Sureserve Compliance Water Limited

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sureserve compliance water limited Company Information

Company Number

03599380

Next Accounts

Jun 2025

Directors

Steven Lorriman

Graham Levinsohn

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Shareholders

sureserve compliance services limited

Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Registered Address

norfolk house, 13 southampton place, london, WC1A 2AJ

Website

www.h2onationwide.co.uk

sureserve compliance water limited Estimated Valuation

£12.5m

Pomanda estimates the enterprise value of SURESERVE COMPLIANCE WATER LIMITED at £12.5m based on an EBITDA of £2.2m and a 5.54x industry multiple (adjusted for size and gross margin).

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Sureserve Compliance Water Limited is a live company located in london, WC1A 2AJ with a Companies House number of 03599380. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 1998, it's largest shareholder is sureserve compliance services limited with a 100% stake. Sureserve Compliance Water Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Sureserve Compliance Water Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

1 Regular

2 Weak

Size

annual sales of £9.7m, make it larger than the average company (£7.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.8%)

EXPORT

Sureserve Compliance Water Limited's latest turnover from September 2023 is £9.7 million and the company has net assets of £2.3 million. According to their latest financial statements, Sureserve Compliance Water Limited has 87 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	9,684,059	8,301,370	7,588,382	7,031,419	6,912,681	5,074,091	4,490,161	3,537,106	4,514,067	3,394,331	3,626,769	2,358,648	2,510,251	2,784,156
Other Income Or Grants
Cost Of Sales	6,254,486	5,287,040	4,560,245	4,157,692	3,863,556	2,737,914	2,173,050	2,025,362	2,400,711	1,766,472	2,678,476	1,716,204	1,804,144	1,950,484
Gross Profit	3,429,573	3,014,330	3,028,137	2,873,727	3,049,125	2,336,177	2,317,111	1,511,744	2,113,356	1,627,859	948,294	642,444	706,107	833,672
Admin Expenses	1,395,908	1,220,919	1,234,289	1,064,542	1,214,387	1,233,892	1,031,693	992,511	970,999	532,093	245,324	-31,105	214,433	950,667	-220,040
Operating Profit	2,033,665	1,793,411	1,793,848	1,809,185	1,834,738	1,102,285	1,285,418	519,233	1,142,357	1,095,766	702,970	673,549	491,674	-116,995	220,040
Interest Payable	20,151	18,840	14,958	13,844
Interest Receivable								30,697	61,402	1,120	5,078	2,837	1,051	653	239
Pre-Tax Profit	2,013,514	1,774,571	1,778,890	1,795,341	1,834,738	1,115,064	1,297,105	549,930	1,203,759	1,096,886	708,048	676,386	492,726	-116,342	220,279
Tax	-443,923	-341,466	-333,204	-343,377	-348,771	-212,731	-253,986	-107,558	-247,017	-244,269	-162,851	-162,333	-128,109		-61,678
Profit After Tax	1,569,591	1,433,105	1,445,686	1,451,964	1,485,967	902,333	1,043,119	442,372	956,742	852,617	545,197	514,053	364,617	-116,342	158,601
Dividends Paid	1,500,000	1,500,000	1,500,000	1,500,000	1,500,000		1,000,000	2,250,000
Retained Profit	69,591	-66,895	-54,314	-48,036	-14,033	902,333	43,119	-1,807,628	956,742	852,617	545,197	514,053	364,617	-116,342	158,601
Employee Costs	3,581,248	3,093,843	2,863,614	2,634,575	2,440,280	2,022,324	1,863,008	1,618,695	1,517,351	970,937	886,044	585,778	681,445	768,763
Number Of Employees	87	80	80	74	69	58	56	60	64	44	24	16	19	22
EBITDA*	2,248,555	2,047,636	1,991,132	2,027,927	1,837,530	1,105,402	1,298,897	530,336	1,153,348	1,099,857	725,990	698,602	517,010	-113,891	224,656

