Andel Limited

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andel limited Company Information

Live

MatureMidLow

Company Number

02722655

Next Accounts

Dec 2024

Industry

Manufacture of electronic components

Directors

Mark Harris

Marshall Booth

View All

Shareholders

andel holdings ltd

Group Structure

View All

Contact

Registered Address

bank chambers, market street, huddersfield, west yorkshire, HD1 2EW

Website

www.andel.co.uk

andel limited Estimated Valuation

£7.8m

Pomanda estimates the enterprise value of ANDEL LIMITED at £7.8m based on a Turnover of £7.6m and 1.03x industry multiple (adjusted for size and gross margin).

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Andel Limited is a live company located in huddersfield, HD1 2EW with a Companies House number of 02722655. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in June 1992, it's largest shareholder is andel holdings ltd with a 100% stake. Andel Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.6m with low growth in recent years.

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Pomanda's financial health check has awarded Andel Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £7.6m, make it smaller than the average company (£19.1m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.4%)

EXPORT

Andel Limited's latest turnover from March 2023 is estimated at £7.6 million and the company has net assets of £1.9 million. According to their latest financial statements, Andel Limited has 78 employees and maintains cash reserves of £376.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	7,572,265	6,755,216	5,740,061	7,027,111	5,899,854	5,725,545	5,584,310	3,902,564	5,858,604	5,712,339	4,476,150	2,286,725	2,414,905	4,197,649
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,283,838	4,695,942	4,101,290	4,915,462	4,128,105	4,014,066	3,855,156	2,753,150	4,147,607	4,033,570	3,134,575	968,243	1,056,048	2,181,060
Gross Profit	2,288,427	2,059,274	1,638,771	2,111,648	1,771,749	1,711,480	1,729,155	1,149,414	1,710,997	1,678,769	1,341,575	1,318,482	1,358,857	2,016,589
Admin Expenses	1,907,289	1,563,007	1,224,341	1,871,242	1,697,872	1,489,339	1,600,155	1,061,710	1,625,965	1,582,963	1,304,677	1,267,685	1,341,955	2,453,462
Operating Profit	381,138	496,267	414,430	240,406	73,877	222,141	129,000	87,704	85,032	95,806	36,898	50,797	16,902	-436,873
Interest Payable	23,915	21,779	15,242	10,181	13,071	12,537	13,331	10,241	6,272	3,564	10,121	5,964	11,591	53,974
Interest Receivable	8,475	1,328	185	108	726	194	164	336	342	187	32	17,893	13,614	213
Pre-Tax Profit	365,699	475,816	399,373	230,333	61,532	209,798	115,833	77,799	79,101	92,430	26,809	62,726	18,925	-490,454
Tax	-69,483	-90,405	-75,881	-43,763	-11,691	-39,862	-23,166	-15,560	-16,611	-21,259	-6,434	18,000	1,370	125,948
Profit After Tax	296,216	385,411	323,492	186,570	49,841	169,936	92,666	62,239	62,490	71,171	20,375	80,726	20,295	-364,506
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	296,216	385,411	323,492	186,570	49,841	169,936	92,666	62,239	62,490	71,171	20,375	80,726	20,295	-364,506
Employee Costs	3,476,270	2,817,119	2,689,658	3,137,613	2,337,710	2,112,301	2,103,814	2,033,016	1,691,317	1,594,679	1,235,968	636,444	653,434	1,192,415
Number Of Employees	78	66	64	74	58	54	53	52	43	43	35	18	19	36
EBITDA*	519,691	628,302	472,680	288,983	111,814	264,270	154,511	115,215	119,983	134,095	74,045	111,348	74,998	-337,164

