southern water services limitedEstimated Valuation
£1.7b
Pomanda estimates the enterprise value of SOUTHERN WATER SERVICES LIMITED at £1.7b based on a Turnover of £886.5m and 1.91x industry multiple (adjusted for size and gross margin).
southern water services limitedEstimated Valuation
£2.8b
Pomanda estimates the enterprise value of SOUTHERN WATER SERVICES LIMITED at £2.8b based on an EBITDA of £290m and a 9.76x industry multiple (adjusted for size and gross margin).
southern water services limitedEstimated Valuation
£2.4b
Pomanda estimates the enterprise value of SOUTHERN WATER SERVICES LIMITED at £2.4b based on Net Assets of £938.8m and 2.54x industry multiple (adjusted for liquidity).
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Southern Water Services LimitedOverview
Southern Water Services Limited is a live company located in worthing, BN13 3NX with a Companies House number of 02366670. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in April 1989, it's largest shareholder is
sws holdings limited
with a 99.8% stake. Southern Water Services Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£886.5m with
low
growth in recent years.
Pomanda's financial health check has awarded Southern Water Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
1 Regular
4 Weak
Size
annual sales of £886.5m, make it larger than the average company (£12.5m)
£886.5m - Southern Water Services Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.1%)
3% - Southern Water Services Limited
8.1% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
32.9% - Southern Water Services Limited
32.9% - Industry AVG
Profitability
an operating margin of -8.2% make it less profitable than the average company (7%)
-8.2% - Southern Water Services Limited
7% - Industry AVG
Employees
with 2614 employees, this is above the industry average (78)
2614 - Southern Water Services Limited
78 - Industry AVG
Pay Structure
on an average salary of £60.7k, the company has a higher pay structure (£47.4k)
£60.7k - Southern Water Services Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £339.1k, this is more efficient (£166.9k)
£339.1k - Southern Water Services Limited
£166.9k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (58 days)
42 days - Southern Water Services Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (32 days)
47 days - Southern Water Services Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (11 days)
8 days - Southern Water Services Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 34 weeks, this is more cash available to meet short term requirements (20 weeks)
34 weeks - Southern Water Services Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.2%, this is a higher level of debt than the average (67.6%)
89.2% - Southern Water Services Limited
67.6% - Industry AVG
SOUTHERN WATER SERVICES LIMITED financials
EXPORT
Southern Water Services Limited's latest turnover from March 2024 is £886.5 million and the company has net assets of £938.8 million. According to their latest financial statements, Southern Water Services Limited has 2,614 employees and maintains cash reserves of £413.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
886,500,000
815,700,000
844,500,000
819,800,000
878,000,000
740,800,000
857,700,000
809,700,000
803,700,000
826,200,000
806,200,000
778,700,000
716,200,000
647,100,000
679,100,000
