smart metering systems limited

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smart metering systems limited Company Information

Share SMART METERING SYSTEMS LIMITED

Company Number

SC367563

Shareholders

sienna bidco limited duo

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

second floor 48, st. vincent street, glasgow, G2 5TS

smart metering systems limited Estimated Valuation

£253.4m

Pomanda estimates the enterprise value of SMART METERING SYSTEMS LIMITED at £253.4m based on a Turnover of £172.8m and 1.47x industry multiple (adjusted for size and gross margin).

smart metering systems limited Estimated Valuation

£794m

Pomanda estimates the enterprise value of SMART METERING SYSTEMS LIMITED at £794m based on an EBITDA of £74m and a 10.74x industry multiple (adjusted for size and gross margin).

smart metering systems limited Estimated 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 Limited Overview

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.

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Smart Metering Systems Limited Health Check

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 Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

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

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.7%)

19% - Smart Metering Systems Limited

6.7% - Industry AVG

production

Production

with a gross margin of 53.6%, this company has a lower cost of product (38.2%)

53.6% - Smart Metering Systems Limited

38.2% - Industry AVG

profitability

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

Employees

with 1402 employees, this is above the industry average (27)

1402 - Smart Metering Systems Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.7k, the company has an equivalent pay structure (£53.9k)

£53.7k - Smart Metering Systems Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £123.2k, this is less efficient (£171.3k)

£123.2k - Smart Metering Systems Limited

£171.3k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.2%, this is a lower level of debt than the average (62.6%)

37.2% - Smart Metering Systems Limited

62.6% - Industry AVG

SMART METERING SYSTEMS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover172,756,000139,200,000108,480,000102,982,000114,281,00098,492,00079,593,00067,188,00053,945,00042,386,00027,916,00021,029,00015,964,00012,368,0009,814,256
Other Income Or Grants-4,890,000
Cost Of Sales80,109,00065,498,00049,145,00049,980,00072,217,00056,945,00039,164,00030,257,00023,805,00014,766,00010,101,0007,759,0007,109,0006,876,0005,685,721
Gross Profit92,647,00073,702,00059,335,00048,112,00042,064,00041,547,00040,429,00036,931,00030,140,00027,620,00017,815,00013,270,0008,855,0005,492,0004,128,535
Admin Expenses63,181,00053,612,00045,819,000-151,506,000-201,712,36728,315,000-17,094,17330,462,00017,824,0006,929,82510,647,00014,617,0008,981,0006,094,0004,373,0003,450,0002,491,626
Operating Profit29,466,00020,090,00013,516,000199,618,000201,712,36713,749,00017,094,17311,085,00022,605,00030,001,17519,493,00013,003,0008,834,0007,176,0004,482,0002,042,0001,636,909
Interest Payable12,592,0004,404,0005,230,0004,843,0008,565,0005,958,0004,137,0002,327,0002,142,0002,015,0001,122,000739,000535,000250,000201,185
Interest Receivable1,065,000455,0007,000189,000278,000224,00021,0002,00027,00030,00026,00033,00041,0001,335
Pre-Tax Profit17,117,00015,955,0008,293,000194,964,000150,000,0005,462,0009,094,0005,351,00017,965,00018,243,00017,465,00011,018,0007,471,0005,227,0003,311,000857,0001,437,059
Tax-4,754,000-1,084,000-4,501,000-1,485,000-1,465,000141,000-887,000-3,306,000-2,998,000-2,463,000-2,143,000-896,000-914,000-1,121,000-367,000-427,717
Profit After Tax12,363,00014,871,0003,792,000193,479,000150,000,0003,997,0009,235,0004,464,00014,659,00015,245,00015,002,0008,875,0006,575,0004,313,0002,190,000490,0001,009,342
Dividends Paid41,396,00037,592,00029,060,00012,226,0007,079,0006,143,0004,028,0003,145,0002,564,0002,174,0001,546,000417,000180,000500,000
Retained Profit-29,033,000-22,721,000-25,268,000181,253,000150,000,000-3,082,0009,235,000-1,679,00010,631,00012,100,00012,438,0006,701,0005,029,0003,896,0002,010,000-10,0001,009,342
Employee Costs75,300,00067,935,00049,894,00045,856,00042,23146,014,00041,89934,894,00030,224,00021,478,00010,762,0008,794,0004,474,0002,484,0001,965,0001,676,0001,184,829
Number Of Employees1,4021,3611,1251,12311,22519157917143102479668423523
EBITDA*73,962,00057,317,00046,414,000231,632,000201,712,36750,406,00017,094,17341,090,00038,816,00041,969,17527,768,00018,684,00011,850,0008,367,0005,673,0002,889,0002,003,176

