sub surface north east limited
sub surface north east limited Company Information
Company Number
02472687
Next Accounts
Feb 2026
Shareholders
mr christopher alexander marsden
mr david gerard simpson
Group Structure
View All
Industry
Technical testing and analysis
+3Registered Address
3 peel street, preston, lancashire, PR2 2QS
Website
www.subsurface.co.uksub surface north east limited Estimated Valuation
Pomanda estimates the enterprise value of SUB SURFACE NORTH EAST LIMITED at £307.5k based on a Turnover of £713.8k and 0.43x industry multiple (adjusted for size and gross margin).
sub surface north east limited Estimated Valuation
Pomanda estimates the enterprise value of SUB SURFACE NORTH EAST LIMITED at £0 based on an EBITDA of £-21.4k and a 3.45x industry multiple (adjusted for size and gross margin).
sub surface north east limited Estimated Valuation
Pomanda estimates the enterprise value of SUB SURFACE NORTH EAST LIMITED at £234.6k based on Net Assets of £106.4k and 2.21x industry multiple (adjusted for liquidity).
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Sub Surface North East Limited Overview
Sub Surface North East Limited is a live company located in lancashire, PR2 2QS with a Companies House number of 02472687. It operates in the test drilling and boring sector, SIC Code 43130. Founded in February 1990, it's largest shareholder is mr christopher alexander marsden with a 66.7% stake. Sub Surface North East Limited is a mature, small sized company, Pomanda has estimated its turnover at £713.8k with declining growth in recent years.
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Sub Surface North East Limited Health Check
Pomanda's financial health check has awarded Sub Surface North East Limited a 2 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
1 Regular
7 Weak
Size
annual sales of £713.8k, make it smaller than the average company (£4m)
- Sub Surface North East Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.5%)
- Sub Surface North East Limited
8.5% - Industry AVG
Production
with a gross margin of 23.3%, this company has a higher cost of product (37.2%)
- Sub Surface North East Limited
37.2% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (5.4%)
- Sub Surface North East Limited
5.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (30)
1 - Sub Surface North East Limited
30 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)
- Sub Surface North East Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £713.8k, this is more efficient (£101.4k)
- Sub Surface North East Limited
£101.4k - Industry AVG
Debtor Days
it gets paid by customers after 150 days, this is later than average (62 days)
- Sub Surface North East Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 127 days, this is slower than average (30 days)
- Sub Surface North East Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sub Surface North East Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sub Surface North East Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.3%, this is a higher level of debt than the average (57.6%)
64.3% - Sub Surface North East Limited
57.6% - Industry AVG
SUB SURFACE NORTH EAST LIMITED financials
Sub Surface North East Limited's latest turnover from May 2024 is estimated at £713.8 thousand and the company has net assets of £106.4 thousand. According to their latest financial statements, Sub Surface North East Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | 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 | |||||||||||||||
| 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 | 1 | 1 | 1 | 1 | 1 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | 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 | 4,709 | 5,886 | 7,566 | 8,298 | 10,373 | 11,730 | 14,878 | 6,440 | 8,050 | 6,596 | 6,789 | 8,880 | 6,982 | 9,103 | 9,766 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 116,102 | 286,643 | |||||||||||||
| Total Fixed Assets | 4,709 | 5,886 | 7,566 | 8,298 | 10,373 | 11,730 | 14,878 | 6,440 | 124,152 | 293,239 | 6,789 | 8,880 | 6,982 | 9,103 | 9,766 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 293,667 | 375,951 | 446,105 | 333,496 | 288,805 | 255,692 | 272,162 | 267,581 | 140,217 | 144,437 | 124,788 | 130,976 | 85,956 | ||
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,658 | ||||||||||||||
