Remote Measurement Systems Limited

POWER SEARCH PRICING

SOLUTIONS

remote measurement systems limited Company Information

Live (In Liquidation)

MatureSmallRapid

Company Number

SC187470

Next Accounts

825 days late

Industry

Support activities for petroleum and natural gas extraction

Directors

Valery Dumenko

Iain Cook

Shareholders

newtech services holding limited

paul anyhony donegan mcclure

Group Structure

View All

Contact

Registered Address

4th floor meridian, union row, aberdeen, AB10 1SA

Website

www.remote-measurement-systems.co.uk

remote measurement systems limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of REMOTE MEASUREMENT SYSTEMS LIMITED at £3.4m based on Net Assets of £2.3m and 1.47x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Remote Measurement Systems Limited is a live company located in aberdeen, AB10 1SA with a Companies House number of SC187470. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in July 1998, it's largest shareholder is newtech services holding limited with a 60% stake. Remote Measurement Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with rapid growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Rating4out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (0.1%)

EXPORT

Remote Measurement Systems Limited's latest turnover from December 2020 is £2.3 million and the company has net assets of £2.3 million. According to their latest financial statements, Remote Measurement Systems Limited has 20 employees and maintains cash reserves of £86.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,268,454	2,780,825	7,275,878	1,979,952	596,896	612,722	2,028,531	1,942,564	1,240,244	601,081	497,450	188,105
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,473,967	1,874,611	6,848,130	1,841,556	539,250	552,862	1,777,280	1,653,830	1,074,110	520,849	431,068	162,492
Gross Profit	794,487	906,214	427,749	138,396	57,646	59,860	251,251	288,734	166,134	80,232	66,382	25,612
Admin Expenses	637,917	1,071,375	30,783	417,482	-432,161	153,050	261,337	-438,758	-81,770	-33,722	117,952	-358,191
Operating Profit	156,570	-165,161	396,966	-279,086	489,807	-93,190	-10,086	727,492	247,904	113,954	-51,570	383,803
Interest Payable	285,442	227,402	2,940	2,964	1,495	0	0	0	0	0	0	0
Interest Receivable	0	0	2,735	1,857	1,287	1,983	2,184	1,896	1,150	573	558	307
Pre-Tax Profit	-128,872	-392,563	396,760	-280,193	489,600	-91,207	-7,902	729,388	249,054	114,527	-51,012	384,110
Tax	222,093	-51,094	-75,384	0	-97,920	0	0	-167,759	-59,773	-29,777	0	-107,551
Profit After Tax	93,221	-443,657	321,376	-280,193	391,680	-91,207	-7,902	561,629	189,281	84,750	-51,012	276,559
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	93,221	-443,657	321,376	-280,193	391,680	-91,207	-7,902	561,629	189,281	84,750	-51,012	276,559
Employee Costs	1,325,185	1,392,271	1,673,280	386,276	387,827	339,694	259,203	258,284	187,183	118,534	115,193	53,359
Number Of Employees	20	20	24	6	6	5	4	4	3	2	2	1
EBITDA*	232,378	-119,835	424,934	-267,218	503,080	-80,305	-1,078	733,303	253,755	117,882	-49,822	385,719

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	353,445	371,720	250,250	159,415	150,885	56,801	32,592	33,410	7,761	13,038	5,245	5,743
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	192	192	192	192	0	0	34,391	34,391	34,391	158,918	141,750	197,611
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	353,637	371,912	250,442	159,607	150,885	56,801	66,983	67,801	42,152	171,956	146,995	203,354
Stock & work in progress	3,810,679	4,396,814	4,075,664	2,507,419	661,384	446,867	340,703	246,725	930	0	0	0
Trade Debtors	19,932	29,576	0	72,711	50,016	69,076	546,750	616,811	391,634	148,453	109,166	19,246
Group Debtors	1,912,127	1,278,191	258,708	465,003	1,621,821	340,939	0	0	0	0	0	0
Misc Debtors	248,184	145,963	244,943	197,779	25,719	35,239	0	0	0	0	0	0
Cash	86,401	43,667	46,240	59,744	683,110	346,726	446,402	427,100	331,366	128,724	100,481	122,888
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,077,323	5,894,211	4,625,555	3,302,656	3,042,050	1,238,847	1,333,855	1,290,636	723,930	277,177	209,647	142,134
total assets	6,430,960	6,266,123	4,875,997	3,462,263	3,192,935	1,295,648	1,400,838	1,358,437	766,082	449,133	356,642	345,488
Bank overdraft	5,095	7,058	6,154	4,460	4,344	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	180,570	233,036	1,472,237	414,745	22,995	16,487	341,471	291,166	265,217	137,149	131,094	68,669
Group/Directors Accounts	3,786,721	3,620,606	1,614,940	1,818,570	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	146,325	183,426	74,370	111,993	1,763,054	310,158	0	0	0	0	0	0
total current liabilities	4,118,711	4,044,126	3,167,701	2,349,768	1,790,393	326,645	341,471	291,166	265,217	137,149	131,094	68,669
loans	25,261	28,230	33,141	38,909	43,486	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	5,277	6,904	6,061	6,063	1,286	1,686	0	259
total long term liabilities	25,261	28,230	33,141	38,909	48,763	6,904	6,061	6,063	1,286	1,686	0	259
total liabilities	4,143,972	4,072,356	3,200,842	2,388,677	1,839,156	333,549	347,532	297,229	266,503	138,835	131,094	68,928
net assets	2,286,988	2,193,767	1,675,155	1,073,586	1,353,779	962,099	1,053,306	1,061,208	499,579	310,298	225,548	276,560
total shareholders funds	2,286,988	2,193,767	1,675,155	1,073,586	1,353,779	962,099	1,053,306	1,061,208	499,579	310,298	225,548	276,560

