keysource limited
keysource limited Company Information
Company Number
03663128
Next Accounts
Mar 2025
Shareholders
keysource group limited
Group Structure
View All
Industry
Construction of commercial buildings
+2Registered Address
3 city place beehive ring road, london gatwick airport, gatwick, RH6 0PA
Website
www.keysource.co.ukkeysource limited Estimated Valuation
Pomanda estimates the enterprise value of KEYSOURCE LIMITED at £13.3m based on a Turnover of £16.9m and 0.78x industry multiple (adjusted for size and gross margin).
keysource limited Estimated Valuation
Pomanda estimates the enterprise value of KEYSOURCE LIMITED at £7.2m based on an EBITDA of £1.3m and a 5.67x industry multiple (adjusted for size and gross margin).
keysource limited Estimated Valuation
Pomanda estimates the enterprise value of KEYSOURCE LIMITED at £7.9m based on Net Assets of £3.3m and 2.35x industry multiple (adjusted for liquidity).
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Keysource Limited Overview
Keysource Limited is a live company located in gatwick, RH6 0PA with a Companies House number of 03663128. It operates in the steam and air conditioning supply sector, SIC Code 35300. Founded in November 1998, it's largest shareholder is keysource group limited with a 100% stake. Keysource Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.9m with healthy growth in recent years.
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Keysource Limited Health Check
Pomanda's financial health check has awarded Keysource Limited a 4.5 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
5 Strong
4 Regular
3 Weak
Size
annual sales of £16.9m, make it larger than the average company (£4.6m)
£16.9m - Keysource Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.8%)
8% - Keysource Limited
7.8% - Industry AVG
Production
with a gross margin of 22.7%, this company has a comparable cost of product (21.9%)
22.7% - Keysource Limited
21.9% - Industry AVG
Profitability
an operating margin of 5.8% make it as profitable than the average company (6.3%)
5.8% - Keysource Limited
6.3% - Industry AVG
Employees
with 49 employees, this is above the industry average (16)
49 - Keysource Limited
16 - Industry AVG
Pay Structure
on an average salary of £63.2k, the company has an equivalent pay structure (£52.7k)
£63.2k - Keysource Limited
£52.7k - Industry AVG
Efficiency
resulting in sales per employee of £344.7k, this is more efficient (£231.6k)
£344.7k - Keysource Limited
£231.6k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (56 days)
115 days - Keysource Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 192 days, this is slower than average (40 days)
192 days - Keysource Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (13 days)
0 days - Keysource Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (23 weeks)
7 weeks - Keysource Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.8%, this is a higher level of debt than the average (61.5%)
71.8% - Keysource Limited
61.5% - Industry AVG
KEYSOURCE LIMITED financials
Keysource Limited's latest turnover from June 2023 is £16.9 million and the company has net assets of £3.3 million. According to their latest financial statements, Keysource Limited has 49 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,891,000 | 14,811,000 | 16,102,000 | 13,550,000 | 13,649,000 | 21,610,000 | 13,003,000 | 18,674,494 | 23,932,535 | 30,003,867 | 31,597,701 | 12,887,720 | 12,763,973 | 13,985,568 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 13,055,000 | 10,911,000 | 11,967,000 | 10,564,000 | 10,051,000 | 16,484,000 | 8,664,000 | 13,966,418 | 19,370,942 | 24,501,378 | 27,327,171 | 9,753,941 | 9,168,635 | 10,237,012 |
