Pomanda estimates the enterprise value of SMART TEC SOLUTIONS LIMITED at £10m based on a Turnover of £18.3m and 0.54x industry multiple (adjusted for size and gross margin).
smart tec solutions limitedEstimated Valuation
£915k
Pomanda estimates the enterprise value of SMART TEC SOLUTIONS LIMITED at £915k based on an EBITDA of £169.8k and a 5.39x industry multiple (adjusted for size and gross margin).
smart tec solutions limitedEstimated Valuation
£927.7k
Pomanda estimates the enterprise value of SMART TEC SOLUTIONS LIMITED at £927.7k based on Net Assets of £422.5k and 2.2x industry multiple (adjusted for liquidity).
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Smart Tec Solutions LimitedOverview
Smart Tec Solutions Limited is a live company located in birmingham, B24 9FD with a Companies House number of 09544351. It operates in the electrical installation sector, SIC Code 43210. Founded in April 2015, it's largest shareholder is
smart tec group limited
with a 100% stake. Smart Tec Solutions Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£18.3m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Smart Tec Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
4 Regular
3 Weak
Size
annual sales of £18.3m, make it larger than the average company (£3.4m)
£18.3m - Smart Tec Solutions Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (9.3%)
86% - Smart Tec Solutions Limited
9.3% - Industry AVG
Production
with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)
25.4% - Smart Tec Solutions Limited
25.4% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (6.5%)
0.5% - Smart Tec Solutions Limited
6.5% - Industry AVG
Employees
with 119 employees, this is above the industry average (25)
119 - Smart Tec Solutions Limited
25 - Industry AVG
Pay Structure
on an average salary of £45.2k, the company has an equivalent pay structure (£45.2k)
£45.2k - Smart Tec Solutions Limited
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £153.9k, this is equally as efficient (£154.3k)
£153.9k - Smart Tec Solutions Limited
£154.3k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (57 days)
53 days - Smart Tec Solutions Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (41 days)
79 days - Smart Tec Solutions Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smart Tec Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (22 weeks)
5 weeks - Smart Tec Solutions Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.5%, this is a higher level of debt than the average (58.6%)
89.5% - Smart Tec Solutions Limited
58.6% - Industry AVG
SMART TEC SOLUTIONS LIMITED financials
EXPORT
Smart Tec Solutions Limited's latest turnover from December 2023 is estimated at £18.3 million and the company has net assets of £422.5 thousand. According to their latest financial statements, we estimate that Smart Tec Solutions Limited has 119 employees and maintains cash reserves of £325.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Turnover
18,317,374
7,102,955
5,447,317
2,843,262
3,898,325
1,910,382
2,650,133
1,669,635
943,453
Other Income Or Grants
Cost Of Sales
13,664,867
5,322,798
4,102,834
2,131,777
2,889,559
1,388,039
1,905,573
1,191,493
661,455
Gross Profit
4,652,507
1,780,157
1,344,484
711,485
1,008,766
522,344
744,559
478,143
281,998
Admin Expenses
4,563,405
1,666,905
1,068,908
546,929
884,979
599,320
752,518
450,784
178,489
Operating Profit
89,102
113,252
275,576
164,556
123,787
-76,976
-7,959
27,359
103,509
Interest Payable
36,520
56,675
31,508
10,720
10,359
4,569
9,161
6,563
Interest Receivable
9,435
6,266
557
120
228
970
422
36
3
Pre-Tax Profit
62,017
62,843
244,625
153,956
113,656
-80,576
-16,698
20,833
103,511
Tax
-15,504
-11,940
-46,479
-29,252
-21,595
-4,166
-20,702
Profit After Tax
46,513
50,903
198,146
124,704
92,061
-80,576
-16,698
16,666
82,809
Dividends Paid
Retained Profit
46,513
50,903
198,146
124,704
92,061
-80,576
-16,698
16,666
82,809
Employee Costs
5,373,905
516,779
709,309
779,958
769,846
843,536
772,047
477,786
276,668
Number Of Employees
119
12
17
19
19
21
20
12
7
EBITDA*
169,818
170,880
303,791
177,890
143,429
-76,976
3,070
27,359
104,549
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Tangible Assets
285,595
247,557
150,881
39,056
43,813
55,289
31,094
35,264
11,252
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
285,595
247,557
150,881
39,056
43,813
55,289
31,094
35,264
11,252
Stock & work in progress
40,000
Trade Debtors
2,709,705
2,101,646
1,314,294
735,156
802,237
217,523
