mutual energy limited
mutual energy limited Company Information
Company Number
NI053759
Website
www.mutual-energy.comRegistered Address
first floor, the arena building, 85 ormeau road, belfast, BT7 1SH
Industry
Transmission of electricity
Activities of head offices
Telephone
02890437580
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
mutual energy limited Estimated Valuation
Pomanda estimates the enterprise value of MUTUAL ENERGY LIMITED at £0 based on a Turnover of £103.5m and -32.62x industry multiple (adjusted for size and gross margin).
mutual energy limited Estimated Valuation
Pomanda estimates the enterprise value of MUTUAL ENERGY LIMITED at £0 based on an EBITDA of £78.3m and a -78.43x industry multiple (adjusted for size and gross margin).
mutual energy limited Estimated Valuation
Pomanda estimates the enterprise value of MUTUAL ENERGY LIMITED at £151.7m based on Net Assets of £50.2m and 3.02x industry multiple (adjusted for liquidity).
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Mutual Energy Limited Overview
Mutual Energy Limited is a live company located in 85 ormeau road, BT7 1SH with a Companies House number of NI053759. It operates in the transmission of electricity sector, SIC Code 35120. Founded in January 2005, it's largest shareholder is unknown. Mutual Energy Limited is a established, mega sized company, Pomanda has estimated its turnover at £103.5m with healthy growth in recent years.
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Mutual Energy Limited Health Check
Pomanda's financial health check has awarded Mutual Energy Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £103.5m, make it larger than the average company (£21.5m)
£103.5m - Mutual Energy Limited
£21.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.7%)
13% - Mutual Energy Limited
6.7% - Industry AVG
Production
with a gross margin of 37.6%, this company has a comparable cost of product (37.6%)
37.6% - Mutual Energy Limited
37.6% - Industry AVG
Profitability
an operating margin of 51.9% make it more profitable than the average company (28%)
51.9% - Mutual Energy Limited
28% - Industry AVG
Employees
with 36 employees, this is below the industry average (55)
36 - Mutual Energy Limited
55 - Industry AVG
Pay Structure
on an average salary of £96k, the company has a higher pay structure (£58.2k)
£96k - Mutual Energy Limited
£58.2k - Industry AVG
Efficiency
resulting in sales per employee of £2.9m, this is more efficient (£863.9k)
£2.9m - Mutual Energy Limited
£863.9k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (28 days)
106 days - Mutual Energy Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (30 days)
6 days - Mutual Energy Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (21 days)
0 days - Mutual Energy Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 131 weeks, this is more cash available to meet short term requirements (15 weeks)
131 weeks - Mutual Energy Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.3%, this is a higher level of debt than the average (77.8%)
93.3% - Mutual Energy Limited
77.8% - Industry AVG
mutual energy limited Credit Report and Business Information
Mutual Energy Limited Competitor Analysis
Perform a competitor analysis for mutual energy limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mutual energy limited Ownership
MUTUAL ENERGY LIMITED group structure
Mutual Energy Limited has 5 subsidiary companies.
Ultimate parent company
MUTUAL ENERGY LIMITED
NI053759
5 subsidiaries
mutual energy limited directors
Mutual Energy Limited currently has 8 directors. The longest serving directors include Mr Patrick Larkin (Sep 2007) and Mr Gerard McIlroy (Jan 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Larkin | Northern Ireland | 55 years | Sep 2007 | - | Director |
| Mr Gerard McIlroy | Northern Ireland | 55 years | Jan 2010 | - | Director |
| Mr Patrick Anderson | Northern Ireland | 50 years | Oct 2016 | - | Director |
| Mr Michael McKernan | 64 years | Jan 2018 | - | Director | |
