devon wind power limited
devon wind power limited Company Information
Company Number
03536976
Website
https://www.formore.ieRegistered Address
eastcastle house, 27/28 eastcastle street, london, W1W 8DH
Industry
Production of electricity
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
esb asset development uk ltd 100%
devon wind power limited Estimated Valuation
Pomanda estimates the enterprise value of DEVON WIND POWER LIMITED at £40.2m based on a Turnover of £19.1m and 2.11x industry multiple (adjusted for size and gross margin).
devon wind power limited Estimated Valuation
Pomanda estimates the enterprise value of DEVON WIND POWER LIMITED at £95.3m based on an EBITDA of £15.3m and a 6.22x industry multiple (adjusted for size and gross margin).
devon wind power limited Estimated Valuation
Pomanda estimates the enterprise value of DEVON WIND POWER LIMITED at £26.9m based on Net Assets of £9.3m and 2.88x industry multiple (adjusted for liquidity).
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Devon Wind Power Limited Overview
Devon Wind Power Limited is a live company located in london, W1W 8DH with a Companies House number of 03536976. It operates in the production of electricity sector, SIC Code 35110. Founded in March 1998, it's largest shareholder is esb asset development uk ltd with a 100% stake. Devon Wind Power Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.1m with healthy growth in recent years.
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Devon Wind Power Limited Health Check
Pomanda's financial health check has awarded Devon Wind Power Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
2 Weak
Size
annual sales of £19.1m, make it larger than the average company (£1.8m)
£19.1m - Devon Wind Power Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (11.2%)
12% - Devon Wind Power Limited
11.2% - Industry AVG
Production
with a gross margin of 66.8%, this company has a comparable cost of product (73.2%)
66.8% - Devon Wind Power Limited
73.2% - Industry AVG
Profitability
an operating margin of 59.5% make it as profitable than the average company (51.6%)
59.5% - Devon Wind Power Limited
51.6% - Industry AVG
Employees
with 42 employees, this is above the industry average (3)
- Devon Wind Power Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Devon Wind Power Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £453.8k, this is equally as efficient (£461.2k)
- Devon Wind Power Limited
£461.2k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (16 days)
0 days - Devon Wind Power Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (21 days)
1 days - Devon Wind Power Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Devon Wind Power Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (9 weeks)
1 weeks - Devon Wind Power Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.2%, this is a lower level of debt than the average (89.5%)
76.2% - Devon Wind Power Limited
89.5% - Industry AVG
DEVON WIND POWER LIMITED financials
Devon Wind Power Limited's latest turnover from December 2023 is £19.1 million and the company has net assets of £9.3 million. According to their latest financial statements, we estimate that Devon Wind Power Limited has 42 employees and maintains cash reserves of £181 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 19,060,000 | 27,204,000 | 18,786,000 | 13,665,000 | 13,659,000 | 15,651,000 | 12,782,000 | 10,894,000 | 12,212,000 | 12,229,000 | 16,279,000 | 10,134,000 | 3,954,000 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 6,331,000 | 5,927,000 | 5,897,000 | 6,328,000 | 6,265,000 | 6,293,000 | 6,141,000 | 6,249,000 | 5,050,000 | 5,137,000 | 6,537,000 | 4,697,000 | |||
