Options Electrical Services Limited

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options electrical services limited Company Information

Company Number

04267245

Next Accounts

Apr 2025

Directors

Steven Farrow

Angela Farrow

Shareholders

steven joseph farrow

angela ruth farrow

Group Structure

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Industry

Electrical installation

Registered Address

117 memorial road, hanham, bristol, BS15 3LA

Website

www.optionselectrical.co.uk

options electrical services limited Estimated Valuation

£158.4k

Pomanda estimates the enterprise value of OPTIONS ELECTRICAL SERVICES LIMITED at £158.4k based on a Turnover of £398k and 0.4x industry multiple (adjusted for size and gross margin).

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Options Electrical Services Limited is a live company located in bristol, BS15 3LA with a Companies House number of 04267245. It operates in the electrical installation sector, SIC Code 43210. Founded in August 2001, it's largest shareholder is steven joseph farrow with a 75% stake. Options Electrical Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £398k with declining growth in recent years.

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Pomanda's financial health check has awarded Options Electrical Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £398k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (7.6%)

EXPORT

Options Electrical Services Limited's latest turnover from July 2023 is estimated at £398 thousand and the company has net assets of -£65.3 thousand. According to their latest financial statements, Options Electrical Services Limited has 5 employees and maintains cash reserves of £21.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	397,977	335,710	648,717	531,590	1,144,492	919,928	518,035	298,409	320,266	377,161	252,669	561,877	275,034	647,035
Other Income Or Grants
Cost Of Sales	292,359	249,703	486,085	396,622	840,923	665,821	373,656	211,618	224,754	262,566	173,554	372,281	175,042	386,704
Gross Profit	105,618	86,007	162,632	134,969	303,569	254,107	144,379	86,791	95,512	114,595	79,115	189,596	99,992	260,331
Admin Expenses	227,582	220,332	77,465	134,321	309,728	130,279	131,524	242,475	-33,546	71,031	86,444	180,896	144,044	276,505	-137,891
Operating Profit	-121,964	-134,325	85,167	648	-6,159	123,828	12,855	-155,684	129,058	43,564	-7,329	8,700	-44,052	-16,174	137,891
Interest Payable	4,969	3,558	1,525
Interest Receivable	1,893	1,181	78	32	434	311	87	548	787	322	258	304	141	238	183
Pre-Tax Profit	-125,040	-136,702	83,720	680	-5,725	124,140	12,942	-155,136	129,845	43,886	-7,071	9,004	-43,911	-15,936	138,074
Tax			-15,907	-129		-23,587	-2,459		-25,969	-9,216		-2,161			-38,661
Profit After Tax	-125,040	-136,702	67,813	551	-5,725	100,553	10,483	-155,136	103,876	34,670	-7,071	6,843	-43,911	-15,936	99,413
Dividends Paid
Retained Profit	-125,040	-136,702	67,813	551	-5,725	100,553	10,483	-155,136	103,876	34,670	-7,071	6,843	-43,911	-15,936	99,413
Employee Costs	209,855	199,834	200,726	236,609	203,932	80,040	119,053	119,051	120,942	116,451	74,210	184,768	108,938	215,774
Number Of Employees	5	5	5	6	5	2	3	3	3	3	2	5	3	6
EBITDA*	-120,095	-131,890	88,186	4,446	-4,050	126,621	16,503	-149,144	137,599	45,990	-4,492	12,236	-39,792	-10,884	144,496

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	6,617	8,486	10,022	12,088	7,136	9,245	12,038	15,686	29,191	11,245	12,747	15,584	18,216	22,067	26,887
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	6,617	8,486	10,022	12,088	7,136	9,245	12,038	15,686	29,191	11,245	12,747	15,584	18,216	22,067	26,887
Stock & work in progress	500	500	50,500	26,917	29,142	35,500	54,510	5,296	12,651	42,584	8,374	20,000	4,325	6,200	2,000
Trade Debtors	70,807	68,627	138,959	98,911	267,852	241,779	52,921	61,786	23,367	8,566	42,582	65,005	41,948	123,727	84,501
Group Debtors
Misc Debtors	7,552	5,952	1,000	1,869	3,759	1,239	6	2,776
Cash	21,437	54,278	134,611	20,913	43,348	72,516	52,027	17,284	202,026	112,660	16,000	87,232	34,288	21,955	73,111
misc current assets
total current assets	100,296	129,357	325,070	148,610	344,101	351,034	159,464	87,142	238,044	163,810	66,956	172,237	80,561	151,882	159,612
total assets	106,913	137,843	335,092	160,698	351,237	360,279	171,502	102,828	267,235	175,055	79,703	187,821	98,777	173,949	186,499
Bank overdraft
Bank loan
Trade Creditors	34,529	13,571	57,847	17,493	137,023	96,640	99,278	30,509	89,349	101,045	40,363	141,410	59,209	90,470	84,574
Group/Directors Accounts	79,640	4,000
other short term finances
hp & lease commitments
other current liabilities	14,612	10,788	28,916	14,593	84,396	128,096	36,623	46,432
total current liabilities	128,781	28,359	86,763	32,086	221,419	224,736	135,901	76,941	89,349	101,045	40,363	141,410	59,209	90,470	84,574
loans	42,192	48,148	50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities															1,730
provisions	1,257	1,613	1,904		1,757	1,757	2,368	3,137							780
total long term liabilities	43,449	49,761	51,904		1,757	1,757	2,368	3,137							2,510
total liabilities	172,230	78,120	138,667	32,086	223,176	226,493	138,269	80,078	89,349	101,045	40,363	141,410	59,209	90,470	87,084
net assets	-65,317	59,723	196,425	128,612	128,061	133,786	33,233	22,750	177,886	74,010	39,340	46,411	39,568	83,479	99,415
total shareholders funds	-65,317	59,723	196,425	128,612	128,061	133,786	33,233	22,750	177,886	74,010	39,340	46,411	39,568	83,479	99,415

