Slag Systems (glasgow) Limited

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slag systems (glasgow) limited Company Information

Company Number

SC040536

Next Accounts

Feb 2025

Directors

Anne Aitken

Andrew Aitken

Shareholders

andrew crosbie aitken

anne aitken

Group Structure

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Industry

Construction of domestic buildings

Registered Address

34 high street, earlsferry, leven, fife, KY9 1AG

Website

slag systems (glasgow) limited Estimated Valuation

£977.1k

Pomanda estimates the enterprise value of SLAG SYSTEMS (GLASGOW) LIMITED at £977.1k based on Net Assets of £723.8k and 1.35x industry multiple (adjusted for liquidity).

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Slag Systems (glasgow) Limited is a live company located in leven, KY9 1AG with a Companies House number of SC040536. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in June 1964, it's largest shareholder is andrew crosbie aitken with a 70% stake. Slag Systems (glasgow) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £78k with declining growth in recent years.

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Pomanda's financial health check has awarded Slag Systems (Glasgow) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £78k, make it smaller than the average company (£499k)

Growth

3 year (CAGR) sales growth of -59%, show it is growing at a slower rate (6.9%)

EXPORT

Slag Systems (Glasgow) Limited's latest turnover from May 2023 is estimated at £78 thousand and the company has net assets of £723.8 thousand. According to their latest financial statements, Slag Systems (Glasgow) Limited has 2 employees and maintains cash reserves of £730.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	78,038	146,350	162,395	1,167,284	1,356,550	459,392	629,719	573,534	2,389,883	1,379,213	844,207	1,311,231	1,377,363	1,056,277
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	69,598	129,973	146,624	1,040,112	1,197,362	402,731	542,766	499,085	2,092,265	1,213,561	748,429	1,155,158	1,211,884	934,924
Gross Profit	8,440	16,377	15,771	127,172	159,187	56,661	86,953	74,448	297,618	165,652	95,779	156,073	165,479	121,353
Admin Expenses	42,325	23,344	54,696	324,244	213,194	59,362	251,111	-1,402,332	216,218	169,179	94,031	118,633	169,983	212,310
Operating Profit	-33,885	-6,967	-38,925	-197,072	-54,007	-2,701	-164,158	1,476,780	81,400	-3,527	1,748	37,440	-4,504	-90,957
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	33,678	7,694	543	158	27	16	111	441	269	56	408	777	395	14
Pre-Tax Profit	-207	727	-38,382	-196,914	-53,980	-2,685	-164,047	1,477,221	81,669	-3,471	2,156	38,217	-4,109	-90,943
Tax	0	-138	0	0	0	0	0	-295,444	-16,334	0	-496	-9,172	0	0
Profit After Tax	-207	589	-38,382	-196,914	-53,980	-2,685	-164,047	1,181,777	65,335	-3,471	1,660	29,045	-4,109	-90,943
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-207	589	-38,382	-196,914	-53,980	-2,685	-164,047	1,181,777	65,335	-3,471	1,660	29,045	-4,109	-90,943
Employee Costs	86,178	85,306	76,494	77,910	87,295	82,655	74,394	81,361	161,742	74,835	74,256	110,362	105,733	68,178
Number Of Employees	2	2	2	2	2	2	2	2	4	2	2	3	3	2
EBITDA*	-33,885	-6,967	-38,925	-195,991	-53,157	-1,769	-163,122	1,477,945	82,235	-2,917	2,380	38,100	-3,749	-90,202

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	0	0	0	27,417	11,697	12,547	13,479	14,515	13,714	13,331	13,941	14,573	15,233	15,988
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	185,312	185,312	185,312	185,312	185,312	185,312	185,312	185,312	185,312
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	27,417	11,697	197,859	198,791	199,827	199,026	198,643	199,253	199,885	200,545	201,300
Stock & work in progress	0	0	0	910,000	1,539,000	1,539,000	2,110,519	1,809,920	766,110	314,716	0	0	0	0
Trade Debtors	0	50	103	37,013	24,110	0	0	0	16,472	16,766	16,539	17,123	21,041	26,971
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	34,887	16,612	17,153	0	0	0	0	0	0
Cash	730,456	766,323	772,502	312,957	3,405	3,727	2,737	86,081	90,244	17,408	4,899	158,350	152,359	5,666
misc current assets	0	6,958	6,958	6,958	0	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958	6,958
total current assets	730,456	773,331	779,563	1,266,928	1,573,473	1,584,572	2,136,826	1,920,112	879,784	355,848	28,396	182,431	180,358	39,595
total assets	730,456	773,331	779,563	1,294,345	1,585,170	1,782,431	2,335,617	2,119,939	1,078,810	554,491	227,649	382,316	380,903	240,895
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	6,688	49,356	56,177	532,577	626,488	0	0	0	1,081,193	622,209	291,896	448,223	475,855	331,738
Group/Directors Accounts	0	0	0	0	0	365,219	365,219	365,219	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	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	105,310	63,547	9,163	0	0	0	0	0	0
total current liabilities	6,688	49,356	56,177	532,577	626,488	470,529	428,766	374,382	1,081,193	622,209	291,896	448,223	475,855	331,738
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	299,240	891,504	566,163	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	299,240	891,504	566,163	0	0	0	0	0	0
total liabilities	6,688	49,356	56,177	532,577	626,488	769,769	1,320,270	940,545	1,081,193	622,209	291,896	448,223	475,855	331,738
net assets	723,768	723,975	723,386	761,768	958,682	1,012,662	1,015,347	1,179,394	-2,383	-67,718	-64,247	-65,907	-94,952	-90,843
total shareholders funds	723,768	723,975	723,386	761,768	958,682	1,012,662	1,015,347	1,179,394	-2,383	-67,718	-64,247	-65,907	-94,952	-90,843

