south east water limited

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south east water limited Company Information

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Company Number

02679874

Registered Address

south east water limited, rocfort road, snodland, kent, ME6 5AH

Industry

Water collection, treatment and supply

 

Telephone

03330000001

Next Accounts Due

December 2024

Group Structure

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Directors

David Hinton10 Years

Andrew Farmer8 Years

View All

Shareholders

south east water (holdings) ltd 100%

south east water limited Estimated Valuation

£767.8m - £1.3b

The estimated valuation range for south east water limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £767.8m to £1.3b

south east water limited Estimated Valuation

£767.8m - £1.3b

The estimated valuation range for south east water limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £767.8m to £1.3b

south east water limited Estimated Valuation

£767.8m - £1.3b

The estimated valuation range for south east water limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £767.8m to £1.3b

Get a detailed valuation report, edit figures and unlock valuation multiples.

South East Water Limited AI Business Plan

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South East Water Limited Overview

South East Water Limited is a live company located in snodland, ME6 5AH with a Companies House number of 02679874. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in February 1992, it's largest shareholder is south east water (holdings) ltd with a 100% stake. South East Water Limited is a mature, mega sized company, Pomanda has estimated its turnover at £257.5m with low growth in recent years.

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South East Water Limited Health Check

Pomanda's financial health check has awarded South East Water Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £257.5m, make it larger than the average company (£17.6m)

£257.5m - South East Water Limited

£17.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (2.1%)

2% - South East Water Limited

2.1% - Industry AVG

production

Production

with a gross margin of 27.4%, this company has a comparable cost of product (27.4%)

27.4% - South East Water Limited

27.4% - Industry AVG

profitability

Profitability

an operating margin of 16% make it more profitable than the average company (10.2%)

16% - South East Water Limited

10.2% - Industry AVG

employees

Employees

with 1011 employees, this is above the industry average (156)

1011 - South East Water Limited

156 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.8k, the company has a lower pay structure (£46.5k)

£35.8k - South East Water Limited

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £254.7k, this is equally as efficient (£237.4k)

£254.7k - South East Water Limited

£237.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (51 days)

49 days - South East Water Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 25 days, this is quicker than average (35 days)

25 days - South East Water Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (13 days)

2 days - South East Water Limited

13 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)

1 weeks - South East Water Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 84.7%, this is a similar level of debt than the average (81.8%)

84.7% - South East Water Limited

81.8% - Industry AVG

south east water 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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South East Water Limited Competitor Analysis

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south east water limited Ownership

SOUTH EAST WATER LIMITED group structure

South East Water Limited has no subsidiary companies.

Ultimate parent company

UTA HONG KONG HOLDINGS LTD

#0126285

2 parents

SOUTH EAST WATER LIMITED

02679874

SOUTH EAST WATER LIMITED Shareholders

south east water (holdings) ltd 100%

south east water limited directors

South East Water Limited currently has 8 directors. The longest serving directors include Mr David Hinton (Jun 2013) and Mr Andrew Farmer (Aug 2015).

officercountryagestartendrole
Mr David Hinton56 years Jun 2013- Director
Mr Andrew Farmer54 years Aug 2015- Director
Mr John Barnes69 years Jan 2016- Director
Mrs Celia Hussey50 years Jun 2018- Director
Mr Mark McArdleUnited Kingdom36 years Feb 2022- Director
Mr Christopher Train63 years Feb 2022- Director
Ms Lisa ClementEngland56 years Jan 2023- Director
Ms Anne Le Gal40 years Dec 2023- Director

