insulated render systems (scotland) ltd.
insulated render systems (scotland) ltd. Company Information
Company Number
SC441561
Next Accounts
Sep 2025
Shareholders
brendan collum
joseph anthony collum
View AllGroup Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
74 glencraig street, airdrie, ML6 9AS
Website
www.irsscotland.cominsulated render systems (scotland) ltd. Estimated Valuation
Pomanda estimates the enterprise value of INSULATED RENDER SYSTEMS (SCOTLAND) LTD. at £13m based on a Turnover of £19m and 0.68x industry multiple (adjusted for size and gross margin).
insulated render systems (scotland) ltd. Estimated Valuation
Pomanda estimates the enterprise value of INSULATED RENDER SYSTEMS (SCOTLAND) LTD. at £7.2m based on an EBITDA of £1.6m and a 4.49x industry multiple (adjusted for size and gross margin).
insulated render systems (scotland) ltd. Estimated Valuation
Pomanda estimates the enterprise value of INSULATED RENDER SYSTEMS (SCOTLAND) LTD. at £6.6m based on Net Assets of £3.3m and 1.96x industry multiple (adjusted for liquidity).
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Insulated Render Systems (scotland) Ltd. Overview
Insulated Render Systems (scotland) Ltd. is a live company located in airdrie, ML6 9AS with a Companies House number of SC441561. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in January 2013, it's largest shareholder is brendan collum with a 25% stake. Insulated Render Systems (scotland) Ltd. is a established, mid sized company, Pomanda has estimated its turnover at £19m with rapid growth in recent years.
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Insulated Render Systems (scotland) Ltd. Health Check
Pomanda's financial health check has awarded Insulated Render Systems (Scotland) Ltd. a 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
4 Regular
3 Weak
Size
annual sales of £19m, make it larger than the average company (£1.2m)
£19m - Insulated Render Systems (scotland) Ltd.
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (8%)
- Insulated Render Systems (scotland) Ltd.
8% - Industry AVG
Production
with a gross margin of 16.4%, this company has a higher cost of product (42%)
16.4% - Insulated Render Systems (scotland) Ltd.
42% - Industry AVG
Profitability
an operating margin of 7.5% make it as profitable than the average company (6.4%)
7.5% - Insulated Render Systems (scotland) Ltd.
6.4% - Industry AVG
Employees
with 33 employees, this is above the industry average (15)
33 - Insulated Render Systems (scotland) Ltd.
15 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£34.5k)
£35.6k - Insulated Render Systems (scotland) Ltd.
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £576k, this is more efficient (£104.2k)
£576k - Insulated Render Systems (scotland) Ltd.
£104.2k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (31 days)
42 days - Insulated Render Systems (scotland) Ltd.
31 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (41 days)
28 days - Insulated Render Systems (scotland) Ltd.
41 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (40 days)
1 days - Insulated Render Systems (scotland) Ltd.
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is average cash available to meet short term requirements (38 weeks)
33 weeks - Insulated Render Systems (scotland) Ltd.
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.7%, this is a similar level of debt than the average (48.1%)
43.7% - Insulated Render Systems (scotland) Ltd.
48.1% - Industry AVG
INSULATED RENDER SYSTEMS (SCOTLAND) LTD. financials
Insulated Render Systems (Scotland) Ltd.'s latest turnover from December 2023 is £19 million and the company has net assets of £3.3 million. According to their latest financial statements, Insulated Render Systems (Scotland) Ltd. has 33 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,008,801 | 18,314,545 | |||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 15,892,441 | 12,578,253 | |||||||||
