sibcas (holdings) limited

3.5

sibcas (holdings) limited Company Information

Share SIBCAS (HOLDINGS) LIMITED
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MatureMidLow

Company Number

SC038641

Registered Address

easton road, bathgate, west lothian, EH48 2SF

Industry

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

 

Telephone

01506633122

Next Accounts Due

December 2024

Group Structure

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Directors

Alisdair Storrie35 Years

William Storrie35 Years

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Shareholders

w. storrie 30.6%

alisdair storrie 13.5%

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sibcas (holdings) limited Estimated Valuation

£16.4m

Pomanda estimates the enterprise value of SIBCAS (HOLDINGS) LIMITED at £16.4m based on a Turnover of £19.8m and 0.83x industry multiple (adjusted for size and gross margin).

sibcas (holdings) limited Estimated Valuation

£15.2m

Pomanda estimates the enterprise value of SIBCAS (HOLDINGS) LIMITED at £15.2m based on an EBITDA of £4.5m and a 3.39x industry multiple (adjusted for size and gross margin).

sibcas (holdings) limited Estimated Valuation

£71.3m

Pomanda estimates the enterprise value of SIBCAS (HOLDINGS) LIMITED at £71.3m based on Net Assets of £35.1m and 2.03x industry multiple (adjusted for liquidity).

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Sibcas (holdings) Limited Overview

Sibcas (holdings) Limited is a live company located in west lothian, EH48 2SF with a Companies House number of SC038641. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in April 1963, it's largest shareholder is w. storrie with a 30.6% stake. Sibcas (holdings) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.8m with low growth in recent years.

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Sibcas (holdings) Limited Health Check

Pomanda's financial health check has awarded Sibcas (Holdings) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £19.8m, make it larger than the average company (£10.9m)

£19.8m - Sibcas (holdings) Limited

£10.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.7%)

0% - Sibcas (holdings) Limited

5.7% - Industry AVG

production

Production

with a gross margin of 23.4%, this company has a higher cost of product (45.8%)

23.4% - Sibcas (holdings) Limited

45.8% - Industry AVG

profitability

Profitability

an operating margin of 8.7% make it less profitable than the average company (12.1%)

8.7% - Sibcas (holdings) Limited

12.1% - Industry AVG

employees

Employees

with 198 employees, this is above the industry average (53)

198 - Sibcas (holdings) Limited

53 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.1k, the company has an equivalent pay structure (£43.3k)

£49.1k - Sibcas (holdings) Limited

£43.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £99.8k, this is less efficient (£186.4k)

£99.8k - Sibcas (holdings) Limited

£186.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is near the average (58 days)

50 days - Sibcas (holdings) Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is quicker than average (51 days)

33 days - Sibcas (holdings) Limited

51 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 53 days, this is more than average (22 days)

53 days - Sibcas (holdings) Limited

22 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (8 weeks)

45 weeks - Sibcas (holdings) Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22.9%, this is a lower level of debt than the average (58.5%)

22.9% - Sibcas (holdings) Limited

58.5% - Industry AVG

sibcas (holdings) 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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Sibcas (holdings) Limited Competitor Analysis

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Perform a competitor analysis for sibcas (holdings) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

sibcas (holdings) limited Ownership

SIBCAS (HOLDINGS) LIMITED group structure

Sibcas (Holdings) Limited has 5 subsidiary companies.

SIBCAS (HOLDINGS) LIMITED Shareholders

w. storrie 30.64%
alisdair storrie 13.48%
sibcas pension fund 7.37%
anna m. storrie 7.31%
firm of calgen 6.87%
iain storrie liferent trust (annette marjorie storrie) 5.94%
r. storrie 5.77%
linda storrie 4.69%
j. storrie 4.63%
l. mcculloch 4.52%

sibcas (holdings) limited directors

Sibcas (Holdings) Limited currently has 6 directors. The longest serving directors include Mr Alisdair Storrie (Dec 1988) and Mr William Storrie (Dec 1988).

officercountryagestartendrole
Mr Alisdair Storrie74 years Dec 1988- Director
Mr William Storrie65 years Dec 1988- Director
Mr Justin Storrie50 years Sep 1998- Director
Mr Matthew Smith59 years Jan 2013- Director
Mr Jordan Storrie32 years Apr 2018- Director
Mr Ewen MacLeod58 years Apr 2024- Director

