italian locking systems limited
italian locking systems limited Company Information
Company Number
12090455
Next Accounts
Dec 2025
Shareholders
r safety products holdings limited
Group Structure
View All
Industry
Security systems service activities
Registered Address
unit b9 lowfields close, lowfields business park, elland, west yorkshire, HX5 9DX
Website
http://i2-global.comitalian locking systems limited Estimated Valuation
Pomanda estimates the enterprise value of ITALIAN LOCKING SYSTEMS LIMITED at £1.4m based on a Turnover of £2.8m and 0.51x industry multiple (adjusted for size and gross margin).
italian locking systems limited Estimated Valuation
Pomanda estimates the enterprise value of ITALIAN LOCKING SYSTEMS LIMITED at £835.2k based on an EBITDA of £215.9k and a 3.87x industry multiple (adjusted for size and gross margin).
italian locking systems limited Estimated Valuation
Pomanda estimates the enterprise value of ITALIAN LOCKING SYSTEMS LIMITED at £1.7m based on Net Assets of £778.6k and 2.15x industry multiple (adjusted for liquidity).
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Italian Locking Systems Limited Overview
Italian Locking Systems Limited is a live company located in elland, HX5 9DX with a Companies House number of 12090455. It operates in the security systems service activities sector, SIC Code 80200. Founded in July 2019, it's largest shareholder is r safety products holdings limited with a 100% stake. Italian Locking Systems Limited is a young, small sized company, Pomanda has estimated its turnover at £2.8m with rapid growth in recent years.
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Italian Locking Systems Limited Health Check
Pomanda's financial health check has awarded Italian Locking Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £2.8m, make it larger than the average company (£2.1m)
- Italian Locking Systems Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (8.9%)
- Italian Locking Systems Limited
8.9% - Industry AVG
Production
with a gross margin of 27.1%, this company has a higher cost of product (37.2%)
- Italian Locking Systems Limited
37.2% - Industry AVG
Profitability
an operating margin of 7.7% make it more profitable than the average company (6.4%)
- Italian Locking Systems Limited
6.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (22)
- Italian Locking Systems Limited
22 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Italian Locking Systems Limited
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £185.9k, this is more efficient (£109.1k)
- Italian Locking Systems Limited
£109.1k - Industry AVG
Debtor Days
it gets paid by customers after 122 days, this is later than average (67 days)
- Italian Locking Systems Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (46 days)
- Italian Locking Systems Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 64 days, this is more than average (22 days)
- Italian Locking Systems Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (11 weeks)
2 weeks - Italian Locking Systems Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.5%, this is a lower level of debt than the average (66.5%)
41.5% - Italian Locking Systems Limited
66.5% - Industry AVG
ITALIAN LOCKING SYSTEMS LIMITED financials
Italian Locking Systems Limited's latest turnover from March 2024 is estimated at £2.8 million and the company has net assets of £778.6 thousand. According to their latest financial statements, we estimate that Italian Locking Systems Limited has 15 employees and maintains cash reserves of £29.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,561 | 1 | 1 | 270 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 1,561 | 1 | 1 | 270 | |
| Stock & work in progress | 361,117 | 445,019 | 510,998 | 339,396 | 180,223 |
| Trade Debtors | 938,951 | 584,061 | 257,049 | 108,558 | 103,560 |
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | 29,784 | 31,715 | 75,722 | 50,393 | 29,064 |
| misc current assets | |||||
| total current assets | 1,329,852 | 1,060,795 | 843,769 | 498,347 | 312,847 |
| total assets | 1,331,413 | 1,060,796 | 843,770 | 498,617 | 312,847 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 552,845 | 445,170 | 446,336 | 291,087 | 276,006 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 552,845 | 445,170 | 446,336 | 291,087 | 276,006 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | |||||
| total liabilities | 552,845 | 445,170 | 446,336 | 291,087 | 276,006 |
| net assets | 778,568 | 615,626 | 397,434 | 207,530 | 36,841 |
| total shareholders funds | 778,568 | 615,626 | 397,434 | 207,530 | 36,841 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 275 | 269 | |||
| Amortisation | |||||
| Tax | |||||
| Stock | -83,902 | -65,979 | 171,602 | 159,173 | 180,223 |
| Debtors | 354,890 | 327,012 | 148,491 | 4,998 | 103,560 |
| Creditors | 107,675 | -1,166 | 155,249 | 15,081 | 276,006 |
| Accruals and Deferred Income | |||||
| 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 | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -1,931 | -44,007 | 25,329 | 21,329 | 29,064 |
| overdraft | |||||
| change in cash | -1,931 | -44,007 | 25,329 | 21,329 | 29,064 |
italian locking systems limited Credit Report and Business Information
Italian Locking Systems Limited Competitor Analysis
Perform a competitor analysis for italian locking systems limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HX5 area or any other competitors across 12 key performance metrics.
italian locking systems limited Ownership
ITALIAN LOCKING SYSTEMS LIMITED group structure
Italian Locking Systems Limited has no subsidiary companies.
Ultimate parent company
1 parent
ITALIAN LOCKING SYSTEMS LIMITED
12090455
italian locking systems limited directors
Italian Locking Systems Limited currently has 2 directors. The longest serving directors include Mr Robin Womersley (Jul 2019) and Mr Andrew Graham (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robin Womersley | England | 53 years | Jul 2019 | - | Director |
| Mr Andrew Graham | 60 years | Aug 2019 | - | Director |
P&L
March 2024turnover
2.8m
+40%
operating profit
215.6k
0%
gross margin
27.1%
+7.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
778.6k
+0.26%
total assets
1.3m
+0.26%
cash
29.8k
-0.06%
net assets
Total assets minus all liabilities
italian locking systems limited company details
company number
12090455
Type
Private limited with Share Capital
industry
80200 - Security systems service activities
incorporation date
July 2019
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
ils locking systems limited (January 2020)
accountant
HANDLEY & CO
auditor
-
address
unit b9 lowfields close, lowfields business park, elland, west yorkshire, HX5 9DX
Bank
-
Legal Advisor
-
italian locking systems 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 italian locking systems limited. Currently there are 1 open charges and 0 have been satisfied in the past.
italian locking systems 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 ITALIAN LOCKING SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
italian locking systems limited Companies House Filings - See Documents
| date | description | view/download |
|---|
