opsec security limited
opsec security limited Company Information
Company Number
01997954
Website
www.opsecsecurity.comRegistered Address
40 phoenix road, washington, tyne & wear, NE38 0AD
Industry
Other manufacturing n.e.c.
Telephone
01914175434
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
opsec security group holdings (europe) ltd 100%
opsec security limited Estimated Valuation
Pomanda estimates the enterprise value of OPSEC SECURITY LIMITED at £20.4m based on a Turnover of £19.4m and 1.05x industry multiple (adjusted for size and gross margin).
opsec security limited Estimated Valuation
Pomanda estimates the enterprise value of OPSEC SECURITY LIMITED at £9.7m based on an EBITDA of £1.3m and a 7.56x industry multiple (adjusted for size and gross margin).
opsec security limited Estimated Valuation
Pomanda estimates the enterprise value of OPSEC SECURITY LIMITED at £32.6m based on Net Assets of £17.8m and 1.84x industry multiple (adjusted for liquidity).
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Opsec Security Limited Overview
Opsec Security Limited is a live company located in tyne & wear, NE38 0AD with a Companies House number of 01997954. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 1986, it's largest shareholder is opsec security group holdings (europe) ltd with a 100% stake. Opsec Security Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.4m with low growth in recent years.
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Opsec Security Limited Health Check
Pomanda's financial health check has awarded Opsec Security Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £19.4m, make it larger than the average company (£13m)
£19.4m - Opsec Security Limited
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4%)
2% - Opsec Security Limited
4% - Industry AVG
Production
with a gross margin of 42.9%, this company has a lower cost of product (29.5%)
42.9% - Opsec Security Limited
29.5% - Industry AVG
Profitability
an operating margin of 2.8% make it less profitable than the average company (6.3%)
2.8% - Opsec Security Limited
6.3% - Industry AVG
Employees
with 155 employees, this is above the industry average (72)
155 - Opsec Security Limited
72 - Industry AVG
Pay Structure
on an average salary of £48.6k, the company has a higher pay structure (£39.9k)
£48.6k - Opsec Security Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £125.3k, this is less efficient (£170.6k)
£125.3k - Opsec Security Limited
£170.6k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (58 days)
49 days - Opsec Security Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (45 days)
86 days - Opsec Security Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is in line with average (69 days)
66 days - Opsec Security Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - Opsec Security Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.6%, this is a lower level of debt than the average (49.9%)
42.6% - Opsec Security Limited
49.9% - Industry AVG
OPSEC SECURITY LIMITED financials
Opsec Security Limited's latest turnover from March 2023 is £19.4 million and the company has net assets of £17.8 million. According to their latest financial statements, Opsec Security Limited has 155 employees and maintains cash reserves of £670 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,416,000 | 16,091,000 | 16,506,000 | 18,264,000 | 21,472,000 | 20,843,000 | 19,977,000 | 18,142,000 | 15,629,000 | 13,701,000 | 17,890,000 | 13,454,000 | 16,123,000 | 9,303,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,090,000 | 9,277,000 | 9,304,000 | 10,474,000 | 12,262,000 | 12,480,000 | 13,023,000 | 10,501,000 | 10,071,000 | 8,705,000 | 9,777,000 | 9,355,000 | 9,073,000 | 5,482,000 |
