Associated Security Group Limited

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associated security group limited Company Information

Live

MatureSmallDeclining

Company Number

01219795

Website

www.associatedsecuritygroup.co.uk

Registered Address

421a brighton road, croydon, CR2 6EU

Industry

Security systems service activities

Telephone

02086697836

Next Accounts Due

June 2025

Group Structure

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Directors

Michael Challen10 Years

Shareholders

michael charles challen 60%

carol challen 40%

associated security group limited Estimated Valuation

£410k

Pomanda estimates the enterprise value of ASSOCIATED SECURITY GROUP LIMITED at £410k based on Net Assets of £174.5k and 2.35x industry multiple (adjusted for liquidity).

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Associated Security Group Limited is a live company located in croydon, CR2 6EU with a Companies House number of 01219795. It operates in the security systems service activities sector, SIC Code 80200. Founded in July 1975, it's largest shareholder is michael charles challen with a 60% stake. Associated Security Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £515k with declining growth in recent years.

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Pomanda's financial health check has awarded Associated Security Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £515k, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.2%)

EXPORT

Associated Security Group Limited's latest turnover from September 2023 is estimated at £515 thousand and the company has net assets of £174.5 thousand. According to their latest financial statements, Associated Security Group Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	514,993	426,508	723,486	720,345	482,856	454,521	467,398	370,020	363,373	481,865	506,400	506,418	612,968	547,678	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	381,556	320,990	550,313	543,293	367,309	335,780	340,634	268,597	257,460	337,268	343,559	346,602	407,697	372,770	0
Gross Profit	133,436	105,519	173,174	177,053	115,547	118,741	126,764	101,423	105,913	144,597	162,841	159,816	205,271	174,909	0
Admin Expenses	109,627	44,045	122,967	174,097	115,095	118,481	116,102	112,766	143,784	136,245	156,955	152,409	184,359	182,348	-109,345
Operating Profit	23,809	61,474	50,207	2,956	452	260	10,662	-11,343	-37,871	8,352	5,886	7,407	20,912	-7,439	109,345
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	11	11	90	100	21	14	41	41	3
Pre-Tax Profit	23,809	61,474	50,207	2,956	452	260	10,673	-11,332	-37,781	8,452	5,906	7,421	20,953	-7,398	109,349
Tax	-5,952	-11,680	-9,539	-562	-86	-49	-2,028	0	0	-1,775	-1,358	-1,781	-5,448	0	-30,618
Profit After Tax	17,857	49,794	40,668	2,394	366	211	8,645	-11,332	-37,781	6,677	4,548	5,640	15,505	-7,398	78,731
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	17,857	49,794	40,668	2,394	366	211	8,645	-11,332	-37,781	6,677	4,548	5,640	15,505	-7,398	78,731
Employee Costs	310,390	253,064	319,804	355,692	306,479	328,091	134,089	97,599	120,001	134,356	128,814	102,462	170,012	154,226	0
Number Of Employees	8	7	9	10	9	9	4	3	4	4	4	3	5	5	0
EBITDA*	23,809	61,474	50,207	2,956	452	260	10,662	-1,868	-26,950	13,262	10,097	12,593	27,785	3,461	123,820

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	198,341	216,020	172,747	154,479	136,209	147,923	151,263	10,621	14,677	14,959	13,909	16,286	21,472	33,709	44,609
Intangible Assets	0	0	0	0	0	0	0	138,000	144,000	0	0	0	0	0	0
Investments & Other	0	0	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	0	0
Total Fixed Assets	198,341	216,020	172,747	154,479	136,209	147,923	151,263	148,621	158,677	14,959	13,909	16,286	21,472	33,709	44,609
Stock & work in progress	0	0	0	0	0	0	0	5,512	17,512	13,812	15,372	23,397	43,790	46,630	46,131
Trade Debtors	131,652	108,471	235,356	202,255	134,150	117,187	121,873	113,931	107,856	135,697	156,034	154,464	182,542	156,711	192,323
Group Debtors	0	0	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	0	0
Cash	0	0	0	0	0	0	0	8,584	0	35,934	3,988	4,365	1,341	15,109	1,343
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	131,652	108,471	235,356	202,255	134,150	117,187	121,873	128,027	125,368	185,443	175,394	182,226	227,673	218,450	239,797
total assets	329,993	324,491	408,103	356,734	270,359	265,110	273,136	276,648	284,045	200,402	189,303	198,512	249,145	252,159	284,406
Bank overdraft	0	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	0
Trade Creditors	155,468	95,896	163,015	136,314	103,217	96,402	111,586	103,011	104,230	96,599	92,177	105,934	120,415	140,726	205,575
Group/Directors Accounts	0	0	0	0	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	0
hp & lease commitments	0	0	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	0	0
total current liabilities	155,468	95,896	163,015	136,314	103,217	96,402	111,586	103,011	104,230	96,599	92,177	105,934	120,415	140,726	205,575
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	71,927	138,214	154,214	103,330	105,262	98,315	118,947	113,793	0	0	0	41,792	40,000	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	71,927	138,214	154,214	103,330	105,262	98,315	118,947	113,793	0	0	0	41,792	40,000	0
total liabilities	155,468	167,823	301,229	290,528	206,547	201,664	209,901	221,958	218,023	96,599	92,177	105,934	162,207	180,726	205,575
net assets	174,525	156,668	106,874	66,206	63,812	63,446	63,235	54,690	66,022	103,803	97,126	92,578	86,938	71,433	78,831
total shareholders funds	174,525	156,668	106,874	66,206	63,812	63,446	63,235	54,690	66,022	103,803	97,126	92,578	86,938	71,433	78,831

