Pomanda estimates the enterprise value of SCOTTISH WIDOWS SERVICES LIMITED at £1.7b based on a Turnover of £982.7m and 1.75x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SCOTTISH WIDOWS SERVICES LIMITED at £326.2m based on an EBITDA of £29.4m and a 11.12x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SCOTTISH WIDOWS SERVICES LIMITED at £839.4m based on Net Assets of £407.3m and 2.06x industry multiple (adjusted for liquidity).
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Scottish Widows Services LimitedOverview
Scottish Widows Services Limited is a live company located in edinburgh, EH1 1YZ with a Companies House number of SC189975. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in September 1998, it's largest shareholder is
lloyds bank plc
with a 100% stake. Scottish Widows Services Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£982.7m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Scottish Widows Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
2 Regular
2 Weak
Size
annual sales of £982.7m, make it larger than the average company (£1.7m)
£982.7m - Scottish Widows Services Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7%)
6% - Scottish Widows Services Limited
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Scottish Widows Services Limited
100% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (10.4%)
1.6% - Scottish Widows Services Limited
10.4% - Industry AVG
Employees
with 1911 employees, this is above the industry average (9)
1911 - Scottish Widows Services Limited
9 - Industry AVG
Pay Structure
on an average salary of £77.5k, the company has a higher pay structure (£59.8k)
£77.5k - Scottish Widows Services Limited
£59.8k - Industry AVG
Efficiency
resulting in sales per employee of £514.2k, this is more efficient (£124.2k)
£514.2k - Scottish Widows Services Limited
£124.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Scottish Widows Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Scottish Widows Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Scottish Widows Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 60 weeks, this is more cash available to meet short term requirements (42 weeks)
60 weeks - Scottish Widows Services Limited
42 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.7%, this is a lower level of debt than the average (55.3%)
34.7% - Scottish Widows Services Limited
55.3% - Industry AVG
SCOTTISH WIDOWS SERVICES LIMITED financials
EXPORT
Scottish Widows Services Limited's latest turnover from December 2023 is £982.7 million and the company has net assets of £407.3 million. According to their latest financial statements, Scottish Widows Services Limited has 1,911 employees and maintains cash reserves of £201.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
982,674,000
990,626,000
881,609,000
823,998,000
842,339,000
819,949,000
806,422,000
908,780,000
823,397,000
960,451,000
831,054,000
629,338,000
474,295,000
464,552,000
391,420,000
Other Income Or Grants
Cost Of Sales
230,433,245
362,698,524
301,642,723
205,147,382
172,277,102
161,853,787
Gross Profit
982,674,000
990,626,000
881,609,000
823,998,000
842,339,000
819,949,000
806,422,000
908,780,000
592,963,755
597,752,476
529,411,277
424,190,618
302,017,898
302,698,213
Admin Expenses
966,753,000
969,385,000
855,440,000
886,886,000
798,148,000
849,300,000
870,436,000
828,989,000
520,788,755
322,451,476
516,062,277
404,846,618
272,188,898
191,241,213
-10,787,000
Operating Profit
15,921,000
21,241,000
26,169,000
-62,888,000
44,191,000
-29,351,000
-64,014,000
79,791,000
72,175,000
275,301,000
13,349,000
19,344,000
29,829,000
111,457,000
10,787,000
Interest Payable
32,000,000
37,100,000
43,800,000
43,800,000
42,200,000
38,746,000
38,146,000
40,548,000
39,519,000
36,376,000
Interest Receivable
31,600,000
33,700,000
41,500,000
44,600,000
51,700,000
41,126,000
39,668,000
48,734,000
43,337,000
38,222,000
Pre-Tax Profit
21,090,000
24,368,000
26,224,000
-62,584,000
45,781,000
