Ignition Components Limited

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ignition components limited Company Information

Live

MatureMicroLow

Company Number

03759834

Website

www.ignitioncomponentsintl.com

Registered Address

1 aston court, bromsgrove technology park, bromsgrove, worcestershire, B60 3AL

Industry

Manufacture of electronic components

Telephone

01922613071

Next Accounts Due

January 2026

Group Structure

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Directors

Jonas Painter0 Years

Shareholders

michael john rudge 100%

ignition components limited Estimated Valuation

£382.5k

Pomanda estimates the enterprise value of IGNITION COMPONENTS LIMITED at £382.5k based on Net Assets of £176.3k and 2.17x industry multiple (adjusted for liquidity).

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Ignition Components Limited is a live company located in bromsgrove, B60 3AL with a Companies House number of 03759834. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in April 1999, it's largest shareholder is michael john rudge with a 100% stake. Ignition Components Limited is a mature, micro sized company, Pomanda has estimated its turnover at £340.4k with low growth in recent years.

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Pomanda's financial health check has awarded Ignition Components Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £340.4k, make it smaller than the average company (£17.7m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.6%)

EXPORT

Ignition Components Limited's latest turnover from April 2024 is estimated at £340.4 thousand and the company has net assets of £176.3 thousand. According to their latest financial statements, Ignition Components Limited has 4 employees and maintains cash reserves of £32.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	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	340,438	295,452	350,043	334,992	293,959	348,006	331,123	312,140	281,236	341,586	293,180	381,068	339,341	324,903	331,791
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	268,288	240,125	283,234	272,872	236,560	278,905	269,769	255,600	225,666	282,077	234,449	309,866	270,773	254,377	256,880
Gross Profit	72,150	55,327	66,809	62,120	57,399	69,101	61,354	56,540	55,570	59,509	58,731	71,202	68,568	70,526	74,911
Admin Expenses	43,751	26,617	50,478	30,432	53,233	61,537	8,547	44,593	47,137	44,555	67,103	81,328	59,186	45,780	70,050
Operating Profit	28,399	28,710	16,331	31,688	4,166	7,564	52,807	11,947	8,433	14,954	-8,372	-10,126	9,382	24,746	4,861
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,788	1,532	216	23	25	179	113	50	87	58	19	167	156	0	0
Pre-Tax Profit	30,187	30,241	16,547	31,711	4,191	7,743	52,920	11,998	8,520	15,013	-8,353	-9,959	9,538	24,746	4,861
Tax	-7,547	-7,560	-3,144	-6,025	-796	-1,471	-10,055	-2,280	-1,704	-3,002	0	0	-2,289	-6,434	-1,361
Profit After Tax	22,640	22,681	13,403	25,686	3,395	6,272	42,865	9,718	6,816	12,010	-8,353	-9,959	7,249	18,312	3,500
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	22,640	22,681	13,403	25,686	3,395	6,272	42,865	9,718	6,816	12,010	-8,353	-9,959	7,249	18,312	3,500
Employee Costs	181,106	174,892	167,697	167,792	167,845	240,406	234,066	194,876	75,626	76,522	74,171	70,186	70,716	67,777	66,871
Number Of Employees	4	4	4	4	4	6	6	5	2	2	2	2	2	2	2
EBITDA*	28,837	29,517	17,034	31,688	5,058	8,854	54,478	13,961	15,390	22,479	-777	-2,385	16,079	27,711	6,637

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	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	200	3,042	3,427	0	0	3,713	4,099	4,867	8,977	12,031	15,027	18,387	13,924	5,443	504
Intangible Assets	0	0	0	0	0	892	1,796	2,699	3,603	7,506	11,410	15,313	19,217	8,120	9,023
Investments & Other	0	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	0
Total Fixed Assets	200	3,042	3,427	0	0	4,605	5,895	7,566	12,580	19,537	26,437	33,700	33,141	13,563	9,527
Stock & work in progress	115,336	133,164	121,088	116,179	111,422	107,311	104,277	73,613	72,877	78,095	97,826	98,971	102,527	109,772	115,878
Trade Debtors	71,274	47,690	68,925	62,565	38,127	37,659	39,830	42,234	45,855	53,202	42,806	66,350	58,018	55,602	53,006
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	32,435	39,066	33,013	24,583	22,401	28,052	19,641	25,513	14,697	20,060	3,278	4,476	62,477	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	219,045	219,920	223,026	203,327	171,950	173,022	163,748	141,360	133,429	151,357	143,910	169,797	223,022	165,374	168,884
total assets	219,245	222,962	226,453	203,327	171,950	177,627	169,643	148,926	146,009	170,894	170,347	203,497	256,163	178,937	178,411
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	42,910	69,267	95,439	85,716	80,025	89,097	87,385	109,533	110,084	136,785	110,646	139,242	146,876	142,559	146,029
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	42,910	69,267	95,439	85,716	80,025	89,097	87,385	109,533	110,084	136,785	110,646	139,242	146,876	142,559	146,029
loans	0	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	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	6,250	11,250	48,852	45,053	80,126	14,466	28,782
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	6,250	11,250	48,852	45,053	80,126	14,466	28,782
total liabilities	42,910	69,267	95,439	85,716	80,025	89,097	87,385	109,533	116,334	148,035	159,498	184,295	227,002	157,025	174,811
net assets	176,335	153,695	131,014	117,611	91,925	88,530	82,258	39,393	29,675	22,859	10,849	19,202	29,161	21,912	3,600
total shareholders funds	176,335	153,695	131,014	117,611	91,925	88,530	82,258	39,393	29,675	22,859	10,849	19,202	29,161	21,912	3,600

