vidett governance services limited
vidett governance services limited Company Information
Company Number
03021321
Website
http://psgovernance.comRegistered Address
3rd floor forbury works, 37-43 blagrave street, reading, RG1 1PZ
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
08453130024
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
psgs group limited 100%
vidett governance services limited Estimated Valuation
Pomanda estimates the enterprise value of VIDETT GOVERNANCE SERVICES LIMITED at £6.6m based on a Turnover of £10.6m and 0.62x industry multiple (adjusted for size and gross margin).
vidett governance services limited Estimated Valuation
Pomanda estimates the enterprise value of VIDETT GOVERNANCE SERVICES LIMITED at £13.9m based on an EBITDA of £2.7m and a 5.07x industry multiple (adjusted for size and gross margin).
vidett governance services limited Estimated Valuation
Pomanda estimates the enterprise value of VIDETT GOVERNANCE SERVICES LIMITED at £12.4m based on Net Assets of £5.5m and 2.27x industry multiple (adjusted for liquidity).
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Vidett Governance Services Limited Overview
Vidett Governance Services Limited is a live company located in reading, RG1 1PZ with a Companies House number of 03021321. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in February 1995, it's largest shareholder is psgs group limited with a 100% stake. Vidett Governance Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.6m with healthy growth in recent years.
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Vidett Governance Services Limited Health Check
Pomanda's financial health check has awarded Vidett Governance Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £10.6m, make it larger than the average company (£2.8m)
£10.6m - Vidett Governance Services Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7%)
11% - Vidett Governance Services Limited
7% - Industry AVG
Production
with a gross margin of 44.6%, this company has a comparable cost of product (44.6%)
44.6% - Vidett Governance Services Limited
44.6% - Industry AVG
Profitability
an operating margin of 25.7% make it more profitable than the average company (5.6%)
25.7% - Vidett Governance Services Limited
5.6% - Industry AVG
Employees
with 61 employees, this is above the industry average (21)
61 - Vidett Governance Services Limited
21 - Industry AVG
Pay Structure
on an average salary of £86.1k, the company has a higher pay structure (£52.6k)
£86.1k - Vidett Governance Services Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £173.3k, this is more efficient (£124.4k)
£173.3k - Vidett Governance Services Limited
£124.4k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is near the average (56 days)
62 days - Vidett Governance Services Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (31 days)
6 days - Vidett Governance Services Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vidett Governance Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (26 weeks)
39 weeks - Vidett Governance Services Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.3%, this is a lower level of debt than the average (52.7%)
33.3% - Vidett Governance Services Limited
52.7% - Industry AVG
VIDETT GOVERNANCE SERVICES LIMITED financials
Vidett Governance Services Limited's latest turnover from December 2023 is £10.6 million and the company has net assets of £5.5 million. According to their latest financial statements, Vidett Governance Services Limited has 61 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 10,572,349 | 8,989,613 | 8,289,993 | 7,833,207 | 6,966,109 | 6,408,751 | 3,739,139 | 3,361,969 | 2,927,540 | 2,830,220 | 2,090,163 | 1,710,127 | 1,535,250 | 1,223,038 | 927,140 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 2,720,054 | 2,588,684 | 2,445,905 | 2,615,055 | 2,261,127 | 2,440,250 | 1,298,078 | 1,155,406 | 947,519 | 909,852 | 744,614 | 465,491 | 324,408 | 236,511 | 203,310 |
| Interest Payable | 601 | 1,353 | 1,223 | 1,220 | 1,485 | 1,362 | 543 | 373 | 402 | 315 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 38 | 367 | 0 | 0 | 0 | 0 | 110 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,719,453 | 2,587,331 | 2,444,682 | 2,613,835 | 2,259,642 | 2,438,926 | 1,297,902 | 1,155,033 | 947,117 | 909,537 | 744,614 | 465,601 | 324,408 | 236,511 | 203,310 |
