Pomanda estimates the enterprise value of KIGTEK SOLUTIONS LIMITED at £2.3m based on a Turnover of £5.1m and 0.46x industry multiple (adjusted for size and gross margin).
kigtek solutions limitedEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of KIGTEK SOLUTIONS LIMITED at £1.8m based on an EBITDA of £480.7k and a 3.83x industry multiple (adjusted for size and gross margin).
kigtek solutions limitedEstimated Valuation
£2.9m
Pomanda estimates the enterprise value of KIGTEK SOLUTIONS LIMITED at £2.9m based on Net Assets of £1.3m and 2.31x industry multiple (adjusted for liquidity).
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Kigtek Solutions LimitedOverview
Kigtek Solutions Limited is a live company located in bellshill, ML4 3HB with a Companies House number of SC349224. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in September 2008, it's largest shareholder is
vinci energies uk holding limited
with a 100% stake. Kigtek Solutions Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£5.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Kigtek Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
4 Regular
2 Weak
Size
annual sales of £5.1m, make it larger than the average company (£2.4m)
£5.1m - Kigtek Solutions Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.1%)
19% - Kigtek Solutions Limited
8.1% - Industry AVG
Production
with a gross margin of 30.1%, this company has a comparable cost of product (31%)
30.1% - Kigtek Solutions Limited
31% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (6%)
9% - Kigtek Solutions Limited
6% - Industry AVG
Employees
with 34 employees, this is similar to the industry average (31)
34 - Kigtek Solutions Limited
31 - Industry AVG
Pay Structure
on an average salary of £57.2k, the company has an equivalent pay structure (£57.2k)
£57.2k - Kigtek Solutions Limited
£57.2k - Industry AVG
Efficiency
resulting in sales per employee of £149.4k, this is more efficient (£113.3k)
£149.4k - Kigtek Solutions Limited
£113.3k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is near the average (73 days)
82 days - Kigtek Solutions Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (39 days)
17 days - Kigtek Solutions Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kigtek Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 52 weeks, this is more cash available to meet short term requirements (18 weeks)
52 weeks - Kigtek Solutions Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.6%, this is a higher level of debt than the average (51%)
59.6% - Kigtek Solutions Limited
51% - Industry AVG
KIGTEK SOLUTIONS LIMITED financials
EXPORT
Kigtek Solutions Limited's latest turnover from December 2023 is £5.1 million and the company has net assets of £1.3 million. According to their latest financial statements, Kigtek Solutions Limited has 34 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Nov 2022
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
5,078,426
2,286,240
3,047,252
2,185,951
2,997,556
2,231,346
2,234,421
1,599,948
1,194,317
3,312,546
1,141,691
2,610,725
1,577,129
2,669,650
1,064,251
Other Income Or Grants
Cost Of Sales
3,550,063
1,858,504
2,457,362
1,856,826
2,140,278
1,551,657
1,454,646
1,018,802
772,604
2,127,894
730,479
1,653,571
954,891
1,679,295
667,445
Gross Profit
1,528,363
427,736
589,890
329,125
857,278
679,689
779,775
581,147
421,713
1,184,651
411,212
957,154
622,238
990,355
396,805
Admin Expenses
1,068,973
394,581
473,130
299,690
468,731
669,065
501,354
543,449
261,586
1,115,546
160,835
1,000,479
545,075
942,621
385,910
