flexible surface technology ltd.
flexible surface technology ltd. Company Information
Company Number
SC126581
Next Accounts
Sep 2025
Shareholders
flexible manufacturing group limited
Group Structure
View All
Industry
Treatment and coating of metals
Registered Address
nairn road, deans industrial estate, livingston, EH54 8AY
Website
http://fstlimited.co.ukflexible surface technology ltd. Estimated Valuation
Pomanda estimates the enterprise value of FLEXIBLE SURFACE TECHNOLOGY LTD. at £893.9k based on a Turnover of £1.4m and 0.63x industry multiple (adjusted for size and gross margin).
flexible surface technology ltd. Estimated Valuation
Pomanda estimates the enterprise value of FLEXIBLE SURFACE TECHNOLOGY LTD. at £1.6m based on an EBITDA of £350.6k and a 4.55x industry multiple (adjusted for size and gross margin).
flexible surface technology ltd. Estimated Valuation
Pomanda estimates the enterprise value of FLEXIBLE SURFACE TECHNOLOGY LTD. at £2.6m based on Net Assets of £1m and 2.48x industry multiple (adjusted for liquidity).
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Flexible Surface Technology Ltd. Overview
Flexible Surface Technology Ltd. is a live company located in livingston, EH54 8AY with a Companies House number of SC126581. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in August 1990, it's largest shareholder is flexible manufacturing group limited with a 100% stake. Flexible Surface Technology Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.
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Flexible Surface Technology Ltd. Health Check
Pomanda's financial health check has awarded Flexible Surface Technology Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£9.2m)
£1.4m - Flexible Surface Technology Ltd.
£9.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5%)
- Flexible Surface Technology Ltd.
5% - Industry AVG
Production
with a gross margin of 44.9%, this company has a lower cost of product (34%)
44.9% - Flexible Surface Technology Ltd.
34% - Industry AVG
Profitability
an operating margin of 23.7% make it more profitable than the average company (9.5%)
23.7% - Flexible Surface Technology Ltd.
9.5% - Industry AVG
Employees
with 22 employees, this is below the industry average (70)
22 - Flexible Surface Technology Ltd.
70 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- Flexible Surface Technology Ltd.
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £64.9k, this is less efficient (£127k)
£64.9k - Flexible Surface Technology Ltd.
£127k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is earlier than average (64 days)
40 days - Flexible Surface Technology Ltd.
64 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (42 days)
66 days - Flexible Surface Technology Ltd.
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Flexible Surface Technology Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 74 weeks, this is more cash available to meet short term requirements (12 weeks)
74 weeks - Flexible Surface Technology Ltd.
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.5%, this is a lower level of debt than the average (55.7%)
26.5% - Flexible Surface Technology Ltd.
55.7% - Industry AVG
FLEXIBLE SURFACE TECHNOLOGY LTD. financials
Flexible Surface Technology Ltd.'s latest turnover from December 2023 is £1.4 million and the company has net assets of £1 million. According to their latest financial statements, Flexible Surface Technology Ltd. has 22 employees and maintains cash reserves of £522.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,428,653 | 1,459,498 | 1,419,821 | 2,209,527 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 786,588 | 783,083 | 656,941 | 1,035,338 | |||||||||||
