sonova service center uk limited
sonova service center uk limited Company Information
Company Number
09174185
Website
-Registered Address
sonova house lakeside drive, center park, warrington, cheshire, WA1 1RX
Industry
Manufacture of medical and dental instruments and supplies
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
sonova ag 100%
sonova service center uk limited Estimated Valuation
Pomanda estimates the enterprise value of SONOVA SERVICE CENTER UK LIMITED at £12m based on a Turnover of £13.2m and 0.91x industry multiple (adjusted for size and gross margin).
sonova service center uk limited Estimated Valuation
Pomanda estimates the enterprise value of SONOVA SERVICE CENTER UK LIMITED at £2.5m based on an EBITDA of £438k and a 5.66x industry multiple (adjusted for size and gross margin).
sonova service center uk limited Estimated Valuation
Pomanda estimates the enterprise value of SONOVA SERVICE CENTER UK LIMITED at £2m based on Net Assets of £3.8m and 0.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Sonova Service Center Uk Limited Overview
Sonova Service Center Uk Limited is a live company located in warrington, WA1 1RX with a Companies House number of 09174185. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in August 2014, it's largest shareholder is sonova ag with a 100% stake. Sonova Service Center Uk Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.2m with declining growth in recent years.
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Sonova Service Center Uk Limited Health Check
Pomanda's financial health check has awarded Sonova Service Center Uk Limited a 3 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
1 Regular
6 Weak
Size
annual sales of £13.2m, make it in line with the average company (£15.8m)
£13.2m - Sonova Service Center Uk Limited
£15.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.7%)
-7% - Sonova Service Center Uk Limited
5.7% - Industry AVG
Production
with a gross margin of 21.7%, this company has a higher cost of product (38.4%)
21.7% - Sonova Service Center Uk Limited
38.4% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (6.3%)
2% - Sonova Service Center Uk Limited
6.3% - Industry AVG
Employees
with 170 employees, this is above the industry average (87)
170 - Sonova Service Center Uk Limited
87 - Industry AVG
Pay Structure
on an average salary of £27.8k, the company has a lower pay structure (£45.2k)
£27.8k - Sonova Service Center Uk Limited
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £77.4k, this is less efficient (£174.2k)
£77.4k - Sonova Service Center Uk Limited
£174.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Sonova Service Center Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (39 days)
2 days - Sonova Service Center Uk Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (99 days)
26 days - Sonova Service Center Uk Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Sonova Service Center Uk Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.3%, this is a lower level of debt than the average (42.6%)
37.3% - Sonova Service Center Uk Limited
42.6% - Industry AVG
SONOVA SERVICE CENTER UK LIMITED financials
Sonova Service Center Uk Limited's latest turnover from March 2023 is £13.2 million and the company has net assets of £3.8 million. According to their latest financial statements, Sonova Service Center Uk Limited has 170 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,160,000 | 13,461,000 | 14,028,000 | 16,522,000 | 17,950,000 | 16,765,000 | 17,272,000 | 12,001,000 | 4,544,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,308,000 | 8,906,000 | 9,069,000 | 11,207,000 | 10,263,000 | 8,767,000 | 6,771,000 | 4,342,000 | 899,000 |
| Gross Profit | 2,852,000 | 4,555,000 | 4,959,000 | 5,315,000 | 7,687,000 | 7,998,000 | 10,501,000 | 7,659,000 | 3,645,000 |
| Admin Expenses | 2,587,000 | 3,473,000 | 3,913,000 | 4,263,000 | 6,630,000 | 7,379,000 | 9,657,000 | 7,830,000 | 5,681,000 |
| Operating Profit | 265,000 | 1,082,000 | 1,046,000 | 1,052,000 | 1,057,000 | 619,000 | 844,000 | -171,000 | -2,036,000 |
| Interest Payable | 178,000 | 4,000 | 19,000 | 81,000 | 66,000 | 23,000 | 64,000 | 37,000 | 0 |
| Interest Receivable | 61,000 | 29,000 | 153,000 | 81,000 | 32,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 148,000 | 1,107,000 | 1,180,000 | 2,318,000 | -347,000 | 599,000 | 858,000 | 11,000 | -2,045,000 |
| Tax | -73,000 | -30,000 | 205,000 | -422,000 | 33,000 | -117,000 | 190,000 | 0 | 5,000 |
| Profit After Tax | 75,000 | 1,077,000 | 1,385,000 | 1,896,000 | -314,000 | 482,000 | 1,048,000 | 11,000 | -2,040,000 |
| Dividends Paid | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,925,000 | 1,077,000 | 1,385,000 | 1,896,000 | -314,000 | 482,000 | 1,048,000 | 11,000 | -2,040,000 |
| Employee Costs | 4,726,000 | 5,226,000 | 6,862,000 | 6,609,000 | 7,605,000 | 7,283,000 | 6,330,000 | 5,324,000 | 3,364,000 |
| Number Of Employees | 170 | 202 | 250 | 265 | 327 | 326 | 355 | 275 | 205 |
| EBITDA* | 438,000 | 1,281,000 | 1,245,000 | 1,402,000 | 1,380,000 | 920,000 | 1,184,000 | 104,000 | -1,866,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 703,000 | 756,000 | 783,000 | 844,000 | 1,158,000 | 1,182,000 | 1,262,000 | 1,407,000 | 1,345,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 9,000 | 9,000 |
| 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 | 703,000 | 756,000 | 783,000 | 844,000 | 1,158,000 | 1,182,000 | 1,266,000 | 1,416,000 | 1,354,000 |
