verisure services (uk) limited
verisure services (uk) limited Company Information
Company Number
08840095
Website
www.verisure.co.ukRegistered Address
q12 quorum business park, benton lane, newcastle upon tyne, tyne and wear, NE12 8BU
Industry
Security systems service activities
Telephone
08001585560
Next Accounts Due
33 days late
Group Structure
View All
Shareholders
securitas direct ab 100%
verisure services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VERISURE SERVICES (UK) LIMITED at £92.4m based on a Turnover of £70.2m and 1.32x industry multiple (adjusted for size and gross margin).
verisure services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VERISURE SERVICES (UK) LIMITED at £0 based on an EBITDA of £-35.6m and a 12.07x industry multiple (adjusted for size and gross margin).
verisure services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of VERISURE SERVICES (UK) LIMITED at £0 based on Net Assets of £-193.4m and 2.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Verisure Services (uk) Limited Overview
Verisure Services (uk) Limited is a live company located in newcastle upon tyne, NE12 8BU with a Companies House number of 08840095. It operates in the security systems service activities sector, SIC Code 80200. Founded in January 2014, it's largest shareholder is securitas direct ab with a 100% stake. Verisure Services (uk) Limited is a established, large sized company, Pomanda has estimated its turnover at £70.2m with rapid growth in recent years.
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Verisure Services (uk) Limited Health Check
Pomanda's financial health check has awarded Verisure Services (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £70.2m, make it larger than the average company (£2.3m)
£70.2m - Verisure Services (uk) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (1.6%)
42% - Verisure Services (uk) Limited
1.6% - Industry AVG
Production
with a gross margin of 77%, this company has a lower cost of product (36.8%)
77% - Verisure Services (uk) Limited
36.8% - Industry AVG
Profitability
an operating margin of -61.6% make it less profitable than the average company (7.5%)
-61.6% - Verisure Services (uk) Limited
7.5% - Industry AVG
Employees
with 1704 employees, this is above the industry average (28)
1704 - Verisure Services (uk) Limited
28 - Industry AVG
Pay Structure
on an average salary of £32k, the company has an equivalent pay structure (£37.5k)
£32k - Verisure Services (uk) Limited
£37.5k - Industry AVG
Efficiency
resulting in sales per employee of £41.2k, this is less efficient (£96k)
£41.2k - Verisure Services (uk) Limited
£96k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (61 days)
2 days - Verisure Services (uk) Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (44 days)
57 days - Verisure Services (uk) Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 253 days, this is more than average (28 days)
253 days - Verisure Services (uk) Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Verisure Services (uk) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 364.9%, this is a higher level of debt than the average (61.1%)
364.9% - Verisure Services (uk) Limited
61.1% - Industry AVG
VERISURE SERVICES (UK) LIMITED financials
Verisure Services (Uk) Limited's latest turnover from December 2022 is £70.2 million and the company has net assets of -£193.4 million. According to their latest financial statements, Verisure Services (Uk) Limited has 1,704 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 70,177,756 | 49,131,239 | 32,663,951 | 24,379,426 | 15,221,905 | 7,576,015 | 76,375 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 16,114,865 | 31,872,924 | 20,594,776 | 16,443,611 | 11,639,359 | 8,617,360 | 38,079 | ||
| Gross Profit | 54,062,891 | 17,258,315 | 12,069,175 | 7,935,815 | 3,582,546 | -1,041,345 | 38,296 | ||
