environmental combustion technologies limited

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environmental combustion technologies limited Company Information

Share ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED

Company Number

07826037

Shareholders

schawk wace group

Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

 

Registered Address

unit 3 dunkirk lane, hyde, cheshire, SK14 4NL

environmental combustion technologies limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED at £2.2m based on a Turnover of £3.8m and 0.57x industry multiple (adjusted for size and gross margin).

environmental combustion technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-2m and a 4.28x industry multiple (adjusted for size and gross margin).

environmental combustion technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED at £0 based on Net Assets of £-26.6m and 2.21x industry multiple (adjusted for liquidity).

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Environmental Combustion Technologies Limited Overview

Environmental Combustion Technologies Limited is a live company located in cheshire, SK14 4NL with a Companies House number of 07826037. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in October 2011, it's largest shareholder is schawk wace group with a 100% stake. Environmental Combustion Technologies Limited is a established, small sized company, Pomanda has estimated its turnover at £3.8m with declining growth in recent years.

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Environmental Combustion Technologies Limited Health Check

Pomanda's financial health check has awarded Environmental Combustion Technologies Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

0 Strong

positive_score

3 Regular

positive_score

9 Weak

size

Size

annual sales of £3.8m, make it smaller than the average company (£11.4m)

£3.8m - Environmental Combustion Technologies Limited

£11.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3%)

-4% - Environmental Combustion Technologies Limited

3% - Industry AVG

production

Production

with a gross margin of 30.6%, this company has a comparable cost of product (30.6%)

30.6% - Environmental Combustion Technologies Limited

30.6% - Industry AVG

profitability

Profitability

an operating margin of -57.4% make it less profitable than the average company (5.9%)

-57.4% - Environmental Combustion Technologies Limited

5.9% - Industry AVG

employees

Employees

with 41 employees, this is below the industry average (64)

41 - Environmental Combustion Technologies Limited

64 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)

£50.1k - Environmental Combustion Technologies Limited

£50.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £93.6k, this is less efficient (£180.2k)

£93.6k - Environmental Combustion Technologies Limited

£180.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is near the average (61 days)

51 days - Environmental Combustion Technologies Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is quicker than average (46 days)

33 days - Environmental Combustion Technologies Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 111 days, this is more than average (91 days)

111 days - Environmental Combustion Technologies Limited

91 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (13 weeks)

5 weeks - Environmental Combustion Technologies Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 753%, this is a higher level of debt than the average (48.6%)

753% - Environmental Combustion Technologies Limited

48.6% - Industry AVG

ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Environmental Combustion Technologies Limited's latest turnover from September 2023 is estimated at £3.8 million and the company has net assets of -£26.6 million. According to their latest financial statements, Environmental Combustion Technologies Limited has 41 employees and maintains cash reserves of £96.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012
Turnover3,835,7154,513,8996,133,0594,394,6245,011,2402,579,8116,037,6379,767,83311,979,93115,257,3591,391,814634,078
Other Income Or Grants
Cost Of Sales2,661,2103,078,8604,312,4703,090,0303,475,9471,779,2504,020,8596,583,4228,161,41710,277,709930,527423,666
Gross Profit1,174,5051,435,0391,820,5891,304,5941,535,293800,5622,016,7783,184,4123,818,5144,979,650461,288210,412
Admin Expenses3,375,5065,280,3045,203,75811,490,3112,370,0001,079,0471,661,1693,629,3284,545,9252,264,136104,684132,447
Operating Profit-2,201,001-3,845,265-3,383,169-10,185,717-834,707-278,485355,609-444,916-727,4112,715,514356,60477,965
Interest Payable2,973,2331,669,548949,237776,309678,119572,657599,192346,26112,675
Interest Receivable7,0855,4752404238,99310,8341,8555026,0276,8891,502420
Pre-Tax Profit-5,167,149-5,509,338-4,332,165-10,961,602-1,503,833-840,307-241,728-790,674-734,0602,722,404358,10678,384
Tax-571,705-82,364-18,812
Profit After Tax-5,167,149-5,509,338-4,332,165-10,961,602-1,503,833-840,307-241,728-790,674-734,0602,150,699275,74259,572
Dividends Paid
Retained Profit-5,167,149-5,509,338-4,332,165-10,961,602-1,503,833-840,307-241,728-790,674-734,0602,150,699275,74259,572
Employee Costs2,054,9092,680,3472,457,197270,3961,070,652970,883923,765904,7503,081,9333,853,734359,724154,643
Number Of Employees415754624222222759494
EBITDA*-2,008,527-3,738,247-3,288,178-10,097,425-742,788-187,046429,552-371,788-668,8932,758,929389,628103,033

