setec property limited
setec property limited Company Information
Group Structure
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Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1Registered Address
suite 1.1, 11 mallard way, pride park, derby, DE24 8GX
Website
-setec property limited Estimated Valuation
Pomanda estimates the enterprise value of SETEC PROPERTY LIMITED at £3.6m based on a Turnover of £2.1m and 1.68x industry multiple (adjusted for size and gross margin).
setec property limited Estimated Valuation
Pomanda estimates the enterprise value of SETEC PROPERTY LIMITED at £207.4k based on an EBITDA of £51.2k and a 4.05x industry multiple (adjusted for size and gross margin).
setec property limited Estimated Valuation
Pomanda estimates the enterprise value of SETEC PROPERTY LIMITED at £258.2k based on Net Assets of £125.5k and 2.06x industry multiple (adjusted for liquidity).
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Setec Property Limited Overview
Setec Property Limited is a live company located in derby, DE24 8GX with a Companies House number of 08789412. It operates in the other holiday and other collective accommodation sector, SIC Code 55209. Founded in November 2013, it's largest shareholder is setec group limited with a 100% stake. Setec Property Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with rapid growth in recent years.
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Setec Property Limited Health Check
Pomanda's financial health check has awarded Setec Property Limited a 3 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
4 Strong
1 Regular
6 Weak
Size
annual sales of £2.1m, make it larger than the average company (£798k)
- Setec Property Limited
£798k - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (9%)
- Setec Property Limited
9% - Industry AVG
Production
with a gross margin of 33.8%, this company has a higher cost of product (69.7%)
- Setec Property Limited
69.7% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (18%)
- Setec Property Limited
18% - Industry AVG
Employees
with 1 employees, this is below the industry average (10)
1 - Setec Property Limited
10 - Industry AVG
Pay Structure
on an average salary of £29.4k, the company has an equivalent pay structure (£29.4k)
- Setec Property Limited
£29.4k - Industry AVG
Efficiency
resulting in sales per employee of £2.1m, this is more efficient (£136.8k)
- Setec Property Limited
£136.8k - Industry AVG
Debtor Days
it gets paid by customers after 116 days, this is later than average (21 days)
- Setec Property Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 482 days, this is slower than average (47 days)
- Setec Property Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Setec Property Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (27 weeks)
3 weeks - Setec Property Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.7%, this is a higher level of debt than the average (62.4%)
93.7% - Setec Property Limited
62.4% - Industry AVG
SETEC PROPERTY LIMITED financials
Setec Property Limited's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of £125.5 thousand. According to their latest financial statements, Setec Property Limited has 1 employee and maintains cash reserves of £139.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,960 | 13,475 | 15,854 | 10,944 | 12,719 | 9,090 | 10,619 | 14,492 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,157,397 | 1,157,397 | 1,157,397 | 1,070,935 | 972,209 | 439,283 | 438,203 | 699,286 | 100 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,170,357 | 1,170,872 | 1,173,251 | 1,081,879 | 984,928 | 448,373 | 448,822 | 713,778 | 100 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 680,323 | 422,507 | 414,436 | 59,440 | 26,640 | 326,002 | 18,100 | 6,100 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 139,447 | 337,613 | 321,005 | 497,421 | 468,552 | 648,042 | 267,270 | 232 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 819,770 | 760,120 | 735,441 | 556,861 | 495,192 | 974,044 | 285,370 | 6,332 | 0 | 0 |
| total assets | 1,990,127 | 1,930,992 | 1,908,692 | 1,638,740 | 1,480,120 | 1,422,417 | 734,192 | 720,110 | 100 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,864,584 | 1,850,555 | 1,850,555 | 1,631,252 | 1,483,683 | 1,429,124 | 752,242 | 735,657 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,864,584 | 1,850,555 | 1,850,555 | 1,631,252 | 1,483,683 | 1,429,124 | 752,242 | 735,657 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,864,584 | 1,850,555 | 1,850,555 | 1,631,252 | 1,483,683 | 1,429,124 | 752,242 | 735,657 | 0 | 0 |
| net assets | 125,543 | 80,437 | 58,137 | 7,488 | -3,563 | -6,707 | -18,050 | -15,547 | 100 | 0 |
| total shareholders funds | 125,543 | 80,437 | 58,137 | 7,488 | -3,563 | -6,707 | -18,050 | -15,547 | 100 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 3,617 | 3,963 | 2,223 | 3,648 | 4,240 | 3,029 | 3,498 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 257,816 | 8,071 | 354,996 | 32,800 | -299,362 | 307,902 | 12,000 | 6,100 | 0 | 0 |
| Creditors | 14,029 | 0 | 219,303 | 147,569 | 54,559 | 676,882 | 16,585 | 735,657 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 86,462 | 98,726 | 532,926 | 1,080 | -261,083 | 699,186 | 100 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -198,166 | 16,608 | -176,416 | 28,869 | -179,490 | 380,772 | 267,038 | 232 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -198,166 | 16,608 | -176,416 | 28,869 | -179,490 | 380,772 | 267,038 | 232 | 0 | 0 |
setec property limited Credit Report and Business Information
Setec Property Limited Competitor Analysis
Perform a competitor analysis for setec property limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DE24 area or any other competitors across 12 key performance metrics.
setec property limited Ownership
SETEC PROPERTY LIMITED group structure
Setec Property Limited has no subsidiary companies.
setec property limited directors
Setec Property Limited currently has 1 director, Mr Craig King serving since Nov 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Craig King | 59 years | Nov 2013 | - | Director |
P&L
December 2023turnover
2.1m
+46%
operating profit
47.6k
0%
gross margin
33.9%
+9.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
125.5k
+0.56%
total assets
2m
+0.03%
cash
139.4k
-0.59%
net assets
Total assets minus all liabilities
setec property limited company details
company number
08789412
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
55209 - Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.
incorporation date
November 2013
age
12
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
setec group limited (September 2016)
setec security electronics limited (March 2016)
accountant
-
auditor
-
address
suite 1.1, 11 mallard way, pride park, derby, DE24 8GX
Bank
-
Legal Advisor
-
setec property 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 setec property limited.
setec property 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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setec property limited Companies House Filings - See Documents
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