549,160
419,571
174,931
Group Debtors
139,018
73,687
Misc Debtors
124,129
66,252
809,984
23,707
56,324
239,389
30,785
14,089
Cash
325,597
33,846
324,232
121,449
337,299
117,989
140,575
28,132
1,029
misc current assets
578,162
total current assets
3,737,593
2,201,744
2,587,528
953,999
1,195,860
614,901
720,520
461,792
175,960
total assets
4,023,188
2,449,301
2,738,409
993,055
1,239,673
670,190
751,614
497,056
187,212
Bank overdraft
89,783
51,364
51,364
38,031
97,491
63,515
37,500
Bank loan
Trade Creditors
2,978,276
536,360
896,391
175,610
536,477
388,620
311,011
62,827
104,401
Group/Directors Accounts
469,932
565,399
15,555
1,694
30,383
14,949
other short term finances
hp & lease commitments
128,071
19,902
19,902
other current liabilities
140,539
336,828
118,978
387,027
331,113
185,469
271,000
124,752
total current liabilities
3,336,669
1,414,386
1,652,034
616,223
966,775
667,987
634,460
187,579
104,401
loans
86,603
421,496
668,935
249,925
178,634
34,375
210,000
hp & lease commitments
121,351
192,015
92,387
Accruals and Deferred Income
other liabilities
provisions
56,096
45,448
total long term liabilities
264,050
658,959
761,322
249,925
178,634
34,375
210,000
total liabilities
3,600,719
2,073,345
2,413,356
866,148
1,145,409
667,987
668,835
397,579
104,401
net assets
422,469
375,956
325,053
126,907
94,264
2,203
82,779
99,477
82,811
total shareholders funds
422,469
375,956
325,053
126,907
94,264
2,203
82,779
99,477
82,811
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Operating Activities
Operating Profit
89,102
113,252
275,576
164,556
123,787
-76,976
-7,959
27,359
103,509
Depreciation
80,716
57,628
28,215
13,334
19,642
11,029
1,040
Amortisation
Tax
-15,504
-11,940
-46,479
-29,252
-21,595
-4,166
-20,702
Stock
-40,000
-40,000
40,000
Debtors
665,936
-95,398
1,430,746
375,638
401,649
-123,033
146,285
258,729
174,931
Creditors
2,441,916
-360,031
720,781
-213,010
147,857
77,609
248,184
-41,574
104,401
Accruals and Deferred Income
-196,289
217,850
-268,049
201,558
145,644
-85,531
146,248
124,752
Deferred Taxes & Provisions
10,648
45,448
Cash flow from operations
1,744,653
157,605
-720,702
-198,452
53,686
-1,865
251,217
-152,358
13,317
Investing Activities
capital expenditure
-118,754
-154,304
-140,040
2,899
-8,166
-24,195
-6,859
-24,012
-12,292
Change in Investments
cash flow from investments
-118,754
-154,304
-140,040
2,899
-8,166
-24,195
-6,859
-24,012
-12,292
Financing Activities
Bank loans
Group/Directors Accounts
-469,932
-95,467
549,844
-14,828
-28,689
15,434
14,949
Other Short Term Loans
Long term loans
-334,893
-247,439
419,010
249,925
178,634
-34,375
-175,625
210,000
Hire Purchase and Lease Commitments
37,505
99,628
112,289
other long term liabilities
share issue
2
interest
-27,085
-50,409
-30,951
-10,600
-10,131
-3,599
-8,739
-6,527
3
cash flow from financing
-794,405
-293,687
1,050,192
224,497
139,814
-22,540
-169,415
203,473
5
cash and cash equivalents
cash
291,751
-290,386
202,783
3,460
219,310
-22,586
112,443
27,103
1,029
overdraft
38,419
13,333
-25,484
33,976
26,015
37,500
change in cash
253,332
-290,386
189,450
28,944
185,334
-48,601
74,943
27,103
1,029
smart tec solutions limited 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 smart tec solutions limited. Get real-time insights into smart tec solutions limited's credit score, group structure and payment trends.
Perform a competitor analysis for smart tec solutions limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in B24 area or any other competitors across 12 key performance metrics.
smart tec solutions limited Ownership
SMART TEC SOLUTIONS LIMITED group structure
Smart Tec Solutions Limited has no subsidiary companies.
The sole shareholder of Smart Tec Solutions Limited is Smart Tec Group Limited.
smart tec group limited
100%
smart tec solutions limited directors
Smart Tec Solutions Limited currently has 2 directors.
The longest serving directors include
Mr Jonathan Potter (Apr 2015) and
Mr Andrew Constantinou (Apr 2015).
unit 5 fort dunlop fort parkway, birmingham, B24 9FD
Bank
BARCLAYS BANK PLC
Legal Advisor
-
smart tec solutions 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 found 3 charges/mortgages relating to smart tec solutions limited. Currently there are 1 open charges and 2 have been satisfied in the past.
smart tec solutions 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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smart tec solutions limitedCompanies House Filings - See Documents