| Cash | 220,437 | 92,246 | 78,032 | 47,326 | 49,907 | 41,614 | 109,345 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 293,667 | 375,951 | 446,105 | 333,496 | 288,805 | 255,692 | 272,162 | 267,581 | 220,437 | 92,246 | 218,249 | 191,763 | 174,695 | 172,590 | 197,959 |
| total assets | 298,376 | 381,837 | 453,671 | 341,794 | 299,178 | 267,422 | 287,040 | 274,021 | 344,589 | 385,485 | 225,038 | 200,643 | 181,677 | 181,693 | 207,725 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 191,959 | 253,985 | 301,100 | 225,359 | 198,334 | 179,833 | 171,640 | 179,232 | 141,379 | 57,077 | 53,979 | 44,637 | 60,766 | ||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 245,728 | 239,715 | 68,500 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 72,928 | 59,248 | 75,663 | 17,712 | |||||||||||
| total current liabilities | 191,959 | 253,985 | 301,100 | 225,359 | 198,334 | 179,833 | 171,640 | 179,232 | 245,728 | 239,715 | 141,379 | 130,005 | 113,227 | 120,300 | 146,978 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 191,959 | 253,985 | 301,100 | 225,359 | 198,334 | 179,833 | 171,640 | 179,232 | 245,728 | 239,715 | 141,379 | 130,005 | 113,227 | 120,300 | 146,978 |
| net assets | 106,417 | 127,852 | 152,571 | 116,435 | 100,844 | 87,589 | 115,400 | 94,789 | 98,861 | 145,770 | 83,659 | 70,638 | 68,450 | 61,393 | 60,747 |
| total shareholders funds | 106,417 | 127,852 | 152,571 | 116,435 | 100,844 | 87,589 | 115,400 | 94,789 | 98,861 | 145,770 | 83,659 | 70,638 | 68,450 | 61,393 | 60,747 |
| May 2024 | 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 | |||||||||||||||
| Depreciation | 2,123 | 1,649 | 2,091 | 2,782 | 2,121 | 2,776 | 3,255 | ||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -82,284 | -70,154 | 112,609 | 44,691 | 33,113 | -16,470 | 4,581 | 151,479 | -170,541 | 146,426 | -4,220 | 19,649 | -6,188 | 42,362 | 88,614 |
| Creditors | -62,026 | -47,115 | 75,741 | 27,025 | 18,501 | 8,193 | -7,592 | 179,232 | -141,379 | 84,302 | 3,098 | 9,342 | -16,129 | 60,766 | |
| Accruals and Deferred Income | -72,928 | 13,680 | -16,415 | 57,951 | 17,712 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -245,728 | 6,013 | 239,715 | -68,500 | 68,500 | ||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -220,437 | 128,191 | 14,214 | 30,706 | -2,581 | 8,293 | -67,731 | 109,345 | |||||||
| overdraft | |||||||||||||||
| change in cash | -220,437 | 128,191 | 14,214 | 30,706 | -2,581 | 8,293 | -67,731 | 109,345 |
sub surface north east limited Credit Report and Business Information
Sub Surface North East Limited Competitor Analysis
Perform a competitor analysis for sub surface north east limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PR2 area or any other competitors across 12 key performance metrics.
sub surface north east limited Ownership
SUB SURFACE NORTH EAST LIMITED group structure
Sub Surface North East Limited has no subsidiary companies.
Ultimate parent company
SUB SURFACE NORTH EAST LIMITED
02472687
sub surface north east limited directors
Sub Surface North East Limited currently has 2 directors. The longest serving directors include Mr David Simpson (Dec 1990) and Mr Christopher Marsden (Dec 1990).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Simpson | 59 years | Dec 1990 | - | Director | |
| Mr Christopher Marsden | 69 years | Dec 1990 | - | Director |
P&L
May 2024turnover
713.8k
-15%
operating profit
-21.4k
0%
gross margin
23.3%
-3.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
106.4k
-0.17%
total assets
298.4k
-0.22%
cash
0
0%
net assets
Total assets minus all liabilities
sub surface north east limited company details
company number
02472687
Type
Private limited with Share Capital
industry
71200 - Technical testing and analysis
43130 - Test drilling and boring
71122 - Engineering related scientific and technical consulting activities
incorporation date
February 1990
age
35
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
3 peel street, preston, lancashire, PR2 2QS
Bank
BARCLAYS BANK PLC, BARCLAYS BANK PLC, BARCLAYS BANK PLC
Legal Advisor
-
sub surface north east 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 did not find charges/mortgages relating to sub surface north east limited.
sub surface north east 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.
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sub surface north east limited Companies House Filings - See Documents
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