Citadel Secure Electronic Services Ltd

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citadel secure electronic services ltd Company Information

Dissolved

Company Number

04915928

Website

Registered Address

66 moorland road, stockport, cheshire, SK2 7AX

Industry

Business and domestic software development

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

James Larking18 Years

Andrew Nicol3 Years

Shareholders

sputnik internet ltd 100%

citadel secure electronic services ltd Estimated Valuation

£273k

Pomanda estimates the enterprise value of CITADEL SECURE ELECTRONIC SERVICES LTD at £273k based on an EBITDA of £51k and a 5.35x industry multiple (adjusted for size and gross margin).

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Citadel Secure Electronic Services Ltd is a dissolved company that was located in cheshire, SK2 7AX with a Companies House number of 04915928. It operated in the business and domestic software development sector, SIC Code 62012. Founded in September 2003, it's largest shareholder was sputnik internet ltd with a 100% stake. The last turnover for Citadel Secure Electronic Services Ltd was estimated at £105.4k.

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Pomanda's financial health check has awarded Citadel Secure Electronic Services Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £105.4k, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -52%, show it is growing at a slower rate (5.4%)

EXPORT

Citadel Secure Electronic Services Ltd's latest turnover from December 2021 is estimated at £105.4 thousand and the company has net assets of £107.6 thousand. According to their latest financial statements, Citadel Secure Electronic Services Ltd has 2 employees and maintains cash reserves of £137.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	105,397	224,076	363,274	968,008	511,347	366,526	152,113	157,282	111,133	86,805	76,837	63,113	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	28,018	60,647	95,125	257,231	138,086	100,424	37,706	40,076	27,119	20,856	18,944	14,773	0
Gross Profit	77,379	163,429	268,149	710,777	373,261	266,102	114,407	117,206	84,014	65,949	57,893	48,340	0
Admin Expenses	26,349	175,399	280,464	655,677	367,193	231,654	137,821	102,840	70,309	73,392	33,480	44,955	-428
Operating Profit	51,030	-11,970	-12,315	55,100	6,068	34,448	-23,414	14,366	13,705	-7,443	24,413	3,385	428
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	344	112	322	0	53	87	233	199	120	128	107	13	1
Pre-Tax Profit	51,374	-11,858	-11,993	55,100	6,121	34,535	-23,181	14,565	13,825	-7,315	24,520	3,397	429
Tax	-9,761	0	0	-10,469	-1,163	-6,907	0	-3,059	-3,180	0	-6,375	-951	-120
Profit After Tax	41,613	-11,858	-11,993	44,631	4,958	27,628	-23,181	11,506	10,645	-7,315	18,145	2,446	309
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	41,613	-11,858	-11,993	44,631	4,958	27,628	-23,181	11,506	10,645	-7,315	18,145	2,446	309
Employee Costs	126,288	120,456	123,528	551,184	293,978	226,576	106,898	107,364	102,829	52,135	49,908	48,822	0
Number Of Employees	2	2	2	9	5	4	2	2	2	1	1	1	0
EBITDA*	51,030	-11,970	-12,315	55,100	6,068	34,448	-23,078	14,702	14,429	-7,054	24,935	3,514	554

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	336	672	388	777	133	191
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	336	672	388	777	133	191
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	4,014	40,883	84,498	195,852	101,764	67,596	27,233	28,580	18,799	14,955	13,207	10,228	25,822
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	7,420	7,420	0	0	0	0	0	0	4,397	0	18,231	2,859
Cash	137,916	137,466	85,743	0	0	21,098	48,563	44,583	35,010	12,997	38,255	4,724	319
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	141,930	185,769	177,661	195,852	101,764	88,694	75,796	73,163	53,809	32,349	51,462	33,183	29,000
total assets	141,930	185,769	177,661	195,852	101,764	88,694	75,796	73,499	54,481	32,737	52,239	33,316	29,191
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	0	0	0	101,125	53,523	48,411	63,141	37,596	30,073	18,974	31,239	30,461	28,782
Group/Directors Accounts	0	286	36	2,055	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	34,296	119,462	99,746	0	0	0	0	0	0	0	0	0	0
total current liabilities	34,296	119,748	99,782	103,180	53,523	48,411	63,141	37,596	30,073	18,974	31,239	30,461	28,782
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	2,900	3,100	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	67	78	78	0	0	0
total long term liabilities	0	0	0	2,900	3,100	0	0	67	78	78	0	0	0
total liabilities	34,296	119,748	99,782	106,080	56,623	48,411	63,141	37,663	30,151	19,052	31,239	30,461	28,782
net assets	107,634	66,021	77,879	89,772	45,141	40,283	12,655	35,836	24,330	13,685	21,000	2,855	409
total shareholders funds	107,634	66,021	77,879	89,772	45,141	40,283	12,655	35,836	24,330	13,685	21,000	2,855	409

