Pomanda estimates the enterprise value of SUMMIT PLATFORMS LTD at £79.3m based on a Turnover of £65.5m and 1.21x industry multiple (adjusted for size and gross margin).
summit platforms ltdEstimated Valuation
£177.5m
Pomanda estimates the enterprise value of SUMMIT PLATFORMS LTD at £177.5m based on an EBITDA of £26.9m and a 6.59x industry multiple (adjusted for size and gross margin).
summit platforms ltdEstimated Valuation
£53.9m
Pomanda estimates the enterprise value of SUMMIT PLATFORMS LTD at £53.9m based on Net Assets of £25.1m and 2.15x industry multiple (adjusted for liquidity).
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Summit Platforms LtdOverview
Summit Platforms Ltd is a live company located in maidenhead, SL6 3DX with a Companies House number of 08957126. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in March 2014, it's largest shareholder is
grant woodward
with a 22% stake. Summit Platforms Ltd is a established,
large sized company, Pomanda has estimated its turnover at
£65.5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Summit Platforms Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
2 Regular
3 Weak
Size
annual sales of £65.5m, make it larger than the average company (£13.2m)
£65.5m - Summit Platforms Ltd
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (10.5%)
34% - Summit Platforms Ltd
10.5% - Industry AVG
Production
with a gross margin of 37%, this company has a comparable cost of product (33.5%)
37% - Summit Platforms Ltd
33.5% - Industry AVG
Profitability
an operating margin of 18% make it more profitable than the average company (11.3%)
18% - Summit Platforms Ltd
11.3% - Industry AVG
Employees
with 250 employees, this is above the industry average (63)
250 - Summit Platforms Ltd
63 - Industry AVG
Pay Structure
on an average salary of £55.5k, the company has a higher pay structure (£45.6k)
£55.5k - Summit Platforms Ltd
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £261.9k, this is more efficient (£221.5k)
£261.9k - Summit Platforms Ltd
£221.5k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is near the average (60 days)
70 days - Summit Platforms Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 168 days, this is slower than average (48 days)
168 days - Summit Platforms Ltd
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Summit Platforms Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Summit Platforms Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.3%, this is a higher level of debt than the average (57.8%)
82.3% - Summit Platforms Ltd
57.8% - Industry AVG
SUMMIT PLATFORMS LTD financials
EXPORT
Summit Platforms Ltd's latest turnover from March 2024 is £65.5 million and the company has net assets of £25.1 million. According to their latest financial statements, Summit Platforms Ltd has 250 employees and maintains cash reserves of £2.9 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
Turnover
65,480,906
56,987,226
43,846,226
27,407,926
25,145,679
20,070,470
14,040,890
11,341,940
6,902,847
1,666,725
Other Income Or Grants
Cost Of Sales
41,242,176
36,104,256
27,251,736
17,986,022
15,415,324
12,559,566
9,298,121
7,071,913
4,174,040
1,106,108
Gross Profit
24,238,730
20,882,970
16,594,490
9,421,904
9,730,355
7,510,904
4,742,769
4,270,027
2,728,807
560,617
Admin Expenses
12,445,687
10,486,708
8,013,444
4,849,262
4,486,824
3,712,350
2,482,502
2,052,162
1,371,718
391,225
Operating Profit
11,793,043
10,396,262
8,581,046
4,572,642
5,243,531
3,798,554
2,260,267
2,217,865
1,357,089
