Stait Electrical Services Limited

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stait electrical services limited Company Information

Live

MatureSmallHealthy

Company Number

04914617

Website

www.staitelectrical.co.uk

Registered Address

suite 11 the business centre, innsworth technology park innswo, gloucester, gloucestershire, GL3 1DL

Industry

Electrical installation

Telephone

01452730301

Next Accounts Due

August 2025

Group Structure

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Directors

Jamie Carrington Stait20 Years

Lindey Carrington Stait20 Years

Shareholders

jamie stephen carrington stait 50%

lindey carrington stait 50%

stait electrical services limited Estimated Valuation

£631.7k

Pomanda estimates the enterprise value of STAIT ELECTRICAL SERVICES LIMITED at £631.7k based on Net Assets of £207.1k and 3.05x industry multiple (adjusted for liquidity).

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Stait Electrical Services Limited is a live company located in gloucester, GL3 1DL with a Companies House number of 04914617. It operates in the electrical installation sector, SIC Code 43210. Founded in September 2003, it's largest shareholder is jamie stephen carrington stait with a 50% stake. Stait Electrical Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £629.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Stait Electrical Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £629.5k, make it smaller than the average company (£838.5k)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.4%)

EXPORT

Stait Electrical Services Limited's latest turnover from November 2023 is estimated at £629.5 thousand and the company has net assets of £207.1 thousand. According to their latest financial statements, Stait Electrical Services Limited has 4 employees and maintains cash reserves of £138.9 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	629,501	404,855	576,968	491,462	603,630	482,899	580,839	536,415	1,072,013	748,104	677,089	592,856	375,331	558,132	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	471,145	303,950	437,018	367,545	451,151	350,269	416,339	381,529	759,623	521,763	473,409	392,807	247,561	346,193	0
Gross Profit	158,356	100,906	139,950	123,917	152,480	132,630	164,501	154,887	312,391	226,341	203,681	200,050	127,770	211,940	0
Admin Expenses	158,937	108,244	155,720	99,191	171,676	133,420	139,320	82,419	271,531	197,179	175,802	193,334	127,566	202,071	-69,581
Operating Profit	-581	-7,338	-15,770	24,726	-19,196	-790	25,181	72,468	40,860	29,162	27,879	6,716	204	9,869	69,581
Interest Payable	0	0	1,525	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,309	4,699	177	176	1,020	1,031	667	283	327	290	277	254	197	116	59
Pre-Tax Profit	7,728	-2,639	-17,118	23,377	-18,176	241	25,848	72,751	41,186	29,452	28,156	6,970	401	9,985	69,640
Tax	-1,932	0	0	-4,442	0	-46	-4,911	-14,550	-8,237	-6,185	-6,476	-1,673	-104	-2,796	-19,499
Profit After Tax	5,796	-2,639	-17,118	18,935	-18,176	195	20,937	58,201	32,949	23,267	21,680	5,297	297	7,189	50,141
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	5,796	-2,639	-17,118	18,935	-18,176	195	20,937	58,201	32,949	23,267	21,680	5,297	297	7,189	50,141
Employee Costs	168,812	157,592	274,648	190,321	156,952	162,739	193,544	199,426	317,673	235,108	185,613	184,328	146,839	180,402	0
Number Of Employees	4	4	7	5	4	4	5	5	8	6	5	5	4	5	0
EBITDA*	8,108	2,379	-6,177	34,379	-8,805	9,424	34,996	82,237	50,497	37,632	35,474	13,715	8,880	18,768	78,352

* 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	6,216	9,610	6,031	9,731	14,236	11,410	16,913	15,677	13,189	16,965	13,869	5,767	4,398	7,686	11,585
Intangible Assets	0	5,000	10,000	15,000	20,000	25,000	30,000	35,000	40,000	45,000	50,000	55,000	60,000	65,000	70,000
Investments & Other	0	0	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	0	0
Total Fixed Assets	6,216	14,610	16,031	24,731	34,236	36,410	46,913	50,677	53,189	61,965	63,869	60,767	64,398	72,686	81,585
Stock & work in progress	400	400	400	400	400	400	400	500	600	500	400	300	250	300	1,200
Trade Debtors	181,470	100,978	166,995	125,741	164,994	130,169	164,625	130,647	190,720	137,683	108,737	91,223	45,380	88,899	31,219
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,274	5,969	8,136	7,713	8,175	10,754	11,215	9,796	0	0	0	0	0	0	0
Cash	138,941	193,404	119,859	233,289	117,899	154,018	120,824	145,976	80,394	50,279	65,545	45,133	56,337	22,522	23,771
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	327,085	300,751	295,390	367,143	291,468	295,341	297,064	286,919	271,714	188,462	174,682	136,656	101,967	111,721	56,190
total assets	333,301	315,361	311,421	391,874	325,704	331,751	343,977	337,596	324,903	250,427	238,551	197,423	166,365	184,407	137,775
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	50,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	26,894	29,999	31,959	32,349	42,728	28,714	23,348	22,026	183,983	142,456	153,847	134,399	108,524	126,397	86,367
Group/Directors Accounts	0	0	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	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	97,802	81,704	74,422	86,664	78,194	80,561	100,571	116,449	0	0	0	0	0	0	0
total current liabilities	124,696	111,703	106,381	169,013	120,922	109,275	123,919	138,475	183,983	142,456	153,847	134,399	108,524	126,397	86,367
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	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	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,554	2,403	1,146	1,849	2,705	2,223	0	0	0	0	0	0	114	580	1,167
total long term liabilities	1,554	2,403	1,146	1,849	2,705	2,223	0	0	0	0	0	0	114	580	1,167
total liabilities	126,250	114,106	107,527	170,862	123,627	111,498	123,919	138,475	183,983	142,456	153,847	134,399	108,638	126,977	87,534
net assets	207,051	201,255	203,894	221,012	202,077	220,253	220,058	199,121	140,920	107,971	84,704	63,024	57,727	57,430	50,241
total shareholders funds	207,051	201,255	203,894	221,012	202,077	220,253	220,058	199,121	140,920	107,971	84,704	63,024	57,727	57,430	50,241