| Tax | -218,759 | -309,326 | -258,354 | -420,549 | -262,484 | -319,464 | -200,027 | -204,680 | -181,193 | -184,464 | -117,006 | -98,636 | -68,479 | -59,211 | 0 |
| Profit After Tax | 2,500,694 | 2,278,005 | 2,186,328 | 2,193,286 | 1,997,158 | 2,119,462 | 1,097,875 | 950,353 | 765,924 | 725,073 | 627,608 | 366,965 | 255,929 | 177,300 | 203,310 |
| Dividends Paid | 0 | 1,169,326 | 2,000,000 | 2,600,000 | 4,050,000 | 0 | 0 | 900,000 | 670,000 | 650,000 | 1,101,774 | 0 | 0 | 0 | 450,000 |
| Retained Profit | 2,500,694 | 1,108,679 | 186,328 | -406,714 | -2,052,842 | 2,119,462 | 1,097,875 | 50,353 | 95,924 | 75,073 | -474,166 | 366,965 | 255,929 | 177,300 | -246,690 |
| Employee Costs | 5,255,029 | 5,027,421 | 4,302,919 | 3,938,001 | 3,508,806 | 2,844,830 | 1,669,428 | 1,582,284 | 1,353,931 | 1,249,403 | 873,693 | 773,958 | 705,374 | 600,526 | 488,738 |
| Number Of Employees | 61 | 54 | 47 | 42 | 38 | 33 | 21 | 19 | 16 | 14 | 12 | 10 | 10 | 8 | 6 |
| EBITDA* | 2,746,496 | 2,604,645 | 2,466,617 | 2,633,925 | 2,269,203 | 2,441,082 | 1,298,078 | 1,155,406 | 947,519 | 909,852 | 744,614 | 465,491 | 324,408 | 236,511 | 203,310 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 0 | 26,442 | 40,820 | 55,199 | 20,851 | 15,799 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 1,583 | 7,917 | 14,250 | 19,000 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 57,808 | 13,412 | 877 | 2,755 | 3,936 | 2,347 | 600 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 26,442 | 100,211 | 76,528 | 35,978 | 37,554 | 3,936 | 2,347 | 600 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,808,430 | 1,312,333 | 962,591 | 993,007 | 1,212,593 | 2,174,470 | 1,219,005 | 593,879 | 498,748 | 412,987 | 543,520 | 319,973 | 323,186 | 131,827 | 99,816 |
| Group Debtors | 3,139,247 | 367,289 | 0 | 0 | 0 | 2,067,459 | 0 | 28,183 | 9,833 | 16,084 | 35,750 | 491,381 | 23,736 | 0 | 0 |
| Misc Debtors | 1,414,576 | 1,570,640 | 1,366,089 | 913,341 | 942,085 | 38,003 | 6,351 | 334,171 | 323,841 | 175,076 | 49,190 | 93,837 | 59,370 | 174,432 | 72,773 |
| Cash | 1,847,207 | 2,092,236 | 1,183,709 | 1,535,168 | 1,033,622 | 909,684 | 1,618,622 | 671,370 | 816,792 | 859,966 | 570,918 | 565,594 | 721,736 | 489,202 | 292,059 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 2,938 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,209,460 | 5,342,498 | 3,512,389 | 3,441,516 | 3,188,300 | 5,192,554 | 2,843,978 | 1,627,603 | 1,649,214 | 1,464,113 | 1,199,378 | 1,470,785 | 1,128,028 | 795,461 | 464,648 |
| total assets | 8,209,460 | 5,368,940 | 3,612,600 | 3,518,044 | 3,224,278 | 5,230,108 | 2,847,914 | 1,629,950 | 1,649,814 | 1,464,113 | 1,199,378 | 1,470,785 | 1,128,028 | 795,461 | 464,648 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Trade Creditors | 97,587 | 8 | 0 | 77,514 | 1,805 | 27,487 | 0 | 3,268 | 872 | 408 | 8 | 0 | 3,063 | 530 | 983 |
| Group/Directors Accounts | 381,470 | 705,298 | 298,689 | 434,916 | 253,609 | 386,326 | 292,990 | 251,809 | 323,948 | 273,504 | 273,711 | 60,923 | 126,337 | 74,738 | 9,057 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 1,972,252 | 1,306,534 | 1,174,081 | 1,202,549 | 879,097 | 677,022 | 539,623 | 465,583 | 470,148 | 434,279 | 241,144 | 251,181 | 206,912 | 184,406 | 96,121 |
| total current liabilities | 2,451,309 | 2,011,840 | 1,472,770 | 1,714,979 | 1,134,511 | 1,090,835 | 832,613 | 720,660 | 794,968 | 708,191 | 514,863 | 312,104 | 336,312 | 259,674 | 106,161 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 279,397 | 379,040 | 270,449 | 120,012 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 279,397 | 379,040 | 270,449 | 120,012 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,730,706 | 2,390,880 | 1,743,219 | 1,834,991 | 1,134,511 | 1,090,835 | 832,613 | 720,660 | 794,968 | 708,191 | 514,863 | 312,104 | 336,312 | 259,674 | 106,161 |
| net assets | 5,478,754 | 2,978,060 | 1,869,381 | 1,683,053 | 2,089,767 | 4,139,273 | 2,015,301 | 909,290 | 854,846 | 755,922 | 684,515 | 1,158,681 | 791,716 | 535,787 | 358,487 |
| total shareholders funds | 5,478,754 | 2,978,060 | 1,869,381 | 1,683,053 | 2,089,767 | 4,139,273 | 2,015,301 | 909,290 | 854,846 | 755,922 | 684,515 | 1,158,681 | 791,716 | 535,787 | 358,487 |