SOUTH EAST WATER LIMITED financials

EXPORTms excel logo

South East Water Limited's latest turnover from March 2023 is £257.5 million and the company has net assets of £285.3 million. According to their latest financial statements, South East Water Limited has 1,011 employees and maintains cash reserves of £4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover257,482,000251,276,000248,156,000243,481,000238,281,000221,492,000218,905,000214,430,000215,080,000213,588,000207,887,000200,067,000190,545,000181,014,000
Other Income Or Grants00000000000000
Cost Of Sales186,943,511175,116,050165,043,603162,476,744155,099,890143,774,658141,598,191135,357,984141,499,144141,849,387129,213,819124,072,457118,628,985117,279,193
Gross Profit70,538,48976,159,95083,112,39781,004,25683,181,11077,717,34277,306,80979,072,01673,580,85671,738,61378,673,18175,994,54371,916,01563,734,807
Admin Expenses29,239,489-7,670,0505,590,397-58,378,600-3,255,8902,676,342-1,703,1914,300,016-6,103,144-24,426,387-21,740,819-23,136,457-21,632,985-21,489,193
Operating Profit41,299,00083,830,00077,522,000139,382,85686,437,00075,041,00079,010,00074,772,00079,684,00096,165,000100,414,00099,131,00093,549,00085,224,000
Interest Payable117,459,00067,565,00042,956,00052,862,00056,110,00056,017,00058,793,00041,799,00052,323,00033,598,0009,353,00062,682,00063,017,00032,278,000
Interest Receivable1,925,000705,0003,093,0005,333,0006,076,0004,803,0005,119,0006,707,0005,127,0005,295,0005,789,0005,904,0005,567,00019,906,000
Pre-Tax Profit-74,235,00016,970,00037,659,00033,802,00036,403,00023,827,00025,336,00042,436,00035,285,00051,427,00041,740,00042,353,00036,099,00072,852,000
Tax18,798,000-45,880,000-6,343,000-16,918,000-6,992,000-7,590,0001,759,0004,043,000-4,012,0008,209,000-2,550,000665,0005,318,000-20,589,000
Profit After Tax-55,437,000-28,910,00031,316,00016,884,00029,411,00016,237,00027,095,00046,479,00031,273,00059,636,00039,190,00043,018,00041,417,00052,263,000
Dividends Paid9,000,0009,000,000147,013,00011,000,00028,000,00018,000,00016,000,0009,000,00027,144,00030,000,00031,000,00032,000,00031,800,00025,300,000
Retained Profit-64,437,000-37,910,000-115,697,0005,884,00010,664,000-1,832,00011,095,00037,479,0004,129,00029,636,0008,190,00011,018,0009,617,00026,963,000
Employee Costs36,165,00032,416,00025,416,00030,166,00036,718,00034,964,00034,322,00033,268,00031,321,00023,906,00023,299,00019,290,00019,162,00017,449,000
Number Of Employees1,0111,00198699950975899849814789749730691681
EBITDA*102,774,000142,490,000133,926,000193,853,856137,601,000124,674,000125,465,000119,772,000117,216,000130,935,000133,346,000127,540,000120,698,000110,577,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,753,599,0001,746,473,0001,712,000,0001,820,482,0001,770,598,0001,716,230,0001,655,009,0001,611,200,0001,561,997,0001,396,521,0001,333,786,0001,278,702,0001,222,046,0001,166,184,000
Intangible Assets7,768,0008,294,0008,787,0009,568,00010,501,00010,758,00011,058,00011,046,00010,651,0009,713,0007,816,0006,274,0003,473,0003,268,000
Investments & Other000135,941,000189,911,0000000190,013,000190,013,000190,013,00000
Debtors (Due After 1 year)23,842,00057,346,00034,368,00039,784,00025,564,0000000005,685,000196,239,0004,617,000
Total Fixed Assets1,761,367,0001,754,767,0001,686,419,0001,794,138,0001,781,099,0001,726,988,0001,666,067,0001,622,246,0001,572,648,0001,406,234,0001,341,602,0001,284,976,0001,225,519,0001,169,452,000
Stock & work in progress1,132,000851,000673,000689,000592,000236,000214,000185,000245,000267,000136,000232,000240,000312,000
Trade Debtors34,974,00035,547,00039,524,00039,751,00076,397,00069,969,00065,102,00029,968,00028,422,00029,607,00028,483,00048,024,00047,074,00047,112,000
Group Debtors21,000075,0000026,00096,000148,00059,00017,00021,000229,00044,000188,000
