Static Systems Group Limited

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static systems group limited Company Information

Company Number

01331299

Next Accounts

92 days late

Directors

Willam Stoval Iii

William Stoval Iii

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Shareholders

static systems holdings limited

Group Structure

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Industry

Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)

Registered Address

heath mill road, wombourne, wolverhampton, WV5 8AN

Website

www.staticsystems.co.uk

static systems group limited Estimated Valuation

£59.3m

Pomanda estimates the enterprise value of STATIC SYSTEMS GROUP LIMITED at £59.3m based on an EBITDA of £6.7m and a 8.85x industry multiple (adjusted for size and gross margin).

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Static Systems Group Limited is a live company located in wolverhampton, WV5 8AN with a Companies House number of 01331299. It operates in the manufacture of communication equipment other than telegraph, and telephone apparatus and equipment sector, SIC Code 26309. Founded in September 1977, it's largest shareholder is static systems holdings limited with a 100% stake. Static Systems Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £31.7m with unknown growth in recent years.

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Pomanda's financial health check has awarded Static Systems Group Limited a 4 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 Rating4out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £31.7m, make it larger than the average company (£13.7m)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Static Systems Group Limited's latest turnover from March 2023 is £31.7 million and the company has net assets of £7.7 million. According to their latest financial statements, Static Systems Group Limited has 215 employees and maintains cash reserves of £4.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	31,744,674	26,013,550	27,003,140	19,502,045	18,484,328	17,161,460	14,483,263	16,940,774	17,569,637	18,830,844	16,434,822	17,728,000	21,705,101	28,550,215
Other Income Or Grants
Cost Of Sales	20,405,074	18,480,092	11,853,953	8,996,477	8,755,290	8,824,568	7,303,014	9,412,105	10,284,794	10,410,812	8,537,780	9,676,815	12,779,952	17,597,175
Gross Profit	11,339,600	7,533,458	15,149,187	10,505,568	9,729,038	8,336,892	7,180,249	7,528,669	7,284,843	8,420,032	7,897,042	8,051,185	8,925,149	10,953,040
Admin Expenses	5,204,567	3,985,862	10,626,313	7,889,580	7,769,203	7,336,379	7,282,812	7,365,318	7,881,096	7,903,336	7,792,837	8,372,365	9,386,187	9,928,196
Operating Profit	6,135,033	3,547,596	4,522,874	2,615,988	1,959,835	1,000,513	-102,563	163,351	-596,253	516,696	104,205	-321,180	-461,038	1,024,844
Interest Payable	14,747	8,086			92	92	7,535	5,332	6,971	13,124	15,973	17,358	3,016	4,710
Interest Receivable	69,455	88,512	7,037	2,770	3,840	444	644	32	116	289	554	114	520	298
Pre-Tax Profit	6,189,741	3,628,022	4,529,911	2,618,758	1,963,583	1,000,865	-109,454	158,051	-733,518	503,861	-166,259	-697,967	-758,324	1,020,432
Tax	-1,213,117	-709,779	-840,532	-464,514	-10,936	100,933				-58			60,431	-60,494
Profit After Tax	4,976,624	2,918,243	3,689,379	2,154,244	1,952,647	1,101,798	-109,454	158,051	-733,518	503,803	-166,259	-697,967	-697,893	959,938
Dividends Paid			2,034,129	551,831	579,492	26,574	26,574	26,574	177,368	72,174	1,554,572	48,138	26,574	321,137
Retained Profit	4,976,624	2,918,243	1,655,250	1,602,413	1,373,155	1,075,224	-136,028	131,477	-910,886	431,629	-1,720,831	-746,105	-724,467	638,801
Employee Costs	9,697,938	8,897,293	10,851,970	7,790,675	7,525,318	7,164,048	6,842,208	7,386,641	7,962,878	8,128,799	7,892,635	8,745,127	10,199,739	11,036,371
Number Of Employees	215	206	204	208	207	207	204	218	236	238	250	289	348	356
EBITDA*	6,704,253	3,860,527	4,871,479	2,888,552	2,200,691	1,241,080	118,502	240,392	-502,137	633,996	268,985	-122,110	-238,292	1,266,740

