Insite Contracts Limited

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insite contracts limited Company Information

Live

MatureMidHealthy

Company Number

SC162464

Next Accounts

Jul 2025

Industry

Construction of commercial buildings

Directors

Scott McMillan

George Finlay

Shareholders

insite group holdings limited

george finlay

Group Structure

View All

Contact

Registered Address

64 coltness street, glasgow, G33 4JD

Website

http://www.insite-group.co.uk

insite contracts limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of INSITE CONTRACTS LIMITED at £6.2m based on a Turnover of £14.6m and 0.42x industry multiple (adjusted for size and gross margin).

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Insite Contracts Limited is a live company located in glasgow, G33 4JD with a Companies House number of SC162464. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in January 1996, it's largest shareholder is insite group holdings limited with a 98.4% stake. Insite Contracts Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Insite Contracts Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

5 Regular

2 Weak

Size

annual sales of £14.6m, make it larger than the average company (£10m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.1%)

EXPORT

Insite Contracts Limited's latest turnover from October 2023 is £14.6 million and the company has net assets of £3.4 million. According to their latest financial statements, Insite Contracts Limited has 50 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	14,639,554	14,188,848	14,010,290	12,245,984	18,911,353	15,265,231	12,983,370	13,313,786	11,571,759	8,737,569	8,241,060	6,369,260	5,890,496	5,179,964	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,567,882	12,295,093	11,855,503	10,724,681	16,009,844	12,883,967	10,800,777	11,068,651	9,529,256	7,491,124	7,129,416	5,437,856	5,063,018	4,378,703	0
Gross Profit	2,071,672	1,893,755	2,154,787	1,521,303	2,901,509	2,381,264	2,182,593	2,245,135	2,042,503	1,246,445	1,111,644	931,404	827,478	801,261	0
Admin Expenses	1,290,013	1,480,087	1,764,549	1,051,460	1,687,234	1,713,892	1,258,492	1,534,005	1,262,743	939,742	812,680	734,195	621,919	594,255	-1,335,737
Operating Profit	781,659	413,668	390,238	469,843	1,214,275	667,372	924,101	711,130	779,760	306,703	298,964	197,209	205,559	207,006	1,335,737
Interest Payable	4,163	8,554	2,822	2,489	4,851	12,588	11,717	12,056	9,422	1,721	700	701	771	606	0
Interest Receivable	0	3	0	10	878	277	143	2,280	1,726	511	758	1,646	1,651	2,650	1,989
Pre-Tax Profit	777,496	405,117	387,416	467,364	1,210,302	910,539	1,035,835	701,354	772,064	305,493	299,022	198,154	206,439	209,050	1,337,725
Tax	-125,247	-56,625	-128,764	-99,621	-212,598	-134,065	-177,043	-178,785	-161,712	-64,303	-62,843	-41,764	-44,530	-41,242	-374,563
Profit After Tax	652,249	348,492	258,652	367,743	997,704	776,474	858,792	522,569	610,352	241,190	236,179	156,390	161,909	167,808	963,162
Dividends Paid	0	0	0	316,000	750,000	750,000	750,000	0	0	0	0	70,000	70,000	70,000	0
Retained Profit	652,249	348,492	258,652	51,743	247,704	26,474	108,792	475,842	566,032	241,190	236,179	86,390	91,909	97,808	963,162
Employee Costs	2,316,061	2,119,224	2,164,046	2,418,565	2,837,200	2,716,512	2,228,225	2,425,123	2,168,945	1,877,379	1,485,830	955,838	935,655	881,123	0
Number Of Employees	50	51	75	71	76	69	61	75	63	56	50	25	25	24	0
EBITDA*	880,072	493,038	494,392	592,491	1,321,383	782,149	1,063,037	849,765	878,323	329,335	316,717	216,379	223,037	231,180	1,402,239

