Verrolyne Services Ltd

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verrolyne services ltd Company Information

Live

EstablishedSmallRapid

Company Number

08285939

Website

www.verrolyne.co.uk

Registered Address

101 victoria road, romford, RM1 2LX

Industry

Other human health activities

Telephone

01708320476

Next Accounts Due

63 days late

Group Structure

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Directors

Muhammad Khan1 Years

Shareholders

vertex peak healthcare group ltd 100%

verrolyne services ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of VERROLYNE SERVICES LTD at £2.4m based on a Turnover of £5m and 0.48x industry multiple (adjusted for size and gross margin).

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Verrolyne Services Ltd is a live company located in romford, RM1 2LX with a Companies House number of 08285939. It operates in the other human health activities sector, SIC Code 86900. Founded in November 2012, it's largest shareholder is vertex peak healthcare group ltd with a 100% stake. Verrolyne Services Ltd is a established, small sized company, Pomanda has estimated its turnover at £5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Verrolyne Services Ltd a 2 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

Health Rating2out of 5

4 Strong

1 Regular

6 Weak

Size

annual sales of £5m, make it larger than the average company (£682.9k)

Growth

3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (4.9%)

EXPORT

Verrolyne Services Ltd's latest turnover from November 2022 is estimated at £5 million and the company has net assets of -£131.8 thousand. According to their latest financial statements, Verrolyne Services Ltd has 219 employees and maintains cash reserves of £12.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013
Turnover	4,979,063	1,814,350	2,523,515	1,256,918	554,955	331,549	575,888	247,540	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,905,587	1,463,440	2,011,099	991,045	443,742	254,728	439,059	193,298	0	0
Gross Profit	1,073,476	350,910	512,416	265,872	111,212	76,821	136,830	54,242	0	0
Admin Expenses	1,205,855	351,855	515,087	261,812	72,547	164,882	125,413	-2,553	-16,069	8,033
Operating Profit	-132,379	-945	-2,671	4,060	38,665	-88,061	11,417	56,795	16,069	-8,033
Interest Payable	0	0	0	0	0	1,375	1,322	0	0	0
Interest Receivable	191	90	91	99	88	100	80	96	40	4
Pre-Tax Profit	-132,188	-855	-2,580	4,159	38,753	-89,336	10,175	56,891	16,109	-8,029
Tax	0	0	0	-790	-7,363	0	-2,035	-11,378	-3,383	0
Profit After Tax	-132,188	-855	-2,580	3,369	31,390	-89,336	8,140	45,513	12,726	-8,029
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-132,188	-855	-2,580	3,369	31,390	-89,336	8,140	45,513	12,726	-8,029
Employee Costs	5,220,070	986,032	2,369,371	155,088	106,164	105,342	163,957	84,604	0	0
Number Of Employees	219	43	105	7	5	5	8	4	0	0
EBITDA*	-77,613	33,783	30,583	44,710	38,665	-88,061	17,675	58,266	16,069	-8,033

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013
Tangible Assets	112,453	108,979	104,833	125,026	46,526	16,104	20,904	5,882	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	112,453	108,979	104,833	125,026	46,526	16,104	20,904	5,882	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	563,991	440,455	333,239	345,690	140,571	49,524	100,965	41,759	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	12,759	0	179,729	2,830	23,564	0	39,957	23,958	14,364	1,571
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	576,750	440,455	512,968	348,520	164,135	49,524	140,922	65,717	14,364	1,571
total assets	689,203	549,434	617,801	473,546	210,661	65,628	161,826	71,599	14,364	1,571
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	562,391	209,430	231,426	325,002	148,017	53,688	49,458	21,289	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	9,567	9,500
total current liabilities	562,391	209,430	231,426	325,002	148,017	53,688	49,458	21,289	9,567	9,500
loans	0	0	0	0	0	0	42,305	0	0	0
hp & lease commitments	0	0	0	0	0	0	11,613	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	258,562	339,566	385,082	144,671	62,140	42,926	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	258,562	339,566	385,082	144,671	62,140	42,926	53,918	0	0	0
total liabilities	820,953	548,996	616,508	469,673	210,157	96,614	103,376	21,289	9,567	9,500
net assets	-131,750	438	1,293	3,873	504	-30,986	58,450	50,310	4,797	-7,929
total shareholders funds	-131,750	438	1,293	3,873	504	-30,986	58,450	50,310	4,797	-7,929

