Silk And Mackman Services Limited

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silk and mackman services limited Company Information

Live

MatureSmallHigh

Company Number

04230317

Website

www.silkandmackman.co.uk

Registered Address

new marlborough house, 90c wrotham road, gravesend, DA11 0QQ

Industry

Security systems service activities

Telephone

01634721351

Next Accounts Due

May 2025

Group Structure

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Directors

Jason Queen17 Years

Shareholders

commercial solutions ltd 55%

william james queen 23%

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silk and mackman services limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of SILK AND MACKMAN SERVICES LIMITED at £2.2m based on Net Assets of £937.9k and 2.35x industry multiple (adjusted for liquidity).

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Silk And Mackman Services Limited is a live company located in gravesend, DA11 0QQ with a Companies House number of 04230317. It operates in the security systems service activities sector, SIC Code 80200. Founded in June 2001, it's largest shareholder is commercial solutions ltd with a 55% stake. Silk And Mackman Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with high growth in recent years.

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Pomanda's financial health check has awarded Silk And Mackman Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £3.2m, make it larger than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.7%)

EXPORT

Silk And Mackman Services Limited's latest turnover from August 2023 is estimated at £3.2 million and the company has net assets of £937.9 thousand. According to their latest financial statements, Silk And Mackman Services Limited has 15 employees and maintains cash reserves of £707.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,171,298	1,817,223	2,219,543	1,856,347	2,041,033	1,910,499	1,669,051	3,350,101	5,841,974	7,038,299	4,610,317	5,329,821	4,358,513	6,144,275
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,998,475	1,167,628	1,431,504	1,210,117	1,300,773	1,218,415	1,002,981	1,981,256	3,374,767	4,083,177	2,637,117	3,077,677	2,499,830	2,976,189
Gross Profit	1,172,823	649,595	788,039	646,231	740,259	692,084	666,070	1,368,845	2,467,207	2,955,122	1,973,201	2,252,143	1,858,683	3,168,086
Admin Expenses	1,060,769	361,846	713,250	1,039,213	761,404	667,049	625,255	1,325,580	2,436,905	2,926,893	1,931,892	2,347,247	1,811,848	2,010,471
Operating Profit	112,054	287,749	74,789	-392,982	-21,145	25,035	40,815	43,265	30,302	28,229	41,309	-95,104	46,835	1,157,615
Interest Payable	0	0	0	0	0	0	4,783	4,974	0	0	0	0	0	0
Interest Receivable	35,356	11,942	727	531	2,317	2,839	934	983	481	759	457	332	319	35
Pre-Tax Profit	147,409	299,691	75,516	-392,451	-18,828	27,874	36,966	39,274	30,782	28,988	41,766	-94,772	47,154	1,157,650
Tax	-36,852	-56,941	-14,348	0	0	-5,296	-7,393	-7,855	-6,464	-6,667	-10,024	0	-13,203	-324,142
Profit After Tax	110,557	242,750	61,168	-392,451	-18,828	22,578	29,573	31,419	24,318	22,321	31,742	-94,772	33,951	833,508
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	110,557	242,750	61,168	-392,451	-18,828	22,578	29,573	31,419	24,318	22,321	31,742	-94,772	33,951	833,508
Employee Costs	562,440	538,612	527,477	353,151	340,532	364,545	343,601	319,215	2,057,136	2,220,098	1,532,508	1,785,961	1,348,243	1,887,975
Number Of Employees	15	15	15	10	10	10	10	10	65	64	43	50	40	65
EBITDA*	112,054	289,706	76,746	-390,069	-19,361	27,882	42,207	44,755	30,854	29,821	41,309	-94,609	47,494	1,158,494

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	956	1,913	2,870	3,135	3,918	1,570	1,962	2,208	2,369	2,393	1,484	1,979	2,638
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	1	1	1	1	1	1	0	0	1	1	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	956	1,914	2,871	3,136	3,919	1,571	1,963	2,208	2,369	2,394	1,485	1,981	2,640
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	820,699	403,502	460,308	370,772	526,886	469,375	397,379	850,882	1,254,919	1,382,330	920,870	1,142,813	993,236	1,331,304
Group Debtors	0	0	0	0	429,895	429,895	429,895	429,895	0	0	0	0	0	0
Misc Debtors	0	0	10,872	0	0	0	0	0	0	0	0	0	0	0
Cash	707,753	706,473	658,365	794,946	267,001	350,859	406,201	340,800	52,354	139,895	163,686	18,975	113,871	13,870
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,528,452	1,109,975	1,129,545	1,165,718	1,223,782	1,250,129	1,233,475	1,621,577	1,307,273	1,522,225	1,084,556	1,161,788	1,107,107	1,345,174
total assets	1,528,452	1,110,931	1,131,459	1,168,589	1,226,918	1,254,048	1,235,046	1,623,540	1,309,481	1,524,594	1,086,950	1,163,273	1,109,088	1,347,814
Bank overdraft	0	0	1	0	0	0	0	153,047	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	393,284	219,570	521,244	450,717	240,083	261,162	223,801	528,508	458,313	697,744	282,421	390,486	241,529	514,206
Group/Directors Accounts	55,000	0	0	22,462	26,685	26,685	26,685	26,685	0	0	0	0	0	0
other short term finances	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
other current liabilities	142,234	63,984	25,587	171,951	44,240	31,463	72,400	32,713	0	0	0	0	0	0
total current liabilities	590,518	283,554	546,832	645,130	311,008	319,310	322,886	740,953	458,313	697,744	282,421	390,486	241,529	514,206
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	590,518	283,554	546,832	645,130	311,008	319,310	322,886	740,953	458,313	697,744	282,421	390,486	241,529	514,206
net assets	937,934	827,377	584,627	523,459	915,910	934,738	912,160	882,587	851,168	826,850	804,529	772,787	867,559	833,608
total shareholders funds	937,934	827,377	584,627	523,459	915,910	934,738	912,160	882,587	851,168	826,850	804,529	772,787	867,559	833,608

