xl services uk limited
xl services uk limited Company Information
Company Number
02816304
Next Accounts
2740 days late
Shareholders
xl insurance (uk) holdings ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
xl house 70 gracechurch street, london, EC3V 0XL
Website
-xl services uk limited Estimated Valuation
Pomanda estimates the enterprise value of XL SERVICES UK LIMITED at £244.7m based on a Turnover of £205.5m and 1.19x industry multiple (adjusted for size and gross margin).
xl services uk limited Estimated Valuation
Pomanda estimates the enterprise value of XL SERVICES UK LIMITED at £80.6m based on an EBITDA of £9.2m and a 8.72x industry multiple (adjusted for size and gross margin).
xl services uk limited Estimated Valuation
Pomanda estimates the enterprise value of XL SERVICES UK LIMITED at £25.3m based on Net Assets of £11.9m and 2.13x industry multiple (adjusted for liquidity).
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Xl Services Uk Limited Overview
Xl Services Uk Limited is a converted/closed company that was located in london, EC3V 0XL with a Companies House number of 02816304. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 1993, it's largest shareholder was xl insurance (uk) holdings ltd with a 100% stake. The last turnover for Xl Services Uk Limited was estimated at £205.5m.
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Xl Services Uk Limited Health Check
Pomanda's financial health check has awarded Xl Services Uk Limited a 4 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
1 Regular
3 Weak
Size
annual sales of £205.5m, make it larger than the average company (£2.3m)
£205.5m - Xl Services Uk Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.2%)
9% - Xl Services Uk Limited
4.2% - Industry AVG
Production
with a gross margin of 36.4%, this company has a comparable cost of product (36.4%)
36.4% - Xl Services Uk Limited
36.4% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (6.5%)
1.1% - Xl Services Uk Limited
6.5% - Industry AVG
Employees
with 863 employees, this is above the industry average (29)
863 - Xl Services Uk Limited
29 - Industry AVG
Pay Structure
on an average salary of £158.7k, the company has a higher pay structure (£41.6k)
£158.7k - Xl Services Uk Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £238.1k, this is more efficient (£149.3k)
£238.1k - Xl Services Uk Limited
£149.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Xl Services Uk Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Xl Services Uk Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Xl Services Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 60 weeks, this is more cash available to meet short term requirements (21 weeks)
60 weeks - Xl Services Uk Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a higher level of debt than the average (69.6%)
92.4% - Xl Services Uk Limited
69.6% - Industry AVG
XL SERVICES UK LIMITED financials
Xl Services Uk Limited's latest turnover from December 2015 is £205.5 million and the company has net assets of £11.9 million. According to their latest financial statements, Xl Services Uk Limited has 863 employees and maintains cash reserves of £65.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Turnover | 205,461,532 | 187,902,885 | 177,534,291 | 157,880,811 | 138,909,603 | 138,871,347 | 141,287,889 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 2,338,677 | 1,151,799 | 6,480,354 | 3,976,725 | 8,326,179 | -384,804 | -927,784 |
| Interest Payable | 5,469,034 | 5,568,186 | 5,516,836 | 5,589,543 | 5,718,158 | 5,776,669 | 5,822,571 |
| Interest Receivable | 369,580 | 53,890 | 231,562 | 336,921 | 99,250 | 203,491 | |
| Pre-Tax Profit | -2,760,777 | 5,637,503 | 963,518 | -1,381,256 | 2,944,942 | -6,062,223 | -6,546,864 |
| Tax | -1,689,338 | -503,849 | -1,256,266 | -2,088,135 | -1,120,240 | -405,947 | -3,230,877 |
| Profit After Tax | -4,450,115 | 5,133,654 | -292,748 | -3,469,391 | 1,824,702 | -6,468,170 | -9,777,741 |
| Dividends Paid | |||||||
| Retained Profit | -4,450,115 | 5,133,654 | -292,748 | -3,469,391 | 1,824,702 | -6,468,170 | -9,777,741 |
| Employee Costs | 136,948,028 | 135,739,933 | 123,696,879 | 111,259,499 | 95,758,452 | 104,063,136 | 107,828,697 |
| Number Of Employees | 863 | 872 | 835 | 783 | 776 | 738 | 774 |
| EBITDA* | 9,248,795 | 8,462,572 | 13,177,513 | 10,455,890 | 8,326,179 | -384,804 | 4,761,324 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 62,262,180 | 69,058,955 | 72,164,103 | 76,303,607 | 77,500,132 | 81,268,019 | 83,254,146 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 62,262,180 | 69,058,955 | 72,164,103 | 76,303,607 | 77,500,132 | 81,268,019 | 83,254,146 |
| Stock & work in progress | |||||||
| Trade Debtors | |||||||
| Group Debtors | 13,662,473 | 25,823,649 | 11,535,173 | 6,895,804 | 20,290,261 | 25,413,188 | 59,540,967 |
| Misc Debtors | 15,296,842 | 7,589,776 | 7,787,682 | 7,712,119 | 5,576,458 | 9,921,149 | 10,365,186 |