Operating Profit
459,390
33,155
116,760
29,435
388,547
10,624
278,421
37,698
160,127
69,105
250,377
-43,325
77,163
47,734
10,895
Interest Payable
2,333
21
249
46
48
Interest Receivable
57,696
2,660
2,086
4,192
704
3,417
2,210
981
1,980
1,462
1,649
2,448
2,191
1,201
269
Pre-Tax Profit
514,753
35,815
118,825
33,378
389,251
14,041
280,631
38,633
162,059
70,567
252,026
-40,877
79,354
48,935
11,164
Tax
-120,846
-20,962
-21,088
82,556
-73,958
-2,668
-53,320
-7,726
-32,412
-14,819
-57,966
-20,632
-13,702
-3,126
Profit After Tax
393,907
14,853
97,737
115,934
315,293
11,373
227,311
30,906
129,647
55,748
194,060
-40,877
58,722
35,233
8,038
Dividends Paid
200,000
80,000
Retained Profit
193,907
14,853
17,737
115,934
315,293
11,373
227,311
30,906
129,647
55,748
194,060
-40,877
58,722
35,233
8,038
Employee Costs
1,945,933
1,159,271
1,209,674
1,107,760
1,163,222
1,047,660
909,376
940,427
448,576
1,129,658
354,935
661,309
517,143
706,800
333,688
Number Of Employees
34
23
24
24
24
20
19
20
10
25
7
13
10
15
7
EBITDA*
480,741
42,369
129,370
38,024
396,581
17,526
290,177
53,447
179,205
85,630
265,273
-33,498
83,113
56,780
16,099
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Nov 2022
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
30,271
20,797
30,011
19,621
23,788
13,436
10,861
21,076
34,624
36,836
36,140
15,630
9,945
21,931
22,476
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
30,271
20,797
30,011
19,621
23,788
13,436
10,861
21,076
34,624
36,836
36,140
15,630
9,945
21,931
22,476
Stock & work in progress
7,000
73,500
95,577
6,000
Trade Debtors
1,153,406
1,294,686
842,794
508,293
775,597
628,800
578,485
278,558
271,472
473,143
187,316
270,386
142,641
252,449
85,726
Group Debtors
42,265
24,058
24,478
24,037
24,037
12,217
12,037
10,776
Misc Debtors
55,669
24,108
27,982
94,730
11,296
5,428
6,383
4,715
3,364
Cash
1,864,112
728,053
1,293,910
957,691
986,439
421,126
489,989
394,128
390,691
401,115
183,784
475,660
503,642
372,924
107,536
misc current assets
26,025
total current assets
3,073,187
2,089,112
2,188,744
1,585,192
1,797,369
1,079,391
1,087,074
689,438
709,328
947,758
371,100
841,623
652,283
625,373
193,262
total assets
3,103,458
2,109,909
2,218,755
1,604,813
1,821,157
1,092,827
1,097,935
710,514
743,952
984,594
407,240
857,253
662,228
647,304
215,738
Bank overdraft
Bank loan
Trade Creditors
170,904
39,500
419,395
167,975
520,636
230,501
289,119
165,479
161,236
673,658
152,052
796,125
560,225
601,722
172,106
Group/Directors Accounts
other short term finances
2,720
1,477
hp & lease commitments
275
3,575
3,300
2,502
8,623
other current liabilities
1,679,657
1,011,180
753,553
407,443
271,480
145,278
110,016
71,044
132,033
total current liabilities
1,850,561
1,050,680
1,172,948
578,413
795,691
379,079
399,135
239,025
303,369
673,658
152,052
796,125
560,225
601,722
172,106
loans
hp & lease commitments
3,575
Accruals and Deferred Income
other liabilities
2,301
35,584
provisions
239
1,670
total long term liabilities
239
1,670
3,575
2,301
35,584
total liabilities
1,850,561
1,050,919
1,174,618
578,413
795,691
382,654
399,135
239,025
303,369
673,658
152,052
796,125
560,225
604,023
207,690
net assets
1,252,897
1,058,990
1,044,137
1,026,400
1,025,466
710,173
698,800
471,489
440,583
310,936
255,188
61,128
102,003
43,281
8,048
total shareholders funds
1,252,897
1,058,990
1,044,137
1,026,400
1,025,466
710,173
698,800
471,489
440,583
310,936
255,188
61,128
102,003
43,281
8,048
Dec 2023
Nov 2022
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
459,390
33,155
116,760
29,435
388,547
10,624
278,421
