mitsubishi electric air conditioning systems europe ltd.

3.5

mitsubishi electric air conditioning systems europe ltd. Company Information

Share MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD.
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Company Number

SC191805

Registered Address

mitsubishi electric air conditio, nettlehill road, houstoun industrial estate, livingston, EH54 5EQ

Industry

Manufacture of electric domestic appliances

 

Manufacture of non-domestic cooling and ventilation equipment

 

Telephone

01506445500

Next Accounts Due

December 2024

Group Structure

View All

Directors

Tatsuo Ono6 Years

Masami Kusano3 Years

View All

Shareholders

mitsubishi electric corp 90%

mitsubishi electric europe bv 10%

mitsubishi electric air conditioning systems europe ltd. Estimated Valuation

£398.1m

Pomanda estimates the enterprise value of MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. at £398.1m based on a Turnover of £361.5m and 1.1x industry multiple (adjusted for size and gross margin).

mitsubishi electric air conditioning systems europe ltd. Estimated Valuation

£12.9m

Pomanda estimates the enterprise value of MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. at £12.9m based on an EBITDA of £1.6m and a 8.17x industry multiple (adjusted for size and gross margin).

mitsubishi electric air conditioning systems europe ltd. Estimated Valuation

£131.8m

Pomanda estimates the enterprise value of MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. at £131.8m based on Net Assets of £50.5m and 2.61x industry multiple (adjusted for liquidity).

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Mitsubishi Electric Air Conditioning Systems Europe Ltd. Overview

Mitsubishi Electric Air Conditioning Systems Europe Ltd. is a live company located in houstoun industrial estate, EH54 5EQ with a Companies House number of SC191805. It operates in the manufacture of electric domestic appliances sector, SIC Code 27510. Founded in December 1998, it's largest shareholder is mitsubishi electric corp with a 90% stake. Mitsubishi Electric Air Conditioning Systems Europe Ltd. is a mature, mega sized company, Pomanda has estimated its turnover at £361.5m with high growth in recent years.

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Mitsubishi Electric Air Conditioning Systems Europe Ltd. Health Check

Pomanda's financial health check has awarded Mitsubishi Electric Air Conditioning Systems Europe Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £361.5m, make it larger than the average company (£21.5m)

£361.5m - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

£21.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (3.1%)

16% - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

3.1% - Industry AVG

production

Production

with a gross margin of 16.3%, this company has a higher cost of product (31.3%)

16.3% - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

31.3% - Industry AVG

profitability

Profitability

an operating margin of -1.5% make it less profitable than the average company (3.1%)

-1.5% - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

3.1% - Industry AVG

employees

Employees

with 1747 employees, this is above the industry average (87)

1747 - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

87 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.5k, the company has a lower pay structure (£45.9k)

£31.5k - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

£45.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £206.9k, this is equally as efficient (£209.8k)

£206.9k - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

£209.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (62 days)

0 days - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (46 days)

11 days - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 84 days, this is in line with average (78 days)

84 days - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (6 weeks)

1 weeks - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 78.9%, this is a higher level of debt than the average (61.9%)

78.9% - Mitsubishi Electric Air Conditioning Systems Europe Ltd.