| Admin Expenses | 97,314,029 | 53,286,637 | 30,379,820 | 26,398,035 | 20,398,160 | 14,182,047 | 1,395,341 | ||
| Operating Profit | -43,251,138 | -36,028,322 | -18,310,645 | -18,462,220 | -16,815,614 | -15,223,392 | -1,357,045 | ||
| Interest Payable | 10,799,013 | 7,188,137 | 4,290,779 | 3,079,431 | 2,033,590 | 1,157,601 | 21,741 | ||
| Interest Receivable | 321 | 0 | 4,626 | 1,075 | 0 | 0 | 1 | ||
| Pre-Tax Profit | -54,049,830 | -43,216,459 | -22,596,798 | -21,540,576 | -18,849,204 | -16,380,993 | -1,378,786 | ||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Profit After Tax | -54,049,830 | -43,216,459 | -22,596,798 | -21,540,576 | -18,849,204 | -16,380,993 | -1,378,786 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -54,049,830 | -43,216,459 | -22,596,798 | -21,540,576 | -18,849,204 | -16,380,993 | -1,378,786 | ||
| Employee Costs | 54,451,917 | 43,397,449 | 29,369,722 | 22,582,166 | 16,963,510 | 12,386,713 | |||
| Number Of Employees | 1,704 | 1,230 | 786 | 738 | 586 | 392 | 225 | 70 | |
| EBITDA* | -35,636,285 | -30,884,177 | -14,581,026 | -16,023,138 | -14,934,225 | -14,316,941 | -1,336,787 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 50,677,284 | 36,847,527 | 24,234,042 | 16,772,731 | 10,056,736 | 6,295,432 | 2,900,538 | 592,642 | 195,386 |
| Intangible Assets | 2,342,007 | 2,633,067 | 1,197,679 | 700,513 | 227,310 | 352,280 | 286,297 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 53,019,291 | 39,480,594 | 25,431,721 | 17,473,244 | 10,284,046 | 6,647,712 | 3,186,835 | 592,642 | 195,386 |
| Stock & work in progress | 11,188,960 | 6,774,427 | 6,366,387 | 3,258,400 | 2,713,561 | 1,147,853 | 784,363 | 236,155 | 26,697 |
| Trade Debtors | 538,749 | 519,318 | 358,505 | 440,342 | 267,541 | 189,508 | 170,439 | 154,220 | 30,898 |
| Group Debtors | 2,743,646 | 109,069 | 71,518 | 332,543 | 84,642 | 16,788 | 50,440 | 0 | 0 |
| Misc Debtors | 3,896,178 | 3,263,166 | 2,095,245 | 2,166,703 | 1,233,008 | 963,082 | 670,670 | 270,211 | 105,377 |
| Cash | 1,605,961 | 153,989 | 101,447 | 297,698 | 1,182,661 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,973,494 | 10,819,969 | 8,993,102 | 6,495,686 | 5,481,413 | 2,317,231 | 1,675,912 | 660,586 | 162,972 |
| total assets | 72,992,785 | 50,300,563 | 34,424,823 | 23,968,930 | 15,765,459 | 8,964,943 | 4,862,747 | 1,253,228 | 358,358 |
| Bank overdraft | 18,807,556 | 32,935,690 | 121,828,185 | 92,919,874 | 64,445,085 | 40,336,385 | 20,420,331 | 6,629,985 | 1,497,908 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,542,341 | 1,629,768 | 449,532 | 1,191,590 | 603,519 | 429,018 | 250,674 | 254,082 | 6,808 |
| Group/Directors Accounts | 6,689,072 | 4,320,240 | 3,426,830 | 1,304,487 | 661,755 | 109,131 | 147,011 | 120,775 | 14,679 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,594,475 | 8,402,465 | 4,690,415 | 1,896,969 | 1,829,162 | 985,916 | 772,042 | 657,089 | 217,748 |
| total current liabilities | 35,633,444 | 47,288,163 | 130,394,962 | 97,312,920 | 67,539,521 | 41,860,450 | 21,590,058 | 7,661,931 | 1,737,143 |
| loans | 230,000,000 | 140,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 720,512 | 2,323,741 | 124,743 | 154,094 | 183,446 | 212,797 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 230,720,512 | 142,323,741 | 124,743 | 154,094 | 183,446 | 212,797 | 0 | 0 | 0 |
| total liabilities | 266,353,956 | 189,611,904 | 130,519,705 | 97,467,014 | 67,722,967 | 42,073,247 | 21,590,058 | 7,661,931 | 1,737,143 |
| net assets | -193,361,171 | -139,311,341 | -96,094,882 | -73,498,084 | -51,957,508 | -33,108,304 | -16,727,311 | -6,408,703 | -1,378,785 |
| total shareholders funds | -193,361,171 | -139,311,341 | -96,094,882 | -73,498,084 | -51,957,508 | -33,108,304 | -16,727,311 | -6,408,703 | -1,378,785 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -43,251,138 | -36,028,322 | -18,310,645 | -18,462,220 | -16,815,614 | -15,223,392 | -1,357,045 | ||
