simec power 1 limited
simec power 1 limited Company Information
Company Number
10036423
Next Accounts
1858 days late
Directors
Shareholders
simec energy holdings 1 ltd
Group Structure
View All
Industry
Trade of electricity
+1Registered Address
birdport corporation road, newport, south wales, NP19 4RE
Website
simecatlantis.comsimec power 1 limited Estimated Valuation
Pomanda estimates the enterprise value of SIMEC POWER 1 LIMITED at £5.8m based on a Turnover of £3.9m and 1.46x industry multiple (adjusted for size and gross margin).
simec power 1 limited Estimated Valuation
Pomanda estimates the enterprise value of SIMEC POWER 1 LIMITED at £22.4m based on an EBITDA of £5.2m and a 4.34x industry multiple (adjusted for size and gross margin).
simec power 1 limited Estimated Valuation
Pomanda estimates the enterprise value of SIMEC POWER 1 LIMITED at £0 based on Net Assets of £-3.5m and 2.67x industry multiple (adjusted for liquidity).
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Simec Power 1 Limited Overview
Simec Power 1 Limited is a live company located in newport, south wales, NP19 4RE with a Companies House number of 10036423. It operates in the production of electricity sector, SIC Code 35110. Founded in March 2016, it's largest shareholder is simec energy holdings 1 ltd with a 100% stake. Simec Power 1 Limited is a young, small sized company, Pomanda has estimated its turnover at £3.9m with unknown growth in recent years.
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Simec Power 1 Limited Health Check
Pomanda's financial health check has awarded Simec Power 1 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£5.2m)
- Simec Power 1 Limited
£5.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Simec Power 1 Limited
- - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (33.7%)
- Simec Power 1 Limited
33.7% - Industry AVG
Profitability
an operating margin of 130.9% make it more profitable than the average company (16.9%)
- Simec Power 1 Limited
16.9% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (15)
- Simec Power 1 Limited
15 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£46.2k)
- Simec Power 1 Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £328.4k, this is less efficient (£406.2k)
- Simec Power 1 Limited
£406.2k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (32 days)
- Simec Power 1 Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (22 days)
- Simec Power 1 Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Simec Power 1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Simec Power 1 Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.4%, this is a similar level of debt than the average (96.8%)
101.4% - Simec Power 1 Limited
96.8% - Industry AVG
SIMEC POWER 1 LIMITED financials
Simec Power 1 Limited's latest turnover from May 2018 is estimated at £3.9 million and the company has net assets of -£3.5 million. According to their latest financial statements, we estimate that Simec Power 1 Limited has 12 employees and maintains cash reserves of £17.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2018 | May 2017 | Nov 2016 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | -1,254,132 | -5,500 | |
| Interest Payable | 198,633 | 7,007 | |
| Interest Receivable | |||
| Pre-Tax Profit | -1,452,765 | -12,507 | |
| Tax | -292,045 | -76,489 | |
| Profit After Tax | -1,744,810 | -88,996 | |
| Dividends Paid | |||
| Retained Profit | -1,744,810 | -88,996 | |
| Employee Costs | |||
| Number Of Employees | 3 | ||
| EBITDA* | -1,254,132 | -5,500 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2018 | May 2017 | Nov 2016 | |
|---|---|---|---|
| Tangible Assets | 28,485,394 | 16,516,750 | 2,018,330 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 28,485,394 | 16,516,750 | 2,018,330 |
| Stock & work in progress | |||
| Trade Debtors | 255,956 | ||
| Group Debtors | 223,433,831 | 1,811,552 | |
| Misc Debtors | 8,723,132 | 1,256,070 | 1,293,900 |
| Cash | 17,617 | 36,686 | 49,957 |
| misc current assets | |||
| total current assets | 232,430,536 | 3,104,308 | 1,343,857 |
| total assets | 260,915,930 | 19,621,058 | 3,362,187 |
| Bank overdraft | 2,098,213 | ||
| Bank loan | |||
| Trade Creditors | 720,422 | 3,507,561 | 1,395,926 |
| Group/Directors Accounts | 13,374,959 | 7,259,427 | 1,099,851 |
| other short term finances | |||
| hp & lease commitments | 3,079,341 | 164,455 | |
| other current liabilities | 5,634,717 | 7,240,000 | 5,500 |
| total current liabilities | 21,828,311 | 21,086,329 | 2,665,732 |
| loans | 208,503,443 | ||
| hp & lease commitments | 708,961 | ||
| Accruals and Deferred Income | |||
| other liabilities | 33,237,603 | ||
| provisions | 867,071 | 368,534 | 76,489 |
| total long term liabilities | 242,608,117 | 368,534 | 785,450 |
| total liabilities | 264,436,428 | 21,454,863 | 3,451,182 |
| net assets | -3,520,498 | -1,833,805 | -88,995 |
| total shareholders funds | -3,520,498 | -1,833,805 | -88,995 |
| May 2018 | May 2017 | Nov 2016 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,254,132 | -5,500 | |
| Depreciation | |||
| Amortisation | |||
| Tax | -292,045 | -76,489 | |
| Stock | |||
| Debtors | 229,345,297 | 1,773,722 | 1,293,900 |
| Creditors | -2,787,139 | 2,111,635 | 1,395,926 |
| Accruals and Deferred Income | -1,605,283 | 7,234,500 | 5,500 |
| Deferred Taxes & Provisions | 498,537 | 292,045 | 76,489 |
| Cash flow from operations | 6,318,281 | 102,026 | |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 6,115,532 | 6,159,576 | 1,099,851 |
| Other Short Term Loans | |||
| Long term loans | 208,503,443 | ||
| Hire Purchase and Lease Commitments | -3,079,341 | 2,205,925 | 873,416 |
| other long term liabilities | 33,237,603 | ||
| share issue | |||
| interest | -198,633 | -7,007 | |
| cash flow from financing | 8,166,868 | 1,966,261 | |
| cash and cash equivalents | |||
| cash | -19,069 | -13,271 | 49,957 |
| overdraft | 2,098,213 | ||
| change in cash | -2,117,282 | -13,271 | 49,957 |
simec power 1 limited Credit Report and Business Information
Simec Power 1 Limited Competitor Analysis
Perform a competitor analysis for simec power 1 limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in NP19 area or any other competitors across 12 key performance metrics.
simec power 1 limited Ownership
SIMEC POWER 1 LIMITED group structure
Simec Power 1 Limited has no subsidiary companies.
Ultimate parent company
SIMEC INVESTMENTS 32 PTE LTD
#0109072
2 parents
SIMEC POWER 1 LIMITED
10036423
simec power 1 limited directors
Simec Power 1 Limited currently has 1 director, Mr Sanjeev Gupta serving since Mar 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sanjeev Gupta | United Kingdom | 53 years | Mar 2023 | - | Director |
P&L
May 2018turnover
3.9m
0%
operating profit
5.2m
0%
gross margin
33.7%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2018net assets
-3.5m
+0.92%
total assets
260.9m
+12.3%
cash
17.6k
-0.52%
net assets
Total assets minus all liabilities
simec power 1 limited company details
company number
10036423
Type
Private limited with Share Capital
industry
35140 - Trade of electricity
35110 - Production of electricity
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
May 2018
previous names
N/A
accountant
-
auditor
-
address
birdport corporation road, newport, south wales, NP19 4RE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
simec power 1 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 did not find charges/mortgages relating to simec power 1 limited.
simec power 1 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.
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simec power 1 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
