remtech (computer security) limited
remtech (computer security) limited Company Information
Company Number
02655297
Website
www.remtech.comRegistered Address
st. marys house netherhampton, salisbury, wiltshire, SP2 8PU
Industry
Other manufacturing n.e.c.
Telephone
02087868787
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
mr w.m. lawrence 100%
remtech (computer security) limited Estimated Valuation
Pomanda estimates the enterprise value of REMTECH (COMPUTER SECURITY) LIMITED at £2.1m based on a Turnover of £3.4m and 0.62x industry multiple (adjusted for size and gross margin).
remtech (computer security) limited Estimated Valuation
Pomanda estimates the enterprise value of REMTECH (COMPUTER SECURITY) LIMITED at £2.4m based on an EBITDA of £540.7k and a 4.44x industry multiple (adjusted for size and gross margin).
remtech (computer security) limited Estimated Valuation
Pomanda estimates the enterprise value of REMTECH (COMPUTER SECURITY) LIMITED at £5.2m based on Net Assets of £2.8m and 1.86x industry multiple (adjusted for liquidity).
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Remtech (computer Security) Limited Overview
Remtech (computer Security) Limited is a live company located in wiltshire, SP2 8PU with a Companies House number of 02655297. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 1991, it's largest shareholder is mr w.m. lawrence with a 100% stake. Remtech (computer Security) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.
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Remtech (computer Security) Limited Health Check
Pomanda's financial health check has awarded Remtech (Computer Security) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £3.4m, make it smaller than the average company (£13.6m)
- Remtech (computer Security) Limited
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 128%, show it is growing at a faster rate (5%)
- Remtech (computer Security) Limited
5% - Industry AVG
Production
with a gross margin of 29.2%, this company has a comparable cost of product (29.2%)
- Remtech (computer Security) Limited
29.2% - Industry AVG
Profitability
an operating margin of 16.1% make it more profitable than the average company (6%)
- Remtech (computer Security) Limited
6% - Industry AVG
Employees
with 1 employees, this is below the industry average (73)
1 - Remtech (computer Security) Limited
73 - Industry AVG
Pay Structure
on an average salary of £41k, the company has an equivalent pay structure (£41k)
- Remtech (computer Security) Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £3.4m, this is more efficient (£174.9k)
- Remtech (computer Security) Limited
£174.9k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (56 days)
- Remtech (computer Security) Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 117 days, this is slower than average (43 days)
- Remtech (computer Security) Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Remtech (computer Security) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 115 weeks, this is more cash available to meet short term requirements (12 weeks)
115 weeks - Remtech (computer Security) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (49.8%)
24.6% - Remtech (computer Security) Limited
49.8% - Industry AVG
REMTECH (COMPUTER SECURITY) LIMITED financials
Remtech (Computer Security) Limited's latest turnover from October 2023 is estimated at £3.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Remtech (Computer Security) Limited has 1 employee and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 375,204 | 376,224 | 377,499 | 378,468 | 378,547 | 395,559 | 397,028 | 398,757 | 43,879 | 49,731 | 59,305 | 36,768 | 40,178 | 46,258 | 30,346 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 298 | 373 | 466 | 932 | 1,398 | 1,864 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 375,204 | 376,224 | 377,499 | 378,468 | 378,547 | 395,559 | 397,028 | 398,757 | 43,879 | 50,029 | 59,678 | 37,234 | 41,110 | 47,656 | 32,210 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 757,729 | 357,884 | 186,211 | 24,870 | 677,213 | 228,117 | 124,972 | 424,229 | 291,823 | 317,108 | 48,154 | 642,495 | 623,909 | 255,442 | 653,390 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 551,115 | 512,026 | 24,111 | 46,109 | 5,281 | 5,708 | 13,468 | 5,185 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,017,020 | 1,404,310 | 1,692,269 | 1,667,073 | 1,241,196 | 1,157,755 | 1,008,313 | 851,818 | 1,380,229 | 1,282,096 | 1,438,680 | 1,009,631 | 663,911 | 831,893 | 711,431 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,325,864 | 2,274,220 | 1,902,591 | 1,738,052 | 1,923,690 | 1,391,580 | 1,146,753 | 1,281,232 | 1,672,052 | 1,599,204 | 1,486,834 | 1,652,126 | 1,287,820 | 1,087,335 | 1,364,821 |
