Secure Systems Installations Limited

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secure systems installations limited Company Information

Live

EstablishedMicroDeclining

Company Number

05338214

Website

Registered Address

155 a church lane, braintree, CM7 5SB

Industry

Security systems service activities

Telephone

01376345958

Next Accounts Due

December 2025

Group Structure

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Directors

Paul Nield19 Years

Rennie Nield8 Years

Shareholders

paul nield 51%

rennie nield 49%

secure systems installations limited Estimated Valuation

£270.8k

Pomanda estimates the enterprise value of SECURE SYSTEMS INSTALLATIONS LIMITED at £270.8k based on Net Assets of £115.3k and 2.35x industry multiple (adjusted for liquidity).

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Secure Systems Installations Limited is a live company located in braintree, CM7 5SB with a Companies House number of 05338214. It operates in the security systems service activities sector, SIC Code 80200. Founded in January 2005, it's largest shareholder is paul nield with a 51% stake. Secure Systems Installations Limited is a established, micro sized company, Pomanda has estimated its turnover at £328.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Secure Systems Installations Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £328.8k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.9%)

EXPORT

Secure Systems Installations Limited's latest turnover from March 2024 is estimated at £328.8 thousand and the company has net assets of £115.3 thousand. According to their latest financial statements, Secure Systems Installations Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	328,756	623,114	352,672	336,273	308,105	373,687	292,638	326,368	210,311	152,341	174,121	135,973	176,777	115,970	128,369
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	242,962	465,772	266,992	255,174	240,003	282,671	214,677	237,100	150,376	107,818	121,587	93,147	120,684	80,014	83,132
Gross Profit	85,794	157,342	85,681	81,099	68,102	91,017	77,961	89,268	59,936	44,523	52,534	42,825	56,093	35,956	45,237
Admin Expenses	116,457	64,959	83,379	91,119	73,626	67,436	57,949	97,177	45,613	36,056	40,632	51,640	62,652	49,964	-36,046
Operating Profit	-30,663	92,383	2,302	-10,020	-5,524	23,581	20,012	-7,909	14,323	8,467	11,902	-8,815	-6,559	-14,008	81,283
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	41	142	114	82	81	103	101	51
Pre-Tax Profit	-30,663	92,383	2,302	-10,020	-5,524	23,581	20,012	-7,868	14,465	8,581	11,984	-8,734	-6,456	-13,907	81,333
Tax	0	-17,553	-437	0	0	-4,480	-3,802	0	-2,893	-1,716	-2,517	0	0	0	-22,773
Profit After Tax	-30,663	74,830	1,865	-10,020	-5,524	19,101	16,210	-7,868	11,572	6,865	9,467	-8,734	-6,456	-13,907	58,560
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-30,663	74,830	1,865	-10,020	-5,524	19,101	16,210	-7,868	11,572	6,865	9,467	-8,734	-6,456	-13,907	58,560
Employee Costs	76,635	74,159	107,509	107,230	102,640	109,225	140,936	204,249	63,843	57,720	65,646	32,600	72,451	33,706	59,496
Number Of Employees	2	2	3	3	3	3	4	6	2	2	2	1	2	1	2
EBITDA*	-30,663	92,383	2,302	-10,020	-5,524	23,581	20,012	-7,909	18,267	13,163	17,342	-2,201	3,642	-5,357	83,502

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	9,897	15,394	7,109	9,487	11,328	13,799	17,208	11,666	7,319	9,580	11,807	15,323	26,100	21,450	2,156
Intangible Assets	0	0	0	0	0	0	0	0	13,500	15,000	16,500	18,000	19,500	21,000	22,500
Investments & Other	0	0	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	0	0
Total Fixed Assets	9,897	15,394	7,109	9,487	11,328	13,799	17,208	11,666	20,819	24,580	28,307	33,323	45,600	42,450	24,656
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,357
Trade Debtors	151,750	269,307	140,666	136,940	118,568	138,922	102,270	87,295	55,284	38,496	40,392	32,772	44,384	29,292	39,504
Group Debtors	0	0	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	0	0
Cash	0	0	0	0	0	0	0	0	32,630	24,323	21,338	11,269	21,002	20,152	20,231
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	151,750	269,307	140,666	136,940	118,568	138,922	102,270	87,295	87,914	62,819	61,730	44,041	65,386	49,444	62,092
total assets	161,647	284,701	147,775	146,427	129,896	152,721	119,478	98,961	108,733	87,399	90,037	77,364	110,986	91,894	86,748
Bank overdraft	0	0	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	0	0
Trade Creditors	28,784	108,638	43,311	27,161	49,967	62,867	43,714	42,756	49,802	39,588	45,986	36,410	47,502	25,302	27,886
Group/Directors Accounts	0	0	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	0	0
hp & lease commitments	0	0	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	0	0
total current liabilities	28,784	108,638	43,311	27,161	49,967	62,867	43,714	42,756	49,802	39,588	45,986	36,410	47,502	25,302	27,886
loans	0	0	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	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	17,565	30,102	33,333	50,000	643	5,044	10,055	6,706	0	0	2,660	8,326	20,120	17,740	0
provisions	0	0	0	0	0	0	0	0	1,464	1,916	2,361	3,065	5,067	4,099	202
total long term liabilities	17,565	30,102	33,333	50,000	643	5,044	10,055	6,706	1,464	1,916	5,021	11,391	25,187	21,839	202
total liabilities	46,349	138,740	76,644	77,161	50,610	67,911	53,769	49,462	51,266	41,504	51,007	47,801	72,689	47,141	28,088
net assets	115,298	145,961	71,131	69,266	79,286	84,810	65,709	49,499	57,467	45,895	39,030	29,563	38,297	44,753	58,660
total shareholders funds	115,298	145,961	71,131	69,266	79,286	84,810	65,709	49,499	57,467	45,895	39,030	29,563	38,297	44,753	58,660

