south midland installations limited
south midland installations limited Company Information
Company Number
02457869
Website
http://www.smiltd.comRegistered Address
3rd floor, the pinnacle, 73 king street, manchester, M2 4NG
Industry
Machining
Manufacture of other special-purpose machinery n.e.c.
Telephone
01296422039
Next Accounts Due
December 2024
Group Structure
View All
Directors
John Burgess33 Years
Shareholders
john glyndwr burgess 100%
south midland installations limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH MIDLAND INSTALLATIONS LIMITED at £323.2k based on a Turnover of £826.2k and 0.39x industry multiple (adjusted for size and gross margin).
south midland installations limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH MIDLAND INSTALLATIONS LIMITED at £743.4k based on an EBITDA of £232.5k and a 3.2x industry multiple (adjusted for size and gross margin).
south midland installations limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH MIDLAND INSTALLATIONS LIMITED at £345k based on Net Assets of £183.4k and 1.88x industry multiple (adjusted for liquidity).
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South Midland Installations Limited Overview
South Midland Installations Limited is a live company located in manchester, M2 4NG with a Companies House number of 02457869. It operates in the machining sector, SIC Code 25620. Founded in January 1990, it's largest shareholder is john glyndwr burgess with a 100% stake. South Midland Installations Limited is a mature, small sized company, Pomanda has estimated its turnover at £826.2k with declining growth in recent years.
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South Midland Installations Limited Health Check
Pomanda's financial health check has awarded South Midland Installations Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £826.2k, make it smaller than the average company (£10.2m)
- South Midland Installations Limited
£10.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (1.5%)
- South Midland Installations Limited
1.5% - Industry AVG
Production
with a gross margin of 19.2%, this company has a higher cost of product (29.4%)
- South Midland Installations Limited
29.4% - Industry AVG
Profitability
an operating margin of 28.1% make it more profitable than the average company (6.5%)
- South Midland Installations Limited
6.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (67)
- South Midland Installations Limited
67 - Industry AVG
Pay Structure
on an average salary of £45k, the company has an equivalent pay structure (£45k)
- South Midland Installations Limited
£45k - Industry AVG
Efficiency
resulting in sales per employee of £206.5k, this is more efficient (£149.7k)
- South Midland Installations Limited
£149.7k - Industry AVG
Debtor Days
it gets paid by customers after 118 days, this is later than average (64 days)
- South Midland Installations Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is close to average (49 days)
- South Midland Installations Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- South Midland Installations Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - South Midland Installations Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.6%, this is a lower level of debt than the average (48.7%)
31.6% - South Midland Installations Limited
48.7% - Industry AVG
SOUTH MIDLAND INSTALLATIONS LIMITED financials
South Midland Installations Limited's latest turnover from March 2023 is estimated at £826.2 thousand and the company has net assets of £183.4 thousand. According to their latest financial statements, we estimate that South Midland Installations Limited has 4 employees and maintains cash reserves of 0 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 1 | |||||||||||||
| EBITDA* |
* 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 | 0 | 88,695 | 85,041 | 53,592 | 26,852 | 17,822 | 14,688 | 479 | 638 | 850 | 5,267 | 11,591 | 17,079 | 16,491 |
| 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 | 53,259 |
| Total Fixed Assets | 0 | 88,695 | 85,041 | 53,592 | 26,852 | 17,822 | 14,688 | 479 | 638 | 850 | 5,267 | 11,591 | 17,079 | 69,750 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 81,000 | 85,000 | 85,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 268,112 | 72,333 | 332,362 | 246,185 | 237,306 | 115,794 | 11,823 | 82,417 | 210,405 | 137,064 | 319,777 | 245,187 | 126,907 | 129,090 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 6,088 | 7,014 | 69,285 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 6,088 | 27,599 | 7,000 | 14 | 18,364 | 71 | 2,460 | 17,707 | 9,317 | 29,876 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 268,112 | 72,333 | 332,362 | 246,185 | 243,394 | 230,481 | 110,837 | 236,716 | 228,769 | 137,135 | 322,237 | 262,894 | 136,224 | 158,966 |
