sip building systems limited

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sip building systems limited Company Information

Share SIP BUILDING SYSTEMS LIMITED

Company Number

05308155

Directors

Leslie Nixon

Kevin Platt

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Shareholders

sip group holdings limited

Group Structure

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Industry

Other construction installation

 

Registered Address

unit 1, the bond hammond road, knowsley industrial park, liverpool, merseyside, L33 7UL

sip building systems limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of SIP BUILDING SYSTEMS LIMITED at £1.9m based on a Turnover of £4m and 0.47x industry multiple (adjusted for size and gross margin).

sip building systems limited Estimated Valuation

£773k

Pomanda estimates the enterprise value of SIP BUILDING SYSTEMS LIMITED at £773k based on an EBITDA of £175.5k and a 4.4x industry multiple (adjusted for size and gross margin).

sip building systems limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of SIP BUILDING SYSTEMS LIMITED at £3.2m based on Net Assets of £1.1m and 3.06x industry multiple (adjusted for liquidity).

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Sip Building Systems Limited Overview

Sip Building Systems Limited is a live company located in liverpool, L33 7UL with a Companies House number of 05308155. It operates in the other construction installation sector, SIC Code 43290. Founded in December 2004, it's largest shareholder is sip group holdings limited with a 100% stake. Sip Building Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.

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Sip Building Systems Limited Health Check

Pomanda's financial health check has awarded Sip Building Systems Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

6 Regular

positive_score

3 Weak

size

Size

annual sales of £4m, make it larger than the average company (£973k)

£4m - Sip Building Systems Limited

£973k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (12.1%)

13% - Sip Building Systems Limited

12.1% - Industry AVG

production

Production

with a gross margin of 28.1%, this company has a comparable cost of product (28.1%)

28.1% - Sip Building Systems Limited

28.1% - Industry AVG

profitability

Profitability

an operating margin of 1% make it less profitable than the average company (6.8%)

1% - Sip Building Systems Limited

6.8% - Industry AVG

employees

Employees

with 24 employees, this is above the industry average (9)

24 - Sip Building Systems Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.3k, the company has an equivalent pay structure (£42.3k)

£42.3k - Sip Building Systems Limited

£42.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £166.6k, this is equally as efficient (£173.8k)

£166.6k - Sip Building Systems Limited

£173.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is near the average (54 days)

59 days - Sip Building Systems Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 70 days, this is slower than average (40 days)

70 days - Sip Building Systems Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 31 days, this is more than average (19 days)

31 days - Sip Building Systems Limited

19 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (25 weeks)

4 weeks - Sip Building Systems Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56.1%, this is a similar level of debt than the average (60.5%)

56.1% - Sip Building Systems Limited

60.5% - Industry AVG

SIP BUILDING SYSTEMS LIMITED financials

EXPORTms excel logo

Sip Building Systems Limited's latest turnover from March 2024 is estimated at £4 million and the company has net assets of £1.1 million. According to their latest financial statements, Sip Building Systems Limited has 24 employees and maintains cash reserves of £94.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover3,998,6903,896,3724,077,8282,788,1993,913,5764,826,2663,173,4532,978,0172,923,0123,705,3763,928,0894,075,2232,923,3525,563,7114,300,651
Other Income Or Grants
Cost Of Sales2,876,6532,825,3222,968,4622,003,7962,810,2903,483,1662,282,9112,107,0052,082,0562,622,4772,846,9682,947,3502,061,3183,809,7142,958,845
Gross Profit1,122,0371,071,0501,109,366784,4031,103,2861,343,100890,542871,012840,9561,082,8991,081,1211,127,873862,0331,753,9971,341,806
Admin Expenses1,081,4431,313,915616,101863,386956,8791,086,754611,910434,395470,330815,520893,068928,225777,8161,584,6792,292,902
Operating Profit40,594-242,865493,265-78,983146,407256,346278,632436,617370,626267,379188,053199,64884,217169,318-951,096
Interest Payable1,6881,525
Interest Receivable5,9126,8402,364220103401,0584811124030941479426
Pre-Tax Profit46,505-236,025493,941-80,288146,416256,686279,690437,099370,738267,419188,083199,74284,364169,413-951,070
Tax-11,626-93,849-27,819-48,770-53,141-87,420-74,147-56,158-43,259-47,938-21,935-47,435
Profit After Tax34,879-236,025400,092-80,288118,597207,916226,549349,679296,590211,261144,824151,80462,429121,977-951,070
Dividends Paid
Retained Profit34,879-236,025400,092-80,288118,597207,916226,549349,679296,590211,261144,824151,80462,429121,977-951,070
Employee Costs1,014,2581,213,2371,124,444925,531987,465970,127838,922755,796567,837811,294848,181945,163694,9551,534,6061,156,506
Number Of Employees243028242424222116232529214734
EBITDA*175,542-129,874612,68144,472264,369335,996315,251467,802417,618332,811248,514260,113142,863227,866-888,633

