cummins electrified power europe ltd.

cummins electrified power europe ltd. Company Information

Share CUMMINS ELECTRIFIED POWER EUROPE LTD.
Live 
EstablishedMidDeclining

Company Number

SC285819

Industry

Manufacture of batteries and accumulators

 

Shareholders

cummins pgi holdings ltd.

Group Structure

View All

Contact

Registered Address

burness paull llp, 50 lothian road, edinburgh, EH3 9WJ

cummins electrified power europe ltd. Estimated Valuation

£38.5m

Pomanda estimates the enterprise value of CUMMINS ELECTRIFIED POWER EUROPE LTD. at £38.5m based on a Turnover of £18.4m and 2.1x industry multiple (adjusted for size and gross margin).

cummins electrified power europe ltd. Estimated Valuation

£26.5m

Pomanda estimates the enterprise value of CUMMINS ELECTRIFIED POWER EUROPE LTD. at £26.5m based on an EBITDA of £1.9m and a 13.65x industry multiple (adjusted for size and gross margin).

cummins electrified power europe ltd. Estimated Valuation

£713.5k

Pomanda estimates the enterprise value of CUMMINS ELECTRIFIED POWER EUROPE LTD. at £713.5k based on Net Assets of £438k and 1.63x industry multiple (adjusted for liquidity).

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Cummins Electrified Power Europe Ltd. Overview

Cummins Electrified Power Europe Ltd. is a live company located in edinburgh, EH3 9WJ with a Companies House number of SC285819. It operates in the manufacture of batteries and accumulators sector, SIC Code 27200. Founded in June 2005, it's largest shareholder is cummins pgi holdings ltd. with a 100% stake. Cummins Electrified Power Europe Ltd. is a established, mid sized company, Pomanda has estimated its turnover at £18.4m with declining growth in recent years.

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Cummins Electrified Power Europe Ltd. Health Check

Pomanda's financial health check has awarded Cummins Electrified Power Europe Ltd. a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £18.4m, make it in line with the average company (£15.9m)

£18.4m - Cummins Electrified Power Europe Ltd.

£15.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.9%)

-6% - Cummins Electrified Power Europe Ltd.

3.9% - Industry AVG

production

Production

with a gross margin of 84.6%, this company has a lower cost of product (20.1%)

84.6% - Cummins Electrified Power Europe Ltd.

20.1% - Industry AVG

profitability

Profitability

an operating margin of 4.1% make it as profitable than the average company (4.6%)

4.1% - Cummins Electrified Power Europe Ltd.

4.6% - Industry AVG

employees

Employees

with 93 employees, this is above the industry average (75)

93 - Cummins Electrified Power Europe Ltd.

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £103.6k, the company has a higher pay structure (£41.3k)

£103.6k - Cummins Electrified Power Europe Ltd.

£41.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £197.5k, this is equally as efficient (£199.3k)

£197.5k - Cummins Electrified Power Europe Ltd.

£199.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (65 days)

1 days - Cummins Electrified Power Europe Ltd.

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 256 days, this is slower than average (52 days)

256 days - Cummins Electrified Power Europe Ltd.

52 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 34 days, this is less than average (103 days)

34 days - Cummins Electrified Power Europe Ltd.

103 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)

0 weeks - Cummins Electrified Power Europe Ltd.

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.3%, this is a higher level of debt than the average (70.2%)

98.3% - Cummins Electrified Power Europe Ltd.

