sunswap ltd

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sunswap ltd Company Information

Share SUNSWAP LTD

Company Number

12407155

Directors

Michael Lowe

Andrew Sucis

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Shareholders

clean growth investment management gp llp

sustainable impact capital limited

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Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

 

Registered Address

unit 9 mole business park, randalls road, leatherhead, KT22 7BA

sunswap ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SUNSWAP LTD at £1.1m based on a Turnover of £2.5m and 0.44x industry multiple (adjusted for size and gross margin).

sunswap ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SUNSWAP LTD at £0 based on an EBITDA of £-4.9m and a 3.76x industry multiple (adjusted for size and gross margin).

sunswap ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SUNSWAP LTD at £0 based on Net Assets of £-1.7m and 2.36x industry multiple (adjusted for liquidity).

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Sunswap Ltd Overview

Sunswap Ltd is a live company located in leatherhead, KT22 7BA with a Companies House number of 12407155. It operates in the other engineering activities sector, SIC Code 71129. Founded in January 2020, it's largest shareholder is clean growth investment management gp llp with a 14.8% stake. Sunswap Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.5m with rapid growth in recent years.

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Sunswap Ltd Health Check

Pomanda's financial health check has awarded Sunswap Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £2.5m, make it smaller than the average company (£5.2m)

£2.5m - Sunswap Ltd

£5.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (8.2%)

106% - Sunswap Ltd

8.2% - Industry AVG

production

Production

with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)

32.9% - Sunswap Ltd

32.9% - Industry AVG

profitability

Profitability

an operating margin of -199.8% make it less profitable than the average company (5.8%)

-199.8% - Sunswap Ltd

5.8% - Industry AVG

employees

Employees

with 30 employees, this is similar to the industry average (35)

30 - Sunswap Ltd

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.2k, the company has an equivalent pay structure (£58.2k)

£58.2k - Sunswap Ltd

£58.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £83.8k, this is less efficient (£136.4k)

£83.8k - Sunswap Ltd

£136.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Sunswap Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is slower than average (27 days)

31 days - Sunswap Ltd

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 20 days, this is less than average (34 days)

20 days - Sunswap Ltd

34 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (18 weeks)

21 weeks - Sunswap Ltd

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 140.3%, this is a higher level of debt than the average (57.3%)

140.3% - Sunswap Ltd

57.3% - Industry AVG

SUNSWAP LTD financials

EXPORTms excel logo

Sunswap Ltd's latest turnover from December 2023 is estimated at £2.5 million and the company has net assets of -£1.7 million. According to their latest financial statements, Sunswap Ltd has 30 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Nov 2022Nov 2021Nov 2020
Turnover2,514,833585,66618,370285,812
Other Income Or Grants
Cost Of Sales1,688,334387,26112,168195,290
Gross Profit826,499198,4056,20290,523
Admin Expenses5,850,1461,393,827331,871157,326
Operating Profit-5,023,647-1,195,422-325,669-66,803
Interest Payable
Interest Receivable130,45141,39613231
Pre-Tax Profit-4,893,197-1,154,026-325,537-66,772
Tax
Profit After Tax-4,893,197-1,154,026-325,537-66,772
Dividends Paid
Retained Profit-4,893,197-1,154,026-325,537-66,772
Employee Costs1,744,961711,23848,031226,529
Number Of Employees301415
EBITDA*-4,935,159-1,171,117-325,669-66,601

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Nov 2022Nov 2021Nov 2020
Tangible Assets835,467225,9699,510871
Intangible Assets84,97848,8144,7935,054
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets920,445274,78314,3035,925
Stock & work in progress93,32680,842
Trade Debtors178162
Group Debtors
Misc Debtors759,413348,79198,35130,319
Cash2,411,4632,558,080201,63462,762
misc current assets
total current assets3,264,2022,987,891300,14793,081
total assets4,184,6473,262,674314,45099,006
Bank overdraft
Bank loan
Trade Creditors 147,10244,4335,588280
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities5,725,590120,02316,79525,720
total current liabilities5,872,692164,45622,38326,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions165
total long term liabilities165
total liabilities5,872,692164,45622,38326,165
net assets-1,688,0453,098,218292,06772,841
total shareholders funds-1,688,0453,098,218292,06772,841
Dec 2023Nov 2022Nov 2021Nov 2020
Operating Activities
Operating Profit-5,023,647-1,195,422-325,669-66,803
Depreciation84,25723,16746
Amortisation4,2311,138156
Tax
Stock12,48480,842
Debtors410,444250,45668,19430,319
Creditors102,66938,8455,308280
Accruals and Deferred Income5,605,567103,228-8,92525,720
Deferred Taxes & Provisions-165165
Cash flow from operations350,149-1,360,342-397,645-70,755
Investing Activities
capital expenditure-734,150-284,785-8,378-6,127
Change in Investments
cash flow from investments-734,150-284,785-8,378-6,127
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue106,9343,960,177544,763139,613
interest130,45141,39613231
cash flow from financing237,3854,001,573544,895139,644
cash and cash equivalents
cash-146,6172,356,446138,87262,762
overdraft
change in cash-146,6172,356,446138,87262,762

sunswap ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sunswap Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sunswap ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in KT22 area or any other competitors across 12 key performance metrics.

sunswap ltd Ownership

SUNSWAP LTD group structure

Sunswap Ltd has no subsidiary companies.

Ultimate parent company

SUNSWAP LTD

12407155

SUNSWAP LTD Shareholders

clean growth investment management gp llp 14.84%
sustainable impact capital limited 14.84%
crowdcube nominees limited 14.49%
andrew sucis 13.28%
michael lowe 13.28%
nikolai tauber 13.28%
seedrs nominees limited 10.12%
bhavin patel 1.16%
chandrika carroll 1.09%
jonathan ingram 1.05%

sunswap ltd directors

Sunswap Ltd currently has 7 directors. The longest serving directors include Mr Michael Lowe (Jan 2020) and Mr Andrew Sucis (Jan 2020).

officercountryagestartendrole
Mr Michael LoweEngland33 years Jan 2020- Director
Mr Andrew SucisEngland36 years Jan 2020- Director
Mr Nikolai TauberEngland35 years Jan 2020- Director
Mr James FerrierEngland47 years Mar 2022- Director
Dr Stephen PriceEngland54 years Mar 2022- Director
Mr Mark BryantUnited Kingdom63 years Mar 2024- Director
Mr Dennis AtkinsonEngland53 years Mar 2024- Director

P&L

December 2023

turnover

2.5m

+329%

operating profit

-5m

0%

gross margin

32.9%

-2.99%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-1.7m

-1.54%

total assets

4.2m

+0.28%

cash

2.4m

-0.06%

net assets

Total assets minus all liabilities

sunswap ltd company details

company number

12407155

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

January 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

unit 9 mole business park, randalls road, leatherhead, KT22 7BA

Bank

-

Legal Advisor

-

sunswap 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 sunswap ltd.

sunswap 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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sunswap ltd Companies House Filings - See Documents

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