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012
Tangible Assets270,497370,695367,532382,482380,108451,42980,00594,018102,267135,0388,45716,153
Intangible Assets203,016227,624252,232276,840301,448326,056350,664375,272399,880424,488449,096473,704
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets473,513598,319619,764659,322681,556777,485430,669469,290502,147559,526457,553489,857
Stock & work in progress810,910424,2281,000,491564,150360,431435,191341,377353,807245,300248,05738,7207,776
Trade Debtors536,518404,877871,4671,610,5881,457,922274,4902,109,7714,015,6913,903,3493,590,726254,755135,592
Group Debtors
Misc Debtors2,149,2202,254,3992,017,138637,0998,596,2158,827,5748,821,4859,369,432165,641
Cash96,621173,282313,354167,076679,1471,718,9461,170,160313,78188,0332,322,644433,120167,833
misc current assets23,666
total current assets3,593,2693,256,7864,202,4502,978,91311,117,38111,256,20112,442,79314,052,7114,402,3236,161,427726,595311,201
total assets4,066,7823,855,1054,822,2143,638,23511,798,93712,033,68612,873,46214,522,0014,904,4706,720,9531,184,148801,058
Bank overdraft
Bank loan
Trade Creditors 241,884690,8581,227,648442,988679,013649,278781,299616,501735,1513,844,831458,725180,053
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities629,681774,8891,491,959897,21495,7961,981,2641,848,7122,253,7902,027,256
total current liabilities871,5651,465,7472,719,6071,340,202774,8092,630,5422,630,0112,870,2912,762,4073,844,831458,725180,053
loans29,661,96023,195,50817,278,38513,844,12411,608,6178,483,8008,483,80010,690,331390,010
hp & lease commitments
Accruals and Deferred Income
other liabilities390,009390,009561,333
provisions88,000581,444702,478
total long term liabilities29,749,96023,776,95217,980,86313,844,12411,608,6178,483,8008,483,80010,690,331390,010390,009390,009561,333
total liabilities30,621,52525,242,69920,700,47015,184,32612,383,42611,114,34211,113,81113,560,6223,152,4174,234,840848,734741,386
net assets-26,554,743-21,387,594-15,878,256-11,546,091-584,489919,3441,759,651961,3791,752,0532,486,113335,41459,672
total shareholders funds-26,554,743-21,387,594-15,878,256-11,546,091-584,489919,3441,759,651961,3791,752,0532,486,113335,41459,672
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012
Operating Activities
Operating Profit-2,201,001-3,845,265-3,383,169-10,185,717-834,707-278,485355,609-444,916-727,4112,715,514356,60477,965
Depreciation167,86682,41070,38363,68467,31166,83149,33548,52033,91018,8078,4166,612
Amortisation24,60824,60824,60824,60824,60824,60824,60824,60824,60824,60824,60818,456
Tax-571,705-82,364-18,812
Stock386,682-576,263436,341203,719-74,76093,814-12,430108,507-2,757209,33730,9447,776
Debtors26,462-229,329640,918-7,806,450952,073-1,829,192-2,453,8679,316,133478,2643,335,971119,163135,592
Creditors-448,974-536,790784,660-236,02529,735-132,021164,798-118,650-3,109,6803,386,106278,672180,053
Accruals and Deferred Income-145,208-717,070594,745801,418-1,885,468132,552-405,078226,5342,027,256
Deferred Taxes & Provisions-493,444-121,034702,478
Cash flow from operations-3,509,297-4,307,549-2,283,554-1,929,301-3,475,8341,548,8632,655,569-9,688,544-2,226,8242,028,022435,829120,906
Investing Activities
capital expenditure-67,668-85,573-55,433-66,0584,010-438,255-35,322-40,271-1,139-145,388-720-514,925
Change in Investments
cash flow from investments-67,668-85,573-55,433-66,0584,010-438,255-35,322-40,271-1,139-145,388-720-514,925
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans6,466,4525,917,1233,434,2612,235,5073,124,817-2,206,53110,300,321390,010
Hire Purchase and Lease Commitments
other long term liabilities-390,009-171,324561,333
share issue1,040,000100
interest-2,966,148-1,664,073-948,997-775,886-669,126-561,823-597,337-345,759-6,6486,8891,502420
cash flow from financing3,500,3044,253,0502,485,2641,459,6212,455,691-561,823-1,763,8689,954,562-6,6476,889-169,822561,853
cash and cash equivalents
cash-76,661-140,072146,278-512,071-1,039,799548,786856,379225,748-2,234,6111,889,524265,287167,833
overdraft
change in cash-76,661-140,072146,278-512,071-1,039,799548,786856,379225,748-2,234,6111,889,524265,287167,833

environmental combustion technologies limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Environmental Combustion Technologies Limited Competitor Analysis

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Perform a competitor analysis for environmental combustion technologies limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SK14 area or any other competitors across 12 key performance metrics.

environmental combustion technologies limited Ownership

ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED group structure

Environmental Combustion Technologies Limited has no subsidiary companies.

Ultimate parent company

MATTHEWS INTERNATIONAL CORP

#0022020

2 parents

ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED

07826037

ENVIRONMENTAL COMBUSTION TECHNOLOGIES LIMITED Shareholders

schawk wace group 100%

environmental combustion technologies limited directors

Environmental Combustion Technologies Limited currently has 3 directors. The longest serving directors include Mr Stewart Wiltshire (Sep 2023) and Leslie Coe (Oct 2024).

officercountryagestartendrole
Mr Stewart Wiltshire55 years Sep 2023- Director
Leslie Coe73 years Oct 2024- Director
Mr Darren Ross32 years Oct 2024- Director

P&L

September 2023

turnover

3.8m

-15%

operating profit

-2.2m

0%

gross margin

30.7%

-3.68%

turnover

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

Balance Sheet

September 2023

net assets

-26.6m

+0.24%

total assets

4.1m

+0.05%

cash

96.6k

-0.44%

net assets

Total assets minus all liabilities

environmental combustion technologies limited company details

company number

07826037

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

October 2011

age

14

incorporated

UK

ultimate parent company

MATTHEWS INTERNATIONAL CORP

accounts

Small Company

last accounts submitted

September 2023

previous names

matthews environmental solutions limited (October 2024)

todaysure matthews limited (September 2015)

accountant

-

auditor

-

address

unit 3 dunkirk lane, hyde, cheshire, SK14 4NL

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

environmental combustion technologies limited 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 found 1 charges/mortgages relating to environmental combustion technologies limited. Currently there are 1 open charges and 0 have been satisfied in the past.

environmental combustion technologies limited Capital Raised & Share Issues BETA

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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environmental combustion technologies limited Companies House Filings - See Documents

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