sims milling services limited
sims milling services limited Company Information
Group Structure
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Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
burrows farm brentwood road, bulphan, essex, RM14 3TL
Website
simsmillingservices.co.uksims milling services limited Estimated Valuation
Pomanda estimates the enterprise value of SIMS MILLING SERVICES LIMITED at £8.5m based on a Turnover of £13.9m and 0.62x industry multiple (adjusted for size and gross margin).
sims milling services limited Estimated Valuation
Pomanda estimates the enterprise value of SIMS MILLING SERVICES LIMITED at £21.3m based on an EBITDA of £3.5m and a 6.17x industry multiple (adjusted for size and gross margin).
sims milling services limited Estimated Valuation
Pomanda estimates the enterprise value of SIMS MILLING SERVICES LIMITED at £16.2m based on Net Assets of £7.6m and 2.13x industry multiple (adjusted for liquidity).
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Sims Milling Services Limited Overview
Sims Milling Services Limited is a live company located in essex, RM14 3TL with a Companies House number of 07053238. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in October 2009, it's largest shareholder is geoff sims with a 100% stake. Sims Milling Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.9m with low growth in recent years.
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Sims Milling Services Limited Health Check
Pomanda's financial health check has awarded Sims Milling Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £13.9m, make it larger than the average company (£8.5m)
£13.9m - Sims Milling Services Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9.3%)
1% - Sims Milling Services Limited
9.3% - Industry AVG
Production
with a gross margin of 37.2%, this company has a lower cost of product (24.5%)
37.2% - Sims Milling Services Limited
24.5% - Industry AVG
Profitability
an operating margin of 7.2% make it more profitable than the average company (6%)
7.2% - Sims Milling Services Limited
6% - Industry AVG
Employees
with 62 employees, this is above the industry average (36)
62 - Sims Milling Services Limited
36 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£49.9k)
£40.6k - Sims Milling Services Limited
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £223.5k, this is equally as efficient (£202.5k)
£223.5k - Sims Milling Services Limited
£202.5k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (56 days)
61 days - Sims Milling Services Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (37 days)
44 days - Sims Milling Services Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sims Milling Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (20 weeks)
3 weeks - Sims Milling Services Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47%, this is a lower level of debt than the average (61.1%)
47% - Sims Milling Services Limited
61.1% - Industry AVG
SIMS MILLING SERVICES LIMITED financials