| Mr David Gray | 72 years | Jan 2019 | - | Director | |
| Ms Ceri Richards | England | 65 years | Mar 2020 | - | Director |
| Mr Harold McCracken | United Kingdom | 74 years | Sep 2021 | - | Director |
| Mr Norman McKeown | 66 years | Nov 2023 | - | Director |
MUTUAL ENERGY LIMITED financials
Mutual Energy Limited's latest turnover from March 2023 is £103.5 million and the company has net assets of £50.2 million. According to their latest financial statements, Mutual Energy Limited has 36 employees and maintains cash reserves of £156.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 103,494,000 | 106,603,000 | 78,088,000 | 72,044,000 | 65,306,000 | 63,170,000 | 60,795,000 | 68,097,000 | 57,311,000 | 57,721,000 | 56,441,000 | 31,025,000 | 38,917,000 | 37,067,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 53,746,000 | 54,813,000 | 34,766,000 | 29,041,000 | 29,530,000 | 18,727,000 | 25,513,000 | 24,315,000 | 15,881,000 | 40,938,000 | 25,927,000 | -24,444,000 | 13,232,000 | 12,738,000 |
| Interest Payable | 66,312,000 | 45,389,000 | 23,408,000 | 24,839,000 | 20,443,000 | 19,861,000 | 18,161,000 | 14,258,000 | 15,903,000 | 18,528,000 | 29,754,000 | 29,150,000 | 27,932,000 | 16,623,000 |
| Interest Receivable | 7,072,000 | 428,000 | 1,811,000 | 6,958,000 | 2,359,000 | 2,709,000 | 2,651,000 | 2,095,000 | 612,000 | 1,049,000 | 847,000 | 2,286,000 | 2,771,000 | 2,963,000 |
| Pre-Tax Profit | -5,494,000 | 9,852,000 | 13,169,000 | 11,160,000 | 11,446,000 | 1,575,000 | 10,003,000 | 12,152,000 | 1,528,000 | 29,141,000 | -2,980,000 | -51,308,000 | -11,929,000 | -922,000 |
| Tax | 3,658,000 | -10,122,000 | -2,698,000 | -5,645,000 | -232,000 | -342,000 | -936,000 | 3,248,000 | -3,000 | 951,000 | 3,178,000 | 16,667,000 | 9,339,000 | -640,000 |
| Profit After Tax | -1,836,000 | -270,000 | 10,471,000 | 5,515,000 | 11,214,000 | 1,233,000 | 9,067,000 | 15,400,000 | 1,525,000 | 30,092,000 | 198,000 | -34,641,000 | -2,590,000 | -1,562,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,836,000 | -270,000 | 10,471,000 | 5,515,000 | 11,214,000 | 1,233,000 | 9,067,000 | 15,400,000 | 1,525,000 | 30,092,000 | 198,000 | -34,641,000 | -2,590,000 | -1,562,000 |
| Employee Costs | 3,457,000 | 3,170,000 | 3,067,000 | 2,875,000 | 2,674,000 | 2,480,000 | 2,009,000 | 2,154,000 | 1,915,000 | 1,633,000 | 1,240,000 | 1,066,000 | 1,046,000 | 1,055,000 |
| Number Of Employees | 36 | 32 | 30 | 30 | 29 | 25 | 28 | 28 | 24 | 21 | 16 | 15 | 15 | 11 |
| EBITDA* | 78,260,000 | 81,166,000 | 57,344,000 | 51,136,000 | 49,752,000 | 38,111,000 | 44,701,000 | 126,603,000 | 29,264,000 | 54,300,000 | 39,278,000 | -11,111,000 | 26,561,000 | 26,108,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 342,384,000 | 318,487,000 | 306,522,000 | 309,577,000 | 432,888,000 | 253,025,000 | 248,684,000 | 245,928,000 | 220,330,000 | 222,272,000 | 235,589,000 | 244,512,000 | 250,717,000 | 253,726,000 |
| Intangible Assets | 183,753,000 | 191,774,000 | 199,810,000 | 207,861,000 | 216,048,000 | 140,960,000 | 146,510,000 | 152,060,000 | 157,610,000 | 163,160,000 | 168,710,000 | 174,260,000 | 179,810,000 | 185,359,000 |
| Investments & Other | 214,000 | 398,000 | 399,000 | 2,662,000 | 155,781,000 | 3,576,000 | 5,182,000 | 8,897,000 | 11,076,000 | 11,264,000 | 10,187,000 | 10,436,000 | 7,069,000 | 3,539,000 |
| Debtors (Due After 1 year) | 25,198,000 | 15,848,000 | 7,439,000 | 7,096,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,577,000 | 10,000,000 |
| Total Fixed Assets | 500,939,000 | 494,413,000 | 498,893,000 | 510,342,000 | 648,936,000 | 393,985,000 | 395,194,000 | 397,988,000 | 377,940,000 | 385,432,000 | 404,299,000 | 418,772,000 | 430,527,000 | 439,085,000 |
| Stock & work in progress | 57,000 | 57,000 | 113,000 | 113,000 | 113,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 30,208,000 | 17,269,000 | 6,365,000 | 5,797,000 | 10,601,000 | 10,139,000 | 3,860,000 | 2,852,000 | 815,000 | 4,983,000 | 3,967,000 | 1,211,000 | 2,015,000 | 2,031,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,024,000 | 24,055,000 | 27,213,000 | 19,561,000 | 5,634,000 | 4,414,000 | 6,684,000 | 12,298,000 | 17,495,000 | 10,345,000 | 10,048,000 | 6,280,000 | 6,802,000 | 7,946,000 |
