servicepower limited

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servicepower limited Company Information

Share SERVICEPOWER LIMITED

Company Number

02032892

Shareholders

servicepower (holdings) limited

Group Structure

View All

Industry

Manufacture of other electronic and electric wires and cables

 

Registered Address

rosse works, moorhead lane, shipley, west yorkshire, BD18 4JH

servicepower limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of SERVICEPOWER LIMITED at £1.6m based on a Turnover of £3.3m and 0.48x industry multiple (adjusted for size and gross margin).

servicepower limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SERVICEPOWER LIMITED at £0 based on an EBITDA of £-1.7k and a 3.75x industry multiple (adjusted for size and gross margin).

servicepower limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of SERVICEPOWER LIMITED at £2.5m based on Net Assets of £1.3m and 1.97x industry multiple (adjusted for liquidity).

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Servicepower Limited Overview

Servicepower Limited is a live company located in shipley, BD18 4JH with a Companies House number of 02032892. It operates in the manufacture of other electronic and electric wires and cables sector, SIC Code 27320. Founded in July 1986, it's largest shareholder is servicepower (holdings) limited with a 100% stake. Servicepower Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with healthy growth in recent years.

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Servicepower Limited Health Check

Pomanda's financial health check has awarded Servicepower Limited a 4 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 Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £3.3m, make it smaller than the average company (£16.1m)

£3.3m - Servicepower Limited

£16.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a slower rate (12.3%)

9% - Servicepower Limited

12.3% - Industry AVG

production

Production

with a gross margin of 27.5%, this company has a comparable cost of product (27.5%)

27.5% - Servicepower Limited

27.5% - Industry AVG

profitability

Profitability

an operating margin of -1.5% make it less profitable than the average company (7.6%)

-1.5% - Servicepower Limited

7.6% - Industry AVG

employees

Employees

with 35 employees, this is below the industry average (66)

35 - Servicepower Limited

66 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)

£48.3k - Servicepower Limited

£48.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £93.5k, this is less efficient (£289.9k)

£93.5k - Servicepower Limited

£289.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is earlier than average (61 days)

36 days - Servicepower Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is close to average (35 days)

33 days - Servicepower Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 43 days, this is less than average (76 days)

43 days - Servicepower Limited

76 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (14 weeks)

37 weeks - Servicepower Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.9%, this is a lower level of debt than the average (48.1%)

29.9% - Servicepower Limited

48.1% - Industry AVG

SERVICEPOWER LIMITED financials

EXPORTms excel logo

Servicepower Limited's latest turnover from July 2024 is estimated at £3.3 million and the company has net assets of £1.3 million. According to their latest financial statements, Servicepower Limited has 35 employees and maintains cash reserves of £289.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2024Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover3,271,8363,776,5063,041,6652,505,1242,690,5233,043,9923,254,3652,595,0532,850,3971,817,4692,672,0842,665,3533,121,4702,689,8472,858,049
Other Income Or Grants
Cost Of Sales2,372,6152,856,6142,346,4401,957,8222,031,9852,291,7622,442,5341,828,3171,984,7021,243,2321,960,9421,971,0532,338,4332,015,8702,169,115
Gross Profit899,221919,892695,225547,302658,538752,230811,831766,737865,695574,238711,142694,300783,037673,978688,934
Admin Expenses949,038926,740684,459466,310627,739594,898638,025518,106624,028529,763600,254895,864565,582569,863635,224-765,455
Operating Profit-49,817-6,84810,76680,99230,799157,332173,806248,631241,66744,475110,888-201,564217,455104,11553,710765,455
Interest Payable2,4765,5507,0269,02210,63926,76436,27633,46263,75148,8087,3833,960368828460
Interest Receivable12,87710,1023,5083583492,3271,7197538121,1301,7411,5721,279945487181
Pre-Tax Profit-39,415-2,2967,24872,32820,509132,894139,249215,922178,728-3,203105,246-203,952218,734104,69253,368765,176
Tax-1,377-13,742-3,897-25,250-26,457-41,025-35,745-22,102-52,496-27,220-14,943-214,249
Profit After Tax-39,415-2,2965,87158,58616,612107,644112,792174,897142,982-3,20383,144-203,952166,23877,47238,425550,927
Dividends Paid
Retained Profit-39,415-2,2965,87158,58616,612107,644112,792174,897142,982-3,20383,144-203,952166,23877,47238,425550,927
Employee Costs1,690,9561,500,0381,360,0001,414,5211,477,0131,465,4091,388,2591,349,3871,279,735443,066644,912620,275693,005629,682697,600
Number Of Employees353434363636363637132019222124
EBITDA*-1,70641,68264,494140,859100,221221,186233,992308,298292,48495,308158,643-163,145252,329147,183185,788968,559

