solid state logic uk limited

solid state logic uk limited Company Information

Share SOLID STATE LOGIC UK LIMITED
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EstablishedLargeHealthy

Company Number

05362730

Industry

Support activities to performing arts

 

Manufacture of other electrical equipment

 

Shareholders

solid state logic holdings ltd

Group Structure

View All

Contact

Registered Address

25 spring hill road, begbroke, kidlington oxford, oxfordshire, OX5 1RU

solid state logic uk limited Estimated Valuation

£66.7m

Pomanda estimates the enterprise value of SOLID STATE LOGIC UK LIMITED at £66.7m based on a Turnover of £41.5m and 1.6x industry multiple (adjusted for size and gross margin).

solid state logic uk limited Estimated Valuation

£264.4m

Pomanda estimates the enterprise value of SOLID STATE LOGIC UK LIMITED at £264.4m based on an EBITDA of £16.5m and a 16.05x industry multiple (adjusted for size and gross margin).

solid state logic uk limited Estimated Valuation

£55.5m

Pomanda estimates the enterprise value of SOLID STATE LOGIC UK LIMITED at £55.5m based on Net Assets of £33.2m and 1.67x industry multiple (adjusted for liquidity).

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Solid State Logic Uk Limited Overview

Solid State Logic Uk Limited is a live company located in kidlington oxford, OX5 1RU with a Companies House number of 05362730. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in February 2005, it's largest shareholder is solid state logic holdings ltd with a 100% stake. Solid State Logic Uk Limited is a established, large sized company, Pomanda has estimated its turnover at £41.5m with healthy growth in recent years.

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Solid State Logic Uk Limited Health Check

Pomanda's financial health check has awarded Solid State Logic Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

9 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

annual sales of £41.5m, make it larger than the average company (£7m)

£41.5m - Solid State Logic Uk Limited

£7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.1%)

15% - Solid State Logic Uk Limited

10.1% - Industry AVG

production

Production

with a gross margin of 54.2%, this company has a lower cost of product (37.2%)

54.2% - Solid State Logic Uk Limited

37.2% - Industry AVG

profitability

Profitability

an operating margin of 34.4% make it more profitable than the average company (5.5%)

34.4% - Solid State Logic Uk Limited

5.5% - Industry AVG

employees

Employees

with 125 employees, this is above the industry average (44)

125 - Solid State Logic Uk Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £52k, the company has a higher pay structure (£40.3k)

£52k - Solid State Logic Uk Limited

£40.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £332.3k, this is more efficient (£133.6k)

£332.3k - Solid State Logic Uk Limited

£133.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 10 days, this is earlier than average (37 days)

10 days - Solid State Logic Uk Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is slower than average (29 days)

44 days - Solid State Logic Uk Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 375 days, this is more than average (73 days)

375 days - Solid State Logic Uk Limited

73 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (61 weeks)

21 weeks - Solid State Logic Uk Limited

61 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.4%, this is a lower level of debt than the average (34.3%)

