safestart ltd
safestart ltd Company Information
Company Number
05269173
Next Accounts
Jul 2025
Directors
Shareholders
ofer mor
shakhed mor
View AllGroup Structure
View All
Industry
Electrical installation
Registered Address
34 holders hill drive, hendon, london, NW4 1NJ
Website
safestart.comsafestart ltd Estimated Valuation
Pomanda estimates the enterprise value of SAFESTART LTD at £113.3k based on a Turnover of £288k and 0.39x industry multiple (adjusted for size and gross margin).
safestart ltd Estimated Valuation
Pomanda estimates the enterprise value of SAFESTART LTD at £0 based on an EBITDA of £-26k and a 4.18x industry multiple (adjusted for size and gross margin).
safestart ltd Estimated Valuation
Pomanda estimates the enterprise value of SAFESTART LTD at £71.2k based on Net Assets of £29.1k and 2.45x industry multiple (adjusted for liquidity).
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Safestart Ltd Overview
Safestart Ltd is a live company located in london, NW4 1NJ with a Companies House number of 05269173. It operates in the electrical installation sector, SIC Code 43210. Founded in October 2004, it's largest shareholder is ofer mor with a 80% stake. Safestart Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £288k with rapid growth in recent years.
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Safestart Ltd Health Check
Pomanda's financial health check has awarded Safestart Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
3 Weak
Size
annual sales of £288k, make it smaller than the average company (£1.7m)
- Safestart Ltd
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 88%, show it is growing at a faster rate (8.4%)
- Safestart Ltd
8.4% - Industry AVG
Production
with a gross margin of 26.1%, this company has a comparable cost of product (26.1%)
- Safestart Ltd
26.1% - Industry AVG
Profitability
an operating margin of -9.1% make it less profitable than the average company (6.6%)
- Safestart Ltd
6.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
2 - Safestart Ltd
16 - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Safestart Ltd
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £144k, this is equally as efficient (£144k)
- Safestart Ltd
£144k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Safestart Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Safestart Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Safestart Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 85 weeks, this is more cash available to meet short term requirements (22 weeks)
85 weeks - Safestart Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.5%, this is a similar level of debt than the average (58.9%)
59.5% - Safestart Ltd
58.9% - Industry AVG
SAFESTART LTD financials
Safestart Ltd's latest turnover from October 2023 is estimated at £288 thousand and the company has net assets of £29.1 thousand. According to their latest financial statements, Safestart Ltd has 2 employees and maintains cash reserves of £69.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,645 | 569 | 711 | 947 | 1,379 | 1,813 | 1,357 | 1,785 | 2,321 | 2,990 | 3,024 | 3,492 | 3,596 | 4,544 | 4,963 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,645 | 569 | 711 | 947 | 1,379 | 1,813 | 1,357 | 1,785 | 2,321 | 2,990 | 3,024 | 3,492 | 3,596 | 4,544 | 4,963 |
| Stock & work in progress | 1,160 | 265 | 340 | 770 | 680 | 1,040 | 820 | 2,065 | 3,210 | ||||||
| Trade Debtors | 687 | 2,813 | 1,060 | 1,080 | 3,564 | 3,192 | 204 | 824 | 3,253 | 2,525 | 2,887 | 12,350 | 20,051 | ||
| Group Debtors | 125,000 | ||||||||||||||
| Misc Debtors | 260 | 236 | 226 | 226 | 221 | 216 | 211 | 214 | |||||||
| Cash | 69,867 | 82,343 | 3,800 | 96,296 | 52,430 | 42,244 | 17,014 | 14,666 | 8,745 | 1,034 | 5,407 | 6,734 | 11,677 | 53,273 | 19,529 |
| misc current assets | |||||||||||||||
