servicepower business solutions limited
servicepower business solutions limited Company Information
Company Number
03263208
Website
www.servicepower.comRegistered Address
suites 35-38, 10th floor, regent, heaton lane, stockport, cheshire, SK4 1BS
Industry
Other information technology and computer service activities
Telephone
01614762277
Next Accounts Due
September 2025
Group Structure
View All
servicepower business solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SERVICEPOWER BUSINESS SOLUTIONS LIMITED at £4.2m based on a Turnover of £5.4m and 0.78x industry multiple (adjusted for size and gross margin).
servicepower business solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SERVICEPOWER BUSINESS SOLUTIONS LIMITED at £0 based on an EBITDA of £-728.4k and a 5.42x industry multiple (adjusted for size and gross margin).
servicepower business solutions limited Estimated Valuation
Pomanda estimates the enterprise value of SERVICEPOWER BUSINESS SOLUTIONS LIMITED at £0 based on Net Assets of £-6.3m and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Servicepower Business Solutions Limited Overview
Servicepower Business Solutions Limited is a live company located in stockport, SK4 1BS with a Companies House number of 03263208. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 1996, it's largest shareholder is service power technologies plc with a 100% stake. Servicepower Business Solutions Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with healthy growth in recent years.
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Servicepower Business Solutions Limited Health Check
Pomanda's financial health check has awarded Servicepower Business Solutions Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £5.4m, make it smaller than the average company (£7.3m)
- Servicepower Business Solutions Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.5%)
- Servicepower Business Solutions Limited
7.5% - Industry AVG
Production
with a gross margin of 50.2%, this company has a comparable cost of product (50.2%)
- Servicepower Business Solutions Limited
50.2% - Industry AVG
Profitability
an operating margin of -14.2% make it less profitable than the average company (3.3%)
- Servicepower Business Solutions Limited
3.3% - Industry AVG
Employees
with 52 employees, this is similar to the industry average (47)
52 - Servicepower Business Solutions Limited
47 - Industry AVG
Pay Structure
on an average salary of £71.4k, the company has an equivalent pay structure (£71.4k)
- Servicepower Business Solutions Limited
£71.4k - Industry AVG
Efficiency
resulting in sales per employee of £103.7k, this is less efficient (£171.6k)
- Servicepower Business Solutions Limited
£171.6k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (54 days)
- Servicepower Business Solutions Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (34 days)
- Servicepower Business Solutions Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Servicepower Business Solutions Limited
- - 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 - Servicepower Business Solutions Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 333.5%, this is a higher level of debt than the average (64.1%)
333.5% - Servicepower Business Solutions Limited
64.1% - Industry AVG
SERVICEPOWER BUSINESS SOLUTIONS LIMITED financials
Servicepower Business Solutions Limited's latest turnover from December 2023 is estimated at £5.4 million and the company has net assets of -£6.3 million. According to their latest financial statements, Servicepower Business Solutions Limited has 52 employees and maintains cash reserves of £276 thousand 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 | 4,300,000 | 4,641,000 | 4,818,000 | 6,053,000 | 9,955,000 | 8,463,000 | 9,001,000 | 13,473,000 | 12,293,000 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 2,391,000 | 2,639,000 | 2,736,000 | 2,649,000 | 5,439,000 | 4,941,000 | 4,392,000 | 9,524,000 | 7,487,000 | ||||||
| Gross Profit | 1,909,000 | 2,002,000 | 2,082,000 | 3,404,000 | 4,516,000 | 3,522,000 | 4,609,000 | 3,949,000 | 4,806,000 | ||||||
| Admin Expenses | -12,057,000 | 2,996,000 | 3,043,000 | 3,653,000 | 3,240,000 | 4,838,000 | 4,900,000 | 3,246,000 | 6,388,000 | ||||||
| Operating Profit | 13,966,000 | -994,000 | -961,000 | -249,000 | 1,276,000 | -1,316,000 | -291,000 | 703,000 | -1,582,000 | ||||||
