Secure Innovation Group Limited

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secure innovation group limited Company Information

Company Number

07208320

Next Accounts

Jan 2026

Directors

Anthony Westington

Martin Pascoe

Shareholders

anthony westington

john yandell

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Group Structure

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Industry

Non-trading company

Registered Address

spinnaker house, saltash parkway industrial estat, saltash, cornwall, PL12 6LF

Website

www.staysail.eu

secure innovation group limited Estimated Valuation

£13.5m

Pomanda estimates the enterprise value of SECURE INNOVATION GROUP LIMITED at £13.5m based on a Turnover of £13.8m and 0.98x industry multiple (adjusted for size and gross margin).

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Secure Innovation Group Limited is a live company located in saltash, PL12 6LF with a Companies House number of 07208320. It operates in the non-trading company sector, SIC Code 74990. Founded in March 2010, it's largest shareholder is anthony westington with a 92.1% stake. Secure Innovation Group Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Secure Innovation Group Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £13.8m, make it larger than the average company (£3m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.4%)

EXPORT

Secure Innovation Group Limited's latest turnover from April 2024 is £13.8 million and the company has net assets of £2.4 million. According to their latest financial statements, Secure Innovation Group Limited has 133 employees and maintains cash reserves of £458.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Turnover	13,801,696	13,693,133	13,281,772	11,039,065	12,655,052	13,032,972	11,375,917	10,870,753	11,119,886	10,342,910	10,332,549	10,608,645	11,021,778	7,314,584
Other Income Or Grants
Cost Of Sales	5,713,908	5,841,578	5,946,962	4,342,704	5,301,389	5,769,585	5,741,051	4,007,000	4,358,124	4,044,157	4,158,996	4,857,386	5,982,917	3,375,692
Gross Profit	8,087,788	7,851,555	7,334,810	6,696,361	7,353,663	7,263,387	5,634,866	6,863,753	6,761,762	6,298,753	6,173,553	5,751,259	5,038,861	3,938,892
Admin Expenses	7,647,845	7,238,454	6,867,945	6,501,285	7,681,759	7,048,668	5,112,600	6,054,976	5,949,974	5,387,779	4,744,651	-8,791,762	4,203,671	3,174,997
Operating Profit	439,943	613,101	466,865	195,076	-328,096	214,719	522,266	808,777	811,788	910,974	1,428,902	14,543,021	835,190	763,895
Interest Payable	296,619	276,315	225,436	226,873	286,216	86,214	122,816	97,944	121,895	98,338	102,972	43,976	91,300	18,813
Interest Receivable	3,115	1,132	648	559	1,304	6,876	1,698	1,117	1,350	1,088	26,242	5,996	10,381	2,944
Pre-Tax Profit	146,439	337,918	242,077	-31,238	-613,008	135,381	401,148	711,950	691,243	813,724	1,352,172	1,415,041	754,271	748,026
Tax	-40,834	59,407	123,789	180,682	164,548	86,964	-43,287	-100,183	-50,806	-250,775	-23,902	-200,299	-112,950	601
Profit After Tax	105,605	397,325	365,866	149,444	-448,460	222,345	357,861	611,767	640,437	562,949	1,328,270	1,214,742	641,321	748,627
Dividends Paid						557,761				635,000	145,000		265,000
Retained Profit	105,605	397,325	365,866	149,444	-448,460	-335,416	357,861	611,767	402,317	-344,268	1,458,411	971,793	418,570	598,902
Employee Costs	5,552,851	5,133,548	5,195,252	5,340,055	5,597,701	5,368,812	4,741,167	4,214,991	3,915,450	3,780,268	3,786,856	3,695,011	3,752,107	2,882,952
Number Of Employees	133	129	128	131	131	117	119	112	110	103	104	104	103	98
EBITDA*	636,911	818,078	696,921	771,597	753,435	1,228,855	1,521,130	1,875,764	1,901,962	1,181,183	1,719,802	14,828,355	878,611	995,463

