remotelock uk ltd
remotelock uk ltd Company Information
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
305 portland road, hove, east sussex, BN3 5SE
Website
www.smartlock.co.ukremotelock uk ltd Estimated Valuation
Pomanda estimates the enterprise value of REMOTELOCK UK LTD at £250.8k based on a Turnover of £693.4k and 0.36x industry multiple (adjusted for size and gross margin).
remotelock uk ltd Estimated Valuation
Pomanda estimates the enterprise value of REMOTELOCK UK LTD at £0 based on an EBITDA of £-1.7k and a 4.3x industry multiple (adjusted for size and gross margin).
remotelock uk ltd Estimated Valuation
Pomanda estimates the enterprise value of REMOTELOCK UK LTD at £343k based on Net Assets of £160.1k and 2.14x industry multiple (adjusted for liquidity).
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Remotelock Uk Ltd Overview
Remotelock Uk Ltd is a live company located in east sussex, BN3 5SE with a Companies House number of 09575636. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in May 2015, it's largest shareholder is lockstate inc with a 100% stake. Remotelock Uk Ltd is a established, small sized company, Pomanda has estimated its turnover at £693.4k with declining growth in recent years.
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Remotelock Uk Ltd Health Check
Pomanda's financial health check has awarded Remotelock Uk Ltd a 3.5 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
2 Regular
6 Weak
Size
annual sales of £693.4k, make it larger than the average company (£491.9k)
£693.4k - Remotelock Uk Ltd
£491.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.5%)
- Remotelock Uk Ltd
4.5% - Industry AVG
Production
with a gross margin of 48.7%, this company has a lower cost of product (35.8%)
48.7% - Remotelock Uk Ltd
35.8% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (2%)
-0.2% - Remotelock Uk Ltd
2% - Industry AVG
Employees
with 3 employees, this is below the industry average (7)
3 - Remotelock Uk Ltd
7 - Industry AVG
Pay Structure
on an average salary of £31.5k, the company has an equivalent pay structure (£31.5k)
- Remotelock Uk Ltd
£31.5k - Industry AVG
Efficiency
resulting in sales per employee of £231.1k, this is more efficient (£185.8k)
£231.1k - Remotelock Uk Ltd
£185.8k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (19 days)
5 days - Remotelock Uk Ltd
19 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (32 days)
15 days - Remotelock Uk Ltd
32 days - Industry AVG
Stock Days
it holds stock equivalent to 286 days, this is more than average (83 days)
286 days - Remotelock Uk Ltd
83 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (16 weeks)
8 weeks - Remotelock Uk Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.9%, this is a similar level of debt than the average (72.7%)
70.9% - Remotelock Uk Ltd
72.7% - Industry AVG
REMOTELOCK UK LTD financials
Remotelock Uk Ltd's latest turnover from December 2023 is £693.4 thousand and the company has net assets of £160.1 thousand. According to their latest financial statements, Remotelock Uk Ltd has 3 employees and maintains cash reserves of £63.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 693,425 | 625,658 | |||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 355,670 | 286,407 | |||||||
| Gross Profit | 337,755 | 339,251 | |||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 2,404 | 68,895 | |||||||
| Tax | -907 | -15,562 | |||||||
| Profit After Tax | 1,497 | 53,333 | |||||||
| Dividends Paid | |||||||||
| Retained Profit | 1,497 | 53,333 | |||||||
| Employee Costs | |||||||||
| Number Of Employees | 3 | 3 | 2 | 2 | 2 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,130 | 432 | 676 | 520 | 214 | 130 | |||
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 1,130 | 432 | 676 | 520 | 214 | 130 | |||
| Stock & work in progress | 279,110 | 332,377 | 170,870 | 110,936 | 9,689 | 2,831 | |||
| Trade Debtors | 10,150 | 19,488 | 23,014 | 6,593 | 125,519 | 138,663 | 52,293 | 805 | 447 |
