vital seating & systems limited
vital seating & systems limited Company Information
Company Number
06509234
Next Accounts
Apr 2026
Shareholders
ethical energy offsetters limited
cm tech inc
View AllGroup Structure
View All
Industry
Manufacture of other transport equipment n.e.c.
+1Registered Address
suite 1d, widford business centre, chelmsford, essex, CM1 3AG
Website
www.vital-group.comvital seating & systems limited Estimated Valuation
Pomanda estimates the enterprise value of VITAL SEATING & SYSTEMS LIMITED at £807.3k based on a Turnover of £1.4m and 0.57x industry multiple (adjusted for size and gross margin).
vital seating & systems limited Estimated Valuation
Pomanda estimates the enterprise value of VITAL SEATING & SYSTEMS LIMITED at £873.6k based on an EBITDA of £195.1k and a 4.48x industry multiple (adjusted for size and gross margin).
vital seating & systems limited Estimated Valuation
Pomanda estimates the enterprise value of VITAL SEATING & SYSTEMS LIMITED at £1.6m based on Net Assets of £688k and 2.37x industry multiple (adjusted for liquidity).
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Vital Seating & Systems Limited Overview
Vital Seating & Systems Limited is a live company located in chelmsford, CM1 3AG with a Companies House number of 06509234. It operates in the manufacture of other transport equipment n.e.c. sector, SIC Code 30990. Founded in February 2008, it's largest shareholder is ethical energy offsetters limited with a 28.7% stake. Vital Seating & Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.
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Vital Seating & Systems Limited Health Check
Pomanda's financial health check has awarded Vital Seating & Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£16m)
- Vital Seating & Systems Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (11%)
- Vital Seating & Systems Limited
11% - Industry AVG
Production
with a gross margin of 30.5%, this company has a comparable cost of product (30.5%)
- Vital Seating & Systems Limited
30.5% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (6.5%)
- Vital Seating & Systems Limited
6.5% - Industry AVG
Employees
with 10 employees, this is below the industry average (73)
10 - Vital Seating & Systems Limited
73 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Vital Seating & Systems Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £140.8k, this is less efficient (£195.5k)
- Vital Seating & Systems Limited
£195.5k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (50 days)
- Vital Seating & Systems Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (36 days)
- Vital Seating & Systems Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (73 days)
- Vital Seating & Systems Limited
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (11 weeks)
15 weeks - Vital Seating & Systems Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.6%, this is a similar level of debt than the average (50.6%)
55.6% - Vital Seating & Systems Limited
50.6% - Industry AVG
VITAL SEATING & SYSTEMS LIMITED financials
Vital Seating & Systems Limited's latest turnover from July 2024 is estimated at £1.4 million and the company has net assets of £688 thousand. According to their latest financial statements, Vital Seating & Systems Limited has 10 employees and maintains cash reserves of £256.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 10 | 3 | 2 | 3 | 3 | 3 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 305 | 414 | 554 | 14,470 | 43,333 | 57,778 | 77,037 | 99,197 | 4,167 | 4,112 | 5,137 | 7,242 | 2,497 | ||
| Intangible Assets | 720,604 | 516,604 | 36,604 | 99,104 | 161,604 | 224,104 | 286,604 | 349,104 | 411,604 | 474,104 | 536,604 | 131,604 | 151,604 | 176,604 | 196,604 |
| Investments & Other | 14,238 | 40,284 | |||||||||||||
| Debtors (Due After 1 year) | 659 | 14,289 | 466,247 | ||||||||||||
| Total Fixed Assets | 734,842 | 516,604 | 36,909 | 99,518 | 162,158 | 238,574 | 329,937 | 406,882 | 529,584 | 587,590 | 540,771 | 601,963 | 156,741 | 183,846 | 199,101 |
| Stock & work in progress | 103,853 | 258,750 | 759,400 | 666,605 | 608,761 | 437,350 | 451,718 | 433,687 | 161,774 | 216,065 | 348,758 | 108,293 | 189,371 | 334,584 | 373,905 |
| Trade Debtors | 239,834 | 128,556 | 136,214 | 27,783 | 17,403 | 16,496 | 128,915 | 7,000 | 15,800 | 622,851 | 368,112 | 407,547 | 1,044,833 | 1,718,968 | 1,415,174 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 212,846 | 97,909 | 81,445 | 95,215 | 146,228 | 105,935 | 16,187 | 15,080 | 386,340 | ||||||
| Cash | 256,763 | 82,634 | 2,997 | 17,563 | 22,311 | 12,348 | 1,822 | 54,335 | 19,217 | 2,909 | 77,008 | 6,430 | 266,187 | 222,252 | |
| misc current assets | 271 | ||||||||||||||
| total current assets | 813,296 | 568,120 | 980,056 | 807,166 | 794,703 | 572,129 | 598,642 | 510,102 | 583,131 | 838,916 | 719,779 | 592,848 | 1,240,634 | 2,319,739 | 2,011,331 |
| total assets | 1,548,138 | 1,084,724 | 1,016,965 | 906,684 | 956,861 | 810,703 | 928,579 | 916,984 | 1,112,715 | 1,426,506 | 1,260,550 | 1,194,811 | 1,397,375 | 2,503,585 | 2,210,432 |
