Hilton Cannon Electrical Ltd

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hilton cannon electrical ltd Company Information

Live

EstablishedMidHigh

Company Number

07155678

Next Accounts

Nov 2025

Industry

Electrical installation

Directors

Kym Ellington

John Gorensweigh

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Shareholders

john gorensweigh

kym ellington

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Group Structure

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Contact

Registered Address

nova house 103/105 high street, arnold, nottingham, NG5 7DS

Website

http://cannonelectrical.co.uk

hilton cannon electrical ltd Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of HILTON CANNON ELECTRICAL LTD at £6.6m based on Net Assets of £2.4m and 2.75x industry multiple (adjusted for liquidity).

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Hilton Cannon Electrical Ltd is a live company located in nottingham, NG5 7DS with a Companies House number of 07155678. It operates in the electrical installation sector, SIC Code 43210. Founded in February 2010, it's largest shareholder is john gorensweigh with a 37.2% stake. Hilton Cannon Electrical Ltd is a established, mid sized company, Pomanda has estimated its turnover at £7m with high growth in recent years.

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Pomanda's financial health check has awarded Hilton Cannon Electrical Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

1 Weak

Size

annual sales of £7m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (11.1%)

EXPORT

Hilton Cannon Electrical Ltd's latest turnover from February 2024 is estimated at £7 million and the company has net assets of £2.4 million. According to their latest financial statements, Hilton Cannon Electrical Ltd has 18 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Turnover	7,029,934	8,994,478	3,527,175	3,929,153	4,454,524	4,746,767	1,721,597	3,265,451	3,329,287	2,553,490	2,923,646	3,056,263	3,987,407	2,501,979
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,204,306	6,654,736	2,640,131	2,942,035	3,329,817	3,485,251	1,236,014	2,322,397	2,327,799	1,772,547	2,040,658	2,067,868	2,655,085	1,561,009
Gross Profit	1,825,629	2,339,742	887,044	987,118	1,124,707	1,261,517	485,583	943,054	1,001,488	780,943	882,988	988,395	1,332,322	940,971
Admin Expenses	899,495	1,867,715	408,648	799,936	947,259	1,132,583	434,113	890,738	916,643	690,449	871,614	910,355	1,239,322	920,169
Operating Profit	926,134	472,027	478,396	187,182	177,448	128,934	51,470	52,316	84,845	90,494	11,374	78,040	93,000	20,802
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	116,266	59,915	5,245	952	6,415	4,220	1,421	841	1,777	669	1,168	1,181	541	324
Pre-Tax Profit	1,042,400	531,942	483,641	188,135	183,863	133,154	52,891	53,158	86,621	91,163	12,543	79,221	93,542	21,126
Tax	-260,600	-101,069	-91,892	-35,746	-34,934	-25,299	-10,049	-10,631	-17,324	-19,144	-2,885	-19,013	-24,321	-5,915
Profit After Tax	781,800	430,873	391,749	152,389	148,929	107,855	42,842	42,526	69,297	72,019	9,658	60,208	69,221	15,211
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	781,800	430,873	391,749	152,389	148,929	107,855	42,842	42,526	69,297	72,019	9,658	60,208	69,221	15,211
Employee Costs	802,086	788,231	717,811	557,042	574,031	1,534,815	545,191	1,011,510	953,122	675,801	751,299	844,406	1,191,870	799,686
Number Of Employees	18	19	18	14	14	38	14	25	24	17	20	23	32	22
EBITDA*	944,496	486,410	496,730	211,928	200,952	139,893	64,494	68,088	104,493	105,500	26,105	82,430	97,675	25,302

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Tangible Assets	54,940	71,200	52,298	69,747	94,289	44,939	37,056	46,920	25,316	17,167	27,923	29,338	9,774	14,449
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	174,743	174,743	174,743	174,743	174,743	127,400	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	229,683	245,943	227,041	244,490	269,032	172,339	37,056	46,920	25,316	17,167	27,923	29,338	9,774	14,449
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,388,579	1,824,016	800,550	794,070	595,627	635,488	276,407	598,276	429,427	440,678	503,842	396,533	625,478	358,437
Group Debtors	0	0	0	148,496	0	0	0	0	0	0	0	0	0	0
Misc Debtors	284,770	316,981	158,622	1,500	0	0	0	0	0	0	0	0	0	0
Cash	2,631,770	1,797,407	1,198,322	899,510	1,005,328	705,239	420,142	148,229	524,734	185,943	81,691	385,664	86,850	129,713
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,305,119	3,938,404	2,157,494	1,843,576	1,600,955	1,340,727	696,549	746,505	954,161	626,621	585,533	782,197	712,328	488,150
total assets	4,534,802	4,184,347	2,384,535	2,088,066	1,869,987	1,513,066	733,605	793,425	979,477	643,788	613,456	811,535	722,102	502,599
Bank overdraft	0	0	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
Trade Creditors	1,172,243	1,772,452	492,213	746,499	1,139,109	986,206	320,810	409,784	663,966	408,514	441,863	652,891	637,570	487,288
Group/Directors Accounts	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
hp & lease commitments	5,159	34,758	19,919	23,795	0	0	0	0	0	0	0	0	0	0
other current liabilities	929,783	726,352	650,266	464,255	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,107,185	2,533,562	1,162,398	1,234,549	1,139,109	986,206	320,810	409,784	663,966	408,514	441,863	652,891	637,570	487,288
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	19,401	24,561	30,361	50,280	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
other liabilities	0	0	0	0	74,075	29,057	26,715	36,846	15,744	6,656	13,113	13,904	0	0
provisions	13,539	13,347	9,772	12,982	18,937	8,866	4,998	8,555	4,053	2,201	4,082	0	0	0
total long term liabilities	32,940	37,908	40,133	63,262	93,012	37,923	31,713	45,401	19,797	8,857	17,195	13,904	0	0
total liabilities	2,140,125	2,571,470	1,202,531	1,297,811	1,232,121	1,024,129	352,523	455,185	683,763	417,371	459,058	666,795	637,570	487,288
net assets	2,394,677	1,612,877	1,182,004	790,255	637,866	488,937	381,082	338,240	295,714	226,417	154,398	144,740	84,532	15,311
total shareholders funds	2,394,677	1,612,877	1,182,004	790,255	637,866	488,937	381,082	338,240	295,714	226,417	154,398	144,740	84,532	15,311

