cierco ltd.
cierco ltd. Company Information
Company Number
07194189
Next Accounts
Sep 2025
Industry
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
Shareholders
cierco international
Group Structure
View All
Contact
Registered Address
c/o shepherd and wedderburn llp, octagon point, london, city of london, EC2V 6AA
Website
http://2benergy.comcierco ltd. Estimated Valuation
Pomanda estimates the enterprise value of CIERCO LTD. at £1.4m based on a Turnover of £2.6m and 0.54x industry multiple (adjusted for size and gross margin).
cierco ltd. Estimated Valuation
Pomanda estimates the enterprise value of CIERCO LTD. at £25.7m based on an EBITDA of £6.2m and a 4.17x industry multiple (adjusted for size and gross margin).
cierco ltd. Estimated Valuation
Pomanda estimates the enterprise value of CIERCO LTD. at £721.6k based on Net Assets of £350.1k and 2.06x industry multiple (adjusted for liquidity).
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Cierco Ltd. Overview
Cierco Ltd. is a live company located in london, EC2V 6AA with a Companies House number of 07194189. It operates in the manufacture of engines and turbines, except aircraft, vehicle and cycle engines sector, SIC Code 28110. Founded in March 2010, it's largest shareholder is cierco international with a 100% stake. Cierco Ltd. is a established, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.
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Cierco Ltd. Health Check
Pomanda's financial health check has awarded Cierco Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£28m)
- Cierco Ltd.
£28m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5%)
- Cierco Ltd.
5% - Industry AVG
Production
with a gross margin of 20.3%, this company has a comparable cost of product (20.3%)
- Cierco Ltd.
20.3% - Industry AVG
Profitability
an operating margin of 234.7% make it more profitable than the average company (4.7%)
- Cierco Ltd.
4.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (149)
15 - Cierco Ltd.
149 - Industry AVG
Pay Structure
on an average salary of £66.3k, the company has an equivalent pay structure (£66.3k)
- Cierco Ltd.
£66.3k - Industry AVG
Efficiency
resulting in sales per employee of £175.1k, this is less efficient (£354.2k)
- Cierco Ltd.
£354.2k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (52 days)
- Cierco Ltd.
52 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (39 days)
- Cierco Ltd.
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cierco Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (10 weeks)
27 weeks - Cierco Ltd.
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.6%, this is a higher level of debt than the average (53.7%)
65.6% - Cierco Ltd.
53.7% - Industry AVG
CIERCO LTD. financials
Cierco Ltd.'s latest turnover from December 2023 is estimated at £2.6 million and the company has net assets of £350.1 thousand. According to their latest financial statements, Cierco Ltd. has 15 employees and maintains cash reserves of £346.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 15 | 12 | 6 | 6 | 6 | 6 | 6 | 6 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,490 | 26,232 | 20,520 | 4,255 | 5,522 | 8,283 | 12,034 | 17,500 | 22,868 | 1,962 | 1,114 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 37,234 | 37,234 | 37,234 | 680,301 | 300 | 301 | 1 | 1 | 1 | 1 | 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 | 54,724 | 63,466 | 57,754 | 684,556 | 5,822 | 8,584 | 12,035 | 17,501 | 22,869 | 1,963 | 1,114 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 438,585 | 438,585 | 2,054,982 | 1,424,974 | 647,555 | 112,679 | 112,679 | 608,680 | 558,875 |
| Trade Debtors | 54,393 | 536,054 | 369,072 | 0 | 158,348 | 0 | 0 | 0 | 0 | 290,038 | 0 | 0 | 3,874 | 6,627 |
| Group Debtors | 117,983 | 117,983 | 117,983 | 1,719,999 | 3,553,625 | 3,299,265 | 2,641,264 | 177,234 | 116,298 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 445,483 | 526,060 | 0 | 35,643 | 317 | 145,531 | 384,679 | 32,188 | 267,070 | 0 | 0 | 0 | 0 | 0 |
| Cash | 346,606 | 77,121 | 303,393 | 8,753 | 14,067 | 46,718 | 10,783 | 553 | 632,628 | 47,844 | 4,960 | 64,996 | 109 | 14,504 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 964,465 | 1,257,218 | 790,448 | 1,764,395 | 3,726,357 | 3,930,099 | 3,475,311 | 2,264,957 | 2,440,970 | 985,437 | 117,639 | 177,675 | 612,663 | 580,006 |
| total assets | 1,019,189 | 1,320,684 | 848,202 | 2,448,951 | 3,732,179 | 3,938,683 | 3,487,346 | 2,282,458 | 2,463,839 | 987,400 | 118,753 | 177,675 | 612,663 | 580,006 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 10,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 287,305 | 431,428 | 12,540 | 275,285 | 138,393 | 399,843 | 389,585 | 75,359 | 35,817 | 314,017 | 434,549 | 303,496 | 635,449 | 594,764 |
