versetis limited
versetis limited Company Information
Company Number
04419202
Next Accounts
Apr 2025
Directors
Shareholders
nigel evan fisher england
Group Structure
View All
Industry
Recovery of sorted materials
Registered Address
pentre farm house mamhilad, pontypool, gwent, NP4 0JH
Website
www.siteservices.co.ukversetis limited Estimated Valuation
Pomanda estimates the enterprise value of VERSETIS LIMITED at £14.1m based on a Turnover of £17.7m and 0.8x industry multiple (adjusted for size and gross margin).
versetis limited Estimated Valuation
Pomanda estimates the enterprise value of VERSETIS LIMITED at £6m based on an EBITDA of £1.2m and a 5.06x industry multiple (adjusted for size and gross margin).
versetis limited Estimated Valuation
Pomanda estimates the enterprise value of VERSETIS LIMITED at £0 based on Net Assets of £-890.4k and 2.46x industry multiple (adjusted for liquidity).
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Versetis Limited Overview
Versetis Limited is a dissolved company that was located in gwent, NP4 0JH with a Companies House number of 04419202. It operated in the recovery of sorted materials sector, SIC Code 38320. Founded in April 2002, it's largest shareholder was nigel evan fisher england with a 100% stake. The last turnover for Versetis Limited was estimated at £17.7m.
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Versetis Limited Health Check
Pomanda's financial health check has awarded Versetis Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £17.7m, make it larger than the average company (£7.8m)
£17.7m - Versetis Limited
£7.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Versetis Limited
- - Industry AVG
Production
with a gross margin of 21%, this company has a comparable cost of product (21%)
21% - Versetis Limited
21% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (6%)
2.1% - Versetis Limited
6% - Industry AVG
Employees
with 76 employees, this is above the industry average (39)
76 - Versetis Limited
39 - Industry AVG
Pay Structure
on an average salary of £53.7k, the company has a higher pay structure (£29.4k)
£53.7k - Versetis Limited
£29.4k - Industry AVG
Efficiency
resulting in sales per employee of £233.5k, this is equally as efficient (£250.3k)
£233.5k - Versetis Limited
£250.3k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (40 days)
25 days - Versetis Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (40 days)
38 days - Versetis Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (14 days)
0 days - Versetis Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Versetis Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.1%, this is a higher level of debt than the average (62.2%)
124.1% - Versetis Limited
62.2% - Industry AVG
VERSETIS LIMITED financials
Versetis Limited's latest turnover from January 2012 is £17.7 million and the company has net assets of -£890.4 thousand. According to their latest financial statements, Versetis Limited has 76 employees and maintains cash reserves of £956 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2012 | Jul 2010 | Jul 2009 | |
|---|---|---|---|
| Turnover | 17,745,451 | 8,708,454 | 8,274,442 |
| Other Income Or Grants | |||
| Cost Of Sales | 7,555,895 | ||
| Gross Profit | 718,547 | ||
| Admin Expenses | 707,537 | ||
| Operating Profit | 365,262 | 47,754 | 11,010 |
| Interest Payable | 223,606 | 86,384 | 110,116 |
| Interest Receivable | |||
| Pre-Tax Profit | -92,026 | -38,630 | -99,106 |
| Tax | -240,278 | -66,384 | -11,078 |
| Profit After Tax | -332,304 | -105,014 | -110,184 |
| Dividends Paid | |||
| Retained Profit | -332,304 | -105,014 | -110,184 |
| Employee Costs | 4,084,129 | 2,041,447 | 2,114,585 |
| Number Of Employees | 76 | 39 | 39 |
| EBITDA* | 1,175,908 | 65,928 | 30,216 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2012 | Jul 2010 | Jul 2009 | |
|---|---|---|---|