| Cash | 65,851,256 | 52,310,980 | 59,043,837 | 57,249,281 | 39,809,126 | 48,022,008 | 41,081,070 |
| misc current assets | 118,320 | 248,006 | 133,534 | ||||
| total current assets | 94,810,571 | 85,724,405 | 78,366,692 | 71,857,204 | 65,794,165 | 83,604,351 | 111,120,757 |
| total assets | 157,072,751 | 154,783,360 | 150,530,795 | 148,160,811 | 143,294,297 | 164,872,370 | 194,374,903 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | |||||||
| Group/Directors Accounts | 2,899,544 | 577,306 | 2,281,574 | 87,957 | 1,549,703 | 16,189,690 | 41,070,189 |
| other short term finances | |||||||
| hp & lease commitments | 2,995,241 | 2,618,385 | 2,269,997 | 1,948,160 | |||
| other current liabilities | 50,549,601 | 44,443,181 | 42,733,563 | 40,748,978 | 31,535,853 | 36,226,929 | 33,888,471 |
| total current liabilities | 56,444,386 | 47,638,872 | 47,285,134 | 42,785,095 | 33,085,556 | 52,416,619 | 74,958,660 |
| loans | |||||||
| hp & lease commitments | 74,689,135 | 77,576,375 | 79,114,760 | 81,384,756 | 83,332,915 | 84,983,996 | 86,361,078 |
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 88,746,056 | 93,951,221 | 92,228,674 | 93,292,984 | 93,880,731 | 95,191,627 | 98,340,153 |
| total liabilities | 145,190,442 | 141,590,093 | 139,513,808 | 136,078,079 | 126,966,287 | 147,608,246 | 173,298,813 |
| net assets | 11,882,309 | 13,193,267 | 11,016,987 | 12,082,732 | 16,328,010 | 17,264,124 | 21,076,090 |
| total shareholders funds | 11,882,309 | 13,193,267 | 11,016,987 | 12,082,732 | 16,328,010 | 17,264,124 | 21,076,090 |
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 2,338,677 | 1,151,799 | 6,480,354 | 3,976,725 | 8,326,179 | -384,804 | -927,784 |
| Depreciation | 6,910,118 | 7,310,773 | 6,697,159 | 6,479,165 | 5,689,108 | ||
| Amortisation | |||||||
| Tax | -1,689,338 | -503,849 | -1,256,266 | -2,088,135 | -1,120,240 | -405,947 | -3,230,877 |
| Stock | |||||||
| Debtors | -4,454,110 | 14,090,570 | 4,714,932 | -11,258,796 | -9,467,618 | -34,571,816 | 69,906,153 |
| Creditors | |||||||
| Accruals and Deferred Income | 6,106,420 | 1,709,618 | 1,984,585 | 9,213,125 | -4,691,076 | 2,338,458 | 33,888,471 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 18,119,987 | -4,422,229 | 9,190,900 | 28,839,676 | -34,487,235 | ||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 2,322,238 | -1,704,268 | 2,193,617 | -1,461,746 | -14,639,987 | -24,880,499 | 41,070,189 |
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | -2,510,384 | -1,189,997 | -1,948,159 | 1 | -1,651,081 | -1,377,082 | 86,361,078 |
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -5,099,454 | -5,514,296 | -5,516,836 | -5,357,981 | -5,381,237 | -5,677,419 | -5,619,080 |
| cash flow from financing | -2,148,443 | -11,365,935 | -6,044,375 | -7,595,613 | -24,433,121 | -29,278,796 | 152,666,018 |
| cash and cash equivalents | |||||||
| cash | 13,540,276 | -6,732,857 | 1,794,556 | 17,440,155 | -8,212,882 | 6,940,938 | 41,081,070 |
| overdraft | |||||||
| change in cash | 13,540,276 | -6,732,857 | 1,794,556 | 17,440,155 | -8,212,882 | 6,940,938 | 41,081,070 |
xl services uk limited Credit Report and Business Information
Xl Services Uk Limited Competitor Analysis
Perform a competitor analysis for xl services uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
xl services uk limited Ownership
XL SERVICES UK LIMITED group structure
Xl Services Uk Limited has no subsidiary companies.
Ultimate parent company
XL SERVICES UK LIMITED
02816304
xl services uk limited directors
Xl Services Uk Limited currently has 2 directors. The longest serving directors include Miss Juliet Phillips (Jul 2015) and Mr Paul Bradbrook (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Juliet Phillips | 52 years | Jul 2015 | - | Director | |
| Mr Paul Bradbrook | United Kingdom | 49 years | Sep 2015 | - | Director |
P&L
December 2015turnover
205.5m
+9%
operating profit
2.3m
+103%
gross margin
36.5%
+2.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2015net assets
11.9m
-0.1%
total assets
157.1m
+0.01%
cash
65.9m
+0.26%
net assets
Total assets minus all liabilities
Similar Companies
xl services uk limited company details
company number
02816304
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 1993
age
32
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2015
previous names
nac re international services company limited (November 2000)
solvewarm projects limited (May 1993)
accountant
-
auditor
-
address
xl house 70 gracechurch street, london, EC3V 0XL
Bank
CITIBANK N.A.
Legal Advisor
-
xl services 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 xl services uk limited.
xl services uk 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.
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xl services uk limited Companies House Filings - See Documents
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