cleveland systems engineering limitedEstimated Valuation
£2.5m
Pomanda estimates the enterprise value of CLEVELAND SYSTEMS ENGINEERING LIMITED at £2.5m based on a Turnover of £3.9m and 0.66x industry multiple (adjusted for size and gross margin).
cleveland systems engineering limitedEstimated Valuation
£3.6m
Pomanda estimates the enterprise value of CLEVELAND SYSTEMS ENGINEERING LIMITED at £3.6m based on an EBITDA of £812.4k and a 4.46x industry multiple (adjusted for size and gross margin).
cleveland systems engineering limitedEstimated Valuation
£8.1m
Pomanda estimates the enterprise value of CLEVELAND SYSTEMS ENGINEERING LIMITED at £8.1m based on Net Assets of £3.6m and 2.26x industry multiple (adjusted for liquidity).
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Cleveland Systems Engineering LimitedOverview
Cleveland Systems Engineering Limited is a live company located in darlington, DL1 4NZ with a Companies House number of 03340849. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 1997, it's largest shareholder is
timothy anthony ashcroft
with a 75% stake. Cleveland Systems Engineering Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£3.9m with
healthy
growth in recent years.
Cleveland Systems Engineering Limited Health Check
Pomanda's financial health check has awarded Cleveland Systems Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
3 Regular
1 Weak
Size
annual sales of £3.9m, make it larger than the average company (£1.4m)
£3.9m - Cleveland Systems Engineering Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9.3%)
9% - Cleveland Systems Engineering Limited
9.3% - Industry AVG
Production
with a gross margin of 43.8%, this company has a comparable cost of product (43.8%)
43.8% - Cleveland Systems Engineering Limited
43.8% - Industry AVG
Profitability
an operating margin of 19.6% make it more profitable than the average company (6.1%)
19.6% - Cleveland Systems Engineering Limited
6.1% - Industry AVG
Employees
with 23 employees, this is above the industry average (12)
23 - Cleveland Systems Engineering Limited
12 - Industry AVG
Pay Structure
on an average salary of £59.6k, the company has an equivalent pay structure (£59.6k)
£59.6k - Cleveland Systems Engineering Limited
£59.6k - Industry AVG
Efficiency
resulting in sales per employee of £167.9k, this is more efficient (£130.9k)
£167.9k - Cleveland Systems Engineering Limited
£130.9k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (62 days)
78 days - Cleveland Systems Engineering Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (28 days)
56 days - Cleveland Systems Engineering Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cleveland Systems Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 183 weeks, this is more cash available to meet short term requirements (17 weeks)
183 weeks - Cleveland Systems Engineering Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.4%, this is a lower level of debt than the average (55.3%)
20.4% - Cleveland Systems Engineering Limited
55.3% - Industry AVG
CLEVELAND SYSTEMS ENGINEERING LIMITED financials
EXPORT
Cleveland Systems Engineering Limited's latest turnover from March 2024 is estimated at £3.9 million and the company has net assets of £3.6 million. According to their latest financial statements, Cleveland Systems Engineering Limited has 23 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
3,862,394
2,475,985
1,457,604
2,950,767
1,836,703
2,455,279
2,543,000
2,136,603
1,343,346
1,840,029
2,172,211
1,438,041
1,373,178
1,126,676
1,232,543
Other Income Or Grants
Cost Of Sales
2,170,376
1,305,649
798,793
1,515,578
880,043
1,174,463
1,134,530
906,416
552,939
768,202
846,144
515,624
509,323
430,771
461,296
Gross Profit
1,692,017
1,170,336
658,811
1,435,189
956,659
1,280,816
1,408,470
1,230,188
790,407
1,071,827
1,326,067
