searchgrade limited
searchgrade limited Company Information
Company Number
01784954
Registered Address
quadrant house, floor 6, 4 thomas more square, london, E1W 1YW
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
structadene limited 66.7%
grs russell limited 33.3%
searchgrade limited Estimated Valuation
Pomanda estimates the enterprise value of SEARCHGRADE LIMITED at £16.4m based on a Turnover of £6.5m and 2.54x industry multiple (adjusted for size and gross margin).
searchgrade limited Estimated Valuation
Pomanda estimates the enterprise value of SEARCHGRADE LIMITED at £27.4m based on an EBITDA of £4.4m and a 6.17x industry multiple (adjusted for size and gross margin).
searchgrade limited Estimated Valuation
Pomanda estimates the enterprise value of SEARCHGRADE LIMITED at £64.3m based on Net Assets of £45.8m and 1.4x industry multiple (adjusted for liquidity).
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Searchgrade Limited Overview
Searchgrade Limited is a live company located in london, E1W 1YW with a Companies House number of 01784954. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 1984, it's largest shareholder is structadene limited with a 66.7% stake. Searchgrade Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.5m with healthy growth in recent years.
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Searchgrade Limited Health Check
Pomanda's financial health check has awarded Searchgrade Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £6.5m, make it larger than the average company (£858.4k)
£6.5m - Searchgrade Limited
£858.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (1.5%)
14% - Searchgrade Limited
1.5% - Industry AVG
Production
with a gross margin of 68.1%, this company has a comparable cost of product (67.2%)
68.1% - Searchgrade Limited
67.2% - Industry AVG
Profitability
an operating margin of 68.6% make it more profitable than the average company (51.4%)
68.6% - Searchgrade Limited
51.4% - Industry AVG
Employees
with 33 employees, this is above the industry average (4)
- Searchgrade Limited
4 - Industry AVG
Pay Structure
on an average salary of £37.9k, the company has an equivalent pay structure (£37.9k)
- Searchgrade Limited
£37.9k - Industry AVG
Efficiency
resulting in sales per employee of £195.8k, this is equally as efficient (£197.3k)
- Searchgrade Limited
£197.3k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (27 days)
91 days - Searchgrade Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (31 days)
18 days - Searchgrade Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Searchgrade Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Searchgrade Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73%, this is a higher level of debt than the average (62.8%)
73% - Searchgrade Limited
62.8% - Industry AVG
searchgrade limited Credit Report and Business Information
Searchgrade Limited Competitor Analysis
Perform a competitor analysis for searchgrade limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
searchgrade limited Ownership
SEARCHGRADE LIMITED group structure
Searchgrade Limited has 5 subsidiary companies.
Ultimate parent company
SEARCHGRADE LIMITED
01784954
5 subsidiaries
searchgrade limited directors
Searchgrade Limited currently has 4 directors. The longest serving directors include Mr Howard Pearlman (Aug 2017) and Mr James Thomson (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Howard Pearlman | 48 years | Aug 2017 | - | Director | |
