Pomanda estimates the enterprise value of SOUTH RINGS ENERGY LTD at £1.6m based on a Turnover of £3.4m and 0.48x industry multiple (adjusted for size and gross margin).
south rings energy ltdEstimated Valuation
£2.1m
Pomanda estimates the enterprise value of SOUTH RINGS ENERGY LTD at £2.1m based on an EBITDA of £525k and a 4.07x industry multiple (adjusted for size and gross margin).
south rings energy ltdEstimated Valuation
£9.7m
Pomanda estimates the enterprise value of SOUTH RINGS ENERGY LTD at £9.7m based on Net Assets of £3.5m and 2.76x industry multiple (adjusted for liquidity).
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South Rings Energy LtdOverview
South Rings Energy Ltd is a live company located in preston, PR5 6EW with a Companies House number of 11140892. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in January 2018, it's largest shareholder is
micheal joseph penman
with a 90% stake. South Rings Energy Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£3.4m with
rapid
growth in recent years.
Pomanda's financial health check has awarded South Rings Energy Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
3 Regular
1 Weak
Size
annual sales of £3.4m, make it larger than the average company (£381.8k)
£3.4m - South Rings Energy Ltd
£381.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (11.5%)
70% - South Rings Energy Ltd
11.5% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)
29.5% - South Rings Energy Ltd
29.5% - Industry AVG
Profitability
an operating margin of 14.2% make it more profitable than the average company (5.7%)
14.2% - South Rings Energy Ltd
5.7% - Industry AVG
Employees
with 28 employees, this is above the industry average (4)
28 - South Rings Energy Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.9k, the company has an equivalent pay structure (£32.9k)
£32.9k - South Rings Energy Ltd
£32.9k - Industry AVG
Efficiency
resulting in sales per employee of £121.9k, this is equally as efficient (£115k)
£121.9k - South Rings Energy Ltd
£115k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (52 days)
80 days - South Rings Energy Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (46 days)
53 days - South Rings Energy Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (12 days)
7 days - South Rings Energy Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 150 weeks, this is more cash available to meet short term requirements (20 weeks)
150 weeks - South Rings Energy Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.1%, this is a lower level of debt than the average (63.8%)
17.1% - South Rings Energy Ltd
63.8% - Industry AVG
SOUTH RINGS ENERGY LTD financials
EXPORT
South Rings Energy Ltd's latest turnover from March 2024 is estimated at £3.4 million and the company has net assets of £3.5 million. According to their latest financial statements, South Rings Energy Ltd has 28 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Turnover
3,413,671
1,935,707
1,370,573
695,632
753,789
360,717
Other Income Or Grants
Cost Of Sales
2,405,174
1,399,602
962,325
489,463
517,473
237,324
Gross Profit
1,008,498
536,105
408,248
206,169
236,316
123,393
Admin Expenses
523,095
-889,887
-1,610,345
83,088
125,975
123,392
Operating Profit
485,403
1,425,992
2,018,593
123,081
110,341
1
Interest Payable
2,749
3,612
1,374
Interest Receivable
107,767
86,012
7,961
168
74
Pre-Tax Profit
590,421
1,508,393
2,025,180
123,249
110,415
1
Tax
-147,605
-286,595
-384,784
-23,417
-20,979
Profit After Tax
442,816
1,221,798
1,640,396
99,832
89,436
1
Dividends Paid
Retained Profit
442,816
1,221,798
1,640,396
99,832
89,436
1
Employee Costs
920,281
739,057
678,165
390,773
279,248
138,697
Number Of Employees
28
22
20
12
8
4
EBITDA*
524,993
1,468,126
2,043,757
124,544
110,341
1
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Tangible Assets
129,930
137,738
86,193
10,003
6,571
969
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
129,930
137,738
86,193
10,003
6,571
969
Stock & work in progress
50,145
50,145
Trade Debtors
754,487
383,929
267,912
101,676
135,987
58,410
Group Debtors
Misc Debtors
1,286,308
1,018,966
162,381
70,992
27,092
Cash
1,991,464
2,113,951
1,933,685
189,226
147,364
misc current assets
total current assets
4,082,404
3,566,991
2,363,978
361,894
310,443
58,410
total assets
4,212,334
3,704,729
2,450,171
371,897
317,014
59,379
Bank overdraft
19,096
29,775
40,703
Bank loan
Trade Creditors
354,073
203,798
72,409
57,711
57,397
59,378
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
316,942
397,729
491,007
123,007
170,178
total current liabilities
690,111
631,302
604,119
180,718
227,575
59,378
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
27,934
21,954
16,377
1,900
total long term liabilities
27,934
21,954
16,377
1,900
total liabilities
718,045
653,256
620,496
182,618
227,575
59,378
net assets
3,494,289
3,051,473
1,829,675
189,279
89,439
1
total shareholders funds
3,494,289
3,051,473
1,829,675
189,279
89,439
1
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Operating Activities
Operating Profit
485,403
1,425,992
2,018,593
123,081
110,341
1
Depreciation
39,590
42,134
25,164
1,463
Amortisation
Tax
-147,605
-286,595
-384,784
-23,417
-20,979
Stock
50,145
Debtors
637,900
972,602
257,625
9,589
104,669
58,410
Creditors
150,275
131,389
14,698
314
-1,981
59,378
Accruals and Deferred Income
-80,787
-93,278
368,000
-47,171
170,178
Deferred Taxes & Provisions
5,980
5,577
14,477
1,900
Cash flow from operations
-185,044
202,472
1,798,523
46,581
152,890
969
Investing Activities
capital expenditure
-31,782
-93,679
-101,354
-4,895
-5,602
-969
Change in Investments
cash flow from investments
-31,782
-93,679
-101,354
-4,895
-5,602
-969
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
8
2
interest
105,018
82,400
6,587
168
74
cash flow from financing
105,018
82,400
6,587
176
76
cash and cash equivalents
cash
-122,487
180,266
1,744,459
41,862
147,364
overdraft
-10,679
-10,928
40,703
change in cash
-111,808
191,194
1,703,756
41,862
147,364
south rings energy ltd 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 south rings energy ltd. Get real-time insights into south rings energy ltd's credit score, group structure and payment trends.
Perform a competitor analysis for south rings energy ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PR5 area or any other competitors across 12 key performance metrics.
south rings energy ltd Ownership
SOUTH RINGS ENERGY LTD group structure
South Rings Energy Ltd has no subsidiary companies.
Ultimate parent company
SOUTH RINGS ENERGY LTD
11140892
SOUTH RINGS ENERGY LTD Shareholders
The largest shareholders in South Rings Energy Ltd include Micheal Joseph Penman and Steven Anthony Penman.
micheal joseph penman
90%
steven anthony penman
10%
south rings energy ltd directors
South Rings Energy Ltd currently has 3 directors.
The longest serving directors include
Mr Steven Penman (Jan 2018) and
Mr Micheal Penman (Mar 2020).
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 south rings energy ltd.
south rings energy ltd Capital Raised & Share Issues BETA
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south rings energy ltdCompanies House Filings - See Documents
