truststream security solutions limited
truststream security solutions limited Company Information
Company Number
SC408502
Next Accounts
Dec 2025
Shareholders
sysgroup plc
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
8th floor, sugar bond house, anderson place, edinburgh, EH6 5NP
Website
www.truststream.co.uktruststream security solutions limited Estimated Valuation
Pomanda estimates the enterprise value of TRUSTSTREAM SECURITY SOLUTIONS LIMITED at £4.1m based on a Turnover of £6.4m and 0.65x industry multiple (adjusted for size and gross margin).
truststream security solutions limited Estimated Valuation
Pomanda estimates the enterprise value of TRUSTSTREAM SECURITY SOLUTIONS LIMITED at £1.9m based on an EBITDA of £405.9k and a 4.59x industry multiple (adjusted for size and gross margin).
truststream security solutions limited Estimated Valuation
Pomanda estimates the enterprise value of TRUSTSTREAM SECURITY SOLUTIONS LIMITED at £2.4m based on Net Assets of £1m and 2.29x industry multiple (adjusted for liquidity).
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Truststream Security Solutions Limited Overview
Truststream Security Solutions Limited is a live company located in edinburgh, EH6 5NP with a Companies House number of SC408502. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2011, it's largest shareholder is sysgroup plc with a 100% stake. Truststream Security Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.4m with unknown growth in recent years.
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Truststream Security Solutions Limited Health Check
Pomanda's financial health check has awarded Truststream Security Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £6.4m, make it larger than the average company (£1.4m)
£6.4m - Truststream Security Solutions Limited
£1.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Truststream Security Solutions Limited
- - Industry AVG
Production
with a gross margin of 32%, this company has a higher cost of product (44.1%)
32% - Truststream Security Solutions Limited
44.1% - Industry AVG
Profitability
an operating margin of 5.8% make it as profitable than the average company (6%)
5.8% - Truststream Security Solutions Limited
6% - Industry AVG
Employees
with 10 employees, this is similar to the industry average (12)
10 - Truststream Security Solutions Limited
12 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has an equivalent pay structure (£59.5k)
£51.6k - Truststream Security Solutions Limited
£59.5k - Industry AVG
Efficiency
resulting in sales per employee of £636.7k, this is more efficient (£130.1k)
£636.7k - Truststream Security Solutions Limited
£130.1k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (62 days)
8 days - Truststream Security Solutions Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (28 days)
18 days - Truststream Security Solutions Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Truststream Security Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (17 weeks)
8 weeks - Truststream Security Solutions Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.2%, this is a higher level of debt than the average (55.5%)
80.2% - Truststream Security Solutions Limited
55.5% - Industry AVG
TRUSTSTREAM SECURITY SOLUTIONS LIMITED financials
Truststream Security Solutions Limited's latest turnover from March 2024 is £6.4 million and the company has net assets of £1 million. According to their latest financial statements, Truststream Security Solutions Limited has 10 employees and maintains cash reserves of £701.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,367,270 | 4,934,016 | 4,618,402 | |||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 4,327,633 | 3,420,573 | 3,011,421 | |||||||||
| Gross Profit | 2,039,637 | 1,513,443 | 1,606,981 | |||||||||
| Admin Expenses | 1,670,089 | 1,220,289 | 605,118 | |||||||||
| Operating Profit | 369,548 | 293,154 | 1,001,863 | |||||||||
| Interest Payable | 4,536 | 4,563 | ||||||||||
| Interest Receivable | 10,274 | |||||||||||
| Pre-Tax Profit | 365,012 | 288,591 | 1,012,137 | |||||||||
| Tax | 22,858 | -42,940 | -209,222 | |||||||||
| Profit After Tax | 387,870 | 245,651 | 802,915 | |||||||||
| Dividends Paid | 470,000 | |||||||||||
| Retained Profit | 387,870 | 245,651 | 332,915 | |||||||||
| Employee Costs | 516,145 | 474,927 | 371,504 | |||||||||
| Number Of Employees | 10 | 10 | 10 | 9 | 8 | 6 | ||||||
| EBITDA* | 405,894 | 319,145 | 1,004,394 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,410 | 782 | 3,313 | 5,012 | 393 | 76 | 1,180 | 1,573 | 824 | 1,235 | ||
| Intangible Assets | 119,770 | 155,962 | ||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 121,180 | 155,962 | 782 | 3,313 | 5,012 | 393 | 76 | 1,180 | 1,573 | 824 | 1,235 | |
| Stock & work in progress | 15,510 | |||||||||||
| Trade Debtors | 145,064 | 441,444 | 358,791 | 779,937 | 437,371 | 354,505 | 247,095 | 165,897 | 236,160 | 136,398 | 32,901 | 50,250 |
