seccl custody limited
seccl custody limited Company Information
Company Number
10430958
Next Accounts
Jan 2026
Shareholders
seccl technology limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
20 manvers street, bath, BA1 1JW
Website
seccl.techseccl custody limited Estimated Valuation
Pomanda estimates the enterprise value of SECCL CUSTODY LIMITED at £1.8m based on a Turnover of £1.7m and 1.04x industry multiple (adjusted for size and gross margin).
seccl custody limited Estimated Valuation
Pomanda estimates the enterprise value of SECCL CUSTODY LIMITED at £0 based on an EBITDA of £-2.7m and a 3.6x industry multiple (adjusted for size and gross margin).
seccl custody limited Estimated Valuation
Pomanda estimates the enterprise value of SECCL CUSTODY LIMITED at £4.3m based on Net Assets of £3.3m and 1.31x industry multiple (adjusted for liquidity).
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Seccl Custody Limited Overview
Seccl Custody Limited is a live company located in bath, BA1 1JW with a Companies House number of 10430958. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2016, it's largest shareholder is seccl technology limited with a 100% stake. Seccl Custody Limited is a young, small sized company, Pomanda has estimated its turnover at £1.7m with rapid growth in recent years.
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Seccl Custody Limited Health Check
Pomanda's financial health check has awarded Seccl Custody Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£5.5m)
£1.7m - Seccl Custody Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (7.2%)
69% - Seccl Custody Limited
7.2% - Industry AVG
Production
with a gross margin of 34.4%, this company has a higher cost of product (53.3%)
34.4% - Seccl Custody Limited
53.3% - Industry AVG
Profitability
an operating margin of -155.4% make it less profitable than the average company (8.9%)
-155.4% - Seccl Custody Limited
8.9% - Industry AVG
Employees
with 8 employees, this is below the industry average (12)
- Seccl Custody Limited
12 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Seccl Custody Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £216.5k, this is equally as efficient (£219.1k)
- Seccl Custody Limited
£219.1k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (32 days)
26 days - Seccl Custody Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 88 days, this is slower than average (40 days)
88 days - Seccl Custody Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Seccl Custody Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 154 weeks, this is more cash available to meet short term requirements (28 weeks)
154 weeks - Seccl Custody Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.8%, this is a lower level of debt than the average (70.2%)
18.8% - Seccl Custody Limited
70.2% - Industry AVG
SECCL CUSTODY LIMITED financials
Seccl Custody Limited's latest turnover from April 2024 is £1.7 million and the company has net assets of £3.3 million. According to their latest financial statements, we estimate that Seccl Custody Limited has 8 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,731,754 | 1,450,755 | 925,984 | 360,361 | 63,339 | ||
| Other Income Or Grants | |||||||
| Cost Of Sales | 1,135,644 | 784,059 | 641,591 | 432,049 | 185,811 | ||
| Gross Profit | 596,110 | 666,696 | 284,393 | -71,688 | -122,472 | ||
| Admin Expenses | 3,287,791 | 1,943,367 | 1,182,776 | 695,045 | 336,915 | ||
| Operating Profit | -2,691,681 | -1,276,671 | -898,383 | -766,733 | -459,387 | -30,548 | |
| Interest Payable | |||||||
| Interest Receivable | 18,522 | 350 | 3,134 | 416 | |||
| Pre-Tax Profit | -2,673,159 | -1,276,671 | -898,383 | -766,383 | -456,253 | -30,132 | |
| Tax | 668,290 | 248,863 | 170,693 | 178,047 | |||
| Profit After Tax | -2,004,869 | -1,027,808 | -727,690 | -588,336 | -456,253 | -30,132 | |
| Dividends Paid | |||||||
| Retained Profit | -2,004,869 | -1,027,808 | -727,690 | -588,336 | -456,253 | -30,132 | |
| Employee Costs | 489,290 | 202,208 | 12,125 | ||||
| Number Of Employees | 5 | 4 | |||||
| EBITDA* | -2,691,681 | -1,276,671 | -898,383 | -766,733 | -459,387 | -30,548 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | 2 | 2 | 2 | 2 | 2 | 2 | |
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 2 | 2 | 2 | 2 | 2 | 2 | |
| Stock & work in progress | |||||||
