sml europe limited
sml europe limited Company Information
Company Number
03650355
Next Accounts
354 days late
Shareholders
sml group
Group Structure
View All
Industry
Manufacture of other wearing apparel and accessories
Registered Address
6 cronin road, weldon south industrial estate, corby, northamptonshire, NN18 8AQ
Website
www.sml.comsml europe limited Estimated Valuation
Pomanda estimates the enterprise value of SML EUROPE LIMITED at £4m based on a Turnover of £6.2m and 0.65x industry multiple (adjusted for size and gross margin).
sml europe limited Estimated Valuation
Pomanda estimates the enterprise value of SML EUROPE LIMITED at £0 based on an EBITDA of £-3.9m and a 5.18x industry multiple (adjusted for size and gross margin).
sml europe limited Estimated Valuation
Pomanda estimates the enterprise value of SML EUROPE LIMITED at £0 based on Net Assets of £-8.7m and 3.28x industry multiple (adjusted for liquidity).
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Sml Europe Limited Overview
Sml Europe Limited is a live company located in corby, NN18 8AQ with a Companies House number of 03650355. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in October 1998, it's largest shareholder is sml group with a 100% stake. Sml Europe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with declining growth in recent years.
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Sml Europe Limited Health Check
Pomanda's financial health check has awarded Sml Europe Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £6.2m, make it in line with the average company (£7.6m)
£6.2m - Sml Europe Limited
£7.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (1%)
-39% - Sml Europe Limited
1% - Industry AVG
Production
with a gross margin of 40.4%, this company has a comparable cost of product (36%)
40.4% - Sml Europe Limited
36% - Industry AVG
Profitability
an operating margin of -69.4% make it less profitable than the average company (5.4%)
-69.4% - Sml Europe Limited
5.4% - Industry AVG
Employees
with 70 employees, this is above the industry average (40)
70 - Sml Europe Limited
40 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£31.9k)
£34k - Sml Europe Limited
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £88.6k, this is less efficient (£164.1k)
£88.6k - Sml Europe Limited
£164.1k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (46 days)
74 days - Sml Europe Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 186 days, this is slower than average (41 days)
186 days - Sml Europe Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is less than average (107 days)
23 days - Sml Europe Limited
107 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Sml Europe Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 122.4%, this is a higher level of debt than the average (71.5%)
122.4% - Sml Europe Limited
71.5% - Industry AVG
SML EUROPE LIMITED financials
Sml Europe Limited's latest turnover from June 2022 is £6.2 million and the company has net assets of -£8.7 million. According to their latest financial statements, Sml Europe Limited has 70 employees and maintains cash reserves of £822 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,200,000 | 29,499,000 | 27,618,000 | 26,901,000 | 32,272,000 | 33,169,000 | 30,987,000 | 33,375,000 | 27,336,000 | 24,097,000 | 25,281,000 | 27,844,000 | 24,709,000 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 3,695,000 | 17,748,000 | 16,116,000 | 16,392,000 | 20,188,000 | 19,671,000 | 18,515,000 | 17,564,000 | 13,349,000 | 11,183,000 | 11,963,000 | 14,680,000 | 14,439,000 |
