good energy limited

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good energy limited Company Information

Share GOOD ENERGY LIMITED

Company Number

03899612

Shareholders

good energy group plc

Group Structure

View All

Industry

Trade of electricity

 

Registered Address

good energy, monkton park office, monkton park, chippenham, wiltshire, SN15 1GH

good energy limited Estimated Valuation

£644.3m

Pomanda estimates the enterprise value of GOOD ENERGY LIMITED at £644.3m based on a Turnover of £210.3m and 3.06x industry multiple (adjusted for size and gross margin).

good energy limited Estimated Valuation

£192.1m

Pomanda estimates the enterprise value of GOOD ENERGY LIMITED at £192.1m based on an EBITDA of £20.2m and a 9.51x industry multiple (adjusted for size and gross margin).

good energy limited Estimated Valuation

£66.4m

Pomanda estimates the enterprise value of GOOD ENERGY LIMITED at £66.4m based on Net Assets of £24.5m and 2.71x industry multiple (adjusted for liquidity).

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Good Energy Limited Overview

Good Energy Limited is a live company located in chippenham, SN15 1GH with a Companies House number of 03899612. It operates in the trade of electricity sector, SIC Code 35140. Founded in December 1999, it's largest shareholder is good energy group plc with a 100% stake. Good Energy Limited is a mature, mega sized company, Pomanda has estimated its turnover at £210.3m with high growth in recent years.

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Good Energy Limited Health Check

Pomanda's financial health check has awarded Good Energy Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £210.3m, make it larger than the average company (£25.8m)

£210.3m - Good Energy Limited

£25.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a similar rate (31.6%)

27% - Good Energy Limited

31.6% - Industry AVG

production

Production

with a gross margin of 22.1%, this company has a lower cost of product (17.5%)

22.1% - Good Energy Limited

17.5% - Industry AVG

profitability

Profitability

an operating margin of 9.3% make it more profitable than the average company (4.3%)

9.3% - Good Energy Limited

4.3% - Industry AVG

employees

Employees

with 235 employees, this is above the industry average (29)

235 - Good Energy Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.3k, the company has an equivalent pay structure (£54.8k)

£54.3k - Good Energy Limited

£54.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £895k, this is equally as efficient (£994.9k)

£895k - Good Energy Limited

£994.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 13 days, this is earlier than average (23 days)

13 days - Good Energy Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (10 days)

3 days - Good Energy Limited

10 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 24 days, this is more than average (12 days)

24 days - Good Energy Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (8 weeks)

34 weeks - Good Energy Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 73.7%, this is a lower level of debt than the average (88.6%)

73.7% - Good Energy Limited

88.6% - Industry AVG

GOOD ENERGY LIMITED financials

EXPORTms excel logo

Good Energy Limited's latest turnover from December 2023 is £210.3 million and the company has net assets of £24.5 million. According to their latest financial statements, Good Energy Limited has 235 employees and maintains cash reserves of £44.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover210,331,642211,289,349121,910,304102,852,15095,135,91485,069,39873,893,47161,227,01844,094,20734,136,00927,316,47223,124,95118,175,64317,829,84917,070,630
Other Income Or Grants
Cost Of Sales163,873,545190,663,808109,960,87384,212,87376,142,77265,266,20956,331,01245,298,15230,079,12823,515,27518,391,91015,809,51611,694,28812,451,93612,851,015
Gross Profit46,458,09720,625,54111,949,43118,639,27718,993,14219,803,18917,562,45915,928,86614,015,07910,620,7348,924,5627,315,4356,481,3555,377,9134,219,615
Admin Expenses26,926,70218,186,84314,081,23615,484,48516,748,26416,419,56916,094,71913,466,71810,744,23411,521,2856,672,4704,949,5095,362,7564,475,6163,254,407
Operating Profit19,531,3952,438,698-2,131,8053,154,7922,244,8783,383,6201,467,7402,462,1483,270,845-900,5512,252,0922,365,9261,118,599902,297965,208
Interest Payable84,93854,70766,88758,86949,9023,90534,3666,56718,77260,94421,28929,96435,05410,06211,680
Interest Receivable418,92214,94521116,41877,59716,1642,262146,555136,59226,845170,48033,78518,42441,63311,746
Pre-Tax Profit19,865,3792,398,936-2,198,4813,112,3412,272,5733,395,8791,435,6362,602,1363,388,665-934,6502,401,2832,369,7471,101,969933,868965,274
Tax-2,479,623-83,12312,674-226,516126,738-55,19210,496-558,054-139,250288,576-514,356-444,162-254,969-70,106-171,643
Profit After Tax17,385,7562,315,813-2,185,8072,885,8252,399,3113,340,6871,446,1322,044,0823,249,415-646,0741,886,9271,925,585847,000863,762793,631
Dividends Paid1,500,0002,000,0002,500,0001,200,0006,000,0001,000,000600,000850,000750,000
Retained Profit17,385,7562,315,813-2,185,8071,385,825399,311840,6871,446,132844,082-2,750,585-646,0741,886,927925,585247,00013,76243,631
Employee Costs12,765,1209,930,1946,655,6157,415,0689,649,4329,373,6779,429,5548,328,4226,052,0716,077,4843,552,5522,931,4912,883,1572,321,7601,541,318
Number Of Employees235254277272306296331319276228165130958270
EBITDA*20,195,4223,799,619-639,0764,967,2783,609,3454,393,8702,609,4384,077,0884,240,492-98,0412,926,3482,502,8481,118,5991,210,7961,181,110