Other Income Or Grants
Cost Of Sales
595,011,760
534,805,274
518,485,474
495,684,322
519,035,098
435,080,282
507,904,692
479,650,788
446,690,873
454,876,049
470,800,000
425,300,000
417,300,000
421,200,000
348,100,000
Gross Profit
291,488,240
280,894,726
326,014,526
324,115,678
358,964,902
305,719,718
349,795,308
330,049,212
357,009,127
371,323,951
335,400,000
353,400,000
298,900,000
225,900,000
331,000,000
Admin Expenses
364,288,240
299,294,726
309,914,526
185,315,678
146,664,902
187,819,718
86,495,308
71,149,212
72,509,127
39,823,951
29,200,000
22,400,000
27,300,000
34,400,000
27,100,000
Operating Profit
-72,800,000
-18,400,000
16,100,000
138,800,000
212,300,000
117,900,000
263,300,000
258,900,000
284,500,000
331,500,000
306,200,000
331,000,000
271,600,000
191,500,000
303,900,000
Interest Payable
290,200,000
316,600,000
201,000,000
166,400,000
199,200,000
209,200,000
176,600,000
161,200,000
145,500,000
150,100,000
255,700,000
239,500,000
260,700,000
247,100,000
181,900,000
Interest Receivable
66,800,000
38,000,000
4,800,000
11,400,000
419,900,000
53,400,000
57,900,000
58,100,000
59,300,000
58,200,000
88,500,000
86,600,000
72,800,000
66,900,000
66,700,000
Pre-Tax Profit
-207,600,000
368,600,000
-847,600,000
-361,500,000
433,900,000
-253,600,000
202,900,000
-260,600,000
128,300,000
110,600,000
139,500,000
179,100,000
84,900,000
12,100,000
190,100,000
Tax
-3,300,000
-166,600,000
86,100,000
65,700,000
-105,200,000
20,700,000
-32,200,000
84,900,000
-8,400,000
-17,000,000
30,300,000
-22,200,000
-5,000,000
19,900,000
-60,800,000
Profit After Tax
-210,900,000
202,000,000
-761,500,000
-295,800,000
328,700,000
-232,900,000
170,700,000
-175,700,000
119,900,000
93,600,000
169,800,000
156,900,000
79,900,000
32,000,000
129,300,000
Dividends Paid
4,000,000
4,000,000
34,800,000
54,100,000
169,700,000
125,100,000
44,900,000
43,800,000
43,200,000
42,100,000
77,100,000
40,900,000
Retained Profit
-210,900,000
202,000,000
-761,500,000
-299,800,000
324,700,000
-267,700,000
116,600,000
-345,400,000
-5,200,000
48,700,000
126,000,000
113,700,000
37,800,000
-45,100,000
88,400,000
Employee Costs
158,800,000
149,000,000
74,800,000
67,600,000
78,600,000
67,400,000
63,900,000
56,500,000
56,300,000
50,100,000
78,400,000
60,100,000
64,300,000
59,400,000
55,200,000
Number Of Employees
2,614
2,480
2,216
2,138
2,204
2,327
2,289
2,120
2,119
2,033
2,026
1,938
1,742
1,505
1,508
EBITDA*
290,000,000
328,700,000
340,200,000
426,700,000
476,300,000
389,800,000
522,800,000
504,100,000
519,100,000
554,300,000
544,000,000
2,422,500,000
478,400,000
377,300,000
480,800,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
7,570,000,000
7,092,800,000
6,787,200,000
6,672,400,000
6,809,200,000
6,256,500,000
6,707,100,000
6,526,100,000
6,449,000,000
6,441,700,000
4,432,000,000
4,264,300,000
4,109,500,000
3,883,100,000
3,666,600,000
Intangible Assets
98,000,000
110,000,000
100,000,000
58,600,000
42,100,000
45,600,000
61,100,000
61,100,000
42,000,000
42,900,000
Investments & Other
115,000,000
95,000,000
74,800,000
97,400,000
223,500,000
75,400,000
29,500,000
29,200,000
29,200,000
29,200,000
29,200,000
29,200,000
70,800,000
73,600,000
76,300,000
Debtors (Due After 1 year)
130,000,000
130,000,000
812,300,000
812,300,000
812,300,000
812,300,000
812,300,000
Total Fixed Assets
7,783,000,000
7,297,800,000
6,887,200,000
6,731,000,000
6,721,300,000
6,302,100,000
6,768,200,000
