simplify moving limited

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simplify moving limited Company Information

Share SIMPLIFY MOVING LIMITED

Company Number

09117397

Directors

Robert Matson

Robert Toms

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Shareholders

ukls midco limited

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

grant hall parsons green, st ives, cambridgeshire, PE27 4AA

simplify moving limited Estimated Valuation

£124.9m

Pomanda estimates the enterprise value of SIMPLIFY MOVING LIMITED at £124.9m based on a Turnover of £120.1m and 1.04x industry multiple (adjusted for size and gross margin).

simplify moving limited Estimated Valuation

£35.6m

Pomanda estimates the enterprise value of SIMPLIFY MOVING LIMITED at £35.6m based on an EBITDA of £4.7m and a 7.61x industry multiple (adjusted for size and gross margin).

simplify moving limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SIMPLIFY MOVING LIMITED at £0 based on Net Assets of £-172.8m and 2.13x industry multiple (adjusted for liquidity).

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Simplify Moving Limited Overview

Simplify Moving Limited is a live company located in cambridgeshire, PE27 4AA with a Companies House number of 09117397. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2014, it's largest shareholder is ukls midco limited with a 100% stake. Simplify Moving Limited is a established, mega sized company, Pomanda has estimated its turnover at £120.1m with declining growth in recent years.

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Simplify Moving Limited Health Check

Pomanda's financial health check has awarded Simplify Moving Limited a 2 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 Check Image
Health Rating2out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £120.1m, make it larger than the average company (£3.7m)

£120.1m - Simplify Moving Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.2%)

-4% - Simplify Moving Limited

8.2% - Industry AVG

production

Production

with a gross margin of 26.5%, this company has a higher cost of product (38.1%)

26.5% - Simplify Moving Limited

38.1% - Industry AVG

profitability

Profitability

an operating margin of -8% make it less profitable than the average company (5.7%)

-8% - Simplify Moving Limited

5.7% - Industry AVG

employees

Employees

with 1413 employees, this is above the industry average (22)

1413 - Simplify Moving Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.4k, the company has a lower pay structure (£46.5k)

£36.4k - Simplify Moving Limited

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85k, this is less efficient (£145.9k)

£85k - Simplify Moving Limited

£145.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is earlier than average (36 days)

20 days - Simplify Moving Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is close to average (33 days)

31 days - Simplify Moving Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Simplify Moving Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (26 weeks)

1 weeks - Simplify Moving Limited

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 245.5%, this is a higher level of debt than the average (58.8%)

