Ips Electrical Ltd

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ips electrical ltd Company Information

Live

EstablishedSmallHealthy

Company Number

09153676

Website

www.ipselectrical.co.uk

Registered Address

unit 8 old brewery yard, kilton road, worksop, S80 2DE

Industry

Electrical installation

Telephone

01909477472

Next Accounts Due

February 2026

Group Structure

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Directors

Ian Swift10 Years

Shareholders

ian swift 99%

kirsty louise gee 1%

ips electrical ltd Estimated Valuation

£986.2k

Pomanda estimates the enterprise value of IPS ELECTRICAL LTD at £986.2k based on Net Assets of £318.5k and 3.1x industry multiple (adjusted for liquidity).

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Ips Electrical Ltd is a live company located in worksop, S80 2DE with a Companies House number of 09153676. It operates in the electrical installation sector, SIC Code 43210. Founded in July 2014, it's largest shareholder is ian swift with a 99% stake. Ips Electrical Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ips Electrical Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £1.7m, make it larger than the average company (£503.1k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (13.4%)

EXPORT

Ips Electrical Ltd's latest turnover from May 2024 is estimated at £1.7 million and the company has net assets of £318.5 thousand. According to their latest financial statements, Ips Electrical Ltd has 22 employees and maintains cash reserves of £296.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	Jul 2015
Turnover	1,652,628	1,954,737	1,679,431	1,206,743	675,808	777,828	388,198	283,373	78,603	73,498
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,217,027	1,469,757	1,258,641	913,800	506,780	574,938	279,490	203,230	55,741	51,789
Gross Profit	435,601	484,979	420,790	292,944	169,029	202,890	108,708	80,144	22,861	21,709
Admin Expenses	453,278	404,755	177,693	202,051	186,948	201,782	89,695	80,343	19,248	18,549
Operating Profit	-17,677	80,224	243,097	90,893	-17,919	1,108	19,013	-199	3,613	3,160
Interest Payable	2,750	3,675	3,150	2,440	915	0	0	0	0	0
Interest Receivable	9,826	2,996	378	52	41	215	111	14	26	10
Pre-Tax Profit	-10,602	79,545	240,325	88,505	-18,793	1,322	19,123	-185	3,639	3,170
Tax	0	-19,886	-45,662	-16,816	0	-251	-3,633	0	-728	-634
Profit After Tax	-10,602	59,659	194,663	71,689	-18,793	1,071	15,490	-185	2,911	2,536
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,602	59,659	194,663	71,689	-18,793	1,071	15,490	-185	2,911	2,536
Employee Costs	966,946	987,684	744,737	613,270	494,878	399,296	271,870	271,587	39,716	40,193
Number Of Employees	22	24	19	16	13	10	7	7	1	1
EBITDA*	-6,430	94,015	260,969	101,199	-11,765	2,206	19,171	-199	3,894	3,535

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	Jul 2015
Tangible Assets	40,714	50,864	64,352	58,472	30,371	12,977	475	633	844	1,125
Intangible Assets	0	0	0	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	40,714	50,864	64,352	58,472	30,371	12,977	475	633	844	1,125
Stock & work in progress	55,000	173,730	138,920	68,867	43,118	69,014	3,246	9,320	8,710	0
Trade Debtors	164,701	199,545	174,097	176,619	42,192	77,735	53,799	15,175	4,020	10,979
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	14,769	13,075	12,900	10,560	0	0	0	0	0	0
Cash	296,686	96,334	36,833	38,754	65,347	17,128	40,129	4,254	6,569	3,843
misc current assets	0	0	87,432	0	0	0	0	0	0	0
total current assets	531,156	482,684	450,182	294,800	150,657	163,877	97,174	28,749	19,299	14,822
total assets	571,870	533,548	514,534	353,272	181,028	176,854	97,649	29,382	20,143	15,947
Bank overdraft	10,000	10,000	10,000	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	150,538	110,106	132,674	125,814	41,502	42,103	31,584	15,055	14,596	13,311
Group/Directors Accounts	0	0	0	0	0	44,662	0	0	0	0
other short term finances	0	0	0	7,333	0	0	0	0	0	0
hp & lease commitments	6,435	6,862	6,862	5,311	7,623	2,625	0	0	0	0
other current liabilities	65,867	35,513	36,732	75,932	75,529	55,637	45,123	8,965	0	0
total current liabilities	232,840	162,481	186,268	214,390	124,654	145,027	76,707	24,020	14,596	13,311
loans	10,000	20,000	29,997	42,667	30,000	0	0	0	0	0
hp & lease commitments	6,090	12,525	19,386	12,300	17,473	7,438	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	4,400	9,400	9,400	9,095	5,770	2,465	90	0	0	0
total long term liabilities	20,490	41,925	58,783	64,062	53,243	9,903	90	0	0	0
total liabilities	253,330	204,406	245,051	278,452	177,897	154,930	76,797	24,020	14,596	13,311
net assets	318,540	329,142	269,483	74,820	3,131	21,924	20,852	5,362	5,547	2,636
total shareholders funds	318,540	329,142	269,483	74,820	3,131	21,924	20,852	5,362	5,547	2,636