6,587,200,000
6,491,000,000
6,484,600,000
5,273,500,000
5,105,800,000
4,992,600,000
4,769,000,000
4,555,200,000
Stock & work in progress
13,500,000
10,400,000
10,200,000
6,300,000
5,100,000
4,700,000
2,900,000
2,700,000
2,400,000
2,200,000
2,000,000
1,500,000
1,900,000
1,600,000
1,200,000
Trade Debtors
102,700,000
91,000,000
83,300,000
86,900,000
102,600,000
113,300,000
96,200,000
154,400,000
166,700,000
179,500,000
79,300,000
76,900,000
62,100,000
117,700,000
191,400,000
Group Debtors
114,600,000
39,500,000
45,500,000
30,600,000
61,100,000
113,500,000
118,400,000
13,500,000
4,800,000
18,000,000
18,200,000
256,100,000
22,900,000
8,000,000
17,400,000
Misc Debtors
130,700,000
122,900,000
115,200,000
103,200,000
99,300,000
105,700,000
108,500,000
29,400,000
20,800,000
23,000,000
100,500,000
83,600,000
78,500,000
22,400,000
25,700,000
Cash
413,500,000
115,800,000
157,400,000
339,500,000
129,300,000
372,000,000
164,400,000
285,300,000
17,900,000
173,500,000
135,500,000
139,900,000
75,400,000
172,000,000
288,700,000
misc current assets
100,000,000
285,000,000
3,900,000
2,600,000
2,700,000
2,700,000
total current assets
875,000,000
379,600,000
696,600,000
566,500,000
407,600,000
709,200,000
494,300,000
485,300,000
212,600,000
396,200,000
335,500,000
558,000,000
243,400,000
324,400,000
527,100,000
total assets
8,658,000,000
7,677,400,000
7,583,800,000
7,297,500,000
7,128,900,000
7,011,300,000
7,262,500,000
7,072,500,000
6,703,600,000
6,880,800,000
5,609,000,000
5,663,800,000
5,236,000,000
5,093,400,000
5,082,300,000
Bank overdraft
304,400,000
29,600,000
88,900,000
38,900,000
Bank loan
Trade Creditors
76,800,000
74,800,000
26,800,000
32,400,000
30,500,000
18,100,000
21,000,000
18,900,000
13,700,000
27,000,000
127,500,000
19,400,000
15,700,000
12,300,000
34,300,000
Group/Directors Accounts
75,400,000
43,600,000
30,300,000
69,000,000
329,100,000
83,800,000
58,200,000
57,000,000
other short term finances
33,000,000
19,200,000
713,800,000
504,500,000
352,400,000
8,600,000
7,000,000
300,000
300,000
300,000
300,000
hp & lease commitments
3,900,000
4,000,000
3,600,000
2,500,000
2,200,000
500,000
other current liabilities
427,900,000
388,800,000
400,400,000
285,200,000
271,000,000
348,400,000
336,600,000
291,200,000
174,400,000
182,100,000
97,100,000
83,700,000
153,400,000
160,500,000
105,500,000
total current liabilities
617,000,000
530,400,000
735,200,000
349,700,000
1,017,500,000
871,000,000
710,000,000
349,500,000
277,000,000
248,000,000
300,600,000
505,900,000
253,200,000
231,300,000
197,100,000
loans
6,576,900,000
5,820,600,000
9,608,300,000
9,399,200,000
7,202,400,000
7,971,600,000
8,597,000,000
9,205,400,000
8,187,300,000
8,290,300,000
3,819,500,000
3,793,500,000
3,692,100,000
3,556,600,000
3,490,400,000
hp & lease commitments
30,200,000
32,500,000
29,600,000
27,200,000
28,200,000
1,600,000
1,300,000
Accruals and Deferred Income
15,300,000
15,600,000
16,000,000
16,400,000
16,700,000
other liabilities
43,700,000
68,500,000
93,100,000
110,300,000
132,600,000
162,900,000
26,600,000
62,200,000
43,500,000
40,200,000
43,800,000
144,300,000
47,900,000
provisions
373,400,000
370,700,000
535,800,000
846,400,000
871,800,000
879,600,000
911,600,000
870,000,000
935,600,000
1,028,000,000
314,700,000
357,600,000
350,400,000
403,800,000
451,800,000
total long term liabilities
7,102,200,000
6,365,300,000
6,259,600,000
5,983,400,000
