res energy services limited
res energy services limited Company Information
Company Number
10192806
Website
www.ingeteam.comRegistered Address
beaufort court egg farm lane, kings langley, hertfordshire, WD4 8LR
Industry
Repair of other equipment
Repair of electrical equipment
Telephone
02075664000
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
ingeteam o&m services s.l.u. 100%
res energy services limited Estimated Valuation
Pomanda estimates the enterprise value of RES ENERGY SERVICES LIMITED at £17m based on a Turnover of £17.2m and 0.99x industry multiple (adjusted for size and gross margin).
res energy services limited Estimated Valuation
Pomanda estimates the enterprise value of RES ENERGY SERVICES LIMITED at £5.4m based on an EBITDA of £581.9k and a 9.23x industry multiple (adjusted for size and gross margin).
res energy services limited Estimated Valuation
Pomanda estimates the enterprise value of RES ENERGY SERVICES LIMITED at £6.9m based on Net Assets of £2m and 3.48x industry multiple (adjusted for liquidity).
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Res Energy Services Limited Overview
Res Energy Services Limited is a live company located in hertfordshire, WD4 8LR with a Companies House number of 10192806. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in May 2016, it's largest shareholder is ingeteam o&m services s.l.u. with a 100% stake. Res Energy Services Limited is a young, mid sized company, Pomanda has estimated its turnover at £17.2m with rapid growth in recent years.
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Res Energy Services Limited Health Check
Pomanda's financial health check has awarded Res Energy Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £17.2m, make it larger than the average company (£3.9m)
£17.2m - Res Energy Services Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (5.1%)
- Res Energy Services Limited
5.1% - Industry AVG
Production
with a gross margin of 44.7%, this company has a lower cost of product (37.1%)
44.7% - Res Energy Services Limited
37.1% - Industry AVG
Profitability
an operating margin of 3.3% make it less profitable than the average company (7.3%)
3.3% - Res Energy Services Limited
7.3% - Industry AVG
Employees
with 105 employees, this is above the industry average (18)
105 - Res Energy Services Limited
18 - Industry AVG
Pay Structure
on an average salary of £43.9k, the company has an equivalent pay structure (£45k)
£43.9k - Res Energy Services Limited
£45k - Industry AVG
Efficiency
resulting in sales per employee of £163.5k, this is equally as efficient (£145.9k)
£163.5k - Res Energy Services Limited
£145.9k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (55 days)
39 days - Res Energy Services Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (30 days)
9 days - Res Energy Services Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is more than average (33 days)
43 days - Res Energy Services Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (17 weeks)
23 weeks - Res Energy Services Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.6%, this is a similar level of debt than the average (52.9%)
53.6% - Res Energy Services Limited
52.9% - Industry AVG
RES ENERGY SERVICES LIMITED financials
Res Energy Services Limited's latest turnover from December 2023 is £17.2 million and the company has net assets of £2 million. According to their latest financial statements, Res Energy Services Limited has 105 employees and maintains cash reserves of £795.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 17,166,252 | 10,965,912 | 10,372,443 | 2,939,346 | 1,481,506 | 583,174 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 9,486,504 | 4,248,348 | 4,362,980 | 1,757,809 | 895,266 | 356,891 | ||
| Gross Profit | 7,679,748 | 6,717,564 | 6,009,463 | 1,181,537 | 586,240 | 226,283 | ||
| Admin Expenses | 7,116,849 | 6,025,968 | 4,970,814 | 1,786,976 | 493,982 | 148,452 | ||
| Operating Profit | 562,899 | 691,596 | 1,038,649 | -605,439 | 92,258 | 77,831 | ||
| Interest Payable | 0 | 0 | 0 | 653 | 2,733 | 231 | ||
| Interest Receivable | 0 | 0 | 0 | 175 | 21 | 0 | ||
| Pre-Tax Profit | 562,899 | 691,596 | 1,038,649 | -505,917 | 89,546 | 77,600 | ||
| Tax | -133,630 | -131,913 | -213,504 | 17,943 | -14,987 | -15,520 | ||
| Profit After Tax | 429,269 | 559,683 | 825,145 | -487,974 | 74,559 | 62,080 | ||
| Dividends Paid | 500,000 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -70,731 | 559,683 | 825,145 | -487,974 | 74,559 | 62,080 | ||
| Employee Costs | 4,609,977 | 4,007,779 | 3,336,828 | |||||
| Number Of Employees | 105 | 101 | 85 | 68 | 33 | 21 | 8 | |
| EBITDA* | 581,898 | 726,841 | 1,077,123 | -581,628 | 97,091 | 77,831 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,107 | 52,084 | 73,860 | 106,542 | 70,593 | 93,787 | 110,886 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,402 | 1,402 | 600 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 35,509 | 53,486 | 74,460 | 106,542 | 70,593 | 93,787 | 110,886 | 0 |