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-121,964	-134,325	85,167	648	-6,159	123,828	12,855	-155,684	129,058	43,564	-7,329	8,700	-44,052	-16,174	137,891
Depreciation	1,869	2,435	3,019	3,798	2,109	2,793	3,648	6,540	8,541	2,426	2,837	3,536	4,260	5,290	6,605
Amortisation
Tax			-15,907	-129		-23,587	-2,459		-25,969	-9,216		-2,161			-38,661
Stock		-50,000	23,583	-2,225	-6,358	-19,010	49,214	-7,355	-29,933	34,210	-11,626	15,675	-1,875	4,200	2,000
Debtors	3,780	-65,380	39,179	-170,831	28,593	190,091	-11,635	41,195	14,801	-34,016	-22,423	23,057	-81,779	39,226	84,501
Creditors	20,958	-44,276	40,354	-119,530	40,383	-2,638	68,769	-58,840	-11,696	60,682	-101,047	82,201	-31,261	5,896	84,574
Accruals and Deferred Income	3,824	-18,128	14,323	-69,803	-43,700	91,473	-9,809	46,432
Deferred Taxes & Provisions	-356	-291	1,904	-1,757		-611	-769	3,137						-780	780
Cash flow from operations	-99,449	-79,205	66,098	-13,717	-29,602	20,177	34,656	-192,255	115,066	97,262	-71,490	53,544	12,601	-49,194	104,688
Investing Activities
capital expenditure		-899	-953	-8,750				6,965	-26,487	-924		-904	-409	-470	-33,492
Change in Investments
cash flow from investments		-899	-953	-8,750				6,965	-26,487	-924		-904	-409	-470	-33,492
Financing Activities
Bank loans
Group/Directors Accounts	75,640	4,000
Other Short Term Loans
Long term loans	-5,956	-1,852	50,000
Hire Purchase and Lease Commitments
other long term liabilities														-1,730	1,730
share issue															2
interest	-3,076	-2,377	-1,447	32	434	311	87	548	787	322	258	304	141	238	183
cash flow from financing	66,608	-229	48,553	32	434	311	87	548	787	322	258	304	141	-1,492	1,915
cash and cash equivalents
cash	-32,841	-80,333	113,698	-22,435	-29,168	20,489	34,743	-184,742	89,366	96,660	-71,232	52,944	12,333	-51,156	73,111
overdraft
change in cash	-32,841	-80,333	113,698	-22,435	-29,168	20,489	34,743	-184,742	89,366	96,660	-71,232	52,944	12,333	-51,156	73,111

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPTIONS ELECTRICAL SERVICES LIMITED group structure

Options Electrical Services Limited has no subsidiary companies.

Ultimate parent company

OPTIONS ELECTRICAL SERVICES LIMITED

04267245

OPTIONS ELECTRICAL SERVICES LIMITED Shareholders

steven joseph farrow	75%
angela ruth farrow	25%

Options Electrical Services Limited currently has 2 directors. The longest serving directors include Mr Steven Farrow (Mar 2009) and Ms Angela Farrow (Mar 2009).

officer	country	age	start	end	role
Mr Steven Farrow	United Kingdom	50 years	Mar 2009	-	Director
Ms Angela Farrow	England	77 years	Mar 2009	-	Director

P&L

July 2023

turnover

398k

+19%

operating profit

-122k

gross margin

26.6%

+3.59%

turnover

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

Balance Sheet

July 2023

net assets

-65.3k

-2.09%

total assets

106.9k

-0.22%

cash

21.4k

-0.61%

net assets

Total assets minus all liabilities

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company number

04267245

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

August 2001

ultimate parent company

None

previous names

N/A

address

117 memorial road, hanham, bristol, BS15 3LA

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.

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options electrical services limited Company Information

options electrical services limited Estimated Valuation

options electrical services limited Estimated Valuation

options electrical services limited Estimated Valuation

Options Electrical Services Limited Overview

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OPTIONS ELECTRICAL SERVICES LIMITED financials

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