Smart Secure Electrical Wholesale Limited

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smart secure electrical wholesale limited Company Information

Live

EstablishedSmallHigh

Company Number

07143959

Website

www.grskuk.com

Registered Address

unit d springhill business park, 110 steward street, birmingham, B18 7AF

Industry

Other retail sale in non-specialised stores

Non-specialised wholesale trade

Telephone

01212706884

Next Accounts Due

November 2024

Group Structure

View All

Directors

Kamaldip Reehal14 Years

Surinder Reehal4 Years

Shareholders

kamaldip singh reehal 100%

smart secure electrical wholesale limited Estimated Valuation

£232.5k

Pomanda estimates the enterprise value of SMART SECURE ELECTRICAL WHOLESALE LIMITED at £232.5k based on a Turnover of £536.6k and 0.43x industry multiple (adjusted for size and gross margin).

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Smart Secure Electrical Wholesale Limited is a live company located in birmingham, B18 7AF with a Companies House number of 07143959. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in February 2010, it's largest shareholder is kamaldip singh reehal with a 100% stake. Smart Secure Electrical Wholesale Limited is a established, small sized company, Pomanda has estimated its turnover at £536.6k with high growth in recent years.

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Pomanda's financial health check has awarded Smart Secure Electrical Wholesale Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £536.6k, make it smaller than the average company (£7.6m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3.2%)

EXPORT

Smart Secure Electrical Wholesale Limited's latest turnover from February 2023 is estimated at £536.6 thousand and the company has net assets of £19.9 thousand. According to their latest financial statements, Smart Secure Electrical Wholesale Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Turnover	536,626	507,100	455,334	352,780	289,648	81,565	70,673	56,662	71,426	37,960	19,354	13,888	21,602
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	411,509	393,855	352,922	268,865	223,538	63,341	53,750	43,530	54,662	29,498	15,024	10,763	16,708
Gross Profit	125,118	113,246	102,412	83,916	66,110	18,224	16,923	13,132	16,764	8,462	4,330	3,125	4,894
Admin Expenses	124,327	112,362	82,074	79,378	52,357	16,314	22,824	10,579	29,164	8,284	-1,212	6,001	3,763
Operating Profit	791	884	20,338	4,538	13,753	1,910	-5,901	2,553	-12,400	178	5,542	-2,876	1,131
Interest Payable	0	0	0	0	162	208	94	46	0	0	0	0	0
Interest Receivable	0	0	0	0	5	3	0	1	21	33	17	25	21
Pre-Tax Profit	791	884	20,338	4,538	13,595	1,706	-5,995	2,508	-12,379	212	5,559	-2,851	1,153
Tax	-150	-168	-3,864	-862	-2,583	-324	0	-501	0	-49	-1,334	0	-323
Profit After Tax	641	716	16,474	3,676	11,012	1,382	-5,995	2,006	-12,379	163	4,225	-2,851	830
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	641	716	16,474	3,676	11,012	1,382	-5,995	2,006	-12,379	163	4,225	-2,851	830
Employee Costs	29,970	29,096	26,854	27,250	26,576	26,085	25,171	24,846	24,734	24,666	23,993	24,089	23,395
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	791	884	20,338	4,538	13,753	2,625	-5,196	3,233	-11,658	444	5,768	-2,711	1,294

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Tangible Assets	3,195	2,668	2,489	2,929	3,445	4,054	3,981	3,840	4,209	1,504	1,282	937	1,102
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,195	2,668	2,489	2,929	3,445	4,054	3,981	3,840	4,209	1,504	1,282	937	1,102
Stock & work in progress	0	0	0	0	0	55,000	47,500	35,000	20,000	7,000	5,000	0	0
Trade Debtors	191,823	194,865	165,012	102,572	80,230	2,226	503	57	4,066	4,339	1,274	1,262	1,227
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,088	1,424	1,244	1,574	0	2,329	2,918	4,044	0	0	0	0	0
Cash	0	0	0	0	0	1,241	80	137	254	8,060	5,264	1,450	8,563
misc current assets	0	0	0	0	3,354	0	0	0	0	0	0	0	0
total current assets	192,911	196,289	166,256	104,146	83,584	60,796	51,001	39,238	24,320	19,399	11,538	2,712	9,790
total assets	196,106	198,957	168,745	107,075	87,029	64,850	54,982	43,078	28,529	20,903	12,820	3,649	10,892
Bank overdraft	0	0	0	0	0	4,805	1,581	1,421	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	142,667	137,995	101,042	99,836	83,979	20,458	17,235	7,371	38,441	18,135	10,260	5,339	9,731
Group/Directors Accounts	0	0	0	0	0	29,793	26,916	20,645	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	22,313	23,151	21,547	0	0	0	0	0
total current liabilities	142,667	137,995	101,042	99,836	83,979	77,369	68,883	50,984	38,441	18,135	10,260	5,339	9,731
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	10,327	8,497	7,493	5,170	4,657	0	0	0	0	0	0	0	0
other liabilities	23,212	33,206	41,667	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	301	256	231	231
total long term liabilities	33,539	41,703	49,160	5,170	4,657	0	0	0	0	301	256	231	231
total liabilities	176,206	179,698	150,202	105,006	88,636	77,369	68,883	50,984	38,441	18,436	10,516	5,570	9,962
net assets	19,900	19,259	18,543	2,069	-1,607	-12,519	-13,901	-7,906	-9,912	2,467	2,304	-1,921	930
total shareholders funds	19,900	19,259	18,543	2,069	-1,607	-12,519	-13,901	-7,906	-9,912	2,467	2,304	-1,921	930

