The Ethical Renewable Company Ltd

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the ethical renewable company ltd Company Information

Live

EstablishedMidRapid

Company Number

07379781

Website

www.ethical-power.com

Registered Address

alexander house 1 mandarin road, rainton bridge business park, houghton le spring, sunderland, DH4 5RA

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

441726218618

Next Accounts Due

135 days late

Group Structure

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Directors

Nicholas Porter14 Years

Matthieu Hue1 Years

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Shareholders

edf energy renewables limited 100%

the ethical renewable company ltd Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of THE ETHICAL RENEWABLE COMPANY LTD at £4.2m based on an EBITDA of £1.2m and a 3.62x industry multiple (adjusted for size and gross margin).

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The Ethical Renewable Company Ltd is a live company located in houghton le spring, DH4 5RA with a Companies House number of 07379781. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 2010, it's largest shareholder is edf energy renewables limited with a 100% stake. The Ethical Renewable Company Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded The Ethical Renewable Company Ltd a 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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £5.1m, make it in line with the average company (£5.6m)

Growth

3 year (CAGR) sales growth of 64%, show it is growing at a faster rate (3.3%)

EXPORT

The Ethical Renewable Company Ltd's latest turnover from September 2022 is estimated at £5.1 million and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that The Ethical Renewable Company Ltd has 14 employees and maintains cash reserves of £388.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Turnover	5,100,418	4,025,381	323,892	1,159,517	652,618	254,026	224,710	68,868	43,428	27,032	0	1,951
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,421,178	3,511,381	279,821	996,991	556,850	215,712	188,128	58,040	36,784	22,814	0	1,612
Gross Profit	679,240	514,000	44,070	162,526	95,769	38,315	36,582	10,828	6,643	4,218	0	339
Admin Expenses	-397,278	107,571	-57,572	18,714	-30,868	-51,550	-28,095	-45,801	-29,264	-5,659	602	340
Operating Profit	1,076,518	406,429	101,642	143,812	126,637	89,865	64,677	56,629	35,907	9,877	-602	-1
Interest Payable	0	1,525	1,525	0	0	0	0	0	0	0	0	0
Interest Receivable	5,228	235	197	0	0	88	188	287	96	9	1	1
Pre-Tax Profit	1,081,746	405,138	100,314	143,812	126,637	89,953	64,865	56,916	36,003	9,886	-601	0
Tax	-205,532	-76,976	-19,060	-27,324	-24,061	-17,091	-12,973	-11,383	-7,561	-2,274	0	0
Profit After Tax	876,214	328,162	81,254	116,488	102,576	72,862	51,892	45,533	28,442	7,612	-601	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	876,214	328,162	81,254	116,488	102,576	72,862	51,892	45,533	28,442	7,612	-601	0
Employee Costs	601,762	589,776	84,351	169,753	83,648	39,772	39,470	39,413	37,563	36,951	0	35,521
Number Of Employees	14	14	2	4	2	1	1	1	1	1	0	1
EBITDA*	1,171,326	407,960	101,642	143,812	126,637	89,865	64,677	56,629	35,907	9,877	-602	-1

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Tangible Assets	660,550	309,099	6,130	4,204	145,246	145,246	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	246	246	245	0	0	0
Investments & Other	246	246	246	0	0	0	0	0	0	246	245	245
Debtors (Due After 1 year)	0	0	55,189	0	0	0	0	0	0	0	0	0
Total Fixed Assets	660,796	309,345	61,565	4,204	145,246	145,246	246	246	245	246	245	245
Stock & work in progress	664,087	947,667	75,335	0	0	0	0	0	0	0	0	0
Trade Debtors	1,532,191	785,551	60,546	456,278	223,620	88,167	78,851	16,610	10,974	8,113	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	17,364	0	0	0	0	0	0	0	0	0
Cash	388,500	76,174	393,043	0	0	0	70,415	79,875	34,928	3,464	36	337
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,584,778	1,809,392	546,288	456,278	223,620	88,167	149,266	96,485	45,902	11,577	36	337
total assets	3,245,574	2,118,737	607,853	460,482	368,866	233,413	149,512	96,731	46,147	11,823	281	582
Bank overdraft	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
Trade Creditors	796,229	1,052,175	0	35,678	60,550	27,673	16,550	15,661	10,610	4,728	0	579
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	51,711	0	0	0	0	0	0	0	879	0
total current liabilities	796,229	1,052,175	51,711	35,678	60,550	27,673	16,550	15,661	10,610	4,728	879	579
loans	0	0	50,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	738,827	232,258	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	738,827	232,258	50,000	0	0	0	0	0	0	0	0	0
total liabilities	1,535,056	1,284,433	101,711	35,678	60,550	27,673	16,550	15,661	10,610	4,728	879	579
net assets	1,710,518	834,304	506,142	424,804	308,316	205,740	132,962	81,070	35,537	7,095	-598	3
total shareholders funds	1,710,518	834,304	506,142	424,804	308,316	205,740	132,962	81,070	35,537	7,095	-598	3

