surefirething ltd
surefirething ltd Company Information
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
the stables broseley hall, church street, broseley, shropshire, TF12 5DG
Website
www.surefirething.co.uksurefirething ltd Estimated Valuation
Pomanda estimates the enterprise value of SUREFIRETHING LTD at £86.4k based on a Turnover of £125.7k and 0.69x industry multiple (adjusted for size and gross margin).
surefirething ltd Estimated Valuation
Pomanda estimates the enterprise value of SUREFIRETHING LTD at £0 based on an EBITDA of £-4.7k and a 4.85x industry multiple (adjusted for size and gross margin).
surefirething ltd Estimated Valuation
Pomanda estimates the enterprise value of SUREFIRETHING LTD at £42k based on Net Assets of £18.4k and 2.29x industry multiple (adjusted for liquidity).
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Surefirething Ltd Overview
Surefirething Ltd is a live company located in broseley, TF12 5DG with a Companies House number of 08261765. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in October 2012, it's largest shareholder is andrew garner with a 100% stake. Surefirething Ltd is a established, micro sized company, Pomanda has estimated its turnover at £125.7k with healthy growth in recent years.
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Surefirething Ltd Health Check
Pomanda's financial health check has awarded Surefirething Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £125.7k, make it smaller than the average company (£1.3m)
- Surefirething Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.2%)
- Surefirething Ltd
7.2% - Industry AVG
Production
with a gross margin of 48.5%, this company has a comparable cost of product (48.5%)
- Surefirething Ltd
48.5% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (6.7%)
- Surefirething Ltd
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Surefirething Ltd
12 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£56.9k)
- Surefirething Ltd
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £125.7k, this is equally as efficient (£125.7k)
- Surefirething Ltd
£125.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Surefirething Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Surefirething Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Surefirething Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 208 weeks, this is more cash available to meet short term requirements (18 weeks)
208 weeks - Surefirething Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.9%, this is a lower level of debt than the average (57.9%)
24.9% - Surefirething Ltd
57.9% - Industry AVG
SUREFIRETHING LTD financials
Surefirething Ltd's latest turnover from October 2023 is estimated at £125.7 thousand and the company has net assets of £18.4 thousand. According to their latest financial statements, Surefirething Ltd has 1 employee and maintains cash reserves of £24.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,027 | 3,023 | 2,297 | 3,240 | 3,818 | 394 | 1,696 | 1,869 | 1,669 | ||
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 1,027 | 3,023 | 2,297 | 3,240 | 3,818 | 394 | 1,696 | 1,869 | 1,669 | ||
| Stock & work in progress | |||||||||||
| Trade Debtors | 18 | 18 | 9,544 | 6,424 | 3,120 | 15,187 | |||||
| Group Debtors | |||||||||||
| Misc Debtors | 89 | 89 | 137 | 679 | 598 | 469 | 289 | 404 | |||
| Cash | 24,367 | 26,482 | 30,563 | 39,157 | 98,806 | 69,750 | 71,018 | 69,806 | 102,929 | 90,387 | 44,853 |
| misc current assets | |||||||||||
| total current assets | 24,456 | 26,589 | 30,718 | 39,836 | 99,404 | 79,763 | 77,731 | 73,330 | 102,929 | 105,574 | 44,853 |
| total assets | 24,456 | 26,589 | 31,745 | 42,859 | 101,701 | 83,003 | 81,549 | 73,724 | 104,625 | 107,443 | 46,522 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 40,162 | 34,099 | 21,077 | ||||||||
| Group/Directors Accounts | 5,348 | 4,036 | 3,725 | 1,411 | 1,142 | 934 | 804 | 22,894 | |||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 738 | 777 | 740 | 6,899 | 31,857 | 28,140 | 25,919 | 23,044 | |||
| total current liabilities | 6,086 | 4,813 | 4,465 | 8,310 | 32,999 | 29,074 | 26,723 | 45,938 | 40,162 | 34,099 | 21,077 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | |||||||||||
| total liabilities | 6,086 | 4,813 | 4,465 | 8,310 | 32,999 | 29,074 | 26,723 | 45,938 | 40,162 | 34,099 | 21,077 |
| net assets | 18,370 | 21,776 | 27,280 | 34,549 | 68,702 | 53,929 | 54,826 | 27,786 | 64,463 | 73,344 | 25,445 |
| total shareholders funds | 18,370 | 21,776 | 27,280 | 34,549 | 68,702 | 53,929 | 54,826 | 27,786 | 64,463 | 73,344 | 25,445 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 1,027 | 1,996 | 3,172 | 3,513 | 2,366 | 2,057 | 2,090 | 2,720 | 1,687 | 955 | |
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | -18 | -48 | -524 | 81 | -9,415 | 3,300 | 3,189 | 3,524 | -15,187 | 15,187 | |
| Creditors | -40,162 | 6,063 | 13,022 | 21,077 | |||||||
| Accruals and Deferred Income | -39 | 37 | -6,159 | -24,958 | 3,717 | 2,221 | 2,875 | 23,044 | |||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 1,312 | 311 | 2,314 | 269 | 208 | 130 | -22,090 | 22,894 | |||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -2,115 | -4,081 | -8,594 | -59,649 | 29,056 | -1,268 | 1,212 | -33,123 | 12,542 | 45,534 | 44,853 |
| overdraft | |||||||||||
| change in cash | -2,115 | -4,081 | -8,594 | -59,649 | 29,056 | -1,268 | 1,212 | -33,123 | 12,542 | 45,534 | 44,853 |
surefirething ltd Credit Report and Business Information
Surefirething Ltd Competitor Analysis
Perform a competitor analysis for surefirething ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in TF12 area or any other competitors across 12 key performance metrics.
surefirething ltd Ownership
SUREFIRETHING LTD group structure
Surefirething Ltd has no subsidiary companies.
Ultimate parent company
SUREFIRETHING LTD
08261765
surefirething ltd directors
Surefirething Ltd currently has 1 director, Mr Andrew Garner serving since Oct 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Garner | England | 41 years | Oct 2012 | - | Director |
P&L
October 2023turnover
125.7k
+183%
operating profit
-4.7k
0%
gross margin
48.5%
+1.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
18.4k
-0.16%
total assets
24.5k
-0.08%
cash
24.4k
-0.08%
net assets
Total assets minus all liabilities
surefirething ltd company details
company number
08261765
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
October 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
surefire thing ltd (November 2012)
accountant
HUGHES & CO
auditor
-
address
the stables broseley hall, church street, broseley, shropshire, TF12 5DG
Bank
-
Legal Advisor
-
surefirething ltd 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 surefirething ltd.
surefirething ltd 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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surefirething ltd Companies House Filings - See Documents
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