lower easton solar c.i.c.
lower easton solar c.i.c. Company Information
Group Structure
View All
Industry
Production of electricity
Registered Address
the long barn, manor courtyard, stratton-on-the-fosse, radstock, BA3 4QF
Website
-lower easton solar c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LOWER EASTON SOLAR C.I.C. at £1.9m based on a Turnover of £976.9k and 1.94x industry multiple (adjusted for size and gross margin).
lower easton solar c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LOWER EASTON SOLAR C.I.C. at £4.4m based on an EBITDA of £798.6k and a 5.52x industry multiple (adjusted for size and gross margin).
lower easton solar c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of LOWER EASTON SOLAR C.I.C. at £5.6m based on Net Assets of £2.1m and 2.63x industry multiple (adjusted for liquidity).
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Lower Easton Solar C.i.c. Overview
Lower Easton Solar C.i.c. is a live company located in radstock, BA3 4QF with a Companies House number of 09637027. It operates in the production of electricity sector, SIC Code 35110. Founded in June 2015, it's largest shareholder is whitelake pv ltd with a 100% stake. Lower Easton Solar C.i.c. is a established, small sized company, Pomanda has estimated its turnover at £976.9k with high growth in recent years.
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Lower Easton Solar C.i.c. Health Check
Pomanda's financial health check has awarded Lower Easton Solar C.I.C. a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £976.9k, make it smaller than the average company (£1.7m)
£976.9k - Lower Easton Solar C.i.c.
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (12%)
16% - Lower Easton Solar C.i.c.
12% - Industry AVG
Production
with a gross margin of 86.2%, this company has a lower cost of product (68.4%)
86.2% - Lower Easton Solar C.i.c.
68.4% - Industry AVG
Profitability
an operating margin of 58.5% make it as profitable than the average company (49.7%)
58.5% - Lower Easton Solar C.i.c.
49.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Lower Easton Solar C.i.c.
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Lower Easton Solar C.i.c.
- - Industry AVG
Efficiency
resulting in sales per employee of £976.9k, this is more efficient (£430.8k)
£976.9k - Lower Easton Solar C.i.c.
£430.8k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (16 days)
68 days - Lower Easton Solar C.i.c.
16 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (20 days)
1 days - Lower Easton Solar C.i.c.
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lower Easton Solar C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 125 weeks, this is more cash available to meet short term requirements (11 weeks)
125 weeks - Lower Easton Solar C.i.c.
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.2%, this is a lower level of debt than the average (88.8%)
59.2% - Lower Easton Solar C.i.c.
88.8% - Industry AVG
LOWER EASTON SOLAR C.I.C. financials
Lower Easton Solar C.I.C.'s latest turnover from June 2024 is £976.9 thousand and the company has net assets of £2.1 million. According to their latest financial statements, Lower Easton Solar C.I.C. has 1 employee and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 976,878 | 921,810 | 694,641 | 619,069 | 730,546 | ||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 134,960 | 107,701 | 93,277 | 82,012 | 87,976 | ||||
| Gross Profit | 841,918 | 814,109 | 601,364 | 537,057 | 642,570 | ||||
| Admin Expenses | 270,895 | 268,807 | 319,406 | 262,103 | 260,256 | ||||
| Operating Profit | 571,023 | 545,302 | 281,958 | 274,954 | 382,314 | ||||
| Interest Payable | 120,639 | 158,260 | 166,336 | 173,858 | 178,494 | ||||
| Interest Receivable | 8,810 | 3,049 | 405 | 908 | 2,183 | ||||
| Pre-Tax Profit | 459,194 | 390,091 | 116,027 | 102,004 | 206,003 | ||||
| Tax | -152,550 | -108,713 | -97,421 | -23,902 | -35,154 | ||||
| Profit After Tax | 306,644 | 281,378 | 18,606 | 78,102 | 170,849 | ||||
| Dividends Paid | |||||||||
| Retained Profit | 306,644 | 281,378 | 18,606 | 78,102 | 170,849 | ||||
| Employee Costs | |||||||||
| Number Of Employees | 1 | ||||||||
| EBITDA* | 798,632 | 772,911 | 509,567 | 502,564 | 609,924 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,736,813 | 3,964,422 | 4,192,031 | 4,419,640 | 4,647,250 | 4,874,860 | 5,102,469 | 4,226,067 | 4,386,382 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 3,736,813 | 3,964,422 | 4,192,031 | 4,419,640 | 4,647,250 | 4,874,860 | 5,102,469 | 4,226,067 | 4,386,382 |
| Stock & work in progress | |||||||||
| Trade Debtors | 184,386 | 175,162 | 208,450 | 6,521 | |||||
| Group Debtors | |||||||||
| Misc Debtors | 91,933 | 139,765 | 210,040 | 197,905 | 307,180 | 188,895 | 38,794 | 160,686 | 300,024 |
| Cash | 1,242,096 | 840,607 | 595,029 | 522,981 | 554,824 | 605,459 | 361,359 | 410,669 | 44,517 |
| misc current assets | |||||||||
