Mullen Electrical Services Limited

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mullen electrical services limited Company Information

Live

MatureSmallHealthy

Company Number

03057128

Website

mullenelectrical.co.uk

Registered Address

napier road, elm farm industrial estate, bedford, bedfordshire, MK41 0RB

Industry

Electrical installation

Telephone

01234340777

Next Accounts Due

January 2025

Group Structure

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Directors

Patrick Mullen29 Years

Shareholders

mullen holdings ltd 100%

mullen electrical services limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of MULLEN ELECTRICAL SERVICES LIMITED at £2.6m based on Net Assets of £821.8k and 3.21x industry multiple (adjusted for liquidity).

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Mullen Electrical Services Limited is a live company located in bedford, MK41 0RB with a Companies House number of 03057128. It operates in the electrical installation sector, SIC Code 43210. Founded in May 1995, it's largest shareholder is mullen holdings ltd with a 100% stake. Mullen Electrical Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mullen Electrical Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

2 Weak

Size

annual sales of £3.2m, make it larger than the average company (£764.7k)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MULLEN ELECTRICAL SERVICES LIMITED group structure

Mullen Electrical Services Limited has no subsidiary companies.

Ultimate parent company

MULLEN HOLDINGS LIMITED

04853677

1 parent

MULLEN ELECTRICAL SERVICES LIMITED

03057128

MULLEN ELECTRICAL SERVICES LIMITED Shareholders

mullen holdings ltd

100%

Mullen Electrical Services Limited currently has 1 director, Mr Patrick Mullen serving since May 1995.

officer	country	age	start	end	role
Mr Patrick Mullen		57 years	May 1995	-	Director

EXPORT

Mullen Electrical Services Limited's latest turnover from April 2023 is estimated at £3.2 million and the company has net assets of £821.8 thousand. According to their latest financial statements, Mullen Electrical Services Limited has 12 employees and maintains cash reserves of £632.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,214,744	2,498,527	2,364,892	2,114,343	3,346,511	2,933,127	3,011,532	3,626,721	5,031,793	4,112,177	2,306,532	3,750,310	4,194,543	3,149,533
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,408,552	1,869,252	1,783,723	1,581,926	2,440,264	2,108,074	2,159,699	2,555,511	3,516,996	2,859,278	1,562,743	2,491,371	2,600,382	1,900,825
Gross Profit	806,193	629,275	581,169	532,417	906,247	825,052	851,833	1,071,210	1,514,797	1,252,899	743,789	1,258,939	1,594,161	1,248,708
Admin Expenses	1,398,754	686,195	165,081	147,569	821,423	608,541	393,247	1,102,259	1,968,828	798,795	4,097,438	759,123	1,373,614	-3,039,924
Operating Profit	-592,561	-56,920	416,088	384,848	84,824	216,511	458,586	-31,049	-454,031	454,104	-3,353,649	499,816	220,547	4,288,632
Interest Payable	0	0	0	0	0	0	0	0	0	0	2,670	3,555	4,193	3,308
Interest Receivable	39,775	9,709	1,469	1,242	6,001	4,263	2,005	2,308	1,436	635	440	441	230	228
Pre-Tax Profit	-552,786	-47,211	417,557	386,090	90,825	220,774	460,591	-28,741	-452,595	454,739	-3,355,879	496,701	216,584	4,285,551
Tax	0	0	-79,336	-73,357	-17,257	-41,947	-87,512	0	0	-95,495	0	-119,208	-56,312	-1,199,954
Profit After Tax	-552,786	-47,211	338,221	312,733	73,568	178,827	373,079	-28,741	-452,595	359,244	-3,355,879	377,493	160,272	3,085,597
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-552,786	-47,211	338,221	312,733	73,568	178,827	373,079	-28,741	-452,595	359,244	-3,355,879	377,493	160,272	3,085,597
Employee Costs	493,500	549,295	531,926	541,734	566,723	505,540	556,821	557,503	1,318,837	1,074,248	592,657	1,076,739	1,297,441	1,061,332
Number Of Employees	12	14	14	14	14	13	14	14	33	28	16	29	36	29
EBITDA*	-507,932	38,333	506,338	475,085	150,204	255,129	498,874	11,443	-409,162	490,875	-3,318,955	528,318	242,799	4,312,706

