securefast limited
securefast limited Company Information
Company Number
02397020
Website
www.securefast.co.ukRegistered Address
c/o osl cutting technologies ltd, burgess road, sheffield, S9 3WD
Industry
Wholesale of other intermediate products
Telephone
01543501600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
osl group holdings ltd 100%
securefast limited Estimated Valuation
Pomanda estimates the enterprise value of SECUREFAST LIMITED at £1.3m based on a Turnover of £5.1m and 0.26x industry multiple (adjusted for size and gross margin).
securefast limited Estimated Valuation
Pomanda estimates the enterprise value of SECUREFAST LIMITED at £0 based on an EBITDA of £-117k and a 3.39x industry multiple (adjusted for size and gross margin).
securefast limited Estimated Valuation
Pomanda estimates the enterprise value of SECUREFAST LIMITED at £3m based on Net Assets of £1.7m and 1.74x industry multiple (adjusted for liquidity).
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Securefast Limited AI Business Plan
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Securefast Limited Overview
Securefast Limited is a live company located in sheffield, S9 3WD with a Companies House number of 02397020. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in June 1989, it's largest shareholder is osl group holdings ltd with a 100% stake. Securefast Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with declining growth in recent years.
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Securefast Limited Health Check
Pomanda's financial health check has awarded Securefast Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £6.2m, make it smaller than the average company (£12.2m)
£6.2m - Securefast Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (0.3%)
-5% - Securefast Limited
0.3% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (26.1%)
28.4% - Securefast Limited
26.1% - Industry AVG
Profitability
an operating margin of 4.8% make it less profitable than the average company (7.4%)
4.8% - Securefast Limited
7.4% - Industry AVG
Employees
with 26 employees, this is similar to the industry average (27)
26 - Securefast Limited
27 - Industry AVG
Pay Structure
on an average salary of £43.7k, the company has an equivalent pay structure (£43.7k)
- Securefast Limited
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £238.4k, this is less efficient (£360.6k)
£238.4k - Securefast Limited
£360.6k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (60 days)
59 days - Securefast Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (32 days)
69 days - Securefast Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 121 days, this is more than average (62 days)
121 days - Securefast Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (17 weeks)
2 weeks - Securefast Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.2%, this is a lower level of debt than the average (44.5%)
38.2% - Securefast Limited
44.5% - Industry AVG
securefast limited Credit Report and Business Information
Securefast Limited Competitor Analysis
Perform a competitor analysis for securefast limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
securefast limited Ownership
SECUREFAST LIMITED group structure
Securefast Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
SECUREFAST LIMITED
02397020
4 subsidiaries
securefast limited directors
Securefast Limited currently has 5 directors. The longest serving directors include Mr Russell Gooch (Feb 2017) and Mr Mathew Grey (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Russell Gooch | England | 41 years | Feb 2017 | - | Director |
