ace house 22 chester road, sutton coldfield, B73 5DA
Website
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secure subs limitedEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of SECURE SUBS LIMITED at £2.2m based on a Turnover of £2.8m and 0.78x industry multiple (adjusted for size and gross margin).
secure subs limitedEstimated Valuation
£32.9k
Pomanda estimates the enterprise value of SECURE SUBS LIMITED at £32.9k based on an EBITDA of £6.7k and a 4.94x industry multiple (adjusted for size and gross margin).
secure subs limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SECURE SUBS LIMITED at £0 based on Net Assets of £-582.9k and 2.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Secure Subs LimitedOverview
Secure Subs Limited is a live company located in sutton coldfield, B73 5DA with a Companies House number of 08365570. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in January 2013, it's largest shareholder is
secure holdings investments ltd
with a 100% stake. Secure Subs Limited is a established,
small sized company, Pomanda has estimated its turnover at
£2.8m with
declining
growth in recent years.
Pomanda's financial health check has awarded Secure Subs 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 £2.8m, make it larger than the average company (£152.1k)
£2.8m - Secure Subs Limited
£152.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.7%)
-2% - Secure Subs Limited
6.7% - Industry AVG
Production
with a gross margin of 53.2%, this company has a comparable cost of product (53.2%)
53.2% - Secure Subs Limited
53.2% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (3.8%)
-2.1% - Secure Subs Limited
3.8% - Industry AVG
Employees
with 103 employees, this is above the industry average (5)
103 - Secure Subs Limited
5 - Industry AVG
Pay Structure
on an average salary of £11.4k, the company has an equivalent pay structure (£11.4k)
£11.4k - Secure Subs Limited
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £26.8k, this is less efficient (£38.4k)
£26.8k - Secure Subs Limited
£38.4k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (19 days)
3 days - Secure Subs Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 129 days, this is slower than average (20 days)
129 days - Secure Subs Limited
20 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is more than average (4 days)
8 days - Secure Subs Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (25 weeks)
4 weeks - Secure Subs Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 169.9%, this is a higher level of debt than the average (85.7%)
169.9% - Secure Subs Limited
85.7% - Industry AVG
SECURE SUBS LIMITED financials
EXPORT
Secure Subs Limited's latest turnover from March 2023 is estimated at £2.8 million and the company has net assets of -£582.9 thousand. According to their latest financial statements, Secure Subs Limited has 103 employees and maintains cash reserves of £67.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Turnover
2,760,760
2,798,764
2,544,588
2,961,393
2,757,378
1,039,534
804,456
1,598,654
1,136,927
2,977,863
Other Income Or Grants
Cost Of Sales
1,293,121
1,401,910
1,222,127
1,242,983
1,070,300
436,535
332,986
704,071
468,091
1,251,532
Gross Profit
1,467,639
1,396,854
1,322,461
1,718,410
1,687,078
602,999
471,470
894,584
668,836
1,726,331
Admin Expenses
1,525,057
1,139,682
1,204,298
1,551,048
1,742,314
687,245
186,040
1,075,892
835,487
1,686,400
Operating Profit
-57,418
257,172
118,163
167,362
-55,236
-84,246
285,430
-181,308
-166,651
39,931
Interest Payable
83,299
78,486
86,927
105,710
148,406
134,875
121,292
70,594
Interest Receivable
10,862
3,561
319
169
1,105
553
367
567
257
96
Pre-Tax Profit
-129,855
182,247
31,556
61,821
-202,537
-218,567
164,506
-251,335
-166,394
40,027
Tax
-34,627
-5,996
-11,746
-32,901
-9,206
Profit After Tax
-129,855
147,620
25,560
50,075
-202,537
-218,567
131,605
-251,335
-166,394
30,821
Dividends Paid
Retained Profit
-129,855
147,620
25,560
50,075
-202,537
-218,567
131,605
-251,335
-166,394
30,821
Employee Costs
1,170,282
1,147,500
1,250,664
1,297,917
1,494,232
318,099
247,293
447,612
308,699
846,419
Number Of Employees
103
102
116
125
130
30
24
46
34
96
EBITDA*
6,664
512,923
378,755
477,058
10,306
648,273
824,541
338,910
240,252
99,059
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Tangible Assets
