interserve plc
interserve plc Company Information
Company Number
00088456
Next Accounts
1575 days late
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
undisclosed
Group Structure
View All
Contact
Registered Address
ernst & young llp 1, more london place, london, SE1 2AF
Website
www.interserve.cominterserve plc Estimated Valuation
Pomanda estimates the enterprise value of INTERSERVE PLC at £4.7b based on a Turnover of £2.9b and 1.62x industry multiple (adjusted for size and gross margin).
interserve plc Estimated Valuation
Pomanda estimates the enterprise value of INTERSERVE PLC at £127.8m based on an EBITDA of £20.3m and a 6.29x industry multiple (adjusted for size and gross margin).
interserve plc Estimated Valuation
Pomanda estimates the enterprise value of INTERSERVE PLC at £0 based on Net Assets of £-16m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Interserve Plc Overview
Interserve Plc is a live company located in london, SE1 2AF with a Companies House number of 00088456. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 1906, it's largest shareholder is undisclosed with a 100% stake. Interserve Plc is a mature, mega sized company, Pomanda has estimated its turnover at £2.9b with declining growth in recent years.
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Interserve Plc Health Check
Pomanda's financial health check has awarded Interserve Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £2.9b, make it larger than the average company (£15.3m)
£2.9b - Interserve Plc
£15.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.1%)
-3% - Interserve Plc
6.1% - Industry AVG
Production
with a gross margin of 10%, this company has a higher cost of product (33.7%)
10% - Interserve Plc
33.7% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (4.9%)
-1.4% - Interserve Plc
4.9% - Industry AVG
Employees
with 41423 employees, this is above the industry average (105)
41423 - Interserve Plc
105 - Industry AVG
Pay Structure
on an average salary of £26.4k, the company has a lower pay structure (£36.2k)
£26.4k - Interserve Plc
£36.2k - Industry AVG
Efficiency
resulting in sales per employee of £70.1k, this is less efficient (£154.8k)
£70.1k - Interserve Plc
£154.8k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (49 days)
58 days - Interserve Plc
49 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (48 days)
25 days - Interserve Plc
48 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (37 days)
4 days - Interserve Plc
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (12 weeks)
13 weeks - Interserve Plc
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (70.3%)
100.1% - Interserve Plc
70.3% - Industry AVG
INTERSERVE PLC financials
Interserve Plc's latest turnover from December 2018 is £2.9 billion and the company has net assets of -£16 million. According to their latest financial statements, Interserve Plc has 41,423 employees and maintains cash reserves of £196.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,904,000,000 | 3,250,800,000 | 3,244,600,000 | 3,204,600,000 | 2,913,000,000 | 2,192,600,000 | 1,958,400,000 | 1,847,500,000 | 1,872,000,000 | 1,906,800,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,614,700,000 | 3,009,600,000 | 2,966,800,000 | 2,781,900,000 | 2,583,700,000 | 1,927,000,000 | 1,738,400,000 | 1,643,700,000 | 1,693,400,000 | 1,683,100,000 |
| Gross Profit | 289,300,000 | 241,200,000 | 277,800,000 | 422,700,000 | 329,300,000 | 265,600,000 | 220,000,000 | 203,800,000 | 178,600,000 | 223,700,000 |
