simple power no.1 limited
simple power no.1 limited Company Information
Company Number
NI630525
Next Accounts
Sep 2025
Shareholders
simple power limited
Group Structure
View All
Industry
Production of electricity
Registered Address
c/o pinsent masons llp, the soloist, belfast, BT1 3LP
Website
http://simplepower.cosimple power no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLE POWER NO.1 LIMITED at £21.7m based on a Turnover of £10.2m and 2.13x industry multiple (adjusted for size and gross margin).
simple power no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLE POWER NO.1 LIMITED at £42.8m based on an EBITDA of £7.1m and a 6.05x industry multiple (adjusted for size and gross margin).
simple power no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of SIMPLE POWER NO.1 LIMITED at £36.2m based on Net Assets of £13.8m and 2.63x industry multiple (adjusted for liquidity).
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Simple Power No.1 Limited Overview
Simple Power No.1 Limited is a live company located in belfast, BT1 3LP with a Companies House number of NI630525. It operates in the production of electricity sector, SIC Code 35110. Founded in April 2015, it's largest shareholder is simple power limited with a 100% stake. Simple Power No.1 Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.2m with healthy growth in recent years.
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Simple Power No.1 Limited Health Check
Pomanda's financial health check has awarded Simple Power No.1 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 0 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
0 Weak
Size
annual sales of £10.2m, make it larger than the average company (£1.8m)
£10.2m - Simple Power No.1 Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (10.8%)
13% - Simple Power No.1 Limited
10.8% - Industry AVG
Production
with a gross margin of 71%, this company has a comparable cost of product (71%)
71% - Simple Power No.1 Limited
71% - Industry AVG
Profitability
an operating margin of 49.7% make it as profitable than the average company (51.1%)
49.7% - Simple Power No.1 Limited
51.1% - Industry AVG
Employees
with 23 employees, this is above the industry average (3)
- Simple Power No.1 Limited
3 - Industry AVG
Pay Structure
on an average salary of £78.6k, the company has an equivalent pay structure (£78.6k)
- Simple Power No.1 Limited
£78.6k - Industry AVG
Efficiency
resulting in sales per employee of £442.6k, this is equally as efficient (£449.7k)
- Simple Power No.1 Limited
£449.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Simple Power No.1 Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (21 days)
35 days - Simple Power No.1 Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Simple Power No.1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (9 weeks)
10 weeks - Simple Power No.1 Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.9%, this is a lower level of debt than the average (90%)
60.9% - Simple Power No.1 Limited
90% - Industry AVG
SIMPLE POWER NO.1 LIMITED financials
Simple Power No.1 Limited's latest turnover from December 2023 is £10.2 million and the company has net assets of £13.8 million. According to their latest financial statements, we estimate that Simple Power No.1 Limited has 23 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 10,179,647 | 11,944,556 | 7,806,903 | 6,982,075 | 7,804,473 | |||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 2,580,556 | 2,818,796 | 1,791,315 | |||||
| Gross Profit | 5,226,347 | 4,163,279 | 6,013,158 | |||||
| Admin Expenses | 3,184,426 | 2,478,684 | 2,569,169 | |||||
| Operating Profit | 2,041,921 | 1,684,595 | 3,443,989 | |||||
| Interest Payable | 1,182,801 | 1,297,878 | 1,502,937 | |||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | 4,584,374 | 6,642,264 | 859,120 | 386,717 | 1,941,052 | |||
| Tax | -1,222,926 | -17,463 | 31,009 | |||||
| Profit After Tax | 3,361,448 | 6,624,801 | 859,120 | 417,726 | 1,941,052 | |||
| Dividends Paid | ||||||||
| Retained Profit | 3,361,448 | 6,624,801 | 859,120 | 417,726 | 1,941,052 | |||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* | 4,075,216 | 3,708,076 | 5,434,656 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,385,294 | 28,630,029 | 30,524,105 | 32,214,790 | 33,551,503 | 35,485,391 | 31,846,926 | 8,098,576 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 27,385,294 | 28,630,029 | 30,524,105 | 32,214,790 | 33,551,503 | 35,485,391 | 31,846,926 | 8,098,576 |
| Stock & work in progress | 259,250 | |||||||
| Trade Debtors | 3,229,417 | 48,491 | 241,610 | |||||
| Group Debtors | 1,313,507 | 1,313,507 | 1,313,507 | 1,313,507 | 1,313,507 | |||
| Misc Debtors | 3,472,229 | 3,218,799 | 2,967,437 | 2,487,472 | 2,901,592 | 155,920 | 1,650,332 | 1,221,922 |
| Cash | 3,069,033 | 1,722,106 | 1,216,777 | 1,820,232 | 296,928 | 1,729,430 | 7,703,867 | 1,011,006 |