Sims Milling Services Limited's latest turnover from December 2023 is £13.9 million and the company has net assets of £7.6 million. According to their latest financial statements, Sims Milling Services Limited has 62 employees and maintains cash reserves of £287.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Sep 2012 | Aug 2011 | Aug 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,858,898 | 13,321,111 | 13,878,073 | 13,419,066 | 13,859,887 | 11,442,630 | 9,481,656 | 13,727,284 | 14,176,743 | 12,623,569 | 15,279,885 | 7,513,953 | ||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 8,700,373 | 9,127,419 | 9,441,481 | 9,131,479 | 10,599,929 | 8,254,396 | 7,551,600 | 9,758,245 | 9,416,017 | 8,962,231 | 9,541,564 | 4,352,104 | ||
| Gross Profit | 5,158,525 | 4,193,692 | 4,436,592 | 4,287,587 | 3,259,958 | 3,188,234 | 1,930,056 | 3,969,039 | 4,760,726 | 3,661,338 | 5,738,321 | 3,161,849 | ||
| Admin Expenses | 4,155,057 | 3,786,306 | 976,446 | 2,637,527 | 2,445,229 | 2,522,012 | 2,190,881 | 3,008,095 | 2,756,215 | 2,675,967 | 3,651,518 | 1,579,748 | ||
| Operating Profit | 1,003,468 | 407,386 | 3,460,146 | 1,650,060 | 814,729 | 666,222 | -260,825 | 960,944 | 2,004,511 | 985,371 | 2,086,803 | 1,582,101 | ||
| Interest Payable | 322,214 | 248,327 | 553,319 | 309,473 | 317,215 | 325,336 | 256,396 | 306,674 | 310,407 | 278,178 | 314,106 | 131,390 | ||
| Interest Receivable | 4 | 8 | 69 | 154 | 8,101 | 7,919 | 1,337 | 2,018 | 666 | 1,554 | 1,573 | |||
| Pre-Tax Profit | 681,258 | 159,067 | 2,906,896 | 1,340,741 | 505,615 | 348,805 | -515,884 | 656,288 | 1,694,770 | 708,747 | 1,774,270 | 1,450,711 | ||
| Tax | -439,787 | 74,305 | -828,548 | -279,891 | -104,296 | -69,011 | 71,692 | -351,614 | -141,334 | -105,008 | -460,743 | -363,214 | ||
| Profit After Tax | 241,471 | 233,372 | 2,078,348 | 1,060,850 | 401,319 | 279,794 | -444,192 | 304,674 | 1,553,436 | 603,739 | 1,313,527 | 1,087,497 | ||
| Dividends Paid | 494,950 | 190,000 | 200,000 | 213,940 | ||||||||||
| Retained Profit | -253,479 | 233,372 | 2,078,348 | 1,060,850 | 211,319 | 79,794 | -444,192 | 90,734 | 1,553,436 | 603,739 | 1,313,527 | 1,087,497 | ||
| Employee Costs | 2,518,888 | 2,365,932 | 2,296,056 | 2,302,780 | 2,227,740 | 2,034,459 | 1,571,854 | 1,880,720 | 1,516,873 | 1,465,598 | 2,273,438 | 685,410 | ||
| Number Of Employees | 62 | 62 | 65 | 69 | 68 | 57 | 57 | 50 | 50 | 49 | 49 | 21 | ||
| EBITDA* | 3,459,677 | 3,638,296 | 6,433,941 | 4,207,983 | 3,293,979 | 3,295,102 | 1,787,616 | 3,521,076 | 4,213,120 | 2,577,857 | 4,669,683 | 2,550,020 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Sep 2012 | Aug 2011 | Aug 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,779,560 | 6,566,220 | 8,900,621 | 8,291,675 | 7,417,594 | 6,409,786 | 6,773,873 | 5,942,541 | 6,978,832 | 6,590,325 | 4,115,528 | 4,191,720 | ||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 5,779,560 | 6,566,220 | 8,900,621 | 8,291,675 | 7,417,594 | 6,409,786 | 6,773,873 | 5,942,541 | 6,978,832 | 6,590,325 | 4,115,528 | 4,191,720 | ||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 2,353,708 | 3,024,987 | 2,075,901 | 2,469,132 | 1,350,526 | 1,715,906 | 2,384,850 | 3,041,268 | 3,946,000 | 3,086,256 | 2,792,110 | 2,177,677 | ||
| Group Debtors | ||||||||||||||
| Misc Debtors | 5,942,918 | 5,591,554 | 8,357,796 | 4,085,731 | 3,203,398 | 3,720,190 | 3,304,696 | 3,119,311 | 2,577,021 | 1,941,462 | 1,313,429 | 566,964 | ||
| Cash | 287,750 | 311,977 | 969,807 | 788,780 | 751,776 | 411,411 | 172,374 | 213,881 | 368,797 | 2,123 | 477,858 | 285,940 | ||
| misc current assets | ||||||||||||||
