safedeposits scotland limited
safedeposits scotland limited Company Information
Company Number
SC405020
Next Accounts
Dec 2025
Shareholders
-
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
safedeposits scotland, first floor, glasgow, G2 2ND
Website
www.safedepositsscotland.comsafedeposits scotland limited Estimated Valuation
Pomanda estimates the enterprise value of SAFEDEPOSITS SCOTLAND LIMITED at £5.2m based on a Turnover of £3.9m and 1.32x industry multiple (adjusted for size and gross margin).
safedeposits scotland limited Estimated Valuation
Pomanda estimates the enterprise value of SAFEDEPOSITS SCOTLAND LIMITED at £3.6m based on an EBITDA of £799.2k and a 4.57x industry multiple (adjusted for size and gross margin).
safedeposits scotland limited Estimated Valuation
Pomanda estimates the enterprise value of SAFEDEPOSITS SCOTLAND LIMITED at £4.2m based on Net Assets of £3.2m and 1.31x industry multiple (adjusted for liquidity).
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Safedeposits Scotland Limited Overview
Safedeposits Scotland Limited is a live company located in glasgow, G2 2ND with a Companies House number of SC405020. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2011, it's largest shareholder is unknown. Safedeposits Scotland Limited is a established, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.
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Safedeposits Scotland Limited Health Check
Pomanda's financial health check has awarded Safedeposits Scotland Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£5.3m)
- Safedeposits Scotland Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.7%)
- Safedeposits Scotland Limited
6.7% - Industry AVG
Production
with a gross margin of 55.7%, this company has a comparable cost of product (55.7%)
- Safedeposits Scotland Limited
55.7% - Industry AVG
Profitability
an operating margin of 19.7% make it more profitable than the average company (9.1%)
- Safedeposits Scotland Limited
9.1% - Industry AVG
Employees
with 23 employees, this is above the industry average (12)
23 - Safedeposits Scotland Limited
12 - Industry AVG
Pay Structure
on an average salary of £79.9k, the company has an equivalent pay structure (£79.9k)
- Safedeposits Scotland Limited
£79.9k - Industry AVG
Efficiency
resulting in sales per employee of £170.8k, this is less efficient (£216.7k)
- Safedeposits Scotland Limited
£216.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Safedeposits Scotland Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (41 days)
- Safedeposits Scotland Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Safedeposits Scotland Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 162 weeks, this is more cash available to meet short term requirements (29 weeks)
162 weeks - Safedeposits Scotland Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.1%, this is a lower level of debt than the average (69.3%)
17.1% - Safedeposits Scotland Limited
69.3% - Industry AVG
SAFEDEPOSITS SCOTLAND LIMITED financials
Safedeposits Scotland Limited's latest turnover from March 2024 is estimated at £3.9 million and the company has net assets of £3.2 million. According to their latest financial statements, Safedeposits Scotland Limited has 23 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,345,366 | 416,099 | |||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | 31,392 | -518,173 | |||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | 9,706 | 9,327 | |||||||||||
| Pre-Tax Profit | 41,098 | -508,846 | |||||||||||
| Tax | -23,374 | 115,243 | |||||||||||
| Profit After Tax | 17,724 | -393,603 | |||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | 17,724 | -393,603 | |||||||||||
| Employee Costs | 460,650 | 422,730 | 440,474 | 315,159 | 227,295 | ||||||||
| Number Of Employees | 23 | 20 | 21 | 20 | 20 | 18 | 19 | 18 | 16 | 11 | 6 | ||
| EBITDA* | 33,213 | -518,173 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 71,147 | 25,587 | 17,498 | 24,946 | 26,199 | 12,474 | 20,139 | 39,345 | 69,148 | 35,071 | 16,324 | ||
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 71,147 | 25,587 | 17,498 | 24,946 | 26,199 | 12,474 | 20,139 | 39,345 | 69,148 | 35,071 | 16,324 | ||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 100 | 265,529 | |||||||||||
| Group Debtors | |||||||||||||
| Misc Debtors | 1,791,457 | 1,582,917 | 1,256,236 | 1,491,801 | 1,098,257 | 790,078 | 574,774 | 376,370 | 232,372 | 322,464 | 268,436 | ||
| Cash | 2,034,721 | 1,249,333 | 1,286,280 | 802,507 | 777,013 | 773,216 | 538,129 | 377,871 | 248,231 | 62,878 | 41,662 | 27,234 | |
| misc current assets | |||||||||||||
| total current assets | 3,826,178 | 2,832,250 | 2,542,516 | 2,294,308 | 1,875,270 | 1,563,294 | 1,112,903 | 754,241 | 480,703 | 328,407 | 364,126 | 295,670 | |
