safecover ltd
safecover ltd Company Information
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
jindal house 35 progress road, leigh-on-sea, essex, SS9 5PR
Website
www.match2ltd.co.uksafecover ltd Estimated Valuation
Pomanda estimates the enterprise value of SAFECOVER LTD at £286.7k based on a Turnover of £2.3m and 0.13x industry multiple (adjusted for size and gross margin).
safecover ltd Estimated Valuation
Pomanda estimates the enterprise value of SAFECOVER LTD at £4.6m based on an EBITDA of £2.1m and a 2.23x industry multiple (adjusted for size and gross margin).
safecover ltd Estimated Valuation
Pomanda estimates the enterprise value of SAFECOVER LTD at £2.2m based on Net Assets of £1.7m and 1.28x industry multiple (adjusted for liquidity).
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Safecover Ltd Overview
Safecover Ltd is a dissolved company that was located in essex, SS9 5PR with a Companies House number of 06550640. It operated in the other activities of employment placement agencies sector, SIC Code 78109. Founded in April 2008, it's largest shareholder was charles owen norton with a 100% stake. The last turnover for Safecover Ltd was estimated at £2.3m.
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Safecover Ltd Health Check
Pomanda's financial health check has awarded Safecover Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£4.5m)
- Safecover Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 178%, show it is growing at a faster rate (3.9%)
- Safecover Ltd
3.9% - Industry AVG
Production
with a gross margin of 13.2%, this company has a higher cost of product (24.3%)
- Safecover Ltd
24.3% - Industry AVG
Profitability
an operating margin of 91.6% make it more profitable than the average company (2.9%)
- Safecover Ltd
2.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (34)
6 - Safecover Ltd
34 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)
- Safecover Ltd
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £379.3k, this is more efficient (£177.5k)
- Safecover Ltd
£177.5k - Industry AVG
Debtor Days
it gets paid by customers after 102 days, this is later than average (51 days)
- Safecover Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (10 days)
- Safecover Ltd
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Safecover Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 114 weeks, this is more cash available to meet short term requirements (8 weeks)
114 weeks - Safecover Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.3%, this is a lower level of debt than the average (72.8%)
29.3% - Safecover Ltd
72.8% - Industry AVG
SAFECOVER LTD financials
Safecover Ltd's latest turnover from April 2019 is estimated at £2.3 million and the company has net assets of £1.7 million. According to their latest financial statements, Safecover Ltd has 6 employees and maintains cash reserves of £487 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 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 | 6 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,262,576 | 439 | 516 | 688 | 918 | 1,122 | ||||
| Intangible Assets | ||||||||||
| Investments & Other | 100 | |||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 1,262,676 | 439 | 516 | 688 | 918 | 1,122 | ||||
| Stock & work in progress | ||||||||||
| Trade Debtors | 641,688 | 7,983 | 12,914 | 999 | 2,519 | 4,319 | 4,000 | 5,000 | ||
| Group Debtors | ||||||||||
| Misc Debtors | ||||||||||
| Cash | 486,984 | 100 | 9,254 | 1,373 | 674 | 257 | 1,154 | 402 | ||
| misc current assets | ||||||||||
| total current assets | 1,128,672 | 100 | 7,983 | 12,914 | 10,253 | 3,892 | 4,993 | 257 | 5,154 | 5,402 |
| total assets | 2,391,348 | 100 | 8,422 | 12,914 | 10,253 | 3,892 | 5,509 | 945 | 6,072 | 6,524 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 221,037 | 22,979 | 20,733 | 21,343 | 23,214 | 21,218 | 14,217 | 17,983 | 30,334 | |
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | ||||||||||
| total current liabilities | 221,037 | 22,979 | 20,733 | 21,343 | 23,214 | 21,218 | 14,217 | 17,983 | 30,334 | |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 447,131 | |||||||||
| provisions | 33,527 | |||||||||
| total long term liabilities | 480,658 | |||||||||
| total liabilities | 701,695 | 22,979 | 20,733 | 21,343 | 23,214 | 21,218 | 14,217 | 17,983 | 30,334 | |
| net assets | 1,689,653 | 100 | -14,557 | -7,819 | -11,090 | -19,322 | -15,709 | -13,272 | -11,911 | -23,810 |
| total shareholders funds | 1,689,653 | 100 | -14,557 | -7,819 | -11,090 | -19,322 | -15,709 | -13,272 | -11,911 | -23,810 |
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 172 | 230 | 107 | 374 | ||||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | ||||||||||
| Debtors | 641,688 | -7,983 | -4,931 | 11,915 | -1,520 | -1,800 | 4,319 | -4,000 | -1,000 | 5,000 |
| Creditors | 221,037 | -22,979 | 2,246 | -610 | -1,871 | 1,996 | 7,001 | -3,766 | -12,351 | 30,334 |
| Accruals and Deferred Income | ||||||||||
| Deferred Taxes & Provisions | 33,527 | |||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 100 | |||||||||
| 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 | 447,131 | |||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 486,884 | 100 | -9,254 | 7,881 | 699 | 417 | -897 | 752 | 402 | |
| overdraft | ||||||||||
| change in cash | 486,884 | 100 | -9,254 | 7,881 | 699 | 417 | -897 | 752 | 402 |
safecover ltd Credit Report and Business Information
Safecover Ltd Competitor Analysis
Perform a competitor analysis for safecover ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in SS9 area or any other competitors across 12 key performance metrics.
safecover ltd Ownership
SAFECOVER LTD group structure
Safecover Ltd has no subsidiary companies.
Ultimate parent company
SAFECOVER LTD
06550640
safecover ltd directors
Safecover Ltd currently has 1 director, Mr Antony Barrows serving since Mar 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Barrows | 49 years | Mar 2020 | - | Director |
P&L
April 2019turnover
2.3m
+3235%
operating profit
2.1m
0%
gross margin
13.2%
+1.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2019net assets
1.7m
+16895.53%
total assets
2.4m
+23912.48%
cash
487k
+4868.84%
net assets
Total assets minus all liabilities
safecover ltd company details
company number
06550640
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
April 2008
age
17
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
April 2019
previous names
match 2 limited (January 2020)
accountant
-
auditor
-
address
jindal house 35 progress road, leigh-on-sea, essex, SS9 5PR
Bank
-
Legal Advisor
-
safecover ltd 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 did not find charges/mortgages relating to safecover ltd.
safecover ltd 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 SAFECOVER LTD. This can take several minutes, an email will notify you when this has completed.
safecover ltd Companies House Filings - See Documents
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