verso damage management solutions ltd
verso damage management solutions ltd Company Information
Company Number
10237379
Next Accounts
11 days late
Shareholders
davies group limited
Group Structure
View All
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
5th floor 20 gracechurch street, london, EC3V 0BG
Website
www.versodms.co.ukverso damage management solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of VERSO DAMAGE MANAGEMENT SOLUTIONS LTD at £4.8m based on a Turnover of £12.8m and 0.38x industry multiple (adjusted for size and gross margin).
verso damage management solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of VERSO DAMAGE MANAGEMENT SOLUTIONS LTD at £2.2m based on an EBITDA of £680.4k and a 3.19x industry multiple (adjusted for size and gross margin).
verso damage management solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of VERSO DAMAGE MANAGEMENT SOLUTIONS LTD at £2.9m based on Net Assets of £1.2m and 2.36x industry multiple (adjusted for liquidity).
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Verso Damage Management Solutions Ltd Overview
Verso Damage Management Solutions Ltd is a live company located in london, EC3V 0BG with a Companies House number of 10237379. It operates in the other engineering activities sector, SIC Code 71129. Founded in June 2016, it's largest shareholder is davies group limited with a 100% stake. Verso Damage Management Solutions Ltd is a young, mid sized company, Pomanda has estimated its turnover at £12.8m with rapid growth in recent years.
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Verso Damage Management Solutions Ltd Health Check
Pomanda's financial health check has awarded Verso Damage Management Solutions Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
1 Weak
Size
annual sales of £12.8m, make it larger than the average company (£3.1m)
£12.8m - Verso Damage Management Solutions Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 162%, show it is growing at a faster rate (4.8%)
- Verso Damage Management Solutions Ltd
4.8% - Industry AVG
Production
with a gross margin of 6.5%, this company has a higher cost of product (34.5%)
6.5% - Verso Damage Management Solutions Ltd
34.5% - Industry AVG
Profitability
an operating margin of 5.3% make it as profitable than the average company (6.4%)
5.3% - Verso Damage Management Solutions Ltd
6.4% - Industry AVG
Employees
with 59 employees, this is above the industry average (26)
- Verso Damage Management Solutions Ltd
26 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£54k)
- Verso Damage Management Solutions Ltd
£54k - Industry AVG
Efficiency
resulting in sales per employee of £217.4k, this is more efficient (£124.2k)
- Verso Damage Management Solutions Ltd
£124.2k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (68 days)
30 days - Verso Damage Management Solutions Ltd
68 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (27 days)
34 days - Verso Damage Management Solutions Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Verso Damage Management Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (18 weeks)
24 weeks - Verso Damage Management Solutions Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59%, this is a similar level of debt than the average (57.3%)
59% - Verso Damage Management Solutions Ltd
57.3% - Industry AVG
VERSO DAMAGE MANAGEMENT SOLUTIONS LTD financials
Verso Damage Management Solutions Ltd's latest turnover from June 2023 is £12.8 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Verso Damage Management Solutions Ltd has 59 employees and maintains cash reserves of £854.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 12,824,878 | 10,892,994 | 5,523,124 | ||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 11,991,468 | 10,155,326 | 5,274,992 | ||||
| Gross Profit | 833,410 | 737,668 | 248,132 | ||||
| Admin Expenses | 153,040 | 141,735 | 260,290 | ||||
| Operating Profit | 680,370 | 595,933 | -12,158 | ||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | 680,370 | 595,933 | -12,158 | ||||
| Tax | -2,632 | -45,059 | 2,025 | ||||
| Profit After Tax | 677,738 | 550,874 | -10,133 | ||||
| Dividends Paid | |||||||