SIBCAS (HOLDINGS) LIMITED financials

EXPORTms excel logo

Sibcas (Holdings) Limited's latest turnover from March 2023 is £19.8 million and the company has net assets of £35.1 million. According to their latest financial statements, Sibcas (Holdings) Limited has 198 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover19,764,06720,154,29721,752,93119,531,55421,143,01821,029,88621,001,99920,746,59320,131,42917,351,95817,393,86419,358,01921,845,95022,167,853
Other Income Or Grants00000000000000
Cost Of Sales15,133,58615,423,23216,858,24715,539,03816,881,28016,002,80215,812,56515,914,50315,467,39713,237,46012,680,90013,434,66115,207,40015,496,540
Gross Profit4,630,4814,731,0654,894,6843,992,5164,261,7385,027,0845,189,4344,832,0904,664,0324,114,4984,712,9645,923,3586,638,5506,671,313
Admin Expenses2,904,9402,640,6063,056,8763,545,9463,816,4654,303,1463,656,3503,752,7083,739,7143,492,8463,901,7134,393,4094,271,2924,306,333
Operating Profit1,725,5412,090,4591,837,808446,570445,273723,9381,533,0841,079,382924,318621,652811,2511,529,9492,367,2582,364,980
Interest Payable0033,035102,401148,41197,739155,593185,283221,405274,326310,081313,761341,083404,373
Interest Receivable47,05714,93211,03810,5006,9745,1666,1194,3454,8647,9095,4835,8614,7953,440
Pre-Tax Profit1,772,5982,105,3911,815,811354,669303,836631,3651,383,610898,444707,777355,235506,6531,222,0492,030,9701,964,047
Tax-374,188-922,336-643,979-373,890-112,317-137,866-134,368128,087-143,510500,64552,53191,026-180,594-535,312
Profit After Tax1,398,4101,183,0551,171,832-19,221191,519493,4991,249,2421,026,531564,267855,880559,1841,313,0751,850,3761,428,735
Dividends Paid1,411,349637,384591,856591,856569,093569,093546,329512,183512,183455,274512,183569,092546,329546,329
Retained Profit-12,939545,671579,976-611,077-377,574-75,594702,913514,34852,084400,60647,001743,9831,304,047882,406
Employee Costs9,726,5928,813,4399,768,69410,187,94110,124,93510,281,95810,226,9909,887,4019,105,4548,489,4698,525,9189,175,1129,389,6638,977,378
Number Of Employees198184212244245256264260236230238262262260
EBITDA*4,498,3915,165,3355,384,9094,471,6454,629,7974,695,1145,413,7354,894,3594,424,7683,269,7004,132,6314,734,8765,352,2995,319,493

