Power Gems Limited

POWER SEARCH PRICING

SOLUTIONS

power gems limited Company Information

Live

EstablishedSmallHealthy

Company Number

05807625

Website

powergems.com

Registered Address

unit 1 fairhills trade centre, fairhills road, manchester, M44 6BA

Industry

Manufacture of other technical ceramic products

Telephone

01617767030

Next Accounts Due

November 2024

Group Structure

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Directors

Patrick McGuane18 Years

Philip Ellams18 Years

Shareholders

power gems holdings limited 100%

power gems limited Estimated Valuation

£8.4m

Pomanda estimates the enterprise value of POWER GEMS LIMITED at £8.4m based on Net Assets of £3.7m and 2.23x industry multiple (adjusted for liquidity).

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Power Gems Limited is a live company located in manchester, M44 6BA with a Companies House number of 05807625. It operates in the manufacture of other technical ceramic products sector, SIC Code 23440. Founded in May 2006, it's largest shareholder is power gems holdings limited with a 100% stake. Power Gems Limited is a established, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Power Gems Limited a 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 Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.8m, make it smaller than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (-0.9%)

EXPORT

Power Gems Limited's latest turnover from February 2023 is estimated at £3.8 million and the company has net assets of £3.7 million. According to their latest financial statements, Power Gems Limited has 20 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Apr 2010
Turnover	3,775,530	2,811,975	2,638,641	3,184,020	3,590,086	4,370,367	2,664,493	4,756,412	2,778,734	2,606,573	1,905,332	1,600,740	2,471,706	1,516,402
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,852,367	1,912,378	1,829,710	2,160,325	2,539,600	2,836,264	1,731,851	2,895,392	1,686,735	1,671,834	1,196,997	939,894	1,454,818	835,849
Gross Profit	923,163	899,597	808,931	1,023,696	1,050,486	1,534,103	932,642	1,861,020	1,091,999	934,739	708,335	660,846	1,016,888	680,554
Admin Expenses	747,694	558,759	943,640	766,192	779,515	790,399	996,852	1,509,585	293,524	513,106	295,983	455,070	684,595	678,535
Operating Profit	175,469	340,838	-134,709	257,504	270,971	743,704	-64,210	351,435	798,475	421,633	412,352	205,776	332,293	2,019
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	82,283	9,845	1,635	12,868	9,857	5,044	2,178	4,926	4,343	2,005	886	163	41	0
Pre-Tax Profit	257,752	350,683	-133,074	270,372	280,828	748,748	-62,032	356,361	802,818	423,638	413,238	205,939	332,335	2,019
Tax	-48,973	-66,630	0	-51,371	-53,357	-142,262	0	-71,272	-168,592	-97,437	-99,177	-53,544	-93,054	-565
Profit After Tax	208,779	284,053	-133,074	219,001	227,471	606,486	-62,032	285,089	634,226	326,201	314,061	152,395	239,281	1,454
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	208,779	284,053	-133,074	219,001	227,471	606,486	-62,032	285,089	634,226	326,201	314,061	152,395	239,281	1,454
Employee Costs	837,958	758,710	579,627	667,785	665,823	669,750	680,689	1,792,800	688,757	518,256	472,368	398,759	536,855	358,751
Number Of Employees	20	20	17	18	19	19	18	54	20	16	15	14	18	13
EBITDA*	180,393	346,535	-129,268	263,202	278,622	755,381	-40,923	378,162	824,295	445,611	443,535	234,986	350,990	18,990

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Apr 2010
Tangible Assets	24,938	20,437	22,005	21,473	22,399	29,309	40,951	50,747	74,101	88,431	108,414	120,921	140,369	66,824
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	400,000	276,696	276,696	276,696	276,696	300,674	300,674	300,674	337,086	387,965	101,000	101,000	101,000	101,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	424,938	297,133	298,701	298,169	299,095	329,983	341,625	351,421	411,187	476,396	209,414	221,921	241,369	167,824
Stock & work in progress	1,225,548	808,615	691,103	525,124	628,699	466,525	422,199	685,525	349,817	499,524	344,421	257,309	261,077	210,812
Trade Debtors	819,429	425,166	375,926	622,682	623,400	1,204,248	650,379	953,298	517,393	500,753	336,229	355,591	490,812	324,832
Group Debtors	104,650	81,138	129,959	73,614	58,854	0	0	0	0	0	0	0	21,939	0
Misc Debtors	55,432	73,350	210,561	46,387	71,009	68,969	17,574	2,806	0	9,966	0	0	0	0
Cash	1,638,643	2,475,490	1,462,451	1,807,144	1,624,193	1,004,466	1,013,330	729,292	1,241,054	496,046	305,777	48,700	16,583	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,843,702	3,863,759	2,870,000	3,074,951	3,006,155	2,744,208	2,103,482	2,370,921	2,108,264	1,506,289	986,427	661,600	790,411	535,644
total assets	4,268,640	4,160,892	3,168,701	3,373,120	3,305,250	3,074,191	2,445,107	2,722,342	2,519,451	1,982,685	1,195,841	883,521	1,031,780	703,468
Bank overdraft	0	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	0
Trade Creditors	322,370	277,148	118,737	185,167	253,721	182,839	231,024	591,206	495,517	472,898	276,272	210,079	508,229	526,912
Group/Directors Accounts	31,685	266,550	0	0	0	25,402	0	0	0	0	17,232	0	0	0
other short term finances	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
other current liabilities	115,633	172,425	90,468	95,478	148,491	195,181	147,923	0	0	0	0	0	0	0
total current liabilities	469,688	716,123	209,205	280,645	402,212	403,422	378,947	591,206	495,517	472,898	293,504	210,079	508,229	526,912
loans	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
Accruals and Deferred Income	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	84,794	130,480	50,000
provisions	55,683	33,583	33,697	33,602	33,298	4,522	6,399	9,343	14,528	18,547	24,263	24,635	27,129	0
total long term liabilities	55,683	33,583	33,697	33,602	33,298	4,522	6,399	9,343	14,528	18,547	24,263	109,429	157,609	50,000
total liabilities	525,371	749,706	242,902	314,247	435,510	407,944	385,346	600,549	510,045	491,445	317,767	319,508	665,838	576,912
net assets	3,743,269	3,411,186	2,925,799	3,058,873	2,869,740	2,666,247	2,059,761	2,121,793	2,009,406	1,491,240	878,074	564,013	365,942	126,556
total shareholders funds	3,743,269	3,411,186	2,925,799	3,058,873	2,869,740	2,666,247	2,059,761	2,121,793	2,009,406	1,491,240	878,074	564,013	365,942	126,556

