roots systems limited
roots systems limited Company Information
Company Number
01676736
Next Accounts
Feb 2025
Industry
Manufacture of other special-purpose machinery n.e.c.
Shareholders
rotolok (holdings) ltd
Group Structure
View All
Contact
Registered Address
1 millennium place, tiverton business park, tiverton, devon, EX16 6SB
Website
www.roots-blowers.comroots systems limited Estimated Valuation
Pomanda estimates the enterprise value of ROOTS SYSTEMS LIMITED at £5.5m based on a Turnover of £7.4m and 0.74x industry multiple (adjusted for size and gross margin).
roots systems limited Estimated Valuation
Pomanda estimates the enterprise value of ROOTS SYSTEMS LIMITED at £5.1m based on an EBITDA of £927.3k and a 5.51x industry multiple (adjusted for size and gross margin).
roots systems limited Estimated Valuation
Pomanda estimates the enterprise value of ROOTS SYSTEMS LIMITED at £4.9m based on Net Assets of £2.3m and 2.15x industry multiple (adjusted for liquidity).
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Roots Systems Limited Overview
Roots Systems Limited is a live company located in tiverton, EX16 6SB with a Companies House number of 01676736. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in November 1982, it's largest shareholder is rotolok (holdings) ltd with a 100% stake. Roots Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.4m with declining growth in recent years.
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Roots Systems Limited Health Check
Pomanda's financial health check has awarded Roots Systems Limited a 2.5 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
2 Strong
3 Regular
7 Weak
Size
annual sales of £7.4m, make it smaller than the average company (£11.3m)
£7.4m - Roots Systems Limited
£11.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.6%)
-1% - Roots Systems Limited
2.6% - Industry AVG
Production
with a gross margin of 35.7%, this company has a comparable cost of product (30.9%)
35.7% - Roots Systems Limited
30.9% - Industry AVG
Profitability
an operating margin of 11.4% make it more profitable than the average company (6.3%)
11.4% - Roots Systems Limited
6.3% - Industry AVG
Employees
with 62 employees, this is similar to the industry average (63)
62 - Roots Systems Limited
63 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£49.2k)
£40.4k - Roots Systems Limited
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £119.4k, this is less efficient (£178.6k)
£119.4k - Roots Systems Limited
£178.6k - Industry AVG
Debtor Days
it gets paid by customers after 126 days, this is later than average (62 days)
126 days - Roots Systems Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (46 days)
67 days - Roots Systems Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 179 days, this is more than average (90 days)
179 days - Roots Systems Limited
90 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Roots Systems Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.1%, this is a higher level of debt than the average (48.7%)
69.1% - Roots Systems Limited
48.7% - Industry AVG
ROOTS SYSTEMS LIMITED financials
Roots Systems Limited's latest turnover from May 2023 is £7.4 million and the company has net assets of £2.3 million. According to their latest financial statements, Roots Systems Limited has 62 employees and maintains cash reserves of £95.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,401,488 | 5,534,472 | 7,058,719 | 7,615,460 | 3,911,674 | 3,837,816 | 4,269,103 | 5,435,198 | 6,041,658 | 4,793,081 | 8,147,584 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 4,756,150 | 4,152,983 | 5,995,741 | 5,772,270 | 2,887,465 | 2,939,293 | 3,587,029 | 3,914,752 | 4,435,595 | 3,118,812 | 5,490,090 | |||
| Gross Profit | 2,645,338 | 1,381,489 | 1,062,978 | 1,843,190 | 1,024,209 | 898,523 | 682,074 | 1,520,446 | 1,606,063 | 1,674,269 | 2,657,494 | |||
| Admin Expenses | 1,799,851 | 1,759,669 | 1,967,969 | 1,395,388 | 1,034,049 | 1,122,988 | 1,248,325 | 1,304,289 | 1,076,942 | 1,311,461 | 1,043,051 | |||
| Operating Profit | 845,487 | -378,180 | -904,991 | 447,802 | -9,840 | -224,465 | -566,251 | 216,157 | 529,121 | 362,808 | 1,614,443 | |||
| Interest Payable | 4 | 95 | 418 | 0 | 0 | 0 | 45 | 0 | 4,663 | 3,110 | 4,808 | |||
| Interest Receivable | 0 | 385 | 0 | 74 | 0 | 6 | 664 | 153 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 845,483 | -377,890 | 42,645 | 447,876 | -9,840 | -224,471 | -474,973 | 210,121 | 546,475 | 359,698 | 1,609,635 | |||