| total assets | 3,701,068 | 2,650,444 | 2,280,090 | 2,116,520 | 2,302,237 | 1,787,139 | 1,543,781 | 1,679,989 | 1,715,931 | 1,649,233 | 1,546,512 | 1,689,360 | 1,328,930 | 1,134,991 | 1,397,031 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 761,373 | 244,111 | 152,052 | 71,101 | 587,461 | 174,340 | 124,800 | 279,345 | 252,573 | 157,860 | 113,696 | 426,065 | 423,720 | 229,358 | 627,689 |
| Group/Directors Accounts | 0 | 0 | 2,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 939 | 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 | 0 |
| other current liabilities | 148,451 | 82,998 | 42,357 | 95,453 | 94,700 | 91,542 | 22,513 | 12,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 909,824 | 327,109 | 198,048 | 166,554 | 682,161 | 265,882 | 147,313 | 291,445 | 252,573 | 157,860 | 113,696 | 426,065 | 423,720 | 229,358 | 627,689 |
| loans | 0 | 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 | 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 | 0 | 969 | 1,212 | 1,396 | 1,024 | 4,643 | 5,030 | 5,333 | 0 | 9,660 | 4,458 | 3,979 | 4,797 | 20,747 | 15,033 |
| total long term liabilities | 0 | 969 | 1,212 | 1,396 | 1,024 | 4,643 | 5,030 | 5,333 | 0 | 9,660 | 4,458 | 3,979 | 4,797 | 20,747 | 15,033 |
| total liabilities | 909,824 | 328,078 | 199,260 | 167,950 | 683,185 | 270,525 | 152,343 | 296,778 | 252,573 | 167,520 | 118,154 | 430,044 | 428,517 | 250,105 | 642,722 |
| net assets | 2,791,244 | 2,322,366 | 2,080,830 | 1,948,570 | 1,619,052 | 1,516,614 | 1,391,438 | 1,383,211 | 1,463,358 | 1,481,713 | 1,428,358 | 1,259,316 | 900,413 | 884,886 | 754,309 |
| total shareholders funds | 2,791,244 | 2,322,366 | 2,080,830 | 1,948,570 | 1,619,052 | 1,516,614 | 1,391,438 | 1,383,211 | 1,463,358 | 1,481,713 | 1,428,358 | 1,259,316 | 900,413 | 884,886 | 754,309 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,020 | 1,275 | 1,594 | 1,836 | 1,856 | 1,469 | 1,729 | 3,546 | 7,746 | 9,728 | 12,681 | 5,313 | 6,470 | 8,358 | 2,722 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 298 | 75 | 93 | 466 | 466 | 466 | |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 438,934 | 659,588 | 139,343 | -611,515 | 448,669 | 95,385 | -290,974 | 137,591 | -25,285 | 268,954 | -594,341 | 18,586 | 368,467 | -397,948 | 653,390 |
| Creditors | 517,262 | 92,059 | 80,951 | -516,360 | 413,121 | 49,540 | -154,545 | 26,772 | 94,713 | 44,164 | -312,369 | 2,345 | 194,362 | -398,331 | 627,689 |
| Accruals and Deferred Income | 65,453 | 40,641 | -53,096 | 753 | 3,158 | 69,029 | 10,413 | 12,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -969 | -243 | -184 | 372 | -3,619 | -387 | -303 | 5,333 | -9,660 | 5,202 | 479 | -818 | -15,950 | 5,714 | 15,033 |
| 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 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -2,700 | 2,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -939 | 939 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 612,710 | -287,959 | 25,196 | 425,877 | 83,441 | 149,442 | 156,495 | -528,411 | 98,133 | -156,584 | 429,049 | 345,720 | -167,982 | 120,462 | 711,431 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 612,710 | -287,959 | 25,196 | 425,877 | 83,441 | 149,442 | 156,495 | -528,411 | 98,133 | -156,584 | 429,049 | 345,720 | -167,982 | 120,462 | 711,431 |
remtech (computer security) limited Credit Report and Business Information
Remtech (computer Security) Limited Competitor Analysis
Perform a competitor analysis for remtech (computer security) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SP2 area or any other competitors across 12 key performance metrics.
remtech (computer security) limited Ownership
REMTECH (COMPUTER SECURITY) LIMITED group structure
Remtech (Computer Security) Limited has 1 subsidiary company.
Ultimate parent company
REMTECH (COMPUTER SECURITY) LIMITED
02655297
1 subsidiary
remtech (computer security) limited directors
Remtech (Computer Security) Limited currently has 2 directors. The longest serving directors include Mr Warren Lawrence (Oct 1991) and Ms Natasha Lawrence (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Warren Lawrence | United Kingdom | 74 years | Oct 1991 | - | Director |
| Ms Natasha Lawrence | 30 years | Jun 2021 | - | Director |
P&L
October 2023turnover
3.4m
+141%
operating profit
539.6k
0%
gross margin
29.3%
-1.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
2.8m
+0.2%
total assets
3.7m
+0.4%
cash
2m
+0.44%
net assets
Total assets minus all liabilities
remtech (computer security) limited company details
company number
02655297
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
October 1991
age
33
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2023
address
st. marys house netherhampton, salisbury, wiltshire, SP2 8PU
accountant
-
auditor
-
remtech (computer security) 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 remtech (computer security) limited.
remtech (computer security) limited Companies House Filings - See Documents
| date | description | view/download |
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