61.9% - Industry AVG

MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. financials

EXPORTms excel logo

Mitsubishi Electric Air Conditioning Systems Europe Ltd.'s latest turnover from March 2023 is £361.5 million and the company has net assets of £50.5 million. According to their latest financial statements, Mitsubishi Electric Air Conditioning Systems Europe Ltd. has 1,747 employees and maintains cash reserves of £6.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover361,493,000293,040,000253,712,000230,966,000212,231,000194,185,000164,417,000147,147,000130,046,00095,875,00074,635,00073,902,00083,403,00065,300,000
Other Income Or Grants00000000000000
Cost Of Sales302,511,000266,570,000197,209,000178,442,000162,546,000141,427,000109,503,00098,804,00087,449,00065,556,00050,753,00050,539,00052,286,00037,389,000
Gross Profit58,982,00026,470,00056,503,00052,524,00049,685,00052,758,00054,914,00048,343,00042,597,00030,319,00023,882,00023,363,00031,117,00027,911,000
Admin Expenses64,353,00059,553,00054,348,00046,469,00046,117,00035,946,00034,436,00030,236,00027,604,00022,159,00018,423,00020,685,00018,861,00017,385,000
Operating Profit-5,371,000-33,083,0002,155,0006,055,0003,568,00016,812,00020,478,00018,107,00014,993,0008,160,0005,459,0002,678,00012,256,00010,526,000
Interest Payable3,361,000712,000703,000611,000486,000573,000314,000376,000278,0001,0001,289,0001,236,0001,222,0001,030,000
Interest Receivable167,0003,0005,00055,00040,00029,00056,00040,00066,000104,0001,287,0001,386,0001,299,000939,000
Pre-Tax Profit-8,565,000-33,792,0001,457,0005,499,0003,122,00016,268,00020,220,00017,771,00014,775,0008,101,0005,457,0002,828,00012,333,00010,435,000
Tax2,980,0006,450,00022,000-1,463,000-1,681,000-2,780,000-4,328,000-3,667,000-3,319,000-2,111,000-1,503,000-895,000-3,664,000-3,078,000
Profit After Tax-5,585,000-27,342,0001,479,0004,036,0001,441,00013,488,00015,892,00014,104,00011,456,0005,990,0003,954,0001,933,0008,669,0007,357,000
Dividends Paid0207,0002,104,0002,495,000-1,148,0008,122,0007,412,0006,082,0004,839,0002,798,000909,0005,667,0002,004,00014,610,000
Retained Profit-5,585,000-27,549,000-625,0001,541,0002,589,0005,366,0008,480,0008,022,0006,617,0003,192,0003,045,000-3,734,0006,665,000-7,253,000
Employee Costs54,965,00046,509,00034,610,00032,455,00029,762,00026,764,00023,506,00021,553,00018,151,00013,331,00011,195,00010,893,00011,461,0009,875,000
Number Of Employees1,7471,5931,3861,1701,037981882865715517455454502415
EBITDA*1,577,000-25,472,0009,262,00012,788,00010,611,00021,523,00024,703,00021,939,00018,277,00010,742,0008,226,0005,773,00015,287,00013,461,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets43,976,00038,365,00034,005,00034,055,00030,515,00029,892,00028,690,00021,448,00020,691,00019,483,00016,822,00018,076,00019,568,00020,613,000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets43,976,00038,365,00034,005,00034,055,00030,515,00029,892,00028,690,00021,448,00020,691,00019,483,00016,822,00018,076,00019,568,00020,613,000
Stock & work in progress70,317,00070,285,00047,854,00026,782,00021,057,00021,989,00022,343,00015,048,00015,079,00010,152,00012,119,0009,515,00010,227,0007,715,000
Trade Debtors926,0004,0005,0001,00031,00042,0002,0003,00030,00049,00032,00058,00067,00041,000
Group Debtors108,865,000102,214,00087,514,00065,077,00065,084,00052,019,00046,233,00044,877,00044,743,00033,818,00024,298,00019,154,00038,872,00028,642,000
Misc Debtors9,417,0007,151,0007,866,0007,062,0008,418,0005,659,0005,526,0002,923,0002,927,0001,288,000229,000281,000307,000276,000
Cash6,232,0002,919,0003,064,0009,919,0007,680,00016,461,00016,580,00018,560,0009,256,00016,564,00019,998,00021,125,0008,406,00013,161,000
misc current assets00000000000000
total current assets195,757,000182,573,000146,303,000108,841,000102,270,00096,170,00090,684,00081,411,00072,035,00061,871,00056,676,00050,133,00057,879,00049,835,000
total assets239,733,000220,938,000180,308,000142,896,000132,785,000126,062,000119,374,000102,859,00092,726,00081,354,00073,498,00068,209,00077,447,00070,448,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 9,730,00018,420,00010,822,0002,600,0005,328,0005,255,0003,676,0003,357,0002,593,0002,579,0001,009,000691,0001,362,000803,000
Group/Directors Accounts159,268,000120,521,00047,395,00023,424,00016,567,0008,238,0007,926,0007,151,0004,508,0004,044,0003,427,0002,910,0004,579,0003,387,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities11,174,00013,170,00026,910,00020,058,00017,104,00017,183,00016,677,00011,743,00011,725,0009,458,0006,706,0005,031,0007,607,0008,436,000
total current liabilities180,172,000152,111,00085,127,00046,082,00038,999,00030,676,00028,279,00022,251,00018,826,00016,081,00011,142,0008,632,00013,548,00012,626,000
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities9,075,00018,844,00022,522,00020,286,00019,752,00019,279,00021,837,0009,019,00011,456,0004,734,0004,517,0003,718,0002,042,0002,147,000
total liabilities189,247,000170,955,000107,649,00066,368,00058,751,00049,955,00050,116,00031,270,00030,282,00020,815,00015,659,00012,350,00015,590,00014,773,000
net assets50,486,00049,983,00072,659,00076,528,00074,034,00076,107,00069,258,00071,589,00062,444,00060,539,00057,839,00055,859,00061,857,00055,675,000
total shareholders funds50,486,00049,983,00072,659,00076,528,00074,034,00076,107,00069,258,00071,589,00062,444,00060,539,00057,839,00055,859,00061,857,00055,675,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-5,371,000-33,083,0002,155,0006,055,0003,568,00016,812,00020,478,00018,107,00014,993,0008,160,0005,459,0002,678,00012,256,00010,526,000
Depreciation6,948,0007,611,0007,107,0006,733,0007,043,0004,711,0004,225,0003,832,0003,284,0002,582,0002,767,0003,095,0003,031,0002,935,000
Amortisation00000000000000
Tax2,980,0006,450,00022,000-1,463,000-1,681,000-2,780,000-4,328,000-3,667,000-3,319,000-2,111,000-1,503,000-895,000-3,664,000-3,078,000
Stock32,00022,431,00021,072,0005,725,000-932,000-354,0007,295,000-31,0004,927,000-1,967,0002,604,000-712,0002,512,0007,715,000
Debtors9,839,00013,984,00023,245,000-1,393,00015,813,0005,959,0003,958,000103,00012,545,00010,596,0005,066,000-19,753,00010,287,00028,959,000
Creditors-8,690,0007,598,0008,222,000-2,728,00073,0001,579,000319,000764,00014,0001,570,000318,000-671,000559,000803,000
Accruals and Deferred Income-1,996,000-13,740,0006,852,0002,954,000-79,000506,0004,934,00018,0002,267,0002,752,0001,675,000-2,576,000-829,0008,436,000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-16,000,000-61,579,000-19,959,0007,219,000-5,957,00015,223,00014,375,00018,982,000-233,0004,324,0001,046,00022,096,000-1,446,000-17,052,000
Investing Activities
capital expenditure-12,559,000-11,971,000-7,057,000-10,273,000-7,666,000-5,913,000-11,467,000-4,589,000-4,492,000-5,243,000-1,513,000-1,603,000-1,986,000-23,548,000
Change in Investments00000000000000
cash flow from investments-12,559,000-11,971,000-7,057,000-10,273,000-7,666,000-5,913,000-11,467,000-4,589,000-4,492,000-5,243,000-1,513,000-1,603,000-1,986,000-23,548,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts38,747,00073,126,00023,971,0006,857,0008,329,000312,000775,0002,643,000464,000617,000517,000-1,669,0001,192,0003,387,000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue6,088,0004,873,000-3,244,000953,000-4,662,0001,483,000-10,811,0001,123,000-4,712,000-492,000-1,065,000-2,264,000-483,00062,928,000
interest-3,194,000-709,000-698,000-556,000-446,000-544,000-258,000-336,000-212,000103,000-2,000150,00077,000-91,000
cash flow from financing41,641,00077,290,00020,029,0007,254,0003,221,0001,251,000-10,294,0003,430,000-4,460,000228,000-550,000-3,783,000786,00066,224,000
cash and cash equivalents
cash3,313,000-145,000-6,855,0002,239,000-8,781,000-119,000-1,980,0009,304,000-7,308,000-3,434,000-1,127,00012,719,000-4,755,00013,161,000
overdraft00000000000000
change in cash3,313,000-145,000-6,855,0002,239,000-8,781,000-119,000-1,980,0009,304,000-7,308,000-3,434,000-1,127,00012,719,000-4,755,00013,161,000

