
cash flow from investments58,301-25,443-46,943-7,279-94,875-45,565-45,256-66,707-13,669-35,178-27,917-2,498-86,848-6,555-185,924
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-74,88974,8900-24,04823,8140-41,92067,90081000000
Other Short Term Loans 000000000000000
Long term loans-55,000-61,557-32,893231,95000000000000
Hire Purchase and Lease Commitments-8,277-8,49725,418-14,357-22,3101,5414,64216,687-15,723-7,544-15,610-37,87167,178-24,44952,338
other long term liabilities000000000000000
share issue000000-9010000000020,000
interest-11,909-13,051-15,363-7,9902,7712,7731,4945871,0651,1441,219955640798462
cash flow from financing-150,075-8,215-22,838185,5554,2754,314-35,87485,274-14,577-6,400-14,391-36,91667,818-23,65172,800
cash and cash equivalents
cash-44,098-150,910-172,915148,989-91,66591,17650,56077,255-33,5402,217-32,470138,220-12,353-50,719184,955
overdraft06,5575,39243,05100000000000
change in cash-44,098-157,467-178,307105,938-91,66591,17650,56077,255-33,5402,217-32,470138,220-12,353-50,719184,955

effective innovations limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Effective Innovations Limited Competitor Analysis

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Perform a competitor analysis for effective innovations limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BN22 area or any other competitors across 12 key performance metrics.

effective innovations limited Ownership

EFFECTIVE INNOVATIONS LIMITED group structure

Effective Innovations Limited has no subsidiary companies.

Ultimate parent company

EFFECTIVE INNOVATIONS LIMITED

02671903

EFFECTIVE INNOVATIONS LIMITED Shareholders

undisclosed 100%

effective innovations limited directors

Effective Innovations Limited currently has 2 directors. The longest serving directors include Mr Neil McKee (Jan 2006) and Mrs Vanessa Mercer (Aug 2016).

officercountryagestartendrole
Mr Neil McKee54 years Jan 2006- Director
Mrs Vanessa MercerUnited Kingdom53 years Aug 2016- Director

P&L

December 2023

turnover

1.7m

-51%

operating profit

-51.5k

0%

gross margin

28.7%

-1.15%

turnover

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

Balance Sheet

December 2023

net assets

157.1k

-0.29%

total assets

480.2k

-0.54%

cash

104.7k

-0.3%

net assets

Total assets minus all liabilities

effective innovations limited company details

company number

02671903

Type

Private limited with Share Capital

industry

24420 - Aluminium production

82990 - Other business support service activities n.e.c.

incorporation date

December 1991

age

34

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

1, harvington business park, brampton road, eastbourne, east sussex, BN22 9BN

Bank

-

Legal Advisor

-

effective innovations 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 did not find charges/mortgages relating to effective innovations limited.

effective innovations limited Capital Raised & Share Issues BETA

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effective innovations limited Companies House Filings - See Documents

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