Mercury Power Limited

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mercury power limited Company Information

Live

EstablishedMidDeclining

Company Number

08590503

Website

www.mercurypower.net

Registered Address

robert denholm house, bletchingley road, redhill, RH1 4HW

Industry

Electrical installation

Telephone

01737821215

Next Accounts Due

April 2025

Group Structure

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Directors

Stuart Farmer10 Years

Thomas Benfield9 Years

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Shareholders

stuart farmer 46%

thomas michael benfield 32%

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mercury power limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of MERCURY POWER LIMITED at £2.3m based on a Turnover of £5.5m and 0.41x industry multiple (adjusted for size and gross margin).

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Mercury Power Limited is a live company located in redhill, RH1 4HW with a Companies House number of 08590503. It operates in the electrical installation sector, SIC Code 43210. Founded in July 2013, it's largest shareholder is stuart farmer with a 46% stake. Mercury Power Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Mercury Power Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £5.5m, make it larger than the average company (£759.5k)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.4%)

EXPORT

Mercury Power Limited's latest turnover from July 2023 is estimated at £5.5 million and the company has net assets of £439.4 thousand. According to their latest financial statements, Mercury Power Limited has 27 employees and maintains cash reserves of £311.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Turnover	5,532,110	6,189,643	4,714,205	6,744,033	6,362,318	3,243,362	2,766,079	3,755,014	2,413,335	1,670,684
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,114,731	4,637,555	3,556,828	5,053,945	4,686,845	2,352,541	1,984,937	2,636,877	1,692,800	1,155,796
Gross Profit	1,417,378	1,552,088	1,157,377	1,690,089	1,675,473	890,821	781,142	1,118,137	720,535	514,888
Admin Expenses	1,424,319	1,554,792	1,123,310	1,560,496	1,615,225	843,775	742,657	1,088,487	592,017	426,300
Operating Profit	-6,941	-2,704	34,067	129,593	60,248	47,046	38,485	29,650	128,518	88,588
Interest Payable	29,333	25,133	23,993	12,200	0	0	0	0	0	0
Interest Receivable	23,944	7,359	654	495	1,794	1,024	228	405	479	171
Pre-Tax Profit	-12,330	-20,478	10,728	117,888	62,042	48,070	38,714	30,055	128,996	88,759
Tax	0	0	-2,038	-22,399	-11,788	-9,133	-7,356	-6,011	-25,799	-18,639
Profit After Tax	-12,330	-20,478	8,690	95,489	50,254	38,937	31,358	24,044	103,197	70,120
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-12,330	-20,478	8,690	95,489	50,254	38,937	31,358	24,044	103,197	70,120
Employee Costs	1,108,679	1,009,742	1,133,659	986,892	1,009,747	858,031	862,981	796,427	644,908	465,104
Number Of Employees	27	26	29	26	25	22	22	20	16	12
EBITDA*	22,109	26,820	49,761	159,841	76,096	68,031	65,823	60,997	155,051	104,985

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Tangible Assets	28,602	17,790	25,168	78,051	95,706	36,624	46,226	54,146	74,677	65,491
Intangible Assets	17,733	29,428	39,532	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	46,335	47,218	64,700	78,051	95,706	36,624	46,226	54,146	74,677	65,491
Stock & work in progress	210,221	160,869	85,295	40,294	48,001	61,421	85,047	48,295	118,180	69,977
Trade Debtors	1,106,033	1,255,464	1,582,290	1,792,928	1,445,998	641,071	522,666	866,660	301,137	223,218
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	237,794	265,796	94,717	33,443	27,058	5,045	4,737	25,372	0	0
Cash	311,373	646,404	531,106	777,479	212,226	266,230	143,507	39,045	122,895	68,520
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,865,421	2,328,533	2,293,408	2,644,144	1,733,283	973,767	755,957	979,372	542,212	361,715
total assets	1,911,756	2,375,751	2,358,108	2,722,195	1,828,989	1,010,391	802,183	1,033,518	616,889	427,206
Bank overdraft	0	0	80,000	10,822	0	0	0	0	0	0
Bank loan	80,000	80,000	0	0	0	0	0	0	0	0
Trade Creditors	658,721	1,005,707	228,731	699,841	1,007,592	459,937	362,904	405,064	429,069	343,888
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	10,122	6,637	3,346	0	0	0	0	0	0	0
other current liabilities	560,121	633,378	1,290,317	1,194,368	487,444	276,133	201,666	420,654	0	0
total current liabilities	1,308,964	1,725,722	1,602,394	1,905,031	1,495,036	736,070	564,570	825,718	429,069	343,888
loans	146,667	226,667	306,667	389,178	0	0	0	0	0	0
hp & lease commitments	5,535	10,245	11,107	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	11,209	11,406	15,751	14,487	15,943	6,565	8,794	10,339	14,403	13,098
total long term liabilities	163,411	248,318	333,525	403,665	15,943	6,565	8,794	10,339	14,403	13,098
total liabilities	1,472,375	1,974,040	1,935,919	2,308,696	1,510,979	742,635	573,364	836,057	443,472	356,986
net assets	439,381	401,711	422,189	413,499	318,010	267,756	228,819	197,461	173,417	70,220
total shareholders funds	439,381	401,711	422,189	413,499	318,010	267,756	228,819	197,461	173,417	70,220

