electrotech drives ltd Company Information
Company Number
NI623859
Website
www.electrotechdrives.co.ukRegistered 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
View All
Shareholders
jpecc holdings ltd 100%
electrotech drives ltd Estimated Valuation
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
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
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).
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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
7 Strong
3 Regular
2 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£16.6m)
- Electrotech Drives Ltd
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.5%)
- Electrotech Drives Ltd
4.5% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)
- Electrotech Drives Ltd
28.2% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (5.3%)
- Electrotech Drives Ltd
5.3% - Industry AVG
Employees
with 5 employees, this is below the industry average (39)
5 - Electrotech Drives Ltd
39 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
- Electrotech Drives Ltd
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £461.4k, this is more efficient (£356.7k)
- Electrotech Drives Ltd
£356.7k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is near the average (65 days)
- Electrotech Drives Ltd
65 days - Industry AVG
Creditor Days
its suppliers are paid after 110 days, this is slower than average (31 days)
- Electrotech Drives Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is less than average (80 days)
- Electrotech Drives Ltd
80 days - Industry AVG
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
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
Electrotech Drives Ltd Competitor Analysis
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.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Hughes | Northern Ireland | 47 years | Apr 2014 | - | Director |
Ms Julie Hughes | Northern Ireland | 49 years | Apr 2014 | - | Director |
ELECTROTECH DRIVES LTD financials
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
---|---|---|---|---|---|---|---|---|---|
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 | 5 | 4 | 4 | 4 | |||||
EBITDA* |
* 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 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 487,255 | 429,771 | 377,125 | 74,712 | 78,301 | 73,093 | 62,688 | 51,673 | 33,837 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 487,255 | 429,771 | 377,125 | 74,712 | 78,301 | 73,093 | 62,688 | 51,673 | 33,837 |
Stock & work in progress | 198,564 | 185,500 | 129,500 | 191,650 | 176,453 | 181,835 | 127,025 | 102,440 | 29,445 |
Trade Debtors | 454,154 | 346,471 | 330,310 | 273,385 | 212,891 | 210,456 | 170,552 | 118,600 | 98,711 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 5,789 | 9,145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 534,263 | 265,052 | 252,623 | 228,146 | 152,218 | 112,032 | 77,369 | 68,819 | 72,701 |
misc current assets | 0 | 4,972 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,192,770 | 811,140 | 712,433 | 693,181 | 541,562 | 504,323 | 374,946 | 289,859 | 200,857 |
total assets | 1,680,025 | 1,240,911 | 1,089,558 | 767,893 | 619,863 | 577,416 | 437,634 | 341,532 | 234,694 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 503,172 | 346,087 | 371,141 | 295,604 | 260,480 | 325,111 | 202,049 | 258,774 | 183,301 |
Group/Directors Accounts | 6,492 | 6,492 | 0 | 0 | 0 | 0 | 35,722 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 8,325 | 0 | 0 |
other current liabilities | 56,567 | 32,350 | 0 | 0 | 0 | 0 | 28,535 | 0 | 0 |
total current liabilities | 566,231 | 384,929 | 371,141 | 295,604 | 260,480 | 325,111 | 274,631 | 258,774 | 183,301 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 566,231 | 384,929 | 371,141 | 295,604 | 260,480 | 325,111 | 274,631 | 258,774 | 183,301 |
net assets | 1,113,794 | 855,982 | 718,417 | 472,289 | 359,383 | 252,305 | 163,003 | 82,758 | 51,393 |
total shareholders funds | 1,113,794 | 855,982 | 718,417 | 472,289 | 359,383 | 252,305 | 163,003 | 82,758 | 51,393 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | |||||||||
Depreciation | 27,361 | 36,096 | 16,361 | 15,159 | 13,016 | 11,555 | 11,266 | 10,091 | 11,279 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||
Stock | 13,064 | 56,000 | -62,150 | 15,197 | -5,382 | 54,810 | 24,585 | 72,995 | 29,445 |
Debtors | 104,327 | 25,306 | 56,925 | 60,494 | 2,435 | 39,904 | 51,952 | 19,889 | 98,711 |
Creditors | 157,085 | -25,054 | 75,537 | 35,124 | -64,631 | 123,062 | -56,725 | 75,473 | 183,301 |
Accruals and Deferred Income | 24,217 | 32,350 | 0 | 0 | 0 | -28,535 | 28,535 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||
Investing Activities | |||||||||
capital expenditure | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||
Financing Activities | |||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 6,492 | 0 | 0 | 0 | -35,722 | 35,722 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -8,325 | 8,325 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||
interest | |||||||||
cash flow from financing | |||||||||
cash and cash equivalents | |||||||||
cash | 269,211 | 12,429 | 24,477 | 75,928 | 40,186 | 34,663 | 8,550 | -3,882 | 72,701 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 269,211 | 12,429 | 24,477 | 75,928 | 40,186 | 34,663 | 8,550 | -3,882 | 72,701 |
P&L
March 2023turnover
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 2023net 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.
electrotech drives ltd Companies House Filings - See Documents
date | description | view/download |
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