elite electricians limited

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elite electricians limited Company Information

Share ELITE ELECTRICIANS LIMITED

Company Number

04984771

Shareholders

angie allum & robert allum

alan withers

Group Structure

View All

Industry

Electrical installation

 

Registered Address

lygon house 50 london road, bromley, kent, BR1 3RA

elite electricians limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of ELITE ELECTRICIANS LIMITED at £1.2m based on a Turnover of £2.9m and 0.41x industry multiple (adjusted for size and gross margin).

elite electricians limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of ELITE ELECTRICIANS LIMITED at £2.2m based on an EBITDA of £509.6k and a 4.35x industry multiple (adjusted for size and gross margin).

elite electricians limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of ELITE ELECTRICIANS LIMITED at £1.3m based on Net Assets of £528.1k and 2.45x industry multiple (adjusted for liquidity).

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Elite Electricians Limited Overview

Elite Electricians Limited is a live company located in kent, BR1 3RA with a Companies House number of 04984771. It operates in the electrical installation sector, SIC Code 43210. Founded in December 2003, it's largest shareholder is angie allum & robert allum with a 90.9% stake. Elite Electricians Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with low growth in recent years.

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Elite Electricians Limited Health Check

Pomanda's financial health check has awarded Elite Electricians Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £2.9m, make it larger than the average company (£2.4m)

£2.9m - Elite Electricians Limited

£2.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (11.7%)

2% - Elite Electricians Limited

11.7% - Industry AVG

production

Production

with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)

25.9% - Elite Electricians Limited

25.9% - Industry AVG

profitability

Profitability

an operating margin of 16.5% make it more profitable than the average company (6.7%)

16.5% - Elite Electricians Limited

6.7% - Industry AVG

employees

Employees

with 18 employees, this is similar to the industry average (20)

18 - Elite Electricians Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.1k, the company has an equivalent pay structure (£45.1k)

£45.1k - Elite Electricians Limited

£45.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £162.4k, this is equally as efficient (£150.8k)

£162.4k - Elite Electricians Limited

£150.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is near the average (56 days)

66 days - Elite Electricians Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (41 days)

29 days - Elite Electricians Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 42 days, this is more than average (9 days)

42 days - Elite Electricians Limited

9 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (23 weeks)

45 weeks - Elite Electricians Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.5%, this is a higher level of debt than the average (60.6%)

75.5% - Elite Electricians Limited

60.6% - Industry AVG

ELITE ELECTRICIANS LIMITED financials

EXPORTms excel logo

Elite Electricians Limited's latest turnover from March 2024 is estimated at £2.9 million and the company has net assets of £528.1 thousand. According to their latest financial statements, Elite Electricians Limited has 18 employees and maintains cash reserves of £919.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,923,2373,043,7113,245,2392,784,7152,092,7482,692,9551,438,497543,605677,063810,769575,742720,635684,516563,499518,198
Other Income Or Grants
Cost Of Sales2,165,8072,252,6002,413,7322,081,4661,555,9261,960,6401,035,252387,930475,065563,608395,436477,972449,468348,771317,519
Gross Profit757,430791,111831,507703,249536,822732,315403,246155,675201,998247,161180,306242,663235,048214,728200,679
Admin Expenses275,021724,065770,034659,364506,951692,785279,715144,833214,666254,771162,994263,308182,365215,540199,465
Operating Profit482,40967,04661,47343,88529,87139,530123,53110,842-12,668-7,61017,312-20,64552,683-8121,214
Interest Payable49,42550,86042,47736,26429,23619,4025,7111,602197
Interest Receivable31,43414,2082,293164832421851135733119
Pre-Tax Profit464,41730,39421,2897,78571720,370118,0069,353-12,808-7,60717,316-20,63452,692-8121,214
Tax-116,104-5,775-4,045-1,479-136-3,870-22,421-1,870-3,983-13,700-340
Profit After Tax348,31324,61917,2446,30658116,50095,5857,482-12,808-7,60713,333-20,63438,992-812874
Dividends Paid
Retained Profit348,31324,61917,2446,30658116,50095,5857,482-12,808-7,60713,333-20,63438,992-812874
Employee Costs811,667756,791642,911708,146973,060924,686619,124398,155197,620237,575150,219218,035217,523178,516181,261
Number Of Employees18181618242316105646655
EBITDA*509,59092,58777,69160,24638,62946,908127,77212,430-9,732-4,67420,055-18,40353,8728288,263