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,327,886	1,529,874	786,324	1,015,533	956,630	1,109,624	1,092,130	1,154,459	1,033,710	914,534	792,465	2,170,729	1,933,645	2,052,432
Intangible Assets
Investments & Other				373,302	373,302	373,302	373,302	373,302	373,302	373,302	373,302
Debtors (Due After 1 year)
Total Fixed Assets	1,327,886	1,529,874	786,324	1,388,835	1,329,932	1,482,926	1,465,432	1,527,761	1,407,012	1,287,836	1,165,767	2,170,729	1,933,645	2,052,432
Stock & work in progress	2,812,202	3,348,097	2,025,649	1,231,511	1,175,595	1,270,169	1,144,108	1,262,500	1,596,821	1,805,837	1,534,461	1,782,264	1,968,362	2,516,471
Trade Debtors	6,726,257	4,667,851	3,293,694	1,431,759	2,044,709	2,543,772	3,699,979	3,120,476	3,392,108	3,666,644	3,178,978	4,126,307	4,543,305	5,392,653
Group Debtors	4,578,568	9,127,324
Misc Debtors	811,245	905,695	4,907,581	385,232	327,561	353,464	293,900	216,953	267,093	350,455	319,035	438,673	402,372	346,259
Cash	4,395	4,768	3,408,419	6,670,928	4,464,098	2,026,336	6,137	9,514	11,145	479,612	370,687	7,962	20,686	813,403
misc current assets
total current assets	14,932,667	18,053,735	13,635,343	9,719,430	8,011,963	6,193,741	5,144,124	4,609,443	5,267,167	6,302,548	5,403,161	6,355,206	6,934,725	9,068,786
total assets	16,260,553	19,583,609	14,421,667	11,108,265	9,341,895	7,676,667	6,609,556	6,137,204	6,674,179	7,590,384	6,568,928	8,525,935	8,868,370	11,121,218
Bank overdraft							99,355	57,968	320,516			165,505	47,714
Bank loan												115,383
Trade Creditors	4,340,474	3,824,654	2,379,048	1,091,177	1,557,235	1,543,515	1,800,231	1,276,511	1,667,844	1,874,125	1,366,221	1,657,281	1,526,325	2,416,327
Group/Directors Accounts	406,989	707,895		467,237	467,237	467,237	467,237	467,237	467,237	467,237	467,237
other short term finances
hp & lease commitments	311,080	342,951								11,344	37,275	37,275	24,300	24,300
other current liabilities	2,939,495	2,299,997	3,201,226	2,394,171	1,909,024	1,641,286	1,293,328	1,250,055	1,264,626	1,372,836	1,253,638	1,122,721	1,189,820	1,851,613
total current liabilities	7,998,038	7,175,497	5,580,274	3,952,585	3,933,496	3,652,038	3,660,151	3,051,771	3,720,223	3,725,542	3,124,371	3,098,165	2,788,159	4,292,240
loans												101,745
hp & lease commitments	346,950	517,380									11,344	48,619	56,700	81,000
Accruals and Deferred Income
other liabilities
provisions	256,194	207,985	92,011	155,483	10,615
total long term liabilities	603,144	725,365	92,011	155,483	10,615						11,344	150,364	56,700	81,000
total liabilities	8,601,182	7,900,862	5,672,285	4,108,068	3,944,111	3,652,038	3,660,151	3,051,771	3,720,223	3,725,542	3,135,715	3,248,529	2,844,859	4,373,240
net assets	7,659,371	11,682,747	8,749,382	7,000,197	5,397,784	4,024,629	2,949,405	3,085,433	2,953,956	3,864,842	3,433,213	5,277,406	6,023,511	6,747,978
total shareholders funds	7,659,371	11,682,747	8,749,382	7,000,197	5,397,784	4,024,629	2,949,405	3,085,433	2,953,956	3,864,842	3,433,213	5,277,406	6,023,511	6,747,978

