the humber electrical engineering company limited
the humber electrical engineering company limited Company Information
Company Number
08284168
Website
heeco.co.ukRegistered Address
suite 5 bulman house, regent centre, newcastle upon tyne, NE3 3LS
Industry
Manufacture of other electrical equipment
Manufacture of electricity distribution and control apparatus
Telephone
-
Next Accounts Due
1721 days late
Group Structure
View All
Shareholders
ian michael morl 33.3%
bryan harvey irving 33.3%
View Allthe humber electrical engineering company limited Estimated Valuation
Pomanda estimates the enterprise value of THE HUMBER ELECTRICAL ENGINEERING COMPANY LIMITED at £3.8m based on a Turnover of £5.2m and 0.72x industry multiple (adjusted for size and gross margin).
the humber electrical engineering company limited Estimated Valuation
Pomanda estimates the enterprise value of THE HUMBER ELECTRICAL ENGINEERING COMPANY LIMITED at £968.4k based on an EBITDA of £180.2k and a 5.38x industry multiple (adjusted for size and gross margin).
the humber electrical engineering company limited Estimated Valuation
Pomanda estimates the enterprise value of THE HUMBER ELECTRICAL ENGINEERING COMPANY LIMITED at £0 based on Net Assets of £-95.6k and 2.19x industry multiple (adjusted for liquidity).
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The Humber Electrical Engineering Company Limited Overview
The Humber Electrical Engineering Company Limited is a live company located in newcastle upon tyne, NE3 3LS with a Companies House number of 08284168. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in November 2012, it's largest shareholder is ian michael morl with a 33.3% stake. The Humber Electrical Engineering Company Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with declining growth in recent years.
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The Humber Electrical Engineering Company Limited Health Check
Pomanda's financial health check has awarded The Humber Electrical Engineering Company Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
6 Regular
6 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£9.4m)
- The Humber Electrical Engineering Company Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (4.7%)
- The Humber Electrical Engineering Company Limited
4.7% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (30.1%)
- The Humber Electrical Engineering Company Limited
30.1% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (5.2%)
- The Humber Electrical Engineering Company Limited
5.2% - Industry AVG
Employees
with 55 employees, this is similar to the industry average (66)
55 - The Humber Electrical Engineering Company Limited
66 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£40.6k)
- The Humber Electrical Engineering Company Limited
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £95.1k, this is less efficient (£158.2k)
- The Humber Electrical Engineering Company Limited
£158.2k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is near the average (62 days)
- The Humber Electrical Engineering Company Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (43 days)
- The Humber Electrical Engineering Company Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is in line with average (71 days)
- The Humber Electrical Engineering Company Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)
4 weeks - The Humber Electrical Engineering Company Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.2%, this is a higher level of debt than the average (50.7%)
103.2% - The Humber Electrical Engineering Company Limited
50.7% - Industry AVG
THE HUMBER ELECTRICAL ENGINEERING COMPANY LIMITED financials
The Humber Electrical Engineering Company Limited's latest turnover from December 2017 is estimated at £5.2 million and the company has net assets of -£95.6 thousand. According to their latest financial statements, The Humber Electrical Engineering Company Limited has 55 employees and maintains cash reserves of £138 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 55 | 61 | 109 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,116,671 | 1,189,291 | 1,359,374 | 295,239 | 286,185 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,116,671 | 1,189,291 | 1,359,374 | 295,239 | 286,185 |
| Stock & work in progress | 664,438 | 393,793 | 898,793 | 517,370 | 487,205 |
| Trade Debtors | 1,038,357 | 1,516,963 | 996,953 | 1,642,609 | 1,217,475 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 42,391 | 54,087 | 134,293 | 0 | 0 |
