igloo energy supply limited
igloo energy supply limited Company Information
Company Number
09812716
Next Accounts
1195 days late
Shareholders
lightbulb es limited
Group Structure
View All
Industry
Trade of electricity
Registered Address
suite 3 regency house, 91 western road, brighton, BN1 2NW
Website
igloo.energyigloo energy supply limited Estimated Valuation
Pomanda estimates the enterprise value of IGLOO ENERGY SUPPLY LIMITED at £153.8m based on a Turnover of £70m and 2.2x industry multiple (adjusted for size and gross margin).
igloo energy supply limited Estimated Valuation
Pomanda estimates the enterprise value of IGLOO ENERGY SUPPLY LIMITED at £0 based on an EBITDA of £-6.3m and a 6.82x industry multiple (adjusted for size and gross margin).
igloo energy supply limited Estimated Valuation
Pomanda estimates the enterprise value of IGLOO ENERGY SUPPLY LIMITED at £0 based on Net Assets of £-10m and 2.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Igloo Energy Supply Limited Overview
Igloo Energy Supply Limited is a live company located in brighton, BN1 2NW with a Companies House number of 09812716. It operates in the trade of electricity sector, SIC Code 35140. Founded in October 2015, it's largest shareholder is lightbulb es limited with a 100% stake. Igloo Energy Supply Limited is a established, large sized company, Pomanda has estimated its turnover at £70m with rapid growth in recent years.
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Igloo Energy Supply Limited Health Check
Pomanda's financial health check has awarded Igloo Energy Supply Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
2 Weak
Size
annual sales of £70m, make it larger than the average company (£29.9m)
£70m - Igloo Energy Supply Limited
£29.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 330%, show it is growing at a faster rate (14.4%)
- Igloo Energy Supply Limited
14.4% - Industry AVG
Production
with a gross margin of 9.5%, this company has a comparable cost of product (8.3%)
9.5% - Igloo Energy Supply Limited
8.3% - Industry AVG
Profitability
an operating margin of -9.1% make it less profitable than the average company (0.8%)
-9.1% - Igloo Energy Supply Limited
0.8% - Industry AVG
Employees
with 68 employees, this is above the industry average (38)
68 - Igloo Energy Supply Limited
38 - Industry AVG
Pay Structure
on an average salary of £41.4k, the company has an equivalent pay structure (£38.2k)
£41.4k - Igloo Energy Supply Limited
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£713.1k)
£1m - Igloo Energy Supply Limited
£713.1k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is near the average (29 days)
25 days - Igloo Energy Supply Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is close to average (17 days)
17 days - Igloo Energy Supply Limited
17 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (11 days)
0 days - Igloo Energy Supply Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is average cash available to meet short term requirements (7 weeks)
6 weeks - Igloo Energy Supply Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 150.9%, this is a higher level of debt than the average (97.6%)
150.9% - Igloo Energy Supply Limited
97.6% - Industry AVG
IGLOO ENERGY SUPPLY LIMITED financials
Igloo Energy Supply Limited's latest turnover from March 2020 is £70 million and the company has net assets of -£10 million. According to their latest financial statements, Igloo Energy Supply Limited has 68 employees and maintains cash reserves of £3.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|
| Turnover | 69,985,815 | |||
| Other Income Or Grants | ||||
| Cost Of Sales | 63,362,100 | |||
| Gross Profit | 6,623,715 | |||
| Admin Expenses | 12,969,608 | |||
| Operating Profit | -6,345,893 | |||
| Interest Payable | 533 | |||
| Interest Receivable | 16,815 | |||
| Pre-Tax Profit | -6,329,611 | |||
| Tax | ||||
| Profit After Tax | -6,329,611 | |||
| Dividends Paid | ||||
| Retained Profit | -6,329,611 | |||
| Employee Costs | 2,814,821 | |||
| Number Of Employees | 68 | 29 | 8 | 2 |
| EBITDA* | -6,285,517 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|
| Tangible Assets | 94,951 | 36,204 | 5,929 | |
