parnell electrical safety testing ltd

parnell electrical safety testing ltd Company Information

Share PARNELL ELECTRICAL SAFETY TESTING LTD
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Company Number

11229760

Industry

Electrical installation

 

Directors

David Parnell

Shareholders

david parnell

Group Structure

View All

Contact

Registered Address

hazelldell 13 the leys, burwell, cambridge, CB25 0DZ

Website

-

parnell electrical safety testing ltd Estimated Valuation

£7.4k

Pomanda estimates the enterprise value of PARNELL ELECTRICAL SAFETY TESTING LTD at £7.4k based on a Turnover of £18.9k and 0.39x industry multiple (adjusted for size and gross margin).

parnell electrical safety testing ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of PARNELL ELECTRICAL SAFETY TESTING LTD at £0 based on an EBITDA of £-1.5k and a 3.78x industry multiple (adjusted for size and gross margin).

parnell electrical safety testing ltd Estimated Valuation

£973

Pomanda estimates the enterprise value of PARNELL ELECTRICAL SAFETY TESTING LTD at £973 based on Net Assets of £358 and 2.72x industry multiple (adjusted for liquidity).

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Parnell Electrical Safety Testing Ltd Overview

Parnell Electrical Safety Testing Ltd is a live company located in cambridge, CB25 0DZ with a Companies House number of 11229760. It operates in the electrical installation sector, SIC Code 43210. Founded in February 2018, it's largest shareholder is david parnell with a 100% stake. Parnell Electrical Safety Testing Ltd is a young, micro sized company, Pomanda has estimated its turnover at £18.9k with declining growth in recent years.

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Parnell Electrical Safety Testing Ltd Health Check

Pomanda's financial health check has awarded Parnell Electrical Safety Testing Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £18.9k, make it smaller than the average company (£1.9m)

£18.9k - Parnell Electrical Safety Testing Ltd

£1.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (11.2%)

-15% - Parnell Electrical Safety Testing Ltd

11.2% - Industry AVG

production

Production

with a gross margin of 16.6%, this company has a higher cost of product (25.9%)

16.6% - Parnell Electrical Safety Testing Ltd

25.9% - Industry AVG

profitability

Profitability

an operating margin of -8.1% make it less profitable than the average company (6.7%)

-8.1% - Parnell Electrical Safety Testing Ltd

6.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (15)

1 - Parnell Electrical Safety Testing Ltd

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.9k, the company has an equivalent pay structure (£44.9k)

£44.9k - Parnell Electrical Safety Testing Ltd

£44.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £18.9k, this is less efficient (£148.8k)

£18.9k - Parnell Electrical Safety Testing Ltd

£148.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (56 days)

5 days - Parnell Electrical Safety Testing Ltd

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 6 days, this is quicker than average (42 days)

6 days - Parnell Electrical Safety Testing Ltd

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Parnell Electrical Safety Testing Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Parnell Electrical Safety Testing Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 43.1%, this is a lower level of debt than the average (59.6%)

43.1% - Parnell Electrical Safety Testing Ltd

59.6% - Industry AVG

PARNELL ELECTRICAL SAFETY TESTING LTD financials

EXPORTms excel logo

Parnell Electrical Safety Testing Ltd's latest turnover from February 2024 is estimated at £18.9 thousand and the company has net assets of £358. According to their latest financial statements, Parnell Electrical Safety Testing Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Turnover18,86567,67516,55931,07238,64617,571
Other Income Or Grants000000
Cost Of Sales15,73856,29013,81426,07831,99114,546
Gross Profit3,12611,3842,7454,9956,6563,025
Admin Expenses4,6619,3373,8279,1331,3581,588
Operating Profit-1,5352,047-1,082-4,1385,2981,437
Interest Payable000000
Interest Receivable000000
Pre-Tax Profit-1,5352,047-1,082-4,1385,2981,437
Tax0-38900-1,007-273
Profit After Tax-1,5351,658-1,082-4,1384,2911,164
Dividends Paid000000
Retained Profit-1,5351,658-1,082-4,1384,2911,164
Employee Costs44,91241,49339,89539,78941,00240,425
Number Of Employees111111
EBITDA*-1,5352,047-1,082-4,1385,2981,437

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Tangible Assets326398485591601733
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets326398485591601733
Stock & work in progress000000
Trade Debtors30317,8844,1965,6508,5064,521
Group Debtors000000
Misc Debtors000000
Cash000000
misc current assets000000
total current assets30317,8844,1965,6508,5064,521
total assets62918,2824,6816,2419,1075,254
Bank overdraft000000
Bank loan000000
Trade Creditors 27116,3894,4464,9243,6523,970
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities27116,3894,4464,9243,6523,970
loans000000
hp & lease commitments000000
Accruals and Deferred Income00000120
other liabilities000000
provisions000000
total long term liabilities00000120
total liabilities27116,3894,4464,9243,6524,090
net assets3581,8932351,3175,4551,164
total shareholders funds3581,8932351,3175,4551,164
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019
Operating Activities
Operating Profit-1,5352,047-1,082-4,1385,2981,437
Depreciation000000
Amortisation000000
Tax0-38900-1,007-273
Stock000000
Debtors-17,58113,688-1,454-2,8563,9854,521
Creditors-16,11811,943-4781,272-3183,970
Accruals and Deferred Income0000-120120
Deferred Taxes & Provisions000000
Cash flow from operations-72-87-106-10-132733
Investing Activities
capital expenditure728710610132-733
Change in Investments000000
cash flow from investments728710610132-733
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue000000
interest000000
cash flow from financing000000
cash and cash equivalents
cash000000
overdraft000000
change in cash000000

parnell electrical safety testing ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Parnell Electrical Safety Testing Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for parnell electrical safety testing ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in CB25 area or any other competitors across 12 key performance metrics.

parnell electrical safety testing ltd Ownership

PARNELL ELECTRICAL SAFETY TESTING LTD group structure

Parnell Electrical Safety Testing Ltd has no subsidiary companies.

Ultimate parent company

PARNELL ELECTRICAL SAFETY TESTING LTD

11229760

PARNELL ELECTRICAL SAFETY TESTING LTD Shareholders

david parnell 100%

parnell electrical safety testing ltd directors

Parnell Electrical Safety Testing Ltd currently has 1 director, Mr David Parnell serving since Feb 2018.

officercountryagestartendrole
Mr David ParnellUnited Kingdom61 years Feb 2018- Director

P&L

February 2024

turnover

18.9k

-72%

operating profit

-1.5k

0%

gross margin

16.6%

-1.48%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

358

-0.81%

total assets

629

-0.97%

cash

0

0%

net assets

Total assets minus all liabilities

parnell electrical safety testing ltd company details

company number

11229760

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

February 2018

age

6

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

-

address

hazelldell 13 the leys, burwell, cambridge, CB25 0DZ

Bank

-

Legal Advisor

-

parnell electrical safety testing 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 parnell electrical safety testing ltd.

parnell electrical safety testing 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.

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parnell electrical safety testing ltd Companies House Filings - See Documents

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