pennon water services limited
pennon water services limited Company Information
Company Number
09902835
Next Accounts
Dec 2025
Shareholders
pennon group plc
south staffordshire plc
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
peninsula house rydon lane, exeter, EX2 7HR
Website
www.pennon-group.co.ukpennon water services limited Estimated Valuation
Pomanda estimates the enterprise value of PENNON WATER SERVICES LIMITED at £284.3m based on a Turnover of £233.8m and 1.22x industry multiple (adjusted for size and gross margin).
pennon water services limited Estimated Valuation
Pomanda estimates the enterprise value of PENNON WATER SERVICES LIMITED at £65.7m based on an EBITDA of £7.4m and a 8.9x industry multiple (adjusted for size and gross margin).
pennon water services limited Estimated Valuation
Pomanda estimates the enterprise value of PENNON WATER SERVICES LIMITED at £15.7m based on Net Assets of £7.4m and 2.13x industry multiple (adjusted for liquidity).
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Pennon Water Services Limited Overview
Pennon Water Services Limited is a live company located in exeter, EX2 7HR with a Companies House number of 09902835. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2015, it's largest shareholder is pennon group plc with a 80% stake. Pennon Water Services Limited is a established, mega sized company, Pomanda has estimated its turnover at £233.8m with healthy growth in recent years.
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Pennon Water Services Limited Health Check
Pomanda's financial health check has awarded Pennon Water Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £233.8m, make it larger than the average company (£3.7m)
£233.8m - Pennon Water Services Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.2%)
15% - Pennon Water Services Limited
8.2% - Industry AVG
Production
with a gross margin of 38%, this company has a comparable cost of product (38%)
38% - Pennon Water Services Limited
38% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (5.7%)
2.9% - Pennon Water Services Limited
5.7% - Industry AVG
Employees
with 143 employees, this is above the industry average (22)
143 - Pennon Water Services Limited
22 - Industry AVG
Pay Structure
on an average salary of £35.8k, the company has a lower pay structure (£46.5k)
£35.8k - Pennon Water Services Limited
£46.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£146k)
£1.6m - Pennon Water Services Limited
£146k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (36 days)
85 days - Pennon Water Services Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (33 days)
23 days - Pennon Water Services Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pennon Water Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (26 weeks)
12 weeks - Pennon Water Services Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (58.7%)
88.8% - Pennon Water Services Limited
58.7% - Industry AVG
PENNON WATER SERVICES LIMITED financials
Pennon Water Services Limited's latest turnover from March 2024 is £233.8 million and the company has net assets of £7.4 million. According to their latest financial statements, Pennon Water Services Limited has 143 employees and maintains cash reserves of £6.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 233,817,000 | 218,048,000 | 191,710,000 | 155,356,000 | 170,472,000 | 172,691,000 | 142,698,000 | 2,956,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 6,682,000 | 3,614,000 | 2,700,000 | 701,000 | -4,027,000 | 318,000 | 566,000 | |