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Operating Activities
Operating Profit	-6,941	-2,704	34,067	129,593	60,248	47,046	38,485	29,650	128,518	88,588
Depreciation	11,550	16,335	15,694	30,248	15,848	20,985	27,338	31,347	26,533	16,397
Amortisation	17,500	13,189	0	0	0	0	0	0	0	0
Tax	0	0	-2,038	-22,399	-11,788	-9,133	-7,356	-6,011	-25,799	-18,639
Stock	49,352	75,574	45,001	-7,707	-13,420	-23,626	36,752	-69,885	48,203	69,977
Debtors	-177,433	-155,747	-149,364	353,315	826,940	118,713	-364,629	590,895	77,919	223,218
Creditors	-346,986	776,976	-471,110	-307,751	547,655	97,033	-42,160	-24,005	85,181	343,888
Accruals and Deferred Income	-73,257	-656,939	95,949	706,924	211,311	74,467	-218,988	420,654	0	0
Deferred Taxes & Provisions	-197	-4,345	1,264	-1,456	9,378	-2,229	-1,545	-4,064	1,305	13,098
Cash flow from operations	-270,250	222,685	-221,811	189,551	19,132	133,082	123,651	-73,439	89,616	150,137
Investing Activities
capital expenditure	-28,167	-12,042	-2,343	-12,593	-74,930	-11,383	-19,418	-10,816	-35,719	-81,888
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-28,167	-12,042	-2,343	-12,593	-74,930	-11,383	-19,418	-10,816	-35,719	-81,888
Financing Activities
Bank loans	0	80,000	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-80,000	-80,000	-82,511	389,178	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-1,225	2,429	14,453	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	50,000	0	0	0	0	0	0	0	0	100
interest	-5,389	-17,774	-23,339	-11,705	1,794	1,024	228	405	479	171
cash flow from financing	-36,614	-15,345	-91,397	377,473	1,794	1,024	228	405	479	271
cash and cash equivalents
cash	-335,031	115,298	-246,373	565,253	-54,004	122,723	104,462	-83,850	54,375	68,520
overdraft	0	-80,000	69,178	10,822	0	0	0	0	0	0
change in cash	-335,031	195,298	-315,551	554,431	-54,004	122,723	104,462	-83,850	54,375	68,520

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERCURY POWER LIMITED group structure

Mercury Power Limited has no subsidiary companies.

Ultimate parent company

MERCURY POWER LIMITED

08590503

MERCURY POWER LIMITED Shareholders

stuart farmer	46%
thomas michael benfield	32%
simon elliott	22%

Mercury Power Limited currently has 3 directors. The longest serving directors include Mr Stuart Farmer (Jul 2013) and Mr Thomas Benfield (Apr 2015).

officer	country	age	start	end	role
Mr Stuart Farmer	England	50 years	Jul 2013	-	Director
Mr Thomas Benfield	England	42 years	Apr 2015	-	Director
Mr Simon Elliott	England	49 years	Aug 2020	-	Director

P&L

July 2023

turnover

5.5m

-11%

operating profit

-6.9k

gross margin

25.7%

+2.17%

turnover

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

Balance Sheet

July 2023

net assets

439.4k

+0.09%

total assets

1.9m

-0.2%

cash

311.4k

-0.52%

net assets

Total assets minus all liabilities

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company number

08590503

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

July 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

modular power limited (December 2013)

incorporated

address

robert denholm house, bletchingley road, redhill, RH1 4HW

last accounts submitted

July 2023

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 2 charges/mortgages relating to mercury power limited. Currently there are 1 open charges and 1 have been satisfied in the past.

mercury power limited Company Information

mercury power limited Estimated Valuation

mercury power limited Estimated Valuation

mercury power limited Estimated Valuation

Mercury Power Limited Overview

Mercury Power Limited Health Check

MERCURY POWER LIMITED financials

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