169,392
Interest Payable
5,004,011
3,478,793
2,278,159
1,705,093
1,777,671
1,511,338
1,217,908
1,073,708
635,721
74,171
Interest Receivable
827
888
Pre-Tax Profit
6,789,032
6,917,469
6,302,887
2,867,549
3,465,860
2,287,216
1,042,359
1,144,157
722,195
96,109
Tax
-1,837,189
-1,456,928
-2,309,415
-559,191
-784,521
-405,151
-182,355
-189,177
-131,210
-20,710
Profit After Tax
4,951,843
5,460,541
3,993,472
2,308,358
2,681,339
1,882,065
860,004
954,980
590,985
75,399
Dividends Paid
149,415
Retained Profit
4,802,428
5,460,541
3,993,472
2,308,358
2,681,339
1,882,065
860,004
954,980
590,985
75,399
Employee Costs
13,865,549
11,396,197
8,741,933
5,688,698
4,704,881
3,816,478
2,571,832
2,049,737
1,067,817
470,511
Number Of Employees
250
224
186
136
112
93
61
49
31
14
EBITDA*
26,940,086
22,806,135
17,976,400
11,145,310
10,548,706
7,783,521
5,608,737
4,772,252
2,916,052
505,543
* 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
Tangible Assets
127,993,344
107,555,159
90,732,620
62,091,461
48,223,882
40,965,021
28,352,911
24,474,757
16,364,132
7,373,316
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
127,993,344
107,555,159
90,732,620
62,091,461
48,223,882
40,965,021
28,352,911
24,474,757
16,364,132
7,373,316
Stock & work in progress
Trade Debtors
12,720,459
11,865,337
11,061,504
6,979,007
5,444,265
5,201,764
3,197,680
2,719,563
1,788,019
620,346
Group Debtors
Misc Debtors
749,876
189,821
171,394
128,872
147,058
118,963
286,560
115,520
116,438
600,192
Cash
2,873
2,873
2,573
7,327
138,316
276,399
205,281
81,325
191,453
365,612
misc current assets
total current assets
13,473,208
12,058,031
11,235,471
7,115,206
5,729,639
5,597,126
3,689,521
2,916,408
2,095,910
1,586,150
total assets
141,466,552
119,613,190
101,968,091
69,206,667
53,953,521
46,562,147
32,042,432
27,391,165
18,460,042
8,959,466
Bank overdraft
3,702
2,779
462,478
Bank loan
1,778,615
2,150,344
1,064,612
1,244,104
356,261
Trade Creditors
19,075,918
10,664,028
11,572,977
9,024,414
3,358,283
5,971,255
4,104,577
2,303,046
1,546,984
3,854,392
Group/Directors Accounts
other short term finances
4,148,163
5,198,922
4,533,852
2,076,668
hp & lease commitments
18,414,666
21,971,246
17,815,931
13,757,333
11,289,514
8,299,816
5,393,350
4,867,558
3,120,172
807,040
other current liabilities
3,666,937
4,305,615
2,626,403
1,920,486
2,110,479
1,226,044
956,308
460,158
361,889
66,495
total current liabilities
45,309,386
42,142,590
37,011,641
26,778,901
18,536,891
17,647,459
11,518,847
8,874,866
5,385,306
4,727,927
loans
28,860,145
hp & lease commitments
34,151,311
50,862,579
45,568,065
29,764,821
25,606,234
22,570,152
16,709,765
15,744,838
11,447,432
3,326,430
Accruals and Deferred Income
other liabilities
provisions
8,068,486
6,314,725
4,581,730
2,272,315
1,713,124
928,603
523,452
341,097
151,920
20,710
total long term liabilities
71,079,942
57,177,304
50,149,795
32,037,136
27,319,358
23,498,755
17,233,217
16,085,935
11,599,352
3,347,140
total liabilities
116,389,328
99,319,894
87,161,436
58,816,037
45,856,249
41,146,214
28,752,064
24,960,801
16,984,658
8,075,067
net assets
25,077,224
20,293,296
14,806,655
10,390,630
8,097,272
5,415,933
3,290,368
2,430,364
1,475,384
884,399
total shareholders funds
25,077,224
20,293,296
14,806,655
10,390,630
8,097,272
5,415,933
3,290,368
2,430,364
1,475,384
884,399
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Operating Activities
Operating Profit
11,793,043
10,396,262
8,581,046
4,572,642
5,243,531
3,798,554
2,260,267
2,217,865
1,357,089
169,392
Depreciation
15,147,043
