Iain Service & Company Limited

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iain service & company limited Company Information

Live

MatureSmallHigh

Company Number

SC229358

Website

Registered Address

1 dashwood square, newton stewart, DG8 6EQ

Industry

Raising of dairy cattle

Raising of sheep and goats

Telephone

Next Accounts Due

February 2025

Group Structure

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Directors

Roseanne Service22 Years

William Service22 Years

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Shareholders

rosanne service 37%

william iain service 37%

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iain service & company limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of IAIN SERVICE & COMPANY LIMITED at £4.5m based on Net Assets of £3.1m and 1.45x industry multiple (adjusted for liquidity).

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Iain Service & Company Limited is a live company located in newton stewart, DG8 6EQ with a Companies House number of SC229358. It operates in the raising of dairy cattle sector, SIC Code 01410. Founded in March 2002, it's largest shareholder is rosanne service with a 37% stake. Iain Service & Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with high growth in recent years.

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Pomanda's financial health check has awarded Iain Service & Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £3.8m, make it larger than the average company (£838.2k)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.1%)

EXPORT

Iain Service & Company Limited's latest turnover from May 2023 is estimated at £3.8 million and the company has net assets of £3.1 million. According to their latest financial statements, Iain Service & Company Limited has 12 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	3,760,307	2,531,846	1,765,423	2,097,739	1,754,935	1,766,535	1,517,105	1,104,597	3,275,906	1,083,909	1,634,338	1,138,870	1,156,202	218,513
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,849,660	1,797,486	1,156,833	1,200,944	1,059,921	1,385,764	967,492	786,769	2,245,692	609,087	985,683	632,352	633,150	107,904
Gross Profit	910,647	734,360	608,590	896,795	695,014	380,771	549,613	317,828	1,030,214	474,822	648,655	506,517	523,052	110,609
Admin Expenses	124,905	61,134	44,851	396,351	121,548	252,406	457,741	533,353	736,821	544,726	292,176	312,782	138,073	-1,125,461
Operating Profit	785,742	673,226	563,739	500,444	573,466	128,365	91,872	-215,525	293,393	-69,904	356,479	193,735	384,979	1,236,070
Interest Payable	342,190	242,829	141,865	73,027	96,735	97,285	97,680	52,139	32,500	65,000	65,000	65,000	70,153	37,653
Interest Receivable	152,252	17,830	88	88	1	1	0	1	1	1	37	36	0	0
Pre-Tax Profit	595,804	448,227	421,962	427,505	476,731	31,081	-5,807	-267,664	260,894	-134,903	291,516	128,771	314,826	1,198,417
Tax	-148,951	-85,163	-80,173	-81,226	-90,579	-5,905	0	0	-52,179	0	-67,049	-30,905	-81,855	-335,557
Profit After Tax	446,853	363,064	341,789	346,279	386,152	25,176	-5,807	-267,664	208,715	-134,903	224,467	97,866	232,971	862,860
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	446,853	363,064	341,789	346,279	386,152	25,176	-5,807	-267,664	208,715	-134,903	224,467	97,866	232,971	862,860
Employee Costs	347,934	388,252	332,143	344,085	335,483	297,456	285,947	254,060	737,797	265,434	414,875	310,158	253,651	69,605
Number Of Employees	12	14	12	12	12	11	12	11	28	11	18	14	11	3
EBITDA*	1,114,720	948,323	824,776	804,127	924,283	488,119	494,992	246,902	827,568	349,098	698,964	422,782	545,333	1,339,354

