Approved Power Services Ltd

POWER SEARCH PRICING

SOLUTIONS

approved power services ltd Company Information

Company Number

06788221

Next Accounts

Dec 2025

Directors

Paul Oakes

Shareholders

dap engineering ltd

Group Structure

View All

Industry

Transmission of electricity

Registered Address

77-81 corporation street, st. helens, WA10 1SX

Website

https://www.approvedpowerservices.com

approved power services ltd Estimated Valuation

£22.2m

Pomanda estimates the enterprise value of APPROVED POWER SERVICES LTD at £22.2m based on a Turnover of £13.1m and 1.69x industry multiple (adjusted for size and gross margin).

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Approved Power Services Ltd is a live company located in st. helens, WA10 1SX with a Companies House number of 06788221. It operates in the transmission of electricity sector, SIC Code 35120. Founded in January 2009, it's largest shareholder is dap engineering ltd with a 100% stake. Approved Power Services Ltd is a established, mid sized company, Pomanda has estimated its turnover at £13.1m with high growth in recent years.

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Pomanda's financial health check has awarded Approved Power Services Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £13.1m, make it larger than the average company (£9.2m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.9%)

EXPORT

Approved Power Services Ltd's latest turnover from March 2024 is estimated at £13.1 million and the company has net assets of £1.4 million. According to their latest financial statements, Approved Power Services Ltd has 48 employees and maintains cash reserves of £520.5 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	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	13,133,062	11,146,843	10,494,583	8,629,442	11,825,523	6,556,915	7,134,014	6,550,437	3,960,757	5,084,049	1,969,872	3,036,342	4,829,327	2,847,196	3,618,142
Other Income Or Grants
Cost Of Sales	8,825,750	7,178,618	6,212,714	5,897,841	8,775,452	4,717,728	5,149,839	4,850,850	2,915,748	3,881,979	1,354,563	2,306,032	3,574,172	2,326,682	3,090,286
Gross Profit	4,307,312	3,968,225	4,281,870	2,731,600	3,050,071	1,839,187	1,984,175	1,699,587	1,045,010	1,202,070	615,308	730,310	1,255,155	520,514	527,856
Admin Expenses	3,798,712	3,774,403	3,867,057	2,722,877	3,039,989	1,774,773	1,962,945	1,672,171	4,053,821	301,679	172,254	-200,385	118,638	-47,751	104,920
Operating Profit	508,600	193,822	414,813	8,723	10,082	64,414	21,230	27,416	-3,008,811	900,391	443,054	930,695	1,136,517	568,265	422,936
Interest Payable
Interest Receivable	27,536	23,874	3,722	367	319	1,240	1,114	1,095	6,597	10,911	10,217	7,287	3,791	1,326	68
Pre-Tax Profit	536,136	217,696	418,536	9,090	10,401	65,654	22,344	28,511	-3,002,214	911,301	453,271	937,982	1,140,308	569,591	423,004
Tax	-134,034	-41,362	-79,522	-1,727	-1,976	-12,474	-4,245	-5,702		-182,260	-95,187	-215,736	-273,674	-148,094	-118,441
Profit After Tax	402,102	176,334	339,014	7,363	8,425	53,180	18,099	22,809	-3,002,214	729,041	358,084	722,246	866,634	421,497	304,563
Dividends Paid
Retained Profit	402,102	176,334	339,014	7,363	8,425	53,180	18,099	22,809	-3,002,214	729,041	358,084	722,246	866,634	421,497	304,563
Employee Costs	3,830,319	3,432,421	3,052,519	2,789,698	2,942,054	2,975,015	2,891,464	2,841,410	68,409	75,685	52,667	63,698	62,678	52,438	63,963
Number Of Employees	48	48	47	47	47	46	44	43	1	1	1	1	1	1	1
EBITDA*	530,534	221,157	440,775	27,658	32,815	88,488	38,580	38,925	-2,997,677	913,977	457,371	949,719	1,151,633	577,447	424,545

