Simms International Plc

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simms international plc Company Information

Live

MatureLargeDeclining

Company Number

02653692

Website

www.simms.co.uk

Registered Address

the goods shed jubilee way, faversham, kent, ME13 8GD

Industry

Wholesale of computers, computer peripheral equipment and software

Telephone

441622852800

Next Accounts Due

June 2025

Group Structure

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Directors

Andrew Henderson33 Years

Sarah Henderson16 Years

View All

Shareholders

rorke holdings ltd 100%

simms international plc Estimated Valuation

£10m

Pomanda estimates the enterprise value of SIMMS INTERNATIONAL PLC at £10m based on a Turnover of £21.9m and 0.46x industry multiple (adjusted for size and gross margin).

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Simms International Plc is a live company located in kent, ME13 8GD with a Companies House number of 02653692. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in October 1991, it's largest shareholder is rorke holdings ltd with a 100% stake. Simms International Plc is a mature, large sized company, Pomanda has estimated its turnover at £21.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Simms International Plc 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

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £21.9m, make it in line with the average company (£20.2m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (8.3%)

EXPORT

Simms International Plc's latest turnover from December 2023 is £21.9 million and the company has net assets of £4.2 million. According to their latest financial statements, Simms International Plc has 32 employees and maintains cash reserves of £86.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	21,916,075	27,184,798	29,729,331	34,339,650	30,572,594	34,422,900	24,705,531	31,266,063	39,450,916	35,314,254	26,190,873	18,627,224	19,603,642	18,341,930	15,918,313
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	17,931,331	23,133,154	25,377,802	30,084,700	26,760,840	30,853,499	21,570,868	29,012,939	37,226,199	33,194,878	24,183,884	17,192,713	18,108,697	16,956,079	14,608,677
Gross Profit	3,984,744	4,051,644	4,351,529	4,254,950	3,811,754	3,569,401	3,134,663	2,253,124	2,224,717	2,119,376	2,006,989	1,434,511	1,494,945	1,385,851	1,309,636
Admin Expenses	3,240,860	3,261,561	3,226,404	2,906,966	2,927,934	2,900,091	2,447,645	1,460,796	1,405,303	1,334,795	1,342,964	1,082,086	1,151,152	1,203,089	1,143,152
Operating Profit	743,884	790,083	1,125,125	1,347,984	883,820	669,310	687,018	792,328	819,414	784,581	664,025	352,425	343,793	182,762	166,484
Interest Payable	40,905	38,226	59,199	41,349	61,378	63,025	83,609	144,766	147,820	132,874	115,819	66,786	68,761	66,825	61,822
Interest Receivable	0	26	0	0	0	0	0	0	0	4,593	0	0	0	0	33
Pre-Tax Profit	702,979	751,883	1,065,926	1,306,635	822,442	606,285	603,409	647,562	671,594	656,300	548,206	285,639	275,032	115,937	104,695
Tax	-190,608	-170,601	-213,405	-269,751	-171,341	-135,258	-151,970	-146,578	-152,202	-157,602	-139,518	-71,837	-72,330	-29,014	-25,560
Profit After Tax	512,371	581,282	852,521	1,036,884	651,101	471,027	451,439	500,984	519,392	498,698	408,688	213,802	202,702	86,923	79,135
Dividends Paid	129,000	175,000	500,000	500,000	380,000	300,000	120,000	450,000	400,000	180,000	120,000	0	0	60,000	60,000
Retained Profit	383,371	406,282	352,521	536,884	271,101	171,027	331,439	50,984	119,392	318,698	288,688	213,802	202,702	26,923	19,135
Employee Costs	1,809,916	2,045,284	2,085,906	1,782,142	1,564,624	1,476,406	1,381,341	1,318,223	1,231,160	1,226,887	1,171,667	1,076,448	1,080,529	1,054,961	1,036,706
Number Of Employees	32	33	33	31	30	30	28	32	32	32	32	31	31	31	33
EBITDA*	896,366	907,689	1,299,683	1,509,696	1,049,648	859,434	813,991	918,040	943,088	882,702	756,099	439,792	426,884	283,401	279,482