| Mr James Thomson | 52 years | Dec 2023 | - | Director | |
| Mr Andrew Bliss | 42 years | Dec 2023 | - | Director | |
| Mr William Tuffy | 61 years | Dec 2023 | - | Director |
SEARCHGRADE LIMITED financials
Searchgrade Limited's latest turnover from September 2022 is £6.5 million and the company has net assets of £45.8 million. According to their latest financial statements, we estimate that Searchgrade Limited has 33 employees and maintains cash reserves of £147.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 6,462,749 | 5,276,740 | 6,025,693 | 4,337,969 | 3,885,352 | 3,824,452 | 3,423,523 | 2,311,082 | 6,902,129 | 7,244,221 | 7,692,426 | 9,651,642 | 12,250,778 | 13,812,736 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,064,311 | 1,613,879 | 2,056,929 | 1,217,629 | 828,968 | 776,521 | 565,516 | 580,745 | 1,476,029 | 1,878,831 | 1,645,367 | 1,652,192 | 1,488,795 | 1,295,691 |
| Gross Profit | 4,398,438 | 3,662,861 | 3,968,764 | 3,120,340 | 3,056,384 | 3,047,931 | 2,858,007 | 1,730,337 | 5,426,100 | 5,365,390 | 6,047,059 | 7,999,450 | 10,761,983 | 12,517,045 |
| Admin Expenses | -34,987 | 77,353 | 34,211 | 104,356 | 157,799 | 64,896 | 69,605 | 19,091 | 58,193 | 85,772 | 97,304 | 26,591 | 27,005 | 37,894 |
| Operating Profit | 4,433,425 | 3,585,508 | 3,934,553 | 3,015,984 | 2,898,585 | 2,983,035 | 2,788,402 | 1,711,246 | 5,367,907 | 5,279,618 | 5,949,755 | 7,972,859 | 10,734,978 | 12,479,151 |
| Interest Payable | 376 | 327 | 109,983 | 189,060 | 106,195 | 0 | 252,229 | 70 | 5,394 | 2,180 | 9,789 | 2,287 | 33,457 | 4,579 |
| Interest Receivable | 1,007,161 | 643,617 | 2,711,285 | 9,727 | 2,130,817 | 1,130,616 | 5,178,714 | 176,576 | 9,664 | 5,385 | 10,905 | 9,736 | 18,284 | 7,526 |
| Pre-Tax Profit | 8,386,621 | -448,574 | -4,372,588 | -5,747,190 | 4,518,087 | 2,904,590 | 8,871,509 | 5,241,123 | 108,511,248 | 8,820,629 | 10,533,013 | 8,176,787 | 18,879,132 | 9,934,847 |
| Tax | -792,127 | -857,480 | -1,024,518 | -204,151 | -99,622 | -176,249 | -520,658 | 925,506 | 302,946 | -702,000 | -156,805 | 911,771 | -3,362,823 | -3,225,000 |
| Profit After Tax | 7,594,494 | -1,306,054 | -5,397,106 | -5,951,341 | 4,418,465 | 2,728,341 | 8,350,851 | 6,166,629 | 108,814,194 | 8,118,629 | 10,376,208 | 9,088,558 | 15,516,309 | 6,709,847 |
| Dividends Paid | 5,500,000 | 5,500,000 | 4,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 30,000,000 | 30,000,000 | 27,560,000 | 10,000,000 | 0 | 12,000,000 | 10,000,000 | 0 |
| Retained Profit | 2,094,494 | -6,806,054 | -9,397,106 | -10,951,341 | -581,535 | -2,271,659 | -21,649,149 | -23,833,371 | 81,254,194 | -1,881,371 | 10,376,208 | -2,911,442 | 5,516,309 | 6,709,847 |
| Employee Costs | 0 | |||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 2 | 3 | ||||||||
| EBITDA* | 4,433,425 | 3,585,508 | 3,934,553 | 3,015,984 | 2,898,585 | 2,983,035 | 2,788,402 | 1,711,246 | 5,367,907 | 5,279,618 | 5,949,755 | 7,972,859 | 10,734,978 | 12,479,151 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 50,585,505 | 34,811,001 | 29,581,000 | 0 | 0 | 104,011,002 | 130,555,752 | 174,676,002 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 121,197,972 | 106,997,219 | 113,043,799 | 121,623,791 | 81,475,036 | 71,014,081 | 21,823,586 | 24,585,229 | 13,273,289 | 104,868,854 | 114,798,295 | 8,127,831 | 9,104,875 | 7,033,455 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 