| Intangible Assets | 55,360 | 73,929 | 12,993 | 32,841 |
| Investments & Other | 1 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 150,312 | 110,134 | 18,923 | 32,842 |
| Stock & work in progress | 106,672 | |||
| Trade Debtors | 4,859,601 | 4,576,500 | 727,175 | |
| Group Debtors | ||||
| Misc Debtors | 10,777,349 | 1,218,494 | 355,109 | 6,602 |
| Cash | 3,669,896 | 1,258,259 | 93,368 | 6,119 |
| misc current assets | ||||
| total current assets | 19,413,518 | 7,053,253 | 1,175,652 | 12,721 |
| total assets | 19,563,830 | 7,163,387 | 1,194,575 | 45,563 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 3,041,326 | 556,649 | 190,468 | 34,798 |
| Group/Directors Accounts | 2,012,787 | 3,733,989 | 343,731 | |
| other short term finances | 30,000 | |||
| hp & lease commitments | ||||
| other current liabilities | 24,473,743 | 6,507,164 | 1,380,050 | |
| total current liabilities | 29,527,856 | 10,797,802 | 1,914,249 | 64,798 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 29,527,856 | 10,797,802 | 1,914,249 | 64,798 |
| net assets | -9,964,026 | -3,634,415 | -719,674 | -19,235 |
| total shareholders funds | -9,964,026 | -3,634,415 | -719,674 | -19,235 |
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -6,345,893 | |||
| Depreciation | 24,807 | 8,729 | 915 | |
| Amortisation | 35,569 | 3,028 | ||
| Tax | ||||
| Stock | 106,672 | |||
| Debtors | 9,841,956 | 4,712,710 | 1,075,682 | 6,602 |
| Creditors | 2,484,677 | 366,181 | 155,670 | 34,798 |
| Accruals and Deferred Income | 17,966,579 | 5,127,114 | 1,380,050 | |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | 4,217,111 | |||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 1 | |||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | -1,721,202 | 3,390,258 | 343,731 | |
| Other Short Term Loans | -30,000 | 30,000 | ||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | 16,282 | |||
| cash flow from financing | -1,704,920 | |||
| cash and cash equivalents | ||||
| cash | 2,411,637 | 1,164,891 | 87,249 | 6,119 |
| overdraft | ||||
| change in cash | 2,411,637 | 1,164,891 | 87,249 | 6,119 |
igloo energy supply limited Credit Report and Business Information
Igloo Energy Supply Limited Competitor Analysis
Perform a competitor analysis for igloo energy supply limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other large companies, companies in BN1 area or any other competitors across 12 key performance metrics.
igloo energy supply limited Ownership
IGLOO ENERGY SUPPLY LIMITED group structure
Igloo Energy Supply Limited has no subsidiary companies.
igloo energy supply limited directors
Igloo Energy Supply Limited currently has 2 directors. The longest serving directors include Mr Matthew Clemow (Dec 2016) and Mr Henry Brown (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Clemow | United Kingdom | 43 years | Dec 2016 | - | Director |
| Mr Henry Brown | United Kingdom | 50 years | Mar 2017 | - | Director |
P&L
March 2020turnover
70m
0%
operating profit
-6.3m
0%
gross margin
9.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
-10m
+1.74%
total assets
19.6m
+1.73%
cash
3.7m
+1.92%
net assets
Total assets minus all liabilities
Similar Companies
igloo energy supply limited company details
company number
09812716
Type
Private limited with Share Capital
industry
35140 - Trade of electricity
incorporation date
October 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2020
previous names
pioneer energy limited (December 2016)
accountant
-
auditor
BDO LLP
address
suite 3 regency house, 91 western road, brighton, BN1 2NW
Bank
-
Legal Advisor
-
igloo energy supply 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 found 3 charges/mortgages relating to igloo energy supply limited. Currently there are 1 open charges and 2 have been satisfied in the past.
igloo energy supply 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.
Click to start generating capital raising & share issue transactions for IGLOO ENERGY SUPPLY LIMITED. This can take several minutes, an email will notify you when this has completed.
igloo energy supply limited Companies House Filings - See Documents
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