| Mr Mathew Grey | England | 38 years | Mar 2022 | - | Director |
| Mr David Grey Mbe | England | 67 years | Mar 2022 | - | Director |
| Mr Neil Berry | England | 42 years | Apr 2022 | - | Director |
| Mr Philip Croker | England | 45 years | May 2023 | - | Director |
SECUREFAST LIMITED financials
Securefast Limited's latest turnover from December 2022 is £5.1 million and the company has net assets of £1.7 million. According to their latest financial statements, Securefast Limited has 23 employees and maintains cash reserves of £604 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | 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 | 5,104,000 | 6,198,000 | 6,070,043 | 7,846,103 | 7,213,839 | 7,336,449 | 7,512,861 | 7,349,677 | 8,132,640 | 8,560,839 | 8,044,511 | 7,849,872 | 7,415,431 | 6,753,843 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,964,000 | 4,437,000 | 4,175,148 | 5,470,418 | 4,953,296 | 5,018,537 | 5,002,435 | 5,021,007 | 5,494,526 | 6,127,530 | 5,870,889 | 5,810,712 | 5,673,260 | 4,968,120 |
| Gross Profit | 1,140,000 | 1,761,000 | 1,894,895 | 2,375,685 | 2,260,543 | 2,317,912 | 2,510,426 | 2,328,670 | 2,638,114 | 2,433,309 | 2,173,622 | 2,039,160 | 1,742,171 | 1,785,723 |
| Admin Expenses | 1,271,000 | 1,464,000 | 1,704,310 | 2,272,775 | 2,315,216 | 2,338,010 | 2,577,444 | 2,188,116 | 2,549,453 | 2,226,987 | 2,017,715 | 1,857,123 | 1,687,544 | 1,648,474 |
| Operating Profit | -131,000 | 297,000 | 190,585 | 102,910 | -54,673 | -20,098 | -67,018 | 140,554 | 88,661 | 206,322 | 155,907 | 182,037 | 54,627 | 137,249 |
| Interest Payable | 8,000 | 12,000 | 3,831 | 15,869 | 15,550 | 17,496 | 20,705 | 21,912 | 24,021 | 24,021 | 32,362 | 33,158 | 35,386 | 32,006 |
| Interest Receivable | 0 | 0 | 0 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -139,000 | 285,000 | 186,754 | 87,041 | -70,212 | -37,594 | -87,723 | -183,244 | 66,727 | 182,301 | 123,545 | 148,879 | 19,241 | 105,243 |
| Tax | 52,000 | 66,000 | 18,573 | 21,328 | 32,171 | -4,936 | 6,197 | 21,000 | -26,256 | -45,964 | -25,723 | -33,384 | -11,495 | -25,918 |
| Profit After Tax | -87,000 | 351,000 | 205,327 | 108,369 | -38,041 | -42,530 | -81,526 | -162,244 | 40,471 | 136,337 | 97,822 | 115,495 | 7,746 | 79,325 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,040 | 25,000 | 78,125 | 0 | 0 | 0 | 0 |
| Retained Profit | -87,000 | 351,000 | 205,327 | 108,369 | -38,041 | -42,530 | -81,526 | -202,284 | 15,471 | 58,212 | 97,822 | 115,495 | 7,746 | 79,325 |
| Employee Costs | 1,257,942 | 1,389,558 | 1,356,117 | 1,404,556 | 1,352,088 | 1,027,553 | 1,319,166 | 1,089,959 | 1,084,512 | 876,580 | 793,298 | 810,002 | ||
| Number Of Employees | 23 | 26 | 35 | 40 | 41 | 43 | 45 | 36 | 47 | 36 | 34 | 32 | 30 | 35 |
| EBITDA* | -117,000 | 314,000 | 233,240 | 153,216 | 98,673 | 154,371 | 109,821 | 312,008 | 259,353 | 293,706 | 252,286 | 293,250 | 167,893 | 242,741 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | 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 | 37,000 | 48,000 | 59,053 | 72,696 | 63,237 | 102,487 | 147,567 | 189,779 | 257,666 | 171,937 | 151,593 | 364,675 | 432,618 | 470,196 |
| Intangible Assets | 44,000 | 54,000 | 66,141 | 79,593 | 93,046 | 190,468 | 287,889 | 385,311 | 369,115 | 426,907 | 465,319 | 503,731 | 542,143 | 580,555 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 118,000 | 66,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 199,000 | 168,000 | 125,194 | 152,289 | 156,283 | 292,955 | 435,456 | 575,091 | 626,781 | 598,844 | 616,912 | 868,406 | 974,761 | 1,050,751 |
