Accurate Utilities Ltd

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accurate utilities ltd Company Information

Live

EstablishedSmallDeclining

Company Number

06117449

Website

www.accurateutilities.co.uk

Registered Address

c/o haines watts chester, military house, chester, CH1 2DS

Industry

Other personal service activities n.e.c.

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Christopher Hewitt17 Years

Francis Hewitt8 Years

Shareholders

gaiaco ltd 100%

accurate utilities ltd Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of ACCURATE UTILITIES LTD at £1.5m based on Net Assets of £505.3k and 2.99x industry multiple (adjusted for liquidity).

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Accurate Utilities Ltd is a live company located in chester, CH1 2DS with a Companies House number of 06117449. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in February 2007, it's largest shareholder is gaiaco ltd with a 100% stake. Accurate Utilities Ltd is a established, small sized company, Pomanda has estimated its turnover at £639.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Accurate Utilities Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

4 Regular

6 Weak

Size

annual sales of £639.1k, make it in line with the average company (£791.5k)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (5.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACCURATE UTILITIES LTD group structure

Accurate Utilities Ltd has no subsidiary companies.

Ultimate parent company

GAIACO LTD

11549697

1 parent

ACCURATE UTILITIES LTD

06117449

ACCURATE UTILITIES LTD Shareholders

gaiaco ltd

100%

Accurate Utilities Ltd currently has 2 directors. The longest serving directors include Mr Christopher Hewitt (Mar 2007) and Francis Hewitt (Apr 2016).

officer	country	age	start	end	role
Mr Christopher Hewitt	United Kingdom	47 years	Mar 2007	-	Director
Francis Hewitt	England	72 years	Apr 2016	-	Director

EXPORT

Accurate Utilities Ltd's latest turnover from March 2023 is estimated at £639.1 thousand and the company has net assets of £505.3 thousand. According to their latest financial statements, Accurate Utilities Ltd has 2 employees and maintains cash reserves of £898.2 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	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	639,106	1,111,067	1,334,309	1,481,056	4,542,948	1,570,461	2,013,544	597,757	2,649,244	1,118,881	2,167,913	1,002,365	1,001,229	138,196
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	382,504	666,138	817,557	887,828	2,718,858	950,672	1,186,916	348,559	1,573,959	666,098	1,236,188	582,511	562,123	79,459
Gross Profit	256,602	444,928	516,752	593,228	1,824,090	619,789	826,628	249,198	1,075,286	452,782	931,725	419,855	439,106	58,737
Admin Expenses	251,472	448,456	505,277	1,319,948	2,698,043	-244,608	-136,068	304,482	857,540	855,963	307,821	82,604	289,506	17,832
Operating Profit	5,130	-3,528	11,475	-726,720	-873,953	864,397	962,696	-55,284	217,746	-403,181	623,904	337,251	149,600	40,905
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	26,692	3,610	500	378	7,325	5,836	1,699	3,241	2,740	2,986	3,017	1,222	171	23
Pre-Tax Profit	31,822	81	11,975	-726,342	-866,628	870,233	964,395	-52,043	220,486	-400,195	626,921	338,473	149,771	40,928
Tax	-6,046	-15	-2,275	0	0	-165,344	-192,879	0	-46,302	0	-150,461	-88,003	-41,936	-11,460
Profit After Tax	25,776	66	9,700	-726,342	-866,628	704,889	771,516	-52,043	174,184	-400,195	476,460	250,470	107,835	29,468
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	25,776	66	9,700	-726,342	-866,628	704,889	771,516	-52,043	174,184	-400,195	476,460	250,470	107,835	29,468
Employee Costs	55,407	52,891	50,428	49,216	49,242	71,828	95,209	125,505	1,122,615	495,972	759,434	337,771	354,739	56,816
Number Of Employees	2	2	2	2	2	3	4	5	45	20	29	13	14	2
EBITDA*	28,156	25,002	41,358	-714,035	-858,745	873,543	965,629	-50,007	225,810	-385,632	640,438	352,583	154,010	43,335

