smartcomms sc limited

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smartcomms sc limited Company Information

Share SMARTCOMMS SC LIMITED

Company Number

04303041

Shareholders

platinum newco i. limited

Group Structure

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Industry

Other information technology and computer service activities

 +1

Registered Address

suite 23 lclb, 95 mortimer street, london, W1W 7GB

smartcomms sc limited Estimated Valuation

£38.6m

Pomanda estimates the enterprise value of SMARTCOMMS SC LIMITED at £38.6m based on a Turnover of £27.7m and 1.39x industry multiple (adjusted for size and gross margin).

smartcomms sc limited Estimated Valuation

£271.8m

Pomanda estimates the enterprise value of SMARTCOMMS SC LIMITED at £271.8m based on an EBITDA of £30.4m and a 8.94x industry multiple (adjusted for size and gross margin).

smartcomms sc limited Estimated Valuation

£160.3m

Pomanda estimates the enterprise value of SMARTCOMMS SC LIMITED at £160.3m based on Net Assets of £69.3m and 2.31x industry multiple (adjusted for liquidity).

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Smartcomms Sc Limited Overview

Smartcomms Sc Limited is a live company located in london, W1W 7GB with a Companies House number of 04303041. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2001, it's largest shareholder is platinum newco i. limited with a 100% stake. Smartcomms Sc Limited is a mature, large sized company, Pomanda has estimated its turnover at £27.7m with healthy growth in recent years.

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Smartcomms Sc Limited Health Check

Pomanda's financial health check has awarded Smartcomms Sc Limited a 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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £27.7m, make it larger than the average company (£5.9m)

£27.7m - Smartcomms Sc Limited

£5.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.1%)

11% - Smartcomms Sc Limited

9.1% - Industry AVG

production

Production

with a gross margin of 68.2%, this company has a comparable cost of product (61.7%)

68.2% - Smartcomms Sc Limited

61.7% - Industry AVG

profitability

Profitability

an operating margin of 95.7% make it more profitable than the average company (3.5%)

95.7% - Smartcomms Sc Limited

3.5% - Industry AVG

employees

Employees

with 159 employees, this is above the industry average (42)

159 - Smartcomms Sc Limited

42 - Industry AVG

paystructure

Pay Structure

on an average salary of £115.2k, the company has a higher pay structure (£73.2k)

£115.2k - Smartcomms Sc Limited

£73.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £174.1k, this is more efficient (£150k)

£174.1k - Smartcomms Sc Limited

£150k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 103 days, this is later than average (55 days)

103 days - Smartcomms Sc Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (37 days)

11 days - Smartcomms Sc Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Smartcomms Sc Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (15 weeks)

17 weeks - Smartcomms Sc Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (63.8%)

30.8% - Smartcomms Sc Limited

63.8% - Industry AVG

SMARTCOMMS SC LIMITED financials

EXPORTms excel logo

Smartcomms Sc Limited's latest turnover from December 2023 is £27.7 million and the company has net assets of £69.3 million. According to their latest financial statements, Smartcomms Sc Limited has 159 employees and maintains cash reserves of £10.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover27,688,00025,080,00022,092,00020,361,00018,908,00017,223,00014,387,00012,733,00032,011,16133,644,45341,821,97839,811,05235,732,50825,669,44118,289,035
Other Income Or Grants
Cost Of Sales8,798,0008,048,0008,757,0007,832,0007,187,0004,255,0003,632,0002,729,0005,729,4616,074,2256,675,6375,959,8594,173,5012,994,2971,701,664
Gross Profit18,890,00017,032,00013,335,00012,529,00011,721,00012,968,00010,755,00010,004,00026,281,70027,570,22835,146,34133,851,19331,559,00722,675,14416,587,371
Admin Expenses-7,613,000-2,046,000-4,351,000-6,035,00091,0002,259,000-2,948,000-6,502,00041,231,34239,093,59639,438,94735,300,51127,920,07317,662,19713,693,921
Operating Profit26,503,00019,078,00017,686,00018,564,00011,630,00010,709,00013,703,00016,506,000-14,949,642-11,523,368-4,292,606-1,449,3183,638,9345,012,9472,893,450
Interest Payable5,801,0003,930,0002,642,0001,651,0002,632,0009,477,0002,932,69140,659
Interest Receivable652,00060,0001,00017,00060,00022,0004,00020,00025,24311,490106,413174,019153,90473,37833,072
Pre-Tax Profit21,354,00015,208,00015,045,00016,930,0009,058,00010,731,00013,707,0004,853,000-17,857,090-11,552,537-4,186,193-1,275,2993,792,8385,086,3252,926,522
Tax-2,677,000-1,532,000-2,263,000-2,672,000-641,000-720,000-517,000959,0001,829,802-704,341-1,079,9541,648,856-239,885-1,162,262-379,220
Profit After Tax18,677,00013,676,00012,782,00014,258,0008,417,00010,011,00013,190,0005,812,000-16,027,288-12,256,878-5,266,147373,5573,552,9533,924,0632,547,302
Dividends Paid4,000,0001,250,0001,200,000
Retained Profit18,677,00013,676,00012,782,00014,258,0008,417,00010,011,00013,190,0005,812,000-16,027,288-12,256,878-5,266,147-3,626,4433,552,9532,674,0631,347,302
Employee Costs18,315,00017,864,00015,952,00015,111,00014,006,00011,032,0009,741,0009,235,00027,664,10228,253,13325,002,44120,125,50516,352,42510,587,9538,290,128
Number Of Employees15915214613712512111711527931728523718812898
EBITDA*30,402,00022,989,00021,470,00018,818,00011,769,00010,821,00013,779,00016,629,000-14,049,980-10,380,492-3,250,144-645,4243,907,6195,220,6613,046,500

