ice energy technologies limited
ice energy technologies limited Company Information
Company Number
06290057
Website
iceenergy.co.ukRegistered Address
5 temple square temple street, liverpool, L2 5RH
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
2675 days late
Group Structure
View All
Shareholders
andrew sheldon 28.3%
andrew hillier 20.9%
View Allice energy technologies limited Estimated Valuation
The estimated valuation range for ice energy technologies limited, derived from financial data as of March 2015 and the most recent industry multiples, is between £0 to £4.6m
ice energy technologies limited Estimated Valuation
The estimated valuation range for ice energy technologies limited, derived from financial data as of March 2015 and the most recent industry multiples, is between £0 to £4.6m
ice energy technologies limited Estimated Valuation
The estimated valuation range for ice energy technologies limited, derived from financial data as of March 2015 and the most recent industry multiples, is between £0 to £4.6m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Ice Energy Technologies Limited Overview
Ice Energy Technologies Limited is a live company located in liverpool, L2 5RH with a Companies House number of 06290057. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2007, it's largest shareholder is andrew sheldon with a 28.3% stake. Ice Energy Technologies Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.4m with declining growth in recent years.
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Ice Energy Technologies Limited Health Check
Pomanda's financial health check has awarded Ice Energy Technologies Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £9.4m, make it larger than the average company (£1.6m)
£9.4m - Ice Energy Technologies Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.1%)
-6% - Ice Energy Technologies Limited
4.1% - Industry AVG
Production
with a gross margin of 18.8%, this company has a higher cost of product (36.9%)
18.8% - Ice Energy Technologies Limited
36.9% - Industry AVG
Profitability
an operating margin of 11.7% make it more profitable than the average company (7%)
11.7% - Ice Energy Technologies Limited
7% - Industry AVG
Employees
with 62 employees, this is above the industry average (28)
62 - Ice Energy Technologies Limited
28 - Industry AVG
Pay Structure
on an average salary of £39.8k, the company has an equivalent pay structure (£35.6k)
£39.8k - Ice Energy Technologies Limited
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £151.7k, this is more efficient (£129.1k)
£151.7k - Ice Energy Technologies Limited
£129.1k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (40 days)
78 days - Ice Energy Technologies Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (35 days)
48 days - Ice Energy Technologies Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (26 days)
14 days - Ice Energy Technologies Limited
26 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (26 weeks)
14 weeks - Ice Energy Technologies Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.4%, this is a higher level of debt than the average (67.6%)
114.4% - Ice Energy Technologies Limited
67.6% - Industry AVG
ice energy technologies limited Credit Report and Business Information
Ice Energy Technologies Limited Competitor Analysis
Perform a competitor analysis for ice energy technologies limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ice energy technologies limited Ownership
ICE ENERGY TECHNOLOGIES LIMITED group structure
Ice Energy Technologies Limited has 2 subsidiary companies.
Ultimate parent company
ICE ENERGY TECHNOLOGIES LIMITED
06290057
2 subsidiaries
ice energy technologies limited directors
Ice Energy Technologies Limited currently has 3 directors. The longest serving directors include Mr Andrew Sheldon (Jun 2007) and Mr Andrew Hillier (Jun 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Sheldon | 73 years | Jun 2007 | - | Director | |
| Mr Andrew Hillier | United Kingdom | 56 years | Jun 2007 | - | Director |
| Mr Edwin Bannock | England | 66 years | Dec 2014 | - | Director |
ICE ENERGY TECHNOLOGIES LIMITED financials
Ice Energy Technologies Limited's latest turnover from March 2015 is £9.4 million and the company has net assets of -£667 thousand. According to their latest financial statements, Ice Energy Technologies Limited has 62 employees and maintains cash reserves of £813 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Turnover | 9,407,828 | 21,349,154 | 15,120,576 | 11,450,453 | 12,675,085 | 10,060,411 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,643,485 | 16,729,917 | 11,989,026 | 8,669,377 | 8,566,864 | 7,062,153 |
| Gross Profit | 1,764,343 | 4,619,237 | 3,131,550 | 2,781,076 | 4,108,221 | 2,998,258 |
| Admin Expenses | 665,074 | 4,414,018 | 4,455,314 | 4,135,854 | 4,708,028 | 4,075,966 |
| Operating Profit | 1,099,269 | 205,219 | -1,323,764 | -1,354,778 | -599,807 | -1,077,708 |
| Interest Payable | 217,813 | 151,811 | 79,695 | 54,040 | 44,638 | 37,695 |
| Interest Receivable | 0 | 0 | 0 | 0 | 5,735 | 10,466 |
