Pomanda estimates the enterprise value of SMART SYSTEMS LIMITED at £170.5m based on a Turnover of £127.3m and 1.34x industry multiple (adjusted for size and gross margin).
smart systems limitedEstimated Valuation
£705.5m
Pomanda estimates the enterprise value of SMART SYSTEMS LIMITED at £705.5m based on an EBITDA of £63.4m and a 11.14x industry multiple (adjusted for size and gross margin).
smart systems limitedEstimated Valuation
£648.1m
Pomanda estimates the enterprise value of SMART SYSTEMS LIMITED at £648.1m based on Net Assets of £287.5m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Smart Systems LimitedOverview
Smart Systems Limited is a live company located in north somerset, BS49 4QN with a Companies House number of 01314601. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in May 1977, it's largest shareholder is
fornuis uk ltd
with a 100% stake. Smart Systems Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£127.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Smart Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
2 Regular
2 Weak
Size
annual sales of £127.3m, make it larger than the average company (£14.8m)
£127.3m - Smart Systems Limited
£14.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.2%)
5% - Smart Systems Limited
7.2% - Industry AVG
Production
with a gross margin of 48.2%, this company has a lower cost of product (29.4%)
48.2% - Smart Systems Limited
29.4% - Industry AVG
Profitability
an operating margin of 45.3% make it more profitable than the average company (6.8%)
45.3% - Smart Systems Limited
6.8% - Industry AVG
Employees
with 414 employees, this is above the industry average (58)
414 - Smart Systems Limited
58 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
£41.8k - Smart Systems Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £307.4k, this is more efficient (£257.2k)
£307.4k - Smart Systems Limited
£257.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (54 days)
20 days - Smart Systems Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (38 days)
38 days - Smart Systems Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 87 days, this is more than average (42 days)
87 days - Smart Systems Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 23 weeks, this is more cash available to meet short term requirements (12 weeks)
23 weeks - Smart Systems Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.2%, this is a lower level of debt than the average (50.8%)
7.2% - Smart Systems Limited
50.8% - Industry AVG
SMART SYSTEMS LIMITED financials
EXPORT
Smart Systems Limited's latest turnover from December 2023 is £127.3 million and the company has net assets of £287.5 million. According to their latest financial statements, Smart Systems Limited has 414 employees and maintains cash reserves of £10.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
127,250,000
138,771,000
135,933,000
110,685,000
115,496,000
110,235,000
101,131,000
87,921,000
75,990,000
60,260,000
51,992,000
44,962,000
38,536,922
31,417,198
27,055,686
Other Income Or Grants
Cost Of Sales
65,878,000
80,091,000
71,706,000
54,568,000
59,646,000
60,440,000
55,159,000
43,842,000
39,902,000
32,074,000
29,089,000
27,021,000
24,273,281
19,451,226
16,859,438
Gross Profit
61,372,000
58,680,000
64,227,000
56,117,000
55,850,000
49,795,000
45,972,000
44,079,000
36,088,000
28,186,000
22,903,000
17,941,000
14,263,641
11,965,972
10,196,248
Admin Expenses
3,675,000
31,107,000
32,592,000
26,881,000
26,189,000
22,705,000
20,616,000
17,644,000
15,200,000
11,920,000
10,821,000
10,392,000
8,872,976
7,533,168
5,634,034
Operating Profit
57,697,000
27,573,000
31,635,000
29,236,000
29,661,000
27,090,000
25,356,000
26,435,000
20,888,000
16,266,000
12,082,000
7,549,000
5,390,665
4,432,804
4,562,214
Interest Payable
69,000
19,000
3,000
6,000
22,000
1,000
94,000
260,000
309,964
176,497
224,887
Interest Receivable
9,545,000
8,245,000
2,101,000
59,000
181,000
67,000
35,000
44,000
12,000
17,000
12,000
4,000
3,830
2,632
5,854
Pre-Tax Profit
67,173,000
35,799,000
33,736,000
29,295,000
29,842,000
27,154,000
25,385,000
26,479,000
20,878,000
16,282,000
12,000,000
7,293,000
5,083,931
4,258,939
4,343,181
Tax
-15,891,000
-5,080,000
-6,987,000
-5,679,000
-6,063,000
-4,140,000
-5,106,000
-5,390,000
-4,628,000
-3,669,000
-2,520,000
-1,332,000
-1,058,993