| Retained Profit | 677,738 | 550,874 | -10,133 | ||||
| Employee Costs | 102,839 | 115,699 | |||||
| Number Of Employees | 2 | 2 | 1 | 1 | 1 | ||
| EBITDA* | 680,370 | 595,933 | -12,158 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | |||||||
| Stock & work in progress | |||||||
| Trade Debtors | 1,068,888 | 892,682 | 342,310 | 265,922 | 179,527 | 43,885 | |
| Group Debtors | 804,390 | 250,000 | |||||
| Misc Debtors | 288,979 | 66,161 | 62,869 | 151,471 | 9,068 | 6,696 | 805 |
| Cash | 854,905 | 892,328 | 520,820 | 109,407 | 144,770 | 16,084 | 9,364 |
| misc current assets | 2,261 | ||||||
| total current assets | 3,017,162 | 2,101,171 | 925,999 | 526,800 | 333,365 | 66,665 | 12,430 |
| total assets | 3,017,162 | 2,101,171 | 925,999 | 526,800 | 333,365 | 66,665 | 12,430 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 1,121,509 | 1,091,688 | 529,207 | 243,736 | 196,287 | 27,836 | 6,871 |
| Group/Directors Accounts | 66,188 | ||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 657,121 | 448,689 | 386,872 | 263,011 | 180,923 | 2,859 | 32,688 |
| total current liabilities | 1,778,630 | 1,540,377 | 916,079 | 506,747 | 377,210 | 96,883 | 39,559 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 1,778,630 | 1,540,377 | 916,079 | 506,747 | 377,210 | 96,883 | 39,559 |
| net assets | 1,238,532 | 560,794 | 9,920 | 20,053 | -43,845 | -30,218 | -27,129 |
| total shareholders funds | 1,238,532 | 560,794 | 9,920 | 20,053 | -43,845 | -30,218 | -27,129 |
| Jun 2023 | Jun 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 680,370 | 595,933 | -12,158 | ||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | -2,632 | -45,059 | 2,025 | ||||
| Stock | |||||||
| Debtors | 953,414 | 803,664 | -12,214 | 228,798 | 138,014 | 49,776 | 805 |
| Creditors | 29,821 | 562,481 | 285,471 | 47,449 | 168,451 | 20,965 | 6,871 |
| Accruals and Deferred Income | 208,432 | 61,817 | 123,861 | 82,088 | 178,064 | -29,829 | 32,688 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -37,423 | 371,508 | 411,413 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -66,188 | 66,188 | |||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -37,423 | 371,508 | 411,413 | -35,363 | 128,686 | 6,720 | 9,364 |
| overdraft | |||||||
| change in cash | -37,423 | 371,508 | 411,413 | -35,363 | 128,686 | 6,720 | 9,364 |
verso damage management solutions ltd Credit Report and Business Information
Verso Damage Management Solutions Ltd Competitor Analysis
Perform a competitor analysis for verso damage management solutions ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.
verso damage management solutions ltd Ownership
VERSO DAMAGE MANAGEMENT SOLUTIONS LTD group structure
Verso Damage Management Solutions Ltd has no subsidiary companies.
Ultimate parent company
DAVIES BIDCO LTD
#0127498
2 parents
VERSO DAMAGE MANAGEMENT SOLUTIONS LTD
10237379
verso damage management solutions ltd directors
Verso Damage Management Solutions Ltd currently has 3 directors. The longest serving directors include Ms Allison Carr (Oct 2024) and Ms Amber Wilkinson (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Allison Carr | United Kingdom | 54 years | Oct 2024 | - | Director |
| Ms Amber Wilkinson | United Kingdom | 45 years | Jan 2025 | - | Director |
| Mr Matthew Button | United Kingdom | 37 years | Jan 2025 | - | Director |
P&L
June 2023turnover
12.8m
+18%
operating profit
680.4k
+14%
gross margin
6.5%
-4.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.2m
+1.21%
total assets
3m
+0.44%
cash
854.9k
-0.04%
net assets
Total assets minus all liabilities
verso damage management solutions ltd company details
company number
10237379
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
5th floor 20 gracechurch street, london, EC3V 0BG
Bank
-
Legal Advisor
-
verso damage management solutions ltd 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 verso damage management solutions ltd.
verso damage management solutions ltd 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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verso damage management solutions ltd Companies House Filings - See Documents
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