| Gross Profit | 8,326,000 | 6,814,000 | 7,202,000 | 7,790,000 | 9,210,000 | 8,363,000 | 6,954,000 | 7,641,000 | 5,558,000 | 4,996,000 | 8,113,000 | 4,099,000 | 7,050,000 | 3,821,000 |
| Admin Expenses | 7,783,000 | 6,441,000 | 5,833,000 | 5,670,000 | 5,519,000 | 5,939,000 | 6,162,000 | 5,383,000 | 4,970,000 | 4,238,000 | 5,790,000 | 3,788,000 | 5,231,000 | 3,426,000 |
| Operating Profit | 543,000 | 373,000 | 1,369,000 | 2,120,000 | 3,691,000 | 2,424,000 | 792,000 | 2,258,000 | 588,000 | 758,000 | 2,323,000 | 311,000 | 1,819,000 | 395,000 |
| Interest Payable | 88,000 | 133,000 | 299,000 | 34,000 | 370,000 | 325,000 | 301,000 | 0 | 0 | 117,000 | 140,000 | 235,000 | 245,000 | 209,000 |
| Interest Receivable | 85,000 | 0 | 0 | 6,000 | 148,000 | 101,000 | 104,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 540,000 | 240,000 | 1,070,000 | 2,092,000 | 3,469,000 | 2,275,000 | -956,000 | 2,065,000 | 393,000 | 512,000 | 2,310,000 | 42,000 | 1,499,000 | 118,000 |
| Tax | 55,000 | 158,000 | -298,000 | -496,000 | -25,000 | -33,000 | 0 | 0 | -42,000 | 43,000 | 0 | 57,000 | 93,000 | -151,000 |
| Profit After Tax | 595,000 | 398,000 | 772,000 | 1,596,000 | 3,444,000 | 2,242,000 | -956,000 | 2,065,000 | 351,000 | 555,000 | 2,310,000 | 99,000 | 1,592,000 | -33,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 1,567,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 595,000 | 398,000 | 772,000 | 1,596,000 | 1,877,000 | 2,242,000 | -956,000 | 2,065,000 | 351,000 | 555,000 | 2,310,000 | 99,000 | 1,592,000 | -33,000 |
| Employee Costs | 7,533,000 | 7,438,000 | 6,320,000 | 6,667,000 | 6,962,000 | 7,030,000 | 7,795,000 | 5,212,000 | 5,016,000 | 4,470,000 | 3,589,000 | 3,007,000 | 3,025,000 | 2,637,000 |
| Number Of Employees | 155 | 147 | 150 | 161 | 171 | 163 | 184 | 132 | 131 | 115 | 94 | 89 | 80 | 83 |
| EBITDA* | 1,284,000 | 1,422,000 | 3,113,000 | 4,354,000 | 5,950,000 | 4,565,000 | 2,630,000 | 3,120,000 | 1,363,000 | 1,428,000 | 2,936,000 | 984,000 | 2,487,000 | 1,125,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,556,000 | 6,443,000 | 4,561,000 | 4,773,000 | 5,242,000 | 4,467,000 | 5,668,000 | 3,696,000 | 4,258,000 | 4,422,000 | 4,037,000 | 2,981,000 | 4,882,000 | 5,071,000 |
| Intangible Assets | 6,108,000 | 5,107,000 | 5,107,000 | 5,543,000 | 5,979,000 | 6,415,000 | 6,851,000 | 4,113,000 | 4,113,000 | 4,113,000 | 4,113,000 | 4,113,000 | 4,113,000 | 4,373,000 |
| Investments & Other | 49,000 | 47,000 | 45,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,895,000 | 1,349,000 |
| Debtors (Due After 1 year) | 1,463,000 | 419,000 | 46,000 | 185,000 | 504,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,201,000 | 11,131,000 | 9,622,000 | 10,131,000 | 11,221,000 | 10,882,000 | 12,519,000 | 7,809,000 | 8,371,000 | 8,535,000 | 8,150,000 | 7,094,000 | 8,995,000 | 9,444,000 |
| Stock & work in progress | 2,031,000 | 1,430,000 | 1,258,000 | 877,000 | 950,000 | 1,001,000 | 927,000 | 702,000 | 980,000 | 920,000 | 702,000 | 1,398,000 | 884,000 | 795,000 |
| Trade Debtors | 2,646,000 | 3,111,000 | 2,361,000 | 3,275,000 | 3,961,000 | 4,691,000 | 4,167,000 | 7,245,000 | 5,889,000 | 3,428,000 | 2,278,000 | 2,378,000 | 3,103,000 | 1,471,000 |
| Group Debtors | 12,320,000 | 7,099,000 | 7,928,000 | 5,024,000 | 989,000 | 0 | 0 | 0 | 0 | 369,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,114,000 | 757,000 | 478,000 | 552,000 | 503,000 | 613,000 | 633,000 | 524,000 | 512,000 | 408,000 | 411,000 | 378,000 | 408,000 | 424,000 |