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets692,604,000584,647,000417,627,000331,041,000412,965,000357,209,000266,058,000158,723,000126,684,00092,532,00057,382,00036,104,00021,361,00012,982,0008,302,804
Intangible Assets25,866,00025,832,00025,463,00024,923,00023,743,00017,138,00013,870,00014,611,00010,028,00010,932,0002,018,0001,916,0001,885,0001,731,0001,862,964
Investments & Other3,158,0001,980,00075,00075,00020,616,00075,00020,170,00075,000118,000118,00083,00083,00020,000
Debtors (Due After 1 year)2,773,00012,347,0001,651,0001,320,000232,000402,000594,000628,000901,0001,172,00030,166
Total Fixed Assets718,470,000610,479,000443,090,000354,656,00020,616,000436,708,00020,170,000374,347,000279,928,000173,334,000136,712,000103,464,00059,400,00038,020,00023,246,00014,713,00010,215,934
Stock & work in progress439,000358,00022,980,00027,650,00022,061,00011,261,00016,575,0006,121,0001,099,0001,211,0002,504,000373,00083,000
Trade Debtors34,014,00025,297,00022,451,00020,272,000308,771,00028,596,000161,387,00028,036,00020,771,00012,858,0009,960,0007,232,0005,211,0001,270,000480,000330,000838,211
Group Debtors
Misc Debtors27,431,00027,638,00025,180,00016,892,00019,089,0002,604,0004,511,0002,936,000245,0001,013,000888,0001,821,0001,092,000858,0001,089,778
Cash27,347,00033,077,000118,986,00041,863,00050,092,00030,027,000150,600,0007,999,0005,711,0004,285,0002,073,0006,455,0007,317,0001,835,000592,254
misc current assets550,000641,0003,397,000426,00066,000207,00018,000279,000517,100
total current assets89,744,00086,883,000190,147,000107,894,000308,771,000120,667,000161,387,00075,325,000192,883,00029,914,00017,015,00013,807,00010,883,0009,919,0008,990,0003,302,0003,037,343
total assets808,214,000697,362,000633,237,000462,550,000329,387,000557,375,000181,557,000449,672,000472,811,000203,248,000153,727,000117,271,00070,283,00047,939,00032,236,00018,015,00013,253,277
Bank overdraft4,543,000591,0001,724,000172,016,00011,00011,574
Bank loan23,197,00014,530,0008,496,0007,904,0003,933,0002,150,0001,328,000992,00037,718
Trade Creditors 23,407,00028,447,00016,638,00010,215,00016,466,00013,835,00023,923,00011,421,0005,324,0007,767,0004,569,0003,434,0002,035,0001,568,0001,393,699
Group/Directors Accounts
other short term finances
hp & lease commitments865,000885,000999,000936,0001,013,00028,00064,00090,0003,0003,0003,0007,000509,953
other current liabilities41,297,00042,319,00040,489,00032,131,00030,330,00025,618,00024,259,00015,321,00010,086,0008,997,0004,310,0004,937,0004,683,0004,693,0004,249,155
total current liabilities70,112,00072,242,00058,126,00043,282,00049,533,000211,469,00071,379,00041,300,00023,970,00024,758,00012,815,00010,524,0008,049,0007,271,0006,202,099
loans417,758,000149,650,00015,148,0008,630,000540,972,000327,774,000175,294,000152,466,000107,418,00062,962,00036,618,00019,716,00016,506,000426,690
hp & lease commitments14,980,00011,476,0007,574,0004,315,0002,950,0001,00014,00064,0006,00010,00013,0003,973,423
Accruals and Deferred Income
other liabilities1,386,0001,280,000750,000554,011
provisions40,174,00031,058,00025,994,00017,022,00027,558,00024,140,00019,848,00015,770,00012,278,0008,790,0006,790,0005,020,0003,746,0001,928,000559,488
total long term liabilities230,352,00091,634,00021,321,00012,826,000284,265,00012,070,000173,811,00095,532,00082,372,00058,104,00034,876,00020,819,00011,731,0009,217,0005,513,612
total liabilities300,464,000163,876,00079,447,00056,108,000333,798,000223,539,000245,190,000136,832,000106,342,00082,862,00047,691,00031,343,00019,780,00016,488,00011,715,711
net assets507,750,000533,486,000553,790,000406,442,000329,387,000223,577,000181,557,000226,133,000227,621,00066,416,00047,385,00034,409,00022,592,00016,596,00012,456,0001,527,0001,537,566
total shareholders funds507,750,000533,486,000553,790,000406,442,000329,387,000223,577,000181,557,000226,133,000227,621,00066,416,00047,385,00034,409,00022,592,00016,596,00012,456,0001,527,0001,537,566
Dec 2023Dec 2022Dec 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit29,466,00020,090,00013,516,000199,618,000201,712,36713,749,00017,094,17311,085,00022,605,00030,001,17519,493,00013,003,0008,834,0007,176,0004,482,0002,042,0001,636,909
Depreciation39,447,00033,075,00028,838,00029,057,00035,174,00027,408,00014,061,0009,977,0006,816,0004,526,0002,754,000956,000956,000598,000366,267
Amortisation5,049,0004,152,0004,060,0002,957,0001,483,0002,597,0002,150,0001,991,0001,459,0001,155,000262,000235,000235,000249,000
