k b electrical solutions limited

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k b electrical solutions limited Company Information

Share K B ELECTRICAL SOLUTIONS LIMITED

Company Number

06825943

Shareholders

amy jessica benzie

keith douglas benzie

Group Structure

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Industry

Manufacture of electricity distribution and control apparatus

 

Registered Address

32 hayhill industrial estate, barrow upon soar, loughborough, leicestershire, LE12 8LD

k b electrical solutions limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of K B ELECTRICAL SOLUTIONS LIMITED at £1.1m based on a Turnover of £1.5m and 0.72x industry multiple (adjusted for size and gross margin).

k b electrical solutions limited Estimated Valuation

£722.7k

Pomanda estimates the enterprise value of K B ELECTRICAL SOLUTIONS LIMITED at £722.7k based on an EBITDA of £167k and a 4.33x industry multiple (adjusted for size and gross margin).

k b electrical solutions limited Estimated Valuation

£665.4k

Pomanda estimates the enterprise value of K B ELECTRICAL SOLUTIONS LIMITED at £665.4k based on Net Assets of £309.4k and 2.15x industry multiple (adjusted for liquidity).

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K B Electrical Solutions Limited Overview

K B Electrical Solutions Limited is a live company located in loughborough, LE12 8LD with a Companies House number of 06825943. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in February 2009, it's largest shareholder is amy jessica benzie with a 50% stake. K B Electrical Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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K B Electrical Solutions Limited Health Check

Pomanda's financial health check has awarded K B Electrical Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.5m, make it smaller than the average company (£16.4m)

£1.5m - K B Electrical Solutions Limited

£16.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (10.1%)

-3% - K B Electrical Solutions Limited

10.1% - Industry AVG

production

Production

with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)

28.2% - K B Electrical Solutions Limited

28.2% - Industry AVG

profitability

Profitability

an operating margin of 9% make it more profitable than the average company (7.1%)

9% - K B Electrical Solutions Limited

7.1% - Industry AVG

employees

Employees

with 18 employees, this is below the industry average (86)

18 - K B Electrical Solutions Limited

86 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.7k, the company has an equivalent pay structure (£52.7k)

£52.7k - K B Electrical Solutions Limited

£52.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85.7k, this is less efficient (£216.6k)

£85.7k - K B Electrical Solutions Limited

£216.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is earlier than average (62 days)

47 days - K B Electrical Solutions Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 25 days, this is quicker than average (41 days)

25 days - K B Electrical Solutions Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (95 days)

6 days - K B Electrical Solutions Limited

95 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (13 weeks)

40 weeks - K B Electrical Solutions Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 47.5%, this is a lower level of debt than the average (54.3%)

47.5% - K B Electrical Solutions Limited

54.3% - Industry AVG

K B ELECTRICAL SOLUTIONS LIMITED financials

EXPORTms excel logo

K B Electrical Solutions Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £309.4 thousand. According to their latest financial statements, K B Electrical Solutions Limited has 18 employees and maintains cash reserves of £173.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,542,9201,229,1431,961,6861,679,8531,409,4151,311,4281,773,859918,969780,270662,458870,257762,530495,263612,043623,526
Other Income Or Grants
Cost Of Sales1,108,628906,2941,444,2901,252,5391,038,955966,1271,327,592669,046579,968472,794639,104570,947361,077450,227460,771
Gross Profit434,293322,849517,396427,314370,460345,301446,267249,923200,303189,664231,153191,584134,187161,816162,756
Admin Expenses294,915359,846393,372419,520396,606326,103339,212319,586152,697153,127155,260190,227134,413157,743162,194
Operating Profit139,378-36,997124,0247,794-26,14619,198107,055-69,66347,60636,53775,8931,357-2264,073562
Interest Payable3,2814,0153,1781,525
Interest Receivable7,7363,057108626394493411352122
Pre-Tax Profit143,832-37,955120,9536,331-26,08319,291107,104-69,62947,71936,58975,8941,358-2264,075564
Tax-35,958-22,981-1,203-3,665-20,350-9,544-7,684-17,456-326-1,141-158
Profit After Tax107,874-37,95597,9725,128-26,08315,62686,754-69,62938,17528,90558,4381,032-2262,934406
Dividends Paid
Retained Profit107,874-37,95597,9725,128-26,08315,62686,754-69,62938,17528,90558,4381,032-2262,934406
Employee Costs947,991880,395994,564837,437710,789692,283626,607464,201464,164191,530236,897194,960134,710129,463157,721
Number Of Employees181820181717141212576445
EBITDA*167,030-2,816160,28250,49011,11960,436141,268-31,76980,90559,18194,86774,77616,74718,43214,924