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,155,733410,1811,033,972667,804844,874398,262317,337178,049403,774421,235412,893281,69677,442186,248257,167
Intangible Assets823,6341,238,8732,149,2652,731,0713,797,5212,722,9822,344,8312,951,6562,467,8772,675,0832,624,1732,081,1481,376,4441,104,8501,223,179
Investments & Other222222
Debtors (Due After 1 year)
Total Fixed Assets1,979,3671,649,0543,183,2373,398,8754,642,3953,121,2442,662,1683,129,7052,871,6513,096,3203,037,0682,362,8461,453,8881,291,0981,480,346
Stock & work in progress10,861,2108,853,5067,866,30914,476,8489,505,7268,442,1038,950,5952,604,2683,402,6341,787,1032,198,2282,258,7253,177,5762,969,6592,158,684
Trade Debtors7,547,5419,606,93411,756,1847,609,4476,820,2297,846,6418,431,3807,178,6085,480,1864,397,9584,240,9672,217,7622,391,8352,870,0362,224,629
Group Debtors1,085,440526,6275,022,435518,84632,330,9722,428,17983,4749,074,0015,232,111415,762613,269162,692
Misc Debtors26,747,57746,721,73923,252,32917,100,28318,058,73019,330,99218,775,4004,662,4312,329,0911,443,0371,345,637690,111540,774160,384257,010
Cash44,863,76325,651,1888,416,5089,417,8344,308,37512,779,70011,567,9321,133,0001,354,6957,572,56614,914,6787,278,288180,627932,768
misc current assets26,170
total current assets91,105,53191,359,99456,313,76549,123,25871,024,03250,827,61547,808,78124,652,30817,798,71715,200,66422,699,51012,444,8866,706,5746,639,5185,735,783
total assets93,084,89893,009,04859,497,00252,522,13375,666,42753,948,85950,470,94927,782,01320,670,36818,296,98425,736,57814,807,7328,160,4627,930,6167,216,129
Bank overdraft420,781
Bank loan1,000,0013,617,8603,617,8603,617,860
Trade Creditors 1,773,26321,618,7945,656,2309,617,8635,753,0322,426,7061,720,3122,804,8491,389,4471,899,340541,1691,335,294792,884658,9471,344,987
Group/Directors Accounts8,301,90313,035,35313,905,1776,958,20436,386,65914,726,62715,199,8694,741,3093,437,0543,101,30511,993,5343,049,34034,490
other short term finances575,287363,926
hp & lease commitments263,832283,749555,105287,987408,333120,912152,492142,523
other current liabilities57,374,66248,927,06331,207,35226,257,15725,263,99330,149,52424,284,65112,936,8799,719,6147,938,9817,389,0106,344,6683,938,9783,805,5533,252,463
total current liabilities67,713,66083,864,95952,323,86543,121,21167,812,01747,878,14445,186,61824,100,89718,163,97512,939,62620,044,62510,881,7944,908,8754,885,2814,597,450
loans98,742401,821
hp & lease commitments847,3505,957317,495390,194232,109120,912273,404
Accruals and Deferred Income
other liabilities
provisions33,3232,60247,72522,146
total long term liabilities847,3505,957350,818392,796232,10947,725120,912372,146412,894
total liabilities68,561,01083,870,91652,674,68343,514,00768,044,12647,925,86945,186,61824,100,89718,163,97512,939,62620,044,62511,002,7065,281,0215,298,1754,597,450
net assets24,523,8889,138,1326,822,3199,008,1267,622,3016,022,9905,284,3313,681,1162,506,3935,357,3585,691,9533,805,0262,879,4412,632,4412,618,679
total shareholders funds24,523,8889,138,1326,822,3199,008,1267,622,3016,022,9905,284,3313,681,1162,506,3935,357,3585,691,9533,805,0262,879,4412,632,4412,618,679
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit19,531,3952,438,698-2,131,8053,154,7922,244,8783,383,6201,467,7402,462,1483,270,845-900,5512,252,0922,365,9261,118,599902,297965,208
Depreciation522,742623,791579,899500,347605,057143,219133,202244,340267,373238,977145,65365,826118,79097,592
Amortisation141,285737,130912,8301,312,139759,410867,0311,008,4961,370,600702,274563,533528,60371,096189,709118,310
Tax-2,479,623-83,12312,674-226,516126,738-55,19210,496-558,054-139,250288,576-514,356-444,162-254,969-70,106-171,643
Stock2,007,704987,197-6,610,5394,971,1221,063,623-508,4926,346,327-798,3661,615,531-411,125-60,497-918,851207,917810,9752,158,684
Debtors-21,474,74216,824,35214,802,372-31,981,35527,604,1192,315,5586,375,2147,873,6527,200,393254,3912,678,731-440,498-295,318999,3582,644,331
Creditors-19,845,53115,962,564-3,961,6333,864,8313,326,326706,394-1,084,5371,415,402-509,8931,358,171-794,125542,410133,937-686,0401,344,987
Accruals and Deferred Income8,447,59917,719,7114,950,195993,164-4,885,5315,864,87311,347,7723,217,2651,780,633549,9711,044,3422,405,690133,425553,0903,252,463
Deferred Taxes & Provisions-33,32330,7212,602-47,72547,725-22,14622,146
Cash flow from operations25,784,90519,553,899-7,798,95236,611,592-26,538,5899,150,604161,6281,076,415-3,443,9422,255,41143,9756,366,1351,196,247-780,447803,902
Investing Activities
capital expenditure-994,340173,262-1,277,091-568,966-2,885,618-1,469,326-674,161-1,872,994-744,980-861,762-1,348,478-1,045,880-162,788-119,251-1,696,248
Change in Investments-22
cash flow from investments-994,340173,262-1,277,091-568,966-2,885,618-1,469,326-674,161-1,872,994-744,978-861,762-1,348,478-1,045,880-162,788-119,251-1,696,250
Financing Activities
Bank loans-1,000,0011,000,001-3,617,8603,617,860
Group/Directors Accounts-4,733,450-869,8246,946,973-29,428,45521,660,032-473,24210,458,5601,304,255335,749-8,892,2298,944,1943,014,85034,490
Other Short Term Loans -575,287211,361363,926
Long term loans-98,742-303,079401,821
Hire Purchase and Lease Commitments821,476-582,894194,41937,739640,442-120,912-152,492-142,523415,927
other long term liabilities
share issue-2,000,0001,200,000-102,028157,083330,641-100,380311,4792,575,048
interest333,984-39,762-66,676-42,45127,69512,259-32,104139,988117,820-34,099149,1913,821-16,63031,57166
cash flow from financing-5,577,990-2,492,4818,074,717-29,433,16722,952,882-3,969,51010,947,4651,774,8843,971,049-8,735,7618,940,8932,777,406130,708433,3922,575,114
cash and cash equivalents
cash19,212,57517,234,680-1,001,3265,109,459-8,471,3251,211,76810,434,932-221,695-6,217,871-7,342,1127,636,3907,097,661180,627-932,768932,768
overdraft-420,781420,781
change in cash19,212,57517,234,680-1,001,3265,109,459-8,471,3251,211,76810,434,932-221,695-6,217,871-7,342,1127,636,3907,097,661601,408-1,353,549932,768

