Servevast Limited

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servevast limited Company Information

Live

MatureSmallRapid

Company Number

02794308

Website

www.servevastdirect.co.uk

Registered Address

3 chase house, park plaza, cannock, staffs, WS12 2DD

Industry

Repair of household appliances and home and garden equipment

Telephone

03300947773

Next Accounts Due

January 2025

Group Structure

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Directors

Paul Berridge31 Years

Michael Griffiths31 Years

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Shareholders

michael dean griffiths 33.3%

suzanne cherry 33.3%

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servevast limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of SERVEVAST LIMITED at £1.7m based on a Turnover of £3.9m and 0.45x industry multiple (adjusted for size and gross margin).

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Servevast Limited is a live company located in cannock, WS12 2DD with a Companies House number of 02794308. It operates in the repair of household appliances and home and garden equipment sector, SIC Code 95220. Founded in February 1993, it's largest shareholder is michael dean griffiths with a 33.3% stake. Servevast Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Servevast Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £3.9m, make it larger than the average company (£138.6k)

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (7.2%)

EXPORT

Servevast Limited's latest turnover from April 2023 is estimated at £3.9 million and the company has net assets of £102.5 thousand. According to their latest financial statements, Servevast Limited has 43 employees and maintains cash reserves of £270.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,895,917	3,719,540	3,147,249	1,692,233	1,337,131	1,722,395	1,367,575	5,235,522	4,920,280	4,625,153	4,484,240	4,173,301	4,011,704	3,921,402
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,849,807	2,473,567	1,595,478	502,790	448,585	547,877	523,798	3,393,857	3,253,779	3,097,131	2,998,224	2,750,135	2,651,757	2,566,536
Gross Profit	1,046,110	1,245,974	1,551,771	1,189,444	888,547	1,174,518	843,777	1,841,665	1,666,501	1,528,022	1,486,016	1,423,166	1,359,947	1,354,866
Admin Expenses	1,096,455	1,290,412	1,482,845	1,122,783	895,570	1,081,229	832,908	1,780,432	1,612,486	1,515,134	1,485,361	1,398,024	1,364,840	1,326,453
Operating Profit	-50,345	-44,438	68,926	66,661	-7,023	93,289	10,869	61,233	54,015	12,888	655	25,142	-4,893	28,413
Interest Payable	862	698	1,629	1,240	68	65	0	0	0	0	0	0	0	0
Interest Receivable	10,123	1,477	216	197	887	456	183	60	0	132	0	0	0	0
Pre-Tax Profit	-41,083	-43,659	67,512	65,619	-6,203	93,679	11,052	61,293	54,015	13,020	655	25,142	-4,893	28,413
Tax	0	0	-12,827	-12,468	0	-17,799	-2,100	-16,609	-14,274	-5,369	0	-4,413	-3,977	-8,226
Profit After Tax	-41,083	-43,659	54,685	53,151	-6,203	75,880	8,952	44,684	39,741	7,651	655	20,729	-8,870	20,187
Dividends Paid	0	0	0	0	0	0	0	79,300	100,000	61,500	15,000	0	0	0
Retained Profit	-41,083	-43,659	54,685	53,151	-6,203	75,880	8,952	-34,616	-60,259	-53,849	-14,345	20,729	-8,870	20,187
Employee Costs	1,035,892	1,032,595	862,216	747,502	1,051,938	1,016,182	761,361	896,726	930,999	590,552	777,973	1,224,212	1,025,369	984,338
Number Of Employees	43	45	42	39	44	40	40	46	48	31	40	77	25	24
EBITDA*	-35,527	-22,705	85,207	66,661	3,553	102,373	20,428	76,751	74,059	30,152	16,263	38,467	10,345	44,885

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	38,866	50,273	56,226	42,680	43,087	36,031	36,872	39,425	49,074	39,823	43,637	39,708	38,563	43,435
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	38,866	50,273	56,226	42,680	43,087	36,031	36,872	39,425	49,074	39,823	43,637	39,708	38,563	43,435
Stock & work in progress	225,987	238,485	227,342	202,822	218,527	228,849	251,200	176,033	215,289	199,565	173,313	172,932	166,287	149,639
Trade Debtors	521,380	618,853	842,807	370,067	143,819	300,720	108,662	625,999	481,903	390,158	392,155	352,898	446,079	421,175
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,113	13,058	9,531	33,852	14,282	39,367	37,999	70,026	30,569	10,180	18,490	16,227	102,229	16,981
Cash	270,434	205,962	188,003	243,906	150,771	85,882	96,400	49,671	172,601	243,290	46,176	143,931	52,138	46,527
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,038,914	1,076,358	1,267,683	850,647	527,399	654,818	494,261	921,729	900,362	843,193	630,134	685,988	766,733	634,322
total assets	1,077,780	1,126,631	1,323,909	893,327	570,486	690,849	531,133	961,154	949,436	883,016	673,771	725,696	805,296	677,757
Bank overdraft	8,883	7,933	12,763	40,662	0	2,008	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	699,431	667,903	802,923	510,976	279,639	302,990	406,080	764,523	721,452	596,122	364,113	396,318	520,310	388,417
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	234,672	265,426	270,936	201,877	204,291	294,656	109,849	195,876	192,613	191,264	160,179	180,577	156,914	152,398
total current liabilities	942,986	941,262	1,086,622	753,515	483,930	599,654	515,929	960,399	914,065	787,386	524,292	576,895	677,224	540,815
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	23,203	32,815	40,066	0	0	0	0	0	0	0	0	0	0	0
provisions	9,113	8,993	10,001	7,277	7,172	5,608	5,497	0	0	0	0	0	0	0
total long term liabilities	32,316	41,808	50,067	7,277	7,172	5,608	5,497	0	0	0	0	0	0	0
total liabilities	975,302	983,070	1,136,689	760,792	491,102	605,262	521,426	960,399	914,065	787,386	524,292	576,895	677,224	540,815
net assets	102,478	143,561	187,220	132,535	79,384	85,587	9,707	755	35,371	95,630	149,479	148,801	128,072	136,942
total shareholders funds	102,478	143,561	187,220	132,535	79,384	85,587	9,707	755	35,371	95,630	149,479	148,801	128,072	136,942

