Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
kelvin house, r t c business park, derby, DE24 8UP
Pomanda estimates the enterprise value of SIGNET SOLUTIONS LIMITED at £921.7k based on a Turnover of £2m and 0.46x industry multiple (adjusted for size and gross margin).
signet solutions limitedEstimated Valuation
£187.3k
Pomanda estimates the enterprise value of SIGNET SOLUTIONS LIMITED at £187.3k based on an EBITDA of £51.7k and a 3.62x industry multiple (adjusted for size and gross margin).
signet solutions limitedEstimated Valuation
£763.8k
Pomanda estimates the enterprise value of SIGNET SOLUTIONS LIMITED at £763.8k based on Net Assets of £373.9k and 2.04x industry multiple (adjusted for liquidity).
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Signet Solutions LimitedOverview
Signet Solutions Limited is a live company located in derby, DE24 8UP with a Companies House number of 03226990. It operates in the other engineering activities sector, SIC Code 71129. Founded in July 1996, it's largest shareholder is
andrew knight
with a 51.5% stake. Signet Solutions Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Signet Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
3 Regular
3 Weak
Size
annual sales of £2m, make it smaller than the average company (£3.1m)
£2m - Signet Solutions Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (5.9%)
70% - Signet Solutions Limited
5.9% - Industry AVG
Production
with a gross margin of 34.7%, this company has a comparable cost of product (34.7%)
34.7% - Signet Solutions Limited
34.7% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (6.5%)
1.9% - Signet Solutions Limited
6.5% - Industry AVG
Employees
with 9 employees, this is below the industry average (26)
9 - Signet Solutions Limited
26 - Industry AVG
Pay Structure
on an average salary of £54.2k, the company has an equivalent pay structure (£54.2k)
£54.2k - Signet Solutions Limited
£54.2k - Industry AVG
Efficiency
resulting in sales per employee of £223k, this is more efficient (£124.5k)
£223k - Signet Solutions Limited
£124.5k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (67 days)
30 days - Signet Solutions Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 159 days, this is slower than average (28 days)
159 days - Signet Solutions Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Signet Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 65 weeks, this is more cash available to meet short term requirements (19 weeks)
65 weeks - Signet Solutions Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.8%, this is a similar level of debt than the average (57.3%)
60.8% - Signet Solutions Limited
57.3% - Industry AVG
SIGNET SOLUTIONS LIMITED financials
EXPORT
Signet Solutions Limited's latest turnover from July 2023 is estimated at £2 million and the company has net assets of £373.9 thousand. According to their latest financial statements, Signet Solutions Limited has 9 employees and maintains cash reserves of £726.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Turnover
2,006,947
1,526,361
606,581
407,918
654,400
426,570
459,328
807,172
2,300,111
1,606,653
1,350,467
792,729
683,705
900,742
Other Income Or Grants
Cost Of Sales
1,310,369
1,013,585
397,851
273,990
430,663
275,164
295,980
502,974
1,433,045
1,027,101
878,873
508,129
412,666
535,751
Gross Profit
696,578
512,776
208,730
133,928
223,737
151,406
163,347
304,198
867,067
579,552
471,593
284,600
271,039
364,991
Admin Expenses
658,547
460,747
237,862
147,026
233,618
166,742
194,533
270,833
865,850
573,172
450,798
282,408
320,112
416,944
-837,392
Operating Profit
38,031
52,029
-29,132
-13,098
-9,881
-15,336
-31,186
33,365
1,217
6,380
20,795
2,192
-49,073
-51,953
837,392
Interest Payable
Interest Receivable
35,767
8,470
623
546
3,629
2,651
1,388
2,490
2,206
1,646
1,144
1,009
1,138
1,663
1,013
Pre-Tax Profit
73,799
60,499
-28,509
-12,552
-6,252
-12,685
-29,798
35,855
3,424
8,025
21,939
3,201
-47,935
-50,290
838,406
Tax
-18,450
-11,495
-7,171
-685
-1,685
-5,046
-768
-234,754
Profit After Tax
55,349
49,004
-28,509
-12,552
-6,252
-12,685
-29,798
28,684
2,739
6,340
16,893
2,433
-47,935
-50,290
603,652
Dividends Paid
Retained Profit
55,349
49,004
-28,509
-12,552
-6,252
-12,685
-29,798
28,684
2,739
6,340
16,893
2,433
-47,935
-50,290
603,652
Employee Costs
488,060
462,776
379,364
365,662
285,202
285,847
272,408
367,804
885,940
552,853
518,323
336,000
321,341
386,586
Number Of Employees
9
9
8
8
6
6
6
8
19
12
12
8
8
10
EBITDA*
51,730
57,228
-29,132
-13,098
-9,881
-15,336
-31,186
33,365
1,217
25,421
27,140
11,863
-35,680
-35,029
857,929
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Tangible Assets
58,058
15,596
19,044