| Interest Payable | 1,979,000 | 1,790,000 | 1,586,000 | 1,648,000 | 1,684,000 | 1,925,000 | 1,392,000 | |
| Interest Receivable | 2,000 | 6,000 | 53,000 | 31,000 | 1,000 | |||
| Pre-Tax Profit | 4,703,000 | 1,824,000 | 1,116,000 | -941,000 | -5,658,000 | -1,576,000 | -825,000 | |
| Tax | -1,195,000 | -270,000 | -40,000 | 180,000 | 1,080,000 | 289,000 | 162,000 | |
| Profit After Tax | 3,508,000 | 1,554,000 | 1,076,000 | -761,000 | -4,578,000 | -1,287,000 | -663,000 | |
| Dividends Paid | ||||||||
| Retained Profit | 3,508,000 | 1,554,000 | 1,076,000 | -761,000 | -4,578,000 | -1,287,000 | -663,000 | |
| Employee Costs | 5,120,000 | 4,788,000 | 4,541,000 | 3,896,000 | 3,294,000 | 2,607,000 | 1,742,000 | 1,924,000 |
| Number Of Employees | 143 | 134 | 134 | 124 | 113 | 104 | 81 | 59 |
| EBITDA* | 7,384,000 | 4,280,000 | 3,478,000 | 1,441,000 | -3,334,000 | 1,030,000 | 1,200,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 614,000 | 572,000 | 477,000 | 1,038,000 | 1,572,000 | 1,059,000 | 1,153,000 | 20,000 |
| Intangible Assets | 1,252,000 | 1,595,000 | 2,047,000 | 2,491,000 | 2,838,000 | 2,962,000 | 3,476,000 | |
| Investments & Other | 720,000 | 720,000 | 720,000 | 720,000 | 20,000 | |||
| Debtors (Due After 1 year) | 539,000 | 502,000 | 180,000 | 71,000 | 291,000 | |||
| Total Fixed Assets | 1,866,000 | 2,167,000 | 2,344,000 | 3,529,000 | 4,119,000 | 4,021,000 | 4,629,000 | 20,000 |
| Stock & work in progress | ||||||||
| Trade Debtors | 54,641,000 | 53,064,000 | 50,533,000 | 47,294,000 | 45,361,000 | 55,502,000 | 56,083,000 | |
| Group Debtors | 54,000 | 433,000 | 1,141,000 | 2,666,000 | 835,000 | 2,956,000 | ||
| Misc Debtors | 3,145,000 | 2,838,000 | 1,877,000 | 1,524,000 | 2,348,000 | 1,081,000 | 22,340,000 | 86,000 |
| Cash | 6,150,000 | 1,817,000 | 1,808,000 | 416,000 | 2,206,000 | 1,542,000 | 3,355,000 | 72,000 |
| misc current assets | 456,000 | 191,000 | ||||||
| total current assets | 63,936,000 | 57,773,000 | 55,158,000 | 49,821,000 | 51,909,000 | 61,247,000 | 62,627,000 | 3,114,000 |
| total assets | 65,802,000 | 59,940,000 | 57,502,000 | 53,350,000 | 56,028,000 | 65,268,000 | 67,256,000 | 3,134,000 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 9,287,000 | 9,009,000 | 6,580,000 | 5,938,000 | 4,489,000 | 4,924,000 | 4,520,000 | |
| Group/Directors Accounts | ||||||||
| other short term finances | 1,272,000 | |||||||
| hp & lease commitments | ||||||||
| other current liabilities | 16,577,000 | 14,606,000 | 14,879,000 | 13,717,000 | 17,083,000 | 20,306,000 | 21,386,000 | 3,034,000 |
| total current liabilities | 25,864,000 | 23,615,000 | 22,731,000 | 19,655,000 | 21,572,000 | 25,230,000 | 25,906,000 | 3,034,000 |
| loans | 65,174,000 | 65,174,000 | 32,587,000 | 26,070,000 | 26,070,000 | 26,870,000 | 33,587,000 | 100,000 |
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 6,517,000 | 6,517,000 | 6,717,000 | |||||
| provisions | 8,000 | 58,000 | ||||||
| total long term liabilities | 32,587,000 | 32,587,000 | 32,587,000 | 32,587,000 | 32,587,000 | 33,591,000 | 33,616,000 | 100,000 |
| total liabilities | 58,451,000 | 56,202,000 | 55,318,000 | 52,242,000 | 54,159,000 | 58,821,000 | 59,522,000 | 3,134,000 |
| net assets | 7,351,000 | 3,738,000 | 2,184,000 | 1,108,000 | 1,869,000 | 6,447,000 | 7,734,000 | |
| total shareholders funds | 7,351,000 | 3,738,000 | 2,184,000 | 1,108,000 | 1,869,000 | 6,447,000 | 7,734,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 6,682,000 | 3,614,000 | 2,700,000 | 701,000 | -4,027,000 | 318,000 | 566,000 | |
