assert services limited
assert services limited Company Information
Company Number
05048092
Website
assertservices.co.ukRegistered Address
77 ringwood road, longham, ferndown, BH22 9AA
Industry
Non-life insurance
Telephone
01522846140
Next Accounts Due
March 2025
Group Structure
View All
Directors
John Watson7 Years
Shareholders
aas group limited 100%
assert services limited Estimated Valuation
Pomanda estimates the enterprise value of ASSERT SERVICES LIMITED at £25.5k based on a Turnover of £62.4k and 0.41x industry multiple (adjusted for size and gross margin).
assert services limited Estimated Valuation
Pomanda estimates the enterprise value of ASSERT SERVICES LIMITED at £130k based on an EBITDA of £21k and a 6.2x industry multiple (adjusted for size and gross margin).
assert services limited Estimated Valuation
Pomanda estimates the enterprise value of ASSERT SERVICES LIMITED at £243k based on Net Assets of £167.7k and 1.45x industry multiple (adjusted for liquidity).
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Assert Services Limited Overview
Assert Services Limited is a live company located in ferndown, BH22 9AA with a Companies House number of 05048092. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 2004, it's largest shareholder is aas group limited with a 100% stake. Assert Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £62.4k with declining growth in recent years.
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Assert Services Limited Health Check
Pomanda's financial health check has awarded Assert Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £62.4k, make it smaller than the average company (£2m)
£62.4k - Assert Services Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (7.3%)
-24% - Assert Services Limited
7.3% - Industry AVG
Production
with a gross margin of 39.6%, this company has a higher cost of product (99.4%)
39.6% - Assert Services Limited
99.4% - Industry AVG
Profitability
an operating margin of 33.6% make it more profitable than the average company (18.9%)
33.6% - Assert Services Limited
18.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (29)
- Assert Services Limited
29 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Assert Services Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £62.4k, this is less efficient (£149.9k)
- Assert Services Limited
£149.9k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is earlier than average (225 days)
68 days - Assert Services Limited
225 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is quicker than average (219 days)
53 days - Assert Services Limited
219 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Assert Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 48 weeks, this is more cash available to meet short term requirements (18 weeks)
48 weeks - Assert Services Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.4%, this is a lower level of debt than the average (82.6%)
37.4% - Assert Services Limited
82.6% - Industry AVG
ASSERT SERVICES LIMITED financials
Assert Services Limited's latest turnover from June 2023 is £62.4 thousand and the company has net assets of £167.7 thousand. According to their latest financial statements, we estimate that Assert Services Limited has 1 employee and maintains cash reserves of £94.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Aug 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 62,374 | 104,889 | 150,635 | 141,267 | 182,274 | 84,588 | 213,177 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 37,654 | 66,459 | 23,184 | 68,640 | 26,823 | 17,068 | 14,536 | |||||||
| Gross Profit | 24,720 | 38,430 | 127,451 | 72,627 | 155,451 | 67,520 | 198,641 | |||||||
| Admin Expenses | 3,745 | 574 | 63,567 | 82,617 | 146,510 | 57,899 | 224,421 | |||||||
| Operating Profit | 20,975 | 37,856 | 63,884 | -9,990 | 8,941 | 9,621 | -25,780 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | 22 | 1 | 2 | 54 | |||||||
| Pre-Tax Profit | 20,975 | 37,856 | 63,884 | -9,968 | 8,942 | 9,623 | -25,726 | |||||||
| Tax | -3,152 | -7,193 | -10,676 | 1,894 | -1,699 | -1,828 | -2,399 | |||||||
| Profit After Tax | 17,823 | 30,663 | 53,208 | -8,074 | 7,243 | 7,795 | -28,125 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | 17,823 | 30,663 | 53,208 | -8,074 | 7,243 | 7,795 | -28,125 | |||||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | 5 | |||||||||||||
| EBITDA* | 20,975 | 37,856 | 63,884 | -9,990 | 8,941 | 9,621 | 12,650 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Aug 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,230 | 1,850 | 1,666 | 2,354 | 2,134 | 2,601 | 3,807 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,200 | 39,840 | 42,480 | 45,120 | 47,760 | 50,400 | 53,040 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,430 | 41,690 | 44,146 | 47,474 | 49,894 | 53,001 | 56,847 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,662 | 0 | 0 | 0 | 0 | 0 | 36,145 | 13,348 | 106,551 | 44,411 | 66,235 | 88,473 | 62,124 | 74,123 |