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Operating Activities
Operating Profit	1,076,518	406,429	101,642	143,812	126,637	89,865	64,677	56,629	35,907	9,877	-602	-1
Depreciation	94,808	1,531	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-205,532	-76,976	-19,060	-27,324	-24,061	-17,091	-12,973	-11,383	-7,561	-2,274	0	0
Stock	-283,580	872,332	75,335	0	0	0	0	0	0	0	0	0
Debtors	746,640	652,452	-323,179	232,658	135,453	9,316	62,241	5,636	2,861	8,113	0	0
Creditors	-255,946	1,052,175	-35,678	-24,872	32,877	11,123	889	5,051	5,882	4,728	-579	579
Accruals and Deferred Income	0	-51,711	51,711	0	0	0	0	0	0	-879	879	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	246,788	-193,336	346,459	-141,042	0	74,581	-9,648	44,661	31,367	3,339	-302	578
Investing Activities
capital expenditure	-446,259	-304,500	-1,926	141,042	0	-145,000	0	-1	-245	0	0	0
Change in Investments	0	0	246	0	0	0	0	0	-246	1	0	245
cash flow from investments	-446,259	-304,500	-2,172	141,042	0	-145,000	0	-1	1	-1	0	-245
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-50,000	50,000	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
other long term liabilities	506,569	232,258	0	0	0	0	0	0	0	0	0	0
share issue	0	0	84	0	0	-84	0	0	0	81	0	3
interest	5,228	-1,290	-1,328	0	0	88	188	287	96	9	1	1
cash flow from financing	511,797	180,968	48,756	0	0	4	188	287	96	90	1	4
cash and cash equivalents
cash	312,326	-316,869	393,043	0	0	-70,415	-9,460	44,947	31,464	3,428	-301	337
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	312,326	-316,869	393,043	0	0	-70,415	-9,460	44,947	31,464	3,428	-301	337

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE ETHICAL RENEWABLE COMPANY LTD group structure

The Ethical Renewable Company Ltd has 1 subsidiary company.

Ultimate parent company

ELECTRICITE DE FRANCE SA

#0013854

EDF ENERGY RENEWABLES LIMITED

06456689

2 parents

THE ETHICAL RENEWABLE COMPANY LTD

07379781

1 subsidiary

GRIDFIT LTD

13256049

THE ETHICAL RENEWABLE COMPANY LTD Shareholders

edf energy renewables limited

100%

The Ethical Renewable Company Ltd currently has 5 directors. The longest serving directors include Mr Nicholas Porter (Sep 2010) and Mr Matthieu Hue (Sep 2023).

officer	country	age	start	end	role
Mr Nicholas Porter	England	48 years	Sep 2010	-	Director
Mr Matthieu Hue	England	49 years	Sep 2023	-	Director
Mr Jonathan O'Sullivan	England	46 years	Sep 2023	-	Director
Ms Rachael Kyle	England	35 years	Sep 2023	-	Director
Raghav Singh	England	44 years	Sep 2023	-	Director

P&L

September 2022

turnover

5.1m

+27%

operating profit

1.1m

gross margin

13.4%

+4.29%

turnover

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

Balance Sheet

September 2022

net assets

1.7m

+1.05%

total assets

3.2m

+0.53%

cash

388.5k

+4.1%

net assets

Total assets minus all liabilities

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company number

07379781

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

September 2010

ultimate parent company

ELECTRICITE DE FRANCE SA

previous names

N/A

address

alexander house 1 mandarin road, rainton bridge business park, houghton le spring, sunderland, DH4 5RA

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 the ethical renewable company ltd. Currently there are 2 open charges and 2 have been satisfied in the past.

the ethical renewable company ltd Company Information

the ethical renewable company ltd Estimated Valuation

the ethical renewable company ltd Estimated Valuation

the ethical renewable company ltd Estimated Valuation

The Ethical Renewable Company Ltd Overview

The Ethical Renewable Company Ltd Health Check

THE ETHICAL RENEWABLE COMPANY LTD financials

the ethical renewable company ltd Credit Report and Business Information

The Ethical Renewable Company Ltd Competitor Analysis

the ethical renewable company ltd Ownership

the ethical renewable company ltd directors

the ethical renewable company ltd company details

the ethical renewable company ltd Charges & Mortgages

the ethical renewable company ltd Companies House Filings - See Documents