sibcas (holdings) limited Company Information
Company Number
SC038641
Website
www.sibcas.co.ukRegistered 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
View All
Shareholders
w. storrie 30.6%
alisdair storrie 13.5%
View Allsibcas (holdings) limited Estimated Valuation
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
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
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
4 Strong
2 Regular
6 Weak
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
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.7%)
- Sibcas (holdings) Limited
5.7% - Industry AVG
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
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
with 198 employees, this is above the industry average (53)
198 - Sibcas (holdings) Limited
53 - Industry AVG
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
resulting in sales per employee of £99.8k, this is less efficient (£186.4k)
£99.8k - Sibcas (holdings) Limited
£186.4k - Industry AVG
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
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
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
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
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
Sibcas (holdings) Limited Competitor Analysis
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.
Ultimate parent company
SIBCAS (HOLDINGS) LIMITED
SC038641
5 subsidiaries
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Alisdair Storrie | 74 years | Dec 1988 | - | Director | |
Mr William Storrie | 65 years | Dec 1988 | - | Director | |
Mr Justin Storrie | 50 years | Sep 1998 | - | Director | |
Mr Matthew Smith | 59 years | Jan 2013 | - | Director | |
Mr Jordan Storrie | 32 years | Apr 2018 | - | Director | |
Mr Ewen MacLeod | 58 years | Apr 2024 | - | Director |
SIBCAS (HOLDINGS) LIMITED financials
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 19,764,067 | 20,154,297 | 21,752,931 | 19,531,554 | 21,143,018 | 21,029,886 | 21,001,999 | 20,746,593 | 20,131,429 | 17,351,958 | 17,393,864 | 19,358,019 | 21,845,950 | 22,167,853 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 15,133,586 | 15,423,232 | 16,858,247 | 15,539,038 | 16,881,280 | 16,002,802 | 15,812,565 | 15,914,503 | 15,467,397 | 13,237,460 | 12,680,900 | 13,434,661 | 15,207,400 | 15,496,540 |
Gross Profit | 4,630,481 | 4,731,065 | 4,894,684 | 3,992,516 | 4,261,738 | 5,027,084 | 5,189,434 | 4,832,090 | 4,664,032 | 4,114,498 | 4,712,964 | 5,923,358 | 6,638,550 | 6,671,313 |
Admin Expenses | 2,904,940 | 2,640,606 | 3,056,876 | 3,545,946 | 3,816,465 | 4,303,146 | 3,656,350 | 3,752,708 | 3,739,714 | 3,492,846 | 3,901,713 | 4,393,409 | 4,271,292 | 4,306,333 |
Operating Profit | 1,725,541 | 2,090,459 | 1,837,808 | 446,570 | 445,273 | 723,938 | 1,533,084 | 1,079,382 | 924,318 | 621,652 | 811,251 | 1,529,949 | 2,367,258 | 2,364,980 |
Interest Payable | 0 | 0 | 33,035 | 102,401 | 148,411 | 97,739 | 155,593 | 185,283 | 221,405 | 274,326 | 310,081 | 313,761 | 341,083 | 404,373 |
