secure meters assets operator limited
secure meters assets operator limited Company Information
Group Structure
View All
Industry
Financial leasing
Registered Address
secure house lulworth close, chandler's ford, eastleigh, hampshire, SO53 3TL
Website
http://pri.co.uksecure meters assets operator limited Estimated Valuation
Pomanda estimates the enterprise value of SECURE METERS ASSETS OPERATOR LIMITED at £803.9k based on a Turnover of £621.4k and 1.29x industry multiple (adjusted for size and gross margin).
secure meters assets operator limited Estimated Valuation
Pomanda estimates the enterprise value of SECURE METERS ASSETS OPERATOR LIMITED at £1.2m based on an EBITDA of £230.5k and a 5.11x industry multiple (adjusted for size and gross margin).
secure meters assets operator limited Estimated Valuation
Pomanda estimates the enterprise value of SECURE METERS ASSETS OPERATOR LIMITED at £7.4m based on Net Assets of £3.7m and 2x industry multiple (adjusted for liquidity).
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Secure Meters Assets Operator Limited Overview
Secure Meters Assets Operator Limited is a live company located in eastleigh, SO53 3TL with a Companies House number of 08151844. It operates in the financial leasing sector, SIC Code 64910. Founded in July 2012, it's largest shareholder is secure meters ltd with a 100% stake. Secure Meters Assets Operator Limited is a established, small sized company, Pomanda has estimated its turnover at £621.4k with healthy growth in recent years.
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Secure Meters Assets Operator Limited Health Check
Pomanda's financial health check has awarded Secure Meters Assets Operator Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £621.4k, make it smaller than the average company (£3.1m)
- Secure Meters Assets Operator Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.1%)
- Secure Meters Assets Operator Limited
4.1% - Industry AVG
Production
with a gross margin of 45.3%, this company has a comparable cost of product (45.3%)
- Secure Meters Assets Operator Limited
45.3% - Industry AVG
Profitability
an operating margin of 37.1% make it as profitable than the average company (40%)
- Secure Meters Assets Operator Limited
40% - Industry AVG
Employees
with 1 employees, this is below the industry average (10)
1 - Secure Meters Assets Operator Limited
10 - Industry AVG
Pay Structure
on an average salary of £71.8k, the company has an equivalent pay structure (£71.8k)
- Secure Meters Assets Operator Limited
£71.8k - Industry AVG
Efficiency
resulting in sales per employee of £621.4k, this is equally as efficient (£621.4k)
- Secure Meters Assets Operator Limited
£621.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Secure Meters Assets Operator Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Secure Meters Assets Operator Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Secure Meters Assets Operator Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (4 weeks)
41 weeks - Secure Meters Assets Operator Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.5%, this is a lower level of debt than the average (95.4%)
2.5% - Secure Meters Assets Operator Limited
95.4% - Industry AVG
SECURE METERS ASSETS OPERATOR LIMITED financials
Secure Meters Assets Operator Limited's latest turnover from March 2024 is estimated at £621.4 thousand and the company has net assets of £3.7 million. According to their latest financial statements, Secure Meters Assets Operator Limited has 1 employee and maintains cash reserves of £76 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,340,485 | 1,796,128 | 1,692,446 | 416,364 | ||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | 1,340,485 | |||||||||||
| Admin Expenses | 5,447 | 761,109 | ||||||||||
| Operating Profit | -5,447 | 579,376 | 1,236,544 | 1,162,605 | 187,738 | |||||||
| Interest Payable | 300,365 | 402,382 | 349,716 | 52,770 | ||||||||
| Interest Receivable | 113,813 | 5,190 | ||||||||||
| Pre-Tax Profit | 108,366 | 284,201 | 834,162 | 812,889 | 134,968 | |||||||
| Tax | -108,866 | -200,000 | -168,000 | -115,000 | -110,000 | |||||||
| Profit After Tax | -500 | 84,201 | 666,162 | 697,889 | 24,968 | |||||||
| Dividends Paid | ||||||||||||
| Retained Profit | -500 | 84,201 | 666,162 | 697,889 | 24,968 | |||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | ||||
| EBITDA* | -5,447 | 579,376 | 1,236,544 | 1,162,605 | 187,738 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | 9,058,187 | 11,235,182 | 6,174,743 | |||||||||
| Total Fixed Assets | 9,058,187 | 11,235,182 | 6,174,743 | |||||||||
| Stock & work in progress | 1,399,901 | |||||||||||
| Trade Debtors | 4,907,515 | 4,912,515 | ||||||||||
| Group Debtors | 3,730,000 | 3,177,515 | 5,295,461 | 5,189,783 | 5,122,514 | 4,425,715 | 301,938 | 1,995,479 | 1,590,136 | 411,669 | ||
| Misc Debtors | 470 | 1,994 | 300 | 300 | 300 | 195,920 | 252,157 | 510,876 | ||||
| Cash | 75,988 | 382,952 | 2,935 | 2,889 | 10,698 | 118,447 | 1,393 | 493,870 | 6,430,793 | 1,271,348 | 1,219,173 | 273,661 |