| Gross Profit | 3,116,360 | 5,736,292 | |||||||||
| Admin Expenses | 1,696,451 | 1,280,757 | |||||||||
| Operating Profit | 1,419,909 | 4,455,535 | |||||||||
| Interest Payable | 21,409 | 42,046 | |||||||||
| Interest Receivable | 2,301 | 658 | |||||||||
| Pre-Tax Profit | 1,400,801 | 4,414,147 | |||||||||
| Tax | -232,132 | -958,883 | |||||||||
| Profit After Tax | 1,168,669 | 3,455,264 | |||||||||
| Dividends Paid | 510,000 | 1,000,000 | |||||||||
| Retained Profit | 658,669 | 2,455,264 | |||||||||
| Employee Costs | 1,175,586 | 1,069,884 | |||||||||
| Number Of Employees | 33 | 36 | 33 | 36 | 42 | 12 | 17 | 19 | 18 | ||
| EBITDA* | 1,605,943 | 4,618,146 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 520,368 | 516,169 | 202,383 | 269,255 | 376,764 | 200,249 | 176,076 | 207,723 | 49,646 | 81,949 | 71,147 |
| Intangible Assets | |||||||||||
| Investments & Other | 165,098 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 685,466 | 516,169 | 202,383 | 269,255 | 376,764 | 200,249 | 176,076 | 207,723 | 49,646 | 81,949 | 71,147 |
| Stock & work in progress | 78,555 | 120,659 | 17,297 | 592,729 | 1,710,283 | 1,529,408 | 893,981 | 812,138 | 558,859 | 484,009 | 674,748 |
| Trade Debtors | 2,224,300 | 821,991 | 227,581 | 322,433 | 41,896 | 213 | 20,784 | 534,976 | |||
| Group Debtors | 398,603 | 49,184 | 101,186 | 251,291 | 237,460 | 31,249 | 22,925 | ||||
| Misc Debtors | 1,019,165 | 2,082,701 | 580,386 | 5,222 | 3,823 | 83,586 | 21,447 | 3,506 | 18,870 | ||
| Cash | 1,531,702 | 4,158,775 | 266,182 | 210,039 | 558,081 | 15,409 | 63,694 | 98,970 | 42,170 | 292,856 | 549,965 |
| misc current assets | |||||||||||
| total current assets | 5,252,325 | 7,233,310 | 1,192,632 | 1,381,714 | 2,551,543 | 1,628,616 | 1,010,371 | 937,539 | 619,899 | 797,649 | 1,759,689 |
| total assets | 5,937,791 | 7,749,479 | 1,395,015 | 1,650,969 | 2,928,307 | 1,828,865 | 1,186,447 | 1,145,262 | 669,545 | 879,598 | 1,830,836 |
| Bank overdraft | 69,957 | 4,162 | |||||||||
| Bank loan | 10,000 | 69,957 | |||||||||
| Trade Creditors | 1,249,892 | 1,863,203 | 455,496 | 346,270 | 1,284,028 | 935,599 | 688,151 | 569,422 | 276,186 | 535,555 | 1,622,184 |
| Group/Directors Accounts | 14,901 | 90,144 | 17,257 | 439 | 1,218 | 891 | 504 | ||||
| other short term finances | |||||||||||
| hp & lease commitments | 77,660 | 67,276 | 53,417 | 76,613 | 99,965 | 68,973 | 55,151 | 53,800 | 8,105 | ||
| other current liabilities | 1,017,603 | 2,510,088 | 313,046 | 527,673 | 568,305 | 310,848 | 160,815 | 214,616 | 219,587 | ||
| total current liabilities | 2,370,056 | 4,600,668 | 891,916 | 967,813 | 1,952,737 | 1,316,638 | 909,170 | 838,342 | 503,878 | 535,555 | 1,622,184 |
| loans | 17,500 | 191,538 | 229,803 | 123 | |||||||
| hp & lease commitments | 106,902 | 194,947 | 7,361 | 49,035 | 130,820 | 43,959 | 54,291 | 97,541 | 7,713 | ||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 28,717 | 26,689 | |||||||||
| provisions | 99,094 | 76,756 | 35,629 | 48,155 | 68,390 | 34,642 | 31,319 | 37,424 | 2,166 | 4,208 | |
| total long term liabilities | 223,496 | 463,241 | 272,793 | 97,190 | 199,210 | 78,601 | 85,610 | 134,965 | 7,836 | 30,883 | 30,897 |
| total liabilities | 2,593,552 | 5,063,909 | 1,164,709 | 1,065,003 | 2,151,947 | 1,395,239 | 994,780 | 973,307 | 511,714 | 566,438 | 1,653,081 |
| net assets | 3,344,239 | 2,685,570 | 230,306 | 585,966 | 776,360 | 433,626 | 191,667 | 171,955 | 157,831 | 313,160 | 177,755 |
| total shareholders funds | 3,344,239 | 2,685,570 | 230,306 | 585,966 | 776,360 | 433,626 | 191,667 | 171,955 | 157,831 | 313,160 | 177,755 |
| Dec 2023 | Dec 2022 | Dec 2021 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 1,419,909 | 4,455,535 | |||||||||
| Depreciation | 186,034 | 162,611 | 67,887 | 90,476 | 80,143 | 58,106 | 55,862 | 18,324 | 15,668 | 18,168 | 21,463 |
| Amortisation | |||||||||||
| Tax | -232,132 | -958,883 | |||||||||
| Stock | -42,104 | 103,362 | -1,692,986 | -1,117,554 | 180,875 | 635,427 | 81,843 | 253,279 | 74,850 | -190,739 | 674,748 |