121,197,972 | 106,997,219 | 113,043,799 | 121,623,791 | 81,475,036 | 71,014,081 | 72,409,091 | 59,396,230 | 42,854,289 | 104,868,854 | 114,798,295 | 112,138,833 | 139,660,627 | 181,709,457 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,614,663 | 1,515,359 | 1,724,167 | 587,563 | 449,272 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 46,407,140 | 46,857,894 | 47,685,669 | 47,212,776 | 49,574,952 | 29,172,686 | 8,528,983 | 41,386,179 | 68,378,679 | 10,810,052 | 8,974,679 | 2,845,692 | 2,706,428 | 2,646,904 |
| Misc Debtors | 391,365 | 375,573 | 310,218 | 233,747 | 1,589,370 | 880,571 | 910,123 | 614,789 | 541,064 | 929,450 | 1,327,467 | 1,925,316 | 1,382,662 | 1,127,341 |
| Cash | 147,462 | 120,795 | 178,456 | 28,516 | 61,208 | 78,784 | 385,184 | 16,389 | 69,152 | 95,670 | 38,468 | 80,703 | 173,374 | 23,577 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 48,560,630 | 48,869,621 | 49,898,510 | 48,062,602 | 51,225,530 | 30,132,041 | 9,824,290 | 42,017,357 | 68,988,895 | 11,835,172 | 10,340,614 | 4,851,711 | 4,262,464 | 3,797,822 |
| total assets | 169,758,602 | 155,866,840 | 162,942,309 | 169,686,393 | 132,700,566 | 101,146,122 | 82,233,381 | 101,413,587 | 111,843,184 | 116,704,026 | 125,138,909 | 116,990,544 | 143,923,091 | 185,507,279 |
| Bank overdraft | 0 | 0 | 0 | 6,689,606 | 10,521 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,033 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 103,995 | 79,340 | 76,772 | 59,962 | 85,696 | 402,313 | 141,732 | 76,679 | 106,007 | 169,329 | 98,102 | 68,641 | 0 | 0 |
| Group/Directors Accounts | 120,301,819 | 107,870,717 | 108,652,138 | 98,274,228 | 51,043,114 | 26,667,316 | 4,932,636 | 4,495,228 | 3,339 | 86,438,201 | 101,198,896 | 108,657,343 | 127,703,429 | 170,332,158 |
| 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 | 3,386,150 | 4,049,739 | 3,365,071 | 2,956,522 | 1,674,537 | 1,645,826 | 2,746,790 | 1,454,458 | 1,628,436 | 3,624,963 | 3,973,918 | 3,701,370 | 4,787,183 | 6,355,668 |
| total current liabilities | 123,791,964 | 111,999,796 | 112,093,981 | 107,980,318 | 52,813,868 | 28,715,455 | 7,821,158 | 6,026,365 | 1,737,782 | 90,232,493 | 105,270,916 | 112,427,354 | 132,490,612 | 176,700,859 |
| loans | 0 | 0 | 0 | 0 | 6,689,606 | 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 | 152,928 | 157,328 | 71,088 | 56,299 | 64,571 | 417,844 | 606,412 | 1,077,615 | 89,000 | 89,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 152,928 | 157,328 | 71,088 | 56,299 | 6,754,177 | 417,844 | 606,412 | 1,077,615 | 89,000 | 89,000 | 0 | 0 | 0 | 0 |
| total liabilities | 123,944,892 | 112,157,124 | 112,165,069 | 108,036,617 | 59,568,045 | 29,133,299 | 8,427,570 | 7,103,980 | 1,826,782 | 90,321,493 | 105,270,916 | 112,427,354 | 132,490,612 | 176,700,859 |
| net assets | 45,813,710 | 43,709,716 | 50,777,240 | 61,649,776 | 73,132,521 | 72,012,823 | 73,805,811 | 94,309,607 | 110,016,402 | 26,382,533 | 19,867,993 | 4,563,190 | 11,432,479 | 8,806,420 |
| total shareholders funds | 45,813,710 | 43,709,716 | 50,777,240 | 61,649,776 | 73,132,521 | 72,012,823 | 73,805,811 | 94,309,607 | 110,016,402 | 26,382,533 | 19,867,993 | 4,563,190 | 11,432,479 | 8,806,420 |
