veritas technologies (uk) limited
veritas technologies (uk) limited Company Information
Company Number
02575013
Next Accounts
42 days late
Shareholders
veritas uk holding ltd
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
1320 arlington business park, theale, reading, berks, RG7 4SA
veritas technologies (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VERITAS TECHNOLOGIES (UK) LIMITED at £87.9m based on a Turnover of £58m and 1.52x industry multiple (adjusted for size and gross margin).
veritas technologies (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VERITAS TECHNOLOGIES (UK) LIMITED at £60.6m based on an EBITDA of £5.6m and a 10.88x industry multiple (adjusted for size and gross margin).
veritas technologies (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VERITAS TECHNOLOGIES (UK) LIMITED at £73.8m based on Net Assets of £31.7m and 2.33x industry multiple (adjusted for liquidity).
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Veritas Technologies (uk) Limited Overview
Veritas Technologies (uk) Limited is a live company located in reading, RG7 4SA with a Companies House number of 02575013. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 1991, it's largest shareholder is veritas uk holding ltd with a 100% stake. Veritas Technologies (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £58m with declining growth in recent years.
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Veritas Technologies (uk) Limited Health Check
Pomanda's financial health check has awarded Veritas Technologies (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £58m, make it larger than the average company (£1.3m)
£58m - Veritas Technologies (uk) Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (5.2%)
-9% - Veritas Technologies (uk) Limited
5.2% - Industry AVG
Production
with a gross margin of 47.6%, this company has a comparable cost of product (47.6%)
47.6% - Veritas Technologies (uk) Limited
47.6% - Industry AVG
Profitability
an operating margin of 8.2% make it as profitable than the average company (6.9%)
8.2% - Veritas Technologies (uk) Limited
6.9% - Industry AVG
Employees
with 254 employees, this is above the industry average (13)
254 - Veritas Technologies (uk) Limited
13 - Industry AVG
Pay Structure
on an average salary of £164.4k, the company has a higher pay structure (£56.3k)
£164.4k - Veritas Technologies (uk) Limited
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £228.4k, this is more efficient (£126k)
£228.4k - Veritas Technologies (uk) Limited
£126k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Veritas Technologies (uk) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (31 days)
14 days - Veritas Technologies (uk) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Veritas Technologies (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 90 weeks, this is more cash available to meet short term requirements (19 weeks)
90 weeks - Veritas Technologies (uk) Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.5%, this is a lower level of debt than the average (57.8%)
29.5% - Veritas Technologies (uk) Limited
57.8% - Industry AVG
VERITAS TECHNOLOGIES (UK) LIMITED financials
Veritas Technologies (Uk) Limited's latest turnover from March 2023 is £58 million and the company has net assets of £31.7 million. According to their latest financial statements, Veritas Technologies (Uk) Limited has 254 employees and maintains cash reserves of £20.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 58,008,000 | 56,926,000 | 64,370,000 | 76,780,000 | 87,978,000 | 93,244,000 | 105,038,000 | 126,058,000 | 164,801,000 | 170,221,000 | 171,230,000 | 170,476,000 | 160,386,000 | 154,458,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 4,782,000 | 4,359,000 | 4,950,000 | 5,030,000 | 5,616,000 | 7,137,000 | 3,389,000 | 64,000 | 1,549,000 | 4,620,000 | 4,139,000 | 2,923,000 | 3,136,000 | 2,903,000 |