| Gross Profit | 12,729,000 | 21,277,000 | 12,889,000 | 7,337,000 | 7,394,000 | 9,358,000 | 6,641,000 | 4,645,000 | 7,162,000 | 7,092,000 | 9,742,000 | 5,437,000 | |||
| Admin Expenses | 1,390,000 | 448,000 | 1,212,000 | 1,213,000 | 1,056,000 | 1,579,000 | 1,477,000 | 1,527,000 | 1,708,000 | 1,387,000 | 1,470,000 | 1,801,000 | |||
| Operating Profit | 11,339,000 | 20,829,000 | 11,677,000 | 6,124,000 | 6,338,000 | 7,779,000 | 5,164,000 | 3,118,000 | 5,454,000 | 5,705,000 | 8,272,000 | 3,636,000 | 2,172,000 | -4,000 | -190,000 |
| Interest Payable | 1,282,000 | 1,516,000 | 1,713,000 | 1,951,000 | 2,182,000 | 2,365,000 | 2,615,000 | 2,863,000 | 3,072,000 | 3,263,000 | 3,432,000 | 4,201,000 | 3,006,000 | 0 | 0 |
| Interest Receivable | 749,000 | 153,000 | 19,000 | 103,000 | 137,000 | 99,000 | 99,000 | 127,000 | 145,000 | 119,000 | 508,000 | 6,000 | 2,215,000 | 3,000 | 0 |
| Pre-Tax Profit | 10,806,000 | 19,466,000 | 9,983,000 | 4,276,000 | 4,293,000 | 5,513,000 | 2,648,000 | 382,000 | 2,527,000 | 2,561,000 | 5,348,000 | -559,000 | 1,381,000 | -1,000 | -190,000 |
| Tax | -2,525,000 | -3,743,000 | -3,208,000 | -445,000 | 598,000 | -1,056,000 | -519,000 | 71,000 | -100,000 | -748,000 | -888,000 | 42,000 | -323,000 | 0 | 0 |
| Profit After Tax | 8,281,000 | 15,723,000 | 6,775,000 | 3,831,000 | 4,891,000 | 4,457,000 | 2,129,000 | 453,000 | 2,427,000 | 1,813,000 | 4,460,000 | -517,000 | 1,058,000 | -1,000 | -190,000 |
| Dividends Paid | 12,000,000 | 19,000,000 | 6,000,000 | 0 | 0 | 0 | 3,000,000 | 6,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,719,000 | -3,277,000 | 775,000 | 3,831,000 | 4,891,000 | 4,457,000 | -871,000 | -5,547,000 | 2,427,000 | 1,813,000 | 4,460,000 | -517,000 | 1,058,000 | -1,000 | -190,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||||||||||||
| EBITDA* | 15,325,000 | 25,193,000 | 16,099,000 | 10,276,000 | 10,687,000 | 11,949,000 | 9,083,000 | 7,027,000 | 9,364,000 | 9,620,000 | 12,216,000 | 7,556,000 | 3,151,000 | -4,000 | 7,023,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 30,067,000 | 34,772,000 | 41,903,000 | 46,896,000 | 50,983,000 | 52,408,000 | 54,409,000 | 58,113,000 | 62,022,000 | 65,932,000 | 69,739,000 | 74,378,000 | 77,763,000 | 42,258,000 | 0 |
| Intangible Assets | 2,635,000 | 2,695,000 | 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 | 10,691,000 |
| Debtors (Due After 1 year) | 483,000 | 463,000 | 463,000 | 429,000 | 429,000 | 429,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 33,185,000 | 37,930,000 | 42,366,000 | 47,325,000 | 51,412,000 | 52,837,000 | 54,409,000 | 58,113,000 | 62,022,000 | 65,932,000 | 69,739,000 | 74,378,000 | 77,763,000 | 42,258,000 | 10,691,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 24,000 | 147,000 | 64,000 | 1,319,000 | 1,066,000 | 1,778,000 | 4,598,000 | 2,889,000 | 0 | 2,851,000 | 3,101,000 | 3,725,000 | 5,021,000 | 0 | 0 |
| Group Debtors | 5,678,000 | 17,597,000 | 6,279,000 | 26,000 | 0 | 11,000 | 1,079,000 | 1,406,000 | 1,415,000 | 1,611,000 | 1,183,000 | 1,688,000 | 1,134,000 | 0 | 0 |
| Misc Debtors | 261,000 | 193,000 | 163,000 | 3,852,000 | 4,236,000 | 3,977,000 | 836,000 | 745,000 | 3,844,000 | 1,746,000 | 1,284,000 | 935,000 | 816,000 | 1,914,000 | 138,000 |
| Cash | 181,000 | 2,566,000 | 6,389,000 | 4,828,000 | 17,901,000 | 14,008,000 | 9,405,000 | 17,510,000 | 16,509,000 | 12,650,000 | 10,718,000 | 6,842,000 | 391,000 | 106,000 | 993,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,144,000 | 20,503,000 | 12,895,000 | 10,025,000 | 23,203,000 | 19,774,000 | 15,918,000 | 22,550,000 | 21,768,000 | 18,858,000 | 16,286,000 | 13,190,000 | 7,362,000 | 2,020,000 | 1,131,000 |
