ipec limited Company Information
Company Number
03123703
Website
www.ipec.co.ukRegistered Address
c/o djh mitten clarke, st george's house, manchester, M2 3NQ
Industry
Manufacture of electricity distribution and control apparatus
Telephone
01612260045
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
colin duncan smith 65%
koen tavernier 8.6%
View Allipec limited Estimated Valuation
Pomanda estimates the enterprise value of IPEC LIMITED at £1.7m based on a Turnover of £2.2m and 0.79x industry multiple (adjusted for size and gross margin).
ipec limited Estimated Valuation
Pomanda estimates the enterprise value of IPEC LIMITED at £1.2m based on an EBITDA of £235.1k and a 4.95x industry multiple (adjusted for size and gross margin).
ipec limited Estimated Valuation
Pomanda estimates the enterprise value of IPEC LIMITED at £5.9m based on Net Assets of £2.3m and 2.61x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ipec Limited Overview
Ipec Limited is a live company located in manchester, M2 3NQ with a Companies House number of 03123703. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in November 1995, it's largest shareholder is colin duncan smith with a 65% stake. Ipec Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.
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Ipec Limited Health Check
Pomanda's financial health check has awarded Ipec Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
3 Strong
![positive_score](/assets/images/scoreRate1.png)
4 Regular
![positive_score](/assets/images/scoreRate0.png)
5 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £2.2m, make it smaller than the average company (£18.5m)
- Ipec Limited
£18.5m - Industry AVG
![growth](/assets/images/scoreRate1.png)
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.5%)
- Ipec Limited
5.5% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)
- Ipec Limited
24.6% - Industry AVG
![profitability](/assets/images/scoreRate1.png)
Profitability
an operating margin of 3.2% make it as profitable than the average company (2.8%)
- Ipec Limited
2.8% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 33 employees, this is below the industry average (89)
33 - Ipec Limited
89 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)
- Ipec Limited
£44.7k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £65.4k, this is less efficient (£169.9k)
- Ipec Limited
£169.9k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (72 days)
- Ipec Limited
72 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (55 days)
- Ipec Limited
55 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 127 days, this is more than average (77 days)
- Ipec Limited
77 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 33 weeks, this is more cash available to meet short term requirements (9 weeks)
33 weeks - Ipec Limited
9 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 25.6%, this is a lower level of debt than the average (57%)
25.6% - Ipec Limited
57% - Industry AVG
IPEC LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Ipec Limited's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £2.3 million. According to their latest financial statements, Ipec Limited has 33 employees and maintains cash reserves of £209.2 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 | 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 | 33 | 29 | 27 | 25 | 26 | 23 | 23 | 20 | ||||||
EBITDA* |
* 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 709,223 | 717,207 | 649,620 | 54,125 | 67,086 | 71,166 | 57,916 | 56,896 | 58,011 | 21,761 | 22,279 | 22,013 | 8,634 | 11,967 |
Intangible Assets | 645,857 | 592,328 | 639,110 | 376,846 | 171,991 | 19,745 | 25,163 | 35,098 | 18,642 | 7,226 | 10,839 | 16,259 | 24,388 | 25,314 |
Investments & Other | 49,801 | 59,542 | 0 | 0 | 0 | 0 | 0 | 35,000 | 70,000 | 70,000 | 70,000 | 70,000 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,404,881 | 1,369,077 | 1,288,730 | 430,971 | 239,077 | 90,911 | 83,079 | 126,994 | 146,653 | 98,987 | 103,118 | 108,272 | 33,022 | 37,281 |
Stock & work in progress | 570,196 | 631,669 | 1,130,105 | 342,982 | 322,528 | 294,607 | 204,445 | 280,740 | 207,792 | 70,180 | 132,266 | 114,460 | 71,937 | 78,491 |
Trade Debtors | 69,118 | 932,510 | 858,130 | 288,239 | 258,988 | 395,733 | 726,187 | 493,024 | 412,541 | 342,741 | 132,728 | 148,449 | 307,438 | 163,057 |
Group Debtors | 609,033 | 232,089 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 198,067 | 190,980 | 433,626 | 461,795 | 322,671 | 216,150 | 117,610 | 80,322 | 840 | 0 | 0 | 0 | 0 | 0 |
Cash | 209,206 | 256,056 | 260,166 | 76,635 | 5,863 | 347,863 | 53,661 | 140,154 | 67,083 | 115 | 196 | 147 | 152 | 312 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,655,620 | 2,243,304 | 2,682,027 | 1,169,651 | 910,050 | 1,254,353 | 1,101,903 | 994,240 | 688,256 | 413,036 | 265,190 | 263,056 | 379,527 | 241,860 |
total assets | 3,060,501 | 3,612,381 | 3,970,757 | 1,600,622 | 1,149,127 | 1,345,264 | 1,184,982 | 1,121,234 | 834,909 | 512,023 | 368,308 | 371,328 | 412,549 | 279,141 |