| total current assets | 1,518,415 | 1,155,534 | 805,069 | 720,886 | 862,004 | 794,354 | 608,603 | 577,876 | 344,541 |
| total assets | 5,255,228 | 5,119,956 | 4,997,100 | 5,140,526 | 5,509,254 | 5,669,214 | 5,711,072 | 4,803,943 | 4,730,923 |
| Bank overdraft | 199,434 | 191,358 | 180,690 | 199,388 | 189,969 | 282,693 | 4,280 | ||
| Bank loan | 246,621 | 211,787 | |||||||
| Trade Creditors | 420 | 39,993 | 9,542 | 28,122 | 11,366 | 125 | 500,234 | 11,142 | |
| Group/Directors Accounts | 22,593 | 203,907 | 320,475 | 383,603 | 472,027 | 472,027 | 472,027 | ||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 244,893 | 54,511 | 45,736 | 41,162 | 14,293 | 67,983 | 65,672 | 97,848 | 87,248 |
| total current liabilities | 514,527 | 510,198 | 565,645 | 625,665 | 695,132 | 750,764 | 727,793 | 880,775 | 102,670 |
| loans | 2,239,603 | 2,403,102 | 2,614,889 | 2,814,323 | 3,215,588 | 3,525,919 | 3,366,609 | 3,032,457 | 3,325,136 |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 347,871 | 543,083 | 989,648 | ||||||
| provisions | 356,294 | 368,497 | 259,785 | 162,364 | 138,462 | 103,308 | 96,890 | ||
| total long term liabilities | 2,595,897 | 2,771,599 | 2,874,674 | 2,976,687 | 3,354,050 | 3,629,227 | 3,811,370 | 3,575,540 | 4,314,784 |
| total liabilities | 3,110,424 | 3,281,797 | 3,440,319 | 3,602,352 | 4,049,182 | 4,379,991 | 4,539,163 | 4,456,315 | 4,417,454 |
| net assets | 2,144,804 | 1,838,159 | 1,556,781 | 1,538,174 | 1,460,072 | 1,289,223 | 1,171,909 | 347,628 | 313,469 |
| total shareholders funds | 2,144,804 | 1,838,159 | 1,556,781 | 1,538,174 | 1,460,072 | 1,289,223 | 1,171,909 | 347,628 | 313,469 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 571,023 | 545,302 | 281,958 | 274,954 | 382,314 | ||||
| Depreciation | 227,609 | 227,609 | 227,609 | 227,610 | 227,610 | 227,609 | 227,609 | 160,315 | 93,517 |
| Amortisation | |||||||||
| Tax | -152,550 | -108,713 | -97,421 | -23,902 | -35,154 | ||||
| Stock | |||||||||
| Debtors | -38,608 | 104,887 | 12,135 | -109,275 | 118,285 | -58,349 | 80,037 | -132,817 | 300,024 |
| Creditors | -39,573 | 39,993 | -9,542 | -18,580 | 16,756 | 11,241 | -500,109 | 489,092 | 11,142 |
| Accruals and Deferred Income | 190,382 | 8,775 | 4,574 | 26,869 | -53,690 | 2,311 | -32,176 | 10,600 | 87,248 |
| Deferred Taxes & Provisions | -12,203 | 108,712 | 97,421 | 23,902 | 35,154 | 6,418 | 96,890 | ||
| Cash flow from operations | 823,296 | 716,791 | 492,464 | 620,128 | 454,705 | ||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 34,834 | 211,787 | |||||||
| Group/Directors Accounts | -181,314 | -116,568 | -63,128 | -88,424 | 472,027 | ||||
| Other Short Term Loans | |||||||||
| Long term loans | -163,499 | -211,787 | -199,434 | -401,265 | -310,331 | 159,310 | 334,152 | -292,679 | 3,325,136 |
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -347,871 | -195,212 | -446,565 | 989,648 | |||||
| share issue | |||||||||
| interest | -111,829 | -155,211 | -165,931 | -172,950 | -176,311 | ||||
| cash flow from financing | -421,807 | -271,779 | -428,492 | -662,639 | -486,642 | ||||
| cash and cash equivalents | |||||||||
| cash | 401,489 | 245,578 | 72,048 | -31,843 | -50,635 | 244,100 | -49,310 | 366,152 | 44,517 |
| overdraft | -199,434 | 8,076 | 10,668 | -18,698 | 9,419 | -92,724 | 278,413 | 4,280 | |
| change in cash | 401,489 | 445,012 | 63,972 | -42,511 | -31,937 | 234,681 | 43,414 | 87,739 | 40,237 |
lower easton solar c.i.c. Credit Report and Business Information
Lower Easton Solar C.i.c. Competitor Analysis
Perform a competitor analysis for lower easton solar c.i.c. by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in BA3 area or any other competitors across 12 key performance metrics.
lower easton solar c.i.c. Ownership
LOWER EASTON SOLAR C.I.C. group structure
Lower Easton Solar C.I.C. has no subsidiary companies.
Ultimate parent company
2 parents
LOWER EASTON SOLAR C.I.C.
09637027
lower easton solar c.i.c. directors
Lower Easton Solar C.I.C. currently has 1 director, Mr Jonathan Thompson serving since Jun 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Thompson | England | 61 years | Jun 2015 | - | Director |
P&L
June 2024turnover
976.9k
+6%
operating profit
571k
+5%
gross margin
86.2%
-2.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
2.1m
+0.17%
total assets
5.3m
+0.03%
cash
1.2m
+0.48%
net assets
Total assets minus all liabilities
lower easton solar c.i.c. company details
company number
09637027
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
OLD MILL AUDIT LIMITED
address
the long barn, manor courtyard, stratton-on-the-fosse, radstock, BA3 4QF
Bank
-
Legal Advisor
-
lower easton solar c.i.c. 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 lower easton solar c.i.c..
lower easton solar c.i.c. 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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lower easton solar c.i.c. Companies House Filings - See Documents
| date | description | view/download |
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