seatec uk limited

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seatec uk limited Company Information

Share SEATEC UK LIMITED

Company Number

SC106026

Shareholders

vouvray acquisition ltd

Group Structure

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Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

Registered Address

5th floor skypark, 8 elliot place, glasgow, G3 8EP

seatec uk limited Estimated Valuation

£68.9m

Pomanda estimates the enterprise value of SEATEC UK LIMITED at £68.9m based on a Turnover of £58.4m and 1.18x industry multiple (adjusted for size and gross margin).

seatec uk limited Estimated Valuation

£71m

Pomanda estimates the enterprise value of SEATEC UK LIMITED at £71m based on an EBITDA of £9m and a 7.88x industry multiple (adjusted for size and gross margin).

seatec uk limited Estimated Valuation

£47.8m

Pomanda estimates the enterprise value of SEATEC UK LIMITED at £47.8m based on Net Assets of £20.4m and 2.35x industry multiple (adjusted for liquidity).

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Seatec Uk Limited Overview

Seatec Uk Limited is a live company located in glasgow, G3 8EP with a Companies House number of SC106026. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in August 1987, it's largest shareholder is vouvray acquisition ltd with a 100% stake. Seatec Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £58.4m with high growth in recent years.

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Seatec Uk Limited Health Check

Pomanda's financial health check has awarded Seatec Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £58.4m, make it larger than the average company (£2.9m)

£58.4m - Seatec Uk Limited

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.2%)

17% - Seatec Uk Limited

7.2% - Industry AVG

production

Production

with a gross margin of 30.9%, this company has a higher cost of product (44.9%)

30.9% - Seatec Uk Limited

44.9% - Industry AVG

profitability

Profitability

an operating margin of 13.9% make it more profitable than the average company (5.7%)

13.9% - Seatec Uk Limited

5.7% - Industry AVG

employees

Employees

with 48 employees, this is above the industry average (23)

48 - Seatec Uk Limited

23 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.9k, the company has an equivalent pay structure (£53.5k)

£45.9k - Seatec Uk Limited

£53.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.2m, this is more efficient (£126.2k)

£1.2m - Seatec Uk Limited

£126.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is near the average (57 days)

51 days - Seatec Uk Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 40 days, this is slower than average (31 days)

40 days - Seatec Uk Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (30 days)

2 days - Seatec Uk Limited

30 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (25 weeks)

2 weeks - Seatec Uk Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.1%, this is a lower level of debt than the average (53.3%)

35.1% - Seatec Uk Limited

53.3% - Industry AVG

SEATEC UK LIMITED financials

EXPORTms excel logo

Seatec Uk Limited's latest turnover from December 2023 is £58.4 million and the company has net assets of £20.4 million. According to their latest financial statements, Seatec Uk Limited has 48 employees and maintains cash reserves of £396 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover58,360,00056,665,00040,380,00036,672,00044,042,00050,333,00046,055,00042,811,30840,197,35732,532,39731,376,91627,817,2958,459,7936,036,3974,881,663
Other Income Or Grants000000000000000
Cost Of Sales40,348,00042,173,00029,049,00026,852,00033,135,00034,560,00032,048,00028,888,48726,080,57221,998,00019,838,23617,564,3995,158,7282,366,9101,564,142
Gross Profit18,012,00014,492,00011,331,0009,820,00010,907,00015,773,00014,007,00013,922,82114,116,78510,534,39711,538,68010,252,8963,301,0653,669,4873,317,521
Admin Expenses9,882,00010,028,0008,571,00013,798,0009,331,0008,364,00011,505,0007,713,7027,994,9015,743,7806,931,6946,709,7191,836,400487,4572,269,975
Operating Profit8,130,0004,464,0002,760,000-3,978,0001,576,0007,409,0002,502,0006,209,1196,121,8844,790,6174,606,9863,543,1771,464,6653,182,0301,047,546
Interest Payable1,457,000347,0000192,00049,0000000079,58664,287000
Interest Receivable1,320,0001,537,000717,00006,00011,000129,00092,64022,3301,395,095757,586772,830189,345626255
Pre-Tax Profit7,993,0005,654,0003,477,00016,616,0001,533,0007,420,0002,631,0006,301,7596,144,2146,185,7127,384,9864,251,7201,654,0103,182,6561,047,801
Tax-268,000-1,466,000-47,000-39,000-204,000-1,618,000-1,003,000-1,278,982-406,548-1,260,323-1,423,434-1,052,779-880,198-889,209-326,761
Profit After Tax7,725,0004,188,0003,430,00016,577,0001,329,0005,802,0001,628,0005,022,7775,737,6664,925,3895,961,5523,198,941773,8122,293,447721,040
Dividends Paid00019,237,0001,161,0005,987,0002,307,000014,589,1172,700,00003,000,00000450,516
Retained Profit7,725,0004,188,0003,430,000-2,660,000168,000-185,000-679,0005,022,777-8,851,4512,225,3895,961,552198,941773,8122,293,447270,524
Employee Costs2,205,0001,865,0002,511,0004,876,0005,075,0004,657,0005,608,0004,984,6594,997,9074,589,1694,302,4244,184,9501,972,1012,205,5560
Number Of Employees4842519795931211258487968868560
EBITDA*9,008,0005,190,0003,583,000-3,032,0003,057,0008,441,0002,793,0006,997,5686,471,3675,212,9965,109,8673,883,4681,587,6033,267,9731,151,318