-1,102,953
-1,191,407
Profit After Tax
51,282,000
30,719,000
26,749,000
23,616,000
23,779,000
23,014,000
20,279,000
21,089,000
16,250,000
12,613,000
9,480,000
5,961,000
4,024,938
3,155,986
3,151,774
Dividends Paid
Retained Profit
51,282,000
30,719,000
26,749,000
23,616,000
23,779,000
23,014,000
20,279,000
21,089,000
16,250,000
12,613,000
9,480,000
5,961,000
4,024,938
3,155,986
3,151,774
Employee Costs
17,325,000
16,559,000
15,106,000
11,850,000
11,655,000
10,362,000
9,549,000
7,839,000
6,776,000
5,423,000
4,683,000
4,159,000
3,780,794
3,538,248
2,566,829
Number Of Employees
414
394
372
339
315
310
272
233
218
187
183
147
138
111
97
EBITDA*
63,354,000
32,551,000
35,426,000
33,110,000
33,439,000
30,930,000
28,400,000
28,567,000
21,852,000
17,218,000
13,069,000
8,547,000
6,452,266
5,085,037
5,086,753
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
59,946,000
59,403,000
53,879,000
35,620,000
37,006,000
38,575,000
37,013,000
29,487,000
24,243,000
19,530,000
13,088,000
13,704,000
14,232,490
14,438,914
14,707,041
Intangible Assets
Investments & Other
33,000
14,000
Debtors (Due After 1 year)
212,483,000
153,945,000
136,942,000
132,533,000
15,162,000
6,257,000
632,000
616,000
632,474
642,563
Total Fixed Assets
272,429,000
213,348,000
190,854,000
168,167,000
37,006,000
38,575,000
37,013,000
29,487,000
39,405,000
25,787,000
13,720,000
14,320,000
14,864,964
15,081,477
14,707,041
Stock & work in progress
15,782,000
20,794,000
18,022,000
11,934,000
10,308,000
10,359,000
11,975,000
7,165,000
7,047,000
7,231,000
7,389,000
5,377,000
5,354,712
5,055,793
3,563,376
Trade Debtors
7,084,000
16,409,000
18,199,000
16,536,000
15,463,000
15,616,000
14,668,000
11,901,000
10,349,000
8,524,000
8,622,000
8,222,000
8,544,359
6,445,058
4,674,572
Group Debtors
228,000
50,000
70,000
190,000
102,261,000
74,266,000
57,241,000
46,110,000
16,504,000
16,179,000
12,354,000
8,985,000
6,592,249
6,538,943
15,426
Misc Debtors
4,054,000
395,000
180,000
1,012,000
179,000
749,000
122,000
1,175,000
605,000
50,000
111,000
45,000
174,956
152,115
113,989
Cash
10,170,000
8,798,000
4,745,000
6,651,000
3,893,000
4,297,000
3,445,000
6,893,000
6,234,000
3,053,000
3,223,000
1,631,000
1,293,379
607,357
626,408
misc current assets
total current assets
37,318,000
46,446,000
41,216,000
36,323,000
132,104,000
105,287,000
87,451,000
73,244,000
40,739,000
35,037,000
31,699,000
24,260,000
21,959,655
18,799,266
8,993,771
total assets
309,747,000
259,794,000
232,070,000
204,490,000
169,110,000
143,862,000
124,464,000
102,731,000
80,144,000
60,824,000
45,419,000
38,580,000
36,824,619
33,880,743
23,700,812
Bank overdraft
Bank loan
254,000
408,000
586,367
772,465
899,928
Trade Creditors
6,982,000
7,372,000
15,935,000
7,143,000
5,441,000
6,446,000
10,137,000
5,899,000
5,912,000
4,857,000
3,707,000
1,610,000
2,623,683
3,107,605
3,269,502
Group/Directors Accounts
8,264,000
5,573,000
5,327,000
9,062,000
4,355,000
3,803,000
905,000
5,798,000
5,015,000
1,828,000
663,000
7,084,000
8,933,024
10,006,899
4,320,708
other short term finances
1,945,000
hp & lease commitments
other current liabilities
5,098,000
7,590,000
6,914,000
11,140,000
5,705,000
3,443,000
6,371,000
4,285,000
3,686,000
4,622,000
3,996,000
2,109,000
3,269,626
2,535,323
892,631
total current liabilities
22,289,000
20,535,000
28,176,000
27,345,000
15,501,000
13,692,000
17,413,000
15,982,000
14,613,000
11,307,000
8,620,000
11,211,000
15,412,700
16,422,292
9,382,769
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
224,000
80,000
420,000
315,000
292,000
163,000
399,000
294,000
344,000
348,072
419,542
435,120
total long term liabilities
224,000
80,000
420,000
315,000
292,000
163,000
399,000
294,000
344,000
348,072
419,542
435,120
total liabilities
22,289,000
20,759,000
28,176,000
27,345,000
15,581,000
14,112,000
17,728,000
16,274,000
14,776,000
11,706,000
8,914,000
11,555,000
15,760,772
16,841,834
9,817,889
net assets
287,458,000
239,035,000
203,894,000
177,145,000
153,529,000
129,750,000
106,736,000
86,457,000
65,368,000
49,118,000
36,505,000
27,025,000
21,063,847
17,038,909
13,882,923
total shareholders funds
287,458,000
239,035,000
203,894,000
177,145,000
153,529,000
129,750,000
106,736,000
86,457,000
65,368,000
49,118,000
36,505,000
27,025,000
21,063,847
17,038,909
13,882,923
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