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	Jul 2015
Operating Activities
Operating Profit	-17,677	80,224	243,097	90,893	-17,919	1,108	19,013	-199	3,613	3,160
Depreciation	11,247	13,791	17,872	10,306	6,154	1,098	158	0	281	375
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-19,886	-45,662	-16,816	0	-251	-3,633	0	-728	-634
Stock	-118,730	34,810	70,053	25,749	-25,896	65,768	-6,074	610	8,710	0
Debtors	-33,150	25,623	-182	144,987	-35,543	23,936	38,624	11,155	-6,959	10,979
Creditors	40,432	-22,568	6,860	84,312	-601	10,519	16,529	459	1,285	13,311
Accruals and Deferred Income	30,354	-1,219	-39,200	403	19,892	10,514	36,158	8,965	0	0
Deferred Taxes & Provisions	-5,000	0	305	3,325	3,305	2,375	90	0	0	0
Cash flow from operations	211,236	-10,091	113,401	1,687	72,270	-64,341	35,765	-2,540	2,700	5,233
Investing Activities
capital expenditure	-1,097	-303	-23,752	-38,407	-23,548	-13,600	0	211	0	-1,500
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,097	-303	-23,752	-38,407	-23,548	-13,600	0	211	0	-1,500
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-44,662	44,662	0	0	0	0
Other Short Term Loans	0	0	-7,333	7,333	0	0	0	0	0	0
Long term loans	-10,000	-9,997	-12,670	12,667	30,000	0	0	0	0	0
Hire Purchase and Lease Commitments	-6,862	-6,861	8,637	-7,485	15,033	10,063	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	1	0	0	0	100
interest	7,076	-679	-2,772	-2,388	-874	215	111	14	26	10
cash flow from financing	-9,786	-17,537	-14,138	10,127	-503	54,941	111	14	26	110
cash and cash equivalents
cash	200,352	59,501	-1,921	-26,593	48,219	-23,001	35,875	-2,315	2,726	3,843
overdraft	0	0	10,000	0	0	0	0	0	0	0
change in cash	200,352	59,501	-11,921	-26,593	48,219	-23,001	35,875	-2,315	2,726	3,843

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ips electrical ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in S80 area or any other competitors across 12 key performance metrics.

IPS ELECTRICAL LTD group structure

Ips Electrical Ltd has no subsidiary companies.

Ultimate parent company

IPS ELECTRICAL LTD

09153676

IPS ELECTRICAL LTD Shareholders

ian swift	99.01%
kirsty louise gee	0.99%

Ips Electrical Ltd currently has 1 director, Mr Ian Swift serving since Jul 2014.

officer	country	age	start	end	role
Mr Ian Swift	United Kingdom	40 years	Jul 2014	-	Director

P&L

May 2024

turnover

1.7m

-15%

operating profit

-17.7k

gross margin

26.4%

+6.24%

turnover

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

Balance Sheet

May 2024

net assets

318.5k

-0.03%

total assets

571.9k

+0.07%

cash

296.7k

+2.08%

net assets

Total assets minus all liabilities

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company number

09153676

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

July 2014

accounts

Total Exemption Full

ultimate parent company

None

previous names

is electrical ltd (February 2016)

last accounts submitted

May 2024

address

unit 8 old brewery yard, kilton road, worksop, S80 2DE

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 ips electrical ltd.

ips electrical ltd Company Information

ips electrical ltd Estimated Valuation

ips electrical ltd Estimated Valuation

ips electrical ltd Estimated Valuation

Ips Electrical Ltd Overview

Ips Electrical Ltd Health Check

IPS ELECTRICAL LTD financials

ips electrical ltd Credit Report and Business Information

Ips Electrical Ltd Competitor Analysis

ips electrical ltd Ownership

ips electrical ltd directors

ips electrical ltd company details

ips electrical ltd Charges & Mortgages

ips electrical ltd Companies House Filings - See Documents