Abax Electrical Limited

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abax electrical limited Company Information

Live

EstablishedSmallHealthy

Company Number

NI072422

Website

Registered Address

45 strahulter road, newtownstewart, BT78 4ED

Industry

Electrical installation

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Ashley Baxter15 Years

Shareholders

ashley baxter 100%

abax electrical limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of ABAX ELECTRICAL LIMITED at £3.3m based on Net Assets of £1m and 3.21x industry multiple (adjusted for liquidity).

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Abax Electrical Limited is a live company located in newtownstewart, BT78 4ED with a Companies House number of NI072422. It operates in the electrical installation sector, SIC Code 43210. Founded in April 2009, it's largest shareholder is ashley baxter with a 100% stake. Abax Electrical Limited is a established, small sized company, Pomanda has estimated its turnover at £3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Abax Electrical Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £3m, make it larger than the average company (£1m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABAX ELECTRICAL LIMITED group structure

Abax Electrical Limited has no subsidiary companies.

Ultimate parent company

ABAX ELECTRICAL LIMITED

NI072422

ABAX ELECTRICAL LIMITED Shareholders

ashley baxter

100%

Abax Electrical Limited currently has 1 director, Mr Ashley Baxter serving since Apr 2009.

officer	country	age	start	end	role
Mr Ashley Baxter		40 years	Apr 2009	-	Director

EXPORT

Abax Electrical Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £1 million. According to their latest financial statements, Abax Electrical Limited has 25 employees and maintains cash reserves of £105.4 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	Mar 2013	Mar 2012	Mar 2011
Turnover	3,045,715	2,447,795	1,917,108	2,013,654	1,738,745	1,040,323	685,051	960,557	571,932	376,464	538,009	236,400	268,174
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,530,218	2,038,593	1,605,649	1,658,700	1,421,576	850,810	557,926	773,208	463,375	305,038	430,832	189,154	208,329
Gross Profit	515,497	409,201	311,459	354,954	317,169	189,513	127,125	187,349	108,557	71,426	107,176	47,246	59,845
Admin Expenses	103,996	455,903	374,728	382,475	53,200	-59,316	28,850	17,536	20,652	48,087	51,303	-4,134	33,847
Operating Profit	411,501	-46,702	-63,269	-27,521	263,969	248,829	98,275	169,813	87,905	23,339	55,873	51,380	25,998
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,957	586	58	53	938	814	326	518	382	179	172	193	41
Pre-Tax Profit	415,458	-46,116	-63,211	-27,468	264,907	249,643	98,601	170,331	88,287	23,518	56,045	51,573	26,039
Tax	-78,937	0	0	0	-50,332	-47,432	-19,720	-34,066	-18,540	-5,409	-13,451	-13,409	-7,291
Profit After Tax	336,521	-46,116	-63,211	-27,468	214,575	202,211	78,881	136,265	69,747	18,109	42,594	38,164	18,748
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	336,521	-46,116	-63,211	-27,468	214,575	202,211	78,881	136,265	69,747	18,109	42,594	38,164	18,748
Employee Costs	1,028,125	1,019,114	872,568	976,859	479,573	268,149	238,893	198,579	118,495	75,499	109,647	72,752	71,562
Number Of Employees	25	26	23	25	12	7	6	5	3	2	3	2	2
EBITDA*	472,710	11,878	11,870	72,372	329,375	294,282	119,294	199,079	107,111	37,640	68,129	60,214	30,698