70.2% - Industry AVG

CUMMINS ELECTRIFIED POWER EUROPE LTD. financials

EXPORTms excel logo

Cummins Electrified Power Europe Ltd.'s latest turnover from December 2023 is £18.4 million and the company has net assets of £438 thousand. According to their latest financial statements, Cummins Electrified Power Europe Ltd. has 93 employees and maintains cash reserves of £237 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Dec 2011Dec 2010Dec 2009
Turnover18,363,00016,585,00014,183,00022,243,00018,991,000782,0001,853,0001,597,0004,526,0008,268,0004,870,0002,867,0003,444,0003,670,1185,799,742
Other Income Or Grants000000000000000
Cost Of Sales2,830,0002,583,0002,597,0002,071,0001,679,000768,000922,0003,021,0007,284,0009,972,0006,930,0006,041,0004,407,0003,595,3745,648,518
Gross Profit15,533,00014,002,00011,586,00020,172,00017,312,00014,000931,000-1,424,000-2,758,000-1,704,000-2,060,000-3,174,000-963,00074,744151,224
Admin Expenses14,786,00014,256,0008,875,00018,171,00025,153,00014,871,0004,527,0003,022,0004,023,0003,510,0001,874,0001,501,0001,131,0001,661,0113,143,366
Operating Profit747,000-254,0002,711,0002,001,000-7,841,000-14,857,000-3,596,000-4,446,000-6,781,000-5,214,000-3,934,000-4,675,000-2,094,000-1,586,267-2,992,142
Interest Payable01,0002,0001,00010,0000186,000194,000187,000158,00058,0002,00008911,137
Interest Receivable55,00019,00004,00011,000000000001908,839
Pre-Tax Profit802,000-236,0002,709,0002,004,000-7,840,000-14,857,000-3,782,000-4,640,000-6,968,000-5,372,000-3,992,000-4,677,000-2,094,000-1,586,968-2,984,440
Tax-144,000141,000-972,000-299,000128,00029,000-180,000619,0001,449,0001,180,0001,113,000241,000000
Profit After Tax658,000-95,0001,737,0001,705,000-7,712,000-14,828,000-3,962,000-4,021,000-5,519,000-4,192,000-2,879,000-4,436,000-2,094,000-1,586,968-2,984,440
Dividends Paid000000000000000
Retained Profit658,000-95,0001,737,0001,705,000-7,712,000-14,828,000-3,962,000-4,021,000-5,519,000-4,192,000-2,879,000-4,436,000-2,094,000-1,586,968-2,984,440
Employee Costs9,632,0007,149,0006,759,0007,084,0007,372,0006,711,0002,898,0004,850,0006,012,0003,204,0002,317,0001,591,0001,361,0001,102,423973,152
Number Of Employees93817610111172475453634843413831
EBITDA*1,941,000913,0003,599,0002,836,000-7,296,000-14,501,000-3,287,000-4,225,000-6,617,000-5,006,000-3,715,000-4,366,000-1,833,000-1,373,252-2,736,882

