Pomanda estimates the enterprise value of SMART METERING SYSTEMS LIMITED at £256.3m based on a Turnover of £172.8m and 1.48x industry multiple (adjusted for size and gross margin).
smart metering systems limitedEstimated Valuation
£803.2m
Pomanda estimates the enterprise value of SMART METERING SYSTEMS LIMITED at £803.2m based on an EBITDA of £74m and a 10.86x industry multiple (adjusted for size and gross margin).
smart metering systems limitedEstimated Valuation
£1.1b
Pomanda estimates the enterprise value of SMART METERING SYSTEMS LIMITED at £1.1b based on Net Assets of £507.8m and 2.13x industry multiple (adjusted for liquidity).
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Smart Metering Systems LimitedOverview
Smart Metering Systems Limited is a live company located in glasgow, G2 5TS with a Companies House number of SC367563. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2009, it's largest shareholder is
sienna bidco limited duo
with a 100% stake. Smart Metering Systems Limited is a established,
mega sized company, Pomanda has estimated its turnover at
£172.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Smart Metering Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
2 Regular
2 Weak
Size
annual sales of £172.8m, make it larger than the average company (£4.8m)
£172.8m - Smart Metering Systems Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.6%)
19% - Smart Metering Systems Limited
6.6% - Industry AVG
Production
with a gross margin of 53.6%, this company has a lower cost of product (38.3%)
53.6% - Smart Metering Systems Limited
38.3% - Industry AVG
Profitability
an operating margin of 17.1% make it more profitable than the average company (5.7%)
17.1% - Smart Metering Systems Limited
5.7% - Industry AVG
Employees
with 1402 employees, this is above the industry average (27)
1402 - Smart Metering Systems Limited
27 - Industry AVG
Pay Structure
on an average salary of £53.7k, the company has an equivalent pay structure (£54k)
£53.7k - Smart Metering Systems Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £123.2k, this is less efficient (£171.4k)
£123.2k - Smart Metering Systems Limited
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (42 days)
71 days - Smart Metering Systems Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (32 days)
106 days - Smart Metering Systems Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (33 days)
2 days - Smart Metering Systems Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 20 weeks, this is average cash available to meet short term requirements (22 weeks)
20 weeks - Smart Metering Systems Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.2%, this is a lower level of debt than the average (62.5%)
37.2% - Smart Metering Systems Limited
62.5% - Industry AVG
SMART METERING SYSTEMS LIMITED financials
EXPORT
Smart Metering Systems Limited's latest turnover from December 2023 is £172.8 million and the company has net assets of £507.8 million. According to their latest financial statements, Smart Metering Systems Limited has 1,402 employees and maintains cash reserves of £27.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Jun 2020
Dec 2019
Jun 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
172,756,000
139,200,000
108,480,000
102,982,000
114,281,000
98,492,000
79,593,000
67,188,000
53,945,000
42,386,000
27,916,000
21,029,000
15,964,000
12,368,000
9,814,256
Other Income Or Grants
-4,890,000
Cost Of Sales
80,109,000
65,498,000
49,145,000
49,980,000
72,217,000
56,945,000
39,164,000
30,257,000
23,805,000
14,766,000
10,101,000
7,759,000
7,109,000
6,876,000
5,685,721
Gross Profit
92,647,000
73,702,000
59,335,000
48,112,000
42,064,000
41,547,000
40,429,000
36,931,000
30,140,000
27,620,000
17,815,000
13,270,000
8,855,000
5,492,000
4,128,535
Admin Expenses
63,181,000
53,612,000
45,819,000
-151,506,000
-201,712,367
28,315,000
-17,094,173
30,462,000
17,824,000
6,929,825
10,647,000
14,617,000
8,981,000
6,094,000
4,373,000
3,450,000
2,491,626
Operating Profit
29,466,000
20,090,000
13,516,000
