vidett governance services limited

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vidett governance services limited Company Information

Share VIDETT GOVERNANCE SERVICES LIMITED
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Company Number

03021321

Registered 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

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Directors

Stuart Southall24 Years

Wayne Phelan18 Years

View All

Shareholders

psgs group limited 100%

vidett governance services limited Estimated Valuation

£6.6m

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

£13.9m

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

£12.4m

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

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

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

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

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

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

Employees

with 61 employees, this is above the industry average (21)

61 - Vidett Governance Services Limited

21 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Vidett Governance Services Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover10,572,3498,989,6138,289,9937,833,2076,966,1096,408,7513,739,1393,361,9692,927,5402,830,2202,090,1631,710,1271,535,2501,223,038927,140
Other Income Or Grants000000000000000
Cost Of Sales5,853,6765,042,9394,723,9604,422,1873,915,1333,615,1642,052,1431,757,2061,546,6171,499,1831,103,293904,228809,653615,7190
Gross Profit4,718,6733,946,6743,566,0333,411,0203,050,9762,793,5871,686,9961,604,7631,380,9231,331,037986,870805,899725,597607,3190
Admin Expenses1,998,6191,357,9901,120,128795,965789,849353,337388,918449,357433,404421,185242,256340,408401,189370,808-203,310
Operating Profit2,720,0542,588,6842,445,9052,615,0552,261,1272,440,2501,298,0781,155,406947,519909,852744,614465,491324,408236,511203,310
Interest Payable6011,3531,2231,2201,4851,36254337340231500000
Interest Receivable00000383670000110000
Pre-Tax Profit2,719,4532,587,3312,444,6822,613,8352,259,6422,438,9261,297,9021,155,033947,117909,537744,614465,601324,408236,511203,310
Tax-218,759-309,326-258,354-420,549-262,484-319,464-200,027-204,680-181,193-184,464-117,006-98,636-68,479-59,2110
Profit After Tax2,500,6942,278,0052,186,3282,193,2861,997,1582,119,4621,097,875950,353765,924725,073627,608366,965255,929177,300203,310
Dividends Paid01,169,3262,000,0002,600,0004,050,00000900,000670,000650,0001,101,774000450,000
Retained Profit2,500,6941,108,679186,328-406,714-2,052,8422,119,4621,097,87550,35395,92475,073-474,166366,965255,929177,300-246,690
Employee Costs5,255,0295,027,4214,302,9193,938,0013,508,8062,844,8301,669,4281,582,2841,353,9311,249,403873,693773,958705,374600,526488,738
Number Of Employees6154474238332119161412101086
EBITDA*2,746,4962,604,6452,466,6172,633,9252,269,2032,441,0821,298,0781,155,406947,519909,852744,614465,491324,408236,511203,310

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets026,44240,82055,19920,85115,799000000000
Intangible Assets001,5837,91714,25019,000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)0057,80813,4128772,7553,9362,347600000000
Total Fixed Assets026,442100,21176,52835,97837,5543,9362,347600000000
Stock & work in progress000000000000000
Trade Debtors1,808,4301,312,333962,591993,0071,212,5932,174,4701,219,005593,879498,748412,987543,520319,973323,186131,82799,816
Group Debtors3,139,247367,2890002,067,459028,1839,83316,08435,750491,38123,73600
Misc Debtors1,414,5761,570,6401,366,089913,341942,08538,0036,351334,171323,841175,07649,19093,83759,370174,43272,773
Cash1,847,2072,092,2361,183,7091,535,1681,033,622909,6841,618,622671,370816,792859,966570,918565,594721,736489,202292,059
misc current assets000002,938000000000
total current assets8,209,4605,342,4983,512,3893,441,5163,188,3005,192,5542,843,9781,627,6031,649,2141,464,1131,199,3781,470,7851,128,028795,461464,648
total assets8,209,4605,368,9403,612,6003,518,0443,224,2785,230,1082,847,9141,629,9501,649,8141,464,1131,199,3781,470,7851,128,028795,461464,648
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 97,5878077,5141,80527,48703,268872408803,063530983
Group/Directors Accounts381,470705,298298,689434,916253,609386,326292,990251,809323,948273,504273,71160,923126,33774,7389,057
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities1,972,2521,306,5341,174,0811,202,549879,097677,022539,623465,583470,148434,279241,144251,181206,912184,40696,121
total current liabilities2,451,3092,011,8401,472,7701,714,9791,134,5111,090,835832,613720,660794,968708,191514,863312,104336,312259,674106,161
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income279,397379,040270,449120,01200000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities279,397379,040270,449120,01200000000000
total liabilities2,730,7062,390,8801,743,2191,834,9911,134,5111,090,835832,613720,660794,968708,191514,863312,104336,312259,674106,161
net assets5,478,7542,978,0601,869,3811,683,0532,089,7674,139,2732,015,301909,290854,846755,922684,5151,158,681791,716535,787358,487
total shareholders funds5,478,7542,978,0601,869,3811,683,0532,089,7674,139,2732,015,301909,290854,846755,922684,5151,158,681791,716535,787358,487
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,720,0542,588,6842,445,9052,615,0552,261,1272,440,2501,298,0781,155,406947,519909,852744,614465,491324,408236,511203,310
Depreciation26,44214,37814,37812,5373,326832000000000
Amortisation01,5836,3346,3334,7500000000000
Tax-218,759-309,326-258,354-420,549-262,484-319,464-200,027-204,680-181,193-184,464-117,006-98,636-68,479-59,2110
Stock000000000000000
Debtors3,111,991863,774466,728-235,795-2,127,1323,053,395270,712125,558228,875-24,313-276,731498,899100,033133,670172,589
Creditors97,5798-77,51475,709-25,68227,487-3,2682,3964644008-3,0632,533-453983
Accruals and Deferred Income566,075241,044121,969443,464202,075137,39974,040-4,56535,869193,135-10,03744,26922,50688,28596,121
Deferred Taxes & Provisions000000000000000
Cash flow from operations79,4001,672,5971,785,9902,968,3444,310,244-766,891898,111822,999573,784943,236894,310-90,838180,935131,462127,825
Investing Activities
capital expenditure001-46,885-8,378-35,631000000000
Change in Investments000000000000000
cash flow from investments001-46,885-8,378-35,631000000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-323,828406,609-136,227181,307-132,71793,33641,181-72,13950,444-207212,788-65,41451,59965,6819,057
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00003,3364,5108,1364,0913,000-3,6660000605,177
interest-601-1,353-1,223-1,220-1,485-1,324-176-373-402-3150110000
cash flow from financing-324,429405,256-137,450180,087-130,86696,52249,141-68,42153,042-4,188212,788-65,30451,59965,681614,234
cash and cash equivalents
cash-245,029908,527-351,459501,546123,938-708,938947,252-145,422-43,174289,0485,324-156,142232,534197,143292,059
overdraft000000000000000
change in cash-245,029908,527-351,459501,546123,938-708,938947,252-145,422-43,174289,0485,324-156,142232,534197,143292,059

vidett governance services 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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Vidett Governance Services Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

psgs group limited 100%

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).

officercountryagestartendrole
Mr Stuart SouthallEngland66 years Oct 2000- Director
Mr Wayne PhelanEngland53 years Feb 2006- Director
Mr Edwin Bruce-Gardner70 years Oct 2010- Director
Mr James DoubleEngland50 years Jan 2019- Director
Mrs Louise BilesEngland45 years Feb 2023- Director

P&L

December 2023

turnover

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 2023

net 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

VIDETT TOPCO LTD

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.

charges

vidett governance services limited Companies House Filings - See Documents

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