Wyer Electrical Services Limited

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wyer electrical services limited Company Information

Company Number

04542593

Next Accounts

Aug 2025

Directors

Julian Wyer

Melenie Wyer

Shareholders

julian wyer

melenie wyer

Group Structure

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Industry

Electrical installation

Registered Address

20 wellington road, briston, melton constable, norfolk, NR24 2SE

Website

www.wyerelectrical.co.uk

wyer electrical services limited Estimated Valuation

£451.3k

Pomanda estimates the enterprise value of WYER ELECTRICAL SERVICES LIMITED at £451.3k based on a Turnover of £1.1m and 0.4x industry multiple (adjusted for size and gross margin).

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Wyer Electrical Services Limited is a live company located in melton constable, NR24 2SE with a Companies House number of 04542593. It operates in the electrical installation sector, SIC Code 43210. Founded in September 2002, it's largest shareholder is julian wyer with a 55% stake. Wyer Electrical Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Wyer Electrical Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£1.8m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.6%)

EXPORT

Wyer Electrical Services Limited's latest turnover from November 2023 is estimated at £1.1 million and the company has net assets of £145.5 thousand. According to their latest financial statements, Wyer Electrical Services Limited has 16 employees and maintains cash reserves of £8.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	1,140,297	1,087,859	908,795	891,910	1,029,491	929,598	774,854	788,723	1,357,032	983,251	913,351	1,115,065	773,455	779,197
Other Income Or Grants
Cost Of Sales	842,313	815,001	681,388	665,706	765,705	674,269	555,558	561,345	961,585	686,294	638,598	738,804	510,368	483,741
Gross Profit	297,984	272,858	227,407	226,204	263,786	255,329	219,296	227,378	395,447	296,958	274,752	376,261	263,087	295,456
Admin Expenses	265,819	172,101	193,047	270,052	279,416	184,585	222,946	208,775	378,873	242,124	278,682	332,620	250,694	315,050	24,473
Operating Profit	32,165	100,757	34,360	-43,848	-15,630	70,744	-3,650	18,603	16,574	54,834	-3,930	43,641	12,393	-19,594	-24,473
Interest Payable	5,415	7,403	5,543	6,152	7,247	7,100	7,386	3,876				2,817	2,817
Interest Receivable	229			4	27		6	3				1	2	2	1
Pre-Tax Profit	26,979	93,354	28,817	-49,997	-22,850	63,644	-11,029	14,730	16,574	54,834	-3,930	40,825	9,577	-19,592	-24,472
Tax	-6,745	-17,737	-5,475			-12,092		-2,946	-3,315	-11,515		-9,798	-2,490
Profit After Tax	20,234	75,617	23,342	-49,997	-22,850	51,552	-11,029	11,784	13,259	43,319	-3,930	31,027	7,087	-19,592	-24,472
Dividends Paid
Retained Profit	20,234	75,617	23,342	-49,997	-22,850	51,552	-11,029	11,784	13,259	43,319	-3,930	31,027	7,087	-19,592	-24,472
Employee Costs	701,629	655,187	644,248	629,463	522,962	533,493	508,570	517,677	398,171	274,557	259,980	295,978	256,968	250,951
Number Of Employees	16	16	16	16	13	13	13	13	10	7	7	8	7	7
EBITDA*	35,574	102,552	40,401	-37,728	-13,729	72,838	-875	21,970	21,041	60,763	4,414	54,366	32,801	1,513	-3,924

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	10,352	13,761	18,298	18,564	5,941	6,565	8,657	10,493	13,862	18,329	25,670	32,923	20,154	22,409	20,915
Intangible Assets														13,984	27,967
Investments & Other
Debtors (Due After 1 year)			20,239	24,658	19,155	18,900	18,900	17,974	22,612	24,482	22,416	21,107	18,703	14,349
Total Fixed Assets	10,352	13,761	38,537	43,222	25,096	25,465	27,557	28,467	36,474	42,811	48,086	54,030	38,857	50,742	48,882
Stock & work in progress	90,000	76,493	68,723	60,652	89,984	75,000	81,684	10,000	10,000	10,000	10,000	10,000	10,000	8,000	27,500
Trade Debtors	115,406	143,527	116,717	93,215	121,046	106,846	52,456	110,338	254,768	197,889	171,611	208,489	139,565	104,399	43,513
Group Debtors
Misc Debtors	71,362	101,878	56,656	60,831	74,735	97,616	72,994	138,454							21,956
Cash	8,723		25	25	7,276	50		2,500					424	308	331
misc current assets	23,820
total current assets	309,311	321,898	242,121	214,723	293,041	279,512	207,134	261,292	264,768	207,889	181,611	218,489	149,989	112,707	93,300
total assets	319,663	335,659	280,658	257,945	318,137	304,977	234,691	289,759	301,242	250,700	229,697	272,519	188,846	163,449	142,182
Bank overdraft		47,930	21,932	15,307	51,063	48,678	40,029	49,187					86,688
Bank loan			12,401	15,578	12,099	9,657	9,657	9,657
Trade Creditors	60,317	50,444	57,193	37,012	69,385	51,431	51,176	45,120	193,536	142,708	149,803	172,112	126,268	204,396	166,315
Group/Directors Accounts
other short term finances			14,917	13,879	29,456	19,983	13,879	15,323
hp & lease commitments	4,631	4,631	4,632	4,631				208					8,782
other current liabilities	84,264	67,648	65,187	75,819	64,526	46,919	32,125	61,026
total current liabilities	149,212	170,653	176,262	162,226	226,529	176,668	146,866	180,521	193,536	142,708	149,803	172,112	221,738	204,396	166,315
loans	19,334	29,000	38,333	49,377	14,955	28,837	39,647	49,867
hp & lease commitments	3,415	7,760	12,391	17,022
Accruals and Deferred Income
other liabilities									59,733	72,786	87,500	103,275	3,139	3,067
provisions	2,251	3,029	4,072	3,062	398	367	625	789	1,175	1,717	2,224	3,032	896		289
total long term liabilities	25,000	39,789	54,796	69,461	15,353	29,204	40,272	50,656	60,908	74,503	89,724	106,307	4,035	3,067	289
total liabilities	174,212	210,442	231,058	231,687	241,882	205,872	187,138	231,177	254,444	217,211	239,527	278,419	225,773	207,463	166,604
net assets	145,451	125,217	49,600	26,258	76,255	99,105	47,553	58,582	46,798	33,489	-9,830	-5,900	-36,927	-44,014	-24,422
total shareholders funds	145,451	125,217	49,600	26,258	76,255	99,105	47,553	58,582	46,798	33,489	-9,830	-5,900	-36,927	-44,014	-24,422

