Sips Eco Panel Systems Limited

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sips eco panel systems limited Company Information

Live

YoungSmallHigh

Company Number

SC548974

Next Accounts

Jul 2025

Industry

Other manufacturing n.e.c.

Directors

Patrick Queen

Matthew Banks

Shareholders

patricia queen

lesley patricia banks

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Group Structure

View All

Contact

Registered Address

unit 5 boston road, glenrothes, KY6 2RE

Website

www.sipsecopanels.co.uk

sips eco panel systems limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of SIPS ECO PANEL SYSTEMS LIMITED at £5.7m based on Net Assets of £2.6m and 2.24x industry multiple (adjusted for liquidity).

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Sips Eco Panel Systems Limited is a live company located in glenrothes, KY6 2RE with a Companies House number of SC548974. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 2016, it's largest shareholder is patricia queen with a 49.5% stake. Sips Eco Panel Systems Limited is a young, small sized company, Pomanda has estimated its turnover at £4.9m with high growth in recent years.

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Pomanda's financial health check has awarded Sips Eco Panel Systems Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.2%)

EXPORT

Sips Eco Panel Systems Limited's latest turnover from October 2023 is estimated at £4.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Sips Eco Panel Systems Limited has 39 employees and maintains cash reserves of £69.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Turnover	4,855,173	4,538,937	4,905,872	2,822,507	5,378,346	2,618,555	843,653
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	3,404,826	3,187,451	3,471,536	2,012,048	3,751,618	1,821,355	572,835
Gross Profit	1,450,347	1,351,485	1,434,336	810,458	1,626,728	797,200	270,818
Admin Expenses	758,612	736,705	814,669	237,185	1,212,851	494,326	162,102
Operating Profit	691,735	614,780	619,667	573,273	413,877	302,874	108,716
Interest Payable	46,644	36,380	27,394	15,250	0	0	0
Interest Receivable	1,828	1,780	249	175	573	796	87
Pre-Tax Profit	646,919	580,180	592,522	558,198	414,451	303,669	108,802
Tax	-161,730	-110,234	-112,579	-106,058	-78,746	-57,697	-20,672
Profit After Tax	485,189	469,946	479,943	452,140	335,705	245,972	88,130
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	485,189	469,946	479,943	452,140	335,705	245,972	88,130
Employee Costs	1,602,964	1,485,089	1,503,083	1,215,780	1,195,388	682,255	379,613
Number Of Employees	39	38	40	33	33	19	11
EBITDA*	896,311	781,173	756,574	649,500	447,494	306,473	108,716

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Tangible Assets	1,379,723	1,357,861	1,097,090	948,278	515,335	132,538	8,377
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	1,379,723	1,357,861	1,097,090	948,278	515,335	132,538	8,377
Stock & work in progress	144,207	160,556	278,000	129,658	142,107	130,406	87,074
Trade Debtors	813,130	783,453	1,024,367	404,054	1,320,667	531,381	95,282
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	4,634,991	4,140,811	2,032,182	2,480,518	0	0	0
Cash	69,603	24	158,156	339,296	9,908	142,927	69,234
misc current assets	0	0	0	0	0	0	0
total current assets	5,661,931	5,084,844	3,492,705	3,353,526	1,472,682	804,714	251,590
total assets	7,041,654	6,442,705	4,589,795	4,301,804	1,988,017	937,252	259,967
Bank overdraft	150,215	53,440	100,000	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	954,297	928,997	796,543	400,066	939,679	571,856	171,737
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	135,116	111,242	95,501	87,281	0	0	0
other current liabilities	2,255,819	2,122,838	1,286,616	1,711,902	0	0	0
total current liabilities	3,495,447	3,216,517	2,278,660	2,199,249	939,679	571,856	171,737
loans	195,235	430,341	298,148	500,000	0	0	0
hp & lease commitments	326,183	276,050	184,866	256,351	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	137,150	201,504	30,070	50,070	378,431	31,194	0
provisions	330,414	246,257	195,961	174,087	0	0	0
total long term liabilities	988,982	1,154,152	709,045	980,508	378,431	31,194	0
total liabilities	4,484,429	4,370,669	2,987,705	3,179,757	1,318,110	603,050	171,737
net assets	2,557,225	2,072,036	1,602,090	1,122,047	669,907	334,202	88,230
total shareholders funds	2,557,225	2,072,036	1,602,090	1,122,047	669,907	334,202	88,230

