vsl systems (uk) limited
vsl systems (uk) limited Company Information
Company Number
02285599
Next Accounts
Sep 2025
Shareholders
vsl international a.g.
Group Structure
View All
Industry
Construction of other civil engineering projects n.e.c.
Registered Address
becket house, 1 lambeth palace road, london, SE1 7EU
Website
www.vsl.comvsl systems (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VSL SYSTEMS (UK) LIMITED at £17.1m based on a Turnover of £43.4m and 0.4x industry multiple (adjusted for size and gross margin).
vsl systems (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VSL SYSTEMS (UK) LIMITED at £15.4m based on an EBITDA of £3m and a 5.11x industry multiple (adjusted for size and gross margin).
vsl systems (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VSL SYSTEMS (UK) LIMITED at £20.8m based on Net Assets of £10.8m and 1.93x industry multiple (adjusted for liquidity).
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Vsl Systems (uk) Limited Overview
Vsl Systems (uk) Limited is a live company located in london, SE1 7EU with a Companies House number of 02285599. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in August 1988, it's largest shareholder is vsl international a.g. with a 100% stake. Vsl Systems (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £43.4m with high growth in recent years.
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Vsl Systems (uk) Limited Health Check
Pomanda's financial health check has awarded Vsl Systems (Uk) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £43.4m, make it larger than the average company (£14m)
£43.4m - Vsl Systems (uk) Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (9%)
25% - Vsl Systems (uk) Limited
9% - Industry AVG
Production
with a gross margin of 9.1%, this company has a higher cost of product (17.5%)
9.1% - Vsl Systems (uk) Limited
17.5% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (5.7%)
3.8% - Vsl Systems (uk) Limited
5.7% - Industry AVG
Employees
with 170 employees, this is above the industry average (53)
- Vsl Systems (uk) Limited
53 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Vsl Systems (uk) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £255.1k, this is equally as efficient (£255.1k)
- Vsl Systems (uk) Limited
£255.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (51 days)
42 days - Vsl Systems (uk) Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (35 days)
16 days - Vsl Systems (uk) Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vsl Systems (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (20 weeks)
45 weeks - Vsl Systems (uk) Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.2%, this is a similar level of debt than the average (60.3%)
55.2% - Vsl Systems (uk) Limited
60.3% - Industry AVG
VSL SYSTEMS (UK) LIMITED financials
Vsl Systems (Uk) Limited's latest turnover from December 2023 is £43.4 million and the company has net assets of £10.8 million. According to their latest financial statements, we estimate that Vsl Systems (Uk) Limited has 170 employees and maintains cash reserves of £11.6 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 | 43,362,000 | 60,523,000 | 57,874,807 | 21,957,379 | 7,653,583 | 6,184,582 | 19,240,283 | 17,123,635 | 12,575,721 | 1,853,359 | 838,811 | 1,004,788 | 357,680 | 230,831 | 347,763 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 39,421,000 | 49,314,000 | 47,539,909 | 17,851,000 | 5,771,431 | 4,501,147 | 16,534,642 | 15,536,161 | 11,549,109 | 1,716,374 | 725,711 | 847,934 | 283,402 | 169,157 | 240,475 |
| Gross Profit | 3,941,000 | 11,209,000 | 10,334,898 | 4,106,379 | 1,882,152 | 1,683,435 | 2,705,641 | 1,587,474 | 1,026,612 | 136,985 | 113,100 | 156,854 | 74,278 | 61,674 | 107,288 |
| Admin Expenses | 2,277,000 | 754,000 | 420,438 | 914,806 | 1,446,775 | 1,034,849 | 2,630,215 | 1,720,586 | 1,084,296 | 212,825 | 106,951 | 51,541 | 46,392 | 32,268 | 72,914 |
| Operating Profit | 1,664,000 | 10,455,000 | 9,914,460 | 3,191,573 | 435,377 | 648,586 | 75,426 | -133,112 | -57,684 | -75,840 | 6,149 | 105,313 | 27,886 | 29,406 | 34,374 |
| Interest Payable | 49,000 | 24,000 | 31,810 | 52,375 | 43,509 | 36,767 | 24,424 | 46,461 | 4,306 | 79 | 18 | 45 | 681 | ||
