lower ninestones solar pv ltd

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lower ninestones solar pv ltd Company Information

Share LOWER NINESTONES SOLAR PV LTD

Company Number

09862731

Shareholders

clean earth ground mount pv ltd

Group Structure

View All

Industry

Production of electricity

 

Registered Address

unit 2a & 2b bess park road, trenant industrial estate, wadebridge, cornwall, PL27 6HB

lower ninestones solar pv ltd Estimated Valuation

£671.4k

Pomanda estimates the enterprise value of LOWER NINESTONES SOLAR PV LTD at £671.4k based on a Turnover of £461.4k and 1.46x industry multiple (adjusted for size and gross margin).

lower ninestones solar pv ltd Estimated Valuation

£520.2k

Pomanda estimates the enterprise value of LOWER NINESTONES SOLAR PV LTD at £520.2k based on an EBITDA of £125.9k and a 4.13x industry multiple (adjusted for size and gross margin).

lower ninestones solar pv ltd Estimated Valuation

£594.1k

Pomanda estimates the enterprise value of LOWER NINESTONES SOLAR PV LTD at £594.1k based on Net Assets of £226.1k and 2.63x industry multiple (adjusted for liquidity).

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Lower Ninestones Solar Pv Ltd Overview

Lower Ninestones Solar Pv Ltd is a live company located in wadebridge, PL27 6HB with a Companies House number of 09862731. It operates in the production of electricity sector, SIC Code 35110. Founded in November 2015, it's largest shareholder is clean earth ground mount pv ltd with a 100% stake. Lower Ninestones Solar Pv Ltd is a established, micro sized company, Pomanda has estimated its turnover at £461.4k with rapid growth in recent years.

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Lower Ninestones Solar Pv Ltd Health Check

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

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £461.4k, make it smaller than the average company (£1.7m)

£461.4k - Lower Ninestones Solar Pv Ltd

£1.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (9.2%)

51% - Lower Ninestones Solar Pv Ltd

9.2% - Industry AVG

production

Production

with a gross margin of 48.3%, this company has a higher cost of product (69.6%)

48.3% - Lower Ninestones Solar Pv Ltd

69.6% - Industry AVG

profitability

Profitability

an operating margin of 27.3% make it less profitable than the average company (50.1%)

27.3% - Lower Ninestones Solar Pv Ltd

50.1% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (2)

1 - Lower Ninestones Solar Pv Ltd

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £72.4k, the company has an equivalent pay structure (£72.4k)

£72.4k - Lower Ninestones Solar Pv Ltd

£72.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £461.4k, this is equally as efficient (£450.3k)

£461.4k - Lower Ninestones Solar Pv Ltd

£450.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is later than average (14 days)

47 days - Lower Ninestones Solar Pv Ltd

14 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 99 days, this is slower than average (21 days)

99 days - Lower Ninestones Solar Pv Ltd

21 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Lower Ninestones Solar Pv Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Lower Ninestones Solar Pv Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 73.6%, this is a lower level of debt than the average (89.6%)

73.6% - Lower Ninestones Solar Pv Ltd

89.6% - Industry AVG

LOWER NINESTONES SOLAR PV LTD financials

EXPORTms excel logo

Lower Ninestones Solar Pv Ltd's latest turnover from November 2023 is estimated at £461.4 thousand and the company has net assets of £226.1 thousand. According to their latest financial statements, we estimate that Lower Ninestones Solar Pv Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016
Turnover461,394176,331157,250133,605330,675887,25810
Other Income Or Grants
Cost Of Sales238,577101,04497,87581,673191,490547,6987
Gross Profit222,81875,28759,37551,932139,184339,5603
Admin Expenses96,942-10,44423,34940,24988,207357,2941
Operating Profit125,87685,73136,02611,68350,977-17,7342
Interest Payable
Interest Receivable
Pre-Tax Profit125,87685,73136,02611,68350,977-17,7342
Tax-31,469-16,289-6,845-2,220-9,686
Profit After Tax94,40769,44229,1819,46341,291-17,7342
Dividends Paid
Retained Profit94,40769,44229,1819,46341,291-17,7342
Employee Costs72,41065,96965,15361,17659,900120,84061,598
Number Of Employees1111121
EBITDA*125,87685,73136,02611,68350,977-17,7342