good energy limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Good Energy Limited Competitor Analysis

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Perform a competitor analysis for good energy limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mega companies, companies in SN15 area or any other competitors across 12 key performance metrics.

good energy limited Ownership

GOOD ENERGY LIMITED group structure

Good Energy Limited has no subsidiary companies.

Ultimate parent company

1 parent

GOOD ENERGY LIMITED

03899612

GOOD ENERGY LIMITED Shareholders

good energy group plc 100%

good energy limited directors

Good Energy Limited currently has 3 directors. The longest serving directors include Mr Rupert Sanderson (Mar 2020) and Mr Nigel Pocklington (May 2021).

officercountryagestartendrole
Mr Rupert SandersonUnited Kingdom54 years Mar 2020- Director
Mr Nigel PocklingtonEngland53 years May 2021- Director
Mrs Francoise WoodwardEngland53 years Oct 2023- Director

P&L

December 2023

turnover

210.3m

0%

operating profit

19.5m

+701%

gross margin

22.1%

+126.27%

turnover

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

Balance Sheet

December 2023

net assets

24.5m

+1.68%

total assets

93.1m

0%

cash

44.9m

+0.75%

net assets

Total assets minus all liabilities

good energy limited company details

company number

03899612

Type

Private limited with Share Capital

industry

35140 - Trade of electricity

incorporation date

December 1999

age

26

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

unit energy limited (January 2004)

wre two limited (June 2000)

accountant

-

auditor

MAZARS LLP

address

good energy, monkton park office, monkton park, chippenham, wiltshire, SN15 1GH

Bank

-

Legal Advisor

-

good energy 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 5 charges/mortgages relating to good energy limited. Currently there are 4 open charges and 1 have been satisfied in the past.

good energy limited Capital Raised & Share Issues BETA

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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good energy limited Companies House Filings - See Documents

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