Misc Debtors57,380,00048,490,00047,136,00040,818,0009,793,0008,260,0006,915,00036,534,00037,133,00034,089,00030,264,000000
Cash4,002,00014,539,00041,617,00012,981,00012,804,0006,528,00011,371,00016,947,00028,719,00052,710,00099,494,00027,666,00055,711,00093,923,000
misc current assets00000000000000
total current assets97,509,00099,427,000129,025,00094,239,00099,586,00085,019,00083,698,00083,782,00094,578,000116,690,000158,398,00076,151,000103,069,000141,535,000
total assets1,858,876,0001,854,194,0001,815,444,0001,888,377,0001,880,685,0001,812,007,0001,749,765,0001,706,028,0001,667,226,0001,522,924,0001,500,000,0001,361,127,0001,328,588,0001,310,987,000
Bank overdraft00000000000000
Bank loan00030,000,000254,890,00020,000,00000000000
Trade Creditors 13,071,00010,919,00011,369,00012,877,00013,890,00013,610,00014,339,00010,803,00014,366,00013,784,00013,587,00014,182,00018,240,00010,285,000
Group/Directors Accounts00000000000000
other short term finances0080,000,0000108,836,0000000003,000,000016,000,000
hp & lease commitments558,000339,000318,000329,00000000001,066,0001,114,0002,055,000
other current liabilities149,759,000102,986,00090,911,00058,754,00089,528,00090,877,00090,836,00085,091,00084,951,00082,080,00088,859,00071,032,00066,177,00064,658,000
total current liabilities163,388,000114,244,000182,598,000101,960,000467,144,000124,487,000105,175,00095,894,00099,317,00095,864,000102,446,00089,280,00085,531,00092,998,000
loans2,397,002,0002,240,956,0002,076,742,0002,057,994,0001,435,208,0001,905,963,0001,864,964,0001,826,986,0001,815,647,0001,789,647,0001,762,801,0001,529,533,0001,489,138,0001,443,320,000
hp & lease commitments3,941,0003,175,0003,592,0003,910,0000000000000
Accruals and Deferred Income4,876,0004,315,0003,625,0003,438,0003,185,00074,471,00069,938,00065,633,00061,876,00058,282,00055,034,00052,334,00049,370,00046,071,000
other liabilities4,104,0004,154,0004,623,00040,868,0005,379,0005,979,0004,261,0002,589,0001,751,0001,012,000955,000596,000636,000676,000
provisions405,374,000463,318,000340,800,000338,934,000297,098,000286,732,000269,492,000284,064,000320,156,000307,698,000342,766,000351,740,000335,006,000405,188,000
total long term liabilities1,410,168,0001,360,606,0001,217,019,0001,242,770,000874,717,0001,228,882,0001,191,885,0001,167,360,0001,175,934,0001,149,452,0001,149,731,0001,025,677,000986,805,000989,501,000
total liabilities1,573,556,0001,474,850,0001,399,617,0001,344,730,0001,341,861,0001,353,369,0001,297,060,0001,263,254,0001,275,251,0001,245,316,0001,252,177,0001,114,957,0001,072,336,0001,082,499,000
net assets285,320,000379,344,000415,827,000543,647,000538,824,000458,638,000452,705,000442,774,000391,975,000277,608,000247,823,000246,170,000256,252,000228,488,000
total shareholders funds285,320,000379,344,000415,827,000543,647,000538,824,000458,638,000452,705,000442,774,000391,975,000277,608,000247,823,000246,170,000256,252,000228,488,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit41,299,00083,830,00077,522,000139,382,85686,437,00075,041,00079,010,00074,772,00079,684,00096,165,000100,414,00099,131,00093,549,00085,224,000
Depreciation58,541,00055,666,00052,907,00051,422,00048,035,00046,234,00043,275,00042,040,00034,691,00032,087,00030,743,00026,836,00025,343,00023,644,000
Amortisation2,934,0002,994,0003,497,0003,049,0003,129,0003,399,0003,180,0002,960,0002,841,0002,683,0002,189,0001,573,0001,806,0001,709,000
Tax18,798,000-45,880,000-6,343,000-16,918,000-6,992,000-7,590,0001,759,0004,043,000-4,012,0008,209,000-2,550,000665,0005,318,000-20,589,000
Stock281,000178,000-16,00097,000356,00022,00029,000-60,000-22,000131,000-96,000-8,000-72,000312,000
Debtors-25,166,00020,280,000750,0008,599,00033,499,0006,142,0005,463,0001,036,0001,901,0004,945,0004,830,000-189,419,000191,440,00051,917,000
