London Electrical Solutions Limited

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london electrical solutions limited Company Information

Live

EstablishedSmallRapid

Company Number

07345611

Website

www.londonelectricalsolutions.com

Registered Address

unit 15 greenwich business centr, 53 norman road, london, SE10 9QF

Industry

Electrical installation

Telephone

02033971522

Next Accounts Due

May 2025

Group Structure

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Directors

Michael Slabber14 Years

Shareholders

michael john slabber 74.9%

peter berry 25.1%

london electrical solutions limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of LONDON ELECTRICAL SOLUTIONS LIMITED at £1m based on Net Assets of £338.7k and 3.05x industry multiple (adjusted for liquidity).

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London Electrical Solutions Limited is a live company located in london, SE10 9QF with a Companies House number of 07345611. It operates in the electrical installation sector, SIC Code 43210. Founded in August 2010, it's largest shareholder is michael john slabber with a 74.9% stake. London Electrical Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded London Electrical Solutions Limited a 4 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

Health Rating4out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £1.3m, make it larger than the average company (£839.6k)

Growth

3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (7.8%)

EXPORT

London Electrical Solutions Limited's latest turnover from August 2023 is estimated at £1.3 million and the company has net assets of £338.7 thousand. According to their latest financial statements, London Electrical Solutions Limited has 17 employees and maintains cash reserves of £76.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Turnover	1,313,779	888,866	472,930	462,249	531,919	420,138	210,035	121,407	124,606	121,481	66,107	37,398	55,585
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,095,514	740,440	401,182	385,147	435,641	347,236	172,300	98,823	101,409	99,833	53,155	30,120	44,147
Gross Profit	218,265	148,427	71,748	77,102	96,279	72,901	37,735	22,584	23,197	21,648	12,953	7,278	11,438
Admin Expenses	171,455	109,421	-123,447	203,065	-50,821	42,597	42,982	-11,808	21,087	13,056	-476	2,346	24,255
Operating Profit	46,810	39,006	195,195	-125,963	147,100	30,304	-5,247	34,392	2,110	8,592	13,429	4,932	-12,817
Interest Payable	0	4,585	6,773	3,812	1,284	1,226	945	335	0	0	0	0	0
Interest Receivable	6,369	4,532	271	119	259	225	118	119	140	109	46	8	3
Pre-Tax Profit	53,179	38,953	188,693	-129,656	146,075	29,302	-6,074	34,176	2,250	8,701	13,475	4,941	-12,814
Tax	-13,295	-7,401	-35,852	0	-27,754	-5,567	0	-6,835	-450	-1,827	-3,099	-1,186	0
Profit After Tax	39,884	31,552	152,841	-129,656	118,321	23,735	-6,074	27,341	1,800	6,874	10,376	3,755	-12,814
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,884	31,552	152,841	-129,656	118,321	23,735	-6,074	27,341	1,800	6,874	10,376	3,755	-12,814
Employee Costs	710,325	585,826	468,400	379,648	281,595	315,032	193,476	158,735	40,300	39,216	37,325	37,068	36,702
Number Of Employees	17	15	12	10	7	8	5	4	1	1	1	1	1
EBITDA*	114,688	108,611	247,496	-72,767	186,121	62,221	14,576	46,912	8,550	10,961	14,854	6,357	-11,392

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Tangible Assets	192,565	206,592	183,406	90,869	76,120	115,140	76,128	30,101	42,621	21,713	1,425	2,850	4,275
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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
Total Fixed Assets	192,565	206,592	183,406	90,869	76,120	115,140	76,128	30,101	42,621	21,713	1,425	2,850	4,275
Stock & work in progress	12,042	14,600	13,800	0	3,500	3,500	0	0	0	0	0	0	0
Trade Debtors	430,189	246,217	167,649	131,805	211,076	128,795	45,901	18,341	17,683	21,611	10,576	4,341	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	63,773	13,454	53,157	10,374	13,282	0	0	0	0	0	0
Cash	76,233	178,511	339,405	201,929	36,483	32,502	27,391	67,000	28,493	27,553	16,161	2,353	1,023
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	518,464	439,328	584,627	347,188	304,216	175,171	86,574	85,341	46,176	49,164	26,737	6,694	1,023
total assets	711,029	645,920	768,033	438,057	380,336	290,311	162,702	115,442	88,797	70,877	28,162	9,544	5,298
Bank overdraft	0	0	18,182	0	21,251	16,789	19,535	10,713	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	283,953	228,260	50,205	42,872	55,558	64,747	32,652	3,022	51,776	47,649	26,843	18,601	18,110
Group/Directors Accounts	0	0	0	12,827	0	8,695	0	0	0	0	0	0	0
other short term finances	0	0	33,479	3,745	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	31,318	35,076	0	31,238	0	0	0	0	0	0	0
other current liabilities	0	0	226,407	75,650	68,585	47,905	27,971	48,069	0	0	0	0	0
total current liabilities	283,953	228,260	359,591	170,170	145,394	169,374	80,158	61,804	51,776	47,649	26,843	18,601	18,110
loans	0	0	66,666	100,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	46,304	42,829	39,749	44,065	36,820	16,304	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	57,287	85,444	0	0	0	0	0	0	27,028	15,035	0	0	0
provisions	31,041	33,352	28,160	10,587	21,877	21,877	14,464	0	0	0	0	0	0
total long term liabilities	88,328	118,796	141,130	153,416	61,626	65,942	51,284	16,304	27,028	15,035	0	0	0
total liabilities	372,281	347,056	500,721	323,586	207,020	235,316	131,442	78,108	78,804	62,684	26,843	18,601	18,110
net assets	338,748	298,864	267,312	114,471	173,316	54,995	31,260	37,334	9,993	8,193	1,319	-9,057	-12,812
total shareholders funds	338,748	298,864	267,312	114,471	173,316	54,995	31,260	37,334	9,993	8,193	1,319	-9,057	-12,812