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets34,541,05634,614,43533,424,21036,724,76939,200,78539,170,44940,903,28541,448,41441,487,56442,140,23241,080,66141,586,82541,833,34540,729,804
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets34,541,05634,614,43533,424,21036,724,76939,200,78539,170,44940,903,28541,448,41441,487,56442,140,23241,080,66141,586,82541,833,34540,729,804
Stock & work in progress2,226,1671,757,340950,2631,287,711939,1431,000,273765,522924,791807,167819,133915,8861,076,6991,256,8281,094,598
Trade Debtors2,729,7223,003,4633,041,2052,750,9693,740,7163,160,6253,502,9863,103,6393,943,6642,521,1183,070,4942,494,5953,718,2422,918,344
Group Debtors258,127347,750311,732260,592189,31774,29363,79522,1363,9327,2531,787000
Misc Debtors838,104967,647794,252803,340622,615618,576661,465796,417805,781846,274757,164799,356821,121880,523
Cash4,849,6174,916,1483,500,6541,071,90615,74614,21415,06311,40918,64912,66213,1499,17913,45913,656
misc current assets00000000000000
total current assets10,901,73710,992,3488,598,1066,174,5185,507,5374,867,9815,008,8314,858,3925,579,1934,206,4404,758,4804,379,8295,809,6504,907,121
total assets45,442,79345,606,78342,022,31642,899,28744,708,32244,038,43045,912,11646,306,80647,066,75746,346,67245,839,14145,966,65447,642,99545,636,925
Bank overdraft0000243,413583,843823,314839,156145,203165,543340,201544,449985,789902,292
Bank loan000512,200512,200512,200512,2006,061,000500,000500,000499,200500,8007,365,283416,800
Trade Creditors 1,406,9211,687,5741,086,2181,112,4741,496,2151,039,1011,180,0391,420,3161,850,9571,121,9941,148,320871,4381,165,9371,284,566
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments000183,718240,789231,048257,276305,000248,748232,343378,013465,0111,986,475550,887
other current liabilities4,090,5204,238,6554,629,9822,930,5183,258,5893,433,1583,857,4133,345,4273,759,9932,740,9783,089,3752,260,5992,389,3443,220,647
total current liabilities5,497,4415,926,2295,716,2004,738,9105,751,2065,799,3506,630,24211,970,8996,504,9014,760,8585,455,1094,642,29713,892,8286,375,192
loans0002,506,1002,768,3003,780,5004,542,70006,561,0007,311,0007,811,0008,310,200832,0007,197,283
hp & lease commitments000109,136205,827252,451288,647393,197205,086270,393504,948686,589499,329672,814
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions4,885,2274,607,4903,399,2933,218,2943,045,0653,091,6463,288,4503,502,6563,929,8833,787,2054,409,9824,716,4675,074,5895,351,434
total long term liabilities4,885,2274,607,4903,399,2935,833,5306,019,1927,124,5978,119,7973,895,85310,695,96911,368,59812,725,93013,713,2566,405,91813,221,531
total liabilities10,382,66810,533,7199,115,49310,572,44011,770,39812,923,94714,750,03915,866,75217,200,87016,129,45618,181,03918,355,55320,298,74619,596,723
net assets35,060,12535,073,06432,906,82332,326,84732,937,92431,114,48331,162,07730,440,05429,865,88730,217,21627,658,10227,611,10127,344,24926,040,202
total shareholders funds35,060,12535,073,06432,906,82332,326,84732,937,92431,114,48331,162,07730,440,05429,865,88730,217,21627,658,10227,611,10127,344,24926,040,202
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,725,5412,090,4591,837,808446,570445,273723,9381,533,0841,079,382924,318621,652811,2511,529,9492,367,2582,364,980
Depreciation2,772,8503,074,8763,547,1014,025,0754,184,5243,971,1763,880,6513,814,9773,500,4502,648,0483,321,3803,204,9272,985,0412,954,513
Amortisation00000000000000
Tax-374,188-922,336-643,979-373,890-112,317-137,866-134,368128,087-143,510500,64552,53191,026-180,594-535,312
Stock468,827807,077-337,448348,568-61,130234,751-159,269117,624-11,966-96,753-160,813-180,129162,2301,094,598
Debtors-492,907171,671332,288-737,747699,154-374,752306,054-831,1851,378,732-454,800535,494-1,245,412740,4963,798,867
Creditors-280,653601,356-26,256-383,741457,114-140,938-240,277-430,641728,963-26,326276,882-294,499-118,6291,284,566
Accruals and Deferred Income-148,135-391,3271,699,464-328,071-174,569-424,255511,986-414,5661,019,015-348,397828,776-128,745-831,3033,220,647
Deferred Taxes & Provisions277,7371,208,197180,999173,229-46,581-196,804-214,206-427,227142,678-622,777-306,485-358,122-276,8455,351,434
Cash flow from operations3,997,2324,682,4776,600,2973,948,3514,115,4203,935,2525,190,0854,463,5734,805,1483,324,3984,609,6545,470,0773,042,2029,747,363
Investing Activities
capital expenditure00000-1,342,365-2,048,543-2,599,055-2,376,006-1,767,270-2,486,181-2,199,408-3,368,847-1,593,601
Change in Investments00000000000000
cash flow from investments00000-1,342,365-2,048,543-2,599,055-2,376,006-1,767,270-2,486,181-2,199,408-3,368,847-1,593,601
Financing Activities
Bank loans00-512,200000-5,548,8005,561,0000800-1,600-6,864,4836,948,483416,800
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00-2,506,100-262,200-1,012,200-762,2004,542,700-6,561,000-750,000-500,000-499,2007,478,200-6,365,2837,197,283
Hire Purchase and Lease Commitments00-292,854-153,762-36,883-62,424-152,274244,363-48,902-380,225-268,639-1,334,2041,262,1031,223,701
other long term liabilities00000000000000
share issue01,620,570002,201,01528,00019,11059,819-403,4132,158,5080-477,131025,157,796
interest47,05714,932-21,997-91,901-141,437-92,573-149,474-180,938-216,541-266,417-304,598-307,900-336,288-400,933
cash flow from financing47,0571,635,502-3,333,151-507,8631,010,495-889,197-1,288,738-876,756-1,418,8561,012,666-1,074,037-1,505,5181,509,01533,594,647
cash and cash equivalents
cash-66,5311,415,4942,428,7481,056,1601,532-8493,654-7,2405,987-4873,970-4,280-19713,656
overdraft000-243,413-340,430-239,471-15,842693,953-20,340-174,658-204,248-441,34083,497902,292
change in cash-66,5311,415,4942,428,7481,299,573341,962238,62219,496-701,19326,327174,171208,218437,060-83,694-888,636

P&L

March 2023

turnover

19.8m

-2%

operating profit

1.7m

-17%

gross margin

23.5%

-0.19%

turnover

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

Balance Sheet

March 2023

net assets

35.1m

0%

total assets

45.4m

0%

cash

4.8m

-0.01%

net assets

Total assets minus all liabilities

sibcas (holdings) limited company details

company number

SC038641

Type

Private limited with Share Capital

industry

77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.

incorporation date

April 1963

age

61

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

UK

address

easton road, bathgate, west lothian, EH48 2SF

last accounts submitted

March 2023

sibcas (holdings) 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 found 9 charges/mortgages relating to sibcas (holdings) limited. Currently there are 9 open charges and 0 have been satisfied in the past.

charges

sibcas (holdings) limited Companies House Filings - See Documents

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