Interest Receivable | 47,057 | 14,932 | 11,038 | 10,500 | 6,974 | 5,166 | 6,119 | 4,345 | 4,864 | 7,909 | 5,483 | 5,861 | 4,795 | 3,440 |
Pre-Tax Profit | 1,772,598 | 2,105,391 | 1,815,811 | 354,669 | 303,836 | 631,365 | 1,383,610 | 898,444 | 707,777 | 355,235 | 506,653 | 1,222,049 | 2,030,970 | 1,964,047 |
Tax | -374,188 | -922,336 | -643,979 | -373,890 | -112,317 | -137,866 | -134,368 | 128,087 | -143,510 | 500,645 | 52,531 | 91,026 | -180,594 | -535,312 |
Profit After Tax | 1,398,410 | 1,183,055 | 1,171,832 | -19,221 | 191,519 | 493,499 | 1,249,242 | 1,026,531 | 564,267 | 855,880 | 559,184 | 1,313,075 | 1,850,376 | 1,428,735 |
Dividends Paid | 1,411,349 | 637,384 | 591,856 | 591,856 | 569,093 | 569,093 | 546,329 | 512,183 | 512,183 | 455,274 | 512,183 | 569,092 | 546,329 | 546,329 |
Retained Profit | -12,939 | 545,671 | 579,976 | -611,077 | -377,574 | -75,594 | 702,913 | 514,348 | 52,084 | 400,606 | 47,001 | 743,983 | 1,304,047 | 882,406 |
Employee Costs | 9,726,592 | 8,813,439 | 9,768,694 | 10,187,941 | 10,124,935 | 10,281,958 | 10,226,990 | 9,887,401 | 9,105,454 | 8,489,469 | 8,525,918 | 9,175,112 | 9,389,663 | 8,977,378 |
Number Of Employees | 198 | 184 | 212 | 244 | 245 | 256 | 264 | 260 | 236 | 230 | 238 | 262 | 262 | 260 |
EBITDA* | 4,498,391 | 5,165,335 | 5,384,909 | 4,471,645 | 4,629,797 | 4,695,114 | 5,413,735 | 4,894,359 | 4,424,768 | 3,269,700 | 4,132,631 | 4,734,876 | 5,352,299 | 5,319,493 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 34,541,056 | 34,614,435 | 33,424,210 | 36,724,769 | 39,200,785 | 39,170,449 | 40,903,285 | 41,448,414 | 41,487,564 | 42,140,232 | 41,080,661 | 41,586,825 | 41,833,345 | 40,729,804 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 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 | 0 |
Total Fixed Assets | 34,541,056 | 34,614,435 | 33,424,210 | 36,724,769 | 39,200,785 | 39,170,449 | 40,903,285 | 41,448,414 | 41,487,564 | 42,140,232 | 41,080,661 | 41,586,825 | 41,833,345 | 40,729,804 |
Stock & work in progress | 2,226,167 | 1,757,340 | 950,263 | 1,287,711 | 939,143 | 1,000,273 | 765,522 | 924,791 | 807,167 | 819,133 | 915,886 | 1,076,699 | 1,256,828 | 1,094,598 |
Trade Debtors | 2,729,722 | 3,003,463 | 3,041,205 | 2,750,969 | 3,740,716 | 3,160,625 | 3,502,986 | 3,103,639 | 3,943,664 | 2,521,118 | 3,070,494 | 2,494,595 | 3,718,242 | 2,918,344 |
Group Debtors | 258,127 | 347,750 | 311,732 | 260,592 | 189,317 | 74,293 | 63,795 | 22,136 | 3,932 | 7,253 | 1,787 | 0 | 0 | 0 |
Misc Debtors | 838,104 | 967,647 | 794,252 | 803,340 | 622,615 | 618,576 | 661,465 | 796,417 | 805,781 | 846,274 | 757,164 | 799,356 | 821,121 | 880,523 |
Cash | 4,849,617 | 4,916,148 | 3,500,654 | 1,071,906 | 15,746 | 14,214 | 15,063 | 11,409 | 18,649 | 12,662 | 13,149 | 9,179 | 13,459 | 13,656 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 10,901,737 | 10,992,348 | 8,598,106 | 6,174,518 | 5,507,537 | 4,867,981 | 5,008,831 | 4,858,392 | 5,579,193 | 4,206,440 | 4,758,480 | 4,379,829 | 5,809,650 | 4,907,121 |