| Tangible Assets | 417,440 | 710,398 | 61,436 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 417,440 | 710,398 | 61,436 |
| Stock & work in progress | 18,535 | 17,470 | 14,603 |
| Trade Debtors | 1,262,618 | 1,501,924 | 1,530,262 |
| Group Debtors | 1,430,476 | 850,592 | 925,713 |
| Misc Debtors | 565,896 | 658,091 | 269,497 |
| Cash | 956 | 1,685 | 2,773 |
| misc current assets | |||
| total current assets | 3,278,481 | 3,029,762 | 2,742,848 |
| total assets | 3,695,921 | 3,740,160 | 2,804,284 |
| Bank overdraft | 913,583 | 1,743,742 | 1,454,494 |
| Bank loan | |||
| Trade Creditors | 1,490,045 | 1,319,307 | 528,657 |
| Group/Directors Accounts | 786,837 | 435,471 | 651,045 |
| other short term finances | |||
| hp & lease commitments | 54,019 | ||
| other current liabilities | 1,161,485 | 799,782 | 623,217 |
| total current liabilities | 4,405,969 | 4,298,302 | 3,257,413 |
| loans | |||
| hp & lease commitments | 178,698 | ||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 1,700 | ||
| total long term liabilities | 180,398 | ||
| total liabilities | 4,586,367 | 4,298,302 | 3,257,413 |
| net assets | -890,446 | -558,142 | -453,129 |
| total shareholders funds | -890,446 | -558,142 | -453,129 |
| Jan 2012 | Jul 2010 | Jul 2009 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 365,262 | 47,754 | 11,010 |
| Depreciation | 810,646 | 18,174 | 19,206 |
| Amortisation | |||
| Tax | -240,278 | -66,384 | -11,078 |
| Stock | 18,535 | 2,867 | 14,603 |
| Debtors | 3,258,990 | 285,135 | 2,725,472 |
| Creditors | 1,490,045 | 790,650 | 528,657 |
| Accruals and Deferred Income | 1,161,485 | 176,565 | 623,217 |
| Deferred Taxes & Provisions | 1,700 | ||
| Cash flow from operations | 311,335 | 678,757 | -1,569,063 |
| Investing Activities | |||
| capital expenditure | -517,688 | -667,136 | -471 |
| Change in Investments | |||
| cash flow from investments | -517,688 | -667,136 | -471 |
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 786,837 | -215,574 | 651,045 |
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | 232,717 | ||
| other long term liabilities | |||
| share issue | |||
| interest | -223,606 | -86,384 | -110,116 |
| cash flow from financing | 237,806 | -301,957 | 197,984 |
| cash and cash equivalents | |||
| cash | 956 | -1,088 | 2,773 |
| overdraft | 913,583 | 289,248 | 1,454,494 |
| change in cash | -912,627 | -290,336 | -1,451,721 |
versetis limited Credit Report and Business Information
Versetis Limited Competitor Analysis
Perform a competitor analysis for versetis limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other undefined companies, companies in NP4 area or any other competitors across 12 key performance metrics.
versetis limited Ownership
VERSETIS LIMITED group structure
Versetis Limited has no subsidiary companies.
Ultimate parent company
VERSETIS LIMITED
04419202
versetis limited directors
Versetis Limited currently has 1 director, Mr Nigel England serving since Nov 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel England | Wales | 62 years | Nov 2007 | - | Director |
P&L
January 2012turnover
17.7m
0%
operating profit
365.3k
0%
gross margin
21.1%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2012net assets
-890.4k
0%
total assets
3.7m
0%
cash
956
0%
net assets
Total assets minus all liabilities
versetis limited company details
company number
04419202
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
April 2002
age
23
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
January 2012
previous names
site-serv limited (March 2021)
accountant
-
auditor
-
address
pentre farm house mamhilad, pontypool, gwent, NP4 0JH
Bank
-
Legal Advisor
-
versetis 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 versetis limited.
versetis 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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versetis limited Companies House Filings - See Documents
| date | description | view/download |
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