thermalec international limited
thermalec international limited Company Information
Company Number
08903349
Next Accounts
Dec 2025
Shareholders
medding thermalec ltd
gaurav shetty
View AllGroup Structure
View All
Industry
Manufacture of other electrical equipment
Registered Address
kingsley close,east way, lee mill industrial estate, ivybridge, devon, PL21 9LL
Website
http://meddings.co.ukthermalec international limited Estimated Valuation
Pomanda estimates the enterprise value of THERMALEC INTERNATIONAL LIMITED at £310.8k based on a Turnover of £585.1k and 0.53x industry multiple (adjusted for size and gross margin).
thermalec international limited Estimated Valuation
Pomanda estimates the enterprise value of THERMALEC INTERNATIONAL LIMITED at £0 based on an EBITDA of £-2.2k and a 4.26x industry multiple (adjusted for size and gross margin).
thermalec international limited Estimated Valuation
Pomanda estimates the enterprise value of THERMALEC INTERNATIONAL LIMITED at £0 based on Net Assets of £-27.2k and 2x industry multiple (adjusted for liquidity).
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Thermalec International Limited Overview
Thermalec International Limited is a live company located in ivybridge, PL21 9LL with a Companies House number of 08903349. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in February 2014, it's largest shareholder is medding thermalec ltd with a 51% stake. Thermalec International Limited is a established, small sized company, Pomanda has estimated its turnover at £585.1k with healthy growth in recent years.
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Thermalec International Limited Health Check
Pomanda's financial health check has awarded Thermalec International Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
4 Regular
5 Weak
Size
annual sales of £585.1k, make it smaller than the average company (£14.2m)
- Thermalec International Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (10%)
- Thermalec International Limited
10% - Industry AVG
Production
with a gross margin of 35.5%, this company has a comparable cost of product (35.5%)
- Thermalec International Limited
35.5% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (7.5%)
- Thermalec International Limited
7.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (82)
3 - Thermalec International Limited
82 - Industry AVG
Pay Structure
on an average salary of £50.5k, the company has an equivalent pay structure (£50.5k)
- Thermalec International Limited
£50.5k - Industry AVG
Efficiency
resulting in sales per employee of £195k, this is equally as efficient (£195k)
- Thermalec International Limited
£195k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Thermalec International Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Thermalec International Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thermalec International Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Thermalec International Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 158.1%, this is a higher level of debt than the average (39%)
158.1% - Thermalec International Limited
39% - Industry AVG
THERMALEC INTERNATIONAL LIMITED financials
Thermalec International Limited's latest turnover from March 2024 is estimated at £585.1 thousand and the company has net assets of -£27.2 thousand. According to their latest financial statements, Thermalec International Limited has 3 employees and maintains cash reserves of £37 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 945 | 945 | 945 | 945 | 945 | 945 | 945 | 945 | 945 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 945 | 945 | 945 | 945 | 945 | 945 | 945 | 945 | 945 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,782 | 7,464 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59,548 | 30,388 | 591 |
| Group Debtors | 45,792 | 46,667 | 46,841 | 44,133 | 39,613 | 39,613 | 41,811 | 789 | 302 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 665 | 0 | 0 | 1,156 | 1,741 | 0 |
| Cash | 37 | 37 | 37 | 37 | 37 | 37 | 3 | 1,426 | 181 | 2,775 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 45,829 | 46,704 | 46,878 | 44,170 | 40,315 | 39,650 | 41,814 | 62,919 | 43,394 | 10,830 |
| total assets | 46,774 | 47,649 | 47,823 | 45,115 | 41,260 | 40,595 | 42,759 | 63,864 | 44,339 | 10,830 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 930 | 0 | 22,153 | 13,011 |
| Group/Directors Accounts | 72,940 | 70,590 | 69,750 | 68,575 | 66,087 | 63,077 | 61,047 | 68,204 | 30,143 | 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 | 1,000 | 2,000 | 1,869 | 1,080 | 800 | 800 | 800 | 1,338 | 595 | 0 |
| total current liabilities | 73,940 | 72,590 | 71,619 | 69,655 | 66,887 | 63,877 | 62,777 | 69,542 | 52,891 | 13,011 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 73,940 | 72,590 | 71,619 | 69,655 | 66,887 | 63,877 | 62,777 | 69,542 | 52,891 | 13,011 |
| net assets | -27,166 | -24,941 | -23,796 | -24,540 | -25,627 | -23,282 | -20,018 | -5,678 | -8,552 | -2,181 |
| total shareholders funds | -27,166 | -24,941 | -23,796 | -24,540 | -25,627 | -23,282 | -20,018 | -5,678 | -8,552 | -2,181 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,782 | 3,318 | 7,464 |
| Debtors | -875 | -174 | 2,708 | 3,855 | 665 | -2,198 | -19,682 | 29,062 | 31,840 | 591 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -930 | 930 | -22,153 | 9,142 | 13,011 |
| Accruals and Deferred Income | -1,000 | 131 | 789 | 280 | 0 | 0 | -538 | 743 | 595 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 945 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,350 | 840 | 1,175 | 2,488 | 3,010 | 2,030 | -7,157 | 38,061 | 30,143 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 34 | -1,423 | 1,245 | -2,594 | 2,775 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 34 | -1,423 | 1,245 | -2,594 | 2,775 |
thermalec international limited Credit Report and Business Information
Thermalec International Limited Competitor Analysis
Perform a competitor analysis for thermalec international limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in PL21 area or any other competitors across 12 key performance metrics.
thermalec international limited Ownership
THERMALEC INTERNATIONAL LIMITED group structure
Thermalec International Limited has no subsidiary companies.
Ultimate parent company
2 parents
THERMALEC INTERNATIONAL LIMITED
08903349
thermalec international limited directors
Thermalec International Limited currently has 3 directors. The longest serving directors include Mr Peter Meddings (Mar 2015) and Mr Gaurav Shetty (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Meddings | 75 years | Mar 2015 | - | Director | |
| Mr Gaurav Shetty | 44 years | Jul 2015 | - | Director | |
| Mr Amar Mastakar | 53 years | Jul 2015 | - | Director |
P&L
March 2024turnover
585.1k
+12%
operating profit
-2.2k
0%
gross margin
35.5%
+2.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-27.2k
+0.09%
total assets
46.8k
-0.02%
cash
37
0%
net assets
Total assets minus all liabilities
thermalec international limited company details
company number
08903349
Type
Private limited with Share Capital
industry
27900 - Manufacture of other electrical equipment
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
WILLS ACCOUNTANTS LIMITED
auditor
-
address
kingsley close,east way, lee mill industrial estate, ivybridge, devon, PL21 9LL
Bank
-
Legal Advisor
-
thermalec international 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 thermalec international limited.
thermalec international 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.
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thermalec international limited Companies House Filings - See Documents
| date | description | view/download |
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