| Stock & work in progress | 1,140,000 | 1,476,000 | 1,420,269 | 1,299,270 | 1,282,030 | 1,222,797 | 1,406,289 | 1,346,094 | 1,356,487 | 1,564,230 | 1,236,361 | 1,321,000 | 1,365,752 | 1,108,790 |
| Trade Debtors | 933,000 | 1,013,000 | 1,125,669 | 1,425,459 | 1,457,212 | 1,271,917 | 1,662,566 | 1,322,502 | 1,612,153 | 1,796,401 | 1,724,046 | 1,675,103 | 1,629,270 | 1,485,131 |
| Group Debtors | 72,000 | 102,000 | 0 | 0 | 0 | 0 | 0 | 291,991 | 0 | 4,862 | 0 | 0 | 0 | 0 |
| Misc Debtors | 56,000 | 90,000 | 173,510 | 219,344 | 171,566 | 37,472 | 20,238 | 30,150 | 92,793 | 24,832 | 41,367 | 30,229 | 36,246 | 54,409 |
| Cash | 604,000 | 59,000 | 204,874 | 250,538 | 187,823 | 179,307 | 101,558 | 29,936 | 369 | 23,660 | 97,626 | 386 | 343 | 212 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,805,000 | 2,740,000 | 2,924,322 | 3,194,611 | 3,098,631 | 2,711,493 | 3,190,651 | 3,020,673 | 3,061,802 | 3,413,985 | 3,099,400 | 3,026,718 | 3,031,611 | 2,648,542 |
| total assets | 3,004,000 | 2,908,000 | 3,049,516 | 3,346,900 | 3,254,914 | 3,004,448 | 3,626,107 | 3,595,764 | 3,688,583 | 4,012,829 | 3,716,312 | 3,895,124 | 4,006,372 | 3,699,293 |
| Bank overdraft | 400,000 | 51,000 | 74,455 | 589,586 | 514,728 | 623,447 | 897,132 | 891,474 | 914,409 | 814,988 | 788,253 | 137,214 | 124,288 | 1,046,153 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 874,698 | 1,238,715 | 0 |
| Trade Creditors | 611,000 | 847,000 | 841,368 | 977,137 | 1,056,613 | 744,919 | 1,014,303 | 887,812 | 988,706 | 1,277,192 | 1,154,960 | 1,123,856 | 1,086,155 | 1,019,362 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 1,376 | 1,188 | 1,793 | 1,833 | 2,750 | 0 | 0 | 0 | 0 | 1,750 | 12,140 | 24,912 |
| other current liabilities | 282,000 | 212,000 | 288,119 | 324,349 | 334,065 | 250,366 | 284,284 | 172,863 | 260,295 | 366,203 | 231,961 | 317,997 | 189,196 | 254,516 |
| total current liabilities | 1,293,000 | 1,110,000 | 1,205,318 | 1,892,260 | 1,907,199 | 1,620,565 | 2,198,469 | 1,952,150 | 2,163,410 | 2,508,383 | 2,225,174 | 2,455,515 | 2,650,494 | 2,344,943 |
| loans | 0 | 0 | 185,606 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 1,375 | 2,819 | 946 | 1,833 | 0 | 0 | 0 | 0 | 281 | 10,679 | 19,062 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 338 | 10,543 | 10,881 | 5,625 | 529 | 2,089 | 3,294 | 3,900 |
| total long term liabilities | 0 | 0 | 185,606 | 1,375 | 2,819 | 946 | 2,171 | 10,543 | 10,881 | 5,625 | 50,529 | 2,370 | 13,973 | 22,962 |
| total liabilities | 1,293,000 | 1,110,000 | 1,390,924 | 1,893,635 | 1,910,018 | 1,621,511 | 2,200,640 | 1,962,693 | 2,174,291 | 2,514,008 | 2,275,703 | 2,457,885 | 2,664,467 | 2,367,905 |
| net assets | 1,711,000 | 1,798,000 | 1,658,592 | 1,453,265 | 1,344,896 | 1,382,937 | 1,425,467 | 1,633,071 | 1,514,292 | 1,498,821 | 1,440,609 | 1,437,239 | 1,341,905 | 1,331,388 |
| total shareholders funds | 1,711,000 | 1,798,000 | 1,658,592 | 1,453,265 | 1,344,896 | 1,382,937 | 1,425,467 | 1,633,071 | 1,514,292 | 1,498,821 | 1,440,609 | 1,437,239 | 1,341,905 | 1,331,388 |
| Dec 2022 | 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 | -131,000 | 297,000 | 190,585 | 102,910 | -54,673 | -20,098 | -67,018 | 140,554 | 88,661 | 206,322 | 155,907 | 182,037 | 54,627 | 137,249 |
| Depreciation | 14,000 | 17,000 | 29,203 | 36,853 | 55,924 | 77,048 | 79,417 | 79,038 | 74,762 | 48,972 | 57,967 | 72,801 | 74,854 | 67,080 |
| Amortisation | 0 | 0 | 13,452 | 13,453 | 97,422 | 97,421 | 97,422 | 92,416 | 95,930 | 38,412 | 38,412 | 38,412 | 38,412 | 38,412 |
