safe fleet uk limited

5

safe fleet uk limited Company Information

Share SAFE FLEET UK LIMITED
Live 
StartupLarge

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 2025

Group Structure

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Directors

Charles Gessler3 Years

John Knox3 Years

View All

Shareholders

safe fleet acquisition corp 100%

safe fleet uk limited Estimated Valuation

£70.2m

Pomanda estimates the enterprise value of SAFE FLEET UK LIMITED at £70.2m based on a Turnover of £30.4m and 2.31x industry multiple (adjusted for size and gross margin).

safe fleet uk limited Estimated Valuation

£73.9m

Pomanda estimates the enterprise value of SAFE FLEET UK LIMITED at £73.9m based on an EBITDA of £8.4m and a 8.84x industry multiple (adjusted for size and gross margin).

safe fleet uk limited Estimated Valuation

£38.2m

Pomanda estimates the enterprise value of SAFE FLEET UK LIMITED at £38.2m based on Net Assets of £20.5m and 1.86x 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 £30.4m 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 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £30.4m, make it larger than the average company (£19.3m)

£30.4m - Safe Fleet Uk Limited

£19.3m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Safe Fleet Uk Limited

- - Industry AVG

production

Production

with a gross margin of 43.7%, this company has a lower cost of product (36.2%)

43.7% - Safe Fleet Uk Limited

36.2% - Industry AVG

profitability

Profitability

an operating margin of 11.4% make it more profitable than the average company (4.6%)

11.4% - Safe Fleet Uk Limited

4.6% - Industry AVG

employees

Employees

with 117 employees, this is similar to the industry average (107)

117 - Safe Fleet Uk Limited

107 - Industry AVG

paystructure

Pay Structure

on an average salary of £38k, the company has an equivalent pay structure (£44.9k)

£38k - Safe Fleet Uk Limited

£44.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £259.9k, this is more efficient (£193.3k)

£259.9k - Safe Fleet Uk Limited

£193.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 87 days, this is later than average (45 days)

87 days - Safe Fleet Uk Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (44 days)

20 days - Safe Fleet Uk Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 161 days, this is more than average (40 days)

161 days - Safe Fleet Uk Limited

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (14 weeks)

40 weeks - Safe Fleet Uk Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.5%, this is a similar level of debt than the average (69.5%)

67.5% - Safe Fleet Uk Limited

69.5% - Industry AVG

SAFE FLEET UK LIMITED financials

EXPORTms excel logo

Safe Fleet Uk Limited's latest turnover from December 2023 is £30.4 million and the company has net assets of £20.5 million. According to their latest financial statements, Safe Fleet Uk Limited has 117 employees and maintains cash reserves of £5.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021
Turnover30,403,49933,625,19725,568,676
Other Income Or Grants000
Cost Of Sales17,126,62919,471,40615,680,049
Gross Profit13,276,87114,153,7919,888,627
Admin Expenses9,809,27612,150,8208,254,887
Operating Profit3,467,5952,002,9711,633,740
Interest Payable2,263,8402,818,7981,639,025
Interest Receivable148,8583,608889
Pre-Tax Profit1,352,614-812,21946,920
Tax-1,430,659-952,679-732,008
Profit After Tax-78,046-1,764,898-685,088
Dividends Paid000
Retained Profit-78,046-1,764,898-685,088
Employee Costs4,443,1735,550,5233,750,445
Number Of Employees11711982
EBITDA*8,363,5768,163,7115,526,560

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021
Tangible Assets1,676,4722,097,1762,156,009
Intangible Assets35,003,74852,321,00441,299,768
Investments & Other6,4958,5808,580
Debtors (Due After 1 year)000
Total Fixed Assets36,686,71554,426,76043,464,357
Stock & work in progress7,584,3859,770,53810,449,035
Trade Debtors7,255,6476,496,6156,266,063
Group Debtors079,28014,037
Misc Debtors586,459743,90628,664,997
Cash5,420,0246,298,4611,610,781
misc current assets5,487,85300
total current assets26,334,36823,388,80047,004,913
total assets63,021,08277,815,56090,469,270
Bank overdraft000
Bank loan000
Trade Creditors 958,8901,177,3271,581,621
Group/Directors Accounts3,644,2191,883,255251,766
other short term finances000
hp & lease commitments000
other current liabilities2,394,9702,121,7162,263,023
total current liabilities6,998,0805,182,2984,096,410
loans35,295,70746,629,15932,000,000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities000
provisions232,610254,293264,261
total long term liabilities35,528,31846,883,45232,264,261
total liabilities42,526,39852,065,75036,360,671
net assets20,494,68525,749,81054,108,599
total shareholders funds20,494,68525,749,81054,108,599
Dec 2023Dec 2022Dec 2021
Operating Activities
Operating Profit3,467,5952,002,9711,633,740
Depreciation146,299183,61394,359
Amortisation4,749,6825,977,1273,798,461
Tax-1,430,659-952,679-732,008
Stock-2,186,153-678,49710,449,035
Debtors522,304-27,625,29634,945,097
Creditors-218,437-404,2941,581,621
Accruals and Deferred Income273,254-141,3072,263,023
Deferred Taxes & Provisions-21,683-9,968264,261
Cash flow from operations8,629,90034,959,256-36,490,675
Investing Activities
capital expenditure000
Change in Investments-2,08508,580
cash flow from investments2,0850-8,580
Financing Activities
Bank loans000
Group/Directors Accounts1,760,9641,631,489251,766
Other Short Term Loans 000
Long term loans-11,333,45214,629,15932,000,000
Hire Purchase and Lease Commitments000
other long term liabilities000
share issue-5,177,079-26,593,89154,793,687
interest-2,114,982-2,815,190-1,638,136
cash flow from financing-16,864,549-13,148,43385,407,317
cash and cash equivalents
cash-878,4374,687,6801,610,781
overdraft000
change in cash-878,4374,687,6801,610,781

safe fleet uk limited 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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Safe Fleet Uk Limited Competitor Analysis

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Perform a competitor analysis for safe fleet uk limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CO12 area or any other competitors across 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 Shareholders

safe fleet acquisition corp 100%

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).

officercountryagestartendrole
Mr Charles GesslerUnited States57 years Feb 2021- Director
Mr John KnoxUnited States59 years Feb 2021- Director
Mr Michael SchulteUnited States57 years Feb 2021- Director
Mr Steven PowellUnited Kingdom47 years Nov 2022- Director
Mr Robert WillingUnited States56 years Feb 2024- Director
Mr Brian OlsenUnited Kingdom55 years Apr 2024- Director

P&L

December 2023

turnover

30.4m

-10%

operating profit

3.5m

+73%

gross margin

43.7%

+3.74%

turnover

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

Balance Sheet

December 2023

net assets

20.5m

-0.2%

total assets

63m

-0.19%

cash

5.4m

-0.14%

net assets

Total assets minus all liabilities

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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

incorporated

UK

ultimate parent company

SAFE FLEET ACQUISITION CORP

accounts

Group

last accounts submitted

December 2023

previous names

hamsard 3615 limited (February 2021)

accountant

-

auditor

HW FISHER LLP

address

durite works valley road, dovercourt, essex, CO12 4RX

Bank

BANK OF AMERICA

Legal Advisor

-

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.

charges

safe fleet uk limited Companies House Filings - See Documents

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