| Interest Payable | 206,000 | 16,000 | 52,000 | 274,000 | 226,000 | 17,000 | 532,000 | 5,000 | 3,000 | 2,000 | 4,000 | 88,000 | 262,000 | 127,000 |
| Interest Receivable | 6,000 | 0 | 1,000 | 22,000 | 4,000 | 45,000 | 34,000 | 686,000 | 15,000 | 321,000 | 511,000 | 444,000 | 307,000 | 303,000 |
| Pre-Tax Profit | 4,582,000 | 4,343,000 | 4,899,000 | 4,778,000 | 5,394,000 | 19,541,000 | 2,891,000 | -3,680,000 | 1,534,000 | 4,889,000 | 4,520,000 | 3,308,000 | 3,181,000 | 3,028,000 |
| Tax | -360,000 | 16,000 | -993,000 | -701,000 | -1,055,000 | -5,210,000 | -904,000 | -1,536,000 | -2,223,000 | -1,090,000 | -443,000 | -555,000 | 2,231,000 | -487,000 |
| Profit After Tax | 4,222,000 | 4,359,000 | 3,906,000 | 4,077,000 | 4,339,000 | 14,331,000 | 1,987,000 | -5,216,000 | -689,000 | 3,799,000 | 4,077,000 | 2,753,000 | 5,412,000 | 2,541,000 |
| Dividends Paid | 5,330,000 | 2,200,000 | 1,500,000 | 1,025,000 | 989,000 | 1,188,000 | 915,000 | 55,066,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,108,000 | 2,159,000 | 2,406,000 | 3,052,000 | 3,350,000 | 13,143,000 | 1,072,000 | -60,282,000 | -689,000 | 3,799,000 | 4,077,000 | 2,753,000 | 5,412,000 | 2,541,000 |
| Employee Costs | 41,765,000 | 39,972,000 | 38,595,000 | 41,292,000 | 46,344,000 | 52,750,000 | 64,441,000 | 79,715,000 | 97,935,000 | 94,025,000 | 96,482,000 | 92,945,000 | 84,437,000 | 85,032,000 |
| Number Of Employees | 254 | 225 | 274 | 290 | 382 | 505 | 560 | 707 | 891 | 914 | 947 | 904 | 885 | 936 |
| EBITDA* | 5,569,000 | 6,912,000 | 6,991,000 | 6,681,000 | 8,215,000 | 10,919,000 | 6,854,000 | 2,806,000 | 4,911,000 | 6,819,000 | 6,971,000 | 6,963,000 | 6,768,000 | 6,511,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,650,000 | 6,368,000 | 9,052,000 | 4,508,000 | 5,649,000 | 8,496,000 | 9,901,000 | 11,499,000 | 11,886,000 | 8,336,000 | 6,120,000 | 7,505,000 | 6,803,000 | 8,042,000 |
| Intangible Assets | 0 | 49,000 | 245,000 | 441,000 | 637,000 | 834,000 | 0 | 0 | 690,000 | 850,000 | 1,008,000 | 1,168,000 | 1,434,000 | 0 |
| Investments & Other | 0 | 5,330,000 | 5,330,000 | 5,330,000 | 5,330,000 | 5,258,000 | 5,258,000 | 3,295,000 | 0 | 0 | 0 | 0 | 508,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,650,000 | 11,747,000 | 14,627,000 | 10,279,000 | 11,616,000 | 14,588,000 | 15,159,000 | 14,794,000 | 12,576,000 | 9,186,000 | 7,128,000 | 8,673,000 | 8,745,000 | 8,042,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 12,471,000 | 14,541,000 | 11,785,000 | 12,315,000 | 16,372,000 | 15,780,000 | 145,000 | 0 | 72,552,000 | 63,121,000 | 64,910,000 | 49,572,000 | 44,105,000 | 37,572,000 |
| Misc Debtors | 4,839,000 | 3,975,000 | 4,655,000 | 5,229,000 | 4,728,000 | 4,832,000 | 5,498,000 | 5,634,000 | 5,055,000 | 6,023,000 | 5,387,000 | 5,841,000 | 6,530,000 | 5,921,000 |
| Cash | 20,929,000 | 16,292,000 | 18,489,000 | 19,558,000 | 9,492,000 | 4,990,000 | 8,095,000 | 7,510,000 | 1,052,000 | 3,893,000 | 0 | 4,784,000 | 2,579,000 | 921,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 38,239,000 | 34,808,000 | 34,929,000 | 37,102,000 | 30,592,000 | 25,602,000 | 13,738,000 | 13,144,000 | 78,659,000 | 73,037,000 | 70,297,000 | 60,197,000 | 53,214,000 | 44,414,000 |
