Pomanda estimates the enterprise value of SECUREWORKS EUROPE LIMITED at £56.3m based on a Turnover of £44m and 1.28x industry multiple (adjusted for size and gross margin).
secureworks europe limitedEstimated Valuation
£31.4m
Pomanda estimates the enterprise value of SECUREWORKS EUROPE LIMITED at £31.4m based on an EBITDA of £3.6m and a 8.71x industry multiple (adjusted for size and gross margin).
secureworks europe limitedEstimated Valuation
£60.3m
Pomanda estimates the enterprise value of SECUREWORKS EUROPE LIMITED at £60.3m based on Net Assets of £26.8m and 2.25x industry multiple (adjusted for liquidity).
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Secureworks Europe LimitedOverview
Secureworks Europe Limited is a live company located in abingdon, OX14 3YP with a Companies House number of 09546890. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2015, it's largest shareholder is
secureworks inc
with a 100% stake. Secureworks Europe Limited is a established,
large sized company, Pomanda has estimated its turnover at
£44m with
declining
growth in recent years.
Pomanda's financial health check has awarded Secureworks Europe Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
1 Regular
5 Weak
Size
annual sales of £44m, make it larger than the average company (£7.3m)
£44m - Secureworks Europe Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8.8%)
-12% - Secureworks Europe Limited
8.8% - Industry AVG
Production
with a gross margin of 37%, this company has a higher cost of product (49.8%)
37% - Secureworks Europe Limited
49.8% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (3.9%)
2.1% - Secureworks Europe Limited
3.9% - Industry AVG
Employees
with 108 employees, this is above the industry average (42)
108 - Secureworks Europe Limited
42 - Industry AVG
Pay Structure
on an average salary of £196.8k, the company has a higher pay structure (£73.6k)
£196.8k - Secureworks Europe Limited
£73.6k - Industry AVG
Efficiency
resulting in sales per employee of £407.2k, this is more efficient (£177.1k)
£407.2k - Secureworks Europe Limited
£177.1k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (52 days)
47 days - Secureworks Europe Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (34 days)
14 days - Secureworks Europe Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Secureworks Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 34 weeks, this is more cash available to meet short term requirements (14 weeks)
34 weeks - Secureworks Europe Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.8%, this is a lower level of debt than the average (64.7%)
35.8% - Secureworks Europe Limited
64.7% - Industry AVG
SECUREWORKS EUROPE LIMITED financials
EXPORT
Secureworks Europe Limited's latest turnover from February 2024 is £44 million and the company has net assets of £26.8 million. According to their latest financial statements, Secureworks Europe Limited has 108 employees and maintains cash reserves of £9.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Jan 2022
Jan 2021
Jan 2020
Feb 2019
Feb 2018
Feb 2017
Jan 2016
Turnover
43,980,000
57,666,000
60,276,000
65,371,000
57,257,000
42,088,000
33,908,000
26,009,000
11,841,000
Other Income Or Grants
Cost Of Sales
27,695,000
38,514,000
44,580,000
46,831,000
39,396,000
30,787,000
18,399,000
15,336,000
6,023,000
Gross Profit
16,285,000
19,152,000
15,696,000
18,540,000
17,861,000
11,301,000
15,509,000
10,673,000
5,818,000
Admin Expenses
15,371,000
17,283,000
