Elecro Engineering Limited

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elecro engineering limited Company Information

Live

MatureMidHigh

Company Number

03520981

Website

www.elecro.co.uk

Registered Address

11 gunnels wood park, gunnels wood road, stevenage, hertfordshire, SG1 2BH

Industry

Manufacture of electric domestic appliances

Telephone

01438749474

Next Accounts Due

December 2024

Group Structure

View All

Directors

Emily May16 Years

Shareholders

elecro fluid dynamics limited 100%

elecro engineering limited Estimated Valuation

£14.7m

Pomanda estimates the enterprise value of ELECRO ENGINEERING LIMITED at £14.7m based on an EBITDA of £3m and a 4.95x industry multiple (adjusted for size and gross margin).

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Elecro Engineering Limited is a live company located in stevenage, SG1 2BH with a Companies House number of 03520981. It operates in the manufacture of electric domestic appliances sector, SIC Code 27510. Founded in March 1998, it's largest shareholder is elecro fluid dynamics limited with a 100% stake. Elecro Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.8m with high growth in recent years.

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Pomanda's financial health check has awarded Elecro Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £12.8m, make it smaller than the average company (£25.3m)

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (3.8%)

EXPORT

Elecro Engineering Limited's latest turnover from March 2023 is estimated at £12.8 million and the company has net assets of £8.1 million. According to their latest financial statements, Elecro Engineering Limited has 52 employees and maintains cash reserves of £1.8 million 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	Mar 2012	Mar 2011	Mar 2010
Turnover	12,772,471	11,284,317	7,414,351	5,931,525	7,849,561	6,854,155	5,414,188	4,066,427	2,858,228	3,078,032	2,182,458	2,265,125	1,905,152	1,782,639
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,676,687	7,604,451	5,213,452	4,467,917	5,690,132	4,903,377	3,864,766	2,892,015	2,044,610	2,244,607	1,568,277	1,645,885	1,356,714	1,208,905
Gross Profit	4,095,784	3,679,866	2,200,899	1,463,608	2,159,429	1,950,778	1,549,422	1,174,412	813,617	833,426	614,181	619,240	548,437	573,734
Admin Expenses	1,265,248	2,089,445	181,755	729,241	2,069,215	1,695,388	1,453,333	800,298	361,044	470,264	380,316	73,444	413,298	107,834
Operating Profit	2,830,536	1,590,421	2,019,144	734,367	90,214	255,390	96,089	374,114	452,573	363,162	233,865	545,796	135,139	465,900
Interest Payable	25,625	20,925	22,570	12,200	0	0	0	0	0	0	0	0	0	0
Interest Receivable	54,946	10,942	1,846	1,486	9,035	5,384	1,957	2,214	1,721	1,175	1,699	1,381	345	14
Pre-Tax Profit	2,859,857	1,580,438	1,998,420	723,653	99,249	260,774	98,046	376,328	454,294	364,338	235,564	547,177	135,483	465,914
Tax	-543,373	-300,283	-379,700	-137,494	-18,857	-49,547	-19,609	-75,265	-95,402	-83,798	-56,535	-142,266	-37,935	-130,456
Profit After Tax	2,316,484	1,280,155	1,618,720	586,159	80,392	211,227	78,437	301,062	358,892	280,540	179,029	404,911	97,548	335,458
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,316,484	1,280,155	1,618,720	586,159	80,392	211,227	78,437	301,062	358,892	280,540	179,029	404,911	97,548	335,458
Employee Costs	2,499,234	2,295,428	1,430,725	1,323,771	1,469,811	1,079,586	1,022,777	933,708	624,652	643,858	399,916	390,462	314,887	255,681
Number Of Employees	52	50	34	32	34	26	26	24	18	18	12	12	10	8
EBITDA*	2,977,753	1,717,578	2,146,402	791,570	174,521	337,740	185,632	449,330	512,842	411,287	250,805	577,488	162,284	494,790

* 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	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	301,474	304,320	286,216	333,334	174,603	197,105	172,205	186,115	165,774	142,204	117,253	26,213	42,821	44,101
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	571,643	571,643	571,643	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	873,117	875,963	857,859	333,334	174,603	197,105	172,205	186,115	165,774	142,204	117,253	26,213	42,821	44,101
Stock & work in progress	3,082,925	2,712,725	1,533,867	1,070,822	1,523,644	1,245,448	1,062,217	931,024	768,792	792,273	629,128	594,303	525,500	415,305
Trade Debtors	2,934,132	2,596,589	1,476,172	1,307,702	930,788	1,273,989	897,386	734,964	563,590	540,130	358,469	357,920	276,068	294,479
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	371,163	526,565	221,198	182,093	59,770	0	0	0	0	0	0	0	0	0
Cash	1,801,330	784,351	2,133,487	1,557,706	1,413,888	995,538	1,157,904	407,524	477,902	210,554	259,599	420,081	132,267	5,661
misc current assets	0	0	0	0	0	71,457	59,641	52,396	0	0	0	0	0	0
total current assets	8,189,550	6,620,230	5,364,724	4,118,323	3,928,090	3,586,432	3,177,148	2,125,908	1,810,284	1,542,957	1,247,196	1,372,304	933,835	715,445
total assets	9,062,667	7,496,193	6,222,583	4,451,657	4,102,693	3,783,537	3,349,353	2,312,023	1,976,058	1,685,161	1,364,449	1,398,517	976,656	759,546
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	60,000	60,000	60,000	60,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	196,326	926,351	541,637	290,672	1,360,205	1,052,409	753,593	327,706	299,057	350,330	252,420	380,736	274,538	423,475
Group/Directors Accounts	100	100	0	0	0	0	0	0	107	29,764	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	446,819	409,392	766,264	797,316	0	0	0	0	0	0	0	0	0	0
total current liabilities	703,245	1,395,843	1,367,901	1,147,988	1,360,205	1,052,409	753,593	327,706	299,164	380,094	252,420	380,736	274,538	423,475
loans	160,000	220,000	280,000	340,000	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	400,000	465,250	535,513	0	0	0	87,502	177,401	269,012	513
provisions	70,308	67,720	42,207	49,914	14,892	18,674	24,270	26,777	20,416	7,481	7,481	2,363	0	0
total long term liabilities	230,308	287,720	322,207	389,914	414,892	483,924	559,783	26,777	20,416	7,481	94,983	179,764	269,012	513
total liabilities	933,553	1,683,563	1,690,108	1,537,902	1,775,097	1,536,333	1,313,376	354,483	319,580	387,575	347,403	560,500	543,550	423,988
net assets	8,129,114	5,812,630	4,532,475	2,913,755	2,327,596	2,247,204	2,035,977	1,957,540	1,656,478	1,297,586	1,017,046	838,017	433,106	335,558
total shareholders funds	8,129,114	5,812,630	4,532,475	2,913,755	2,327,596	2,247,204	2,035,977	1,957,540	1,656,478	1,297,586	1,017,046	838,017	433,106	335,558

