Varicon (3d) Drives Limited

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varicon (3d) drives limited Company Information

Live

EstablishedMidHealthy

Company Number

06288190

Next Accounts

Dec 2025

Industry

Repair of electrical equipment

Directors

Arturas Perminas

James Chaplin

Shareholders

immy (malvern) limited

Group Structure

View All

Contact

Registered Address

merebrook business park, hanley road, malvern, worcestershire, WR13 6NP

Website

www.varicon.co.uk

varicon (3d) drives limited Estimated Valuation

£17.7m

Pomanda estimates the enterprise value of VARICON (3D) DRIVES LIMITED at £17.7m based on Net Assets of £3.9m and 4.56x industry multiple (adjusted for liquidity).

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Varicon (3d) Drives Limited is a live company located in malvern, WR13 6NP with a Companies House number of 06288190. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in June 2007, it's largest shareholder is immy (malvern) limited with a 100% stake. Varicon (3d) Drives Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Varicon (3D) Drives Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

3 Regular

1 Weak

Size

annual sales of £5.1m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.8%)

EXPORT

Varicon (3D) Drives Limited's latest turnover from March 2024 is estimated at £5.1 million and the company has net assets of £3.9 million. According to their latest financial statements, Varicon (3D) Drives Limited has 20 employees and maintains cash reserves of £527.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,133,119	5,190,585	3,922,300	4,046,619	2,735,590	3,095,746	2,791,900	2,062,468	2,452,516	4,843,021	3,202,722	2,791,589	1,979,840	1,636,852	2,148,211
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,103,817	2,989,278	2,282,936	2,363,027	1,572,665	1,770,353	1,617,110	1,188,356	1,464,377	2,886,149	1,867,827	1,612,013	1,113,424	923,998	1,174,968
Gross Profit	2,029,303	2,201,307	1,639,364	1,683,593	1,162,925	1,325,393	1,174,790	874,112	988,139	1,956,871	1,334,895	1,179,576	866,415	712,854	973,243
Admin Expenses	1,352,412	1,496,224	1,270,196	956,392	901,866	926,843	839,061	706,775	441,955	2,355,690	1,348,583	961,815	705,931	233,077	582,477
Operating Profit	676,891	705,083	369,168	727,201	261,059	398,550	335,729	167,337	546,184	-398,819	-13,688	217,761	160,484	479,777	390,766
Interest Payable	7,318	8,715	6,581	3,050	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,388	9,891	2,609	898	1,089	5,261	3,057	1,307	2,592	2,491	2,514	2,477	1,615	973	320
Pre-Tax Profit	687,961	706,258	365,196	725,049	262,148	403,811	338,785	168,644	548,776	-396,328	-11,174	220,238	162,099	480,750	391,086
Tax	-171,990	-134,189	-69,387	-137,759	-49,808	-76,724	-64,369	-33,729	-109,755	0	0	-52,857	-42,146	-134,610	-109,504
Profit After Tax	515,971	572,069	295,809	587,290	212,340	327,087	274,416	134,915	439,021	-396,328	-11,174	167,381	119,953	346,140	281,582
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	515,971	572,069	295,809	587,290	212,340	327,087	274,416	134,915	439,021	-396,328	-11,174	167,381	119,953	346,140	281,582
Employee Costs	885,720	870,009	751,558	918,306	915,441	1,021,608	930,548	956,782	1,037,798	1,432,722	820,174	926,745	657,139	657,139	833,681
Number Of Employees	20	19	19	24	22	22	26	27	28	41	21	25	18	18	21
EBITDA*	770,104	764,774	435,181	781,898	301,997	450,277	385,413	224,957	594,852	-351,447	29,807	256,141	209,481	523,241	437,640

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	117,040	55,457	82,724	61,867	30,779	34,110	26,912	51,613	34,126	42,096	32,289	20,847	34,564	29,097	40,001
Intangible Assets	92,933	116,163	139,393	162,623	185,853	209,083	232,313	255,543	278,773	302,003	325,233	348,463	371,693	394,923	418,153
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	1,912,200	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	209,973	171,620	2,134,317	224,490	216,632	243,193	259,225	307,156	312,899	344,099	357,522	369,310	406,257	424,020	458,154
Stock & work in progress	45,000	45,000	63,250	20,000	61,400	132,289	32,427	30,298	20,451	22,451	83,139	20,489	20,004	19,614	17,959
Trade Debtors	1,224,390	1,436,381	978,576	1,015,135	612,643	702,478	740,994	423,406	478,396	760,854	562,683	501,619	343,919	295,426	271,654
Group Debtors	2,933,000	2,422,600	0	1,401,800	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	65,136	127,900	128,534	87,652	97,261	312,751	77,465	81,073	96,253	0	0	0	0	0	0
Cash	527,354	173,128	292,310	403,521	1,392,333	785,705	617,302	605,361	440,077	596,863	399,433	606,357	384,547	261,252	128,036
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,794,880	4,205,009	1,462,670	2,928,108	2,163,637	1,933,223	1,468,188	1,140,138	1,035,177	1,380,168	1,045,255	1,128,465	748,470	576,292	417,649
total assets	5,004,853	4,376,629	3,596,987	3,152,598	2,380,269	2,176,416	1,727,413	1,447,294	1,348,076	1,724,267	1,402,777	1,497,775	1,154,727	1,000,312	875,803
Bank overdraft	20,016	20,000	20,000	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	0
Trade Creditors	600,732	550,628	383,952	281,355	317,892	282,426	189,540	183,577	189,317	1,214,713	496,895	580,719	405,052	370,590	592,221
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	5,468	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	389,256	380,179	308,853	286,620	165,044	208,997	179,967	180,227	210,184	0	0	0	0	0	0
total current liabilities	1,010,004	950,807	718,273	567,975	482,936	491,423	369,507	363,804	399,501	1,214,713	496,895	580,719	405,052	370,590	592,221
loans	35,027	55,051	75,000	100,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	23,282	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	62,090	18,270	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	29,260	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	126,377	73,321	98,282	100,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,136,381	1,024,128	816,555	667,975	482,936	491,423	369,507	363,804	399,501	1,214,713	496,895	580,719	405,052	370,590	592,221
net assets	3,868,472	3,352,501	2,780,432	2,484,623	1,897,333	1,684,993	1,357,906	1,083,490	948,575	509,554	905,882	917,056	749,675	629,722	283,582
total shareholders funds	3,868,472	3,352,501	2,780,432	2,484,623	1,897,333	1,684,993	1,357,906	1,083,490	948,575	509,554	905,882	917,056	749,675	629,722	283,582

