open energi limited
open energi limited Company Information
Company Number
03838585
Website
www.openenergi.comRegistered Address
open energi chertsey road, sunbury on thames, middlesex, TW16 7BP
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
02030510600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
bp scale up factory limited 100%
open energi limited Estimated Valuation
Pomanda estimates the enterprise value of OPEN ENERGI LIMITED at £241.8k based on a Turnover of £371.2k and 0.65x industry multiple (adjusted for size and gross margin).
open energi limited Estimated Valuation
Pomanda estimates the enterprise value of OPEN ENERGI LIMITED at £0 based on an EBITDA of £-3.6m and a 5.13x industry multiple (adjusted for size and gross margin).
open energi limited Estimated Valuation
Pomanda estimates the enterprise value of OPEN ENERGI LIMITED at £0 based on Net Assets of £-4m and 0.47x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Open Energi Limited Overview
Open Energi Limited is a live company located in middlesex, TW16 7BP with a Companies House number of 03838585. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in September 1999, it's largest shareholder is bp scale up factory limited with a 100% stake. Open Energi Limited is a mature, micro sized company, Pomanda has estimated its turnover at £371.2k with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Open Energi Limited Health Check
Pomanda's financial health check has awarded Open Energi Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £371.2k, make it smaller than the average company (£2.6m)
£371.2k - Open Energi Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.4%)
2% - Open Energi Limited
4.4% - Industry AVG
Production
with a gross margin of 70.3%, this company has a lower cost of product (43.8%)
70.3% - Open Energi Limited
43.8% - Industry AVG
Profitability
an operating margin of -994.4% make it less profitable than the average company (5.9%)
-994.4% - Open Energi Limited
5.9% - Industry AVG
Employees
with 23 employees, this is similar to the industry average (22)
23 - Open Energi Limited
22 - Industry AVG
Pay Structure
on an average salary of £121.3k, the company has a higher pay structure (£50.7k)
£121.3k - Open Energi Limited
£50.7k - Industry AVG
Efficiency
resulting in sales per employee of £16.1k, this is less efficient (£125.9k)
£16.1k - Open Energi Limited
£125.9k - Industry AVG
Debtor Days
it gets paid by customers after 155 days, this is later than average (57 days)
155 days - Open Energi Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 361 days, this is slower than average (32 days)
361 days - Open Energi Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Open Energi Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (26 weeks)
4 weeks - Open Energi Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 359%, this is a higher level of debt than the average (54.6%)
359% - Open Energi Limited
54.6% - Industry AVG
OPEN ENERGI LIMITED financials
Open Energi Limited's latest turnover from December 2022 is £371.2 thousand and the company has net assets of -£4 million. According to their latest financial statements, Open Energi Limited has 23 employees and maintains cash reserves of £444.6 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 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 371,240 | 562,767 | 438,452 | 350,568 | 416,727 | 1,253,337 | 795,068 | 595,884 | 165,701 | 144,355 | 413,001 | 1,485,652 | 1,118,839 | 610,931 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 110,101 | 448,439 | 367,824 | 313,389 | 414,307 | 1,552,146 | 641,493 | 412,114 | 361,525 | 203,965 | 302,208 | 1,420,436 | 1,118,839 | 610,931 |