| Debtors | 688,192 | 2,044,723 | 625,974 | 295,767 | 199,380 | 31,103 | 26,265 | 7,561 | -1,914 | -514,192 | 534,976 |
| Creditors | -613,311 | 1,407,707 | -828,532 | -937,758 | 348,429 | 247,448 | 118,729 | 293,236 | -259,369 | -1,086,629 | 1,622,184 |
| Accruals and Deferred Income | -1,492,485 | 2,197,042 | -255,259 | -40,632 | 257,457 | 150,033 | -53,801 | -4,971 | 219,587 | ||
| Deferred Taxes & Provisions | 22,338 | 41,127 | -32,761 | -20,235 | 33,748 | 3,323 | -6,105 | 37,424 | -2,166 | -2,042 | 4,208 |
| Cash flow from operations | -1,355,735 | 5,157,054 | |||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 165,098 | ||||||||||
| cash flow from investments | -165,098 | ||||||||||
| Financing Activities | |||||||||||
| Bank loans | -59,957 | 69,957 | |||||||||
| Group/Directors Accounts | -75,243 | 90,144 | -439 | 16,818 | -779 | 327 | 387 | 504 | |||
| Other Short Term Loans | |||||||||||
| Long term loans | -174,038 | -38,265 | 229,803 | -123 | 123 | ||||||
| Hire Purchase and Lease Commitments | -77,661 | 201,445 | -170,007 | -105,137 | 117,853 | 3,490 | -41,899 | 135,523 | 15,818 | ||
| other long term liabilities | -28,717 | 2,028 | 26,689 | ||||||||
| share issue | |||||||||||
| interest | -19,108 | -41,388 | |||||||||
| cash flow from financing | -406,007 | 281,893 | |||||||||
| cash and cash equivalents | |||||||||||
| cash | -2,627,073 | 3,892,593 | -291,899 | -348,042 | 542,672 | -48,285 | -35,276 | 56,800 | -250,686 | -257,109 | 549,965 |
| overdraft | -69,957 | 69,957 | -4,162 | 4,162 | |||||||
| change in cash | -2,627,073 | 3,962,550 | -361,856 | -348,042 | 542,672 | -44,123 | -39,438 | 56,800 | -250,686 | -257,109 | 549,965 |
insulated render systems (scotland) ltd. Credit Report and Business Information
Insulated Render Systems (scotland) Ltd. Competitor Analysis
Perform a competitor analysis for insulated render systems (scotland) ltd. by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in ML6 area or any other competitors across 12 key performance metrics.
insulated render systems (scotland) ltd. Ownership
INSULATED RENDER SYSTEMS (SCOTLAND) LTD. group structure
Insulated Render Systems (Scotland) Ltd. has no subsidiary companies.
Ultimate parent company
INSULATED RENDER SYSTEMS (SCOTLAND) LTD.
SC441561
insulated render systems (scotland) ltd. directors
Insulated Render Systems (Scotland) Ltd. currently has 4 directors. The longest serving directors include Mrs Angela Collum (Jan 2013) and Mrs Anne Collum (Nov 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Angela Collum | Scotland | 45 years | Jan 2013 | - | Director |
| Mrs Anne Collum | Scotland | 61 years | Nov 2013 | - | Director |
| Mr Joseph Collum | Scotland | 52 years | Nov 2013 | - | Director |
| Mr Brendan Collum | Scotland | 58 years | Apr 2021 | - | Director |
P&L
December 2023turnover
19m
+4%
operating profit
1.4m
-68%
gross margin
16.4%
-47.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.3m
+0.25%
total assets
5.9m
-0.23%
cash
1.5m
-0.63%
net assets
Total assets minus all liabilities
insulated render systems (scotland) ltd. company details
company number
SC441561
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CAHILL JACK ASSOCIATES LIMITED
address
74 glencraig street, airdrie, ML6 9AS
Bank
-
Legal Advisor
-
insulated render systems (scotland) ltd. 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 insulated render systems (scotland) ltd.. Currently there are 1 open charges and 0 have been satisfied in the past.
insulated render systems (scotland) ltd. 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.
Click to start generating capital raising & share issue transactions for INSULATED RENDER SYSTEMS (SCOTLAND) LTD.. This can take several minutes, an email will notify you when this has completed.
insulated render systems (scotland) ltd. Companies House Filings - See Documents
| date | description | view/download |
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