199,618,000
201,712,367
13,749,000
17,094,173
11,085,000
22,605,000
30,001,175
19,493,000
13,003,000
8,834,000
7,176,000
4,482,000
2,042,000
1,636,909
Interest Payable
12,592,000
4,404,000
5,230,000
4,843,000
8,565,000
5,958,000
4,137,000
2,327,000
2,142,000
2,015,000
1,122,000
739,000
535,000
250,000
201,185
Interest Receivable
1,065,000
455,000
7,000
189,000
278,000
224,000
21,000
2,000
27,000
30,000
26,000
33,000
41,000
1,335
Pre-Tax Profit
17,117,000
15,955,000
8,293,000
194,964,000
150,000,000
5,462,000
9,094,000
5,351,000
17,965,000
18,243,000
17,465,000
11,018,000
7,471,000
5,227,000
3,311,000
857,000
1,437,059
Tax
-4,754,000
-1,084,000
-4,501,000
-1,485,000
-1,465,000
141,000
-887,000
-3,306,000
-2,998,000
-2,463,000
-2,143,000
-896,000
-914,000
-1,121,000
-367,000
-427,717
Profit After Tax
12,363,000
14,871,000
3,792,000
193,479,000
150,000,000
3,997,000
9,235,000
4,464,000
14,659,000
15,245,000
15,002,000
8,875,000
6,575,000
4,313,000
2,190,000
490,000
1,009,342
Dividends Paid
41,396,000
37,592,000
29,060,000
12,226,000
7,079,000
6,143,000
4,028,000
3,145,000
2,564,000
2,174,000
1,546,000
417,000
180,000
500,000
Retained Profit
-29,033,000
-22,721,000
-25,268,000
181,253,000
150,000,000
-3,082,000
9,235,000
-1,679,000
10,631,000
12,100,000
12,438,000
6,701,000
5,029,000
3,896,000
2,010,000
-10,000
1,009,342
Employee Costs
75,300,000
67,935,000
49,894,000
45,856,000
42,246
46,014,000
41,899
34,894,000
30,224,000
21,478,000
10,762,000
8,794,000
4,474,000
2,484,000
1,965,000
1,676,000
1,184,829
Number Of Employees
1,402
1,361
1,125
1,123
1
1,225
1
915
791
714
310
247
96
68
42
35
23
EBITDA*
73,962,000
57,317,000
46,414,000
231,632,000
201,712,367
50,406,000
17,094,173
41,090,000
38,816,000
41,969,175
27,768,000
18,684,000
11,850,000
8,367,000
5,673,000
2,889,000
2,003,176
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Jun 2020
Dec 2019
Jun 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
692,604,000
584,647,000
417,627,000
331,041,000
412,965,000
357,209,000
266,058,000
158,723,000
126,684,000
92,532,000
57,382,000
36,104,000
21,361,000
12,982,000
8,302,804
Intangible Assets
25,866,000
25,832,000
25,463,000
24,923,000
23,743,000
17,138,000
13,870,000
14,611,000
10,028,000
10,932,000
2,018,000
1,916,000
1,885,000
1,731,000
1,862,964
Investments & Other
3,158,000
1,980,000
75,000
75,000
20,616,000
75,000
20,170,000
75,000
118,000
118,000
83,000
83,000
20,000
Debtors (Due After 1 year)
2,773,000
12,347,000
1,651,000
1,320,000
232,000
402,000
594,000
628,000
901,000
1,172,000
30,166
Total Fixed Assets
718,470,000
610,479,000
443,090,000
354,656,000
20,616,000
436,708,000
20,170,000
374,347,000
279,928,000
173,334,000
136,712,000
103,464,000
59,400,000
38,020,000
23,246,000
14,713,000
10,215,934
Stock & work in progress
439,000
358,000
22,980,000
27,650,000
22,061,000
11,261,000
16,575,000
6,121,000
1,099,000
1,211,000
2,504,000
373,000
83,000
Trade Debtors
34,014,000
25,297,000
22,451,000
20,272,000
308,771,000
28,596,000
161,387,000
28,036,000
20,771,000
12,858,000
9,960,000
7,232,000
5,211,000
1,270,000
480,000
330,000
838,211
Group Debtors
Misc Debtors
27,431,000
27,638,000
25,180,000
16,892,000
19,089,000
2,604,000
4,511,000
2,936,000
245,000
1,013,000
888,000
1,821,000
1,092,000
858,000
1,089,778
Cash
27,347,000
33,077,000
118,986,000
41,863,000
50,092,000
30,027,000
150,600,000
7,999,000
5,711,000
4,285,000
2,073,000
6,455,000
7,317,000
1,835,000
592,254
misc current assets
550,000
641,000
3,397,000
426,000
66,000
207,000
18,000
279,000
517,100
total current assets
89,744,000
86,883,000
190,147,000
107,894,000
308,771,000
120,667,000
161,387,000
75,325,000
192,883,000
29,914,000
17,015,000
13,807,000
10,883,000
9,919,000
8,990,000
3,302,000
3,037,343
total assets
808,214,000
697,362,000
633,237,000
462,550,000
329,387,000
557,375,000
181,557,000
449,672,000
472,811,000
203,248,000
153,727,000
117,271,000
70,283,000
47,939,000
32,236,000
18,015,000
13,253,277
Bank overdraft
4,543,000
591,000
1,724,000
172,016,000
11,000
11,574
Bank loan
23,197,000