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	259,956	213,997	127,477	218,468	233,363	300,838	122,858	169,772	184,345	165,968	137,980	141,447	126,022	105,269	138,546
Intangible Assets	231,549	283,975	336,402	388,828	441,254	493,680	546,106	598,532	650,958	703,384	755,810	808,236	860,662	913,088	965,515
Investments & Other	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295	60,295
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	551,800	558,267	524,174	667,591	734,912	854,813	729,259	828,599	895,598	929,647	954,085	1,009,978	1,046,979	1,078,652	1,164,356
Stock & work in progress	3,325,832	2,207,357	2,158,538	1,893,037	1,580,340	870,315	1,027,074	2,167,314	648,073	644,697	854,769	455,111	416,243	405,294	338,933
Trade Debtors	3,937,970	3,936,973	4,829,120	5,999,006	4,698,344	6,984,059	4,507,269	5,632,094	9,635,424	8,613,661	7,841,387	3,281,326	3,331,553	2,473,528	2,499,609
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	317,359	173,939	128,260	131,220	424,658	534,752	438,913	287,112	264,047	105,794	203,153	129,350	144,893	310,552	198,747
Cash	86,553	501,659	939,743	822,340	1,065,448	73,877	342,654	461,772	1,001,488	59,485	165,343	34,516	30,539	39,644	71,215
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,667,714	6,819,928	8,055,661	8,845,603	7,768,790	8,463,003	6,315,910	8,548,292	11,549,032	9,423,637	9,064,652	3,900,303	3,923,228	3,229,018	3,108,504
total assets	8,219,514	7,378,195	8,579,835	9,513,194	8,503,702	9,317,816	7,045,169	9,376,891	12,444,630	10,353,284	10,018,737	4,910,281	4,970,207	4,307,670	4,272,860
Bank overdraft	612,042	0	0	0	0	2,556,166	655,200	2,653,452	5,825,275	3,927,361	3,202,972	442,180	788,201	1,001,132	693,908
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,516,368	2,135,546	2,472,651	4,294,932	4,372,364	3,124,229	2,789,711	3,119,164	3,204,004	3,316,608	3,988,244	2,227,439	2,015,470	1,562,166	1,680,327
Group/Directors Accounts	0	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	50,000	100,000	125,000
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,782
other current liabilities	769,150	816,459	1,916,574	1,063,100	1,015,298	776,726	949,593	734,181	658,010	471,366	508,270	210,099	299,775	129,277	202,559
total current liabilities	3,897,560	2,952,005	4,389,225	5,358,032	5,387,662	6,457,121	4,394,504	6,506,797	9,687,289	7,715,335	7,699,486	2,879,718	3,153,446	2,792,575	2,708,576
loans	60,295	560,295	760,295	1,060,295	560,295	560,295	560,295	1,122,064	1,060,295	1,060,295	1,060,295	1,060,295	1,060,295	960,295	1,035,295
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	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	0
provisions	61,004	48,611	19,313	36,386	34,148	49,904	10,901	0	0	0	0	0	0	1,036	2,148
total long term liabilities	121,299	608,906	779,608	1,096,681	594,443	610,199	571,196	1,122,064	1,060,295	1,060,295	1,060,295	1,060,295	1,060,295	961,331	1,037,443
total liabilities	4,018,859	3,560,911	5,168,833	6,454,713	5,982,105	7,067,320	4,965,700	7,628,861	10,747,584	8,775,630	8,759,781	3,940,013	4,213,741	3,753,906	3,746,019
net assets	4,200,655	3,817,284	3,411,002	3,058,481	2,521,597	2,250,496	2,079,469	1,748,030	1,697,046	1,577,654	1,258,956	970,268	756,466	553,764	526,841
total shareholders funds	4,200,655	3,817,284	3,411,002	3,058,481	2,521,597	2,250,496	2,079,469	1,748,030	1,697,046	1,577,654	1,258,956	970,268	756,466	553,764	526,841