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	16,370	18,664	425,879	274,051	10,674	1,032	4,149	17,628	24,773	8,168	11,766	32,969	49,539	49,005	50,064
Intangible Assets	165,849	342,034
Investments & Other
Debtors (Due After 1 year)									1,986,416
Total Fixed Assets	182,219	360,698	425,879	274,051	10,674	1,032	4,149	17,628	2,011,189	8,168	11,766	32,969	49,539	49,005	50,064
Stock & work in progress	49,240	52,591	48,029	41,157	43,928	46,936	46,936	34,323	20,511	7,500	7,500	6,200	48,177	40,398	34,940
Trade Debtors	1,047,965	777,603	826,455	811,786	1,096,441	711,896	710,076	670,381	1,066,328	612,676	802,222	432,982	467,505	388,180	247,163
Group Debtors			1,500,000	1,500,000	1,000,000	314,995	302,415	558,513	60,039
Misc Debtors	216,660	364,841	322,246	316,985	180,295	98,001	143,323	97,459	100,201	55,166
Cash	2,548,831	2,419,216	967,509	1,225,548	1,296,839	2,065,847	1,055,947	850,896	789,853	2,280,037	1,151,402	879,655	255,056	165,490	95,545
misc current assets
total current assets	3,862,696	3,614,251	3,664,239	3,895,476	3,617,503	3,237,675	2,258,697	2,211,572	2,036,932	2,955,379	1,961,124	1,318,837	770,738	594,068	377,648
total assets	4,044,915	3,974,949	4,090,118	4,169,527	3,628,177	3,238,707	2,262,846	2,229,200	4,048,121	2,963,547	1,972,890	1,351,806	820,277	643,073	427,712
Bank overdraft
Bank loan
Trade Creditors	390,263	374,826	346,321	398,205	301,902	154,888	122,399	126,129	314,263	169,894	506,664	430,777	413,301	592,120	254,983
Group/Directors Accounts	14,925	116,585	139,013	107,243	127,960	2,798	97,176	147,848
other short term finances
hp & lease commitments	125,805	224,677	200,837	133,395
other current liabilities	1,160,680	891,763	891,186	1,049,767	798,939	667,612	532,195	487,266	458,273	474,125
total current liabilities	1,691,673	1,607,851	1,577,357	1,688,610	1,228,801	825,298	751,770	761,243	772,536	644,019	506,664	430,777	413,301	592,120	254,983
loans
hp & lease commitments	53,520	136,967	215,735	129,577
Accruals and Deferred Income
other liabilities														8,594	14,028
provisions										685
total long term liabilities	53,520	136,967	215,735	129,577						685				8,594	14,028
total liabilities	1,745,193	1,744,818	1,793,092	1,818,187	1,228,801	825,298	751,770	761,243	772,536	644,704	506,664	430,777	413,301	600,714	269,011
net assets	2,299,722	2,230,131	2,297,026	2,351,340	2,399,376	2,413,409	1,511,076	1,467,957	3,275,585	2,318,843	1,466,226	921,029	406,976	42,359	158,701
total shareholders funds	2,299,722	2,230,131	2,297,026	2,351,340	2,399,376	2,413,409	1,511,076	1,467,957	3,275,585	2,318,843	1,466,226	921,029	406,976	42,359	158,701