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	32,165	100,757	34,360	-43,848	-15,630	70,744	-3,650	18,603	16,574	54,834	-3,930	43,641	12,393	-19,594	-24,473
Depreciation	3,409	1,795	6,041	6,120	1,901	2,094	2,775	3,367	4,467	5,929	8,344	10,725	6,424	7,124	6,566
Amortisation													13,984	13,983	13,983
Tax	-6,745	-17,737	-5,475			-12,092		-2,946	-3,315	-11,515		-9,798	-2,490
Stock	13,507	7,770	8,071	-29,332	14,984	-6,684	71,684						2,000	-19,500	27,500
Debtors	-58,637	51,793	14,908	-36,232	-8,426	79,012	-122,416	-10,614	55,009	28,344	-35,569	71,328	39,520	53,279	65,469
Creditors	9,873	-6,749	20,181	-32,373	17,954	255	6,056	-148,416	50,828	-7,095	-22,309	45,844	-78,128	38,081	166,315
Accruals and Deferred Income	16,616	2,461	-10,632	11,293	17,607	14,794	-28,901	61,026
Deferred Taxes & Provisions	-778	-1,043	1,010	2,664	31	-258	-164	-386	-542	-507	-808	2,136	896	-289	289
Cash flow from operations	99,670	19,921	22,506	9,420	15,305	3,209	26,848	-58,138	13,003	13,302	16,866	21,220	-88,441	5,526	69,711
Investing Activities
capital expenditure		2,742	-5,775	-18,743	-1,277	-2	-939	2		1,412	-1,091	-23,494	-4,169	-8,618	-69,431
Change in Investments
cash flow from investments		2,742	-5,775	-18,743	-1,277	-2	-939	2		1,412	-1,091	-23,494	-4,169	-8,618	-69,431
Financing Activities
Bank loans		-12,401	-3,177	3,479	2,442			9,657
Group/Directors Accounts
Other Short Term Loans		-14,917	1,038	-15,577	9,473	6,104	-1,444	15,323
Long term loans	-9,666	-9,333	-11,044	34,422	-13,882	-10,810	-10,220	49,867
Hire Purchase and Lease Commitments	-4,345	-4,632	-4,630	21,653			-208	208				-8,782	8,782
other long term liabilities								-59,733	-13,053	-14,714	-15,775	100,136	72	3,067
share issue									50						50
interest	-5,186	-7,403	-5,543	-6,148	-7,220	-7,100	-7,380	-3,873				-2,816	-2,815	2	1
cash flow from financing	-19,197	-48,686	-23,356	37,829	-9,187	-11,806	-19,252	11,449	-13,003	-14,714	-15,775	88,538	6,039	3,069	51
cash and cash equivalents
cash	8,723	-25		-7,251	7,226	50	-2,500	2,500				-424	116	-23	331
overdraft	-47,930	25,998	6,625	-35,756	2,385	8,649	-9,158	49,187				-86,688	86,688
change in cash	56,653	-26,023	-6,625	28,505	4,841	-8,599	6,658	-46,687				86,264	-86,572	-23	331

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WYER ELECTRICAL SERVICES LIMITED group structure

Wyer Electrical Services Limited has no subsidiary companies.

Ultimate parent company

WYER ELECTRICAL SERVICES LIMITED

04542593

WYER ELECTRICAL SERVICES LIMITED Shareholders

julian wyer	55%
melenie wyer	45%

Wyer Electrical Services Limited currently has 2 directors. The longest serving directors include Mr Julian Wyer (Sep 2002) and Mrs Melenie Wyer (Aug 2015).

officer	country	age	start	end	role
Mr Julian Wyer		53 years	Sep 2002	-	Director
Mrs Melenie Wyer	England	53 years	Aug 2015	-	Director

P&L

November 2023

turnover

1.1m

+5%

operating profit

32.2k

gross margin

26.2%

+4.19%

turnover

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

Balance Sheet

November 2023

net assets

145.5k

+0.16%

total assets

319.7k

-0.05%

cash

8.7k

net assets

Total assets minus all liabilities

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company number

04542593

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

September 2002

ultimate parent company

None

previous names

N/A

address

20 wellington road, briston, melton constable, norfolk, NR24 2SE

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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wyer electrical services limited Company Information

wyer electrical services limited Estimated Valuation

wyer electrical services limited Estimated Valuation

wyer electrical services limited Estimated Valuation

Wyer Electrical Services Limited Overview

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