Vyelight Electrical Services Limited

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vyelight electrical services limited Company Information

Live

MatureSmallHealthy

Company Number

05020189

Website

www.vyelight.co.uk

Registered Address

unit g18 bamel way, gloucester business park, brockworth gloucester, GL3 4BH

Industry

Electrical installation

Telephone

01452612479

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Light20 Years

Stephen Vye20 Years

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Shareholders

michael robert light 24.8%

robert gwyn light 24.8%

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vyelight electrical services limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of VYELIGHT ELECTRICAL SERVICES LIMITED at £2.4m based on Net Assets of £742.3k and 3.21x industry multiple (adjusted for liquidity).

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Vyelight Electrical Services Limited is a live company located in brockworth gloucester, GL3 4BH with a Companies House number of 05020189. It operates in the electrical installation sector, SIC Code 43210. Founded in January 2004, it's largest shareholder is michael robert light with a 24.8% stake. Vyelight Electrical Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.

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

Health Rating5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £1.7m, make it in line with the average company (£1.8m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VYELIGHT ELECTRICAL SERVICES LIMITED group structure

Vyelight Electrical Services Limited has no subsidiary companies.

Ultimate parent company

VYELIGHT ELECTRICAL SERVICES LIMITED

05020189

VYELIGHT ELECTRICAL SERVICES LIMITED Shareholders

michael robert light	24.76%
robert gwyn light	24.76%
mark joseph vye	24.76%
stephen anthony vye	23.81%
gemma vye	0.95%
phillippa light	0.95%

Vyelight Electrical Services Limited currently has 4 directors. The longest serving directors include Mr Robert Light (Jan 2004) and Mr Stephen Vye (Jan 2004).

officer	country	age	start	end	role
Mr Robert Light	United Kingdom	73 years	Jan 2004	-	Director
Mr Stephen Vye		72 years	Jan 2004	-	Director
Mr Michael Light	United Kingdom	35 years	Jan 2021	-	Director
Mr Mark Vye	United Kingdom	43 years	Jan 2021	-	Director

EXPORT

Vyelight Electrical Services Limited's latest turnover from December 2022 is estimated at £1.7 million and the company has net assets of £742.3 thousand. According to their latest financial statements, Vyelight Electrical Services Limited has 15 employees and maintains cash reserves of £464.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Jun 2010
Turnover	1,736,205	1,721,577	1,595,027	1,464,583	2,184,345	1,596,103	1,192,400	1,483,085	1,224,011	1,368,495	1,442,661	1,887,745	1,211,479
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,316,290	1,309,983	1,203,451	1,107,541	1,615,397	1,160,788	853,749	1,069,940	870,930	983,706	999,619	1,203,765	730,678
Gross Profit	419,915	411,594	391,577	357,041	568,948	435,315	338,650	413,145	353,080	384,789	443,042	683,980	480,801
Admin Expenses	297,634	349,662	445,536	322,224	529,461	281,978	400,892	278,288	290,142	345,096	539,720	551,626	25,358
Operating Profit	122,281	61,932	-53,959	34,817	39,487	153,337	-62,242	134,857	62,938	39,693	-96,678	132,354	455,443
Interest Payable	4,275	3,047	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,074	453	94	844	892	687	314	497	496	247	267	377	115
Pre-Tax Profit	131,080	59,338	-55,390	35,662	40,379	154,025	-61,928	135,354	63,434	39,940	-96,411	132,731	455,558
Tax	-24,905	-11,274	0	-6,776	-7,672	-29,265	0	-27,071	-13,321	-9,186	0	-34,510	-127,556
Profit After Tax	106,175	48,064	-55,390	28,886	32,707	124,760	-61,928	108,283	50,113	30,754	-96,411	98,221	328,002
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	106,175	48,064	-55,390	28,886	32,707	124,760	-61,928	108,283	50,113	30,754	-96,411	98,221	328,002
Employee Costs	621,843	598,175	480,436	493,094	704,835	673,563	649,261	403,232	358,271	380,185	413,312	615,636	394,287
Number Of Employees	15	15	12	12	17	17	16	10	9	10	11	17	11
EBITDA*	159,939	86,775	-48,353	46,172	50,075	166,047	-52,551	146,324	71,264	49,126	-85,766	138,306	466,130

