effective innovations limited Company Information
Group Structure
View All
Industry
Aluminium production
+1Registered Address
1, harvington business park, brampton road, eastbourne, east sussex, BN22 9BN
effective innovations limited Estimated Valuation
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
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
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
3 Strong
3 Regular
6 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£17.9m)
- Effective Innovations Limited
£17.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (7.4%)
- Effective Innovations Limited
7.4% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
- Effective Innovations Limited
28.7% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (3.9%)
- Effective Innovations Limited
3.9% - Industry AVG
Employees
with 24 employees, this is below the industry average (56)
24 - Effective Innovations Limited
56 - Industry AVG
Pay Structure
on an average salary of £51.4k, the company has an equivalent pay structure (£51.4k)
- Effective Innovations Limited
£51.4k - Industry AVG
Efficiency
resulting in sales per employee of £70.7k, this is less efficient (£277.6k)
- Effective Innovations Limited
£277.6k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (45 days)
- Effective Innovations Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (40 days)
- Effective Innovations Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (39 days)
- Effective Innovations Limited
39 days - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 24 | 28 | 32 | 34 | 34 | 30 | 30 | 31 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 21,218 | 86,518 | 99,048 | 102,223 | 148,966 | 102,652 | 110,751 | 117,207 | 115,973 | 132,122 | 129,534 | 145,396 | 186,742 | 131,725 | 158,070 |
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 | 21,218 | 86,518 | 99,048 | 102,223 | 148,966 | 102,652 | 110,751 | 117,207 | 115,973 | 132,122 | 129,534 | 145,396 | 186,742 | 131,725 | 158,070 |
Stock & work in progress | 18,675 | 127,230 | 128,178 | 112,466 | 95,682 | 102,800 | 63,956 | 99,992 | 108,721 | 98,480 | 69,588 | 91,599 | 82,244 | 97,532 | 101,735 |
Trade Debtors | 93,389 | 568,436 | 883,501 | 751,633 | 907,426 | 640,454 | 725,691 | 662,867 | 835,034 | 720,606 | 659,122 | 598,545 | 473,079 | 761,050 | 499,173 |
Group Debtors | 640 | 0 | 1,401 | 846 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 241,589 | 109,309 | 82,203 | 27,575 | 19,446 | 279,508 | 0 | 24,275 | 8,734 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 104,702 | 148,800 | 299,710 | 472,625 | 323,636 | 415,301 | 324,125 | 273,565 | 196,310 | 229,850 | 227,633 | 260,103 | 121,883 | 134,236 | 184,955 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 458,995 | 953,775 | 1,394,993 | 1,365,145 | 1,346,190 | 1,438,063 | 1,113,772 | 1,060,699 | 1,148,799 | 1,048,936 | 956,343 | 950,247 | 677,206 | 992,818 | 785,863 |
total assets | 480,213 | 1,040,293 | 1,494,041 | 1,467,368 | 1,495,156 | 1,540,715 | 1,224,523 | 1,177,906 | 1,264,772 | 1,181,058 | 1,085,877 | 1,095,643 | 863,948 | 1,124,543 | 943,933 |
Bank overdraft | 55,000 | 55,000 | 48,443 | 43,051 | 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 | 24,014 | 447,166 | 441,989 | 378,667 | 587,126 | 459,799 | 390,818 | 488,465 | 370,383 | 429,082 | 389,622 | 454,275 | 241,879 | 545,108 | 233,016 |
Group/Directors Accounts | 25,828 | 100,717 | 25,827 | 25,827 | 49,875 | 26,061 | 26,061 | 67,981 | 81 | 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 | 8,277 | 8,277 | 8,277 | 4,522 | 14,357 | 22,310 | 18,811 | 15,854 | 8,365 | 18,645 | 28,599 | 24,666 | 37,576 | 14,108 | 24,322 |
other current liabilities | 120,375 | 41,462 | 125,057 | 121,353 | 155,876 | 251,662 | 175,340 | 197,529 | 148,433 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 233,494 | 652,622 | 649,593 | 573,420 | 807,234 | 759,832 | 611,030 | 769,829 | 527,262 | 447,727 | 418,221 | 478,941 | 279,455 | 559,216 | 257,338 |