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,104,000642,000669,000653,0002,278,000248,000284,000341,938390,655490,533674,504593,782656,436194,859243,441
Intangible Assets3,286,0003,710,0003,952,0004,772,0001,641,0004,762,0003,178,0001,503,029837,834673,520654,27426,46967,93400
Investments & Other000000011111000
Debtors (Due After 1 year)13,00084,000115,0000650,0000000000000
Total Fixed Assets4,403,0004,436,0004,506,0005,425,0003,269,0005,010,0003,462,0001,844,9671,228,4901,164,0541,328,779620,252724,370194,859243,441
Stock & work in progress229,000329,000318,000226,000266,000343,000343,000383,059501,443354,981436,920209,980241,41357,43433,761
Trade Debtors8,265,00011,560,0009,241,0007,242,0009,367,0006,349,00010,640,0008,934,9557,962,4427,608,2343,807,0283,022,2733,202,4802,249,0211,460,460
Group Debtors15,282,0009,662,0002,139,0001,290,0001,015,000507,0001,141,0002,812,404838,57714,862,17915,450,4716,432,9296,095,2200173,552
Misc Debtors2,773,0001,550,0001,324,0001,122,0001,025,0004,050,000130,000187,225104,588133,6901,737,0762,362,8861,776,5811,118,644666,125
Cash396,0001,281,0001,209,000974,00001,147,000151,00085,3041,976,0621,036,22598,220883,396435,625195,23533,668
misc current assets0000057,00063,0000158,69979,00300000
total current assets26,945,00024,382,00014,231,00010,929,00011,952,00012,453,00012,468,00012,402,94711,541,81124,074,31221,529,71512,911,46411,751,3193,620,3342,367,566
total assets31,348,00028,818,00018,737,00016,354,00015,221,00017,463,00015,930,00014,247,91412,770,30125,238,36622,858,49413,531,71612,475,6893,815,1932,611,007
Bank overdraft000065,0000000000000
Bank loan000000000000000
Trade Creditors 4,518,00010,509,0004,646,0004,355,0003,962,0002,256,0001,614,0001,581,6911,484,887961,3721,493,811986,256975,543193,757165,476
Group/Directors Accounts2,489,0001,799,0000000001,930,7816,925,64812,110,8719,441,6099,174,576405,9971,605,022
other short term finances000000000000000
hp & lease commitments222,000192,000204,000297,0007,0000000000000
other current liabilities2,869,0003,390,0005,226,0005,916,0003,158,0006,791,0005,715,0003,385,9884,397,1743,789,6432,120,2071,931,7981,352,458223,903142,420
total current liabilities10,098,00015,890,00010,076,00010,568,0007,192,0009,047,0007,329,0004,967,6797,812,84211,676,66315,724,88912,359,66311,502,577823,6571,912,918
loans00200,000522,0001,716,0000000000000
hp & lease commitments617,000216,000100,000261,000858,0000000000000
Accruals and Deferred Income000000000000000
other liabilities280,00015,00024,00060,00000000000000
provisions000716,00000000000000
total long term liabilities897,000231,000124,000679,000858,0000000000000
total liabilities10,995,00016,121,00010,200,00011,247,0008,050,0009,047,0007,329,0004,967,6797,812,84211,676,66315,724,88912,359,66311,502,577823,6571,912,918
net assets20,353,00012,697,0008,537,0005,107,0007,171,0008,416,0008,601,0009,280,2354,957,45913,561,7037,133,6051,172,053973,1122,991,536698,089
total shareholders funds20,353,00012,697,0008,537,0005,107,0007,171,0008,416,0008,601,0009,280,2354,957,45913,561,7037,133,6051,172,053973,1122,991,536698,089
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit8,130,0004,464,0002,760,000-3,978,0001,576,0007,409,0002,502,0006,209,1196,121,8844,790,6174,606,9863,543,1771,464,6653,182,0301,047,546
Depreciation442,000292,000365,000386,000396,000144,000172,000190,574207,728224,251306,264298,826111,35085,943103,772
Amortisation436,000434,000458,000560,0001,085,000888,000119,000597,875141,755198,128196,61741,46511,58800
Tax-268,000-1,466,000-47,000-39,000-204,000-1,618,000-1,003,000-1,278,982-406,548-1,260,323-1,423,434-1,052,779-880,198-889,209-326,761
Stock-100,00011,00092,000-40,000-77,0000-40,059-118,384146,462-81,939226,940-31,433183,97923,67333,761
Debtors3,477,00010,037,0003,165,000-2,403,0001,151,000-1,005,000-23,5843,028,977-13,698,4961,609,5289,176,487743,8077,706,6161,067,5282,300,137
Creditors-5,991,0005,863,000291,000393,0001,706,000642,00032,30996,804523,515-532,439507,55510,713781,78628,281165,476
Accruals and Deferred Income-521,000-1,836,000-690,0002,758,000-3,633,0001,076,0002,329,012-1,011,186607,5311,669,436188,409579,3401,128,55581,483142,420
Deferred Taxes & Provisions00-716,000716,00000000000000
Cash flow from operations-1,149,000-2,297,000-836,0003,239,000-148,0009,546,0004,214,9641,893,61120,747,8993,562,081-5,021,0302,708,368-5,272,8491,397,327-1,201,445
Investing Activities
capital expenditure-916,000-457,000-19,000-2,452,000-390,000-2,580,000-1,908,033-1,404,927-413,919-239,075-1,211,408-236,172-652,449-37,361-347,213
Change in Investments000000-100001000
cash flow from investments-916,000-457,000-19,000-2,452,000-390,000-2,580,000-1,908,032-1,404,927-413,919-239,075-1,211,408-236,173-652,449-37,361-347,213
Financing Activities
Bank loans000000000000000
Group/Directors Accounts690,0001,799,00000000-1,930,781-4,994,867-5,185,2232,669,262267,0338,768,579-1,199,0251,605,022
Other Short Term Loans 000000000000000
Long term loans0-200,000-322,000-1,194,0001,716,0000000000000
Hire Purchase and Lease Commitments431,000104,000-254,000-307,000865,0000000000000
other long term liabilities265,000-9,000-36,00060,00000000000000
share issue-69,000-28,0000596,000-1,413,0000-235-700,001247,2074,202,70900-2,792,2360427,565
interest-137,0001,190,000717,000-192,000-43,00011,000129,00092,64022,3301,395,095678,000708,543189,345626255
cash flow from financing1,180,0002,856,000105,000-1,037,0001,125,00011,000128,765-2,538,142-4,725,330412,5813,347,262975,5766,165,688-1,198,3992,032,842
cash and cash equivalents
cash-885,00072,000235,000974,000-1,147,000996,00065,696-1,890,758939,837938,005-785,176447,771240,390161,56733,668
overdraft000-65,00065,0000000000000
change in cash-885,00072,000235,0001,039,000-1,212,000996,00065,696-1,890,758939,837938,005-785,176447,771240,390161,56733,668