| Group Debtors | 0 | 465,946 | 313,396 | 350,002 | 220,770 | 138,305 | 21,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 161,838 | 26,591 | 61,196 | 35,038 | 89,827 | 34,332 | 35,210 | 189,718 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 94,467 | 46,761 | 132,682 | 6,004 | 21,680 | 16,793 | 5,141 | 21,401 | 29,576 | 103,780 | 151,998 | 133,857 | 142,576 | 84,089 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 267,967 | 539,298 | 507,274 | 391,044 | 332,277 | 189,430 | 97,996 | 224,467 | 136,127 | 148,191 | 218,233 | 222,330 | 204,700 | 158,212 |
| total assets | 267,967 | 539,298 | 507,274 | 391,044 | 332,277 | 189,430 | 97,996 | 262,897 | 177,817 | 192,337 | 265,707 | 272,224 | 257,701 | 215,059 |
| Bank overdraft | 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 |
| Trade Creditors | 5,530 | 21,856 | 22,485 | 31,099 | 737 | 34,445 | 10,488 | 12,380 | 94,888 | 61,130 | 93,447 | 91,183 | 91,786 | 74,047 |
| Group/Directors Accounts | 87,673 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 7,088 | 367,589 | 365,599 | 293,963 | 257,483 | 88,172 | 28,490 | 148,128 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 100,291 | 389,445 | 388,084 | 325,062 | 258,220 | 122,617 | 38,978 | 175,508 | 94,888 | 61,130 | 93,447 | 91,183 | 91,786 | 74,047 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 246 | 173 | 92 | 177 | 68 | 76 | 211 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 246 | 173 | 92 | 177 | 68 | 76 | 211 |
| total liabilities | 100,291 | 389,445 | 388,084 | 325,062 | 258,220 | 122,617 | 38,978 | 175,754 | 95,061 | 61,222 | 93,624 | 91,251 | 91,862 | 74,258 |
| net assets | 167,676 | 149,853 | 119,190 | 65,982 | 74,057 | 66,813 | 59,018 | 87,143 | 82,756 | 131,115 | 172,083 | 180,973 | 165,839 | 140,801 |
| total shareholders funds | 167,676 | 149,853 | 119,190 | 65,982 | 74,057 | 66,813 | 59,018 | 87,143 | 82,756 | 131,115 | 172,083 | 180,973 | 165,839 | 140,801 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Aug 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 20,975 | 37,856 | 63,884 | -9,990 | 8,941 | 9,621 | -25,780 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1,230 | 620 | 1,183 | 865 | 1,336 | 1,222 | 2,756 | 3,229 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 37,200 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 |
| Tax | -3,152 | -7,193 | -10,676 | 1,894 | -1,699 | -1,828 | -2,399 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -319,037 | 117,945 | -10,448 | 74,443 | 137,960 | 79,782 | -110,211 | 96,515 | 62,140 | -21,824 | -22,238 | 26,349 | -11,999 | 74,123 |
| Creditors | -16,326 | -629 | -8,614 | 30,362 | -33,708 | 23,957 | -1,892 | -82,508 | 33,758 | -32,317 | 2,264 | -603 | 17,739 | 74,047 |
| Accruals and Deferred Income | -360,501 | 1,990 | 71,636 | 36,480 | 169,311 | 59,682 | -119,638 | 148,128 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -246 | 73 | 81 | -85 | 109 | -8 | -135 | 211 |
| Cash flow from operations | -39,967 | -85,921 | 126,678 | -15,697 | 4,885 | 11,650 | -1,314 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Group/Directors Accounts | 87,673 | 0 | 0 | 0 | 0 | 0 | -15,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 22 | 1 | 2 | 54 | |||||||
| cash flow from financing | 87,673 | 0 | 0 | 21 | 2 | 2 | -14,946 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | 47,706 | -85,921 | 126,678 | -15,676 | 4,887 | 11,652 | -16,260 | -8,175 | -74,204 | -48,218 | 18,141 | -8,719 | 58,487 | 84,089 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 47,706 | -85,921 | 126,678 | -15,676 | 4,887 | 11,652 | -16,260 | -8,175 | -74,204 | -48,218 | 18,141 | -8,719 | 58,487 | 84,089 |
assert services limited Credit Report and Business Information
Assert Services Limited Competitor Analysis
Perform a competitor analysis for assert services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BH22 area or any other competitors across 12 key performance metrics.
assert services limited Ownership
ASSERT SERVICES LIMITED group structure
Assert Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
ASSERT SERVICES LIMITED
05048092
assert services limited directors
Assert Services Limited currently has 1 director, Mr John Watson serving since Jul 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Watson | England | 68 years | Jul 2017 | - | Director |
P&L
June 2023turnover
62.4k
-41%
operating profit
21k
-45%
gross margin
39.7%
+8.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
167.7k
+0.12%
total assets
268k
-0.5%
cash
94.5k
+1.02%
net assets
Total assets minus all liabilities
assert services limited company details
company number
05048092
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
February 2004
age
20
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
77 ringwood road, longham, ferndown, BH22 9AA
Bank
ABBEY NATIONAL PLC
Legal Advisor
-
assert 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 did not find charges/mortgages relating to assert services limited.
assert services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
