rec electrical solutions ltd
rec electrical solutions ltd Company Information
Group Structure
View All
Industry
Electrical installation
Registered Address
68 bracken close, springhead, oldham, OL4 4PB
Website
-rec electrical solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of REC ELECTRICAL SOLUTIONS LTD at £46.9k based on a Turnover of £147.7k and 0.32x industry multiple (adjusted for size and gross margin).
rec electrical solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of REC ELECTRICAL SOLUTIONS LTD at £31.2k based on an EBITDA of £9.3k and a 3.37x industry multiple (adjusted for size and gross margin).
rec electrical solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of REC ELECTRICAL SOLUTIONS LTD at £99.8k based on Net Assets of £40.8k and 2.45x industry multiple (adjusted for liquidity).
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Rec Electrical Solutions Ltd Overview
Rec Electrical Solutions Ltd is a live company located in oldham, OL4 4PB with a Companies House number of 10227779. It operates in the electrical installation sector, SIC Code 43210. Founded in June 2016, it's largest shareholder is liam coates with a 100% stake. Rec Electrical Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £147.7k with high growth in recent years.
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Rec Electrical Solutions Ltd Health Check
Pomanda's financial health check has awarded Rec Electrical Solutions Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £147.7k, make it smaller than the average company (£1.6m)
- Rec Electrical Solutions Ltd
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.3%)
- Rec Electrical Solutions Ltd
7.3% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (26.5%)
- Rec Electrical Solutions Ltd
26.5% - Industry AVG
Profitability
an operating margin of 6.3% make it as profitable than the average company (6.6%)
- Rec Electrical Solutions Ltd
6.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (15)
1 - Rec Electrical Solutions Ltd
15 - Industry AVG
Pay Structure
on an average salary of £42.7k, the company has an equivalent pay structure (£42.7k)
- Rec Electrical Solutions Ltd
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £147.7k, this is equally as efficient (£139.7k)
- Rec Electrical Solutions Ltd
£139.7k - Industry AVG
Debtor Days
it gets paid by customers after 145 days, this is later than average (57 days)
- Rec Electrical Solutions Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (42 days)
- Rec Electrical Solutions Ltd
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rec Electrical Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rec Electrical Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.3%, this is a lower level of debt than the average (60.1%)
32.3% - Rec Electrical Solutions Ltd
60.1% - Industry AVG
REC ELECTRICAL SOLUTIONS LTD financials
Rec Electrical Solutions Ltd's latest turnover from June 2023 is estimated at £147.7 thousand and the company has net assets of £40.8 thousand. According to their latest financial statements, Rec Electrical Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,490 | 1,863 | 2,329 | 1,337 | 1,574 | 810 | |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 1,490 | 1,863 | 2,329 | 1,337 | 1,574 | 810 | |
| Stock & work in progress | |||||||
| Trade Debtors | 58,745 | 56,097 | 62,598 | 28,368 | 23,374 | 60,293 | 55,794 |
| Group Debtors | |||||||
| Misc Debtors | 389 | ||||||
| Cash | |||||||
| misc current assets | |||||||
| total current assets | 58,745 | 56,097 | 62,598 | 28,368 | 23,763 | 60,293 | 55,794 |
| total assets | 60,235 | 57,960 | 64,927 | 29,705 | 25,337 | 61,103 | 55,794 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 18,547 | 22,224 | 6,869 | 4,936 | 21,588 | 24,236 | |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | |||||||
| total current liabilities | 18,547 | 22,224 | 6,869 | 4,936 | 21,588 | 24,236 | |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 935 | 1,935 | 1,935 | 1,530 | 700 | 780 | 600 |
| other liabilities | 14,817 | ||||||
| provisions | |||||||
| total long term liabilities | 935 | 1,935 | 16,752 | 1,530 | 700 | 780 | 600 |
| total liabilities | 19,482 | 24,159 | 16,752 | 8,399 | 5,636 | 22,368 | 24,836 |
| net assets | 40,753 | 33,801 | 48,175 | 21,306 | 19,701 | 38,735 | 30,958 |
| total shareholders funds | 40,753 | 33,801 | 48,175 | 21,306 | 19,701 | 38,735 | 30,958 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 2,648 | -6,501 | 34,230 | 4,605 | -36,530 | 4,499 | 55,794 |
| Creditors | -3,677 | 22,224 | -6,869 | 1,933 | -16,652 | -2,648 | 24,236 |
| Accruals and Deferred Income | -1,000 | 405 | 830 | -80 | 180 | 600 | |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| 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 | -14,817 | 14,817 | |||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | |||||||
| overdraft | |||||||
| change in cash |
rec electrical solutions ltd Credit Report and Business Information
Rec Electrical Solutions Ltd Competitor Analysis
Perform a competitor analysis for rec electrical solutions ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in OL4 area or any other competitors across 12 key performance metrics.
rec electrical solutions ltd Ownership
REC ELECTRICAL SOLUTIONS LTD group structure
Rec Electrical Solutions Ltd has no subsidiary companies.
Ultimate parent company
REC ELECTRICAL SOLUTIONS LTD
10227779
rec electrical solutions ltd directors
Rec Electrical Solutions Ltd currently has 1 director, Mr Liam Coates serving since Jun 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Liam Coates | England | 40 years | Jun 2016 | - | Director |
P&L
June 2023turnover
147.7k
+3%
operating profit
9.3k
0%
gross margin
17%
-0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
40.8k
+0.21%
total assets
60.2k
+0.04%
cash
0
0%
net assets
Total assets minus all liabilities
rec electrical solutions ltd company details
company number
10227779
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
TAYLOR WHITTAKERS ACC LTD
auditor
-
address
68 bracken close, springhead, oldham, OL4 4PB
Bank
-
Legal Advisor
-
rec electrical solutions 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 rec electrical solutions ltd.
rec electrical solutions 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 REC ELECTRICAL SOLUTIONS LTD. This can take several minutes, an email will notify you when this has completed.
rec electrical solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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