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Dec 2011Dec 2010Dec 2009
Tangible Assets4,188,0004,091,0004,648,0004,953,0004,632,0002,987,0002,169,0002,409,0001,251,000875,000117,00088,00091,000132,448263,179
Intangible Assets07,00016,00025,00034,00045,0000323,000165,000129,000129,000302,000518,000690,448690,448
Investments & Other00722,0000019,0000513,000527,000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets4,188,0004,098,0005,386,0004,978,0004,666,0003,051,0002,169,0003,245,0001,943,0001,004,000246,000390,000609,000822,896953,627
Stock & work in progress271,00011,00045,000138,000116,000308,000412,000716,000956,0001,513,0001,153,000471,00011,000121,622249,374
Trade Debtors88,00039,00034,00048,000165,00084,000185,0001,790,000917,0002,107,0002,630,000540,000890,000697,729894,486
Group Debtors18,540,00016,899,00014,312,00021,651,00020,197,000132,000637,0006,107,0005,793,0001,908,0001,744,000241,000000
Misc Debtors1,330,0001,285,0004,621,0001,959,0001,134,000618,000174,0001,774,000748,000706,00056,000121,00046,00054,51229,622
Cash237,000469,000167,000470,0006,198,0001,986,000660,0000429,0006,559,0002,119,000237,000388,000884,568343,933
misc current assets1,257,000685,0000000000000000
total current assets21,723,00019,388,00019,179,00024,266,00027,810,0003,128,0002,068,00010,387,0008,843,00012,793,0007,702,0001,610,0001,335,0001,758,4311,517,415
total assets25,911,00023,486,00024,565,00029,244,00032,476,0006,179,0004,237,00013,632,00010,786,00013,797,0007,948,0002,000,0001,944,0002,581,3272,471,042
Bank overdraft20,918,00019,102,00020,297,00036,188,0000002,740,0000000000
Bank loan000000000000000
Trade Creditors 1,985,0001,035,0001,380,0003,029,00010,172,000821,00030,000221,0001,095,000427,000237,000148,000826,000735,450222,303
Group/Directors Accounts87,000599,000919,0005,965,00040,271,00013,801,000037,518,00032,948,00033,262,00022,240,00013,835,0009,649,00000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities2,076,0001,850,000887,0001,221,000968,0002,860,000727,0002,068,0001,598,000783,0001,620,000276,000114,0009,430,7438,246,637
total current liabilities25,066,00022,586,00023,483,00046,403,00051,411,00017,482,000757,00042,547,00035,641,00034,472,00024,097,00014,259,00010,589,00010,166,1938,468,940
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0088,000000000000000
provisions407,000564,000783,000510,000451,000382,000390,0001,810,0001,855,000510,000844,0001,855,0001,033,00000
total long term liabilities407,000564,000871,000608,000611,000382,000390,0001,810,0001,855,000510,000844,0001,855,0001,033,00000
total liabilities25,473,00023,150,00024,354,00047,011,00052,022,00017,864,0001,147,00044,357,00037,496,00034,982,00024,941,00016,114,00011,622,00010,166,1938,468,940
net assets438,000336,000211,000-17,767,000-19,546,000-11,685,0003,090,000-30,725,000-26,710,000-21,185,000-16,993,000-14,114,000-9,678,000-7,584,866-5,997,898
total shareholders funds438,000336,000211,000-17,767,000-19,546,000-11,685,0003,090,000-30,725,000-26,710,000-21,185,000-16,993,000-14,114,000-9,678,000-7,584,866-5,997,898
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jan 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit747,000-254,0002,711,0002,001,000-7,841,000-14,857,000-3,596,000-4,446,000-6,781,000-5,214,000-3,934,000-4,675,000-2,094,000-1,586,267-2,992,142
Depreciation1,187,0001,158,000879,000826,000534,000356,000309,000221,000164,00079,00046,00093,00088,000213,015255,260
Amortisation7,0009,0009,0009,00011,0000000129,000173,000216,000173,00000
Tax-144,000141,000-972,000-299,000128,00029,000-180,000619,0001,449,0001,180,0001,113,000241,000000
Stock260,000-34,000-93,00022,000-192,000-408,000-304,000-240,000-557,000360,000682,000471,000-110,622-127,752249,374
Debtors1,735,000-744,000-4,691,0002,162,00020,662,000-8,837,000-8,675,0002,213,0002,737,000291,0003,528,000902,000183,759-171,867924,108
Creditors950,000-345,000-1,649,000-7,143,0009,351,000600,000-191,000-874,000668,000190,00089,000148,00090,550513,147222,303
Accruals and Deferred Income226,000963,000-334,000253,000-1,892,000792,000-1,341,000470,000815,000-837,0001,344,000276,000-9,316,7431,184,1068,246,637
Deferred Taxes & Provisions-157,000-219,000273,00059,00069,000-1,428,000-1,420,000-45,0001,345,000-334,000-1,011,0001,855,0001,033,00000
Cash flow from operations821,0002,231,0005,701,000-6,478,000-20,110,000-5,263,0002,560,000-6,028,000-4,520,000-5,458,000-6,390,000-3,219,000-10,099,330623,6204,558,576
Investing Activities
capital expenditure-1,284,000-601,000-574,000-1,147,000-2,179,000-656,000254,000-1,537,000-576,000-966,000-75,000-699,000-47,104-82,284-1,208,887
Change in Investments0-722,000722,0000-19,000-494,000-513,000-14,000527,000000000
cash flow from investments-1,284,000121,000-1,296,000-1,147,000-2,160,000-162,000767,000-1,523,000-1,103,000-966,000-75,000-699,000-47,104-82,284-1,208,887
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-512,000-320,000-5,046,000-34,306,00026,470,000-23,717,000-37,518,0004,570,000-314,00011,022,0008,405,00013,835,0009,649,00000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0-88,00088,000000000000000
share issue-556,000220,00016,241,00074,000-149,00033,868,00037,777,0006,000-6,00000-9,678,0008660-3,013,458
interest55,00018,000-2,0003,0001,0000-186,000-194,000-187,000-158,000-58,000-2,0000-7017,702
cash flow from financing-1,013,000-170,00011,281,000-34,229,00026,322,00010,151,00073,0004,382,000-507,00010,864,0008,347,0004,155,0009,649,866-701-3,005,756
cash and cash equivalents
cash-232,000302,000-303,000-5,728,0004,212,0001,986,000660,000-429,000-6,130,0004,440,0001,882,000237,000-496,568540,635343,933
overdraft1,816,000-1,195,000-15,891,00036,188,0000-2,740,000-2,740,0002,740,0000000000
change in cash-2,048,0001,497,00015,588,000-41,916,0004,212,0004,726,0003,400,000-3,169,000-6,130,0004,440,0001,882,000237,000-496,568540,635343,933

