Security Solutions Yes Limited

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SOLUTIONS

security solutions yes limited Company Information

Company Number

05856892

Next Accounts

Apr 2025

Directors

Philip Jordan

Andrew Threadgold

Shareholders

coalescence facilities limited

stephanie smith

Group Structure

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Industry

Electrical installation

Registered Address

486 sprowston road, norwich, NR3 4DY

Website

http://ssygroup.co.uk

security solutions yes limited Estimated Valuation

£779.7k

Pomanda estimates the enterprise value of SECURITY SOLUTIONS YES LIMITED at £779.7k based on Net Assets of £301.9k and 2.58x industry multiple (adjusted for liquidity).

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Security Solutions Yes Limited is a live company located in norwich, NR3 4DY with a Companies House number of 05856892. It operates in the electrical installation sector, SIC Code 43210. Founded in June 2006, it's largest shareholder is coalescence facilities limited with a 99% stake. Security Solutions Yes Limited is a established, small sized company, Pomanda has estimated its turnover at £914.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Security Solutions Yes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £914.7k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (7.7%)

EXPORT

Security Solutions Yes Limited's latest turnover from July 2023 is estimated at £914.7 thousand and the company has net assets of £301.9 thousand. According to their latest financial statements, Security Solutions Yes Limited has 10 employees and maintains cash reserves of £62.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	914,687	1,181,636	1,267,192	1,587,665	1,134,603	1,314,820	1,570,178	1,363,403	1,315,857	1,400,221	1,725,468	1,001,496	675,561	792,398
Other Income Or Grants
Cost Of Sales	671,942	880,563	949,509	1,185,958	835,276	953,683	1,133,948	966,495	927,198	975,292	1,191,132	664,299	429,979	473,946
Gross Profit	242,745	301,073	317,682	401,707	299,327	361,137	436,230	396,908	388,659	424,929	534,336	337,196	245,582	318,452
Admin Expenses	148,647	266,716	207,273	355,537	284,700	435,422	381,329	310,712	394,141	525,731	288,371	313,088	257,325	353,288	-6,234
Operating Profit	94,098	34,357	110,409	46,170	14,627	-74,285	54,901	86,196	-5,482	-100,802	245,965	24,108	-11,743	-34,836	6,234
Interest Payable	8,254	6,826	5,441	3,518	3,927	4,079	2,962	3,800	2,367				1,443	2,293	850
Interest Receivable	4,200	1,402	96	39	22	26	36	51	4	10	13	25	27	9
Pre-Tax Profit	90,044	28,933	105,064	42,691	10,722	-78,338	51,975	82,448	-7,845	-100,792	245,978	24,133	-13,159	-37,119	5,385
Tax	-22,511	-5,497	-19,962	-8,111	-2,037		-9,875	-16,489			-56,575	-5,792			-1,508
Profit After Tax	67,533	23,436	85,102	34,580	8,685	-78,338	42,100	65,958	-7,845	-100,792	189,403	18,341	-13,159	-37,119	3,877
Dividends Paid
Retained Profit	67,533	23,436	85,102	34,580	8,685	-78,338	42,100	65,958	-7,845	-100,792	189,403	18,341	-13,159	-37,119	3,877
Employee Costs	422,029	559,726	562,822	555,904	571,009	600,734	597,233	596,376	362,761	390,008	446,655	296,548	219,189	252,800
Number Of Employees	10	14	14	14	14	15	15	15	9	10	12	8	6	7
EBITDA*	105,845	45,070	123,583	55,790	24,164	-57,004	63,207	86,196	6,229	-89,663	257,371	28,052	-8,127	-29,051	6,870

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	34,668	46,415	39,848	49,956	28,517	38,054	25,909	24,186	34,580	37,613	40,159	28,251	22,873	22,439	24,415
Intangible Assets
Investments & Other
Debtors (Due After 1 year)			101
Total Fixed Assets	34,668	46,415	39,949	49,956	28,517	38,054	25,909	24,186	34,580	37,613	40,159	28,251	22,873	22,439	24,415
Stock & work in progress	31,402	26,322	27,645	27,645	27,175	27,175	27,175	27,000	27,000	25,000	25,000	36,000	40,000	40,000	40,458
Trade Debtors	183,704	267,243	352,053	335,402	201,138	252,775	362,111	282,600	252,447	255,932	349,076	135,416	67,275	107,272	96,850
Group Debtors
Misc Debtors	170,281	61,238		9,589	123,248	85,199	82,171	50,953
Cash	62,411	105,579	118,800	74,120	3,400	2,356	8,204	20,452		1,535	2,539	2,655	7,303	3,654	65
misc current assets				9,033
total current assets	447,798	460,382	498,498	455,789	354,961	367,505	479,661	381,005	279,447	282,467	376,615	174,071	114,578	150,926	137,373
total assets	482,466	506,797	538,447	505,745	383,478	405,559	505,570	405,191	314,027	320,080	416,774	202,322	137,451	173,365	161,788
Bank overdraft	19,855	19,898	16,992	19,286	19,307	30,117	30,301	3,801	72,817
Bank loan														30,943	26,142
Trade Creditors	39,279	37,966	61,668	146,335	91,605	105,717	107,944	38,893	169,634	229,925	228,265	215,645	172,453	159,610	126,551
Group/Directors Accounts			9,915		8,074
other short term finances
hp & lease commitments	10,635	29,466	10,327	10,957	10,738	18,493
other current liabilities	48,819	86,465	53,733	58,333	83,123	62,952	88,489	99,121
total current liabilities	118,588	173,795	152,635	234,911	212,847	217,279	226,734	141,815	242,451	229,925	228,265	215,645	172,453	190,553	152,693
loans	46,479	63,844	87,577	54,533	22,208	44,714	20,373	40,293						13,458
hp & lease commitments			25,273	33,548	16,133	16,499	56,514	64,895
Accruals and Deferred Income
other liabilities			1,262	1					14,246	23,234	20,226	10,476	8,268		2,761
provisions	15,536	34,828	60,807	56,961	41,079	44,541	41,085	39,424	4,524	6,270	6,840	4,161	3,031	2,496	2,357
total long term liabilities	62,015	98,672	174,919	145,043	79,420	105,754	117,972	144,612	18,770	29,504	27,066	14,637	11,299	15,954	5,118
total liabilities	180,603	272,467	327,554	379,954	292,267	323,033	344,706	286,427	261,221	259,429	255,331	230,282	183,752	206,507	157,811
net assets	301,863	234,330	210,893	125,791	91,211	82,526	160,864	118,764	52,806	60,651	161,443	-27,960	-46,301	-33,142	3,977
total shareholders funds	301,863	234,330	210,893	125,791	91,211	82,526	160,864	118,764	52,806	60,651	161,443	-27,960	-46,301	-33,142	3,977

