dnv services uk limited
dnv services uk limited Company Information
Company Number
01503799
Next Accounts
Sep 2025
Shareholders
dnv as
Group Structure
View All
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
5th floor vivo building, 30 stamford street, london, SE1 9LQ
Website
dnv.comdnv services uk limited Estimated Valuation
Pomanda estimates the enterprise value of DNV SERVICES UK LIMITED at £118.6m based on a Turnover of £77.7m and 1.53x industry multiple (adjusted for size and gross margin).
dnv services uk limited Estimated Valuation
Pomanda estimates the enterprise value of DNV SERVICES UK LIMITED at £10.8m based on an EBITDA of £985.6k and a 10.97x industry multiple (adjusted for size and gross margin).
dnv services uk limited Estimated Valuation
Pomanda estimates the enterprise value of DNV SERVICES UK LIMITED at £36.3m based on Net Assets of £15.8m and 2.3x industry multiple (adjusted for liquidity).
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Dnv Services Uk Limited Overview
Dnv Services Uk Limited is a live company located in london, SE1 9LQ with a Companies House number of 01503799. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in June 1980, it's largest shareholder is dnv as with a 100% stake. Dnv Services Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £77.7m with rapid growth in recent years.
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Dnv Services Uk Limited Health Check
Pomanda's financial health check has awarded Dnv Services Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £77.7m, make it larger than the average company (£2.9m)
£77.7m - Dnv Services Uk Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (7.2%)
32% - Dnv Services Uk Limited
7.2% - Industry AVG
Production
with a gross margin of 56.5%, this company has a lower cost of product (45%)
56.5% - Dnv Services Uk Limited
45% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (5.6%)
0.1% - Dnv Services Uk Limited
5.6% - Industry AVG
Employees
with 481 employees, this is above the industry average (23)
481 - Dnv Services Uk Limited
23 - Industry AVG
Pay Structure
on an average salary of £90.9k, the company has a higher pay structure (£53.5k)
£90.9k - Dnv Services Uk Limited
£53.5k - Industry AVG
Efficiency
resulting in sales per employee of £161.5k, this is more efficient (£126.3k)
£161.5k - Dnv Services Uk Limited
£126.3k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (56 days)
76 days - Dnv Services Uk Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (31 days)
13 days - Dnv Services Uk Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dnv Services Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is average cash available to meet short term requirements (25 weeks)
25 weeks - Dnv Services Uk Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.7%, this is a higher level of debt than the average (53.2%)
70.7% - Dnv Services Uk Limited
53.2% - Industry AVG
DNV SERVICES UK LIMITED financials
Dnv Services Uk Limited's latest turnover from December 2023 is £77.7 million and the company has net assets of £15.8 million. According to their latest financial statements, Dnv Services Uk Limited has 481 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 77,705,269 | 58,852,017 | 38,271,444 | 33,847,129 | 34,731,383 | 32,379,000 | 34,120,000 | 29,670,000 | 31,740,000 | 34,969,000 | 36,013,042 | 34,338,939 | 32,789,128 | 32,158,949 | 28,715,378 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 33,789,885 | 27,225,632 | 18,547,862 | 13,781,176 | 22,091,488 | 21,378,000 | 21,331,000 | 19,898,000 | 24,457,000 | 23,050,000 | 15,428,433 | 15,366,773 | 11,614,063 | 9,989,611 | 8,443,659 |