4,857,900,000
5,302,600,000
5,427,000,000
5,768,900,000
5,066,800,000
5,275,200,000
4,267,200,000
4,197,200,000
4,176,100,000
4,013,600,000
4,024,800,000
total liabilities
7,719,200,000
6,895,700,000
6,994,800,000
6,333,100,000
5,875,400,000
6,173,600,000
6,137,000,000
6,118,400,000
5,343,800,000
5,523,200,000
4,567,800,000
4,703,100,000
4,429,300,000
4,244,900,000
4,221,900,000
net assets
938,800,000
781,700,000
589,000,000
964,400,000
1,253,500,000
837,700,000
1,125,500,000
954,100,000
1,359,800,000
1,357,600,000
1,041,200,000
960,700,000
806,700,000
848,500,000
860,400,000
total shareholders funds
938,800,000
781,700,000
589,000,000
964,400,000
1,253,500,000
837,700,000
1,125,500,000
954,100,000
1,359,800,000
1,357,600,000
1,041,200,000
960,700,000
806,700,000
848,500,000
860,400,000
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-72,800,000
-18,400,000
16,100,000
138,800,000
212,300,000
117,900,000
263,300,000
258,900,000
284,500,000
331,500,000
306,200,000
331,000,000
271,600,000
191,500,000
303,900,000
Depreciation
334,200,000
327,300,000
302,700,000
274,200,000
250,900,000
249,600,000
244,500,000
230,300,000
225,900,000
213,700,000
237,800,000
2,091,500,000
206,800,000
185,800,000
176,900,000
Amortisation
28,600,000
19,800,000
21,400,000
13,700,000
13,100,000
22,300,000
15,000,000
14,900,000
8,700,000
9,100,000
Tax
-3,300,000
-166,600,000
86,100,000
65,700,000
-105,200,000
20,700,000
-32,200,000
84,900,000
-8,400,000
-17,000,000
30,300,000
-22,200,000
-5,000,000
19,900,000
-60,800,000
Stock
3,100,000
200,000
3,900,000
1,200,000
400,000
1,800,000
200,000
300,000
200,000
200,000
500,000
-400,000
300,000
400,000
1,200,000
Debtors
94,600,000
9,400,000
-106,700,000
-42,300,000
60,500,000
9,400,000
125,800,000
5,000,000
-28,200,000
-789,800,000
-218,600,000
253,100,000
15,400,000
-86,400,000
1,046,800,000
Creditors
2,000,000
48,000,000
-5,600,000
1,900,000
12,400,000
-2,900,000
2,100,000
5,200,000
-13,300,000
-100,500,000
108,100,000
3,700,000
3,400,000
-22,000,000
34,300,000
Accruals and Deferred Income
39,100,000
-11,600,000
115,200,000
14,200,000
-77,400,000
11,800,000
45,400,000
116,800,000
-7,700,000
69,700,000
13,100,000
-70,100,000
-7,500,000
54,700,000
122,200,000
Deferred Taxes & Provisions
2,700,000
-165,100,000
-310,600,000
-25,400,000
-7,800,000
-32,000,000
41,600,000
-65,600,000
-92,400,000
713,300,000
-42,900,000
7,200,000
-53,400,000
-48,000,000
451,800,000
Cash flow from operations
232,800,000
23,800,000
328,100,000
524,200,000
237,400,000
376,200,000
453,700,000
640,100,000
425,300,000
2,009,400,000
870,700,000
2,088,400,000
400,200,000
467,900,000
-19,700,000
Investing Activities
capital expenditure
-480,300,000
-167,600,000
-813,200,000
194,200,000
-440,500,000
-341,400,000
-241,000,000
-2,275,400,000
-387,700,000
-576,500,000
-468,200,000
-365,800,000
-213,600,000
Change in Investments
20,000,000
20,200,000
-22,600,000
-126,100,000
148,100,000
45,900,000
300,000
-41,600,000
-2,800,000
-2,700,000
76,300,000
cash flow from investments
-20,000,000
-20,200,000
-457,700,000
-41,500,000
-961,300,000
148,300,000
-440,800,000
-341,400,000
-241,000,000
-2,275,400,000
-387,700,000
-534,900,000
-465,400,000
-363,100,000
-289,900,000
Financing Activities
Bank loans
Group/Directors Accounts
31,800,000
43,600,000
-30,300,000
30,300,000
-69,000,000
-260,100,000
245,300,000
25,600,000
1,200,000
