Versco Ltd

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versco ltd Company Information

Live

EstablishedSmallRapid

Company Number

07581096

Next Accounts

Apr 2025

Industry

Manufacture of other fabricated metal products n.e.c.

Directors

Jacqueline Balmer

Stephen Balmer

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Shareholders

jacqueline balmer

steve balmer

Group Structure

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Contact

Registered Address

the rectory main street, bigby, barnetby, lincolnshire, DN38 6EW

Website

www.versco.uk.com

versco ltd Estimated Valuation

£3m

Pomanda estimates the enterprise value of VERSCO LTD at £3m based on Net Assets of £1.5m and 2x industry multiple (adjusted for liquidity).

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Versco Ltd is a live company located in barnetby, DN38 6EW with a Companies House number of 07581096. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in March 2011, it's largest shareholder is jacqueline balmer with a 50% stake. Versco Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Versco Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (5.5%)

EXPORT

Versco Ltd's latest turnover from July 2023 is estimated at £2.2 million and the company has net assets of £1.5 million. According to their latest financial statements, Versco Ltd has 11 employees and maintains cash reserves of £3.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Turnover	2,236,518	1,398,997	1,753,520	886,701	1,055,044	3,367,532	918,128	569,692	496,714	325,311	608,398	540,943
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,781,223	1,107,303	1,424,016	704,645	836,972	2,651,148	719,300	443,096	387,549	256,416	482,148	423,616
Gross Profit	455,295	291,694	329,504	182,056	218,072	716,385	198,829	126,595	109,165	68,895	126,250	117,327
Admin Expenses	414,934	273,744	250,725	-185,451	-430,650	490,702	82,194	82,471	33,645	11,036	-1,118	49,057
Operating Profit	40,361	17,950	78,779	367,507	648,722	225,683	116,635	44,124	75,520	57,859	127,368	68,270
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,212	4,026	611	889	3,435	0	56	143	374	1,013	843	174
Pre-Tax Profit	47,573	21,977	79,390	368,396	652,157	225,683	116,691	44,266	75,894	58,872	128,212	68,443
Tax	-11,893	-4,176	-15,084	-69,995	-123,910	-42,880	-22,171	-8,853	-15,179	-12,363	-29,489	-16,426
Profit After Tax	35,680	17,801	64,306	298,401	528,247	182,803	94,520	35,413	60,715	46,509	98,723	52,017
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	35,680	17,801	64,306	298,401	528,247	182,803	94,520	35,413	60,715	46,509	98,723	52,017
Employee Costs	434,699	408,400	423,826	393,826	494,426	612,204	165,778	130,870	95,217	62,421	123,358	92,450
Number Of Employees	11	11	12	11	14	18	5	4	3	2	4	3
EBITDA*	164,865	87,298	191,113	517,036	737,287	225,683	116,635	76,220	98,073	74,508	132,443	68,424

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Tangible Assets	479,490	498,013	403,535	446,339	563,445	171,169	175,438	150,393	97,348	60,641	53,242	0
Intangible Assets	61,066	56,765	10,431	11,180	11,929	0	0	11,201	9,484	12,210	8,556	4,981
Investments & Other	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
Total Fixed Assets	540,556	554,778	413,966	457,519	575,374	171,169	175,438	161,594	106,832	72,851	61,798	4,981
Stock & work in progress	631,730	518,343	399,824	356,078	322,585	0	0	93,435	127,641	132,108	129,279	84,625
Trade Debtors	850,978	516,801	777,130	117,919	61,762	1,003,972	286,384	166,806	134,729	26,498	65,675	126,697
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	61,925	0	0	0	0	0
Cash	3,814	284,685	359,527	862,564	916,033	0	0	44,870	12,133	137,314	267,833	69,556
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,486,522	1,319,829	1,536,481	1,336,561	1,300,380	1,003,972	348,309	305,111	274,503	295,920	462,787	280,878
total assets	2,027,078	1,874,607	1,950,447	1,794,080	1,875,754	1,175,141	523,747	466,705	381,335	368,771	524,585	285,859
Bank overdraft	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
Trade Creditors	437,800	228,774	238,791	396,730	663,672	578,174	135,850	173,327	123,370	171,521	373,844	233,841
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	437,800	228,774	238,791	396,730	663,672	578,174	135,850	173,327	123,370	171,521	373,844	233,841
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	74,141	166,376	250,000	0	113,133	26,267	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	74,141	166,376	250,000	0	113,133	26,267	0	0	0	0	0	0
total liabilities	511,941	395,150	488,791	396,730	776,805	604,441	135,850	173,327	123,370	171,521	373,844	233,841
net assets	1,515,137	1,479,457	1,461,656	1,397,350	1,098,949	570,700	387,897	293,378	257,965	197,250	150,741	52,018
total shareholders funds	1,515,137	1,479,457	1,461,656	1,397,350	1,098,949	570,700	387,897	293,378	257,965	197,250	150,741	52,018