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Tangible Assets	1,925,034	1,483,851	1,602,912	1,753,893	1,552,271	1,627,006	1,177,468	1,130,282	1,302,096	1,572,480	2,011,070	765,411	775,328	788,660
Intangible Assets	1,048,680	887,669	667,673	486,396	753,226	1,406,953	1,959,277	2,820,064	3,680,851	4,185,158	8,281,325	8,281,325	8,621,423	8,621,423
Investments & Other				417,344
Debtors (Due After 1 year)
Total Fixed Assets	2,973,714	2,371,520	2,270,585	2,657,633	2,305,497	3,033,959	3,136,745	3,950,346	4,982,947	5,757,638	10,292,395	9,046,736	9,396,751	9,410,083
Stock & work in progress	3,302,214	3,445,574	2,412,840	1,783,543	1,690,026	2,000,193	1,296,719	1,182,425	956,297	948,468	1,065,525	973,456	1,105,614	1,194,296
Trade Debtors	2,784,120	2,848,828	2,193,906	1,355,094	1,458,135	1,257,441	1,117,694	1,428,449	2,280,063	2,627,657	2,113,028	2,154,124	1,059,417	2,219,575
Group Debtors									7,250	20,050
Misc Debtors	1,168,071	1,434,674	1,582,618	1,658,949	1,256,840	1,258,159	648,849	344,948	120,537	155,483	272,507	680,042	162,832	345,859
Cash	458,487	1,269,467	851,500	1,237,767	774,163	1,128,687	3,169,102	3,262,919	1,422,448	959,708	2,040,411	1,096,899	1,090,442	570,138
misc current assets
total current assets	7,712,892	8,998,543	7,040,864	6,035,353	5,179,164	5,644,480	6,232,364	6,218,741	4,786,595	4,711,366	5,491,471	4,904,521	3,418,305	4,329,868
total assets	10,686,606	11,370,063	9,311,449	8,692,986	7,484,661	8,678,439	9,369,109	10,169,087	9,769,542	10,469,004	15,783,866	13,951,257	12,815,056	13,739,951
Bank overdraft	1,607,026	1,627,734	1,438,468			442,420				305,286		275,000	1,000,000
Bank loan	841,277	226,874	234,322	198,296	81,374	593,685	710,000	700,000	707,000	698,600	780,600			333,333
Trade Creditors	921,241	1,307,667	541,963	374,899	430,299	545,980	660,490	420,772	302,893	606,816	505,197	205,300	642,428	494,944
Group/Directors Accounts			1				4,028				61,526		309,555	66,232
other short term finances	1,956,878	2,361,610	2,510,492	367,315	310,928	290,611	100,742	100,681	100,000	150,000				2,381,044
hp & lease commitments							6,018	12,036	12,036	12,036	12,036	18,350	23,334	23,335
other current liabilities	2,543,602	2,254,861	922,433	1,519,448	1,208,191	952,939	1,118,624	956,466	1,913,059	1,837,467	2,544,300	2,580,788	1,462,963	630,226
total current liabilities	7,870,024	7,778,746	5,647,679	2,459,958	2,030,792	2,825,635	2,599,902	2,189,955	3,034,988	3,610,205	3,903,659	3,079,438	3,438,280	3,929,114
loans	225,000	1,063,305	1,503,153	4,469,340	3,842,345	3,878,296	4,520,391	5,432,080	4,904,184	5,428,594	6,504,021	6,764,422	6,439,422	7,200,000
hp & lease commitments								6,017	18,052	30,088	42,123	12,437	30,664	53,876
Accruals and Deferred Income										49,245		97,505		150,689
other liabilities
provisions	198,899	240,934	270,864	239,801	237,081	151,605	90,497	740,577	623,627	466,897
total long term liabilities	423,899	1,304,239	1,774,017	4,709,141	4,079,426	4,029,901	4,610,888	6,178,674	5,545,863	5,974,824	6,546,144	6,874,364	6,470,086	7,404,565
total liabilities	8,293,923	9,082,985	7,421,696	7,169,099	6,110,218	6,855,536	7,210,790	8,368,629	8,580,851	9,585,029	10,449,803	9,953,802	9,908,366	11,333,679
net assets	2,392,683	2,287,078	1,889,753	1,523,887	1,374,443	1,822,903	2,158,319	1,800,458	1,188,691	279,827	5,002,134	3,390,385	2,542,569	1,999,902
total shareholders funds	2,392,683	2,287,078	1,889,753	1,523,887	1,374,443	1,822,903	2,158,319	1,800,458	1,188,691	279,827	5,002,134	3,390,385	2,542,569	1,999,902