| total current assets | 8,584,376 | 8,928,518 | 11,403,504 | 7,343,643 | 5,305,700 | 5,847,507 | 5,861,920 | 6,374,460 | 6,891,818 | 5,029,841 | 4,583,397 | 3,030,581 | ||
| total assets | 14,363,936 | 15,494,738 | 20,304,125 | 15,635,318 | 12,723,294 | 12,257,293 | 12,635,793 | 12,317,001 | 13,870,650 | 11,620,166 | 8,698,925 | 7,222,301 | ||
| Bank overdraft | 1,619 | 49,778 | 224,420 | |||||||||||
| Bank loan | 5,517 | |||||||||||||
| Trade Creditors | 1,052,270 | 777,478 | 1,092,982 | 598,407 | 481,825 | 521,304 | 739,049 | 798,595 | 599,281 | 1,139,318 | 1,024,925 | 1,606,175 | ||
| Group/Directors Accounts | 253,418 | 149,561 | ||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 1,274,808 | 1,819,917 | 2,425,779 | 1,932,305 | 2,077,880 | 2,126,712 | 2,192,080 | 1,831,959 | 1,950,453 | 1,740,921 | 1,259,449 | |||
| other current liabilities | 1,615,276 | 2,681,769 | 3,795,554 | 3,435,696 | 1,980,281 | 1,942,533 | 1,837,008 | 2,296,810 | 3,210,433 | 1,577,755 | 1,977,922 | 1,480,910 | ||
| total current liabilities | 3,943,973 | 5,279,164 | 7,314,315 | 5,971,925 | 4,539,986 | 4,640,327 | 4,768,137 | 4,927,364 | 5,760,167 | 4,682,414 | 4,515,714 | 3,236,646 | ||
| loans | 44,483 | |||||||||||||
| hp & lease commitments | 1,963,075 | 1,537,645 | 4,265,948 | 3,907,945 | 3,687,453 | 3,332,430 | 3,662,914 | 2,740,703 | 3,552,283 | 3,893,264 | 1,782,186 | 2,878,019 | ||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 841,942 | 809,504 | 1,088,809 | 154,260 | 39,724 | 20,138 | ||||||||
| total long term liabilities | 2,805,017 | 2,347,149 | 5,354,757 | 4,106,688 | 3,687,453 | 3,332,430 | 3,662,914 | 2,740,703 | 3,552,283 | 3,932,988 | 1,782,186 | 2,898,157 | ||
| total liabilities | 6,748,990 | 7,626,313 | 12,669,072 | 10,078,613 | 8,227,439 | 7,972,757 | 8,431,051 | 7,668,067 | 9,312,450 | 8,615,402 | 6,297,900 | 6,134,803 | ||
| net assets | 7,614,946 | 7,868,425 | 7,635,053 | 5,556,705 | 4,495,855 | 4,284,536 | 4,204,742 | 4,648,934 | 4,558,200 | 3,004,764 | 2,401,025 | 1,087,498 | ||
| total shareholders funds | 7,614,946 | 7,868,425 | 7,635,053 | 5,556,705 | 4,495,855 | 4,284,536 | 4,204,742 | 4,648,934 | 4,558,200 | 3,004,764 | 2,401,025 | 1,087,498 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Sep 2012 | Aug 2011 | Aug 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,003,468 | 407,386 | 3,460,146 | 1,650,060 | 814,729 | 666,222 | -260,825 | 960,944 | 2,004,511 | 985,371 | 2,086,803 | 1,582,101 | ||
| Depreciation | 2,456,209 | 3,230,910 | 2,973,795 | 2,557,923 | 2,479,250 | 2,628,880 | 2,048,441 | 2,560,132 | 2,208,609 | 1,592,486 | 2,582,880 | 967,919 | ||
| Amortisation | ||||||||||||||
| Tax | -439,787 | 74,305 | -828,548 | -279,891 | -104,296 | -69,011 | 71,692 | -351,614 | -141,334 | -105,008 | -460,743 | -363,214 | ||
| Stock | ||||||||||||||
| Debtors | -319,915 | -1,817,156 | 3,878,834 | 2,000,939 | -882,172 | -253,450 | -833,475 | -362,442 | 1,495,303 | 922,179 | 4,105,539 | 2,744,641 | ||
| Creditors | 274,792 | -315,504 | 494,575 | 116,582 | -39,479 | -217,745 | 139,768 | 199,314 | -540,037 | 114,393 | 1,024,925 | 1,606,175 | ||
| Accruals and Deferred Income | -1,066,493 | -1,113,785 | 359,858 | 1,455,415 | 37,748 | 105,525 | -1,373,425 | -913,623 | 1,632,678 | -400,167 | 1,977,922 | 1,480,910 | ||
| Deferred Taxes & Provisions | 32,438 | -279,305 | 934,549 | 154,260 | -39,724 | 39,724 | 20,138 | |||||||