14,064,000
16,946,000
16,711,000
10,566,000
14,658,000
9,762,000
5,458,000
Operating Profit
914,000
1,869,000
1,632,000
1,594,000
1,150,000
735,000
851,000
911,000
360,000
Interest Payable
22,000
436,000
278,000
251,000
73,000
7,000
6,000
10,000
2,000
Interest Receivable
275,000
22,000
37,000
144,000
133,000
129,000
Pre-Tax Profit
1,167,000
1,433,000
1,354,000
1,365,000
1,114,000
872,000
978,000
1,030,000
358,000
Tax
-553,000
-672,000
-475,000
-625,000
-394,000
-266,000
-376,000
-176,000
-110,000
Profit After Tax
614,000
761,000
879,000
740,000
720,000
606,000
602,000
854,000
248,000
Dividends Paid
Retained Profit
614,000
761,000
879,000
740,000
720,000
606,000
602,000
854,000
248,000
Employee Costs
21,252,000
27,280,000
24,250,000
26,566,000
24,836,000
19,176,000
23,269,000
16,471,000
7,439,000
Number Of Employees
108
151
175
207
204
205
219
193
113
EBITDA*
3,606,000
4,382,000
4,057,000
3,928,000
3,363,000
1,292,000
1,333,000
1,342,000
546,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Jan 2022
Jan 2021
Jan 2020
Feb 2019
Feb 2018
Feb 2017
Jan 2016
Tangible Assets
143,000
150,000
984,000
1,259,000
1,620,000
695,000
1,139,000
1,265,000
1,469,000
Intangible Assets
256,000
520,000
Investments & Other
3,721,000
3,925,000
4,146,000
4,257,000
4,516,000
4,182,000
Debtors (Due After 1 year)
18,546,000
Total Fixed Assets
22,666,000
4,595,000
5,130,000
5,516,000
6,136,000
4,877,000
1,139,000
1,265,000
1,469,000
Stock & work in progress
Trade Debtors
5,693,000
9,940,000
8,332,000
9,769,000
13,304,000
19,100,000
12,664,000
7,871,000
6,351,000
Group Debtors
22,000
464,000
141,000
5,164,000
14,757,000
10,860,000
5,947,000
Misc Debtors
3,621,000
4,107,000
5,366,000
4,202,000
3,771,000
1,222,000
585,000
232,000
228,000
Cash
9,770,000
31,237,000
43,462,000
45,670,000
27,788,000
11,833,000
4,612,000
7,608,000
7,898,000
misc current assets
total current assets
19,084,000
45,306,000
57,624,000
59,782,000
44,863,000
37,319,000
32,618,000
26,571,000
20,424,000
total assets
41,750,000
49,901,000
62,754,000
65,298,000
50,999,000
42,196,000
33,757,000
27,836,000
21,893,000
Bank overdraft
Bank loan
Trade Creditors
1,067,000
1,496,000
1,899,000
1,392,000
1,530,000
1,183,000
1,252,000
1,095,000
622,000
Group/Directors Accounts
617,000
7,240,000
20,919,000
23,187,000
5,793,000
673,000
706,000
67,000
250,000
other short term finances
hp & lease commitments
296,000
323,000
323,000
323,000
213,000
other current liabilities
12,876,000
15,235,000
16,076,000
18,557,000
22,646,000
21,033,000
13,820,000
11,698,000
6,899,000
total current liabilities
14,856,000
24,294,000
39,217,000
43,459,000
30,182,000
22,889,000
15,778,000
12,860,000
7,771,000
loans
hp & lease commitments
282,000
575,000
1,120,000
Accruals and Deferred Income
97,000
245,000
214,000
462,000
1,702,000
1,549,000
other liabilities
1,144,000
provisions
total long term liabilities
97,000
527,000
789,000
1,144,000
1,582,000
1,702,000
1,549,000
total liabilities
14,953,000
24,821,000
40,006,000
44,603,000
31,764,000
24,591,000
17,327,000
12,860,000
7,771,000
net assets
26,797,000
25,080,000
22,748,000
20,695,000
19,235,000
17,605,000
16,430,000
14,976,000
14,122,000
total shareholders funds
26,797,000
25,080,000
22,748,000
20,695,000
19,235,000
17,605,000
16,430,000
14,976,000
14,122,000
Feb 2024
Feb 2023
Jan 2022
Jan 2021
Jan 2020
Feb 2019
Feb 2018
Feb 2017
Jan 2016
Operating Activities
Operating Profit
914,000
1,869,000
1,632,000
1,594,000
1,150,000
735,000
851,000
911,000
360,000
