vindex systems limited
vindex systems limited Company Information
Company Number
04453714
Website
www.vindexsystems.comRegistered Address
security house, the summit, hanworth road, sunbury-on-thames, TW16 5DB
Industry
Security systems service activities
Telephone
01293558830
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
adt fire & security plc 100%
vindex systems limited Estimated Valuation
Pomanda estimates the enterprise value of VINDEX SYSTEMS LIMITED at £6.8m based on a Turnover of £13m and 0.53x industry multiple (adjusted for size and gross margin).
vindex systems limited Estimated Valuation
Pomanda estimates the enterprise value of VINDEX SYSTEMS LIMITED at £0 based on an EBITDA of £-883k and a 4.81x industry multiple (adjusted for size and gross margin).
vindex systems limited Estimated Valuation
Pomanda estimates the enterprise value of VINDEX SYSTEMS LIMITED at £2.8m based on Net Assets of £1.2m and 2.35x industry multiple (adjusted for liquidity).
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Vindex Systems Limited Overview
Vindex Systems Limited is a live company located in sunbury-on-thames, TW16 5DB with a Companies House number of 04453714. It operates in the security systems service activities sector, SIC Code 80200. Founded in June 2002, it's largest shareholder is adt fire & security plc with a 100% stake. Vindex Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13m with healthy growth in recent years.
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Vindex Systems Limited Health Check
Pomanda's financial health check has awarded Vindex Systems Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £13m, make it larger than the average company (£3.1m)
£13m - Vindex Systems Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.2%)
10% - Vindex Systems Limited
6.2% - Industry AVG
Production
with a gross margin of 40%, this company has a comparable cost of product (36.6%)
40% - Vindex Systems Limited
36.6% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (6.6%)
-7% - Vindex Systems Limited
6.6% - Industry AVG
Employees
with 68 employees, this is above the industry average (25)
68 - Vindex Systems Limited
25 - Industry AVG
Pay Structure
on an average salary of £59.3k, the company has a higher pay structure (£38.8k)
£59.3k - Vindex Systems Limited
£38.8k - Industry AVG
Efficiency
resulting in sales per employee of £191.2k, this is more efficient (£104.8k)
£191.2k - Vindex Systems Limited
£104.8k - Industry AVG
Debtor Days
it gets paid by customers after 110 days, this is later than average (65 days)
110 days - Vindex Systems Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is close to average (48 days)
50 days - Vindex Systems Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is more than average (21 days)
37 days - Vindex Systems Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (7 weeks)
1 weeks - Vindex Systems Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.6%, this is a higher level of debt than the average (67.9%)
80.6% - Vindex Systems Limited
67.9% - Industry AVG
VINDEX SYSTEMS LIMITED financials
Vindex Systems Limited's latest turnover from September 2023 is £13 million and the company has net assets of £1.2 million. According to their latest financial statements, Vindex Systems Limited has 68 employees and maintains cash reserves of £98 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,000,000 | 11,380,000 | 10,607,634 | 9,670,598 | 11,693,711 | 9,841,390 | 8,759,530 | 8,791,611 | 6,715,925 | 5,155,018 | 6,608,765 | 5,418,550 | 5,873,848 | 4,369,733 | 4,144,169 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,801,000 | 7,201,000 | 5,883,555 | 5,442,196 | 6,615,377 | 5,138,725 | 4,786,169 | 5,340,209 | 3,823,549 | 2,757,323 | 4,031,132 | 3,295,027 | 3,975,298 | 2,851,585 | 2,324,818 |
