thesafeco limited
thesafeco limited Company Information
Company Number
SC556266
Next Accounts
Nov 2025
Industry
Other business support service activities n.e.c.
Directors
Shareholders
stephen mccann
anne-marie mccann
Group Structure
View All
Contact
Registered Address
johnston carmichael llp, 227, west george street, glasgow, G2 2ND
Website
-thesafeco limited Estimated Valuation
Pomanda estimates the enterprise value of THESAFECO LIMITED at £756k based on a Turnover of £1.9m and 0.41x industry multiple (adjusted for size and gross margin).
thesafeco limited Estimated Valuation
Pomanda estimates the enterprise value of THESAFECO LIMITED at £0 based on an EBITDA of £-45.1k and a 2.89x industry multiple (adjusted for size and gross margin).
thesafeco limited Estimated Valuation
Pomanda estimates the enterprise value of THESAFECO LIMITED at £1m based on Net Assets of £423.4k and 2.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Thesafeco Limited Overview
Thesafeco Limited is a live company located in glasgow, G2 2ND with a Companies House number of SC556266. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2017, it's largest shareholder is stephen mccann with a 75% stake. Thesafeco Limited is a young, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Thesafeco Limited Health Check
Pomanda's financial health check has awarded Thesafeco Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£4m)
- Thesafeco Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.1%)
- Thesafeco Limited
8.1% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (38.2%)
- Thesafeco Limited
38.2% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (5.6%)
- Thesafeco Limited
5.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (24)
2 - Thesafeco Limited
24 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has an equivalent pay structure (£49.6k)
- Thesafeco Limited
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £929.8k, this is more efficient (£154.1k)
- Thesafeco Limited
£154.1k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (39 days)
- Thesafeco Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 230 days, this is slower than average (33 days)
- Thesafeco Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Thesafeco Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Thesafeco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.1%, this is a higher level of debt than the average (60.5%)
70.1% - Thesafeco Limited
60.5% - Industry AVG
THESAFECO LIMITED financials
Thesafeco Limited's latest turnover from February 2024 is estimated at £1.9 million and the company has net assets of £423.4 thousand. According to their latest financial statements, Thesafeco Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | 2 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 941,072 | 969,204 | 999,164 | 974,299 | 995,121 | 1,015,943 | 1,036,765 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 4 | 4 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 941,072 | 969,204 | 999,164 | 974,299 | 995,121 | 1,015,947 | 1,036,769 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 474,696 | 499,658 | 363,809 | 489,504 | 362,057 | 120,743 | 1,460 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 474,696 | 499,658 | 363,809 | 489,504 | 362,057 | 120,743 | 1,460 |
| total assets | 1,415,768 | 1,468,862 | 1,362,973 | 1,463,803 | 1,357,178 | 1,136,690 | 1,038,229 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 976,084 | 974,511 | 1,036,599 | 1,159,227 | 1,157,515 | 1,048,651 | 1,023,511 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 976,084 | 974,511 | 1,036,599 | 1,159,227 | 1,157,515 | 1,048,651 | 1,023,511 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 16,303 | 25,833 | 35,833 | 50,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 16,303 | 25,833 | 35,833 | 50,000 | 0 | 0 | 0 |
| total liabilities | 992,387 | 1,000,344 | 1,072,432 | 1,209,227 | 1,157,515 | 1,048,651 | 1,023,511 |
| net assets | 423,381 | 468,518 | 290,541 | 254,576 | 199,663 | 88,039 | 14,718 |
| total shareholders funds | 423,381 | 468,518 | 290,541 | 254,576 | 199,663 | 88,039 | 14,718 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -24,962 | 135,849 | -125,695 | 127,447 | 241,314 | 119,283 | 1,460 |
| Creditors | 1,573 | -62,088 | -122,628 | 1,712 | 108,864 | 25,140 | 1,023,511 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | -4 | 0 | 4 |
| cash flow from investments | |||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,530 | -10,000 | -14,167 | 50,000 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
thesafeco limited Credit Report and Business Information
Thesafeco Limited Competitor Analysis
Perform a competitor analysis for thesafeco limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in G 2 area or any other competitors across 12 key performance metrics.
thesafeco limited Ownership
THESAFECO LIMITED group structure
Thesafeco Limited has no subsidiary companies.
Ultimate parent company
THESAFECO LIMITED
SC556266
thesafeco limited directors
Thesafeco Limited currently has 1 director, Mr Stephen McCann serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen McCann | Scotland | 47 years | Feb 2017 | - | Director |
P&L
February 2024turnover
1.9m
+6%
operating profit
-45.1k
0%
gross margin
17%
-3.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
423.4k
-0.1%
total assets
1.4m
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
thesafeco limited company details
company number
SC556266
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
JOHNSTON CARMICHAEL LLP
auditor
-
address
johnston carmichael llp, 227, west george street, glasgow, G2 2ND
Bank
-
Legal Advisor
-
thesafeco 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 thesafeco limited.
thesafeco 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.
Click to start generating capital raising & share issue transactions for THESAFECO LIMITED. This can take several minutes, an email will notify you when this has completed.
thesafeco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
