j c e (europe) limited

j c e (europe) limited Company Information

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Company Number

SC111985

Industry

Manufacture of electricity distribution and control apparatus

 

Directors

James Craig

Alison Cox

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Shareholders

sandra craig

james alexander craig

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Group Structure

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Contact

Registered Address

jce house, blackburn business park, woodbur, aberdeen, AB21 0PS

j c e (europe) limited Estimated Valuation

£877.1k

Pomanda estimates the enterprise value of J C E (EUROPE) LIMITED at £877.1k based on a Turnover of £1.3m and 0.68x industry multiple (adjusted for size and gross margin).

j c e (europe) limited Estimated Valuation

£55k

Pomanda estimates the enterprise value of J C E (EUROPE) LIMITED at £55k based on an EBITDA of £12.3k and a 4.48x industry multiple (adjusted for size and gross margin).

j c e (europe) limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of J C E (EUROPE) LIMITED at £2.1m based on Net Assets of £906.2k and 2.34x industry multiple (adjusted for liquidity).

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J C E (europe) Limited Overview

J C E (europe) Limited is a live company located in aberdeen, AB21 0PS with a Companies House number of SC111985. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in June 1988, it's largest shareholder is sandra craig with a 35% stake. J C E (europe) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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J C E (europe) Limited Health Check

Pomanda's financial health check has awarded J C E (Europe) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£19.1m)

£1.3m - J C E (europe) Limited

£19.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (10.4%)

-10% - J C E (europe) Limited

10.4% - Industry AVG

production

Production

with a gross margin of 23.2%, this company has a comparable cost of product (23.2%)

23.2% - J C E (europe) Limited

23.2% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (4.6%)

0.8% - J C E (europe) Limited

4.6% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (82)

13 - J C E (europe) Limited

82 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)

£50.4k - J C E (europe) Limited

£50.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £98.8k, this is less efficient (£238.1k)

£98.8k - J C E (europe) Limited

£238.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 33 days, this is earlier than average (58 days)

33 days - J C E (europe) Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is quicker than average (45 days)

33 days - J C E (europe) Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 48 days, this is less than average (93 days)

48 days - J C E (europe) Limited

93 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 138 weeks, this is more cash available to meet short term requirements (8 weeks)

138 weeks - J C E (europe) Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15.4%, this is a lower level of debt than the average (55.3%)

15.4% - J C E (europe) Limited

55.3% - Industry AVG

J C E (EUROPE) LIMITED financials

EXPORTms excel logo

J C E (Europe) Limited's latest turnover from April 2024 is estimated at £1.3 million and the company has net assets of £906.2 thousand. According to their latest financial statements, J C E (Europe) Limited has 13 employees and maintains cash reserves of £397.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover1,284,0411,011,0641,111,9921,781,1901,795,9572,052,0291,905,2632,239,7192,566,1385,148,2854,165,1444,148,8074,000,3353,608,3923,211,004
Other Income Or Grants000000000000000
Cost Of Sales985,765757,253837,5001,336,5711,339,3231,478,6631,426,5391,634,9071,910,1583,618,2032,983,4243,128,2782,868,2272,630,7332,361,990
Gross Profit298,276253,811274,492444,619456,634573,366478,724604,812655,9791,530,0821,181,7201,020,5291,132,108977,659849,014
Admin Expenses288,211188,176313,957480,101330,243718,346426,350741,215702,1331,430,3481,017,181929,4291,112,377875,789-205,255
Operating Profit10,06565,635-39,465-35,482126,391-144,98052,374-136,403-46,15499,734164,53991,10019,731101,8701,054,269
Interest Payable12,09425,11319,4069,15000000000000
Interest Receivable14,10911,4633,2213712051,7491,5407121,4681,4361,9381,7701,1811,034385
Pre-Tax Profit12,08051,985-55,651-44,261126,596-143,23153,915-135,691-44,686101,170166,47792,87020,912102,9041,054,654
Tax-3,020-12,99600-24,0530-10,24400-20,234-34,960-21,360-5,019-26,755-295,303
Profit After Tax9,06038,989-55,651-44,261102,543-143,23143,671-135,691-44,68680,936131,51771,51015,89376,149759,351
Dividends Paid000000000000000
Retained Profit9,06038,989-55,651-44,261102,543-143,23143,671-135,691-44,68680,936131,51771,51015,89376,149759,351
Employee Costs655,688508,111486,800564,113526,812501,120578,216562,512693,7301,264,095981,429964,955863,047725,364757,120
Number Of Employees131111131313151518332929262325
EBITDA*12,27967,171-37,560-33,114129,489-140,58957,053-129,649-38,068110,102171,58099,22126,723101,8701,063,159