25,389
33,585
52,410
62,412
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
58,058
15,596
19,044
25,389
33,585
52,410
62,412
Stock & work in progress
Trade Debtors
169,775
81,838
109,640
45,287
163,736
70,404
96,678
167,589
292,365
205,630
223,839
153,768
148,631
160,451
114,754
Group Debtors
Misc Debtors
12,004
12,004
21,213
40,814
23,335
19,544
Cash
726,454
704,242
650,890
596,096
495,021
472,639
587,741
522,670
473,185
409,322
248,993
208,543
195,217
259,809
405,304
misc current assets
4,868
5,651
total current assets
896,229
786,080
772,534
653,387
679,970
588,725
713,405
709,803
765,550
614,952
472,832
362,311
343,848
420,260
520,058
total assets
954,287
801,676
772,534
653,387
679,970
588,725
713,405
709,803
765,550
614,952
491,876
387,700
377,433
472,670
582,470
Bank overdraft
Bank loan
Trade Creditors
573,417
467,840
28,934
15,861
35,891
29,495
18,895
33,314
434,938
287,079
170,343
83,060
75,226
122,528
182,038
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
7,017
15,332
474,100
339,517
333,518
242,417
365,012
317,193
total current liabilities
580,434
483,172
503,034
355,378
369,409
271,912
383,907
350,507
434,938
287,079
170,343
83,060
75,226
122,528
182,038
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
580,434
483,172
503,034
355,378
369,409
271,912
383,907
350,507
434,938
287,079
170,343
83,060
75,226
122,528
182,038
net assets
373,853
318,504
269,500
298,009
310,561
316,813
329,498
359,296
330,612
327,873
321,533
304,640
302,207
350,142
400,432
total shareholders funds
373,853
318,504
269,500
298,009
310,561
316,813
329,498
359,296
330,612
327,873
321,533
304,640
302,207
350,142
400,432
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Operating Activities
Operating Profit
38,031
52,029
-29,132
-13,098
-9,881
-15,336
-31,186
33,365
1,217
6,380
20,795
2,192
-49,073
-51,953
837,392
Depreciation
13,699
5,199
19,041
6,345
9,671
13,393
16,924
20,537
Amortisation
Tax
-18,450
-11,495
-7,171
-685
-1,685
-5,046
-768
-234,754
Stock
Debtors
87,937
-39,806
64,353
-127,658
73,731
-8,795
-67,120
-105,232
86,735
-18,209
70,071
5,137
-11,820
45,697
114,754
Creditors
105,577
438,906
13,073
-20,030
6,396
10,600
-14,419
-401,624
147,859
116,736
87,283
7,834
-47,302
-59,510
182,038
Accruals and Deferred Income
-8,315
-458,768
134,583
5,999
91,101
-122,595
47,819
317,193
Deferred Taxes & Provisions
Cash flow from operations
42,605
65,677
54,171
100,529
13,885
-118,536
69,334
46,995
61,656
158,681
39,306
13,792
-71,162
-140,236
690,459
Investing Activities
capital expenditure
-56,161
-20,795
3
-1,475
5,432
-6,922
-82,949
Change in Investments
cash flow from investments
-56,161
-20,795
3
-1,475
5,432
-6,922
-82,949
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-203,220
interest
35,767
8,470
623
546
3,629
2,651
1,388
2,490
2,206
1,646
1,144
1,009
1,138
1,663
1,013
cash flow from financing
35,767
8,470
623
546
3,629
2,651
1,388
2,490
2,206
1,646
1,144
1,009
1,138
1,663
-202,207
cash and cash equivalents
cash
22,212
53,352
54,794
101,075
22,382
-115,102
65,071
49,485
63,863
160,329
40,450
13,326
-64,592
-145,495
405,304
overdraft
change in cash
22,212
53,352
54,794
101,075
22,382
-115,102
65,071
49,485
63,863
160,329
40,450
13,326
-64,592
-145,495
405,304
signet solutions limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for signet solutions limited. Get real-time insights into signet solutions limited's credit score, group structure and payment trends.
Perform a competitor analysis for signet solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in DE24 area or any other competitors across 12 key performance metrics.
signet solutions limited Ownership
SIGNET SOLUTIONS LIMITED group structure
Signet Solutions Limited has no subsidiary companies.
Ultimate parent company
SIGNET SOLUTIONS LIMITED
03226990
SIGNET SOLUTIONS LIMITED Shareholders
The largest shareholders in Signet Solutions Limited include Andrew Knight and Reuben Dakin.
andrew knight
51.52%
reuben dakin
30.3%
isobel knight
18.18%
signet solutions limited directors
Signet Solutions Limited currently has 3 directors.
The longest serving directors include
Mr Andrew Knight (Jan 2002) and
Mr William Dakin (Jul 2003).
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
July 1996
age
29
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
kelvin house, r t c business park, derby, DE24 8UP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
signet solutions 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 signet solutions limited.
signet solutions limited Capital Raised & Share Issues BETA
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signet solutions limitedCompanies House Filings - See Documents