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	743,884	790,083	1,125,125	1,347,984	883,820	669,310	687,018	792,328	819,414	784,581	664,025	352,425	343,793	182,762	166,484
Depreciation	100,056	65,179	122,132	109,286	113,402	137,698	74,547	73,286	71,248	45,695	39,648	34,941	30,665	48,212	60,500
Amortisation	52,426	52,427	52,426	52,426	52,426	52,426	52,426	52,426	52,426	52,426	52,426	52,426	52,426	52,427	52,498
Tax	-190,608	-170,601	-213,405	-269,751	-171,341	-135,258	-151,970	-146,578	-152,202	-157,602	-139,518	-71,837	-72,330	-29,014	-25,560
Stock	1,118,475	48,819	265,501	312,697	710,025	-156,759	-1,140,240	1,519,241	3,376	-210,072	399,658	38,868	10,949	66,361	338,933
Debtors	144,417	-846,468	-1,172,846	1,007,224	-2,395,809	2,572,629	-973,024	-3,980,265	1,180,016	674,915	4,633,864	-65,770	692,366	85,724	2,698,356
Creditors	380,822	-337,105	-1,822,281	-77,432	1,248,135	334,518	-329,453	-84,840	-112,604	-671,636	1,760,805	211,969	453,304	-118,161	1,680,327
Accruals and Deferred Income	-47,309	-1,100,115	853,474	47,802	238,572	-172,867	215,412	76,171	186,644	-36,904	298,171	-89,676	170,498	-73,282	202,559
Deferred Taxes & Provisions	12,393	29,298	-17,073	2,238	-15,756	39,003	10,901	0	0	0	0	0	-1,036	-1,112	2,148
Cash flow from operations	-211,228	126,815	1,007,743	-107,368	4,035,042	-1,491,040	2,672,145	3,223,817	-318,466	-448,283	-2,357,965	517,150	274,005	-90,253	-898,333
Investing Activities
capital expenditure	-146,015	-151,699	-31,141	-94,391	-45,927	-315,678	-27,633	-58,713	-89,625	-73,683	-36,181	-50,366	-51,418	-14,935	-1,217,059
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	60,295
cash flow from investments	-146,015	-151,699	-31,141	-94,391	-45,927	-315,678	-27,633	-58,713	-89,625	-73,683	-36,181	-50,366	-51,418	-14,935	-1,277,354
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-50,000	-50,000	-25,000	125,000
Long term loans	-500,000	-200,000	-300,000	500,000	0	0	-561,769	61,769	0	0	0	0	100,000	-75,000	1,035,295
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	-6,782	6,782
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	507,706
interest	-40,905	-38,200	-59,199	-41,349	-61,378	-63,025	-83,609	-144,766	-147,820	-128,281	-115,819	-66,786	-68,761	-66,825	-61,789
cash flow from financing	-540,905	-238,200	-359,199	458,651	-61,378	-63,025	-645,378	-82,997	-147,820	-128,281	-115,819	-116,786	-18,761	-173,607	1,612,994
cash and cash equivalents
cash	-415,106	-438,084	117,403	-243,108	991,571	-268,777	-119,118	-539,716	942,003	-105,858	130,827	3,977	-9,105	-31,571	71,215
overdraft	612,042	0	0	0	-2,556,166	1,900,966	-1,998,252	-3,171,823	1,897,914	724,389	2,760,792	-346,021	-212,931	307,224	693,908
change in cash	-1,027,148	-438,084	117,403	-243,108	3,547,737	-2,169,743	1,879,134	2,632,107	-955,911	-830,247	-2,629,965	349,998	203,826	-338,795	-622,693

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for simms international plc by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in ME13 area or any other competitors across 12 key performance metrics.

SIMMS INTERNATIONAL PLC group structure

Simms International Plc has 1 subsidiary company.

Ultimate parent company

RORKE HOLDINGS LIMITED

04830467

1 parent

SIMMS INTERNATIONAL PLC

02653692

1 subsidiary

JACTRON LTD.

02315766

SIMMS INTERNATIONAL PLC Shareholders

rorke holdings ltd

100%

Simms International Plc currently has 7 directors. The longest serving directors include Mr Andrew Henderson (Oct 1991) and Ms Sarah Henderson (Oct 2008).

officer	country	age	start	end	role
Mr Andrew Henderson	United Kingdom	62 years	Oct 1991	-	Director
Ms Sarah Henderson		58 years	Oct 2008	-	Director
Ms Sarah Henderson	United Kingdom	58 years	Oct 2008	-	Director
Ms Claire Beaumont	United Kingdom	54 years	Jul 2020	-	Director
Mr Mark Whitby	United Kingdom	60 years	Jul 2020	-	Director
Mr Royston Guest	United Kingdom	51 years	Jul 2020	-	Director
Mr Mark Whitby		60 years	Jul 2020	-	Director

P&L

December 2023

turnover

21.9m

-19%

operating profit

743.9k

-6%

gross margin

18.2%

+21.99%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

4.2m

+0.1%

total assets

8.2m

+0.11%

cash

86.6k

-0.83%

net assets

Total assets minus all liabilities

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company number

02653692

Type

Public limited with Share Capital

industry

46510 - Wholesale of computers, computer peripheral equipment and software

incorporation date

October 1991

ultimate parent company

RORKE HOLDINGS LIMITED

previous names

N/A

address

the goods shed jubilee way, faversham, kent, ME13 8GD

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 3 charges/mortgages relating to simms international plc. Currently there are 2 open charges and 1 have been satisfied in the past.

simms international plc Company Information

simms international plc Estimated Valuation

simms international plc Estimated Valuation

simms international plc Estimated Valuation

Simms International Plc Overview

Simms International Plc Health Check

SIMMS INTERNATIONAL PLC financials

simms international plc Credit Report and Business Information

Simms International Plc Competitor Analysis

simms international plc Ownership

simms international plc directors

simms international plc company details

simms international plc Charges & Mortgages

simms international plc Companies House Filings - See Documents