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets491,000684,000417,000498,000305,000263,000177,00075,0001,440,4881,963,4742,118,0192,687,0661,257,473226,336263,233
Intangible Assets1,906,0005,414,0008,922,00012,430,000
Investments & Other44,500,00044,500,00044,500,00017,819,00017,819,00022,000
Debtors (Due After 1 year)
Total Fixed Assets46,897,00050,598,00053,839,00030,747,00018,124,000263,000177,00097,0001,440,4881,963,4742,118,0192,687,0661,257,473226,336263,233
Stock & work in progress
Trade Debtors7,817,0005,908,0008,385,0005,570,0004,807,0005,246,0003,211,0002,266,0007,265,9945,422,0058,808,2708,683,8837,771,5397,813,5407,122,123
Group Debtors32,102,00028,138,00020,935,00023,991,00032,668,00012,128,0009,589,0005,098,000
Misc Debtors3,083,0003,117,0001,767,0001,672,0001,339,0001,315,0001,568,0002,050,0005,727,6179,027,8065,161,0134,567,3204,881,1941,422,728416,936
Cash10,238,0003,011,0002,131,0007,905,0001,715,000695,0001,222,0004,137,0007,576,7653,400,6847,856,07911,870,61413,498,74110,266,1457,328,588
misc current assets
total current assets53,240,00040,174,00033,218,00039,138,00040,529,00019,384,00015,590,00013,551,00020,570,37617,850,49521,825,36225,121,81726,151,47419,502,41314,867,647
total assets100,137,00090,772,00087,057,00069,885,00058,653,00019,647,00015,767,00013,648,00022,010,86419,813,96923,943,38127,808,88327,408,94719,728,74915,130,880
Bank overdraft
Bank loan
Trade Creditors 287,000766,000313,000697,000811,000411,000441,000729,000826,9931,232,9391,068,5101,224,813954,103432,906505,236
Group/Directors Accounts8,406,00020,892,00030,526,00025,370,00034,312,0006,038,00011,654,00023,002,00049,086
other short term finances
hp & lease commitments164,512208,560415,892415,446
other current liabilities22,029,00018,358,00018,932,00019,443,00012,898,00011,310,00010,724,0009,235,00022,814,35724,554,78816,813,88715,222,61912,943,2069,603,8017,572,140
total current liabilities30,722,00040,016,00049,771,00045,510,00048,021,00017,759,00022,819,00032,966,00023,854,94825,996,28718,298,28916,862,87813,897,30910,036,7078,077,376
loans20,713,736
hp & lease commitments58,99466,694136,969561,052
Accruals and Deferred Income563,000209,000962,0002,266,0001,643,7332,486,4932,228,5671,788,9331,273,8671,020,4231,047,726
other liabilities19,000
provisions80,000117,000323,000194,000146,000173,000491,000111,000547,842114,812
total long term liabilities99,000117,000323,000194,000709,000382,0001,453,0002,377,00022,964,3052,667,9992,365,5362,349,9851,273,8671,020,4231,047,726
total liabilities30,821,00040,133,00050,094,00045,704,00048,730,00018,141,00024,272,00035,343,00046,819,25328,664,28620,663,82519,212,86315,171,17611,057,1309,125,102
net assets69,316,00050,639,00036,963,00024,181,0009,923,0001,506,000-8,505,000-21,695,000-24,808,389-8,850,3173,279,5568,596,02012,237,7718,671,6196,005,778
total shareholders funds69,316,00050,639,00036,963,00024,181,0009,923,0001,506,000-8,505,000-21,695,000-24,808,389-8,850,3173,279,5568,596,02012,237,7718,671,6196,005,778
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit26,503,00019,078,00017,686,00018,564,00011,630,00010,709,00013,703,00016,506,000-14,949,642-11,523,368-4,292,606-1,449,3183,638,9345,012,9472,893,450
Depreciation391,000403,000276,000254,000139,000112,00076,000123,000899,6621,142,8761,042,462803,894268,685207,714153,050
Amortisation3,508,0003,508,0003,508,000
Tax-2,677,000-1,532,000-2,263,000-2,672,000-641,000-720,000-517,000959,0001,829,802-704,341-1,079,9541,648,856-239,885-1,162,262-379,220
Stock
Debtors5,839,0006,076,000-146,000-7,581,00020,125,0004,321,0004,954,000-3,579,611-1,456,200480,528718,080598,4703,416,4651,697,2097,539,059
Creditors-479,000453,000-384,000-114,000400,000-30,000-288,000-97,993-405,946164,429-156,303270,710521,197-72,330505,236
Accruals and Deferred Income3,671,000-574,000-511,0005,982,0001,942,000-167,000185,000-12,957,090-2,583,1917,998,8272,030,9022,794,4793,592,8492,004,3588,619,866
Deferred Taxes & Provisions-37,000-206,000129,00048,000-27,000-318,000380,000-436,842433,030114,812
Cash flow from operations25,041,00015,054,00018,587,00029,643,000-6,682,0005,265,0008,585,0007,675,686-13,320,085-3,287,293-3,173,5793,470,1514,365,3154,293,2184,253,323
Investing Activities
capital expenditure-198,000-670,000-195,000-12,877,000-181,000-198,000-178,0001,242,488-465,279-2,287,578-1,301,325-170,816-108,090
Change in Investments26,681,00017,819,000-22,00022,000
cash flow from investments-198,000-670,000-26,876,000-12,877,000-18,000,000-198,000-156,0001,220,488-465,279-2,287,578-1,301,325-170,816-108,090
Financing Activities
Bank loans
Group/Directors Accounts-12,486,000-9,634,0005,156,000-8,942,00028,274,000-5,616,000-11,348,00022,952,91449,086
Other Short Term Loans
Long term loans-20,713,73620,713,736
Hire Purchase and Lease Commitments-223,506-51,748-277,607-423,637976,498
other long term liabilities19,000
share issue-2,698,61169,216127,005-50,317-15,30813,199-8,2224,658,476
interest-5,149,000-3,870,000-2,641,000-1,634,000-2,572,00022,0004,000-9,457,000-2,907,448-29,169106,413174,019153,90473,37833,072
cash flow from financing-17,616,000-13,504,0002,515,000-10,576,00025,702,000-5,594,000-11,344,000-10,139,93917,872,842-179,771-367,5411,135,209167,10365,1564,691,548
cash and cash equivalents
cash7,227,000880,000-5,774,0006,190,0001,020,000-527,000-2,915,000-3,439,7654,176,081-4,455,395-4,014,535-1,628,1273,232,5962,937,5577,328,588
overdraft
change in cash7,227,000880,000-5,774,0006,190,0001,020,000-527,000-2,915,000-3,439,7654,176,081-4,455,395-4,014,535-1,628,1273,232,5962,937,5577,328,588

