Pomanda estimates the enterprise value of SPEEDY STREET SOLUTIONS LTD at £397.6k based on a Turnover of £1.3m and 0.3x industry multiple (adjusted for size and gross margin).
speedy street solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of SPEEDY STREET SOLUTIONS LTD at £0 based on an EBITDA of £-12k and a 3.17x industry multiple (adjusted for size and gross margin).
speedy street solutions ltdEstimated Valuation
£253.7k
Pomanda estimates the enterprise value of SPEEDY STREET SOLUTIONS LTD at £253.7k based on Net Assets of £139.6k and 1.82x industry multiple (adjusted for liquidity).
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Speedy Street Solutions LtdOverview
Speedy Street Solutions Ltd is a live company located in york, YO41 1AF with a Companies House number of 11514751. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in August 2018, it's largest shareholder is
wayne newsome
with a 100% stake. Speedy Street Solutions Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.3m with
high
growth in recent years.
Pomanda's financial health check has awarded Speedy Street Solutions Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£12.4m)
£1.3m - Speedy Street Solutions Ltd
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (8.5%)
28% - Speedy Street Solutions Ltd
8.5% - Industry AVG
Production
with a gross margin of 31.3%, this company has a comparable cost of product (31.3%)
31.3% - Speedy Street Solutions Ltd
31.3% - Industry AVG
Profitability
an operating margin of -1.2% make it less profitable than the average company (4.5%)
-1.2% - Speedy Street Solutions Ltd
4.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (93)
4 - Speedy Street Solutions Ltd
93 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)
£34.9k - Speedy Street Solutions Ltd
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £335.8k, this is more efficient (£128k)
£335.8k - Speedy Street Solutions Ltd
£128k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (40 days)
58 days - Speedy Street Solutions Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (41 days)
105 days - Speedy Street Solutions Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Speedy Street Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 22 weeks, this is average cash available to meet short term requirements (19 weeks)
22 weeks - Speedy Street Solutions Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.8%, this is a higher level of debt than the average (54.5%)
68.8% - Speedy Street Solutions Ltd
54.5% - Industry AVG
SPEEDY STREET SOLUTIONS LTD financials
EXPORT
Speedy Street Solutions Ltd's latest turnover from August 2024 is estimated at £1.3 million and the company has net assets of £139.6 thousand. According to their latest financial statements, Speedy Street Solutions Ltd has 4 employees and maintains cash reserves of £128.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2024
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Turnover
1,343,104
1,027,206
983,594
644,963
504,422
218,026
Other Income Or Grants
Cost Of Sales
922,792
705,773
672,608
446,585
347,414
100,895
Gross Profit
420,312
321,433
310,986
198,378
157,008
117,131
Admin Expenses
436,975
380,167
218,438
126,173
143,784
16,816
Operating Profit
-16,663
-58,734
92,548
72,205
13,224
100,315
Interest Payable
3,316
4,216
3,520
1,525
Interest Receivable
9,092
14,290
4,832
147
36
8
Pre-Tax Profit
-10,887
-48,661
93,860
70,827
13,259
100,323
Tax
-17,833
-13,457
-2,519
-18,616
Profit After Tax
-10,887
-48,661
76,027
57,370
10,740
81,707
Dividends Paid
Retained Profit
-10,887
-48,661
76,027
57,370
10,740
81,707
Employee Costs
139,423
162,871
94,441
59,463
58,928
59,018
Number Of Employees
4
5
3
2
2
2
EBITDA*
-12,044
-56,064
93,797
73,162
13,224
100,832
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2024
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Tangible Assets
13,858
8,010
1,316
1,398
2,355
2,355
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
13,858
8,010
1,316
1,398
2,355
2,355
Stock & work in progress
1,742
2,627
Trade Debtors
216,871
143,086
177,973
140,387
118,991
84,856
Group Debtors
Misc Debtors
88,206
19,836
3,343
1,230
Cash
128,693
235,006
309,363
242,911
51,069
20,365
misc current assets
total current assets
433,770
397,928
490,679
385,040
173,917
105,221
total assets
447,628
405,938
491,995
386,438
176,272
107,576
Bank overdraft
10,224
14,533
10,000
Bank loan
50,000
Trade Creditors
266,741
208,178
217,264
177,623
78,898
21,935
Group/Directors Accounts
3,343
other short term finances
5,340
772
hp & lease commitments
other current liabilities
15,157
13,191
31,450
35,737
31,666
18,616
total current liabilities
297,462
236,674
262,057
263,360
110,564
40,551
loans
10,609
18,820
30,833
hp & lease commitments
Accruals and Deferred Income
other liabilities
12,061
provisions
total long term liabilities
10,609
18,820
30,833
12,061
total liabilities
308,071
255,494
292,890
263,360
110,564
52,612
net assets
139,557
150,444
199,105
123,078
65,708
54,964
total shareholders funds
139,557
150,444
199,105
123,078
65,708
54,964
Aug 2024
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Operating Activities
Operating Profit
-16,663
-58,734
92,548
72,205
13,224
100,315
Depreciation
4,619
2,670
1,249
957
517
Amortisation
Tax
-17,833
-13,457
-2,519
-18,616
Stock
-1,742
-885
2,627
Debtors
142,155
-18,394
40,929
20,166
35,365
84,856
Creditors
58,563
-9,086
39,641
98,725
56,963
21,935
Accruals and Deferred Income
1,966
-18,259
-4,287
4,071
13,050
18,616
Deferred Taxes & Provisions
Cash flow from operations
-93,670
-65,015
72,131
143,220
42,726
37,911
Investing Activities
capital expenditure
-10,467
-9,364
-1,167
-2,872
Change in Investments
cash flow from investments
-10,467
-9,364
-1,167
-2,872
Financing Activities
Bank loans
-50,000
50,000
Group/Directors Accounts
-3,343
3,343
Other Short Term Loans
4,568
772
Long term loans
-8,211
-12,013
30,833
Hire Purchase and Lease Commitments
other long term liabilities
-12,061
12,061
share issue
4
-26,743
interest
5,776
10,074
1,312
-1,378
36
8
cash flow from financing
2,133
-4,510
-14,512
48,622
-12,021
-14,674
cash and cash equivalents
cash
-106,313
-74,357
66,452
191,842
30,704
20,365
overdraft
-4,309
4,533
10,000
change in cash
-102,004
-78,890
56,452
191,842
30,704
20,365
speedy street solutions ltd 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 speedy street solutions ltd. Get real-time insights into speedy street solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for speedy street solutions ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in YO41 area or any other competitors across 12 key performance metrics.
speedy street solutions ltd Ownership
SPEEDY STREET SOLUTIONS LTD group structure
Speedy Street Solutions Ltd has no subsidiary companies.
Ultimate parent company
SPEEDY STREET SOLUTIONS LTD
11514751
SPEEDY STREET SOLUTIONS LTD Shareholders
The sole shareholder of Speedy Street Solutions Ltd is Wayne Newsome.
wayne newsome
100%
speedy street solutions ltd directors
Speedy Street Solutions Ltd currently has 1 director, Mr Wayne Newsome serving since Aug 2018.
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 speedy street solutions ltd.
speedy street solutions 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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speedy street solutions ltdCompanies House Filings - See Documents