| Cash | 670,000 | 773,000 | 1,100,000 | 2,640,000 | 2,540,000 | 2,109,000 | 666,000 | 596,000 | 786,000 | 367,000 | 2,011,000 | 234,000 | 1,540,000 | 747,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,781,000 | 13,170,000 | 13,125,000 | 12,368,000 | 8,943,000 | 8,414,000 | 6,393,000 | 9,067,000 | 8,167,000 | 5,492,000 | 5,402,000 | 4,388,000 | 5,935,000 | 3,437,000 |
| total assets | 30,982,000 | 24,301,000 | 22,747,000 | 22,499,000 | 20,164,000 | 19,296,000 | 18,912,000 | 16,876,000 | 16,538,000 | 14,027,000 | 13,552,000 | 11,482,000 | 14,930,000 | 12,881,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,638,000 | 2,883,000 | 1,988,000 | 2,005,000 | 1,773,000 | 2,109,000 | 2,208,000 | 1,554,000 | 1,889,000 | 2,009,000 | 1,482,000 | 1,326,000 | 1,563,000 | 1,479,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,000 | 206,000 | 208,000 | 0 |
| hp & lease commitments | 348,000 | 336,000 | 324,000 | 206,000 | 319,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 208,000 |
| other current liabilities | 7,693,000 | 1,917,000 | 1,387,000 | 1,734,000 | 2,063,000 | 3,901,000 | 5,548,000 | 3,144,000 | 4,868,000 | 2,859,000 | 3,323,000 | 3,823,000 | 6,927,000 | 6,140,000 |
| total current liabilities | 10,679,000 | 5,136,000 | 3,699,000 | 3,945,000 | 4,155,000 | 6,010,000 | 7,756,000 | 4,698,000 | 6,757,000 | 4,868,000 | 4,960,000 | 5,355,000 | 8,698,000 | 7,827,000 |
| loans | 1,584,000 | 2,286,000 | 2,848,000 | 3,404,000 | 1,838,000 | 0 | 0 | 0 | 0 | 0 | 0 | 310,000 | 718,000 | 1,138,000 |
| hp & lease commitments | 792,000 | 1,143,000 | 1,424,000 | 1,702,000 | 919,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 569,000 |
| 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 | 3,468,000 | 1,680,000 | 1,680,000 | 1,680,000 | 1,348,000 | 1,348,000 | 1,440,000 | 1,440,000 | 764,000 | 644,000 | 620,000 | 0 | 0 | 0 |
| total long term liabilities | 2,526,000 | 1,983,000 | 2,264,000 | 2,542,000 | 1,593,000 | 674,000 | 720,000 | 720,000 | 382,000 | 322,000 | 310,000 | 155,000 | 359,000 | 569,000 |
| total liabilities | 13,205,000 | 7,119,000 | 5,963,000 | 6,487,000 | 5,748,000 | 6,684,000 | 8,476,000 | 5,418,000 | 7,139,000 | 5,190,000 | 5,270,000 | 5,510,000 | 9,057,000 | 8,396,000 |
| net assets | 17,777,000 | 17,182,000 | 16,784,000 | 16,012,000 | 14,416,000 | 12,612,000 | 10,436,000 | 11,458,000 | 9,399,000 | 8,837,000 | 8,282,000 | 5,972,000 | 5,873,000 | 4,485,000 |
| total shareholders funds | 17,777,000 | 17,182,000 | 16,784,000 | 16,012,000 | 14,416,000 | 12,612,000 | 10,436,000 | 11,458,000 | 9,399,000 | 8,837,000 | 8,282,000 | 5,972,000 | 5,873,000 | 4,485,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 543,000 | 373,000 | 1,369,000 | 2,120,000 | 3,691,000 | 2,424,000 | 792,000 | 2,258,000 | 588,000 | 758,000 | 2,323,000 | 311,000 | 1,819,000 | 395,000 |
| Depreciation | 741,000 | 1,049,000 | 1,308,000 | 1,798,000 | 1,823,000 | 1,705,000 | 1,402,000 | 862,000 | 775,000 | 670,000 | 613,000 | 673,000 | 668,000 | 730,000 |
| Amortisation | 0 | 0 | 436,000 | 436,000 | 436,000 | 436,000 | 436,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 55,000 | 158,000 | -298,000 | -496,000 | -25,000 | -33,000 | 0 | 0 | -42,000 | 43,000 | 0 | 57,000 | 93,000 | -151,000 |
| Stock | 601,000 | 172,000 | 381,000 | -73,000 | -51,000 | 74,000 | 225,000 | -278,000 | 60,000 | 218,000 | -696,000 | 514,000 | 89,000 | 795,000 |
| Debtors | 6,157,000 | 573,000 | 1,777,000 | 3,079,000 | 653,000 | 504,000 | -2,969,000 | 1,368,000 | 2,196,000 | 1,516,000 | -67,000 | -755,000 | 1,616,000 | 1,895,000 |
| Creditors | -245,000 | 895,000 | -17,000 | 232,000 | -336,000 | -99,000 | 654,000 | -335,000 | -120,000 | 527,000 | 156,000 | -237,000 | 84,000 | 1,479,000 |
