Established in 1995, SMS Plc is a leading independent provider of multi-utility infrastructure connections and meter asset management solutions. Our professional services are delivered to key UK gas and electricity suppliers and directly to end customers in the I&C markets. We provide a fully integrated service from beginning to end, from project managing the installation and connection of the utility infrastructure through to the procurement, installation and management of the meter asset, data collection and on-going energy management solutions. Our proven track record attests to the level of knowledge and expertise that is prevalent within our dedicated teams. The customer is at the heart of our values and what really differentiates us is our ability to tailor customer contracts. This flexibility in the delivery of our services is key to our customer service centred approach. We listen to what our customers need and what they want to achieve and then use our collective experience to ensure these requirements are met. Connections Management • Gas Connections • Electricity Connections • Major Projects • Estate & Wayleaves • Design • Embedded Generation Metering & Data • Domestic • Gas I&C • Electricity I&C • Data Management; Gas, Electricity & Water Energy Management • Utility Bureau & Bill Validation • Recoveries • Energy & Environmental Our company ethos is based on offering our clients the highest standards of customer care and we have a substantial track record of investing in both technology and talented people. We work hard to maintain a reputation for delivering a high quality service that our clients expect.
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Glasgow, GB
Size (employees)
310 (est)+26%
Smart Metering Systems was founded in 1995 and is headquartered in Glasgow, GB
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Smart Metering Systems Office Locations

Smart Metering Systems has offices in Glasgow, Pontprennau and Saronno
Glasgow, GB (HQ)
48 St Vincent St
Pontprennau, GB
Cardiff Gate Business Park
Saronno, IT
21 Via Gaudenzio Ferrari
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Smart Metering Systems Financials and Metrics

Smart Metering Systems Financials

Smart Metering Systems's revenue was reported to be £67.19 m in FY, 2016 which is a 24.5% increase from the previous period.

Revenue (FY, 2016)

67.2 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

36.9 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

15.2 m

EBITDA (FY, 2016)

33.9 m

EBIT (FY, 2016)

21.9 m

Market capitalization (31-Oct-2017)

720.8 m

Closing share price (31-Oct-2017)


Cash (31-Dec-2016)

8 m


727.3 m
Smart Metering Systems's current market capitalization is £720.8 m.
GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


9.8 m12.4 m16 m21 m27.9 m42.4 m53.9 m67.2 m

Revenue growth, %


Cost of goods sold

5.7 m6.9 m7.1 m7.8 m10.1 m14.8 m23.8 m30.3 m

Gross profit

4.1 m5.5 m8.9 m13.3 m17.8 m27.6 m30.1 m36.9 m
GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


592.3 k1.8 m7.3 m6.5 m2.1 m4.3 m5.7 m8 m

Accounts Receivable

838.2 k330 k480 k1.3 m5.2 m7.2 m10 m12.9 m


83 k373 k2.5 m1.2 m1.1 m6.1 m

Current Assets

3 m3.3 m9 m9.9 m10.9 m13.8 m17 m29.9 m
GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1 m490 k2.2 m4.3 m6.6 m8.9 m15 m15.2 m

Cash From Operating Activities

5.5 m3.6 m5 m7.6 m7.4 m25.1 m24.4 m31.3 m

Dividends Paid

500 k180 k417 k1.5 m2.2 m2.6 m3.1 m

Cash From Financing Activities

959.8 k3 m10 m8.1 m12.6 m22.5 m18.8 m12 m
GBPY, 2016


21.5 x


33.2 x


23.2 x


0.2 x


0.1 x

Financial Leverage

3.1 x
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Smart Metering Systems Operating Metrics

FY, 2014FY, 2015

Electricity Data Collection Points

108 k142 k

Electricity Meter Assets

12 k29 k

Gas Data Collection Points

41 k85 k

Gas Meter Assets

607 k723 k
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