cobalt light systems limited
cobalt light systems limited Company Information
Company Number
05856979
Next Accounts
Feb 2025
Shareholders
agilent technologies lda uk limited
Group Structure
View All
Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
+3Registered Address
5500 lakeside, cheadle royal business park, cheadle, cheshire, SK8 3GR
Website
cobaltlight.comcobalt light systems limited Estimated Valuation
Pomanda estimates the enterprise value of COBALT LIGHT SYSTEMS LIMITED at £8.2m based on a Turnover of £6.7m and 1.22x industry multiple (adjusted for size and gross margin).
cobalt light systems limited Estimated Valuation
Pomanda estimates the enterprise value of COBALT LIGHT SYSTEMS LIMITED at £0 based on an EBITDA of £-124.2k and a 6.54x industry multiple (adjusted for size and gross margin).
cobalt light systems limited Estimated Valuation
Pomanda estimates the enterprise value of COBALT LIGHT SYSTEMS LIMITED at £9.6m based on Net Assets of £4.1m and 2.36x industry multiple (adjusted for liquidity).
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Cobalt Light Systems Limited Overview
Cobalt Light Systems Limited is a dissolved company that was located in cheadle, SK8 3GR with a Companies House number of 05856979. It operated in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in June 2006, it's largest shareholder was agilent technologies lda uk limited with a 100% stake. The last turnover for Cobalt Light Systems Limited was estimated at £6.7m.
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Cobalt Light Systems Limited Health Check
Pomanda's financial health check has awarded Cobalt Light Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
3 Weak
Size
annual sales of £6.7m, make it in line with the average company (£7.3m)
- Cobalt Light Systems Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (3.1%)
- Cobalt Light Systems Limited
3.1% - Industry AVG
Production
with a gross margin of 42.6%, this company has a comparable cost of product (42.6%)
- Cobalt Light Systems Limited
42.6% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (7%)
- Cobalt Light Systems Limited
7% - Industry AVG
Employees
with 49 employees, this is similar to the industry average (57)
49 - Cobalt Light Systems Limited
57 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
- Cobalt Light Systems Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £137.4k, this is equally as efficient (£136.9k)
- Cobalt Light Systems Limited
£136.9k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (55 days)
- Cobalt Light Systems Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (40 days)
- Cobalt Light Systems Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 170 days, this is more than average (84 days)
- Cobalt Light Systems Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (29 weeks)
54 weeks - Cobalt Light Systems Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.8%, this is a lower level of debt than the average (42.3%)
37.8% - Cobalt Light Systems Limited
42.3% - Industry AVG
COBALT LIGHT SYSTEMS LIMITED financials
Cobalt Light Systems Limited's latest turnover from June 2017 is estimated at £6.7 million and the company has net assets of £4.1 million. According to their latest financial statements, Cobalt Light Systems Limited has 49 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 49 | 39 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 101,235 | 136,942 | 131,663 | 124,217 | 124,993 | 96,085 | 95,291 | 91,214 |
| Intangible Assets | 154,151 | 100,997 | 72,285 | 68,301 | 35,814 | 35,814 | 0 | 0 |
| Investments & Other | 65,399 | 65,399 | 65,399 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 591,133 | 570,688 | 387,420 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 911,918 | 874,026 | 656,767 | 192,518 | 160,807 | 131,899 | 95,291 | 91,214 |
| Stock & work in progress | 1,809,623 | 1,387,037 | 1,240,895 | 1,278,321 | 1,078,336 | 415,557 | 119,328 | 185,699 |
| Trade Debtors | 1,441,279 | 1,091,711 | 1,090,791 | 482,620 | 1,197,075 | 226,869 | 398,834 | 186,867 |
| Group Debtors | 121,130 | 96,614 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 539,358 | 624,467 | 0 | 0 | 200,000 | 0 | 0 | 0 |
| Cash | 1,735,144 | 1,687,292 | 2,202,861 | 3,622,070 | 575,977 | 1,622,850 | 368,898 | 268,882 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,646,534 | 4,887,121 | 4,534,547 | 5,383,011 | 3,051,388 | 2,265,276 | 887,060 | 641,448 |
