Silversurfers Limited

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SOLUTIONS

silversurfers limited Company Information

Live

EstablishedSmallDeclining

Company Number

08211276

Next Accounts

Jun 2025

Industry

Web portals

Directors

Christopher Oliver

Martin Lock

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Shareholders

martin lock

salmon properties limited pension scheme

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Group Structure

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Contact

Registered Address

10 queen street place, london, EC4R 1AG

Website

silverhairsclub.com

silversurfers limited Estimated Valuation

£731.6k

Pomanda estimates the enterprise value of SILVERSURFERS LIMITED at £731.6k based on Net Assets of £325.2k and 2.25x industry multiple (adjusted for liquidity).

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Silversurfers Limited is a live company located in london, EC4R 1AG with a Companies House number of 08211276. It operates in the web portals sector, SIC Code 63120. Founded in September 2012, it's largest shareholder is martin lock with a 20.6% stake. Silversurfers Limited is a established, small sized company, Pomanda has estimated its turnover at £668.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Silversurfers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £668.3k, make it smaller than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (9.9%)

EXPORT

Silversurfers Limited's latest turnover from September 2023 is estimated at £668.3 thousand and the company has net assets of £325.2 thousand. According to their latest financial statements, Silversurfers Limited has 6 employees and maintains cash reserves of £177.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Turnover	668,319	790,979	569,144	885,553	446,359	409,638	459,312	209,888	166,898	589,054	430,308
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	322,482	257,166	174,159	291,546	158,853	146,637	215,981	92,624	54,073	262,012	153,819
Gross Profit	345,837	533,813	394,985	594,007	287,507	263,001	243,331	117,265	112,826	327,042	276,489
Admin Expenses	465,892	517,049	498,385	750,235	554,776	244,541	460,724	395,901	626,612	694,395	554,382
Operating Profit	-120,055	16,764	-103,400	-156,228	-267,269	18,460	-217,393	-278,636	-513,786	-367,353	-277,893
Interest Payable	280	521	250	17	0	0	0	0	0	0	0
Interest Receivable	12,310	5,408	256	347	2,551	1,669	641	837	2,538	2,801	994
Pre-Tax Profit	-108,026	21,651	-103,394	-155,898	-264,718	20,130	-216,752	-277,799	-511,248	-364,552	-276,899
Tax	0	-4,114	0	0	0	-3,825	0	0	0	0	0
Profit After Tax	-108,026	17,537	-103,394	-155,898	-264,718	16,305	-216,752	-277,799	-511,248	-364,552	-276,899
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-108,026	17,537	-103,394	-155,898	-264,718	16,305	-216,752	-277,799	-511,248	-364,552	-276,899
Employee Costs	303,213	270,162	275,994	278,009	98,666	99,220	96,459	96,430	92,369	223,338	176,977
Number Of Employees	6	6	6	6	2	2	2	2	2	5	4
EBITDA*	-65,334	73,139	-45,428	-103,949	-210,659	75,484	-164,183	-238,445	-485,540	-353,461	-272,726

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Tangible Assets	2,252	3,145	2,316	1,661	1,217	1,694	2,170	547	0	0	0
Intangible Assets	121,630	141,171	159,554	117,256	122,104	130,237	152,535	148,794	127,975	97,721	20,669
Investments & Other	61	61	110	110	110	110	54	54	53	51	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	123,943	144,377	161,980	119,027	123,431	132,041	154,759	149,395	128,028	97,772	20,669
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	80,475	122,532	114,350	151,436	76,118	81,462	94,772	28,500	22,025	75,115	62,734
Group Debtors	1,250	344	213	213	213	0	0	0	0	0	0
Misc Debtors	295	563	2,003	2	14,452	20,765	9,694	6,946	0	0	0
Cash	177,896	291,038	189,668	322,610	370,975	309,203	135,995	376,561	292,681	722,622	397,695
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	259,916	414,477	306,234	474,261	461,758	411,430	240,461	412,007	314,706	797,737	460,429
total assets	383,859	558,854	468,214	593,288	585,189	543,471	395,220	561,402	442,734	895,509	481,098
Bank overdraft	0	4,984	7,644	550	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,548	3,650	1,445	1,733	25,168	13,934	8,675	24,197	40,868	110,763	74,275
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	56,135	117,018	43,460	71,946	55,629	130,195	116,422	50,330	0	0	0
total current liabilities	58,683	125,652	52,549	74,229	80,797	144,129	125,097	74,527	40,868	110,763	74,275
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	38,020	38,020
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	38,020	38,020
total liabilities	58,683	125,652	52,549	74,229	80,797	144,129	125,097	74,527	40,868	148,783	112,295
net assets	325,176	433,202	415,665	519,059	504,392	399,342	270,123	486,875	401,866	746,726	368,803
total shareholders funds	325,176	433,202	415,665	519,059	504,392	399,342	270,123	486,875	401,866	746,726	368,803