* 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	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	183,625	175,734	323,432	397,693	372,302	234,365	161,066	167,385	118,024	28,000	21,028	19,598	11,900
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	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	0	0	0
Total Fixed Assets	183,625	175,734	323,432	397,693	372,302	234,365	161,066	167,385	118,024	28,000	21,028	19,598	11,900
Stock & work in progress	51,654	261,874	201,027	116,120	0	0	0	0	0	0	0	0	5,000
Trade Debtors	1,265,287	811,276	671,370	712,953	677,905	383,851	225,722	251,284	149,613	105,094	159,497	64,032	72,111
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	105,406	80,789	75,584	39,920	66,595	183,577	142,195	118,445	88,765	64,035	7,679	61,075	16,295
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,422,347	1,153,939	947,981	868,993	744,500	567,428	367,917	369,729	238,378	169,129	167,176	125,107	93,406
total assets	1,605,972	1,329,673	1,271,413	1,266,686	1,116,802	801,793	528,983	537,114	356,402	197,129	188,204	144,705	105,306
Bank overdraft	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
Trade Creditors	508,907	523,413	364,320	273,697	220,933	171,068	126,375	197,224	126,368	79,414	88,598	45,809	86,458
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	41,884	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	508,907	523,413	364,320	273,697	220,933	171,068	126,375	197,224	126,368	79,414	88,598	87,693	86,458
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	43,056	90,271	141,201	144,125	26,188	0	0	16,163	42,572	0	0	0	0
provisions	34,889	33,390	37,177	56,938	50,287	25,906	0	0	0	0	0	0	0
total long term liabilities	77,945	123,661	178,378	201,063	76,475	25,906	0	16,163	42,572	0	0	0	0
total liabilities	586,852	647,074	542,698	474,760	297,408	196,974	126,375	213,387	168,940	79,414	88,598	87,693	86,458
net assets	1,019,120	682,599	728,715	791,926	819,394	604,819	402,608	323,727	187,462	117,715	99,606	57,012	18,848
total shareholders funds	1,019,120	682,599	728,715	791,926	819,394	604,819	402,608	323,727	187,462	117,715	99,606	57,012	18,848

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	411,501	-46,702	-63,269	-27,521	263,969	248,829	98,275	169,813	87,905	23,339	55,873	51,380	25,998	0
Depreciation	61,209	58,580	75,139	99,893	65,406	45,453	21,019	29,266	19,206	14,301	12,256	8,834	4,700	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-78,937	0	0	0	-50,332	-47,432	-19,720	-34,066	-18,540	-5,409	-13,451	-13,409	-7,291	0
Stock	-210,220	60,847	84,907	116,120	0	0	0	0	0	0	0	-5,000	5,000	0
Debtors	454,011	139,906	-41,583	35,048	294,054	158,129	-25,562	101,671	44,519	-54,403	95,465	-8,079	72,111	0
Creditors	-14,506	159,093	90,623	52,764	49,865	44,693	-70,849	70,856	46,954	-9,184	42,789	-40,649	86,458	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,499	-3,787	-19,761	6,651	24,381	25,906	0	0	0	0	0	0	0	0
Cash flow from operations	136,975	-33,569	39,408	-19,381	59,235	159,320	54,287	134,198	91,006	77,450	2,002	19,235	32,754	0
Investing Activities
capital expenditure	-69,100	89,118	-878	-125,284	-203,343	-118,752	-14,700	-78,627	-109,230	-21,273	-13,686	-16,532	-16,600	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-69,100	89,118	-878	-125,284	-203,343	-118,752	-14,700	-78,627	-109,230	-21,273	-13,686	-16,532	-16,600	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-41,884	41,884	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	-47,215	-50,930	-2,924	117,937	26,188	0	-16,163	-26,409	42,572	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100	0
interest	3,957	586	58	53	938	814	326	518	382	179	172	193	41	0
cash flow from financing	-43,258	-50,344	-2,866	117,990	27,126	814	-15,837	-25,891	42,954	179	-41,712	42,077	141	0
cash and cash equivalents
cash	24,617	5,205	35,664	-26,675	-116,982	41,382	23,750	29,680	24,730	56,356	-53,396	44,780	16,295	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	24,617	5,205	35,664	-26,675	-116,982	41,382	23,750	29,680	24,730	56,356	-53,396	44,780	16,295	0

P&L

March 2023

turnover

+24%

operating profit

411.5k

gross margin

17%

+1.25%

turnover

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

Balance Sheet

March 2023

net assets

+0.49%

total assets

1.6m

+0.21%

cash

105.4k

+0.3%

net assets

Total assets minus all liabilities

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company number

NI072422

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

April 2009

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

45 strahulter road, newtownstewart, BT78 4ED

last accounts submitted

March 2023

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.

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abax electrical limited Company Information

abax electrical limited Estimated Valuation

abax electrical limited Estimated Valuation

abax electrical limited Estimated Valuation

Abax Electrical Limited AI Business Plan

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