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Operating Activities
Operating Profit	46,810	39,006	195,195	-125,963	147,100	30,304	-5,247	34,392	2,110	8,592	13,429	4,932	-12,817
Depreciation	67,878	69,605	52,301	53,196	39,021	31,917	19,823	12,520	6,440	2,369	1,425	1,425	1,425
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,295	-7,401	-35,852	0	-27,754	-5,567	0	-6,835	-450	-1,827	-3,099	-1,186	0
Stock	-2,558	800	13,800	-3,500	0	3,500	0	0	0	0	0	0	0
Debtors	183,972	14,795	86,163	-118,974	125,064	79,986	40,842	658	-3,928	11,035	6,235	4,341	0
Creditors	55,693	178,055	7,333	-12,686	-9,189	32,095	29,630	-48,754	4,127	20,806	8,242	491	18,110
Accruals and Deferred Income	0	-226,407	150,757	7,065	20,680	19,934	-20,098	48,069	0	0	0	0	0
Deferred Taxes & Provisions	-2,311	5,192	17,573	-11,290	0	7,413	14,464	0	0	0	0	0	0
Cash flow from operations	-26,639	42,455	287,344	32,796	44,794	32,610	-2,270	38,734	16,155	18,905	13,762	1,321	6,718
Investing Activities
capital expenditure	-53,851	-92,791	-144,838	-67,945	-1	-70,929	-65,850	0	-27,348	-22,657	0	0	-5,700
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-53,851	-92,791	-144,838	-67,945	-1	-70,929	-65,850	0	-27,348	-22,657	0	0	-5,700
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-12,827	12,827	-8,695	8,695	0	0	0	0	0	0	0
Other Short Term Loans	0	-33,479	29,734	3,745	0	0	0	0	0	0	0	0	0
Long term loans	0	-66,666	-33,334	100,000	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-77,622	-283	38,156	-35,554	38,483	20,516	16,304	0	0	0	0	0
other long term liabilities	-28,157	85,444	0	0	0	0	0	-27,028	11,993	15,035	0	0	0
share issue	0	0	0	70,811	0	0	0	0	0	0	0	0	2
interest	6,369	-53	-6,502	-3,693	-1,025	-1,001	-827	-216	140	109	46	8	3
cash flow from financing	-21,788	-92,376	-23,212	221,846	-45,274	46,177	19,689	-10,940	12,133	15,144	46	8	5
cash and cash equivalents
cash	-102,278	-160,894	137,476	165,446	3,981	5,111	-39,609	38,507	940	11,392	13,808	1,330	1,023
overdraft	0	-18,182	18,182	-21,251	4,462	-2,746	8,822	10,713	0	0	0	0	0
change in cash	-102,278	-142,712	119,294	186,697	-481	7,857	-48,431	27,794	940	11,392	13,808	1,330	1,023

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LONDON ELECTRICAL SOLUTIONS LIMITED group structure

London Electrical Solutions Limited has no subsidiary companies.

Ultimate parent company

LONDON ELECTRICAL SOLUTIONS LIMITED

07345611

LONDON ELECTRICAL SOLUTIONS LIMITED Shareholders

michael john slabber	74.91%
peter berry	25.09%

London Electrical Solutions Limited currently has 1 director, Mr Michael Slabber serving since Aug 2010.

officer	country	age	start	end	role
Mr Michael Slabber	England	40 years	Aug 2010	-	Director

P&L

August 2023

turnover

1.3m

+48%

operating profit

46.8k

gross margin

16.7%

-0.51%

turnover

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

Balance Sheet

August 2023

net assets

338.7k

+0.13%

total assets

711k

+0.1%

cash

76.2k

-0.57%

net assets

Total assets minus all liabilities

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company number

07345611

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

August 2010

ultimate parent company

None

previous names

N/A

address

unit 15 greenwich business centr, 53 norman road, london, SE10 9QF

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 london electrical solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.

london electrical solutions limited Company Information

london electrical solutions limited Estimated Valuation

london electrical solutions limited Estimated Valuation

london electrical solutions limited Estimated Valuation

London Electrical Solutions Limited Overview

London Electrical Solutions Limited Health Check

LONDON ELECTRICAL SOLUTIONS LIMITED financials

london electrical solutions limited Credit Report and Business Information

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london electrical solutions limited Ownership

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