excel assemblies limited
excel assemblies limited Company Information
Company Number
08388168
Next Accounts
Sep 2025
Shareholders
excel assemblies holdings limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
c/o slater heelis limited, 86 deansgate, manchester, M3 2ER
Website
www.excel-assemblies.comexcel assemblies limited Estimated Valuation
Pomanda estimates the enterprise value of EXCEL ASSEMBLIES LIMITED at £15.1m based on a Turnover of £21.4m and 0.7x industry multiple (adjusted for size and gross margin).
excel assemblies limited Estimated Valuation
Pomanda estimates the enterprise value of EXCEL ASSEMBLIES LIMITED at £7.9m based on an EBITDA of £1.4m and a 5.57x industry multiple (adjusted for size and gross margin).
excel assemblies limited Estimated Valuation
Pomanda estimates the enterprise value of EXCEL ASSEMBLIES LIMITED at £10.4m based on Net Assets of £4.9m and 2.11x industry multiple (adjusted for liquidity).
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Excel Assemblies Limited Overview
Excel Assemblies Limited is a live company located in manchester, M3 2ER with a Companies House number of 08388168. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 2013, it's largest shareholder is excel assemblies holdings limited with a 100% stake. Excel Assemblies Limited is a established, large sized company, Pomanda has estimated its turnover at £21.4m with rapid growth in recent years.
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Excel Assemblies Limited Health Check
Pomanda's financial health check has awarded Excel Assemblies Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £16m, make it in line with the average company (£19.3m)
£16m - Excel Assemblies Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.2%)
19% - Excel Assemblies Limited
4.2% - Industry AVG
Production
with a gross margin of 27.5%, this company has a comparable cost of product (33.1%)
27.5% - Excel Assemblies Limited
33.1% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (6%)
3.1% - Excel Assemblies Limited
6% - Industry AVG
Employees
with 627 employees, this is above the industry average (111)
627 - Excel Assemblies Limited
111 - Industry AVG
Pay Structure
on an average salary of £8.6k, the company has a lower pay structure (£46.2k)
£8.6k - Excel Assemblies Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £25.5k, this is less efficient (£192.6k)
£25.5k - Excel Assemblies Limited
£192.6k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (46 days)
57 days - Excel Assemblies Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (44 days)
83 days - Excel Assemblies Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 144 days, this is more than average (49 days)
144 days - Excel Assemblies Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Excel Assemblies Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.5%, this is a similar level of debt than the average (56.6%)
57.5% - Excel Assemblies Limited
56.6% - Industry AVG
EXCEL ASSEMBLIES LIMITED financials
Excel Assemblies Limited's latest turnover from December 2023 is £21.4 million and the company has net assets of £4.9 million. According to their latest financial statements, Excel Assemblies Limited has 745 employees and maintains cash reserves of £477 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Jan 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,445,000 | 15,983,000 | 12,630,000 | 9,565,000 | 17,995,000 | 17,733,000 | 15,555,000 | 8,623,000 | 15,184,000 | 14,816,000 | 17,288,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 15,346,000 | 11,589,000 | 6,339,000 | 5,545,000 | 12,453,000 | 13,458,000 | 12,227,000 | 6,732,000 | 11,686,000 | 12,186,000 | 16,061,000 |
| Gross Profit | 6,099,000 | 4,394,000 | 6,291,000 | 4,020,000 | 5,542,000 | 4,275,000 | 3,328,000 | 1,891,000 | 3,498,000 | 2,630,000 | 1,227,000 |
| Admin Expenses | 4,895,000 | 3,893,000 | 5,579,000 | 3,485,000 | 4,611,000 | 3,649,000 | 4,068,000 | 2,695,000 | 3,076,000 | 2,987,000 | 2,326,000 |
| Operating Profit | 1,204,000 | 501,000 | 712,000 | 535,000 | 931,000 | 626,000 | -740,000 | -804,000 | 422,000 | -357,000 | -1,099,000 |