| misc current assets | ||||||||
| total current assets | 7,854,769 | 6,254,412 | 5,497,721 | 5,621,211 | 4,512,027 | 5,374,017 | 9,402,690 | 2,474,538 |
| total assets | 35,240,063 | 34,884,441 | 36,021,826 | 37,836,001 | 38,063,530 | 40,859,408 | 41,249,616 | 10,573,114 |
| Bank overdraft | 1,022,400 | 244,883 | ||||||
| Bank loan | ||||||||
| Trade Creditors | 286,334 | 9,258 | 82,140 | 170,743 | 261,939 | 175,190 | 132,483 | 317 |
| Group/Directors Accounts | 14,516,408 | 14,511,442 | 14,507,509 | 14,810,776 | 14,499,091 | |||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 472,092 | 587,038 | 459,778 | 193,177 | 13,777 | 14,914,322 | 17,180,692 | 3,639,134 |
| total current liabilities | 15,274,834 | 15,107,738 | 15,049,427 | 15,174,696 | 14,774,807 | 15,089,512 | 18,335,575 | 3,884,334 |
| loans | 4,035,130 | 8,378,690 | 15,847,808 | 18,772,690 | 20,480,264 | 24,902,489 | 23,589,829 | 7,140,320 |
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 2,144,827 | 974,189 | 1,325,568 | 858,741 | 31,009 | 31,009 | 29,084 | 150,206 |
| total long term liabilities | 6,179,957 | 9,352,879 | 17,173,376 | 19,631,431 | 20,511,273 | 24,933,498 | 23,618,913 | 7,290,526 |
| total liabilities | 21,454,791 | 24,460,617 | 32,222,803 | 34,806,127 | 35,286,080 | 40,023,010 | 41,954,488 | 11,174,860 |
| net assets | 13,785,272 | 10,423,824 | 3,799,023 | 3,029,874 | 2,777,450 | 836,398 | -704,872 | -601,746 |
| total shareholders funds | 13,785,272 | 10,423,824 | 3,799,023 | 3,029,874 | 2,777,450 | 836,398 | -704,872 | -601,746 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,041,921 | 1,684,595 | 3,443,989 | |||||
| Depreciation | 2,018,168 | 1,916,114 | 2,033,295 | 2,023,481 | 1,990,667 | 753,330 | 200,996 | |
| Amortisation | ||||||||
| Tax | -1,222,926 | -17,463 | 31,009 | |||||
| Stock | -259,250 | 259,250 | ||||||
| Debtors | 253,430 | 251,362 | 479,965 | -414,120 | 829,762 | 1,686,514 | 235,291 | 1,463,532 |
| Creditors | 277,076 | -72,882 | -88,603 | -91,196 | 86,749 | 42,707 | 132,166 | 317 |
| Accruals and Deferred Income | -114,946 | 127,260 | 266,601 | 179,400 | -14,900,545 | -2,266,370 | 13,541,558 | 3,639,134 |
| Deferred Taxes & Provisions | 1,170,638 | -351,379 | 466,827 | 827,732 | 1,925 | -121,122 | 150,206 | |
| Cash flow from operations | 4,240,076 | 5,069,141 | -9,949,652 | |||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 4,966 | 3,933 | -303,267 | 311,685 | 14,499,091 | |||
| Other Short Term Loans | ||||||||
| Long term loans | -4,343,560 | -7,469,118 | -2,924,882 | -1,707,574 | -4,422,225 | 1,312,660 | 16,449,509 | 7,140,320 |
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -1,182,801 | -1,297,878 | -1,502,937 | |||||
| cash flow from financing | -4,338,594 | -7,465,185 | -4,500,921 | -2,859,069 | 8,573,929 | |||
| cash and cash equivalents | ||||||||
| cash | 1,346,927 | 505,329 | -603,455 | 1,523,304 | -1,432,502 | -5,974,437 | 6,692,861 | 1,011,006 |
| overdraft | -1,022,400 | 777,517 | 244,883 | |||||
| change in cash | 1,346,927 | 505,329 | -603,455 | 1,523,304 | -1,432,502 | -4,952,037 | 5,915,344 | 766,123 |
simple power no.1 limited Credit Report and Business Information
Simple Power No.1 Limited Competitor Analysis
Perform a competitor analysis for simple power no.1 limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in BT1 area or any other competitors across 12 key performance metrics.
simple power no.1 limited Ownership
SIMPLE POWER NO.1 LIMITED group structure
Simple Power No.1 Limited has no subsidiary companies.
Ultimate parent company
2 parents
SIMPLE POWER NO.1 LIMITED
NI630525
simple power no.1 limited directors
Simple Power No.1 Limited currently has 3 directors. The longest serving directors include Mr Hugh Unwin (Feb 2022) and Mr Hugh Unwin (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hugh Unwin | United Kingdom | 52 years | Feb 2022 | - | Director |
| Mr Hugh Unwin | England | 52 years | Feb 2022 | - | Director |
| Mr Thomas Byrne | England | 34 years | Aug 2024 | - | Director |
P&L
December 2023turnover
10.2m
-15%
operating profit
5.1m
0%
gross margin
71.1%
+1.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.8m
+0.32%
total assets
35.2m
+0.01%
cash
3.1m
+0.78%
net assets
Total assets minus all liabilities
simple power no.1 limited company details
company number
NI630525
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
April 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GILROY GANNON
address
c/o pinsent masons llp, the soloist, belfast, BT1 3LP
Bank
-
Legal Advisor
-
simple power no.1 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 simple power no.1 limited.
simple power no.1 limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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simple power no.1 limited Companies House Filings - See Documents
| date | description | view/download |
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