suretec systems limited
suretec systems limited Company Information
Company Number
SC258005
Next Accounts
Sep 2025
Shareholders
telcoswitch limited
Group Structure
View All
Industry
Wireless telecommunications activities
+1Registered Address
1 berry street, aberdeen, aberdeenshire, AB25 1HF
suretec systems limited Estimated Valuation
Pomanda estimates the enterprise value of SURETEC SYSTEMS LIMITED at £300.2k based on a Turnover of £355.6k and 0.84x industry multiple (adjusted for size and gross margin).
suretec systems limited Estimated Valuation
Pomanda estimates the enterprise value of SURETEC SYSTEMS LIMITED at £255.7k based on an EBITDA of £84.9k and a 3.01x industry multiple (adjusted for size and gross margin).
suretec systems limited Estimated Valuation
Pomanda estimates the enterprise value of SURETEC SYSTEMS LIMITED at £2.9m based on Net Assets of £1.1m and 2.62x industry multiple (adjusted for liquidity).
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Suretec Systems Limited Overview
Suretec Systems Limited is a live company located in aberdeenshire, AB25 1HF with a Companies House number of SC258005. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in October 2003, it's largest shareholder is telcoswitch limited with a 100% stake. Suretec Systems Limited is a mature, micro sized company, Pomanda has estimated its turnover at £355.6k with declining growth in recent years.
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Suretec Systems Limited Health Check
Pomanda's financial health check has awarded Suretec Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £355.6k, make it smaller than the average company (£5.8m)
- Suretec Systems Limited
£5.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (5.2%)
- Suretec Systems Limited
5.2% - Industry AVG
Production
with a gross margin of 38.9%, this company has a comparable cost of product (38.9%)
- Suretec Systems Limited
38.9% - Industry AVG
Profitability
an operating margin of 23.9% make it more profitable than the average company (2.5%)
- Suretec Systems Limited
2.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (43)
5 - Suretec Systems Limited
43 - Industry AVG
Pay Structure
on an average salary of £58.5k, the company has an equivalent pay structure (£58.5k)
- Suretec Systems Limited
£58.5k - Industry AVG
Efficiency
resulting in sales per employee of £71.1k, this is less efficient (£169.7k)
- Suretec Systems Limited
£169.7k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (44 days)
- Suretec Systems Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (51 days)
- Suretec Systems Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Suretec Systems Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 104 weeks, this is more cash available to meet short term requirements (13 weeks)
104 weeks - Suretec Systems Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.8%, this is a lower level of debt than the average (64.4%)
9.8% - Suretec Systems Limited
64.4% - Industry AVG
SURETEC SYSTEMS LIMITED financials
Suretec Systems Limited's latest turnover from December 2023 is estimated at £355.6 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Suretec Systems Limited has 5 employees and maintains cash reserves of £246 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 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 5 | 9 | 7 | 6 | 7 | 8 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 252 | 13,563 | 30,000 | 8,727 | 5,959 | 27,478 | 57,120 | 17,867 | 27,707 | 1,258 | 729 | 1,457 | |||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 252 | 13,563 | 30,000 | 8,727 | 5,959 | 27,478 | 57,120 | 17,867 | 27,707 | 1,258 | 729 | 1,457 | |||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 11,785 | 22,963 | 22,291 | 47,565 | 22,628 | 30,550 | 25,259 | 18,777 | 35,763 | 27,227 | 20,273 | 23,969 | 18,061 | 45,043 | 4,868 |
| Group Debtors | 969,064 | 1,003,551 | 847,088 | ||||||||||||
| Misc Debtors | 16,503 | 33,963 | 11,564 | ||||||||||||
| Cash | 245,979 | 86,102 | 104,797 | 840,961 | 707,729 | 559,364 | 463,089 | 385,416 | 260,472 | 161,190 | 82,079 | 41,895 | 24,850 | 16,665 | 24,724 |
| misc current assets | |||||||||||||||
| total current assets | 1,243,331 | 1,146,579 | 985,740 | 888,526 | 730,357 | 589,914 | 488,348 | 404,193 | 296,235 | 188,417 | 102,352 | 65,864 | 42,911 | 61,708 | 29,592 |
