southeast electrical contractors group ltd
southeast electrical contractors group ltd Company Information
Company Number
09677779
Website
sec-ltd.co.ukRegistered Address
first floor 81-85 high street, brentwood, essex, CM14 4RR
Industry
Electrical installation
Telephone
441708750940
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
matthew corbett 50%
stuart stanley 50%
southeast electrical contractors group ltd Estimated Valuation
The estimated valuation range for southeast electrical contractors group ltd, derived from financial data as of June 2023 and the most recent industry multiples, is between £902.9k to £4.5m
southeast electrical contractors group ltd Estimated Valuation
The estimated valuation range for southeast electrical contractors group ltd, derived from financial data as of June 2023 and the most recent industry multiples, is between £902.9k to £4.5m
southeast electrical contractors group ltd Estimated Valuation
The estimated valuation range for southeast electrical contractors group ltd, derived from financial data as of June 2023 and the most recent industry multiples, is between £902.9k to £4.5m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Southeast Electrical Contractors Group Ltd AI Business Plan
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Southeast Electrical Contractors Group Ltd Overview
Southeast Electrical Contractors Group Ltd is a live company located in essex, CM14 4RR with a Companies House number of 09677779. It operates in the electrical installation sector, SIC Code 43210. Founded in July 2015, it's largest shareholder is matthew corbett with a 50% stake. Southeast Electrical Contractors Group Ltd is a young, mid sized company, Pomanda has estimated its turnover at £5m with declining growth in recent years.
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Southeast Electrical Contractors Group Ltd Health Check
Pomanda's financial health check has awarded Southeast Electrical Contractors Group Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £5m, make it larger than the average company (£870.3k)
£5m - Southeast Electrical Contractors Group Ltd
£870.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.1%)
- Southeast Electrical Contractors Group Ltd
7.1% - Industry AVG
Production
with a gross margin of 83.4%, this company has a lower cost of product (24.4%)
83.4% - Southeast Electrical Contractors Group Ltd
24.4% - Industry AVG
Profitability
an operating margin of 6.1% make it as profitable than the average company (6.4%)
6.1% - Southeast Electrical Contractors Group Ltd
6.4% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (12)
12 - Southeast Electrical Contractors Group Ltd
12 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
- Southeast Electrical Contractors Group Ltd
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £419.4k, this is more efficient (£132.7k)
£419.4k - Southeast Electrical Contractors Group Ltd
£132.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Southeast Electrical Contractors Group Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 186 days, this is slower than average (43 days)
186 days - Southeast Electrical Contractors Group Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 371 days, this is more than average (8 days)
371 days - Southeast Electrical Contractors Group Ltd
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (21 weeks)
15 weeks - Southeast Electrical Contractors Group Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.6%, this is a higher level of debt than the average (63.5%)
81.6% - Southeast Electrical Contractors Group Ltd
63.5% - Industry AVG
southeast electrical contractors group ltd Credit Report and Business Information
Southeast Electrical Contractors Group Ltd Competitor Analysis
Perform a competitor analysis for southeast electrical contractors group ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
southeast electrical contractors group ltd Ownership
SOUTHEAST ELECTRICAL CONTRACTORS GROUP LTD group structure
Southeast Electrical Contractors Group Ltd has 3 subsidiary companies.
Ultimate parent company
SOUTHEAST ELECTRICAL CONTRACTORS GROUP LTD
09677779
3 subsidiaries
southeast electrical contractors group ltd directors
Southeast Electrical Contractors Group Ltd currently has 2 directors. The longest serving directors include Mr Stuart Stanley (Jul 2015) and Mr Matthew Corbett (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Stanley | England | 49 years | Jul 2015 | - | Director |
| Mr Matthew Corbett | United Kingdom | 52 years | Jul 2015 | - | Director |
SOUTHEAST ELECTRICAL CONTRACTORS GROUP LTD financials
Southeast Electrical Contractors Group Ltd's latest turnover from June 2023 is £5 million and the company has net assets of £274.9 thousand. According to their latest financial statements, Southeast Electrical Contractors Group Ltd has 12 employees and maintains cash reserves of £171.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 5,032,292 | 4,953,687 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 837,179 | 902,330 | ||||||
