East London Electrical Distribution Limited

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east london electrical distribution limited Company Information

Company Number

03484310

Next Accounts

122 days late

Directors

William Jarvis

Shareholders

william robert jarvis

chris webster

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Group Structure

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Industry

Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.

Registered Address

c/o tc group, 6th floor kings house, london, SW1Y 4BP

Website

http://billjarvis.co.uk

east london electrical distribution limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of EAST LONDON ELECTRICAL DISTRIBUTION LIMITED at £3.3m based on Net Assets of £1.6m and 1.99x industry multiple (adjusted for liquidity).

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East London Electrical Distribution Limited is a live company located in london, SW1Y 4BP with a Companies House number of 03484310. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46439. Founded in December 1997, it's largest shareholder is william robert jarvis with a 80% stake. East London Electrical Distribution Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded East London Electrical Distribution Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£24.2m)

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (6.9%)

EXPORT

East London Electrical Distribution Limited's latest turnover from December 2022 is estimated at £2.9 million and the company has net assets of £1.6 million. According to their latest financial statements, East London Electrical Distribution Limited has 7 employees and maintains cash reserves of £105.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	2,857,367	4,606,803	5,692,774	7,200,595	7,479,539	6,614,394	6,127,544	4,908,177	5,040,552	9,008,596	7,603,389	7,888,925	6,125,090	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,212,515	3,575,207	4,386,130	5,536,523	5,764,103	5,099,170	4,725,357	4,201,335	4,218,244	6,939,465	5,840,487	6,053,799	4,673,341	0
Gross Profit	644,852	1,031,597	1,306,643	1,664,072	1,715,435	1,515,224	1,402,187	706,842	822,308	2,069,131	1,762,902	1,835,126	1,451,748	0
Admin Expenses	566,292	1,396,600	1,142,276	1,491,188	1,547,089	1,232,860	1,177,564	443,768	584,317	1,953,581	1,704,972	1,771,524	1,387,965	-1,031,629
Operating Profit	78,560	-365,003	164,367	172,884	168,346	282,364	224,623	263,074	237,991	115,550	57,930	63,602	63,783	1,031,629
Interest Payable	0	12,500	39,280	61,571	56,844	53,494	52,459	42,200	41,139	0	0	0	0	0
Interest Receivable	2,666	189	55	109	130	127	148	0	0	266	121	39	1	0
Pre-Tax Profit	81,226	-377,314	125,142	111,421	111,632	228,998	172,313	220,874	196,852	115,816	58,051	63,641	63,783	1,031,629
Tax	-15,433	0	-23,777	-21,170	-21,210	-43,510	-34,462	-46,238	-42,083	-26,638	-13,932	-16,547	-17,859	-288,856
Profit After Tax	65,793	-377,314	101,365	90,251	90,422	185,488	137,850	174,636	154,769	89,178	44,119	47,094	45,924	742,773
Dividends Paid	0	0	0	0	0	0	0	72,003	0	0	0	0	0	0
Retained Profit	65,793	-377,314	101,365	90,251	90,422	185,488	137,850	102,633	154,769	89,178	44,119	47,094	45,924	742,773
Employee Costs	351,747	416,636	385,608	387,611	377,664	366,766	384,000	112,915	209,424	883,484	765,892	822,585	606,622	0
Number Of Employees	7	9	9	9	9	9	10	9	15	27	24	27	20	0
EBITDA*	83,390	-355,618	172,010	179,904	175,385	289,351	231,610	279,067	255,180	132,311	73,290	77,978	79,646	1,032,991

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	353,796	819,433	828,818	828,970	835,990	842,254	849,241	856,228	871,534	888,723	904,094	392,504	404,759	379,087
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	353,796	819,433	828,818	828,970	835,990	842,254	849,241	856,228	871,534	888,723	904,094	392,504	404,759	379,087
Stock & work in progress	1,229,744	1,423,598	1,936,899	2,201,306	2,177,208	1,994,316	1,729,852	1,184,852	1,043,681	1,318,681	1,021,811	1,102,392	1,185,266	883,497
Trade Debtors	419,099	849,419	1,042,957	1,109,593	1,017,385	1,009,332	1,120,918	985,161	921,920	962,856	894,196	1,080,901	635,230	597,949
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,825	2,825	7,093	14,607	0	12,051	1,594	135,420	8,009	0	0	0	0	0
Cash	105,626	46,733	104,288	5,637	23,378	11,339	39,580	79,118	133,617	73,305	33,109	15,288	216	0
misc current assets	54,172	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,811,466	2,322,575	3,091,237	3,331,143	3,308,507	3,027,038	2,891,944	2,384,551	2,107,227	2,354,842	1,949,116	2,198,581	1,820,712	1,481,446
total assets	2,165,262	3,142,008	3,920,055	4,160,113	4,144,497	3,869,292	3,741,185	3,240,779	2,978,761	3,243,565	2,853,210	2,591,085	2,225,471	1,860,533
Bank overdraft	0	0	0	0	756,879	747,817	898,137	780,545	747,674	0	0	0	0	0
Bank loan	0	0	400,000	887,878	0	0	0	0	0	0	0	0	0	0
Trade Creditors	109,471	452,768	539,202	1,115,187	1,288,228	1,079,752	804,432	711,735	598,835	2,099,475	1,798,298	1,580,292	1,149,235	822,546
Group/Directors Accounts	0	0	0	0	0	216,510	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	179,580	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	415,708	1,114,950	1,029,249	306,809	0	336,032	521,288	369,021	355,407	0	0	0	0	0
total current liabilities	525,179	1,567,718	1,968,451	2,309,874	2,349,001	2,163,601	2,223,857	1,861,301	1,701,916	2,099,475	1,798,298	1,580,292	1,149,235	822,546
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	0	0	112,537	120,212
provisions	0	0	0	0	0	36,125	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	35,508	36,125	0	0	0	0	0	0	112,537	120,212
total liabilities	525,179	1,567,718	1,968,451	2,309,874	2,384,509	2,199,726	2,223,857	1,861,301	1,701,916	2,099,475	1,798,298	1,580,292	1,261,772	942,758
net assets	1,640,083	1,574,290	1,951,604	1,850,239	1,759,988	1,669,566	1,517,328	1,379,478	1,276,845	1,144,090	1,054,912	1,010,793	963,699	917,775
total shareholders funds	1,640,083	1,574,290	1,951,604	1,850,239	1,759,988	1,669,566	1,517,328	1,379,478	1,276,845	1,144,090	1,054,912	1,010,793	963,699	917,775