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	381,333	272,913	503,309	606,394	671,562	677,491	589,375	437,844	260,561	127,961	24,736	25,489	39,257	25,264	28,998
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	350,000	350,000	350,000	350,000	350,000	350,000	350,076	350,000	502,500	502,500	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	731,333	622,913	853,309	956,394	1,021,562	1,027,491	939,451	787,844	763,061	630,461	24,736	25,489	39,257	25,264	28,998
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,832,778	3,688,091	4,421,791	4,952,131	4,660,809	4,295,958	3,448,548	4,134,623	2,537,647	3,311,586	2,768,408	2,596,594	3,091,598	1,389,149	1,611,246
Group Debtors	1,645,822	1,243,962	772,217	539,209	370,152	762,225	1,314,873	1,863,778	0	0	0	0	0	0	0
Misc Debtors	71,393	54,890	33,559	35,697	189,114	169,769	11,760	45,491	44,579	49,055	53,704	45,707	123,938	171,903	0
Cash	1,849,934	1,651,757	2,002,968	1,503,924	1,212,696	1,603,196	1,054,492	314,664	1,975,660	352,936	648,611	451,093	374	1,292,828	795,402
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,399,927	6,638,700	7,230,535	7,030,961	6,432,771	6,831,148	5,829,673	6,358,556	4,557,886	3,713,577	3,470,723	3,093,394	3,215,910	2,853,880	2,406,648
total assets	8,131,260	7,261,613	8,083,844	7,987,355	7,454,333	7,858,639	6,769,124	7,146,400	5,320,947	4,344,038	3,495,459	3,118,883	3,255,167	2,879,144	2,435,646
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	126,878	0	0
Bank loan	0	0	83,333	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	935,564	768,954	784,450	570,654	2,324,252	2,992,038	2,145,503	1,911,409	1,214,626	1,554,151	1,382,506	1,549,150	1,242,871	1,054,542	1,236,695
Group/Directors Accounts	612,218	0	0	0	0	451,329	746,292	27,266	256,086	0	0	85,147	74,782	0	222,328
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	30,539	17,975	4,769	7,755	19,321	32,001	77,710	80,666	78,749	27,754	5,100	6,120	6,120	2,488	4,974
other current liabilities	3,006,624	2,858,454	3,890,584	4,455,287	2,204,441	1,718,309	1,150,073	2,150,577	1,266,361	971,193	626,405	228,097	634,417	755,144	0
total current liabilities	4,584,945	3,645,383	4,763,136	5,033,696	4,548,014	5,193,677	4,119,578	4,169,918	2,815,822	2,553,098	2,014,011	1,868,514	2,085,068	1,812,174	1,463,997
loans	0	0	125,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	86,173	52,426	0	4,769	12,523	17,561	37,112	99,440	141,686	55,459	0	5,100	11,220	0	2,487
Accruals and Deferred Income	0	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	0
provisions	74,701	38,753	19,149	30,983	34,632	35,941	27,448	21,460	30,426	12,844	0	0	0	0	0
total long term liabilities	160,874	91,179	144,149	35,752	47,155	53,502	64,560	120,900	172,112	68,303	0	5,100	11,220	0	2,487
total liabilities	4,745,819	3,736,562	4,907,285	5,069,448	4,595,169	5,247,179	4,184,138	4,290,818	2,987,934	2,621,401	2,014,011	1,873,614	2,096,288	1,812,174	1,466,484
net assets	3,385,441	3,525,051	3,176,559	2,917,907	2,859,164	2,611,460	2,584,986	2,764,511	2,288,669	1,722,637	1,481,448	1,245,269	1,158,879	1,066,970	969,162
total shareholders funds	3,385,441	3,525,051	3,176,559	2,917,907	2,859,164	2,611,460	2,584,986	2,764,511	2,288,669	1,722,637	1,481,448	1,245,269	1,158,879	1,066,970	969,162

