safe fleet uk limited
safe fleet uk limited Company Information
Company Number
13045895
Website
-Registered Address
durite works valley road, dovercourt, essex, CO12 4RX
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
safe fleet acquisition corp 100%
safe fleet uk limited Estimated Valuation
Pomanda estimates the enterprise value of SAFE FLEET UK LIMITED at £85.9m based on a Turnover of £33.6m and 2.56x industry multiple (adjusted for size and gross margin).
safe fleet uk limited Estimated Valuation
Pomanda estimates the enterprise value of SAFE FLEET UK LIMITED at £79.1m based on an EBITDA of £8.2m and a 9.69x industry multiple (adjusted for size and gross margin).
safe fleet uk limited Estimated Valuation
Pomanda estimates the enterprise value of SAFE FLEET UK LIMITED at £44m based on Net Assets of £25.7m and 1.71x industry multiple (adjusted for liquidity).
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Safe Fleet Uk Limited Overview
Safe Fleet Uk Limited is a live company located in essex, CO12 4RX with a Companies House number of 13045895. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2020, it's largest shareholder is safe fleet acquisition corp with a 100% stake. Safe Fleet Uk Limited is a startup, large sized company, Pomanda has estimated its turnover at £33.6m with unknown growth in recent years.
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Safe Fleet Uk Limited Health Check
Pomanda's financial health check has awarded Safe Fleet Uk Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £33.6m, make it larger than the average company (£18.1m)
£33.6m - Safe Fleet Uk Limited
£18.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Safe Fleet Uk Limited
- - Industry AVG
Production
with a gross margin of 42.1%, this company has a comparable cost of product (36.1%)
42.1% - Safe Fleet Uk Limited
36.1% - Industry AVG
Profitability
an operating margin of 6% make it as profitable than the average company (5.1%)
6% - Safe Fleet Uk Limited
5.1% - Industry AVG
Employees
with 119 employees, this is similar to the industry average (106)
119 - Safe Fleet Uk Limited
106 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£42k)
£46.6k - Safe Fleet Uk Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £282.6k, this is more efficient (£178.6k)
£282.6k - Safe Fleet Uk Limited
£178.6k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (47 days)
70 days - Safe Fleet Uk Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (48 days)
22 days - Safe Fleet Uk Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 183 days, this is more than average (42 days)
183 days - Safe Fleet Uk Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (16 weeks)
63 weeks - Safe Fleet Uk Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.9%, this is a similar level of debt than the average (69.9%)
66.9% - Safe Fleet Uk Limited
69.9% - Industry AVG
SAFE FLEET UK LIMITED financials
Safe Fleet Uk Limited's latest turnover from December 2022 is £33.6 million and the company has net assets of £25.7 million. According to their latest financial statements, Safe Fleet Uk Limited has 119 employees and maintains cash reserves of £6.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 33,625,197 | 25,568,676 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 19,471,406 | 15,680,049 |
| Gross Profit | 14,153,791 | 9,888,627 |
| Admin Expenses | 12,150,820 | 8,254,887 |
| Operating Profit | 2,002,971 | 1,633,740 |
| Interest Payable | 2,818,798 | 1,639,025 |
| Interest Receivable | 3,608 | 889 |
| Pre-Tax Profit | -812,219 | 46,920 |
| Tax | -952,679 | -732,008 |
| Profit After Tax | -1,764,898 | -685,088 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -1,764,898 | -685,088 |
| Employee Costs | 5,550,523 | 3,750,445 |
| Number Of Employees | 119 | 82 |
| EBITDA* | 8,163,711 | 5,526,560 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 2,097,176 | 2,156,009 |
| Intangible Assets | 52,321,004 | 41,299,768 |
| Investments & Other | 8,580 | 8,580 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 54,426,760 | 43,464,357 |
| Stock & work in progress | 9,770,538 | 10,449,035 |
| Trade Debtors | 6,496,615 | 6,266,063 |
| Group Debtors | 79,280 | 14,037 |
| Misc Debtors | 743,906 | 28,664,997 |
| Cash | 6,298,461 | 1,610,781 |
| misc current assets | 0 | 0 |
| total current assets | 23,388,800 | 47,004,913 |
| total assets | 77,815,560 | 90,469,270 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,177,327 | 1,581,621 |
| Group/Directors Accounts | 1,883,255 | 251,766 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 2,121,716 | 2,263,023 |
| total current liabilities | 5,182,298 | 4,096,410 |
| loans | 46,629,159 | 32,000,000 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 254,293 | 264,261 |
| total long term liabilities | 46,883,452 | 32,264,261 |
| total liabilities | 52,065,750 | 36,360,671 |
| net assets | 25,749,810 | 54,108,599 |
| total shareholders funds | 25,749,810 | 54,108,599 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 2,002,971 | 1,633,740 |
| Depreciation | 183,613 | 94,359 |
| Amortisation | 5,977,127 | 3,798,461 |
| Tax | -952,679 | -732,008 |
| Stock | -678,497 | 10,449,035 |
| Debtors | -27,625,296 | 34,945,097 |
| Creditors | -404,294 | 1,581,621 |
| Accruals and Deferred Income | -141,307 | 2,263,023 |
| Deferred Taxes & Provisions | -9,968 | 264,261 |
| Cash flow from operations | 34,959,256 | -36,490,675 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 8,580 |
| cash flow from investments | 0 | -8,580 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 1,631,489 | 251,766 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 14,629,159 | 32,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -2,815,190 | -1,638,136 |
| cash flow from financing | -13,148,433 | 85,407,317 |
| cash and cash equivalents | ||
| cash | 4,687,680 | 1,610,781 |
| overdraft | 0 | 0 |
| change in cash | 4,687,680 | 1,610,781 |
safe fleet uk limited Credit Report and Business Information
Safe Fleet Uk Limited Competitor Analysis
Perform a competitor analysis for safe fleet uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
safe fleet uk limited Ownership
SAFE FLEET UK LIMITED group structure
Safe Fleet Uk Limited has 2 subsidiary companies.
Ultimate parent company
SAFE FLEET ACQUISITION CORP
#0148947
1 parent
SAFE FLEET UK LIMITED
13045895
2 subsidiaries
safe fleet uk limited directors
Safe Fleet Uk Limited currently has 6 directors. The longest serving directors include Mr Charles Gessler (Feb 2021) and Mr John Knox (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Gessler | United States | 57 years | Feb 2021 | - | Director |
| Mr John Knox | United States | 58 years | Feb 2021 | - | Director |
| Mr Michael Schulte | United States | 57 years | Feb 2021 | - | Director |
| Mr Michael Schulte | United States | 57 years | Feb 2021 | - | Director |
| Mr Steven Powell | England | 47 years | Nov 2022 | - | Director |
| Mr Robert Willing | United States | 56 years | Feb 2024 | - | Director |
P&L
December 2022turnover
33.6m
+32%
operating profit
2m
+23%
gross margin
42.1%
+8.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
25.7m
-0.52%
total assets
77.8m
-0.14%
cash
6.3m
+2.91%
net assets
Total assets minus all liabilities
Similar Companies
safe fleet uk limited company details
company number
13045895
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
November 2020
age
4
accounts
Group
ultimate parent company
previous names
hamsard 3615 limited (February 2021)
incorporated
UK
address
durite works valley road, dovercourt, essex, CO12 4RX
last accounts submitted
December 2022
safe fleet uk 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 did not find charges/mortgages relating to safe fleet uk limited.
safe fleet uk limited Companies House Filings - See Documents
| date | description | view/download |
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