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	712,746	833,059	892,594	617,580	339,824	417,799	153,722	176,648	199,043	165,017	189,879	220,515	222,685	256,173
Intangible Assets	0	0	0	0	0	2,181	7,414	12,647	17,880	23,113	118,125	123,750	131,250	138,750
Investments & Other	4,327	4,327	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
Total Fixed Assets	717,073	837,386	892,594	617,580	339,824	419,980	161,136	189,295	216,923	188,130	308,004	344,265	353,935	394,923
Stock & work in progress	270,299	415,095	305,008	306,661	238,091	180,239	159,114	109,267	142,574	140,100	175,570	170,148	139,828	117,380
Trade Debtors	1,429,368	1,396,954	1,087,150	1,464,576	1,298,774	1,342,980	1,327,287	666,229	1,257,109	1,203,727	802,911	465,975	468,805	466,695
Group Debtors	782,592	680,039	619,835	615,095	604,095	592,095	589,095	589,095	0	0	0	46,461	45,682	200,836
Misc Debtors	954,284	569,081	449,720	424,648	374,256	316,973	189,045	148,203	0	0	0	263,066	221,444	10,125
Cash	376,597	22,249	331,888	37,757	178,871	14,643	63,075	67,922	66,331	70,267	4,713	8,025	20,498	3,958
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,813,140	3,083,418	2,793,601	2,848,737	2,694,087	2,446,930	2,327,616	1,580,716	1,466,014	1,414,094	983,194	953,675	896,257	798,994
total assets	4,530,213	3,920,804	3,686,195	3,466,317	3,033,911	2,866,910	2,488,752	1,770,011	1,682,937	1,602,224	1,291,198	1,297,940	1,250,192	1,193,917
Bank overdraft	51,463	80,988	76,571	0	0	71,426	37,370	36,898	0	0	0	311,413	339,838	329,811
Bank loan	0	0	0	42,667	58,726	0	0	0	0	0	0	0	0	0
Trade Creditors	589,210	414,230	402,361	340,724	510,778	576,285	452,687	341,274	1,067,331	1,092,591	1,036,663	369,786	388,555	396,626
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	33,210	44,743	47,459
other current liabilities	1,371,774	1,273,518	1,190,120	1,523,851	1,223,260	1,215,313	1,359,327	771,336	0	0	0	377,447	361,602	221,442
total current liabilities	2,012,447	1,768,736	1,669,052	1,907,242	1,792,764	1,863,024	1,849,384	1,149,508	1,067,331	1,092,591	1,036,663	1,091,856	1,134,738	995,338
loans	132,126	202,056	285,693	94,807	137,608	119,529	157,439	194,887	83,334	109,649	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	35,220	25,316	53,795
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	500,603	361,191	528,040	584,350	410,191	240,850	8,358	44,711	213,606	143,808	100,835	37,539	37,539	92,525
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	19,955
total long term liabilities	632,729	563,247	813,733	679,157	547,799	360,379	165,797	239,598	296,940	253,457	100,835	72,759	62,855	166,275
total liabilities	2,645,176	2,331,983	2,482,785	2,586,399	2,340,563	2,223,403	2,015,181	1,389,106	1,364,271	1,346,048	1,137,498	1,164,615	1,197,593	1,161,613
net assets	1,885,037	1,588,821	1,203,410	879,918	693,348	643,507	473,571	380,905	318,666	256,176	153,700	133,325	52,599	32,304
total shareholders funds	1,885,037	1,588,821	1,203,410	879,918	693,348	643,507	473,571	380,905	318,666	256,176	153,700	133,325	52,599	32,304

