Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
greenray house, lincoln fields business park, lincoln, LN6 3QW
Pomanda estimates the enterprise value of GREENRAY TURBINE SOLUTIONS LIMITED at £15.4m based on a Turnover of £20.7m and 0.74x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of GREENRAY TURBINE SOLUTIONS LIMITED at £31.1m based on an EBITDA of £5.3m and a 5.86x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of GREENRAY TURBINE SOLUTIONS LIMITED at £12.8m based on Net Assets of £6.3m and 2.04x industry multiple (adjusted for liquidity).
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Greenray Turbine Solutions LimitedOverview
Greenray Turbine Solutions Limited is a live company located in lincoln, LN6 3QW with a Companies House number of 10673442. It operates in the other engineering activities sector, SIC Code 71129. Founded in March 2017, it's largest shareholder is
greenray energy solutions group limited
with a 100% stake. Greenray Turbine Solutions Limited is a young,
large sized company, Pomanda has estimated its turnover at
£20.7m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Greenray Turbine Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £20.7m, make it larger than the average company (£3.8m)
£20.7m - Greenray Turbine Solutions Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (10.7%)
37% - Greenray Turbine Solutions Limited
10.7% - Industry AVG
Production
with a gross margin of 44.1%, this company has a lower cost of product (33.8%)
44.1% - Greenray Turbine Solutions Limited
33.8% - Industry AVG
Profitability
an operating margin of 24.9% make it more profitable than the average company (6.2%)
24.9% - Greenray Turbine Solutions Limited
6.2% - Industry AVG
Employees
with 71 employees, this is above the industry average (25)
71 - Greenray Turbine Solutions Limited
25 - Industry AVG
Pay Structure
on an average salary of £73k, the company has a higher pay structure (£55.2k)
£73k - Greenray Turbine Solutions Limited
£55.2k - Industry AVG
Efficiency
resulting in sales per employee of £292.1k, this is more efficient (£128.5k)
£292.1k - Greenray Turbine Solutions Limited
£128.5k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (68 days)
88 days - Greenray Turbine Solutions Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (29 days)
56 days - Greenray Turbine Solutions Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 113 days, this is more than average (39 days)
113 days - Greenray Turbine Solutions Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 21 weeks, this is average cash available to meet short term requirements (20 weeks)
21 weeks - Greenray Turbine Solutions Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.5%, this is a similar level of debt than the average (55.9%)
60.5% - Greenray Turbine Solutions Limited
55.9% - Industry AVG
GREENRAY TURBINE SOLUTIONS LIMITED financials
EXPORT
Greenray Turbine Solutions Limited's latest turnover from September 2024 is £20.7 million and the company has net assets of £6.3 million. According to their latest financial statements, Greenray Turbine Solutions Limited has 71 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Mar 2018
Turnover
20,741,000
12,523,000
9,741,000
8,019,000
7,941,000
12,314,000
Other Income Or Grants
Cost Of Sales
11,597,000
7,423,000
5,716,000
4,666,000
5,459,000
7,051,000
Gross Profit
9,144,000
5,100,000
4,025,000
3,353,000
2,482,000
5,263,000
Admin Expenses
3,987,000
3,163,000
2,987,000
2,497,000
2,562,000
5,866,000
Operating Profit
5,157,000
1,937,000
1,038,000
856,000
-80,000
-603,000
Interest Payable
254,000
360,000
347,000
301,000
293,000
362,000
Interest Receivable
Pre-Tax Profit
4,903,000
1,577,000
691,000
555,000
-373,000
-965,000
Tax
-1,121,000
-437,000
-141,000
-135,000
56,000
72,000
Profit After Tax
3,782,000
1,140,000
550,000
420,000
-317,000
-893,000
Dividends Paid
Retained Profit
3,782,000
1,140,000
550,000
420,000
-317,000
-893,000
Employee Costs
5,183,000
3,752,000
3,732,000
3,388,000
3,337,000
4,973,000
Number Of Employees
71
60
61
59
60
61
EBITDA*
5,312,000
2,102,000
1,195,000
1,019,000
70,000
-405,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Mar 2018
Tangible Assets
129,000
84,000
112,000
83,000
128,000
167,000
Intangible Assets
406,000
587,000
694,000
757,000
826,000
916,000
Investments & Other
Debtors (Due After 1 year)
20,000
6,000
74,000
Total Fixed Assets
535,000
671,000
826,000
846,000
1,028,000
1,083,000