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	301,968	217,694	270,692	275,135	270,527	174,200	227,900	250,355	236,799	101,961	105,432	95,168	67,978	44,179
Intangible Assets	4,895	4,895	4,895	4,895	4,895	4,895	4,895	4,895	4,895	4,895	0	0	0	0
Investments & Other	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	443,169	357,400	3,362,652	3,036,580	2,833,552
Total Fixed Assets	306,863	222,589	275,587	280,030	275,422	179,095	232,795	255,250	241,694	550,025	462,832	3,457,820	3,104,558	2,877,731
Stock & work in progress	46,787	43,574	43,940	44,218	46,192	49,798	50,375	43,350	41,320	62,974	41,766	43,751	89,282	33,707
Trade Debtors	716,325	581,689	701,159	332,744	842,162	743,154	732,689	880,199	759,876	654,097	380,654	677,108	748,881	596,719
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	248,497	283,123	86,883	36,477	53,562	643,061	90,371	88,087	0	0	0	0	0	0
Cash	632,776	1,239,004	1,349,953	1,587,377	896,785	703,466	1,001,766	602,329	320,751	253,612	324	175,493	833	91,060
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,644,385	2,147,390	2,181,935	2,000,816	1,838,701	2,139,479	1,875,201	1,613,965	1,121,947	970,683	422,744	896,352	838,996	721,486
total assets	1,951,248	2,369,979	2,457,522	2,280,846	2,114,123	2,318,574	2,107,996	1,869,215	1,363,641	1,520,708	885,576	4,354,172	3,943,554	3,599,217
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	82,151	27,242	101,785
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	521,179	337,957	213,178	405,125	407,144	352,796	343,382	396,410	1,170,825	879,256	0	632,201	663,091	410,984
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	0	0	0
other current liabilities	592,568	652,068	808,814	758,191	905,479	1,247,991	1,234,301	1,306,022	0	0	0	0	0	0
total current liabilities	1,113,747	990,025	1,021,992	1,163,316	1,312,623	1,600,787	1,577,683	1,702,432	1,170,825	879,256	0	714,352	690,333	512,769
loans	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
Accruals and Deferred Income	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	599,205	6,475	0	0
provisions	15,677	5,344	13,709	33,930	30,633	20,488	11,841	21,390	18,682	14,723	18,886	9,981	7,350	849
total long term liabilities	15,677	5,344	13,709	33,930	30,633	20,488	11,841	21,390	18,682	14,723	618,091	16,456	7,350	849
total liabilities	1,129,424	995,369	1,035,701	1,197,246	1,343,256	1,621,275	1,589,524	1,723,822	1,189,507	893,979	618,091	730,808	697,683	513,618
net assets	821,824	1,374,610	1,421,821	1,083,600	770,867	697,299	518,472	145,393	174,134	626,729	267,485	3,623,364	3,245,871	3,085,599
total shareholders funds	821,824	1,374,610	1,421,821	1,083,600	770,867	697,299	518,472	145,393	174,134	626,729	267,485	3,623,364	3,245,871	3,085,599

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-592,561	-56,920	416,088	384,848	84,824	216,511	458,586	-31,049	-454,031	454,104	-3,353,649	499,816	220,547	4,288,632
Depreciation	84,629	95,253	90,250	90,237	65,380	38,618	40,288	42,492	44,869	36,771	34,694	28,502	22,252	24,074
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-79,336	-73,357	-17,257	-41,947	-87,512	0	0	-95,495	0	-119,208	-56,312	-1,199,954
Stock	3,213	-366	-278	-1,974	-3,606	-577	7,025	2,030	-21,654	21,208	-1,985	-45,531	55,575	33,707
Debtors	100,010	76,770	418,821	-526,503	-490,491	563,155	-145,226	208,410	-337,390	359,212	-3,301,706	254,299	355,190	3,430,271
Creditors	183,222	124,779	-191,947	-2,019	54,348	9,414	-53,028	-774,415	291,569	879,256	-632,201	-30,890	252,107	410,984
Accruals and Deferred Income	-59,500	-156,746	50,623	-147,288	-342,512	13,690	-71,721	1,306,022	0	0	0	0	0	0
Deferred Taxes & Provisions	10,333	-8,365	-20,221	3,297	10,145	8,647	-9,549	2,708	3,959	-4,163	8,905	2,631	6,501	849
Cash flow from operations	-477,100	-78,403	-153,086	784,195	349,025	-317,645	415,265	335,318	245,410	890,053	-638,560	172,083	34,330	60,607
Investing Activities
capital expenditure	-168,903	-42,255	-85,807	-94,845	-161,707	15,082	-17,833	-56,048	-179,707	-38,195	-44,958	-55,692	-46,051	-68,253
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-168,903	-42,255	-85,807	-94,845	-161,707	15,082	-17,833	-56,048	-179,707	-38,195	-44,958	-55,692	-46,051	-68,253
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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	-599,205	592,730	6,475	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	39,775	9,709	1,469	1,242	6,001	4,263	2,005	2,308	1,436	635	-2,230	-3,114	-3,963	-3,080
cash flow from financing	39,775	9,709	1,469	1,242	6,001	4,263	2,005	2,308	1,436	-598,570	590,500	3,361	-3,963	-3,078
cash and cash equivalents
cash	-606,228	-110,949	-237,424	690,592	193,319	-298,300	399,437	281,578	67,139	253,288	-175,169	174,660	-90,227	91,060
overdraft	0	0	0	0	0	0	0	0	0	0	-82,151	54,909	-74,543	101,785
change in cash	-606,228	-110,949	-237,424	690,592	193,319	-298,300	399,437	281,578	67,139	253,288	-93,018	119,751	-15,684	-10,725

P&L

April 2023

turnover

3.2m

+29%

operating profit

-592.6k

gross margin

25.1%

-0.43%

turnover

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

Balance Sheet

April 2023

net assets

821.8k

-0.4%

total assets

-0.18%

cash

632.8k

-0.49%

net assets

Total assets minus all liabilities

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company number

03057128

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

May 1995

age

accounts

Total Exemption Full

ultimate parent company

MULLEN HOLDINGS LIMITED

previous names

nationwide electrical wholesalers limited (June 1997)

incorporated

address

napier road, elm farm industrial estate, bedford, bedfordshire, MK41 0RB

last accounts submitted

April 2023

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 mullen electrical services limited. Currently there are 0 open charges and 9 have been satisfied in the past.

mullen electrical services limited Company Information

mullen electrical services limited Estimated Valuation

mullen electrical services limited Estimated Valuation

mullen electrical services limited Estimated Valuation

Mullen Electrical Services Limited AI Business Plan

Mullen Electrical Services Limited Overview

Mullen Electrical Services Limited Health Check

mullen electrical services limited Credit Report and Business Information

Mullen Electrical Services Limited Competitor Analysis

mullen electrical services limited Ownership

mullen electrical services limited directors

MULLEN ELECTRICAL SERVICES LIMITED financials

mullen electrical services limited company details

mullen electrical services limited Charges & Mortgages

mullen electrical services limited Companies House Filings - See Documents