| Cash flow from operations | 2,580,542 | 3,821,163 | 3,515,541 | 3,653,410 | 4,070,124 | 3,367,321 | 1,459,126 | 2,817,595 | 3,629,400 | 1,304,620 | 3,106,248 | 2,549,388 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | -2,054,526 | -2,350,506 | -1,989,009 | -2,201,811 | -4,293,951 | -2,559,785 | -5,202,915 | |||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -2,054,526 | -2,350,506 | -1,989,009 | -2,201,811 | -4,293,951 | -2,559,785 | -5,202,915 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | -5,517 | 5,517 | ||||||||||||
| Group/Directors Accounts | -253,418 | 253,418 | 149,561 | |||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -44,483 | 44,483 | ||||||||||||
| Hire Purchase and Lease Commitments | -119,679 | -3,334,165 | 851,477 | 74,917 | 306,191 | -395,852 | 352,258 | -930,074 | -131,449 | 2,592,550 | 3,041,635 | 2,878,019 | ||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -322,210 | -248,319 | -553,250 | -309,319 | -309,114 | -317,417 | -255,059 | -304,656 | -309,741 | -276,624 | -312,533 | -131,390 | ||
| cash flow from financing | -441,889 | -3,582,484 | 248,227 | -184,402 | -2,923 | -713,269 | 187,933 | -1,234,730 | -441,190 | 2,062,508 | 4,070,018 | 2,896,191 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -24,227 | -657,830 | 181,027 | 37,004 | 340,365 | 239,037 | -196,423 | -154,916 | 366,674 | -475,735 | 477,858 | 285,940 | ||
| overdraft | 1,619 | -49,778 | 49,778 | -224,420 | 224,420 | |||||||||
| change in cash | -25,846 | -657,830 | 181,027 | 37,004 | 390,143 | 189,259 | -196,423 | -154,916 | 591,094 | -700,155 | 477,858 | 285,940 |
sims milling services limited Credit Report and Business Information
Sims Milling Services Limited Competitor Analysis
Perform a competitor analysis for sims milling services limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in RM14 area or any other competitors across 12 key performance metrics.
sims milling services limited Ownership
SIMS MILLING SERVICES LIMITED group structure
Sims Milling Services Limited has no subsidiary companies.
Ultimate parent company
SIMS MILLING SERVICES LIMITED
07053238
sims milling services limited directors
Sims Milling Services Limited currently has 1 director, Mr Geoffrey Sims serving since Oct 2009.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geoffrey Sims | United Kingdom | 59 years | Oct 2009 | - | Director |
P&L
December 2023turnover
13.9m
+4%
operating profit
1m
+146%
gross margin
37.3%
+18.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.6m
-0.03%
total assets
14.4m
-0.07%
cash
287.8k
-0.08%
net assets
Total assets minus all liabilities
sims milling services limited company details
company number
07053238
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
October 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
TC GROUP
address
burrows farm brentwood road, bulphan, essex, RM14 3TL
Bank
-
Legal Advisor
-
sims milling services 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 4 charges/mortgages relating to sims milling services limited. Currently there are 4 open charges and 0 have been satisfied in the past.
sims milling services limited Capital Raised & Share Issues BETA
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sims milling services limited Companies House Filings - See Documents
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