12,409,873
9,395,354
6,572,668
5,305,175
3,984,967
3,348,470
2,554,387
1,558,963
336,151
Amortisation
Tax
-1,837,189
-1,456,928
-2,309,415
-559,191
-784,521
-405,151
-182,355
-189,177
-131,210
-20,710
Stock
Debtors
1,415,177
822,260
4,125,019
1,516,556
270,596
1,836,487
649,157
930,626
683,919
1,220,538
Creditors
8,411,890
-908,949
2,548,563
5,666,131
-2,612,972
1,866,678
1,801,531
756,062
-2,307,408
3,854,392
Accruals and Deferred Income
-638,678
1,679,212
705,917
-189,993
884,435
269,736
496,150
98,269
295,394
66,495
Deferred Taxes & Provisions
1,753,761
1,732,995
2,309,415
559,191
784,521
405,151
182,355
189,177
131,210
20,710
Cash flow from operations
33,214,693
23,030,205
17,105,861
15,104,892
8,549,573
8,083,448
7,257,261
4,695,957
220,119
3,205,892
Investing Activities
capital expenditure
-1,094,896
-273,881
-578,686
-10,549,779
-7,709,467
Change in Investments
cash flow from investments
-1,094,896
-273,881
-578,686
-10,549,779
-7,709,467
Financing Activities
Bank loans
-1,778,615
-371,729
1,085,732
-179,492
887,843
356,261
Group/Directors Accounts
Other Short Term Loans
-1,050,759
665,070
2,457,184
2,076,668
Long term loans
28,860,145
Hire Purchase and Lease Commitments
-20,267,848
9,449,829
19,861,842
6,626,406
6,025,780
8,766,853
1,490,719
6,044,792
10,434,134
4,133,470
other long term liabilities
share issue
-18,500
26,100
422,553
-15,000
243,500
809,000
interest
-5,004,011
-3,478,793
-2,278,159
-1,705,093
-1,777,671
-1,511,338
-1,217,908
-1,073,708
-634,894
-73,283
cash flow from financing
2,519,027
6,662,206
20,463,420
5,204,366
3,876,380
8,584,747
93,319
5,858,927
10,155,501
4,869,187
cash and cash equivalents
cash
300
-4,754
-130,989
-138,083
71,118
123,956
-110,128
-174,159
365,612
overdraft
923
-459,699
462,478
change in cash
-923
459,999
-467,232
-130,989
-138,083
71,118
123,956
-110,128
-174,159
365,612
summit platforms ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for summit platforms ltd. Get real-time insights into summit platforms ltd's credit score, group structure and payment trends.
Perform a competitor analysis for summit platforms ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SL6 area or any other competitors across 12 key performance metrics.
summit platforms ltd Ownership
SUMMIT PLATFORMS LTD group structure
Summit Platforms Ltd has no subsidiary companies.
Ultimate parent company
SUMMIT PLATFORMS LTD
08957126
SUMMIT PLATFORMS LTD Shareholders
The largest shareholders in Summit Platforms Ltd include Grant Woodward and Gordon Mcgill.
grant woodward
21.96%
gordon mcgill
17.57%
james watson
13.09%
andrew parker
10.54%
wayne moult
4.39%
stephen williams
3.95%
michael howells
3.78%
gary stephenson
2.2%
peter drew
1.32%
arthur donnelly
0.88%
summit platforms ltd directors
Summit Platforms Ltd currently has 4 directors.
The longest serving directors include
Mr Grant Woodward (Apr 2014) and
Mr Andrew Parker (Apr 2014).
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
abbots 392 limited (March 2014)
accountant
-
auditor
MHA
address
the dunn mawson avenue, littlewick green, maidenhead, berkshire, SL6 3DX
Bank
-
Legal Advisor
-
summit platforms 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 found 5 charges/mortgages relating to summit platforms ltd. Currently there are 4 open charges and 1 have been satisfied in the past.
summit platforms 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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summit platforms ltdCompanies House Filings - See Documents