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Apr 2010
Operating Activities
Operating Profit	175,469	340,838	-134,709	257,504	270,971	743,704	-64,210	351,435	798,475	421,633	412,352	205,776	332,293	2,019
Depreciation	4,924	5,697	5,441	5,698	7,651	11,677	23,287	26,727	25,820	23,978	31,183	29,210	18,697	16,971
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-48,973	-66,630	0	-51,371	-53,357	-142,262	0	-71,272	-168,592	-97,437	-99,177	-53,544	-93,054	-565
Stock	416,933	117,512	165,979	-103,575	162,174	44,326	-263,326	335,708	-149,707	155,103	87,112	-3,768	50,265	210,812
Debtors	399,857	-136,792	-26,237	-10,580	-519,954	605,264	-288,151	438,711	6,674	174,490	-19,362	-157,160	187,919	324,832
Creditors	45,222	158,411	-66,430	-68,554	70,882	-48,185	-360,182	95,689	22,619	196,626	66,193	-298,150	-18,683	526,912
Accruals and Deferred Income	-56,792	81,957	-5,010	-53,013	-46,690	47,258	147,923	0	0	0	0	0	0	0
Deferred Taxes & Provisions	22,100	-114	95	304	28,776	-1,877	-2,944	-5,185	-4,019	-5,716	-372	-2,494	27,129	0
Cash flow from operations	-674,840	539,439	-340,355	204,723	636,013	-39,275	295,351	-377,025	817,336	209,491	342,429	41,726	28,198	9,693
Investing Activities
capital expenditure	-9,425	-4,129	-5,973	-4,772	-741	-35	-13,491	-3,373	-11,490	-3,995	-18,676	-9,762	-92,242	-83,795
Change in Investments	123,304	0	0	0	-23,978	0	0	-36,412	-50,879	286,965	0	0	0	101,000
cash flow from investments	-132,729	-4,129	-5,973	-4,772	23,237	-35	-13,491	33,039	39,389	-290,960	-18,676	-9,762	-92,242	-184,795
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-234,865	266,550	0	0	-25,402	25,402	0	0	0	-17,232	17,232	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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	-84,794	-45,686	80,480	50,000
share issue	123,304	201,334	0	-29,868	-23,978	0	0	-172,702	-116,060	286,965	0	45,676	105	125,102
interest	82,283	9,845	1,635	12,868	9,857	5,044	2,178	4,926	4,343	2,005	886	163	41	0
cash flow from financing	-29,278	477,729	1,635	-17,000	-39,523	30,446	2,178	-167,776	-111,717	271,738	-66,676	153	80,626	175,102
cash and cash equivalents
cash	-836,847	1,013,039	-344,693	182,951	619,727	-8,864	284,038	-511,762	745,008	190,269	257,077	32,117	16,583	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-836,847	1,013,039	-344,693	182,951	619,727	-8,864	284,038	-511,762	745,008	190,269	257,077	32,117	16,583	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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POWER GEMS LIMITED group structure

Power Gems Limited has no subsidiary companies.

Ultimate parent company

POWER GEMS HOLDINGS LIMITED

09689838

1 parent

POWER GEMS LIMITED

05807625

POWER GEMS LIMITED Shareholders

power gems holdings limited

100%

Power Gems Limited currently has 2 directors. The longest serving directors include Mr Patrick McGuane (May 2006) and Dr Philip Ellams (May 2006).

officer	country	age	start	end	role
Mr Patrick McGuane		61 years	May 2006	-	Director
Dr Philip Ellams	England	56 years	May 2006	-	Director

P&L

February 2023

turnover

3.8m

+34%

operating profit

175.5k

gross margin

24.5%

-23.57%

turnover

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

Balance Sheet

February 2023

net assets

3.7m

+0.1%

total assets

4.3m

+0.03%

cash

1.6m

-0.34%

net assets

Total assets minus all liabilities

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company number

05807625

Type

Private limited with Share Capital

industry

23440 - Manufacture of other technical ceramic products

incorporation date

May 2006

accounts

Total Exemption Full

ultimate parent company

POWER GEMS HOLDINGS LIMITED

previous names

cobco 779 limited (July 2006)

last accounts submitted

February 2023

address

unit 1 fairhills trade centre, fairhills road, manchester, M44 6BA

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 8 charges/mortgages relating to power gems limited. Currently there are 0 open charges and 8 have been satisfied in the past.

power gems limited Company Information

power gems limited Estimated Valuation

power gems limited Estimated Valuation

power gems limited Estimated Valuation

Power Gems Limited Overview

Power Gems Limited Health Check

POWER GEMS LIMITED financials

power gems limited Credit Report and Business Information

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power gems limited Ownership

power gems limited directors

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