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Operating Activities
Operating Profit	40,361	17,950	78,779	367,507	648,722	225,683	116,635	44,124	75,520	57,859	127,368	68,270
Depreciation	124,504	69,348	111,585	148,780	87,816	0	0	31,533	19,227	16,270	4,824	0
Amortisation	0	0	749	749	749	0	0	563	3,326	379	251	154
Tax	-11,893	-4,176	-15,084	-69,995	-123,910	-42,880	-22,171	-8,853	-15,179	-12,363	-29,489	-16,426
Stock	113,387	118,519	43,746	33,493	322,585	0	-93,435	-34,206	-4,467	2,829	44,654	84,625
Debtors	334,177	-260,329	659,211	56,157	-942,210	655,663	181,503	32,077	108,231	-39,177	-61,022	126,697
Creditors	209,026	-10,017	-157,939	-266,942	85,498	442,324	-37,477	49,957	-48,151	-202,323	140,003	233,841
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-85,566	214,915	-684,867	90,449	1,318,500	-30,536	-31,081	119,453	-69,021	-103,830	259,325	74,517
Investing Activities
capital expenditure	-110,282	-210,160	-68,781	-31,674	-492,770	4,269	-13,844	-86,858	-56,534	-27,702	-61,892	-5,135
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-110,282	-210,160	-68,781	-31,674	-492,770	4,269	-13,844	-86,858	-56,534	-27,702	-61,892	-5,135
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-92,235	-83,624	250,000	-113,133	86,866	26,267	0	0	0	0	0	0
share issue	0	0	0	0	2	0	-1	0	0	0	0	1
interest	7,212	4,026	611	889	3,435	0	56	143	374	1,013	843	174
cash flow from financing	-85,023	-79,598	250,611	-112,244	90,303	26,267	55	143	374	1,013	843	175
cash and cash equivalents
cash	-280,871	-74,842	-503,037	-53,469	916,033	0	-44,870	32,737	-125,181	-130,519	198,277	69,556
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-280,871	-74,842	-503,037	-53,469	916,033	0	-44,870	32,737	-125,181	-130,519	198,277	69,556

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VERSCO LTD group structure

Versco Ltd has no subsidiary companies.

Ultimate parent company

VERSCO LTD

07581096

VERSCO LTD Shareholders

jacqueline balmer	50%
steve balmer	50%

Versco Ltd currently has 4 directors. The longest serving directors include Mrs Jacqueline Balmer (Jul 2011) and Mr Stephen Balmer (May 2016).

officer	country	age	start	end	role
Mrs Jacqueline Balmer	United Kingdom	66 years	Jul 2011	-	Director
Mr Stephen Balmer		67 years	May 2016	-	Director
Mr Adam Balmer		39 years	Mar 2022	-	Director
Mr Peter Balmer		37 years	Mar 2022	-	Director

P&L

July 2023

turnover

2.2m

+60%

operating profit

40.4k

gross margin

20.4%

-2.36%

turnover

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

Balance Sheet

July 2023

net assets

1.5m

+0.02%

total assets

+0.08%

cash

3.8k

-0.99%

net assets

Total assets minus all liabilities

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company number

07581096

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

March 2011

ultimate parent company

None

previous names

N/A

address

the rectory main street, bigby, barnetby, lincolnshire, DN38 6EW

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 2 charges/mortgages relating to versco ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

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versco ltd Company Information

versco ltd Estimated Valuation

versco ltd Estimated Valuation

versco ltd Estimated Valuation

Versco Ltd Overview

Versco Ltd Health Check

VERSCO LTD financials

versco ltd Credit Report and Business Information

Versco Ltd Competitor Analysis

versco ltd Ownership

versco ltd directors

versco ltd company details

versco ltd Charges & Mortgages

versco ltd Capital Raised & Share Issues BETA

versco ltd Companies House Filings - See Documents