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets327,479346,467355,950348,86113,0849,81913,1313,0938163,7525,7205,9622,9362,2873,366
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets327,479346,467355,950348,86113,0849,81913,1313,0938163,7525,7205,9622,9362,2873,366
Stock & work in progress253,000253,000253,000206,00065,00050,00030,00025,00025,00025,00015,00010,2286,9987,756
Trade Debtors531,862513,231572,434564,351408,134637,208360,55857,989136,102132,050102,855127,144128,07795,05879,205
Group Debtors
Misc Debtors123,66697,798158,376475,093547,311444,157124,00682,138
Cash919,926277,559391,064220,444107,37058,4836,07867,99822,5073666706183,6578
misc current assets
total current assets1,828,4541,141,5881,374,8741,465,8881,127,8151,189,848520,642233,125183,609157,416118,525137,990138,732102,82279,205
total assets2,155,9331,488,0551,730,8241,814,7491,140,8991,199,667533,773236,218184,425161,168124,245143,952141,668105,10982,571
Bank overdraft163,572182,911167,898112,563147,928136,15472,39511,1846,075
Bank loan
Trade Creditors 176,533359,288481,380246,186114,997197,42217,08723,76254,490136,91292,382125,422102,514104,94781,597
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities718,274265,045216,390424,902380,100426,870271,667148,322112,412
total current liabilities1,058,379807,244865,668783,651643,025760,446361,149183,268172,977136,91292,382125,422102,514104,94781,597
loans306,513225,677415,912562,202366,278308,20658,10934,020
hp & lease commitments
Accruals and Deferred Income
other liabilities262,963275,369294,098330,994
provisions
total long term liabilities569,476501,046710,010893,196366,278308,20658,10934,020
total liabilities1,627,8551,308,2901,575,6781,676,8471,009,3031,068,652419,258217,288172,977136,91292,382125,422102,514104,94781,597
net assets528,078179,765155,146137,902131,596131,015114,51518,93011,44824,25631,86318,53039,154162974
total shareholders funds528,078179,765155,146137,902131,596131,015114,51518,93011,44824,25631,86318,53039,154162974
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit482,40967,04661,47343,88529,87139,530123,53110,842-12,668-7,61017,312-20,64552,683-8121,214
Depreciation27,18125,54116,21816,3618,7587,3784,2411,5882,9362,9362,7432,2421,1891,6407,049
Amortisation
Tax-116,104-5,775-4,045-1,479-136-3,870-22,421-1,870-3,983-13,700-340
Stock47,000141,00015,00020,0005,00010,0004,7723,230-7587,756
Debtors44,499-119,781-308,63483,999-125,920596,801344,4374,0254,05229,195-24,289-93333,01915,85379,205
Creditors-182,755-122,092235,194131,189-82,425180,335-6,675-30,728-82,42244,530-33,04022,908-2,43323,35081,597
Accruals and Deferred Income453,22948,655-208,51244,802-46,770155,203123,34535,910112,412
Deferred Taxes & Provisions
Cash flow from operations619,461133,156361,9629,75920,218-238,225-127,41611,71716,2066612,5492,2085,47856910,315
Investing Activities
capital expenditure-8,193-16,058-23,307-352,138-12,023-4,066-14,279-3,865-968-2,501-5,268-1,838-561-10,415
Change in Investments
cash flow from investments-8,193-16,058-23,307-352,138-12,023-4,066-14,279-3,865-968-2,501-5,268-1,838-561-10,415
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans80,836-190,235-146,290195,92458,072250,09724,08934,020
Hire Purchase and Lease Commitments
other long term liabilities-12,406-18,729-36,896330,994
share issue10100
interest-17,991-36,652-40,184-36,100-29,153-19,160-5,526-1,489-14033119
cash flow from financing50,439-245,616-223,370490,81828,919230,93718,56332,531-14033219100
cash and cash equivalents
cash642,367-113,505170,620113,07448,88752,405-61,92045,49122,141-30452-3,0393,6498
overdraft-19,33915,01355,335-35,36511,77463,75961,2115,1096,075
change in cash661,706-128,518115,285148,43937,113-11,354-123,13140,38216,066-30452-3,0393,6498

elite electricians limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Elite Electricians Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for elite electricians limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BR1 area or any other competitors across 12 key performance metrics.

elite electricians limited Ownership

ELITE ELECTRICIANS LIMITED group structure

Elite Electricians Limited has no subsidiary companies.

Ultimate parent company

ELITE ELECTRICIANS LIMITED

04984771

ELITE ELECTRICIANS LIMITED Shareholders

angie allum & robert allum 90.91%
alan withers 9.09%

elite electricians limited directors

Elite Electricians Limited currently has 2 directors. The longest serving directors include Mr Robert Allum (Dec 2003) and Mrs Angie Allum (Jun 2018).

officercountryagestartendrole
Mr Robert AllumUnited Kingdom55 years Dec 2003- Director
Mrs Angie AllumUnited Kingdom46 years Jun 2018- Director

P&L

March 2024

turnover

2.9m

-4%

operating profit

482.4k

0%

gross margin

26%

-0.31%

turnover

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

Balance Sheet

March 2024

net assets

528.1k

+1.94%

total assets

2.2m

+0.45%

cash

919.9k

+2.31%

net assets

Total assets minus all liabilities

elite electricians limited company details

company number

04984771

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

December 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

BERRINGERS LLP

auditor

-

address

lygon house 50 london road, bromley, kent, BR1 3RA

Bank

-

Legal Advisor

-

elite electricians limited Charges & Mortgages

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 1 charges/mortgages relating to elite electricians limited. Currently there are 1 open charges and 0 have been satisfied in the past.

elite electricians limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for ELITE ELECTRICIANS LIMITED. This can take several minutes, an email will notify you when this has completed.

elite electricians limited Companies House Filings - See Documents

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