| Stock & work in progress | 740,000 | 802,000 | 818,000 | 711,000 | 474,000 | 481,000 | 625,000 | 510,000 | 570,000 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 4,205,000 | 6,256,000 | 6,071,000 | 5,488,000 | 3,831,000 | 3,369,000 | 5,040,000 | 5,046,000 | 1,451,000 |
| Misc Debtors | 359,000 | 471,000 | 138,000 | 434,000 | 508,000 | 472,000 | 532,000 | 1,237,000 | 58,000 |
| Cash | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 0 | 0 | 13,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,305,000 | 7,530,000 | 7,028,000 | 6,634,000 | 4,814,000 | 4,322,000 | 6,197,000 | 6,806,000 | 2,079,000 |
| total assets | 6,008,000 | 8,286,000 | 7,811,000 | 7,478,000 | 5,972,000 | 5,504,000 | 7,463,000 | 8,222,000 | 3,433,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 82,000 | 105,000 | 85,000 | 148,000 | 142,000 | 207,000 | 47,000 | 88,000 | 17,000 |
| Group/Directors Accounts | 953,000 | 761,000 | 639,000 | 1,977,000 | 1,716,000 | 2,587,000 | 5,176,000 | 9,604,000 | 4,961,000 |
| 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 | 1,175,000 | 725,000 | 859,000 | 1,016,000 | 407,000 | 59,000 | 71,000 | 409,000 | 339,000 |
| total current liabilities | 2,210,000 | 1,591,000 | 1,583,000 | 3,141,000 | 2,265,000 | 2,853,000 | 5,294,000 | 10,101,000 | 5,323,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 28,000 | 0 | 610,000 | 104,000 | 1,370,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 28,000 | 0 | 610,000 | 104,000 | 1,370,000 | 0 | 0 | 0 | 0 |
| total liabilities | 2,238,000 | 1,591,000 | 2,193,000 | 3,245,000 | 3,635,000 | 2,853,000 | 5,294,000 | 10,101,000 | 5,323,000 |
| net assets | 3,770,000 | 6,695,000 | 5,618,000 | 4,233,000 | 2,337,000 | 2,651,000 | 2,169,000 | -1,879,000 | -1,890,000 |
| total shareholders funds | 3,770,000 | 6,695,000 | 5,618,000 | 4,233,000 | 2,337,000 | 2,651,000 | 2,169,000 | -1,879,000 | -1,890,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 265,000 | 1,082,000 | 1,046,000 | 1,052,000 | 1,057,000 | 619,000 | 844,000 | -171,000 | -2,036,000 |
| Depreciation | 173,000 | 199,000 | 199,000 | 350,000 | 323,000 | 301,000 | 340,000 | 275,000 | 170,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -73,000 | -30,000 | 205,000 | -422,000 | 33,000 | -117,000 | 190,000 | 0 | 5,000 |
| Stock | -62,000 | -16,000 | 107,000 | 237,000 | -7,000 | -144,000 | 115,000 | -60,000 | 570,000 |
| Debtors | -2,163,000 | 518,000 | 287,000 | 1,583,000 | 498,000 | -1,731,000 | -711,000 | 4,774,000 | 1,509,000 |
| Creditors | -23,000 | 20,000 | -63,000 | 6,000 | -65,000 | 160,000 | -41,000 | 71,000 | 17,000 |
| Accruals and Deferred Income | 450,000 | -134,000 | -157,000 | 609,000 | 348,000 | -12,000 | -338,000 | 70,000 | 339,000 |
| Deferred Taxes & Provisions | 28,000 | -610,000 | 506,000 | -1,266,000 | 1,370,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,045,000 | 25,000 | 1,342,000 | -1,491,000 | 2,575,000 | 2,826,000 | 1,591,000 | -4,469,000 | -3,584,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 192,000 | 122,000 | -1,338,000 | 261,000 | -871,000 | -2,589,000 | -4,428,000 | 4,643,000 | 4,961,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 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 | -117,000 | 25,000 | 134,000 | 0 | -34,000 | -23,000 | -64,000 | -37,000 | 0 |
| cash flow from financing | 75,000 | 147,000 | -1,204,000 | 261,000 | -905,000 | -2,612,000 | -1,492,000 | 4,606,000 | 5,111,000 |
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 1,000 | 0 | -13,000 | 13,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,000 | 6,000 |
| change in cash | 0 | 0 | 0 | 0 | 1,000 | 0 | -13,000 | 19,000 | -6,000 |
sonova service center uk limited Credit Report and Business Information
Sonova Service Center Uk Limited Competitor Analysis
Perform a competitor analysis for sonova service center uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WA1 area or any other competitors across 12 key performance metrics.
sonova service center uk limited Ownership
SONOVA SERVICE CENTER UK LIMITED group structure
Sonova Service Center Uk Limited has no subsidiary companies.
Ultimate parent company
SONOVA AG
#0075318
1 parent
SONOVA SERVICE CENTER UK LIMITED
09174185
sonova service center uk limited directors
Sonova Service Center Uk Limited currently has 2 directors. The longest serving directors include Mr Martin Heierle (Aug 2021) and Ms Karin Jones (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Heierle | 47 years | Aug 2021 | - | Director | |
| Ms Karin Jones | 50 years | Oct 2021 | - | Director |
P&L
March 2023turnover
13.2m
-2%
operating profit
265k
-76%
gross margin
21.7%
-35.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.8m
-0.44%
total assets
6m
-0.27%
cash
1k
0%
net assets
Total assets minus all liabilities
Similar Companies
sonova service center uk limited company details
company number
09174185
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
August 2014
age
10
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
sonova house lakeside drive, center park, warrington, cheshire, WA1 1RX
accountant
-
auditor
MAZARS LLP
sonova service center 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 sonova service center uk limited.
sonova service center uk limited Companies House Filings - See Documents
| date | description | view/download |
|---|