57,697,000
27,573,000
31,635,000
29,236,000
29,661,000
27,090,000
25,356,000
26,435,000
20,888,000
16,266,000
12,082,000
7,549,000
5,390,665
4,432,804
4,562,214
Depreciation
5,657,000
4,978,000
3,791,000
3,874,000
3,778,000
3,840,000
3,044,000
2,132,000
964,000
952,000
987,000
998,000
1,061,601
652,233
524,539
Amortisation
Tax
-15,891,000
-5,080,000
-6,987,000
-5,679,000
-6,063,000
-4,140,000
-5,106,000
-5,390,000
-4,628,000
-3,669,000
-2,520,000
-1,332,000
-1,058,993
-1,102,953
-1,191,407
Stock
-5,012,000
2,772,000
6,088,000
1,626,000
-51,000
-1,616,000
4,810,000
118,000
-184,000
-158,000
2,012,000
22,288
298,919
1,492,417
3,563,376
Debtors
53,050,000
15,408,000
5,120,000
32,368,000
27,272,000
18,600,000
12,845,000
16,566,000
11,610,000
9,291,000
3,851,000
1,923,962
2,165,359
8,974,692
4,803,987
Creditors
-390,000
-8,563,000
8,792,000
1,702,000
-1,005,000
-3,691,000
4,238,000
-13,000
1,055,000
1,150,000
2,097,000
-1,013,683
-483,922
-161,897
3,269,502
Accruals and Deferred Income
-2,492,000
676,000
-4,226,000
5,435,000
2,262,000
-2,928,000
2,086,000
599,000
-936,000
626,000
1,887,000
-1,160,626
734,303
1,642,692
892,631
Deferred Taxes & Provisions
-224,000
224,000
-80,000
-340,000
105,000
23,000
129,000
-236,000
105,000
-50,000
-4,072
-71,470
-15,578
435,120
Cash flow from operations
-3,681,000
1,628,000
21,797,000
494,000
1,072,000
3,292,000
11,986,000
7,208,000
5,681,000
6,297,000
8,620,000
3,090,369
3,107,906
-5,019,808
125,236
Investing Activities
capital expenditure
-6,200,000
-10,502,000
-22,050,000
-2,488,000
-2,209,000
-5,402,000
-10,570,000
-7,376,000
-5,677,000
-7,394,000
-371,000
-469,510
-855,177
-384,106
-15,231,580
Change in Investments
-33,000
19,000
14,000
cash flow from investments
-6,200,000
-10,469,000
-22,069,000
-2,502,000
-2,209,000
-5,402,000
-10,570,000
-7,376,000
-5,677,000
-7,394,000
-371,000
-469,510
-855,177
-384,106
-15,231,580
Financing Activities
Bank loans
-254,000
-154,000
-178,367
-186,098
-127,463
899,928
Group/Directors Accounts
2,691,000
246,000
-3,735,000
4,707,000
552,000
2,898,000
-4,893,000
783,000
3,187,000
1,165,000
-6,421,000
-1,849,024
-1,073,875
5,686,191
4,320,708
Other Short Term Loans
1,945,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-2,859,000
4,422,000
153
10,731,149
interest
9,476,000
8,226,000
2,101,000
59,000
181,000
64,000
29,000
44,000
-10,000
16,000
-82,000
-256,000
-306,134
-173,865
-219,033
cash flow from financing
11,253,000
12,894,000
-1,634,000
4,766,000
733,000
2,962,000
-4,864,000
827,000
3,177,000
927,000
-6,657,000
-2,283,238
-1,566,107
5,384,863
15,732,752
cash and cash equivalents
cash
1,372,000
4,053,000
-1,906,000
2,758,000
-404,000
852,000
-3,448,000
659,000
3,181,000
-170,000
1,592,000
337,621
686,022
-19,051
626,408
overdraft
change in cash
1,372,000
4,053,000
-1,906,000
2,758,000
-404,000
852,000
-3,448,000
659,000
3,181,000
-170,000
1,592,000
337,621
686,022
-19,051
626,408
smart systems limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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smart systems limited Ownership
SMART SYSTEMS LIMITED group structure
Smart Systems Limited has no subsidiary companies.
The sole shareholder of Smart Systems Limited is Fornuis Uk Ltd.
fornuis uk ltd
100%
smart systems limited directors
Smart Systems Limited currently has 5 directors.
The longest serving directors include
Mr Johan Verstrepen (Feb 1999) and
Mr Edward Robinson (Feb 1999).
46730 - Wholesale of wood, construction materials and sanitary equipment
25610 - Treatment and coating of metals
incorporation date
May 1977
age
48
incorporated
UK
ultimate parent company
FEATHER HOLDINGS JERSEY LTD (DISS)
accounts
Full Accounts
last accounts submitted
December 2023
previous names
smart windows limited (May 1982)
accountant
-
auditor
DELOITTE LLP
address
arnolds way, yatton, north somerset, BS49 4QN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BPE SOLICITORS LLP
smart systems 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 found 13 charges/mortgages relating to smart systems limited. Currently there are 1 open charges and 12 have been satisfied in the past.
smart systems limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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smart systems limitedCompanies House Filings - See Documents