| Gross Profit | 5,199,000 | 4,179,000 | 4,724,079 | 4,228,402 | 5,078,334 | 4,702,665 | 3,973,361 | 3,451,402 | 2,892,376 | 2,397,695 | 2,577,633 | 2,123,523 | 1,898,550 | 1,518,148 | 1,819,351 |
| Admin Expenses | 6,108,000 | 3,117,000 | 3,786,180 | 3,620,702 | 4,578,448 | 4,010,373 | 3,585,673 | 2,905,743 | 2,398,739 | 2,067,394 | 1,950,306 | 1,718,658 | 1,483,809 | 1,312,581 | 1,280,773 |
| Operating Profit | -909,000 | 1,062,000 | 937,899 | 607,700 | 499,886 | 692,292 | 387,688 | 545,659 | 493,637 | 330,301 | 627,327 | 404,865 | 414,741 | 205,567 | 538,578 |
| Interest Payable | 25,000 | 10,000 | 14,878 | 0 | 0 | 687 | 1,929 | 8,255 | 3,046 | 4,108 | 140 | 1,901 | 3,714 | 4,276 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 317 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,251,000 | 619,000 | 923,021 | 607,700 | 499,886 | 692,292 | 387,001 | 543,730 | 485,382 | 327,572 | 623,219 | 404,725 | 412,840 | 201,853 | 534,302 |
| Tax | 33,000 | -212,000 | 7,286 | 156,170 | 117,000 | 297,335 | -11,281 | -85,839 | -62,183 | -67,689 | -111,947 | -78,860 | -89,992 | -45,640 | -122,237 |
| Profit After Tax | -1,218,000 | 407,000 | 930,307 | 763,870 | 616,886 | 989,627 | 375,720 | 457,891 | 423,199 | 259,883 | 511,272 | 325,865 | 322,848 | 156,213 | 412,065 |
| Dividends Paid | 0 | 138,000 | 321,904 | 717,134 | 484,121 | 451,142 | 308,051 | 404,682 | 346,698 | 286,264 | 386,283 | 291,352 | 308,526 | 63,000 | 354,750 |
| Retained Profit | -1,218,000 | 269,000 | 608,403 | 46,736 | 132,765 | 538,485 | 67,669 | 53,209 | 76,501 | -26,381 | 124,989 | 34,513 | 14,322 | 93,213 | 57,315 |
| Employee Costs | 4,030,000 | 2,427,000 | 3,024,769 | ||||||||||||
| Number Of Employees | 68 | 70 | 62 | 65 | 75 | 68 | 63 | 47 | |||||||
| EBITDA* | -883,000 | 1,086,000 | 962,642 | 640,852 | 535,392 | 727,950 | 423,346 | 576,690 | 525,849 | 358,313 | 652,838 | 452,337 | 431,512 | 218,667 | 566,087 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 58,000 | 63,000 | 76,245 | 84,460 | 100,613 | 76,719 | 76,160 | 88,522 | 95,795 | 110,957 | 68,482 | 74,820 | 90,033 | 65,970 | 50,957 |
| 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 | 58,000 | 63,000 | 76,245 | 84,460 | 100,613 | 76,719 | 76,160 | 88,522 | 95,795 | 110,957 | 68,482 | 74,820 | 90,033 | 65,970 | 50,957 |
| Stock & work in progress | 800,000 | 689,000 | 624,937 | 483,040 | 487,931 | 680,607 | 567,879 | 567,099 | 599,194 | 408,474 | 352,150 | 313,531 | 284,559 | 184,085 | 172,845 |
| Trade Debtors | 3,922,000 | 6,096,000 | 2,404,906 | 1,967,393 | 2,022,769 | 1,819,296 | 1,346,856 | 2,246,639 | 1,426,960 | 1,265,917 | 1,216,153 | 1,071,453 | 996,299 | 1,076,332 | 936,917 |
| Group Debtors | 992,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 329,000 | 1,010,000 | 1,477,175 | 1,181,452 | 1,216,067 | 1,350,324 | 1,027,242 | 738,193 | 576,094 | 376,378 | 380,679 | 405,080 | 418,218 | 819,390 | 175,164 |
| Cash | 98,000 | 1,321,000 | 565,502 | 382,948 | 385,631 | 160,311 | 10,795 | 7,907 | 797 | 1,277 | 100,591 | 234,450 | 32,166 | 1,201 | 901 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,141,000 | 9,116,000 | 5,072,520 | 4,014,833 | 4,112,398 | 4,010,538 | 2,952,772 | 3,559,838 | 2,603,045 | 2,052,046 | 2,049,573 | 2,024,514 | 1,731,242 | 2,081,008 | 1,285,827 |