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Operating Activities
Operating Profit	691,735	614,780	619,667	573,273	413,877	302,874	108,716
Depreciation	204,576	166,393	136,907	76,227	33,617	3,599	0
Amortisation	0	0	0	0	0	0	0
Tax	-161,730	-110,234	-112,579	-106,058	-78,746	-57,697	-20,672
Stock	-16,349	-117,444	148,342	-12,449	11,701	43,332	87,074
Debtors	523,857	1,867,715	171,977	1,563,905	789,286	436,099	95,282
Creditors	25,300	132,454	396,477	-539,613	367,823	400,119	171,737
Accruals and Deferred Income	132,981	836,222	-425,286	1,711,902	0	0	0
Deferred Taxes & Provisions	84,157	50,296	21,874	174,087	0	0	0
Cash flow from operations	469,511	-60,360	316,741	338,362	-64,416	169,464	77,425
Investing Activities
capital expenditure	-226,438	-427,164	-285,719	-509,170	-416,414	-127,760	-8,377
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-226,438	-427,164	-285,719	-509,170	-416,414	-127,760	-8,377
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	-235,106	132,193	-201,852	500,000	0	0	0
Hire Purchase and Lease Commitments	74,007	106,925	-63,265	343,632	0	0	0
other long term liabilities	-64,354	171,434	-20,000	-328,361	347,237	31,194	0
share issue	0	0	100	0	0	0	100
interest	-44,816	-34,600	-27,145	-15,075	573	796	87
cash flow from financing	-270,269	375,952	-312,162	500,196	347,810	31,990	187
cash and cash equivalents
cash	69,579	-158,132	-181,140	329,388	-133,019	73,693	69,234
overdraft	96,775	-46,560	100,000	0	0	0	0
change in cash	-27,196	-111,572	-281,140	329,388	-133,019	73,693	69,234

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 sips eco panel systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in KY6 area or any other competitors across 12 key performance metrics.

SIPS ECO PANEL SYSTEMS LIMITED group structure

Sips Eco Panel Systems Limited has no subsidiary companies.

Ultimate parent company

SIPS ECO PANEL SYSTEMS LIMITED

SC548974

SIPS ECO PANEL SYSTEMS LIMITED Shareholders

patricia queen	49.5%
lesley patricia banks	24%
juliet caroline queen	24%
patrick queen	2.5%

Sips Eco Panel Systems Limited currently has 2 directors. The longest serving directors include Mr Patrick Queen (Mar 2017) and Mr Matthew Banks (Apr 2023).

officer	country	age	start	end	role
Mr Patrick Queen	Scotland	73 years	Mar 2017	-	Director
Mr Matthew Banks	Scotland	47 years	Apr 2023	-	Director

P&L

October 2023

turnover

4.9m

+7%

operating profit

691.7k

gross margin

29.9%

+0.33%

turnover

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

Balance Sheet

October 2023

net assets

2.6m

+0.23%

total assets

+0.09%

cash

69.6k

+2899.13%

net assets

Total assets minus all liabilities

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company number

SC548974

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

October 2016

ultimate parent company

None

previous names

N/A

address

unit 5 boston road, glenrothes, KY6 2RE

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 sips eco panel systems limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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sips eco panel systems limited Company Information

sips eco panel systems limited Estimated Valuation

sips eco panel systems limited Estimated Valuation

sips eco panel systems limited Estimated Valuation

Sips Eco Panel Systems Limited Overview

Sips Eco Panel Systems Limited Health Check

SIPS ECO PANEL SYSTEMS LIMITED financials

sips eco panel systems limited Credit Report and Business Information

Sips Eco Panel Systems Limited Competitor Analysis

sips eco panel systems limited Ownership

sips eco panel systems limited directors

sips eco panel systems limited company details

sips eco panel systems limited Charges & Mortgages

sips eco panel systems limited Capital Raised & Share Issues BETA

sips eco panel systems limited Companies House Filings - See Documents