| Admin Expenses | 329,500,000 | 460,800,000 | 354,200,000 | 326,800,000 | 256,400,000 | 191,900,000 | 37,100,000 | 135,700,000 | 140,200,000 | 127,100,000 |
| Operating Profit | -40,200,000 | -219,600,000 | -76,400,000 | 95,900,000 | 72,900,000 | 73,700,000 | 182,900,000 | 68,100,000 | 38,400,000 | 96,600,000 |
| Interest Payable | 82,500,000 | 28,400,000 | 23,300,000 | 21,100,000 | 16,000,000 | 9,200,000 | 9,600,000 | 40,700,000 | 40,900,000 | 39,000,000 |
| Interest Receivable | 0 | 0 | 0 | 4,700,000 | 5,000,000 | 3,600,000 | 8,400,000 | 39,700,000 | 36,100,000 | 31,600,000 |
| Pre-Tax Profit | -111,300,000 | -244,400,000 | -94,100,000 | 79,500,000 | 61,900,000 | 68,100,000 | 179,800,000 | 67,100,000 | 64,100,000 | 89,200,000 |
| Tax | -17,600,000 | -10,000,000 | -7,500,000 | -9,300,000 | -12,000,000 | -13,100,000 | -10,600,000 | -6,500,000 | -10,600,000 | -16,800,000 |
| Profit After Tax | -128,900,000 | -254,400,000 | -101,600,000 | 70,200,000 | 49,900,000 | 55,000,000 | 169,200,000 | 60,600,000 | 53,500,000 | 72,400,000 |
| Dividends Paid | 0 | 0 | 37,100,000 | 34,700,000 | 31,500,000 | 29,100,000 | 24,400,000 | 17,900,000 | 15,600,000 | 0 |
| Retained Profit | -132,200,000 | -256,400,000 | -140,800,000 | 34,200,000 | 13,900,000 | 25,900,000 | 140,100,000 | 42,700,000 | 37,900,000 | 68,700,000 |
| Employee Costs | 1,093,700,000 | 1,147,000,000 | 1,153,700,000 | 1,117,400,000 | 997,600,000 | 694,600,000 | 624,700,000 | 602,100,000 | 610,500,000 | 586,200,000 |
| Number Of Employees | 41,423 | 44,711 | 46,246 | 47,216 | 41,091 | 25,383 | 22,108 | 20,308 | 28,127 | |
| EBITDA* | 20,300,000 | -150,600,000 | -5,600,000 | 163,000,000 | 136,600,000 | 107,500,000 | 218,200,000 | 98,000,000 | 69,700,000 | 121,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 426,600,000 | 376,900,000 | 395,900,000 | 368,500,000 | 316,300,000 | 271,400,000 | 260,000,000 | 343,600,000 | 287,300,000 | 304,600,000 |
| Intangible Assets | 373,200,000 | 427,400,000 | 514,000,000 | 520,200,000 | 544,400,000 | 286,600,000 | 265,800,000 | 221,200,000 | 228,300,000 | 230,800,000 |
| Investments & Other | 215,400,000 | 124,900,000 | 126,900,000 | 131,900,000 | 0 | 94,500,000 | 84,200,000 | 0 | 0 | 124,400,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 4,500,000 | 0 | 0 | 0 |
| Total Fixed Assets | 799,800,000 | 804,300,000 | 909,900,000 | 888,700,000 | 860,700,000 | 558,000,000 | 525,800,000 | 564,800,000 | 515,600,000 | 535,400,000 |
| Stock & work in progress | 35,800,000 | 34,000,000 | 36,500,000 | 40,100,000 | 48,600,000 | 30,700,000 | 24,600,000 | 22,200,000 | 19,600,000 | 20,100,000 |
| Trade Debtors | 463,800,000 | 515,200,000 | 489,500,000 | 547,100,000 | 511,100,000 | 249,000,000 | 239,600,000 | 227,500,000 | 215,600,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400,000 | 41,300,000 |
| Misc Debtors | 177,500,000 | 206,800,000 | 234,900,000 | 227,800,000 | 168,300,000 | 237,100,000 | 187,900,000 | 152,600,000 | 167,100,000 | 314,000,000 |
| Cash | 196,700,000 | 155,100,000 | 113,300,000 | 86,100,000 | 82,100,000 | 79,700,000 | 76,800,000 | 46,100,000 | 67,600,000 | 60,900,000 |
| misc current assets | 0 | 0 | 67,100,000 | 25,100,000 | 5,300,000 | 0 | 51,200,000 | 0 | 0 | 0 |
| total current assets | 873,800,000 | 911,100,000 | 941,300,000 | 926,200,000 | 815,400,000 | 596,500,000 | 580,100,000 | 448,400,000 | 473,300,000 | 436,300,000 |
| total assets | 1,673,600,000 | 1,715,400,000 | 1,851,200,000 | 1,814,900,000 | 1,676,100,000 | 1,154,500,000 | 1,105,900,000 | 1,013,200,000 | 988,900,000 | 971,700,000 |