| Gross Profit | 2,505,000 | 11,751,000 | 11,502,000 | 10,509,000 | 12,084,000 | 13,498,000 | 12,472,000 | 15,811,000 | 13,987,000 | 12,914,000 | 13,318,000 | 13,164,000 | 10,270,000 |
| Admin Expenses | 6,811,000 | 10,697,000 | 11,505,000 | 10,019,000 | 10,107,000 | 11,296,000 | 10,671,000 | 10,669,000 | 10,551,000 | 9,552,000 | 10,177,000 | 10,669,000 | 11,625,000 |
| Operating Profit | -4,306,000 | 1,054,000 | -3,000 | 490,000 | 1,977,000 | 2,202,000 | 1,801,000 | 5,142,000 | 3,436,000 | 3,362,000 | 3,141,000 | 2,495,000 | -1,355,000 |
| Interest Payable | 1,000 | 5,000 | 112,000 | 2,000 | 11,000 | 2,000 | 1,000 | 11,000 | 109,000 | ||||
| Interest Receivable | 2,000 | 1,000 | 1,310,000 | 2,000 | 1,000 | 2,000 | 11,000 | 3,000 | 6,000 | ||||
| Pre-Tax Profit | -2,743,000 | 2,507,000 | 1,694,000 | -653,000 | 2,053,000 | -4,450,000 | 3,111,000 | 7,554,000 | 2,687,000 | 3,309,000 | 3,614,000 | 2,738,000 | -169,000 |
| Tax | 23,000 | -141,000 | -272,000 | -263,000 | -480,000 | -234,000 | -631,000 | -1,998,000 | -1,246,000 | -437,000 | -137,000 | -514,000 | -211,000 |
| Profit After Tax | -2,720,000 | 2,366,000 | 1,422,000 | -916,000 | 1,573,000 | -4,684,000 | 2,480,000 | 5,556,000 | 1,441,000 | 2,872,000 | 3,477,000 | 2,224,000 | -380,000 |
| Dividends Paid | |||||||||||||
| Retained Profit | -2,720,000 | 2,366,000 | 1,422,000 | -916,000 | 1,573,000 | -4,684,000 | 2,480,000 | 5,556,000 | 1,441,000 | 3,712,000 | 3,522,000 | 2,224,000 | -380,000 |
| Employee Costs | 2,379,000 | 7,545,000 | 10,157,000 | 9,673,000 | 10,437,000 | 10,631,000 | 9,258,000 | 9,331,000 | 8,590,000 | 7,392,000 | 7,496,000 | 8,173,000 | 9,180,000 |
| Number Of Employees | 70 | 213 | 232 | 240 | 256 | 280 | 257 | 236 | 199 | 159 | 165 | 297 | 308 |
| EBITDA* | -3,896,000 | 1,741,000 | 1,306,000 | 1,130,000 | 2,962,000 | 3,416,000 | 3,105,000 | 5,878,000 | 3,998,000 | 4,056,000 | 3,835,000 | 3,213,000 | -637,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,869,000 | 1,990,000 | 9,165,000 | 5,819,000 | 5,602,000 | 8,029,000 | 7,522,000 | 7,221,000 | 3,316,000 | 1,991,000 | 3,262,000 | 3,353,000 | 3,438,000 |
| Intangible Assets | 644,000 | 841,000 | 933,000 | 984,000 | 983,000 | 1,379,000 | 1,460,000 | 1,512,000 | 916,000 | 1,285,000 | 1,286,000 | ||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 1,869,000 | 1,990,000 | 9,809,000 | 6,660,000 | 6,535,000 | 9,013,000 | 8,505,000 | 8,600,000 | 4,776,000 | 3,503,000 | 4,178,000 | 4,638,000 | 4,724,000 |
| Stock & work in progress | 240,000 | 149,000 | 1,740,000 | 1,695,000 | 1,954,000 | 3,659,000 | 2,667,000 | 2,503,000 | 1,507,000 | 1,083,000 | 1,538,000 | 1,484,000 | 1,495,000 |
| Trade Debtors | 1,258,000 | 1,046,000 | 3,032,000 | 2,983,000 | 3,254,000 | 3,555,000 | 3,665,000 | 4,158,000 | 3,049,000 | 2,225,000 | 3,173,000 | 3,301,000 | 3,299,000 |
| Group Debtors | 34,618,000 | 39,577,000 | 22,809,000 | 24,696,000 | 17,873,000 | 25,970,000 | 21,533,000 | 23,877,000 | 21,153,000 | 19,288,000 | |||
| Misc Debtors | 169,000 | 118,000 | 1,553,000 | 1,974,000 | 2,124,000 | 2,027,000 | 1,847,000 | 1,326,000 | 1,032,000 | 973,000 | 14,854,000 | 12,257,000 | 6,733,000 |
| Cash | 822,000 | 914,000 | 4,611,000 | 3,979,000 | 9,646,000 | 5,880,000 | 3,401,000 | 2,807,000 | 2,364,000 | 1,903,000 | 3,220,000 | 2,871,000 | 2,871,000 |
| misc current assets | |||||||||||||