37,698
160,127
69,105
250,377
-43,325
77,163
47,734
10,895
Depreciation
21,351
9,214
12,610
8,589
8,034
6,902
11,756
15,749
19,078
16,525
14,896
9,827
5,950
9,046
5,204
Amortisation
Tax
-120,846
-20,962
-21,088
82,556
-73,958
-2,668
-53,320
-7,726
-32,412
-14,819
-57,966
-20,632
-13,702
-3,126
Stock
-7,000
-66,500
73,500
-95,577
89,577
6,000
Debtors
-151,984
733,558
267,333
-183,429
152,665
61,180
301,775
9,698
-187,531
285,827
-83,070
127,745
-109,808
166,723
85,726
Creditors
131,404
-128,475
251,420
-352,661
290,135
-58,618
123,640
4,243
-512,422
521,606
-644,073
235,900
-41,497
429,616
172,106
Accruals and Deferred Income
668,477
603,737
346,110
135,963
126,202
35,262
38,972
-60,989
132,033
Deferred Taxes & Provisions
-239
239
1,670
Cash flow from operations
1,311,521
-236,650
440,149
87,311
586,295
-69,678
97,694
-13,723
20,435
233,090
-258,119
-14,920
124,792
305,971
99,353
Investing Activities
capital expenditure
-30,825
-10,390
-23,000
-4,422
-18,386
-9,477
-1,541
-2,201
-16,866
-17,221
-35,406
-15,512
6,036
-8,501
-27,680
Change in Investments
cash flow from investments
-30,825
-10,390
-23,000
-4,422
-18,386
-9,477
-1,541
-2,201
-16,866
-17,221
-35,406
-15,512
6,036
-8,501
-27,680
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-2,720
-2,720
2,720
-1,477
1,477
Long term loans
Hire Purchase and Lease Commitments
-275
-275
-3,300
-3,300
6,875
-2,502
-6,121
8,623
other long term liabilities
-2,301
-33,283
35,584
share issue
17,737
-115,000
2
10
interest
55,363
2,660
2,065
3,943
704
3,417
2,210
935
1,932
1,462
1,649
2,448
2,191
1,201
269
cash flow from financing
55,363
17,402
-930
-111,637
-2,596
10,292
-292
-6,663
12,032
1,462
1,649
2,450
-110
-32,082
35,863
cash and cash equivalents
cash
1,136,059
-229,638
336,219
-28,748
565,313
-68,863
95,861
3,437
-10,424
217,331
-291,876
-27,982
130,718
265,388
107,536
overdraft
change in cash
1,136,059
-229,638
336,219
-28,748
565,313
-68,863
95,861
3,437
-10,424
217,331
-291,876
-27,982
130,718
265,388
107,536
kigtek solutions limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for kigtek solutions limited. Get real-time insights into kigtek solutions limited's credit score, group structure and payment trends.
Perform a competitor analysis for kigtek solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in ML4 area or any other competitors across 12 key performance metrics.
kigtek solutions limited Ownership
KIGTEK SOLUTIONS LIMITED group structure
Kigtek Solutions Limited has no subsidiary companies.
The sole shareholder of Kigtek Solutions Limited is Vinci Energies Uk Holding Limited.
vinci energies uk holding limited
100%
kigtek solutions limited directors
Kigtek Solutions Limited currently has 3 directors.
The longest serving directors include
Mr Scott Van Der Vord (Mar 2022) and
Mr Ayyub Dedat (Mar 2022).
71121 - Engineering design activities for industrial process and production
incorporation date
September 2008
age
17
incorporated
UK
ultimate parent company
VINCI SA
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DODD & CO AUDIT LIMITED
address
douglas house pochard way, strathclyde business park, bellshill, ML4 3HB
Bank
-
Legal Advisor
-
kigtek solutions 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 2 charges/mortgages relating to kigtek solutions limited. Currently there are 0 open charges and 2 have been satisfied in the past.
kigtek solutions 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.
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kigtek solutions limitedCompanies House Filings - See Documents