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016
Tangible Assets787,707840,336892,965945,594998,2241,050,853
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets787,707840,336892,965945,594998,2241,050,853
Stock & work in progress
Trade Debtors60,21321,15718,80116,74479,411214,3722
Group Debtors
Misc Debtors9,1476,1447,3096,9824,143
Cash
misc current assets926
total current assets69,36027,30126,11023,72683,554215,2982
total assets857,067867,637919,075969,3201,081,7781,266,1512
Bank overdraft
Bank loan
Trade Creditors 65,04747,17358,06248,14476,611225,346
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities65,04747,17358,06248,14476,611225,346
loans
hp & lease commitments
Accruals and Deferred Income11,0578,9087,8993,2435,697
other liabilities554,911679,911790,911884,911975,9111,051,631
provisions6,906
total long term liabilities565,968688,819798,810888,154981,6081,058,537
total liabilities631,015735,992856,872936,2981,058,2191,283,883
net assets226,052131,64562,20333,02223,559-17,7322
total shareholders funds226,052131,64562,20333,02223,559-17,7322
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016
Operating Activities
Operating Profit125,87685,73136,02611,68350,977-17,7342
Depreciation
Amortisation
Tax-31,469-16,289-6,845-2,220-9,686
Stock
Debtors42,0591,1912,384-59,828-130,818214,3702
Creditors17,874-10,8899,918-28,467-148,735225,346
Accruals and Deferred Income2,1491,0094,656-2,4545,697
Deferred Taxes & Provisions-6,9066,906
Cash flow from operations72,37158,37141,37138,37022,165148
Investing Activities
capital expenditure52,62952,62952,62952,63052,629-1,050,853
Change in Investments
cash flow from investments52,62952,62952,62952,63052,629-1,050,853
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-125,000-111,000-94,000-91,000-75,7201,051,631
share issue
interest
cash flow from financing-125,000-111,000-94,000-91,000-75,7201,051,631
cash and cash equivalents
cash
overdraft
change in cash

lower ninestones solar pv ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lower Ninestones Solar Pv Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for lower ninestones solar pv ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other micro companies, companies in PL27 area or any other competitors across 12 key performance metrics.

lower ninestones solar pv ltd Ownership

LOWER NINESTONES SOLAR PV LTD group structure

Lower Ninestones Solar Pv Ltd has no subsidiary companies.

Ultimate parent company

2 parents

LOWER NINESTONES SOLAR PV LTD

09862731

LOWER NINESTONES SOLAR PV LTD Shareholders

clean earth ground mount pv ltd 100%

lower ninestones solar pv ltd directors

Lower Ninestones Solar Pv Ltd currently has 2 directors. The longest serving directors include Mr Sean Notley (Nov 2015) and Mr Dean Robson (Nov 2015).

officercountryagestartendrole
Mr Sean NotleyEngland61 years Nov 2015- Director
Mr Dean RobsonEngland60 years Nov 2015- Director

P&L

November 2023

turnover

461.4k

+162%

operating profit

125.9k

0%

gross margin

48.3%

+13.11%

turnover

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

Balance Sheet

November 2023

net assets

226.1k

+0.72%

total assets

857.1k

-0.01%

cash

0

0%

net assets

Total assets minus all liabilities

lower ninestones solar pv ltd company details

company number

09862731

Type

Private limited with Share Capital

industry

35110 - Production of electricity

incorporation date

November 2015

age

10

incorporated

UK

accounts

Micro-Entity Accounts

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

unit 2a & 2b bess park road, trenant industrial estate, wadebridge, cornwall, PL27 6HB

Bank

-

Legal Advisor

-

lower ninestones solar pv 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 lower ninestones solar pv ltd.

lower ninestones solar pv ltd 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 ninestones solar pv ltd Companies House Filings - See Documents

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