| Gross Profit | 642,065 | 676,415 | 762,880 | 1,174,189 | |||||||||||
| Admin Expenses | 303,511 | 635,847 | 745,906 | 1,036,121 | |||||||||||
| Operating Profit | 338,554 | 40,568 | 16,974 | 138,068 | |||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 5 | 12 | 6,716 | 8,320 | |||||||||||
| Pre-Tax Profit | 338,559 | 40,580 | 23,690 | 146,388 | |||||||||||
| Tax | 1,915 | -13,702 | -3,299 | -33,356 | |||||||||||
| Profit After Tax | 340,474 | 26,878 | 20,391 | 113,032 | |||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 340,474 | 26,878 | 20,391 | 113,032 | |||||||||||
| Employee Costs | 616,586 | 923,783 | |||||||||||||
| Number Of Employees | 22 | 25 | 23 | 23 | 22 | 23 | 22 | 22 | 26 | 34 | |||||
| EBITDA* | 350,570 | 59,699 | 31,327 | 192,369 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 180,650 | 454,650 | 455,681 | 473,681 | 465,282 | 479,635 | 493,988 | 502,360 | 516,713 | 531,066 | 585,367 | 615,888 | 654,433 | 615,579 | 653,554 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,961,803 | 1,961,803 | 1,977,617 | 1,977,617 | 1,477,617 | ||||||||||
| Total Fixed Assets | 180,650 | 454,650 | 455,681 | 473,681 | 465,282 | 479,635 | 493,988 | 502,360 | 516,713 | 531,066 | 2,547,170 | 2,577,691 | 2,632,050 | 2,593,196 | 2,131,171 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 158,620 | 282,349 | 232,222 | 177,968 | 168,969 | 245,137 | 221,068 | 215,479 | 198,653 | 227,200 | 437,434 | 419,114 | 399,250 | 430,397 | 408,243 |
| Group Debtors | 522,150 | 93,704 | 23,691 | 3,227,653 | 3,237,087 | 3,226,999 | 3,262,204 | 3,235,398 | 1,979,357 | 1,982,383 | |||||
| Misc Debtors | 13,321 | 6,685 | 5,730 | 5,131 | 5,774 | 6,251 | 7,131 | 7,833 | 9,926 | 13,225 | |||||
| Cash | 522,640 | 114,877 | 165,015 | 114,034 | 167,944 | 140,354 | 158,284 | 127,276 | 1,313,613 | 1,401,941 | 1,143,606 | 957,096 | 748,538 | 478,025 | 677,750 |
| misc current assets | |||||||||||||||
| total current assets | 1,216,731 | 497,615 | 426,658 | 3,524,786 | 3,579,774 | 3,618,741 | 3,648,687 | 3,585,986 | 3,501,549 | 3,624,749 | 1,581,040 | 1,376,210 | 1,147,788 | 908,422 | 1,085,993 |
| total assets | 1,397,381 | 952,265 | 882,339 | 3,998,467 | 4,045,056 | 4,098,376 | 4,142,675 | 4,088,346 | 4,018,262 | 4,155,815 | 4,128,210 | 3,953,901 | 3,779,838 | 3,501,618 | 3,217,164 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 144,102 | 61,420 | 89,989 | 53,240 | 96,818 | 110,704 | 78,590 | 88,677 | 91,557 | 97,250 | 428,604 | 419,933 | 434,699 | 404,102 | 375,946 |
| Group/Directors Accounts | 99,991 | 49,999 | 88,562 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 120,658 | 148,475 | 131,882 | 121,330 | 88,739 | 109,956 | 131,202 | 140,571 | 93,676 | 157,365 | |||||
| total current liabilities | 364,751 | 259,894 | 221,871 | 174,570 | 185,557 | 220,660 | 209,792 | 229,248 | 185,233 | 343,177 | 428,604 | 419,933 | 434,699 | 404,102 | 375,946 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 4,809 | 5,025 | |||||||||||||
| total long term liabilities | 4,809 | 5,025 | |||||||||||||
| total liabilities | 369,560 | 264,919 | 221,871 | 174,570 | 185,557 | 220,660 | 209,792 | 229,248 | 185,233 | 343,177 | 428,604 | 419,933 | 434,699 | 404,102 | 375,946 |
| net assets | 1,027,821 | 687,346 | 660,468 | 3,823,897 | 3,859,499 | 3,877,716 | 3,932,883 | 3,859,098 | 3,833,029 | 3,812,638 | 3,699,606 | 3,533,968 | 3,345,139 | 3,097,516 | 2,841,218 |
| total shareholders funds | 1,027,821 | 687,346 | 660,468 | 3,823,897 | 3,859,499 | 3,877,716 | 3,932,883 | 3,859,098 | 3,833,029 | 3,812,638 | 3,699,606 | 3,533,968 | 3,345,139 | 3,097,516 | 2,841,218 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 338,554 | 40,568 | 16,974 | 138,068 | |||||||||||