| total current assets | 70,127 | 83,266 | 131,839 | 97,582 | 54,891 | 46,024 | 20,417 | 15,145 | 9,289 | 2,628 | 9,340 | 10,299 | 15,384 | 67,688 | 42,790 |
| total assets | 71,772 | 83,835 | 132,550 | 98,529 | 56,270 | 47,837 | 21,774 | 16,930 | 11,610 | 5,618 | 12,364 | 13,791 | 18,980 | 72,232 | 47,753 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1 | 15,545 | 1,552 | 4,074 | 5,117 | 13,378 | 68,763 | 41,351 | |||||||
| Group/Directors Accounts | 17,910 | 31,873 | 65,964 | 38,323 | 47,507 | 39,121 | 28,546 | 24,092 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 24,768 | 666 | 3,785 | 10,541 | 867 | 1,396 | 618 | 618 | |||||||
| total current liabilities | 42,678 | 32,539 | 69,749 | 48,864 | 48,375 | 40,517 | 29,164 | 24,710 | 15,545 | 1,552 | 4,074 | 5,117 | 13,378 | 68,763 | 41,351 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 42,678 | 32,539 | 69,749 | 48,864 | 48,375 | 40,517 | 29,164 | 24,710 | 15,545 | 1,552 | 4,074 | 5,117 | 13,378 | 68,763 | 41,351 |
| net assets | 29,094 | 51,296 | 62,801 | 49,665 | 7,895 | 7,320 | -7,390 | -7,780 | -3,935 | 4,066 | 8,290 | 8,674 | 5,602 | 3,469 | 6,402 |
| total shareholders funds | 29,094 | 51,296 | 62,801 | 49,665 | 7,895 | 7,320 | -7,390 | -7,780 | -3,935 | 4,066 | 8,290 | 8,674 | 5,602 | 3,469 | 6,402 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 219 | 142 | 236 | 432 | 434 | 544 | 428 | 536 | 669 | 747 | 738 | 924 | 948 | 1,186 | 1,240 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -1,160 | 1,160 | -265 | -75 | -430 | 90 | -360 | 220 | -1,245 | -1,145 | 3,210 | ||||
| Debtors | -663 | -127,116 | 126,753 | -15 | -2,479 | 377 | 3,189 | 10 | -620 | -2,429 | 728 | -362 | -9,463 | -7,701 | 20,051 |
| Creditors | -1 | 1 | -15,545 | 13,993 | -2,522 | -1,043 | -8,261 | -55,385 | 27,412 | 41,351 | |||||
| Accruals and Deferred Income | 24,102 | -3,119 | -6,756 | 9,674 | -529 | 778 | 618 | ||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -13,963 | -34,091 | 27,641 | -9,184 | 8,386 | 10,575 | 4,454 | 24,092 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -12,476 | 78,543 | -92,496 | 43,866 | 10,186 | 25,230 | 2,348 | 5,921 | 7,711 | -4,373 | -1,327 | -4,943 | -41,596 | 33,744 | 19,529 |
| overdraft | |||||||||||||||
| change in cash | -12,476 | 78,543 | -92,496 | 43,866 | 10,186 | 25,230 | 2,348 | 5,921 | 7,711 | -4,373 | -1,327 | -4,943 | -41,596 | 33,744 | 19,529 |
safestart ltd Credit Report and Business Information
Safestart Ltd Competitor Analysis
Perform a competitor analysis for safestart ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in NW4 area or any other competitors across 12 key performance metrics.
safestart ltd Ownership
SAFESTART LTD group structure
Safestart Ltd has no subsidiary companies.
Ultimate parent company
SAFESTART LTD
05269173
safestart ltd directors
Safestart Ltd currently has 1 director, Mr Ofer Mor serving since Oct 2004.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ofer Mor | England | 58 years | Oct 2004 | - | Director |
P&L
October 2023turnover
288k
+200%
operating profit
-26.2k
0%
gross margin
26.1%
+3.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
29.1k
-0.43%
total assets
71.8k
-0.14%
cash
69.9k
-0.15%
net assets
Total assets minus all liabilities
safestart ltd company details
company number
05269173
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
October 2004
age
21
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
DICKER ECONOMOU & CO
auditor
-
address
34 holders hill drive, hendon, london, NW4 1NJ
Bank
-
Legal Advisor
-
safestart 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 safestart ltd.
safestart 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.
Click to start generating capital raising & share issue transactions for SAFESTART LTD. This can take several minutes, an email will notify you when this has completed.
safestart ltd Companies House Filings - See Documents
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