| Stock & work in progress | 1,125,146 | 872,621 | 609,898 | 489,609 | 373,765 | 425,066 | 223,649 | 0 |
| Trade Debtors | 1,839,389 | 2,059,916 | 2,917,836 | 1,412,975 | 939,287 | 380,489 | 986,135 | 41,858 |
| Group Debtors | 9,997 | 0 | 17,881 | 14,465 | 9,351 | 25,851 | 8,386 | 516,591 |
| Misc Debtors | 467,271 | 4,377,846 | 541,730 | 267,910 | 279,391 | 271,166 | 241,214 | 35,555 |
| Cash | 795,549 | 195,712 | 155,096 | 99,300 | 207,961 | 174,020 | 21,259 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,237,352 | 7,506,095 | 4,242,441 | 2,284,259 | 1,809,755 | 1,276,592 | 1,480,643 | 594,004 |
| total assets | 4,272,861 | 7,559,581 | 4,316,901 | 2,390,801 | 1,880,348 | 1,370,379 | 1,591,529 | 594,004 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 242,413 | 210,248 | 168,729 | 189,064 | 183,798 | 78,809 | 65,838 | 0 |
| Group/Directors Accounts | 415,751 | 849,175 | 1,127,613 | 839,564 | 1,106,907 | 910,153 | 1,052,079 | 508,166 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,130,462 | 4,101,449 | 1,402,750 | 694,959 | 252,949 | 146,980 | 233,258 | 23,757 |
| total current liabilities | 1,788,626 | 5,160,872 | 2,699,092 | 1,723,587 | 1,543,654 | 1,135,942 | 1,351,175 | 531,923 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 502,924 | 346,667 | 125,450 | 0 | 0 | 0 | 17,943 | 0 |
| total long term liabilities | 502,924 | 346,667 | 125,450 | 0 | 0 | 0 | 17,943 | 0 |
| total liabilities | 2,291,550 | 5,507,539 | 2,824,542 | 1,723,587 | 1,543,654 | 1,135,942 | 1,369,118 | 531,923 |
| net assets | 1,981,311 | 2,052,042 | 1,492,359 | 667,214 | 336,694 | 234,437 | 222,411 | 62,081 |
| total shareholders funds | 1,981,311 | 2,052,042 | 1,492,359 | 667,214 | 336,694 | 234,437 | 222,411 | 62,081 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 562,899 | 691,596 | 1,038,649 | -605,439 | 92,258 | 77,831 | ||
| Depreciation | 18,999 | 35,245 | 38,474 | 31,763 | 24,762 | 23,811 | 4,833 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -133,630 | -131,913 | -213,504 | 17,943 | -14,987 | -15,520 | ||
| Stock | 252,525 | 262,723 | 120,289 | 115,844 | -51,301 | 201,417 | 223,649 | 0 |
| Debtors | -4,121,105 | 2,961,117 | 1,782,697 | 467,321 | 550,523 | -558,229 | 641,731 | 594,004 |
| Creditors | 32,165 | 41,519 | -20,335 | 5,266 | 104,989 | 12,971 | 65,838 | 0 |
| Accruals and Deferred Income | -2,970,987 | 2,698,699 | 707,791 | 442,010 | 105,969 | -86,278 | 209,501 | 23,757 |
| Deferred Taxes & Provisions | 156,257 | 221,217 | 125,450 | 0 | 0 | -17,943 | 17,943 | 0 |
| Cash flow from operations | 1,534,283 | 332,523 | -226,461 | -298,123 | -489,994 | -507,936 | ||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -433,424 | -278,438 | 288,049 | -267,343 | 196,754 | -141,926 | 543,913 | 508,166 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 0 | -478 | -2,712 | -231 | ||
| cash flow from financing | -433,424 | -278,438 | 288,049 | 357,596 | 626,972 | 507,936 | ||
| cash and cash equivalents | ||||||||
| cash | 599,837 | 40,616 | 55,796 | -108,661 | 33,941 | 152,761 | 21,259 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 599,837 | 40,616 | 55,796 | -108,661 | 33,941 | 152,761 | 21,259 | 0 |
res energy services limited Credit Report and Business Information
Res Energy Services Limited Competitor Analysis
Perform a competitor analysis for res energy services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
res energy services limited Ownership
RES ENERGY SERVICES LIMITED group structure
Res Energy Services Limited has no subsidiary companies.
Ultimate parent company
INGETEAM O&M SERVICES SLU
#0164807
1 parent
RES ENERGY SERVICES LIMITED
10192806
res energy services limited directors
Res Energy Services Limited currently has 4 directors. The longest serving directors include Mr Emilio Alacuart (Jul 2022) and Mr Ian Hunter (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Emilio Alacuart | United Kingdom | 54 years | Jul 2022 | - | Director |
| Mr Ian Hunter | United Kingdom | 40 years | Mar 2024 | - | Director |
| Mr Alessandro Ceresa | United Kingdom | 47 years | Mar 2024 | - | Director |
| Mr Henrik Brandt | United Kingdom | 43 years | May 2024 | - | Director |
P&L
December 2023turnover
17.2m
+57%
operating profit
562.9k
-19%
gross margin
44.8%
-26.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2m
-0.03%
total assets
4.3m
-0.43%
cash
795.5k
+3.06%
net assets
Total assets minus all liabilities
Similar Companies
res energy services limited company details
company number
10192806
Type
Private limited with Share Capital
industry
33190 - Repair of other equipment
33140 - Repair of electrical equipment
incorporation date
May 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
ingeteam uk limited (May 2024)
incorporated
UK
address
beaufort court egg farm lane, kings langley, hertfordshire, WD4 8LR
last accounts submitted
December 2023
res energy services 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 res energy services limited.
res energy services limited Companies House Filings - See Documents
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