| Gross Profit | 3,836,000 | 3,900,000 | 4,135,000 | 2,986,000 | 3,598,000 | 5,126,000 | 4,339,000 | 4,708,076 | 4,561,593 | 5,502,489 | 4,270,530 | 3,133,779 | 3,595,338 | 3,748,556 |
| Admin Expenses | 2,859,000 | 2,397,000 | 2,611,000 | 7,445,000 | 2,011,000 | 2,844,000 | 4,176,000 | 4,087,688 | 4,315,853 | 4,267,670 | 3,724,994 | 2,939,980 | 2,630,843 | 3,180,956 |
| Operating Profit | 977,000 | 1,503,000 | 1,524,000 | -4,459,000 | 1,587,000 | 2,282,000 | 163,000 | 620,388 | 245,740 | 1,234,819 | 545,536 | 193,799 | 964,495 | 567,600 |
| Interest Payable | 73,000 | 79,000 | 91,000 | 104,000 | 12,000 | 21,000 | 21,000 | 15,828 | 25,370 | 32,894 | 20,531 | 13,613 | 12,198 | 11,102 |
| Interest Receivable | 3,000 | 9,073 | 11,489 | 22,693 | 2,016 | 600 | ||||||||
| Pre-Tax Profit | 904,000 | 1,424,000 | 1,433,000 | -4,563,000 | -514,000 | 2,261,000 | 145,000 | 613,633 | 231,859 | 1,224,618 | 527,021 | 180,186 | 952,897 | 556,498 |
| Tax | -97,000 | -123,000 | -327,000 | 69,000 | 71,000 | 71,000 | 87,000 | -67,942 | -16,794 | -56,145 | -137,707 | -53,514 | -283,810 | -164,506 |
| Profit After Tax | 807,000 | 1,301,000 | 1,106,000 | -4,494,000 | -443,000 | 2,332,000 | 232,000 | 545,691 | 215,065 | 1,168,473 | 389,314 | 126,672 | 669,087 | 391,992 |
| Dividends Paid | 63,000 | 93,301 | 35,000 | 375,000 | 270,818 | 500,000 | 262,000 | |||||||
| Retained Profit | 807,000 | 1,301,000 | 1,106,000 | -4,494,000 | -443,000 | 2,332,000 | 169,000 | 452,390 | 180,065 | 1,168,473 | 14,314 | -144,146 | 169,087 | 129,992 |
| Employee Costs | 3,097,000 | 2,563,000 | 3,229,000 | 3,017,000 | 2,910,000 | 5,404,000 | 3,896,000 | 4,274,620 | 4,584,586 | 4,647,864 | 3,661,478 | 2,702,494 | 2,402,376 | 2,506,125 |
| Number Of Employees | 49 | 43 | 53 | 53 | 50 | 57 | 71 | 83 | 86 | 89 | 69 | 56 | 51 | 56 |
| EBITDA* | 1,261,000 | 1,790,000 | 1,790,000 | -4,201,000 | 1,642,000 | 2,473,000 | 393,000 | 895,822 | 503,048 | 1,510,548 | 800,028 | 418,081 | 1,136,311 | 736,122 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 150,000 | 153,000 | 1,056,000 | 1,317,000 | 220,000 | 221,000 | 86,000 | 270,468 | 479,197 | 585,281 | 721,872 | 543,673 | 374,625 | 295,380 |
| Intangible Assets | 852,000 | 853,000 | 9,000 | 227,000 | 339,109 | 346,045 | 8,365 | 43,858 | 87,716 | 131,574 | ||||
| Investments & Other | 121,289 | 121,289 | 5,000 | 5,000 | ||||||||||
| Debtors (Due After 1 year) | 47,721 | |||||||||||||
| Total Fixed Assets | 1,002,000 | 1,006,000 | 1,056,000 | 1,317,000 | 220,000 | 230,000 | 313,000 | 730,866 | 946,531 | 641,367 | 721,872 | 587,531 | 467,341 | 431,954 |
| Stock & work in progress | 30,000 | 26,000 | 24,000 | 31,000 | 26,000 | 28,000 | 41,000 | 736,979 | 844,162 | 692,179 | 420,606 | 514,584 | 494,961 | 470,565 |
| Trade Debtors | 5,360,000 | 3,837,000 | 2,641,000 | 2,623,000 | 2,117,000 | 1,498,000 | 2,725,000 | 3,274,897 | 3,144,656 | 6,186,238 | 5,405,949 | 2,567,426 | 4,291,223 | 2,953,653 |
| Group Debtors | 4,082,000 | 2,791,000 | 1,468,000 | 5,000 | 6,336,000 | 4,866,000 | 2,448,000 | |||||||
| Misc Debtors | 251,000 | 268,000 | 185,000 | 274,000 | 405,000 | 236,000 | 1,290,000 | 1,337,877 | 1,884,495 | 961,015 | 4,814,752 | 702,467 | 310,537 | 403,224 |
| Cash | 1,091,000 | 1,953,000 | 1,571,000 | 1,544,000 | 52,000 | 530,000 | 577,000 | 1,962,568 | 1,649,729 | 3,359,330 | 3,660,881 | 2,214,654 | 508,215 | 1,016,053 |
| misc current assets | ||||||||||||||
| total current assets | 10,814,000 | 8,875,000 | 5,914,000 | 4,662,000 | 8,936,000 | 7,158,000 | 7,081,000 | 7,312,321 | 7,523,042 | 11,198,762 | 14,302,188 | 5,999,131 | 5,604,936 | 4,843,495 |
