Saucer Solutions Ltd

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SOLUTIONS

saucer solutions ltd Company Information

Live

Established

Company Number

SC369084

Next Accounts

Dec 2024

Industry

Agents involved in the sale of timber and building materials

Directors

Ben Letham

Ian Letham

Shareholders

ian letham

ben letham

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Group Structure

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Contact

Registered Address

61 dykehead street, queenslie industrial estate, glasgow, G33 4AQ

Website

www.saucersolutions.com

saucer solutions ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SAUCER SOLUTIONS LTD at £1.1m based on Net Assets of £551.4k and 2.07x industry multiple (adjusted for liquidity).

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Saucer Solutions Ltd is a live company located in glasgow, G33 4AQ with a Companies House number of SC369084. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in November 2009, it's largest shareholder is ian letham with a 51% stake. Saucer Solutions Ltd is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Pomanda's financial health check has awarded Saucer Solutions Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

2 Regular

0 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Saucer Solutions Ltd's latest turnover from March 2023 is 0 and the company has net assets of £551.4 thousand. According to their latest financial statements, Saucer Solutions Ltd has 28 employees and maintains cash reserves of £287.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	0	0	0	0	3,814,091	2,987,434	3,832,420	3,757,716	3,985,009	3,719,014	4,096,137	3,547,998	2,052,648
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	0	0	2,798,368	2,184,300	2,782,580	2,748,897	2,922,997	2,738,731	2,968,852	2,542,141	1,464,359
Gross Profit	0	0	0	0	1,015,723	803,134	1,049,840	1,008,819	1,062,013	980,283	1,127,285	1,005,857	588,289
Admin Expenses	0	0	0	0	978,116	780,131	1,023,481	966,761	1,059,612	1,002,012	1,120,478	918,839	635,776
Operating Profit	0	0	0	0	37,607	23,003	26,359	42,058	2,401	-21,729	6,807	87,018	-47,487
Interest Payable	0	0	0	0	19,794	21,102	21,906	11,771	1,384	0	0	0	0
Interest Receivable	0	0	0	0	94	277	155	139	124	97	158	128	22
Pre-Tax Profit	0	0	0	0	17,907	2,178	4,608	30,425	1,141	-21,632	6,966	87,146	-47,465
Tax	0	0	0	0	-3,402	-414	-921	-6,085	-240	0	-1,672	-22,658	0
Profit After Tax	0	0	0	0	14,505	1,764	3,686	24,340	901	-21,632	5,294	64,488	-47,465
Dividends Paid	240,644	195,710	103,184	88,791	0	0	0	0	0	0	0	0	0
Retained Profit	-240,644	-195,710	-103,184	-88,791	14,505	1,764	3,686	24,340	901	-21,632	5,294	64,488	-47,465
Employee Costs	0	0	0	0	844,233	620,735	552,726	537,481	505,963	513,232	588,727	505,281	285,234
Number Of Employees	28	24	25	26	25	19	18	18	17	18	21	18	11
EBITDA*	65,691	49,379	45,061	46,806	81,283	75,767	84,758	119,793	82,729	36,123	59,134	124,053	-24,338

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	224,434	129,886	109,208	109,106	104,066	98,989	89,092	99,575	172,371	163,939	102,428	106,496	67,995
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	224,434	129,886	109,208	109,106	104,066	98,989	89,092	99,575	172,371	163,939	102,428	106,496	67,995
Stock & work in progress	206,433	226,889	172,244	136,622	109,807	135,009	108,261	91,098	99,727	79,810	109,058	88,125	53,451
Trade Debtors	787,355	989,683	729,478	664,680	673,092	537,747	837,224	812,709	772,354	763,876	818,146	743,759	411,593
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	89,638	110,490	54,629	55,829	45,868	32,542	12,050	78,209	0	0	0	0	0
Cash	287,875	566,962	230,011	118,252	14,714	10,426	100,295	23,590	31,809	17,785	21,008	42,383	8,815
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,371,301	1,894,024	1,186,362	975,383	843,481	715,724	1,057,830	1,005,606	903,890	861,471	948,212	874,267	473,859
total assets	1,595,735	2,023,910	1,295,570	1,084,489	947,547	814,713	1,146,922	1,105,181	1,076,261	1,025,410	1,050,640	980,763	541,854
Bank overdraft	30,000	534,386	374,923	392,705	318,605	267,883	381,402	319,604	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	458,669	626,940	435,835	410,893	350,381	306,994	531,338	428,983	972,097	885,838	940,531	862,117	515,267
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	31,818	10,457	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	315,371	373,464	201,402	201,129	153,291	137,932	144,818	263,265	0	0	0	0	0
total current liabilities	835,858	1,545,247	1,012,160	1,004,727	822,277	712,809	1,057,558	1,011,852	972,097	885,838	940,531	862,117	515,267
loans	67,500	97,500	127,500	0	0	0	0	0	42,595	0	0	0	0
hp & lease commitments	80,844	18,982	0	0	55,940	48,467	38,725	25,595	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	4,000	6,540	30,911	44,139	4,000	4,000	4,000	22,229	25,941	106,648	67,997	80,224	73,952
provisions	56,109	32,472	20,750	20,589	19,349	17,961	16,927	19,479	33,942	32,139	19,695	21,299	0
total long term liabilities	208,453	155,494	179,161	64,728	79,289	70,428	59,652	67,303	102,478	138,787	87,692	101,523	73,952
total liabilities	1,044,311	1,700,741	1,191,321	1,069,455	901,566	783,237	1,117,210	1,079,155	1,074,575	1,024,625	1,028,223	963,640	589,219
net assets	551,424	323,169	104,249	15,034	45,981	31,476	29,712	26,026	1,686	785	22,417	17,123	-47,365
total shareholders funds	551,424	323,169	104,249	15,034	45,981	31,476	29,712	26,026	1,686	785	22,417	17,123	-47,365