| total assets | 1,243,331 | 1,146,579 | 985,992 | 902,089 | 760,357 | 598,641 | 494,307 | 431,671 | 353,355 | 206,284 | 130,059 | 67,122 | 42,911 | 62,437 | 31,049 |
| Bank overdraft | 2,525 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 40,030 | 25,862 | 33,110 | 58,677 | 95,334 | 44,412 | 31,764 | 25,582 | 25,777 | 54,257 | 33,726 | 20,999 | 16,343 | 34,446 | 10,938 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 82,353 | 67,378 | 55,097 | 68,771 | 33,810 | 52,415 | 45,270 | 48,355 | 44,194 | ||||||
| total current liabilities | 122,383 | 95,765 | 88,207 | 127,448 | 129,144 | 96,827 | 77,034 | 73,937 | 69,971 | 54,257 | 33,726 | 20,999 | 16,343 | 34,446 | 10,938 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 122,383 | 95,765 | 88,207 | 127,448 | 129,144 | 96,827 | 77,034 | 73,937 | 69,971 | 54,257 | 33,726 | 20,999 | 16,343 | 34,446 | 10,938 |
| net assets | 1,120,948 | 1,050,814 | 897,785 | 774,641 | 631,213 | 501,814 | 417,273 | 357,734 | 283,384 | 152,027 | 96,333 | 46,123 | 26,568 | 27,991 | 20,111 |
| total shareholders funds | 1,120,948 | 1,050,814 | 897,785 | 774,641 | 631,213 | 501,814 | 417,273 | 357,734 | 283,384 | 152,027 | 96,333 | 46,123 | 26,568 | 27,991 | 20,111 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 252 | 13,690 | 16,437 | 19,418 | 5,853 | 30,459 | 29,642 | 43,181 | 16,332 | 14,167 | 632 | 729 | 728 | 813 | |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -63,125 | 179,534 | 833,378 | 24,937 | -7,922 | 5,291 | 6,482 | -16,986 | 8,536 | 6,954 | -3,696 | 5,908 | -26,982 | 40,175 | 4,868 |
| Creditors | 14,168 | -7,248 | -25,567 | -36,657 | 50,922 | 12,648 | 6,182 | -195 | -28,480 | 20,531 | 12,727 | 4,656 | -18,103 | 23,508 | 10,938 |
| Accruals and Deferred Income | 14,975 | 12,281 | -13,674 | 34,961 | -18,605 | 7,145 | -3,085 | 4,161 | 44,194 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 159,877 | -18,695 | -736,164 | 133,232 | 148,365 | 96,275 | 77,673 | 124,944 | 99,282 | 79,111 | 40,184 | 17,045 | 8,185 | -8,059 | 24,724 |
| overdraft | -2,525 | 2,525 | |||||||||||||
| change in cash | 162,402 | -21,220 | -736,164 | 133,232 | 148,365 | 96,275 | 77,673 | 124,944 | 99,282 | 79,111 | 40,184 | 17,045 | 8,185 | -8,059 | 24,724 |
suretec systems limited Credit Report and Business Information
Suretec Systems Limited Competitor Analysis
Perform a competitor analysis for suretec systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in AB25 area or any other competitors across 12 key performance metrics.
suretec systems limited Ownership
SURETEC SYSTEMS LIMITED group structure
Suretec Systems Limited has no subsidiary companies.
Ultimate parent company
QUEEN'S PARK EQUITY PARTNERS I LP
#0141123
2 parents
SURETEC SYSTEMS LIMITED
SC258005
suretec systems limited directors
Suretec Systems Limited currently has 4 directors. The longest serving directors include Mr Paul Landsman (Jul 2021) and Mr Barry Kaye (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Landsman | England | 45 years | Jul 2021 | - | Director |
| Mr Barry Kaye | England | 54 years | May 2022 | - | Director |
| Mr Howard Stevens | England | 60 years | Apr 2024 | - | Director |
| Mr David McKay | England | 40 years | Nov 2024 | - | Director |
P&L
December 2023turnover
355.6k
-41%
operating profit
84.9k
0%
gross margin
39%
-0.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.1m
+0.07%
total assets
1.2m
+0.08%
cash
246k
+1.86%
net assets
Total assets minus all liabilities
suretec systems limited company details
company number
SC258005
Type
Private limited with Share Capital
industry
61200 - Wireless telecommunications activities
61100 - Wired telecommunications activities
incorporation date
October 2003
age
22
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
AZETS AUDIT SERVICES
auditor
-
address
1 berry street, aberdeen, aberdeenshire, AB25 1HF
Bank
-
Legal Advisor
-
suretec systems 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 5 charges/mortgages relating to suretec systems limited. Currently there are 0 open charges and 5 have been satisfied in the past.
suretec systems 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.
Click to start generating capital raising & share issue transactions for SURETEC SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
suretec systems limited Companies House Filings - See Documents
| date | description | view/download |
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