verizon uk limited
verizon uk limited Company Information
Company Number
02776038
Website
http://www.telogis.co.ukRegistered Address
reading international business, park basingstoke road, reading, berkshire, RG2 6DA
Industry
Wired telecommunications activities
Telephone
08009754566
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
verizon european holdings ltd 100%
verizon uk limited Estimated Valuation
Pomanda estimates the enterprise value of VERIZON UK LIMITED at £415.8m based on a Turnover of £227.3m and 1.83x industry multiple (adjusted for size and gross margin).
verizon uk limited Estimated Valuation
Pomanda estimates the enterprise value of VERIZON UK LIMITED at £446.4m based on an EBITDA of £65.7m and a 6.8x industry multiple (adjusted for size and gross margin).
verizon uk limited Estimated Valuation
Pomanda estimates the enterprise value of VERIZON UK LIMITED at £1.4b based on Net Assets of £547.6m and 2.58x industry multiple (adjusted for liquidity).
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Verizon Uk Limited Overview
Verizon Uk Limited is a live company located in reading, RG2 6DA with a Companies House number of 02776038. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in December 1992, it's largest shareholder is verizon european holdings ltd with a 100% stake. Verizon Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £227.3m with declining growth in recent years.
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Verizon Uk Limited Health Check
Pomanda's financial health check has awarded Verizon Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £227.3m, make it larger than the average company (£3.8m)
£227.3m - Verizon Uk Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.5%)
-10% - Verizon Uk Limited
4.5% - Industry AVG
Production
with a gross margin of 42.8%, this company has a comparable cost of product (42.8%)
42.8% - Verizon Uk Limited
42.8% - Industry AVG
Profitability
an operating margin of 11% make it more profitable than the average company (2.5%)
11% - Verizon Uk Limited
2.5% - Industry AVG
Employees
with 1121 employees, this is above the industry average (47)
1121 - Verizon Uk Limited
47 - Industry AVG
Pay Structure
on an average salary of £136.7k, the company has a higher pay structure (£49.7k)
£136.7k - Verizon Uk Limited
£49.7k - Industry AVG
Efficiency
resulting in sales per employee of £202.7k, this is more efficient (£147.1k)
£202.7k - Verizon Uk Limited
£147.1k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is later than average (41 days)
51 days - Verizon Uk Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is close to average (59 days)
54 days - Verizon Uk Limited
59 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (7 days)
1 days - Verizon Uk Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Verizon Uk Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.9%, this is a lower level of debt than the average (67.4%)
28.9% - Verizon Uk Limited
67.4% - Industry AVG
verizon uk limited Credit Report and Business Information
Verizon Uk Limited Competitor Analysis
Perform a competitor analysis for verizon uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
verizon uk limited Ownership
VERIZON UK LIMITED group structure
Verizon Uk Limited has 2 subsidiary companies.
Ultimate parent company
VERIZON COMMUNICATIONS INC
#0061381
2 parents
VERIZON UK LIMITED
02776038
2 subsidiaries
verizon uk limited directors
Verizon Uk Limited currently has 2 directors. The longest serving directors include Mrs Clare Brown (Nov 2008) and Mr Francesco De Maio (Jun 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Clare Brown | United Kingdom | 58 years | Nov 2008 | - | Director |
| Mr Francesco De Maio | 55 years | Jun 2012 | - | Director |
VERIZON UK LIMITED financials