| misc current assets | ||||||||||||
| total current assets | 3,805,988 | 3,560,467 | 5,298,866 | 5,194,666 | 5,133,512 | 5,026,262 | 4,914,208 | 4,919,585 | 6,732,731 | 3,462,747 | 3,061,466 | 2,596,107 |
| total assets | 3,805,988 | 3,560,467 | 5,298,866 | 5,194,666 | 5,133,512 | 5,026,262 | 4,914,208 | 4,919,585 | 6,732,731 | 12,520,934 | 14,296,648 | 8,770,850 |
| Bank overdraft | 122,082 | |||||||||||
| Bank loan | 2,000,000 | 2,250,000 | 500,000 | |||||||||
| Trade Creditors | ||||||||||||
| Group/Directors Accounts | 108,866 | 307,500 | 1,275,987 | |||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 96,210 | 32,574 | 23,203 | 3,360 | 29,873 | 29,470 | 23,356 | 3,000 | 1,924,512 | 296,915 | 181,291 | 672,813 |
| total current liabilities | 96,210 | 32,574 | 23,203 | 3,360 | 29,873 | 29,470 | 23,356 | 111,866 | 1,924,512 | 2,296,915 | 2,738,791 | 2,570,882 |
| loans | 5,500,000 | 7,500,000 | 4,500,000 | |||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | 5,500,000 | 7,500,000 | 4,500,000 | |||||||||
| total liabilities | 96,210 | 32,574 | 23,203 | 3,360 | 29,873 | 29,470 | 23,356 | 111,866 | 1,924,512 | 7,796,915 | 10,238,791 | 7,070,882 |
| net assets | 3,709,778 | 3,527,893 | 5,275,663 | 5,191,306 | 5,103,639 | 4,996,792 | 4,890,852 | 4,807,719 | 4,808,219 | 4,724,019 | 4,057,857 | 1,699,968 |
| total shareholders funds | 3,709,778 | 3,527,893 | 5,275,663 | 5,191,306 | 5,103,639 | 4,996,792 | 4,890,852 | 4,807,719 | 4,808,219 | 4,724,019 | 4,057,857 | 1,699,968 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -5,447 | 579,376 | 1,236,544 | 1,162,605 | 187,738 | |||||||
| Depreciation | ||||||||||||
| Amortisation | ||||||||||||
| Tax | -108,866 | -200,000 | -168,000 | -115,000 | -110,000 | |||||||
| Stock | -1,399,901 | 1,399,901 | ||||||||||
| Debtors | 552,485 | -2,118,416 | 104,154 | 68,963 | 214,999 | -5,000 | 487,100 | 4,123,777 | -10,947,648 | -1,827,889 | 5,980,187 | 7,097,288 |
| Creditors | ||||||||||||
| Accruals and Deferred Income | 63,636 | 9,371 | 19,843 | -26,513 | 403 | 6,114 | 20,356 | -1,921,512 | 1,627,597 | 115,624 | -491,522 | 672,813 |
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | -6,159,602 | 12,954,621 | 3,012,057 | -4,024,203 | -7,746,638 | |||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | -2,000,000 | -250,000 | 1,750,000 | 500,000 | ||||||||
| Group/Directors Accounts | -108,866 | 108,866 | -307,500 | -968,487 | 1,275,987 | |||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | -5,500,000 | -2,000,000 | 3,000,000 | 4,500,000 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | 113,813 | -295,175 | -402,382 | -349,716 | -52,770 | |||||||
| cash flow from financing | 222,679 | -7,795,176 | -2,959,882 | 5,091,797 | 7,898,217 | |||||||
| cash and cash equivalents | ||||||||||||
| cash | -306,964 | 380,017 | 46 | -7,809 | -107,749 | 117,054 | -492,477 | -5,936,923 | 5,159,445 | 52,175 | 945,512 | 273,661 |
| overdraft | -122,082 | 122,082 | ||||||||||
| change in cash | -306,964 | 380,017 | 46 | -7,809 | -107,749 | 117,054 | -492,477 | -5,936,923 | 5,159,445 | 52,175 | 1,067,594 | 151,579 |
secure meters assets operator limited Credit Report and Business Information
Secure Meters Assets Operator Limited Competitor Analysis
Perform a competitor analysis for secure meters assets operator limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SO53 area or any other competitors across 12 key performance metrics.
secure meters assets operator limited Ownership
SECURE METERS ASSETS OPERATOR LIMITED group structure
Secure Meters Assets Operator Limited has no subsidiary companies.
Ultimate parent company
SECURE METERS LTD
#0049636
1 parent
SECURE METERS ASSETS OPERATOR LIMITED
08151844
secure meters assets operator limited directors
Secure Meters Assets Operator Limited currently has 1 director, Mr Kaushak Patel serving since Jul 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kaushak Patel | England | 59 years | Jul 2012 | - | Director |
P&L
March 2024turnover
621.4k
+22%
operating profit
230.5k
0%
gross margin
45.4%
-20.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.7m
+0.05%
total assets
3.8m
+0.07%
cash
76k
-0.8%
net assets
Total assets minus all liabilities
secure meters assets operator limited company details
company number
08151844
Type
Private limited with Share Capital
industry
64910 - Financial leasing
incorporation date
July 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
JAMES COWPER KRESTON AUDIT
auditor
-
address
secure house lulworth close, chandler's ford, eastleigh, hampshire, SO53 3TL
Bank
-
Legal Advisor
-
secure meters assets operator 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 did not find charges/mortgages relating to secure meters assets operator limited.
secure meters assets operator 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.
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secure meters assets operator limited Companies House Filings - See Documents
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