project electronics limited

project electronics limited Company Information

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Company Number

02882082

Industry

Specialised design activities

 

Shareholders

meryck lloyd willeard

Group Structure

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Contact

Registered Address

project house, slade green road, erith, kent, DA8 2HX

project electronics limited Estimated Valuation

£70.9k

Pomanda estimates the enterprise value of PROJECT ELECTRONICS LIMITED at £70.9k based on a Turnover of £169k and 0.42x industry multiple (adjusted for size and gross margin).

project electronics limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PROJECT ELECTRONICS LIMITED at £0 based on an EBITDA of £-2.1k and a 3.53x industry multiple (adjusted for size and gross margin).

project electronics limited Estimated Valuation

£301.9k

Pomanda estimates the enterprise value of PROJECT ELECTRONICS LIMITED at £301.9k based on Net Assets of £150.4k and 2.01x industry multiple (adjusted for liquidity).

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Project Electronics Limited Overview

Project Electronics Limited is a live company located in erith, DA8 2HX with a Companies House number of 02882082. It operates in the specialised design activities sector, SIC Code 74100. Founded in December 1993, it's largest shareholder is meryck lloyd willeard with a 100% stake. Project Electronics Limited is a mature, micro sized company, Pomanda has estimated its turnover at £169k with declining growth in recent years.

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Project Electronics Limited Health Check

Pomanda's financial health check has awarded Project Electronics Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

6 Weak

size

Size

annual sales of £169k, make it in line with the average company (£180.5k)

£169k - Project Electronics Limited

£180.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (7.4%)

-12% - Project Electronics Limited

7.4% - Industry AVG

production

Production

with a gross margin of 49.6%, this company has a comparable cost of product (49.6%)

49.6% - Project Electronics Limited

49.6% - Industry AVG

profitability

Profitability

an operating margin of -1.8% make it less profitable than the average company (9.1%)

-1.8% - Project Electronics Limited

9.1% - Industry AVG

employees

Employees

with 3 employees, this is similar to the industry average (3)

3 - Project Electronics Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)

£32.3k - Project Electronics Limited

£32.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £56.3k, this is less efficient (£101.1k)

£56.3k - Project Electronics Limited

£101.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Project Electronics Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (44 days)

8 days - Project Electronics Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (50 days)

4 days - Project Electronics Limited

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (31 weeks)

1 weeks - Project Electronics Limited

31 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.8%, this is a higher level of debt than the average (54.5%)

68.8% - Project Electronics Limited

54.5% - Industry AVG

PROJECT ELECTRONICS LIMITED financials

EXPORTms excel logo

Project Electronics Limited's latest turnover from May 2023 is estimated at £169 thousand and the company has net assets of £150.4 thousand. According to their latest financial statements, Project Electronics Limited has 3 employees and maintains cash reserves of £7.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover168,970150,596119,838247,297263,210181,732178,563166,4751,119,791993,949977,9831,054,4181,018,806855,868
Other Income Or Grants00000000000000
Cost Of Sales85,11061,41957,439111,189111,22476,81470,42467,618472,668352,056354,786426,706429,137319,765
Gross Profit83,86089,17762,399136,109151,987104,918108,13998,857647,123641,893623,197627,712589,669536,104
Admin Expenses86,97429,51965,486106,769190,040130,409163,783143,430698,946710,865675,522588,615620,034925,532
Operating Profit-3,11459,658-3,08729,340-38,053-25,491-55,644-44,573-51,823-68,972-52,32539,097-30,365-389,428
Interest Payable00305367691311260000000
Interest Receivable31253119171128544103929
Pre-Tax Profit-2,80259,711-3,38128,981-38,105-25,611-55,768-44,565-51,818-68,968-52,32239,107-30,326-389,399
Tax0-11,3450-5,5060000000-9,38600
Profit After Tax-2,80248,366-3,38123,475-38,105-25,611-55,768-44,565-51,818-68,968-52,32229,721-30,326-389,399
Dividends Paid00000000000000
Retained Profit-2,80248,366-3,38123,475-38,105-25,611-55,768-44,565-51,818-68,968-52,32229,721-30,326-389,399
Employee Costs96,774163,105152,705138,890198,543265,283204,624196,673417,112354,776325,296379,081355,379298,217
Number Of Employees355556551199101110
EBITDA*-2,07660,342-2,17730,574-37,371-24,762-9,1841,908-5,378-22,278-5,29640,800-28,170-386,613