14,530,000
8,496,000
7,904,000
3,933,000
2,150,000
1,328,000
992,000
37,718
Trade Creditors
23,407,000
28,447,000
16,638,000
10,215,000
16,466,000
13,835,000
23,923,000
11,421,000
5,324,000
7,767,000
4,569,000
3,434,000
2,035,000
1,568,000
1,393,699
Group/Directors Accounts
other short term finances
hp & lease commitments
865,000
885,000
999,000
936,000
1,013,000
28,000
64,000
90,000
3,000
3,000
3,000
7,000
509,953
other current liabilities
41,297,000
42,319,000
40,489,000
32,131,000
30,330,000
25,618,000
24,259,000
15,321,000
10,086,000
8,997,000
4,310,000
4,937,000
4,683,000
4,693,000
4,249,155
total current liabilities
70,112,000
72,242,000
58,126,000
43,282,000
49,533,000
211,469,000
71,379,000
41,300,000
23,970,000
24,758,000
12,815,000
10,524,000
8,049,000
7,271,000
6,202,099
loans
417,758,000
149,650,000
15,148,000
8,630,000
540,972,000
327,774,000
175,294,000
152,466,000
107,418,000
62,962,000
36,618,000
19,716,000
16,506,000
426,690
hp & lease commitments
14,980,000
11,476,000
7,574,000
4,315,000
2,950,000
1,000
14,000
64,000
6,000
10,000
13,000
3,973,423
Accruals and Deferred Income
other liabilities
1,386,000
1,280,000
750,000
554,011
provisions
40,174,000
31,058,000
25,994,000
17,022,000
27,558,000
24,140,000
19,848,000
15,770,000
12,278,000
8,790,000
6,790,000
5,020,000
3,746,000
1,928,000
559,488
total long term liabilities
230,352,000
91,634,000
21,321,000
12,826,000
284,265,000
12,070,000
173,811,000
95,532,000
82,372,000
58,104,000
34,876,000
20,819,000
11,731,000
9,217,000
5,513,612
total liabilities
300,464,000
163,876,000
79,447,000
56,108,000
333,798,000
223,539,000
245,190,000
136,832,000
106,342,000
82,862,000
47,691,000
31,343,000
19,780,000
16,488,000
11,715,711
net assets
507,750,000
533,486,000
553,790,000
406,442,000
329,387,000
223,577,000
181,557,000
226,133,000
227,621,000
66,416,000
47,385,000
34,409,000
22,592,000
16,596,000
12,456,000
1,527,000
1,537,566
total shareholders funds
507,750,000
533,486,000
553,790,000
406,442,000
329,387,000
223,577,000
181,557,000
226,133,000
227,621,000
66,416,000
47,385,000
34,409,000
22,592,000
16,596,000
12,456,000
1,527,000
1,537,566
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Jun 2020
Dec 2019
Jun 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
29,466,000
20,090,000
13,516,000
199,618,000
201,712,367
13,749,000
17,094,173
11,085,000
22,605,000
30,001,175
19,493,000
13,003,000
8,834,000
7,176,000
4,482,000
2,042,000
1,636,909
Depreciation
39,447,000
33,075,000
28,838,000
29,057,000
35,174,000
27,408,000
14,061,000
9,977,000
6,816,000
4,526,000
2,754,000
956,000
956,000
598,000
366,267
Amortisation
5,049,000
4,152,000
4,060,000
2,957,000
1,483,000
2,597,000
2,150,000
1,991,000
1,459,000
1,155,000
262,000
235,000
235,000
249,000
Tax
-4,754,000
-1,084,000
-4,501,000
-1,485,000
-1,465,000
141,000
-887,000
-3,306,000
-2,998,000
-2,463,000
-2,143,000
-896,000
-914,000
-1,121,000
-367,000
-427,717
Stock
81,000
-22,622,000
-4,670,000
5,589,000
-22,061,000
10,800,000
-11,261,000
-5,314,000
10,454,000
5,022,000
-112,000
-1,293,000
2,131,000
290,000
83,000
Debtors
-1,064,000
16,000,000
10,798,000
-9,433,000
260,854,000
16,875,000
130,345,000
5,166,000
9,454,000
5,316,000
1,689,000
3,318,000
3,008,000
1,519,000
384,000
-770,155
1,958,155
Creditors
-5,040,000
11,809,000
6,423,000
-6,251,000
-16,466,000
2,631,000
-13,835,000
-10,088,000
12,502,000
6,097,000
-2,443,000
3,198,000
1,135,000
1,399,000
467,000
174,301
1,393,699
Accruals and Deferred Income
-1,022,000
1,830,000
8,358,000
1,801,000
-30,330,000
4,712,000
-25,618,000
1,359,000
8,938,000
5,235,000
1,089,000
4,687,000
-627,000
254,000
-10,000
443,845
4,249,155
Deferred Taxes & Provisions
9,116,000
5,064,000
8,972,000
-10,536,000
-27,558,000
3,418,000
-24,140,000
4,292,000
4,078,000
3,492,000
3,488,000
2,000,000
1,770,000
1,274,000
1,818,000
1,368,512
559,488
Cash flow from operations
73,245,000
81,558,000
59,538,000
219,005,000
-111,434,633
32,027,000
-165,441,827
35,914,000
41,120,000
43,457,175
25,862,000
24,401,000
8,093,000
8,571,000
6,360,000
