surefire services ltd. Company Information
Company Number
02789391
Website
www.surefire.co.ukRegistered Address
4 swanbridge industrial park, black croft road, witham, essex, CM8 3YN
Industry
Repair of other equipment
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
03456014110
Next Accounts Due
58 days late
Group Structure
View All
Shareholders
ea-rs group limited 100%
surefire services ltd. Estimated Valuation
Pomanda estimates the enterprise value of SUREFIRE SERVICES LTD. at £2.5m based on a Turnover of £4.5m and 0.55x industry multiple (adjusted for size and gross margin).
surefire services ltd. Estimated Valuation
Pomanda estimates the enterprise value of SUREFIRE SERVICES LTD. at £1.3m based on an EBITDA of £237.5k and a 5.64x industry multiple (adjusted for size and gross margin).
surefire services ltd. Estimated Valuation
Pomanda estimates the enterprise value of SUREFIRE SERVICES LTD. at £5.8m based on Net Assets of £1.8m and 3.21x industry multiple (adjusted for liquidity).
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Surefire Services Ltd. Overview
Surefire Services Ltd. is a live company located in witham, CM8 3YN with a Companies House number of 02789391. It operates in the repair of other equipment sector, SIC Code 33190. Founded in February 1993, it's largest shareholder is ea-rs group limited with a 100% stake. Surefire Services Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.
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Surefire Services Ltd. Health Check
Pomanda's financial health check has awarded Surefire Services Ltd. 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
3 Regular
3 Weak
Size
annual sales of £4.5m, make it larger than the average company (£2.9m)
- Surefire Services Ltd.
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.9%)
- Surefire Services Ltd.
1.9% - Industry AVG
Production
with a gross margin of 29.7%, this company has a comparable cost of product (29.7%)
- Surefire Services Ltd.
29.7% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (7.1%)
- Surefire Services Ltd.
7.1% - Industry AVG
Employees
with 39 employees, this is above the industry average (20)
39 - Surefire Services Ltd.
20 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
- Surefire Services Ltd.
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £115.9k, this is less efficient (£141.1k)
- Surefire Services Ltd.
£141.1k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is near the average (59 days)
- Surefire Services Ltd.
59 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (41 days)
- Surefire Services Ltd.
41 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (28 days)
- Surefire Services Ltd.
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 56 weeks, this is more cash available to meet short term requirements (23 weeks)
56 weeks - Surefire Services Ltd.
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37%, this is a lower level of debt than the average (61.3%)
37% - Surefire Services Ltd.
61.3% - Industry AVG
surefire services ltd. Credit Report and Business Information
Surefire Services Ltd. Competitor Analysis
Perform a competitor analysis for surefire services ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
surefire services ltd. Ownership
SUREFIRE SERVICES LTD. group structure
Surefire Services Ltd. has no subsidiary companies.
Ultimate parent company
2 parents
SUREFIRE SERVICES LTD.
02789391
surefire services ltd. directors
Surefire Services Ltd. currently has 3 directors. The longest serving directors include Mr Alan Wheal (Jan 2023) and Mr Mark Wheeler (Jan 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Alan Wheal | United Kingdom | 55 years | Jan 2023 | - | Director |
Mr Mark Wheeler | England | 48 years | Jan 2023 | - | Director |
Mr David Pugh | 62 years | Mar 2023 | - | Director |
SUREFIRE SERVICES LTD. financials
Surefire Services Ltd.'s latest turnover from April 2022 is estimated at £4.5 million and the company has net assets of £1.8 million. According to their latest financial statements, Surefire Services Ltd. has 39 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Oct 2010 | Sep 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 | 39 | 36 | 41 | 38 | 27 | 22 | 17 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Oct 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 20,645 | 11,861 | 16,618 | 18,757 | 11,744 | 6,826 | 5,689 | 3,468 | 2,150 | 1,396 | 591 | 0 | 0 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 20,645 | 11,861 | 16,618 | 18,757 | 11,744 | 6,826 | 5,689 | 3,468 | 2,150 | 1,396 | 591 | 0 | 0 |
Stock & work in progress | 138,527 | 105,966 | 83,763 | 87,259 | 50,769 | 60,531 | 28,088 | 27,000 | 29,423 | 16,744 | 4,138 | 0 | 0 |