| Cash | 156,585,000 | 143,057,000 | 103,882,000 | 89,322,000 | 109,972,000 | 95,049,000 | 75,548,000 | 64,749,000 | 102,422,000 | 104,693,000 | 78,383,000 | 74,170,000 | 92,830,000 | 92,200,000 |
| misc current assets | 42,719,000 | 44,867,000 | 69,152,000 | 200,994,000 | 46,226,000 | 0 | 13,667,000 | 13,511,000 | 0 | 0 | 0 | 0 | 7,000 | 1,942,000 |
| total current assets | 244,445,000 | 230,250,000 | 206,725,000 | 316,816,000 | 172,546,000 | 109,602,000 | 99,759,000 | 93,410,000 | 120,732,000 | 120,021,000 | 92,398,000 | 81,661,000 | 101,654,000 | 104,119,000 |
| total assets | 745,384,000 | 724,663,000 | 705,618,000 | 827,158,000 | 821,482,000 | 503,587,000 | 494,953,000 | 491,398,000 | 498,672,000 | 505,453,000 | 496,697,000 | 500,433,000 | 532,181,000 | 543,204,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,151,000 | 4,880,000 | 17,289,000 | 6,632,000 | 1,353,000 | 3,082,000 | 628,000 | 2,411,000 | 4,167,000 | 1,530,000 | 1,796,000 | 759,000 | 686,000 | 662,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 23,253,000 | 21,552,000 | 22,530,000 | 24,357,000 | 21,836,000 | 14,812,000 | 14,249,000 | 13,723,000 | 13,346,000 | 12,814,000 | 12,244,000 | 11,805,000 | 10,838,000 | 9,303,000 |
| hp & lease commitments | 347,000 | 364,000 | 0 | 270,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 37,386,000 | 36,121,000 | 23,205,000 | 21,908,000 | 45,702,000 | 13,229,000 | 27,237,000 | 17,771,000 | 18,147,000 | 15,077,000 | 8,853,000 | 13,321,000 | 6,775,000 | 11,773,000 |
| total current liabilities | 62,137,000 | 62,917,000 | 63,024,000 | 53,167,000 | 68,891,000 | 31,123,000 | 42,114,000 | 33,905,000 | 35,660,000 | 29,421,000 | 22,893,000 | 25,885,000 | 18,299,000 | 21,738,000 |
| loans | 1,044,214,000 | 993,804,000 | 982,246,000 | 1,054,205,000 | 499,438,000 | 591,534,000 | 606,890,000 | 623,603,000 | 345,023,000 | 355,130,000 | 683,667,000 | 681,956,000 | 355,708,000 | 349,476,000 |
| hp & lease commitments | 6,306,000 | 5,269,000 | 0 | 5,362,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 123,950,000 | 121,713,000 | 31,848,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 109,578,000 | 108,688,000 | 84,396,000 | 87,444,000 | 81,158,000 | 82,666,000 | 85,164,000 | 90,794,000 | 100,810,000 | 104,270,000 | 123,628,000 | 132,194,000 | 145,876,000 | 162,912,000 |
| total long term liabilities | 632,998,000 | 609,661,000 | 590,239,000 | 732,107,000 | 661,730,000 | 389,408,000 | 367,607,000 | 377,919,000 | 395,428,000 | 407,265,000 | 428,427,000 | 426,661,000 | 428,646,000 | 430,932,000 |
| total liabilities | 695,135,000 | 672,578,000 | 653,263,000 | 785,274,000 | 730,621,000 | 420,531,000 | 409,721,000 | 411,824,000 | 431,088,000 | 436,686,000 | 451,320,000 | 452,546,000 | 446,945,000 | 452,670,000 |
| net assets | 50,249,000 | 52,085,000 | 52,355,000 | 41,884,000 | 90,861,000 | 83,056,000 | 85,232,000 | 79,574,000 | 67,584,000 | 68,767,000 | 45,377,000 | 47,887,000 | 85,236,000 | 90,534,000 |
| total shareholders funds | 50,249,000 | 52,085,000 | 52,355,000 | 41,884,000 | 90,861,000 | 83,056,000 | 85,232,000 | 79,574,000 | 67,584,000 | 68,767,000 | 45,377,000 | 47,887,000 | 85,236,000 | 90,534,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 53,746,000 | 54,813,000 | 34,766,000 | 29,041,000 | 29,530,000 | 18,727,000 | 25,513,000 | 24,315,000 | 15,881,000 | 40,938,000 | 25,927,000 | -24,444,000 | 13,232,000 | 12,738,000 |
| Depreciation | 21,527,000 | 22,859,000 | 14,527,000 | 14,031,000 | 13,038,000 | 13,834,000 | 13,638,000 | 77,709,000 | 7,833,000 | 7,812,000 | 7,801,000 | 7,783,000 | 7,780,000 | 7,820,000 |
| Amortisation | 2,987,000 | 3,494,000 | 8,051,000 | 8,064,000 | 7,184,000 | 5,550,000 | 5,550,000 | 24,579,000 | 5,550,000 | 5,550,000 | 5,550,000 | 5,550,000 | 5,549,000 | 5,550,000 |
