myroe energy ltd
myroe energy ltd Company Information
Company Number
NI615946
Website
-Registered Address
37 dargan road, belfast, BT3 9LZ
Industry
Production of electricity
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
acp i shareco limited 100%
myroe energy ltd Estimated Valuation
Pomanda estimates the enterprise value of MYROE ENERGY LTD at £2.7m based on a Turnover of £1.4m and 1.93x industry multiple (adjusted for size and gross margin).
myroe energy ltd Estimated Valuation
Pomanda estimates the enterprise value of MYROE ENERGY LTD at £5.7m based on an EBITDA of £1.1m and a 5.4x industry multiple (adjusted for size and gross margin).
myroe energy ltd Estimated Valuation
Pomanda estimates the enterprise value of MYROE ENERGY LTD at £8m based on Net Assets of £2.8m and 2.88x industry multiple (adjusted for liquidity).
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Myroe Energy Ltd Overview
Myroe Energy Ltd is a live company located in belfast, BT3 9LZ with a Companies House number of NI615946. It operates in the production of electricity sector, SIC Code 35110. Founded in December 2012, it's largest shareholder is acp i shareco limited with a 100% stake. Myroe Energy Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.
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Myroe Energy Ltd Health Check
Pomanda's financial health check has awarded Myroe Energy Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
0 Weak
Size
annual sales of £1.4m, make it in line with the average company (£1.3m)
£1.4m - Myroe Energy Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.7%)
16% - Myroe Energy Ltd
6.7% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (71.4%)
100% - Myroe Energy Ltd
71.4% - Industry AVG
Profitability
an operating margin of 60.7% make it more profitable than the average company (47.5%)
60.7% - Myroe Energy Ltd
47.5% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Myroe Energy Ltd
3 - Industry AVG
Pay Structure
on an average salary of £64.5k, the company has an equivalent pay structure (£64.5k)
- Myroe Energy Ltd
£64.5k - Industry AVG
Efficiency
resulting in sales per employee of £460k, this is more efficient (£314k)
£460k - Myroe Energy Ltd
£314k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Myroe Energy Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Myroe Energy Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Myroe Energy Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (10 weeks)
46 weeks - Myroe Energy Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.2%, this is a lower level of debt than the average (91.8%)
19.2% - Myroe Energy Ltd
91.8% - Industry AVG
MYROE ENERGY LTD financials
Myroe Energy Ltd's latest turnover from January 2023 is £1.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Myroe Energy Ltd has 3 employees and maintains cash reserves of £190.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,379,895 | 1,054,209 | 885,446 | 890,716 | 875,144 | 701,286 | 433,634 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Gross Profit | 1,379,895 | 1,054,209 | 885,446 | 890,716 | 875,144 | 701,286 | ||||
| Admin Expenses | 541,878 | 529,250 | 476,026 | 469,792 | 593,476 | 537,857 | ||||
| Operating Profit | 838,017 | 524,959 | 409,420 | 420,924 | 281,668 | 163,429 | 31,806 | |||
| Interest Payable | 0 | 0 | 0 | 388,047 | 0 | 0 | ||||
| Interest Receivable | 0 | 0 | 56 | 217,779 | 0 | 0 | ||||
| Pre-Tax Profit | 838,017 | 524,959 | 409,476 | 250,656 | 88,417 | 163,429 | 31,806 | |||
| Tax | -208,591 | -155,794 | -76,964 | -11,472 | -12,790 | -114,793 | 337,522 | |||
| Profit After Tax | 629,426 | 369,165 | 332,512 | 239,184 | 75,627 | 48,636 | 369,328 | |||
| Dividends Paid | 1,512,826 | 570,000 | 783,613 | 500,000 | 0 | 0 | 0 | |||
| Retained Profit | -883,400 | -200,835 | -451,101 | -260,816 | 75,627 | 48,636 | 369,328 | |||
| Employee Costs | 0 | 0 | ||||||||
| Number Of Employees | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 1 | ||
| EBITDA* | 1,055,032 | 741,975 | 626,436 | 637,940 | 498,647 | 344,596 | 163,743 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,921,099 | 3,138,114 | 3,355,130 | 3,572,146 | 10,149,979 | 4,006,009 | 4,194,773 | 3,678,855 | 3,298,440 | 4,528 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | -19,511 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 19,511 | 134,304 | 0 | 0 | 0 |
| Total Fixed Assets | 2,921,099 | 3,138,114 | 3,355,130 | 3,572,146 | 10,149,979 | 4,006,009 | 4,329,077 | 3,678,855 | 3,298,440 | 4,528 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,831 | 645,292 | 7,839 |
| Group Debtors | 0 | 302,826 | 180,635 | 180,635 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 317,628 | 310,679 | 261,361 | 245,737 | 0 | 312,760 | 215,951 | 35,791 | 0 | 0 |