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	381,138	496,267	414,430	240,406	73,877	222,141	129,000	87,704	85,032	95,806	36,898	50,797	16,902	-436,873
Depreciation	138,553	132,035	58,250	48,577	37,937	36,896	20,278	22,278	29,718	35,236	31,522	53,051	50,596	88,459
Amortisation	0	0	0	0	0	5,233	5,233	5,233	5,233	3,053	5,625	7,500	7,500	11,250
Tax	-69,483	-90,405	-75,881	-43,763	-11,691	-39,862	-23,166	-15,560	-16,611	-21,259	-6,434	18,000	1,370	125,948
Stock	-144,796	110,087	-1,653	68,570	57,852	21,125	49,847	-33,307	2,474	-35,470	5,422	30,320	22,448	117,380
Debtors	520,170	489,369	-347,614	227,194	25,077	146,621	701,900	146,418	53,382	400,816	27,409	39,571	58,275	677,656
Creditors	174,980	11,869	61,637	-170,054	-65,507	123,598	111,413	-726,057	-25,260	55,928	666,877	-18,769	-8,071	396,626
Accruals and Deferred Income	98,256	83,398	-333,731	300,591	7,947	-144,014	587,991	771,336	0	0	-377,447	15,845	140,160	221,442
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-19,955	19,955
Cash flow from operations	348,070	33,708	473,972	79,993	-40,366	36,246	79,002	31,823	22,256	-196,582	324,210	56,533	107,779	-368,229
Investing Activities
capital expenditure	-18,240	-72,500	-333,264	-326,333	42,219	-300,973	2,648	117	-63,744	81,585	-886	-50,881	-17,108	-494,632
Change in Investments	0	4,327	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-18,240	-76,827	-333,264	-326,333	42,219	-300,973	2,648	117	-63,744	81,585	-886	-50,881	-17,108	-494,632
Financing Activities
Bank loans	0	0	-42,667	-16,059	58,726	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-69,930	-83,637	190,886	-42,801	18,079	-37,910	-37,448	111,553	-26,315	109,649	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	-68,430	-1,629	-31,195	101,254
other long term liabilities	139,412	-166,849	-56,310	174,159	169,341	232,492	-36,353	-168,895	69,798	42,973	63,296	0	-54,986	92,525
share issue	0	0	0	0	0	0	0	0	0	31,305	0	0	0	396,810
interest	-15,440	-20,451	-15,057	-10,073	-12,345	-12,343	-13,167	-9,905	-5,930	-3,377	-10,089	11,929	2,023	-53,761
cash flow from financing	54,042	-270,937	76,852	105,226	233,801	182,239	-86,968	-67,247	37,553	180,550	-15,223	10,300	-84,158	536,828
cash and cash equivalents
cash	354,348	-309,639	294,131	-141,114	164,228	-48,432	-4,847	1,591	-3,936	65,554	-3,312	-12,473	16,540	3,958
overdraft	-29,525	4,417	76,571	0	-71,426	34,056	472	36,898	0	0	-311,413	-28,425	10,027	329,811
change in cash	383,873	-314,056	217,560	-141,114	235,654	-82,488	-5,319	-35,307	-3,936	65,554	308,101	15,952	6,513	-325,853

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ANDEL LIMITED group structure

Andel Limited has no subsidiary companies.

Ultimate parent company

ANDEL HOLDINGS LIMITED

14571580

WATER LEAK DETECTION LIMITED

03581066

2 parents

ANDEL LIMITED

02722655

ANDEL LIMITED Shareholders

andel holdings ltd

100%

Andel Limited currently has 7 directors. The longest serving directors include Mr Mark Harris (Jun 2001) and Mr Marshall Booth (Jun 2013).

officer	country	age	start	end	role
Mr Mark Harris		69 years	Jun 2001	-	Director
Mr Marshall Booth		58 years	Jun 2013	-	Director
Mr Peter Double	United Kingdom	47 years	Jun 2017	-	Director
Mr Aaron Brian		46 years	Apr 2021	-	Director
Mrs Shelley Stringer		58 years	Apr 2021	-	Director
Mr Willem Lewis		43 years	Apr 2021	-	Director
Mr Antony Ward		61 years	Aug 2022	-	Director

P&L

March 2023

turnover

7.6m

+12%

operating profit

381.1k

gross margin

30.3%

-0.86%

turnover

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

Balance Sheet

March 2023

net assets

1.9m

+0.19%

total assets

4.5m

+0.16%

cash

376.6k

+15.93%

net assets

Total assets minus all liabilities

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company number

02722655

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

June 1992

ultimate parent company

ANDEL HOLDINGS LIMITED

previous names

N/A

address

bank chambers, market street, huddersfield, west yorkshire, HD1 2EW

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 9 charges/mortgages relating to andel limited. Currently there are 4 open charges and 5 have been satisfied in the past.

andel limited Company Information

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andel limited Estimated Valuation

andel limited Estimated Valuation

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