245.5% - Simplify Moving Limited

58.8% - Industry AVG

SIMPLIFY MOVING LIMITED financials

EXPORTms excel logo

Simplify Moving Limited's latest turnover from March 2024 is £120.1 million and the company has net assets of -£172.8 million. According to their latest financial statements, Simplify Moving Limited has 1,413 employees and maintains cash reserves of £3.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover120,147,000124,802,000140,289,000137,492,000138,680,00057,591,00050,716,00045,515,00056,873,00034,465,000
Other Income Or Grants
Cost Of Sales88,368,000101,895,000105,910,00099,379,000100,880,00038,813,00033,230,00030,005,00040,622,00024,570,000
Gross Profit31,779,00022,907,00034,379,00038,113,00037,800,00018,778,00017,486,00015,510,00016,251,0009,895,000
Admin Expenses41,343,00047,081,00080,762,00045,715,00046,936,00022,859,00012,368,0008,826,00018,411,00012,817,000
Operating Profit-9,564,000-24,174,000-46,383,000-7,602,000-9,136,000-4,081,0005,118,0006,684,000-2,160,000-2,922,000
Interest Payable19,587,00014,719,00011,974,00011,876,00011,286,0006,075,0005,308,0004,873,0004,588,0003,604,000
Interest Receivable1,00020,0004,00017,000288,00014,0009,00026,000
Pre-Tax Profit-29,150,000-38,893,000-58,337,000-19,474,000-20,405,000-10,156,00098,0001,825,000-6,948,000-6,500,000
Tax6,000-1,401,0001,243,000280,000-661,000998,000-451,000491,0001,191,000882,000
Profit After Tax-29,144,000-40,294,000-57,094,000-19,194,000-21,066,000-9,158,000-353,0002,316,000-5,757,000-5,618,000
Dividends Paid
Retained Profit-29,144,000-40,294,000-57,094,000-19,194,000-21,066,000-9,158,000-353,0002,316,000-6,100,000-5,618,000
Employee Costs51,476,00063,826,00060,868,00054,657,00047,201,00018,640,00015,086,00012,499,00020,110,00012,524,000
Number Of Employees1,4131,9231,9551,7431,464573477426714672
EBITDA*4,674,000-8,989,000-42,286,000-1,967,0009,190,000-318,0008,520,0009,855,0002,476,000-191,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets2,013,0003,098,0003,409,0002,847,0002,745,0002,370,000847,000956,0001,101,000972,000
Intangible Assets29,968,00041,997,00053,481,00085,797,00096,629,000112,461,00039,479,00041,369,00059,929,00063,564,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets31,981,00045,095,00056,890,00088,644,00099,374,000114,831,00040,326,00042,325,00061,030,00064,536,000
Stock & work in progress370,0001,260,000
Trade Debtors6,800,0007,993,0006,097,0006,224,0004,464,0004,986,0003,376,0001,938,0004,097,0004,447,000
Group Debtors46,478,00046,227,00046,132,00045,839,00045,676,00045,611,0001,214,0002,529,000592,000
Misc Debtors29,684,00026,906,00032,967,00028,553,00020,751,00019,605,0005,630,0007,542,0005,595,0004,859,000
Cash3,849,0004,415,0006,593,00019,978,00022,255,00019,188,0001,282,0002,542,0006,045,0004,636,000
misc current assets862,000
total current assets86,811,00085,541,00091,789,000100,594,00093,146,00089,390,00011,502,00014,551,00016,699,00016,064,000
total assets118,792,000130,636,000148,679,000189,238,000192,520,000204,221,00051,828,00056,876,00077,729,00080,600,000
Bank overdraft4,000,0004,000,0004,000,0004,000,000
Bank loan1,449,0001,442,0001,362,000882,000
Trade Creditors 7,654,0006,873,0007,068,0006,499,0005,392,0005,080,0002,735,0003,181,0002,699,0002,876,000
Group/Directors Accounts79,273,00075,257,00059,031,00057,588,00056,810,00055,926,000
other short term finances1,139,000614,0003,346,000
hp & lease commitments
other current liabilities37,620,00035,889,00039,267,00036,199,00024,435,00025,836,00013,908,00018,044,00016,009,00014,386,000
total current liabilities128,547,000122,019,000109,366,000100,286,00090,637,00086,842,00018,092,00023,806,00020,684,00021,490,000
loans162,587,000151,539,000142,023,000134,768,000128,000,000122,186,00087,312,00088,335,00087,652,00045,906,000
hp & lease commitments
Accruals and Deferred Income
other liabilities4,00038,398,000
provisions489,000765,000679,000483,000988,0001,232,0003,088,0003,870,0005,528,0006,878,000
total long term liabilities163,076,000152,304,000142,706,000135,251,000128,988,000123,418,00071,140,00070,121,00068,825,00064,790,000
total liabilities291,623,000274,323,000252,072,000235,537,000219,625,000210,260,00089,232,00093,927,00089,509,00086,280,000
net assets-172,831,000-143,687,000-103,393,000-46,299,000-27,105,000-6,039,000-37,404,000-37,051,000-11,780,000-5,680,000
total shareholders funds-172,831,000-143,687,000-103,393,000-46,299,000-27,105,000-6,039,000-37,404,000-37,051,000-11,780,000-5,680,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit-9,564,000-24,174,000-46,383,000-7,602,000-9,136,000-4,081,0005,118,0006,684,000-2,160,000-2,922,000
Depreciation1,177,0001,315,0001,252,0001,069,000894,000318,000298,000215,000405,000245,000
Amortisation13,061,00013,870,0002,845,0004,566,00017,432,0003,445,0003,104,0002,956,0004,231,0002,486,000
Tax6,000-1,401,0001,243,000280,000-661,000998,000-451,000491,0001,191,000882,000
Stock-370,000-890,0001,260,000
Debtors1,836,000-4,070,0004,580,0009,725,000689,00059,982,000-1,789,0001,725,000978,0009,306,000
Creditors781,000-195,000569,0001,107,000312,0002,345,000-446,000482,000-177,0002,876,000
Accruals and Deferred Income1,731,000-3,378,0003,068,00011,764,000-1,401,00011,928,000-4,136,0002,035,0001,623,00014,386,000
Deferred Taxes & Provisions-276,00086,000196,000-505,000-244,000-1,856,000-782,000-1,658,000-1,350,0006,878,000
Cash flow from operations5,080,000-9,807,000-41,790,000954,0006,507,000-46,885,0004,494,0009,850,0003,675,00014,265,000
Investing Activities
capital expenditure-4,982,000-1,403,00015,534,000-1,130,000-67,267,000
Change in Investments
cash flow from investments-4,982,000-1,403,00015,534,000-1,130,000-67,267,000
Financing Activities
Bank loans-1,449,0007,00080,000480,000882,000
Group/Directors Accounts4,016,00016,226,0001,443,000778,000884,00055,926,000
Other Short Term Loans -1,139,000525,000-2,732,0003,346,000
Long term loans11,048,0009,516,0007,255,0006,768,0005,814,00034,874,000-1,023,000683,00041,746,00045,906,000
Hire Purchase and Lease Commitments
other long term liabilities-4,0004,000-38,398,00038,398,000
share issue40,523,000-27,587,000-62,000
interest-19,586,000-14,719,000-11,954,000-11,872,000-11,269,000-6,075,000-5,020,000-4,859,000-4,579,000-3,578,000
cash flow from financing-4,522,00011,019,000-3,252,000-4,326,000-4,571,000123,799,000-7,175,000-31,158,000-3,483,00084,892,000
cash and cash equivalents
cash-566,000-2,178,000-13,385,000-2,277,0003,067,00017,906,000-1,260,000-3,503,0001,409,0004,636,000
overdraft4,000,000-4,000,0004,000,000
change in cash-566,000-2,178,000-17,385,0001,723,000-933,00017,906,000-1,260,000-3,503,0001,409,0004,636,000

