electrotech drives ltd

5

electrotech drives ltd Company Information

Share ELECTROTECH DRIVES LTD
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EstablishedSmallHealthy

Company Number

NI623859

Registered Address

the old pottery, 91 ballynakilly road, coalisland, co tyrone, BT71 6HD

Industry

Wholesale of other machinery and equipment

 

Telephone

-

Next Accounts Due

December 2024

Group Structure

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Directors

Paul Hughes9 Years

Julie Hughes9 Years

Shareholders

jpecc holdings ltd 100%

electrotech drives ltd Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of ELECTROTECH DRIVES LTD at £1.3m based on a Turnover of £2.3m and 0.55x industry multiple (adjusted for size and gross margin).

electrotech drives ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of ELECTROTECH DRIVES LTD at £1.7m based on an EBITDA of £328.7k and a 5.3x industry multiple (adjusted for size and gross margin).

electrotech drives ltd Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of ELECTROTECH DRIVES LTD at £3.4m based on Net Assets of £1.1m and 3.07x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Electrotech Drives Ltd Overview

Electrotech Drives Ltd is a live company located in coalisland, BT71 6HD with a Companies House number of NI623859. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in April 2014, it's largest shareholder is jpecc holdings ltd with a 100% stake. Electrotech Drives Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.3m with healthy growth in recent years.

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Electrotech Drives Ltd Health Check

Pomanda's financial health check has awarded Electrotech Drives Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£16.6m)

£2.3m - Electrotech Drives Ltd

£16.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.5%)

14% - Electrotech Drives Ltd

4.5% - Industry AVG

production

Production

with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)

28.2% - Electrotech Drives Ltd

28.2% - Industry AVG

profitability

Profitability

an operating margin of 13.1% make it more profitable than the average company (5.3%)

13.1% - Electrotech Drives Ltd

5.3% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (39)

5 - Electrotech Drives Ltd

39 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)

£47.4k - Electrotech Drives Ltd

£47.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £461.4k, this is more efficient (£356.7k)

£461.4k - Electrotech Drives Ltd

£356.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is near the average (65 days)

71 days - Electrotech Drives Ltd

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 110 days, this is slower than average (31 days)

110 days - Electrotech Drives Ltd

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 43 days, this is less than average (80 days)

43 days - Electrotech Drives Ltd

80 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (13 weeks)

49 weeks - Electrotech Drives Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33.7%, this is a lower level of debt than the average (53.6%)

33.7% - Electrotech Drives Ltd

53.6% - Industry AVG

electrotech drives 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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Electrotech Drives Ltd Competitor Analysis

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Perform a competitor analysis for electrotech drives ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

electrotech drives ltd Ownership

ELECTROTECH DRIVES LTD group structure

Electrotech Drives Ltd has no subsidiary companies.

Ultimate parent company

1 parent

ELECTROTECH DRIVES LTD

NI623859

ELECTROTECH DRIVES LTD Shareholders

jpecc holdings ltd 100%

electrotech drives ltd directors

Electrotech Drives Ltd currently has 2 directors. The longest serving directors include Mr Paul Hughes (Apr 2014) and Ms Julie Hughes (Apr 2014).

officercountryagestartendrole
Mr Paul HughesNorthern Ireland47 years Apr 2014- Director
Ms Julie HughesNorthern Ireland49 years Apr 2014- Director

ELECTROTECH DRIVES LTD financials

EXPORTms excel logo

Electrotech Drives Ltd's latest turnover from March 2023 is estimated at £2.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Electrotech Drives Ltd has 5 employees and maintains cash reserves of £534.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover2,307,2191,646,9711,649,9431,547,8041,265,0031,389,753994,262931,271623,597
Other Income Or Grants000000000
Cost Of Sales1,656,2251,185,7781,186,6361,116,099910,4821,017,666717,722660,927444,810
Gross Profit650,994461,193463,307431,705354,521372,086276,540270,344178,787
Admin Expenses349,693293,301159,686292,505223,317262,310176,416231,492113,917
Operating Profit301,301167,892303,621139,200131,204109,776100,12438,85264,870
Interest Payable000000000
Interest Receivable16,9851,941240190991474183354182
Pre-Tax Profit318,286169,833303,862139,390132,195110,249100,30639,20665,052
Tax-60,474-32,268-57,734-26,484-25,117-20,947-20,061-7,841-13,661
Profit After Tax257,812137,565246,128112,906107,07889,30280,24531,36551,391
Dividends Paid000000000
Retained Profit257,812137,565246,128112,906107,07889,30280,24531,36551,391
Employee Costs237,049186,733183,677183,473220,258210,603158,636160,292119,908
Number Of Employees544455443
EBITDA*328,662203,988319,982154,359144,220121,331111,39048,94376,149