smartcomms sc limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Smartcomms Sc Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for smartcomms sc limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in W1W area or any other competitors across 12 key performance metrics.

smartcomms sc limited Ownership

SMARTCOMMS SC LIMITED group structure

Smartcomms Sc Limited has 1 subsidiary company.

Ultimate parent company

2 parents

SMARTCOMMS SC LIMITED

04303041

1 subsidiary

SMARTCOMMS SC LIMITED Shareholders

platinum newco i. limited 100%

smartcomms sc limited directors

Smartcomms Sc Limited currently has 2 directors. The longest serving directors include Mr Jonathan Stratford (Jun 2018) and Mr James Brown (Jun 2018).

officercountryagestartendrole
Mr Jonathan StratfordUnited Kingdom54 years Jun 2018- Director
Mr James BrownUnited Kingdom54 years Jun 2018- Director

P&L

December 2023

turnover

27.7m

+10%

operating profit

26.5m

+39%

gross margin

68.3%

+0.46%

turnover

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

Balance Sheet

December 2023

net assets

69.3m

+0.37%

total assets

100.1m

+0.1%

cash

10.2m

+2.4%

net assets

Total assets minus all liabilities

smartcomms sc limited company details

company number

04303041

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

62012 - Business and domestic software development

incorporation date

October 2001

age

24

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

thunderhead limited (October 2016)

thunderhead software limited (July 2002)

See more

accountant

-

auditor

BDO LLP

address

suite 23 lclb, 95 mortimer street, london, W1W 7GB

Bank

HSBC BANK PLC

Legal Advisor

-

smartcomms sc 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 14 charges/mortgages relating to smartcomms sc limited. Currently there are 1 open charges and 13 have been satisfied in the past.

smartcomms sc 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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smartcomms sc limited Companies House Filings - See Documents

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