| Pre-Tax Profit | 631,177 | 53,408 | -1,403,459 | -1,408,818 | -638,710 | -1,104,937 |
| Tax | -1,274 | 12,647 | 0 | 182,851 | -6,363 | 276,478 |
| Profit After Tax | 629,903 | 66,055 | -1,403,459 | -1,225,967 | -645,073 | -828,459 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 646,678 | 98,655 | -1,363,819 | -1,187,780 | -656,759 | -827,734 |
| Employee Costs | 2,468,604 | 2,873,815 | 2,546,224 | 2,643,884 | 2,355,079 | 2,379,360 |
| Number Of Employees | 62 | 72 | 69 | 79 | 76 | 78 |
| EBITDA* | 1,141,251 | 228,054 | -1,285,976 | -1,318,658 | -570,067 | -1,045,319 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 117,405 | 63,444 | 23,126 | 77,023 | 92,066 | 61,243 |
| Intangible Assets | 197,775 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 95,000 | 62,400 | 22,760 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 315,180 | 158,444 | 85,526 | 99,783 | 92,066 | 61,243 |
| Stock & work in progress | 308,418 | 559,757 | 276,127 | 312,942 | 305,931 | 274,063 |
| Trade Debtors | 2,012,204 | 2,436,051 | 1,646,407 | 1,091,167 | 2,245,243 | 2,809,345 |
| Group Debtors | 0 | 732,369 | 635,565 | 0 | 0 | 0 |
| Misc Debtors | 1,181,636 | 1,559,583 | 2,921,591 | 572,088 | 505,217 | 1,168,688 |
| Cash | 813,006 | 842,217 | 160,364 | 266,501 | 259,369 | 1,567 |
| misc current assets | 0 | 0 | 0 | 802,228 | 625,740 | 0 |
| total current assets | 4,315,264 | 6,129,977 | 5,640,054 | 3,044,926 | 3,941,500 | 4,253,663 |
| total assets | 4,630,444 | 6,288,421 | 5,725,580 | 3,144,709 | 4,033,566 | 4,314,906 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 512,611 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 28,498 |
| Trade Creditors | 1,021,118 | 1,714,747 | 1,784,184 | 1,960,070 | 1,582,835 | 1,771,175 |
| Group/Directors Accounts | 0 | 4,003,203 | 3,555,847 | 1,385,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 200,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,955,792 | 1,884,166 | 1,797,899 | 1,348,170 | 1,611,055 | 1,909,800 |
| total current liabilities | 2,976,910 | 7,602,116 | 7,137,930 | 4,693,240 | 3,193,890 | 4,422,084 |
| loans | 2,320,551 | 0 | 0 | 0 | 1,185,000 | 73,074 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,320,551 | 0 | 0 | 0 | 1,185,000 | 73,074 |
| total liabilities | 5,297,461 | 7,602,116 | 7,137,930 | 4,693,240 | 4,378,890 | 4,495,158 |
| net assets | -667,017 | -1,313,695 | -1,412,350 | -1,548,531 | -360,751 | -183,993 |
| total shareholders funds | -667,017 | -1,313,695 | -1,412,350 | -1,548,531 | -360,751 | -183,993 |
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,099,269 | 205,219 | -1,323,764 | -1,354,778 | -599,807 | -1,077,708 |
| Depreciation | 41,982 | 22,835 | 37,788 | 36,120 | 29,740 | 32,389 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,274 | 12,647 | 0 | 182,851 | -6,363 | 276,478 |
| Stock | -251,339 | 283,630 | -36,815 | 7,011 | 31,868 | 274,063 |
| Debtors | -1,534,163 | -475,560 | 3,540,308 | -1,087,205 | -1,227,573 | 3,978,033 |
| Creditors | -693,629 | -69,437 | -175,886 | 377,235 | -188,340 | 1,771,175 |
| Accruals and Deferred Income | 71,626 | 86,267 | 449,729 | -262,885 | -298,745 | 1,909,800 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,303,476 | 449,461 | -4,515,626 | 58,737 | 132,190 | -1,339,962 |
| Investing Activities | ||||||
| capital expenditure | -181,943 | -63,153 | 16,109 | -21,077 | -60,563 | -7,758 |
| Change in Investments | -95,000 | 32,600 | 39,640 | 22,760 | 0 | 0 |
| cash flow from investments | -86,943 | -95,753 | -23,531 | -43,837 | -60,563 | -7,758 |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | -28,498 | 28,498 |
| Group/Directors Accounts | -4,003,203 | 447,356 | 2,170,847 | 1,385,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -200,000 | 200,000 |
| Long term loans | 2,320,551 | 0 | 0 | -1,185,000 | 1,111,926 | 73,074 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -217,813 | -151,811 | -79,695 | -54,040 | -38,903 | -27,229 |
| cash flow from financing | -1,900,465 | 295,545 | 3,591,152 | 145,960 | 1,324,526 | 918,084 |
| cash and cash equivalents | ||||||
| cash | -29,211 | 681,853 | -106,137 | 7,132 | 257,802 | 1,567 |
| overdraft | 0 | 0 | 0 | 0 | -512,611 | 512,611 |
| change in cash | -29,211 | 681,853 | -106,137 | 7,132 | 770,413 | -511,044 |
P&L
March 2015turnover
9.4m
-56%
operating profit
1.1m
+436%
gross margin
18.8%
-13.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2015net assets
-667k
-0.49%
total assets
4.6m
-0.26%
cash
813k
-0.03%
net assets
Total assets minus all liabilities
ice energy technologies limited company details
company number
06290057
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 2007
age
17
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
5 temple square temple street, liverpool, L2 5RH
last accounts submitted
March 2015
ice energy technologies 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 ice energy technologies limited. Currently there are 0 open charges and 2 have been satisfied in the past.
ice energy technologies limited Companies House Filings - See Documents
| date | description | view/download |
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