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-30,663	92,383	2,302	-10,020	-5,524	23,581	20,012	-7,909	14,323	8,467	11,902	-8,815	-6,559	-14,008	81,283
Depreciation	0	0	0	0	0	0	0	0	2,444	3,196	3,940	5,114	8,701	7,151	719
Amortisation	0	0	0	0	0	0	0	0	1,500	1,500	1,500	1,500	1,500	1,500	1,500
Tax	0	-17,553	-437	0	0	-4,480	-3,802	0	-2,893	-1,716	-2,517	0	0	0	-22,773
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,357	2,357
Debtors	-117,557	128,641	3,726	18,372	-20,354	36,652	14,975	32,011	16,788	-1,896	7,620	-11,612	15,092	-10,212	39,504
Creditors	-79,854	65,327	16,150	-22,806	-12,900	19,153	958	-7,046	10,214	-6,398	9,576	-11,092	22,200	-2,584	27,886
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-1,464	-452	-445	-704	-2,002	968	3,897	202
Cash flow from operations	7,040	11,516	14,289	-51,198	1,930	1,602	2,193	-48,430	8,348	6,500	16,077	-3,683	11,718	8,525	46,956
Investing Activities
capital expenditure	5,497	-8,285	2,378	1,841	2,471	3,409	-5,542	9,153	-183	-969	-424	5,663	-13,351	-26,445	-26,875
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5,497	-8,285	2,378	1,841	2,471	3,409	-5,542	9,153	-183	-969	-424	5,663	-13,351	-26,445	-26,875
Financing Activities
Bank loans	0	0	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	0	0
Other Short Term Loans	0	0	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	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-12,537	-3,231	-16,667	49,357	-4,401	-5,011	3,349	6,706	0	-2,660	-5,666	-11,794	2,380	17,740	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	41	142	114	82	81	103	101	51
cash flow from financing	-12,537	-3,231	-16,667	49,357	-4,401	-5,011	3,349	6,647	142	-2,546	-5,584	-11,713	2,483	17,841	151
cash and cash equivalents
cash	0	0	0	0	0	0	0	-32,630	8,307	2,985	10,069	-9,733	850	-79	20,231
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-32,630	8,307	2,985	10,069	-9,733	850	-79	20,231

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SECURE SYSTEMS INSTALLATIONS LIMITED group structure

Secure Systems Installations Limited has no subsidiary companies.

Ultimate parent company

SECURE SYSTEMS INSTALLATIONS LIMITED

05338214

SECURE SYSTEMS INSTALLATIONS LIMITED Shareholders

paul nield	51%
rennie nield	49%

Secure Systems Installations Limited currently has 2 directors. The longest serving directors include Mr Paul Nield (Jan 2005) and Rennie Nield (Jan 2016).

officer	country	age	start	end	role
Mr Paul Nield	England	57 years	Jan 2005	-	Director
Rennie Nield	England	58 years	Jan 2016	-	Director

P&L

March 2024

turnover

328.8k

-47%

operating profit

-30.7k

gross margin

26.1%

+3.35%

turnover

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

Balance Sheet

March 2024

net assets

115.3k

-0.21%

total assets

161.6k

-0.43%

cash

net assets

Total assets minus all liabilities

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company number

05338214

Type

Private limited with Share Capital

industry

80200 - Security systems service activities

incorporation date

January 2005

ultimate parent company

None

previous names

N/A

address

155 a church lane, braintree, CM7 5SB

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.

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secure systems installations limited Company Information

secure systems installations limited Estimated Valuation

secure systems installations limited Estimated Valuation

secure systems installations limited Estimated Valuation

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