| Interest Payable | 11,000 | 16,000 | 123,000 | 69,000 | 205,000 | 170,000 | 173,000 | 135,000 | 104,000 | 115,000 | 53,000 |
| Interest Receivable | |||||||||||
| Pre-Tax Profit | 1,193,000 | 485,000 | 589,000 | 466,000 | 726,000 | 456,000 | -913,000 | -939,000 | 318,000 | -472,000 | -3,848,000 |
| Tax | -38,000 | -533,000 | 515,000 | -14,000 | -26,000 | -178,000 | -26,000 | ||||
| Profit After Tax | 1,155,000 | -48,000 | 1,104,000 | 452,000 | 700,000 | 456,000 | -913,000 | -939,000 | 140,000 | -498,000 | -3,848,000 |
| Dividends Paid | |||||||||||
| Retained Profit | 1,155,000 | -48,000 | 1,104,000 | 452,000 | 700,000 | 456,000 | -913,000 | -939,000 | 140,000 | -498,000 | -3,848,000 |
| Employee Costs | 7,397,000 | 5,402,000 | 4,127,000 | 4,680,000 | 4,860,000 | 4,961,000 | 4,543,000 | 2,807,000 | 4,173,000 | 4,500,000 | 3,696,000 |
| Number Of Employees | 745 | 627 | 586 | 530 | 698 | 748 | 760 | 636 | 716 | 685 | 507 |
| EBITDA* | 1,409,000 | 656,000 | 851,000 | 729,000 | 1,162,000 | 744,000 | -605,000 | -709,000 | 590,000 | -226,000 | 1,726,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Jan 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,674,000 | 1,406,000 | 1,321,000 | 1,432,000 | 384,000 | 372,000 | 348,000 | 383,000 | 431,000 | 434,000 | 397,000 |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 1,674,000 | 1,406,000 | 1,321,000 | 1,432,000 | 384,000 | 372,000 | 348,000 | 383,000 | 431,000 | 434,000 | 397,000 |
| Stock & work in progress | 5,514,000 | 4,603,000 | 3,756,000 | 2,844,000 | 3,140,000 | 3,699,000 | 3,267,000 | 2,811,000 | 2,070,000 | 2,642,000 | 2,531,000 |
| Trade Debtors | 3,092,000 | 2,536,000 | 1,963,000 | 1,518,000 | 1,844,000 | 2,647,000 | 2,453,000 | 1,421,000 | 2,792,000 | 2,497,000 | 2,991,000 |
| Group Debtors | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |||||
| Misc Debtors | 108,000 | 75,000 | 658,000 | 362,000 | 362,000 | 496,000 | 459,000 | 454,000 | 544,000 | 663,000 | |
| Cash | 477,000 | 221,000 | 323,000 | 859,000 | 335,000 | 39,000 | 286,000 | 147,000 | 218,000 | 328,000 | 787,000 |
| misc current assets | |||||||||||
| total current assets | 9,221,000 | 7,465,000 | 6,730,000 | 5,613,000 | 5,711,000 | 6,928,000 | 6,502,000 | 4,838,000 | 5,564,000 | 6,011,000 | 6,972,000 |
| total assets | 10,895,000 | 8,871,000 | 8,051,000 | 7,045,000 | 6,095,000 | 7,300,000 | 6,850,000 | 5,221,000 | 5,995,000 | 6,445,000 | 7,369,000 |
| Bank overdraft | |||||||||||
| Bank loan | 240,000 | ||||||||||
| Trade Creditors | 2,656,000 | 2,659,000 | 1,214,000 | 892,000 | 1,437,000 | 2,282,000 | 2,400,000 | 1,415,000 | 759,000 | 1,379,000 | 1,483,000 |
| Group/Directors Accounts | 6,000 | 256,000 | 260,000 | ||||||||
| other short term finances | 2,714,000 | 1,708,000 | 1,439,000 | 1,179,000 | 1,379,000 | 2,325,000 | 2,195,000 | 775,000 | 1,281,000 | 1,290,000 | 1,899,000 |
| hp & lease commitments | |||||||||||
| other current liabilities | 579,000 | 730,000 | 1,522,000 | 1,529,000 | 618,000 | 982,000 | 887,000 | 953,000 | 1,019,000 | 732,000 | |
| total current liabilities | 5,949,000 | 5,097,000 | 4,181,000 | 4,096,000 | 3,694,000 | 5,290,000 | 5,577,000 | 3,077,000 | 2,993,000 | 3,688,000 | 4,114,000 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 24,000 | 26,000 | 18,000 | ||||||||
| total long term liabilities | 24,000 | 26,000 | 18,000 | 250,000 | |||||||
| total liabilities | 5,949,000 | 5,097,000 | 4,205,000 | 4,122,000 | 3,712,000 | 5,540,000 | 5,577,000 | 3,077,000 | 2,993,000 | 3,688,000 | 4,114,000 |
| net assets | 4,946,000 | 3,774,000 | 3,846,000 | 2,923,000 | 2,383,000 | 1,760,000 | 1,273,000 | 2,144,000 | 3,002,000 | 2,757,000 | 3,255,000 |
| total shareholders funds | 4,946,000 | 3,774,000 | 3,846,000 | 2,923,000 | 2,383,000 | 1,760,000 | 1,273,000 | 2,144,000 | 3,002,000 | 2,757,000 | 3,255,000 |
| Dec 2023 | Jan 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 1,204,000 | 501,000 | 712,000 | 535,000 | 931,000 | 626,000 | -740,000 | -804,000 | 422,000 | -357,000 | -1,099,000 |
| Depreciation | 205,000 | 155,000 | 139,000 | 194,000 | 231,000 | 118,000 | 135,000 | 95,000 | 168,000 | 131,000 | 129,000 |
