sse medway operations limited
sse medway operations limited Company Information
Company Number
02647585
Next Accounts
Dec 2025
Shareholders
sse thermal generation holdings limited
Group Structure
View All
Industry
Production of electricity
Registered Address
no.1 forbury place, 43 forbury road, reading, RG1 3JH
Website
https://www.ovoenergy.com/sse medway operations limited Estimated Valuation
Pomanda estimates the enterprise value of SSE MEDWAY OPERATIONS LIMITED at £8.2m based on a Turnover of £7.1m and 1.16x industry multiple (adjusted for size and gross margin).
sse medway operations limited Estimated Valuation
Pomanda estimates the enterprise value of SSE MEDWAY OPERATIONS LIMITED at £4m based on an EBITDA of £1.2m and a 3.3x industry multiple (adjusted for size and gross margin).
sse medway operations limited Estimated Valuation
Pomanda estimates the enterprise value of SSE MEDWAY OPERATIONS LIMITED at £47.8m based on Net Assets of £18.2m and 2.63x industry multiple (adjusted for liquidity).
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Sse Medway Operations Limited Overview
Sse Medway Operations Limited is a live company located in reading, RG1 3JH with a Companies House number of 02647585. It operates in the production of electricity sector, SIC Code 35110. Founded in September 1991, it's largest shareholder is sse thermal generation holdings limited with a 100% stake. Sse Medway Operations Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.1m with healthy growth in recent years.
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Sse Medway Operations Limited Health Check
Pomanda's financial health check has awarded Sse Medway Operations Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
5 Weak
Size
annual sales of £7.1m, make it larger than the average company (£1.7m)
£7.1m - Sse Medway Operations Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11.5%)
7% - Sse Medway Operations Limited
11.5% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (67.5%)
16.9% - Sse Medway Operations Limited
67.5% - Industry AVG
Profitability
an operating margin of 16.9% make it less profitable than the average company (48.8%)
16.9% - Sse Medway Operations Limited
48.8% - Industry AVG
Employees
with 49 employees, this is above the industry average (2)
49 - Sse Medway Operations Limited
2 - Industry AVG
Pay Structure
on an average salary of £98k, the company has a higher pay structure (£80k)
£98k - Sse Medway Operations Limited
£80k - Industry AVG
Efficiency
resulting in sales per employee of £144.9k, this is less efficient (£445.4k)
£144.9k - Sse Medway Operations Limited
£445.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Sse Medway Operations Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Sse Medway Operations Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sse Medway Operations Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sse Medway Operations Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.8%, this is a lower level of debt than the average (86.8%)
10.8% - Sse Medway Operations Limited
86.8% - Industry AVG
SSE MEDWAY OPERATIONS LIMITED financials
Sse Medway Operations Limited's latest turnover from March 2024 is £7.1 million and the company has net assets of £18.2 million. According to their latest financial statements, Sse Medway Operations Limited has 49 employees and maintains cash reserves of 0 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 | 7,100,000 | 6,700,000 | 6,100,000 | 5,800,000 | 5,700,000 | 5,500,000 | 5,400,000 | 5,100,000 | 5,200,000 | 5,100,000 | 5,200,000 | 5,100,000 | 4,900,000 | 4,900,000 | 5,000,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 5,900,000 | 5,100,000 | 4,800,000 | 4,900,000 | 5,100,000 | 5,000,000 | 5,200,000 | 5,300,000 | 5,100,000 | 4,600,000 | 4,400,000 | 3,800,000 | 3,500,000 | 3,400,000 | 3,400,000 |
| Gross Profit | 1,200,000 | 1,600,000 | 1,300,000 | 900,000 | 600,000 | 500,000 | 200,000 | -200,000 | 100,000 | 500,000 | 800,000 | 1,300,000 | 1,400,000 | 1,500,000 | 1,600,000 |