Tax-4,754,000-1,084,000-4,501,000-1,485,000-1,465,000141,000-887,000-3,306,000-2,998,000-2,463,000-2,143,000-896,000-914,000-1,121,000-367,000-427,717
Stock81,000-22,622,000-4,670,0005,589,000-22,061,00010,800,000-11,261,000-5,314,00010,454,0005,022,000-112,000-1,293,0002,131,000290,00083,000
Debtors-1,064,00016,000,00010,798,000-9,433,000260,854,00016,875,000130,345,0005,166,0009,454,0005,316,0001,689,0003,318,0003,008,0001,519,000384,000-770,1551,958,155
Creditors-5,040,00011,809,0006,423,000-6,251,000-16,466,0002,631,000-13,835,000-10,088,00012,502,0006,097,000-2,443,0003,198,0001,135,0001,399,000467,000174,3011,393,699
Accruals and Deferred Income-1,022,0001,830,0008,358,0001,801,000-30,330,0004,712,000-25,618,0001,359,0008,938,0005,235,0001,089,0004,687,000-627,000254,000-10,000443,8454,249,155
Deferred Taxes & Provisions9,116,0005,064,0008,972,000-10,536,000-27,558,0003,418,000-24,140,0004,292,0004,078,0003,492,0003,488,0002,000,0001,770,0001,274,0001,818,0001,368,512559,488
Cash flow from operations73,245,00081,558,00059,538,000219,005,000-111,434,63332,027,000-165,441,82735,914,00041,120,00043,457,17525,862,00024,401,0008,093,0008,571,0006,360,0005,278,8135,819,646
Investing Activities
capital expenditure-152,487,000-204,616,000-120,024,00048,730,000436,708,000-99,018,000374,347,000-124,424,000-122,805,000-48,590,000-41,523,000-49,745,000-24,396,000-15,965,000-9,724,000-5,394,232-6,023,154
Change in Investments1,178,0001,905,00020,541,00020,095,000-43,00035,00083,000-20,00020,000
cash flow from investments-153,665,000-206,521,000-120,024,00048,730,000416,167,000-99,018,000354,252,000-124,381,000-122,805,000-48,625,000-41,523,000-49,828,000-24,396,000-15,965,000-9,724,000-5,374,232-6,043,154
Financing Activities
Bank loans-23,197,0008,667,0006,034,000592,0003,971,0001,783,000822,000336,000954,28237,718
Group/Directors Accounts
Other Short Term Loans
Long term loans268,108,000134,502,0006,518,000-532,342,000-540,972,000540,972,000-327,774,000152,480,00022,828,00045,048,00044,456,00026,344,00016,902,0003,210,00016,079,310426,690
Hire Purchase and Lease Commitments3,484,0003,788,0003,322,0001,288,000-3,963,0003,963,000-29,000-49,000-76,000145,000-4,000-3,0009,000-4,476,3764,483,376
other long term liabilities106,000530,000750,000-554,011554,011
share issue3,297,0002,417,000172,616,0001,612,000-44,190,000526,000-53,811,000191,000150,574,0006,931,000538,0005,116,000967,000244,0008,919,000-566528,224
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 financing263,468,000137,288,000177,983,000-534,096,000-589,125,000537,174,000-53,811,000-356,514,000307,576,00033,419,00043,987,00051,703,00027,994,00017,259,00011,980,00011,752,6395,830,169
cash and cash equivalents
cash-5,730,000-85,909,00077,123,000-8,229,000-50,092,00020,065,000-30,027,000-120,573,000142,601,0002,288,0001,426,0002,212,000-4,382,000-862,0005,482,0001,242,746592,254
overdraft3,952,000591,000-1,724,000-1,724,000-170,292,000-172,016,000172,016,000-11,000-57411,574
change in cash-9,682,000-86,500,00077,123,000-6,505,000-48,368,000190,357,000141,989,000-292,589,000142,601,0002,288,0001,426,0002,212,000-4,382,000-862,0005,493,0001,243,320580,680

smart metering systems limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Smart Metering Systems Limited Competitor Analysis

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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 Shareholders

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).

officercountryagestartendrole
Mr Timothy MortlockUnited Kingdom48 years Sep 2019- Director
Mr Timothy MortlockUnited Kingdom48 years Sep 2019- Director
Mrs Gail Blain43 years Dec 2022- Director
Mr Andrew FurzeEngland38 years Mar 2024- Director
Ms Yimei LuoUnited Kingdom38 years Mar 2024- Director
Mr Aadhaar MehraEngland29 years May 2024- Director

P&L

December 2023

turnover

172.8m

+24%

operating profit

29.5m

+47%

gross margin

53.7%

+1.29%

turnover

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

Balance Sheet

December 2023

net assets

507.8m

-0.05%

total assets

808.2m

+0.16%

cash

27.3m

-0.17%

net assets

Total assets minus all liabilities

smart metering systems limited company details

company number

SC367563

Type

Private limited with Share Capital

industry

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 limited Companies House Filings - See Documents

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