| Amortisation | 2,696,000 | ||||||||||
| Tax | -38,000 | -533,000 | 515,000 | -14,000 | -26,000 | -178,000 | -26,000 | ||||
| Stock | 5,514,000 | 4,603,000 | 912,000 | -296,000 | -559,000 | 432,000 | 456,000 | 169,000 | -572,000 | 111,000 | 2,531,000 |
| Debtors | 3,230,000 | 2,641,000 | 741,000 | -326,000 | -411,000 | -302,000 | 1,069,000 | -1,161,000 | 235,000 | -613,000 | 3,654,000 |
| Creditors | 2,656,000 | 2,659,000 | 322,000 | -545,000 | -845,000 | -118,000 | 985,000 | 36,000 | -620,000 | -104,000 | 1,483,000 |
| Accruals and Deferred Income | 579,000 | 730,000 | -7,000 | 911,000 | 618,000 | -982,000 | 95,000 | -132,000 | -66,000 | 287,000 | 732,000 |
| Deferred Taxes & Provisions | -2,000 | 8,000 | 18,000 | ||||||||
| Cash flow from operations | -4,138,000 | -3,732,000 | 26,000 | 1,711,000 | 1,897,000 | -1,050,000 | 187,000 | 63,000 | 433,000 | -2,244,000 | |
| Investing Activities | |||||||||||
| capital expenditure | -210,000 | -522,000 | |||||||||
| Change in Investments | |||||||||||
| cash flow from investments | -210,000 | -522,000 | |||||||||
| Financing Activities | |||||||||||
| Bank loans | -240,000 | 240,000 | |||||||||
| Group/Directors Accounts | -250,000 | -4,000 | 260,000 | ||||||||
| Other Short Term Loans | 2,714,000 | 1,708,000 | 260,000 | -200,000 | -946,000 | 130,000 | 1,420,000 | -515,000 | -9,000 | -609,000 | 1,899,000 |
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -11,000 | -16,000 | -123,000 | -69,000 | -205,000 | -173,000 | -135,000 | -104,000 | -115,000 | -53,000 | |
| cash flow from financing | 6,494,000 | 5,514,000 | -534,000 | 55,000 | -968,000 | 1,289,000 | -324,000 | -8,000 | -724,000 | 8,949,000 | |
| cash and cash equivalents | |||||||||||
| cash | 477,000 | 221,000 | -536,000 | 524,000 | 296,000 | -247,000 | 139,000 | -181,000 | -110,000 | -459,000 | 787,000 |
| overdraft | |||||||||||
| change in cash | 477,000 | 221,000 | -536,000 | 524,000 | 296,000 | -247,000 | 139,000 | -181,000 | -110,000 | -459,000 | 787,000 |
excel assemblies limited Credit Report and Business Information
Excel Assemblies Limited Competitor Analysis
Perform a competitor analysis for excel assemblies limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in M 3 area or any other competitors across 12 key performance metrics.
excel assemblies limited Ownership
EXCEL ASSEMBLIES LIMITED group structure
Excel Assemblies Limited has 1 subsidiary company.
Ultimate parent company
1 parent
EXCEL ASSEMBLIES LIMITED
08388168
1 subsidiary
excel assemblies limited directors
Excel Assemblies Limited currently has 3 directors. The longest serving directors include Mr William Taylor (Feb 2013) and Mrs Elaine Taylor (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Taylor | England | 64 years | Feb 2013 | - | Director |
| Mrs Elaine Taylor | England | 63 years | Feb 2013 | - | Director |
| Mr Stephen Allan | England | 55 years | Oct 2015 | - | Director |
P&L
December 2023turnover
21.4m
0%
operating profit
1.2m
0%
gross margin
28.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.9m
0%
total assets
10.9m
0%
cash
477k
0%
net assets
Total assets minus all liabilities
excel assemblies limited company details
company number
08388168
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
February 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
ionix systems (leigh) limited (November 2013)
accountant
-
auditor
GRANT THORNTON UK LLP
address
c/o slater heelis limited, 86 deansgate, manchester, M3 2ER
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
excel assemblies 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 7 charges/mortgages relating to excel assemblies limited. Currently there are 3 open charges and 4 have been satisfied in the past.
excel assemblies 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.
Click to start generating capital raising & share issue transactions for EXCEL ASSEMBLIES LIMITED. This can take several minutes, an email will notify you when this has completed.
excel assemblies limited Companies House Filings - See Documents
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