cummins electrified power europe ltd. Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cummins Electrified Power Europe Ltd. Competitor Analysis

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Perform a competitor analysis for cummins electrified power europe ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EH3 area or any other competitors across 12 key performance metrics.

cummins electrified power europe ltd. Ownership

CUMMINS ELECTRIFIED POWER EUROPE LTD. group structure

Cummins Electrified Power Europe Ltd. has no subsidiary companies.

Ultimate parent company

CUMMINS INC

#0000867

2 parents

CUMMINS ELECTRIFIED POWER EUROPE LTD.

SC285819

CUMMINS ELECTRIFIED POWER EUROPE LTD. Shareholders

cummins pgi holdings ltd. 100%

cummins electrified power europe ltd. directors

Cummins Electrified Power Europe Ltd. currently has 6 directors. The longest serving directors include Mr Antonio Leitao (Oct 2020) and Mr Desmond McMenamin (Mar 2023).

officercountryagestartendrole
Mr Antonio LeitaoEngland60 years Oct 2020- Director
Mr Desmond McMenaminScotland46 years Mar 2023- Director
Mr Andrew RobsonScotland46 years Mar 2023- Director
Mr Amerigo HolthouseUnited Kingdom44 years Mar 2024- Director
Ann-Kristin De VerdierEngland59 years Jun 2024- Director
Mr James MoorhouseScotland38 years Jul 2024- Director

P&L

December 2023

turnover

18.4m

+11%

operating profit

747k

-394%

gross margin

84.6%

+0.19%

turnover

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

Balance Sheet

December 2023

net assets

438k

+0.3%

total assets

25.9m

+0.1%

cash

237k

-0.49%

net assets

Total assets minus all liabilities

cummins electrified power europe ltd. company details

company number

SC285819

Type

Private limited with Share Capital

industry

27200 - Manufacture of batteries and accumulators

incorporation date

June 2005

age

19

incorporated

UK

ultimate parent company

CUMMINS INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

johnson matthey battery systems limited (June 2018)

axeon power limited (August 2013)

See more

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

burness paull llp, 50 lothian road, edinburgh, EH3 9WJ

Bank

-

Legal Advisor

-

cummins electrified power 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 found 4 charges/mortgages relating to cummins electrified power europe ltd.. Currently there are 0 open charges and 4 have been satisfied in the past.

cummins electrified power europe ltd. 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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cummins electrified power europe ltd. Companies House Filings - See Documents

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