| Cash | 190,205 | 328,583 | 320,836 | 390,612 | 990,278 | 249,082 | 306,431 | 568,730 | 659,768 | 3,430,879 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 507,833 | 942,088 | 762,832 | 816,984 | 4,250,793 | 581,353 | 522,382 | 654,352 | 1,305,060 | 3,438,718 |
| total assets | 3,428,932 | 4,080,202 | 4,117,962 | 4,389,130 | 14,400,772 | 4,587,362 | 4,851,459 | 4,333,207 | 4,603,500 | 3,443,246 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,763 | 7,928 | 45,786 | 723 | 3,155 | 6,035 | 385,935 | 42,209 | 203,178 | 3,171 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 1,096,512 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 205,139 | 181,433 | 136,294 | 78,388 | 0 | 90,880 | 23,713 | 15,297 | 0 | 0 |
| total current liabilities | 212,902 | 189,361 | 182,080 | 79,111 | 1,214,688 | 96,915 | 409,648 | 57,506 | 203,178 | 3,171 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 446,100 | 237,509 | 81,715 | 4,751 | 0 | 0 | 0 | 203,218 | 124,506 | 906 |
| total long term liabilities | 446,100 | 237,509 | 81,715 | 4,751 | 8,620,000 | 0 | 0 | 203,218 | 124,506 | 906 |
| total liabilities | 659,002 | 426,870 | 263,795 | 83,862 | 9,834,688 | 96,915 | 409,648 | 260,724 | 327,684 | 4,077 |
| net assets | 2,769,930 | 3,653,332 | 3,854,167 | 4,305,268 | 4,566,084 | 4,490,447 | 4,441,811 | 4,072,483 | 4,275,816 | 3,439,169 |
| total shareholders funds | 2,769,930 | 3,653,332 | 3,854,167 | 4,305,268 | 4,566,084 | 4,490,447 | 4,441,811 | 4,072,483 | 4,275,816 | 3,439,169 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 838,017 | 524,959 | 409,420 | 420,924 | 281,668 | 163,429 | 31,806 | |||
| Depreciation | 217,015 | 217,016 | 217,016 | 217,016 | 216,979 | 181,167 | 131,937 | 21,361 | 236 | 197 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -208,591 | -155,794 | -76,964 | -11,472 | -12,790 | -114,793 | 337,522 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -295,877 | 171,509 | 15,624 | 426,372 | -332,271 | -17,984 | 264,633 | -559,670 | 637,453 | 7,839 |
| Creditors | -165 | -37,858 | 45,063 | -2,432 | -2,880 | -379,900 | 343,726 | -160,969 | 200,007 | 3,171 |
| Accruals and Deferred Income | 23,706 | 45,139 | 57,906 | 78,388 | -90,880 | 67,167 | 8,416 | 15,297 | 0 | 0 |
| Deferred Taxes & Provisions | 208,591 | 155,794 | 76,964 | 4,751 | 0 | 0 | -203,218 | 78,712 | 123,600 | 906 |
| Cash flow from operations | 1,374,450 | 577,747 | 713,781 | 280,803 | -64,946 | 385,556 | ||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 19,511 | -19,511 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -1,096,512 | 1,096,512 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 56 | -170,268 | 0 | 0 | ||||
| cash flow from financing | -2 | 0 | 56 | -1,266,780 | 0 | 0 | ||||
| cash and cash equivalents | ||||||||||
| cash | -138,378 | 7,747 | -69,776 | -599,666 | 741,196 | -57,349 | -262,299 | -91,038 | -2,771,111 | 3,430,879 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -138,378 | 7,747 | -69,776 | -599,666 | 741,196 | -57,349 | -262,299 | -91,038 | -2,771,111 | 3,430,879 |
myroe energy ltd Credit Report and Business Information
Myroe Energy Ltd Competitor Analysis
Perform a competitor analysis for myroe energy ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in BT3 area or any other competitors across 12 key performance metrics.
myroe energy ltd Ownership
MYROE ENERGY LTD group structure
Myroe Energy Ltd has no subsidiary companies.
Ultimate parent company
2 parents
MYROE ENERGY LTD
NI615946
myroe energy ltd directors
Myroe Energy Ltd currently has 3 directors. The longest serving directors include Mr David Gudgin (Sep 2017) and Mr Ka Yu (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Gudgin | England | 52 years | Sep 2017 | - | Director |
| Mr Ka Yu | England | 47 years | Sep 2017 | - | Director |
| Mr James Bailey-House | England | 48 years | May 2022 | - | Director |
P&L
January 2023turnover
1.4m
+31%
operating profit
838k
+60%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
2.8m
-0.24%
total assets
3.4m
-0.16%
cash
190.2k
-0.42%
net assets
Total assets minus all liabilities
Similar Companies
myroe energy ltd company details
company number
NI615946
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
December 2012
age
12
accounts
Small Company
ultimate parent company
previous names
myroe sun ltd (March 2013)
incorporated
UK
address
37 dargan road, belfast, BT3 9LZ
last accounts submitted
January 2023
myroe energy 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 found 7 charges/mortgages relating to myroe energy ltd. Currently there are 2 open charges and 5 have been satisfied in the past.
myroe energy ltd Companies House Filings - See Documents
| date | description | view/download |
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