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	781,659	413,668	390,238	469,843	1,214,275	667,372	924,101	711,130	779,760	306,703	298,964	197,209	205,559	207,006	1,335,737
Depreciation	98,413	79,370	104,154	122,648	107,108	114,777	138,936	138,635	98,563	22,632	17,753	19,170	17,478	24,174	66,502
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-125,247	-56,625	-128,764	-99,621	-212,598	-134,065	-177,043	-178,785	-161,712	-64,303	-62,843	-41,764	-44,530	-41,242	-374,563
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	563,050	-240,624	-299,470	306,962	-7,877	452,771	-1,268,711	3,461,666	-778,415	538,529	179,811	-573,235	1,654,484	-50,194	1,611,246
Creditors	166,610	-15,496	213,796	-1,753,598	-667,786	846,535	234,094	696,783	-339,525	171,645	-166,644	306,279	188,329	-182,153	1,236,695
Accruals and Deferred Income	148,170	-1,032,130	-564,703	2,250,846	486,132	568,236	-1,000,504	884,216	295,168	344,788	398,308	-406,320	-120,727	755,144	0
Deferred Taxes & Provisions	35,948	19,604	-11,834	-3,649	-1,309	8,493	5,988	-8,966	17,582	12,844	0	0	0	0	0
Cash flow from operations	542,503	-350,985	302,357	679,507	933,699	1,618,577	1,394,283	-1,218,653	1,468,251	255,780	305,727	647,809	-1,408,375	813,123	653,125
Investing Activities
capital expenditure	-206,833	151,026	-1,069	-57,480	-101,179	-202,893	-290,467	-315,918	2,488	-18,800	-12,937	-5,402	-31,471	-20,440	-95,500
Change in Investments	0	0	0	0	0	-76	76	-152,500	0	502,500	0	0	0	0	0
cash flow from investments	-206,833	151,026	-1,069	-57,480	-101,179	-202,817	-290,543	-163,418	2,488	-521,300	-12,937	-5,402	-31,471	-20,440	-95,500
Financing Activities
Bank loans	0	-83,333	83,333	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	612,218	0	0	0	-451,329	-294,963	719,026	-228,820	256,086	0	-85,147	10,365	74,782	-222,328	222,328
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-125,000	125,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	46,311	65,632	-7,755	-19,320	-17,718	-65,260	-65,284	-40,329	137,222	78,113	-6,120	-6,120	14,852	-4,973	7,461
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-791,859	0	0	7,000	0	0	-288,317	0	0	-1	0	0	0	0	6,000
interest	-4,163	-8,551	-2,822	-2,479	-3,973	-12,311	-11,574	-9,776	-7,696	-1,210	58	945	880	2,044	1,989
cash flow from financing	-137,493	-151,252	197,756	-14,799	-473,020	-372,534	353,851	-278,925	385,612	76,902	-91,209	5,190	90,514	-225,257	237,778
cash and cash equivalents
cash	198,177	-351,211	499,044	291,228	-390,500	548,704	739,828	-1,660,996	1,622,724	-295,675	197,518	450,719	-1,292,454	497,426	795,402
overdraft	0	0	0	0	0	0	0	0	0	0	0	-126,878	126,878	0	0
change in cash	198,177	-351,211	499,044	291,228	-390,500	548,704	739,828	-1,660,996	1,622,724	-295,675	197,518	577,597	-1,419,332	497,426	795,402

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INSITE CONTRACTS LIMITED group structure

Insite Contracts Limited has 1 subsidiary company.

Ultimate parent company

INSITE GROUP HOLDINGS LIMITED

SC547211

HMS 1107 LTD

#0116392

2 parents

INSITE CONTRACTS LIMITED

SC162464

1 subsidiary

INSITE CLADDING & ROOFING LIMITED

SC496051

INSITE CONTRACTS LIMITED Shareholders

insite group holdings limited	98.36%
george finlay	1.64%

Insite Contracts Limited currently has 2 directors. The longest serving directors include Mr Scott McMillan (Aug 2004) and Mr George Finlay (May 2017).

officer	country	age	start	end	role
Mr Scott McMillan	Scotland	52 years	Aug 2004	-	Director
Mr George Finlay		58 years	May 2017	-	Director

P&L

October 2023

turnover

14.6m

+3%

operating profit

781.7k

+89%

gross margin

14.2%

+6.03%

turnover

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

Balance Sheet

October 2023

net assets

3.4m

-0.04%

total assets

8.1m

+0.12%

cash

1.8m

+0.12%

net assets

Total assets minus all liabilities

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company number

SC162464

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

January 1996

ultimate parent company

INSITE GROUP HOLDINGS LIMITED

previous names

interact construction services limited (June 2004)

address

64 coltness street, glasgow, G33 4JD

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 insite contracts limited. Currently there are 3 open charges and 4 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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insite contracts limited Company Information

insite contracts limited Estimated Valuation

insite contracts limited Estimated Valuation

insite contracts limited Estimated Valuation

Insite Contracts Limited Overview

Insite Contracts Limited Health Check

INSITE CONTRACTS LIMITED financials

insite contracts limited Credit Report and Business Information

Insite Contracts Limited Competitor Analysis

insite contracts limited Ownership

insite contracts limited directors

insite contracts limited company details

insite contracts limited Charges & Mortgages

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insite contracts limited Companies House Filings - See Documents