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Jun 2010
Tangible Assets	130,681	73,867	24,936	25,422	22,391	16,195	14,069	18,760	9,974	13,300	17,733	17,857	21,096
Intangible Assets	115,000	120,000	125,000	130,000	135,000	140,000	145,000	150,000	155,000	160,000	165,000	170,000	175,000
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	245,681	193,867	149,936	155,422	157,391	156,195	159,069	168,760	164,974	173,300	182,733	187,857	196,096
Stock & work in progress	41,230	40,000	15,000	10,000	202,232	8,875	8,875	7,885	8,950	7,255	9,750	12,875	13,725
Trade Debtors	346,499	398,175	470,486	375,418	293,944	399,950	221,131	376,932	277,490	292,543	307,874	375,911	231,214
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,769	27,697	31,273	131,071	31,058	33,980	20,227	31,708	0	0	0	0	0
Cash	464,781	282,299	80,424	108,373	116,803	121,007	153,937	97,031	101,644	96,653	2,087	104,845	45,973
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	906,279	748,171	597,183	624,862	644,037	563,812	404,170	513,556	388,084	396,451	319,711	493,631	290,912
total assets	1,151,960	942,038	747,119	780,284	801,428	720,007	563,239	682,316	553,058	569,751	502,444	681,488	487,008
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	162,908	172,272	59,331	73,356	94,477	64,158	51,689	68,777	142,278	189,137	172,184	254,817	158,558
Group/Directors Accounts	0	0	0	0	0	0	6,229	25,682	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	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	95,329	86,104	49,690	63,440	52,644	73,954	42,826	60,794	0	0	0	0	0
total current liabilities	258,237	258,376	109,021	136,796	147,121	138,112	100,744	155,253	142,278	189,137	172,184	254,817	158,558
loans	42,500	47,500	50,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	5,360	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	108,886	0	0	0	39,705	0	0	8,000	0	19,947	347	347	347
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	151,386	47,500	50,000	0	39,705	0	5,360	8,000	0	19,947	347	347	347
total liabilities	409,623	305,876	159,021	136,796	186,826	138,112	106,104	163,253	142,278	209,084	172,531	255,164	158,905
net assets	742,337	636,162	588,098	643,488	614,602	581,895	457,135	519,063	410,780	360,667	329,913	426,324	328,103
total shareholders funds	742,337	636,162	588,098	643,488	614,602	581,895	457,135	519,063	410,780	360,667	329,913	426,324	328,103

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	122,281	61,932	-53,959	34,817	39,487	153,337	-62,242	134,857	62,938	39,693	-96,678	132,354	455,443
Depreciation	32,658	19,843	606	6,355	5,588	7,710	4,691	6,467	3,326	4,433	5,912	5,952	5,687
Amortisation	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	0	5,000
Tax	-24,905	-11,274	0	-6,776	-7,672	-29,265	0	-27,071	-13,321	-9,186	0	-34,510	-127,556
Stock	1,230	25,000	5,000	-192,232	193,357	0	990	-1,065	1,695	-2,495	-3,125	-850	13,725
Debtors	-25,604	-75,887	-4,730	181,487	-108,928	192,572	-167,282	131,150	-15,053	-15,331	-68,037	144,697	231,214
Creditors	-9,364	112,941	-14,025	-21,121	30,319	12,469	-17,088	-73,501	-46,859	16,953	-82,633	96,259	158,558
Accruals and Deferred Income	9,225	36,414	-13,750	10,796	-21,310	31,128	-17,968	60,794	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	159,269	275,743	-76,398	39,816	-33,017	-12,193	78,685	-23,539	24,442	74,719	-97,237	56,208	252,193
Investing Activities
capital expenditure	-89,472	-68,774	-120	-9,386	-11,784	-9,836	0	-15,253	0	0	-5,788	2,287	-206,783
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-89,472	-68,774	-120	-9,386	-11,784	-9,836	0	-15,253	0	0	-5,788	2,287	-206,783
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-6,229	-19,453	25,682	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	-5,000	-2,500	50,000	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-5,360	5,360	0	0	0	0	0	0
other long term liabilities	108,886	0	0	-39,705	39,705	0	-8,000	8,000	-19,947	19,600	0	0	347
share issue	0	0	0	0	0	0	0	0	0	0	0	0	101
interest	8,799	-2,594	-1,431	844	892	687	314	497	496	247	267	377	115
cash flow from financing	112,685	-5,094	48,569	-38,861	40,597	-10,902	-21,779	34,179	-19,451	19,847	267	377	563
cash and cash equivalents
cash	182,482	201,875	-27,949	-8,430	-4,204	-32,930	56,906	-4,613	4,991	94,566	-102,758	58,872	45,973
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	182,482	201,875	-27,949	-8,430	-4,204	-32,930	56,906	-4,613	4,991	94,566	-102,758	58,872	45,973

P&L

December 2022

turnover

1.7m

+1%

operating profit

122.3k

gross margin

24.2%

+1.16%

turnover

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

Balance Sheet

December 2022

net assets

742.3k

+0.17%

total assets

1.2m

+0.22%

cash

464.8k

+0.65%

net assets

Total assets minus all liabilities

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company number

05020189

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

January 2004

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit g18 bamel way, gloucester business park, brockworth gloucester, GL3 4BH

last accounts submitted

December 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.

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vyelight electrical services limited Company Information

vyelight electrical services limited Estimated Valuation

vyelight electrical services limited Estimated Valuation

vyelight electrical services limited Estimated Valuation

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