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-50,345	-44,438	68,926	66,661	-7,023	93,289	10,869	61,233	54,015	12,888	655	25,142	-4,893	28,413
Depreciation	14,818	21,733	16,281	0	10,576	9,084	9,559	15,518	20,044	17,264	15,608	13,325	15,238	16,472
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-12,827	-12,468	0	-17,799	-2,100	-16,609	-14,274	-5,369	0	-4,413	-3,977	-8,226
Stock	-12,498	11,143	24,520	-15,705	-10,322	-22,351	75,167	-39,256	15,724	26,252	381	6,645	16,648	149,639
Debtors	-89,418	-220,427	448,419	245,818	-181,986	193,426	-549,364	183,553	112,134	-10,307	41,520	-179,183	110,152	438,156
Creditors	31,528	-135,020	291,947	231,337	-23,351	-103,090	-358,443	43,071	125,330	232,009	-32,205	-123,992	131,893	388,417
Accruals and Deferred Income	-30,754	-5,510	69,059	-2,414	-90,365	184,807	-86,027	3,263	1,349	31,085	-20,398	23,663	4,516	152,398
Deferred Taxes & Provisions	120	-1,008	2,724	105	1,564	111	5,497	0	0	0	0	0	0	0
Cash flow from operations	67,283	45,041	-36,829	53,108	83,709	-4,673	53,552	-37,821	58,606	271,932	-78,241	106,263	15,977	-10,321
Investing Activities
capital expenditure	-3,411	-15,780	-29,827	407	-17,632	-8,243	-7,006	-5,869	-29,295	-13,450	-19,537	-14,470	-10,366	-59,907
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,411	-15,780	-29,827	407	-17,632	-8,243	-7,006	-5,869	-29,295	-13,450	-19,537	-14,470	-10,366	-59,907
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	-9,612	-7,251	40,066	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	15,023	0	0	116,755
interest	9,261	779	-1,413	-1,043	819	391	183	60	0	132	0	0	0	0
cash flow from financing	-351	-6,472	38,653	-1,043	819	391	183	60	0	132	15,023	0	0	116,755
cash and cash equivalents
cash	64,472	17,959	-55,903	93,135	64,889	-10,518	46,729	-122,930	-70,689	197,114	-97,755	91,793	5,611	46,527
overdraft	950	-4,830	-27,899	40,662	-2,008	2,008	0	0	0	0	0	0	0	0
change in cash	63,522	22,789	-28,004	52,473	66,897	-12,526	46,729	-122,930	-70,689	197,114	-97,755	91,793	5,611	46,527

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SERVEVAST LIMITED group structure

Servevast Limited has no subsidiary companies.

Ultimate parent company

SERVEVAST LIMITED

02794308

SERVEVAST LIMITED Shareholders

michael dean griffiths	33.33%
suzanne cherry	33.33%
paul berridge	33.33%

Servevast Limited currently has 3 directors. The longest serving directors include Mr Paul Berridge (Apr 1993) and Mr Michael Griffiths (Apr 1993).

officer	country	age	start	end	role
Mr Paul Berridge		63 years	Apr 1993	-	Director
Mr Michael Griffiths	England	57 years	Apr 1993	-	Director
Miss Suzanne Cherry	England	62 years	Nov 2012	-	Director

P&L

April 2023

turnover

3.9m

+5%

operating profit

-50.3k

gross margin

26.9%

-19.84%

turnover

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

Balance Sheet

April 2023

net assets

102.5k

-0.29%

total assets

1.1m

-0.04%

cash

270.4k

+0.31%

net assets

Total assets minus all liabilities

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company number

02794308

Type

Private limited with Share Capital

industry

95220 - Repair of household appliances and home and garden equipment

incorporation date

February 1993

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

3 chase house, park plaza, cannock, staffs, WS12 2DD

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 servevast limited.

servevast limited Company Information

servevast limited Estimated Valuation

servevast limited Estimated Valuation

servevast limited Estimated Valuation

Servevast Limited Overview

Servevast Limited Health Check

SERVEVAST LIMITED financials

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servevast limited Ownership

servevast limited directors

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servevast limited Companies House Filings - See Documents