| Admin Expenses | |||||||||||||||
| Operating Profit | 1,200,000 | 1,600,000 | 1,300,000 | 900,000 | 600,000 | -200,000 | 100,000 | 500,000 | |||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 500,000 | 200,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | ||||||
| Pre-Tax Profit | 1,700,000 | 1,800,000 | 1,300,000 | 900,000 | 700,000 | 600,000 | 200,000 | -100,000 | 200,000 | 600,000 | 900,000 | 1,400,000 | 1,500,000 | 1,500,000 | 1,600,000 |
| Tax | -400,000 | -100,000 | -200,000 | -200,000 | -100,000 | -100,000 | -100,000 | -200,000 | -300,000 | -400,000 | -400,000 | -400,000 | |||
| Profit After Tax | 1,300,000 | 1,700,000 | 1,100,000 | 700,000 | 600,000 | 500,000 | 200,000 | -100,000 | 200,000 | 500,000 | 700,000 | 1,100,000 | 1,100,000 | 1,100,000 | 1,200,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 1,300,000 | 1,700,000 | 1,100,000 | 700,000 | 600,000 | 500,000 | 200,000 | -100,000 | 200,000 | 500,000 | 700,000 | 1,100,000 | 1,100,000 | 1,100,000 | 1,200,000 |
| Employee Costs | 4,800,000 | 4,100,000 | 4,000,000 | 4,100,000 | 4,000,000 | 3,600,000 | 3,700,000 | 4,000,000 | 3,900,000 | 3,700,000 | 3,600,000 | 3,400,000 | 3,300,000 | 3,200,000 | 2,900,000 |
| Number Of Employees | 49 | 44 | 42 | 46 | 49 | 50 | 43 | 51 | 50 | 50 | 50 | 50 | 49 | 49 | 46 |
| EBITDA* | 1,200,000 | 1,600,000 | 1,300,000 | 900,000 | 600,000 | -200,000 | 100,000 | 500,000 |
* 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 | 7,900,000 | ||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 13,200,000 | 11,600,000 | 4,800,000 | 3,400,000 | 8,000,000 | 7,600,000 | 2,300,000 | 7,600,000 | 7,900,000 | 2,100,000 | 5,800,000 | ||||
| Total Fixed Assets | 13,200,000 | 11,600,000 | 4,800,000 | 3,400,000 | 8,000,000 | 7,900,000 | 7,600,000 | 2,300,000 | 7,600,000 | 7,900,000 | 2,100,000 | 5,800,000 | |||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 7,200,000 | 6,700,000 | 11,900,000 | 11,900,000 | 6,200,000 | 5,400,000 | 10,400,000 | 5,200,000 | 5,100,000 | 12,500,000 | 9,900,000 | 4,000,000 | 9,900,000 | 7,600,000 | |
| Misc Debtors | 100,000 | ||||||||||||||
| Cash | |||||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 7,200,000 | 6,700,000 | 11,900,000 | 11,900,000 | 6,200,000 | 5,400,000 | 5,400,000 | 10,400,000 | 5,200,000 | 5,100,000 | 12,500,000 | 9,900,000 | 4,000,000 | 10,000,000 | 7,600,000 |
| total assets | 20,400,000 | 18,300,000 | 16,700,000 | 15,300,000 | 14,200,000 | 13,300,000 | 13,000,000 | 12,700,000 | 12,800,000 | 13,000,000 | 12,500,000 | 12,000,000 | 9,800,000 | 10,000,000 | 7,600,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 100,000 | ||||||||||||||
| Group/Directors Accounts | 1,800,000 | 1,200,000 | 1,300,000 | 1,100,000 | 800,000 | 800,000 | 700,000 | 700,000 | 1,100,000 | 900,000 | 1,000,000 | 1,300,000 | |||
| other short term finances | 600,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 400,000 | 300,000 | 200,000 | 200,000 | 100,000 | 200,000 | 300,000 | 200,000 | 200,000 | 200,000 | |||||
| total current liabilities | 2,200,000 | 1,500,000 | 1,600,000 | 1,300,000 | 900,000 | 600,000 | 800,000 | 700,000 | 700,000 | 1,100,000 | 1,100,000 | 1,300,000 | 200,000 | 1,500,000 | 200,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 2,200,000 | 1,500,000 | 1,600,000 | 1,300,000 | 900,000 | 600,000 | 800,000 | 700,000 | 700,000 | 1,100,000 | 1,100,000 | 1,300,000 | 200,000 | 1,500,000 | 200,000 |
| net assets | 18,200,000 | 16,800,000 | 15,100,000 | 14,000,000 | 13,300,000 | 12,700,000 | 12,200,000 | 12,000,000 | 12,100,000 | 11,900,000 | 11,400,000 | 10,700,000 | 9,600,000 | 8,500,000 | 7,400,000 |
| total shareholders funds | 18,200,000 | 16,800,000 | 15,100,000 | 14,000,000 | 13,300,000 | 12,700,000 | 12,200,000 | 12,000,000 | 12,100,000 | 11,900,000 | 11,400,000 | 10,700,000 | 9,600,000 | 8,500,000 | 7,400,000 |