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets954,081876,422834,299950,0361,059,8741,089,04777,85771,39877,428124,420166,620204,211262,208261,220310,061
Intangible Assets
Investments & Other300,000300,000300,000
Debtors (Due After 1 year)122,768202,915260,873354,135385,146
Total Fixed Assets954,081876,4221,134,2991,250,0361,359,8741,089,04777,85771,39877,428124,420289,388407,126523,081615,355695,207
Stock & work in progress252,102457,928402,004264,282306,517318,644280,059144,992201,12677,789167,554174,247218,155359,890192,464
Trade Debtors655,120434,664550,900345,376557,237844,457390,907418,501313,217449,473576,439572,790424,785750,498645,788
Group Debtors
Misc Debtors460,092433,891302,691375,219443,357634,718640,907141,394127,282
Cash94,229130,979190,902439,40173118,29872,451350,86234,24410,4525,5536,54331,24027,46610,295
misc current assets
total current assets1,461,5431,457,4621,446,4971,424,2781,307,8421,816,1171,384,3241,055,749675,869537,714749,546753,580674,1801,137,854848,547
total assets2,415,6242,333,8842,580,7962,674,3142,667,7162,905,1641,462,1811,127,147753,297662,1341,038,9341,160,7061,197,2611,753,2091,543,754
Bank overdraft8,705
Bank loan
Trade Creditors 555,669610,175534,339473,064547,094767,820391,982408,694467,371920,709740,960693,812385,978899,823594,195
Group/Directors Accounts
other short term finances
hp & lease commitments67,81952,19265,02379,72866,64654,859
other current liabilities551,991535,365636,6341,052,733896,6621,012,709425,553330,759247,911
total current liabilities1,175,4791,197,7321,235,9961,614,2301,510,4021,835,388847,417739,453715,282920,709740,960693,812385,978899,823594,195
loans41,295
hp & lease commitments102,24042,07228,33193,354146,180187,287
Accruals and Deferred Income
other liabilities767,8101,081,5541,577,7471,682,2791,900,429
provisions78,49169,54555,90964,96770,37860,330521
total long term liabilities180,731111,61784,240199,616216,558247,617521767,8101,081,5541,577,7471,682,2791,900,429
total liabilities1,356,2101,309,3491,320,2361,813,8461,726,9602,083,005847,938739,453715,282920,7091,508,7701,775,3661,963,7252,582,1022,494,624
net assets1,059,4141,024,5351,260,560860,468940,756822,159614,243387,69438,015-258,575-469,836-614,660-766,464-828,893-950,870
total shareholders funds1,059,4141,024,5351,260,560860,468940,756822,159614,243387,69438,015-258,575-469,836-614,660-766,464-828,893-950,870
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit40,594-242,865493,265-78,983146,407256,346278,632436,617370,626267,379188,053199,64884,217169,318-951,096
Depreciation134,948112,991119,416123,455117,96279,65036,61931,18546,99265,43260,46160,46558,64658,54862,463
Amortisation
Tax-11,626-93,849-27,819-48,770-53,141-87,420-74,147-56,158-43,259-47,938-21,935-47,435
Stock-205,82655,924137,722-42,235-12,12738,585135,067-56,134123,337-89,765-6,693-43,908-141,735167,426192,464
Debtors246,65714,964132,996-279,999-478,581447,361471,919119,396-8,974-249,734-76,49890,047-418,97573,6991,030,934
Creditors-54,50675,83661,275-74,030-220,726375,838-16,712-58,677-453,338179,74947,148307,834-513,845305,628594,195
Accruals and Deferred Income16,626-101,269-416,099156,071-116,047587,15694,79482,848247,911
Deferred Taxes & Provisions8,94613,636-9,058-5,41110,04859,809521
Cash flow from operations94,151-212,559-115,768443,336400,533824,083-266,273341,29123,681795,901335,594473,870167,793244,934-1,517,836
Investing Activities
capital expenditure-212,607-155,114-3,679-13,617-88,789-1,090,840-43,078-25,155-23,232-22,870-2,468-59,634-9,707-372,524
Change in Investments-300,000300,000
cash flow from investments-212,607144,886-3,679-13,617-388,789-1,090,840-43,078-25,155-23,232-22,870-2,468-59,634-9,707-372,524
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-41,29541,295
Hire Purchase and Lease Commitments75,795910-79,728-39,744-29,320242,146
other long term liabilities-767,810-313,744-496,193-104,532-218,1501,900,429
share issue200
interest5,9126,840676-1,305103401,0584811124030941479426
cash flow from financing81,7077,750-120,347246-29,310242,4861,058481112-767,770-313,714-496,099-104,385-218,0561,900,655
cash and cash equivalents
cash-36,750-59,923-248,499438,670-17,567-54,153-278,411316,61823,7924,899-990-24,6973,77417,17110,295
overdraft-8,7058,705
change in cash-36,750-59,923-239,794429,965-17,567-54,153-278,411316,61823,7924,899-990-24,6973,77417,17110,295