Verizon Uk Limited's latest turnover from December 2022 is £227.3 million and the company has net assets of £547.6 million. According to their latest financial statements, Verizon Uk Limited has 1,121 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 227,276,000 | 244,749,000 | 288,111,000 | 306,785,000 | 336,860,000 | 384,627,000 | 405,620,000 | 412,698,000 | 389,783,000 | 440,090,000 | 451,459,000 | 481,289,000 | 523,018,000 | 567,428,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 25,038,000 | 21,897,000 | 32,214,000 | 17,468,000 | 59,581,000 | 31,200,000 | 101,613,000 | 51,837,000 | 49,757,000 | 27,686,000 | 24,210,000 | 26,163,000 | 26,446,000 | 24,050,000 |
| Interest Payable | 5,980,000 | 4,702,000 | 5,785,000 | 7,338,000 | 4,069,000 | 3,607,000 | 3,347,000 | 1,676,000 | 1,704,000 | 1,640,000 | 1,326,000 | 1,359,000 | 1,634,000 | 3,433,000 |
| Interest Receivable | 10,750,000 | 2,426,000 | 3,503,000 | 6,780,000 | 11,359,000 | 7,460,000 | 3,721,000 | 1,530,000 | 788,000 | 590,000 | 716,000 | 760,000 | 941,000 | 3,337,000 |
| Pre-Tax Profit | 29,839,000 | 18,664,000 | 29,911,000 | 16,939,000 | 120,146,000 | 35,033,000 | 102,047,000 | 51,808,000 | 49,274,000 | 27,136,000 | 23,908,000 | 29,592,000 | 26,504,000 | 99,125,000 |
| Tax | 10,018,000 | -152,000 | -997,000 | -4,794,000 | -2,295,000 | 1,206,000 | -1,918,000 | 33,000 | 3,216,000 | 17,788,000 | -123,000 | -92,000 | -41,000 | -45,000 |
| Profit After Tax | 39,857,000 | 18,512,000 | 28,914,000 | 12,145,000 | 117,851,000 | 36,239,000 | 100,129,000 | 51,841,000 | 52,490,000 | 44,924,000 | 23,785,000 | 29,500,000 | 26,463,000 | 99,080,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 315,363,000 |
| Retained Profit | 39,857,000 | 18,512,000 | 28,914,000 | 12,145,000 | 117,851,000 | 36,239,000 | 100,129,000 | 51,841,000 | 52,490,000 | 44,924,000 | 23,785,000 | 29,500,000 | 26,463,000 | -216,283,000 |
| Employee Costs | 153,238,000 | 155,746,000 | 152,082,000 | 144,011,000 | 140,620,000 | 131,982,000 | 132,569,000 | 136,373,000 | 139,735,000 | 139,194,000 | 148,772,000 | 143,535,000 | 133,998,000 | 138,387,000 |
| Number Of Employees | 1,121 | 1,204 | 1,240 | 1,204 | 1,197 | 1,194 | 1,250 | 1,338 | 1,415 | 1,459 | 1,584 | 1,624 | 1,662 | 1,773 |
| EBITDA* | 65,651,000 | 52,319,000 | 70,711,000 | 64,137,000 | 89,939,000 | 62,350,000 | 135,844,000 | 90,436,000 | 92,981,000 | 83,525,000 | 71,238,000 | 74,258,000 | 73,716,000 | 67,220,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 221,997,000 | 231,815,000 | 264,974,000 | 297,188,000 | 216,007,000 | 221,087,000 | 222,623,000 | 240,172,000 | 265,958,000 | 292,787,000 | 322,003,000 | 340,724,000 | 347,541,000 | 314,554,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,164,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 |
| Debtors (Due After 1 year) | 28,768,000 | 25,993,000 | 14,827,000 | 19,969,000 | 29,101,000 | 29,657,000 | 25,922,000 | 19,635,000 | 17,976,000 | 79,106,000 | 69,029,000 | 71,323,000 | 630,000 | 608,000 |
| Total Fixed Assets | 251,929,000 | 257,808,000 | 279,801,000 | 317,157,000 | 245,108,000 | 250,744,000 | 248,545,000 | 259,807,000 | 284,284,000 | 372,243,000 | 391,382,000 | 412,397,000 | 348,521,000 | 315,512,000 |
| Stock & work in progress | 528,000 | 1,461,000 | 1,955,000 | 2,408,000 | 83,000 | 88,000 | 86,000 | 82,000 | 153,000 | 227,000 | 315,000 | 362,000 | 511,000 | 1,032,000 |
| Trade Debtors | 31,967,000 | 30,982,000 | 31,354,000 | 48,764,000 | 80,711,000 | 84,902,000 | 50,459,000 | 42,179,000 | 44,874,000 | 80,398,000 | 69,246,000 | 64,553,000 | 76,525,000 | 103,062,000 |
| Group Debtors | 429,501,000 | 397,550,000 | 368,221,000 | 307,281,000 | 264,203,000 | 520,153,000 | 498,971,000 | 392,240,000 | 286,856,000 | 136,112,000 | 98,902,000 | 53,424,000 | 221,102,000 | 114,785,000 |
| Misc Debtors | 51,430,000 | 36,194,000 | 38,105,000 | 50,967,000 | 36,164,000 | 35,225,000 | 55,311,000 | 48,173,000 | 38,687,000 | 24,504,000 | 16,934,000 | 18,910,000 | 16,377,000 | 16,504,000 |