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	0	0	0	0	37,607	23,003	26,359	42,058	2,401	-21,729	6,807	87,018	-47,487
Depreciation	65,691	49,379	45,061	46,806	43,676	52,764	58,399	77,735	80,328	57,852	52,327	37,035	23,149
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-3,402	-414	-921	-6,085	-240	0	-1,672	-22,658	0
Stock	-20,456	54,645	35,622	26,815	-25,202	26,748	17,163	-8,629	19,917	-29,248	20,933	34,674	53,451
Debtors	-223,180	316,066	63,598	1,549	148,671	-278,985	-41,644	118,564	8,478	-54,270	74,387	332,166	411,593
Creditors	-168,271	191,105	24,942	60,512	43,387	-224,344	102,355	-543,114	86,259	-54,693	78,414	346,850	515,267
Accruals and Deferred Income	-58,093	172,062	273	47,838	15,359	-6,886	-118,447	263,265	0	0	0	0	0
Deferred Taxes & Provisions	23,637	11,722	161	1,240	1,388	1,034	-2,552	-14,463	1,803	12,444	-1,604	21,299	0
Cash flow from operations	106,600	53,557	-28,783	128,032	14,546	97,394	89,674	-290,539	142,156	77,392	38,952	102,704	25,885
Investing Activities
capital expenditure	-160,239	-70,057	-45,163	-51,846	-48,753	-62,661	-47,916	-4,939	-88,760	-119,363	-48,259	-75,536	-91,144
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-160,239	-70,057	-45,163	-51,846	-48,753	-62,661	-47,916	-4,939	-88,760	-119,363	-48,259	-75,536	-91,144
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-30,000	-30,000	127,500	0	0	0	0	-42,595	42,595	0	0	0	0
Hire Purchase and Lease Commitments	83,223	29,439	0	-55,940	7,473	9,742	13,130	25,595	0	0	0	0	0
other long term liabilities	-2,540	-24,371	-13,228	40,139	0	0	-18,229	-3,712	-80,707	38,651	-12,227	6,272	73,952
share issue	468,899	414,630	192,399	57,844	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	-19,700	-20,825	-21,751	-11,632	-1,260	97	158	128	22
cash flow from financing	519,582	389,698	306,671	42,043	-12,227	-11,083	-26,850	-32,344	-39,372	38,748	-12,069	6,400	74,074
cash and cash equivalents
cash	-279,087	336,951	111,759	103,538	4,288	-89,869	76,705	-8,219	14,024	-3,223	-21,375	33,568	8,815
overdraft	-504,386	159,463	-17,782	74,100	50,722	-113,519	61,798	319,604	0	0	0	0	0
change in cash	225,299	177,488	129,541	29,438	-46,434	23,650	14,907	-327,823	14,024	-3,223	-21,375	33,568	8,815

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 saucer solutions ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other established companies, companies in G33 area or any other competitors across 12 key performance metrics.

SAUCER SOLUTIONS LTD group structure

Saucer Solutions Ltd has no subsidiary companies.

Ultimate parent company

SAUCER SOLUTIONS LTD

SC369084

SAUCER SOLUTIONS LTD Shareholders

ian letham	51%
ben letham	34%
martin gibson	10%
allan anderson	5%

Saucer Solutions Ltd currently has 2 directors. The longest serving directors include Mr Ben Letham (Nov 2009) and Mr Ian Letham (May 2018).

officer	country	age	start	end	role
Mr Ben Letham	Scotland	45 years	Nov 2009	-	Director
Mr Ian Letham		73 years	May 2018	-	Director

P&L

March 2023

turnover

operating profit

gross margin

turnover

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

Balance Sheet

March 2023

net assets

551.4k

+0.71%

total assets

1.6m

-0.21%

cash

287.9k

-0.49%

net assets

Total assets minus all liabilities

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company number

SC369084

Type

Private limited with Share Capital

industry

46130 - Agents involved in the sale of timber and building materials

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

61 dykehead street, queenslie industrial estate, glasgow, G33 4AQ

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 4 charges/mortgages relating to saucer solutions ltd. Currently there are 2 open charges and 2 have been satisfied in the past.

saucer solutions ltd Company Information

saucer solutions ltd Estimated Valuation

saucer solutions ltd Estimated Valuation

saucer solutions ltd Estimated Valuation

Saucer Solutions Ltd Overview

Saucer Solutions Ltd Health Check

SAUCER SOLUTIONS LTD financials

saucer solutions ltd Credit Report and Business Information

Saucer Solutions Ltd Competitor Analysis

saucer solutions ltd Ownership

saucer solutions ltd directors

saucer solutions ltd company details

saucer solutions ltd Charges & Mortgages

saucer solutions ltd Companies House Filings - See Documents