21.4% - Solid State Logic Uk Limited

34.3% - Industry AVG

SOLID STATE LOGIC UK LIMITED financials

EXPORTms excel logo

Solid State Logic Uk Limited's latest turnover from March 2024 is £41.5 million and the company has net assets of £33.2 million. According to their latest financial statements, Solid State Logic Uk Limited has 125 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover41,537,00040,635,00035,729,00027,510,00022,279,00024,109,00024,310,00020,793,00020,029,00018,896,00020,877,00019,628,00020,141,00023,696,00017,775,000
Other Income Or Grants000000000000000
Cost Of Sales19,006,00020,017,00016,762,00013,958,00010,128,00011,118,0009,851,0008,243,0008,303,0007,843,0008,509,0008,110,0008,809,0009,303,0007,349,000
Gross Profit22,531,00020,618,00018,967,00013,552,00012,151,00012,991,00014,459,00012,550,00011,726,00011,053,00012,368,00011,518,00011,332,00014,393,00010,426,000
Admin Expenses8,229,0007,091,0007,266,0008,019,0006,913,00010,912,00014,364,00012,507,00011,189,00011,387,00011,425,00011,127,00012,132,00013,399,00012,393,000
Operating Profit14,302,00013,527,00011,701,0005,533,0005,238,0002,079,00095,00043,000537,000-334,000943,000391,000-800,000994,000-1,967,000
Interest Payable21,00011,0007,00066,000285,000334,00096,00068,00045,00069,00079,00073,00098,000126,000177,000
Interest Receivable2,863,0001,575,000524,000285,000302,000348,000000000000
Pre-Tax Profit17,144,00015,091,00012,218,0005,752,0005,255,0002,093,000-163,000-47,000443,000-457,000595,000149,00045,000868,000-2,434,000
Tax-1,988,000-551,000-418,000-239,000-738,00013,000585,000310,000258,000274,000145,000118,000145,000-69,000348,000
Profit After Tax15,156,00014,540,00011,800,0005,513,0004,517,0002,106,000422,000263,000701,000-183,000740,000267,000190,000799,000-2,086,000
Dividends Paid27,451,00001,200,0000000394,000250,000000000
Retained Profit-12,295,00014,540,00010,600,0005,513,0004,517,0002,106,000422,000-131,000451,000-183,000740,000267,000190,000799,000-2,086,000
Employee Costs6,497,0006,345,0005,132,0006,443,0005,444,0006,998,0009,107,0007,351,0006,594,0006,614,0006,782,0006,387,0006,173,0006,241,0006,310,000
Number Of Employees125119112112115128154142135139131133130139127
EBITDA*16,477,00015,486,00013,437,0006,970,0006,287,0003,301,000694,000641,0001,187,000284,0001,469,000876,000-316,0001,613,000-1,161,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets833,000783,000761,000965,000775,000570,0001,294,000796,000421,000629,000508,000300,000240,000436,000430,000
Intangible Assets3,891,0003,574,0003,154,0002,680,0002,190,0001,583,00010,00027,000204,000390,000639,000875,0001,155,0001,436,0001,725,000
Investments & Other000000000000000
Debtors (Due After 1 year)9,847,00022,818,00015,365,000000000000000
Total Fixed Assets14,571,00027,175,00019,280,0003,645,0002,965,0002,153,0001,304,000823,000625,0001,019,0001,147,0001,175,0001,395,0001,872,0002,155,000
Stock & work in progress19,567,00022,247,00010,758,0007,887,0006,814,0005,320,0005,558,0005,357,0004,822,0004,431,0004,074,0004,594,0004,318,0004,564,0003,958,000
Trade Debtors1,207,0002,085,0001,551,000577,0001,157,0001,706,0001,908,0001,506,0001,633,0001,287,0001,192,0001,238,0001,569,0002,135,0001,703,000
Group Debtors3,039,0004,751,0002,375,00011,013,0008,471,0006,734,000000000000
Misc Debtors505,0001,783,0002,106,0001,246,0001,504,0001,017,0001,756,0001,106,000983,0001,148,0001,053,000938,000748,0001,043,0001,233,000
Cash3,289,0002,742,0005,658,0002,677,000909,0001,122,000277,0000168,000629,0001,475,000188,000146,000129,000986,000
misc current assets000000000000000
total current assets27,607,00033,608,00022,448,00023,400,00018,855,00015,899,0009,499,0007,969,0007,606,0007,495,0007,794,0006,958,0006,781,0007,871,0007,880,000
total assets42,178,00060,783,00041,728,00027,045,00021,820,00018,052,00010,803,0008,792,0008,231,0008,514,0008,941,0008,133,0008,176,0009,743,00010,035,000
Bank overdraft0000000106,000000652,000588,000653,0000
Bank loan000000342,000100,000100,000120,000250,000125,000500,000667,000666,000
Trade Creditors 2,317,0006,921,0004,721,0002,011,0002,603,0003,339,0003,047,0002,596,0002,389,0002,546,0002,694,0002,122,0001,760,0002,298,0001,748,000
Group/Directors Accounts1,054,0001,074,0001,009,000301,000759,000995,00011,0007,0008,0004,0004,0000000
other short term finances0000000000160,000500,000500,0001,476,0001,383,000