* 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	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	55,383	74,985	77,883	56,806	68,193	72,221	52,046	34,525	33,403	44,537	40,803	55,514	74,538	43,729	28,339
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	55,383	74,985	77,883	56,806	68,193	72,221	52,046	34,525	33,403	44,537	40,803	55,514	74,538	43,729	28,339
Stock & work in progress	819,534	2,410,528	2,490,945	2,641,125	1,403,111	687,006	658,274	20,000	337,600	168,235	220,620	74,186	49,461	79,484	39,954
Trade Debtors	2,365,122	2,248,805	2,245,861	2,104,165	3,313,119	2,863,403	2,743,924	2,788,188	1,164,261	1,284,778	319,584	546,177	841,664	420,106	538,893
Group Debtors
Misc Debtors
Cash	520,473	528,518	594,967	397,695	336,443	301,130	29,581	416,098	460,024	2,178,956	2,185,301	1,901,328	1,013,291	503,088	27,178
misc current assets
total current assets	3,705,129	5,187,851	5,331,773	5,142,985	5,052,673	3,851,539	3,431,779	3,224,286	1,961,885	3,631,969	2,725,505	2,521,691	1,904,416	1,002,678	606,025
total assets	3,760,512	5,262,836	5,409,656	5,199,791	5,120,866	3,923,760	3,483,825	3,258,811	1,995,288	3,676,506	2,766,308	2,577,205	1,978,954	1,046,407	634,364
Bank overdraft
Bank loan
Trade Creditors	1,944,346	3,682,105	3,824,722	3,575,585	4,618,402	3,429,721	3,042,966	2,836,051	1,595,337	274,341	93,184	262,165	386,160	320,247	329,701
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	1,944,346	3,682,105	3,824,722	3,575,585	4,618,402	3,429,721	3,042,966	2,836,051	1,595,337	274,341	93,184	262,165	386,160	320,247	329,701
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	388,889	555,556	736,093	1,114,379
provisions
total long term liabilities	388,889	555,556	736,093	1,114,379
total liabilities	2,333,235	4,237,661	4,560,815	4,689,964	4,618,402	3,429,721	3,042,966	2,836,051	1,595,337	274,341	93,184	262,165	386,160	320,247	329,701
net assets	1,427,277	1,025,175	848,841	509,827	502,464	494,039	440,859	422,760	399,951	3,402,165	2,673,124	2,315,040	1,592,794	726,160	304,663
total shareholders funds	1,427,277	1,025,175	848,841	509,827	502,464	494,039	440,859	422,760	399,951	3,402,165	2,673,124	2,315,040	1,592,794	726,160	304,663

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	508,600	193,822	414,813	8,723	10,082	64,414	21,230	27,416	-3,008,811	900,391	443,054	930,695	1,136,517	568,265	422,936
Depreciation	21,934	27,335	25,962	18,935	22,733	24,074	17,350	11,509	11,134	13,586	14,317	19,024	15,116	9,182	1,609
Amortisation
Tax	-134,034	-41,362	-79,522	-1,727	-1,976	-12,474	-4,245	-5,702		-182,260	-95,187	-215,736	-273,674	-148,094	-118,441
Stock	-1,590,994	-80,417	-150,180	1,238,014	716,105	28,732	638,274	-317,600	169,365	-52,385	146,434	24,725	-30,023	39,530	39,954
Debtors	116,317	2,944	141,696	-1,208,954	449,716	119,479	-44,264	1,623,927	-120,517	965,194	-226,593	-295,487	421,558	-118,787	538,893
Creditors	-1,737,759	-142,617	249,137	-1,042,817	1,188,681	386,755	206,915	1,240,714	1,320,996	181,157	-168,981	-123,995	65,913	-9,454	329,701
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	133,418	114,651	618,874	-1,045,946	53,699	314,558	-352,760	-32,390	-1,725,529	65	273,362	880,750	552,337	499,156	56,958
Investing Activities
capital expenditure	-2,332	-24,437	-47,039	-7,548	-18,705	-44,249	-34,871	-12,631		-17,320	394		-45,925	-24,572	-29,948
Change in Investments
cash flow from investments	-2,332	-24,437	-47,039	-7,548	-18,705	-44,249	-34,871	-12,631		-17,320	394		-45,925	-24,572	-29,948
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-166,667	-180,537	-378,286	1,114,379
share issue															100
interest	27,536	23,874	3,722	367	319	1,240	1,114	1,095	6,597	10,911	10,217	7,287	3,791	1,326	68
cash flow from financing	-139,131	-156,663	-374,564	1,114,746	319	1,240	1,114	1,095	6,597	10,911	10,217	7,287	3,791	1,326	168
cash and cash equivalents
cash	-8,045	-66,449	197,272	61,252	35,313	271,549	-386,517	-43,926	-1,718,932	-6,345	283,973	888,037	510,203	475,910	27,178
overdraft
change in cash	-8,045	-66,449	197,272	61,252	35,313	271,549	-386,517	-43,926	-1,718,932	-6,345	283,973	888,037	510,203	475,910	27,178

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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APPROVED POWER SERVICES LTD group structure

Approved Power Services Ltd has no subsidiary companies.

Ultimate parent company

DAP ENGINEERING LIMITED

08664163

1 parent

APPROVED POWER SERVICES LTD

06788221

APPROVED POWER SERVICES LTD Shareholders

dap engineering ltd

100%

Approved Power Services Ltd currently has 1 director, Mr Paul Oakes serving since May 2015.

officer	country	age	start	end	role
Mr Paul Oakes		45 years	May 2015	-	Director

P&L

March 2024

turnover

13.1m

+18%

operating profit

508.6k

gross margin

32.8%

-7.87%

turnover

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

Balance Sheet

March 2024

net assets

1.4m

+0.39%

total assets

3.8m

-0.29%

cash

520.5k

-0.02%

net assets

Total assets minus all liabilities

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company number

06788221

Type

Private limited with Share Capital

industry

35120 - Transmission of electricity

incorporation date

January 2009

ultimate parent company

DAP ENGINEERING LIMITED

previous names

N/A

address

77-81 corporation street, st. helens, WA10 1SX

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 approved power services ltd. Currently there are 2 open charges and 2 have been satisfied in the past.

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approved power services ltd Company Information

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approved power services ltd Estimated Valuation

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