cubic transportation systems limited

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cubic transportation systems limited Company Information

Share CUBIC TRANSPORTATION SYSTEMS LIMITED

Company Number

01381707

Directors

David Wear

Matthew Luxton

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Shareholders

cubic surface transportation systems limited

Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

 +2

Registered Address

afc house, honeycrock lane, salfords redhill, surrey, RH1 5LA

cubic transportation systems limited Estimated Valuation

£221m

Pomanda estimates the enterprise value of CUBIC TRANSPORTATION SYSTEMS LIMITED at £221m based on a Turnover of £176.6m and 1.25x industry multiple (adjusted for size and gross margin).

cubic transportation systems limited Estimated Valuation

£305.4m

Pomanda estimates the enterprise value of CUBIC TRANSPORTATION SYSTEMS LIMITED at £305.4m based on an EBITDA of £32.9m and a 9.27x industry multiple (adjusted for size and gross margin).

cubic transportation systems limited Estimated Valuation

£207.4m

Pomanda estimates the enterprise value of CUBIC TRANSPORTATION SYSTEMS LIMITED at £207.4m based on Net Assets of £95.3m and 2.18x industry multiple (adjusted for liquidity).

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Cubic Transportation Systems Limited Overview

Cubic Transportation Systems Limited is a live company located in salfords redhill, RH1 5LA with a Companies House number of 01381707. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in August 1978, it's largest shareholder is cubic surface transportation systems limited with a 100% stake. Cubic Transportation Systems Limited is a mature, mega sized company, Pomanda has estimated its turnover at £176.6m with healthy growth in recent years.

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Cubic Transportation Systems Limited Health Check

Pomanda's financial health check has awarded Cubic Transportation Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £176.6m, make it larger than the average company (£8.5m)

£176.6m - Cubic Transportation Systems Limited

£8.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.1%)

5% - Cubic Transportation Systems Limited

6.1% - Industry AVG

production

Production

with a gross margin of 36.4%, this company has a comparable cost of product (31.1%)

36.4% - Cubic Transportation Systems Limited

31.1% - Industry AVG

profitability

Profitability

an operating margin of 18.2% make it more profitable than the average company (6.3%)

18.2% - Cubic Transportation Systems Limited

6.3% - Industry AVG

employees

Employees

with 1117 employees, this is above the industry average (49)

1117 - Cubic Transportation Systems Limited

49 - Industry AVG

paystructure

Pay Structure

on an average salary of £57k, the company has an equivalent pay structure (£49.1k)

£57k - Cubic Transportation Systems Limited

£49.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £158.1k, this is equally as efficient (£151k)

£158.1k - Cubic Transportation Systems Limited

£151k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is near the average (59 days)

58 days - Cubic Transportation Systems Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (37 days)

32 days - Cubic Transportation Systems Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (55 days)

8 days - Cubic Transportation Systems Limited

55 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (17 weeks)

47 weeks - Cubic Transportation Systems Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.7%, this is a lower level of debt than the average (51.2%)