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Operating Activities
Operating Profit	791	884	20,338	4,538	13,753	1,910	-5,901	2,553	-12,400	178	5,542	-2,876	1,131
Depreciation	0	0	0	0	0	715	705	680	742	266	226	165	163
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-150	-168	-3,864	-862	-2,583	-324	0	-501	0	-49	-1,334	0	-323
Stock	0	0	0	0	-55,000	7,500	12,500	15,000	13,000	2,000	5,000	0	0
Debtors	-3,378	30,033	62,110	23,916	75,675	1,134	-680	35	-273	3,065	12	35	1,227
Creditors	4,672	36,953	1,206	15,857	63,521	3,223	9,864	-31,070	20,306	7,875	4,921	-4,392	9,731
Accruals and Deferred Income	1,830	1,004	2,323	513	-17,656	-838	1,604	21,547	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-301	45	25	0	231
Cash flow from operations	10,521	8,640	-42,107	-3,870	36,360	-3,948	-5,548	-21,826	-4,380	3,250	4,368	-7,138	9,706
Investing Activities
capital expenditure	-527	-179	440	516	609	-788	-846	-311	-3,447	-488	-571	0	-1,265
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-527	-179	440	516	609	-788	-846	-311	-3,447	-488	-571	0	-1,265
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-29,793	2,877	6,271	20,645	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-9,994	-8,461	41,667	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	-157	-205	-94	-45	21	33	17	25	21
cash flow from financing	-9,994	-8,461	41,667	0	-30,050	2,672	6,177	20,600	21	33	17	25	121
cash and cash equivalents
cash	0	0	0	0	-1,241	1,161	-57	-117	-7,806	2,796	3,814	-7,113	8,563
overdraft	0	0	0	0	-4,805	3,224	160	1,421	0	0	0	0	0
change in cash	0	0	0	0	3,564	-2,063	-217	-1,538	-7,806	2,796	3,814	-7,113	8,563

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for smart secure electrical wholesale limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in B18 area or any other competitors across 12 key performance metrics.

SMART SECURE ELECTRICAL WHOLESALE LIMITED group structure

Smart Secure Electrical Wholesale Limited has no subsidiary companies.

Ultimate parent company

SMART SECURE ELECTRICAL WHOLESALE LIMITED

07143959

SMART SECURE ELECTRICAL WHOLESALE LIMITED Shareholders

kamaldip singh reehal

100%

Smart Secure Electrical Wholesale Limited currently has 2 directors. The longest serving directors include Mr Kamaldip Reehal (Feb 2010) and Mr Surinder Reehal (Feb 2020).

officer	country	age	start	end	role
Mr Kamaldip Reehal	England	35 years	Feb 2010	-	Director
Mr Surinder Reehal	England	70 years	Feb 2020	-	Director

P&L

February 2023

turnover

536.6k

+6%

operating profit

791.4

gross margin

23.4%

+4.4%

turnover

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

Balance Sheet

February 2023

net assets

19.9k

+0.03%

total assets

196.1k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

07143959

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

46900 - Non-specialised wholesale trade

incorporation date

February 2010

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

grsk uk limited (October 2019)

last accounts submitted

February 2023

address

unit d springhill business park, 110 steward street, birmingham, B18 7AF

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 smart secure electrical wholesale limited.

smart secure electrical wholesale limited Company Information

smart secure electrical wholesale limited Estimated Valuation

smart secure electrical wholesale limited Estimated Valuation

smart secure electrical wholesale limited Estimated Valuation

Smart Secure Electrical Wholesale Limited Overview

Smart Secure Electrical Wholesale Limited Health Check

SMART SECURE ELECTRICAL WHOLESALE LIMITED financials

smart secure electrical wholesale limited Credit Report and Business Information

Smart Secure Electrical Wholesale Limited Competitor Analysis

smart secure electrical wholesale limited Ownership

smart secure electrical wholesale limited directors

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smart secure electrical wholesale limited Charges & Mortgages

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