utility point limited
utility point limited Company Information
Company Number
10610614
Next Accounts
1116 days late
Shareholders
ben bolt
simon yarwood
Group Structure
View All
Industry
Trade of gas through mains
+1Registered Address
suite 3 regency house, 91 western road, brighton, BN1 2NW
Website
-utility point limited Estimated Valuation
Pomanda estimates the enterprise value of UTILITY POINT LIMITED at £270.8m based on a Turnover of £113.5m and 2.39x industry multiple (adjusted for size and gross margin).
utility point limited Estimated Valuation
Pomanda estimates the enterprise value of UTILITY POINT LIMITED at £0 based on an EBITDA of £-5.4m and a 7.13x industry multiple (adjusted for size and gross margin).
utility point limited Estimated Valuation
Pomanda estimates the enterprise value of UTILITY POINT LIMITED at £0 based on Net Assets of £-13.4m and 2.75x industry multiple (adjusted for liquidity).
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Utility Point Limited Overview
Utility Point Limited is a live company located in brighton, BN1 2NW with a Companies House number of 10610614. It operates in the trade of electricity sector, SIC Code 35140. Founded in February 2017, it's largest shareholder is ben bolt with a 55.9% stake. Utility Point Limited is a young, mega sized company, Pomanda has estimated its turnover at £113.5m with rapid growth in recent years.
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Utility Point Limited Health Check
Pomanda's financial health check has awarded Utility Point Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £113.5m, make it larger than the average company (£25.3m)
£113.5m - Utility Point Limited
£25.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 8010%, show it is growing at a faster rate (9.8%)
- Utility Point Limited
9.8% - Industry AVG
Production
with a gross margin of 9.4%, this company has a comparable cost of product (11.2%)
9.4% - Utility Point Limited
11.2% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (3.6%)
-4.8% - Utility Point Limited
3.6% - Industry AVG
Employees
with 99 employees, this is above the industry average (57)
99 - Utility Point Limited
57 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has a lower pay structure (£41.9k)
£31.6k - Utility Point Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£595.5k)
£1.1m - Utility Point Limited
£595.5k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (32 days)
3 days - Utility Point Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is slower than average (16 days)
20 days - Utility Point Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Utility Point Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is more cash available to meet short term requirements (5 weeks)
11 weeks - Utility Point Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 159.4%, this is a higher level of debt than the average (85.6%)
159.4% - Utility Point Limited
85.6% - Industry AVG
UTILITY POINT LIMITED financials
Utility Point Limited's latest turnover from June 2020 is £113.5 million and the company has net assets of -£13.4 million. According to their latest financial statements, Utility Point Limited has 99 employees and maintains cash reserves of £7.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2020 | Jun 2019 | Jun 2018 | Dec 2017 | |
|---|---|---|---|---|
| Turnover | 113,521,303 | 51,025,497 | ||
| Other Income Or Grants | ||||
| Cost Of Sales | 102,866,672 | 52,803,241 | ||
| Gross Profit | 10,654,631 | -1,777,744 | ||
| Admin Expenses | 16,132,941 | 6,201,475 | ||
| Operating Profit | -5,478,310 | -7,979,219 | ||
| Interest Payable | 35,739 | 3,495 | ||
| Interest Receivable | 7,864 | 2,385 | ||
| Pre-Tax Profit | -5,506,185 | -7,980,329 | ||
| Tax | ||||
| Profit After Tax | -5,506,185 | -7,980,329 | ||
| Dividends Paid | ||||
| Retained Profit | -5,506,185 | -7,980,329 | ||
| Employee Costs | 3,124,096 | 1,111,039 | ||
| Number Of Employees | 99 | 36 | 11 | |
| EBITDA* | -5,408,672 | -7,959,056 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2020 | Jun 2019 | Jun 2018 | Dec 2017 | |
|---|---|---|---|---|
| Tangible Assets | 394,457 | 68,859 | 18,153 | |