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	51,030	-11,970	-12,315	55,100	6,068	34,448	-23,414	14,366	13,705	-7,443	24,413	3,385	428
Depreciation	0	0	0	0	0	0	336	336	724	389	522	129	126
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,761	0	0	-10,469	-1,163	-6,907	0	-3,059	-3,180	0	-6,375	-951	-120
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-44,289	-43,615	-103,934	94,088	34,168	40,363	-1,347	9,781	-553	6,145	-15,252	-222	28,681
Creditors	0	0	-101,125	47,602	5,112	-14,730	25,545	7,523	11,099	-12,265	778	1,679	28,782
Accruals and Deferred Income	-85,166	19,716	96,846	-200	3,100	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-67	-11	0	78	0	0	0
Cash flow from operations	392	51,361	87,340	-2,055	-21,051	-27,552	3,747	9,374	22,901	-25,386	34,590	4,464	535
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	-1,008	0	-1,166	-71	-317
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	-1,008	0	-1,166	-71	-317
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-286	250	-2,019	2,055	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	0	0	0	0	0	0	0	0	0	0
share issue	0	0	100	0	-100	0	0	0	0	0	0	0	100
interest	344	112	322	0	53	87	233	199	120	128	107	13	1
cash flow from financing	58	362	-1,597	2,055	-47	87	233	199	120	128	107	13	101
cash and cash equivalents
cash	450	51,723	85,743	0	-21,098	-27,465	3,980	9,573	22,013	-25,258	33,531	4,405	319
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	450	51,723	85,743	0	-21,098	-27,465	3,980	9,573	22,013	-25,258	33,531	4,405	319

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CITADEL SECURE ELECTRONIC SERVICES LTD group structure

Citadel Secure Electronic Services Ltd has no subsidiary companies.

Ultimate parent company

GAMMEXA LTD

09210746

SPUTNIK INTERNET LTD

04679930

2 parents

CITADEL SECURE ELECTRONIC SERVICES LTD

04915928

CITADEL SECURE ELECTRONIC SERVICES LTD Shareholders

sputnik internet ltd

100%

Citadel Secure Electronic Services Ltd currently has 2 directors. The longest serving directors include Mr James Larking (Oct 2005) and Mr Andrew Nicol (Aug 2021).

officer	country	age	start	end	role
Mr James Larking	England	45 years	Oct 2005	-	Director
Mr Andrew Nicol	United Kingdom	50 years	Aug 2021	-	Director

P&L

December 2021

turnover

105.4k

-53%

operating profit

51k

gross margin

73.5%

+0.66%

turnover

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

Balance Sheet

December 2021

net assets

107.6k

+0.63%

total assets

141.9k

-0.24%

cash

137.9k

net assets

Total assets minus all liabilities

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company number

04915928

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

September 2003

accounts

Total Exemption Full

ultimate parent company

GAMMEXA LTD

previous names

thread creative limited (June 2005)

repharm limited (March 2005)

last accounts submitted

December 2021

address

66 moorland road, stockport, cheshire, SK2 7AX

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 did not find charges/mortgages relating to citadel secure electronic services ltd.

citadel secure electronic services ltd Company Information

citadel secure electronic services ltd Estimated Valuation

citadel secure electronic services ltd Estimated Valuation

citadel secure electronic services ltd Estimated Valuation

Citadel Secure Electronic Services Ltd Overview

Citadel Secure Electronic Services Ltd Health Check

CITADEL SECURE ELECTRONIC SERVICES LTD financials

citadel secure electronic services ltd Credit Report and Business Information

Citadel Secure Electronic Services Ltd Competitor Analysis

citadel secure electronic services ltd Ownership

citadel secure electronic services ltd directors

citadel secure electronic services ltd company details

citadel secure electronic services ltd Charges & Mortgages

citadel secure electronic services ltd Companies House Filings - See Documents