Energy Tubes Limited

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energy tubes limited Company Information

Live

MatureSmallLow

Company Number

04749420

Website

www.energytubes.com

Registered Address

energy house bean road, tipton, west midlands, DY4 9AQ

Industry

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Telephone

01902671222

Next Accounts Due

109 days late

Group Structure

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Directors

Michael Finnegan20 Years

Stephen Finnegan20 Years

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Shareholders

michael finnegan 25%

john finnegan 25%

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energy tubes limited Estimated Valuation

£222.5k - £1.1m

The estimated valuation range for energy tubes limited, derived from financial data as of March 2022 and the most recent industry multiples, is between £222.5k to £1.1m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Energy Tubes Limited AI Business Plan

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Energy Tubes Limited is a live company located in west midlands, DY4 9AQ with a Companies House number of 04749420. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in April 2003, it's largest shareholder is michael finnegan with a 25% stake. Energy Tubes Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with low growth in recent years.

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Pomanda's financial health check has awarded Energy Tubes Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £3.3m, make it smaller than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (0.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ENERGY TUBES LIMITED group structure

Energy Tubes Limited has no subsidiary companies.

Ultimate parent company

ENERGY TUBES LIMITED

04749420

ENERGY TUBES LIMITED Shareholders

michael finnegan	25%
john finnegan	25%
stephen finnegan	25%
peter fennell	25%

Energy Tubes Limited currently has 5 directors. The longest serving directors include Mr Michael Finnegan (Jan 2004) and Mr Stephen Finnegan (Jan 2004).

officer	age	start	end	role
Mr Michael Finnegan	69 years	Jan 2004	-	Director
Mr Stephen Finnegan	68 years	Jan 2004	-	Director
Mr John Finnegan	61 years	Jan 2004	-	Director
Mr Stephen Finnegan	48 years	Jul 2023	-	Director
Mrs Paula Williams	40 years	Jul 2023	-	Director

EXPORT

Energy Tubes Limited's latest turnover from March 2022 is estimated at £3.3 million and the company has net assets of £304.1 thousand. According to their latest financial statements, Energy Tubes Limited has 15 employees and maintains cash reserves of £20.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,318,150	2,413,083	2,795,141	3,136,881	3,132,285	2,628,620	2,828,636	3,820,806	3,719,007	3,530,291	3,886,326	3,271,948	3,038,816
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,566,203	1,982,584	2,301,542	2,621,814	2,576,465	2,105,649	2,217,173	2,994,867	2,828,192	2,645,578	2,966,352	2,499,036	2,268,138
Gross Profit	751,947	430,498	493,599	515,067	555,820	522,972	611,463	825,939	890,815	884,713	919,974	772,912	770,678
Admin Expenses	721,876	500,319	494,095	527,871	549,779	547,351	689,590	884,560	885,748	959,349	844,109	725,502	187,735
Operating Profit	30,071	-69,821	-496	-12,804	6,041	-24,379	-78,127	-58,621	5,067	-74,636	75,865	47,410	582,943
Interest Payable	15,670	12,536	16,401	16,219	12,441	7,601	2,668	0	0	0	2,777	4,541	1,764
Interest Receivable	552	69	34	422	219	68	170	368	523	413	376	386	154
Pre-Tax Profit	14,953	-82,288	-16,863	-28,601	-6,181	-31,912	-80,625	-58,253	5,591	-74,223	73,464	43,256	581,333
Tax	-2,841	0	0	0	0	0	0	0	-1,286	0	-19,101	-12,112	-162,773
Profit After Tax	12,112	-82,288	-16,863	-28,601	-6,181	-31,912	-80,625	-58,253	4,305	-74,223	54,363	31,144	418,560
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,112	-82,288	-16,863	-28,601	-6,181	-31,912	-80,625	-58,253	4,305	-74,223	54,363	31,144	418,560
Employee Costs	563,713	442,055	727,375	801,339	739,608	678,239	640,600	810,502	729,652	729,340	746,670	842,251	656,498
Number Of Employees	15	12	21	25	23	22	20	25	25	25	25	27	22
EBITDA*	72,108	-33,219	37,591	23,813	43,299	12,003	-27,881	-9,471	51,400	-29,464	118,408	86,807	607,834