| 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 | 4,433,425 | 3,585,508 | 3,934,553 | 3,015,984 | 2,898,585 | 2,983,035 | 2,788,402 | 1,711,246 | 5,367,907 | 5,279,618 | 5,949,755 | 7,972,859 | 10,734,978 | 12,479,151 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -792,127 | -857,480 | -1,024,518 | -204,151 | -99,622 | -176,249 | -520,658 | 925,506 | 302,946 | -702,000 | -156,805 | 911,771 | -3,362,823 | -3,225,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -335,658 | -971,228 | 1,685,968 | -3,130,236 | 21,111,065 | 20,614,151 | -32,561,862 | -26,918,775 | 57,180,241 | 1,437,356 | 5,531,138 | 681,918 | 314,845 | 3,774,245 |
| Creditors | 24,655 | 2,568 | 16,810 | -25,734 | -316,617 | 260,581 | 65,053 | -29,328 | -63,322 | 71,227 | 29,461 | 68,641 | 0 | 0 |
| Accruals and Deferred Income | -663,589 | 684,668 | 408,549 | 1,281,985 | 28,711 | -1,100,964 | 1,292,332 | -173,978 | -1,996,527 | -348,955 | 272,548 | -1,085,813 | -1,568,485 | 6,355,668 |
| Deferred Taxes & Provisions | -4,400 | 86,240 | 14,789 | -8,272 | -353,273 | -188,568 | -471,203 | 988,615 | 0 | 89,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,333,622 | 4,472,732 | 1,664,215 | 7,190,048 | -18,953,281 | -18,836,316 | 35,715,788 | 30,340,836 | -53,569,237 | 2,951,534 | 563,821 | 5,488,825 | 11,835,574 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 14,200,753 | -6,046,580 | -8,579,992 | 40,148,755 | 10,460,955 | 49,190,495 | -2,761,643 | 11,311,940 | -91,595,565 | -9,929,441 | 106,670,464 | -977,044 | 2,071,420 | 7,033,455 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 12,431,102 | -781,421 | 10,377,910 | 47,231,114 | 24,375,798 | 21,734,680 | 437,408 | 4,491,889 | -86,434,862 | -14,760,695 | -7,458,447 | -19,046,086 | -42,628,729 | 170,332,158 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -6,689,606 | 6,689,606 | 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 | 1,006,785 | 643,290 | 2,601,302 | -179,333 | 2,024,622 | 1,130,616 | 4,926,485 | 176,506 | 4,270 | 3,205 | 1,116 | 7,449 | -15,173 | 2,947 |
| cash flow from financing | 13,447,387 | -399,601 | 11,503,782 | 39,830,771 | 34,791,259 | 23,343,967 | 6,509,246 | 12,794,971 | -84,050,917 | -6,361,579 | -2,528,736 | -22,996,484 | -45,534,152 | 172,431,678 |
| cash and cash equivalents | ||||||||||||||
| cash | 26,667 | -57,661 | 149,940 | -32,692 | -17,576 | -306,400 | 368,795 | -52,763 | -26,518 | 57,202 | -42,235 | -92,671 | 149,797 | 23,577 |
| overdraft | 0 | 0 | -6,689,606 | 6,679,085 | 10,521 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,033 | 13,033 |
| change in cash | 26,667 | -57,661 | 6,839,546 | -6,711,777 | -28,097 | -306,400 | 368,795 | -52,763 | -26,518 | 57,202 | -42,235 | -92,671 | 162,830 | 10,544 |
P&L
September 2022turnover
6.5m
+22%
operating profit
4.4m
+24%
gross margin
68.1%
-1.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
45.8m
+0.05%
total assets
169.8m
+0.09%
cash
147.5k
+0.22%
net assets
Total assets minus all liabilities
searchgrade limited company details
company number
01784954
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
January 1984
age
40
accounts
Small Company
ultimate parent company
previous names
sierrapace limited (March 1984)
incorporated
UK
address
quadrant house, floor 6, 4 thomas more square, london, E1W 1YW
last accounts submitted
September 2022
searchgrade 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 237 charges/mortgages relating to searchgrade limited. Currently there are 58 open charges and 179 have been satisfied in the past.
searchgrade limited Companies House Filings - See Documents
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