30.7% - Cubic Transportation Systems Limited

51.2% - Industry AVG

CUBIC TRANSPORTATION SYSTEMS LIMITED financials

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Cubic Transportation Systems Limited's latest turnover from September 2023 is £176.6 million and the company has net assets of £95.3 million. According to their latest financial statements, Cubic Transportation Systems Limited has 1,117 employees and maintains cash reserves of £32.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover176,626,000163,462,000154,227,000153,955,000180,305,000185,329,000167,005,000135,449,000143,585,000146,502,000159,162,000155,713,000133,100,00096,350,00092,714,000
Other Income Or Grants
Cost Of Sales112,386,00084,976,00033,622,00032,340,00052,642,00066,273,00084,254,00062,408,00057,727,00056,029,00078,564,00075,843,00071,171,00047,375,00045,778,000
Gross Profit64,240,00078,486,000120,605,000121,615,000127,663,000119,056,00082,751,00073,041,00085,858,00090,473,00080,598,00079,870,00061,929,00048,975,00046,936,000
Admin Expenses32,086,00032,890,00086,282,00086,484,000108,398,00093,781,00063,240,00043,220,00038,231,00029,963,00033,010,00027,253,00023,805,00023,788,00023,592,000
Operating Profit32,154,00045,596,00034,323,00035,131,00019,265,00025,275,00019,511,00029,821,00047,627,00060,510,00047,588,00052,617,00038,124,00025,187,00023,344,000
Interest Payable286,000338,000255,000515,000458,000353,000541,000185,000318,000107,00092,000395,000317,000205,000239,000
Interest Receivable3,256,00015,233,000912,000447,000421,000127,0001,169,0002,676,0002,727,0004,377,0002,333,000938,000507,000237,000580,000
Pre-Tax Profit35,492,00060,491,00034,981,00034,893,00025,464,00041,596,00020,139,00032,533,00051,862,00064,777,00049,829,00053,160,00038,314,00025,296,00023,685,000
Tax-7,328,000-9,068,000-8,044,000-6,801,000-4,906,000-5,042,000-3,362,000-6,152,000-10,123,000-14,036,000-11,806,000-13,336,000-10,606,000-7,246,000-6,732,000
Profit After Tax28,164,00051,423,00026,937,00028,092,00020,558,00036,554,00016,777,00026,381,00041,739,00050,741,00038,023,00039,824,00027,708,00018,050,00016,953,000
Dividends Paid35,698,00047,148,00023,700,000195,500,00020,952,00012,000,00012,000,000
Retained Profit-7,534,0004,275,00026,937,00028,092,00020,558,00012,854,000-178,723,00026,381,00041,739,00029,789,00038,023,00039,824,00027,708,0006,050,0004,953,000
Employee Costs63,700,00056,460,00057,176,00057,325,00059,993,00054,116,00050,676,00039,728,00034,460,00033,770,00031,456,00030,452,00025,240,00023,362,00021,098,000
Number Of Employees1,1171,0911,0631,0491,1241,080984756694674661626720651619
EBITDA*32,945,00048,993,00038,215,00038,600,00022,357,00029,145,00024,158,00031,573,00048,772,00061,020,00048,025,00053,071,00038,572,00025,623,00023,778,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets6,885,0007,251,00034,557,00037,819,00026,566,00027,337,00026,623,0006,129,0005,503,0005,261,0005,519,0005,768,0005,726,0005,998,0006,356,000
Intangible Assets27,587,00031,570,00023,558,00024,099,00024,681,00033,428,00036,337,00038,488,0008,023,000
Investments & Other20,778,00026,590,00017,879,00017,879,00018,048,00018,348,00018,348,00018,348,0007,928,0007,113,0005,875,0003,563,000470,000470,000470,000
Debtors (Due After 1 year)316,0002,138,000
Total Fixed Assets55,250,00065,411,00057,799,00059,780,00051,247,00060,765,00062,960,00062,965,00021,454,00012,374,00011,394,0009,331,0006,196,0006,468,0006,826,000
Stock & work in progress2,554,0001,468,0001,492,0001,947,0002,781,0001,049,000715,000402,0002,0004,767,0003,176,0003,569,0004,382,0001,345,0003,288,000
Trade Debtors28,338,00031,275,00029,120,00057,041,00034,308,00038,672,00041,113,00036,492,0004,006,0003,871,00019,130,00012,553,0003,260,0002,233,00028,587,000
Group Debtors17,208,00029,214,00020,451,00030,974,00043,853,00049,698,00014,412,00065,019,00085,233,00038,005,00022,266,0005,301,000918,00067,000
Misc Debtors1,904,0002,429,0002,386,0002,665,0008,881,0003,620,0005,641,00029,729,0001,620,0003,798,00011,158,00020,375,00023,878,0002,857,000
Cash32,291,00034,308,00052,388,00030,812,00028,218,00034,793,00016,834,000130,463,000120,421,000120,686,000143,489,000134,235,000120,021,00096,726,00056,246,000
misc current assets188,00011,000104,000395,0001,766,00062,813,00048,141,0001,030,000
total current assets82,295,00098,694,000106,025,00089,811,000100,755,000127,643,000113,746,000250,223,000267,318,000217,207,000207,598,000183,781,000153,339,000125,100,00091,045,000
total assets137,545,000164,105,000163,824,000149,591,000152,002,000188,408,000176,706,000313,188,000288,772,000229,581,000218,992,000193,112,000159,535,000131,568,00097,871,000
Bank overdraft347,000
Bank loan347,000347,000347,000347,000347,000347,000
Trade Creditors 9,856,00017,229,0004,269,00048,649,0008,055,00095,464,00090,505,0006,856,0007,749,0003,467,0004,687,0006,718,0005,178,00054,258,0003,476,000
