Sword Security (n.i.) Ltd

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sword security (n.i.) ltd Company Information

Live

MatureMidDeclining

Company Number

NI035728

Website

www.sword-security.co.uk

Registered Address

unit 7 edgewater road, edgewater business park, belfast, BT3 9JQ

Industry

Private security activities

Telephone

442890503040

Next Accounts Due

178 days late

Group Structure

View All

Directors

Declan Doyle1 Years

Cormac Shiels1 Years

View All

Shareholders

robinson services ltd 100%

sword security (n.i.) ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of SWORD SECURITY (N.I.) LTD at £2.4m based on a Turnover of £6.9m and 0.34x industry multiple (adjusted for size and gross margin).

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Sword Security (n.i.) Ltd is a live company located in belfast, BT3 9JQ with a Companies House number of NI035728. It operates in the private security activities sector, SIC Code 80100. Founded in March 1999, it's largest shareholder is robinson services ltd with a 100% stake. Sword Security (n.i.) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Sword Security (N.I.) Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £6.9m, make it larger than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.6%)

EXPORT

Sword Security (N.I.) Ltd's latest turnover from June 2022 is £6.9 million and the company has net assets of £219.2 thousand. According to their latest financial statements, Sword Security (N.I.) Ltd has 359 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	6,921,577	8,956,664	9,584,525	9,939,081	10,627,015	8,105,141	5,777,451	13,434,792	10,633,272	10,092,300	14,775,358	13,519,609	14,991,559
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,323,584	8,641,372	7,884,087	7,863,459	8,386,420	6,373,459	4,538,444	10,391,007	8,301,657	7,681,517	11,182,101	10,276,192	11,382,641
Gross Profit	597,993	315,292	1,700,438	2,075,622	2,240,596	1,731,682	1,239,007	3,043,786	2,331,615	2,410,784	3,593,257	3,243,417	3,608,918
Admin Expenses	888,872	379,942	1,810,723	1,971,372	2,235,043	1,702,104	1,154,772	2,948,419	2,214,932	2,260,797	3,801,590	3,102,095	3,081,229
Operating Profit	-290,879	-64,650	-110,285	104,250	5,553	29,578	84,235	95,367	116,683	149,987	-208,333	141,322	527,689
Interest Payable	30,797	15,123	25,221	41,687	27,566	16,107	5,885	0	0	0	0	0	0
Interest Receivable	0	0	255	832	616	111	476	496	363	518	514	236	44
Pre-Tax Profit	-321,676	-79,773	-135,250	63,395	-21,396	13,581	78,825	95,864	117,046	150,505	-207,819	141,558	527,733
Tax	17,877	879	0	-12,045	0	-2,580	-15,765	-19,173	-24,580	-34,616	0	-36,805	-147,765
Profit After Tax	-303,799	-78,894	-135,250	51,350	-21,396	11,001	63,060	76,691	92,466	115,889	-207,819	104,753	379,968
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-303,799	-78,894	-135,250	51,350	-21,396	11,001	63,060	76,691	92,466	115,889	-207,819	104,753	379,968
Employee Costs	9,393,198	9,861,612	9,529,158	9,449,352	9,748,305	7,039,580	3,995,975	9,243,745	7,680,931	7,565,652	10,532,759	9,743,705	11,426,323
Number Of Employees	359	402	402	400	433	320	187	438	351	351	484	445	490
EBITDA*	-248,160	-32,426	-62,700	151,057	44,948	59,282	115,870	122,242	139,963	171,002	-182,279	174,365	551,804