loans | 82,500 | 137,500 | 199,057 | 231,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 4,889 | 13,166 | 21,663 | 0 | 4,522 | 18,879 | 20,837 | 19,152 | 9,954 | 15,397 | 12,987 | 32,530 | 57,491 | 13,781 | 28,016 |
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 | 2,209 | 16,481 | 14,657 | 14,653 | 22,733 | 13,086 | 21,444 | 28,382 | 21,554 | 23,607 | 22,428 | 24,815 | 25,538 | 17,201 | 20,412 |
total long term liabilities | 89,598 | 167,147 | 235,377 | 246,603 | 27,255 | 31,965 | 42,281 | 47,534 | 31,508 | 39,004 | 35,415 | 57,345 | 83,029 | 30,982 | 48,428 |
total liabilities | 323,092 | 819,769 | 884,970 | 820,023 | 834,489 | 791,797 | 653,311 | 817,363 | 558,770 | 486,731 | 453,636 | 536,286 | 362,484 | 590,198 | 305,766 |
net assets | 157,121 | 220,524 | 609,071 | 647,345 | 660,667 | 748,918 | 571,212 | 360,543 | 706,002 | 694,327 | 632,241 | 559,357 | 501,464 | 534,345 | 638,167 |
total shareholders funds | 157,121 | 220,524 | 609,071 | 647,345 | 660,667 | 748,918 | 571,212 | 360,543 | 706,002 | 694,327 | 632,241 | 559,357 | 501,464 | 534,345 | 638,167 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 6,999 | 37,973 | 50,118 | 54,022 | 48,561 | 53,664 | 51,712 | 65,473 | 29,818 | 32,590 | 43,779 | 43,844 | 31,831 | 32,900 | 27,854 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | -108,555 | -948 | 15,712 | 16,784 | -7,118 | 38,844 | -36,036 | -8,729 | 10,241 | 28,892 | -22,011 | 9,355 | -15,288 | -4,203 | 101,735 |
Debtors | -342,127 | -289,360 | 187,051 | -146,818 | 6,910 | 194,271 | 38,549 | -156,626 | 123,162 | 61,484 | 60,577 | 125,466 | -287,971 | 261,877 | 499,173 |
Creditors | -423,152 | 5,177 | 63,322 | -208,459 | 127,327 | 68,981 | -97,647 | 118,082 | -58,699 | 39,460 | -64,653 | 212,396 | -303,229 | 312,092 | 233,016 |
Accruals and Deferred Income | 78,913 | -83,595 | 3,704 | -34,523 | -95,786 | 76,322 | -22,189 | 49,096 | 148,433 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -14,272 | 1,824 | 4 | -8,080 | 9,647 | -8,358 | -6,938 | 6,828 | -2,053 | 1,179 | -2,387 | -723 | 8,337 | -3,211 | 20,412 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -74,889 | 74,890 | 0 | -24,048 | 23,814 | 0 | -41,920 | 67,900 | 81 | 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 | -55,000 | -61,557 | -32,893 | 231,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -8,277 | -8,497 | 25,418 | -14,357 | -22,310 | 1,541 | 4,642 | 16,687 | -15,723 | -7,544 | -15,610 | -37,871 | 67,178 | -24,449 | 52,338 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -44,098 | -150,910 | -172,915 | 148,989 | -91,665 | 91,176 | 50,560 | 77,255 | -33,540 | 2,217 | -32,470 | 138,220 | -12,353 | -50,719 | 184,955 |
overdraft | 0 | 6,557 | 5,392 | 43,051 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -44,098 | -157,467 | -178,307 | 105,938 | -91,665 | 91,176 | 50,560 | 77,255 | -33,540 | 2,217 | -32,470 | 138,220 | -12,353 | -50,719 | 184,955 |
effective innovations limited Credit Report and Business Information
Effective Innovations Limited Competitor Analysis
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 directors
Effective Innovations Limited currently has 2 directors. The longest serving directors include Mr Neil McKee (Jan 2006) and Mrs Vanessa Mercer (Aug 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Neil McKee | 54 years | Jan 2006 | - | Director | |
Mrs Vanessa Mercer | United Kingdom | 53 years | Aug 2016 | - | Director |
P&L
December 2023turnover
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 2023net 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
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
date | description | view/download |
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