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Operating Activities
Operating Profit	926,134	472,027	478,396	187,182	177,448	128,934	51,470	52,316	84,845	90,494	11,374	78,040	93,000	20,802
Depreciation	18,362	14,383	18,334	24,746	23,504	10,959	13,024	15,772	19,648	15,006	14,731	4,390	4,675	4,500
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-260,600	-101,069	-91,892	-35,746	-34,934	-25,299	-10,049	-10,631	-17,324	-19,144	-2,885	-19,013	-24,321	-5,915
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-467,648	1,181,825	15,106	348,439	-39,861	359,081	-321,869	168,849	-11,251	-63,164	107,309	-228,945	267,041	358,437
Creditors	-600,209	1,280,239	-254,286	-392,610	152,903	665,396	-88,974	-254,182	255,452	-33,349	-211,028	15,321	150,282	487,288
Accruals and Deferred Income	203,431	76,086	186,011	464,255	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	192	3,575	-3,210	-5,955	10,071	3,868	-3,557	4,502	1,852	-1,881	4,082	0	0	0
Cash flow from operations	754,958	563,416	318,247	-106,567	368,853	424,777	283,783	-361,072	355,724	114,290	-291,035	307,683	-43,405	148,238
Investing Activities
capital expenditure	-2,102	-33,285	-885	-204	-72,854	-18,842	-3,160	-37,376	-27,797	-4,250	-13,316	-23,954	0	-18,949
Change in Investments	0	0	0	0	47,343	127,400	0	0	0	0	0	0	0	0
cash flow from investments	-2,102	-33,285	-885	-204	-120,197	-146,242	-3,160	-37,376	-27,797	-4,250	-13,316	-23,954	0	-18,949
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-34,759	9,039	-23,795	74,075	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-74,075	45,018	2,342	-10,131	21,102	9,088	-6,457	-791	13,904	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	116,266	59,915	5,245	952	6,415	4,220	1,421	841	1,777	669	1,168	1,181	541	324
cash flow from financing	81,507	68,954	-18,550	952	51,433	6,562	-8,710	21,943	10,865	-5,788	377	15,085	541	424
cash and cash equivalents
cash	834,363	599,085	298,812	-105,818	300,089	285,097	271,913	-376,505	338,791	104,252	-303,973	298,814	-42,863	129,713
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	834,363	599,085	298,812	-105,818	300,089	285,097	271,913	-376,505	338,791	104,252	-303,973	298,814	-42,863	129,713

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for hilton cannon electrical ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in NG5 area or any other competitors across 12 key performance metrics.

HILTON CANNON ELECTRICAL LTD group structure

Hilton Cannon Electrical Ltd has 2 subsidiary companies.

Ultimate parent company

HILTON CANNON ELECTRICAL LTD

07155678

2 subsidiaries

FUSION NETWORK CABLING LTD

09556633

HILTON CANNON FACILITIES MAINTENANCE LTD

03640122

HILTON CANNON ELECTRICAL LTD Shareholders

john gorensweigh	37.18%
kym ellington	37.18%
andrew potter	25.65%

Hilton Cannon Electrical Ltd currently has 3 directors. The longest serving directors include Mr Kym Ellington (Mar 2010) and Mr John Gorensweigh (Mar 2010).

officer	country	age	start	end	role
Mr Kym Ellington	England	55 years	Mar 2010	-	Director
Mr John Gorensweigh	United Kingdom	60 years	Mar 2010	-	Director
Mr Andrew Potter	England	53 years	Mar 2011	-	Director

P&L

February 2024

turnover

-22%

operating profit

926.1k

gross margin

26%

-0.17%

turnover

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

Balance Sheet

February 2024

net assets

2.4m

+0.48%

total assets

4.5m

+0.08%

cash

2.6m

+0.46%

net assets

Total assets minus all liabilities

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company number

07155678

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

February 2010

ultimate parent company

None

previous names

castlegate 586 limited (March 2010)

address

nova house 103/105 high street, arnold, nottingham, NG5 7DS

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.

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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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hilton cannon electrical ltd Company Information

hilton cannon electrical ltd Estimated Valuation

hilton cannon electrical ltd Estimated Valuation

hilton cannon electrical ltd Estimated Valuation

Hilton Cannon Electrical Ltd Overview

Hilton Cannon Electrical Ltd Health Check

HILTON CANNON ELECTRICAL LTD financials

hilton cannon electrical ltd Credit Report and Business Information

Hilton Cannon Electrical Ltd Competitor Analysis

hilton cannon electrical ltd Ownership

hilton cannon electrical ltd directors

hilton cannon electrical ltd company details

hilton cannon electrical ltd Charges & Mortgages

hilton cannon electrical ltd Capital Raised & Share Issues BETA

hilton cannon electrical ltd Companies House Filings - See Documents