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2024Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets906,652900,818922,301960,8901,016,2991,033,6121,045,9221,054,8601,080,0731,064,268375,917359,554142,352146,932185,602128,881
Intangible Assets50,000
Investments & Other6,0006,0006,0006,0006,0006,0006,0006,0006,000692,854692,854692,854692,854692,854692,854736,139
Debtors (Due After 1 year)
Total Fixed Assets912,652906,818928,301966,8901,022,2991,039,6121,051,9221,060,8601,086,0731,757,1221,068,7711,052,408835,206839,786878,456915,020
Stock & work in progress280,505298,429307,392263,640271,586230,277196,749235,896172,315166,882187,631238,645247,985217,835209,672184,246
Trade Debtors328,853556,878420,109369,971340,027449,456500,883480,633640,264539,480650,268603,347791,681679,334615,337588,259
Group Debtors
Misc Debtors23,81127,02648,99228,98038,65127,453314,29223,73623,74823,317
Cash289,197201,358202,720358,571358,234338,857281,559406,235196,052128,625323,427372,918255,957255,719122,18872,452
misc current assets
total current assets922,3661,083,691979,2131,021,1621,008,4981,046,0431,293,4831,146,5001,032,379858,3041,161,3261,214,9101,295,6231,152,888947,197844,957
total assets1,835,0181,990,5091,907,5141,988,0522,030,7972,085,6552,345,4052,207,3602,118,4522,615,4262,230,0972,267,3182,130,8291,992,6741,825,6531,759,977
Bank overdraft7,46929,07127,83626,62325,49934,995102,51464,68857,93989,221
Bank loan
Trade Creditors 217,658249,433183,915189,073165,576230,835234,678221,558241,004177,480560,398626,521548,506571,417561,334543,186
Group/Directors Accounts
other short term finances742,0054,190
hp & lease commitments35,61315,47017,62310,214
other current liabilities143,540245,096194,710204,825283,583265,921199,967265,098252,235168,708
total current liabilities404,280523,600406,461420,521474,658531,751537,159566,814568,8011,187,628560,398626,521548,506571,417561,334547,376
loans7,46936,540102,831140,864147,472508,038440,958507,192565,218105,337121,83711,3199,970
hp & lease commitments19,72235,1938,181
Accruals and Deferred Income
other liabilities108,597111,364114,131116,897119,664127,965130,73199,908143,3774,527
provisions35,32121,84121,85125,14331,53733,77232,42522,10921,6398,98711,0945,3688,1568,80111,944
total long term liabilities143,918140,674172,522244,871292,065181,244668,428613,520564,024582,386216,339270,5828,15613,32823,2639,970
total liabilities548,198664,274578,983665,392766,723712,9951,205,5871,180,3341,132,8251,770,014776,737897,103556,662584,745584,597557,346
net assets1,286,8201,326,2351,328,5311,322,6601,264,0741,372,6601,139,8181,027,026985,627845,4121,453,3601,370,2151,574,1671,407,9291,241,0561,202,631
total shareholders funds1,286,8201,326,2351,328,5311,322,6601,264,0741,372,6601,139,8181,027,026985,627845,4121,453,3601,370,2151,574,1671,407,9291,241,0561,202,631
Jul 2024Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit-49,817-6,84810,76680,99230,799157,332173,806248,631241,66744,475110,888-201,564217,455104,11553,710765,455
Depreciation48,11148,53053,72859,86769,42263,85460,18659,66750,81750,83347,75538,41934,87443,06824,24049,710
Amortisation107,838153,394
Tax-1,377-13,742-3,897-25,250-26,457-41,025-35,745-22,102-52,496-27,220-14,943-214,249
Stock-17,924-8,96343,752-7,94641,30933,528-39,14763,5815,433-20,749-51,014-9,34030,1508,16325,426184,246
Debtors-231,240114,80370,15020,273-98,231-338,266310,806-159,643101,215-87,47146,921-188,334112,34763,99727,078588,259
Creditors-31,77565,518-5,15823,497-65,259-3,84313,120-19,44663,524-382,918-66,12378,015-22,91110,08318,148543,186
Accruals and Deferred Income-101,55650,386-10,115-78,75817,66265,954-65,13112,86383,527168,708
Deferred Taxes & Provisions13,480-10-3,292-6,394-2,2351,34710,31647012,652-2,1075,726-2,788-645-3,14311,944
Cash flow from operations127,60751,736-69,35053,135103,414564,132-105,819357,222309,794-12,78980,237109,75633,78054,743148,433524,991
Investing Activities
capital expenditure-53,945-27,047-15,139-4,458-52,109-51,544-51,248-34,454-66,622-739,184-64,118-255,621-30,294-4,398-138,799-381,985
Change in Investments-686,854-43,285736,139
cash flow from investments-53,945-27,047-15,139-4,458-52,109-51,544-51,248-34,454620,232-739,184-64,118-255,621-30,294-4,398-95,514-1,118,124
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans -742,005742,005-4,1904,190
Long term loans-7,469-29,071-66,291-38,033-6,608-360,56667,080-66,234-58,026459,881-16,500121,837-11,3191,3499,970
Hire Purchase and Lease Commitments35,613-35,192-17,62434,42118,395
other long term liabilities-2,767-2,767-2,766-2,767119,664-127,965-2,766130,731-99,908-43,469143,377-4,5274,527
share issue-125,198125,198-133,498-2,767-604,745189,401651,704
interest10,4014,552-3,518-8,664-10,290-24,437-34,557-32,709-62,939-47,678-5,642-2,3881,279577-341-279
cash flow from financing35,778-27,286-72,575-49,464-22,432-387,770-5,435-119,334-831,316467,950-65,610262,826-3,24883,186-3,182665,585
cash and cash equivalents
cash87,839-1,362-155,85133719,37757,298-124,676210,18367,427-194,802-49,491116,961238133,53149,73672,452
overdraft-21,6021,2351,2131,124-9,496-67,51937,8266,749-31,28289,221
change in cash109,441-2,597-157,064-78728,873124,817-162,502203,43498,709-284,023-49,491116,961238133,53149,73672,452