| Group Debtors | 177,543 | ||||||||
| Misc Debtors | 20,287 | 6,747 | 4,985 | 3,042 | 9,118 | 116 | |||
| Cash | 63,609 | 77,407 | 48,689 | 28,358 | 9,122 | 2,395 | |||
| misc current assets | |||||||||
| total current assets | 550,699 | 436,019 | 247,558 | 148,929 | 125,519 | 138,663 | 52,293 | 28,734 | 5,789 |
| total assets | 550,699 | 436,019 | 247,558 | 150,059 | 125,951 | 139,339 | 52,813 | 28,948 | 5,919 |
| Bank overdraft | 14,583 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 15,292 | 136,418 | 25,536 | 41,353 | 95,807 | 130,104 | 40,380 | 9,027 | 231 |
| Group/Directors Accounts | 326,170 | 67,744 | 83,140 | 5,318 | 10,313 | 12,292 | |||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 49,089 | 73,206 | 35,126 | 500 | 7,304 | 2,292 | |||
| total current liabilities | 390,551 | 277,368 | 143,802 | 61,754 | 95,807 | 130,104 | 40,380 | 26,644 | 14,815 |
| loans | 55,417 | ||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 175 | 175 | |||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 55,417 | 175 | 175 | ||||||
| total liabilities | 390,551 | 277,368 | 143,802 | 117,171 | 95,982 | 130,279 | 40,380 | 26,644 | 14,815 |
| net assets | 160,148 | 158,651 | 103,756 | 32,888 | 29,969 | 9,060 | 12,433 | 2,304 | -8,896 |
| total shareholders funds | 160,148 | 158,651 | 103,756 | 32,888 | 29,969 | 9,060 | 12,433 | 2,304 | -8,896 |
| Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 107 | ||||||||
| Amortisation | |||||||||
| Tax | -907 | -15,562 | |||||||
| Stock | -53,267 | 161,507 | 170,870 | 110,936 | -9,689 | 6,858 | 2,831 | ||
| Debtors | 181,745 | -1,764 | -97,520 | -115,884 | -13,144 | 86,370 | 42,370 | 9,360 | 563 |
| Creditors | -121,126 | 110,882 | -70,271 | -54,454 | -34,297 | 89,724 | 31,353 | 8,796 | 231 |
| Accruals and Deferred Income | -24,117 | 38,080 | 34,951 | 325 | 175 | -7,304 | 5,012 | 2,292 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 258,426 | -15,396 | 83,140 | 5,318 | -10,313 | -1,979 | 12,292 | ||
| Other Short Term Loans | |||||||||
| Long term loans | 55,417 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | 258,426 | -13,834 | |||||||
| cash and cash equivalents | |||||||||
| cash | -13,798 | 28,718 | 48,689 | 28,358 | -9,122 | 6,727 | 2,395 | ||
| overdraft | 14,583 | ||||||||
| change in cash | -13,798 | 28,718 | 48,689 | 13,775 | -9,122 | 6,727 | 2,395 |
remotelock uk ltd Credit Report and Business Information
Remotelock Uk Ltd Competitor Analysis
Perform a competitor analysis for remotelock uk ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BN3 area or any other competitors across 12 key performance metrics.
remotelock uk ltd Ownership
REMOTELOCK UK LTD group structure
Remotelock Uk Ltd has no subsidiary companies.
Ultimate parent company
LOCKSTATE INC
#0154647
1 parent
REMOTELOCK UK LTD
09575636
remotelock uk ltd directors
Remotelock Uk Ltd currently has 1 director, Mr Hull McKinnon serving since Sep 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hull McKinnon | United States | 52 years | Sep 2021 | - | Director |
P&L
December 2023turnover
693.4k
+11%
operating profit
-1.7k
0%
gross margin
48.8%
-10.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
160.1k
+0.01%
total assets
550.7k
+0.26%
cash
63.6k
-0.18%
net assets
Total assets minus all liabilities
remotelock uk ltd company details
company number
09575636
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
smartlock europe ltd (May 2022)
smarterhome(uk) limited (March 2018)
accountant
-
auditor
BOURNER BULLOCK
address
305 portland road, hove, east sussex, BN3 5SE
Bank
-
Legal Advisor
-
remotelock uk 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 did not find charges/mortgages relating to remotelock uk ltd.
remotelock uk 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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remotelock uk ltd Companies House Filings - See Documents
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