* 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	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	22,447	28,308	38,025	39,853	51,538	28,625	10,062	9,830	13,107	16,505	10,682	13,155	10,231	4,294
Intangible Assets	18,810	35,709	52,608	69,597	7,000	8,000	9,000	10,000	12,000	15,000	27,973	34,947	16,000	17,000
Investments & Other	0	0	0	0	0	0	0	0	1,921	1,921	1,921	1,921	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	41,257	64,017	90,633	109,450	58,538	36,625	19,062	19,830	27,028	33,426	40,576	50,023	26,231	21,294
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	111,152	212,388	249,721	278,641	917,793	232,645	293,462	67,496	260,203	117,034	247,882	95,269	128,865	15,895
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	103,097	91,758	180	9,910	24,030	6,615	61,541	5,164	0	0	0	0	0	0
Cash	898,194	357,901	604,730	395,493	360,152	1,593,273	741,241	617,576	678,859	417,215	777,056	429,881	59,065	9,142
misc current assets	0	0	0	0	0	598,080	598,080	0	0	0	0	0	0	0
total current assets	1,112,443	662,047	854,631	684,044	1,743,178	2,430,613	1,694,324	690,236	939,062	534,249	1,024,938	525,150	187,930	25,037
total assets	1,153,700	726,064	945,264	793,494	1,801,716	2,467,238	1,713,386	710,066	966,090	567,675	1,065,514	575,173	214,161	46,331
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,220	6,849	2,277	241	7,552	0	0	0	322,747	97,433	195,681	180,400	74,958	16,790
Group/Directors Accounts	511,948	61,512	27,627	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	134,276	178,223	435,946	323,539	598,108	402,843	353,880	120,038	0	0	0	0	0	0
total current liabilities	648,444	246,584	465,850	323,780	605,660	402,843	353,880	120,038	322,747	97,433	195,681	180,400	74,958	16,790
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	71
provisions	0	0	0	0	0	1,711	1,711	3,749	5,021	6,104	5,500	6,900	1,800	0
total long term liabilities	0	0	0	0	0	1,711	1,711	3,749	5,021	6,104	5,500	6,900	1,800	71
total liabilities	648,444	246,584	465,850	323,780	605,660	404,554	355,591	123,787	327,768	103,537	201,181	187,300	76,758	16,861
net assets	505,256	479,480	479,414	469,714	1,196,056	2,062,684	1,357,795	586,279	638,322	464,138	864,333	387,873	137,403	29,470
total shareholders funds	505,256	479,480	479,414	469,714	1,196,056	2,062,684	1,357,795	586,279	638,322	464,138	864,333	387,873	137,403	29,470

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	5,130	-3,528	11,475	-726,720	-873,953	864,397	962,696	-55,284	217,746	-403,181	623,904	337,251	149,600	40,905
Depreciation	6,127	11,631	12,894	11,685	14,208	8,146	1,933	3,277	5,064	4,576	3,560	4,359	3,410	1,430
Amortisation	16,899	16,899	16,989	1,000	1,000	1,000	1,000	2,000	3,000	12,973	12,974	10,973	1,000	1,000
Tax	-6,046	-15	-2,275	0	0	-165,344	-192,879	0	-46,302	0	-150,461	-88,003	-41,936	-11,460
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-89,897	54,245	-38,650	-653,272	702,563	-115,743	282,343	-187,543	143,169	-130,848	152,613	-33,596	112,970	15,895
Creditors	-4,629	4,572	2,036	-7,311	7,552	0	0	-322,747	225,314	-98,248	15,281	105,442	58,168	16,790
Accruals and Deferred Income	-43,947	-257,723	112,407	-274,569	195,265	48,963	233,842	120,038	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-1,711	0	-2,038	-1,272	-1,083	604	-1,400	5,100	1,800	0
Cash flow from operations	63,431	-282,409	192,176	-342,643	-1,360,202	872,905	722,211	-66,445	260,570	-352,428	351,245	408,718	59,072	32,770
Investing Activities
capital expenditure	-266	-1,914	-11,066	-63,597	-37,121	-26,709	-2,165	0	-1,666	-10,399	-7,087	-37,203	-9,347	-23,724
Change in Investments	0	0	0	0	0	0	0	-1,921	0	0	0	1,921	0	0
cash flow from investments	-266	-1,914	-11,066	-63,597	-37,121	-26,709	-2,165	1,921	-1,666	-10,399	-7,087	-39,124	-9,347	-23,724
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	450,436	33,885	27,627	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-71	71
share issue	0	0	0	0	0	0	0	0	0	0	0	0	98	2
interest	26,692	3,610	500	378	7,325	5,836	1,699	3,241	2,740	2,986	3,017	1,222	171	23
cash flow from financing	477,128	37,495	28,127	378	7,325	5,836	1,699	3,241	2,740	2,986	3,017	1,222	198	96
cash and cash equivalents
cash	540,293	-246,829	209,237	35,341	-1,233,121	852,032	123,665	-61,283	261,644	-359,841	347,175	370,816	49,923	9,142
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	540,293	-246,829	209,237	35,341	-1,233,121	852,032	123,665	-61,283	261,644	-359,841	347,175	370,816	49,923	9,142

P&L

March 2023

turnover

639.1k

-42%

operating profit

5.1k

gross margin

40.2%

+0.26%

turnover

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

Balance Sheet

March 2023

net assets

505.3k

+0.05%

total assets

1.2m

+0.59%

cash

898.2k

+1.51%

net assets

Total assets minus all liabilities

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company number

06117449

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

February 2007

age

accounts

Total Exemption Full

ultimate parent company

GAIACO LTD

previous names

N/A

incorporated

address

c/o haines watts chester, military house, chester, CH1 2DS

last accounts submitted

March 2023

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accurate utilities ltd Company Information

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accurate utilities ltd Estimated Valuation

accurate utilities ltd Estimated Valuation

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