| Depreciation | 6,394,491 | 4,476,154 | 3,329,521 | 2,205,574 | 1,700,597 | 779,338 | 408,733 | 82,801 | 20,258 |
| Amortisation | 1,220,362 | 667,991 | 400,098 | 233,508 | 180,792 | 127,113 | 25,986 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stock | 4,414,533 | 408,040 | 3,107,987 | 544,839 | 1,565,708 | 363,490 | 548,208 | 209,458 | 26,697 |
| Debtors | 3,287,020 | 1,366,285 | -414,320 | 1,354,397 | 415,813 | 277,829 | 467,118 | 288,156 | 136,275 |
| Creditors | 912,573 | 1,180,236 | -742,058 | 588,071 | 174,501 | 178,344 | -3,408 | 247,274 | 6,808 |
| Accruals and Deferred Income | -2,411,219 | 5,911,048 | 2,764,095 | 38,455 | 813,895 | 426,671 | 114,953 | 439,341 | 217,748 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -44,836,484 | -25,567,218 | -15,252,656 | -17,295,848 | -15,927,350 | -14,353,245 | -1,275,203 | ||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -5,931,537 | -4,367,328 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -5,931,537 | -4,367,328 | |||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,368,832 | 893,410 | 2,122,343 | 642,732 | 552,624 | -37,880 | 26,236 | 106,096 | 14,679 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 90,000,000 | 140,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -10,798,692 | -7,188,137 | -4,286,153 | -3,078,356 | -2,033,590 | -1,157,601 | -21,740 | ||
| cash flow from financing | 81,570,140 | 133,705,273 | -2,163,810 | -2,435,624 | -1,480,966 | -1,195,481 | -7,060 | ||
| cash and cash equivalents | |||||||||
| cash | 1,451,972 | 52,542 | -196,251 | -884,963 | 1,182,661 | 0 | 0 | 0 | 0 |
| overdraft | -14,128,134 | -88,892,495 | 28,908,311 | 28,474,789 | 24,108,700 | 19,916,054 | 13,790,346 | 5,132,077 | 1,497,908 |
| change in cash | 15,580,106 | 88,945,037 | -29,104,562 | -29,359,752 | -22,926,039 | -19,916,054 | -13,790,346 | -5,132,077 | -1,497,908 |
verisure services (uk) limited Credit Report and Business Information
Verisure Services (uk) Limited Competitor Analysis
Perform a competitor analysis for verisure services (uk) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in NE12 area or any other competitors across 12 key performance metrics.
verisure services (uk) limited Ownership
VERISURE SERVICES (UK) LIMITED group structure
Verisure Services (Uk) Limited has no subsidiary companies.
Ultimate parent company
SHIELD LUXCO 1 SARL
#0099008
SECURITAS DIRECT AB
#0098382
2 parents
VERISURE SERVICES (UK) LIMITED
08840095
verisure services (uk) limited directors
Verisure Services (Uk) Limited currently has 4 directors. The longest serving directors include Mr Luis Gil Lasa (Aug 2015) and Mr Olivier Allender (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Luis Gil Lasa | 63 years | Aug 2015 | - | Director | |
| Mr Olivier Allender | 55 years | Apr 2024 | - | Director | |
| Mr Gurvan Briand | 46 years | May 2024 | - | Director | |
| Mr Edouard Rekko | 43 years | Aug 2024 | - | Director |
P&L
December 2022turnover
70.2m
+43%
operating profit
-43.3m
+20%
gross margin
77.1%
+119.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-193.4m
+0.39%
total assets
73m
+0.45%
cash
1.6m
+9.43%
net assets
Total assets minus all liabilities
Similar Companies
verisure services (uk) limited company details
company number
08840095
Type
Private limited with Share Capital
industry
80200 - Security systems service activities
incorporation date
January 2014
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
q12 quorum business park, benton lane, newcastle upon tyne, tyne and wear, NE12 8BU
Bank
-
Legal Advisor
-
verisure services (uk) 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 verisure services (uk) limited.
verisure services (uk) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