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	321,605	295,576	327,494	316,039	360,908	285,255	302,965	315,913	283,980	298,836	298,729	302,883	309,155
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	5,000	15,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	321,605	295,576	327,494	316,039	360,908	285,255	302,965	315,913	283,980	298,836	298,729	307,883	324,155
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,397,263	2,191,005	1,514,049	1,694,975	1,716,375	1,438,096	1,195,101	1,267,608	1,123,601	1,037,727	1,130,358	1,368,947	1,190,339
Group Debtors	2,061	1,626	36,155	211,515	0	0	0	0	0	0	0	0	0
Misc Debtors	311,810	251,286	417,904	438,140	99,445	97,501	72,389	0	0	0	0	0	0
Cash	0	0	505,100	5,853	216,033	30,403	58,577	131,674	66,877	78,194	128,931	76,647	17,671
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,711,134	2,443,917	2,473,208	2,350,483	2,031,853	1,566,000	1,326,067	1,399,282	1,190,478	1,115,921	1,259,289	1,445,594	1,208,010
total assets	2,032,739	2,739,493	2,800,702	2,666,522	2,392,761	1,851,255	1,629,032	1,715,195	1,474,458	1,414,757	1,558,018	1,753,477	1,532,165
Bank overdraft	194,156	459,339	105,566	721,346	513,820	328,759	150,026	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	12,102	0	0	0	0	0	0
Trade Creditors	36,586	25,770	31,404	111,287	117,356	82,385	79,011	1,018,138	864,784	879,418	1,124,425	1,115,801	981,542
Group/Directors Accounts	657,966	80,996	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	28,451	25,385	30,664	20,096	18,502	15,518	19,280	0	0	0	0	0	0
other current liabilities	868,148	1,614,313	1,994,962	1,047,078	1,002,530	693,863	625,148	0	0	0	0	0	0
total current liabilities	1,785,307	2,205,803	2,162,596	1,899,807	1,652,208	1,120,525	885,567	1,018,138	864,784	879,418	1,124,425	1,115,801	981,542
loans	0	0	0	0	0	5,591	18,961	0	0	0	0	0	0
hp & lease commitments	28,236	10,695	35,339	21,942	44,195	15,436	23,472	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	57,573	50,021	66,182	79,693	76,810	93,524
provisions	0	0	879	7,635	10,570	2,519	4,849	6,361	3,221	5,191	5,823	4,970	5,956
total long term liabilities	28,236	10,695	36,218	29,577	54,765	23,546	47,282	63,934	53,242	71,373	85,516	81,780	99,480
total liabilities	1,813,543	2,216,498	2,198,814	1,929,384	1,706,973	1,144,071	932,849	1,082,072	918,026	950,791	1,209,941	1,197,581	1,081,022
net assets	219,196	522,995	601,888	737,138	685,788	707,184	696,183	633,123	556,432	463,966	348,077	555,896	451,143
total shareholders funds	219,196	522,995	601,888	737,138	685,788	707,184	696,183	633,123	556,432	463,966	348,077	555,896	451,143