| Bank overdraft | 0 | 6,800,000 | 11,100,000 | 15,500,000 | 5,500,000 | 27,400,000 | 19,800,000 | 19,300,000 | 35,200,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,600,000 |
| Trade Creditors | 184,600,000 | 206,900,000 | 290,700,000 | 166,500,000 | 278,400,000 | 252,500,000 | 214,000,000 | 191,500,000 | 194,700,000 | 202,100,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 200,000 | 900,000 | 1,000,000 | 600,000 | 300,000 | 300,000 | 500,000 | 500,000 | 0 | 500,000 |
| other current liabilities | 590,300,000 | 648,200,000 | 632,000,000 | 654,400,000 | 512,000,000 | 362,900,000 | 369,400,000 | 335,300,000 | 322,200,000 | 311,700,000 |
| total current liabilities | 775,100,000 | 862,800,000 | 934,800,000 | 837,000,000 | 796,200,000 | 643,100,000 | 603,700,000 | 546,600,000 | 552,100,000 | 525,900,000 |
| loans | 1,655,400,000 | 1,300,000,000 | 905,600,000 | 815,400,000 | 726,600,000 | 181,200,000 | 61,400,000 | 140,000,000 | 170,000,000 | 267,500,000 |
| hp & lease commitments | 200,000 | 2,500,000 | 3,400,000 | 1,600,000 | 500,000 | 600,000 | 700,000 | 0 | 0 | 1,100,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 12,500,000 | 12,000,000 | 13,200,000 | 14,300,000 | 14,300,000 | 12,900,000 | 12,500,000 | 60,300,000 | 58,200,000 | 7,900,000 |
| provisions | 118,800,000 | 256,000,000 | 190,600,000 | 86,600,000 | 76,600,000 | 75,200,000 | 256,400,000 | 71,000,000 | 72,000,000 | 69,600,000 |
| total long term liabilities | 899,600,000 | 790,000,000 | 561,300,000 | 465,300,000 | 415,900,000 | 141,100,000 | 171,400,000 | 165,800,000 | 179,200,000 | 224,100,000 |
| total liabilities | 1,674,700,000 | 1,652,800,000 | 1,496,100,000 | 1,302,300,000 | 1,212,100,000 | 784,200,000 | 775,100,000 | 712,400,000 | 731,300,000 | 750,000,000 |
| net assets | -16,000,000 | 47,300,000 | 342,200,000 | 500,500,000 | 452,400,000 | 360,400,000 | 324,500,000 | 296,600,000 | 253,800,000 | 219,000,000 |
| total shareholders funds | -16,000,000 | 47,300,000 | 342,200,000 | 500,500,000 | 452,400,000 | 360,400,000 | 324,500,000 | 296,600,000 | 253,800,000 | 219,000,000 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -40,200,000 | -219,600,000 | -76,400,000 | 95,900,000 | 72,900,000 | 73,700,000 | 182,900,000 | 68,100,000 | 38,400,000 | 96,600,000 |
| Depreciation | 35,700,000 | 39,600,000 | 39,600,000 | 34,800,000 | 35,600,000 | 31,900,000 | 27,700,000 | 28,300,000 | 25,200,000 | 23,900,000 |
| Amortisation | 24,800,000 | 29,400,000 | 31,200,000 | 32,300,000 | 28,100,000 | 1,900,000 | 7,600,000 | 1,600,000 | 6,100,000 | 500,000 |
| Tax | -17,600,000 | -10,000,000 | -7,500,000 | -9,300,000 | -12,000,000 | -13,100,000 | -10,600,000 | -6,500,000 | -10,600,000 | -16,800,000 |
| Stock | 1,800,000 | -2,500,000 | -3,600,000 | -8,500,000 | 17,900,000 | 6,100,000 | 2,400,000 | 2,600,000 | -500,000 | 20,100,000 |
| Debtors | -80,700,000 | -2,400,000 | -50,500,000 | 95,500,000 | 193,300,000 | 54,100,000 | 51,900,000 | -6,000,000 | 30,800,000 | 355,300,000 |
| Creditors | -22,300,000 | -83,800,000 | 124,200,000 | -111,900,000 | 25,900,000 | 38,500,000 | 22,500,000 | -3,200,000 | -7,400,000 | 202,100,000 |
| Accruals and Deferred Income | -57,900,000 | 16,200,000 | -22,400,000 | 142,400,000 | 149,100,000 | -6,500,000 | 34,100,000 | 13,100,000 | 10,500,000 | 311,700,000 |
| Deferred Taxes & Provisions | -137,200,000 | 65,400,000 | 104,000,000 | 10,000,000 | 1,400,000 | -181,200,000 | 185,400,000 | -1,000,000 | 2,400,000 | 69,600,000 |