-27,543,000
-63,623,000
80,750,000
74,005,000
275,770,000
14,019,000
19,524,000
30,170,000
111,732,000
11,047,000
Tax
-7,719,000
-4,924,000
-2,154,000
12,284,000
-7,724,000
6,021,000
10,790,000
-16,638,000
-13,117,000
-60,120,000
-3,001,000
-4,013,000
-6,478,000
-35,510,000
-4,293,000
Profit After Tax
13,371,000
19,444,000
24,070,000
-50,300,000
38,057,000
-21,522,000
-52,833,000
64,112,000
60,888,000
215,650,000
11,018,000
15,511,000
23,692,000
76,222,000
6,754,000
Dividends Paid
Retained Profit
13,371,000
19,444,000
24,070,000
-50,300,000
38,057,000
-21,522,000
-52,833,000
64,112,000
60,888,000
215,650,000
11,018,000
15,511,000
23,692,000
76,222,000
6,754,000
Employee Costs
148,089,000
119,424,000
125,136,000
138,774,000
190,107,000
181,934,000
190,123,000
190,474,000
204,194,000
156,686,000
263,477,000
312,509,000
261,541,000
169,660,000
237,651,000
Number Of Employees
1,911
1,873
1,922
2,285
2,970
2,520
2,506
2,692
2,675
2,697
2,497
6,333
3,274
3,029
3,172
EBITDA*
29,351,000
43,154,000
52,701,000
-36,465,000
76,553,000
7,539,000
-27,535,000
115,918,000
106,714,000
306,471,000
45,340,000
53,563,000
58,762,000
141,942,000
36,406,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
210,388,000
235,199,000
114,258,000
549,600,000
277,994,000
122,299,000
45,163,000
49,594,000
36,418,000
44,323,000
110,696,000
65,369,000
137,519,000
110,095,000
43,428,000
Intangible Assets
7,561,000
20,991,000
405,358,000
69,436,000
95,859,000
131,344,000
168,305,000
160,315,000
150,069,000
136,678,000
111,671,000
124,151,000
147,972,000
110,099,000
77,268,000
Investments & Other
Debtors (Due After 1 year)
210,388,000
235,199,000
114,258,000
274,800,000
138,997,000
Total Fixed Assets
217,949,000
256,190,000
519,616,000
344,236,000
234,856,000
253,643,000
213,468,000
209,909,000
186,487,000
181,001,000
222,367,000
189,520,000
285,491,000
220,194,000
120,696,000
Stock & work in progress
Trade Debtors
5,692,000
4,041,000
Group Debtors
178,752,000
116,110,000
88,551,000
83,271,000
193,767,000
380,918,000
377,515,000
239,757,000
215,705,000
275,980,000
143,983,000
94,128,000
67,919,000
Misc Debtors
25,766,000
18,332,000
8,583,000
6,869,000
5,832,000
4,535,000
7,902,000
3,588,000
9,197,000
33,375,000
12,164,000
26,195,000
37,193,000
Cash
201,304,000
235,750,000
234,738,000
159,203,000
161,481,000
149,914,000
98,913,000
278,563,000
310,690,000
324,480,000
295,657,000
156,631,000
52,694,000
136,656,000
97,397,000
misc current assets
45,233,000
total current assets
405,822,000
370,192,000
234,738,000
287,636,000
272,434,000
355,205,000
488,407,000
663,980,000
554,035,000
549,382,000
605,012,000
312,778,000
173,017,000
241,768,000
142,630,000
total assets
623,771,000
626,382,000
754,354,000
631,872,000
507,290,000
608,848,000
701,875,000
873,889,000
740,522,000
730,383,000
827,379,000
502,298,000
458,508,000
461,962,000
263,326,000
Bank overdraft
Bank loan
Trade Creditors
125,463,000
87,032,000
Group/Directors Accounts
other short term finances
103,000
hp & lease commitments
other current liabilities
47,273,000
69,265,000
173,031,000
509,186,000
395,135,000
473,433,000
606,442,000
778,379,000
646,672,000
638,091,000
734,092,000
442,223,000
338,793,000
366,439,000
224,995,000
total current liabilities
172,736,000
156,297,000
173,031,000
509,186,000
395,135,000
473,433,000
606,442,000
778,379,000
646,672,000
638,091,000
734,092,000
442,223,000
338,793,000
366,439,000
225,098,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
87,498,000
91,488,000
151,266,000
32,330,000
60,130,000
53,160,000
52,160,000
88,760,000
total long term liabilities
43,749,000
45,744,000
75,633,000
16,165,000
30,065,000
26,580,000
26,080,000
44,380,000
total liabilities
216,485,000
202,041,000
248,664,000
509,186,000
395,135,000
473,433,000
606,442,000
778,379,000
646,672,000
638,091,000
750,257,000
472,288,000
365,373,000
392,519,000
269,478,000
net assets
407,286,000
424,341,000
505,690,000
122,686,000
112,155,000
135,415,000
95,433,000
95,510,000
93,850,000
92,292,000
