cruickshank energy (westerton) limited
cruickshank energy (westerton) limited Company Information
Company Number
SC568771
Website
-Registered Address
westerton of folla, meikle wartle, inverurie, AB51 5BQ
Industry
Production of electricity
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
james cruickshank 50%
margaret cruickshank 50%
cruickshank energy (westerton) limited Estimated Valuation
Pomanda estimates the enterprise value of CRUICKSHANK ENERGY (WESTERTON) LIMITED at £2.1m based on a Turnover of £1.4m and 1.51x industry multiple (adjusted for size and gross margin).
cruickshank energy (westerton) limited Estimated Valuation
Pomanda estimates the enterprise value of CRUICKSHANK ENERGY (WESTERTON) LIMITED at £2.4m based on an EBITDA of £529.1k and a 4.44x industry multiple (adjusted for size and gross margin).
cruickshank energy (westerton) limited Estimated Valuation
Pomanda estimates the enterprise value of CRUICKSHANK ENERGY (WESTERTON) LIMITED at £6.5m based on Net Assets of £2.3m and 2.88x industry multiple (adjusted for liquidity).
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Cruickshank Energy (westerton) Limited Overview
Cruickshank Energy (westerton) Limited is a live company located in inverurie, AB51 5BQ with a Companies House number of SC568771. It operates in the production of electricity sector, SIC Code 35110. Founded in June 2017, it's largest shareholder is james cruickshank with a 50% stake. Cruickshank Energy (westerton) Limited is a young, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.
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Cruickshank Energy (westerton) Limited Health Check
Pomanda's financial health check has awarded Cruickshank Energy (Westerton) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £1.4m, make it in line with the average company (£1.5m)
- Cruickshank Energy (westerton) Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (8.4%)
- Cruickshank Energy (westerton) Limited
8.4% - Industry AVG
Production
with a gross margin of 67.6%, this company has a comparable cost of product (67.6%)
- Cruickshank Energy (westerton) Limited
67.6% - Industry AVG
Profitability
an operating margin of 23% make it less profitable than the average company (49.1%)
- Cruickshank Energy (westerton) Limited
49.1% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Cruickshank Energy (westerton) Limited
2 - Industry AVG
Pay Structure
on an average salary of £64.8k, the company has an equivalent pay structure (£64.8k)
- Cruickshank Energy (westerton) Limited
£64.8k - Industry AVG
Efficiency
resulting in sales per employee of £711.4k, this is more efficient (£387.2k)
- Cruickshank Energy (westerton) Limited
£387.2k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is later than average (14 days)
- Cruickshank Energy (westerton) Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (19 days)
- Cruickshank Energy (westerton) Limited
19 days - Industry AVG
Stock Days
it holds stock equivalent to 125 days, this is more than average (15 days)
- Cruickshank Energy (westerton) Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (12 weeks)
30 weeks - Cruickshank Energy (westerton) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.5%, this is a lower level of debt than the average (90.7%)
34.5% - Cruickshank Energy (westerton) Limited
90.7% - Industry AVG
CRUICKSHANK ENERGY (WESTERTON) LIMITED financials
Cruickshank Energy (Westerton) Limited's latest turnover from June 2023 is estimated at £1.4 million and the company has net assets of £2.3 million. According to their latest financial statements, Cruickshank Energy (Westerton) Limited has 2 employees and maintains cash reserves of £318.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,834,036 | 3,035,516 | 3,200,000 | 3,400,000 | 3,600,000 | 3,800,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,834,036 | 3,035,516 | 3,200,000 | 3,400,000 | 3,600,000 | 3,800,000 |
| Stock & work in progress | 159,042 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 97,097 | 101,520 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 43,858 | 36,490 | 154,025 | 168,835 | 149,595 | 87,207 |
| Cash | 318,689 | 75,526 | 32,129 | 39,237 | 332,091 | 193,343 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 618,686 | 213,536 | 186,154 | 208,072 | 481,686 | 280,550 |
| total assets | 3,452,722 | 3,249,052 | 3,386,154 | 3,608,072 | 4,081,686 | 4,080,550 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,871 | 16,345 | 17,420 | 20,419 | 26,195 | 3,285 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 422,152 | 437,152 | 676,152 | 1,016,300 | 1,636,918 | 1,827,643 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 99,777 | 64,667 | 65,670 | 64,382 | 59,320 | 33,797 |
| total current liabilities | 542,800 | 518,164 | 759,242 | 1,101,101 | 1,722,433 | 1,864,725 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 648,280 | 686,927 | 549,542 | 574,709 | 597,060 | 615,132 |
| total long term liabilities | 648,280 | 686,927 | 549,542 | 574,709 | 597,060 | 615,132 |
| total liabilities | 1,191,080 | 1,205,091 | 1,308,784 | 1,675,810 | 2,319,493 | 2,479,857 |
| net assets | 2,261,642 | 2,043,961 | 2,077,370 | 1,932,262 | 1,762,193 | 1,600,693 |
| total shareholders funds | 2,261,642 | 2,043,961 | 2,077,370 | 1,932,262 | 1,762,193 | 1,600,693 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 201,480 | 201,480 | 200,000 | 200,000 | 200,000 | 200,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 159,042 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,945 | -16,015 | -14,810 | 19,240 | 62,388 | 87,207 |
| Creditors | 4,526 | -1,075 | -2,999 | -5,776 | 22,910 | 3,285 |
| Accruals and Deferred Income | 35,110 | -1,003 | 1,288 | 5,062 | 25,523 | 33,797 |
| Deferred Taxes & Provisions | -38,647 | 137,385 | -25,167 | -22,351 | -18,072 | 615,132 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -15,000 | -239,000 | -340,148 | -620,618 | -190,725 | 1,827,643 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 243,163 | 43,397 | -7,108 | -292,854 | 138,748 | 193,343 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 243,163 | 43,397 | -7,108 | -292,854 | 138,748 | 193,343 |
cruickshank energy (westerton) limited Credit Report and Business Information
Cruickshank Energy (westerton) Limited Competitor Analysis
Perform a competitor analysis for cruickshank energy (westerton) limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in AB51 area or any other competitors across 12 key performance metrics.
cruickshank energy (westerton) limited Ownership
CRUICKSHANK ENERGY (WESTERTON) LIMITED group structure
Cruickshank Energy (Westerton) Limited has no subsidiary companies.
Ultimate parent company
CRUICKSHANK ENERGY (WESTERTON) LIMITED
SC568771
cruickshank energy (westerton) limited directors
Cruickshank Energy (Westerton) Limited currently has 2 directors. The longest serving directors include Mr James Cruickshank (Jun 2017) and Ms Margaret Cruickshank (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Cruickshank | 73 years | Jun 2017 | - | Director | |
| Ms Margaret Cruickshank | 73 years | Jun 2017 | - | Director |
P&L
June 2023turnover
1.4m
+17%
operating profit
327.6k
0%
gross margin
67.7%
+11.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
2.3m
+0.11%
total assets
3.5m
+0.06%
cash
318.7k
+3.22%
net assets
Total assets minus all liabilities
cruickshank energy (westerton) limited company details
company number
SC568771
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
June 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
EQ ACCOUNTANTS LLP
auditor
-
address
westerton of folla, meikle wartle, inverurie, AB51 5BQ
Bank
-
Legal Advisor
-
cruickshank energy (westerton) 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 cruickshank energy (westerton) limited.
cruickshank energy (westerton) limited Companies House Filings - See Documents
| date | description | view/download |
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