| Trade Debtors | 125,894 | 114,505 | 42,537 | 35,587 | 16,600 | ||
| Group Debtors | 32,434 | 224,115 | |||||
| Misc Debtors | 1,674,327 | 806,348 | 751,091 | 465,410 | 120,563 | 1,042 | 1 |
| Cash | 2,281,084 | 2,016,926 | 1,143,667 | 392,935 | 284,324 | 253,021 | |
| misc current assets | |||||||
| total current assets | 4,081,305 | 2,937,779 | 1,937,295 | 926,366 | 421,487 | 478,178 | 1 |
| total assets | 4,081,307 | 2,937,781 | 1,937,297 | 926,368 | 421,489 | 478,180 | 1 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 276,676 | 78,344 | 60,135 | 15,791 | 8,263 | ||
| Group/Directors Accounts | 237,670 | 263,878 | 317,121 | 31,493 | 19,180 | ||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 252,049 | 125,778 | 62,452 | 53,805 | 30,431 | 8,312 | |
| total current liabilities | 766,395 | 468,000 | 439,708 | 101,089 | 57,874 | 8,312 | |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 766,395 | 468,000 | 439,708 | 101,089 | 57,874 | 8,312 | |
| net assets | 3,314,912 | 2,469,781 | 1,497,589 | 825,279 | 363,615 | 469,868 | 1 |
| total shareholders funds | 3,314,912 | 2,469,781 | 1,497,589 | 825,279 | 363,615 | 469,868 | 1 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -2,691,681 | -1,276,671 | -898,383 | -766,733 | -459,387 | -30,548 | |
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | 668,290 | 248,863 | 170,693 | 178,047 | |||
| Stock | |||||||
| Debtors | 879,368 | 127,225 | 260,197 | 396,268 | 137,163 | 225,156 | 1 |
| Creditors | 198,332 | 18,209 | 44,344 | 7,528 | 8,263 | ||
| Accruals and Deferred Income | 126,271 | 63,326 | 8,647 | 23,374 | 30,431 | 8,312 | |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -2,578,156 | -1,073,498 | -934,896 | -954,052 | -557,856 | -247,392 | -1 |
| Investing Activities | |||||||
| capital expenditure | -2 | ||||||
| Change in Investments | 2 | 2 | |||||
| cash flow from investments | -4 | ||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -26,208 | -53,243 | 285,628 | 12,313 | 19,180 | ||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | 18,522 | 350 | 3,134 | 416 | |||
| cash flow from financing | 2,842,314 | 1,946,757 | 1,685,628 | 1,062,663 | 842,182 | 500,415 | 1 |
| cash and cash equivalents | |||||||
| cash | 264,158 | 873,259 | 750,732 | 108,611 | 284,324 | 253,021 | |
| overdraft | |||||||
| change in cash | 264,158 | 873,259 | 750,732 | 108,611 | 284,324 | 253,021 |
seccl custody limited Credit Report and Business Information
Seccl Custody Limited Competitor Analysis
Perform a competitor analysis for seccl custody limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in BA1 area or any other competitors across 12 key performance metrics.
seccl custody limited Ownership
SECCL CUSTODY LIMITED group structure
Seccl Custody Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
SECCL CUSTODY LIMITED
10430958
2 subsidiaries
seccl custody limited directors
Seccl Custody Limited currently has 2 directors. The longest serving directors include Ms Ruth Handcock (Feb 2022) and Mr David Ferguson (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Ruth Handcock | Wales | 45 years | Feb 2022 | - | Director |
| Mr David Ferguson | United Kingdom | 55 years | Apr 2022 | - | Director |
P&L
April 2024turnover
1.7m
+19%
operating profit
-2.7m
+111%
gross margin
34.5%
-25.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
3.3m
+0.34%
total assets
4.1m
+0.39%
cash
2.3m
+0.13%
net assets
Total assets minus all liabilities
seccl custody limited company details
company number
10430958
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
slim financial ltd (June 2017)
accountant
-
auditor
DELOITTE LLP
address
20 manvers street, bath, BA1 1JW
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
seccl custody 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 1 charges/mortgages relating to seccl custody limited. Currently there are 1 open charges and 0 have been satisfied in the past.
seccl custody 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.
Click to start generating capital raising & share issue transactions for SECCL CUSTODY LIMITED. This can take several minutes, an email will notify you when this has completed.
seccl custody limited Companies House Filings - See Documents
| date | description | view/download |
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