| total assets | 268,112 | 161,028 | 417,403 | 299,777 | 270,246 | 248,303 | 125,525 | 237,195 | 229,407 | 137,985 | 327,504 | 274,485 | 153,303 | 228,716 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 9,800 | 15,825 | 36,105 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 82,447 | 164,545 | 373,793 | 366,105 | 476,603 | 6,492 | 1,396 | 52,384 | 153,703 | 157,387 | 206,122 | 140,328 | 90,347 | 208,398 |
| 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 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 48,562 | 23,374 | 89,872 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 82,447 | 164,545 | 373,793 | 366,105 | 476,603 | 64,854 | 40,595 | 178,361 | 153,703 | 157,387 | 206,122 | 140,328 | 90,347 | 208,398 |
| loans | 0 | 0 | 0 | 0 | 0 | 43,376 | 51,893 | 24,783 | 13,880 | 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 | 2,250 | 1,400 | 1,400 | 9,600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 465,938 | 465,938 | 432,284 | 428,993 | 441,448 | 265,622 | 271,237 | 238,570 | 150,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,250 | 1,400 | 1,400 | 9,600 | 0 | 509,314 | 517,831 | 457,067 | 442,873 | 441,448 | 265,622 | 271,237 | 238,570 | 150,000 |
| total liabilities | 84,697 | 165,945 | 375,193 | 375,705 | 476,603 | 574,168 | 558,426 | 635,428 | 596,576 | 598,835 | 471,744 | 411,565 | 328,917 | 358,398 |
| net assets | 183,415 | -4,917 | 42,210 | -75,928 | -206,357 | -325,865 | -432,901 | -398,233 | -367,169 | -460,850 | -144,240 | -137,080 | -175,614 | -129,682 |
| total shareholders funds | 183,415 | -4,917 | 42,210 | -75,928 | -206,357 | -325,865 | -432,901 | -398,233 | -367,169 | -460,850 | -144,240 | -137,080 | -175,614 | -129,682 |
| 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 | ||||||||||||||
| Depreciation | 3,862 | 5,375 | 159 | 212 | 4,417 | 6,324 | 6,340 | 4,519 | 3,773 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | -81,000 | -4,000 | 0 | 85,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 195,779 | -260,029 | 86,177 | 8,879 | 115,424 | 103,045 | -132,865 | -58,703 | 73,341 | -182,713 | 74,590 | 118,280 | -55,442 | 182,349 |
| Creditors | -82,098 | -209,248 | 7,688 | -110,498 | 470,111 | 5,096 | -50,988 | -101,319 | -3,684 | -48,735 | 65,794 | 49,981 | -118,051 | 208,398 |
| Accruals and Deferred Income | 850 | 0 | -8,200 | 9,600 | -48,562 | 25,188 | -66,498 | 89,872 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -43,376 | -8,517 | 27,110 | 10,903 | 13,880 | 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 | -465,938 | 0 | 33,654 | 3,291 | -12,455 | 175,826 | -5,615 | 32,667 | 88,570 | 150,000 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | -6,088 | -21,511 | 20,599 | 6,986 | -18,350 | 18,293 | -2,389 | -15,247 | 8,390 | -20,559 | 29,876 |
| overdraft | 0 | 0 | 0 | 0 | -9,800 | -6,025 | -20,280 | 36,105 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -6,088 | -11,711 | 26,624 | 27,266 | -54,455 | 18,293 | -2,389 | -15,247 | 8,390 | -20,559 | 29,876 |
south midland installations limited Credit Report and Business Information
South Midland Installations Limited Competitor Analysis
Perform a competitor analysis for south midland installations limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
south midland installations limited Ownership
SOUTH MIDLAND INSTALLATIONS LIMITED group structure
South Midland Installations Limited has no subsidiary companies.
Ultimate parent company
SOUTH MIDLAND INSTALLATIONS LIMITED
02457869
south midland installations limited directors
South Midland Installations Limited currently has 1 director, Mr John Burgess serving since Jun 1991.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Burgess | 67 years | Jun 1991 | - | Director |
P&L
March 2023turnover
826.2k
+103%
operating profit
232.5k
0%
gross margin
19.2%
-1.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
183.4k
-38.3%
total assets
268.1k
+0.67%
cash
0
0%
net assets
Total assets minus all liabilities
south midland installations limited company details
company number
02457869
Type
Private limited with Share Capital
industry
25620 - Machining
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
January 1990
age
34
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
baseforge limited (May 1990)
accountant
-
auditor
-
address
3rd floor, the pinnacle, 73 king street, manchester, M2 4NG
Bank
-
Legal Advisor
-
south midland installations 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 1 charges/mortgages relating to south midland installations limited. Currently there are 0 open charges and 1 have been satisfied in the past.
south midland installations limited Companies House Filings - See Documents
| date | description | view/download |
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