| total assets | 39,329,000 | 58,433,000 | 55,261,000 | 57,350,000 | 74,615,000 | 72,611,000 | 70,327,000 | 80,663,000 | 83,790,000 | 84,790,000 | 86,025,000 | 87,568,000 | 85,125,000 | 44,278,000 | 11,822,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 30,000 | 25,000 | 73,000 | 39,000 | 5,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 121,000 | 17,000 | 1,108,000 | 0 |
| Group/Directors Accounts | 4,639,000 | 10,405,000 | 6,116,000 | 4,750,000 | 21,473,000 | 21,706,000 | 21,776,000 | 27,613,000 | 20,089,000 | 19,519,000 | 18,697,000 | 84,927,000 | 80,976,000 | 37,417,000 | 11,219,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 434,000 | 381,000 | 246,000 | 263,000 | 246,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,238,000 | 7,041,000 | 112,000 | 780,000 | 954,000 | 847,000 | 673,000 | 509,000 | 528,000 | 328,000 | 558,000 | 444,000 | 2,052,000 | 6,188,000 | 1,037,000 |
| total current liabilities | 8,341,000 | 17,852,000 | 6,547,000 | 5,832,000 | 22,678,000 | 22,555,000 | 22,449,000 | 28,122,000 | 20,617,000 | 19,847,000 | 19,255,000 | 85,492,000 | 83,045,000 | 44,713,000 | 12,256,000 |
| loans | 14,285,000 | 18,855,000 | 23,091,000 | 27,027,000 | 31,778,000 | 36,655,000 | 41,165,000 | 45,508,000 | 50,312,000 | 54,715,000 | 59,466,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,218,000 | 2,365,000 | 1,663,000 | 1,871,000 | 2,106,000 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,139,000 | 6,296,000 | 7,618,000 | 7,053,000 | 6,317,000 | 6,556,000 | 4,325,000 | 3,774,000 | 4,055,000 | 3,849,000 | 2,738,000 | 1,970,000 | 1,457,000 | 0 | 0 |
| total long term liabilities | 21,642,000 | 27,516,000 | 32,372,000 | 35,951,000 | 40,201,000 | 43,211,000 | 45,490,000 | 49,282,000 | 54,367,000 | 58,564,000 | 62,204,000 | 1,970,000 | 1,457,000 | 0 | 0 |
| total liabilities | 29,983,000 | 45,368,000 | 38,919,000 | 41,783,000 | 62,879,000 | 65,766,000 | 67,939,000 | 77,404,000 | 74,984,000 | 78,411,000 | 81,459,000 | 87,462,000 | 84,502,000 | 44,713,000 | 12,256,000 |
| net assets | 9,346,000 | 13,065,000 | 16,342,000 | 15,567,000 | 11,736,000 | 6,845,000 | 2,388,000 | 3,259,000 | 8,806,000 | 6,379,000 | 4,566,000 | 106,000 | 623,000 | -435,000 | -434,000 |
| total shareholders funds | 9,346,000 | 13,065,000 | 16,342,000 | 15,567,000 | 11,736,000 | 6,845,000 | 2,388,000 | 3,259,000 | 8,806,000 | 6,379,000 | 4,566,000 | 106,000 | 623,000 | -435,000 | -434,000 |
| Dec 2023 | 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 | 11,339,000 | 20,829,000 | 11,677,000 | 6,124,000 | 6,338,000 | 7,779,000 | 5,164,000 | 3,118,000 | 5,454,000 | 5,705,000 | 8,272,000 | 3,636,000 | 2,172,000 | -4,000 | -190,000 |
| Depreciation | 3,986,000 | 4,364,000 | 4,422,000 | 4,152,000 | 4,349,000 | 4,170,000 | 3,919,000 | 3,909,000 | 3,910,000 | 3,915,000 | 3,944,000 | 3,920,000 | 979,000 | 0 | 7,213,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,525,000 | -3,743,000 | -3,208,000 | -445,000 | 598,000 | -1,056,000 | -519,000 | 71,000 | -100,000 | -748,000 | -888,000 | 42,000 | -323,000 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -11,954,000 | 11,431,000 | 1,343,000 | -105,000 | -464,000 | -318,000 | 1,473,000 | -219,000 | -949,000 | 640,000 | -780,000 | -623,000 | 5,057,000 | 1,776,000 | 138,000 |
| Creditors | 5,000 | -48,000 | 34,000 | 34,000 | 3,000 | 2,000 | 0 | 0 | 0 | 0 | -121,000 | 104,000 | -1,091,000 | 1,108,000 | 0 |
| Accruals and Deferred Income | -3,803,000 | 6,929,000 | -668,000 | -174,000 | 107,000 | 174,000 | 164,000 | -19,000 | 200,000 | -230,000 | 114,000 | -1,608,000 | -4,136,000 | 5,151,000 | 1,037,000 |
| Deferred Taxes & Provisions | -1,157,000 | -1,322,000 | 565,000 | 736,000 | -239,000 | 2,231,000 | 551,000 | -281,000 | 206,000 | 1,111,000 | 768,000 | 513,000 | 1,457,000 | 0 | 0 |