Creditors2,152,000-450,000-1,508,000-1,013,000280,000-729,0003,536,000-3,563,000582,000197,000-595,000-4,058,0007,955,00010,285,000
Accruals and Deferred Income47,334,00012,765,00032,344,000-30,521,000-72,635,0004,574,00010,050,0003,897,0006,465,000-3,531,00020,527,0007,819,0004,818,000110,729,000
Deferred Taxes & Provisions-57,944,000122,518,0001,866,00041,836,00010,366,00017,240,000-14,572,000-36,092,00012,458,000-35,068,000-8,974,00016,734,000-70,182,000405,188,000
Cash flow from operations137,999,000210,985,000159,551,000178,541,85634,765,000132,005,000120,746,00087,081,000130,830,00095,666,000137,020,000338,127,000-122,761,000563,961,000
Investing Activities
capital expenditure-68,075,000-92,640,00052,859,000-103,422,000-105,275,000-110,554,000-90,276,000-94,598,000-203,946,000-99,402,000-89,558,000-87,866,000-83,216,000-1,194,805,000
Change in Investments00-135,941,000-53,970,000189,911,000000-190,013,00000190,013,00000
cash flow from investments-68,075,000-92,640,000188,800,000-49,452,000-295,186,000-110,554,000-90,276,000-94,598,000-13,933,000-99,402,000-89,558,000-277,879,000-83,216,000-1,194,805,000
Financing Activities
Bank loans00-30,000,000-224,890,000234,890,00020,000,00000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 0-80,000,00080,000,000-108,836,000108,836,00000000-3,000,0003,000,000-16,000,00016,000,000
Long term loans156,046,000164,214,00018,748,000622,786,000-470,755,00040,999,00037,978,00011,339,00026,000,00026,846,000233,268,00040,395,00045,818,0001,443,320,000
Hire Purchase and Lease Commitments985,000-396,000-329,0004,239,000000000-1,066,000-48,000-941,0002,055,000
other long term liabilities-50,000-469,000-36,245,00035,489,000-600,0001,718,0001,672,000838,000739,00057,000359,000-40,000-40,000676,000
share issue-29,587,0001,427,000-12,123,000-1,061,00069,522,0007,765,000-1,164,00013,320,000110,238,000149,000-6,537,000-21,100,00018,147,000201,525,000
interest-115,534,000-66,860,000-39,863,000-47,529,000-50,034,000-51,214,000-53,674,000-35,092,000-47,196,000-28,303,000-3,564,000-56,778,000-57,450,000-12,372,000
cash flow from financing11,860,00017,916,000-19,812,000280,198,000-108,141,00019,268,000-15,188,000-9,595,00089,781,000-1,251,000219,460,000-34,571,000-10,466,0001,651,204,000
cash and cash equivalents
cash-10,537,000-27,078,00028,636,000177,0006,276,000-4,843,000-5,576,000-11,772,000-23,991,000-46,784,00071,828,000-28,045,000-38,212,00093,923,000
overdraft00000000000000
change in cash-10,537,000-27,078,00028,636,000177,0006,276,000-4,843,000-5,576,000-11,772,000-23,991,000-46,784,00071,828,000-28,045,000-38,212,00093,923,000

P&L

March 2023

turnover

257.5m

+2%

operating profit

41.3m

-51%

gross margin

27.4%

-9.61%

turnover

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

Balance Sheet

March 2023

net assets

285.3m

-0.25%

total assets

1.9b

0%

cash

4m

-0.72%

net assets

Total assets minus all liabilities

south east water limited company details

company number

02679874

Type

Private limited with Share Capital

industry

36000 - Water collection, treatment and supply

incorporation date

February 1992

age

32

accounts

Group

ultimate parent company

UTA HONG KONG HOLDINGS LTD

previous names

south east water plc (April 2004)

mid-sussex water plc (January 1999)

incorporated

UK

address

south east water limited, rocfort road, snodland, kent, ME6 5AH

last accounts submitted

March 2023

south east water 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 2 charges/mortgages relating to south east water limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

south east water limited Companies House Filings - See Documents

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