pencoose solar limited
pencoose solar limited Company Information
Company Number
08126576
Registered Address
c/o res limited, beaufort court, egg farm lane, kings langley, hertfordshire, WD4 8LR
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
01513501240
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ri income uk holdings ltd 100%
pencoose solar limited Estimated Valuation
Pomanda estimates the enterprise value of PENCOOSE SOLAR LIMITED at £1.1m based on a Turnover of £1.9m and 0.58x industry multiple (adjusted for size and gross margin).
pencoose solar limited Estimated Valuation
Pomanda estimates the enterprise value of PENCOOSE SOLAR LIMITED at £10.3m based on an EBITDA of £1.7m and a 6.22x industry multiple (adjusted for size and gross margin).
pencoose solar limited Estimated Valuation
Pomanda estimates the enterprise value of PENCOOSE SOLAR LIMITED at £8.5m based on Net Assets of £2.7m and 3.18x industry multiple (adjusted for liquidity).
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Pencoose Solar Limited Overview
Pencoose Solar Limited is a live company located in kings langley, WD4 8LR with a Companies House number of 08126576. It operates in the other engineering activities sector, SIC Code 71129. Founded in July 2012, it's largest shareholder is ri income uk holdings ltd with a 100% stake. Pencoose Solar Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with high growth in recent years.
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Pencoose Solar Limited Health Check
Pomanda's financial health check has awarded Pencoose Solar Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£4.1m)
£1.9m - Pencoose Solar Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (2.5%)
25% - Pencoose Solar Limited
2.5% - Industry AVG
Production
with a gross margin of 62.4%, this company has a lower cost of product (31.7%)
62.4% - Pencoose Solar Limited
31.7% - Industry AVG
Profitability
an operating margin of 62.2% make it more profitable than the average company (5.5%)
62.2% - Pencoose Solar Limited
5.5% - Industry AVG
Employees
with 16 employees, this is below the industry average (29)
- Pencoose Solar Limited
29 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Pencoose Solar Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £121k, this is equally as efficient (£123.3k)
- Pencoose Solar Limited
£123.3k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (65 days)
11 days - Pencoose Solar Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (28 days)
2 days - Pencoose Solar Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pencoose Solar Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (17 weeks)
5 weeks - Pencoose Solar Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.6%, this is a similar level of debt than the average (59.4%)
58.6% - Pencoose Solar Limited
59.4% - Industry AVG
pencoose solar limited Credit Report and Business Information
Pencoose Solar Limited Competitor Analysis
Perform a competitor analysis for pencoose solar limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pencoose solar limited Ownership
PENCOOSE SOLAR LIMITED group structure
Pencoose Solar Limited has no subsidiary companies.
Ultimate parent company
RENEWABLE INCOME UK
#0118806
2 parents
PENCOOSE SOLAR LIMITED
08126576
pencoose solar limited directors
Pencoose Solar Limited currently has 2 directors. The longest serving directors include Mr Stephane Tetot (Dec 2018) and Ms Katharina Sudeck (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephane Tetot | United Kingdom | 42 years | Dec 2018 | - | Director |
| Ms Katharina Sudeck | United Kingdom | 35 years | Feb 2024 | - | Director |
PENCOOSE SOLAR LIMITED financials
Pencoose Solar Limited's latest turnover from December 2022 is £1.9 million and the company has net assets of £2.7 million. According to their latest financial statements, we estimate that Pencoose Solar Limited has 16 employees and maintains cash reserves of £365.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,935,937 | 1,015,453 | 904,280 | 982,188 | 984,598 | 813,701 | 602,759 | 729,043 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 728,081 | 642,748 | 633,687 | 577,836 | 636,854 | 634,536 | 791,731 | 400,891 | ||
| Gross Profit | 1,207,856 | 372,705 | 270,593 | 404,352 | 347,744 | 179,165 | -188,972 | 328,152 | ||
| Admin Expenses | 4,500 | 5,488 | 4,650 | 8,151 | 4,407 | 81,495 | 40,285 | 68,391 | ||
| Operating Profit | 1,203,356 | 367,217 | 265,943 | 396,201 | 343,337 | 97,670 | -229,257 | 259,761 | ||
| Interest Payable | 260,553 | 297,492 | 312,740 | 0 | 363,855 | 172,514 | 80,844 | 0 | ||
| Interest Receivable | 217 | 705 | 0 | 0 | 0 | 0 | 5,990 | 0 | ||
| Pre-Tax Profit | 943,020 | 70,430 | -46,797 | 54,012 | -21,184 | 1,217,805 | -1,557,114 | 394,444 | ||
| Tax | -209,191 | 49,278 | 18,378 | 5,081 | 7,742 | -5,152 | 299,640 | -83,016 | ||
| Profit After Tax | 733,829 | 119,708 | -28,419 | 59,093 | -13,442 | 1,212,653 | -1,257,474 | 311,428 | ||
| Dividends Paid | 200,000 | 0 | 203,966 | 0 | 184,000 | 0 | 0 | 0 | ||