| Tax | -167,693 | 12,027 | -9,409 | -88,037 | -19,402 | 6,626 | 36,501 | -42,359 | -154,090 | -39,008 | -382,769 | |||
| Profit After Tax | 677,790 | -365,863 | 33,236 | 359,839 | -29,242 | -217,845 | -438,472 | 167,762 | 392,385 | 320,690 | 1,226,866 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 677,790 | -365,863 | 33,236 | 359,839 | -29,242 | -217,845 | -438,472 | 167,762 | 392,385 | 320,690 | 1,226,866 | |||
| Employee Costs | 2,504,299 | 2,481,389 | 2,573,572 | 2,144,901 | 1,429,064 | 1,725,808 | 1,859,496 | 2,056,518 | 1,713,810 | 1,524,077 | 1,671,983 | |||
| Number Of Employees | 62 | 64 | 71 | 62 | 49 | 55 | 61 | 66 | 57 | 51 | 48 | |||
| EBITDA* | 927,298 | -293,445 | -805,897 | 573,857 | 110,460 | -113,494 | -437,086 | 361,903 | 681,732 | 460,387 | 1,652,568 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 450,719 | 469,976 | 547,970 | 1,066,185 | 1,057,903 | 1,023,014 | 1,136,800 | 1,242,710 | 1,039,936 | 1,174,155 | 400,418 | 427,120 | 442,280 | 484,683 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 450,719 | 469,976 | 547,970 | 1,066,185 | 1,057,903 | 1,023,014 | 1,136,800 | 1,242,710 | 1,039,936 | 1,174,155 | 400,418 | 427,120 | 442,280 | 484,683 |
| Stock & work in progress | 2,334,833 | 1,951,401 | 1,680,733 | 1,622,463 | 1,059,979 | 1,034,317 | 1,030,530 | 919,504 | 723,564 | 773,556 | 539,239 | 486,580 | 523,215 | 523,866 |
| Trade Debtors | 2,573,792 | 1,271,506 | 1,923,535 | 3,682,504 | 2,356,445 | 1,303,312 | 271,412 | 1,997,356 | 2,347,414 | 1,185,918 | 1,773,959 | 6,202,043 | 2,875,376 | 1,642,879 |
| Group Debtors | 1,609,573 | 440,954 | 153,260 | 1,523,118 | 756,816 | 1,324,318 | 2,544,660 | 2,670,156 | 2,223,079 | 2,478,814 | 1,994,582 | 0 | 0 | 0 |
| Misc Debtors | 357,265 | 317,725 | 1,788,756 | 353,979 | 125,783 | 173,603 | 1,042,184 | 219,118 | 394,208 | 420,011 | 978,110 | 0 | 0 | 0 |
| Cash | 95,272 | 153,983 | 50,244 | 1,072,692 | 1,333,014 | 823,904 | 96,719 | 88,180 | 712,665 | 258,242 | 57,069 | 65,235 | 113,627 | 821,161 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,970,735 | 4,135,569 | 5,596,528 | 8,254,756 | 5,632,037 | 4,659,454 | 4,985,505 | 5,894,314 | 6,400,930 | 5,116,541 | 5,342,959 | 6,753,858 | 3,512,218 | 2,987,906 |
| total assets | 7,421,454 | 4,605,545 | 6,144,498 | 9,320,941 | 6,689,940 | 5,682,468 | 6,122,305 | 7,137,024 | 7,440,866 | 6,290,696 | 5,743,377 | 7,180,978 | 3,954,498 | 3,472,589 |
| Bank overdraft | 0 | 1,286 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108,721 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 877,055 | 611,112 | 920,609 | 2,024,269 | 1,839,409 | 434,545 | 739,586 | 642,442 | 1,229,948 | 503,520 | 439,838 | 3,858,578 | 1,045,290 | 819,197 |
| Group/Directors Accounts | 47,834 | 466,149 | 1,317,084 | 1,733,072 | 0 | 9,197 | 0 | 77,655 | 162,038 | 91,059 | 95,361 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 3,991,948 | 1,720,516 | 1,691,180 | 380,253 | 112,076 | 492,100 | 402,996 | 936,537 | 726,135 | 825,695 | 512,614 | 0 | 0 | 0 |
| total current liabilities | 4,916,837 | 2,799,063 | 3,928,873 | 4,137,594 | 1,951,485 | 935,842 | 1,142,582 | 1,656,634 | 2,118,121 | 1,420,274 | 1,156,534 | 3,858,578 | 1,045,290 | 819,197 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 213,957 | 193,612 | 236,892 | 237,850 | 152,797 | 131,726 | 146,978 | 209,173 | 219,290 | 159,352 | 196,463 | 158,886 | 111,286 | 145,187 |
| total long term liabilities | 213,957 | 193,612 | 236,892 | 237,850 | 152,797 | 131,726 | 146,978 | 209,173 | 219,290 | 159,352 | 196,463 | 158,886 | 111,286 | 145,187 |
| total liabilities | 5,130,794 | 2,992,675 | 4,165,765 | 4,375,444 | 2,104,282 | 1,067,568 | 1,289,560 | 1,865,807 | 2,337,411 | 1,579,626 | 1,352,997 | 4,017,464 | 1,156,576 | 964,384 |
| net assets | 2,290,660 | 1,612,870 | 1,978,733 | 4,945,497 | 4,585,658 | 4,614,900 | 4,832,745 | 5,271,217 | 5,103,455 | 4,711,070 | 4,390,380 | 3,163,514 | 2,797,922 | 2,508,205 |
| total shareholders funds | 2,290,660 | 1,612,870 | 1,978,733 | 4,945,497 | 4,585,658 | 4,614,900 | 4,832,745 | 5,271,217 | 5,103,455 | 4,711,070 | 4,390,380 | 3,163,514 | 2,797,922 | 2,508,205 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 845,487 | -378,180 | -904,991 | 447,802 | -9,840 | -224,465 | -566,251 | 216,157 | 529,121 | 362,808 | 1,614,443 | |||
