Absolute Electrical Services Ltd

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absolute electrical services ltd Company Information

Company Number

04431064

Next Accounts

Feb 2026

Directors

Trevor Luff

Kelvin Tongs

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Shareholders

tracey joy luff

kelvin richard tongs

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Group Structure

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Industry

Electrical installation

Registered Address

unit 1a fernacre business park, budds lane, romsey, SO51 0HA

Website

www.youraes.com

absolute electrical services ltd Estimated Valuation

£387.1k

Pomanda estimates the enterprise value of ABSOLUTE ELECTRICAL SERVICES LTD at £387.1k based on Net Assets of £158.1k and 2.45x industry multiple (adjusted for liquidity).

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Absolute Electrical Services Ltd is a live company located in romsey, SO51 0HA with a Companies House number of 04431064. It operates in the electrical installation sector, SIC Code 43210. Founded in May 2002, it's largest shareholder is tracey joy luff with a 25% stake. Absolute Electrical Services Ltd is a mature, small sized company, Pomanda has estimated its turnover at £540.6k with low growth in recent years.

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Pomanda's financial health check has awarded Absolute Electrical Services Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £540.6k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (13%)

EXPORT

Absolute Electrical Services Ltd's latest turnover from May 2024 is estimated at £540.6 thousand and the company has net assets of £158.1 thousand. According to their latest financial statements, Absolute Electrical Services Ltd has 7 employees and maintains cash reserves of £113.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	540,567	481,072	628,457	502,367	472,751	935,572	901,879	847,586	758,820	854,780	606,248	607,686	437,970	359,116	288,680
Other Income Or Grants
Cost Of Sales	402,003	356,020	468,674	377,109	353,552	691,077	648,192	607,840	539,715	600,714	423,772	418,620	295,485	225,694	174,226
Gross Profit	138,563	125,051	159,784	125,258	119,200	244,496	253,687	239,746	219,105	254,066	182,476	189,066	142,485	133,422	114,454
Admin Expenses	106,525	137,377	180,659	66,586	142,816	250,341	266,312	194,090	204,178	198,770	159,643	149,635	131,470	131,859	114,361
Operating Profit	32,038	-12,326	-20,875	58,672	-23,616	-5,845	-12,625	45,656	14,927	55,296	22,833	39,431	11,015	1,563	93
Interest Payable							158	303	157
Interest Receivable	5,991	4,193	768	86	64	323	279	145	325	369	239	121	62	21	17
Pre-Tax Profit	38,029	-8,133	-20,107	58,758	-23,552	-5,522	-12,504	45,498	15,095	55,665	23,072	39,552	11,078	1,584	110
Tax	-9,507			-11,164				-8,645	-3,019	-11,133	-4,845	-9,097	-2,659	-412	-31
Profit After Tax	28,522	-8,133	-20,107	47,594	-23,552	-5,522	-12,504	36,853	12,076	44,532	18,227	30,455	8,419	1,172	79
Dividends Paid
Retained Profit	28,522	-8,133	-20,107	47,594	-23,552	-5,522	-12,504	36,853	12,076	44,532	18,227	30,455	8,419	1,172	79
Employee Costs	320,396	294,533	321,756	357,923	401,368	400,644	390,211	391,208	237,635	239,788	193,097	184,528	147,346	142,641	107,533
Number Of Employees	7	7	8	9	10	10	10	10	6	6	5	5	4	4	3
EBITDA*	58,419	10,990	26,776	104,039	8,822	28,204	17,698	48,055	36,703	72,119	34,851	48,607	22,670	10,750	7,732

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	95,446	69,947	93,263	129,027	101,755	114,417	107,395	96,200	86,167	78,818	61,712	27,528	34,967	27,560	22,916
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	95,446	69,947	93,263	129,027	101,755	114,417	107,395	96,200	86,167	78,818	61,712	27,528	34,967	27,560	22,916
Stock & work in progress	6,000	10,000	8,000	5,000	3,000	10,000	15,000	5,000	2,500	2,500	250	250	250	250	250
Trade Debtors	87,275	84,541	130,633	109,536	48,645	188,147	166,927	181,718	164,878	166,608	106,400	107,518	65,583	60,125	44,362
Group Debtors
Misc Debtors	7,686	2,733	10,392	7,514	18,276	17,948	17,053	18,158	25,488			12,095	15,347	4,823	4,465
Cash	113,466	114,780	71,594	81,909	90,794	37,073	49,118	62,614	52,989	77,064	70,497	25,097	23,397	1,516	6,767
misc current assets
total current assets	214,427	212,054	220,619	203,959	160,715	253,168	248,098	267,490	245,855	246,172	177,147	144,960	104,577	66,714	55,844
total assets	309,873	282,001	313,882	332,986	262,470	367,585	355,493	363,690	332,022	324,990	238,859	172,488	139,544	94,274	78,760
Bank overdraft
Bank loan
Trade Creditors	31,029	20,796	39,352	27,321	44,241	95,909	103,330	62,106	81,529	147,759	128,799	117,483	103,122	76,174	64,462
Group/Directors Accounts								317	214
other short term finances								4,860	4,824
hp & lease commitments	6,355	16,863	20,067	33,434	27,867	25,149	26,235	29,287	26,785
other current liabilities	96,436	92,048	77,173	44,343	43,484	62,239	54,239	59,442	43,604
total current liabilities	133,820	129,707	136,592	105,098	115,592	183,297	183,804	156,012	156,956	147,759	128,799	117,483	103,122	76,174	64,462
loans
hp & lease commitments		4,763	21,626	45,540	17,216	30,973	12,852	36,950	43,198					11,334
Accruals and Deferred Income
other liabilities										58,579	39,362	9,370	19,755		9,403
provisions	17,938	17,938	17,938	24,515	19,423	19,524	19,524	18,911	16,904	15,764	12,342	5,506	6,993	5,511	4,812
total long term liabilities	17,938	22,701	39,564	70,055	36,639	50,497	32,376	55,861	60,102	74,343	51,704	14,876	26,748	16,845	14,215
total liabilities	151,758	152,408	176,156	175,153	152,231	233,794	216,180	211,873	217,058	222,102	180,503	132,359	129,870	93,019	78,677
net assets	158,115	129,593	137,726	157,833	110,239	133,791	139,313	151,817	114,964	102,888	58,356	40,129	9,674	1,255	83
total shareholders funds	158,115	129,593	137,726	157,833	110,239	133,791	139,313	151,817	114,964	102,888	58,356	40,129	9,674	1,255	83