| Gross Profit | 261,139 | 114,328 | 70,628 | 37,179 | 2,420 | -298,809 | 153,575 | 183,770 | -195,824 | -59,610 | 110,793 | 65,216 | 0 | 0 |
| Admin Expenses | 3,952,644 | 2,663,805 | 2,589,867 | 3,788,102 | 3,753,034 | 6,407,832 | 7,857,992 | 6,373,980 | 4,895,123 | 4,059,835 | 5,040,422 | 3,521,157 | 2,023,016 | 1,339,421 |
| Operating Profit | -3,691,505 | -2,549,477 | -2,519,239 | -3,750,923 | -3,750,614 | -6,706,641 | -7,704,417 | -6,190,210 | -5,090,947 | -4,119,445 | -4,929,629 | -3,455,941 | -2,023,016 | -1,339,421 |
| Interest Payable | 69,471 | 3,376 | 224,143 | 17,188 | 0 | 0 | 1,938,235 | 1,152,943 | 893,634 | 719,137 | 499,121 | 347,613 | 126,909 | 0 |
| Interest Receivable | 1 | 137 | 39 | 2,747 | 10,035 | 0 | 0 | 90 | 1,490 | 2,271 | 2,816 | 3,892 | 1,270 | 1,442 |
| Pre-Tax Profit | -3,760,975 | -2,552,716 | -2,743,343 | -3,765,364 | -3,740,579 | -6,706,641 | -9,642,652 | -7,343,063 | -5,983,091 | -4,836,311 | -5,425,934 | -3,799,662 | -2,148,655 | -1,337,979 |
| Tax | 0 | -15,827 | 393,160 | 408,194 | 379,506 | 386,500 | 799,924 | -12,146 | 216,096 | 103,683 | 170,982 | 190,101 | 208,103 | 113,720 |
| Profit After Tax | -3,760,975 | -2,568,543 | -2,350,183 | -3,357,170 | -3,361,073 | -6,320,141 | -8,842,728 | -7,355,209 | -5,766,995 | -4,732,628 | -5,254,952 | -3,609,561 | -1,940,552 | -1,224,259 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,760,975 | -2,568,543 | -2,350,183 | -3,357,170 | -3,361,073 | -6,320,141 | -8,842,728 | -7,355,209 | -5,766,995 | -4,732,628 | -5,254,952 | -3,609,561 | -1,940,552 | -1,224,259 |
| Employee Costs | 2,789,607 | 2,153,232 | 1,762,140 | 2,000,659 | 1,612,866 | 3,175,285 | 3,851,492 | 3,162,471 | 2,595,216 | 2,280,699 | 1,958,206 | 1,827,833 | 1,296,281 | 907,427 |
| Number Of Employees | 23 | 25 | 26 | 28 | 28 | 34 | 48 | 41 | 34 | 26 | 28 | 28 | 18 | |
| EBITDA* | -3,619,545 | -2,481,917 | -2,434,227 | -3,471,846 | -3,255,383 | -5,917,463 | -7,190,375 | -5,974,795 | -4,923,087 | -3,983,064 | -4,727,315 | -3,320,877 | -1,986,088 | -1,319,715 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 139,843 | 172,289 | 201,431 | 287,352 | 788,984 | 1,710,023 | 2,477,763 | 1,804,890 | 561,978 | 440,308 | 465,613 | 1,007,849 | 133,366 | 6,705 |
| Intangible Assets | 408,629 | 352,666 | 344,652 | 305,929 | 271,442 | 270,423 | 283,729 | 274,433 | 361,582 | 338,883 | 323,958 | 222,977 | 187,097 | 157,253 |
| Investments & Other | 123,647 | 2 | 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 | 672,119 | 524,957 | 546,083 | 593,281 | 1,060,426 | 1,980,446 | 2,761,492 | 2,079,323 | 923,560 | 779,191 | 789,571 | 1,230,826 | 320,463 | 163,958 |
| Stock & work in progress | 0 | 111,222 | 121,739 | 281,413 | 356,673 | 331,444 | 474,437 | 629,952 | 566,954 | 20,347 | 92,608 | 0 | 0 | 0 |
| Trade Debtors | 157,922 | 71,642 | 53,740 | 27,070 | 24,239 | 131,688 | 34,719 | 29,117 | 120,691 | 12,240 | 28,141 | 116,660 | 60,890 | 178,301 |
| Group Debtors | 99,617 | 10,143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,183 | 0 | 0 | 0 |