922,416
863,855
695,905
771,247
Admin Expenses
936,238
576,385
-403,596
1,110,225
903,586
1,361,298
829,434
921,943
630,589
961,037
1,360,020
636,439
760,476
741,801
529,847
Operating Profit
755,779
593,951
1,062,407
324,964
53,073
-80,482
579,036
308,245
159,818
110,790
-33,953
285,977
103,379
-45,896
241,400
Interest Payable
6,001
12,137
11,282
11,647
11,529
14,256
15,115
7,592
Interest Receivable
141,402
99,467
13,994
1,055
813
6,394
3,665
1,377
2,560
1,695
1,626
1,577
653
766
596
Pre-Tax Profit
891,180
681,281
1,065,119
314,373
42,357
-88,344
567,586
302,030
162,378
112,485
-32,327
287,554
104,032
-45,130
241,996
Tax
-222,795
-129,443
-202,373
-59,731
-8,048
-107,841
-60,406
-32,475
-23,622
-69,013
-27,048
-67,759
Profit After Tax
668,385
551,838
862,746
254,642
34,309
-88,344
459,745
241,624
129,902
88,863
-32,327
218,541
76,984
-45,130
174,237
Dividends Paid
Retained Profit
668,385
551,838
862,746
254,642
34,309
-88,344
459,745
241,624
129,902
88,863
-32,327
218,541
76,984
-45,130
174,237
Employee Costs
1,371,442
1,234,958
1,185,275
909,983
1,009,572
1,120,613
788,729
829,279
747,721
807,123
893,083
594,726
592,329
468,360
587,618
Number Of Employees
23
22
23
19
21
21
15
15
13
14
16
11
11
9
11
EBITDA*
812,422
653,372
1,096,085
354,420
79,469
-52,203
604,293
330,082
172,197
122,849
-23,435
290,959
109,238
-41,119
245,932
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
492,932
544,798
437,183
405,344
414,400
440,525
422,828
406,751
41,608
46,097
45,280
18,769
23,751
12,484
15,629
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
492,932
544,798
437,183
405,344
414,400
440,525
422,828
406,751
41,608
46,097
45,280
18,769
23,751
12,484
15,629
Stock & work in progress
Trade Debtors
829,755
535,869
174,346
683,379
403,159
562,688
715,502
473,013
220,662
299,766
355,812
224,969
213,990
183,339
182,976
Group Debtors
Misc Debtors
22,033
232,723
20,938
16,542
18,664
19,502
30,340
19,440
9,226
Cash
3,172,150
2,214,592
2,466,207
1,265,398
844,815
781,729
923,376
542,702
559,018
464,924
212,885
437,525
193,367
67,996
238,534
misc current assets
total current assets
4,023,938
2,983,184
2,661,491
1,965,319
1,266,638
1,363,919
1,669,218
1,035,155
788,906
764,690
568,697
662,494
407,357
251,335
421,510
total assets
4,516,870
3,527,982
3,098,674
2,370,663
1,681,038
1,804,444
2,092,046
1,441,906
830,514
810,787
613,977
681,263
431,108
263,819
437,139
Bank overdraft
31,501
28,496
78,722
28,722
28,722
28,722
24,500
Bank loan
Trade Creditors
335,637
99,111
122,112
401,262
43,607
177,343
203,211
169,248
55,916
322,556
215,247
251,440
216,555
132,243
256,959
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
560,881
362,618
454,878
236,738
185,050
183,404
344,464
169,760
156,974
total current liabilities
896,518
493,230
605,486
716,722
257,379
389,469
576,397
363,508
212,890
322,556
215,247
251,440
216,555
132,243
256,959
loans
75,186
101,630
125,421
148,996
171,564
193,404
218,458
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,531
3,827
2,853
provisions
24,333
31,932
15,762
15,470
16,255
19,312
9,802
7,242
6,550
7,059
6,421
3,656
4,631
2,465
3,086
total long term liabilities
24,333
107,118
117,392
140,891
165,251
190,876
203,206
225,700
6,550
7,059
6,421
5,187
8,458
2,465
5,939
total liabilities
920,851
600,348
722,878
857,613
422,630
580,345
779,603
589,208
219,440
329,615
221,668
256,627
225,013
134,708
262,898
net assets
3,596,019
2,927,634
2,375,796
1,513,050
1,258,408
1,224,099
1,312,443
852,698
611,074
481,172
392,309
424,636
206,095
129,111
174,241
total shareholders funds
3,596,019
2,927,634
2,375,796
1,513,050
1,258,408
1,224,099
1,312,443
852,698
611,074
481,172
392,309
424,636
206,095
129,111
174,241
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
755,779
593,951
1,062,407
324,964
53,073
-80,482
579,036
308,245
159,818