| Retained Profit | 533,829 | 119,708 | -232,385 | 59,093 | -197,442 | 1,212,653 | -1,257,474 | 311,428 | ||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Number Of Employees | ||||||||||
| EBITDA* | 1,653,349 | 817,211 | 715,179 | 845,784 | 790,785 | 543,277 | 192,290 | 587,353 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,503,154 | 5,953,147 | 6,392,292 | 6,841,528 | 7,262,864 | 7,706,721 | 7,986,916 | 8,156,795 | 25,000 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 100,705 | 100,705 | 0 | 0 | 0 | 0 | 100,000 | 600,472 | 0 | 0 |
| Total Fixed Assets | 5,603,859 | 6,053,852 | 6,392,292 | 6,841,528 | 7,262,864 | 7,706,721 | 8,086,916 | 8,757,267 | 25,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 60,161 | 56,888 | 4,830 | 74,986 | 113,832 | 140,238 | 92,932 | 0 | 5,100 | 100 |
| Group Debtors | 9,952 | 0 | 9,921 | 139,575 | 0 | 0 | 886,563 | 0 | 0 | 0 |
| Misc Debtors | 408,102 | 368,433 | 456,106 | 246,348 | 347,522 | 437,246 | 240,450 | 127,477 | 0 | 0 |
| Cash | 365,757 | 55,174 | 60,640 | 142,019 | 35,470 | 136,829 | 692,157 | 130,276 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 9,580 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 843,972 | 480,495 | 531,497 | 612,508 | 496,824 | 714,313 | 1,912,102 | 257,753 | 5,100 | 100 |
| total assets | 6,447,831 | 6,534,347 | 6,923,789 | 7,454,036 | 7,759,688 | 8,421,034 | 9,999,018 | 9,015,020 | 30,100 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,796 | 5,478 | 6,383 | 0 | 6,321 | 34,999 | 191,701 | 12,000 | 31,850 | 350 |
| Group/Directors Accounts | 3,461,939 | 4,333,924 | 4,854,565 | 5,113,867 | 5,497,119 | 5,933,265 | 10,095,330 | 3,661,147 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 312,090 | 59,768 | 47,372 | 92,315 | 67,487 | 66,567 | 659,783 | 627,956 | 0 | 0 |
| total current liabilities | 3,778,825 | 4,399,170 | 4,908,320 | 5,206,182 | 5,570,927 | 6,034,831 | 10,946,814 | 4,301,103 | 31,850 | 350 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,221,223 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,016 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,404,239 | 0 | 0 |
| total liabilities | 3,778,825 | 4,399,170 | 4,908,320 | 5,206,182 | 5,570,927 | 6,034,831 | 10,946,814 | 8,705,342 | 31,850 | 350 |
| net assets | 2,669,006 | 2,135,177 | 2,015,469 | 2,247,854 | 2,188,761 | 2,386,203 | -947,796 | 309,678 | -1,750 | -250 |
| total shareholders funds | 2,669,006 | 2,135,177 | 2,015,469 | 2,247,854 | 2,188,761 | 2,386,203 | -947,796 | 309,678 | -1,750 | -250 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 1,203,356 | 367,217 | 265,943 | 396,201 | 343,337 | 97,670 | -229,257 | 259,761 | ||
| Depreciation | 449,993 | 449,994 | 449,236 | 449,583 | 447,448 | 445,607 | 421,547 | 327,592 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -209,191 | 49,278 | 18,378 | 5,081 | 7,742 | -5,152 | 299,640 | -83,016 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 52,894 | 55,169 | 9,948 | -445 | -116,130 | -742,461 | 591,996 | 722,849 | 5,000 | 100 |
| Creditors | -682 | -905 | 6,383 | -6,321 | -28,678 | -156,702 | 179,701 | -19,850 | 31,500 | 350 |
| Accruals and Deferred Income | 252,322 | 12,396 | -44,943 | 24,828 | 920 | -593,216 | 31,827 | 627,956 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -183,016 | 183,016 | 0 | 0 |
| Cash flow from operations | 1,642,904 | 822,811 | 685,049 | 869,817 | 886,899 | 530,668 | -71,554 | 572,610 | ||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -871,985 | -520,641 | -259,302 | -383,252 | -436,146 | -4,162,065 | 6,434,183 | 3,661,147 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -4,221,223 | 4,221,223 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -260,336 | -296,787 | -312,740 | 0 | -363,855 | -172,514 | -74,854 | 0 | ||
| cash flow from financing | -1,132,321 | -817,428 | -572,042 | -383,252 | -800,001 | -2,213,233 | 2,138,106 | 7,882,370 | ||
| cash and cash equivalents | ||||||||||
| cash | 310,583 | -5,466 | -81,379 | 106,549 | -101,359 | -555,328 | 561,881 | 130,276 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 310,583 | -5,466 | -81,379 | 106,549 | -101,359 | -555,328 | 561,881 | 130,276 | 0 | 0 |
P&L
December 2022turnover
1.9m
+91%
operating profit
1.2m
+228%
gross margin
62.4%
+69.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.7m
+0.25%
total assets
6.4m
-0.01%
cash
365.8k
+5.63%
net assets
Total assets minus all liabilities
pencoose solar limited company details
company number
08126576
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
July 2012
age
12
accounts
Small Company
ultimate parent company
previous names
first solar project limited (October 2017)
incorporated
UK
address
c/o res limited, beaufort court, egg farm lane, kings langley, hertfordshire, WD4 8LR
last accounts submitted
December 2022
pencoose solar 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 did not find charges/mortgages relating to pencoose solar limited.
pencoose solar limited Companies House Filings - See Documents
| date | description | view/download |
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