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Operating Activities
Operating Profit	439,943	613,101	466,865	195,076	-328,096	214,719	522,266	808,777	811,788	910,974	1,428,902	14,543,021	835,190	763,895
Depreciation	142,418	147,310	178,725	194,533	182,567	118,992	138,077	206,200	259,320	270,209	290,900	285,334	43,421	231,568
Amortisation	54,550	57,667	51,331	381,988	898,964	895,144	860,787	860,787	830,854
Tax	-40,834	59,407	123,789	180,682	164,548	86,964	-43,287	-100,183	-50,806	-250,775	-23,902	-200,299	-112,950	601
Stock	-143,360	1,032,734	629,297	93,517	-310,167	703,474	114,294	226,128	7,829	-117,057	92,069	-132,158	-88,682	1,194,296
Debtors	-331,311	506,978	762,481	299,068	199,375	749,057	-6,854	-634,453	-395,340	417,655	-448,631	1,611,917	-1,343,185	2,565,434
Creditors	-386,426	765,704	167,064	-55,400	-115,681	-114,510	239,718	117,879	-303,923	101,619	299,897	-437,128	147,484	494,944
Accruals and Deferred Income	288,741	1,332,428	-597,015	311,257	255,252	-165,685	162,158	-956,593	26,347	-657,588	-133,993	1,215,330	682,048	780,915
Deferred Taxes & Provisions	-42,035	-29,930	31,063	2,720	85,476	61,108	-650,080	116,950	156,730	466,897
Cash flow from operations	931,028	1,405,975	-969,956	818,271	1,253,822	-355,799	1,122,199	1,462,142	2,117,821	540,738	2,218,366	13,926,499	3,027,060	-1,487,807
Investing Activities
capital expenditure							-185,263	-34,386	-105,309	177,269	-159,605	64,681	-224,331	-121,347
Change in Investments			-417,344	417,344
cash flow from investments			417,344	-417,344			-185,263	-34,386	-105,309	177,269	-159,605	64,681	-224,331	-121,347
Financing Activities
Bank loans	614,403	-7,448	36,026	116,922	-512,311	-116,315	10,000	-7,000	8,400	-82,000	780,600		-333,333	333,333
Group/Directors Accounts		-1	1			-4,028	4,028			-61,526	61,526	-309,555	243,323	66,232
Other Short Term Loans	-404,732	-148,882	2,143,177	56,387	20,317	189,869	61	681	-50,000	150,000			-2,381,044	2,381,044
Long term loans	-838,305	-439,848	-2,966,187	626,995	-35,951	-642,095	-911,689	527,896	-524,410	-1,075,427	-260,401	325,000	-760,578	7,200,000
Hire Purchase and Lease Commitments						-6,018	-12,035	-12,035	-12,036	-12,035	23,372	-23,211	-23,213	77,211
other long term liabilities
share issue									506,547	-4,378,039	153,338	-123,977	124,097	1,401,000
interest	-293,504	-275,183	-224,788	-226,314	-284,912	-79,338	-121,118	-96,827	-120,545	-97,250	-76,730	-37,980	-80,919	-15,869
cash flow from financing	-922,138	-871,362	-1,011,771	573,990	-812,857	-657,925	-1,030,753	412,715	-192,044	-5,556,277	681,705	-169,723	-3,211,667	11,442,951
cash and cash equivalents
cash	-810,980	417,967	-386,267	463,604	-354,524	-2,040,415	-93,817	1,840,471	462,740	-1,080,703	943,512	6,457	520,304	570,138
overdraft	-20,708	189,266	1,438,468		-442,420	442,420			-305,286	305,286	-275,000	-725,000	1,000,000
change in cash	-790,272	228,701	-1,824,735	463,604	87,896	-2,482,835	-93,817	1,840,471	768,026	-1,385,989	1,218,512	731,457	-479,696	570,138

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SECURE INNOVATION GROUP LIMITED group structure

Secure Innovation Group Limited has 4 subsidiary companies.

Ultimate parent company

SECURE INNOVATION GROUP LIMITED

07208320

4 subsidiaries

SPINNAKER INTERNATIONAL LIMITED

10966572

CRIMETAG LIMITED

08820718

SECURE INNOVATION LIMITED

02516654

BRITISH ENERGETICS LIMITED

03129553

SECURE INNOVATION GROUP LIMITED Shareholders

anthony westington	92.09%
john yandell	3.95%
vivienne yandell	3.95%

Secure Innovation Group Limited currently has 2 directors. The longest serving directors include Mr Anthony Westington (Mar 2010) and Mr Martin Pascoe (Feb 2021).

officer	country	age	start	end	role
Mr Anthony Westington	United Kingdom	57 years	Mar 2010	-	Director
Mr Martin Pascoe	Uk	59 years	Feb 2021	-	Director

P&L

April 2024

turnover

13.8m

+1%

operating profit

439.9k

-28%

gross margin

58.6%

+2.2%

turnover

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

Balance Sheet

April 2024

net assets

2.4m

+0.05%

total assets

10.7m

-0.06%

cash

458.5k

-0.64%

net assets

Total assets minus all liabilities

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company number

07208320

Type

Private limited with Share Capital

industry

74990 - Non-trading company

incorporation date

March 2010

ultimate parent company

None

previous names

staysail limited (January 2023)

address

spinnaker house, saltash parkway industrial estat, saltash, cornwall, PL12 6LF

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We found 6 charges/mortgages relating to secure innovation group limited. Currently there are 2 open charges and 4 have been satisfied in the past.

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secure innovation group limited Company Information

secure innovation group limited Estimated Valuation

secure innovation group limited Estimated Valuation

secure innovation group limited Estimated Valuation

Secure Innovation Group Limited Overview

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SECURE INNOVATION GROUP LIMITED financials

secure innovation group limited Credit Report and Business Information

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secure innovation group limited Companies House Filings - See Documents