	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	156,570	-165,161	396,966	-279,086	489,807	-93,190	-10,086	727,492	247,904	113,954	-51,570	383,803
Depreciation	75,808	45,326	27,968	11,868	13,273	12,885	9,008	5,811	5,851	3,928	1,748	1,916
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	222,093	-51,094	-75,384	0	-97,920	0	0	-167,759	-59,773	-29,777	0	-107,551
Stock	-586,135	321,150	3,414,280	1,846,035	214,517	106,164	93,978	245,795	930	0	0	0
Debtors	726,513	950,079	-1,193,905	-962,063	1,252,302	-101,496	-70,061	225,177	243,181	39,287	89,920	19,246
Creditors	-52,466	-1,239,201	1,449,242	391,750	6,508	-324,984	50,305	25,949	128,068	6,055	62,425	68,669
Accruals and Deferred Income	-37,101	109,056	-1,688,684	-1,651,061	1,452,896	310,158	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-5,277	-5,277	-1,627	843	-2	4,777	-400	1,686	-259	259
Cash flow from operations	224,526	-2,572,303	-2,115,544	-2,415,778	396,118	-98,956	25,308	125,298	77,539	56,559	-77,576	327,850
Investing Activities
capital expenditure	-57,533	-166,796	-127,333	-20,398	-107,357	-37,094	-8,190	-31,460	-574	-11,721	-1,250	-7,659
Change in Investments	0	0	192	192	0	-34,391	0	0	-124,527	17,168	-55,861	197,611
cash flow from investments	-57,533	-166,796	-127,525	-20,590	-107,357	-2,703	-8,190	-31,460	123,953	-28,889	54,611	-205,270
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	166,115	2,005,666	1,614,940	1,818,570	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-2,969	-4,911	-10,345	-4,577	43,486	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	962,269	0	0	0	0	0	0	0	0	0	1
interest	-285,442	-227,402	-205	-1,107	-208	1,983	2,184	1,896	1,150	573	558	307
cash flow from financing	-122,296	2,735,622	1,604,390	1,812,886	43,278	1,983	2,184	1,896	1,150	573	558	308
cash and cash equivalents
cash	42,734	-2,573	-636,870	-623,366	336,384	-99,676	19,302	95,734	202,642	28,243	-22,407	122,888
overdraft	-1,963	904	1,810	116	4,344	0	0	0	0	0	0	0
change in cash	44,697	-3,477	-638,680	-623,482	332,040	-99,676	19,302	95,734	202,642	28,243	-22,407	122,888

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for remote measurement systems limited. Get real-time insights into remote measurement systems limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for remote measurement systems limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in AB10 area or any other competitors across 12 key performance metrics.

REMOTE MEASUREMENT SYSTEMS LIMITED group structure

Remote Measurement Systems Limited has no subsidiary companies.

Ultimate parent company

NEWTECH SERVICES HOLDING LIMITED

#0101955

1 parent

REMOTE MEASUREMENT SYSTEMS LIMITED

SC187470

REMOTE MEASUREMENT SYSTEMS LIMITED Shareholders

newtech services holding limited	60%
paul anyhony donegan mcclure	40%

Remote Measurement Systems Limited currently has 2 directors. The longest serving directors include Mr Valery Dumenko (Feb 2017) and Mr Iain Cook (Nov 2018).

officer	country	age	start	end	role
Mr Valery Dumenko	United States	65 years	Feb 2017	-	Director
Mr Iain Cook		51 years	Nov 2018	-	Director

P&L

December 2020

turnover

2.3m

-18%

operating profit

156.6k

-195%

gross margin

35.1%

+7.47%

turnover

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

Balance Sheet

December 2020

net assets

2.3m

+0.04%

total assets

6.4m

+0.03%

cash

86.4k

+0.98%

net assets

Total assets minus all liabilities

Similar Companies

fletcher supply vessels limited

4.5

scopus engineering limited

oeg offshore limited

sentinel offshore vessels limited

senergy (gb) limited

1.5

company number

SC187470

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

July 1998

ultimate parent company

NEWTECH SERVICES HOLDING LIMITED

previous names

N/A

address

4th floor meridian, union row, aberdeen, AB10 1SA

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 1 charges/mortgages relating to remote measurement systems limited. Currently there are 0 open charges and 1 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.

Click to start generating capital raising & share issue transactions for REMOTE MEASUREMENT SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.

remote measurement systems limited Company Information

remote measurement systems limited Estimated Valuation

remote measurement systems limited Estimated Valuation

remote measurement systems limited Estimated Valuation

Remote Measurement Systems Limited Overview

Remote Measurement Systems Limited Health Check

REMOTE MEASUREMENT SYSTEMS LIMITED financials

remote measurement systems limited Credit Report and Business Information

Remote Measurement Systems Limited Competitor Analysis

remote measurement systems limited Ownership

remote measurement systems limited directors

remote measurement systems limited company details

remote measurement systems limited Charges & Mortgages

remote measurement systems limited Capital Raised & Share Issues BETA

remote measurement systems limited Companies House Filings - See Documents