hp & lease commitments1,0001,0004,00021,00090,000144,000216,000178,00083,000120,000128,00010,000001,000
other current liabilities4,634,0006,469,0003,776,0003,517,0002,757,0001,961,0002,780,0002,067,0001,606,0002,413,0002,184,0002,038,0002,288,0002,189,0003,839,000
total current liabilities8,006,00014,465,0009,510,0005,850,0006,209,0006,439,0006,396,0005,054,0004,186,0005,203,0005,420,0005,447,0005,636,0007,283,0007,637,000
loans00001,533,0002,842,000388,00090,000191,0000110,0000200,000500,0001,529,000
hp & lease commitments0002,00025,000103,000287,000240,00062,000145,000112,00043,000000
Accruals and Deferred Income000084,00093,000177,000161,000166,000000000
other liabilities00429,000259,00000000000000
provisions1,005,000856,000867,000612,000625,000180,000000000000
total long term liabilities1,005,000856,0001,296,000873,0002,267,0003,218,000852,000491,000419,000145,000222,00043,000200,000500,0001,529,000
total liabilities9,011,00015,321,00010,806,0006,723,0008,476,0009,657,0007,248,0005,545,0004,605,0005,348,0005,642,0005,490,0005,836,0007,783,0009,166,000
net assets33,167,00045,462,00030,922,00020,322,00013,344,0008,395,0003,555,0003,247,0003,626,0003,166,0003,299,0002,643,0002,340,0001,960,000869,000
total shareholders funds33,167,00045,462,00030,922,00020,322,00013,344,0008,395,0003,555,0003,247,0003,626,0003,166,0003,299,0002,643,0002,340,0001,960,000869,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit14,302,00013,527,00011,701,0005,533,0005,238,0002,079,00095,00043,000537,000-334,000943,000391,000-800,000994,000-1,967,000
Depreciation449,000457,000482,000403,000421,000786,000571,000421,000369,000338,000290,000205,000204,000330,000370,000
Amortisation1,726,0001,502,0001,254,0001,034,000628,000436,00028,000177,000281,000280,000236,000280,000280,000289,000436,000
Tax-1,988,000-551,000-418,000-239,000-738,00013,000585,000310,000258,000274,000145,000118,000145,000-69,000348,000
Stock-2,680,00011,489,0002,871,0001,073,0001,494,0005,320,000201,000535,000391,000357,000-520,000276,000-246,000606,0003,958,000
Debtors-16,839,00010,040,0008,561,0001,704,0001,675,0009,457,0001,052,000-4,000181,000190,00069,000-141,000-861,000242,0002,936,000
Creditors-4,604,0002,200,0002,710,000-592,000-736,0003,339,000451,000207,000-157,000-148,000572,000362,000-538,000550,0001,748,000
Accruals and Deferred Income-1,835,0002,693,000259,000676,000787,0002,054,000729,000456,000-641,000229,000146,000-250,00099,000-1,650,0003,839,000
Deferred Taxes & Provisions149,000-11,000255,000-13,000445,000180,000000000000
Cash flow from operations27,718,000-1,712,0004,811,0004,025,0002,876,000-5,890,0001,206,0001,083,00075,00092,0002,783,000971,000497,000-404,000-2,120,000
Investing Activities
capital expenditure-2,542,000-2,401,000-2,006,000-2,117,000-1,861,000-3,375,000-765,000-389,000-255,000-489,000-505,000-270,000-92,000-336,000-144,000
Change in Investments000000000000000
cash flow from investments-2,542,000-2,401,000-2,006,000-2,117,000-1,861,000-3,375,000-765,000-389,000-255,000-489,000-505,000-270,000-92,000-336,000-144,000
Financing Activities
Bank loans000000242,0000-20,000-130,000125,000-375,000-167,0001,000666,000
Group/Directors Accounts-20,00065,000708,000-458,000-236,000995,0004,000-1,0004,00004,0000000
Other Short Term Loans 000000000-160,000-340,0000-976,00093,0001,383,000
Long term loans000-1,533,000-1,309,0002,842,000298,000-101,000191,000-110,000110,000-200,000-300,000-1,029,0001,529,000
Hire Purchase and Lease Commitments0-3,000-19,000-92,000-132,000247,00085,000273,000-120,00025,000187,00053,0000-1,0001,000
other long term liabilities0-429,000170,000259,00000000000000
share issue0001,465,000432,0006,289,000-114,000-248,0009,00050,000-84,00036,000190,000292,0002,955,000
interest2,842,0001,564,000517,000219,00017,00014,000-96,000-68,000-45,000-69,000-79,000-73,000-98,000-126,000-177,000
cash flow from financing2,822,0001,197,0001,376,000-140,000-1,228,00010,387,000419,000-145,00019,000-394,000-77,000-559,000-1,351,000-770,0006,357,000
cash and cash equivalents
cash547,000-2,916,0002,981,0001,768,000-213,0001,122,000277,000-168,000-461,000-846,0001,287,00042,00017,000-857,000986,000
overdraft000000-106,000106,00000-652,00064,000-65,000653,0000
change in cash547,000-2,916,0002,981,0001,768,000-213,0001,122,000383,000-274,000-461,000-846,0001,939,000-22,00082,000-1,510,000986,000