110,790
-33,953
285,977
103,379
-45,896
241,400
Depreciation
56,643
59,421
33,678
29,456
26,396
28,279
25,257
21,837
12,379
12,059
10,518
4,982
5,859
4,777
4,532
Amortisation
Tax
-222,795
-129,443
-202,373
-59,731
-8,048
-107,841
-60,406
-32,475
-23,622
-69,013
-27,048
-67,759
Stock
Debtors
83,196
573,308
-504,637
278,098
-160,367
-163,652
253,389
262,565
-69,878
-56,046
130,843
10,979
30,651
363
182,976
Creditors
236,526
-23,001
-279,150
357,655
-133,736
-25,868
33,963
113,332
-266,640
107,309
-36,193
34,885
84,312
-124,716
256,959
Accruals and Deferred Income
198,263
-92,260
218,140
51,688
1,646
-161,060
174,704
12,786
156,974
Deferred Taxes & Provisions
-7,599
16,170
292
-785
-3,057
9,510
2,560
692
-509
638
2,765
-975
2,166
-621
3,086
Cash flow from operations
933,621
-148,470
1,337,631
425,149
96,641
-65,969
454,290
133,921
99,425
263,220
-187,706
244,877
138,017
-166,819
255,242
Investing Activities
capital expenditure
-4,777
-167,036
-65,517
-20,400
-271
-45,976
-41,334
-386,980
-7,890
-12,876
-37,029
-17,126
-1,632
-20,161
Change in Investments
cash flow from investments
-4,777
-167,036
-65,517
-20,400
-271
-45,976
-41,334
-386,980
-7,890
-12,876
-37,029
-17,126
-1,632
-20,161
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-75,186
-26,444
-23,791
-23,575
-22,568
-21,840
-25,054
218,458
Hire Purchase and Lease Commitments
other long term liabilities
-1,531
-2,296
3,827
-2,853
2,853
share issue
4
interest
135,401
87,330
2,712
-10,592
-10,716
-7,862
-11,450
-6,215
2,560
1,695
1,626
1,577
653
766
596
cash flow from financing
60,215
60,886
-21,079
-34,167
-33,284
-29,702
-36,504
212,243
2,560
1,695
95
-719
4,480
-2,087
3,453
cash and cash equivalents
cash
957,558
-251,615
1,200,809
420,583
63,086
-141,647
380,674
-16,316
94,094
252,039
-224,640
244,158
125,371
-170,538
238,534
overdraft
-31,501
3,005
-50,226
50,000
4,222
24,500
change in cash
989,059
-254,620
1,251,035
370,583
63,086
-141,647
376,452
-40,816
94,094
252,039
-224,640
244,158
125,371
-170,538
238,534
cleveland systems engineering 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 cleveland systems engineering limited. Get real-time insights into cleveland systems engineering limited's credit score, group structure and payment trends.
Cleveland Systems Engineering Limited Competitor Analysis
Perform a competitor analysis for cleveland systems engineering limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in DL1 area or any other competitors across 12 key performance metrics.
cleveland systems engineering limited Ownership
CLEVELAND SYSTEMS ENGINEERING LIMITED group structure
Cleveland Systems Engineering Limited has no subsidiary companies.
Ultimate parent company
CLEVELAND SYSTEMS ENGINEERING LIMITED
03340849
CLEVELAND SYSTEMS ENGINEERING LIMITED Shareholders
The largest shareholders in Cleveland Systems Engineering Limited include Timothy Anthony Ashcroft and Catherine Maria Ashcroft.
timothy anthony ashcroft
75%
catherine maria ashcroft
25%
cleveland systems engineering limited directors
Cleveland Systems Engineering Limited currently has 2 directors.
The longest serving directors include
Mr Thomas Ashcroft (Apr 1997) and
Mr Chris Hewitt (Jan 2020).
cleveland systems engineering limited company details
company number
03340849
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
March 1997
age
28
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
unit 12 code business estate, henson road, darlington, county durham, DL1 4NZ
Bank
-
Legal Advisor
-
cleveland systems engineering 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 cleveland systems engineering limited.
cleveland systems engineering limited Capital Raised & Share Issues BETA
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cleveland systems engineering limitedCompanies House Filings - See Documents