| Depreciation | 36,000 | 48,000 | 148,000 | 139,000 | 114,000 | 107,000 | 101,000 | |
| Amortisation | 666,000 | 618,000 | 630,000 | 601,000 | 579,000 | 605,000 | 533,000 | |
| Tax | -1,195,000 | -270,000 | -40,000 | 180,000 | 1,080,000 | 289,000 | 162,000 | |
| Stock | ||||||||
| Debtors | 1,867,000 | 3,868,000 | 3,268,000 | 181,000 | -10,108,000 | 168,000 | 56,039,000 | 3,042,000 |
| Creditors | 278,000 | 2,429,000 | 642,000 | 1,449,000 | -435,000 | 404,000 | 4,520,000 | |
| Accruals and Deferred Income | 1,971,000 | -273,000 | 1,162,000 | -3,366,000 | -3,223,000 | -1,080,000 | 18,352,000 | 3,034,000 |
| Deferred Taxes & Provisions | -8,000 | -50,000 | 58,000 | |||||
| Cash flow from operations | 6,571,000 | 2,298,000 | 1,974,000 | -477,000 | 4,188,000 | 425,000 | -31,747,000 | -8,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -720,000 | 700,000 | 20,000 | |||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | -1,272,000 | 1,272,000 | ||||||
| Long term loans | 32,587,000 | 6,517,000 | -800,000 | -6,717,000 | 33,487,000 | 100,000 | ||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -6,517,000 | -200,000 | 6,717,000 | |||||
| share issue | ||||||||
| interest | -1,979,000 | -1,790,000 | -1,584,000 | -1,642,000 | -1,631,000 | -1,894,000 | -1,391,000 | |
| cash flow from financing | -1,874,000 | 29,525,000 | -312,000 | -1,642,000 | -2,631,000 | -1,894,000 | 40,493,000 | 100,000 |
| cash and cash equivalents | ||||||||
| cash | 4,333,000 | 9,000 | 1,392,000 | -1,790,000 | 664,000 | -1,813,000 | 3,283,000 | 72,000 |
| overdraft | ||||||||
| change in cash | 4,333,000 | 9,000 | 1,392,000 | -1,790,000 | 664,000 | -1,813,000 | 3,283,000 | 72,000 |
pennon water services limited Credit Report and Business Information
Pennon Water Services Limited Competitor Analysis
Perform a competitor analysis for pennon water services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EX2 area or any other competitors across 12 key performance metrics.
pennon water services limited Ownership
PENNON WATER SERVICES LIMITED group structure
Pennon Water Services Limited has 1 subsidiary company.
Ultimate parent company
1 parent
PENNON WATER SERVICES LIMITED
09902835
1 subsidiary
pennon water services limited directors
Pennon Water Services Limited currently has 5 directors. The longest serving directors include Mr Richard Stanbrook (May 2020) and Mr Robert O'Malley (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Stanbrook | 57 years | May 2020 | - | Director | |
| Mr Robert O'Malley | England | 58 years | Jul 2020 | - | Director |
| Ms Susan Davy | United Kingdom | 55 years | Jul 2020 | - | Director |
| Mrs Charlotte Maher | United Kingdom | 44 years | Oct 2023 | - | Director |
| Ms Laura Flowerdew | England | 49 years | Jan 2024 | - | Director |
P&L
March 2024turnover
233.8m
+7%
operating profit
6.7m
+85%
gross margin
38%
-1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
7.4m
+0.97%
total assets
65.8m
+0.1%
cash
6.2m
+2.38%
net assets
Total assets minus all liabilities
Similar Companies
pennon water services limited company details
company number
09902835
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
peninsula house rydon lane, exeter, EX2 7HR
Bank
-
Legal Advisor
-
pennon water 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 pennon water services limited.
pennon water services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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pennon water services limited Companies House Filings - See Documents
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