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,830,536	1,590,421	2,019,144	734,367	90,214	255,390	96,089	374,114	452,573	363,162	233,865	545,796	135,139	465,900
Depreciation	147,217	127,157	127,258	57,203	84,307	82,350	89,543	75,216	60,269	48,125	16,940	31,692	27,145	28,890
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-543,373	-300,283	-379,700	-137,494	-18,857	-49,547	-19,609	-75,265	-95,402	-83,798	-56,535	-142,266	-37,935	-130,456
Stock	370,200	1,178,858	463,045	-452,822	278,196	183,231	131,193	162,232	-23,481	163,145	34,825	68,803	110,195	415,305
Debtors	182,141	1,425,784	207,575	499,237	-283,431	376,603	162,422	171,374	23,460	181,661	549	81,852	-18,411	294,479
Creditors	-730,025	384,714	250,965	-1,069,533	307,796	298,816	425,887	28,649	-51,273	97,910	-128,316	106,198	-148,937	423,475
Accruals and Deferred Income	37,427	-356,872	-31,052	797,316	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	2,588	25,513	-7,707	35,022	-3,782	-5,596	-2,507	6,361	12,935	0	5,118	2,363	0	0
Cash flow from operations	1,192,029	-1,133,992	1,308,288	370,466	464,913	21,579	295,788	75,469	379,123	80,593	35,698	393,128	-116,372	78,025
Investing Activities
capital expenditure	-144,371	-145,261	-80,140	-215,934	-61,805	-107,250	-75,633	-95,557	-83,839	-73,076	-107,980	-15,084	-25,865	-72,991
Change in Investments	0	0	571,643	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-144,371	-145,261	-651,783	-215,934	-61,805	-107,250	-75,633	-95,557	-83,839	-73,076	-107,980	-15,084	-25,865	-72,991
Financing Activities
Bank loans	0	0	0	60,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	100	0	0	0	0	0	-107	-29,657	29,764	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	-60,000	-60,000	-60,000	340,000	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	-400,000	-65,250	-70,263	535,513	0	0	-87,502	-89,899	-91,611	268,499	513
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	29,321	-9,983	-20,724	-10,714	9,035	5,384	1,957	2,214	1,721	1,175	1,699	1,381	345	14
cash flow from financing	-30,679	-69,883	-80,724	-10,714	-56,215	-64,879	537,470	2,107	-27,936	-56,563	-88,200	-90,230	268,844	627
cash and cash equivalents
cash	1,016,979	-1,349,136	575,781	143,818	418,350	-162,366	750,380	-70,378	267,348	-49,045	-160,482	287,814	126,606	5,661
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,016,979	-1,349,136	575,781	143,818	418,350	-162,366	750,380	-70,378	267,348	-49,045	-160,482	287,814	126,606	5,661

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ELECRO ENGINEERING LIMITED group structure

Elecro Engineering Limited has no subsidiary companies.

Ultimate parent company

ELECRO ENGINEERING LIMITED

03520981

ELECRO ENGINEERING LIMITED Shareholders

elecro fluid dynamics limited

100%

Elecro Engineering Limited currently has 1 director, Mrs Emily May serving since Sep 2008.

officer	country	age	start	end	role
Mrs Emily May	United Kingdom	35 years	Sep 2008	-	Director

P&L

March 2023

turnover

12.8m

+13%

operating profit

2.8m

gross margin

32.1%

-1.67%

turnover

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

Balance Sheet

March 2023

net assets

8.1m

+0.4%

total assets

9.1m

+0.21%

cash

1.8m

+1.3%

net assets

Total assets minus all liabilities

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company number

03520981

Type

Private limited with Share Capital

industry

27510 - Manufacture of electric domestic appliances

incorporation date

March 1998

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

11 gunnels wood park, gunnels wood road, stevenage, hertfordshire, SG1 2BH

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elecro engineering limited Company Information

elecro engineering limited Estimated Valuation

elecro engineering limited Estimated Valuation

elecro engineering limited Estimated Valuation

Elecro Engineering Limited Overview

Elecro Engineering Limited Health Check

ELECRO ENGINEERING LIMITED financials

elecro engineering limited Credit Report and Business Information

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elecro engineering limited Companies House Filings - See Documents