| Gross Profit | 43,915,384 | 31,626,385 | 19,723,582 | 20,065,953 | 12,639,895 | 11,001,000 | 12,789,000 | 9,772,000 | 7,283,000 | 11,919,000 | 20,584,609 | 18,972,166 | 21,175,065 | 22,169,338 | 20,271,719 |
| Admin Expenses | 43,869,046 | 30,934,166 | 20,218,498 | 19,610,054 | 12,439,662 | 16,018,000 | 16,190,000 | 12,251,000 | 14,762,000 | 10,338,000 | 18,299,066 | 20,579,703 | 21,803,519 | 21,502,601 | 18,955,510 |
| Operating Profit | 46,338 | 692,219 | -494,916 | 455,899 | 200,233 | -5,017,000 | -3,401,000 | -2,479,000 | -7,479,000 | 1,581,000 | 2,285,543 | -1,607,537 | -628,454 | 666,737 | 1,316,209 |
| Interest Payable | 234,240 | 65,814 | 50,545 | 72,473 | 223,617 | 242,000 | 166,000 | 116,000 | 10,000 | 2,000 | 2,600 | 3,832 | 1,597,498 | 1,600,613 | 1,645 |
| Interest Receivable | 623,374 | 397,160 | 589,273 | 330,094 | 193,063 | 84,000 | 1,000 | 10,000 | 4,000 | 13,000 | 8,382 | 19,317 | 1,993,512 | 1,978,593 | 7,474 |
| Pre-Tax Profit | -1,878,528 | 5,173,565 | 43,812 | 713,520 | 169,679 | -5,175,000 | -3,589,000 | -2,585,000 | -7,607,000 | 1,540,000 | 2,606,325 | -1,328,052 | -232,440 | 1,846,007 | 1,470,038 |
| Tax | -48,573 | 428,209 | 621,752 | -47,380 | 79,609 | 1,368,000 | -144,000 | 988,000 | -2,000 | -114,000 | -38,090 | -20,316 | -65,634 | -23,711 | 423,156 |
| Profit After Tax | -1,927,101 | 5,601,774 | 665,564 | 666,140 | 249,288 | -3,807,000 | -3,733,000 | -1,597,000 | -7,609,000 | 1,426,000 | 2,568,235 | -1,348,368 | -298,074 | 1,822,296 | 1,893,194 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -1,927,101 | 5,601,774 | 665,564 | 666,140 | 249,288 | -3,807,000 | -3,733,000 | -1,597,000 | -7,609,000 | 1,426,000 | 2,568,235 | -1,348,368 | -298,074 | 1,822,296 | 1,893,194 |
| Employee Costs | 43,729,309 | 33,539,741 | 22,893,235 | 20,613,531 | 20,252,467 | 21,579,000 | 19,211,000 | 19,747,000 | 21,984,000 | 20,396,000 | 18,399,701 | 22,687,957 | 19,492,311 | 16,488,705 | 14,320,837 |
| Number Of Employees | 481 | 386 | 243 | 234 | 230 | 239 | 242 | 224 | 249 | 246 | 264 | 280 | 262 | 228 | 218 |
| EBITDA* | 985,644 | 1,528,538 | 373,376 | 1,253,414 | 1,121,935 | -3,925,000 | -2,525,000 | -1,830,000 | -6,982,000 | 1,745,000 | 2,449,916 | -1,466,357 | -470,462 | 699,706 | 1,338,038 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,578,970 | 2,702,153 | 3,201,032 | 3,738,997 | 4,489,499 | 5,727,000 | 6,344,000 | 4,865,000 | 4,771,000 | 1,338,000 | 454,235 | 372,187 | 399,265 | 101,818 | 87,737 |
| Intangible Assets | 44,770 | 62,739 | 22,750 | 6,343 | 9,271 | 13,000 | |||||||||
| Investments & Other | 3,602,609 | 1,926,609 | 3,539,609 | 419,609 | 1,755,609 | 3,124,000 | 2,928,000 | ||||||||
| Debtors (Due After 1 year) | 1,537,428 | 9,204,493 | 9,026,264 | 8,289,829 | 8,139,263 | 1,165,000 | 1,162,000 | ||||||||
| Total Fixed Assets | 8,763,777 | 13,895,994 | 15,789,655 | 12,454,778 | 14,393,642 | 10,029,000 | 10,434,000 | 4,865,000 | 4,771,000 | 1,338,000 | 454,235 | 372,187 | 399,265 | 101,818 | 87,737 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 16,217,065 | 9,986,228 | 7,541,572 | 4,785,571 | 5,114,927 | 9,252,000 | 8,219,000 | 4,415,000 | 5,778,000 | 8,286,000 | 2,975,541 | 4,639,043 | 6,533,715 | 5,484,447 | 4,114,992 |
| Group Debtors | 16,530,511 | 10,677,444 | 4,981,912 | 4,909,409 | 8,177,371 | 8,765,000 | 12,407,000 | 13,384,000 | 9,457,000 | 13,021,000 | 12,027,635 | 12,325,068 | 13,644,417 | 5,750,242 | 4,221,614 |
| Misc Debtors | 1,811,547 | 1,676,175 | 2,016,478 | 1,857,795 | 2,746,005 | 2,314,000 | 2,852,000 | 4,032,000 | 2,472,000 | 801,000 | 1,918,376 | 3,049,038 | 2,136,543 | 3,396,237 | 2,158,271 |
| Cash | 10,759,767 | 2,448,834 | 4,106,461 | 11,004,916 | 5,450,903 | 1,406,000 | 2,688,000 | 4,343,218 | 567,787 | 1,719,585 | 1,950,772 | ||||
| misc current assets | |||||||||||||||