| Intangible Assets | 42,500 | 45,000 | 47,500 | 20,000 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 436,957 | 113,859 | 65,653 | 20,000 |
| Stock & work in progress | ||||
| Trade Debtors | 1,129,598 | 699,778 | 810,845 | 20 |
| Group Debtors | ||||
| Misc Debtors | 13,231,513 | 7,059,743 | ||
| Cash | 7,713,926 | 4,559,389 | 1,291,789 | |
| misc current assets | ||||
| total current assets | 22,075,037 | 12,318,910 | 2,102,634 | 20 |
| total assets | 22,511,994 | 12,432,769 | 2,168,287 | 20,020 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 5,680,520 | 3,381,520 | 2,047,502 | |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 30,205,855 | 16,919,445 | ||
| total current liabilities | 35,886,375 | 20,300,965 | 2,047,502 | |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 3,086 | |||
| provisions | ||||
| total long term liabilities | 3,086 | |||
| total liabilities | 35,886,375 | 20,300,965 | 2,050,588 | |
| net assets | -13,374,381 | -7,868,196 | 117,699 | 20,020 |
| total shareholders funds | -13,374,381 | -7,868,196 | 117,699 | 20,020 |
| Jun 2020 | Jun 2019 | Jun 2018 | Dec 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -5,478,310 | -7,979,219 | ||
| Depreciation | 67,138 | 17,663 | 1,149 | |
| Amortisation | 2,500 | 2,500 | 2,500 | |
| Tax | ||||
| Stock | ||||
| Debtors | 6,601,590 | 6,948,676 | 810,825 | 20 |
| Creditors | 2,299,000 | 1,334,018 | 2,047,502 | |
| Accruals and Deferred Income | 13,286,410 | 16,919,445 | ||
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | 3,575,148 | 3,345,731 | ||
| 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 | -3,086 | 3,086 | ||
| share issue | ||||
| interest | -27,875 | -1,110 | ||
| cash flow from financing | -27,875 | -9,762 | ||
| cash and cash equivalents | ||||
| cash | 3,154,537 | 3,267,600 | 1,291,789 | |
| overdraft | ||||
| change in cash | 3,154,537 | 3,267,600 | 1,291,789 |
utility point limited Credit Report and Business Information
Utility Point Limited Competitor Analysis
Perform a competitor analysis for utility point limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mega companies, companies in BN1 area or any other competitors across 12 key performance metrics.
utility point limited Ownership
UTILITY POINT LIMITED group structure
Utility Point Limited has no subsidiary companies.
Ultimate parent company
UTILITY POINT LIMITED
10610614
utility point limited directors
Utility Point Limited currently has 4 directors. The longest serving directors include Mr Benjamin Bolt (Dec 2017) and Mr Simon Yarwood (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Bolt | England | 41 years | Dec 2017 | - | Director |
| Mr Simon Yarwood | 48 years | Mar 2019 | - | Director | |
| Mr Stephen Calland | 67 years | Jun 2019 | - | Director | |
| Mr John Bolt | England | 70 years | Jun 2019 | - | Director |
P&L
June 2020turnover
113.5m
+122%
operating profit
-5.5m
-31%
gross margin
9.4%
-369.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2020net assets
-13.4m
+0.7%
total assets
22.5m
+0.81%
cash
7.7m
+0.69%
net assets
Total assets minus all liabilities
utility point limited company details
company number
10610614
Type
Private limited with Share Capital
industry
35230 - Trade of gas through mains
35140 - Trade of electricity
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2020
previous names
washington energy limited (December 2017)
accountant
-
auditor
SAFFERY CHAMPNESS LLP
address
suite 3 regency house, 91 western road, brighton, BN1 2NW
Bank
-
Legal Advisor
-
utility point 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 found 2 charges/mortgages relating to utility point limited. Currently there are 0 open charges and 2 have been satisfied in the past.
utility point 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.
Click to start generating capital raising & share issue transactions for UTILITY POINT LIMITED. This can take several minutes, an email will notify you when this has completed.
utility point limited Companies House Filings - See Documents
| date | description | view/download |
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