surefire services ltd.

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surefire services ltd. Company Information

Share SUREFIRE SERVICES LTD.
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Company Number

02789391

Registered 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

Directors

Alan Wheal1 Years

Mark Wheeler1 Years

View All

Shareholders

ea-rs group limited 100%

surefire services ltd. Estimated Valuation

£2.5m

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

£1.3m

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

£5.8m

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).

Valuation Calculator
This valuation is estimated based on financial data from April 2022 

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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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £4.5m, make it larger than the average company (£2.9m)

£4.5m - Surefire Services Ltd.

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.9%)

-2% - Surefire Services Ltd.

1.9% - Industry AVG

production

Production

with a gross margin of 29.7%, this company has a comparable cost of product (29.7%)

29.7% - Surefire Services Ltd.

29.7% - Industry AVG

profitability

Profitability

an operating margin of 5% make it less profitable than the average company (7.1%)

5% - Surefire Services Ltd.

7.1% - Industry AVG

employees

Employees

with 39 employees, this is above the industry average (20)

39 - Surefire Services Ltd.

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)

£41.8k - Surefire Services Ltd.

£41.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £115.9k, this is less efficient (£141.1k)

£115.9k - Surefire Services Ltd.

£141.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 69 days, this is near the average (59 days)

69 days - Surefire Services Ltd.

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 71 days, this is slower than average (41 days)

71 days - Surefire Services Ltd.

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is less than average (28 days)

15 days - Surefire Services Ltd.

28 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Surefire Services Ltd. Competitor Analysis

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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. Shareholders

ea-rs group limited 100%

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).

officercountryagestartendrole
Mr Alan WhealUnited Kingdom55 years Jan 2023- Director
Mr Mark WheelerEngland48 years Jan 2023- Director
Mr David Pugh62 years Mar 2023- Director

SUREFIRE SERVICES LTD. financials

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Oct 2010Sep 2009
Turnover4,518,8663,927,7634,649,9314,750,5526,153,9095,721,1984,022,8934,255,5713,787,0273,836,6233,240,9761,073,5270
Other Income Or Grants0000000000000
Cost Of Sales3,177,1352,804,0273,259,7533,305,7634,130,3963,708,7952,623,3692,879,1182,493,9872,520,6152,083,203676,4410
Gross Profit1,341,7311,123,7371,390,1791,444,7892,023,5132,012,4031,399,5241,376,4531,293,0401,316,0081,157,773397,0860
Admin Expenses1,116,279752,5631,366,0091,204,0211,846,8001,919,3891,241,7841,176,1141,249,2971,215,658514,349368,086-282,764
Operating Profit225,452371,17424,170240,768176,71393,014157,740200,33943,743100,350643,42429,000282,764
Interest Payable0000000000000
Interest Receivable7,5226463201,3605036692,7132,3141,3961,2587301,515772
Pre-Tax Profit232,974371,82024,490242,128177,21693,683160,453202,65445,139101,608644,15430,515283,536
Tax-44,265-70,646-4,653-46,004-33,671-17,800-32,090-40,531-9,479-23,370-154,597-8,544-79,390
Profit After Tax188,709301,17419,837196,124143,54575,883128,362162,12335,66078,238489,55721,971204,146
Dividends Paid0000000000000
Retained Profit188,709301,17419,837196,124143,54575,883128,362162,12335,66078,238489,55721,971204,146
Employee Costs1,628,7851,443,1611,629,6131,519,0041,080,941835,505654,4071,081,709942,9241,015,720877,664344,3280
Number Of Employees3936413827221728252724100
EBITDA*237,508381,61236,116250,810183,27496,715160,188201,64044,481100,666643,44129,000282,764

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Oct 2010Sep 2009
Tangible Assets20,64511,86116,61818,75711,7446,8265,6893,4682,1501,39659100
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets20,64511,86116,61818,75711,7446,8265,6893,4682,1501,39659100
Stock & work in progress138,527105,96683,76387,25950,76960,53128,08827,00029,42316,7444,13800
Trade Debtors861,151748,961871,8351,028,3451,727,7331,622,814992,997930,114832,159851,394711,590159,830157,880
Group Debtors603,529683,383690,384726,130000000000
Misc Debtors98,320148,36665,797107,311000000000
Cash1,163,606842,201449,849190,340172,45428,617506,508578,571347,181211,197291,930297,378308,737
misc current assets0000000000000
total current assets2,865,1332,528,8772,161,6282,139,3851,950,9561,711,9621,527,5931,535,6851,208,7631,079,3351,007,658457,208466,617
total assets2,885,7782,540,7382,178,2462,158,1421,962,7001,718,7881,533,2821,539,1531,210,9131,080,7311,008,249457,208466,617
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 626,471487,961535,025511,499849,232748,865639,242773,475607,358512,836518,592230,991262,371
Group/Directors Accounts0000000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities439,995422,174313,792337,051000000000
total current liabilities1,066,466910,135848,817848,550849,232748,865639,242773,475607,358512,836518,592230,991262,371
loans0000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities0000000000000
provisions0000000000000
total long term liabilities0000000000000
total liabilities1,066,466910,135848,817848,550849,232748,865639,242773,475607,358512,836518,592230,991262,371
net assets1,819,3121,630,6031,329,4291,309,5921,113,468969,923894,040765,678603,555567,895489,657226,217204,246
total shareholders funds1,819,3121,630,6031,329,4291,309,5921,113,468969,923894,040765,678603,555567,895489,657226,217204,246
Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Oct 2010Sep 2009
Operating Activities
Operating Profit225,452371,17424,170240,768176,71393,014157,740200,33943,743100,350643,42429,000282,764
Depreciation12,05610,43811,94610,0426,5613,7012,4481,3017383161700
Amortisation0000000000000
Tax-44,265-70,646-4,653-46,004-33,671-17,800-32,090-40,531-9,479-23,370-154,597-8,544-79,390
Stock32,56122,203-3,49636,490-9,76232,4431,088-2,42312,67912,6064,13800
Debtors-17,710-47,306-233,770134,053104,919629,81762,88397,955-19,235139,804711,5901,950157,880
Creditors138,510-47,06423,526-337,733100,367109,623-134,233166,11794,522-5,756518,592-31,380262,371
Accruals and Deferred Income17,821108,382-23,259337,051000000000
Deferred Taxes & Provisions0000000000000
Cash flow from operations334,723397,387268,99633,581154,813-473,722-70,106231,694136,080-80,870291,708-12,874307,865
Investing Activities
capital expenditure-20,840-5,681-9,807-17,055-11,479-4,838-4,669-2,619-1,492-1,121-60800
Change in Investments0000000000000
cash flow from investments-20,840-5,681-9,807-17,055-11,479-4,838-4,669-2,619-1,492-1,121-60800
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000000000000
Other Short Term Loans 0000000000000
Long term loans0000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities0000000000000
share issue00000000001000100
interest7,5226463201,3605036692,7132,3141,3961,2587301,515772
cash flow from financing7,5226463201,3605036692,7132,3141,3961,2588301,515872
cash and cash equivalents
cash321,405392,352259,50917,886143,837-477,891-72,063231,390135,984-80,733291,930-11,359308,737
overdraft0000000000000
change in cash321,405392,352259,50917,886143,837-477,891-72,063231,390135,984-80,733291,930-11,359308,737

P&L

April 2022

turnover

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 2022

net 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

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.

charges

surefire services ltd. Companies House Filings - See Documents

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