Ohmega Electrical Ltd

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ohmega electrical ltd Company Information

Live

EstablishedMidHealthy

Company Number

07698294

Website

www.ohmegaelectrical.com

Registered Address

unit 7b, asquith business park, asquith avenue, leeds, west yorkshire, LS27 7RZ

Industry

Electrical installation

Telephone

01132524973

Next Accounts Due

December 2024

Group Structure

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Directors

Andrew Hunter12 Years

Mark Appleyard12 Years

Shareholders

andrew ian hunter 48.5%

mark appleyard 48.5%

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ohmega electrical ltd Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of OHMEGA ELECTRICAL LTD at £2.9m based on a Turnover of £6.7m and 0.44x industry multiple (adjusted for size and gross margin).

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Ohmega Electrical Ltd is a live company located in leeds, LS27 7RZ with a Companies House number of 07698294. It operates in the electrical installation sector, SIC Code 43210. Founded in July 2011, it's largest shareholder is andrew ian hunter with a 48.5% stake. Ohmega Electrical Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ohmega Electrical Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £6.7m, make it larger than the average company (£944.8k)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OHMEGA ELECTRICAL LTD group structure

Ohmega Electrical Ltd has no subsidiary companies.

Ultimate parent company

OHMEGA ELECTRICAL LTD

07698294

OHMEGA ELECTRICAL LTD Shareholders

andrew ian hunter	48.54%
mark appleyard	48.54%
adele appleyard	0.97%
jenna pennington	0.97%
jordan hargreaves	0.97%

Ohmega Electrical Ltd currently has 2 directors. The longest serving directors include Mr Andrew Hunter (Jul 2011) and Mr Mark Appleyard (Jul 2011).

officer	country	age	start	end	role
Mr Andrew Hunter	United Kingdom	41 years	Jul 2011	-	Director
Mr Mark Appleyard	England	37 years	Jul 2011	-	Director

EXPORT

Ohmega Electrical Ltd's latest turnover from March 2023 is estimated at £6.7 million and the company has net assets of £99.5 thousand. According to their latest financial statements, Ohmega Electrical Ltd has 6 employees and maintains cash reserves of £373.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jul 2014	Jul 2013	Jul 2012
Turnover	6,707,568	4,344,126	3,315,937	4,648,843	5,494,502	4,685,044	2,616,417	1,262,838	799,687	385,934	157,677	163,715
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,994,403	3,250,022	2,484,638	3,458,987	3,995,246	3,373,671	1,863,260	881,954	552,843	266,993	108,305	108,340
Gross Profit	1,713,165	1,094,105	831,298	1,189,856	1,499,257	1,311,373	753,157	380,884	246,844	118,941	49,371	55,375
Admin Expenses	1,714,477	1,079,026	828,483	1,192,949	1,498,448	1,295,930	729,508	347,934	245,554	122,398	29,648	24,838
Operating Profit	-1,312	15,079	2,815	-3,093	809	15,443	23,649	32,950	1,290	-3,457	19,723	30,537
Interest Payable	25,113	16,538	7,473	0	0	0	0	0	0	0	0	0
Interest Receivable	23,069	8,873	1,391	1,176	6,441	1,736	304	158	241	240	81	34
Pre-Tax Profit	-3,356	7,415	-3,266	-1,917	7,251	17,179	23,954	33,108	1,530	-3,217	19,804	30,571
Tax	0	-1,409	0	0	-1,378	-3,264	-4,791	-6,621	-321	0	-4,555	-7,337
Profit After Tax	-3,356	6,006	-3,266	-1,917	5,873	13,915	19,163	26,486	1,209	-3,217	15,249	23,234
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,356	6,006	-3,266	-1,917	5,873	13,915	19,163	26,486	1,209	-3,217	15,249	23,234
Employee Costs	247,092	391,967	379,240	390,166	1,799,596	1,457,652	796,311	357,442	238,161	116,451	74,408	73,907
Number Of Employees	6	10	10	10	45	38	20	9	6	3	2	2
EBITDA*	4,510	22,355	11,912	8,277	6,748	22,867	31,379	36,312	6,312	505	24,496	30,831