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	263,177	226,121	262,723	284,454	314,351	343,832	368,472	390,741	405,430	402,978	420,867	399,020	413,537
Intangible Assets	0	0	0	0	0	0	0	14,844	29,687	44,531	59,375	74,219	89,062
Investments & Other	0	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
Total Fixed Assets	263,177	226,121	262,723	284,454	314,351	343,832	368,472	405,585	435,117	447,509	480,242	473,239	502,599
Stock & work in progress	1,200,405	728,880	695,202	670,967	715,469	654,504	622,475	719,742	691,727	608,267	697,457	505,317	492,645
Trade Debtors	672,149	437,939	373,890	548,318	540,631	592,402	585,974	629,298	650,023	625,884	731,141	634,317	506,424
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	144,260	222,596	236,928	142,942	143,045	65,837	82,504	4,607	5,992	6,039	28,242	0	0
Cash	20,462	126,755	10,752	56,801	55,677	32,016	22,603	45,332	101,753	107,642	57,418	92,842	61,741
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,037,276	1,516,170	1,316,772	1,419,028	1,454,822	1,344,759	1,313,556	1,398,979	1,449,495	1,347,832	1,514,258	1,232,476	1,060,810
total assets	2,300,453	1,742,291	1,579,495	1,703,482	1,769,173	1,688,591	1,682,028	1,804,564	1,884,612	1,795,341	1,994,500	1,705,715	1,563,409
Bank overdraft	332,117	132,184	278,833	121,636	55,304	0	82,096	0	0	0	0	85,440	54,271
Bank loan	0	0	0	137,264	166,365	161,142	0	0	0	0	0	0	0
Trade Creditors	691,270	407,480	451,492	431,799	542,588	394,087	503,163	1,118,934	1,112,532	1,013,795	1,150,302	881,387	786,722
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	11,680	5,500	3,000	0	0	0	3,468	0	0	0	0	0	0
other current liabilities	726,639	654,907	427,382	553,567	493,995	594,261	500,752	0	0	0	0	0	0
total current liabilities	1,761,706	1,200,071	1,160,707	1,244,266	1,258,252	1,149,490	1,089,479	1,118,934	1,112,532	1,013,795	1,150,302	966,827	840,993
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	29,070	0	5,500	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
other liabilities	145,833	208,333	0	0	0	0	0	525	21,832	34,297	57,746	0	0
provisions	59,778	41,933	48,661	46,986	57,857	63,048	70,768	16,173	17,143	15,010	22,000	20,000	24,000
total long term liabilities	234,681	250,266	54,161	46,986	57,857	63,048	70,768	16,698	38,975	49,307	79,746	20,000	24,000
total liabilities	1,996,387	1,450,337	1,214,868	1,291,252	1,316,109	1,212,538	1,160,247	1,135,632	1,151,507	1,063,102	1,230,048	986,827	864,993
net assets	304,066	291,954	364,627	412,230	453,064	476,053	521,781	668,932	733,105	732,239	764,452	718,888	698,416
total shareholders funds	304,066	291,954	364,627	412,230	453,064	476,053	521,781	668,932	733,105	732,239	764,452	718,888	698,416

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	30,071	-69,821	-496	-12,804	6,041	-24,379	-78,127	-58,621	5,067	-74,636	75,865	47,410	582,943
Depreciation	42,037	36,602	38,087	36,617	37,258	36,382	35,402	34,307	31,489	30,328	27,699	24,554	10,047
Amortisation	0	0	0	0	0	0	14,844	14,843	14,844	14,844	14,844	14,843	14,844
Tax	-2,841	0	0	0	0	0	0	0	-1,286	0	-19,101	-12,112	-162,773
Stock	471,525	33,678	24,235	-44,502	60,965	32,029	-97,267	28,015	83,460	-89,190	192,140	12,672	492,645
Debtors	155,874	49,717	-80,442	7,584	25,437	-10,239	34,573	-22,110	24,092	-127,460	125,066	127,893	506,424
Creditors	283,790	-44,012	19,693	-110,789	148,501	-109,076	-615,771	6,402	98,737	-136,507	268,915	94,665	786,722
Accruals and Deferred Income	71,732	227,525	-126,185	59,572	-100,266	93,509	500,752	0	0	0	0	0	0
Deferred Taxes & Provisions	17,845	-6,728	1,675	-10,871	-5,191	-7,720	54,595	-970	2,133	-6,990	2,000	-4,000	24,000
Cash flow from operations	-184,765	60,171	-11,019	-1,357	-59	-33,074	-25,611	-9,944	43,432	43,689	53,016	24,795	256,714
Investing Activities
capital expenditure	-79,093	0	-16,356	-6,720	-7,777	-11,742	-13,133	-19,618	-33,941	-12,439	-49,546	-10,037	-527,490
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-79,093	0	-16,356	-6,720	-7,777	-11,742	-13,133	-19,618	-33,941	-12,439	-49,546	-10,037	-527,490
Financing Activities
Bank loans	0	0	-137,264	-29,101	5,223	161,142	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	35,250	-3,000	8,500	0	0	-3,468	3,468	0	0	0	0	0	0
other long term liabilities	-62,500	208,333	0	0	0	0	-525	-21,307	-12,465	-23,449	57,746	0	0
share issue	0	9,615	-30,740	-12,233	-16,808	-13,816	-66,526	-5,920	-3,439	42,010	-8,799	-10,672	279,856
interest	-15,118	-12,467	-16,367	-15,797	-12,222	-7,533	-2,498	368	523	413	-2,401	-4,155	-1,610
cash flow from financing	-42,368	202,481	-175,871	-57,131	-23,807	136,325	-66,081	-26,859	-15,381	18,974	46,546	-14,827	278,246
cash and cash equivalents
cash	-106,293	116,003	-46,049	1,124	23,661	9,413	-22,729	-56,421	-5,889	50,224	-35,424	31,101	61,741
overdraft	199,933	-146,649	157,197	66,332	55,304	-82,096	82,096	0	0	0	-85,440	31,169	54,271
change in cash	-306,226	262,652	-203,246	-65,208	-31,643	91,509	-104,825	-56,421	-5,889	50,224	50,016	-68	7,470

P&L

March 2022

turnover

3.3m

+38%

operating profit

30.1k

gross margin

22.7%

+27.03%

turnover

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

Balance Sheet

March 2022

net assets

304.1k

+0.04%

total assets

2.3m

+0.32%

cash

20.5k

-0.84%

net assets

Total assets minus all liabilities

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company number

04749420

Type

Private limited with Share Capital

industry

24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

incorporation date

April 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

etchco 1204 limited (February 2004)

incorporated

address

energy house bean road, tipton, west midlands, DY4 9AQ

last accounts submitted

March 2022

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 6 charges/mortgages relating to energy tubes limited. Currently there are 6 open charges and 0 have been satisfied in the past.

energy tubes limited Company Information

energy tubes limited Estimated Valuation

energy tubes limited Estimated Valuation

energy tubes limited Estimated Valuation

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