| Depreciation | 81,811 | 84,735 | 99,094 | 126,055 | 120,300 | 110,971 | 129,165 | 145,746 | 152,611 | 97,579 | 38,125 | 39,748 | 39,780 | 46,391 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -167,693 | 12,027 | -9,409 | -88,037 | -19,402 | 6,626 | 36,501 | -42,359 | -154,090 | -39,008 | -382,769 | |||
| Stock | 383,432 | 270,668 | 58,270 | 562,484 | 25,662 | 3,787 | 111,026 | 195,940 | -49,992 | 234,317 | 52,659 | -36,635 | -651 | 523,866 |
| Debtors | 2,510,445 | -1,835,366 | -1,694,050 | 2,320,557 | 437,811 | -1,057,023 | -1,028,374 | -78,071 | 879,958 | -661,908 | -1,455,392 | 3,326,667 | 1,232,497 | 1,642,879 |
| Creditors | 265,943 | -309,497 | -1,103,660 | 184,860 | 1,404,864 | -305,041 | 97,144 | -587,506 | 726,428 | 63,682 | -3,418,740 | 2,813,288 | 226,093 | 819,197 |
| Accruals and Deferred Income | 2,271,432 | 29,336 | 1,310,927 | 268,177 | -380,024 | 89,104 | -533,541 | 210,402 | -99,560 | 313,081 | 512,614 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 20,345 | -43,280 | -958 | 85,053 | 21,071 | -15,252 | -62,195 | -10,117 | 59,938 | -37,111 | 37,577 | 47,600 | -33,901 | 145,187 |
| Cash flow from operations | 423,448 | 959,839 | 1,026,783 | -1,859,131 | 673,496 | 715,179 | 18,171 | -185,546 | 384,482 | 1,188,622 | -196,017 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 208 | 0 | -348,520 | -18,642 | -871,316 | -24,426 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 208 | 0 | -348,520 | -18,642 | -871,316 | -24,426 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -418,315 | -850,935 | -415,988 | 1,733,072 | -9,197 | 9,197 | -77,655 | -84,383 | 70,979 | -4,302 | 95,361 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -4 | 290 | -418 | 74 | 0 | 6 | 619 | 153 | -4,663 | -3,110 | -4,808 | |||
| cash flow from financing | -418,319 | -850,645 | -3,416,406 | 1,733,146 | -9,197 | 9,203 | -77,036 | -84,230 | 66,316 | -7,412 | 90,553 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -58,711 | 103,739 | -1,022,448 | -260,322 | 509,110 | 727,185 | 8,539 | -624,485 | 454,423 | 201,173 | -8,166 | -48,392 | -707,534 | 821,161 |
| overdraft | -1,286 | 1,286 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -108,721 | 108,721 | 0 | 0 | 0 |
| change in cash | -57,425 | 102,453 | -1,022,448 | -260,322 | 509,110 | 727,185 | 8,539 | -624,485 | 454,423 | 309,894 | -116,887 | -48,392 | -707,534 | 821,161 |
roots systems limited Credit Report and Business Information
Roots Systems Limited Competitor Analysis
Perform a competitor analysis for roots systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EX16 area or any other competitors across 12 key performance metrics.
roots systems limited Ownership
ROOTS SYSTEMS LIMITED group structure
Roots Systems Limited has no subsidiary companies.
Ultimate parent company
2 parents
ROOTS SYSTEMS LIMITED
01676736
roots systems limited directors
Roots Systems Limited currently has 4 directors. The longest serving directors include Mr Graham Hook (Apr 1991) and Mrs Ann McCauley (Jul 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graham Hook | United Kingdom | 73 years | Apr 1991 | - | Director |
| Mrs Ann McCauley | United Kingdom | 75 years | Jul 2013 | - | Director |
| Mr Sean Swales | England | 56 years | Feb 2015 | - | Director |
| Mr Nigel Dolphin | England | 63 years | Apr 2019 | - | Director |
P&L
May 2023turnover
7.4m
+34%
operating profit
845.5k
-324%
gross margin
35.8%
+43.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
2.3m
+0.42%
total assets
7.4m
+0.61%
cash
95.3k
-0.38%
net assets
Total assets minus all liabilities
roots systems limited company details
company number
01676736
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
November 1982
age
42
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
roots systems (1984) ltd. (September 1989)
rotomark limited (November 1984)
accountant
-
auditor
PEPLOWS LIMITED
address
1 millennium place, tiverton business park, tiverton, devon, EX16 6SB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
roots 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 10 charges/mortgages relating to roots systems limited. Currently there are 2 open charges and 8 have been satisfied in the past.
roots 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.
Click to start generating capital raising & share issue transactions for ROOTS SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
roots systems limited Companies House Filings - See Documents
| date | description | view/download |
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