| Tax | 52,000 | 66,000 | 18,573 | 21,328 | 32,171 | -4,936 | 6,197 | 21,000 | -26,256 | -45,964 | -25,723 | -33,384 | -11,495 | -25,918 |
| Stock | -280,269 | 55,731 | 120,999 | 17,240 | 59,233 | -183,492 | 60,195 | -10,393 | -207,743 | 327,869 | -84,639 | -44,752 | 256,962 | 1,108,790 |
| Debtors | -120,179 | -28,179 | -345,624 | 16,025 | 319,389 | -373,415 | 38,161 | -60,303 | -121,149 | 60,682 | 60,081 | 39,816 | 125,976 | 1,539,540 |
| Creditors | -230,368 | 5,632 | -135,769 | -79,476 | 311,694 | -269,384 | 126,491 | -100,894 | -288,486 | 122,232 | 31,104 | 37,701 | 66,793 | 1,019,362 |
| Accruals and Deferred Income | -6,119 | -76,119 | -36,230 | -9,716 | 83,699 | -33,918 | 111,421 | -87,432 | -105,908 | 134,242 | -86,036 | 128,801 | -65,320 | 254,516 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -338 | -10,205 | -338 | 5,256 | 5,096 | -1,560 | -1,205 | -606 | 3,900 |
| Cash flow from operations | 98,961 | 281,961 | 304,439 | 52,087 | 147,615 | 402,702 | 245,369 | 215,040 | 172,851 | 120,761 | 194,629 | 430,099 | -225,673 | -1,153,729 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -1,549 | -21,365 | -22,582 | -3,411 | -196,529 | -65,544 | 185,937 | 6,690 | -32,276 | -46,372 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -1,549 | -21,365 | -22,581 | -3,412 | -196,529 | -65,544 | 185,937 | 6,690 | -32,276 | -46,372 | ||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -874,698 | -364,017 | 1,238,715 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50,000 | 0 | 50,000 | 0 | 0 | 0 |
| Long term loans | -185,606 | -185,606 | 185,606 | 0 | 0 | 0 | 0 | 0 | 0 | -50,000 | 50,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -1,376 | -1,376 | -1,187 | -2,049 | 1,833 | -1,804 | 4,583 | 0 | 0 | 0 | -2,031 | -20,788 | -21,155 | 43,974 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -8,000 | -12,000 | -3,831 | -15,869 | -15,539 | -17,496 | -20,705 | -21,912 | -24,021 | -24,021 | -32,362 | -33,158 | -35,386 | -32,006 |
| cash flow from financing | -55,574 | -410,574 | 180,588 | -17,918 | -13,706 | -19,300 | -142,201 | 299,152 | -74,021 | -74,021 | -903,543 | -438,124 | 1,184,945 | 1,264,031 |
| cash and cash equivalents | ||||||||||||||
| cash | 399,126 | -145,874 | -45,664 | 62,715 | 8,516 | 77,749 | 71,622 | 29,567 | -23,291 | -73,966 | 97,240 | 43 | 131 | 212 |
| overdraft | 325,545 | -23,455 | -515,131 | 74,858 | -108,719 | -273,685 | 5,658 | -22,935 | 99,421 | 26,735 | 651,039 | 12,926 | -921,865 | 1,046,153 |
| change in cash | 73,581 | -122,419 | 469,467 | -12,143 | 117,235 | 351,434 | 65,964 | 52,502 | -122,712 | -100,701 | -553,799 | -12,883 | 921,996 | -1,045,941 |
P&L
December 2022turnover
5.1m
-16%
operating profit
-131k
-169%
gross margin
22.4%
-28.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.7m
+0.03%
total assets
3m
-0.01%
cash
604k
+1.95%
net assets
Total assets minus all liabilities
Similar Companies
securefast limited company details
company number
02397020
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
incorporation date
June 1989
age
35
accounts
Full Accounts
ultimate parent company
previous names
securefast plc (February 2022)
security engineering plc (November 2004)
See moreincorporated
UK
address
c/o osl cutting technologies ltd, burgess road, sheffield, S9 3WD
last accounts submitted
December 2022
securefast 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 6 charges/mortgages relating to securefast limited. Currently there are 2 open charges and 4 have been satisfied in the past.
securefast limited Companies House Filings - See Documents
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