| total assets | 11,816,000 | 9,881,000 | 6,970,000 | 5,979,000 | 9,156,000 | 7,388,000 | 7,394,000 | 8,043,187 | 8,469,573 | 11,840,129 | 15,024,060 | 6,586,662 | 6,072,277 | 5,275,449 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 6,869,000 | 5,346,000 | 1,059,000 | 892,000 | 2,898,000 | 754,000 | 1,131,000 | 773,217 | 1,919,356 | 1,680,259 | 1,853,477 | 526,144 | 741,157 | 163,835 |
| Group/Directors Accounts | 16,000 | 13,000 | 5,074 | 5,074 | ||||||||||
| other short term finances | 70,000 | 100,000 | ||||||||||||
| hp & lease commitments | 262,000 | 219,000 | 40,000 | 53,000 | 56,617 | 82,547 | 73,596 | 87,873 | 75,152 | 36,489 | 47,088 | |||
| other current liabilities | 559,000 | 939,000 | 3,546,000 | 3,591,000 | 1,480,000 | 1,362,000 | 3,048,000 | 4,384,255 | 4,055,372 | 8,014,913 | 12,135,645 | 4,991,280 | 3,892,241 | 3,796,042 |
| total current liabilities | 7,690,000 | 6,504,000 | 4,605,000 | 4,483,000 | 4,394,000 | 2,169,000 | 4,232,000 | 5,214,089 | 6,057,275 | 9,768,768 | 14,076,995 | 5,592,576 | 4,744,961 | 4,112,039 |
| loans | 2,274,000 | 2,748,000 | ||||||||||||
| hp & lease commitments | 790,000 | 848,000 | 1,137,000 | 1,374,000 | 14,000 | 79,000 | 132,519 | 192,839 | 38,892 | 100,984 | 156,525 | 70,627 | 21,501 | |
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 70,000 | |||||||||||||
| provisions | 210,000 | 18,240 | 7,630 | 14,023 | 15,693 | |||||||||
| total long term liabilities | 790,000 | 848,000 | 1,137,000 | 1,374,000 | 14,000 | 289,000 | 150,759 | 192,839 | 38,892 | 108,614 | 170,548 | 86,320 | 91,501 | |
| total liabilities | 8,480,000 | 7,352,000 | 5,742,000 | 5,857,000 | 4,394,000 | 2,183,000 | 4,521,000 | 5,364,848 | 6,250,114 | 9,807,660 | 14,185,609 | 5,763,124 | 4,831,281 | 4,203,540 |
| net assets | 3,336,000 | 2,529,000 | 1,228,000 | 122,000 | 4,762,000 | 5,205,000 | 2,873,000 | 2,678,339 | 2,219,459 | 2,032,469 | 838,451 | 823,538 | 1,240,996 | 1,071,909 |
| total shareholders funds | 3,336,000 | 2,529,000 | 1,228,000 | 122,000 | 4,762,000 | 5,205,000 | 2,873,000 | 2,678,339 | 2,219,459 | 2,032,469 | 838,451 | 823,538 | 1,240,996 | 1,071,909 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 977,000 | 1,503,000 | 1,524,000 | -4,459,000 | 1,587,000 | 2,282,000 | 163,000 | 620,388 | 245,740 | 1,234,819 | 545,536 | 193,799 | 964,495 | 567,600 |
| Depreciation | 49,000 | 287,000 | 266,000 | 258,000 | 44,000 | 84,000 | 144,000 | 217,861 | 245,420 | 275,115 | 210,634 | 180,424 | 127,958 | 124,664 |
| Amortisation | 235,000 | 11,000 | 107,000 | 86,000 | 57,573 | 11,888 | 614 | 43,858 | 43,858 | 43,858 | 43,858 | |||
| Tax | -97,000 | -123,000 | -327,000 | 69,000 | 71,000 | 71,000 | 87,000 | -67,942 | -16,794 | -56,145 | -137,707 | -53,514 | -283,810 | -164,506 |
| Stock | 4,000 | 2,000 | -7,000 | 5,000 | -2,000 | 28,000 | -695,979 | -107,183 | 151,983 | 271,573 | -93,978 | 19,623 | 24,396 | 470,565 |
| Debtors | 2,797,000 | 2,602,000 | 1,392,000 | -5,956,000 | 2,258,000 | 6,600,000 | 1,850,226 | -416,377 | -2,165,823 | -3,025,727 | 6,950,808 | -1,331,867 | 1,244,883 | 3,356,877 |
| Creditors | 1,523,000 | 4,287,000 | 167,000 | -2,006,000 | 2,144,000 | 754,000 | 357,783 | -1,146,139 | 239,097 | -173,218 | 1,327,333 | -215,013 | 577,322 | 163,835 |
| Accruals and Deferred Income | -380,000 | -2,607,000 | -45,000 | 2,111,000 | 118,000 | 1,362,000 | -1,336,255 | 328,883 | -3,959,541 | -4,120,732 | 7,144,365 | 1,099,039 | 96,199 | 3,796,042 |
| Deferred Taxes & Provisions | 191,760 | 18,240 | -7,630 | -6,393 | -1,670 | 15,693 | ||||||||
| Cash flow from operations | -494,000 | 743,000 | 200,000 | 1,924,000 | 1,719,000 | -1,968,000 | -1,460,959 | 552,424 | -1,220,350 | -93,023 | 2,270,796 | 2,559,167 | 272,436 | 704,051 |
| Investing Activities | ||||||||||||||
| capital expenditure | -50,000 | -41,631 | -219,044 | -124,230 | -284,787 | -138,801 | -84,799 | -50,335 | ||||||