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jul 2014	Jul 2013	Jul 2012
Tangible Assets	23,286	29,108	36,384	45,481	23,757	29,696	30,920	13,447	15,064	15,016	13,826	884
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	23,286	29,108	36,384	45,481	23,757	29,696	30,920	13,447	15,064	15,016	13,826	884
Stock & work in progress	0	0	1,562	1,562	750	750	0	0	94,750	750	9,050	0
Trade Debtors	1,998,483	815,787	416,183	1,039,606	1,038,622	949,915	538,164	298,312	48,957	51,776	23,321	29,875
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	373,620	711,959	1,654,127	1,128,857	1,222,844	494,877	199,638	43,928	19,247	77,032	18,923	13,588
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,372,103	1,527,746	2,071,872	2,170,025	2,262,216	1,445,542	737,802	342,240	162,954	129,558	51,294	43,463
total assets	2,395,389	1,556,854	2,108,256	2,215,506	2,285,973	1,475,238	768,722	355,687	178,018	144,574	65,120	44,347
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	574,618	1,009,445	1,210,319	938,754	977,690	806,323	236,969	36,569	138,536	106,303	23,870	21,111
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	1,473,286	196,568	553,102	751,530	336,453	391,368	281,674	89,254	0	0	0	0
total current liabilities	2,047,904	1,206,013	1,763,421	1,690,284	1,314,143	1,197,691	518,643	125,823	138,536	106,303	23,870	21,111
loans	245,000	245,000	245,000	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	0	0	0	422,121	866,812	178,402	164,849	163,896	0	0	0	0
provisions	3,003	3,003	3,003	3,003	3,003	3,003	3,003	3,003	3,003	3,003	2,765	0
total long term liabilities	248,003	248,003	248,003	425,124	869,815	181,405	167,852	166,899	3,003	3,003	2,765	0
total liabilities	2,295,907	1,454,016	2,011,424	2,115,408	2,183,958	1,379,096	686,495	292,722	141,539	109,306	26,635	21,111
net assets	99,482	102,838	96,832	100,098	102,015	96,142	82,227	62,965	36,479	35,268	38,485	23,236
total shareholders funds	99,482	102,838	96,832	100,098	102,015	96,142	82,227	62,965	36,479	35,268	38,485	23,236

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jul 2014	Jul 2013	Jul 2012
Operating Activities
Operating Profit	-1,312	15,079	2,815	-3,093	809	15,443	23,649	32,950	1,290	-3,457	19,723	30,537
Depreciation	5,822	7,276	9,097	11,370	5,939	7,424	7,730	3,362	5,022	3,962	4,773	294
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,409	0	0	-1,378	-3,264	-4,791	-6,621	-321	0	-4,555	-7,337
Stock	0	-1,562	0	812	0	750	0	-94,750	94,000	-8,300	9,050	0
Debtors	1,182,696	399,604	-623,423	984	88,707	411,751	239,852	249,355	-2,819	28,455	-6,554	29,875
Creditors	-434,827	-200,874	271,565	-38,936	171,367	569,354	200,400	-101,967	32,233	82,433	2,759	21,111
Accruals and Deferred Income	1,276,718	-356,534	-198,428	415,077	-54,915	109,694	192,420	89,254	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	238	2,765	0
Cash flow from operations	-336,295	-934,504	708,472	382,622	33,115	286,150	179,556	-137,627	-52,957	63,021	22,969	14,730
Investing Activities
capital expenditure	0	0	0	-33,094	0	-6,200	-25,203	-1,745	-5,070	-5,152	-17,715	-1,178
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-33,094	0	-6,200	-25,203	-1,745	-5,070	-5,152	-17,715	-1,178
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	0	245,000	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	0	0	-422,121	-444,691	688,410	13,553	953	163,896	0	0	0	0
share issue	0	0	0	0	0	0	99	0	2	0	0	2
interest	-2,044	-7,665	-6,082	1,176	6,441	1,736	304	158	241	240	81	34
cash flow from financing	-2,044	-7,665	-183,203	-443,515	694,851	15,289	1,356	164,054	243	240	81	36
cash and cash equivalents
cash	-338,339	-942,168	525,270	-93,987	727,967	295,239	155,710	24,681	-57,785	58,109	5,335	13,588
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-338,339	-942,168	525,270	-93,987	727,967	295,239	155,710	24,681	-57,785	58,109	5,335	13,588

P&L

March 2023

turnover

6.7m

+54%

operating profit

-1.3k

gross margin

25.6%

+1.41%

turnover

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

Balance Sheet

March 2023

net assets

99.5k

-0.03%

total assets

2.4m

+0.54%

cash

373.6k

-0.48%

net assets

Total assets minus all liabilities

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company number

07698294

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

July 2011

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 7b, asquith business park, asquith avenue, leeds, west yorkshire, LS27 7RZ

last accounts submitted

March 2023

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 ohmega electrical ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

ohmega electrical ltd Company Information

ohmega electrical ltd Estimated Valuation

ohmega electrical ltd Estimated Valuation

ohmega electrical ltd Estimated Valuation

Ohmega Electrical Ltd AI Business Plan

Ohmega Electrical Ltd Overview

Ohmega Electrical Ltd Health Check

ohmega electrical ltd Credit Report and Business Information

Ohmega Electrical Ltd Competitor Analysis

ohmega electrical ltd Ownership

ohmega electrical ltd directors

OHMEGA ELECTRICAL LTD financials

ohmega electrical ltd company details

ohmega electrical ltd Charges & Mortgages

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