Group/Directors Accounts17,147,00011,932,0004,920,0008,948,0001,998,0005,933,0003,312,0004,018,0002,474,000
other short term finances5,614,000
hp & lease commitments1,617,0001,644,0001,436,0001,198,000
other current liabilities6,366,00010,826,00043,995,0009,397,00033,902,0002,123,0003,945,00028,593,00031,972,00026,130,00038,290,00041,815,00051,208,00012,944,00050,928,000
total current liabilities34,986,00041,631,00049,700,00059,244,00041,957,00097,587,00094,450,00045,983,00049,016,00029,944,00045,322,00054,813,00060,045,00071,567,00057,225,000
loans14,584,00014,238,000360,000991,000780,0001,127,0001,473,0001,820,0002,167,0002,513,0002,860,000
hp & lease commitments5,237,0006,809,0007,292,0007,119,000
Accruals and Deferred Income
other liabilities468,000404,000933,0007,243,000
provisions2,000,0004,712,0007,634,00029,240,00018,682,0001,160,0001,904,000848,000242,000
total long term liabilities7,237,00011,521,00011,577,00021,739,0009,745,0001,513,0008,555,00019,650,0005,742,0003,703,0006,908,0009,650,00010,524,0008,868,0008,679,000
total liabilities42,223,00053,152,00061,277,00080,983,00051,702,00099,100,000103,005,00065,633,00054,758,00033,647,00052,230,00064,463,00070,569,00080,435,00065,904,000
net assets95,322,000110,953,000102,547,00068,608,000100,300,00089,308,00073,701,000247,555,000234,014,000195,934,000166,762,000128,649,00088,966,00051,133,00031,967,000
total shareholders funds95,322,000110,953,000102,547,00068,608,000100,300,00089,308,00073,701,000247,555,000234,014,000195,934,000166,762,000128,649,00088,966,00051,133,00031,967,000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit32,154,00045,596,00034,323,00035,131,00019,265,00025,275,00019,511,00029,821,00047,627,00060,510,00047,588,00052,617,00038,124,00025,187,00023,344,000
Depreciation386,0002,289,0002,187,0001,764,000710,000948,0001,227,000557,000547,000510,000437,000454,000448,000436,000434,000
Amortisation405,0001,108,0001,705,0001,705,0002,382,0002,922,0003,420,0001,195,000598,000
Tax-7,328,000-9,068,000-8,044,000-6,801,000-4,906,000-5,042,000-3,362,000-6,152,000-10,123,000-14,036,000-11,806,000-13,336,000-10,606,000-7,246,000-6,732,000
Stock1,086,000-24,000-455,000-834,0001,732,000334,000313,000400,000-4,765,0001,591,000-393,000-813,0003,037,000-1,943,0003,288,000
Debtors-15,468,00010,645,000-6,906,000-8,768,000-23,459,000-3,025,00037,886,000-42,209,0008,030,00029,791,00014,956,00017,041,0001,907,000-4,482,00031,511,000
Creditors-7,373,00012,960,000-44,380,00040,594,000-87,409,0004,959,00083,649,000-893,0004,282,000-1,220,000-2,031,0001,540,000-49,080,00050,782,0003,476,000
Accruals and Deferred Income-4,460,000-33,169,00034,598,000-24,505,00031,779,000-1,822,000-24,648,000-3,379,0005,842,000-12,160,000-3,525,000-9,393,00038,264,000-37,984,00050,928,000
Deferred Taxes & Provisions-2,712,000-2,922,000-21,606,00010,558,00017,522,000-744,0001,056,000606,000242,000
Cash flow from operations25,454,0006,173,0006,144,00068,048,0001,070,00029,187,00042,654,00063,564,00045,750,0002,222,00016,100,00015,654,00012,206,00037,600,00036,651,000
Investing Activities
capital expenditure3,558,00015,897,000-89,000-14,140,0006,426,000-1,675,000-22,990,000-32,843,000-9,410,000-252,000-188,000-496,000-176,000-78,000-6,790,000
Change in Investments-5,812,0008,711,000-169,000-300,00010,420,000815,0001,238,0002,312,0003,093,000470,000
cash flow from investments9,370,0007,186,000-89,000-13,971,0006,726,000-1,675,000-22,990,000-43,263,000-10,225,000-1,490,000-2,500,000-3,589,000-176,000-78,000-7,260,000
Financing Activities
Bank loans-347,000347,000
Group/Directors Accounts5,215,00011,932,000-4,920,000-4,028,0008,948,000-1,998,000-3,935,0002,621,000-706,0001,544,0002,474,000
Other Short Term Loans -5,614,0005,614,000
Long term loans-14,584,000346,00014,238,000-360,000-631,000211,000-347,000-346,000-347,000-347,000-346,000-347,0002,860,000
Hire Purchase and Lease Commitments-1,599,000-275,000411,0008,317,000
other long term liabilities-468,000468,000-404,000-529,000-6,310,0007,243,000
share issue-8,097,0004,131,0007,002,000-59,784,000-9,566,0002,753,0004,869,000-12,840,000-3,659,000-617,00090,000-141,00010,125,00013,116,00027,014,000
interest2,970,00014,895,000657,000-68,000-37,000-226,000628,0002,491,0002,409,0004,270,0002,241,000543,000190,00032,000341,000
cash flow from financing-1,511,00015,631,0008,884,000-37,701,000-10,132,000-4,143,0001,575,000-8,552,0007,004,0001,309,000-1,951,0002,676,0009,263,00014,345,00033,036,000
cash and cash equivalents
cash-2,017,000-18,080,00021,576,0002,594,000-6,575,00017,959,000-113,629,00010,042,000-265,000-22,803,0009,254,00014,214,00023,295,00040,480,00056,246,000
overdraft-347,000347,000
change in cash-2,017,000-18,080,00021,576,0002,594,000-6,575,00017,959,000-113,629,00010,389,000-612,000-22,803,0009,254,00014,214,00023,295,00040,480,00056,246,000