77,122,000
30,010,000
93,135,000
69,443,000
-6,152,000
total shareholders funds
407,286,000
424,341,000
505,690,000
122,686,000
112,155,000
135,415,000
95,433,000
95,510,000
93,850,000
92,292,000
77,122,000
30,010,000
93,135,000
69,443,000
-6,152,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
15,921,000
21,241,000
26,169,000
-62,888,000
44,191,000
-29,351,000
-64,014,000
79,791,000
72,175,000
275,301,000
13,349,000
19,344,000
29,829,000
111,457,000
10,787,000
Depreciation
439,000
418,000
473,000
1,205,000
3,506,000
5,019,000
6,834,000
7,802,000
6,970,000
Amortisation
13,430,000
21,913,000
26,532,000
26,423,000
32,362,000
36,890,000
36,040,000
35,709,000
34,066,000
29,965,000
28,485,000
29,200,000
22,099,000
22,683,000
18,649,000
Tax
-7,719,000
-4,924,000
-2,154,000
12,284,000
-7,724,000
6,021,000
10,790,000
-16,638,000
-13,117,000
-60,120,000
-3,001,000
-4,013,000
-6,478,000
-35,510,000
-4,293,000
Stock
Debtors
45,265,000
255,383,000
-257,676,000
142,797,000
23,846,000
-184,203,000
4,077,000
142,072,000
18,443,000
-84,453,000
153,208,000
35,824,000
15,211,000
105,112,000
Creditors
38,431,000
87,032,000
Accruals and Deferred Income
-21,992,000
-103,766,000
-336,155,000
114,051,000
-78,298,000
-133,009,000
-171,937,000
131,707,000
8,581,000
-96,001,000
291,869,000
103,430,000
-27,646,000
141,444,000
224,995,000
Deferred Taxes & Provisions
-3,990,000
-59,778,000
151,266,000
-32,330,000
-27,800,000
6,970,000
1,000,000
-36,600,000
88,760,000
Cash flow from operations
-11,184,000
-293,665,000
123,334,000
-52,927,000
-33,315,000
64,754,000
-192,759,000
88,915,000
83,735,000
202,473,000
153,200,000
124,126,000
10,427,000
106,164,000
345,868,000
Investing Activities
capital expenditure
24,811,000
241,513,000
72,888,000
-271,606,000
-152,572,000
-77,065,000
-40,038,000
-59,549,000
-40,025,000
10,196,000
-64,838,000
61,752,000
-94,230,000
-129,983,000
-146,315,000
Change in Investments
cash flow from investments
24,811,000
241,513,000
72,888,000
-271,606,000
-152,572,000
-77,065,000
-40,038,000
-59,549,000
-40,025,000
10,196,000
-64,838,000
61,752,000
-94,230,000
-129,983,000
-146,315,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-103,000
103,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-30,426,000
-100,793,000
358,934,000
60,831,000
-61,317,000
61,504,000
52,756,000
-62,452,000
-59,330,000
-200,480,000
36,094,000
-78,636,000
-627,000
-12,906,000
interest
-400,000
-3,400,000
-2,300,000
800,000
9,500,000
2,380,000
1,522,000
8,186,000
3,818,000
1,846,000
cash flow from financing
-30,426,000
-100,793,000
358,934,000
60,831,000
-61,317,000
61,104,000
49,356,000
-64,752,000
-58,530,000
-190,980,000
38,474,000
-77,114,000
8,186,000
3,088,000
-10,957,000
cash and cash equivalents
cash
-34,446,000
1,012,000
75,535,000
-2,278,000
11,567,000
51,001,000
-179,650,000
-32,127,000
-13,790,000
28,823,000
139,026,000
103,937,000
-83,962,000
39,259,000
97,397,000
overdraft
change in cash
-34,446,000
1,012,000
75,535,000
-2,278,000
11,567,000
51,001,000
-179,650,000
-32,127,000
-13,790,000
28,823,000
139,026,000
103,937,000
-83,962,000
39,259,000
97,397,000
scottish widows services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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scottish widows services limited Ownership
SCOTTISH WIDOWS SERVICES LIMITED group structure
Scottish Widows Services Limited has no subsidiary companies.
The sole shareholder of Scottish Widows Services Limited is Lloyds Bank Plc.
lloyds bank plc
100%
scottish widows services limited directors
Scottish Widows Services Limited currently has 2 directors.
The longest serving directors include
Mr Donald MacKechnie (Oct 2020) and
Mrs Rachel Messenger (Dec 2022).
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 scottish widows services limited.
scottish widows 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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scottish widows services limitedCompanies House Filings - See Documents