	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	-581	-7,338	-15,770	24,726	-19,196	-790	25,181	72,468	40,860	29,162	27,879	6,716	204	9,869	69,581
Depreciation	3,689	4,717	4,593	4,653	5,391	5,214	4,815	4,769	4,637	3,470	2,595	1,999	3,676	3,899	3,771
Amortisation	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Tax	-1,932	0	0	-4,442	0	-46	-4,911	-14,550	-8,237	-6,185	-6,476	-1,673	-104	-2,796	-19,499
Stock	0	0	0	0	0	0	-100	-100	100	100	100	50	-50	-900	1,200
Debtors	80,797	-68,184	41,677	-39,715	32,246	-34,917	35,397	-50,277	53,037	28,946	17,514	45,843	-43,519	57,680	31,219
Creditors	-3,105	-1,960	-390	-10,379	14,014	5,366	1,322	-161,957	41,527	-11,391	19,448	25,875	-17,873	40,030	86,367
Accruals and Deferred Income	16,098	7,282	-12,242	8,470	-2,367	-20,010	-15,878	116,449	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-849	1,257	-703	-856	482	2,223	0	0	0	0	0	-114	-466	-587	1,167
Cash flow from operations	-62,477	77,142	-61,189	66,887	-28,922	31,874	-19,768	72,556	30,650	-8,990	30,832	-8,090	34,006	-1,365	113,968
Investing Activities
capital expenditure	-295	-8,296	-893	-148	-8,217	289	-6,051	-7,257	-861	-6,566	-10,697	-3,368	-388	0	-90,356
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-295	-8,296	-893	-148	-8,217	289	-6,051	-7,257	-861	-6,566	-10,697	-3,368	-388	0	-90,356
Financing Activities
Bank loans	0	0	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	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	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	8,309	4,699	-1,348	-1,349	1,020	1,031	667	283	327	290	277	254	197	116	59
cash flow from financing	8,309	4,699	-51,348	48,651	1,020	1,031	667	283	327	290	277	254	197	116	159
cash and cash equivalents
cash	-54,463	73,545	-113,430	115,390	-36,119	33,194	-25,152	65,582	30,115	-15,266	20,412	-11,204	33,815	-1,249	23,771
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-54,463	73,545	-113,430	115,390	-36,119	33,194	-25,152	65,582	30,115	-15,266	20,412	-11,204	33,815	-1,249	23,771

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STAIT ELECTRICAL SERVICES LIMITED group structure

Stait Electrical Services Limited has no subsidiary companies.

Ultimate parent company

STAIT ELECTRICAL SERVICES LIMITED

04914617

STAIT ELECTRICAL SERVICES LIMITED Shareholders

jamie stephen carrington stait	50%
lindey carrington stait	50%

Stait Electrical Services Limited currently has 2 directors. The longest serving directors include Mr Jamie Carrington Stait (Oct 2003) and Lindey Carrington Stait (Oct 2003).

officer	country	age	start	end	role
Mr Jamie Carrington Stait	England	59 years	Oct 2003	-	Director
Lindey Carrington Stait	England	60 years	Oct 2003	-	Director

P&L

November 2023

turnover

629.5k

+55%

operating profit

-580.6

gross margin

25.2%

+0.93%

turnover

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

Balance Sheet

November 2023

net assets

207.1k

+0.03%

total assets

333.3k

+0.06%

cash

138.9k

-0.28%

net assets

Total assets minus all liabilities

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company number

04914617

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

September 2003

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

November 2023

address

suite 11 the business centre, innsworth technology park innswo, gloucester, gloucestershire, GL3 1DL

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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stait electrical services limited Company Information

stait electrical services limited Estimated Valuation

stait electrical services limited Estimated Valuation

stait electrical services limited Estimated Valuation

Stait Electrical Services Limited Overview

Stait Electrical Services Limited Health Check

STAIT ELECTRICAL SERVICES LIMITED financials

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stait electrical services limited Ownership

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