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets487,255429,771377,12574,71278,30173,09362,68851,67333,837
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets487,255429,771377,12574,71278,30173,09362,68851,67333,837
Stock & work in progress198,564185,500129,500191,650176,453181,835127,025102,44029,445
Trade Debtors454,154346,471330,310273,385212,891210,456170,552118,60098,711
Group Debtors000000000
Misc Debtors5,7899,1450000000
Cash534,263265,052252,623228,146152,218112,03277,36968,81972,701
misc current assets04,9720000000
total current assets1,192,770811,140712,433693,181541,562504,323374,946289,859200,857
total assets1,680,0251,240,9111,089,558767,893619,863577,416437,634341,532234,694
Bank overdraft000000000
Bank loan000000000
Trade Creditors 503,172346,087371,141295,604260,480325,111202,049258,774183,301
Group/Directors Accounts6,4926,492000035,72200
other short term finances000000000
hp & lease commitments0000008,32500
other current liabilities56,56732,350000028,53500
total current liabilities566,231384,929371,141295,604260,480325,111274,631258,774183,301
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions000000000
total long term liabilities000000000
total liabilities566,231384,929371,141295,604260,480325,111274,631258,774183,301
net assets1,113,794855,982718,417472,289359,383252,305163,00382,75851,393
total shareholders funds1,113,794855,982718,417472,289359,383252,305163,00382,75851,393
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit301,301167,892303,621139,200131,204109,776100,12438,85264,870
Depreciation27,36136,09616,36115,15913,01611,55511,26610,09111,279
Amortisation000000000
Tax-60,474-32,268-57,734-26,484-25,117-20,947-20,061-7,841-13,661
Stock13,06456,000-62,15015,197-5,38254,81024,58572,99529,445
Debtors104,32725,30656,92560,4942,43539,90451,95219,88998,711
Creditors157,085-25,05475,53735,124-64,631123,062-56,72575,473183,301
Accruals and Deferred Income24,21732,350000-28,53528,53500
Deferred Taxes & Provisions000000000
Cash flow from operations332,09997,710343,01087,30857,419100,197-13,39823,691117,633
Investing Activities
capital expenditure-84,845-88,742-318,774-11,570-18,224-21,960-22,281-27,927-45,116
Change in Investments000000000
cash flow from investments-84,845-88,742-318,774-11,570-18,224-21,960-22,281-27,927-45,116
Financing Activities
Bank loans000000000
Group/Directors Accounts06,492000-35,72235,72200
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments00000-8,3258,32500
other long term liabilities000000000
share issue000000002
interest16,9851,941240190991474183354182
cash flow from financing16,9858,433240190991-43,57344,230354184
cash and cash equivalents
cash269,21112,42924,47775,92840,18634,6638,550-3,88272,701
overdraft000000000
change in cash269,21112,42924,47775,92840,18634,6638,550-3,88272,701

P&L

March 2023

turnover

2.3m

+40%

operating profit

301.3k

0%

gross margin

28.3%

+0.76%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.3%

total assets

1.7m

+0.35%

cash

534.3k

+1.02%

net assets

Total assets minus all liabilities

electrotech drives ltd company details

company number

NI623859

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

April 2014

age

10

accounts

Total Exemption Full

ultimate parent company

previous names

N/A

incorporated

UK

address

the old pottery, 91 ballynakilly road, coalisland, co tyrone, BT71 6HD

last accounts submitted

March 2023

electrotech drives 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 electrotech drives ltd.

charges

electrotech drives ltd Companies House Filings - See Documents

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