| Gross Profit | 4,195,113 | 4,051,357 | ||||||
| Admin Expenses | 3,889,109 | 3,927,819 | ||||||
| Operating Profit | 306,004 | 123,538 | ||||||
| Interest Payable | 62,285 | 65,139 | ||||||
| Interest Receivable | 0 | 0 | ||||||
| Pre-Tax Profit | 243,719 | 58,399 | ||||||
| Tax | -1,614 | 4,523 | ||||||
| Profit After Tax | 242,105 | 62,922 | ||||||
| Dividends Paid | 179,000 | 143,600 | ||||||
| Retained Profit | 63,105 | -80,678 | ||||||
| Employee Costs | ||||||||
| Number Of Employees | 12 | 12 | 19 | 22 | 13 | 9 | 5 | |
| EBITDA* | 366,866 | 171,692 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 374,426 | 281,281 | 324,512 | 81,769 | 107,673 | 140,399 | 7,141 | 10,888 |
| Intangible Assets | 6,996 | 11,025 | 3,847 | 6,195 | 8,543 | 0 | 0 | 0 |
| Investments & Other | 348 | 348 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 381,770 | 292,654 | 328,359 | 87,964 | 116,216 | 140,399 | 7,141 | 10,888 |
| Stock & work in progress | 851,607 | 936,556 | 1,297,788 | 916,632 | 882,584 | 550,572 | 567,294 | 200,883 |
| Trade Debtors | 0 | 52,829 | 352,056 | 71,920 | 0 | 302 | 0 | 277 |
| Group Debtors | 47,575 | 69,747 | 11,909 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 44,751 | 28,232 | 21,308 | 616 | 0 | 0 | 1,738 | 16,137 |
| Cash | 171,350 | 23,781 | 74,696 | 525,275 | 266,636 | 231,820 | 25,919 | 55,681 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,115,283 | 1,111,145 | 1,757,757 | 1,514,443 | 1,149,220 | 782,694 | 594,951 | 272,978 |
| total assets | 1,497,053 | 1,403,799 | 2,086,116 | 1,602,407 | 1,265,436 | 923,093 | 602,092 | 283,866 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 428,031 | 495,585 | 869,753 | 527,776 | 355,724 | 2,235 | 2,397 | 4,527 |
| Group/Directors Accounts | 24,124 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 42,775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 86,487 | 90,053 | 923,936 | 618,485 | 553,068 | 744,748 | 594,656 | 257,312 |
| total current liabilities | 581,417 | 585,638 | 1,793,689 | 1,146,261 | 908,792 | 746,983 | 597,053 | 261,839 |
| loans | 339,777 | 591,316 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 296,875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 4,130 | 1,717 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 13,379 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 640,782 | 606,412 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,222,199 | 1,192,050 | 1,793,689 | 1,146,261 | 908,792 | 746,983 | 597,053 | 261,839 |
| net assets | 274,854 | 211,749 | 292,427 | 456,146 | 356,644 | 176,110 | 5,039 | 22,027 |
| total shareholders funds | 274,854 | 211,749 | 292,427 | 456,146 | 356,644 | 176,110 | 5,039 | 22,027 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 306,004 | 123,538 | ||||||
| Depreciation | 56,833 | 45,213 | 62,602 | 42,994 | 43,200 | 16,076 | 4,072 | 3,412 |
| Amortisation | 4,029 | 2,941 | 2,348 | 2,348 | 849 | 0 | 0 | 0 |
| Tax | -1,614 | 4,523 | ||||||
| Stock | -84,949 | -361,232 | 381,156 | 34,048 | 332,012 | -16,722 | 366,411 | 200,883 |
| Debtors | -58,482 | -234,465 | 312,737 | 72,536 | -302 | -1,436 | -14,676 | 16,414 |
| Creditors | -67,554 | -374,168 | 341,977 | 172,052 | 353,489 | -162 | -2,130 | 4,527 |
| Accruals and Deferred Income | -3,566 | -833,883 | 305,451 | 65,417 | -191,680 | 150,092 | 337,344 | 257,312 |
| Deferred Taxes & Provisions | -13,379 | 13,379 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 424,184 | -422,760 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 348 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 24,124 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -251,539 | 591,316 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 339,650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 2,413 | 1,717 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -62,285 | -65,139 | ||||||
| cash flow from financing | 52,363 | 527,894 | ||||||
| cash and cash equivalents | ||||||||
| cash | 147,569 | -50,915 | -450,579 | 258,639 | 34,816 | 205,901 | -29,762 | 55,681 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 147,569 | -50,915 | -450,579 | 258,639 | 34,816 | 205,901 | -29,762 | 55,681 |
P&L
June 2023turnover
5m
+2%
operating profit
306k
+148%
gross margin
83.4%
+1.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
274.9k
+0.3%
total assets
1.5m
+0.07%
cash
171.4k
+6.21%
net assets
Total assets minus all liabilities
southeast electrical contractors group ltd company details
company number
09677779
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
July 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
first floor 81-85 high street, brentwood, essex, CM14 4RR
last accounts submitted
June 2023
southeast electrical contractors group 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 found 3 charges/mortgages relating to southeast electrical contractors group ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
southeast electrical contractors group ltd Companies House Filings - See Documents
| date | description | view/download |
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