buckingham magnetics ltd

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buckingham magnetics ltd Company Information

Share BUCKINGHAM MAGNETICS LTD

Company Number

12850401

Shareholders

vajira malinda dhanapala

chathurika udhayangani wanniarachchi kankanamge

Group Structure

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Industry

Wholesale of other machinery and equipment

 +2

Registered Address

22 ripon way, borehamwood, WD6 2HS

Website

-

buckingham magnetics ltd Estimated Valuation

£44.1k

Pomanda estimates the enterprise value of BUCKINGHAM MAGNETICS LTD at £44.1k based on a Turnover of £78.7k and 0.56x industry multiple (adjusted for size and gross margin).

buckingham magnetics ltd Estimated Valuation

£20.7k

Pomanda estimates the enterprise value of BUCKINGHAM MAGNETICS LTD at £20.7k based on an EBITDA of £6k and a 3.45x industry multiple (adjusted for size and gross margin).

buckingham magnetics ltd Estimated Valuation

£11k

Pomanda estimates the enterprise value of BUCKINGHAM MAGNETICS LTD at £11k based on Net Assets of £5.5k and 2x industry multiple (adjusted for liquidity).

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Buckingham Magnetics Ltd Overview

Buckingham Magnetics Ltd is a live company located in borehamwood, WD6 2HS with a Companies House number of 12850401. It operates in the manufacture of electric motors, generators and transformers sector, SIC Code 27110. Founded in September 2020, it's largest shareholder is vajira malinda dhanapala with a 50% stake. Buckingham Magnetics Ltd is a young, micro sized company, Pomanda has estimated its turnover at £78.7k with unknown growth in recent years.

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Buckingham Magnetics Ltd Health Check

Pomanda's financial health check has awarded Buckingham Magnetics Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £78.7k, make it smaller than the average company (£12.5m)

£78.7k - Buckingham Magnetics Ltd

£12.5m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Buckingham Magnetics Ltd

- - Industry AVG

production

Production

with a gross margin of 20.3%, this company has a higher cost of product (34.1%)

20.3% - Buckingham Magnetics Ltd

34.1% - Industry AVG

profitability

Profitability

an operating margin of 7.6% make it more profitable than the average company (4.4%)

7.6% - Buckingham Magnetics Ltd

4.4% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (66)

1 - Buckingham Magnetics Ltd

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £53k, the company has an equivalent pay structure (£53k)

£53k - Buckingham Magnetics Ltd

£53k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £78.7k, this is less efficient (£211.9k)

£78.7k - Buckingham Magnetics Ltd

£211.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 18 days, this is earlier than average (61 days)

18 days - Buckingham Magnetics Ltd

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 395 days, this is slower than average (42 days)

395 days - Buckingham Magnetics Ltd

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Buckingham Magnetics Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Buckingham Magnetics Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 92.5%, this is a higher level of debt than the average (52.7%)

92.5% - Buckingham Magnetics Ltd

52.7% - Industry AVG

BUCKINGHAM MAGNETICS LTD financials

EXPORTms excel logo

Buckingham Magnetics Ltd's latest turnover from September 2023 is estimated at £78.7 thousand and the company has net assets of £5.5 thousand. According to their latest financial statements, we estimate that Buckingham Magnetics Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021
Turnover78,7394,325
Other Income Or Grants
Cost Of Sales62,7553,425
Gross Profit15,984900
Admin Expenses9,984-323
Operating Profit6,0001,223
Interest Payable
Interest Receivable111
Pre-Tax Profit6,0001,235
Tax-1,500-235
Profit After Tax4,5001,000
Dividends Paid
Retained Profit4,5001,000
Employee Costs52,99850,284
Number Of Employees11
EBITDA*6,0001,223

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021
Tangible Assets2,000
Intangible Assets
Investments & Other5,000
Debtors (Due After 1 year)
Total Fixed Assets7,000
Stock & work in progress
Trade Debtors4,0001,000
Group Debtors
Misc Debtors62,500
Cash1,000
misc current assets
total current assets66,5001,0001,000
total assets73,5001,0001,000
Bank overdraft
Bank loan
Trade Creditors 68,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities68,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities68,000
net assets5,5001,0001,000
total shareholders funds5,5001,0001,000
Sep 2023Sep 2022Sep 2021
Operating Activities
Operating Profit6,0001,223
Depreciation
Amortisation
Tax-1,500-235
Stock
Debtors65,5001,000
Creditors68,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations7,000-12
Investing Activities
capital expenditure-2,000
Change in Investments5,000
cash flow from investments-7,000
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-1,0001,000
interest111
cash flow from financing-9891,001
cash and cash equivalents
cash-1,0001,000
overdraft
change in cash-1,0001,000

buckingham magnetics 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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Buckingham Magnetics Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for buckingham magnetics ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in WD6 area or any other competitors across 12 key performance metrics.

buckingham magnetics ltd Ownership

BUCKINGHAM MAGNETICS LTD group structure

Buckingham Magnetics Ltd has no subsidiary companies.

Ultimate parent company

BUCKINGHAM MAGNETICS LTD

12850401

BUCKINGHAM MAGNETICS LTD Shareholders

vajira malinda dhanapala 50%
chathurika udhayangani wanniarachchi kankanamge 50%

buckingham magnetics ltd directors

Buckingham Magnetics Ltd currently has 4 directors. The longest serving directors include Mrs Chathurika Wanniarachchi Kankanamge (Sep 2020) and Mr Vajira Dhanapala (Sep 2020).

officercountryagestartendrole
Mrs Chathurika Wanniarachchi KankanamgeUnited Kingdom46 years Sep 2020- Director
Mr Vajira DhanapalaUnited Kingdom49 years Sep 2020- Director
Prof Kapila WarnakulasuriyaEngland49 years Jan 2023- Director
Mr David HughesEngland38 years Dec 2023- Director

P&L

September 2023

turnover

78.7k

+1720%

operating profit

6k

0%

gross margin

20.4%

-2.44%

turnover

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

Balance Sheet

September 2023

net assets

5.5k

+4.5%

total assets

73.5k

+72.5%

cash

0

0%

net assets

Total assets minus all liabilities

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buckingham magnetics ltd company details

company number

12850401

Type

Private limited with Share Capital

industry

72190 - Other research and experimental development on natural sciences and engineering

46690 - Wholesale of other machinery and equipment

27110 - Manufacture of electric motors, generators and transformers

incorporation date

September 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

22 ripon way, borehamwood, WD6 2HS

Bank

-

Legal Advisor

-

buckingham magnetics 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 buckingham magnetics ltd.

buckingham magnetics 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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buckingham magnetics ltd Companies House Filings - See Documents

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