| Tax | 3,658,000 | -10,122,000 | -2,698,000 | -5,645,000 | -232,000 | -342,000 | -936,000 | 3,248,000 | -3,000 | 951,000 | 3,178,000 | 16,667,000 | 9,339,000 | -640,000 |
| Stock | 0 | -56,000 | 0 | 0 | 113,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,258,000 | 16,155,000 | 8,563,000 | 16,219,000 | 1,682,000 | 4,009,000 | -4,606,000 | -3,160,000 | 2,982,000 | 1,313,000 | 6,524,000 | -11,903,000 | -583,000 | 19,977,000 |
| Creditors | -3,729,000 | -12,409,000 | 10,657,000 | 5,279,000 | -1,729,000 | 2,454,000 | -1,783,000 | -1,756,000 | 2,637,000 | -266,000 | 1,037,000 | 73,000 | 24,000 | 662,000 |
| Accruals and Deferred Income | 1,265,000 | 12,916,000 | 1,297,000 | -23,794,000 | 32,473,000 | -14,008,000 | 9,466,000 | -376,000 | 3,070,000 | 6,224,000 | -4,468,000 | 6,546,000 | -4,998,000 | 11,773,000 |
| Deferred Taxes & Provisions | 890,000 | 24,292,000 | -3,048,000 | 6,286,000 | -1,508,000 | -2,498,000 | -5,630,000 | -10,016,000 | -3,460,000 | -19,358,000 | -8,566,000 | -13,682,000 | -17,036,000 | 162,912,000 |
| Cash flow from operations | 68,086,000 | 79,744,000 | 54,989,000 | 17,043,000 | 76,961,000 | 19,708,000 | 50,424,000 | 120,863,000 | 28,526,000 | 40,538,000 | 23,935,000 | 10,396,000 | 14,473,000 | 180,838,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -184,000 | -1,000 | -2,263,000 | -153,119,000 | 152,205,000 | -1,606,000 | -3,715,000 | -2,179,000 | -188,000 | 1,077,000 | -249,000 | 3,367,000 | 3,530,000 | 3,539,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,701,000 | -978,000 | -1,827,000 | 2,521,000 | 7,024,000 | 563,000 | 526,000 | 377,000 | 532,000 | 570,000 | 439,000 | 967,000 | 1,535,000 | 9,303,000 |
| Long term loans | 50,410,000 | 11,558,000 | -71,959,000 | 554,767,000 | -92,096,000 | -15,356,000 | -16,713,000 | 278,580,000 | -10,107,000 | -328,537,000 | 1,711,000 | 326,248,000 | 6,232,000 | 349,476,000 |
| Hire Purchase and Lease Commitments | 1,020,000 | 5,633,000 | -5,632,000 | 5,632,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -123,950,000 | 2,237,000 | 89,865,000 | 31,848,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -59,240,000 | -44,961,000 | -21,597,000 | -17,881,000 | -18,084,000 | -17,152,000 | -15,510,000 | -12,163,000 | -15,291,000 | -17,479,000 | -28,907,000 | -26,864,000 | -25,161,000 | -13,660,000 |
| cash flow from financing | -6,109,000 | -28,748,000 | -224,965,000 | 492,784,000 | -16,700,000 | -3,506,000 | -35,106,000 | 263,384,000 | -27,574,000 | -352,148,000 | -29,465,000 | 297,643,000 | -20,102,000 | 437,215,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 13,528,000 | 39,175,000 | 14,560,000 | -20,650,000 | 14,923,000 | 19,501,000 | 10,799,000 | -37,673,000 | -2,271,000 | 26,310,000 | 4,213,000 | -18,660,000 | 630,000 | 92,200,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 13,528,000 | 39,175,000 | 14,560,000 | -20,650,000 | 14,923,000 | 19,501,000 | 10,799,000 | -37,673,000 | -2,271,000 | 26,310,000 | 4,213,000 | -18,660,000 | 630,000 | 92,200,000 |
P&L
March 2023turnover
103.5m
-3%
operating profit
53.7m
-2%
gross margin
37.6%
+1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
50.2m
-0.04%
total assets
745.4m
+0.03%
cash
156.6m
+0.09%
net assets
Total assets minus all liabilities
mutual energy limited company details
company number
NI053759
Type
Private Ltd By Guarantee w/o Share Cap
industry
35220 - Distribution of gaseous fuels through mains
35120 - Transmission of electricity
70100 - Activities of head offices
incorporation date
January 2005
age
19
accounts
Group
ultimate parent company
previous names
northern ireland energy holdings limited (January 2010)
incorporated
UK
address
first floor, the arena building, 85 ormeau road, belfast, BT7 1SH
last accounts submitted
March 2023
mutual energy 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 mutual energy limited.
mutual energy limited Companies House Filings - See Documents
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