| Cash flow from operations | -135,800,000 | -157,900,000 | 246,800,000 | 107,200,000 | 89,800,000 | -115,000,000 | 395,300,000 | 103,800,000 | 34,300,000 | 312,200,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 90,500,000 | -2,000,000 | -5,000,000 | 131,900,000 | -94,500,000 | 10,300,000 | 84,200,000 | 0 | -124,400,000 | 124,400,000 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,600,000 | 11,600,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 355,400,000 | 394,400,000 | 90,200,000 | 88,800,000 | 545,400,000 | 119,800,000 | -78,600,000 | -30,000,000 | -97,500,000 | 267,500,000 |
| Hire Purchase and Lease Commitments | -3,000,000 | -1,000,000 | 2,200,000 | 1,400,000 | -100,000 | -300,000 | 700,000 | 500,000 | -1,600,000 | 1,600,000 |
| other long term liabilities | 500,000 | -1,200,000 | -1,100,000 | 0 | 1,400,000 | 400,000 | -47,800,000 | 2,100,000 | 50,300,000 | 7,900,000 |
| share issue | ||||||||||
| interest | -82,500,000 | -28,400,000 | -23,300,000 | -16,400,000 | -11,000,000 | -5,600,000 | -1,200,000 | -1,000,000 | -4,800,000 | -7,400,000 |
| cash flow from financing | 339,300,000 | 325,300,000 | 50,500,000 | 87,700,000 | 613,800,000 | 124,300,000 | -239,100,000 | -28,300,000 | -68,300,000 | 431,500,000 |
| cash and cash equivalents | ||||||||||
| cash | 41,600,000 | 41,800,000 | 27,200,000 | 4,000,000 | 2,400,000 | 2,900,000 | 30,700,000 | -21,500,000 | 6,700,000 | 60,900,000 |
| overdraft | -6,800,000 | -4,300,000 | -4,400,000 | 10,000,000 | -21,900,000 | 7,600,000 | 500,000 | -15,900,000 | 35,200,000 | 0 |
| change in cash | 48,400,000 | 46,100,000 | 31,600,000 | -6,000,000 | 24,300,000 | -4,700,000 | 30,200,000 | -5,600,000 | -28,500,000 | 60,900,000 |
interserve plc Credit Report and Business Information
Interserve Plc Competitor Analysis
Perform a competitor analysis for interserve plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in SE1 area or any other competitors across 12 key performance metrics.
interserve plc Ownership
INTERSERVE PLC group structure
Interserve Plc has 4 subsidiary companies.
Ultimate parent company
INTERSERVE PLC
00088456
4 subsidiaries
interserve plc directors
Interserve Plc currently has 3 directors. The longest serving directors include Mr Glyn Barker (Jan 2016) and Mr Gareth Edwards (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glyn Barker | England | 71 years | Jan 2016 | - | Director |
| Mr Gareth Edwards | England | 66 years | Feb 2017 | - | Director |
| Mr Mark Whiteling | United Kingdom | 61 years | Oct 2017 | - | Director |
P&L
December 2018turnover
2.9b
-11%
operating profit
-40.2m
-82%
gross margin
10%
+34.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-16m
-1.34%
total assets
1.7b
-0.02%
cash
196.7m
+0.27%
net assets
Total assets minus all liabilities
Similar Companies
interserve plc company details
company number
00088456
Type
Public limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
April 1906
age
119
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2018
previous names
tilbury douglas plc (March 2001)
tilbury group public limited company (October 1991)
accountant
-
auditor
GRANT THORNTON UK LLP
address
ernst & young llp 1, more london place, london, SE1 2AF
Bank
-
Legal Advisor
-
interserve plc 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 33 charges/mortgages relating to interserve plc. Currently there are 2 open charges and 31 have been satisfied in the past.
interserve plc 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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interserve plc Companies House Filings - See Documents
| date | description | view/download |
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