system ltd
system ltd Company Information
Company Number
05261430
Next Accounts
Sep 2025
Shareholders
system logistics s.p.a. rea: mo-367121
Group Structure
View All
Industry
Installation of industrial machinery and equipment
+1Registered Address
19 the circle, queen elizabeth street, london, SE1 2JE
Website
www.systemsltd.comsystem ltd Estimated Valuation
Pomanda estimates the enterprise value of SYSTEM LTD at £1.4m based on a Turnover of £3.9m and 0.34x industry multiple (adjusted for size and gross margin).
system ltd Estimated Valuation
Pomanda estimates the enterprise value of SYSTEM LTD at £0 based on an EBITDA of £-496.3k and a 3.05x industry multiple (adjusted for size and gross margin).
system ltd Estimated Valuation
Pomanda estimates the enterprise value of SYSTEM LTD at £0 based on Net Assets of £-2.6m and 2.51x industry multiple (adjusted for liquidity).
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System Ltd Overview
System Ltd is a live company located in london, SE1 2JE with a Companies House number of 05261430. It operates in the installation of industrial machinery and equipment sector, SIC Code 33200. Founded in October 2004, it's largest shareholder is system logistics s.p.a. rea: mo-367121 with a 100% stake. System Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with declining growth in recent years.
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System Ltd Health Check
Pomanda's financial health check has awarded System Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
8 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£6.6m)
£3.9m - System Ltd
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (7.4%)
-31% - System Ltd
7.4% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (30.1%)
9.5% - System Ltd
30.1% - Industry AVG
Profitability
an operating margin of -12.7% make it less profitable than the average company (4.9%)
-12.7% - System Ltd
4.9% - Industry AVG
Employees
with 8 employees, this is below the industry average (38)
8 - System Ltd
38 - Industry AVG
Pay Structure
on an average salary of £24.4k, the company has a lower pay structure (£55k)
£24.4k - System Ltd
£55k - Industry AVG
Efficiency
resulting in sales per employee of £490.7k, this is more efficient (£166k)
£490.7k - System Ltd
£166k - Industry AVG
Debtor Days
it gets paid by customers after 258 days, this is later than average (69 days)
258 days - System Ltd
69 days - Industry AVG
Creditor Days
its suppliers are paid after 524 days, this is slower than average (38 days)
524 days - System Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - System Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (14 weeks)
6 weeks - System Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 165.2%, this is a higher level of debt than the average (56.1%)
165.2% - System Ltd
56.1% - Industry AVG
SYSTEM LTD financials
System Ltd's latest turnover from December 2023 is £3.9 million and the company has net assets of -£2.6 million. According to their latest financial statements, System Ltd has 8 employees and maintains cash reserves of £808.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 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 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,925,921 | 7,383,915 | 5,329,999 | 12,012,945 | 139,258 | |||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 3,552,464 | 7,214,225 | 4,289,868 | 13,400,690 | 25,936 | 92,227 | ||||||||||
| Gross Profit | 373,457 | 169,690 | 1,040,131 | -1,387,745 | -25,936 | 47,031 | ||||||||||
| Admin Expenses | 870,907 | 937,243 | 745,108 | 153,767 | 16,312 | 13,672 | -15,794 | |||||||||
| Operating Profit | -497,450 | -767,553 | 295,023 | -1,541,512 | -16,312 | -39,608 | 62,825 | |||||||||
| Interest Payable | 36,646 | 26,656 | 13,209 | 811 | 3,138 | 404 | 5,071 | |||||||||
| Interest Receivable | 95 | |||||||||||||||
| Pre-Tax Profit | -534,096 | -794,209 | 281,909 | -1,542,323 | -19,450 | -40,012 | 57,754 | |||||||||
| Tax | ||||||||||||||||
| Profit After Tax | -534,096 | -794,209 | 281,909 | -1,542,323 | -19,450 | -40,012 | 57,754 | |||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | -534,096 | -794,209 | 281,909 | -1,542,323 | -19,450 | -40,012 | 57,754 | |||||||||
| Employee Costs | 195,109 | 115,580 | 196,729 | 157,847 | ||||||||||||
| Number Of Employees | 8 | 3 | 3 | 1 | 2 | 2 | ||||||||||
| EBITDA* | -496,346 | -766,449 | 295,946 | -1,541,232 | -16,312 | -39,608 | 62,825 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 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 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,088 | 3,192 | 4,296 | 1,589 | 846 | 1,058 | ||||||||||
| Intangible Assets | ||||||||||||||||
| Investments & Other | ||||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 2,088 | 3,192 | 4,296 | 1,589 | 846 | 1,058 | ||||||||||
| Stock & work in progress | 3,088 | 3,088 | ||||||||||||||
| Trade Debtors | 2,778,687 | 3,477,659 | 6,406,450 | 5,876,095 | 3,728,027 | 1,256,153 | 6,383 | 30,805 | 21,641 | 755,323 | 3,061,171 | 12,057 | 160,228 | 5,969 | ||
| Group Debtors | 23,125 | 123,808 | 12,689 | |||||||||||||
| Misc Debtors | 332,605 | 1,342,394 | 2,182,666 | 150,563 | 3,357,554 | 1,020 | 1,850 | |||||||||
| Cash | 808,500 | 750,427 | 636,577 | 545,766 | 321,395 | 35,578 | 44,172 | 44,608 | 237,506 | 21,894 | 262,644 | 717,390 | 52,704 | |||