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-33,885	-6,967	-38,925	-197,072	-54,007	-2,701	-164,158	1,476,780	81,400	-3,527	1,748	37,440	-4,504	-90,957
Depreciation	0	0	0	1,081	850	932	1,036	1,165	835	610	632	660	755	755
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-138	0	0	0	0	0	-295,444	-16,334	0	-496	-9,172	0	0
Stock	0	0	-910,000	-629,000	0	-571,519	300,599	1,043,810	451,394	314,716	0	0	0	0
Debtors	-50	-53	-36,910	12,903	-10,777	18,275	-541	681	-294	227	-584	-3,918	-5,930	26,971
Creditors	-42,668	-6,821	-476,400	-93,911	626,488	0	0	-1,081,193	458,984	330,313	-156,327	-27,632	144,117	331,738
Accruals and Deferred Income	0	0	0	0	-105,310	41,763	54,384	9,163	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-76,503	-13,873	431,585	326,195	478,798	593,238	-408,796	-934,020	73,785	12,453	-153,859	5,214	146,298	214,565
Investing Activities
capital expenditure	0	0	27,417	-16,801	0	0	0	-1,966	-1,218	0	0	0	0	-16,743
Change in Investments	0	0	0	0	-185,312	0	0	0	0	0	0	0	0	185,312
cash flow from investments	0	0	27,417	-16,801	185,312	0	0	-1,966	-1,218	0	0	0	0	-202,055
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-365,219	0	0	365,219	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	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-299,240	-592,264	325,341	566,163	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	33,678	7,694	543	158	27	16	111	441	269	56	408	777	395	14
cash flow from financing	33,678	7,694	543	158	-664,432	-592,248	325,452	931,823	269	56	408	777	395	114
cash and cash equivalents
cash	-35,867	-6,179	459,545	309,552	-322	990	-83,344	-4,163	72,836	12,509	-153,451	5,991	146,693	5,666
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-35,867	-6,179	459,545	309,552	-322	990	-83,344	-4,163	72,836	12,509	-153,451	5,991	146,693	5,666

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SLAG SYSTEMS (GLASGOW) LIMITED group structure

Slag Systems (Glasgow) Limited has no subsidiary companies.

Ultimate parent company

SLAG SYSTEMS (GLASGOW) LIMITED

SC040536

SLAG SYSTEMS (GLASGOW) LIMITED Shareholders

andrew crosbie aitken	70%
anne aitken	30%

Slag Systems (Glasgow) Limited currently has 2 directors. The longest serving directors include Ms Anne Aitken (Apr 1989) and Mr Andrew Aitken (Apr 1989).

officer	country	age	start	end	role
Ms Anne Aitken		74 years	Apr 1989	-	Director
Mr Andrew Aitken		77 years	Apr 1989	-	Director

P&L

May 2023

turnover

78k

-47%

operating profit

-33.9k

gross margin

10.9%

-3.35%

turnover

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

Balance Sheet

May 2023

net assets

723.8k

total assets

730.5k

-0.06%

cash

730.5k

-0.05%

net assets

Total assets minus all liabilities

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company number

SC040536

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

June 1964

ultimate parent company

None

previous names

N/A

address

34 high street, earlsferry, leven, fife, KY9 1AG

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 5 charges/mortgages relating to slag systems (glasgow) limited. Currently there are 0 open charges and 5 have been satisfied in the past.

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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slag systems (glasgow) limited Company Information

slag systems (glasgow) limited Estimated Valuation

slag systems (glasgow) limited Estimated Valuation

slag systems (glasgow) limited Estimated Valuation

Slag Systems (glasgow) Limited Overview

Slag Systems (glasgow) Limited Health Check

SLAG SYSTEMS (GLASGOW) LIMITED financials

slag systems (glasgow) limited Credit Report and Business Information

Slag Systems (glasgow) Limited Competitor Analysis

slag systems (glasgow) limited Ownership

slag systems (glasgow) limited directors

slag systems (glasgow) limited company details

slag systems (glasgow) limited Charges & Mortgages

slag systems (glasgow) limited Capital Raised & Share Issues BETA

slag systems (glasgow) limited Companies House Filings - See Documents