5,278,813
5,819,646
Investing Activities
capital expenditure
-152,487,000
-204,616,000
-120,024,000
48,730,000
436,708,000
-99,018,000
374,347,000
-124,424,000
-122,805,000
-48,590,000
-41,523,000
-49,745,000
-24,396,000
-15,965,000
-9,724,000
-5,394,232
-6,023,154
Change in Investments
1,178,000
1,905,000
20,541,000
20,095,000
-43,000
35,000
83,000
-20,000
20,000
cash flow from investments
-153,665,000
-206,521,000
-120,024,000
48,730,000
416,167,000
-99,018,000
354,252,000
-124,381,000
-122,805,000
-48,625,000
-41,523,000
-49,828,000
-24,396,000
-15,965,000
-9,724,000
-5,374,232
-6,043,154
Financing Activities
Bank loans
-23,197,000
8,667,000
6,034,000
592,000
3,971,000
1,783,000
822,000
336,000
954,282
37,718
Group/Directors Accounts
Other Short Term Loans
Long term loans
268,108,000
134,502,000
6,518,000
-532,342,000
-540,972,000
540,972,000
-327,774,000
152,480,000
22,828,000
45,048,000
44,456,000
26,344,000
16,902,000
3,210,000
16,079,310
426,690
Hire Purchase and Lease Commitments
3,484,000
3,788,000
3,322,000
1,288,000
-3,963,000
3,963,000
-29,000
-49,000
-76,000
145,000
-4,000
-3,000
9,000
-4,476,376
4,483,376
other long term liabilities
106,000
530,000
750,000
-554,011
554,011
share issue
3,297,000
2,417,000
172,616,000
1,612,000
-44,190,000
526,000
-53,811,000
191,000
150,574,000
6,931,000
538,000
5,116,000
967,000
244,000
8,919,000
-566
528,224
interest
-11,527,000
-3,949,000
-5,223,000
-4,654,000
-8,287,000
-5,734,000
-4,116,000
-2,325,000
-2,115,000
-1,985,000
-1,096,000
-706,000
-494,000
-250,000
-199,850
cash flow from financing
263,468,000
137,288,000
177,983,000
-534,096,000
-589,125,000
537,174,000
-53,811,000
-356,514,000
307,576,000
33,419,000
43,987,000
51,703,000
27,994,000
17,259,000
11,980,000
11,752,639
5,830,169
cash and cash equivalents
cash
-5,730,000
-85,909,000
77,123,000
-8,229,000
-50,092,000
20,065,000
-30,027,000
-120,573,000
142,601,000
2,288,000
1,426,000
2,212,000
-4,382,000
-862,000
5,482,000
1,242,746
592,254
overdraft
3,952,000
591,000
-1,724,000
-1,724,000
-170,292,000
-172,016,000
172,016,000
-11,000
-574
11,574
change in cash
-9,682,000
-86,500,000
77,123,000
-6,505,000
-48,368,000
190,357,000
141,989,000
-292,589,000
142,601,000
2,288,000
1,426,000
2,212,000
-4,382,000
-862,000
5,493,000
1,243,320
580,680
smart metering systems 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 smart metering systems limited. Get real-time insights into smart metering systems limited's credit score, group structure and payment trends.
Smart Metering Systems Limited Competitor Analysis
Perform a competitor analysis for smart metering systems limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in G 2 area or any other competitors across 12 key performance metrics.
smart metering systems limited Ownership
SMART METERING SYSTEMS LIMITED group structure
Smart Metering Systems Limited has 33 subsidiary companies.
The sole shareholder of Smart Metering Systems Limited is Sienna Bidco Limited Duo.
sienna bidco limited duo
100%
smart metering systems limited directors
Smart Metering Systems Limited currently has 6 directors.
The longest serving directors include
Mr Timothy Mortlock (Sep 2019) and
Mr Timothy Mortlock (Sep 2019).
82990 - Other business support service activities n.e.c.
incorporation date
October 2009
age
16
incorporated
UK
ultimate parent company
SIENNA MIDCO 1 LTD
accounts
Group
last accounts submitted
December 2023
previous names
smart metering systems plc (June 2024)
smart metering systems limited (June 2011)
accountant
-
auditor
ERNST & YOUNG LLP
address
second floor 48, st. vincent street, glasgow, G2 5TS
Bank
-
Legal Advisor
-
smart metering 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 7 charges/mortgages relating to smart metering systems limited. Currently there are 3 open charges and 4 have been satisfied in the past.
smart metering 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.
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smart metering systems limitedCompanies House Filings - See Documents
