safesite limited Company Information
Company Number
02609468
Website
www.safesite.co.ukRegistered Address
unit a2 cradley business park, overend road, cradley heath, west midlands, B64 7DW
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
01579363826
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kig ltd 100%
safesite limited Estimated Valuation
Pomanda estimates the enterprise value of SAFESITE LIMITED at £2m based on a Turnover of £3.5m and 0.57x industry multiple (adjusted for size and gross margin).
safesite limited Estimated Valuation
Pomanda estimates the enterprise value of SAFESITE LIMITED at £1.7m based on an EBITDA of £264k and a 6.35x industry multiple (adjusted for size and gross margin).
safesite limited Estimated Valuation
Pomanda estimates the enterprise value of SAFESITE LIMITED at £6.5m based on Net Assets of £2.6m and 2.45x industry multiple (adjusted for liquidity).
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Safesite Limited Overview
Safesite Limited is a live company located in cradley heath, B64 7DW with a Companies House number of 02609468. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in May 1991, it's largest shareholder is kig ltd with a 100% stake. Safesite Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with low growth in recent years.
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Safesite Limited Health Check
Pomanda's financial health check has awarded Safesite Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£6.2m)
£3.5m - Safesite Limited
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.5%)
3% - Safesite Limited
4.5% - Industry AVG
Production
with a gross margin of 51.7%, this company has a lower cost of product (24.1%)
51.7% - Safesite Limited
24.1% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (5.4%)
7.4% - Safesite Limited
5.4% - Industry AVG
Employees
with 20 employees, this is below the industry average (31)
20 - Safesite Limited
31 - Industry AVG
Pay Structure
on an average salary of £41.5k, the company has an equivalent pay structure (£45.4k)
£41.5k - Safesite Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £173k, this is equally as efficient (£182.9k)
£173k - Safesite Limited
£182.9k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (57 days)
75 days - Safesite Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (39 days)
17 days - Safesite Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is more than average (13 days)
66 days - Safesite Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (19 weeks)
37 weeks - Safesite Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.4%, this is a lower level of debt than the average (62.9%)
10.4% - Safesite Limited
62.9% - Industry AVG
safesite limited Credit Report and Business Information
Safesite Limited Competitor Analysis
Perform a competitor analysis for safesite limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
safesite limited Ownership
SAFESITE LIMITED group structure
Safesite Limited has no subsidiary companies.
Ultimate parent company
GRAVITY INVESTMENT SARL
#0129567
2 parents
SAFESITE LIMITED
02609468
safesite limited directors
Safesite Limited currently has 3 directors. The longest serving directors include Mr Neil Russ (Oct 2012) and Mr Christopher Milburn (Oct 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Neil Russ | England | 51 years | Oct 2012 | - | Director |
Mr Christopher Milburn | United Kingdom | 57 years | Oct 2012 | - | Director |
Mr Mark Dolan | England | 56 years | Apr 2021 | - | Director |
SAFESITE LIMITED financials
Safesite Limited's latest turnover from December 2022 is £3.5 million and the company has net assets of £2.6 million. According to their latest financial statements, Safesite Limited has 20 employees and maintains cash reserves of £223 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 3,459,000 | 3,239,000 | 2,927,000 | 3,201,000 | 3,383,000 | 3,324,000 | 3,140,000 | 2,854,000 | 2,806,000 | 2,350,000 | 1,246,000 | 2,758,000 | ||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Cost Of Sales | 1,670,000 | 1,671,000 | 1,247,000 | 1,162,000 | 1,358,000 | 1,562,000 | 1,611,000 | 1,256,000 | 1,343,000 | 919,000 | 507,000 | 1,284,000 | ||