| total assets | 3,897,325 | 2,857,837 | 2,560,014 | 2,319,254 | 1,901,469 | 1,575,768 | 1,133,042 | 793,586 | 549,851 | 363,478 | 380,450 | 295,670 | |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 41,627 | 656 | 13,096 | 6,085 | 10,540 | 9,804 | 8,599 | 8,845 | 9,940 | 4,002 | 1,396 | 8,661 | |
| Group/Directors Accounts | 177,632 | 64,428 | 69,803 | 50,923 | 57,367 | 53,012 | 43,604 | 45,547 | 41,744 | 253,433 | 28,908 | 128,511 | |
| other short term finances | 54,285 | 68,441 | |||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 430,283 | 168,789 | 157,514 | 209,256 | 172,563 | 185,135 | 159,290 | 160,447 | 174,544 | 75,675 | 71,740 | 30,917 | |
| total current liabilities | 649,542 | 233,873 | 240,413 | 266,264 | 240,470 | 247,951 | 211,493 | 214,839 | 226,228 | 333,110 | 156,329 | 236,530 | |
| loans | 600,000 | 452,743 | |||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | 15,286 | 34,947 | 655 | 1,168 | 426 | 4,475 | 5,596 | ||||||
| total long term liabilities | 15,286 | 34,947 | 655 | 1,168 | 426 | 4,475 | 5,596 | 600,000 | 452,743 | ||||
| total liabilities | 664,828 | 268,820 | 241,068 | 267,432 | 240,896 | 247,951 | 211,493 | 214,839 | 230,703 | 338,706 | 756,329 | 689,273 | |
| net assets | 3,232,497 | 2,589,017 | 2,318,946 | 2,051,822 | 1,660,573 | 1,327,817 | 921,549 | 578,747 | 319,148 | 24,772 | -375,879 | -393,603 | |
| total shareholders funds | 3,232,497 | 2,589,017 | 2,318,946 | 2,051,822 | 1,660,573 | 1,327,817 | 921,549 | 578,747 | 319,148 | 24,772 | -375,879 | -393,603 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 31,392 | -518,173 | |||||||||||
| Depreciation | 27,431 | 2,373 | 16,991 | 15,988 | 16,782 | 20,917 | 26,841 | 32,468 | 20,375 | 12,736 | 1,821 | ||
| Amortisation | |||||||||||||
| Tax | -23,374 | 115,243 | |||||||||||
| Stock | |||||||||||||
| Debtors | 208,540 | 326,681 | -235,565 | 393,544 | 308,179 | 215,304 | 198,404 | 143,898 | -33,057 | -56,935 | 54,028 | 268,436 | |
| Creditors | 40,971 | -12,440 | 7,011 | -4,455 | 736 | 1,205 | -246 | -1,095 | 5,938 | 2,606 | -7,265 | 8,661 | |
| Accruals and Deferred Income | 261,494 | 11,275 | -51,742 | 36,693 | -12,572 | 25,845 | -1,157 | -14,097 | 98,869 | 3,935 | 40,823 | 30,917 | |
| Deferred Taxes & Provisions | -19,661 | 34,292 | -513 | 742 | 426 | -4,475 | -1,121 | 5,596 | |||||
| Cash flow from operations | -10,631 | -631,788 | |||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | 113,204 | -5,375 | 18,880 | -6,444 | 4,355 | 9,408 | -1,943 | 3,803 | -211,689 | 224,525 | -99,603 | 128,511 | |
| Other Short Term Loans | -54,285 | -14,156 | 68,441 | ||||||||||
| Long term loans | -600,000 | 147,257 | 452,743 | ||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | 9,706 | 9,327 | |||||||||||
| cash flow from financing | 43,204 | 659,022 | |||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 785,388 | -36,947 | 483,773 | 25,494 | 3,797 | 235,087 | 160,258 | 129,640 | 185,353 | 21,216 | 14,428 | 27,234 | |
| overdraft | |||||||||||||
| change in cash | 785,388 | -36,947 | 483,773 | 25,494 | 3,797 | 235,087 | 160,258 | 129,640 | 185,353 | 21,216 | 14,428 | 27,234 |
safedeposits scotland limited Credit Report and Business Information
Safedeposits Scotland Limited Competitor Analysis
Perform a competitor analysis for safedeposits scotland limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in G 2 area or any other competitors across 12 key performance metrics.
safedeposits scotland limited Ownership
SAFEDEPOSITS SCOTLAND LIMITED group structure
Safedeposits Scotland Limited has no subsidiary companies.
Ultimate parent company
SAFEDEPOSITS SCOTLAND LIMITED
SC405020
safedeposits scotland limited directors
Safedeposits Scotland Limited currently has 4 directors. The longest serving directors include Mr John Blackwood (Jul 2012) and Mr Stephen Harriott (Dec 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Blackwood | 53 years | Jul 2012 | - | Director | |
| Mr Stephen Harriott | 65 years | Dec 2014 | - | Director | |
| Mr Ian Potter | Scotland | 76 years | Aug 2016 | - | Director |
| Mr Nathan Emerson | England | 50 years | Sep 2022 | - | Director |
P&L
March 2024turnover
3.9m
+26%
operating profit
771.8k
0%
gross margin
55.7%
-4.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.2m
+0.25%
total assets
3.9m
+0.36%
cash
2m
+0.63%
net assets
Total assets minus all liabilities
safedeposits scotland limited company details
company number
SC405020
Type
Private Ltd By Guarantee w/o Share Cap
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
GRANT THORNTON UK LLP
auditor
-
address
safedeposits scotland, first floor, glasgow, G2 2ND
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
safedeposits scotland 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 did not find charges/mortgages relating to safedeposits scotland limited.
safedeposits scotland 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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safedeposits scotland limited Companies House Filings - See Documents
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