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	2,510,088	2,193,415	2,018,104	2,258,999	2,530,538	2,646,793	2,898,900	3,231,517	3,616,920	3,013,032	2,405,454	1,777,351	1,356,187	1,048,819
Intangible Assets	0	0	0	0	0	0	0	0	8,674	13,011	1	40,925	81,849	122,773
Investments & Other	16,400	14,370	13,296	12,963	11,269	9,906	7,892	5,833	4,164	364,416	970,368	1,460,402	1,111,641	658,925
Debtors (Due After 1 year)	0	0	2,277,382	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,526,488	2,207,785	4,308,782	2,271,962	2,541,807	2,656,699	2,906,792	3,237,350	3,629,758	3,390,459	3,375,823	3,278,678	2,549,677	1,830,517
Stock & work in progress	780,630	723,650	713,450	901,515	756,900	707,075	732,075	631,100	791,890	391,660	437,750	399,700	393,410	372,960
Trade Debtors	426,317	234,771	172,412	200,342	166,086	159,040	159,727	77,174	135,547	85,102	93,619	87,450	15,600	899
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	285,577	85,362	1,254,447	20,145	19,645	45,028	23,902	22,663	0	0	0	0	40,910	0
Cash	3,200,798	3,565,966	0	175,621	0	166	119	119	119	119	119	14,558	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,693,322	4,609,749	2,140,309	1,297,623	942,631	911,309	915,823	731,056	927,556	476,881	531,488	501,708	449,920	373,859
total assets	7,219,810	6,817,534	6,449,091	3,569,585	3,484,438	3,568,008	3,822,615	3,968,406	4,557,314	3,867,340	3,907,311	3,780,386	2,999,597	2,204,376
Bank overdraft	0	0	367,892	0	394,324	471,912	521,459	604,290	0	0	0	0	0	1,158,558
Bank loan	18,971	98,971	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	371,504	246,040	182,888	316,572	196,742	160,111	130,309	54,544	1,001,794	254,758	821,012	628,512	808,630	139,681
Group/Directors Accounts	0	0	0	0	12,566	623,559	870,442	993,595	935,154	1,289,850	575,230	848,898	0	366
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	54,464	15,938	13,753	18,337	66,227	8,607	24,095	22,797	0	0	0	0	0	3,368
other current liabilities	173,014	398,511	137,292	78,269	41,057	27,018	26,640	25,215	0	0	0	0	0	0
total current liabilities	617,953	759,460	701,825	413,178	698,350	1,291,207	1,572,945	1,700,441	1,936,948	1,544,608	1,396,242	1,477,410	808,630	1,301,973
loans	3,212,292	3,187,676	3,283,418	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	0	1,000,000	1,000,000	1,000,000	1,000,000	0
hp & lease commitments	18,192	16,626	0	13,753	32,090	2,823	11,430	25,334	0	0	12,311	43,000	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	1,048,130	0	0	0	0	0
provisions	243,015	172,267	145,407	166,002	123,625	29,757	19,195	17,779	79,720	38,931	80,054	65,739	94,596	39,003
total long term liabilities	3,473,499	3,376,569	3,428,825	1,179,755	1,155,715	1,032,580	1,030,625	1,043,113	1,127,850	1,038,931	1,092,365	1,108,739	1,094,596	39,003
total liabilities	4,091,452	4,136,029	4,130,650	1,592,933	1,854,065	2,323,787	2,603,570	2,743,554	3,064,798	2,583,539	2,488,607	2,586,149	1,903,226	1,340,976
net assets	3,128,358	2,681,505	2,318,441	1,976,652	1,630,373	1,244,221	1,219,045	1,224,852	1,492,516	1,283,801	1,418,704	1,194,237	1,096,371	863,400
total shareholders funds	3,128,358	2,681,505	2,318,441	1,976,652	1,630,373	1,244,221	1,219,045	1,224,852	1,492,516	1,283,801	1,418,704	1,194,237	1,096,371	863,400