| Accruals and Deferred Income | 5,776,000 | 530,000 | -347,000 | -329,000 | -1,838,000 | -1,647,000 | 2,404,000 | -1,724,000 | 2,009,000 | -464,000 | -500,000 | -3,104,000 | 787,000 | 6,140,000 |
| Deferred Taxes & Provisions | 1,788,000 | 0 | 0 | 332,000 | 0 | -92,000 | 0 | 676,000 | 120,000 | 24,000 | 620,000 | 0 | 0 | 0 |
| Cash flow from operations | 1,900,000 | 2,260,000 | 293,000 | 1,087,000 | 3,149,000 | 2,116,000 | 8,432,000 | 647,000 | 1,074,000 | -176,000 | 3,975,000 | -2,059,000 | 1,746,000 | 5,903,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 2,000 | 2,000 | 44,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,895,000 | 546,000 | 1,349,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -155,000 | -51,000 | -2,000 | 208,000 | 0 |
| Long term loans | -702,000 | -562,000 | -556,000 | 1,566,000 | 1,838,000 | 0 | 0 | 0 | 0 | 0 | -310,000 | -408,000 | -420,000 | 1,138,000 |
| Hire Purchase and Lease Commitments | -339,000 | -269,000 | -160,000 | 670,000 | 1,238,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -777,000 | 777,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -3,000 | -133,000 | -299,000 | -28,000 | -222,000 | -224,000 | -197,000 | 0 | 0 | -117,000 | -140,000 | -235,000 | -245,000 | -209,000 |
| cash flow from financing | -1,044,000 | -964,000 | -1,015,000 | 2,208,000 | 2,781,000 | -290,000 | -263,000 | -6,000 | 211,000 | -272,000 | -501,000 | -645,000 | -1,438,000 | 6,224,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -103,000 | -327,000 | -1,540,000 | 100,000 | 431,000 | 1,443,000 | 70,000 | -190,000 | 419,000 | -1,644,000 | 1,777,000 | -1,306,000 | 793,000 | 747,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -103,000 | -327,000 | -1,540,000 | 100,000 | 431,000 | 1,443,000 | 70,000 | -190,000 | 419,000 | -1,644,000 | 1,777,000 | -1,306,000 | 793,000 | 747,000 |
opsec security limited Credit Report and Business Information
Opsec Security Limited Competitor Analysis
Perform a competitor analysis for opsec security limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NE38 area or any other competitors across 12 key performance metrics.
opsec security limited Ownership
OPSEC SECURITY LIMITED group structure
Opsec Security Limited has no subsidiary companies.
Ultimate parent company
ORCA HOLDINGS LTD
#0096994
2 parents
OPSEC SECURITY LIMITED
01997954
opsec security limited directors
Opsec Security Limited currently has 3 directors. The longest serving directors include Mr Aaron Saak (May 2024) and Mr Samuel Keayes (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Aaron Saak | United Kingdom | 51 years | May 2024 | - | Director |
| Mr Samuel Keayes | United Kingdom | 50 years | May 2024 | - | Director |
| Ms Christina Cristiano | United Kingdom | 52 years | May 2024 | - | Director |
P&L
March 2023turnover
19.4m
+21%
operating profit
543k
+46%
gross margin
42.9%
+1.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
17.8m
+0.03%
total assets
31m
+0.27%
cash
670k
-0.13%
net assets
Total assets minus all liabilities
opsec security limited company details
company number
01997954
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
March 1986
age
38
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
applied optical technologies (uk) limited (April 2005)
applied opsec limited (April 2003)
See moreaccountant
-
auditor
-
address
40 phoenix road, washington, tyne & wear, NE38 0AD
Bank
BARCLAYS BANK PLC
Legal Advisor
-
opsec security 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 opsec security limited. Currently there are 2 open charges and 11 have been satisfied in the past.
opsec security limited Companies House Filings - See Documents
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