solid state logic uk limited Credit Report and Business Information

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Solid State Logic Uk Limited Competitor Analysis

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Perform a competitor analysis for solid state logic uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in OX5 area or any other competitors across 12 key performance metrics.

solid state logic uk limited Ownership

SOLID STATE LOGIC UK LIMITED group structure

Solid State Logic Uk Limited has 1 subsidiary company.

Ultimate parent company

2 parents

SOLID STATE LOGIC UK LIMITED

05362730

1 subsidiary

SOLID STATE LOGIC UK LIMITED Shareholders

solid state logic holdings ltd 100%

solid state logic uk limited directors

Solid State Logic Uk Limited currently has 3 directors. The longest serving directors include Mr David Hearn (Sep 2012) and Dr Enrique Perez Gonzalez (Apr 2014).

officercountryagestartendrole
Mr David Hearn62 years Sep 2012- Director
Dr Enrique Perez Gonzalez46 years Apr 2014- Director
Mr Nigel Beaumont63 years Mar 2019- Director

P&L

March 2024

turnover

41.5m

+2%

operating profit

14.3m

+6%

gross margin

54.3%

+6.91%

turnover

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

Balance Sheet

March 2024

net assets

33.2m

-0.27%

total assets

42.2m

-0.31%

cash

3.3m

+0.2%

net assets

Total assets minus all liabilities

solid state logic uk limited company details

company number

05362730

Type

Private limited with Share Capital

industry

90020 - Support activities to performing arts

27900 - Manufacture of other electrical equipment

incorporation date

February 2005

age

19

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

red lion 49 limited (April 2019)

accountant

-

auditor

KPMG LLP

address

25 spring hill road, begbroke, kidlington oxford, oxfordshire, OX5 1RU

Bank

HSBC BANK PLC

Legal Advisor

-

solid state logic uk 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 12 charges/mortgages relating to solid state logic uk limited. Currently there are 1 open charges and 11 have been satisfied in the past.

solid state logic uk 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.

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solid state logic uk limited Companies House Filings - See Documents

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