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-290,879	-64,650	-110,285	104,250	5,553	29,578	84,235	95,367	116,683	149,987	-208,333	141,322	527,689
Depreciation	42,719	32,224	47,585	46,807	39,395	29,704	31,635	26,875	23,280	21,015	21,054	23,043	19,115
Amortisation	0	0	0	0	0	0	0	0	0	0	5,000	10,000	5,000
Tax	17,877	879	0	-12,045	0	-2,580	-15,765	-19,173	-24,580	-34,616	0	-36,805	-147,765
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-732,783	475,809	-376,522	528,810	280,223	268,107	-118	144,007	85,874	-92,631	-238,589	178,608	1,190,339
Creditors	10,816	-5,634	-79,883	-6,069	34,971	3,374	-939,127	153,354	-14,634	-245,007	8,624	134,259	981,542
Accruals and Deferred Income	-746,165	-380,649	947,884	44,548	308,667	68,715	625,148	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-879	-6,756	-2,935	8,051	-2,330	-1,512	3,140	-1,970	-632	853	-986	5,956
Cash flow from operations	-232,849	-894,518	1,175,067	-354,254	116,414	-141,646	-215,268	115,556	12,905	-16,622	65,787	92,225	201,198
Investing Activities
capital expenditure	-68,748	-306	-59,040	-1,938	-115,048	-11,994	-18,687	-58,808	-8,424	-21,122	-16,900	-16,771	-348,270
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-68,748	-306	-59,040	-1,938	-115,048	-11,994	-18,687	-58,808	-8,424	-21,122	-16,900	-16,771	-348,270
Financing Activities
Bank loans	0	0	0	0	0	-12,102	12,102	0	0	0	0	0	0
Group/Directors Accounts	576,970	80,996	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-5,591	-13,370	18,961	0	0	0	0	0	0
Hire Purchase and Lease Commitments	20,607	-29,923	23,965	-20,659	31,743	-11,798	42,752	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-57,573	7,552	-16,161	-13,511	2,883	-16,714	93,524
share issue	0	1	0	0	0	0	0	0	0	0	0	0	71,175
interest	-30,797	-15,123	-24,966	-40,855	-26,950	-15,996	-5,409	496	363	518	514	236	44
cash flow from financing	566,780	35,951	-1,001	-61,514	-798	-53,266	10,833	8,048	-15,798	-12,993	3,397	-16,478	164,743
cash and cash equivalents
cash	0	-505,100	499,247	-210,180	185,630	-28,174	-73,097	64,797	-11,317	-50,737	52,284	58,976	17,671
overdraft	-265,183	353,773	-615,780	207,526	185,061	178,733	150,026	0	0	0	0	0	0
change in cash	265,183	-858,873	1,115,027	-417,706	569	-206,907	-223,123	64,797	-11,317	-50,737	52,284	58,976	17,671

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sword security (n.i.) ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in BT3 area or any other competitors across 12 key performance metrics.

SWORD SECURITY (N.I.) LTD group structure

Sword Security (N.I.) Ltd has no subsidiary companies.

Ultimate parent company

THE BIDVEST GROUP LTD

#0037686

ROBINSON SERVICES LTD

NI039582

2 parents

SWORD SECURITY (N.I.) LTD

NI035728

SWORD SECURITY (N.I.) LTD Shareholders

robinson services ltd

100%

Sword Security (N.I.) Ltd currently has 4 directors. The longest serving directors include Mr Declan Doyle (Jul 2023) and Mr Cormac Shiels (Jul 2023).

officer	country	age	start	end	role
Mr Declan Doyle	United Kingdom	44 years	Jul 2023	-	Director
Mr Cormac Shiels	Northern Ireland	54 years	Jul 2023	-	Director
Ms Kathy McDermott	United Kingdom	38 years	Jul 2023	-	Director
Mr Mark Holligan	Northern Ireland	39 years	Jul 2023	-	Director

P&L

June 2022

turnover

6.9m

-23%

operating profit

-290.9k

+350%

gross margin

8.7%

+145.43%

turnover

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

Balance Sheet

June 2022

net assets

219.2k

-0.58%

total assets

-0.26%

cash

net assets

Total assets minus all liabilities

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company number

NI035728

Type

Private limited with Share Capital

industry

80100 - Private security activities

incorporation date

March 1999

accounts

Small Company

ultimate parent company

THE BIDVEST GROUP LTD

previous names

N/A

last accounts submitted

June 2022

address

unit 7 edgewater road, edgewater business park, belfast, BT3 9JQ

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 8 charges/mortgages relating to sword security (n.i.) ltd. Currently there are 0 open charges and 8 have been satisfied in the past.

sword security (n.i.) ltd Company Information

sword security (n.i.) ltd Estimated Valuation

sword security (n.i.) ltd Estimated Valuation

sword security (n.i.) ltd Estimated Valuation

Sword Security (n.i.) Ltd Overview

Sword Security (n.i.) Ltd Health Check

SWORD SECURITY (N.I.) LTD financials

sword security (n.i.) ltd Credit Report and Business Information

Sword Security (n.i.) Ltd Competitor Analysis

sword security (n.i.) ltd Ownership

sword security (n.i.) ltd directors

sword security (n.i.) ltd company details

sword security (n.i.) ltd Charges & Mortgages

sword security (n.i.) ltd Companies House Filings - See Documents