mitsubishi electric air conditioning systems europe ltd. Credit Report and Business Information

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Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mitsubishi Electric Air Conditioning Systems Europe Ltd. Competitor Analysis

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mitsubishi electric air conditioning systems europe ltd. Ownership

MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. group structure

Mitsubishi Electric Air Conditioning Systems Europe Ltd. has no subsidiary companies.

Ultimate parent company

MITSUBISHI ELECTRIC CORP

#0002298

1 parent

MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD.

SC191805

MITSUBISHI ELECTRIC AIR CONDITIONING SYSTEMS EUROPE LTD. Shareholders

mitsubishi electric corp 90%
mitsubishi electric europe bv 10%

mitsubishi electric air conditioning systems europe ltd. directors

Mitsubishi Electric Air Conditioning Systems Europe Ltd. currently has 4 directors. The longest serving directors include Mr Tatsuo Ono (Apr 2018) and Mr Masami Kusano (Apr 2021).

officercountryagestartendrole
Mr Tatsuo Ono58 years Apr 2018- Director
Mr Masami KusanoUnited Kingdom58 years Apr 2021- Director
Mr Taro Kato57 years Apr 2023- Director
Mr Taro Hattori54 years Apr 2024- Director

P&L

March 2023

turnover

361.5m

+23%

operating profit

-5.4m

-84%

gross margin

16.4%

+80.63%

turnover

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

Balance Sheet

March 2023

net assets

50.5m

+0.01%

total assets

239.7m

+0.09%

cash

6.2m

+1.13%

net assets

Total assets minus all liabilities

mitsubishi electric air conditioning systems europe ltd. company details

company number

SC191805

Type

Private limited with Share Capital

industry

27510 - Manufacture of electric domestic appliances

28250 - Manufacture of non-domestic cooling and ventilation equipment

incorporation date

December 1998

age

26

accounts

Full Accounts

ultimate parent company

MITSUBISHI ELECTRIC CORP

previous names

randotte (no. 470) limited (June 1999)

incorporated

UK

address

mitsubishi electric air conditio, nettlehill road, houstoun industrial estate, livingston, EH54 5EQ

last accounts submitted

March 2023

mitsubishi electric air conditioning systems europe 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 mitsubishi electric air conditioning systems europe ltd..

charges

mitsubishi electric air conditioning systems europe ltd. Companies House Filings - See Documents

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