57,000,000
Other Short Term Loans
13,800,000
19,200,000
-713,800,000
209,300,000
152,100,000
343,800,000
8,600,000
-7,000,000
6,700,000
300,000
Long term loans
756,300,000
-3,787,700,000
209,100,000
2,196,800,000
-769,200,000
-625,400,000
-608,400,000
1,018,100,000
-103,000,000
4,470,800,000
26,000,000
101,400,000
135,500,000
66,200,000
3,490,400,000
Hire Purchase and Lease Commitments
-2,400,000
3,300,000
3,500,000
-700,000
30,400,000
-500,000
500,000
-1,600,000
300,000
1,300,000
other long term liabilities
-24,800,000
-24,600,000
-17,200,000
-22,300,000
-30,300,000
136,300,000
-35,600,000
18,700,000
3,300,000
-3,600,000
-100,500,000
96,400,000
47,900,000
share issue
368,000,000
-9,300,000
386,100,000
10,700,000
91,100,000
-20,100,000
54,800,000
-60,300,000
7,400,000
267,700,000
-45,500,000
40,300,000
-79,600,000
33,200,000
772,000,000
interest
-223,400,000
-278,600,000
-196,200,000
-155,000,000
220,700,000
-155,800,000
-118,700,000
-103,100,000
-86,200,000
-91,900,000
-167,200,000
-152,900,000
-187,900,000
-180,200,000
-115,200,000
cash flow from financing
919,300,000
-4,034,100,000
385,300,000
1,315,700,000
-248,000,000
-512,900,000
-394,900,000
912,800,000
-178,500,000
4,565,400,000
-540,300,000
331,800,000
-58,500,000
-79,600,000
4,204,500,000
cash and cash equivalents
cash
297,700,000
-41,600,000
-182,100,000
210,200,000
-242,700,000
207,600,000
-120,900,000
267,400,000
-155,600,000
38,000,000
-4,400,000
64,500,000
-96,600,000
-116,700,000
288,700,000
overdraft
-304,400,000
274,800,000
29,600,000
-88,900,000
50,000,000
38,900,000
change in cash
297,700,000
262,800,000
-456,900,000
180,600,000
-242,700,000
207,600,000
-120,900,000
356,300,000
-205,600,000
-900,000
-4,400,000
64,500,000
-96,600,000
-116,700,000
288,700,000
southern water services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for southern water services limited. Get real-time insights into southern water services limited's credit score, group structure and payment trends.
Southern Water Services Limited Competitor Analysis
Perform a competitor analysis for southern water services limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mega companies, companies in BN13 area or any other competitors across 12 key performance metrics.
southern water services limited Ownership
SOUTHERN WATER SERVICES LIMITED group structure
Southern Water Services Limited has 4 subsidiary companies.
The largest shareholders in Southern Water Services Limited include Sws Holdings Limited and Southern Water Capital Limited.
sws holdings limited
99.83%
southern water capital limited
0.17%
southern water services limited directors
Southern Water Services Limited currently has 11 directors.
The longest serving directors include
Mr Keith Lough (Aug 2019) and
Mr Keith Lough (Aug 2019).
southern house, yeoman road, worthing, west sussex, BN13 3NX
Bank
THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
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southern water services 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 southern water services limited. Currently there are 3 open charges and 1 have been satisfied in the past.
southern water services 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 SOUTHERN WATER SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
southern water services limitedCompanies House Filings - See Documents