| total current assets | 45,318,890 | 24,788,681 | 18,646,423 | 22,557,691 | 21,489,206 | 20,331,000 | 23,478,000 | 21,831,000 | 19,113,000 | 24,796,000 | 21,264,770 | 20,013,149 | 22,882,462 | 16,350,511 | 12,445,649 |
| total assets | 54,082,667 | 38,684,675 | 34,436,078 | 35,012,469 | 35,882,848 | 30,360,000 | 33,912,000 | 26,696,000 | 23,884,000 | 26,134,000 | 21,719,005 | 20,385,336 | 23,281,727 | 16,452,329 | 12,533,386 |
| Bank overdraft | 7,773,000 | 8,599,000 | 6,724,000 | 940,262 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,204,133 | 843,361 | 407,275 | 1,280,523 | 613,403 | 323,000 | 653,000 | 255,000 | 1,068,000 | 803,000 | 769,365 | 293,020 | 513,796 | 426,400 | 179,980 |
| Group/Directors Accounts | 3,350,479 | 4,363,281 | 2,648,724 | 3,911,350 | 5,764,575 | 5,428,000 | 7,695,000 | 10,761,000 | 11,849,000 | 7,045,000 | 5,159,149 | 6,026,840 | 17,097,515 | 7,385,246 | 6,422,477 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 17,238,170 | 10,040,457 | 11,017,254 | 9,664,916 | 8,911,561 | 11,042,000 | 9,005,000 | 4,310,000 | 5,151,000 | 5,121,000 | 5,088,392 | 4,939,385 | 4,123,481 | 4,167,674 | 3,141,216 |
| total current liabilities | 21,792,782 | 15,247,099 | 14,073,253 | 14,856,789 | 15,289,539 | 24,566,000 | 25,952,000 | 22,050,000 | 18,068,000 | 12,969,000 | 11,016,906 | 12,199,507 | 21,734,792 | 11,979,320 | 9,743,673 |
| loans | 15,000,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 58,000 | 168,000 | 896,000 | 833,296 | 790,262 | ||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,461,909 | 1,742,149 | 2,326,672 | 2,477,691 | 2,489,666 | 3,198,000 | 1,665,000 | 1,027,000 | 1,027,000 | 588,000 | |||||
| total long term liabilities | 16,461,909 | 1,742,149 | 2,326,672 | 2,477,691 | 2,489,666 | 3,198,000 | 1,665,000 | 4,787,000 | 3,871,000 | 4,576,000 | 1,668,296 | 3,239,262 | 923,000 | 73,000 | 2,710,000 |
| total liabilities | 38,254,691 | 16,989,248 | 16,399,925 | 17,334,480 | 17,779,205 | 27,764,000 | 27,617,000 | 26,837,000 | 21,939,000 | 17,545,000 | 12,685,202 | 15,438,769 | 22,657,792 | 12,052,320 | 12,453,673 |
| net assets | 15,827,976 | 21,695,427 | 18,036,153 | 17,677,989 | 18,103,643 | 2,596,000 | 6,295,000 | -141,000 | 1,945,000 | 8,589,000 | 9,033,803 | 4,946,567 | 623,935 | 4,400,009 | 79,713 |
| total shareholders funds | 15,827,976 | 21,695,427 | 18,036,153 | 17,677,989 | 18,103,643 | 2,596,000 | 6,295,000 | -141,000 | 1,945,000 | 8,589,000 | 9,033,803 | 4,946,567 | 623,935 | 4,400,009 | 79,713 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 46,338 | 692,219 | -494,916 | 455,899 | 200,233 | -5,017,000 | -3,401,000 | -2,479,000 | -7,479,000 | 1,581,000 | 2,285,543 | -1,607,537 | -628,454 | 666,737 | 1,316,209 |
| Depreciation | 908,969 | 784,044 | 861,498 | 797,515 | 921,702 | 1,092,000 | 876,000 | 649,000 | 497,000 | 164,000 | 164,373 | 141,180 | 157,992 | 32,969 | 21,829 |
| Amortisation | 30,337 | 52,275 | 6,794 | ||||||||||||
| Tax | -48,573 | 428,209 | 621,752 | -47,380 | 79,609 | 1,368,000 | -144,000 | 988,000 | -2,000 | -114,000 | -38,090 | -20,316 | -65,634 | -23,711 | 423,156 |
| Stock | |||||||||||||||
| Debtors | 4,552,211 | 7,978,114 | 3,723,622 | -4,334,962 | 2,681,566 | -3,144,000 | 2,809,000 | 4,124,000 | -4,401,000 | 5,186,448 | -3,091,597 | -2,301,526 | 7,683,749 | 4,136,049 | 10,494,877 |
| Creditors | 360,772 | 436,086 | -873,248 | 667,120 | 290,403 | -330,000 | 398,000 | -813,000 | 265,000 | 33,635 | 476,345 | -220,776 | 87,396 | 246,420 | 179,980 |
| Accruals and Deferred Income | 7,197,713 | -976,797 | 1,352,338 | 753,355 | -2,130,439 | 2,037,000 | 4,637,000 | -951,000 | -698,000 | 95,312 | 192,041 | 1,606,166 | -44,193 | 1,026,458 | 3,141,216 |
| Deferred Taxes & Provisions | -280,240 | -584,523 | -151,019 | -11,975 | -708,334 | 1,533,000 | 638,000 | 439,000 | 588,000 | ||||||
