ineco energy limited
ineco energy limited Company Information
Company Number
10477244
Website
www.inecoenergy.comRegistered Address
rural innovation centre ave h, stoneleigh park, kenilworth, warwickshire, CV8 2LG
Industry
Other business support service activities n.e.c.
Telephone
02920021777
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
the rayer group limited 33.3%
angus michael rose 33.3%
View Allineco energy limited Estimated Valuation
Pomanda estimates the enterprise value of INECO ENERGY LIMITED at £566.6k based on a Turnover of £1.4m and 0.41x industry multiple (adjusted for size and gross margin).
ineco energy limited Estimated Valuation
Pomanda estimates the enterprise value of INECO ENERGY LIMITED at £1.7m based on an EBITDA of £536.4k and a 3.22x industry multiple (adjusted for size and gross margin).
ineco energy limited Estimated Valuation
Pomanda estimates the enterprise value of INECO ENERGY LIMITED at £288.2k based on Net Assets of £552.2k and 0.52x industry multiple (adjusted for liquidity).
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Ineco Energy Limited Overview
Ineco Energy Limited is a live company located in kenilworth, CV8 2LG with a Companies House number of 10477244. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2016, it's largest shareholder is the rayer group limited with a 33.3% stake. Ineco Energy Limited is a young, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.
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Ineco Energy Limited Health Check
Pomanda's financial health check has awarded Ineco Energy Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£3.6m)
- Ineco Energy Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (4.9%)
- Ineco Energy Limited
4.9% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (37.5%)
- Ineco Energy Limited
37.5% - Industry AVG
Profitability
an operating margin of 38.1% make it more profitable than the average company (6.1%)
- Ineco Energy Limited
6.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (23)
10 - Ineco Energy Limited
23 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£47.3k)
- Ineco Energy Limited
£47.3k - Industry AVG
Efficiency
resulting in sales per employee of £138.7k, this is equally as efficient (£151.9k)
- Ineco Energy Limited
£151.9k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (40 days)
- Ineco Energy Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 221 days, this is slower than average (32 days)
- Ineco Energy Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is in line with average (33 days)
- Ineco Energy Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (25 weeks)
54 weeks - Ineco Energy Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.7%, this is a similar level of debt than the average (61.4%)
56.7% - Ineco Energy Limited
61.4% - Industry AVG
INECO ENERGY LIMITED financials
Ineco Energy Limited's latest turnover from July 2023 is estimated at £1.4 million and the company has net assets of £552.2 thousand. According to their latest financial statements, Ineco Energy Limited has 10 employees and maintains cash reserves of £735.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| 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 | 10 | 9 | 7 | 4 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 110,446 | 15,788 | 9,873 | 7,593 | 2,707 | 2,112 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 110,446 | 15,788 | 9,873 | 7,593 | 2,707 | 2,112 |
| Stock & work in progress | 92,306 | 146,403 | 73,032 | 134,054 | 0 | 13,591 |
| Trade Debtors | 337,770 | 650,154 | 438,113 | 199,027 | 342,864 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 10,674 | 8,223 | 36,927 |
| Cash | 735,116 | 311,347 | 38,326 | 1,143 | 1,757 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,165,192 | 1,107,904 | 549,471 | 344,898 | 352,844 | 50,518 |
| total assets | 1,275,638 | 1,123,692 | 559,344 | 352,491 | 355,551 | 52,630 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 5,754 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 695,844 | 983,993 | 545,442 | 1,844 | 38,559 | 8,538 |
| Group/Directors Accounts | 0 | 0 | 0 | 374,148 | 325,070 | 146,526 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 14,190 | 84,032 | 900 |
| total current liabilities | 695,844 | 983,993 | 545,442 | 390,182 | 447,661 | 161,718 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 27,611 | 3,000 | 1,876 | 0 | 0 | 0 |
| total long term liabilities | 27,611 | 3,000 | 1,876 | 0 | 0 | 0 |
| total liabilities | 723,455 | 986,993 | 547,318 | 390,182 | 447,661 | 161,718 |
| net assets | 552,183 | 136,699 | 12,026 | -37,691 | -92,110 | -109,088 |
| total shareholders funds | 552,183 | 136,699 | 12,026 | -37,691 | -92,110 | -109,088 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 8,632 | 3,570 | 4,788 | 2,254 | 951 | 289 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | -54,097 | 73,371 | -61,022 | 134,054 | -13,591 | 13,591 |
| Debtors | -312,384 | 212,041 | 228,412 | -141,386 | 314,160 | 36,927 |
| Creditors | -288,149 | 438,551 | 543,598 | -36,715 | 30,021 | 8,538 |
| Accruals and Deferred Income | 0 | 0 | -14,190 | -69,842 | 83,132 | 900 |
| Deferred Taxes & Provisions | 24,611 | 1,124 | 1,876 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -374,148 | 49,078 | 178,544 | 146,526 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 423,769 | 273,021 | 37,183 | -614 | 1,757 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -5,754 | 5,754 |
| change in cash | 423,769 | 273,021 | 37,183 | -614 | 7,511 | -5,754 |
ineco energy limited Credit Report and Business Information
Ineco Energy Limited Competitor Analysis
Perform a competitor analysis for ineco energy limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in CV8 area or any other competitors across 12 key performance metrics.
ineco energy limited Ownership
INECO ENERGY LIMITED group structure
Ineco Energy Limited has no subsidiary companies.
ineco energy limited directors
Ineco Energy Limited currently has 3 directors. The longest serving directors include Mr Adam Peat (Nov 2016) and Mr Anthony Rayer (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Peat | England | 51 years | Nov 2016 | - | Director |
| Mr Anthony Rayer | United Kingdom | 63 years | Nov 2016 | - | Director |
| Mr Angus Rose | England | 34 years | Nov 2016 | - | Director |
P&L
July 2023turnover
1.4m
-30%
operating profit
527.8k
0%
gross margin
17.2%
+1.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
552.2k
+3.04%
total assets
1.3m
+0.14%
cash
735.1k
+1.36%
net assets
Total assets minus all liabilities
ineco energy limited company details
company number
10477244
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2016
age
8
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
July 2023
address
rural innovation centre ave h, stoneleigh park, kenilworth, warwickshire, CV8 2LG
accountant
WALKER BEGLEY LIMITED
auditor
-
ineco energy 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 ineco energy limited.
ineco energy limited Companies House Filings - See Documents
| date | description | view/download |
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