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	676,891	705,083	369,168	727,201	261,059	398,550	335,729	167,337	546,184	-398,819	-13,688	217,761	160,484	479,777	390,766
Depreciation	69,983	36,461	42,783	31,467	17,708	28,497	26,454	34,390	25,438	24,142	20,265	15,150	25,767	20,234	23,644
Amortisation	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230	23,230
Tax	-171,990	-134,189	-69,387	-137,759	-49,808	-76,724	-64,369	-33,729	-109,755	0	0	-52,857	-42,146	-134,610	-109,504
Stock	0	-18,250	43,250	-41,400	-70,889	99,862	2,129	9,847	-2,000	-60,688	62,650	485	390	1,655	17,959
Debtors	235,645	967,571	514,723	1,794,683	-305,325	196,770	313,980	-70,170	-186,205	198,171	61,064	157,700	48,493	23,772	271,654
Creditors	50,104	166,676	102,597	-36,537	35,466	92,886	5,963	-5,740	-1,025,396	717,818	-83,824	175,667	34,462	-221,631	592,221
Accruals and Deferred Income	9,077	71,326	22,233	121,576	-43,953	29,030	-260	-29,957	210,184	0	0	0	0	0	0
Deferred Taxes & Provisions	29,260	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	450,910	-80,734	-67,349	-1,024,105	619,916	198,837	10,638	215,854	-141,910	228,888	-177,731	220,766	152,914	141,573	630,744
Investing Activities
capital expenditure	-131,566	-9,194	-63,640	-62,555	-14,377	-35,695	-1,753	-51,877	-17,468	-33,949	-31,707	-1,433	-31,234	-9,330	-505,028
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-131,566	-9,194	-63,640	-62,555	-14,377	-35,695	-1,753	-51,877	-17,468	-33,949	-31,707	-1,433	-31,234	-9,330	-505,028
Financing Activities
Bank loans	0	0	0	0	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	-20,024	-19,949	-25,000	100,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-28,750	28,750	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	43,820	18,270	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	2,000
interest	11,070	1,176	-3,972	-2,152	1,089	5,261	3,057	1,307	2,592	2,491	2,514	2,477	1,615	973	320
cash flow from financing	34,866	-29,253	-222	97,848	1,089	5,261	3,057	1,307	2,592	2,491	2,514	2,477	1,615	973	2,320
cash and cash equivalents
cash	354,226	-119,182	-111,211	-988,812	606,628	168,403	11,941	165,284	-156,786	197,430	-206,924	221,810	123,295	133,216	128,036
overdraft	16	0	20,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	354,210	-119,182	-131,211	-988,812	606,628	168,403	11,941	165,284	-156,786	197,430	-206,924	221,810	123,295	133,216	128,036

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VARICON (3D) DRIVES LIMITED group structure

Varicon (3D) Drives Limited has 1 subsidiary company.

Ultimate parent company

IMMY (MALVERN) LIMITED

13081760

1 parent

VARICON (3D) DRIVES LIMITED

06288190

1 subsidiary

VARICON DRIVES LTD

03037265

VARICON (3D) DRIVES LIMITED Shareholders

immy (malvern) limited

100%

Varicon (3D) Drives Limited currently has 2 directors. The longest serving directors include Mr Arturas Perminas (Jul 2018) and Mr James Chaplin (Jun 2022).

officer	country	age	start	end	role
Mr Arturas Perminas	England	50 years	Jul 2018	-	Director
Mr James Chaplin	England	40 years	Jun 2022	-	Director

P&L

March 2024

turnover

5.1m

-1%

operating profit

676.9k

gross margin

39.6%

-6.78%

turnover

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

Balance Sheet

March 2024

net assets

3.9m

+0.15%

total assets

+0.14%

cash

527.4k

+2.05%

net assets

Total assets minus all liabilities

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company number

06288190

Type

Private limited with Share Capital

industry

33140 - Repair of electrical equipment

incorporation date

June 2007

ultimate parent company

IMMY (MALVERN) LIMITED

previous names

varicon holdings limited (May 2009)

address

merebrook business park, hanley road, malvern, worcestershire, WR13 6NP

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 4 charges/mortgages relating to varicon (3d) drives limited. Currently there are 1 open charges and 3 have been satisfied in the past.

varicon (3d) drives limited Company Information

varicon (3d) drives limited Estimated Valuation

varicon (3d) drives limited Estimated Valuation

varicon (3d) drives limited Estimated Valuation

Varicon (3d) Drives Limited Overview

Varicon (3d) Drives Limited Health Check

VARICON (3D) DRIVES LIMITED financials

varicon (3d) drives limited Credit Report and Business Information

Varicon (3d) Drives Limited Competitor Analysis

varicon (3d) drives limited Ownership

varicon (3d) drives limited directors

varicon (3d) drives limited company details

varicon (3d) drives limited Charges & Mortgages

varicon (3d) drives limited Companies House Filings - See Documents