servicepower limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Servicepower Limited Competitor Analysis

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Perform a competitor analysis for servicepower limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BD18 area or any other competitors across 12 key performance metrics.

servicepower limited Ownership

SERVICEPOWER LIMITED group structure

Servicepower Limited has 3 subsidiary companies.

SERVICEPOWER LIMITED Shareholders

servicepower (holdings) limited 100%

servicepower limited directors

Servicepower Limited currently has 2 directors. The longest serving directors include Mr Martin Johnson (Oct 1991) and Mr Michael Gale-Johnson (Nov 2023).

officercountryagestartendrole
Mr Martin JohnsonEngland66 years Oct 1991- Director
Mr Michael Gale-JohnsonUnited Kingdom32 years Nov 2023- Director

P&L

July 2024

turnover

3.3m

-13%

operating profit

-49.8k

0%

gross margin

27.5%

+12.83%

turnover

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

Balance Sheet

July 2024

net assets

1.3m

-0.03%

total assets

1.8m

-0.08%

cash

289.2k

+0.44%

net assets

Total assets minus all liabilities

servicepower limited company details

company number

02032892

Type

Private limited with Share Capital

industry

27320 - Manufacture of other electronic and electric wires and cables

incorporation date

July 1986

age

39

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

July 2024

previous names

N/A

accountant

-

auditor

-

address

rosse works, moorhead lane, shipley, west yorkshire, BD18 4JH

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

servicepower 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 4 charges/mortgages relating to servicepower limited. Currently there are 1 open charges and 3 have been satisfied in the past.

servicepower 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.

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servicepower limited Companies House Filings - See Documents

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