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013
Operating Activities
Operating Profit	-132,379	-945	-2,671	4,060	38,665	-88,061	11,417	56,795	16,069	-8,033
Depreciation	54,766	34,728	33,254	40,650	0	0	6,258	1,471	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-790	-7,363	0	-2,035	-11,378	-3,383	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	123,536	107,216	-12,451	181,555	114,611	-51,441	59,206	41,759	0	0
Creditors	352,961	-21,996	-93,576	176,985	94,329	4,230	28,169	21,289	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	-9,567	67	9,500
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	151,812	-95,429	-50,542	39,350	11,020	-32,390	-15,397	16,851	12,753	1,467
Investing Activities
capital expenditure	-58,240	-38,874	-13,061	-119,150	-30,422	4,800	-21,280	-7,353	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-58,240	-38,874	-13,061	-119,150	-30,422	4,800	-21,280	-7,353	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-42,305	42,305	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-11,613	11,613	0	0	0
other long term liabilities	-81,004	-45,516	240,411	82,531	19,214	42,926	0	0	0	0
share issue	0	0	0	0	100	-100	0	0	0	100
interest	191	90	91	99	88	-1,275	-1,242	96	40	4
cash flow from financing	-80,813	-45,426	240,502	82,630	19,402	-12,367	52,676	96	40	104
cash and cash equivalents
cash	12,759	-179,729	176,899	-20,734	23,564	-39,957	15,999	9,594	12,793	1,571
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	12,759	-179,729	176,899	-20,734	23,564	-39,957	15,999	9,594	12,793	1,571

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for verrolyne services ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in RM1 area or any other competitors across 12 key performance metrics.

VERROLYNE SERVICES LTD group structure

Verrolyne Services Ltd has no subsidiary companies.

Ultimate parent company

VERTEX PEAK HEALTHCARE GROUP LTD

14928283

1 parent

VERROLYNE SERVICES LTD

08285939

VERROLYNE SERVICES LTD Shareholders

vertex peak healthcare group ltd

100%

Verrolyne Services Ltd currently has 1 director, Mr Muhammad Khan serving since Aug 2023.

officer	country	age	start	end	role
Mr Muhammad Khan	England	46 years	Aug 2023	-	Director

P&L

November 2022

turnover

+174%

operating profit

-132.4k

gross margin

21.6%

+11.47%

turnover

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

Balance Sheet

November 2022

net assets

-131.8k

-301.8%

total assets

689.2k

+0.25%

cash

12.8k

net assets

Total assets minus all liabilities

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company number

08285939

Type

Private limited with Share Capital

industry

86900 - Other human health activities

incorporation date

November 2012

ultimate parent company

VERTEX PEAK HEALTHCARE GROUP LTD

previous names

mont forbes care ltd (June 2023)

verrolyne services ltd (May 2023)

address

101 victoria road, romford, RM1 2LX

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 verrolyne services ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

verrolyne services ltd Company Information

verrolyne services ltd Estimated Valuation

verrolyne services ltd Estimated Valuation

verrolyne services ltd Estimated Valuation

Verrolyne Services Ltd Overview

Verrolyne Services Ltd Health Check

VERROLYNE SERVICES LTD financials

verrolyne services ltd Credit Report and Business Information

Verrolyne Services Ltd Competitor Analysis

verrolyne services ltd Ownership

verrolyne services ltd directors

verrolyne services ltd company details

verrolyne services ltd Charges & Mortgages

verrolyne services ltd Companies House Filings - See Documents