| Interest Receivable | 285,000 | 92,000 | 3,371 | 57,120 | 5,729 | 3,089 | 2,177 | 4,073 | 4,376 | 1,342 | 1,241 | 2,829 | 2,497 | 278 | 858 |
| Pre-Tax Profit | 1,900,000 | 10,523,000 | 9,886,021 | 3,196,318 | 397,597 | 614,908 | 53,179 | -175,500 | -57,614 | -74,577 | 7,372 | 108,142 | 30,338 | 29,684 | 35,232 |
| Tax | -313,000 | -1,960,000 | -1,501,708 | -417,645 | -67,839 | -89,622 | -6,935 | 57 | 4,908 | -16,921 | -780 | -662 | -78 | -240 | |
| Profit After Tax | 1,587,000 | 8,563,000 | 8,384,313 | 2,778,673 | 329,758 | 525,286 | 46,244 | -175,500 | -57,557 | -69,669 | -9,549 | 107,362 | 29,676 | 29,606 | 34,992 |
| Dividends Paid | 11,857,000 | ||||||||||||||
| Retained Profit | 1,587,000 | -3,294,000 | 8,384,313 | 2,778,673 | 329,758 | 525,286 | 46,244 | -175,500 | -57,557 | -69,669 | -9,549 | 107,362 | 29,676 | 29,606 | 34,992 |
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 3 | 3 | |||||||||
| EBITDA* | 3,011,000 | 12,017,000 | 11,692,058 | 3,650,735 | 456,424 | 668,363 | 85,840 | -130,891 | -57,684 | -75,840 | 6,149 | 105,313 | 27,886 | 29,406 | 34,374 |
* 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 | 1,698,000 | 3,719,000 | 5,268,395 | 5,359,275 | 22,294 | 66,033 | 57,702 | 20,702 | 14,889 | ||||||
| Intangible Assets | 577,000 | ||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 13,291 | ||||||||||||||
| Total Fixed Assets | 2,275,000 | 3,719,000 | 5,255,104 | 5,359,275 | 22,294 | 66,033 | 57,702 | 20,702 | 14,889 | ||||||
| Stock & work in progress | 877,521 | 716,845 | |||||||||||||
| Trade Debtors | 5,082,000 | 220,000 | 2,148,367 | 3,169,657 | 2,133,385 | 1,422,344 | 2,390,325 | 3,361,845 | 1,197,723 | 1,433,669 | 887,119 | 555,466 | 170,881 | 60,176 | 28,928 |
| Group Debtors | 2,597,000 | 1,215,000 | 509,752 | 1,756,699 | 1,642,583 | 120,300 | 455,136 | 502,249 | 500,000 | 17,040 | |||||
| Misc Debtors | 2,629,000 | 6,259,000 | 961,566 | 77,752 | 40,608 | 403,986 | 1,019,435 | 308,205 | 66,048 | 1,432 | 1,260 | 1,461 | 1,244 | 3,904 | |
| Cash | 11,570,000 | 10,712,000 | 13,537,371 | 8,295,597 | 5,214,303 | 3,979,180 | 4,348,227 | 5,604,013 | 4,286,692 | 5,865,127 | 217,091 | 121,179 | 92,248 | 157,420 | 567,512 |
| misc current assets | 587,332 | ||||||||||||||
| total current assets | 21,878,000 | 18,406,000 | 17,744,388 | 13,299,705 | 9,030,879 | 5,410,932 | 7,262,838 | 10,862,814 | 6,509,465 | 7,364,844 | 1,105,642 | 1,133,041 | 766,839 | 718,840 | 617,384 |
| total assets | 24,153,000 | 22,125,000 | 22,999,492 | 18,658,980 | 9,053,173 | 5,476,965 | 7,320,540 | 10,883,516 | 6,524,354 | 7,364,844 | 1,105,642 | 1,133,041 | 766,839 | 718,840 | 617,384 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,814,000 | 627,000 | 2,703,770 | 1,012,070 | 796,454 | 158,961 | 486,188 | 3,282,291 | 2,576,262 | 1,067,270 | 58,351 | 21,508 | 18,359 | 2,503 | 1,432 |
| Group/Directors Accounts | 2,196,000 | 2,866,000 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 446,000 | 184,000 | 213,058 | 1,212,000 | |||||||||||
| other current liabilities | 8,679,000 | 8,902,000 | 7,555,134 | 12,237,703 | 6,892,175 | 4,283,218 | 6,324,852 | 7,137,969 | 3,309,336 | 5,601,261 | 281,309 | 336,002 | 80,311 | 77,844 | 7,065 |
| total current liabilities | 13,135,000 | 12,579,000 | 10,471,962 | 14,461,773 | 7,688,629 | 4,442,179 | 6,811,040 | 10,420,260 | 5,885,598 | 6,668,531 | 339,660 | 357,510 | 98,670 | 80,347 | 8,497 |
| loans | |||||||||||||||
| hp & lease commitments | 144,000 | 216,000 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 54,000 | 97,000 | 107,980 | ||||||||||||
| total long term liabilities | 198,000 | 313,000 | 53,990 | ||||||||||||
| total liabilities | 13,333,000 | 12,892,000 | 10,471,962 | 14,515,763 | 7,688,629 | 4,442,179 | 6,811,040 | 10,420,260 | 5,885,598 | 6,668,531 | 339,660 | 357,510 | 98,670 | 80,347 | 8,497 |
| net assets | 10,820,000 | 9,233,000 | 12,527,530 | 4,143,217 | 1,364,544 | 1,034,786 | 509,500 | 463,256 | 638,756 | 696,313 | 765,982 | 775,531 | 668,169 | 638,493 | 608,887 |
| total shareholders funds | 10,820,000 | 9,233,000 | 12,527,530 | 4,143,217 | 1,364,544 | 1,034,786 | 509,500 | 463,256 | 638,756 | 696,313 | 765,982 | 775,531 | 668,169 | 638,493 | 608,887 |
