ielec limited
ielec limited Company Information
Company Number
14371037
Website
-Registered Address
1a, glebe business park, westerham road, keston, kent, BR2 6AX
Industry
Electrical installation
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
michael payne 66.7%
james goodrich 33.3%
ielec limited Estimated Valuation
Pomanda estimates the enterprise value of IELEC LIMITED at £320.4k based on a Turnover of £735.6k and 0.44x industry multiple (adjusted for size and gross margin).
ielec limited Estimated Valuation
Pomanda estimates the enterprise value of IELEC LIMITED at £0 based on an EBITDA of £-13.5k and a 4.51x industry multiple (adjusted for size and gross margin).
ielec limited Estimated Valuation
Pomanda estimates the enterprise value of IELEC LIMITED at £0 based on Net Assets of £-13.5k and 3.05x industry multiple (adjusted for liquidity).
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Ielec Limited Overview
Ielec Limited is a live company located in keston, BR2 6AX with a Companies House number of 14371037. It operates in the electrical installation sector, SIC Code 43210. Founded in September 2022, it's largest shareholder is michael payne with a 66.7% stake. Ielec Limited is a startup, small sized company, Pomanda has estimated its turnover at £735.6k with unknown growth in recent years.
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Ielec Limited Health Check
Pomanda's financial health check has awarded Ielec Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £735.6k, make it in line with the average company (£838.5k)
- Ielec Limited
£838.5k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ielec Limited
- - Industry AVG
Production
with a gross margin of 16.6%, this company has a higher cost of product (25.5%)
- Ielec Limited
25.5% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (6.6%)
- Ielec Limited
6.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (11)
- Ielec Limited
11 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
- Ielec Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £183.9k, this is more efficient (£133.1k)
- Ielec Limited
£133.1k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (59 days)
- Ielec Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 110 days, this is slower than average (42 days)
- Ielec Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ielec Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ielec Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.9%, this is a higher level of debt than the average (61%)
107.9% - Ielec Limited
61% - Industry AVG
IELEC LIMITED financials
Ielec Limited's latest turnover from September 2023 is estimated at £735.6 thousand and the company has net assets of -£13.5 thousand. According to their latest financial statements, we estimate that Ielec Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | |
|---|---|
| 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 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | |
|---|---|
| Tangible Assets | 0 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 0 |
| Stock & work in progress | 0 |
| Trade Debtors | 171,630 |
| Group Debtors | 0 |
| Misc Debtors | 0 |
| Cash | 0 |
| misc current assets | 0 |
| total current assets | 171,630 |
| total assets | 171,630 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 185,116 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 0 |
| total current liabilities | 185,116 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 185,116 |
| net assets | -13,486 |
| total shareholders funds | -13,486 |
| Sep 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 0 |
| Amortisation | 0 |
| Tax | |
| Stock | 0 |
| Debtors | 171,630 |
| Creditors | 185,116 |
| Accruals and Deferred Income | 0 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 0 |
| overdraft | 0 |
| change in cash | 0 |
ielec limited Credit Report and Business Information
Ielec Limited Competitor Analysis
Perform a competitor analysis for ielec limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BR2 area or any other competitors across 12 key performance metrics.
ielec limited Ownership
IELEC LIMITED group structure
Ielec Limited has no subsidiary companies.
Ultimate parent company
IELEC LIMITED
14371037
ielec limited directors
Ielec Limited currently has 2 directors. The longest serving directors include Mr Michael Payne (Sep 2022) and Mr James Goodrich (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Payne | United Kingdom | 48 years | Sep 2022 | - | Director |
| Mr James Goodrich | England | 43 years | Jul 2023 | - | Director |
P&L
September 2023turnover
735.6k
0%
operating profit
-13.5k
0%
gross margin
16.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-13.5k
0%
total assets
171.6k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ielec limited company details
company number
14371037
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
September 2022
age
2
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
1a, glebe business park, westerham road, keston, kent, BR2 6AX
Bank
-
Legal Advisor
-
ielec limited 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 ielec limited.
ielec limited Companies House Filings - See Documents
| date | description | view/download |
|---|