total assets | 45,442,793 | 45,606,783 | 42,022,316 | 42,899,287 | 44,708,322 | 44,038,430 | 45,912,116 | 46,306,806 | 47,066,757 | 46,346,672 | 45,839,141 | 45,966,654 | 47,642,995 | 45,636,925 |
Bank overdraft | 0 | 0 | 0 | 0 | 243,413 | 583,843 | 823,314 | 839,156 | 145,203 | 165,543 | 340,201 | 544,449 | 985,789 | 902,292 |
Bank loan | 0 | 0 | 0 | 512,200 | 512,200 | 512,200 | 512,200 | 6,061,000 | 500,000 | 500,000 | 499,200 | 500,800 | 7,365,283 | 416,800 |
Trade Creditors | 1,406,921 | 1,687,574 | 1,086,218 | 1,112,474 | 1,496,215 | 1,039,101 | 1,180,039 | 1,420,316 | 1,850,957 | 1,121,994 | 1,148,320 | 871,438 | 1,165,937 | 1,284,566 |
Group/Directors Accounts | 0 | 0 | 0 | 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 | 0 |
hp & lease commitments | 0 | 0 | 0 | 183,718 | 240,789 | 231,048 | 257,276 | 305,000 | 248,748 | 232,343 | 378,013 | 465,011 | 1,986,475 | 550,887 |
other current liabilities | 4,090,520 | 4,238,655 | 4,629,982 | 2,930,518 | 3,258,589 | 3,433,158 | 3,857,413 | 3,345,427 | 3,759,993 | 2,740,978 | 3,089,375 | 2,260,599 | 2,389,344 | 3,220,647 |
total current liabilities | 5,497,441 | 5,926,229 | 5,716,200 | 4,738,910 | 5,751,206 | 5,799,350 | 6,630,242 | 11,970,899 | 6,504,901 | 4,760,858 | 5,455,109 | 4,642,297 | 13,892,828 | 6,375,192 |
loans | 0 | 0 | 0 | 2,506,100 | 2,768,300 | 3,780,500 | 4,542,700 | 0 | 6,561,000 | 7,311,000 | 7,811,000 | 8,310,200 | 832,000 | 7,197,283 |
hp & lease commitments | 0 | 0 | 0 | 109,136 | 205,827 | 252,451 | 288,647 | 393,197 | 205,086 | 270,393 | 504,948 | 686,589 | 499,329 | 672,814 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 4,885,227 | 4,607,490 | 3,399,293 | 3,218,294 | 3,045,065 | 3,091,646 | 3,288,450 | 3,502,656 | 3,929,883 | 3,787,205 | 4,409,982 | 4,716,467 | 5,074,589 | 5,351,434 |
total long term liabilities | 4,885,227 | 4,607,490 | 3,399,293 | 5,833,530 | 6,019,192 | 7,124,597 | 8,119,797 | 3,895,853 | 10,695,969 | 11,368,598 | 12,725,930 | 13,713,256 | 6,405,918 | 13,221,531 |
total liabilities | 10,382,668 | 10,533,719 | 9,115,493 | 10,572,440 | 11,770,398 | 12,923,947 | 14,750,039 | 15,866,752 | 17,200,870 | 16,129,456 | 18,181,039 | 18,355,553 | 20,298,746 | 19,596,723 |
net assets | 35,060,125 | 35,073,064 | 32,906,823 | 32,326,847 | 32,937,924 | 31,114,483 | 31,162,077 | 30,440,054 | 29,865,887 | 30,217,216 | 27,658,102 | 27,611,101 | 27,344,249 | 26,040,202 |
total shareholders funds | 35,060,125 | 35,073,064 | 32,906,823 | 32,326,847 | 32,937,924 | 31,114,483 | 31,162,077 | 30,440,054 | 29,865,887 | 30,217,216 | 27,658,102 | 27,611,101 | 27,344,249 | 26,040,202 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 1,725,541 | 2,090,459 | 1,837,808 | 446,570 | 445,273 | 723,938 | 1,533,084 | 1,079,382 | 924,318 | 621,652 | 811,251 | 1,529,949 | 2,367,258 | 2,364,980 |
Depreciation | 2,772,850 | 3,074,876 | 3,547,101 | 4,025,075 | 4,184,524 | 3,971,176 | 3,880,651 | 3,814,977 | 3,500,450 | 2,648,048 | 3,321,380 | 3,204,927 | 2,985,041 | 2,954,513 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -374,188 | -922,336 | -643,979 | -373,890 | -112,317 | -137,866 | -134,368 | 128,087 | -143,510 | 500,645 | 52,531 | 91,026 | -180,594 | -535,312 |