Gross Profit | 1,789,000 | 1,568,000 | 1,680,000 | 2,039,000 | 2,025,000 | 1,762,000 | 1,529,000 | 1,598,000 | 1,463,000 | 1,431,000 | 739,000 | 1,474,000 | ||
Admin Expenses | 1,534,000 | 1,464,000 | 1,520,000 | 1,774,000 | 1,560,000 | 1,462,000 | 1,376,000 | 1,402,000 | 1,397,000 | 1,286,000 | 990,000 | 1,158,000 | ||
Operating Profit | 255,000 | 104,000 | 160,000 | 265,000 | 465,000 | 300,000 | 153,000 | 196,000 | 66,000 | 145,000 | -251,000 | 316,000 | ||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 8,000 | 11,000 | 62,000 | 39,000 | ||
Interest Receivable | 95,000 | 59,000 | 55,000 | 45,000 | 22,000 | 8,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | ||
Pre-Tax Profit | 350,000 | 163,000 | 215,000 | 310,000 | 487,000 | 308,000 | 154,000 | 189,000 | 58,000 | 134,000 | -313,000 | 277,000 | ||
Tax | -8,000 | 0 | 0 | 1,000 | 77,000 | -35,000 | -17,000 | -6,000 | -10,000 | 3,000 | 0 | -55,000 | ||
Profit After Tax | 342,000 | 163,000 | 215,000 | 311,000 | 564,000 | 273,000 | 137,000 | 183,000 | 48,000 | 137,000 | -313,000 | 222,000 | ||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 329,000 | ||
Retained Profit | 342,000 | 163,000 | 215,000 | 311,000 | 564,000 | 273,000 | 137,000 | 183,000 | 48,000 | 137,000 | -313,000 | -107,000 | ||
Employee Costs | 830,000 | 843,000 | 920,000 | 959,000 | 841,000 | 864,000 | 820,000 | 860,000 | 848,000 | 896,000 | 493,000 | 924,000 | ||
Number Of Employees | 20 | 23 | 24 | 25 | 22 | 22 | 20 | 23 | 28 | 27 | 28 | 30 | ||
EBITDA* | 264,000 | 118,000 | 172,000 | 282,000 | 485,000 | 318,000 | 169,000 | 220,000 | 105,000 | 188,000 | -220,000 | 372,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 31,000 | 29,000 | 18,000 | 18,000 | 34,000 | 35,000 | 40,000 | 57,000 | 90,000 | 109,000 | 133,000 | 953,000 | 912,154 | 874,636 |
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 | 0 |
Total Fixed Assets | 31,000 | 29,000 | 18,000 | 18,000 | 34,000 | 35,000 | 40,000 | 57,000 | 90,000 | 109,000 | 133,000 | 953,000 | 912,154 | 874,636 |
Stock & work in progress | 306,000 | 306,000 | 381,000 | 223,000 | 161,000 | 159,000 | 282,000 | 203,000 | 137,000 | 161,000 | 183,000 | 294,000 | 198,747 | 344,902 |
Trade Debtors | 718,000 | 787,000 | 574,000 | 456,000 | 820,000 | 732,000 | 912,000 | 486,000 | 765,000 | 461,000 | 292,000 | 358,000 | 642,200 | 570,392 |
Group Debtors | 1,619,000 | 1,205,000 | 1,090,000 | 1,093,000 | 614,000 | 458,000 | 0 | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 56,000 | 87,000 | 71,000 | 54,000 | 136,000 | 100,000 | 36,000 | 47,000 | 0 | 73,000 | 30,000 | 62,000 | 0 | 0 |
Cash | 223,000 | 69,000 | 222,000 | 253,000 | 56,000 | 50,000 | 54,000 | 91,000 | 140,000 | 202,000 | 118,000 | 182,000 | 181,543 | 260,733 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241 | 241 |
total current assets | 2,922,000 | 2,454,000 | 2,338,000 | 2,079,000 | 1,787,000 | 1,499,000 | 1,284,000 | 863,000 | 1,042,000 | 897,000 | 623,000 | 896,000 | 1,022,731 | 1,176,268 |
total assets | 2,953,000 | 2,483,000 | 2,356,000 | 2,097,000 | 1,821,000 | 1,534,000 | 1,324,000 | 920,000 | 1,132,000 | 1,006,000 | 756,000 | 1,849,000 | 1,934,885 | 2,050,904 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 329,000 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 79,000 | 61,000 | 50,000 | 57,000 | 53,000 | 94,000 | 285,000 | 101,000 | 90,000 | 137,000 | 149,000 | 164,000 | 711,149 | 668,084 |
Group/Directors Accounts | 66,000 | 68,000 | 73,000 | 70,000 | 56,000 | 87,000 | 33,000 | 77,000 | 187,000 | 153,000 | 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 | 35,000 | 54,000 | 52,000 | 0 | 0 |
other current liabilities | 163,000 | 63,000 | 105,000 | 57,000 | 110,000 | 315,000 | 239,000 | 114,000 | 166,000 | 123,000 | 182,000 | 211,000 | 0 | 0 |
total current liabilities | 308,000 | 192,000 | 228,000 | 184,000 | 219,000 | 496,000 | 557,000 | 292,000 | 443,000 | 448,000 | 385,000 | 756,000 | 711,149 | 668,084 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 244,000 | 161,000 | 69,000 | 445,000 | 482,222 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000 | 68,000 | 54,357 | 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 | 519,556 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 0 | 0 | 0 | 7,000 | 7,000 | 6,841 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 0 | 244,000 | 161,000 | 111,000 | 520,000 | 543,420 | 519,556 |