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets163,971100,911145,354156,323135,094131,758130,59494,060135,99268,51058,16737,41929,71640,73436,242
Intangible Assets6,00012,00018,00024,00030,00036,00042,00048,00054,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets163,971100,911145,354156,323135,094131,758136,594106,060153,99292,51088,16773,41971,71688,73490,242
Stock & work in progress20,00020,00020,00020,00020,00042,27638,9603,0401,6546,4827,7507,0509,88224,57515,000
Trade Debtors201,287181,092431,152423,704273,160244,832465,392226,853163,820160,558203,143164,14283,36981,614101,478
Group Debtors
Misc Debtors30,08721,91750,6715,5304,8383,9913,6913,1883,219
Cash173,928120,76823,0895,613117,7087,78917,1652,41124,44120,772191828646
misc current assets
total current assets425,302343,777524,912454,847415,706298,888525,208235,492193,134187,812210,912171,37493,259106,189117,124
total assets589,273444,688670,266611,170550,800430,646661,802341,552347,126280,322299,079244,793164,975194,923207,366
Bank overdraft10,00010,00010,0005,833
Bank loan
Trade Creditors 78,70653,087196,176103,299201,01168,948245,66070,21034,659171,488221,219224,666155,916179,504185,683
Group/Directors Accounts
other short term finances
hp & lease commitments3,31712,63311,83211,91913,69331,72917,8788,4573,641
other current liabilities136,054127,410143,605255,609175,868148,635192,180161,485118,748
total current liabilities224,760193,814362,414376,573388,798231,276469,569249,573161,864175,129221,219224,666155,916179,504185,683
loans14,16724,16734,16744,167
hp & lease commitments6,63419,26711,91925,26619,08336,961
Accruals and Deferred Income
other liabilities3,6418,4963,52316,562
provisions40,99325,22827,61729,70125,66825,03420,17612,85918,63513,70211,6337,4835,9438,5544,713
total long term liabilities55,16049,39568,41893,13525,66836,95345,44231,94255,59613,70215,27415,9795,94312,07721,275
total liabilities279,920243,209430,832469,708414,466268,229515,011281,515217,460188,831236,493240,645161,859191,581206,958
net assets309,353201,479239,434141,462136,334162,417146,79160,037129,66691,49162,5864,1483,1163,342408
total shareholders funds309,353201,479239,434141,462136,334162,417146,79160,037129,66691,49162,5864,1483,1163,342408
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit139,378-36,997124,0247,794-26,14619,198107,055-69,66347,60636,53775,8931,357-2264,073562
Depreciation27,65234,18136,25842,69637,26535,23828,21331,89427,29916,64412,97437,41910,9738,3598,362
Amortisation6,0006,0006,0006,0006,0006,00036,0006,0006,0006,000
Tax-35,958-22,981-1,203-3,665-20,350-9,544-7,684-17,456-326-1,141-158
Stock-22,2763,31635,9201,386-4,828-1,268700-2,832-14,6939,57515,000
Debtors28,365-278,81452,589151,23629,175-220,260239,04263,0026,481-42,58539,00180,7731,755-19,864101,478
Creditors25,619-143,08992,877-97,712132,063-176,712175,45035,551-136,829-49,731-3,44768,750-23,588-6,179185,683
Accruals and Deferred Income8,644-16,195-112,00479,74127,233-43,54530,69542,737118,748
Deferred Taxes & Provisions15,765-2,389-2,0844,0336344,8587,317-5,7764,9332,0694,1501,540-2,6113,8414,713
Cash flow from operations152,735114,32563,501-115,887164,15058,31659,418-23,64556,56047,68838,41366,7993,48625,24288,684
Investing Activities
capital expenditure-90,71210,262-25,289-63,925-40,601-36,402-64,74710,038-94,781-26,987-33,722-75,12245-12,851-104,604
Change in Investments
cash flow from investments-90,71210,262-25,289-63,925-40,601-36,402-64,74710,038-94,781-26,987-33,722-75,12245-12,851-104,604
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-10,000-10,000-10,00044,167
Hire Purchase and Lease Commitments-3,317-15,950-11,83219,180-13,693-31,38320,034-8,45741,7773,641
other long term liabilities-3,641-4,8558,496-3,523-13,03916,562
share issue2
interest4,455-958-3,070-1,4636394493411352122
cash flow from financing-8,862-26,908-24,90261,884-13,630-31,28920,083-8,42341,89052-4,8548,496-3,523-13,03716,566
cash and cash equivalents
cash53,16097,67917,476-112,095109,919-9,37614,754-22,0303,66920,753-1631748-646646
overdraft4,1675,833
change in cash53,16097,67913,309-117,928109,919-9,37614,754-22,0303,66920,753-1631748-646646

k b electrical solutions limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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K B Electrical Solutions Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for k b electrical solutions limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LE12 area or any other competitors across 12 key performance metrics.

k b electrical solutions limited Ownership

K B ELECTRICAL SOLUTIONS LIMITED group structure

K B Electrical Solutions Limited has no subsidiary companies.

Ultimate parent company

K B ELECTRICAL SOLUTIONS LIMITED

06825943

K B ELECTRICAL SOLUTIONS LIMITED Shareholders

amy jessica benzie 50%
keith douglas benzie 50%

k b electrical solutions limited directors

K B Electrical Solutions Limited currently has 2 directors. The longest serving directors include Mr Keith Benzie (Feb 2009) and Mrs Amy Benzie (Feb 2014).

officercountryagestartendrole
Mr Keith BenzieEngland53 years Feb 2009- Director
Mrs Amy BenzieEngland48 years Feb 2014- Director

P&L

March 2024

turnover

1.5m

+26%

operating profit

139.4k

0%

gross margin

28.2%

+7.16%

turnover

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

Balance Sheet

March 2024

net assets

309.4k

+0.54%

total assets

589.3k

+0.33%

cash

173.9k

+0.44%

net assets

Total assets minus all liabilities

k b electrical solutions limited company details

company number

06825943

Type

Private limited with Share Capital

industry

27120 - Manufacture of electricity distribution and control apparatus

incorporation date

February 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

TORR WATERFIELD

auditor

-

address

32 hayhill industrial estate, barrow upon soar, loughborough, leicestershire, LE12 8LD

Bank

-

Legal Advisor

-

k b electrical solutions 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 1 charges/mortgages relating to k b electrical solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.

k b electrical solutions 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.

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k b electrical solutions limited Companies House Filings - See Documents

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