| Change in Investments | -121,289 | 121,289 | -5,000 | 5,000 | ||||||||||
| cash flow from investments | -50,000 | -41,631 | -340,333 | -124,230 | -284,787 | -133,801 | -84,799 | -55,335 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -16,000 | 3,000 | 13,000 | -5,074 | 5,074 | |||||||||
| Other Short Term Loans | -70,000 | -30,000 | 100,000 | |||||||||||
| Long term loans | -2,274,000 | -474,000 | 2,748,000 | |||||||||||
| Hire Purchase and Lease Commitments | -15,000 | -70,000 | -237,000 | 1,374,000 | -54,000 | 54,000 | -57,136 | -86,250 | 162,898 | -76,369 | -42,820 | 124,561 | 38,527 | 68,589 |
| other long term liabilities | -70,000 | 70,000 | ||||||||||||
| share issue | ||||||||||||||
| interest | -73,000 | -79,000 | -91,000 | -104,000 | -12,000 | -21,000 | -18,000 | -6,755 | -13,881 | -10,201 | -18,515 | -13,613 | -11,598 | -11,102 |
| cash flow from financing | -88,000 | -2,423,000 | -802,000 | 3,856,000 | -63,000 | 2,919,000 | -49,475 | -86,515 | 155,942 | -61,025 | -60,736 | -237,438 | -73,071 | 1,174,478 |
| cash and cash equivalents | ||||||||||||||
| cash | -862,000 | 382,000 | 27,000 | 1,492,000 | -478,000 | 530,000 | -1,385,568 | 312,839 | -1,709,601 | -301,551 | 1,446,227 | 1,706,439 | -507,838 | 1,016,053 |
| overdraft | ||||||||||||||
| change in cash | -862,000 | 382,000 | 27,000 | 1,492,000 | -478,000 | 530,000 | -1,385,568 | 312,839 | -1,709,601 | -301,551 | 1,446,227 | 1,706,439 | -507,838 | 1,016,053 |
keysource limited Credit Report and Business Information
Keysource Limited Competitor Analysis
Perform a competitor analysis for keysource limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in RH6 area or any other competitors across 12 key performance metrics.
keysource limited Ownership
KEYSOURCE LIMITED group structure
Keysource Limited has 1 subsidiary company.
Ultimate parent company
2 parents
KEYSOURCE LIMITED
03663128
1 subsidiary
keysource limited directors
Keysource Limited currently has 4 directors. The longest serving directors include Mr Stephen Whatling (Jun 2016) and Mr Craig Eastwood (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Whatling | 57 years | Jun 2016 | - | Director | |
| Mr Craig Eastwood | United Kingdom | 61 years | Nov 2019 | - | Director |
| Mr Jonathan Healy | United Kingdom | 40 years | Jun 2020 | - | Director |
| Mr Simon Thomson | United Kingdom | 53 years | Jul 2023 | - | Director |
P&L
June 2023turnover
16.9m
+14%
operating profit
977k
-35%
gross margin
22.8%
-13.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.3m
+0.32%
total assets
11.8m
+0.2%
cash
1.1m
-0.44%
net assets
Total assets minus all liabilities
keysource limited company details
company number
03663128
Type
Private limited with Share Capital
industry
35300 - Steam and air conditioning supply
41201 - Construction of commercial buildings
43210 - Electrical installation
incorporation date
November 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
key source aps ltd. (July 2002)
accountant
-
auditor
RSM UK AUDIT LLP
address
3 city place beehive ring road, london gatwick airport, gatwick, RH6 0PA
Bank
-
Legal Advisor
-
keysource 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 found 13 charges/mortgages relating to keysource limited. Currently there are 3 open charges and 10 have been satisfied in the past.
keysource 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.
Click to start generating capital raising & share issue transactions for KEYSOURCE LIMITED. This can take several minutes, an email will notify you when this has completed.
keysource limited Companies House Filings - See Documents
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