	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	78,560	-365,003	164,367	172,884	168,346	282,364	224,623	263,074	237,991	115,550	57,930	63,602	63,783	1,031,629
Depreciation	4,830	9,385	7,643	7,020	7,039	6,987	6,987	15,993	17,189	16,761	15,360	14,376	15,863	1,362
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-15,433	0	-23,777	-21,170	-21,210	-43,510	-34,462	-46,238	-42,083	-26,638	-13,932	-16,547	-17,859	-288,856
Stock	-193,854	-513,301	-264,407	24,098	182,892	264,464	545,000	141,171	-275,000	296,870	-80,581	-82,874	301,769	883,497
Debtors	-430,320	-197,806	-74,150	106,815	-3,998	-101,129	1,931	190,652	-32,927	68,660	-186,705	445,671	37,281	597,949
Creditors	-343,297	-86,434	-575,985	-173,041	208,476	275,320	92,697	112,900	-1,500,640	301,177	218,006	431,057	326,689	822,546
Accruals and Deferred Income	-699,242	85,701	722,440	306,809	-336,032	-185,256	152,267	13,614	355,407	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-36,125	36,125	0	0	0	0	0	0	0	0
Cash flow from operations	-350,408	354,756	633,245	161,589	-188,400	208,695	-104,819	27,520	-624,209	41,320	544,650	129,691	49,426	85,235
Investing Activities
capital expenditure	460,807	0	-7,491	0	-775	0	0	-687	0	-1,390	-526,950	-2,121	-41,535	-380,449
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	460,807	0	-7,491	0	-775	0	0	-687	0	-1,390	-526,950	-2,121	-41,535	-380,449
Financing Activities
Bank loans	0	-400,000	-487,878	887,878	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-216,510	216,510	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-179,580	179,580	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	0	0	-112,537	-7,675	120,212
share issue	0	0	0	0	0	-33,250	0	0	-22,014	0	0	0	0	175,002
interest	2,666	-12,311	-39,225	-61,462	-56,714	-53,367	-52,311	-42,200	-41,139	266	121	39	1	0
cash flow from financing	2,666	-412,311	-527,103	646,836	-93,644	129,893	-52,311	-42,200	-63,153	266	121	-112,498	-7,674	295,214
cash and cash equivalents
cash	58,893	-57,555	98,651	-17,741	12,039	-28,241	-39,538	-54,499	60,312	40,196	17,821	15,072	216	0
overdraft	0	0	0	-756,879	9,062	-150,320	117,592	32,871	747,674	0	0	0	0	0
change in cash	58,893	-57,555	98,651	739,138	2,977	122,079	-157,130	-87,370	-687,362	40,196	17,821	15,072	216	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EAST LONDON ELECTRICAL DISTRIBUTION LIMITED group structure

East London Electrical Distribution Limited has no subsidiary companies.

Ultimate parent company

EAST LONDON ELECTRICAL DISTRIBUTION LIMITED

03484310

EAST LONDON ELECTRICAL DISTRIBUTION LIMITED Shareholders

william robert jarvis	80%
chris webster	10%
ash patel	10%

East London Electrical Distribution Limited currently has 1 director, Mr William Jarvis serving since Dec 1997.

officer	country	age	start	end	role
Mr William Jarvis		78 years	Dec 1997	-	Director

P&L

December 2022

turnover

2.9m

-38%

operating profit

78.6k

gross margin

22.6%

+0.78%

turnover

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

Balance Sheet

December 2022

net assets

1.6m

+0.04%

total assets

2.2m

-0.31%

cash

105.6k

+1.26%

net assets

Total assets minus all liabilities

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company number

03484310

Type

Private limited with Share Capital

industry

46439 - Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.

incorporation date

December 1997

ultimate parent company

None

previous names

east london electrical salvage limited (December 1998)

address

c/o tc group, 6th floor kings house, london, SW1Y 4BP

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 8 charges/mortgages relating to east london electrical distribution limited. Currently there are 0 open charges and 8 have been satisfied in the past.

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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east london electrical distribution limited Company Information

east london electrical distribution limited Estimated Valuation

east london electrical distribution limited Estimated Valuation

east london electrical distribution limited Estimated Valuation

East London Electrical Distribution Limited Overview

East London Electrical Distribution Limited Health Check

EAST LONDON ELECTRICAL DISTRIBUTION LIMITED financials

east london electrical distribution limited Credit Report and Business Information

East London Electrical Distribution Limited Competitor Analysis

east london electrical distribution limited Ownership

east london electrical distribution limited directors

east london electrical distribution limited company details

east london electrical distribution limited Charges & Mortgages

east london electrical distribution limited Capital Raised & Share Issues BETA

east london electrical distribution limited Companies House Filings - See Documents