Depreciation
144,000
183,000
449,000
540,000
781,000
557,000
482,000
431,000
186,000
Amortisation
2,548,000
2,330,000
1,976,000
1,794,000
1,432,000
Tax
-553,000
-672,000
-475,000
-625,000
-394,000
-266,000
-376,000
-176,000
-110,000
Stock
Debtors
13,791,000
-93,000
50,000
-2,963,000
-8,411,000
-2,520,000
9,043,000
6,437,000
12,526,000
Creditors
-429,000
-403,000
507,000
-138,000
347,000
-69,000
157,000
473,000
622,000
Accruals and Deferred Income
-2,507,000
-810,000
-2,267,000
-4,551,000
373,000
7,366,000
3,671,000
4,799,000
6,899,000
Deferred Taxes & Provisions
Cash flow from operations
-13,674,000
2,590,000
1,772,000
1,577,000
12,100,000
10,843,000
-4,258,000
1,000
-4,569,000
Investing Activities
capital expenditure
-2,421,000
-2,199,000
-2,150,000
-1,973,000
-3,138,000
-113,000
-356,000
-227,000
-1,655,000
Change in Investments
-204,000
-221,000
-111,000
-259,000
334,000
4,182,000
cash flow from investments
-2,217,000
-1,978,000
-2,039,000
-1,714,000
-3,472,000
-4,295,000
-356,000
-227,000
-1,655,000
Financing Activities
Bank loans
Group/Directors Accounts
-6,623,000
-13,679,000
-2,268,000
17,394,000
5,120,000
-33,000
639,000
-183,000
250,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-309,000
-293,000
575,000
-1,010,000
1,333,000
other long term liabilities
-1,144,000
1,144,000
share issue
1,103,000
1,571,000
1,174,000
720,000
910,000
569,000
852,000
13,874,000
interest
253,000
-436,000
-278,000
-229,000
-36,000
137,000
127,000
119,000
-2,000
cash flow from financing
-5,576,000
-12,837,000
-1,941,000
18,019,000
7,327,000
673,000
1,618,000
-64,000
14,122,000
cash and cash equivalents
cash
-21,467,000
-12,225,000
-2,208,000
17,882,000
15,955,000
7,221,000
-2,996,000
-290,000
7,898,000
overdraft
change in cash
-21,467,000
-12,225,000
-2,208,000
17,882,000
15,955,000
7,221,000
-2,996,000
-290,000
7,898,000
secureworks europe 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 secureworks europe limited. Get real-time insights into secureworks europe limited's credit score, group structure and payment trends.
Perform a competitor analysis for secureworks europe limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in OX14 area or any other competitors across 12 key performance metrics.
secureworks europe limited Ownership
SECUREWORKS EUROPE LIMITED group structure
Secureworks Europe Limited has no subsidiary companies.
Ultimate parent company
DELL TECHNOLOGIES INC
#0009007
SECUREWORKS INC
#0098758
2 parents
SECUREWORKS EUROPE LIMITED
09546890
SECUREWORKS EUROPE LIMITED Shareholders
The sole shareholder of Secureworks Europe Limited is Secureworks Inc.
secureworks inc
100%
secureworks europe limited directors
Secureworks Europe Limited currently has 2 directors.
The longest serving directors include
Mr Stuart Fillingham (Feb 2025) and
Mrs Jacqueline Denton (Feb 2025).
62090 - Other information technology and computer service activities
incorporation date
April 2015
age
10
incorporated
UK
ultimate parent company
DELL TECHNOLOGIES INC
accounts
Full Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS
address
the pentagon, abingdon science park, abingdon, OX14 3YP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
secureworks europe 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 secureworks europe limited.
secureworks europe 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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secureworks europe limitedCompanies House Filings - See Documents