	Apr 2024	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	28,399	28,710	16,331	31,688	4,166	7,564	52,807	11,947	8,433	14,954	-8,372	-10,126	9,382	24,746	4,861
Depreciation	438	807	703	0	0	386	768	1,110	3,054	3,621	3,692	3,837	2,794	2,061	872
Amortisation	0	0	0	0	892	904	903	904	3,903	3,904	3,903	3,904	3,903	904	904
Tax	-7,547	-7,560	-3,144	-6,025	-796	-1,471	-10,055	-2,280	-1,704	-3,002	0	0	-2,289	-6,434	-1,361
Stock	-17,828	12,076	4,909	4,757	4,111	3,034	30,664	736	-5,218	-19,731	-1,145	-3,556	-7,245	-6,106	115,878
Debtors	23,584	-21,235	6,360	24,438	468	-2,171	-2,404	-3,621	-7,347	10,396	-23,544	8,332	2,416	2,596	53,006
Creditors	-26,357	-26,172	9,723	5,691	-9,072	1,712	-22,148	-551	-26,701	26,139	-28,596	-7,634	4,317	-3,470	146,029
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-10,823	4,944	12,344	2,159	-9,389	8,232	-5,985	14,015	-450	54,951	-4,684	-14,795	22,936	21,317	-17,579
Investing Activities
capital expenditure	2,404	-422	-4,130	0	3,713	0	0	3,000	0	-625	-332	-8,300	-26,275	-7,001	-11,303
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,404	-422	-4,130	0	3,713	0	0	3,000	0	-625	-332	-8,300	-26,275	-7,001	-11,303
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	-6,250	-5,000	-37,602	3,799	-35,073	65,660	-14,316	28,782
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,788	1,532	216	23	25	179	113	50	87	58	19	167	156	0	0
cash flow from financing	1,788	1,532	216	23	25	179	113	-6,200	-4,913	-37,544	3,818	-34,906	65,816	-14,316	28,882
cash and cash equivalents
cash	-6,631	6,053	8,430	2,182	-5,651	8,411	-5,872	10,816	-5,363	16,782	-1,198	-58,001	62,477	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-6,631	6,053	8,430	2,182	-5,651	8,411	-5,872	10,816	-5,363	16,782	-1,198	-58,001	62,477	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IGNITION COMPONENTS LIMITED group structure

Ignition Components Limited has no subsidiary companies.

Ultimate parent company

IGNITION COMPONENTS LIMITED

03759834

IGNITION COMPONENTS LIMITED Shareholders

michael john rudge

100%

Ignition Components Limited currently has 1 director, Mr Jonas Painter serving since Mar 2024.

officer	country	age	start	end	role
Mr Jonas Painter	United Kingdom	33 years	Mar 2024	-	Director

P&L

April 2024

turnover

340.4k

+15%

operating profit

28.4k

gross margin

21.2%

+13.17%

turnover

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

Balance Sheet

April 2024

net assets

176.3k

+0.15%

total assets

219.2k

-0.02%

cash

32.4k

-0.17%

net assets

Total assets minus all liabilities

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company number

03759834

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

April 1999

ultimate parent company

None

previous names

N/A

address

1 aston court, bromsgrove technology park, bromsgrove, worcestershire, B60 3AL

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 ignition components limited. Currently there are 0 open charges and 4 have been satisfied in the past.

ignition components limited Company Information

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ignition components limited Estimated Valuation

ignition components limited Estimated Valuation

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