| Cash flow from operations | 3,663,105 | -7,146,601 | -2,400,423 | 6,949,496 | -4,028,392 | 3,827,000 | 195,000 | -6,730,000 | -2,577,000 | -2,838,501 | 6,171,809 | 2,200,243 | -8,176,642 | -2,187,176 | -5,412,487 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,676,000 | -1,613,000 | 3,120,000 | -1,336,000 | -1,368,391 | 196,000 | 2,928,000 | ||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,012,802 | 1,714,557 | -1,262,626 | -1,853,225 | 336,575 | -2,267,000 | -3,066,000 | -1,088,000 | 4,804,000 | 1,885,851 | -867,691 | -11,070,675 | 9,712,269 | 962,769 | 6,422,477 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | 15,000,000 | ||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 389,134 | 331,346 | 538,728 | 257,621 | -30,554 | -158,000 | -165,000 | -106,000 | -6,000 | 11,000 | 5,782 | 15,485 | 396,014 | 377,980 | 5,829 |
| cash flow from financing | 10,435,982 | 103,403 | -1,031,298 | -2,687,398 | 15,564,376 | -2,317,000 | 6,938,000 | -1,683,000 | 5,763,000 | 26,048 | 657,092 | -5,384,190 | 6,630,283 | 3,838,749 | 4,614,825 |
| cash and cash equivalents | |||||||||||||||
| cash | 8,310,933 | -1,657,627 | -6,898,455 | 5,554,013 | 5,450,903 | -1,406,000 | -1,282,000 | -1,655,218 | 4,343,218 | -567,787 | -1,151,798 | -231,187 | 1,950,772 | ||
| overdraft | -7,773,000 | -826,000 | 1,875,000 | 6,724,000 | -940,262 | 940,262 | |||||||||
| change in cash | 8,310,933 | -1,657,627 | -6,898,455 | 5,554,013 | 13,223,903 | 826,000 | -1,875,000 | -8,130,000 | -1,282,000 | -1,655,218 | 5,283,480 | -1,508,049 | -1,151,798 | -231,187 | 1,950,772 |
dnv services uk limited Credit Report and Business Information
Dnv Services Uk Limited Competitor Analysis
Perform a competitor analysis for dnv services uk limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
dnv services uk limited Ownership
DNV SERVICES UK LIMITED group structure
Dnv Services Uk Limited has 1 subsidiary company.
Ultimate parent company
STIFTELSEN DET NORSKE VERITAS
#0112999
DNV AS
#0146904
2 parents
DNV SERVICES UK LIMITED
01503799
1 subsidiary
dnv services uk limited directors
Dnv Services Uk Limited currently has 4 directors. The longest serving directors include Mr Pradeep Vamadevan (Jan 2019) and Mr Keir Harman (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Pradeep Vamadevan | England | 57 years | Jan 2019 | - | Director |
| Mr Keir Harman | England | 51 years | Feb 2022 | - | Director |
| Mr Robert Stebbings | United Kingdom | 50 years | Feb 2022 | - | Director |
| Mr Kevin Hughes | 43 years | Sep 2022 | - | Director |
P&L
December 2023turnover
77.7m
+32%
operating profit
46.3k
-93%
gross margin
56.6%
+5.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
15.8m
-0.27%
total assets
54.1m
+0.4%
cash
10.8m
+3.39%
net assets
Total assets minus all liabilities
dnv services uk limited company details
company number
01503799
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
June 1980
age
45
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
dnv gl limited (April 2021)
det norske veritas limited (October 2015)
See moreaccountant
-
auditor
KPMG LLP
address
5th floor vivo building, 30 stamford street, london, SE1 9LQ
Bank
DEN NORSKE BANK
Legal Advisor
-
dnv services uk 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 found 6 charges/mortgages relating to dnv services uk limited. Currently there are 0 open charges and 6 have been satisfied in the past.
dnv services uk 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 DNV SERVICES UK LIMITED. This can take several minutes, an email will notify you when this has completed.
dnv services uk limited Companies House Filings - See Documents
| date | description | view/download |
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