62,051
77,565
96,965
121,207
151,508
189,385
185,350
238,810
258,966
83,321
Intangible Assets
1
48,569
284,920
521,270
799,824
1,495,621
1,017,422
1,477,939
1,348,870
154,551
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
62,052
126,134
381,885
642,477
951,332
1,685,006
1,202,772
1,716,749
1,607,836
237,872
Stock & work in progress
29,146
24,952
16,148
16,148
11,520
4,216
16,800
6,600
6,600
4,050
Trade Debtors
26,922
29,314
29,473
19,902
3,608
63,832
Group Debtors
519,152
595,593
575,498
777,237
663,976
528,659
Misc Debtors
129,395
24,977
621,610
587,042
419,966
131,354
Cash
67,427
443,729
505,975
133,011
204,574
90,081
131,291
162,687
64,199
38,570
misc current assets
total current assets
772,042
1,118,565
1,173,206
736,201
1,231,460
1,002,888
812,067
697,946
74,407
106,452
total assets
834,094
1,244,699
1,555,091
1,378,678
2,182,792
2,687,894
2,014,839
2,414,695
1,682,243
344,324
Bank overdraft
376,715
361,881
372,900
395,616
481,530
483,976
Bank loan
Trade Creditors
459,397
368,031
294,067
138,619
457,562
308,862
226,919
445,284
513,166
313,403
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
281,578
283,492
248,043
120,708
195,466
169,846
40,679
28,547
total current liabilities
740,975
1,028,238
903,991
259,327
1,025,928
874,324
749,128
957,807
513,166
313,403
loans
640,373
608,252
978,670
1,509,511
1,583,500
2,045,187
1,227,661
1,688,162
hp & lease commitments
Accruals and Deferred Income
other liabilities
23,864
37,296
69,618
32,588
46,187
38,669
89,769
155,534
1,304,550
provisions
11,789
23,965
203,484
203,484
203,484
203,484
203,484
total long term liabilities
676,026
669,513
1,251,772
1,745,583
1,833,171
2,287,340
1,520,914
1,843,696
1,304,550
total liabilities
1,417,001
1,697,751
2,155,763
2,004,910
2,859,099
3,161,664
2,270,042
2,801,503
1,817,716
313,403
net assets
-582,907
-453,052
-600,672
-626,232
-676,307
-473,770
-255,203
-386,808
-135,473
30,921
total shareholders funds
-582,907
-453,052
-600,672
-626,232
-676,307
-473,770
-255,203
-386,808
-135,473
30,921
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
-57,418
257,172
118,163
167,362
-55,236
-84,246
285,430
-181,308
-166,651
39,931
Depreciation
15,514
19,400
24,242
30,301
37,877
90,009
78,594
59,702
64,739
20,490
Amortisation
48,568
236,351
236,350
279,395
27,665
642,510
460,517
460,516
342,164
38,638
Tax
-34,627
-5,996
-11,746
-32,901
-9,206
Stock
4,194
8,804
4,628
7,304
-12,584
10,200
2,550
4,050
Debtors
25,585
-1,199
64,041
-428,324
106,775
244,615
135,317
525,051
-60,224
63,832
Creditors
91,366
73,964
155,448
-318,943
148,700
81,943
-218,365
-67,882
199,763
313,403
Accruals and Deferred Income
-1,914
35,449
127,335
-74,758
25,620
129,167
12,132
28,547
Deferred Taxes & Provisions
-12,176
-179,519
203,484
Cash flow from operations
54,161
400,585
591,501
495,307
70,547
627,352
643,374
-225,476
497,689
335,374
Investing Activities
capital expenditure
-841
668,132
-1,214,753
-25,134
-629,131
-1,776,867
-297,000
Change in Investments
cash flow from investments
-841
668,132
-1,214,753
-25,134
-629,131
-1,776,867
-297,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
32,121
-370,418
-530,841
-73,989
-461,687
817,526
-460,501
1,688,162
Hire Purchase and Lease Commitments
other long term liabilities
-13,432
-32,322
37,030
-13,599
7,518
-51,100
-65,765
-1,149,016
1,304,550
share issue
100
interest
-72,437
-74,925
-86,608
-105,541
-147,301
-134,322
-120,925
-70,027
257
96
cash flow from financing
-53,748
-477,665
-580,419
-193,129
-601,470
632,104
-647,191
469,119
1,304,807
196
cash and cash equivalents
cash
-376,302
-62,246
372,964
-71,563
114,493
-41,210
-31,396
98,488
25,629
38,570
overdraft
-376,715
14,834
361,881
-372,900
-22,716
-85,914
-2,446
483,976
change in cash
413
-77,080
11,083
301,337
137,209
44,704
-28,950
-385,488
25,629
38,570
secure subs limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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ace house 22 chester road, sutton coldfield, B73 5DA
Bank
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Legal Advisor
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secure subs 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 subs limited.
secure subs 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 subs limitedCompanies House Filings - See Documents