Bank overdraft | 0 | 0 | 18,703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 20,279 | 19,682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 141,721 | 125,307 | 315,533 | 135,169 | 56,244 | 53,068 | 80,602 | 112,055 | 349,484 | 290,622 | 234,324 | 246,915 | 347,270 | 225,825 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 2,000 | 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 | 160,153 | 761,211 | 1,665,605 | 179,297 | 62,128 | 196,070 | 178,733 | 358,040 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 322,153 | 906,200 | 1,999,841 | 314,466 | 118,372 | 249,138 | 259,335 | 470,095 | 349,484 | 290,622 | 236,324 | 248,915 | 347,270 | 225,825 |
loans | 311,402 | 331,548 | 351,025 | 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 | 0 | 0 | 0 | 0 |
provisions | 150,194 | 148,049 | 0 | 0 | 0 | 0 | 8,324 | 0 | 6,824 | 2,446 | 2,423 | 266 | 266 | 266 |
total long term liabilities | 461,596 | 479,597 | 351,025 | 0 | 0 | 0 | 8,324 | 0 | 6,824 | 2,446 | 2,423 | 266 | 266 | 266 |
total liabilities | 783,749 | 1,385,797 | 2,350,866 | 314,466 | 118,372 | 249,138 | 267,659 | 470,095 | 356,308 | 293,068 | 238,747 | 249,181 | 347,536 | 226,091 |
net assets | 2,276,752 | 2,226,584 | 1,619,891 | 1,286,156 | 1,030,755 | 1,096,126 | 917,323 | 651,139 | 478,601 | 218,955 | 129,561 | 122,147 | 65,013 | 53,050 |
total shareholders funds | 2,276,752 | 2,226,584 | 1,619,891 | 1,286,156 | 1,030,755 | 1,096,126 | 917,323 | 651,139 | 478,601 | 218,955 | 129,561 | 122,147 | 65,013 | 53,050 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 35,390 | 36,180 | 20,662 | 19,357 | 18,609 | 15,004 | 15,902 | 11,897 | 8,345 | 7,751 | 2,744 | 4,491 | 7,124 | |
Amortisation | 131,601 | 316,225 | 69,709 | 3,397 | 5,474 | 10,079 | 12,683 | 5,804 | 3,613 | 5,420 | 8,129 | 12,176 | 12,657 | |
Tax | ||||||||||||||
Stock | -61,473 | -498,436 | 787,123 | 20,454 | 27,921 | 90,162 | -76,295 | 72,948 | 207,792 | -62,086 | 17,806 | 42,523 | -6,554 | 78,491 |
Debtors | -479,361 | 63,823 | 541,722 | 168,375 | -30,224 | -231,914 | 270,451 | 159,965 | 413,381 | 210,013 | -15,721 | -158,989 | 144,381 | 163,057 |
Creditors | 16,414 | -190,226 | 180,364 | 78,925 | 3,176 | -27,534 | -31,453 | -237,429 | 349,484 | 56,298 | -12,591 | -100,355 | 121,445 | 225,825 |
Accruals and Deferred Income | -601,058 | -904,394 | 1,486,308 | 117,169 | -133,942 | 17,337 | -179,307 | 358,040 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 2,145 | 148,049 | 0 | 0 | 0 | -8,324 | 8,324 | -6,824 | 6,824 | 23 | 2,157 | 0 | 0 | 266 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | -9,741 | 59,542 | 0 | 0 | 0 | 0 | -35,000 | -35,000 | 70,000 | 0 | 0 | 70,000 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 597 | 19,682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,000 | 0 | 2,000 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -20,146 | -19,477 | 351,025 | 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 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -46,850 | -4,110 | 183,531 | 70,772 | -342,000 | 294,202 | -86,493 | 73,071 | 67,083 | -81 | 49 | -5 | -160 | 312 |
overdraft | 0 | -18,703 | 18,703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -46,850 | 14,593 | 164,828 | 70,772 | -342,000 | 294,202 | -86,493 | 73,071 | 67,083 | -81 | 49 | -5 | -160 | 312 |
ipec limited Credit Report and Business Information
Ipec Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for ipec limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
ipec limited Ownership
IPEC LIMITED group structure
Ipec Limited has no subsidiary companies.
Ultimate parent company
IPEC LIMITED
03123703
ipec limited directors
Ipec Limited currently has 4 directors. The longest serving directors include Dr Colin Smith (Nov 1995) and Mr Steven Brookfield (Jan 2007).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Dr Colin Smith | England | 55 years | Nov 1995 | - | Director |
Mr Steven Brookfield | England | 61 years | Jan 2007 | - | Director |
Mr David North | 82 years | Jan 2010 | - | Director | |
Mr Carl Eastham | England | 38 years | Jan 2015 | - | Director |
P&L
March 2023turnover
2.2m
-38%
operating profit
68.2k
0%
gross margin
24.7%
+2.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.3m
+0.02%
total assets
3.1m
-0.15%
cash
209.2k
-0.18%
net assets
Total assets minus all liabilities
ipec limited company details
company number
03123703
Type
Private limited with Share Capital
industry
27120 - Manufacture of electricity distribution and control apparatus
incorporation date
November 1995
age
29
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o djh mitten clarke, st george's house, manchester, M2 3NQ
last accounts submitted
March 2023
ipec 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 found 4 charges/mortgages relating to ipec limited. Currently there are 3 open charges and 1 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
ipec limited Companies House Filings - See Documents
date | description | view/download |
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