| Interest Payable | 6,000 | 30,000 | 11,000 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 0 | ||||||
| Pre-Tax Profit | 13,960,000 | -1,024,000 | -972,000 | -249,000 | 1,276,000 | -1,316,000 | -291,000 | 706,000 | -1,582,000 | ||||||
| Tax | 109,000 | 26,000 | 95,000 | 97,000 | 155,000 | 0 | 0 | 0 | -165,000 | ||||||
| Profit After Tax | 14,069,000 | -998,000 | -877,000 | -152,000 | 1,431,000 | -1,316,000 | -291,000 | 706,000 | -1,747,000 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 14,069,000 | -998,000 | -877,000 | -152,000 | 1,431,000 | -1,316,000 | -291,000 | 706,000 | -1,747,000 | ||||||
| Employee Costs | 2,025,000 | 1,878,000 | 1,821,000 | 1,780,000 | 1,897,000 | 2,029,000 | 2,492,000 | 1,757,000 | 3,407,000 | ||||||
| Number Of Employees | 52 | 50 | 43 | 40 | 41 | 37 | 38 | 42 | 41 | 37 | 35 | 30 | 25 | 27 | 37 |
| EBITDA* | 13,989,000 | -929,000 | -736,000 | -66,000 | 1,366,000 | -1,282,000 | -239,000 | 769,000 | -1,534,000 |
* 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 | 37,000 | 58,000 | 65,000 | 52,000 | 52,000 | 65,000 | 25,000 | 28,000 | 85,000 | 136,000 | 50,000 | 21,000 | 29,000 | 59,000 | 79,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 787,000 | 657,000 | 462,000 | 212,000 | 0 | 12,000 | 24,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,774,000 | 6,774,000 | 6,774,000 | 6,774,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 37,000 | 58,000 | 65,000 | 52,000 | 52,000 | 65,000 | 25,000 | 6,802,000 | 7,646,000 | 7,567,000 | 7,286,000 | 233,000 | 29,000 | 71,000 | 103,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 4,000 | 4,000 |
| Trade Debtors | 634,000 | 1,096,000 | 663,000 | 452,000 | 666,000 | 449,000 | 503,000 | 855,000 | 772,000 | 918,000 | 1,470,000 | 1,992,000 | 1,149,000 | 2,315,000 | 2,017,000 |
| Group Debtors | 1,592,000 | 1,133,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,201,000 | 3,930,000 | 5,429,000 | 5,540,000 |
| Misc Debtors | 142,000 | 113,000 | 116,000 | 145,000 | 102,000 | 86,000 | 221,000 | 190,000 | 439,000 | 529,000 | 427,000 | 768,000 | 1,368,000 | 561,000 | 1,198,000 |
| Cash | 276,000 | 979,000 | 511,000 | 99,000 | 133,000 | 321,000 | 249,000 | 165,000 | 533,000 | 1,382,000 | 2,289,000 | 4,358,000 | 5,145,000 | 3,385,000 | 3,253,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,644,000 | 3,321,000 | 1,290,000 | 696,000 | 901,000 | 856,000 | 973,000 | 1,210,000 | 1,744,000 | 2,829,000 | 4,186,000 | 10,319,000 | 11,596,000 | 11,694,000 | 12,012,000 |
| total assets | 2,681,000 | 3,379,000 | 1,355,000 | 748,000 | 953,000 | 921,000 | 998,000 | 8,012,000 | 9,390,000 | 10,396,000 | 11,472,000 | 10,552,000 | 11,625,000 | 11,765,000 | 12,115,000 |
| 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 | 319,000 | 560,000 | 365,000 | 321,000 | 366,000 | 356,000 | 320,000 | 230,000 | 396,000 | 414,000 | 393,000 | 799,000 | 659,000 | 977,000 | 1,771,000 |
| Group/Directors Accounts | 6,892,000 | 6,139,000 | 4,199,000 | 3,210,000 | 2,587,000 | 1,907,000 | 1,615,000 | 22,492,000 | 21,779,000 | 21,730,000 | 21,920,000 | 21,673,000 | 21,804,000 | 21,939,000 | 22,004,000 |
| 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 | 2,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,729,000 | 2,206,000 | 1,492,000 | 1,240,000 | 1,105,000 | 900,000 | 608,000 | 956,000 | 1,125,000 | 1,314,000 | 2,135,000 | 3,044,000 | 2,947,000 | 2,458,000 | 2,731,000 |
| total current liabilities | 8,940,000 | 8,905,000 | 6,056,000 | 4,771,000 | 4,060,000 | 3,178,000 | 2,543,000 | 23,678,000 | 23,300,000 | 23,458,000 | 24,448,000 | 25,516,000 | 25,410,000 | 25,374,000 | 26,506,000 |
| 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 | 0 | 0 | 0 | 0 | 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 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,940,000 | 8,905,000 | 6,056,000 | 4,801,000 | 4,060,000 | 3,178,000 | 2,543,000 | 23,678,000 | 23,300,000 | 23,458,000 | 24,448,000 | 25,516,000 | 25,410,000 | 25,374,000 | 26,506,000 |
| net assets | -6,259,000 | -5,526,000 | -4,701,000 | -4,053,000 | -3,107,000 | -2,257,000 | -1,545,000 | -15,666,000 | -13,910,000 | -13,062,000 | -12,976,000 | -14,964,000 | -13,785,000 | -13,609,000 | -14,391,000 |
| total shareholders funds | -6,259,000 | -5,526,000 | -4,701,000 | -4,053,000 | -3,107,000 | -2,257,000 | -1,545,000 | -15,666,000 | -13,910,000 | -13,062,000 | -12,976,000 | -14,964,000 | -13,785,000 | -13,609,000 | -14,391,000 |