| total assets | 44,889,000 | 46,555,000 | 49,556,000 | 47,381,000 | 42,208,000 | 40,190,000 | 28,897,000 | 27,938,000 | 91,235,000 | 82,223,000 | 77,425,000 | 68,870,000 | 61,959,000 | 52,456,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 807,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,185,000 | 891,000 | 914,000 | 1,132,000 | 1,700,000 | 2,136,000 | 3,182,000 | 3,350,000 | 5,132,000 | 5,743,000 | 4,641,000 | 5,279,000 | 3,156,000 | 2,217,000 |
| Group/Directors Accounts | 276,000 | 278,000 | 567,000 | 467,000 | 706,000 | 1,308,000 | 2,740,000 | 6,637,000 | 0 | 0 | 0 | 32,000 | 5,307,000 | 7,389,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,572,000 | 10,082,000 | 8,869,000 | 7,754,000 | 8,820,000 | 11,575,000 | 12,043,000 | 9,426,000 | 22,934,000 | 19,287,000 | 24,402,000 | 23,691,000 | 21,651,000 | 18,471,000 |
| total current liabilities | 12,033,000 | 11,251,000 | 10,350,000 | 9,353,000 | 11,226,000 | 15,019,000 | 17,965,000 | 19,413,000 | 28,066,000 | 25,030,000 | 29,850,000 | 29,002,000 | 30,114,000 | 28,077,000 |
| loans | 0 | 0 | 961,000 | 223,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 985,000 | 1,095,000 | 0 | 0 | 478,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 213,000 | 1,410,000 | 7,737,000 | 9,259,000 | 5,168,000 | 3,039,000 | 3,039,000 | 3,039,000 | 3,552,000 | 3,802,000 | 2,196,000 | 3,368,000 | 3,484,000 | 5,427,000 |
| total long term liabilities | 1,198,000 | 2,505,000 | 8,698,000 | 9,482,000 | 5,646,000 | 3,039,000 | 3,039,000 | 3,039,000 | 3,552,000 | 3,802,000 | 2,196,000 | 3,368,000 | 3,484,000 | 5,427,000 |
| total liabilities | 13,231,000 | 13,756,000 | 19,048,000 | 18,835,000 | 16,872,000 | 18,058,000 | 21,004,000 | 22,452,000 | 31,618,000 | 28,832,000 | 32,046,000 | 32,370,000 | 33,598,000 | 33,504,000 |
| net assets | 31,658,000 | 32,799,000 | 30,508,000 | 28,546,000 | 25,336,000 | 22,132,000 | 7,893,000 | 5,486,000 | 59,617,000 | 53,391,000 | 45,379,000 | 36,500,000 | 28,361,000 | 18,952,000 |
| total shareholders funds | 31,658,000 | 32,799,000 | 30,508,000 | 28,546,000 | 25,336,000 | 22,132,000 | 7,893,000 | 5,486,000 | 59,617,000 | 53,391,000 | 45,379,000 | 36,500,000 | 28,361,000 | 18,952,000 |
| Mar 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,782,000 | 4,359,000 | 4,950,000 | 5,030,000 | 5,616,000 | 7,137,000 | 3,389,000 | 64,000 | 1,549,000 | 4,620,000 | 4,139,000 | 2,923,000 | 3,136,000 | 2,903,000 |
| Depreciation | 738,000 | 2,357,000 | 1,845,000 | 1,455,000 | 2,402,000 | 3,635,000 | 3,465,000 | 2,540,000 | 3,202,000 | 2,199,000 | 2,832,000 | 4,040,000 | 3,632,000 | 3,608,000 |
| Amortisation | 49,000 | 196,000 | 196,000 | 196,000 | 197,000 | 147,000 | 0 | 202,000 | 160,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | -360,000 | 16,000 | -993,000 | -701,000 | -1,055,000 | -5,210,000 | -904,000 | -1,536,000 | -2,223,000 | -1,090,000 | -443,000 | -555,000 | 2,231,000 | -487,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,206,000 | 2,076,000 | -1,104,000 | -3,556,000 | 488,000 | 14,969,000 | 9,000 | -71,973,000 | 8,463,000 | -1,153,000 | 14,884,000 | 4,778,000 | 7,142,000 | 43,493,000 |
| Creditors | 294,000 | -23,000 | -218,000 | -568,000 | -436,000 | -1,046,000 | -168,000 | -1,782,000 | -611,000 | 1,102,000 | -638,000 | 2,123,000 | 939,000 | 2,217,000 |
| Accruals and Deferred Income | 490,000 | 1,213,000 | 1,115,000 | -1,066,000 | -2,755,000 | -468,000 | 2,617,000 | -13,508,000 | 3,647,000 | -5,115,000 | 711,000 | 2,040,000 | 3,180,000 | 18,471,000 |
| Deferred Taxes & Provisions | -1,197,000 | -6,327,000 | -1,522,000 | 4,091,000 | 2,129,000 | 0 | 0 | -513,000 | -250,000 | 1,606,000 | -1,172,000 | -116,000 | -1,943,000 | 5,427,000 |