| total assets | 6,199,000 | 9,179,000 | 5,148,765 | 4,099,293 | 4,213,011 | 4,087,257 | 3,028,932 | 3,648,360 | 2,698,840 | 2,163,003 | 2,118,055 | 2,099,334 | 1,821,275 | 2,146,978 | 1,336,784 |
| Bank overdraft | 0 | 0 | 196,700 | 75,000 | 742,157 | 423,379 | 217,464 | 272,258 | 65,510 | 118,068 | 0 | 17,971 | 24,867 | 67,488 | 88,018 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,076,000 | 3,012,000 | 1,692,445 | 1,110,331 | 1,444,903 | 1,375,292 | 1,086,389 | 1,623,472 | 1,451,016 | 841,955 | 874,461 | 921,848 | 922,125 | 1,125,725 | 614,199 |
| Group/Directors Accounts | 2,979,000 | 2,400,000 | 0 | 0 | 778 | 80,709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 328,893 | 469,600 | 449,203 | 394,065 | 367,388 | 365,064 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,932 | 0 | 0 | 0 | 0 |
| other current liabilities | 932,000 | 1,337,000 | 794,227 | 983,708 | 816,755 | 1,132,224 | 1,188,912 | 1,282,318 | 765,143 | 533,362 | 400,556 | 467,131 | 274,466 | 97,947 | 188,599 |
| total current liabilities | 4,987,000 | 6,749,000 | 2,683,372 | 2,169,039 | 3,004,593 | 3,011,604 | 2,492,765 | 3,178,048 | 2,281,669 | 1,822,278 | 1,751,549 | 1,856,153 | 1,615,523 | 1,658,548 | 1,255,880 |
| loans | 0 | 0 | 600,000 | 675,000 | 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 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 10,000 | 10,000 | 11,964 | 10,228 | 10,228 | 10,228 | 9,227 | 11,041 | 11,109 | 11,164 | 10,564 | 12,228 | 9,312 | 309,312 | 4,999 |
| total long term liabilities | 10,000 | 10,000 | 611,964 | 685,228 | 10,228 | 10,228 | 9,227 | 11,041 | 11,109 | 11,164 | 10,564 | 12,228 | 9,312 | 309,312 | 4,999 |
| total liabilities | 4,997,000 | 6,759,000 | 3,295,336 | 2,854,267 | 3,014,821 | 3,021,832 | 2,501,992 | 3,189,089 | 2,292,778 | 1,833,442 | 1,762,113 | 1,868,381 | 1,624,835 | 1,967,860 | 1,260,879 |
| net assets | 1,202,000 | 2,420,000 | 1,853,429 | 1,245,026 | 1,198,190 | 1,065,425 | 526,940 | 459,271 | 406,062 | 329,561 | 355,942 | 230,953 | 196,440 | 179,118 | 75,905 |
| total shareholders funds | 1,202,000 | 2,420,000 | 1,853,429 | 1,245,026 | 1,198,190 | 1,065,425 | 526,940 | 459,271 | 406,062 | 329,561 | 355,942 | 230,953 | 196,440 | 179,118 | 75,905 |
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | 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 | -909,000 | 1,062,000 | 937,899 | 607,700 | 499,886 | 692,292 | 387,688 | 545,659 | 493,637 | 330,301 | 627,327 | 404,865 | 414,741 | 205,567 | 538,578 |
| Depreciation | 26,000 | 24,000 | 24,743 | 33,152 | 35,506 | 35,658 | 35,658 | 31,031 | 32,212 | 28,012 | 25,511 | 47,472 | 16,771 | 13,100 | 27,509 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 33,000 | -212,000 | 7,286 | 156,170 | 117,000 | 297,335 | -11,281 | -85,839 | -62,183 | -67,689 | -111,947 | -78,860 | -89,992 | -45,640 | -122,237 |
| Stock | 111,000 | 64,063 | 141,897 | -4,891 | -192,676 | 112,728 | 780 | -32,095 | 190,720 | 56,324 | 38,619 | 28,972 | 100,474 | 11,240 | 172,845 |
| Debtors | -1,863,000 | 3,223,919 | 733,236 | -89,991 | 69,216 | 795,522 | -610,734 | 981,778 | 360,759 | 45,463 | 120,299 | 62,016 | -481,205 | 783,641 | 1,112,081 |
| Creditors | -1,936,000 | 1,319,555 | 582,114 | -334,572 | 69,611 | 288,903 | -537,083 | 172,456 | 609,061 | -32,506 | -47,387 | -277 | -203,600 | 511,526 | 614,199 |