| misc current assets | ||||||||||||||||
| total current assets | 3,942,917 | 5,694,288 | 9,238,382 | 6,572,424 | 7,406,976 | 1,292,751 | 52,405 | 75,413 | 259,147 | 777,217 | 3,323,815 | 729,447 | 216,020 | 9,057 | ||
| total assets | 3,945,005 | 5,697,480 | 9,242,678 | 6,574,013 | 7,406,976 | 1,292,751 | 52,405 | 75,413 | 259,147 | 777,217 | 3,323,815 | 729,447 | 216,866 | 10,115 | ||
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 5,105,577 | 2,922,290 | 4,848,416 | 5,298,527 | 393,926 | 1,135,399 | 41,054 | 196,269 | 339,991 | 915,815 | 3,436,629 | 880,260 | 229,913 | 45,112 | ||
| Group/Directors Accounts | 750,000 | 750,000 | 1,921,550 | 284,047 | 151,657 | |||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 660,956 | 4,062,622 | 3,715,935 | 2,049,660 | 6,995,859 | 427 | ||||||||||
| total current liabilities | 6,516,533 | 7,734,912 | 10,485,901 | 7,348,187 | 7,389,785 | 1,419,873 | 192,711 | 196,269 | 339,991 | 915,815 | 3,436,629 | 880,260 | 229,913 | 45,112 | ||
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | ||||||||||||||||
| provisions | 750,958 | |||||||||||||||
| total long term liabilities | 750,958 | |||||||||||||||
| total liabilities | 6,516,533 | 7,734,912 | 10,485,901 | 8,099,145 | 7,389,785 | 1,419,873 | 192,711 | 196,269 | 339,991 | 915,815 | 3,436,629 | 880,260 | 229,913 | 45,112 | ||
| net assets | -2,571,528 | -2,037,432 | -1,243,223 | -1,525,132 | 17,191 | -127,122 | -140,306 | -120,856 | -80,844 | -138,598 | -112,814 | -150,813 | -13,047 | -34,997 | ||
| total shareholders funds | -2,571,528 | -2,037,432 | -1,243,223 | -1,525,132 | 17,191 | -127,122 | -140,306 | -120,856 | -80,844 | -138,598 | -112,814 | -150,813 | -13,047 | -34,997 |
| Dec 2023 | Dec 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 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | -497,450 | -767,553 | 295,023 | -1,541,512 | -16,312 | -39,608 | 62,825 | |||||||||
| Depreciation | 1,104 | 1,104 | 923 | 280 | 846 | 212 | 37 | |||||||||
| Amortisation | ||||||||||||||||
| Tax | ||||||||||||||||
| Stock | -3,088 | 3,088 | ||||||||||||||
| Debtors | -1,809,444 | -3,657,944 | 2,575,147 | -1,058,923 | 5,828,408 | 1,248,940 | -22,572 | 9,164 | -733,682 | -2,305,848 | 3,049,114 | -148,171 | 154,259 | 5,969 | ||
| Creditors | 2,183,287 | -1,926,126 | -450,111 | 4,904,601 | -741,473 | 1,094,345 | -155,215 | -143,722 | -575,824 | -2,520,814 | 2,556,369 | 650,347 | 184,801 | 45,112 | ||
| Accruals and Deferred Income | -3,401,666 | 346,687 | 1,666,275 | -4,946,199 | 6,995,432 | 427 | ||||||||||
| Deferred Taxes & Provisions | -750,958 | 750,958 | ||||||||||||||
| Cash flow from operations | 94,719 | 1,312,056 | -1,813,995 | 227,051 | -148,955 | -192,494 | 220,683 | |||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | ||||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | -1,171,550 | 1,921,550 | -284,047 | 132,390 | 151,657 | |||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | -36,646 | -26,656 | -13,114 | -811 | -3,138 | -404 | -5,071 | |||||||||
| cash flow from financing | -36,646 | -1,198,206 | 1,908,436 | -811 | 148,519 | -404 | -5,071 | |||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | 58,073 | 113,850 | 90,811 | 224,371 | 285,817 | -8,594 | -436 | -192,898 | 215,612 | -240,750 | -454,746 | 664,686 | 52,704 | |||
| overdraft | ||||||||||||||||
| change in cash | 58,073 | 113,850 | 90,811 | 224,371 | 285,817 | -8,594 | -436 | -192,898 | 215,612 | -240,750 | -454,746 | 664,686 | 52,704 |
system ltd Credit Report and Business Information
System Ltd Competitor Analysis
Perform a competitor analysis for system ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
system ltd Ownership
SYSTEM LTD group structure
System Ltd has no subsidiary companies.
Ultimate parent company
SYSTEM LOGISTICS SPA
#0078113
1 parent
SYSTEM LTD
05261430
system ltd directors
System Ltd currently has 3 directors. The longest serving directors include Mr Umberto Coruzzi (Jul 2016) and Mr Luca Canali (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Umberto Coruzzi | England | 62 years | Jul 2016 | - | Director |
| Mr Luca Canali | England | 48 years | Apr 2021 | - | Director |
| Mr Yuba Neupane | England | 47 years | Apr 2021 | - | Director |
P&L
December 2023turnover
3.9m
-47%
operating profit
-497.5k
-35%
gross margin
9.6%
+313.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.6m
+0.26%
total assets
3.9m
-0.31%
cash
808.5k
+0.08%
net assets
Total assets minus all liabilities
system ltd company details
company number
05261430
Type
Private limited with Share Capital
industry
33200 - Installation of industrial machinery and equipment
71121 - Engineering design activities for industrial process and production
incorporation date
October 2004
age
21
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BKL AUDIT LLP
address
19 the circle, queen elizabeth street, london, SE1 2JE
Bank
-
Legal Advisor
-
system 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 did not find charges/mortgages relating to system ltd.
system ltd 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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system ltd Companies House Filings - See Documents
| date | description | view/download |
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