| Misc Debtors | 160,365 | 537,198 | 594,172 | 649,044 | 736,448 | 852,714 | 1,459,132 | 743,627 | 930,006 | 403,282 | 654,041 | 511,583 | 341,475 | 155,846 |
| Cash | 444,609 | 872,443 | 77,229 | 86,965 | 2,087,437 | 4,768,381 | 248,878 | 475,342 | 1,376,636 | 1,855,075 | 3,804,039 | 4,315,433 | 3,699,155 | 2,267,929 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 862,513 | 1,602,648 | 846,880 | 1,044,492 | 3,204,797 | 6,084,227 | 2,217,166 | 1,878,038 | 2,994,287 | 2,290,944 | 4,629,012 | 4,943,676 | 4,101,520 | 2,602,076 |
| total assets | 1,534,632 | 2,127,605 | 1,392,963 | 1,637,773 | 4,265,223 | 8,064,673 | 4,978,658 | 3,957,361 | 3,917,847 | 3,070,135 | 5,418,583 | 6,174,502 | 4,421,983 | 2,766,034 |
| Bank overdraft | 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 |
| Trade Creditors | 109,006 | 122,169 | 207,131 | 187,026 | 364,623 | 270,608 | 551,977 | 666,443 | 530,579 | 117,965 | 372,041 | 589,501 | 343,975 | 362,880 |
| Group/Directors Accounts | 4,897,053 | 1,855,928 | 2,710,000 | 910,000 | 0 | 0 | 0 | 3,526,533 | 2,419,987 | 1,566,982 | 992,113 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 239,987 | 17,188 | 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 | 503,459 | 363,419 | 332,822 | 270,355 | 290,226 | 822,617 | 1,162,672 | 831,104 | 691,539 | 856,964 | 714,736 | 1,576,199 | 478,461 | 338,547 |
| total current liabilities | 5,509,518 | 2,341,516 | 3,489,940 | 1,384,569 | 654,849 | 1,093,225 | 1,714,649 | 5,024,080 | 3,642,105 | 2,541,911 | 2,078,890 | 2,165,700 | 822,436 | 701,427 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 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 | 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 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,509,518 | 2,341,516 | 3,489,940 | 1,384,569 | 654,849 | 1,093,225 | 1,714,649 | 6,024,080 | 3,642,105 | 2,541,911 | 2,078,890 | 2,165,700 | 822,436 | 701,427 |
| net assets | -3,974,886 | -213,911 | -2,096,977 | 253,204 | 3,610,374 | 6,971,448 | 3,264,009 | -2,066,719 | 275,742 | 528,224 | 3,339,693 | 4,008,802 | 3,599,547 | 2,064,607 |
| total shareholders funds | -3,974,886 | -213,911 | -2,096,977 | 253,204 | 3,610,374 | 6,971,448 | 3,264,009 | -2,066,719 | 275,742 | 528,224 | 3,339,693 | 4,008,802 | 3,599,547 | 2,064,607 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -3,691,505 | -2,549,477 | -2,519,239 | -3,750,923 | -3,750,614 | -6,706,641 | -7,704,417 | -6,190,210 | -5,090,947 | -4,119,445 | -4,929,629 | -3,455,941 | -2,023,016 | -1,339,421 |
| Depreciation | 41,276 | 40,311 | 60,794 | 257,470 | 475,657 | 765,872 | 496,792 | 190,835 | 145,021 | 115,819 | 185,305 | 110,306 | 16,139 | 2,235 |
| Amortisation | 30,684 | 27,249 | 24,218 | 21,607 | 19,574 | 23,306 | 17,250 | 24,580 | 22,839 | 20,562 | 17,009 | 24,758 | 20,789 | 17,471 |
| Tax | 0 | -15,827 | 393,160 | 408,194 | 379,506 | 386,500 | 799,924 | -12,146 | 216,096 | 103,683 | 170,982 | 190,101 | 208,103 | 113,720 |
| Stock | -111,222 | -10,517 | -159,674 | -75,260 | 25,229 | -142,993 | -155,515 | 62,998 | 546,607 | -72,261 | 92,608 | 0 | 0 | 0 |
| Debtors | -201,079 | -28,929 | -28,202 | -84,573 | -223,715 | -509,449 | 721,107 | -277,953 | 635,175 | -316,843 | 104,122 | 225,878 | 68,218 | 334,147 |
| Creditors | -13,163 | -84,962 | 20,105 | -177,597 | 94,015 | -281,369 | -114,466 | 135,864 | 412,614 | -254,076 | -217,460 | 245,526 | -18,905 | 362,880 |