Stock | 468,827 | 807,077 | -337,448 | 348,568 | -61,130 | 234,751 | -159,269 | 117,624 | -11,966 | -96,753 | -160,813 | -180,129 | 162,230 | 1,094,598 |
Debtors | -492,907 | 171,671 | 332,288 | -737,747 | 699,154 | -374,752 | 306,054 | -831,185 | 1,378,732 | -454,800 | 535,494 | -1,245,412 | 740,496 | 3,798,867 |
Creditors | -280,653 | 601,356 | -26,256 | -383,741 | 457,114 | -140,938 | -240,277 | -430,641 | 728,963 | -26,326 | 276,882 | -294,499 | -118,629 | 1,284,566 |
Accruals and Deferred Income | -148,135 | -391,327 | 1,699,464 | -328,071 | -174,569 | -424,255 | 511,986 | -414,566 | 1,019,015 | -348,397 | 828,776 | -128,745 | -831,303 | 3,220,647 |
Deferred Taxes & Provisions | 277,737 | 1,208,197 | 180,999 | 173,229 | -46,581 | -196,804 | -214,206 | -427,227 | 142,678 | -622,777 | -306,485 | -358,122 | -276,845 | 5,351,434 |
Cash flow from operations | 3,997,232 | 4,682,477 | 6,600,297 | 3,948,351 | 4,115,420 | 3,935,252 | 5,190,085 | 4,463,573 | 4,805,148 | 3,324,398 | 4,609,654 | 5,470,077 | 3,042,202 | 9,747,363 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | -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 Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | -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 loans | 0 | 0 | -512,200 | 0 | 0 | 0 | -5,548,800 | 5,561,000 | 0 | 800 | -1,600 | -6,864,483 | 6,948,483 | 416,800 |
Group/Directors Accounts | 0 | 0 | 0 | 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 | 0 |
Long term loans | 0 | 0 | -2,506,100 | -262,200 | -1,012,200 | -762,200 | 4,542,700 | -6,561,000 | -750,000 | -500,000 | -499,200 | 7,478,200 | -6,365,283 | 7,197,283 |
Hire Purchase and Lease Commitments | 0 | 0 | -292,854 | -153,762 | -36,883 | -62,424 | -152,274 | 244,363 | -48,902 | -380,225 | -268,639 | -1,334,204 | 1,262,103 | 1,223,701 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 47,057 | 14,932 | -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 financing | 47,057 | 1,635,502 | -3,333,151 | -507,863 | 1,010,495 | -889,197 | -1,288,738 | -876,756 | -1,418,856 | 1,012,666 | -1,074,037 | -1,505,518 | 1,509,015 | 33,594,647 |
cash and cash equivalents | ||||||||||||||
cash | -66,531 | 1,415,494 | 2,428,748 | 1,056,160 | 1,532 | -849 | 3,654 | -7,240 | 5,987 | -487 | 3,970 | -4,280 | -197 | 13,656 |
overdraft | 0 | 0 | 0 | -243,413 | -340,430 | -239,471 | -15,842 | 693,953 | -20,340 | -174,658 | -204,248 | -441,340 | 83,497 | 902,292 |
change in cash | -66,531 | 1,415,494 | 2,428,748 | 1,299,573 | 341,962 | 238,622 | 19,496 | -701,193 | 26,327 | 174,171 | 208,218 | 437,060 | -83,694 | -888,636 |
P&L
March 2023turnover
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 2023net 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
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.
sibcas (holdings) limited Companies House Filings - See Documents
date | description | view/download |
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