| Cash | 138,010 | 307,249 | 14,687 | 51,640 | 289,032 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,883,196 | 2,272,092 | 2,044,726 | 2,211,619 | 1,993,712 |
| total assets | 2,999,867 | 3,461,383 | 3,404,100 | 2,506,858 | 2,279,897 |
| Bank overdraft | 54,225 | 49,097 | 51,854 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 438,142 | 621,327 | 946,889 | 1,402,367 | 1,119,592 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 425,110 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,296,961 | 2,173,101 | 1,415,141 | 130,731 | 511,943 |
| total current liabilities | 1,789,328 | 2,843,525 | 2,413,884 | 1,958,208 | 1,631,535 |
| loans | 394,536 | 451,517 | 617,281 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 911,582 | 258,529 | 254,694 | 410,973 | 500,000 |
| provisions | 0 | 0 | 0 | 6,500 | 6,500 |
| total long term liabilities | 1,306,118 | 710,046 | 871,975 | 417,473 | 506,500 |
| total liabilities | 3,095,446 | 3,553,571 | 3,285,859 | 2,375,681 | 2,138,035 |
| net assets | -95,579 | -92,188 | 118,241 | 131,177 | 141,862 |
| total shareholders funds | -95,579 | -92,188 | 118,241 | 131,177 | 141,862 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 78,084 | 117,089 | 104,317 | 72,717 | 8,725 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 270,645 | -505,000 | 381,423 | 30,165 | 487,205 |
| Debtors | -490,302 | 439,804 | -511,363 | 425,134 | 1,217,475 |
| Creditors | -183,185 | -325,562 | -455,478 | 282,775 | 1,119,592 |
| Accruals and Deferred Income | -876,140 | 757,960 | 1,284,410 | -381,212 | 511,943 |
| Deferred Taxes & Provisions | 0 | 0 | -6,500 | 0 | 6,500 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -425,110 | 425,110 | 0 |
| Long term loans | -56,981 | -165,764 | 617,281 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 653,053 | 3,835 | -156,279 | -89,027 | 500,000 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -169,239 | 292,562 | -36,953 | -237,392 | 289,032 |
| overdraft | 5,128 | -2,757 | 51,854 | 0 | 0 |
| change in cash | -174,367 | 295,319 | -88,807 | -237,392 | 289,032 |
the humber electrical engineering company limited Credit Report and Business Information
The Humber Electrical Engineering Company Limited Competitor Analysis
Perform a competitor analysis for the humber electrical engineering company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the humber electrical engineering company limited Ownership
THE HUMBER ELECTRICAL ENGINEERING COMPANY LIMITED group structure
The Humber Electrical Engineering Company Limited has no subsidiary companies.
Ultimate parent company
THE HUMBER ELECTRICAL ENGINEERING COMPANY LIMITED
08284168
the humber electrical engineering company limited directors
The Humber Electrical Engineering Company Limited currently has 5 directors. The longest serving directors include Mr Ian Morl (Jan 2013) and Mr Bryan Irving (Jan 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Morl | England | 65 years | Jan 2013 | - | Director |
| Mr Bryan Irving | England | 67 years | Jan 2013 | - | Director |
| Mr Neil Watson | 58 years | Jul 2014 | - | Director | |
| Mr Paul Richardson | 64 years | Jul 2014 | - | Director | |
| Mr Michael Hogan | England | 50 years | Aug 2016 | - | Director |
P&L
December 2017turnover
5.2m
-17%
operating profit
102.1k
0%
gross margin
30.2%
-2.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
-95.6k
+0.04%
total assets
3m
-0.13%
cash
138k
-0.55%
net assets
Total assets minus all liabilities
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the humber electrical engineering company limited company details
company number
08284168
Type
Private limited with Share Capital
industry
27400 - Manufacture of electric lighting equipment
27900 - Manufacture of other electrical equipment
27120 - Manufacture of electricity distribution and control apparatus
incorporation date
November 2012
age
12
accounts
Total Exemption Full
ultimate parent company
previous names
timec 1385 limited (November 2013)
incorporated
UK
address
suite 5 bulman house, regent centre, newcastle upon tyne, NE3 3LS
last accounts submitted
December 2017
the humber electrical engineering company 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 the humber electrical engineering company limited.
the humber electrical engineering company limited Companies House Filings - See Documents
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