Stock & work in progress
3,602,000
2,911,000
1,780,000
1,492,000
1,264,000
907,000
Trade Debtors
5,043,000
2,303,000
2,614,000
2,194,000
2,870,000
2,745,000
Group Debtors
1,505,000
1,401,000
1,505,000
1,505,000
1,519,000
1,600,000
Misc Debtors
1,812,000
1,581,000
808,000
670,000
277,000
375,000
Cash
3,386,000
1,418,000
3,008,000
3,094,000
2,968,000
513,000
misc current assets
total current assets
15,348,000
9,614,000
9,715,000
8,955,000
8,898,000
6,140,000
total assets
15,883,000
10,285,000
10,541,000
9,801,000
9,926,000
7,223,000
Bank overdraft
Bank loan
1,000,000
963,000
1,050,000
175,000
Trade Creditors
1,783,000
1,261,000
605,000
172,000
246,000
180,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
5,304,000
3,022,000
3,113,000
2,306,000
2,290,000
1,836,000
total current liabilities
8,087,000
4,283,000
4,681,000
3,528,000
2,711,000
2,016,000
loans
1,500,000
3,500,000
4,500,000
5,463,000
6,825,000
4,500,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
14,000
2,000
total long term liabilities
1,514,000
3,502,000
4,500,000
5,463,000
6,825,000
4,500,000
total liabilities
9,601,000
7,785,000
9,181,000
8,991,000
9,536,000
6,516,000
net assets
6,282,000
2,500,000
1,360,000
810,000
390,000
707,000
total shareholders funds
6,282,000
2,500,000
1,360,000
810,000
390,000
707,000
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Mar 2018
Operating Activities
Operating Profit
5,157,000
1,937,000
1,038,000
856,000
-80,000
-603,000
Depreciation
53,000
54,000
54,000
59,000
60,000
98,000
Amortisation
102,000
111,000
103,000
104,000
90,000
100,000
Tax
-1,121,000
-437,000
-141,000
-135,000
56,000
72,000
Stock
691,000
1,131,000
288,000
228,000
357,000
907,000
Debtors
3,075,000
338,000
572,000
-365,000
20,000
4,720,000
Creditors
522,000
656,000
433,000
-74,000
66,000
180,000
Accruals and Deferred Income
2,282,000
-91,000
807,000
16,000
454,000
1,836,000
Deferred Taxes & Provisions
12,000
2,000
Cash flow from operations
3,241,000
763,000
1,434,000
963,000
269,000
-3,944,000
Investing Activities
capital expenditure
-19,000
-30,000
-123,000
-49,000
-21,000
-1,281,000
Change in Investments
cash flow from investments
-19,000
-30,000
-123,000
-49,000
-21,000
-1,281,000
Financing Activities
Bank loans
1,000,000
-963,000
-87,000
875,000
175,000
Group/Directors Accounts
Other Short Term Loans
Long term loans
-2,000,000
-1,000,000
-963,000
-1,362,000
2,325,000
4,500,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1,600,000
interest
-254,000
-360,000
-347,000
-301,000
-293,000
-362,000
cash flow from financing
-1,254,000
-2,323,000
-1,397,000
-788,000
2,207,000
5,738,000
cash and cash equivalents
cash
1,968,000
-1,590,000
-86,000
126,000
2,455,000
513,000
overdraft
change in cash
1,968,000
-1,590,000
-86,000
126,000
2,455,000
513,000
greenray turbine solutions limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for greenray turbine solutions limited. Get real-time insights into greenray turbine solutions limited's credit score, group structure and payment trends.
Perform a competitor analysis for greenray turbine solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in LN6 area or any other competitors across 12 key performance metrics.
greenray turbine solutions limited Ownership
GREENRAY TURBINE SOLUTIONS LIMITED group structure
Greenray Turbine Solutions Limited has 6 subsidiary companies.
The sole shareholder of Greenray Turbine Solutions Limited is Greenray Energy Solutions Group Limited.
greenray energy solutions group limited
100%
greenray turbine solutions limited directors
Greenray Turbine Solutions Limited currently has 4 directors.
The longest serving directors include
Mr Brian Jackson (Nov 2018) and
Mr Keith Chapman (Dec 2018).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2024
net assets
6.3m
+1.51%
total assets
15.9m
+0.54%
cash
3.4m
+1.39%
net assets
Total assets minus all liabilities
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greenray turbine solutions limited company details
company number
10673442
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
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 3 charges/mortgages relating to greenray turbine solutions limited. Currently there are 2 open charges and 1 have been satisfied in the past.
greenray turbine solutions 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.
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greenray turbine solutions limitedCompanies House Filings - See Documents