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets11,5577,2758,81110,71612,96816,06118,09622,77529,52937,61528,79829,96825,74632,73840,554
Intangible Assets5,86900000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets17,4267,2758,81110,71612,96816,06118,09622,77529,52937,61528,79829,96825,74632,73840,554
Stock & work in progress130,465111,265133,046138,288142,571157,505141,985141,228189,299250,909249,712262,268204,102254,656220,723
Trade Debtors118,895160,473129,497511,390516,826595,596532,855616,095740,8141,407,9251,121,011985,7341,091,677855,834823,929
Group Debtors0000255,308255,308257,308257,308257,308000000
Misc Debtors406,881918,443682,768267,54612,33212,40712,41927,62213,440000000
Cash397,579139,907399,537459,313283,648126,584339,891276,261293,070294,321280,051495,047212,842259,613154,051
misc current assets000000000000000
total current assets1,053,8201,330,0881,344,8481,376,5371,210,6851,147,4001,284,4581,318,5141,493,9311,953,1551,650,7741,743,0491,508,6211,370,1031,198,703
total assets1,071,2461,337,3631,353,6591,387,2531,223,6531,163,4611,302,5541,341,2891,523,4601,990,7701,679,5721,773,0171,534,3671,402,8411,239,257
Bank overdraft060,00060,000000000000000
Bank loan000000000000000
Trade Creditors 89,817100,879179,443126,171195,947261,971211,454356,918319,860834,870606,621831,730666,090549,783461,338
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities59,160109,57026,02231,90453,86929,65675,53511,60893,890000000
total current liabilities148,977270,449265,465158,075249,816291,627286,989368,526413,750834,870606,621831,730666,090549,783461,338
loans0155,000215,000300,00000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000050000000000
provisions16,07014,77515,04415,37715,77016,31516,81517,68418,94020,44418,43118,28416,78417,45818,468
total long term liabilities16,070169,775230,044315,37715,77516,31516,81517,68418,94020,44418,43118,28416,78417,45818,468
total liabilities165,047440,224495,509473,452265,591307,942303,804386,210432,690855,314625,052850,014682,874567,241479,806
net assets906,199897,139858,150913,801958,062855,519998,750955,0791,090,7701,135,4561,054,520923,003851,493835,600759,451
total shareholders funds906,199897,139858,150913,801958,062855,519998,750955,0791,090,7701,135,4561,054,520923,003851,493835,600759,451
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit10,06565,635-39,465-35,482126,391-144,98052,374-136,403-46,15499,734164,53991,10019,731101,8701,054,269
Depreciation1,3971,5361,9052,3683,0984,3914,6796,7548,08610,3687,0418,1216,99208,890
Amortisation81700000000000000
Tax-3,020-12,99600-24,0530-10,24400-20,234-34,960-21,360-5,019-26,755-295,303
Stock19,200-21,781-5,242-4,283-14,93415,520757-48,071-61,6101,197-12,55658,166-50,55433,933220,723
Debtors-553,140266,65133,329-5,530-78,84560,729-98,443-110,537-396,363286,914135,277-105,943235,84331,905823,929
Creditors-11,062-78,56453,272-69,776-66,02450,517-145,46437,058-515,010228,249-225,109165,640116,30788,445461,338
Accruals and Deferred Income-50,41083,548-5,882-21,96524,213-45,87963,927-82,28293,890000000
Deferred Taxes & Provisions1,295-269-333-393-545-500-869-1,256-1,5042,0131471,500-674-1,01018,468
Cash flow from operations483,022-185,980-18,590-115,435156,859-212,70062,089-17,521-2,71932,019-211,063292,778-47,95296,712203,010
Investing Activities
capital expenditure-12,36500-116-5-2,356000-19,185-5,871-12,34307,816-49,444
Change in Investments000000000000000
cash flow from investments-12,36500-116-5-2,356000-19,185-5,871-12,34307,816-49,444
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-155,000-60,000-85,000300,00000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000-550000000000
share issue00000000000000100
interest2,015-13,650-16,185-8,7792051,7491,5407121,4681,4361,9381,7701,1811,034385
cash flow from financing-152,985-73,650-101,185291,2162101,7491,5407121,4681,4361,9381,7701,1811,034485
cash and cash equivalents
cash257,672-259,630-59,776175,665157,064-213,30763,630-16,809-1,25114,270-214,996282,205-46,771105,562154,051
overdraft-60,000060,000000000000000
change in cash317,672-259,630-119,776175,665157,064-213,30763,630-16,809-1,25114,270-214,996282,205-46,771105,562154,051

j c e (europe) limited 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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J C E (europe) Limited Competitor Analysis

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Perform a competitor analysis for j c e (europe) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in AB21 area or any other competitors across 12 key performance metrics.

j c e (europe) limited Ownership

J C E (EUROPE) LIMITED group structure

J C E (Europe) Limited has no subsidiary companies.

Ultimate parent company

J C E (EUROPE) LIMITED

SC111985

J C E (EUROPE) LIMITED Shareholders

sandra craig 35%
james alexander craig 35%
martin craig 10%
jacqueline brown 10%
alison cox 10%

j c e (europe) limited directors

J C E (Europe) Limited currently has 7 directors. The longest serving directors include Mr James Craig (Dec 1989) and Mrs Alison Cox (Dec 1990).

officercountryagestartendrole
Mr James CraigUnited Kingdom79 years Dec 1989- Director
Mrs Alison Cox58 years Dec 1990- Director
Mrs Sandra CraigScotland79 years Apr 2010- Director
Mr Martin CraigScotland54 years Aug 2010- Director
Mr Andrew SawyerEngland54 years Aug 2017- Director
Mr Franciscus MaesScotland65 years Aug 2017- Director
Mr Neil ForsterEngland51 years Aug 2017- Director

P&L

April 2024

turnover

1.3m

+27%

operating profit

10.1k

0%

gross margin

23.3%

-7.46%

turnover

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

Balance Sheet

April 2024

net assets

906.2k

+0.01%

total assets

1.1m

-0.2%

cash

397.6k

+1.84%

net assets

Total assets minus all liabilities

j c e (europe) limited company details

company number

SC111985

Type

Private limited with Share Capital

industry

27120 - Manufacture of electricity distribution and control apparatus

incorporation date

June 1988

age

36

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

solehour limited (September 1988)

accountant

FYFE MOIR AND ASSOCIATES

auditor

-

address

jce house, blackburn business park, woodbur, aberdeen, AB21 0PS

Bank

-

Legal Advisor

BURNETT LEGAL

j c e (europe) 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 found 1 charges/mortgages relating to j c e (europe) limited. Currently there are 0 open charges and 1 have been satisfied in the past.

charges

j c e (europe) limited Companies House Filings - See Documents

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