| Group Debtors | 3,202,968 | 1,740,580 | ||||||||||
| Misc Debtors | 1,135,504 | 1,264,845 | ||||||||||
| Cash | 701,488 | 2,223,175 | 663,160 | 56,372 | 15,828 | |||||||
| misc current assets | ||||||||||||
| total current assets | 5,185,024 | 4,405,199 | 2,286,796 | 779,937 | 437,371 | 354,505 | 247,095 | 165,897 | 236,160 | 136,398 | 104,783 | 66,078 |
| total assets | 5,306,204 | 4,561,161 | 2,287,578 | 783,250 | 442,383 | 354,898 | 247,171 | 167,077 | 237,733 | 137,222 | 106,018 | 66,078 |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 218,974 | 132,444 | 19,899 | 306,484 | 327,912 | 233,609 | 132,649 | 101,358 | 127,570 | 67,240 | 57,680 | 25,723 |
| Group/Directors Accounts | 1,964,575 | 649,013 | ||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | 26,304 | 26,304 | ||||||||||
| other current liabilities | 1,972,471 | 2,994,007 | 1,852,511 | |||||||||
| total current liabilities | 4,182,324 | 3,801,768 | 1,872,410 | 306,484 | 327,912 | 233,609 | 132,649 | 101,358 | 127,570 | 67,240 | 57,680 | 25,723 |
| loans | ||||||||||||
| hp & lease commitments | 72,269 | 98,574 | ||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 2,922 | |||||||||||
| total long term liabilities | 75,191 | 98,574 | ||||||||||
| total liabilities | 4,257,515 | 3,900,342 | 1,872,410 | 306,484 | 327,912 | 233,609 | 132,649 | 101,358 | 127,570 | 67,240 | 57,680 | 25,723 |
| net assets | 1,048,689 | 660,819 | 415,168 | 476,766 | 114,471 | 121,289 | 114,522 | 65,719 | 110,163 | 69,982 | 48,338 | 40,355 |
| total shareholders funds | 1,048,689 | 660,819 | 415,168 | 476,766 | 114,471 | 121,289 | 114,522 | 65,719 | 110,163 | 69,982 | 48,338 | 40,355 |
| Mar 2024 | Mar 2023 | Mar 2022 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 369,548 | 293,154 | 1,001,863 | |||||||||
| Depreciation | 36,346 | 25,991 | 2,531 | 411 | ||||||||
| Amortisation | ||||||||||||
| Tax | 22,858 | -42,940 | -209,222 | |||||||||
| Stock | -15,510 | 15,510 | ||||||||||
| Debtors | 2,301,512 | 558,388 | 1,623,636 | 342,566 | 82,866 | 107,410 | 81,198 | -70,263 | 99,762 | 103,497 | -17,349 | 50,250 |
| Creditors | 86,530 | 112,545 | 19,899 | -21,428 | 94,303 | 100,960 | 31,291 | -26,212 | 60,330 | 9,560 | 31,957 | 25,723 |
| Accruals and Deferred Income | -1,021,536 | 1,141,496 | 1,852,511 | |||||||||
| Deferred Taxes & Provisions | 2,922 | |||||||||||
| Cash flow from operations | -2,804,844 | 971,858 | 1,043,946 | |||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | 1,315,562 | 649,013 | ||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | -26,305 | 124,878 | ||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -4,536 | -4,563 | 10,274 | |||||||||
| cash flow from financing | 1,284,721 | 769,328 | 92,527 | |||||||||
| cash and cash equivalents | ||||||||||||
| cash | -1,521,687 | 1,560,015 | 663,160 | -56,372 | 40,544 | 15,828 | ||||||
| overdraft | ||||||||||||
| change in cash | -1,521,687 | 1,560,015 | 663,160 | -56,372 | 40,544 | 15,828 |
truststream security solutions limited Credit Report and Business Information
Truststream Security Solutions Limited Competitor Analysis
Perform a competitor analysis for truststream security solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in EH6 area or any other competitors across 12 key performance metrics.
truststream security solutions limited Ownership
TRUSTSTREAM SECURITY SOLUTIONS LIMITED group structure
Truststream Security Solutions Limited has no subsidiary companies.
truststream security solutions limited directors
Truststream Security Solutions Limited currently has 3 directors. The longest serving directors include Mr Adam Binks (Apr 2022) and Mr Heejae Chae (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Binks | England | 41 years | Apr 2022 | - | Director |
| Mr Heejae Chae | 56 years | Dec 2023 | - | Director | |
| Mr Owen Phillips | United Kingdom | 45 years | Mar 2024 | - | Director |
P&L
March 2024turnover
6.4m
+29%
operating profit
369.5k
+26%
gross margin
32.1%
+4.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1m
+0.59%
total assets
5.3m
+0.16%
cash
701.5k
-0.68%
net assets
Total assets minus all liabilities
truststream security solutions limited company details
company number
SC408502
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
September 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
BDO LLP
address
8th floor, sugar bond house, anderson place, edinburgh, EH6 5NP
Bank
-
Legal Advisor
-
truststream security 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 1 charges/mortgages relating to truststream security solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.
truststream security 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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truststream security solutions limited Companies House Filings - See Documents
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