| Dec 2023 | 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 | 2,720,054 | 2,588,684 | 2,445,905 | 2,615,055 | 2,261,127 | 2,440,250 | 1,298,078 | 1,155,406 | 947,519 | 909,852 | 744,614 | 465,491 | 324,408 | 236,511 | 203,310 |
| Depreciation | 26,442 | 14,378 | 14,378 | 12,537 | 3,326 | 832 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 1,583 | 6,334 | 6,333 | 4,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -218,759 | -309,326 | -258,354 | -420,549 | -262,484 | -319,464 | -200,027 | -204,680 | -181,193 | -184,464 | -117,006 | -98,636 | -68,479 | -59,211 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,111,991 | 863,774 | 466,728 | -235,795 | -2,127,132 | 3,053,395 | 270,712 | 125,558 | 228,875 | -24,313 | -276,731 | 498,899 | 100,033 | 133,670 | 172,589 |
| Creditors | 97,579 | 8 | -77,514 | 75,709 | -25,682 | 27,487 | -3,268 | 2,396 | 464 | 400 | 8 | -3,063 | 2,533 | -453 | 983 |
| Accruals and Deferred Income | 566,075 | 241,044 | 121,969 | 443,464 | 202,075 | 137,399 | 74,040 | -4,565 | 35,869 | 193,135 | -10,037 | 44,269 | 22,506 | 88,285 | 96,121 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 79,400 | 1,672,597 | 1,785,990 | 2,968,344 | 4,310,244 | -766,891 | 898,111 | 822,999 | 573,784 | 943,236 | 894,310 | -90,838 | 180,935 | 131,462 | 127,825 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -323,828 | 406,609 | -136,227 | 181,307 | -132,717 | 93,336 | 41,181 | -72,139 | 50,444 | -207 | 212,788 | -65,414 | 51,599 | 65,681 | 9,057 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -601 | -1,353 | -1,223 | -1,220 | -1,485 | -1,324 | -176 | -373 | -402 | -315 | 0 | 110 | 0 | 0 | 0 |
| cash flow from financing | -324,429 | 405,256 | -137,450 | 180,087 | -130,866 | 96,522 | 49,141 | -68,421 | 53,042 | -4,188 | 212,788 | -65,304 | 51,599 | 65,681 | 614,234 |
| cash and cash equivalents | |||||||||||||||
| cash | -245,029 | 908,527 | -351,459 | 501,546 | 123,938 | -708,938 | 947,252 | -145,422 | -43,174 | 289,048 | 5,324 | -156,142 | 232,534 | 197,143 | 292,059 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -245,029 | 908,527 | -351,459 | 501,546 | 123,938 | -708,938 | 947,252 | -145,422 | -43,174 | 289,048 | 5,324 | -156,142 | 232,534 | 197,143 | 292,059 |
vidett governance services limited Credit Report and Business Information
Vidett Governance Services Limited Competitor Analysis
Perform a competitor analysis for vidett governance services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in RG1 area or any other competitors across 12 key performance metrics.
vidett governance services limited Ownership
VIDETT GOVERNANCE SERVICES LIMITED group structure
Vidett Governance Services Limited has no subsidiary companies.
Ultimate parent company
VIDETT TOPCO LTD
#0150841
2 parents
VIDETT GOVERNANCE SERVICES LIMITED
03021321
vidett governance services limited directors
Vidett Governance Services Limited currently has 5 directors. The longest serving directors include Mr Stuart Southall (Oct 2000) and Mr Wayne Phelan (Feb 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Southall | England | 66 years | Oct 2000 | - | Director |
| Mr Wayne Phelan | England | 53 years | Feb 2006 | - | Director |
| Mr Edwin Bruce-Gardner | 70 years | Oct 2010 | - | Director | |
| Mr James Double | England | 50 years | Jan 2019 | - | Director |
| Mrs Louise Biles | England | 45 years | Feb 2023 | - | Director |
P&L
December 2023turnover
10.6m
+18%
operating profit
2.7m
+5%
gross margin
44.7%
+1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.5m
+0.84%
total assets
8.2m
+0.53%
cash
1.8m
-0.12%
net assets
Total assets minus all liabilities
vidett governance services limited company details
company number
03021321
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
February 1995
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
punter southall governance services limited (July 2023)
ps independent trustees limited (November 2018)
accountant
-
auditor
AZETS AUDIT SERVICES
address
3rd floor forbury works, 37-43 blagrave street, reading, RG1 1PZ
Bank
-
Legal Advisor
-
vidett governance services 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 3 charges/mortgages relating to vidett governance services limited. Currently there are 1 open charges and 2 have been satisfied in the past.
vidett governance services limited Companies House Filings - See Documents
| date | description | view/download |
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