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	23,809	61,474	50,207	2,956	452	260	10,662	-11,343	-37,871	8,352	5,886	7,407	20,912	-7,439	109,345
Depreciation	0	0	0	0	0	0	0	3,475	4,921	4,910	4,211	5,186	6,873	10,900	14,475
Amortisation	0	0	0	0	0	0	0	6,000	6,000	0	0	0	0	0	0
Tax	-5,952	-11,680	-9,539	-562	-86	-49	-2,028	0	0	-1,775	-1,358	-1,781	-5,448	0	-30,618
Stock	0	0	0	0	0	0	-5,512	-12,000	3,700	-1,560	-8,025	-20,393	-2,840	499	46,131
Debtors	23,181	-126,885	33,101	68,105	16,963	-4,686	7,942	6,075	-27,841	-20,337	1,570	-28,078	25,831	-35,612	192,323
Creditors	59,572	-67,119	26,701	33,097	6,815	-15,184	8,575	-1,219	7,631	4,422	-13,757	-14,481	-20,311	-64,849	205,575
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	54,248	109,560	34,268	-32,614	-9,782	-10,287	14,779	2,838	4,822	37,806	1,437	44,802	-20,965	-26,275	60,323
Investing Activities
capital expenditure	17,679	-43,273	-18,268	-18,270	11,714	3,340	-2,642	581	-154,639	-5,960	-1,834	0	5,364	0	-59,084
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	17,679	-43,273	-18,268	-18,270	11,714	3,340	-2,642	581	-154,639	-5,960	-1,834	0	5,364	0	-59,084
Financing Activities
Bank loans	0	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	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-71,927	-66,287	-16,000	50,884	-1,932	6,947	-20,632	5,154	113,793	0	0	-41,792	1,792	40,000	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	11	11	90	100	21	14	41	41	3
cash flow from financing	-71,927	-66,287	-16,000	50,884	-1,932	6,947	-20,721	5,165	113,883	100	21	-41,778	1,833	40,041	103
cash and cash equivalents
cash	0	0	0	0	0	0	-8,584	8,584	-35,934	31,946	-377	3,024	-13,768	13,766	1,343
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-8,584	8,584	-35,934	31,946	-377	3,024	-13,768	13,766	1,343

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for associated security group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in CR2 area or any other competitors across 12 key performance metrics.

ASSOCIATED SECURITY GROUP LIMITED group structure

Associated Security Group Limited has no subsidiary companies.

Ultimate parent company

ASSOCIATED SECURITY GROUP LIMITED

01219795

ASSOCIATED SECURITY GROUP LIMITED Shareholders

michael charles challen	60%
carol challen	40%

Associated Security Group Limited currently has 1 director, Mr Michael Challen serving since Sep 2014.

officer	country	age	start	end	role
Mr Michael Challen	England	29 years	Sep 2014	-	Director

P&L

September 2023

turnover

515k

+21%

operating profit

23.8k

gross margin

26%

+4.73%

turnover

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

Balance Sheet

September 2023

net assets

174.5k

+0.11%

total assets

330k

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

01219795

Type

Private limited with Share Capital

industry

80200 - Security systems service activities

incorporation date

July 1975

ultimate parent company

None

previous names

N/A

address

421a brighton road, croydon, CR2 6EU

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 3 charges/mortgages relating to associated security group limited. Currently there are 3 open charges and 0 have been satisfied in the past.

associated security group limited Company Information

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associated security group limited Estimated Valuation

associated security group limited Estimated Valuation

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