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	2,033,665	1,793,411	1,793,848	1,809,185	1,834,738	1,102,285	1,285,418	519,233	1,142,357	1,095,766	702,970	673,549	491,674	-116,995	220,040
Depreciation	2,294	5,571	197,284	218,742	2,792	3,117	13,479	11,103	10,991	4,091	23,020	25,053	25,336	3,104	4,616
Amortisation	212,596	248,654
Tax	-443,923	-341,466	-333,204	-343,377	-348,771	-212,731	-253,986	-107,558	-247,017	-244,269	-162,851	-162,333	-128,109		-61,678
Stock	-3,351	4,562	6,872	-2,771	-3,008		12,613	13,812	13,011		1,300	-41,977	7,779	5,458	34,940
Debtors	122,181	-1,506,257	19,930	352,035	1,151,844	-30,922	-170,539	-1,886,631	2,545,142	-134,380	369,240	-34,523	79,325	141,017	247,163
Creditors	15,437	28,505	-51,884	96,303	147,014	32,489	-3,730	-188,134	144,369	-336,770	75,887	17,476	-178,819	337,137	254,983
Accruals and Deferred Income	268,917	577	-158,581	250,828	131,327	135,417	44,929	28,993	-15,852	474,125
Deferred Taxes & Provisions									-685	685
Cash flow from operations	1,970,156	3,236,947	1,420,661	1,682,417	618,264	1,091,499	1,244,036	2,136,456	-1,523,990	1,128,008	268,486	630,245	122,978	76,771	135,858
Investing Activities
capital expenditure	-36,411	-189,044	-349,112	-482,119	-12,434			-3,958	-27,596	-493	-1,817	-8,483	-25,870	-2,045	-54,680
Change in Investments
cash flow from investments	-36,411	-189,044	-349,112	-482,119	-12,434			-3,958	-27,596	-493	-1,817	-8,483	-25,870	-2,045	-54,680
Financing Activities
Bank loans
Group/Directors Accounts	-101,660	-22,428	31,770	-20,717	125,162	-94,378	-50,672	147,848
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	-182,319	-54,928	153,600	262,972
other long term liabilities													-8,594	-5,434	14,028
share issue															100
interest	-20,151	-18,840	-14,958	-13,844				30,697	61,402	1,120	5,078	2,837	1,051	653	239
cash flow from financing	-304,130	-96,196	170,412	228,411	125,162	-94,378	-50,672	178,545	61,402	1,120	5,078	2,837	-7,543	-4,781	14,367
cash and cash equivalents
cash	129,615	1,451,707	-258,039	-71,291	-769,008	1,009,900	205,051	61,043	-1,490,184	1,128,635	271,747	624,599	89,566	69,945	95,545
overdraft
change in cash	129,615	1,451,707	-258,039	-71,291	-769,008	1,009,900	205,051	61,043	-1,490,184	1,128,635	271,747	624,599	89,566	69,945	95,545

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SURESERVE COMPLIANCE WATER LIMITED group structure

Sureserve Compliance Water Limited has no subsidiary companies.

Ultimate parent company

VOLT TOPCO (CP) LIMITED

14764589

SURESERVE COMPLIANCE HOLDINGS LIMITED

09790918

2 parents

SURESERVE COMPLIANCE WATER LIMITED

03599380

SURESERVE COMPLIANCE WATER LIMITED Shareholders

sureserve compliance services limited

100%

Sureserve Compliance Water Limited currently has 4 directors. The longest serving directors include Mr Steven Lorriman (Jul 1998) and Mr Graham Levinsohn (Oct 2023).

officer	country	age	start	end	role
Mr Steven Lorriman		51 years	Jul 1998	-	Director
Mr Graham Levinsohn		62 years	Oct 2023	-	Director
Mr Spencer Sheridan	England	51 years	May 2024	-	Director
Mr Paul Edwards	England	61 years	May 2024	-	Director

P&L

September 2023

turnover

9.7m

+17%

operating profit

+13%

gross margin

35.5%

-2.47%

turnover

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

Balance Sheet

September 2023

net assets

2.3m

+0.03%

total assets

+0.02%

cash

2.5m

+0.05%

net assets

Total assets minus all liabilities

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company number

03599380

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

July 1998

ultimate parent company

VOLT TOPCO (CP) LIMITED

previous names

h2o nationwide limited (February 2025)

h20 nationwide limited (April 2016)

address

norfolk house, 13 southampton place, london, WC1A 2AJ

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 7 charges/mortgages relating to sureserve compliance water limited. Currently there are 1 open charges and 6 have been satisfied in the past.

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sureserve compliance water limited Company Information

sureserve compliance water limited Estimated Valuation

sureserve compliance water limited Estimated Valuation

sureserve compliance water limited Estimated Valuation

Sureserve Compliance Water Limited Overview

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SURESERVE COMPLIANCE WATER LIMITED financials

sureserve compliance water limited Credit Report and Business Information

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sureserve compliance water limited Ownership

sureserve compliance water limited directors

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