| Group/Directors Accounts | 141,985 | 200 | 200 | 300 | 4,792,942 | 4,925,917 | 4,327,908 | 3,604,639 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 211,446 | 229,878 | 154,780 | 116,192 | 191,081 | 13,892 | 391,229 | 31,348 | 8,404 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 650,736 | 671,506 | 177,520 | 396,777 | 5,122,416 | 5,339,652 | 5,108,722 | 3,711,346 | 44,221 | 314,017 | 434,549 | 303,496 | 635,449 | 594,764 |
| loans | 15,000 | 4,725,000 | 4,735,000 | 4,745,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,352,512 | 1,287,659 | 0 | 0 | 0 | 0 |
| provisions | 3,323 | 4,984 | 3,899 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 18,323 | 4,729,984 | 4,738,899 | 4,745,000 | 0 | 0 | 0 | 0 | 3,352,512 | 1,287,659 | 0 | 0 | 0 | 0 |
| total liabilities | 669,059 | 5,401,490 | 4,916,419 | 5,141,777 | 5,122,416 | 5,339,652 | 5,108,722 | 3,711,346 | 3,396,733 | 1,601,676 | 434,549 | 303,496 | 635,449 | 594,764 |
| net assets | 350,130 | -4,080,806 | -4,068,217 | -2,692,826 | -1,390,237 | -1,400,969 | -1,621,376 | -1,428,888 | -932,894 | -614,276 | -315,796 | -125,821 | -22,786 | -14,758 |
| total shareholders funds | 350,130 | -4,080,806 | -4,068,217 | -2,692,826 | -1,390,237 | -1,400,969 | -1,621,376 | -1,428,888 | -932,894 | -614,276 | -315,796 | -125,821 | -22,786 | -14,758 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 8,742 | 8,491 | 3,614 | 2,761 | 4,018 | 5,937 | 8,702 | 4,463 | 806 | 102 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | -438,585 | 0 | -1,616,397 | 630,008 | 777,419 | 534,876 | 0 | -496,001 | 608,680 | 558,875 |
| Debtors | -562,238 | 693,042 | -1,268,587 | -1,956,648 | 267,494 | 418,853 | 2,816,521 | -173,946 | 93,330 | 290,038 | 0 | -3,874 | 3,874 | 6,627 |
| Creditors | -144,123 | 418,888 | -262,745 | 136,892 | -261,450 | 10,258 | 314,226 | 39,542 | -278,200 | -120,532 | 131,053 | -331,953 | 635,449 | 594,764 |
| Accruals and Deferred Income | -18,432 | 75,098 | 38,588 | -74,889 | 177,189 | -377,337 | 359,881 | 22,944 | 8,404 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -1,661 | 1,085 | 3,899 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -643,067 | 680,001 | -1 | 300 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 141,785 | 0 | -100 | -4,792,642 | -132,975 | 598,009 | 723,269 | 3,604,639 | 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 | -4,710,000 | -10,000 | -10,000 | 4,745,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,352,512 | 2,064,853 | 1,287,659 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 269,485 | -226,272 | 294,640 | -5,314 | -32,651 | 35,935 | 10,230 | -632,075 | 584,784 | 42,884 | -60,036 | 64,887 | 109 | 14,504 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 269,485 | -226,272 | 294,640 | -5,314 | -32,651 | 35,935 | 10,230 | -632,075 | 584,784 | 42,884 | -60,036 | 64,887 | 109 | 14,504 |
cierco ltd. Credit Report and Business Information
Cierco Ltd. Competitor Analysis
Perform a competitor analysis for cierco ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in EC2V area or any other competitors across 12 key performance metrics.
cierco ltd. Ownership
CIERCO LTD. group structure
Cierco Ltd. has 3 subsidiary companies.
Ultimate parent company
1 parent
CIERCO LTD.
07194189
3 subsidiaries
cierco ltd. directors
Cierco Ltd. currently has 2 directors. The longest serving directors include Mr Mikael Jakobsson (Mar 2010) and Mr Scott Harper (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mikael Jakobsson | 61 years | Mar 2010 | - | Director | |
| Mr Scott Harper | 55 years | Dec 2018 | - | Director |
P&L
December 2023turnover
2.6m
-30%
operating profit
6.2m
0%
gross margin
20.3%
+8.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
350.1k
-1.09%
total assets
1m
-0.23%
cash
346.6k
+3.49%
net assets
Total assets minus all liabilities
cierco ltd. company details
company number
07194189
Type
Private limited with Share Capital
industry
28110 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
incorporation date
March 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
2-b energy limited (March 2018)
accountant
EQ ACCOUNTANTS LIMITED
auditor
-
address
c/o shepherd and wedderburn llp, octagon point, london, city of london, EC2V 6AA
Bank
-
Legal Advisor
-
cierco ltd. 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 did not find charges/mortgages relating to cierco ltd..
cierco ltd. Companies House Filings - See Documents
| date | description | view/download |
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