| Accruals and Deferred Income | -405,000 | 542,773 | -189,481 | 166,953 | -315,469 | -56,688 | -93,406 | 517,175 | 231,781 | 132,806 | -66,575 | 192,665 | 176,519 | -90,652 | 188,599 |
| Deferred Taxes & Provisions | 0 | -1,964 | 1,736 | 0 | 0 | 1,001 | -1,814 | -68 | -55 | 600 | -1,664 | 2,916 | -300,000 | 304,313 | 4,999 |
| Cash flow from operations | -1,439,000 | -553,618 | 489,164 | 724,285 | 529,994 | 350,251 | 389,716 | 230,731 | 752,974 | 289,737 | 266,347 | 477,793 | 395,170 | 103,333 | -33,279 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 579,000 | 2,400,000 | 0 | -778 | -79,931 | 80,709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -328,893 | -140,707 | 20,397 | 55,138 | 26,677 | 2,324 | 365,064 |
| Long term loans | 0 | -600,000 | -75,000 | 675,000 | 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 | -6,932 | 6,932 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -25,000 | -10,000 | -14,878 | 0 | 0 | -687 | -1,929 | -8,255 | -2,729 | -4,108 | -140 | -1,901 | -3,714 | -4,276 | |
| cash flow from financing | 554,000 | 2,087,571 | -89,878 | 674,322 | -79,931 | -687 | -1,929 | -337,148 | -150,368 | 23,221 | 54,998 | 27,776 | 8,610 | 379,378 | |
| cash and cash equivalents | |||||||||||||||
| cash | -1,223,000 | 755,498 | 182,554 | -2,683 | 225,320 | 149,516 | 2,888 | 7,110 | -480 | -99,314 | -133,859 | 202,284 | 30,965 | 300 | 901 |
| overdraft | 0 | -196,700 | 121,700 | -667,157 | 318,778 | 205,915 | -54,794 | 206,748 | -52,558 | 118,068 | -17,971 | -6,896 | -42,621 | -20,530 | 88,018 |
| change in cash | -1,223,000 | 952,198 | 60,854 | 664,474 | -93,458 | -56,399 | 57,682 | -199,638 | 52,078 | -217,382 | -115,888 | 209,180 | 73,586 | 20,830 | -87,117 |
vindex systems limited Credit Report and Business Information
Vindex Systems Limited Competitor Analysis
Perform a competitor analysis for vindex systems limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in TW16 area or any other competitors across 12 key performance metrics.
vindex systems limited Ownership
VINDEX SYSTEMS LIMITED group structure
Vindex Systems Limited has no subsidiary companies.
Ultimate parent company
JOHNSON CONTROLS INTERNATIONAL PUBLIC LI
IE543654
2 parents
VINDEX SYSTEMS LIMITED
04453714
vindex systems limited directors
Vindex Systems Limited currently has 3 directors. The longest serving directors include Mr James Earnshaw (Aug 2022) and Mrs Sarah Dixon (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Earnshaw | England | 47 years | Aug 2022 | - | Director |
| Mrs Sarah Dixon | 44 years | Dec 2023 | - | Director | |
| Mr Craig Flanagan | United Kingdom | 53 years | Jul 2024 | - | Director |
P&L
September 2023turnover
13m
+14%
operating profit
-909k
-186%
gross margin
40%
+8.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.2m
-0.5%
total assets
6.2m
-0.32%
cash
98k
-0.93%
net assets
Total assets minus all liabilities
vindex systems limited company details
company number
04453714
Type
Private limited with Share Capital
industry
80200 - Security systems service activities
incorporation date
June 2002
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
TC GROUP
address
security house, the summit, hanworth road, sunbury-on-thames, TW16 5DB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
vindex systems 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 4 charges/mortgages relating to vindex systems limited. Currently there are 0 open charges and 4 have been satisfied in the past.
vindex systems limited Companies House Filings - See Documents
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