| total current assets | 37,107,000 | 41,804,000 | 33,745,000 | 35,327,000 | 34,851,000 | 41,091,000 | 33,113,000 | 34,671,000 | 29,105,000 | 25,472,000 | 22,785,000 | 19,913,000 | 14,398,000 |
| total assets | 38,976,000 | 43,794,000 | 43,554,000 | 41,987,000 | 41,386,000 | 50,104,000 | 41,618,000 | 43,271,000 | 33,881,000 | 28,975,000 | 26,963,000 | 24,551,000 | 19,122,000 |
| Bank overdraft | 118,000 | ||||||||||||
| Bank loan | 18,000 | ||||||||||||
| Trade Creditors | 1,888,000 | 1,325,000 | 2,949,000 | 2,303,000 | 1,692,000 | 2,360,000 | 1,633,000 | 2,067,000 | 1,947,000 | 1,314,000 | 1,482,000 | 1,644,000 | 1,110,000 |
| Group/Directors Accounts | 45,387,000 | 46,090,000 | |||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | 530,000 | 6,000 | 8,000 | ||||||||||
| other current liabilities | 416,000 | 686,000 | 44,519,000 | 46,337,000 | 45,590,000 | 55,746,000 | 45,575,000 | 48,497,000 | 44,263,000 | 41,519,000 | 43,219,000 | 44,089,000 | 15,103,000 |
| total current liabilities | 47,691,000 | 48,101,000 | 47,998,000 | 48,640,000 | 47,282,000 | 58,106,000 | 47,208,000 | 50,564,000 | 46,210,000 | 42,833,000 | 44,701,000 | 45,857,000 | 16,239,000 |
| loans | 3,856,000 | 24,000 | |||||||||||
| hp & lease commitments | 1,928,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 14,000 | 183,000 | 174,000 | 178,000 | 180,000 | 179,000 | 51,000 | 43,000 | 26,522,000 | ||||
| provisions | 17,000 | 312,000 | 454,000 | 706,000 | 856,000 | 1,194,000 | 1,114,000 | 746,000 | 486,000 | 264,000 | 124,000 | 92,000 | |
| total long term liabilities | 17,000 | 2,084,000 | 227,000 | 367,000 | 611,000 | 771,000 | 735,000 | 553,000 | 422,000 | 183,000 | 105,000 | 26,580,000 | |
| total liabilities | 47,691,000 | 48,118,000 | 50,082,000 | 48,867,000 | 47,649,000 | 58,717,000 | 47,979,000 | 51,299,000 | 46,763,000 | 43,255,000 | 44,884,000 | 45,962,000 | 42,819,000 |
| net assets | -8,715,000 | -4,324,000 | -6,528,000 | -6,880,000 | -6,263,000 | -8,613,000 | -6,361,000 | -8,028,000 | -12,882,000 | -14,280,000 | -17,921,000 | -21,411,000 | -23,697,000 |
| total shareholders funds | -8,715,000 | -4,324,000 | -6,528,000 | -6,880,000 | -6,263,000 | -8,613,000 | -6,361,000 | -8,028,000 | -12,882,000 | -14,280,000 | -17,921,000 | -21,411,000 | -23,697,000 |
| Jun 2022 | Jun 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -4,306,000 | 1,054,000 | -3,000 | 490,000 | 1,977,000 | 2,202,000 | 1,801,000 | 5,142,000 | 3,436,000 | 3,362,000 | 3,141,000 | 2,495,000 | -1,355,000 |
| Depreciation | 410,000 | 687,000 | 1,305,000 | 629,000 | 917,000 | 1,153,000 | 935,000 | 676,000 | 509,000 | 694,000 | 694,000 | 709,000 | 709,000 |
| Amortisation | 4,000 | 11,000 | 68,000 | 61,000 | 369,000 | 60,000 | 53,000 | 9,000 | 9,000 | ||||
| Tax | 23,000 | -141,000 | -272,000 | -263,000 | -480,000 | -234,000 | -631,000 | -1,998,000 | -1,246,000 | -437,000 | -137,000 | -514,000 | -211,000 |
| Stock | 91,000 | 149,000 | 45,000 | -259,000 | -1,705,000 | 992,000 | 164,000 | 996,000 | 424,000 | -455,000 | 54,000 | -11,000 | 1,495,000 |
| Debtors | -4,696,000 | 40,741,000 | -2,259,000 | 6,402,000 | -8,301,000 | 4,507,000 | -2,316,000 | 4,127,000 | 2,748,000 | 4,459,000 | 2,469,000 | 5,526,000 | 10,032,000 |
| Creditors | 563,000 | 1,325,000 | 646,000 | 611,000 | -668,000 | 727,000 | -434,000 | 120,000 | 633,000 | -168,000 | -162,000 | 534,000 | 1,110,000 |
| Accruals and Deferred Income | -270,000 | 686,000 | -1,818,000 | 747,000 | -10,156,000 | 10,171,000 | -2,922,000 | 4,234,000 | 2,744,000 | -1,700,000 | -870,000 | 28,986,000 | 15,103,000 |