| Cash | 4,506,000 | 9,942,000 | 14,541,000 | 8,180,000 | 7,286,000 | 14,127,000 | 16,367,000 | 9,249,000 | 12,660,000 | 10,503,000 | 15,166,000 | 18,154,000 | 19,890,000 | 16,164,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 517,932,000 | 476,129,000 | 454,176,000 | 417,600,000 | 388,447,000 | 654,495,000 | 621,194,000 | 491,923,000 | 383,230,000 | 251,744,000 | 200,563,000 | 155,403,000 | 334,405,000 | 251,547,000 |
| total assets | 769,861,000 | 733,937,000 | 733,977,000 | 734,757,000 | 633,555,000 | 905,239,000 | 869,739,000 | 751,730,000 | 667,514,000 | 623,987,000 | 591,945,000 | 567,800,000 | 682,926,000 | 567,059,000 |
| Bank overdraft | 2,027,000 | 1,874,000 | 0 | 2,986,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,302,000 | 16,900,000 | 22,788,000 | 21,453,000 | 23,710,000 | 21,307,000 | 24,710,000 | 21,540,000 | 6,951,000 | 15,646,000 | 7,020,000 | 8,772,000 | 13,962,000 | 8,957,000 |
| Group/Directors Accounts | 51,246,000 | 49,828,000 | 46,523,000 | 50,243,000 | 52,507,000 | 52,055,000 | 54,832,000 | 46,774,000 | 43,757,000 | 42,392,000 | 53,795,000 | 73,339,000 | 172,556,000 | 89,785,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 8,978,000 | 10,353,000 | 9,152,000 | 11,655,000 | 2,708,000 | 2,524,000 | 1,518,000 | 285,000 | 87,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 67,501,000 | 65,701,000 | 78,564,000 | 90,468,000 | 84,262,000 | 80,825,000 | 72,986,000 | 73,725,000 | 67,882,000 | 69,432,000 | 80,045,000 | 62,384,000 | 93,212,000 | 98,545,000 |
| total current liabilities | 149,054,000 | 144,656,000 | 157,027,000 | 176,805,000 | 163,187,000 | 156,711,000 | 154,046,000 | 142,324,000 | 118,677,000 | 127,470,000 | 140,860,000 | 144,495,000 | 279,730,000 | 197,287,000 |
| loans | 969,000 | 1,082,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 50,422,000 | 60,341,000 | 68,836,000 | 78,448,000 | 1,629,000 | 4,100,000 | 7,394,000 | 1,379,000 | 324,000 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 14,827,000 | 8,488,000 | 5,924,000 | 4,699,000 | 9,674,000 | 4,587,000 | 3,381,000 | 840,000 | 378,000 | 231,000 | 1,016,000 | 0 | 9,869,000 | 1,696,000 |
| other liabilities | 0 | 0 | 1,164,000 | 1,492,000 | 1,492,000 | 2,045,000 | 5,796,000 | 5,929,000 | 5,127,000 | 5,532,000 | 5,101,000 | 4,918,000 | 0 | 0 |
| provisions | 6,973,000 | 12,077,000 | 12,021,000 | 13,549,000 | 10,458,000 | 19,708,000 | 21,933,000 | 24,198,000 | 17,789,000 | 16,180,000 | 15,318,000 | 12,522,000 | 16,962,000 | 18,174,000 |
| total long term liabilities | 73,191,000 | 81,988,000 | 87,945,000 | 98,188,000 | 23,253,000 | 30,440,000 | 38,504,000 | 32,346,000 | 23,618,000 | 21,943,000 | 21,435,000 | 17,440,000 | 26,831,000 | 19,870,000 |
| total liabilities | 222,245,000 | 226,644,000 | 244,972,000 | 274,993,000 | 186,440,000 | 187,151,000 | 192,550,000 | 174,670,000 | 142,295,000 | 149,413,000 | 162,295,000 | 161,935,000 | 306,561,000 | 217,157,000 |
| net assets | 547,616,000 | 507,293,000 | 489,005,000 | 459,764,000 | 447,115,000 | 718,088,000 | 677,189,000 | 577,060,000 | 525,219,000 | 474,574,000 | 429,650,000 | 405,865,000 | 376,365,000 | 349,902,000 |
| total shareholders funds | 547,616,000 | 507,293,000 | 489,005,000 | 459,764,000 | 447,115,000 | 718,088,000 | 677,189,000 | 577,060,000 | 525,219,000 | 474,574,000 | 429,650,000 | 405,865,000 | 376,365,000 | 349,902,000 |
| 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 | 25,038,000 | 21,897,000 | 32,214,000 | 17,468,000 | 59,581,000 | 31,200,000 | 101,613,000 | 51,837,000 | 49,757,000 | 27,686,000 | 24,210,000 | 26,163,000 | 26,446,000 | 24,050,000 |
| Depreciation | 40,613,000 | 30,422,000 | 38,497,000 | 46,669,000 | 30,358,000 | 31,150,000 | 34,231,000 | 38,599,000 | 43,224,000 | 55,839,000 | 47,028,000 | 48,095,000 | 47,270,000 | 43,170,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 10,018,000 | -152,000 | -997,000 | -4,794,000 | -2,295,000 | 1,206,000 | -1,918,000 | 33,000 | 3,216,000 | 17,788,000 | -123,000 | -92,000 | -41,000 | -45,000 |