| total assets | 6,558,452 | 5,761,147 | 5,191,314 | 5,575,529 | 3,212,195 | 2,397,175 | 982,351 | 732,662 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 412,063 | 951,805 | 892,076 | 774,595 | 1,223,042 | 388,348 | 239,989 | 454,619 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,232,637 | 533,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,644,700 | 1,485,110 | 892,076 | 774,595 | 1,223,042 | 388,348 | 239,989 | 454,619 |
| loans | 750,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 189,561 | 248,901 | 308,241 | 171,429 |
| provisions | 85,662 | 103,324 | 130,321 | 400,339 | 55,553 | 21,829 | 23,663 | 8,076 |
| total long term liabilities | 835,662 | 103,324 | 130,321 | 400,339 | 245,114 | 270,730 | 331,904 | 179,505 |
| total liabilities | 2,480,362 | 1,588,434 | 1,022,397 | 1,174,934 | 1,468,156 | 659,078 | 571,893 | 634,124 |
| net assets | 4,078,090 | 4,172,713 | 4,168,917 | 4,400,595 | 1,744,039 | 1,738,097 | 410,458 | 98,538 |
| total shareholders funds | 4,078,090 | 4,172,713 | 4,168,917 | 4,400,595 | 1,744,039 | 1,738,097 | 410,458 | 98,538 |
| Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 45,253 | 63,118 | 66,638 | 61,349 | 49,294 | 26,507 | 26,064 | 29,283 |
| Amortisation | 35,973 | 19,001 | 14,462 | 35,814 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 422,586 | 146,142 | -37,426 | 199,985 | 662,779 | 296,229 | -66,371 | 185,699 |
| Debtors | 309,420 | 905,269 | 995,591 | -914,455 | 1,170,206 | -171,965 | 211,967 | 186,867 |
| Creditors | -539,742 | 59,729 | 117,481 | -448,447 | 834,694 | 148,359 | -214,630 | 454,619 |
| Accruals and Deferred Income | 699,332 | 533,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -17,662 | -26,997 | -270,018 | 344,786 | 33,724 | -1,834 | 15,587 | 8,076 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 65,399 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 750,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -189,561 | -59,340 | -59,340 | 136,812 | 171,429 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 47,852 | -515,569 | -1,419,209 | 3,046,093 | -1,046,873 | 1,253,952 | 100,016 | 268,882 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 47,852 | -515,569 | -1,419,209 | 3,046,093 | -1,046,873 | 1,253,952 | 100,016 | 268,882 |
cobalt light systems limited Credit Report and Business Information
Cobalt Light Systems Limited Competitor Analysis
Perform a competitor analysis for cobalt light systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in SK8 area or any other competitors across 12 key performance metrics.
cobalt light systems limited Ownership
COBALT LIGHT SYSTEMS LIMITED group structure
Cobalt Light Systems Limited has no subsidiary companies.
Ultimate parent company
AGILENT TECHNOLOGIES INC
#0046450
2 parents
COBALT LIGHT SYSTEMS LIMITED
05856979
cobalt light systems limited directors
Cobalt Light Systems Limited currently has 2 directors. The longest serving directors include Mr Neil Rees (Jul 2017) and Mr Gordan Hughes (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Rees | England | 58 years | Jul 2017 | - | Director |
| Mr Gordan Hughes | England | 62 years | Jul 2017 | - | Director |
P&L
June 2017turnover
6.7m
+15%
operating profit
-205.4k
0%
gross margin
42.7%
+2.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2017net assets
4.1m
-0.02%
total assets
6.6m
+0.14%
cash
1.7m
+0.03%
net assets
Total assets minus all liabilities
Similar Companies
cobalt light systems limited company details
company number
05856979
Type
Private limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
26512 - Manufacture of electronic industrial process control equipment
26701 - Manufacture of optical precision instruments
incorporation date
June 2006
age
19
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2017
previous names
litethru limited (April 2009)
accountant
-
auditor
-
address
5500 lakeside, cheadle royal business park, cheadle, cheshire, SK8 3GR
Bank
-
Legal Advisor
-
cobalt light systems 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 2 charges/mortgages relating to cobalt light systems limited. Currently there are 2 open charges and 0 have been satisfied in the past.
cobalt light systems 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 COBALT LIGHT SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
cobalt light systems limited Companies House Filings - See Documents
| date | description | view/download |
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