balcas spv no.2 limited
balcas spv no.2 limited Company Information
Company Number
SC450100
Website
www.balcas.comRegistered Address
unit 32, cromarty firth industrial park, invergordon, IV18 0LT
Industry
Steam and air conditioning supply
Telephone
01349854711
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
equitix esi biomass limited 55%
balcas limited 45%
balcas spv no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of BALCAS SPV NO.2 LIMITED at £5.2m based on a Turnover of £3.4m and 1.54x industry multiple (adjusted for size and gross margin).
balcas spv no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of BALCAS SPV NO.2 LIMITED at £4.3m based on an EBITDA of £831.5k and a 5.14x industry multiple (adjusted for size and gross margin).
balcas spv no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of BALCAS SPV NO.2 LIMITED at £5.7m based on Net Assets of £2.1m and 2.76x industry multiple (adjusted for liquidity).
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Balcas Spv No.2 Limited Overview
Balcas Spv No.2 Limited is a live company located in invergordon, IV18 0LT with a Companies House number of SC450100. It operates in the steam and air conditioning supply sector, SIC Code 35300. Founded in May 2013, it's largest shareholder is equitix esi biomass limited with a 55% stake. Balcas Spv No.2 Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.
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Balcas Spv No.2 Limited Health Check
Pomanda's financial health check has awarded Balcas Spv No.2 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £3.4m, make it larger than the average company (£1.8m)
- Balcas Spv No.2 Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (9.2%)
- Balcas Spv No.2 Limited
9.2% - Industry AVG
Production
with a gross margin of 24.8%, this company has a comparable cost of product (24.8%)
- Balcas Spv No.2 Limited
24.8% - Industry AVG
Profitability
an operating margin of 17.2% make it more profitable than the average company (4.5%)
- Balcas Spv No.2 Limited
4.5% - Industry AVG
Employees
with 24 employees, this is above the industry average (8)
- Balcas Spv No.2 Limited
8 - Industry AVG
Pay Structure
on an average salary of £59.6k, the company has an equivalent pay structure (£59.6k)
- Balcas Spv No.2 Limited
£59.6k - Industry AVG
Efficiency
resulting in sales per employee of £141.9k, this is equally as efficient (£147k)
- Balcas Spv No.2 Limited
£147k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is earlier than average (73 days)
- Balcas Spv No.2 Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 142 days, this is slower than average (50 days)
- Balcas Spv No.2 Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is in line with average (10 days)
- Balcas Spv No.2 Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (29 weeks)
1 weeks - Balcas Spv No.2 Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.3%, this is a lower level of debt than the average (67.7%)
48.3% - Balcas Spv No.2 Limited
67.7% - Industry AVG
BALCAS SPV NO.2 LIMITED financials
Balcas Spv No.2 Limited's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £2.1 million. According to their latest financial statements, we estimate that Balcas Spv No.2 Limited has 24 employees and maintains cash reserves of £44 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 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||||
| 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 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,903,939 | 3,151,307 | 3,398,675 | 3,646,043 | 3,893,411 | 4,143,066 | 4,393,938 | 4,644,047 | 3,765,930 | 1,265,041 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,903,939 | 3,151,307 | 3,398,675 | 3,646,043 | 3,893,411 | 4,143,066 | 4,393,938 | 4,644,047 | 3,765,930 | 1,265,041 |
| Stock & work in progress | 82,292 | 64,437 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 522,912 | 282,381 | 219,978 | 513,686 | 430,342 | 355,555 | 438,071 | 347,346 | 347,770 | 243,519 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 425,619 | 305,386 | 130,132 | 253,876 | 238,275 | 1,633 | 1,604 | 61,621 | 54,799 | 0 |
| Cash | 44,049 | 165,803 | 917,819 | 154,922 | 286,922 | 258,800 | 165,525 | 71,064 | 100,651 | 167,031 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,074,872 | 818,007 | 1,267,929 | 922,484 | 955,539 | 615,988 | 605,200 | 480,031 | 503,220 | 410,550 |
| total assets | 3,978,811 | 3,969,314 | 4,666,604 | 4,568,527 | 4,848,950 | 4,759,054 | 4,999,138 | 5,124,078 | 4,269,150 | 1,675,591 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 999,985 | 696,431 | 1,187,698 | 908,883 | 1,002,041 | 536,938 | 527,119 | 225,308 | 348,492 | 249,245 |
