3k electrical services ltd
3k electrical services ltd Company Information
Company Number
09248273
Website
www.3kelectrical.comRegistered Address
4 bloors lane rainham, gillingham, kent, ME8 7EG
Industry
Electrical installation
Telephone
447915255985
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
danny lawrence king 33.3%
nicholas eamon king 33.3%
View All3k electrical services ltd Estimated Valuation
Pomanda estimates the enterprise value of 3K ELECTRICAL SERVICES LTD at £88.4k based on a Turnover of £170.3k and 0.52x industry multiple (adjusted for size and gross margin).
3k electrical services ltd Estimated Valuation
Pomanda estimates the enterprise value of 3K ELECTRICAL SERVICES LTD at £15.8k based on an EBITDA of £2.9k and a 5.37x industry multiple (adjusted for size and gross margin).
3k electrical services ltd Estimated Valuation
Pomanda estimates the enterprise value of 3K ELECTRICAL SERVICES LTD at £3.3k based on Net Assets of £1.1k and 3.05x industry multiple (adjusted for liquidity).
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3k Electrical Services Ltd Overview
3k Electrical Services Ltd is a live company located in kent, ME8 7EG with a Companies House number of 09248273. It operates in the electrical installation sector, SIC Code 43210. Founded in October 2014, it's largest shareholder is danny lawrence king with a 33.3% stake. 3k Electrical Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £170.3k with healthy growth in recent years.
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3k Electrical Services Ltd Health Check
Pomanda's financial health check has awarded 3K Electrical Services Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £170.3k, make it smaller than the average company (£806.3k)
- 3k Electrical Services Ltd
£806.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.4%)
- 3k Electrical Services Ltd
8.4% - Industry AVG
Production
with a gross margin of 25.3%, this company has a comparable cost of product (25.3%)
- 3k Electrical Services Ltd
25.3% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (6.6%)
- 3k Electrical Services Ltd
6.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (11)
3 - 3k Electrical Services Ltd
11 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- 3k Electrical Services Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £56.8k, this is less efficient (£133.7k)
- 3k Electrical Services Ltd
£133.7k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (57 days)
- 3k Electrical Services Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (43 days)
- 3k Electrical Services Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (7 days)
- 3k Electrical Services Ltd
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (22 weeks)
29 weeks - 3k Electrical Services Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.9%, this is a higher level of debt than the average (61.6%)
98.9% - 3k Electrical Services Ltd
61.6% - Industry AVG
3K ELECTRICAL SERVICES LTD financials
3K Electrical Services Ltd's latest turnover from October 2023 is estimated at £170.3 thousand and the company has net assets of £1.1 thousand. According to their latest financial statements, 3K Electrical Services Ltd has 3 employees and maintains cash reserves of £42.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 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 | 3 | 3 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,158 | 5,638 | 5,919 | 3,950 | 5,266 | 12,558 | 16,234 | 18,094 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,158 | 5,638 | 5,919 | 3,950 | 5,266 | 12,558 | 16,234 | 18,094 | 0 |
| Stock & work in progress | 485 | 355 | 275 | 2,125 | 0 | 0 | 4,125 | 0 | 0 |
| Trade Debtors | 27,548 | 1,596 | 49,131 | 20,710 | 29,090 | 39,174 | 0 | 0 | 8,400 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 15,461 | 63,103 | 26,161 | 7,156 | 5,036 | 222 | 0 | 0 | 0 |
| Cash | 42,436 | 46,626 | 65,622 | 25,579 | 67,847 | 75,798 | 118,790 | 24,767 | 1,140 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 85,930 | 111,680 | 141,189 | 55,570 | 101,973 | 115,194 | 122,915 | 24,767 | 9,540 |
| total assets | 93,088 | 117,318 | 147,108 | 59,520 | 107,239 | 127,752 | 139,149 | 42,861 | 9,540 |
| Bank overdraft | 10,000 | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,225 | 2,944 | 2,111 | 10,610 | 2,517 | 7,079 | 0 | 0 | 6,350 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 3,969 | 18,276 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 57,545 | 73,501 | 91,748 | 52,462 | 84,713 | 80,397 | 97,980 | 57,342 | 0 |
| total current liabilities | 73,770 | 86,445 | 103,859 | 63,072 | 91,199 | 105,752 | 97,980 | 57,342 | 6,350 |
| loans | 17,500 | 27,500 | 37,499 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 747 | 1,421 | 1,125 | 750 | 1,000 | 2,386 | 3,084 | 0 | 0 |
| total long term liabilities | 18,247 | 28,921 | 38,624 | 50,750 | 1,000 | 2,386 | 3,084 | 0 | 0 |
| total liabilities | 92,017 | 115,366 | 142,483 | 113,822 | 92,199 | 108,138 | 101,064 | 57,342 | 6,350 |
| net assets | 1,071 | 1,952 | 4,625 | -54,302 | 15,040 | 19,614 | 38,085 | -14,481 | 3,190 |
| total shareholders funds | 1,071 | 1,952 | 4,625 | -54,302 | 15,040 | 19,614 | 38,085 | -14,481 | 3,190 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 2,481 | 1,763 | 1,812 | 1,316 | 1,755 | 4,185 | 4,660 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 130 | 80 | -1,850 | 2,125 | 0 | -4,125 | 4,125 | 0 | 0 |
| Debtors | -21,690 | -10,593 | 47,426 | -6,260 | -5,270 | 39,396 | 0 | -8,400 | 8,400 |
| Creditors | 3,281 | 833 | -8,499 | 8,093 | -4,562 | 7,079 | 0 | -6,350 | 6,350 |
| Accruals and Deferred Income | -15,956 | -18,247 | 39,286 | -32,251 | 4,316 | -17,583 | 40,638 | 57,342 | 0 |
| Deferred Taxes & Provisions | -674 | 296 | 375 | -250 | -1,386 | -698 | 3,084 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -3,969 | -14,307 | 18,276 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -9,999 | -12,501 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -4,190 | -18,996 | 40,043 | -42,268 | -7,951 | -42,992 | 94,023 | 23,627 | 1,140 |
| overdraft | 0 | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,190 | -18,996 | 30,043 | -42,268 | -7,951 | -42,992 | 94,023 | 23,627 | 1,140 |
3k electrical services ltd Credit Report and Business Information
3k Electrical Services Ltd Competitor Analysis
Perform a competitor analysis for 3k electrical services ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ME8 area or any other competitors across 12 key performance metrics.
3k electrical services ltd Ownership
3K ELECTRICAL SERVICES LTD group structure
3K Electrical Services Ltd has no subsidiary companies.
Ultimate parent company
3K ELECTRICAL SERVICES LTD
09248273
3k electrical services ltd directors
3K Electrical Services Ltd currently has 3 directors. The longest serving directors include Mr Danny King (Oct 2014) and Mr Nicholas King (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Danny King | England | 35 years | Oct 2014 | - | Director |
| Mr Nicholas King | England | 51 years | Feb 2015 | - | Director |
| Mr Michael King | England | 44 years | May 2017 | - | Director |
P&L
October 2023turnover
170.3k
+91%
operating profit
467.5
0%
gross margin
25.3%
+1.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
1.1k
-0.45%
total assets
93.1k
-0.21%
cash
42.4k
-0.09%
net assets
Total assets minus all liabilities
3k electrical services ltd company details
company number
09248273
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
4 bloors lane rainham, gillingham, kent, ME8 7EG
Bank
-
Legal Advisor
-
3k electrical services ltd 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 3k electrical services ltd.
3k electrical services ltd Companies House Filings - See Documents
| date | description | view/download |
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