| Depreciation | 12,016 | 19,131 | 18,000 | 15,600 | 14,353 | 14,353 | 8,372 | 14,353 | 14,353 | 54,301 | 30,521 | 38,545 | 44,732 | 37,975 | 45,183 |
| Amortisation | |||||||||||||||
| Tax | 1,915 | -13,702 | -3,299 | -33,356 | |||||||||||
| Stock | |||||||||||||||
| Debtors | 311,353 | 121,095 | -3,149,109 | -1,078 | -66,557 | -12,016 | 1,302,467 | 1,270,774 | -34,872 | -176,429 | 18,320 | 4,050 | -31,147 | 522,154 | 1,885,860 |
| Creditors | 82,682 | -28,569 | 36,749 | -43,578 | -13,886 | 32,114 | -12,967 | -2,880 | -5,693 | -331,354 | 8,671 | -14,766 | 30,597 | 28,156 | 375,946 |
| Accruals and Deferred Income | -27,817 | 16,593 | 10,552 | 32,591 | -21,217 | -21,246 | 37,526 | 46,895 | -63,689 | 157,365 | |||||
| Deferred Taxes & Provisions | -216 | 5,025 | |||||||||||||
| Cash flow from operations | 95,781 | -82,049 | -6,482 | 161,453 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 49,992 | 49,999 | -88,562 | 88,562 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 5 | 12 | 6,716 | 8,320 | |||||||||||
| cash flow from financing | 49,998 | 50,011 | -81,846 | 96,882 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 407,763 | -50,138 | 50,981 | -53,910 | 27,590 | -17,930 | -1,155,329 | -1,186,337 | -88,328 | 258,335 | 186,510 | 208,558 | 270,513 | -199,725 | 677,750 |
| overdraft | |||||||||||||||
| change in cash | 407,763 | -50,138 | 50,981 | -53,910 | 27,590 | -17,930 | -1,155,329 | -1,186,337 | -88,328 | 258,335 | 186,510 | 208,558 | 270,513 | -199,725 | 677,750 |
flexible surface technology ltd. Credit Report and Business Information
Flexible Surface Technology Ltd. Competitor Analysis
Perform a competitor analysis for flexible surface technology ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in EH54 area or any other competitors across 12 key performance metrics.
flexible surface technology ltd. Ownership
FLEXIBLE SURFACE TECHNOLOGY LTD. group structure
Flexible Surface Technology Ltd. has no subsidiary companies.
Ultimate parent company
2 parents
FLEXIBLE SURFACE TECHNOLOGY LTD.
SC126581
flexible surface technology ltd. directors
Flexible Surface Technology Ltd. currently has 2 directors. The longest serving directors include Mr James Jamieson (Feb 2001) and Mr Stephen Scott (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Jamieson | 72 years | Feb 2001 | - | Director | |
| Mr Stephen Scott | England | 47 years | Jun 2016 | - | Director |
P&L
December 2023turnover
1.4m
-2%
operating profit
338.6k
+735%
gross margin
45%
-3.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1m
+0.5%
total assets
1.4m
+0.47%
cash
522.6k
+3.55%
net assets
Total assets minus all liabilities
flexible surface technology ltd. company details
company number
SC126581
Type
Private limited with Share Capital
industry
25610 - Treatment and coating of metals
incorporation date
August 1990
age
35
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
deans finishing limited (November 2001)
androplex limited (February 1991)
accountant
-
auditor
AAB
address
nairn road, deans industrial estate, livingston, EH54 8AY
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
flexible surface technology 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 found 7 charges/mortgages relating to flexible surface technology ltd.. Currently there are 0 open charges and 7 have been satisfied in the past.
flexible surface technology 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.
Click to start generating capital raising & share issue transactions for FLEXIBLE SURFACE TECHNOLOGY LTD.. This can take several minutes, an email will notify you when this has completed.
flexible surface technology ltd. Companies House Filings - See Documents
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