| Deferred Taxes & Provisions | -17,000 | 17,000 | -142,000 | -252,000 | -150,000 | -338,000 | 80,000 | 368,000 | 260,000 | 222,000 | 140,000 | 32,000 | 92,000 |
| Cash flow from operations | 1,008,000 | -37,262,000 | 1,934,000 | -4,170,000 | 1,514,000 | 8,243,000 | 1,350,000 | 3,479,000 | 3,217,000 | -2,031,000 | 283,000 | 26,736,000 | 3,930,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -18,000 | 18,000 | |||||||||||
| Group/Directors Accounts | -703,000 | 46,090,000 | |||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | 3,856,000 | -24,000 | 24,000 | ||||||||||
| Hire Purchase and Lease Commitments | 2,458,000 | -6,000 | -2,000 | 8,000 | |||||||||
| other long term liabilities | -14,000 | -169,000 | 9,000 | -4,000 | -2,000 | 1,000 | 128,000 | 8,000 | -26,479,000 | 26,522,000 | |||
| share issue | |||||||||||||
| interest | -1,000 | -5,000 | -112,000 | -2,000 | 1,000 | 1,310,000 | -9,000 | -1,000 | 2,000 | 10,000 | -8,000 | -103,000 | |
| cash flow from financing | -2,375,000 | 39,395,000 | 5,132,000 | 283,000 | 2,442,000 | 493,000 | -713,000 | -43,000 | 59,000 | -20,000 | -26,469,000 | 3,152,000 | |
| cash and cash equivalents | |||||||||||||
| cash | -92,000 | 914,000 | 632,000 | -5,667,000 | 3,766,000 | 2,479,000 | 594,000 | 443,000 | 461,000 | -1,317,000 | 349,000 | 2,871,000 | |
| overdraft | -118,000 | 118,000 | |||||||||||
| change in cash | -92,000 | 914,000 | 632,000 | -5,667,000 | 3,766,000 | 2,479,000 | 594,000 | 443,000 | 461,000 | -1,317,000 | 467,000 | -118,000 | 2,871,000 |
sml europe limited Credit Report and Business Information
Sml Europe Limited Competitor Analysis
Perform a competitor analysis for sml europe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NN18 area or any other competitors across 12 key performance metrics.
sml europe limited Ownership
SML EUROPE LIMITED group structure
Sml Europe Limited has 1 subsidiary company.
Ultimate parent company
SML GROUP HOLDINGS LTD
#0071105
SML GROUP LTD
#0054162
2 parents
SML EUROPE LIMITED
03650355
1 subsidiary
sml europe limited directors
Sml Europe Limited currently has 3 directors. The longest serving directors include Mr Shane Clarke (Oct 2018) and Mr Oi Chan (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shane Clarke | England | 60 years | Oct 2018 | - | Director |
| Mr Oi Chan | England | 46 years | Sep 2021 | - | Director |
| Mr Ka Lau | England | 58 years | Sep 2021 | - | Director |
P&L
June 2022turnover
6.2m
-79%
operating profit
-4.3m
-509%
gross margin
40.5%
+1.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2022net assets
-8.7m
+1.02%
total assets
39m
-0.11%
cash
822k
-0.1%
net assets
Total assets minus all liabilities
sml europe limited company details
company number
03650355
Type
Private limited with Share Capital
industry
14190 - Manufacture of other wearing apparel and accessories
incorporation date
October 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2022
previous names
sml labels & packaging limited (December 2004)
sml manufacturing limited (November 1999)
accountant
-
auditor
MHA
address
6 cronin road, weldon south industrial estate, corby, northamptonshire, NN18 8AQ
Bank
HSBC BANK PLC
Legal Advisor
HBJ GATELEY WAREING LLP
sml europe 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 sml europe limited.
sml europe limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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sml europe limited Companies House Filings - See Documents
| date | description | view/download |
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