| 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 | 13,966,000 | -994,000 | -961,000 | -249,000 | 1,276,000 | -1,316,000 | -291,000 | 703,000 | -1,582,000 | ||||||
| Depreciation | 36,000 | 31,000 | 26,000 | 22,000 | 24,000 | 18,000 | 23,000 | 65,000 | 68,000 | 60,000 | 17,000 | 28,000 | 40,000 | 55,000 | 36,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157,000 | 123,000 | 73,000 | 6,000 | 12,000 | 11,000 | 12,000 |
| Tax | 109,000 | 26,000 | 95,000 | 97,000 | 155,000 | 0 | 0 | 0 | -165,000 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,000 | 0 | 0 | 4,000 |
| Debtors | 26,000 | 1,563,000 | 182,000 | -171,000 | 233,000 | -189,000 | -321,000 | -166,000 | -236,000 | -450,000 | -4,064,000 | -486,000 | -1,858,000 | -450,000 | 8,755,000 |
| Creditors | -241,000 | 195,000 | 44,000 | -45,000 | 10,000 | 36,000 | 90,000 | -166,000 | -18,000 | 21,000 | -406,000 | 140,000 | -318,000 | -794,000 | 1,771,000 |
| Accruals and Deferred Income | -477,000 | 714,000 | 252,000 | 135,000 | 205,000 | 292,000 | -348,000 | -169,000 | -189,000 | -821,000 | -909,000 | 97,000 | 489,000 | -273,000 | 2,731,000 |
| Deferred Taxes & Provisions | 0 | 0 | -30,000 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 14,161,000 | -1,072,000 | -612,000 | -319,000 | 4,270,000 | -555,000 | 1,790,000 | 152,000 | -5,956,000 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -6,774,000 | 0 | 0 | 0 | 6,774,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 753,000 | 1,940,000 | 989,000 | 623,000 | 680,000 | 292,000 | -20,877,000 | 713,000 | 49,000 | -190,000 | 247,000 | -131,000 | -135,000 | -65,000 | 22,004,000 |
| 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 | -2,000 | -13,000 | 15,000 | 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 | -6,000 | -30,000 | -11,000 | 0 | 0 | 0 | 0 | 0 | |||||||
| cash flow from financing | -20,831,000 | -75,000 | 67,000 | -124,000 | 804,000 | 6,000 | -20,000 | 9,360,000 | |||||||
| cash and cash equivalents | |||||||||||||||
| cash | -703,000 | 468,000 | 412,000 | -34,000 | -188,000 | 72,000 | 84,000 | -368,000 | -849,000 | -907,000 | -2,069,000 | -787,000 | 1,760,000 | 132,000 | 3,253,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -703,000 | 468,000 | 412,000 | -34,000 | -188,000 | 72,000 | 84,000 | -368,000 | -849,000 | -907,000 | -2,069,000 | -787,000 | 1,760,000 | 132,000 | 3,253,000 |
servicepower business solutions limited Credit Report and Business Information
Servicepower Business Solutions Limited Competitor Analysis
Perform a competitor analysis for servicepower business solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in SK4 area or any other competitors across 12 key performance metrics.
servicepower business solutions limited Ownership
SERVICEPOWER BUSINESS SOLUTIONS LIMITED group structure
Servicepower Business Solutions Limited has no subsidiary companies.
Ultimate parent company
DIVERSIS CAPITAL LP
#0113931
2 parents
SERVICEPOWER BUSINESS SOLUTIONS LIMITED
03263208
servicepower business solutions limited directors
Servicepower Business Solutions Limited currently has 2 directors. The longest serving directors include Mr Kevin Ma (Apr 2018) and Mr Ron Nayot (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Ma | England | 39 years | Apr 2018 | - | Director |
| Mr Ron Nayot | United States | 45 years | Apr 2018 | - | Director |
P&L
December 2023turnover
5.4m
-20%
operating profit
-764.4k
0%
gross margin
50.3%
-3.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-6.3m
+0.13%
total assets
2.7m
-0.21%
cash
276k
-0.72%
net assets
Total assets minus all liabilities
Similar Companies
servicepower business solutions limited company details
company number
03263208
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
October 1996
age
28
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
multigrin limited (October 1996)
accountant
RSM UK AUDIT LLP
auditor
-
address
suites 35-38, 10th floor, regent, heaton lane, stockport, cheshire, SK4 1BS
Bank
HSBC BANK PLC
Legal Advisor
-
servicepower business solutions 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 5 charges/mortgages relating to servicepower business solutions limited. Currently there are 1 open charges and 4 have been satisfied in the past.
servicepower business solutions limited Companies House Filings - See Documents
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