| Group/Directors Accounts | 305,161 | 693,487 | 690,110 | 621,189 | 557,341 | 514,799 | 456,799 | 403,956 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151,464 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 101,412 | 144,887 | 174,454 | 132,276 | 150,960 | 285,923 | 286,936 | 570,067 | 282,262 | 0 |
| total current liabilities | 1,406,558 | 1,534,805 | 2,052,262 | 1,662,348 | 1,710,342 | 1,337,660 | 1,270,854 | 1,199,331 | 782,218 | 249,245 |
| loans | 0 | 305,161 | 998,647 | 1,688,758 | 2,309,947 | 2,867,288 | 3,382,087 | 3,712,475 | 3,419,926 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,378,330 |
| provisions | 513,851 | 535,000 | 319,861 | 241,062 | 146,800 | 97,328 | 59,184 | 35,597 | 7,239 | 0 |
| total long term liabilities | 513,851 | 840,161 | 1,318,508 | 1,929,820 | 2,456,747 | 2,964,616 | 3,441,271 | 3,748,072 | 3,427,165 | 1,378,330 |
| total liabilities | 1,920,409 | 2,374,966 | 3,370,770 | 3,592,168 | 4,167,089 | 4,302,276 | 4,712,125 | 4,947,403 | 4,209,383 | 1,627,575 |
| net assets | 2,058,402 | 1,594,348 | 1,295,834 | 976,359 | 681,861 | 456,778 | 287,013 | 176,675 | 59,767 | 48,016 |
| total shareholders funds | 2,058,402 | 1,594,348 | 1,295,834 | 976,359 | 681,861 | 456,778 | 287,013 | 176,675 | 59,767 | 48,016 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 247,368 | 247,368 | 247,368 | 247,368 | 249,655 | 250,872 | 250,869 | 57,925 | 33,511 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||
| Stock | 17,855 | 64,437 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 360,764 | 237,657 | -417,452 | 98,945 | 311,429 | -82,487 | 30,708 | 6,398 | 159,050 | 243,519 |
| Creditors | 303,554 | -491,267 | 278,815 | -93,158 | 465,103 | 9,819 | 301,811 | -123,184 | 99,247 | 249,245 |
| Accruals and Deferred Income | -43,475 | -29,567 | 42,178 | -18,684 | -134,963 | -1,013 | -283,131 | 287,805 | 282,262 | 0 |
| Deferred Taxes & Provisions | -21,149 | 215,139 | 78,799 | 94,262 | 49,472 | 38,144 | 23,587 | 28,358 | 7,239 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | -388,326 | 3,377 | 68,921 | 63,848 | 42,542 | 58,000 | 52,843 | 403,956 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -151,464 | 151,464 | 0 |
| Long term loans | -305,161 | -693,486 | -690,111 | -621,189 | -557,341 | -514,799 | -330,388 | 292,549 | 3,419,926 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,378,330 | 1,378,330 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -121,754 | -752,016 | 762,897 | -132,000 | 28,122 | 93,275 | 94,461 | -29,587 | -66,380 | 167,031 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -121,754 | -752,016 | 762,897 | -132,000 | 28,122 | 93,275 | 94,461 | -29,587 | -66,380 | 167,031 |
balcas spv no.2 limited Credit Report and Business Information
Balcas Spv No.2 Limited Competitor Analysis
Perform a competitor analysis for balcas spv no.2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
balcas spv no.2 limited Ownership
BALCAS SPV NO.2 LIMITED group structure
Balcas Spv No.2 Limited has no subsidiary companies.
Ultimate parent company
LUXEMBOURG INVESTMENT COMPANY 422 SARL
#0152065
2 parents
BALCAS SPV NO.2 LIMITED
SC450100
balcas spv no.2 limited directors
Balcas Spv No.2 Limited currently has 4 directors. The longest serving directors include Mr Mike Glennon (Oct 2021) and Mr Patrick Glennon (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mike Glennon | Ireland | 60 years | Oct 2021 | - | Director |
| Mr Patrick Glennon | Ireland | 63 years | Oct 2021 | - | Director |
| Mrs Charlotte Phillips | England | 44 years | Jan 2024 | - | Director |
| Mr Joseph Scott | United Kingdom | 35 years | Jan 2024 | - | Director |
P&L
March 2023turnover
3.4m
+54%
operating profit
584.1k
0%
gross margin
24.8%
-2.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.1m
+0.29%
total assets
4m
0%
cash
44k
-0.73%
net assets
Total assets minus all liabilities
balcas spv no.2 limited company details
company number
SC450100
Type
Private limited with Share Capital
industry
35300 - Steam and air conditioning supply
incorporation date
May 2013
age
11
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 32, cromarty firth industrial park, invergordon, IV18 0LT
last accounts submitted
March 2023
balcas spv no.2 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 balcas spv no.2 limited.
balcas spv no.2 limited Companies House Filings - See Documents
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