sip building systems limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sip Building Systems Limited Competitor Analysis

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Perform a competitor analysis for sip building systems limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in L33 area or any other competitors across 12 key performance metrics.

sip building systems limited Ownership

SIP BUILDING SYSTEMS LIMITED group structure

Sip Building Systems Limited has no subsidiary companies.

Ultimate parent company

1 parent

SIP BUILDING SYSTEMS LIMITED

05308155

SIP BUILDING SYSTEMS LIMITED Shareholders

sip group holdings limited 100%

sip building systems limited directors

Sip Building Systems Limited currently has 4 directors. The longest serving directors include Mr Leslie Nixon (May 2005) and Mr Kevin Platt (Oct 2018).

officercountryagestartendrole
Mr Leslie NixonWales73 years May 2005- Director
Mr Kevin PlattUnited Kingdom43 years Oct 2018- Director
Mr Peter BarrUnited Kingdom49 years Oct 2018- Director
Mr Paul PostleWales46 years Sep 2021- Director

P&L

March 2024

turnover

4m

+3%

operating profit

40.6k

0%

gross margin

28.1%

+2.08%

turnover

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

Balance Sheet

March 2024

net assets

1.1m

+0.03%

total assets

2.4m

+0.04%

cash

94.2k

-0.28%

net assets

Total assets minus all liabilities

sip building systems limited company details

company number

05308155

Type

Private limited with Share Capital

industry

43290 - Other construction installation

incorporation date

December 2004

age

21

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

C A HUNTER LIMITED

auditor

-

address

unit 1, the bond hammond road, knowsley industrial park, liverpool, merseyside, L33 7UL

Bank

-

Legal Advisor

-

sip building 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 5 charges/mortgages relating to sip building systems limited. Currently there are 4 open charges and 1 have been satisfied in the past.

sip building systems limited 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 SIP BUILDING SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.

sip building systems limited Companies House Filings - See Documents

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