| Stock | -933,000 | -494,000 | -453,000 | 2,325,000 | -5,000 | 2,000 | 4,000 | -71,000 | -74,000 | -88,000 | -47,000 | -149,000 | -521,000 | 1,032,000 |
| Debtors | 50,947,000 | 38,212,000 | 25,526,000 | 16,802,000 | -259,758,000 | 39,274,000 | 128,436,000 | 113,834,000 | 68,273,000 | 66,009,000 | 45,901,000 | -106,424,000 | 79,675,000 | 234,959,000 |
| Creditors | 2,402,000 | -5,888,000 | 1,335,000 | -2,257,000 | 2,403,000 | -3,403,000 | 3,170,000 | 14,589,000 | -8,695,000 | 8,626,000 | -1,752,000 | -5,190,000 | 5,005,000 | 8,957,000 |
| Accruals and Deferred Income | 8,139,000 | -10,299,000 | -10,679,000 | 1,231,000 | 8,524,000 | 9,045,000 | 1,802,000 | 6,305,000 | -1,403,000 | -11,398,000 | 18,677,000 | -40,697,000 | 2,840,000 | 100,241,000 |
| Deferred Taxes & Provisions | -5,104,000 | 56,000 | -1,528,000 | 3,091,000 | -9,250,000 | -2,225,000 | -2,265,000 | 6,409,000 | 1,609,000 | 862,000 | 2,796,000 | -4,440,000 | -1,212,000 | 18,174,000 |
| Cash flow from operations | 31,092,000 | -1,682,000 | 33,769,000 | 42,281,000 | 349,084,000 | 27,697,000 | 8,193,000 | 4,009,000 | 19,509,000 | 33,482,000 | 44,982,000 | 130,412,000 | 1,154,000 | -41,444,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1,164,000 | 0 | 0 | 0 | 0 | 0 | 0 | -350,000 | 0 | 0 | 0 | 0 | 0 | 350,000 |
| 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 | 1,418,000 | 3,305,000 | -3,720,000 | -2,264,000 | 452,000 | -2,777,000 | 8,058,000 | 3,017,000 | 1,365,000 | -11,403,000 | -19,544,000 | -99,217,000 | 82,771,000 | 89,785,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -113,000 | 1,082,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -11,294,000 | -7,294,000 | -12,115,000 | 85,766,000 | -2,287,000 | -2,288,000 | 7,248,000 | 1,253,000 | 411,000 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -1,164,000 | -328,000 | 0 | -553,000 | -3,751,000 | -133,000 | 802,000 | -405,000 | 431,000 | 183,000 | 4,918,000 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 4,770,000 | -2,276,000 | -2,282,000 | -558,000 | 7,290,000 | 3,853,000 | 374,000 | -146,000 | -916,000 | -1,050,000 | -610,000 | -599,000 | -693,000 | -96,000 |
| cash flow from financing | -4,753,000 | -6,571,000 | -18,118,000 | 83,448,000 | -383,922,000 | -303,000 | 15,547,000 | 4,926,000 | -1,390,000 | -12,022,000 | -19,971,000 | -94,898,000 | 82,078,000 | 655,874,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -5,436,000 | -4,599,000 | 6,361,000 | 894,000 | -6,841,000 | -2,240,000 | 7,118,000 | -3,411,000 | 2,157,000 | -4,663,000 | -2,988,000 | -1,736,000 | 3,726,000 | 16,164,000 |
| overdraft | 153,000 | 1,874,000 | -2,986,000 | 2,986,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -5,589,000 | -6,473,000 | 9,347,000 | -2,092,000 | -6,841,000 | -2,240,000 | 7,118,000 | -3,411,000 | 2,157,000 | -4,663,000 | -2,988,000 | -1,736,000 | 3,726,000 | 16,164,000 |
P&L
December 2022turnover
227.3m
-7%
operating profit
25m
+14%
gross margin
42.8%
+4.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
547.6m
+0.08%
total assets
769.9m
+0.05%
cash
4.5m
-0.55%
net assets
Total assets minus all liabilities
verizon uk limited company details
company number
02776038
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
incorporation date
December 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
mci worldcom limited (September 2006)
worldcom international limited (January 1999)
See moreincorporated
UK
address
reading international business, park basingstoke road, reading, berkshire, RG2 6DA
last accounts submitted
December 2022
verizon 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 found 9 charges/mortgages relating to verizon uk limited. Currently there are 9 open charges and 0 have been satisfied in the past.
verizon uk limited Companies House Filings - See Documents
| date | description | view/download |
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