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	32,038	-12,326	-20,875	58,672	-23,616	-5,845	-12,625	45,656	14,927	55,296	22,833	39,431	11,015	1,563	93
Depreciation	26,381	23,316	47,651	45,367	32,438	34,049	30,323	2,399	21,776	16,823	12,018	9,176	11,655	9,187	7,639
Amortisation
Tax	-9,507			-11,164				-8,645	-3,019	-11,133	-4,845	-9,097	-2,659	-412	-31
Stock	-4,000	2,000	3,000	2,000	-7,000	-5,000	10,000	2,500		2,250					250
Debtors	7,687	-53,751	23,975	50,129	-139,174	22,115	-15,896	9,510	23,758	60,208	-13,213	38,683	15,982	16,121	48,827
Creditors	10,233	-18,556	12,031	-16,920	-51,668	-7,421	41,224	-19,423	-66,230	18,960	11,316	14,361	26,948	11,712	64,462
Accruals and Deferred Income	4,388	14,875	32,830	859	-18,755	8,000	-5,203	15,838	43,604
Deferred Taxes & Provisions			-6,577	5,092	-101		613	2,007	1,140	3,422	6,836	-1,487	1,482	699	4,812
Cash flow from operations	59,846	59,060	38,085	29,777	84,472	11,668	60,228	25,822	-11,560	20,910	61,371	13,701	32,459	6,628	27,898
Investing Activities
capital expenditure	-51,880		-11,887	-72,639	-19,776	-41,071	-41,518	-12,432	-29,125	-33,929	-46,202	-1,737	-19,062	-13,831	-30,555
Change in Investments
cash flow from investments	-51,880		-11,887	-72,639	-19,776	-41,071	-41,518	-12,432	-29,125	-33,929	-46,202	-1,737	-19,062	-13,831	-30,555
Financing Activities
Bank loans
Group/Directors Accounts							-317	103	214
Other Short Term Loans							-4,860	36	4,824
Long term loans
Hire Purchase and Lease Commitments	-15,271	-20,067	-37,281	33,891	-11,039	17,035	-27,150	-3,746	69,983				-11,334	11,334
other long term liabilities									-58,579	19,217	29,992	-10,385	19,755	-9,403	9,403
share issue															4
interest	5,991	4,193	768	86	64	323	121	-158	168	369	239	121	62	21	17
cash flow from financing	-9,280	-15,874	-36,513	33,977	-10,975	17,358	-32,206	-3,765	16,610	19,586	30,231	-10,264	8,483	1,952	9,424
cash and cash equivalents
cash	-1,314	43,186	-10,315	-8,885	53,721	-12,045	-13,496	9,625	-24,075	6,567	45,400	1,700	21,881	-5,251	6,767
overdraft
change in cash	-1,314	43,186	-10,315	-8,885	53,721	-12,045	-13,496	9,625	-24,075	6,567	45,400	1,700	21,881	-5,251	6,767

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABSOLUTE ELECTRICAL SERVICES LTD group structure

Absolute Electrical Services Ltd has no subsidiary companies.

Ultimate parent company

ABSOLUTE ELECTRICAL SERVICES LTD

04431064

ABSOLUTE ELECTRICAL SERVICES LTD Shareholders

tracey joy luff	25%
kelvin richard tongs	25%
trevor brian luff	25%
lynne diane tongs	25%

Absolute Electrical Services Ltd currently has 4 directors. The longest serving directors include Mr Trevor Luff (May 2002) and Mr Kelvin Tongs (May 2002).

officer	country	age	start	end	role
Mr Trevor Luff	England	59 years	May 2002	-	Director
Mr Kelvin Tongs	United Kingdom	55 years	May 2002	-	Director
Lynne Tongs	United Kingdom	55 years	May 2002	-	Director
Ms Tracey Luff	England	56 years	May 2002	-	Director

P&L

May 2024

turnover

540.6k

+12%

operating profit

32k

gross margin

25.7%

-1.39%

turnover

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

Balance Sheet

May 2024

net assets

158.1k

+0.22%

total assets

309.9k

+0.1%

cash

113.5k

-0.01%

net assets

Total assets minus all liabilities

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company number

04431064

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

May 2002

ultimate parent company

None

previous names

N/A

address

unit 1a fernacre business park, budds lane, romsey, SO51 0HA

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absolute electrical services ltd Company Information

absolute electrical services ltd Estimated Valuation

absolute electrical services ltd Estimated Valuation

absolute electrical services ltd Estimated Valuation

Absolute Electrical Services Ltd Overview

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ABSOLUTE ELECTRICAL SERVICES LTD financials

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