Safesol Limited

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safesol limited Company Information

Live

MatureMicroDeclining

Company Number

SC261779

Website

www.safesol.co.uk

Registered Address

c/o graham &co ( accountants) lt, 76 dumbarton road, glasgow, G81 1UG

Industry

Other business support service activities n.e.c.

Telephone

01914478008

Next Accounts Due

October 2025

Group Structure

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Directors

Janet Wilson20 Years

Robert Wilson11 Years

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Shareholders

victoria jane morrison 25%

david aveyard 25%

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safesol limited Estimated Valuation

£159.5k

Pomanda estimates the enterprise value of SAFESOL LIMITED at £159.5k based on a Turnover of £287.9k and 0.55x industry multiple (adjusted for size and gross margin).

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Safesol Limited is a live company located in glasgow, G81 1UG with a Companies House number of SC261779. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2004, it's largest shareholder is victoria jane morrison with a 25% stake. Safesol Limited is a mature, micro sized company, Pomanda has estimated its turnover at £287.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Safesol Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £287.9k, make it smaller than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (7.6%)

EXPORT

Safesol Limited's latest turnover from January 2024 is estimated at £287.9 thousand and the company has net assets of £38.3 thousand. According to their latest financial statements, Safesol Limited has 3 employees and maintains cash reserves of £16.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	287,909	231,719	574,236	526,413	141,008	136,782	169,625	357,997	167,686	178,257	304,044	203,687	179,650	66,220	101,676
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	181,284	141,826	356,052	331,546	87,706	85,340	105,392	218,012	104,332	112,838	193,773	128,988	110,659	39,751	60,636
Gross Profit	106,625	89,893	218,184	194,868	53,301	51,442	64,234	139,985	63,353	65,419	110,271	74,699	68,991	26,469	41,039
Admin Expenses	117,218	109,437	212,411	194,612	55,819	48,556	57,959	151,079	64,274	85,859	126,767	52,583	50,463	28,306	20,573
Operating Profit	-10,593	-19,544	5,773	256	-2,518	2,886	6,275	-11,094	-921	-20,440	-16,496	22,116	18,528	-1,837	20,466
Interest Payable	833	1,666	704	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	884	680	44	14	128	86	20	26	72	59	64	81	65	70	47
Pre-Tax Profit	-10,542	-20,530	5,114	270	-2,391	2,972	6,295	-11,068	-849	-20,381	-16,432	22,197	18,593	-1,767	20,513
Tax	0	0	-972	-51	0	-565	-1,196	0	0	0	0	-5,327	-4,834	0	-5,743
Profit After Tax	-10,542	-20,530	4,142	219	-2,391	2,407	5,099	-11,068	-849	-20,381	-16,432	16,870	13,759	-1,767	14,769
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,542	-20,530	4,142	219	-2,391	2,407	5,099	-11,068	-849	-20,381	-16,432	16,870	13,759	-1,767	14,769
Employee Costs	138,926	138,722	220,710	212,290	125,744	121,558	115,484	106,566	107,005	71,222	105,989	69,578	69,403	34,251	35,300
Number Of Employees	3	3	5	5	3	3	3	3	3	2	3	2	2	1	1
EBITDA*	-2,695	-9,138	8,230	2,042	-1,851	4,076	6,539	-10,738	-450	-19,651	-15,928	22,692	18,910	-1,623	20,811

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	36,013	33,696	10,280	7,979	3,778	4,337	793	1,057	1,413	1,884	1,192	1,760	1,332	479	190
Intangible Assets	4,000	4,000	4,000	4,000	4,000	4,000	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	40,000	40,000	40,000	40,000	40,000	30,000	30,000	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	40,013	37,696	14,280	51,979	47,778	48,337	40,793	41,057	31,413	31,884	1,192	1,760	1,332	479	190
Stock & work in progress	35,678	38,418	32,539	15,000	15,000	9,718	0	0	11,205	0	3,450	12,820	8,280	7,515	0
Trade Debtors	21,675	20,540	0	0	4,874	4,874	200	0	1,895	20,133	46,456	31,221	25,204	3,098	12,786
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,644	144	6,994	144	1,810	810	434	0	0	0	0	0	0	14,985	0
Cash	16,747	18,597	20,247	15,165	13,409	20,591	2,279	5,837	14,707	13,896	9,731	15,815	16,723	9,426	18,676
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	75,744	77,699	59,780	30,309	35,093	35,993	2,913	5,837	27,807	34,029	59,637	59,856	50,207	35,024	31,462
total assets	115,757	115,395	74,060	82,288	82,871	84,330	43,706	46,894	59,220	65,913	60,829	61,616	51,539	35,503	31,652
Bank overdraft	2,594	12,553	9,959	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	33,747	11,493	0	0	49	49	0	0	0	26,896	33,627	17,983	24,776	22,499	16,881
Group/Directors Accounts	0	0	0	0	0	0	9,978	45,171	37,171	31,886	0	0	0	0	0
other short term finances	0	0	0	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	0	0	0
other current liabilities	41,107	42,498	47,168	82,050	82,369	81,437	33,577	6,675	15,849	0	0	0	0	0	0
total current liabilities	77,448	66,544	57,127	82,050	82,418	81,486	43,555	51,846	53,020	58,782	33,627	17,983	24,776	22,499	16,881
loans	0	0	12,553	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	0	0	0
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	0	0	0	0	434	434	148	144	228	310	0	0	0	0	0
total long term liabilities	0	0	12,553	0	434	434	148	144	228	310	0	0	0	0	0
total liabilities	77,448	66,544	69,680	82,050	82,852	81,920	43,703	51,990	53,248	59,092	33,627	17,983	24,776	22,499	16,881
net assets	38,309	48,851	4,380	238	19	2,410	3	-5,096	5,972	6,821	27,202	43,633	26,763	13,004	14,771
total shareholders funds	38,309	48,851	4,380	238	19	2,410	3	-5,096	5,972	6,821	27,202	43,633	26,763	13,004	14,771