	Mar 2023	Mar 2022	Mar 2021	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	6,135,033	3,547,596	4,522,874	2,615,988	1,959,835	1,000,513	-102,563	163,351	-596,253	516,696	104,205	-321,180	-461,038	1,024,844
Depreciation	569,220	312,931	348,605	272,564	240,856	240,567	221,065	77,041	94,116	117,300	164,780	199,070	222,746	241,896
Amortisation
Tax	-1,213,117	-709,779	-840,532	-464,514	-10,936	100,933				-58			60,431	-60,494
Stock	-535,895	1,322,448	2,025,649	55,916	-94,574	126,061	-118,392	-334,321	-209,016	271,376	-247,803	-186,098	-548,109	2,516,471
Debtors	-2,584,800	6,499,595	8,201,275	-555,279	-524,966	-1,096,643	656,450	-321,772	-357,898	519,086	-1,066,967	-380,697	-793,235	5,738,912
Creditors	515,820	1,445,606	2,379,048	-466,058	13,720	-256,716	523,720	-391,333	-206,281	507,904	-291,060	130,956	-890,002	2,416,327
Accruals and Deferred Income	639,498	-901,229	3,201,226	485,147	267,738	347,958	43,273	-14,571	-108,210	119,198	130,917	-67,099	-661,793	1,851,613
Deferred Taxes & Provisions	48,209	115,974	92,011	144,868	10,615
Cash flow from operations	9,815,358	-4,010,944	-523,692	3,087,358	3,101,368	2,403,837	147,437	490,581	-249,714	470,578	1,423,612	508,542	-388,312	-2,781,197
Investing Activities
capital expenditure	-367,232	-1,056,481	-1,134,929	-331,467	-92,771	-258,061	-158,736	-197,792	-213,292	-239,369	-235,735	-397,228	-104,178	-172,745
Change in Investments											373,302
cash flow from investments	-367,232	-1,056,481	-1,134,929	-331,467	-92,771	-258,061	-158,736	-197,792	-213,292	-239,369	-609,037	-397,228	-104,178	-172,745
Financing Activities
Bank loans											-115,383	115,383
Group/Directors Accounts	-300,906	707,895									467,237
Other Short Term Loans
Long term loans											-101,745	101,745
Hire Purchase and Lease Commitments	-202,301	860,331							-11,344	-37,275	-37,275	4,894	-24,300	105,300
other long term liabilities
share issue	-9,000,000	15,122	7,094,132								-123,362			6,109,177
interest	54,708	80,426	7,037	2,770	3,748	352	-6,891	-5,300	-6,855	-12,835	-15,419	-17,244	-2,496	-4,412
cash flow from financing	-9,448,499	1,663,774	7,101,169	2,770	3,748	352	-6,891	-5,300	-18,199	-50,110	74,053	204,778	-26,796	6,210,065
cash and cash equivalents
cash	-373	-3,403,651	3,408,419	2,206,830	2,437,762	2,020,199	-3,377	-1,631	-468,467	108,925	362,725	-12,724	-792,717	813,403
overdraft						-99,355	41,387	-262,548	320,516		-165,505	117,791	47,714
change in cash	-373	-3,403,651	3,408,419	2,206,830	2,437,762	2,119,554	-44,764	260,917	-788,983	108,925	528,230	-130,515	-840,431	813,403

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STATIC SYSTEMS GROUP LIMITED group structure

Static Systems Group Limited has 5 subsidiary companies.

Ultimate parent company

HALMA PUBLIC LIMITED COMPANY

00040932

STATIC SYSTEMS HOLDINGS LIMITED

08198188

2 parents

STATIC SYSTEMS GROUP LIMITED

01331299

5 subsidiaries

PROJECT EVERGREEN 3 LIMITED

01190889

PROJECT EVERGREEN 5 LIMITED

03731105

PROJECT EVERGREEN 2 LIMITED

01186470

PROJECT EVERGREEN 4 LIMITED

01147373

PROJECT EVERGREEN 1 LIMITED

00829605

STATIC SYSTEMS GROUP LIMITED Shareholders

static systems holdings limited

100%

Static Systems Group Limited currently has 3 directors. The longest serving directors include Mr Willam Stoval Iii (Dec 2020) and Mr William Stoval Iii (Dec 2020).

officer	country	age	start	end	role
Mr Willam Stoval Iii		51 years	Dec 2020	-	Director
Mr William Stoval Iii		51 years	Dec 2020	-	Director
Mrs Rosemary Cunningham Thomas	England	62 years	Jul 2021	-	Director

P&L

March 2023

turnover

31.7m

+22%

operating profit

6.1m

+73%

gross margin

35.8%

+23.35%

turnover

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

Balance Sheet

March 2023

net assets

7.7m

-0.34%

total assets

16.3m

-0.17%

cash

4.4k

-0.08%

net assets

Total assets minus all liabilities

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company number

01331299

Type

Private limited with Share Capital

industry

26309 - Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)

incorporation date

September 1977

ultimate parent company

HALMA PUBLIC LIMITED COMPANY

previous names

static systems group plc (May 2021)

address

heath mill road, wombourne, wolverhampton, WV5 8AN

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 4 charges/mortgages relating to static systems group limited. Currently there are 1 open charges and 3 have been satisfied in the past.

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static systems group limited Company Information

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static systems group limited Estimated Valuation

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