cubic transportation systems limited Credit Report and Business Information

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Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cubic Transportation Systems Limited Competitor Analysis

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cubic transportation systems limited Ownership

CUBIC TRANSPORTATION SYSTEMS LIMITED group structure

Cubic Transportation Systems Limited has no subsidiary companies.

Ultimate parent company

CUBIC CORPORATION

#0009106

2 parents

CUBIC TRANSPORTATION SYSTEMS LIMITED

01381707

CUBIC TRANSPORTATION SYSTEMS LIMITED Shareholders

cubic surface transportation systems limited 100%

cubic transportation systems limited directors

Cubic Transportation Systems Limited currently has 3 directors. The longest serving directors include Mr David Wear (Oct 2017) and Mr Matthew Luxton (Jun 2022).

officercountryagestartendrole
Mr David WearEngland57 years Oct 2017- Director
Mr Matthew LuxtonUnited States58 years Jun 2022- Director
Mr Travis ChesterUnited States55 years Jun 2022- Director

P&L

September 2023

turnover

176.6m

+8%

operating profit

32.2m

-29%

gross margin

36.4%

-24.25%

turnover

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

Balance Sheet

September 2023

net assets

95.3m

-0.14%

total assets

137.5m

-0.16%

cash

32.3m

-0.06%

net assets

Total assets minus all liabilities

cubic transportation systems limited company details

company number

01381707

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

52219 - Other service activities incidental to land transportation, n.e.c. (not including operation of rail freight terminals, passenger facilities at railway stations or passenger facilities at bus and coach stations)

incorporation date

August 1978

age

47

incorporated

UK

ultimate parent company

CUBIC CORPORATION

accounts

Full Accounts

last accounts submitted

September 2023

previous names

westinghouse cubic limited (April 1997)

accountant

-

auditor

RSM UK AUDIT LLP

address

afc house, honeycrock lane, salfords redhill, surrey, RH1 5LA

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

cubic transportation 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 30 charges/mortgages relating to cubic transportation systems limited. Currently there are 1 open charges and 29 have been satisfied in the past.

cubic transportation 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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cubic transportation systems limited Companies House Filings - See Documents

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