seatec uk limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Seatec Uk Limited Competitor Analysis

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Perform a competitor analysis for seatec uk limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in G 3 area or any other competitors across 12 key performance metrics.

seatec uk limited Ownership

SEATEC UK LIMITED group structure

Seatec Uk Limited has 1 subsidiary company.

Ultimate parent company

AI MISTRAL & CY SCA

#0104065

2 parents

SEATEC UK LIMITED

SC106026

1 subsidiary

SEATEC UK LIMITED Shareholders

vouvray acquisition ltd 100%

seatec uk limited directors

Seatec Uk Limited currently has 5 directors. The longest serving directors include Mr Johannes Engels (May 2020) and Mr Patrick Magnin (May 2020).

officercountryagestartendrole
Mr Johannes EngelsScotland60 years May 2020- Director
Mr Patrick MagninScotland46 years May 2020- Director
Mr Allan Christensen45 years Dec 2021- Director
Mr Stephen MacFarlaneUnited Kingdom61 years Feb 2022- Director
Mr Benjamin HallUnited Kingdom48 years Feb 2022- Director

P&L

December 2023

turnover

58.4m

+3%

operating profit

8.1m

+82%

gross margin

30.9%

+20.68%

turnover

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

Balance Sheet

December 2023

net assets

20.4m

+0.6%

total assets

31.3m

+0.09%

cash

396k

-0.69%

net assets

Total assets minus all liabilities

seatec uk limited company details

company number

SC106026

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

August 1987

age

38

incorporated

UK

ultimate parent company

AI MISTRAL & CY SCA

accounts

Full Accounts

last accounts submitted

December 2023

previous names

seatec safety systems limited (May 2006)

cargo analytics limited (December 1994)

accountant

-

auditor

DELOITTE LLP

address

5th floor skypark, 8 elliot place, glasgow, G3 8EP

Bank

CITIBANK

Legal Advisor

-

seatec uk 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 11 charges/mortgages relating to seatec uk limited. Currently there are 0 open charges and 11 have been satisfied in the past.

seatec uk limited 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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seatec uk limited Companies House Filings - See Documents

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