simplify moving limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Simplify Moving Limited Competitor Analysis

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Perform a competitor analysis for simplify moving limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in PE27 area or any other competitors across 12 key performance metrics.

simplify moving limited Ownership

SIMPLIFY MOVING LIMITED group structure

Simplify Moving Limited has 2 subsidiary companies.

Ultimate parent company

UKLS TOPCO LTD

#0089712

2 parents

SIMPLIFY MOVING LIMITED

09117397

2 subsidiaries

SIMPLIFY MOVING LIMITED Shareholders

ukls midco limited 100%

simplify moving limited directors

Simplify Moving Limited currently has 3 directors. The longest serving directors include Mr Robert Matson (Nov 2019) and Mr Robert Toms (May 2024).

officercountryagestartendrole
Mr Robert Matson54 years Nov 2019- Director
Mr Robert TomsUnited Kingdom63 years May 2024- Director
Mr Aqib KadarEngland41 years Feb 2025- Director

P&L

March 2024

turnover

120.1m

-4%

operating profit

-9.6m

-60%

gross margin

26.5%

+44.11%

turnover

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

Balance Sheet

March 2024

net assets

-172.8m

+0.2%

total assets

118.8m

-0.09%

cash

3.8m

-0.13%

net assets

Total assets minus all liabilities

simplify moving limited company details

company number

09117397

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2014

age

11

incorporated

UK

ultimate parent company

UKLS TOPCO LTD

accounts

Group

last accounts submitted

March 2024

previous names

ukls acquisitions limited (June 2023)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

grant hall parsons green, st ives, cambridgeshire, PE27 4AA

Bank

HSBC BANK PLC

Legal Advisor

-

simplify moving 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 simplify moving limited.

simplify moving 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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simplify moving limited Companies House Filings - See Documents

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