Secure Storage & Distribution Ltd

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secure storage & distribution ltd Company Information

Live

MatureSmallRapid

Company Number

03857989

Next Accounts

Jul 2025

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Mehdi Modiri-Hamedan

Shirley Modiri Hamedan

Shareholders

shirley ann modiri hamedan

mehdi modiri-hamedan & shirley ann modiri hamedan

Group Structure

View All

Contact

Registered Address

stirchley house, reddicap trading estate, sutton coldfield, B75 7BU

Website

http://securestorage.org.uk

secure storage & distribution ltd Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of SECURE STORAGE & DISTRIBUTION LTD at £2.8m based on a Turnover of £1.1m and 2.46x industry multiple (adjusted for size and gross margin).

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Secure Storage & Distribution Ltd is a live company located in sutton coldfield, B75 7BU with a Companies House number of 03857989. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 1999, it's largest shareholder is shirley ann modiri hamedan with a 50% stake. Secure Storage & Distribution Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Secure Storage & Distribution Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £1.1m, make it larger than the average company (£847k)

Growth

3 year (CAGR) sales growth of 462%, show it is growing at a faster rate (2.9%)

EXPORT

Secure Storage & Distribution Ltd's latest turnover from October 2023 is estimated at £1.1 million and the company has net assets of £199.5 thousand. According to their latest financial statements, we estimate that Secure Storage & Distribution Ltd has 3 employees and maintains cash reserves of £47.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,128,239	1,149,962	1,058,532	6,364	14,429	62,168	49,395	70,162	116,619	95,897	208,213	239,046	14,946	38,778	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	799,107	825,496	773,512	4,523	10,182	43,420	33,718	46,976	82,417	69,625	154,339	175,940	10,911	27,148	0
Gross Profit	329,131	324,465	285,021	1,841	4,247	18,748	15,677	23,185	34,202	26,272	53,874	63,106	4,034	11,630	0
Admin Expenses	321,135	318,078	255,027	-12,537	-13,535	-9,417	-8,712	2,626	2,291	11,983	46,934	55,254	-20,034	4,710	-55,396
Operating Profit	7,996	6,387	29,994	14,378	17,782	28,165	24,389	20,559	31,911	14,289	6,940	7,852	24,068	6,920	55,396
Interest Payable	0	0	13,237	25,864	27,945	27,945	25,875	12,938	3,712	8,208	9,751	9,405	8,849	4,698	0
Interest Receivable	2,327	625	10	6	38	18	7	8	15	14	105	103	9	62	60
Pre-Tax Profit	10,323	7,012	16,767	-11,480	-10,125	238	-1,479	7,630	28,214	6,095	-2,706	-1,450	15,228	2,283	55,456
Tax	-2,581	-1,332	-3,186	0	0	-45	0	-1,526	-5,643	-1,280	0	0	-3,959	-639	-15,528
Profit After Tax	7,742	5,680	13,581	-11,480	-10,125	193	-1,479	6,104	22,571	4,815	-2,706	-1,450	11,269	1,644	39,928
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,742	5,680	13,581	-11,480	-10,125	193	-1,479	6,104	22,571	4,815	-2,706	-1,450	11,269	1,644	39,928
Employee Costs	95,478	90,488	111,715	27,394	28,110	26,837	25,647	26,000	26,250	25,034	24,000	24,409	23,716	24,156	0
Number Of Employees	3	3	4	1	1	1	1	1	1	1	1	1	1	1	0
EBITDA*	11,785	11,439	36,730	15,715	18,089	28,575	24,935	21,287	32,290	14,771	7,445	8,172	24,449	7,261	55,845

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	318,703	322,492	327,544	311,348	308,259	308,566	308,976	309,522	309,322	309,701	309,713	307,519	281,062	281,077	281,417
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	318,703	322,492	327,544	311,348	308,259	308,566	308,976	309,522	309,322	309,701	309,713	307,519	281,062	281,077	281,417
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	325,633	326,369	322,930	1,093	3,267	15,706	12,309	16,029	16,370	18,019	44,521	51,228	3,284	9,493	51,024
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	310,139	303,143	303,325	299,928	304,796	0	0	0	0	42,951	43,442	0
Cash	47,849	40,799	14,755	4,567	8,283	1,771	3,008	2,606	3,878	2,224	3,310	38,519	2,737	1,005	23,848
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	373,482	367,168	337,685	315,799	314,693	320,802	315,245	323,431	20,248	20,243	47,831	89,747	48,972	53,940	74,872
total assets	692,185	689,660	665,229	627,147	622,952	629,368	624,221	632,953	329,570	329,944	357,544	397,266	330,034	335,017	356,289
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	59,763	58,270	28,809	5,785	2,677	3,021	4,246	10,525	139,870	48,989	57,290	70,957	5,573	4,433	42,142
Group/Directors Accounts	0	0	0	613	367	618	1,223	5,201	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	14,233	21,912	17,608	10,824	7,820	0	0	0	0	30,680	31,212	0
total current liabilities	59,763	58,270	28,809	20,631	24,956	21,247	16,293	23,546	139,870	48,989	57,290	70,957	36,253	35,645	42,142
loans	0	0	0	434,000	414,000	414,000	414,000	414,000	0	114,223	138,337	161,686	127,708	144,568	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	432,903	439,613	450,323	0	0	0	0	0	0	0	0	0	0	0	160,987
provisions	0	0	0	0	0	0	0	0	397	0	0	0	0	0	0
total long term liabilities	432,903	439,613	450,323	434,000	414,000	414,000	414,000	414,000	397	114,223	138,337	161,686	127,708	144,568	160,987
total liabilities	492,666	497,883	479,132	454,631	438,956	435,247	430,293	437,546	140,267	163,212	195,627	232,643	163,961	180,213	203,129
net assets	199,519	191,777	186,097	172,516	183,996	194,121	193,928	195,407	189,303	166,732	161,917	164,623	166,073	154,804	153,160
total shareholders funds	199,519	191,777	186,097	172,516	183,996	194,121	193,928	195,407	189,303	166,732	161,917	164,623	166,073	154,804	153,160