| Cash flow from operations | 19,799,000 | 15,578,000 | 11,479,000 | 10,532,000 | 11,620,000 | 13,618,000 | 7,806,000 | 7,017,000 | 10,619,000 | 9,113,000 | 12,869,000 | 7,230,000 | -5,999,000 | 4,479,000 | 7,922,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,691,000 | 10,691,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -5,766,000 | 4,289,000 | 1,366,000 | -16,723,000 | -233,000 | -70,000 | -5,837,000 | 7,524,000 | 570,000 | 822,000 | -66,230,000 | 3,951,000 | 43,559,000 | 26,198,000 | 11,219,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -4,570,000 | -4,236,000 | -3,936,000 | -4,751,000 | -4,877,000 | -4,510,000 | -4,343,000 | -4,804,000 | -4,403,000 | -4,751,000 | 59,466,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -94,000 | 837,000 | -225,000 | -218,000 | 2,352,000 | 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 | 0 |
| share issue | |||||||||||||||
| interest | -533,000 | -1,363,000 | -1,694,000 | -1,848,000 | -2,045,000 | -2,266,000 | -2,516,000 | -2,736,000 | -2,927,000 | -3,144,000 | -2,924,000 | -4,195,000 | -791,000 | 3,000 | 0 |
| cash flow from financing | -10,963,000 | -473,000 | -4,489,000 | -23,540,000 | -4,803,000 | -6,846,000 | -12,696,000 | -16,000 | -6,760,000 | -7,073,000 | -9,688,000 | -244,000 | 42,768,000 | 26,201,000 | 10,975,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,385,000 | -3,823,000 | 1,561,000 | -13,073,000 | 3,893,000 | 4,603,000 | -8,105,000 | 1,001,000 | 3,859,000 | 1,932,000 | 3,876,000 | 6,451,000 | 285,000 | -887,000 | 993,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,385,000 | -3,823,000 | 1,561,000 | -13,073,000 | 3,893,000 | 4,603,000 | -8,105,000 | 1,001,000 | 3,859,000 | 1,932,000 | 3,876,000 | 6,451,000 | 285,000 | -887,000 | 993,000 |
devon wind power limited Credit Report and Business Information
Devon Wind Power Limited Competitor Analysis
Perform a competitor analysis for devon wind power limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in W1W area or any other competitors across 12 key performance metrics.
devon wind power limited Ownership
DEVON WIND POWER LIMITED group structure
Devon Wind Power Limited has no subsidiary companies.
Ultimate parent company
ELECTRICITY SUPPLY BOARD
#0050143
2 parents
DEVON WIND POWER LIMITED
03536976
devon wind power limited directors
Devon Wind Power Limited currently has 4 directors. The longest serving directors include Mr John Gartland (Mar 2020) and Mihai Diac (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Gartland | England | 59 years | Mar 2020 | - | Director |
| Mihai Diac | England | 58 years | Jun 2022 | - | Director |
| Ms Maria O'Brien | England | 51 years | Nov 2023 | - | Director |
| Mr Patrick Keane | 54 years | Mar 2024 | - | Director |
P&L
December 2023turnover
19.1m
-30%
operating profit
11.3m
-46%
gross margin
66.8%
-14.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.3m
-0.28%
total assets
39.3m
-0.33%
cash
181k
-0.93%
net assets
Total assets minus all liabilities
devon wind power limited company details
company number
03536976
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
March 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
asterwing limited (April 1998)
accountant
-
auditor
DELOITTE (NI) LIMITED
address
eastcastle house, 27/28 eastcastle street, london, W1W 8DH
Bank
DANSKE BANK
Legal Advisor
-
devon wind power 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 3 charges/mortgages relating to devon wind power limited. Currently there are 3 open charges and 0 have been satisfied in the past.
devon wind power limited Companies House Filings - See Documents
| date | description | view/download |
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