total liabilities | 308,000 | 192,000 | 228,000 | 184,000 | 219,000 | 496,000 | 559,000 | 292,000 | 687,000 | 609,000 | 496,000 | 1,276,000 | 1,254,569 | 1,187,640 |
net assets | 2,645,000 | 2,291,000 | 2,128,000 | 1,913,000 | 1,602,000 | 1,038,000 | 765,000 | 628,000 | 445,000 | 397,000 | 260,000 | 573,000 | 680,316 | 863,264 |
total shareholders funds | 2,645,000 | 2,291,000 | 2,128,000 | 1,913,000 | 1,602,000 | 1,038,000 | 765,000 | 628,000 | 445,000 | 397,000 | 260,000 | 573,000 | 680,316 | 863,264 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 255,000 | 104,000 | 160,000 | 265,000 | 465,000 | 300,000 | 153,000 | 196,000 | 66,000 | 145,000 | -251,000 | 316,000 | ||
Depreciation | 9,000 | 14,000 | 12,000 | 17,000 | 20,000 | 18,000 | 16,000 | 24,000 | 39,000 | 43,000 | 31,000 | 56,000 | 30,753 | 36,816 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -8,000 | 0 | 0 | 1,000 | 77,000 | -35,000 | -17,000 | -6,000 | -10,000 | 3,000 | 0 | -55,000 | ||
Stock | 0 | -75,000 | 158,000 | 62,000 | 2,000 | -123,000 | 79,000 | 66,000 | -24,000 | -22,000 | -15,747 | 95,253 | -146,155 | 344,902 |
Debtors | 314,000 | 344,000 | 132,000 | 33,000 | 280,000 | 342,000 | 379,000 | -196,000 | 231,000 | 212,000 | -320,200 | -222,200 | 71,808 | 570,392 |
Creditors | 18,000 | 11,000 | -7,000 | 4,000 | -41,000 | -191,000 | 184,000 | 11,000 | -47,000 | -12,000 | -562,149 | -547,149 | 43,065 | 668,084 |
Accruals and Deferred Income | 100,000 | -42,000 | 48,000 | -53,000 | -205,000 | 76,000 | 125,000 | -52,000 | 43,000 | -59,000 | 182,000 | 211,000 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -2,000 | 2,000 | 0 | 0 | -7,000 | 159 | 159 | 6,841 | 0 |
Cash flow from operations | 60,000 | -182,000 | -77,000 | 139,000 | 34,000 | -53,000 | 5,000 | 303,000 | -116,000 | -77,000 | -264,043 | 107,957 | ||
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 | -2,000 | -5,000 | 3,000 | 14,000 | -31,000 | 54,000 | -44,000 | -110,000 | 34,000 | 153,000 | 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 | 0 | 0 | 0 | -244,000 | 83,000 | 92,000 | -413,222 | -37,222 | 482,222 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,000 | -54,000 | 34,643 | 65,643 | 54,357 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -519,556 | 519,556 |
share issue | ||||||||||||||
interest | 95,000 | 59,000 | 55,000 | 45,000 | 22,000 | 8,000 | 1,000 | -7,000 | -8,000 | -11,000 | -62,000 | -39,000 | ||
cash flow from financing | 105,000 | 54,000 | 58,000 | 59,000 | -9,000 | 62,000 | -43,000 | -361,000 | 74,000 | 180,000 | -547,895 | -10,895 | ||
cash and cash equivalents | ||||||||||||||
cash | 154,000 | -153,000 | -31,000 | 197,000 | 6,000 | -4,000 | -37,000 | -49,000 | -62,000 | 84,000 | -63,543 | 457 | -79,190 | 260,733 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 329,000 | 0 | 0 |
change in cash | 154,000 | -153,000 | -31,000 | 197,000 | 6,000 | -4,000 | -37,000 | -49,000 | -62,000 | 84,000 | -63,543 | -328,543 | -79,190 | 260,733 |
P&L
December 2022turnover
3.5m
+7%
operating profit
255k
+145%
gross margin
51.8%
+6.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6m
+0.15%
total assets
3m
+0.19%
cash
223k
+2.23%
net assets
Total assets minus all liabilities
safesite limited company details
company number
02609468
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
May 1991
age
33
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
unit a2 cradley business park, overend road, cradley heath, west midlands, B64 7DW
last accounts submitted
December 2022
safesite 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 15 charges/mortgages relating to safesite limited. Currently there are 4 open charges and 11 have been satisfied in the past.
safesite limited Companies House Filings - See Documents
date | description | view/download |
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