| Cash flow from operations | 6,002,000 | -285,000 | 6,477,000 | 11,993,000 | 5,610,000 | -10,774,000 | 8,390,000 | 57,440,000 | -2,989,000 | 4,475,000 | -9,455,000 | 5,677,000 | 4,033,000 | -11,354,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -5,330,000 | 0 | 0 | 0 | 72,000 | 0 | 1,963,000 | 3,295,000 | 0 | 0 | 0 | -508,000 | 508,000 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,000 | -289,000 | 100,000 | -239,000 | -602,000 | -1,432,000 | -3,897,000 | 6,637,000 | 0 | 0 | -32,000 | -5,275,000 | -2,082,000 | 7,389,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -961,000 | 738,000 | 223,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -110,000 | 1,095,000 | 0 | -478,000 | 478,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -200,000 | -16,000 | -51,000 | -252,000 | -222,000 | 28,000 | -498,000 | 681,000 | 12,000 | 319,000 | 507,000 | 356,000 | 45,000 | 176,000 |
| cash flow from financing | -345,000 | -39,000 | 343,000 | -588,000 | -492,000 | -308,000 | -3,060,000 | 13,469,000 | 6,927,000 | 4,532,000 | 5,277,000 | 467,000 | 1,960,000 | 23,976,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,637,000 | -2,197,000 | -1,069,000 | 10,066,000 | 4,502,000 | -3,105,000 | 585,000 | 6,458,000 | -2,841,000 | 3,893,000 | -4,784,000 | 2,205,000 | 1,658,000 | 921,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -807,000 | 807,000 | 0 | 0 | 0 |
| change in cash | 4,637,000 | -2,197,000 | -1,069,000 | 10,066,000 | 4,502,000 | -3,105,000 | 585,000 | 6,458,000 | -2,841,000 | 4,700,000 | -5,591,000 | 2,205,000 | 1,658,000 | 921,000 |
veritas technologies (uk) limited Credit Report and Business Information
Veritas Technologies (uk) Limited Competitor Analysis
Perform a competitor analysis for veritas technologies (uk) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in RG7 area or any other competitors across 12 key performance metrics.
veritas technologies (uk) limited Ownership
VERITAS TECHNOLOGIES (UK) LIMITED group structure
Veritas Technologies (Uk) Limited has no subsidiary companies.
Ultimate parent company
VERITAS HOLDINGS LIMITED
#0099207
2 parents
VERITAS TECHNOLOGIES (UK) LIMITED
02575013
veritas technologies (uk) limited directors
Veritas Technologies (Uk) Limited currently has 2 directors. The longest serving directors include Mr Timothy Gray (Sep 2024) and Mr Peter Thomas (Sep 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Gray | United Kingdom | 58 years | Sep 2024 | - | Director |
| Mr Peter Thomas | United Kingdom | 52 years | Sep 2024 | - | Director |
P&L
March 2023turnover
58m
+2%
operating profit
4.8m
+10%
gross margin
47.7%
+2.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
31.7m
-0.03%
total assets
44.9m
-0.04%
cash
20.9m
+0.28%
net assets
Total assets minus all liabilities
veritas technologies (uk) limited company details
company number
02575013
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 1991
age
34
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
symantec (uk) limited (October 2015)
veritas software limited (April 2006)
See moreaccountant
-
auditor
GRANT THORNTON
address
1320 arlington business park, theale, reading, berks, RG7 4SA
Bank
BANK OF AMERICA
Legal Advisor
-
veritas technologies (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 veritas technologies (uk) limited.
veritas technologies (uk) limited Capital Raised & Share Issues BETA
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veritas technologies (uk) limited Companies House Filings - See Documents
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