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-10,593	-19,544	5,773	256	-2,518	2,886	6,275	-11,094	-921	-20,440	-16,496	22,116	18,528	-1,837	20,466
Depreciation	7,898	10,406	2,457	1,786	667	1,190	264	356	471	789	568	576	382	214	345
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-972	-51	0	-565	-1,196	0	0	0	0	-5,327	-4,834	0	-5,743
Stock	-2,740	5,879	17,539	0	5,282	9,718	0	-11,205	11,205	-3,450	-9,370	4,540	765	7,515	0
Debtors	2,635	13,690	6,850	-6,540	1,000	5,050	634	-1,895	-18,238	-26,323	15,235	6,017	7,121	5,297	12,786
Creditors	22,254	11,493	0	-49	0	49	0	0	-26,896	-6,731	15,644	-6,793	2,277	5,618	16,881
Accruals and Deferred Income	-1,391	-4,670	-34,882	-319	932	47,860	26,902	-9,174	15,849	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-434	0	286	4	-84	-82	310	0	0	0	0	0
Cash flow from operations	18,273	-21,884	-52,013	7,729	-7,201	36,938	31,615	-6,896	-4,546	3,701	-6,149	15	8,467	-8,817	19,163
Investing Activities
capital expenditure	-10,215	-33,822	-4,758	-5,987	-108	-8,734	0	0	0	-1,481	0	-1,004	-1,235	-503	-535
Change in Investments	0	0	-40,000	0	0	0	0	10,000	0	30,000	0	0	0	0	0
cash flow from investments	-10,215	-33,822	35,242	-5,987	-108	-8,734	0	-10,000	0	-31,481	0	-1,004	-1,235	-503	-535
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-9,978	-35,193	8,000	5,285	31,886	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-12,553	12,553	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	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	0	0	0
share issue	0	65,001	0	0	0	0	0	0	0	0	1	0	0	0	2
interest	51	-986	-660	14	128	86	20	26	72	59	64	81	65	70	47
cash flow from financing	51	51,462	11,893	14	128	-9,892	-35,173	8,026	5,357	31,945	65	81	65	70	49
cash and cash equivalents
cash	-1,850	-1,650	5,082	1,756	-7,182	18,312	-3,558	-8,870	811	4,165	-6,084	-908	7,297	-9,250	18,676
overdraft	-9,959	2,594	9,959	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	8,109	-4,244	-4,877	1,756	-7,182	18,312	-3,558	-8,870	811	4,165	-6,084	-908	7,297	-9,250	18,676

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for safesol limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in G81 area or any other competitors across 12 key performance metrics.

SAFESOL LIMITED group structure

Safesol Limited has 1 subsidiary company.

Ultimate parent company

SAFESOL LIMITED

SC261779

1 subsidiary

SAFESOL OLDCO LIMITED

SC222691

SAFESOL LIMITED Shareholders

victoria jane morrison	25%
david aveyard	25%
robert wilson	25%
janet mcdonald wilson	25%

Safesol Limited currently has 4 directors. The longest serving directors include Mrs Janet Wilson (Jan 2004) and Mr Robert Wilson (Mar 2013).

officer	country	age	start	end	role
Mrs Janet Wilson	Scotland	76 years	Jan 2004	-	Director
Mr Robert Wilson		77 years	Mar 2013	-	Director
Mrs Victoria Morrison	United Kingdom	51 years	Jan 2017	-	Director
Mr David Aveyard		61 years	May 2022	-	Director

P&L

January 2024

turnover

287.9k

+24%

operating profit

-10.6k

gross margin

37.1%

-4.54%

turnover

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

Balance Sheet

January 2024

net assets

38.3k

-0.22%

total assets

115.8k

cash

16.7k

-0.1%

net assets

Total assets minus all liabilities

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company number

SC261779

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2004

ultimate parent company

None

previous names

meadowhead consultancy ltd (February 2018)

address

c/o graham &co ( accountants) lt, 76 dumbarton road, glasgow, G81 1UG

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.

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safesol limited Company Information

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safesol limited Estimated Valuation

safesol limited Estimated Valuation

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SAFESOL LIMITED financials

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