ssps (birmingham) ltd
ssps (birmingham) ltd Company Information
Company Number
04601144
Website
www.sabtex.co.ukRegistered Address
1110 elliott court, coventry business park, coventry, west midlands, CV5 6UB
Industry
Manufacture of other wearing apparel and accessories
Telephone
-
Next Accounts Due
105 days late
Group Structure
View All
Directors
Satish Sirpal21 Years
Shareholders
satish kumar sirpal 75%
poonam sirpal 25%
ssps (birmingham) ltd Estimated Valuation
Pomanda estimates the enterprise value of SSPS (BIRMINGHAM) LTD at £176.8k based on a Turnover of £311.4k and 0.57x industry multiple (adjusted for size and gross margin).
ssps (birmingham) ltd Estimated Valuation
Pomanda estimates the enterprise value of SSPS (BIRMINGHAM) LTD at £198.1k based on an EBITDA of £40.7k and a 4.86x industry multiple (adjusted for size and gross margin).
ssps (birmingham) ltd Estimated Valuation
Pomanda estimates the enterprise value of SSPS (BIRMINGHAM) LTD at £146.4k based on Net Assets of £35.4k and 4.13x industry multiple (adjusted for liquidity).
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Ssps (birmingham) Ltd Overview
Ssps (birmingham) Ltd is a live company located in coventry, CV5 6UB with a Companies House number of 04601144. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in November 2002, it's largest shareholder is satish kumar sirpal with a 75% stake. Ssps (birmingham) Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £311.4k with declining growth in recent years.
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Ssps (birmingham) Ltd Health Check
Pomanda's financial health check has awarded Ssps (Birmingham) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £311.4k, make it smaller than the average company (£6.1m)
- Ssps (birmingham) Ltd
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (-1.8%)
- Ssps (birmingham) Ltd
-1.8% - Industry AVG
Production
with a gross margin of 26.8%, this company has a higher cost of product (36.8%)
- Ssps (birmingham) Ltd
36.8% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (5.5%)
- Ssps (birmingham) Ltd
5.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (38)
2 - Ssps (birmingham) Ltd
38 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Ssps (birmingham) Ltd
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £155.7k, this is equally as efficient (£161.5k)
- Ssps (birmingham) Ltd
£161.5k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (51 days)
- Ssps (birmingham) Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 130 days, this is slower than average (41 days)
- Ssps (birmingham) Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ssps (birmingham) Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ssps (birmingham) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.6%, this is a similar level of debt than the average (64.4%)
69.6% - Ssps (birmingham) Ltd
64.4% - Industry AVG
SSPS (BIRMINGHAM) LTD financials
Ssps (Birmingham) Ltd's latest turnover from September 2022 is estimated at £311.4 thousand and the company has net assets of £35.4 thousand. According to their latest financial statements, Ssps (Birmingham) Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1,325 | 524 | 47 | 304 | 705 | 557 | 478 | 408 | 925 | 936 | 876 | 97 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 24,000 | 36,000 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 1,325 | 524 | 47 | 304 | 705 | 557 | 478 | 408 | 925 | 12,936 | 24,876 | 36,097 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 15,000 | 12,500 | 10,000 | 19,000 | 14,000 | 24,000 |
| Trade Debtors | 116,676 | 117,495 | 149,825 | 162,810 | 174,036 | 215,510 | 35,008 | 14,938 | 76,574 | 88,244 | 64,219 | 61,093 | 24,265 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 134,313 | 129,960 | 41,574 | 21,255 | 1,002 | 0 | 332 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 116,676 | 117,495 | 149,825 | 162,810 | 174,036 | 215,510 | 179,321 | 159,898 | 130,648 | 119,499 | 84,221 | 75,093 | 48,597 |
| total assets | 116,676 | 118,820 | 150,349 | 162,857 | 174,340 | 216,215 | 179,878 | 160,376 | 131,056 | 120,424 | 97,157 | 99,969 | 84,694 |
| Bank overdraft | 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 |
| Trade Creditors | 81,233 | 116,372 | 133,065 | 138,921 | 116,792 | 133,319 | 132,079 | 115,406 | 96,012 | 97,243 | 77,668 | 94,083 | 72,087 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 81,233 | 116,372 | 133,065 | 138,921 | 116,792 | 133,319 | 132,079 | 115,406 | 96,012 | 97,243 | 77,668 | 94,083 | 72,087 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 | 19,230 |
| total liabilities | 81,233 | 116,372 | 133,065 | 138,921 | 136,022 | 152,549 | 151,309 | 134,636 | 115,242 | 116,473 | 96,898 | 113,313 | 91,317 |
| net assets | 35,443 | 2,448 | 17,284 | 23,936 | 38,318 | 63,666 | 28,569 | 25,740 | 15,814 | 3,951 | 259 | -13,344 | -6,623 |
| total shareholders funds | 35,443 | 2,448 | 17,284 | 23,936 | 38,318 | 63,666 | 28,569 | 25,740 | 15,814 | 3,951 | 259 | -13,344 | -6,623 |
| Sep 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 344 | 430 | 517 | 939 | 660 | 426 | 33 | ||||||
| Amortisation | 0 | 0 | 0 | 12,000 | 12,000 | 12,000 | 12,000 | ||||||
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -10,000 | -5,000 | 2,500 | 2,500 | -9,000 | 5,000 | -10,000 | 24,000 |
| Debtors | -819 | -32,330 | -12,985 | -11,226 | -41,474 | 180,502 | 20,070 | -61,636 | -11,670 | 24,025 | 3,126 | 36,828 | 24,265 |
| Creditors | -35,139 | -16,693 | -5,856 | 22,129 | -16,527 | 1,240 | 16,673 | 19,394 | -1,231 | 19,575 | -16,415 | 21,996 | 72,087 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -19,230 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,230 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -134,313 | 4,353 | 88,386 | 20,319 | 20,253 | 1,002 | -332 | 332 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -134,313 | 4,353 | 88,386 | 20,319 | 20,253 | 1,002 | -332 | 332 |
ssps (birmingham) ltd Credit Report and Business Information
Ssps (birmingham) Ltd Competitor Analysis
Perform a competitor analysis for ssps (birmingham) ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in CV5 area or any other competitors across 12 key performance metrics.
ssps (birmingham) ltd Ownership
SSPS (BIRMINGHAM) LTD group structure
Ssps (Birmingham) Ltd has no subsidiary companies.
Ultimate parent company
SSPS (BIRMINGHAM) LTD
04601144
ssps (birmingham) ltd directors
Ssps (Birmingham) Ltd currently has 1 director, Satish Sirpal serving since Nov 2002.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Satish Sirpal | 69 years | Nov 2002 | - | Director |
P&L
September 2022turnover
311.4k
-25%
operating profit
40.7k
0%
gross margin
26.8%
+15.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
35.4k
+13.48%
total assets
116.7k
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ssps (birmingham) ltd company details
company number
04601144
Type
Private limited with Share Capital
industry
14190 - Manufacture of other wearing apparel and accessories
incorporation date
November 2002
age
22
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
sabtex (birmingham) limited (January 2023)
last accounts submitted
September 2022
address
1110 elliott court, coventry business park, coventry, west midlands, CV5 6UB
accountant
-
auditor
-
ssps (birmingham) ltd 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 1 charges/mortgages relating to ssps (birmingham) ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
ssps (birmingham) ltd Companies House Filings - See Documents
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