| 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 | 1,200,000 | 1,600,000 | 1,300,000 | 900,000 | 600,000 | -200,000 | 100,000 | 500,000 | |||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -400,000 | -100,000 | -200,000 | -200,000 | -100,000 | -100,000 | -100,000 | -200,000 | -300,000 | -400,000 | -400,000 | -400,000 | |||
| Stock | |||||||||||||||
| Debtors | 2,100,000 | 1,600,000 | 1,400,000 | 1,100,000 | 14,200,000 | -13,000,000 | 300,000 | -100,000 | -200,000 | 500,000 | 500,000 | 2,200,000 | -200,000 | 2,400,000 | 7,600,000 |
| Creditors | -100,000 | 100,000 | |||||||||||||
| Accruals and Deferred Income | 100,000 | 100,000 | 100,000 | 100,000 | -200,000 | -100,000 | 100,000 | 200,000 | |||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -1,200,000 | -100,000 | -200,000 | -300,000 | -13,600,000 | -100,000 | 300,000 | -300,000 | |||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 600,000 | -100,000 | 200,000 | 300,000 | 800,000 | -800,000 | 100,000 | -400,000 | 200,000 | -100,000 | 1,000,000 | -1,300,000 | 1,300,000 | ||
| Other Short Term Loans | -600,000 | 600,000 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 500,000 | 200,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | ||||||
| cash flow from financing | 1,200,000 | 100,000 | 200,000 | 300,000 | 300,000 | 100,000 | 100,000 | -300,000 | 300,000 | 1,100,000 | -1,200,000 | 1,300,000 | 6,200,000 | ||
| cash and cash equivalents | |||||||||||||||
| cash | |||||||||||||||
| overdraft | |||||||||||||||
| change in cash |
sse medway operations limited Credit Report and Business Information
Sse Medway Operations Limited Competitor Analysis
Perform a competitor analysis for sse medway operations limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in RG1 area or any other competitors across 12 key performance metrics.
sse medway operations limited Ownership
SSE MEDWAY OPERATIONS LIMITED group structure
Sse Medway Operations Limited has no subsidiary companies.
Ultimate parent company
2 parents
SSE MEDWAY OPERATIONS LIMITED
02647585
sse medway operations limited directors
Sse Medway Operations Limited currently has 9 directors. The longest serving directors include Mr Mark Hayward (May 2010) and Mr Martin Beattie (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Hayward | United Kingdom | 61 years | May 2010 | - | Director |
| Mr Martin Beattie | Scotland | 44 years | Dec 2019 | - | Director |
| Mr Adrian Rudd | England | 53 years | Dec 2019 | - | Director |
| Mr John Johnson | Ireland | 48 years | Dec 2019 | - | Director |
| Mrs Ann Gray | Scotland | 58 years | Dec 2019 | - | Director |
| Mrs Zahida Zakir | Scotland | 55 years | Jun 2021 | - | Director |
| Mr Charles Cryans | Scotland | 61 years | Jan 2022 | - | Director |
| Ms Mandy MacKay | Scotland | 49 years | May 2022 | - | Director |
| Mr Finlay McCutcheon | Scotland | 47 years | Jul 2024 | - | Director |
P&L
March 2024turnover
7.1m
+6%
operating profit
1.2m
-25%
gross margin
17%
-29.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
18.2m
+0.08%
total assets
20.4m
+0.11%
cash
0
0%
net assets
Total assets minus all liabilities
sse medway operations limited company details
company number
02647585
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
September 1991
age
34
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
aes medway operations limited (November 2003)
swanfall limited (February 1992)
accountant
-
auditor
-
address
no.1 forbury place, 43 forbury road, reading, RG1 3JH
Bank
BARCLAYS BANK PLC
Legal Advisor
-
sse medway operations 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 1 charges/mortgages relating to sse medway operations limited. Currently there are 0 open charges and 1 have been satisfied in the past.
sse medway operations 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 SSE MEDWAY OPERATIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
sse medway operations limited Companies House Filings - See Documents
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