| Bank overdraft | 23 | 23 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 174,611 | 155,368 | 143,153 | 165,093 | 166,924 | 84,139 | 119,027 | 42,824 | 9,293 | 502,548 | 307,472 | 196,443 | 520,596 | 1,298,646 | 1,145,675 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 685,508 | 356,833 | 280,258 | 240,711 | 220,169 | 668 | 91,498 | 89,152 | 182,096 | ||||||
| total current liabilities | 860,119 | 512,201 | 423,411 | 405,804 | 387,093 | 84,807 | 210,525 | 131,999 | 191,412 | 502,548 | 307,472 | 196,443 | 520,596 | 1,298,646 | 1,145,675 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 2,000 | 2,000 | 17,099 | 26,255 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 2,000 | 2,000 | 17,099 | 26,255 | |||||||||||
| total liabilities | 860,119 | 512,201 | 423,411 | 405,804 | 387,093 | 84,807 | 212,525 | 133,999 | 191,412 | 519,647 | 307,472 | 196,443 | 546,851 | 1,298,646 | 1,145,675 |
| net assets | 688,019 | 572,523 | 593,554 | 500,880 | 569,768 | 725,896 | 716,054 | 782,985 | 921,303 | 906,859 | 953,078 | 998,368 | 850,524 | 1,204,939 | 1,064,757 |
| total shareholders funds | 688,019 | 572,523 | 593,554 | 500,880 | 569,768 | 725,896 | 716,054 | 782,985 | 921,303 | 906,859 | 953,078 | 998,368 | 850,524 | 1,204,939 | 1,064,757 |
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 305 | 109 | 140 | 183 | 863 | 14,445 | 19,259 | 25,678 | 2,897 | 1,391 | 1,659 | 2,170 | 2,414 | 832 | |
| Amortisation | 50,000 | 20,000 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 62,500 | 20,000 | 20,000 | 25,000 | 20,000 | 20,000 | |
| Tax | |||||||||||||||
| Stock | -154,897 | -500,650 | 92,795 | 57,844 | 171,411 | -14,368 | 18,031 | 271,913 | -54,291 | -132,693 | 240,465 | -81,078 | -145,213 | -39,321 | 373,905 |
| Debtors | 226,215 | 8,806 | 94,661 | -40,633 | 41,200 | -22,671 | 123,022 | -380,719 | -234,341 | 269,028 | -505,682 | -171,039 | -674,135 | 303,794 | 1,415,174 |
| Creditors | 19,243 | 12,215 | -21,940 | -1,831 | 82,785 | -34,888 | 76,203 | 33,531 | -493,255 | 195,076 | 111,029 | -324,153 | -778,050 | 152,971 | 1,145,675 |
| Accruals and Deferred Income | 328,675 | 76,575 | 39,547 | 20,542 | 219,501 | -90,830 | 2,346 | -92,944 | 182,096 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 14,238 | -40,284 | 40,284 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -2,000 | 2,000 | -17,099 | 17,099 | -26,255 | 26,255 | |||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 174,129 | 79,637 | -14,566 | -4,748 | 9,963 | 10,526 | -52,513 | 35,118 | 19,217 | -2,909 | -74,099 | 70,578 | -259,757 | 43,935 | 222,252 |
| overdraft | -23 | 23 | |||||||||||||
| change in cash | 174,129 | 79,637 | -14,566 | -4,748 | 9,963 | 10,526 | -52,490 | 35,118 | 19,194 | -2,909 | -74,099 | 70,578 | -259,757 | 43,935 | 222,252 |
vital seating & systems limited Credit Report and Business Information
Vital Seating & Systems Limited Competitor Analysis
Perform a competitor analysis for vital seating & systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in CM1 area or any other competitors across 12 key performance metrics.
vital seating & systems limited Ownership
VITAL SEATING & SYSTEMS LIMITED group structure
Vital Seating & Systems Limited has no subsidiary companies.
Ultimate parent company
VITAL SEATING & SYSTEMS LIMITED
06509234
vital seating & systems limited directors
Vital Seating & Systems Limited currently has 5 directors. The longest serving directors include Mr Brian Hallett (Apr 2008) and Mr Brian Hallett (Apr 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Hallett | England | 71 years | Apr 2008 | - | Director |
| Mr Brian Hallett | England | 71 years | Apr 2008 | - | Director |
| Mr Christopher Edwards | England | 77 years | Mar 2009 | - | Director |
| Mr Neal Marshall | England | 62 years | Mar 2009 | - | Director |
| Mr James Hallett | England | 44 years | Apr 2024 | - | Director |
P&L
July 2024turnover
1.4m
+87%
operating profit
145.1k
0%
gross margin
30.5%
+11.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2024net assets
688k
+0.2%
total assets
1.5m
+0.43%
cash
256.8k
+2.11%
net assets
Total assets minus all liabilities
vital seating & systems limited company details
company number
06509234
Type
Private limited with Share Capital
industry
30990 - Manufacture of other transport equipment n.e.c.
32990 - Other manufacturing n.e.c.
incorporation date
February 2008
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2024
previous names
N/A
accountant
COLEMANS ACCOUNTANCY SERVICES
auditor
-
address
suite 1d, widford business centre, chelmsford, essex, CM1 3AG
Bank
-
Legal Advisor
-
vital seating & 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 10 charges/mortgages relating to vital seating & systems limited. Currently there are 4 open charges and 6 have been satisfied in the past.
vital seating & 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 VITAL SEATING & SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
vital seating & systems limited Companies House Filings - See Documents
| date | description | view/download |
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