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	785,742	673,226	563,739	500,444	573,466	128,365	91,872	-215,525	293,393	-69,904	356,479	193,735	384,979	1,236,070
Depreciation	328,978	275,097	261,037	303,683	350,817	359,754	403,120	462,427	529,838	414,664	301,561	188,123	119,430	62,360
Amortisation	0	0	0	0	0	0	0	0	4,337	4,338	40,924	40,924	40,924	40,924
Tax	-148,951	-85,163	-80,173	-81,226	-90,579	-5,905	0	0	-52,179	0	-67,049	-30,905	-81,855	-335,557
Stock	56,980	10,200	-188,065	144,615	49,825	-25,000	100,975	-160,790	400,230	-46,090	38,050	6,290	20,450	372,960
Debtors	391,761	-3,384,108	3,483,754	34,756	-18,337	20,439	83,792	-35,710	50,445	-8,517	6,169	30,940	55,611	899
Creditors	125,464	63,152	-133,684	119,830	36,631	29,802	75,765	-947,250	747,036	-566,254	192,500	-180,118	668,949	139,681
Accruals and Deferred Income	-225,497	261,219	59,023	37,212	14,039	378	1,425	25,215	0	0	0	0	0	0
Deferred Taxes & Provisions	70,748	26,860	-20,595	42,377	93,868	10,562	1,416	-61,941	40,789	-41,123	14,315	-28,857	55,593	39,003
Cash flow from operations	487,743	4,588,299	-2,646,342	742,949	946,754	527,517	388,831	-540,574	1,112,539	-203,672	794,511	145,672	1,111,959	808,622
Investing Activities
capital expenditure	-645,651	-450,408	-20,142	-32,144	-234,562	-107,647	-70,503	-68,350	-1,133,726	-1,039,590	-929,664	-609,287	-426,798	-1,274,876
Change in Investments	2,030	1,074	333	1,694	1,363	2,014	2,059	1,669	-360,252	-605,952	-490,034	348,761	452,716	658,925
cash flow from investments	-647,681	-451,482	-20,475	-33,838	-235,925	-109,661	-72,562	-70,019	-773,474	-433,638	-439,630	-958,048	-879,514	-1,933,801
Financing Activities
Bank loans	-80,000	98,971	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-12,566	-610,993	-246,883	-123,153	58,441	-354,696	714,620	-273,668	848,898	-366	366
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	24,616	-95,742	2,283,418	0	0	0	0	1,000,000	-1,000,000	0	0	0	1,000,000	0
Hire Purchase and Lease Commitments	40,092	18,811	-18,337	-66,227	86,887	-24,095	-12,606	48,131	0	-12,311	-30,689	43,000	-3,368	3,368
other long term liabilities	0	0	0	0	0	0	0	-1,048,130	1,048,130	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	540
interest	-189,938	-224,999	-141,777	-72,939	-96,734	-97,284	-97,680	-52,138	-32,499	-64,999	-64,963	-64,964	-70,153	-37,653
cash flow from financing	-205,230	-202,959	2,123,304	-151,732	-620,840	-368,262	-233,439	6,304	-339,065	637,310	-369,320	826,934	926,113	-33,379
cash and cash equivalents
cash	-365,168	3,565,966	-175,621	175,621	-166	47	0	0	0	0	-14,439	14,558	0	0
overdraft	0	-367,892	367,892	-394,324	-77,588	-49,547	-82,831	604,290	0	0	0	0	-1,158,558	1,158,558
change in cash	-365,168	3,933,858	-543,513	569,945	77,422	49,594	82,831	-604,290	0	0	-14,439	14,558	1,158,558	-1,158,558

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for iain service & company limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in DG8 area or any other competitors across 12 key performance metrics.

IAIN SERVICE & COMPANY LIMITED group structure

Iain Service & Company Limited has no subsidiary companies.

Ultimate parent company

IAIN SERVICE & COMPANY LIMITED

SC229358

IAIN SERVICE & COMPANY LIMITED Shareholders

rosanne service	37.04%
william iain service	37.04%
andrew gordon service	14.81%
charlotte rose service	11.11%

Iain Service & Company Limited currently has 4 directors. The longest serving directors include Mrs Roseanne Service (Mar 2002) and Mr William Service (Mar 2002).

officer	country	age	start	end	role
Mrs Roseanne Service	Scotland	63 years	Mar 2002	-	Director
Mr William Service	Scotland	61 years	Mar 2002	-	Director
Mr Andrew Service		27 years	Aug 2023	-	Director
Ms Charlotte Service		23 years	Aug 2023	-	Director

P&L

May 2023

turnover

3.8m

+49%

operating profit

785.7k

gross margin

24.3%

-16.51%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2023

net assets

3.1m

+0.17%

total assets

7.2m

+0.06%

cash

3.2m

-0.1%

net assets

Total assets minus all liabilities

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company number

SC229358

Type

Private limited with Share Capital

industry

01410 - Raising of dairy cattle

01450 - Raising of sheep and goats

incorporation date

March 2002

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

1 dashwood square, newton stewart, DG8 6EQ

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 found 2 charges/mortgages relating to iain service & company limited. Currently there are 2 open charges and 0 have been satisfied in the past.

iain service & company limited Company Information

iain service & company limited Estimated Valuation

iain service & company limited Estimated Valuation

iain service & company limited Estimated Valuation

Iain Service & Company Limited Overview

Iain Service & Company Limited Health Check

IAIN SERVICE & COMPANY LIMITED financials

iain service & company limited Credit Report and Business Information

Iain Service & Company Limited Competitor Analysis

iain service & company limited Ownership

iain service & company limited directors

iain service & company limited company details

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iain service & company limited Companies House Filings - See Documents