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Operating Activities
Operating Profit	-120,055	16,764	-103,400	-156,228	-267,269	18,460	-217,393	-278,636	-513,786	-367,353	-277,893
Depreciation	894	1,093	719	731	477	476	151	61	0	0	0
Amortisation	53,827	55,282	57,253	51,548	56,133	56,548	53,059	40,130	28,246	13,892	5,167
Tax	0	-4,114	0	0	0	-3,825	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-41,419	6,873	-35,085	60,868	-11,444	-2,239	69,020	13,421	-53,090	12,381	62,734
Creditors	-1,102	2,205	-288	-23,435	11,234	5,259	-15,522	-16,671	-69,895	36,488	74,275
Accruals and Deferred Income	-60,883	73,558	-28,486	16,317	-74,566	13,773	66,092	50,330	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-85,900	137,915	-39,117	-171,935	-262,547	92,930	-182,633	-218,207	-502,345	-329,354	-261,185
Investing Activities
capital expenditure	-34,287	-38,821	-100,925	-47,875	-48,000	-34,250	-58,574	-61,557	-58,500	-90,944	-25,836
Change in Investments	0	-49	0	0	0	56	0	1	2	51	0
cash flow from investments	-34,287	-38,772	-100,925	-47,875	-48,000	-34,306	-58,574	-61,558	-58,502	-90,995	-25,836
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-38,020	0	38,020
share issue	0	0	0	170,565	369,768	112,914	0	362,808	166,388	742,475	645,702
interest	12,030	4,887	6	330	2,551	1,669	641	837	2,538	2,801	994
cash flow from financing	12,030	4,887	6	170,895	372,319	114,583	641	363,645	130,906	745,276	684,716
cash and cash equivalents
cash	-113,142	101,370	-132,942	-48,365	61,772	173,208	-240,566	83,880	-429,941	324,927	397,695
overdraft	-4,984	-2,660	7,094	550	0	0	0	0	0	0	0
change in cash	-108,158	104,030	-140,036	-48,915	61,772	173,208	-240,566	83,880	-429,941	324,927	397,695

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SILVERSURFERS LIMITED group structure

Silversurfers Limited has 1 subsidiary company.

Ultimate parent company

SILVERSURFERS LIMITED

08211276

1 subsidiary

SILVERSURFERS LIMITED

05344370

SILVERSURFERS LIMITED Shareholders

martin lock	20.58%
salmon properties limited pension scheme	7.96%
christopher oliver	6.8%
nigel colne	6.48%
preston rabl	5.95%
james sunley	5.18%
gordon black	2.96%
richard peskin	2.56%
adrian barr-smith	2.4%
lesley joanne lane	2.02%

Silversurfers Limited currently has 9 directors. The longest serving directors include Mr Christopher Oliver (Sep 2012) and Mr Martin Lock (Sep 2012).

officer	country	age	start	end	role
Mr Christopher Oliver		61 years	Sep 2012	-	Director
Mr Martin Lock		66 years	Sep 2012	-	Director
Mr Adrian Barr-Smith	United Kingdom	73 years	Feb 2013	-	Director
General Sir Graeme Lamb	United Kingdom	71 years	Mar 2013	-	Director
Mr Nigel Colne		84 years	Mar 2013	-	Director
Mrs Denise Pritchard	United Kingdom	63 years	Nov 2013	-	Director
Mr Peter Hannant	United Kingdom	60 years	Mar 2014	-	Director
Mr Preston Rabl		76 years	Sep 2014	-	Director
Ms Lyndsay Braidwood	United Kingdom	48 years	Oct 2014	-	Director

P&L

September 2023

turnover

668.3k

-16%

operating profit

-120.1k

gross margin

51.8%

-23.32%

turnover

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

Balance Sheet

September 2023

net assets

325.2k

-0.25%

total assets

383.9k

-0.31%

cash

177.9k

-0.39%

net assets

Total assets minus all liabilities

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company number

08211276

Type

Private limited with Share Capital

industry

63120 - Web portals

incorporation date

September 2012

ultimate parent company

None

previous names

silverhairs limited (June 2024)

silverhairs.com limited (September 2012)

address

10 queen street place, london, EC4R 1AG

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.

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silversurfers limited Company Information

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silversurfers limited Estimated Valuation

silversurfers limited Estimated Valuation

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