equinicity ltd
equinicity ltd Company Information
Company Number
11374646
Next Accounts
Apr 2025
Shareholders
noriker power ltd
Group Structure
View All
Industry
Production of electricity
Registered Address
fourth floor the quadrangle, imperial square, cheltenham, GL50 1PZ
Website
noriker.co.ukequinicity ltd Estimated Valuation
Pomanda estimates the enterprise value of EQUINICITY LTD at £24.2m based on a Turnover of £12.2m and 1.98x industry multiple (adjusted for size and gross margin).
equinicity ltd Estimated Valuation
Pomanda estimates the enterprise value of EQUINICITY LTD at £0 based on an EBITDA of £-476.5k and a 5.81x industry multiple (adjusted for size and gross margin).
equinicity ltd Estimated Valuation
Pomanda estimates the enterprise value of EQUINICITY LTD at £0 based on Net Assets of £-1.7m and 2.75x industry multiple (adjusted for liquidity).
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Equinicity Ltd Overview
Equinicity Ltd is a live company located in cheltenham, GL50 1PZ with a Companies House number of 11374646. It operates in the production of electricity sector, SIC Code 35110. Founded in May 2018, it's largest shareholder is noriker power ltd with a 100% stake. Equinicity Ltd is a young, mid sized company, Pomanda has estimated its turnover at £12.2m with rapid growth in recent years.
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Equinicity Ltd Health Check
Pomanda's financial health check has awarded Equinicity Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £12.2m, make it larger than the average company (£1.6m)
- Equinicity Ltd
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (9%)
- Equinicity Ltd
9% - Industry AVG
Production
with a gross margin of 69.8%, this company has a comparable cost of product (69.8%)
- Equinicity Ltd
69.8% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (49.6%)
- Equinicity Ltd
49.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Equinicity Ltd
3 - Industry AVG
Pay Structure
on an average salary of £72.2k, the company has an equivalent pay structure (£72.2k)
- Equinicity Ltd
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £6.1m, this is more efficient (£429.6k)
- Equinicity Ltd
£429.6k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (14 days)
- Equinicity Ltd
14 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (21 days)
- Equinicity Ltd
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Equinicity Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (11 weeks)
16 weeks - Equinicity Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 172.9%, this is a higher level of debt than the average (88.8%)
172.9% - Equinicity Ltd
88.8% - Industry AVG
EQUINICITY LTD financials
Equinicity Ltd's latest turnover from July 2023 is estimated at £12.2 million and the company has net assets of -£1.7 million. According to their latest financial statements, Equinicity Ltd has 2 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,286 | 1,488 | 3,177 | 4,866 | |
| Intangible Assets | |||||
| Investments & Other | 1 | ||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 1,286 | 1,488 | 3,177 | 4,866 | 1 |
| Stock & work in progress | |||||
| Trade Debtors | 908,457 | 452,153 | 9,506 | ||
| Group Debtors | |||||
| Misc Debtors | 154,405 | 51,396 | 44,737 | 10,348 | |
| Cash | 1,266,826 | 1,154,184 | 1,116,565 | ||
| misc current assets | |||||
| total current assets | 2,329,688 | 1,205,580 | 1,161,302 | 462,501 | 9,506 |
| total assets | 2,330,974 | 1,207,068 | 1,164,479 | 467,367 | 9,507 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 979,783 | 10,007 | 7,653 | 583,420 | |
| Group/Directors Accounts | 2,788,519 | 2,476,726 | 1,896,022 | ||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 262,657 | 2,250 | 2,250 | ||
| total current liabilities | 4,030,959 | 2,488,983 | 1,905,925 | 583,420 | |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 68,763 | ||||
| other liabilities | 10,000 | ||||
| provisions | |||||
| total long term liabilities | 68,763 | 10,000 | |||
| total liabilities | 4,030,959 | 2,488,983 | 1,905,925 | 652,183 | 10,000 |
| net assets | -1,699,985 | -1,281,915 | -741,446 | -184,816 | -493 |
| total shareholders funds | -1,699,985 | -1,281,915 | -741,446 | -184,816 | -493 |
| Jul 2023 | Jul 2022 | Jul 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 2,131 | 1,689 | 1,689 | ||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 1,011,466 | 6,659 | -417,764 | 452,995 | 9,506 |
| Creditors | 969,776 | 2,354 | -575,767 | 583,420 | |
| Accruals and Deferred Income | 260,407 | -66,513 | 68,763 | ||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -1 | 1 | |||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 311,793 | 580,704 | 1,896,022 | ||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -10,000 | 10,000 | |||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 112,642 | 37,619 | 1,116,565 | ||
| overdraft | |||||
| change in cash | 112,642 | 37,619 | 1,116,565 |
equinicity ltd Credit Report and Business Information
Equinicity Ltd Competitor Analysis
Perform a competitor analysis for equinicity ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in GL50 area or any other competitors across 12 key performance metrics.
equinicity ltd Ownership
EQUINICITY LTD group structure
Equinicity Ltd has no subsidiary companies.
equinicity ltd directors
Equinicity Ltd currently has 2 directors. The longest serving directors include Dr Marc Thomas (May 2018) and Dr Zhenni Wang (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Marc Thomas | United Kingdom | 58 years | May 2018 | - | Director |
| Dr Zhenni Wang | United Kingdom | 71 years | Jan 2019 | - | Director |
P&L
July 2023turnover
12.2m
+3278%
operating profit
-478.6k
0%
gross margin
69.8%
+10.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
-1.7m
+0.33%
total assets
2.3m
+0.93%
cash
1.3m
+0.1%
net assets
Total assets minus all liabilities
equinicity ltd company details
company number
11374646
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
fourth floor the quadrangle, imperial square, cheltenham, GL50 1PZ
Bank
-
Legal Advisor
-
equinicity 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 equinicity ltd.
equinicity 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.
Click to start generating capital raising & share issue transactions for EQUINICITY LTD. This can take several minutes, an email will notify you when this has completed.
equinicity ltd Companies House Filings - See Documents
| date | description | view/download |
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