| 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 | 1,664,000 | 10,455,000 | 9,914,460 | 3,191,573 | 435,377 | 648,586 | 75,426 | -133,112 | -57,684 | -75,840 | 6,149 | 105,313 | 27,886 | 29,406 | 34,374 |
| Depreciation | 913,000 | 1,562,000 | 1,777,598 | 459,162 | 21,047 | 19,777 | 10,414 | 2,221 | |||||||
| Amortisation | 434,000 | ||||||||||||||
| Tax | -313,000 | -1,960,000 | -1,501,708 | -417,645 | -67,839 | -89,622 | -6,935 | 57 | 4,908 | -16,921 | -780 | -662 | -78 | -240 | |
| Stock | -877,521 | 160,676 | 716,845 | ||||||||||||
| Debtors | 2,614,000 | 4,061,024 | -1,371,132 | 1,187,532 | 2,394,232 | -1,492,267 | -1,466,669 | 2,875,352 | 6,211 | 611,166 | -123,311 | 337,271 | 113,171 | 511,548 | 49,872 |
| Creditors | 1,187,000 | -2,076,770 | 1,691,700 | 215,616 | 637,493 | -327,227 | -2,796,103 | 706,029 | 1,508,992 | 1,008,919 | 36,843 | 3,149 | 15,856 | 1,071 | 1,432 |
| Accruals and Deferred Income | -223,000 | 1,346,866 | -4,682,569 | 5,345,528 | 2,608,957 | -2,041,634 | -813,117 | 3,828,633 | -2,291,925 | 5,319,952 | -54,693 | 255,691 | 2,467 | 70,779 | 7,065 |
| Deferred Taxes & Provisions | -43,000 | 97,000 | -107,980 | 107,980 | |||||||||||
| Cash flow from operations | 1,005,000 | 5,363,072 | 8,462,633 | 7,714,682 | 1,240,803 | -297,853 | -1,186,125 | 1,367,743 | -1,563,616 | 5,646,773 | 94,689 | 26,102 | -67,624 | -410,370 | -7,241 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -670,000 | 2,866,000 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 190,000 | 186,942 | -998,942 | 1,212,000 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 236,000 | 68,000 | -28,439 | 4,745 | -37,780 | -33,678 | -22,247 | -42,388 | 70 | 1,263 | 1,223 | 2,829 | 2,452 | 278 | 177 |
| cash flow from financing | -244,000 | 3,120,412 | -1,027,381 | 1,216,745 | -37,780 | -33,678 | -22,247 | -42,388 | 70 | 1,263 | 1,223 | 2,829 | 2,452 | 278 | 574,072 |
| cash and cash equivalents | |||||||||||||||
| cash | 858,000 | -2,825,371 | 5,241,774 | 3,081,294 | 1,235,123 | -369,047 | -1,255,786 | 1,317,321 | -1,578,435 | 5,648,036 | 95,912 | 28,931 | -65,172 | -410,092 | 567,512 |
| overdraft | |||||||||||||||
| change in cash | 858,000 | -2,825,371 | 5,241,774 | 3,081,294 | 1,235,123 | -369,047 | -1,255,786 | 1,317,321 | -1,578,435 | 5,648,036 | 95,912 | 28,931 | -65,172 | -410,092 | 567,512 |
vsl systems (uk) limited Credit Report and Business Information
Vsl Systems (uk) Limited Competitor Analysis
Perform a competitor analysis for vsl systems (uk) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
vsl systems (uk) limited Ownership
VSL SYSTEMS (UK) LIMITED group structure
Vsl Systems (Uk) Limited has no subsidiary companies.
Ultimate parent company
BOUYGUES SA
#0003993
VSL INTERNATIONAL LTD
#0019450
2 parents
VSL SYSTEMS (UK) LIMITED
02285599
vsl systems (uk) limited directors
Vsl Systems (Uk) Limited currently has 3 directors. The longest serving directors include Jean Mondon (Apr 2002) and Mr Christophe Peltzer (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Jean Mondon | England | 55 years | Apr 2002 | - | Director |
| Mr Christophe Peltzer | Switzerland | 58 years | Sep 2016 | - | Director |
| Mr Martin Bellamy | United Kingdom | 60 years | Dec 2024 | - | Director |
P&L
December 2023turnover
43.4m
-28%
operating profit
1.7m
-84%
gross margin
9.1%
-50.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.8m
+0.17%
total assets
24.2m
+0.09%
cash
11.6m
+0.08%
net assets
Total assets minus all liabilities
vsl systems (uk) limited company details
company number
02285599
Type
Private limited with Share Capital
industry
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
August 1988
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
mantasprint limited (November 1988)
accountant
-
auditor
FORVIS MAZARS LLP
address
becket house, 1 lambeth palace road, london, SE1 7EU
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
vsl systems (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 did not find charges/mortgages relating to vsl systems (uk) limited.
vsl systems (uk) limited Capital Raised & Share Issues BETA
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vsl systems (uk) limited Companies House Filings - See Documents
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