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	112,054	287,749	74,789	-392,982	-21,145	25,035	40,815	43,265	30,302	28,229	41,309	-95,104	46,835	1,157,615
Depreciation	0	957	957	1,913	784	1,847	392	490	552	592	0	495	659	879
Amortisation	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	0	1,000	0	0	0	0
Tax	-36,852	-56,941	-14,348	0	0	-5,296	-7,393	-7,855	-6,464	-6,667	-10,024	0	-13,203	-324,142
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	417,197	-67,678	100,408	-586,009	57,511	71,996	-453,503	25,858	-127,411	461,460	-221,943	149,577	-338,068	1,331,304
Creditors	173,714	-301,674	70,527	210,634	-21,079	37,361	-304,707	70,195	-239,431	415,323	-108,065	148,957	-272,677	514,206
Accruals and Deferred Income	78,250	38,397	-146,364	127,711	12,777	-40,937	39,687	32,713	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-90,031	37,166	-113,847	534,285	-85,174	-52,986	223,297	113,950	-87,630	-22,983	145,163	-95,229	99,682	17,254
Investing Activities
capital expenditure	956	-1,000	-1,000	-2,648	-1,001	-5,195	-1,000	-1,244	-391	-1,568	-909	0	0	-3,517
Change in Investments	0	-1	0	0	0	0	0	1	0	-1	0	-1	0	2
cash flow from investments	956	-999	-1,000	-2,648	-1,001	-5,195	-1,000	-1,245	-391	-1,567	-909	1	0	-3,519
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	55,000	0	-22,462	-4,223	0	0	0	26,685	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	35,356	11,942	727	531	2,317	2,839	-3,849	-3,991	481	759	457	332	319	35
cash flow from financing	90,356	11,942	-21,735	-3,692	2,317	2,839	-3,849	22,694	481	759	457	332	319	135
cash and cash equivalents
cash	1,280	48,108	-136,581	527,945	-83,858	-55,342	65,401	288,446	-87,541	-23,791	144,711	-94,896	100,001	13,870
overdraft	0	-1	1	0	0	0	-153,047	153,047	0	0	0	0	0	0
change in cash	1,280	48,109	-136,582	527,945	-83,858	-55,342	218,448	135,399	-87,541	-23,791	144,711	-94,896	100,001	13,870

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SILK AND MACKMAN SERVICES LIMITED group structure

Silk And Mackman Services Limited has 1 subsidiary company.

Ultimate parent company

CHEEMA HOLDINGS LIMITED

04199089

1 parent

SILK AND MACKMAN SERVICES LIMITED

04230317

1 subsidiary

HIGH MAGIC DOOR SYSTEMS LIMITED

05043184

SILK AND MACKMAN SERVICES LIMITED Shareholders

commercial solutions ltd	55%
william james queen	23%
jason john queen	22%

Silk And Mackman Services Limited currently has 1 director, Mr Jason Queen serving since Apr 2007.

officer	country	age	start	end	role
Mr Jason Queen	United Kingdom	55 years	Apr 2007	-	Director

P&L

August 2023

turnover

3.2m

+75%

operating profit

112.1k

gross margin

37%

+3.46%

turnover

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

Balance Sheet

August 2023

net assets

937.9k

+0.13%

total assets

1.5m

+0.38%

cash

707.8k

net assets

Total assets minus all liabilities

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company number

04230317

Type

Private limited with Share Capital

industry

80200 - Security systems service activities

incorporation date

June 2001

ultimate parent company

CHEEMA HOLDINGS LIMITED

previous names

diginet data systems limited (June 2002)

address

new marlborough house, 90c wrotham road, gravesend, DA11 0QQ

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 3 charges/mortgages relating to silk and mackman services limited. Currently there are 1 open charges and 2 have been satisfied in the past.

silk and mackman services limited Company Information

silk and mackman services limited Estimated Valuation

silk and mackman services limited Estimated Valuation

silk and mackman services limited Estimated Valuation

Silk And Mackman Services Limited Overview

Silk And Mackman Services Limited Health Check

SILK AND MACKMAN SERVICES LIMITED financials

silk and mackman services limited Credit Report and Business Information

Silk And Mackman Services Limited Competitor Analysis

silk and mackman services limited Ownership

silk and mackman services limited directors

silk and mackman services limited company details

silk and mackman services limited Charges & Mortgages

silk and mackman services limited Companies House Filings - See Documents