Pomanda estimates the enterprise value of SSAS SOLUTIONS (UK) LTD at £1.4m based on a Turnover of £732.5k and 1.95x industry multiple (adjusted for size and gross margin).
ssas solutions (uk) ltdEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of SSAS SOLUTIONS (UK) LTD at £2.2m based on an EBITDA of £415.9k and a 5.24x industry multiple (adjusted for size and gross margin).
ssas solutions (uk) ltdEstimated Valuation
£1.6m
Pomanda estimates the enterprise value of SSAS SOLUTIONS (UK) LTD at £1.6m based on Net Assets of £861.2k and 1.84x industry multiple (adjusted for liquidity).
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Ssas Solutions (uk) LtdOverview
Ssas Solutions (uk) Ltd is a live company located in belfast, BT1 2BE with a Companies House number of NI606336. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in February 2011, it's largest shareholder is
mattioli woods plc
with a 100% stake. Ssas Solutions (uk) Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£732.5k with
declining
growth in recent years.
Pomanda's financial health check has awarded Ssas Solutions (Uk) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £732.5k, make it smaller than the average company (£1.3m)
£732.5k - Ssas Solutions (uk) Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7%)
-13% - Ssas Solutions (uk) Ltd
7% - Industry AVG
Production
with a gross margin of 80.2%, this company has a comparable cost of product (86.4%)
80.2% - Ssas Solutions (uk) Ltd
86.4% - Industry AVG
Profitability
an operating margin of 56.6% make it more profitable than the average company (19.8%)
56.6% - Ssas Solutions (uk) Ltd
19.8% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (6)
6 - Ssas Solutions (uk) Ltd
6 - Industry AVG
Pay Structure
on an average salary of £23.6k, the company has a lower pay structure (£47.2k)
£23.6k - Ssas Solutions (uk) Ltd
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £122.1k, this is less efficient (£158k)
£122.1k - Ssas Solutions (uk) Ltd
£158k - Industry AVG
Debtor Days
it gets paid by customers after 309 days, this is later than average (40 days)
309 days - Ssas Solutions (uk) Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 2073 days, this is slower than average (44 days)
2073 days - Ssas Solutions (uk) Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ssas Solutions (uk) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 56 weeks, this is more cash available to meet short term requirements (27 weeks)
56 weeks - Ssas Solutions (uk) Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49%, this is a lower level of debt than the average (61.4%)
49% - Ssas Solutions (uk) Ltd
61.4% - Industry AVG
SSAS SOLUTIONS (UK) LTD financials
EXPORT
Ssas Solutions (Uk) Ltd's latest turnover from May 2024 is £732.5 thousand and the company has net assets of £861.2 thousand. According to their latest financial statements, Ssas Solutions (Uk) Ltd has 6 employees and maintains cash reserves of £895.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Turnover
732,491
1,046,676
1,290,715
1,099,322
1,127,858
1,086,786
1,005,426
928,033
940,474
518,493
69,410
69,110
Other Income Or Grants
Cost Of Sales
145,261
354,613
446,956
491,940
474,168
281,714
285,491
117,682
257,928
184,019
24,090
20,687
Gross Profit
587,230
692,063
843,759
607,382
653,690
805,072
719,935
810,351
682,547
334,474
45,320
48,423
Admin Expenses
172,323
100,094
123,370
85,020
194,991
190,869
113,892
696,495
527,911
172,850
84,804
-15,390
Operating Profit
414,907
591,969
720,389
522,362
458,699
614,203
606,043
113,856
154,636
161,624
-39,484
63,813
Interest Payable
546
1,786
531
509
6,874
553
4,863
Interest Receivable
4,158
4,542
4,072
12,834
6,020
2,602
1,270
1,961
741
162
151
Pre-Tax Profit
414,361
594,341
724,400
525,925
471,533
548,434
607,030
110,263
156,598
162,365
-39,322
63,964
Tax
-101,156
-121,247
-138,190
-98,895
-92,262
-105,772
-116,614
-22,052
-31,319
-34,097
-15,351
Profit After Tax
313,205
473,094
586,210
427,030
379,271
442,662
490,416
88,210
125,278
128,268
-39,322
48,613
Dividends Paid
825,000
1,500,000
171,000
106,000
Retained Profit
313,205
-351,906
-913,790
427,030
379,271
271,662
384,416
88,210
125,278
128,268
-39,322
48,613
Employee Costs
141,311
346,533
439,756
491,940
474,167
274,139
248,621
494,127
414,061
187,654
34,837
33,614
Number Of Employees
6
10
12
13
15
12
12
14
11
5
1
1
EBITDA*
415,932
593,383
721,856
524,363
458,699
618,718
611,025
369,683
411,874
292,992
45,850
148,608
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Tangible Assets
4,098
5,123
6,537
8,004
10,005
20,484
19,927
24,909
30,554
26,273
29,335
27,181
Intangible Assets
249,600
499,200
624,000
702,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,098
5,123
6,537
8,004
10,005
20,484
19,927
