white bay electronics ltd
white bay electronics ltd Company Information
Company Number
10201947
Next Accounts
Apr 2025
Directors
Shareholders
giovanna benedetta russo
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
coopers house, 65a wingletye lane, hornchurch, essex, RM11 3AT
Website
whitebayltd.co.ukwhite bay electronics ltd Estimated Valuation
Pomanda estimates the enterprise value of WHITE BAY ELECTRONICS LTD at £45.7k based on a Turnover of £84.4k and 0.54x industry multiple (adjusted for size and gross margin).
white bay electronics ltd Estimated Valuation
Pomanda estimates the enterprise value of WHITE BAY ELECTRONICS LTD at £0 based on an EBITDA of £-575.2k and a 3.96x industry multiple (adjusted for size and gross margin).
white bay electronics ltd Estimated Valuation
Pomanda estimates the enterprise value of WHITE BAY ELECTRONICS LTD at £0 based on Net Assets of £-416.4k and 2.13x industry multiple (adjusted for liquidity).
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White Bay Electronics Ltd Overview
White Bay Electronics Ltd is a dissolved company that was located in hornchurch, RM11 3AT with a Companies House number of 10201947. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2016, it's largest shareholder was giovanna benedetta russo with a 100% stake. The last turnover for White Bay Electronics Ltd was estimated at £84.4k.
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White Bay Electronics Ltd Health Check
Pomanda's financial health check has awarded White Bay Electronics Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £84.4k, make it smaller than the average company (£3.1m)
- White Bay Electronics Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -66%, show it is growing at a slower rate (3%)
- White Bay Electronics Ltd
3% - Industry AVG
Production
with a gross margin of 37.2%, this company has a comparable cost of product (37.2%)
- White Bay Electronics Ltd
37.2% - Industry AVG
Profitability
an operating margin of -681.4% make it less profitable than the average company (5%)
- White Bay Electronics Ltd
5% - Industry AVG
Employees
with 1 employees, this is below the industry average (24)
1 - White Bay Electronics Ltd
24 - Industry AVG
Pay Structure
on an average salary of £46.4k, the company has an equivalent pay structure (£46.4k)
- White Bay Electronics Ltd
£46.4k - Industry AVG
Efficiency
resulting in sales per employee of £84.4k, this is less efficient (£145.8k)
- White Bay Electronics Ltd
£145.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- White Bay Electronics Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (32 days)
- White Bay Electronics Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- White Bay Electronics Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (23 weeks)
2 weeks - White Bay Electronics Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 381.3%, this is a higher level of debt than the average (65.6%)
381.3% - White Bay Electronics Ltd
65.6% - Industry AVG
WHITE BAY ELECTRONICS LTD financials
White Bay Electronics Ltd's latest turnover from December 2020 is estimated at £84.4 thousand and the company has net assets of -£416.4 thousand. According to their latest financial statements, White Bay Electronics Ltd has 1 employee and maintains cash reserves of £25.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 1 | 2 | 3 | 3 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 25,739 | 79,801 | 74,074 | 2,879 | ||
| Intangible Assets | ||||||
| Investments & Other | 1,310,650 | 1,305,390 | ||||
| Debtors (Due After 1 year) | 257 | |||||
| Total Fixed Assets | 25,996 | 79,801 | 1,384,724 | 1,308,269 | ||
| Stock & work in progress | 679,269 | 386,686 | 693,833 | 472,067 | ||
| Trade Debtors | 763,893 | 699,681 | 496,782 | 560,512 | ||
| Group Debtors | ||||||
| Misc Debtors | 122,693 | 388,099 | 350,428 | 647,896 | 355,426 | |
| Cash | 25,306 | 872,591 | 155,180 | 368,997 | 496,733 | 100 |
| misc current assets | ||||||
| total current assets | 147,999 | 2,703,852 | 1,591,975 | 2,207,508 | 1,884,738 | 100 |
| total assets | 147,999 | 2,729,848 | 1,671,776 | 3,592,232 | 3,193,007 | 100 |
| Bank overdraft | 1,311,640 | 1,292,971 | ||||
| Bank loan | ||||||
| Trade Creditors | 2,536 | 836,994 | 22,925 | 78,712 | 34,137 | |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 561,816 | 1,734,494 | 476,224 | 424,150 | 1,746,534 | |
| total current liabilities | 564,352 | 2,571,488 | 499,149 | 1,814,502 | 3,073,642 | |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 1,343,678 | 1,780,184 | ||||
| provisions | ||||||
| total long term liabilities | 1,343,678 | 1,780,184 | ||||
| total liabilities | 564,352 | 2,571,488 | 1,842,827 | 3,594,686 | 3,073,642 | |
| net assets | -416,353 | 158,360 | -171,051 | -2,454 | 119,365 | 100 |
| total shareholders funds | -416,353 | 158,360 | -171,051 | -2,454 | 119,365 | 100 |
| Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 11,205 | 9,912 | 100 | |||
| Amortisation | ||||||
| Tax | ||||||
| Stock | -679,269 | 292,583 | -85,381 | 221,766 | 472,067 | |
| Debtors | -1,029,556 | 102,140 | 134,171 | 228,740 | 915,938 | |
| Creditors | -834,458 | 814,069 | -11,212 | 44,575 | 34,137 | |
| Accruals and Deferred Income | -1,172,678 | 1,258,270 | -1,270,310 | -1,322,384 | 1,746,534 | |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -1,305,390 | 5,260 | 1,305,390 | |||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -1,343,678 | 1,343,678 | 1,780,184 | |||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -847,285 | 717,411 | -341,553 | -127,736 | 496,633 | 100 |
| overdraft | -1,292,971 | 18,669 | 1,292,971 | |||
| change in cash | -847,285 | 717,411 | 951,418 | -146,405 | -796,338 | 100 |
white bay electronics ltd Credit Report and Business Information
White Bay Electronics Ltd Competitor Analysis
Perform a competitor analysis for white bay electronics ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in RM11 area or any other competitors across 12 key performance metrics.
white bay electronics ltd Ownership
WHITE BAY ELECTRONICS LTD group structure
White Bay Electronics Ltd has no subsidiary companies.
Ultimate parent company
WHITE BAY ELECTRONICS LTD
10201947
white bay electronics ltd directors
White Bay Electronics Ltd currently has 1 director, Mrs Giovanna Russo serving since Mar 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Giovanna Russo | England | 55 years | Mar 2021 | - | Director |
P&L
December 2020turnover
84.4k
-98%
operating profit
-575.2k
0%
gross margin
37.3%
-1.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-416.4k
-3.63%
total assets
148k
-0.95%
cash
25.3k
-0.97%
net assets
Total assets minus all liabilities
white bay electronics ltd company details
company number
10201947
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2020
previous names
N/A
accountant
HAINES WATTS ESSEX LLP
auditor
-
address
coopers house, 65a wingletye lane, hornchurch, essex, RM11 3AT
Bank
-
Legal Advisor
-
white bay electronics 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 white bay electronics ltd.
white bay electronics 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.
Click to start generating capital raising & share issue transactions for WHITE BAY ELECTRONICS LTD. This can take several minutes, an email will notify you when this has completed.
white bay electronics ltd Companies House Filings - See Documents
| date | description | view/download |
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