| Accruals and Deferred Income | 140,040 | 30,597 | 62,467 | -19,871 | -532,391 | -340,055 | 331,568 | 139,565 | -165,425 | 142,228 | -861,463 | 1,097,738 | 139,914 | 338,547 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,180,367 | -2,512,663 | -1,770,619 | -3,101,287 | -3,115,767 | -5,499,945 | -6,738,941 | -5,496,557 | -5,641,584 | -3,602,125 | -5,831,986 | -2,013,390 | -1,725,194 | -838,715 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 123,645 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,041,125 | -854,072 | 1,800,000 | 910,000 | 0 | 0 | -3,526,533 | 1,106,546 | 853,005 | 574,869 | 992,113 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -239,987 | 222,799 | 17,188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -1,000,000 | 1,000,000 | 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 | -69,470 | -3,239 | -224,104 | -14,441 | 10,035 | 0 | -1,938,235 | -1,152,853 | -892,144 | -716,866 | -496,305 | -343,721 | -125,639 | 1,442 |
| cash flow from financing | 2,971,655 | 3,354,311 | 1,798,697 | 912,747 | 10,034 | 10,027,580 | 7,708,688 | 5,966,441 | 5,475,374 | 1,779,162 | 5,081,651 | 3,675,095 | 3,349,853 | 3,290,308 |
| cash and cash equivalents | ||||||||||||||
| cash | -427,834 | 795,214 | -9,736 | -2,000,472 | -2,680,944 | 4,519,503 | -226,464 | -901,294 | -478,439 | -1,948,964 | -511,394 | 616,278 | 1,431,226 | 2,267,929 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -427,834 | 795,214 | -9,736 | -2,000,472 | -2,680,944 | 4,519,503 | -226,464 | -901,294 | -478,439 | -1,948,964 | -511,394 | 616,278 | 1,431,226 | 2,267,929 |
open energi limited Credit Report and Business Information
Open Energi Limited Competitor Analysis
Perform a competitor analysis for open energi limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TW16 area or any other competitors across 12 key performance metrics.
open energi limited Ownership
OPEN ENERGI LIMITED group structure
Open Energi Limited has 1 subsidiary company.
Ultimate parent company
2 parents
OPEN ENERGI LIMITED
03838585
1 subsidiary
open energi limited directors
Open Energi Limited currently has 3 directors. The longest serving directors include Mr Simon Gilbertson (Jul 2021) and Mr Hormoz Ala (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Gilbertson | United Kingdom | 47 years | Jul 2021 | - | Director |
| Mr Hormoz Ala | United Kingdom | 44 years | Mar 2022 | - | Director |
| Mr Andrew Mills | United Kingdom | 40 years | Mar 2024 | - | Director |
P&L
December 2022turnover
371.2k
-34%
operating profit
-3.7m
+45%
gross margin
70.4%
+246.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4m
+17.58%
total assets
1.5m
-0.28%
cash
444.6k
-0.49%
net assets
Total assets minus all liabilities
Similar Companies
open energi limited company details
company number
03838585
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
September 1999
age
25
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
responsiveload limited (October 2012)
responsiveload limited (October 2009)
last accounts submitted
December 2022
address
open energi chertsey road, sunbury on thames, middlesex, TW16 7BP
accountant
-
auditor
DELOITTE LLP
open energi 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 did not find charges/mortgages relating to open energi limited.
open energi limited Companies House Filings - See Documents
| date | description | view/download |
|---|