24,909
280,154
525,473
653,335
729,181
Stock & work in progress
72,288
109,043
44,985
72,684
28,825
Trade Debtors
620,683
841,636
809,106
799,146
698,073
195,003
149,071
38,615
82,618
69,888
6,416
5,300
Group Debtors
118,461
Misc Debtors
48,348
121,453
172,475
105,599
247,101
15,944
5,471
Cash
895,708
1,347,027
2,605,543
1,957,614
1,650,598
1,087,833
517,483
523,325
492,665
291,867
4,534
60,417
misc current assets
31,196
total current assets
1,683,200
2,310,116
3,587,124
2,862,359
2,379,867
1,342,355
913,655
650,172
689,797
406,740
83,634
94,542
total assets
1,687,298
2,315,239
3,593,661
2,870,363
2,389,872
1,362,839
933,582
675,081
969,951
932,213
736,969
823,723
Bank overdraft
Bank loan
Trade Creditors
825,038
12,596
2,418
2,938
24,559
5,605
21,006
664
109,747
42,596
90,633
Group/Directors Accounts
594,457
9,680
19,374
other short term finances
8,001
5,616
hp & lease commitments
other current liabilities
1,158,908
2,692,286
1,051,629
998,558
180,765
142,565
131,196
total current liabilities
825,038
1,765,961
2,692,286
1,054,047
1,001,496
351,800
194,371
169,187
151,234
109,747
42,596
90,633
loans
150,000
hp & lease commitments
550,000
Accruals and Deferred Income
other liabilities
680,000
680,000
680,000
provisions
1,025
1,248
2,878
5,180
3,360
3,448
4,547
5,580
4,607
5,078
4,473
total long term liabilities
1,025
1,248
1,439
2,590
1,680
3,614
3,448
154,547
555,580
684,607
685,078
684,473
total liabilities
826,063
1,767,209
2,693,725
1,056,637
1,003,176
355,414
197,819
323,734
706,814
794,354
727,674
775,106
net assets
861,235
548,030
899,936
1,813,726
1,386,696
1,007,425
735,763
351,347
263,137
137,859
9,295
48,617
total shareholders funds
861,235
548,030
899,936
1,813,726
1,386,696
1,007,425
735,763
351,347
263,137
137,859
9,295
48,617
May 2024
May 2023
May 2022
May 2021
May 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Operating Activities
Operating Profit
414,907
591,969
720,389
522,362
458,699
614,203
606,043
113,856
154,636
161,624
-39,484
63,813
Depreciation
1,025
1,414
1,467
2,001
4,515
4,982
6,227
7,638
6,568
7,334
6,795
Amortisation
249,600
249,600
124,800
78,000
78,000
Tax
-101,156
-121,247
-138,190
-98,895
-92,262
-105,772
-116,614
-22,052
-31,319
-34,097
-15,351
Stock
-72,288
-36,755
64,058
-27,699
43,859
28,825
Debtors
-175,597
-18,492
76,836
206,672
503,070
-133,547
273,991
-33,530
18,201
63,472
1,116
5,300
Creditors
812,442
12,596
-2,418
-520
-21,621
18,954
-15,401
20,342
-109,083
67,151
-48,037
90,633
Accruals and Deferred Income
-1,158,908
-1,533,378
1,640,657
53,071
998,558
-180,765
38,200
11,369
131,196
Deferred Taxes & Provisions
-223
-1,630
-2,302
1,820
3,360
-3,448
-1,099
-1,033
973
-471
605
4,473
Cash flow from operations
143,684
-1,031,784
2,142,767
273,167
843,664
481,234
314,408
448,594
321,382
289,802
-46,557
194,238
Investing Activities
capital expenditure
10,479
-5,072
-582
-11,919
-3,506
-9,488
-813,976
Change in Investments
cash flow from investments
10,479
-5,072
-582
-11,919
-3,506
-9,488
-813,976
Financing Activities
Bank loans
Group/Directors Accounts
-594,457
594,457
-9,680
9,680
-19,374
19,374
Other Short Term Loans
-8,001
2,385
5,616
Long term loans
-150,000
150,000
Hire Purchase and Lease Commitments
-550,000
550,000
other long term liabilities
-680,000
680,000
share issue
296
4
interest
-546
2,372
4,011
3,563
12,834
-854
2,049
-3,593
1,961
741
162
151
cash flow from financing
-595,003
596,829
4,011
3,563
12,834
-18,535
-135,886
-417,351
-108,665
1,037
162
680,155
cash and cash equivalents
cash
-451,319
-1,258,516
647,929
307,016
562,765
570,350
-5,842
30,660
200,798
287,333
-55,883
60,417
overdraft
change in cash
-451,319
-1,258,516
647,929
307,016
562,765
570,350
-5,842
30,660
200,798
287,333
-55,883
60,417
ssas solutions (uk) ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ssas solutions (uk) ltd. Get real-time insights into ssas solutions (uk) ltd's credit score, group structure and payment trends.
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ssas solutions (uk) ltd Ownership
SSAS SOLUTIONS (UK) LTD group structure
Ssas Solutions (Uk) Ltd has no subsidiary companies.
The sole shareholder of Ssas Solutions (Uk) Ltd is Mattioli Woods Plc.
mattioli woods plc
100%
ssas solutions (uk) ltd directors
Ssas Solutions (Uk) Ltd currently has 3 directors.
The longest serving directors include
Mr Michael Wright (Mar 2019) and
Mr Michael Wright (Mar 2019).
6th floor river house, 48-60 high street, belfast, BT1 2BE
Bank
-
Legal Advisor
-
ssas solutions (uk) 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 ssas solutions (uk) ltd.
ssas solutions (uk) 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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ssas solutions (uk) ltdCompanies House Filings - See Documents
