absolute renewable energy (uk) limited
absolute renewable energy (uk) limited Company Information
Company Number
08368431
Registered Address
340 deansgate, manchester, manchester, M3 4LY
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
-
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
avonside group services limited 51%
mr mark newall 17%
View Allabsolute renewable energy (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE RENEWABLE ENERGY (UK) LIMITED at £2.2m based on a Turnover of £6.4m and 0.34x industry multiple (adjusted for size and gross margin).
absolute renewable energy (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE RENEWABLE ENERGY (UK) LIMITED at £923.7k based on an EBITDA of £221.3k and a 4.17x industry multiple (adjusted for size and gross margin).
absolute renewable energy (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE RENEWABLE ENERGY (UK) LIMITED at £1.2m based on Net Assets of £628.4k and 1.94x industry multiple (adjusted for liquidity).
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Absolute Renewable Energy (uk) Limited Overview
Absolute Renewable Energy (uk) Limited is a dissolved company that was located in manchester, M3 4LY with a Companies House number of 08368431. It operated in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in January 2013, it's largest shareholder was avonside group services limited with a 51% stake. The last turnover for Absolute Renewable Energy (uk) Limited was estimated at £6.4m.
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Absolute Renewable Energy (uk) Limited Health Check
Pomanda's financial health check has awarded Absolute Renewable Energy (Uk) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
3 Weak
Size
annual sales of £6.4m, make it larger than the average company (£5.2m)
- Absolute Renewable Energy (uk) Limited
£5.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Absolute Renewable Energy (uk) Limited
- - Industry AVG
Production
with a gross margin of 23.7%, this company has a comparable cost of product (23.7%)
- Absolute Renewable Energy (uk) Limited
23.7% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (5%)
- Absolute Renewable Energy (uk) Limited
5% - Industry AVG
Employees
with 37 employees, this is below the industry average (57)
- Absolute Renewable Energy (uk) Limited
57 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£39.2k)
- Absolute Renewable Energy (uk) Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £172.3k, this is equally as efficient (£175.7k)
- Absolute Renewable Energy (uk) Limited
£175.7k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is earlier than average (60 days)
- Absolute Renewable Energy (uk) Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (40 days)
- Absolute Renewable Energy (uk) Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is more than average (10 days)
- Absolute Renewable Energy (uk) Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (15 weeks)
22 weeks - Absolute Renewable Energy (uk) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.5%, this is a similar level of debt than the average (69.5%)
64.5% - Absolute Renewable Energy (uk) Limited
69.5% - Industry AVG
absolute renewable energy (uk) limited Credit Report and Business Information
Absolute Renewable Energy (uk) Limited Competitor Analysis
Perform a competitor analysis for absolute renewable energy (uk) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
absolute renewable energy (uk) limited Ownership
ABSOLUTE RENEWABLE ENERGY (UK) LIMITED group structure
Absolute Renewable Energy (Uk) Limited has no subsidiary companies.
Ultimate parent company
2 parents
ABSOLUTE RENEWABLE ENERGY (UK) LIMITED
08368431
absolute renewable energy (uk) limited directors
Absolute Renewable Energy (Uk) Limited currently has 5 directors. The longest serving directors include Mr Nicholas Tappin (Dec 2013) and Mr Gordon Anderson (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Tappin | United Kingdom | 53 years | Dec 2013 | - | Director |
| Mr Gordon Anderson | England | 66 years | Dec 2013 | - | Director |
| Mr Keith Kershaw | England | 66 years | Dec 2014 | - | Director |
| Mr Anthony Burke | United Kingdom | 61 years | Dec 2014 | - | Director |
| Mr Andrew Morley | United Kingdom | 56 years | Dec 2014 | - | Director |
ABSOLUTE RENEWABLE ENERGY (UK) LIMITED financials
Absolute Renewable Energy (Uk) Limited's latest turnover from December 2014 is estimated at £6.4 million and the company has net assets of £628.4 thousand. According to their latest financial statements, we estimate that Absolute Renewable Energy (Uk) Limited has 37 employees and maintains cash reserves of £485.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2014 | Dec 2013 | |
|---|---|---|
| Turnover | 9,706,796 | |
| Other Income Or Grants | 0 | |
| Cost Of Sales | 8,223,122 | |
| Gross Profit | 1,483,674 | |
| Admin Expenses | 1,245,871 | |
| Operating Profit | 237,803 | |
| Interest Payable | 22,522 | |
| Interest Receivable | 33 | |
| Pre-Tax Profit | 215,314 | |
| Tax | -25,671 | |
| Profit After Tax | 189,643 | |
| Dividends Paid | 0 | |
| Retained Profit | 189,643 | |
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* | 265,539 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2014 | Dec 2013 | |
|---|---|---|
| Tangible Assets | 139,290 | 143,821 |
| Intangible Assets | 11,600 | 15,467 |
| Investments & Other | 300 | 300 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 151,190 | 159,588 |
| Stock & work in progress | 315,349 | 243,419 |
| Trade Debtors | 816,925 | 301,066 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 557,381 |
| Cash | 485,795 | 292,842 |
| misc current assets | 0 | 0 |
| total current assets | 1,618,069 | 1,394,708 |
| total assets | 1,769,259 | 1,554,296 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,120,777 | 655,152 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 12,250 |
| other current liabilities | 0 | 364,892 |
| total current liabilities | 1,120,777 | 1,032,294 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 6,388 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 20,131 | 25,671 |
| total long term liabilities | 20,131 | 32,059 |
| total liabilities | 1,140,908 | 1,064,353 |
| net assets | 628,351 | 489,943 |
| total shareholders funds | 628,351 | 489,943 |
| Dec 2014 | Dec 2013 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 237,803 | |
| Depreciation | 44,212 | 27,736 |
| Amortisation | 3,867 | |
| Tax | -25,671 | |
| Stock | 71,930 | 243,419 |
| Debtors | -41,522 | 858,447 |
| Creditors | 465,625 | 655,152 |
| Accruals and Deferred Income | -364,892 | 364,892 |
| Deferred Taxes & Provisions | -5,540 | 25,671 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 300 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | -18,638 | 18,638 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -22,489 | |
| cash flow from financing | 296,449 | |
| cash and cash equivalents | ||
| cash | 192,953 | 292,842 |
| overdraft | 0 | 0 |
| change in cash | 192,953 | 292,842 |
P&L
December 2014turnover
6.4m
-34%
operating profit
173.3k
0%
gross margin
23.8%
+55.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2014net assets
628.4k
+0.28%
total assets
1.8m
+0.14%
cash
485.8k
+0.66%
net assets
Total assets minus all liabilities
absolute renewable energy (uk) limited company details
company number
08368431
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
January 2013
age
11
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
340 deansgate, manchester, manchester, M3 4LY
last accounts submitted
December 2014
absolute renewable energy (uk) 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 absolute renewable energy (uk) limited.
absolute renewable energy (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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