Trade Debtors | 861,151 | 748,961 | 871,835 | 1,028,345 | 1,727,733 | 1,622,814 | 992,997 | 930,114 | 832,159 | 851,394 | 711,590 | 159,830 | 157,880 |
Group Debtors | 603,529 | 683,383 | 690,384 | 726,130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 98,320 | 148,366 | 65,797 | 107,311 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,163,606 | 842,201 | 449,849 | 190,340 | 172,454 | 28,617 | 506,508 | 578,571 | 347,181 | 211,197 | 291,930 | 297,378 | 308,737 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,865,133 | 2,528,877 | 2,161,628 | 2,139,385 | 1,950,956 | 1,711,962 | 1,527,593 | 1,535,685 | 1,208,763 | 1,079,335 | 1,007,658 | 457,208 | 466,617 |
total assets | 2,885,778 | 2,540,738 | 2,178,246 | 2,158,142 | 1,962,700 | 1,718,788 | 1,533,282 | 1,539,153 | 1,210,913 | 1,080,731 | 1,008,249 | 457,208 | 466,617 |
Bank overdraft | 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 |
Trade Creditors | 626,471 | 487,961 | 535,025 | 511,499 | 849,232 | 748,865 | 639,242 | 773,475 | 607,358 | 512,836 | 518,592 | 230,991 | 262,371 |
Group/Directors Accounts | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 439,995 | 422,174 | 313,792 | 337,051 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,066,466 | 910,135 | 848,817 | 848,550 | 849,232 | 748,865 | 639,242 | 773,475 | 607,358 | 512,836 | 518,592 | 230,991 | 262,371 |
loans | 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 |
Accruals and Deferred Income | 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 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 1,066,466 | 910,135 | 848,817 | 848,550 | 849,232 | 748,865 | 639,242 | 773,475 | 607,358 | 512,836 | 518,592 | 230,991 | 262,371 |
net assets | 1,819,312 | 1,630,603 | 1,329,429 | 1,309,592 | 1,113,468 | 969,923 | 894,040 | 765,678 | 603,555 | 567,895 | 489,657 | 226,217 | 204,246 |
total shareholders funds | 1,819,312 | 1,630,603 | 1,329,429 | 1,309,592 | 1,113,468 | 969,923 | 894,040 | 765,678 | 603,555 | 567,895 | 489,657 | 226,217 | 204,246 |
Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Oct 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | |||||||||||||
Depreciation | 12,056 | 10,438 | 11,946 | 10,042 | 6,561 | 3,701 | 2,448 | 1,301 | 738 | 316 | 17 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||
Stock | 32,561 | 22,203 | -3,496 | 36,490 | -9,762 | 32,443 | 1,088 | -2,423 | 12,679 | 12,606 | 4,138 | 0 | 0 |
Debtors | -17,710 | -47,306 | -233,770 | 134,053 | 104,919 | 629,817 | 62,883 | 97,955 | -19,235 | 139,804 | 711,590 | 1,950 | 157,880 |
Creditors | 138,510 | -47,064 | 23,526 | -337,733 | 100,367 | 109,623 | -134,233 | 166,117 | 94,522 | -5,756 | 518,592 | -31,380 | 262,371 |
Accruals and Deferred Income | 17,821 | 108,382 | -23,259 | 337,051 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 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 |
cash flow from investments | |||||||||||||
Financing Activities | |||||||||||||
Bank loans | 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 |
Other Short Term Loans | 0 | 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 |
Hire Purchase and Lease Commitments | 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 |
share issue | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
cash and cash equivalents | |||||||||||||
cash | 321,405 | 392,352 | 259,509 | 17,886 | 143,837 | -477,891 | -72,063 | 231,390 | 135,984 | -80,733 | 291,930 | -11,359 | 308,737 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 321,405 | 392,352 | 259,509 | 17,886 | 143,837 | -477,891 | -72,063 | 231,390 | 135,984 | -80,733 | 291,930 | -11,359 | 308,737 |
P&L
April 2022turnover
4.5m
+15%
operating profit
225.5k
0%
gross margin
29.7%
+3.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2022net assets
1.8m
+0.12%
total assets
2.9m
+0.14%
cash
1.2m
+0.38%
net assets
Total assets minus all liabilities
surefire services ltd. company details
company number
02789391
Type
Private limited with Share Capital
industry
33190 - Repair of other equipment
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
February 1993
age
31
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
4 swanbridge industrial park, black croft road, witham, essex, CM8 3YN
last accounts submitted
April 2022
surefire services ltd. 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 3 charges/mortgages relating to surefire services ltd.. Currently there are 2 open charges and 1 have been satisfied in the past.
surefire services ltd. Companies House Filings - See Documents
date | description | view/download |
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