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	94,098	34,357	110,409	46,170	14,627	-74,285	54,901	86,196	-5,482	-100,802	245,965	24,108	-11,743	-34,836	6,234
Depreciation	11,747	10,713	13,174	9,620	9,537	17,281	8,306		11,711	11,139	11,406	3,944	3,616	5,785	636
Amortisation
Tax	-22,511	-5,497	-19,962	-8,111	-2,037		-9,875	-16,489			-56,575	-5,792			-1,508
Stock	5,080	-1,323		470			175		2,000		-11,000	-4,000		-458	40,458
Debtors	25,504	-23,673	7,163	20,605	-13,588	-106,308	110,729	81,106	-3,485	-93,144	213,660	68,141	-39,997	10,422	96,850
Creditors	1,313	-23,702	-84,667	54,730	-14,112	-2,227	69,051	-130,741	-60,291	1,660	12,620	43,192	12,843	33,059	126,551
Accruals and Deferred Income	-37,646	32,732	-4,600	-24,790	20,171	-25,537	-10,632	99,121
Deferred Taxes & Provisions	-19,292	-25,979	3,846	15,882	-3,462	3,456	1,661	34,900	-1,746	-570	2,679	1,130	535	139	2,357
Cash flow from operations	-2,875	47,620	11,037	72,426	38,312	24,996	2,508	-8,119	-54,323	4,571	13,435	2,441	45,248	-5,817	-3,038
Investing Activities
capital expenditure		-17,280	-3,066	-31,059		-29,426	-10,029	10,394	-8,678	-8,593	-23,314	-9,322	-4,050	-3,809	-25,051
Change in Investments
cash flow from investments		-17,280	-3,066	-31,059		-29,426	-10,029	10,394	-8,678	-8,593	-23,314	-9,322	-4,050	-3,809	-25,051
Financing Activities
Bank loans													-30,943	4,801	26,142
Group/Directors Accounts		-9,915	9,915	-8,074	8,074
Other Short Term Loans
Long term loans	-17,365	-23,733	33,044	32,325	-22,506	24,341	-19,920	40,293					-13,458	13,458
Hire Purchase and Lease Commitments	-18,831	-6,134	-8,905	17,634	-8,121	-21,522	-8,381	64,895
other long term liabilities		-1,262	1,261	1				-14,246	-8,988	3,008	9,750	2,208	8,268	-2,761	2,761
share issue		1													100
interest	-4,054	-5,424	-5,345	-3,479	-3,905	-4,053	-2,926	-3,749	-2,363	10	13	25	-1,416	-2,284	-850
cash flow from financing	-40,250	-46,467	29,970	38,407	-26,458	-1,234	-31,227	87,193	-11,351	3,018	9,763	2,233	-37,549	13,214	28,153
cash and cash equivalents
cash	-43,168	-13,221	44,680	70,720	1,044	-5,848	-12,248	20,452	-1,535	-1,004	-116	-4,648	3,649	3,589	65
overdraft	-43	2,906	-2,294	-21	-10,810	-184	26,500	-69,016	72,817
change in cash	-43,125	-16,127	46,974	70,741	11,854	-5,664	-38,748	89,468	-74,352	-1,004	-116	-4,648	3,649	3,589	65

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SECURITY SOLUTIONS YES LIMITED group structure

Security Solutions Yes Limited has no subsidiary companies.

Ultimate parent company

SECURITY SOLUTIONS YES LIMITED

05856892

SECURITY SOLUTIONS YES LIMITED Shareholders

coalescence facilities limited	99.01%
stephanie smith	0.99%

Security Solutions Yes Limited currently has 2 directors. The longest serving directors include Mr Philip Jordan (Dec 2024) and Dr Andrew Threadgold (Dec 2024).

officer	country	age	start	end	role
Mr Philip Jordan	United Kingdom	42 years	Dec 2024	-	Director
Dr Andrew Threadgold	United Kingdom	47 years	Dec 2024	-	Director

P&L

July 2023

turnover

914.7k

-23%

operating profit

94.1k

gross margin

26.6%

+4.16%

turnover

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

Balance Sheet

July 2023

net assets

301.9k

+0.29%

total assets

482.5k

-0.05%

cash

62.4k

-0.41%

net assets

Total assets minus all liabilities

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company number

05856892

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

June 2006

ultimate parent company

None

previous names

N/A

address

486 sprowston road, norwich, NR3 4DY

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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