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets3,0892,0232,7073,6172,0192,1772,2972,3722,2563,0104,0135,1076,3447,843
Intangible Assets28,64028,64028,64028,64027,65027,650045,69291,383137,074182,765228,456228,456228,456
Investments & Other166,710180,105206,937199,919211,131206,922241,761253,731262,774241,168238,200128,135136,818154,681
Debtors (Due After 1 year)00000000000000
Total Fixed Assets198,439210,768238,284232,176240,800236,749244,058301,795356,413381,252424,978361,698371,618390,980
Stock & work in progress1,0001,0003,7835,1835,00010,00010,00010,00010,00024,00024,00023,0570763
Trade Debtors011,1433,147003,64912,8438,651174,399161,224155,643139,365132,043121,543
Group Debtors00000000000000
Misc Debtors274,622273,495204,365200,841177,633177,586175,104185,051000000
Cash7,6946,1544,53117,180324,450351,3031,9271811,2871133,69511,759
misc current assets00000000000000
total current assets283,316291,792215,826223,204182,665195,685197,982205,005186,326185,405180,930162,535135,738134,065
total assets481,755502,560454,110455,380423,465432,434442,040506,800542,739566,657605,908524,233507,356525,045
Bank overdraft00010,0002,04904,0350000000
Bank loan00000000000000
Trade Creditors 1,8751,6564,9281,1352,6173,7952,022510245,685239,391212,642373,237386,081373,444
Group/Directors Accounts100100100100100100100100000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities329,364334,191307,516306,216300,604284,614244,443262,744000000
total current liabilities331,339335,947312,544317,451305,370288,509250,600263,354245,685239,391212,642373,237386,081373,444
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities00000000000000
total liabilities331,339335,947312,544317,451305,370288,509250,600263,354245,685239,391212,642373,237386,081373,444
net assets150,416166,613141,566137,929118,095143,925191,440243,446297,054327,266393,266150,996121,275151,601
total shareholders funds150,416166,613141,566137,929118,095143,925191,440243,446297,054327,266393,266150,996121,275151,601
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit-3,11459,658-3,08729,340-38,053-25,491-55,644-44,573-51,823-68,972-52,32539,097-30,365-389,428
Depreciation1,0386849101,2346827297687907541,0031,3381,7032,1952,815
Amortisation00000045,69245,69145,69145,69145,691000
Tax0-11,3450-5,5060000000-9,38600
Stock0-2,783-1,400183-5,000000-14,000094323,057-763763
Debtors-10,01677,1266,67123,208-3,602-6,712-5,75519,30313,1755,58116,2787,32210,500121,543
Creditors219-3,2723,793-1,482-1,1781,7731,512-245,1756,29426,749-160,595-12,84412,637373,444
Accruals and Deferred Income-4,82726,6751,3005,61215,99040,171-18,301262,744000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations3,332-1,943-2,3555,807-13,95723,894-20,2181741,741-1,110-183,112-11,809-25,270-135,475
Investing Activities
capital expenditure-2,10400-3,822-524-28,259-693-90600-244-466-696-239,114
Change in Investments-13,395-26,8327,018-11,2124,209-34,839-11,970-9,04321,6062,968110,065-8,683-17,863154,681
cash flow from investments11,29126,832-7,0187,390-4,7336,58011,2778,137-21,606-2,968-110,3098,21717,167-393,795
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000000100000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-13,395-23,3197,018-3,64112,275-21,9043,762-9,04321,6062,968294,59200541,000
interest31253-294-358-52-120-1248544103929
cash flow from financing-13,083-23,2666,724-3,99912,223-22,0243,638-8,93521,6112,972294,5961039541,029
cash and cash equivalents
cash1,5401,623-12,64917,148-4,4184,415-1,268-6241,746-1,1061,174-3,582-8,06411,759
overdraft00-10,0007,9512,049-4,0354,0350000000
change in cash1,5401,623-2,6499,197-6,4678,450-5,303-6241,746-1,1061,174-3,582-8,06411,759

project electronics 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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Project Electronics Limited Competitor Analysis

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Perform a competitor analysis for project electronics limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in DA8 area or any other competitors across 12 key performance metrics.

project electronics limited Ownership

PROJECT ELECTRONICS LIMITED group structure

Project Electronics Limited has 1 subsidiary company.

Ultimate parent company

PROJECT ELECTRONICS LIMITED

02882082

1 subsidiary

PROJECT ELECTRONICS LIMITED Shareholders

meryck lloyd willeard 100%

project electronics limited directors

Project Electronics Limited currently has 1 director, Mr Meryck Willeard serving since Dec 1993.

officercountryagestartendrole
Mr Meryck Willeard74 years Dec 1993- Director

P&L

May 2023

turnover

169k

+12%

operating profit

-3.1k

0%

gross margin

49.7%

-16.19%

turnover

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

Balance Sheet

May 2023

net assets

150.4k

-0.1%

total assets

481.8k

-0.04%

cash

7.7k

+0.25%

net assets

Total assets minus all liabilities

project electronics limited company details

company number

02882082

Type

Private limited with Share Capital

industry

74100 - Specialised design activities

incorporation date

December 1993

age

32

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2023

previous names

N/A

accountant

THE CARLEY PARTNERSHIP

auditor

-

address

project house, slade green road, erith, kent, DA8 2HX

Bank

BANK OF SCOTLAND

Legal Advisor

-

project electronics 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 project electronics limited.

project electronics limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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project electronics limited Companies House Filings - See Documents

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