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	7,996	6,387	29,994	14,378	17,782	28,165	24,389	20,559	31,911	14,289	6,940	7,852	24,068	6,920	55,396
Depreciation	3,789	5,052	6,736	1,337	307	410	546	728	379	482	505	320	381	341	449
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,581	-1,332	-3,186	0	0	-45	0	-1,526	-5,643	-1,280	0	0	-3,959	-639	-15,528
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-736	3,439	11,698	4,822	-12,621	6,794	-8,588	304,455	-1,649	-26,502	-6,707	4,993	-6,700	1,911	51,024
Creditors	1,493	29,461	23,024	3,108	-344	-1,225	-6,279	-129,345	90,881	-8,301	-13,667	65,384	1,140	-37,709	42,142
Accruals and Deferred Income	0	0	-14,233	-7,679	4,304	6,784	3,004	7,820	0	0	0	-30,680	-532	31,212	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-397	397	0	0	0	0	0	0
Cash flow from operations	11,433	36,129	30,637	6,322	34,670	27,295	30,248	-406,616	119,574	31,692	485	37,883	27,798	-1,786	31,435
Investing Activities
capital expenditure	0	0	-22,932	-4,426	0	0	0	-928	0	-470	-2,699	-26,777	-366	-1	-281,866
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-22,932	-4,426	0	0	0	-928	0	-470	-2,699	-26,777	-366	-1	-281,866
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-613	246	-251	-605	-3,978	5,201	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-434,000	20,000	0	0	0	414,000	-114,223	-24,114	-23,349	33,978	-16,860	144,568	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-6,710	-10,710	450,323	0	0	0	0	0	0	0	0	0	0	-160,987	160,987
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	113,232
interest	2,327	625	-13,227	-25,858	-27,907	-27,927	-25,868	-12,930	-3,697	-8,194	-9,646	-9,302	-8,840	-4,636	60
cash flow from financing	-4,383	-10,085	2,483	-5,612	-28,158	-28,532	-29,846	406,271	-117,920	-32,308	-32,995	24,676	-25,700	-21,055	274,279
cash and cash equivalents
cash	7,050	26,044	10,188	-3,716	6,512	-1,237	402	-1,272	1,654	-1,086	-35,209	35,782	1,732	-22,843	23,848
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	7,050	26,044	10,188	-3,716	6,512	-1,237	402	-1,272	1,654	-1,086	-35,209	35,782	1,732	-22,843	23,848

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SECURE STORAGE & DISTRIBUTION LTD group structure

Secure Storage & Distribution Ltd has no subsidiary companies.

Ultimate parent company

SECURE STORAGE & DISTRIBUTION LTD

03857989

SECURE STORAGE & DISTRIBUTION LTD Shareholders

shirley ann modiri hamedan	50%
mehdi modiri-hamedan & shirley ann modiri hamedan	50%

Secure Storage & Distribution Ltd currently has 2 directors. The longest serving directors include Mr Mehdi Modiri-Hamedan (Oct 1999) and Mrs Shirley Modiri Hamedan (Jan 2016).

officer	country	age	start	end	role
Mr Mehdi Modiri-Hamedan		76 years	Oct 1999	-	Director
Mrs Shirley Modiri Hamedan		73 years	Jan 2016	-	Director

P&L

October 2023

turnover

1.1m

-2%

operating profit

gross margin

29.2%

+3.39%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

199.5k

+0.04%

total assets

692.2k

cash

47.8k

+0.17%

net assets

Total assets minus all liabilities

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company number

03857989

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

October 1999

ultimate parent company

None

previous names

specialist internet services limited (September 2001)

address

stirchley house, reddicap trading estate, sutton coldfield, B75 7BU

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.

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secure storage & distribution ltd Company Information

secure storage & distribution ltd Estimated Valuation

secure storage & distribution ltd Estimated Valuation

secure storage & distribution ltd Estimated Valuation

Secure Storage & Distribution Ltd Overview

Secure Storage & Distribution Ltd Health Check

SECURE STORAGE & DISTRIBUTION LTD financials

secure storage & distribution ltd Credit Report and Business Information

Secure Storage & Distribution Ltd Competitor Analysis

secure storage & distribution ltd Ownership

secure storage & distribution ltd directors

secure storage & distribution ltd company details

secure storage & distribution ltd Charges & Mortgages

secure storage & distribution ltd Capital Raised & Share Issues BETA

secure storage & distribution ltd Companies House Filings - See Documents