Servtec Limited

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servtec limited Company Information

Live

MatureSmallRapid

Company Number

SC237941

Website

https://www.servtec-international.com

Registered Address

smallholm house hightae, lockerbie, dumfriesshire, DG11 1JY

Industry

Extraction of crude petroleum

Telephone

Next Accounts Due

July 2024

Group Structure

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Directors

Duncan Muirhead21 Years

Christine Muirhead10 Years

Shareholders

christine margaret muirhead 50%

duncan john muirhead 50%

servtec limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SERVTEC LIMITED at £1.1m based on a Turnover of £1.3m and 0.85x industry multiple (adjusted for size and gross margin).

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Servtec Limited is a live company located in dumfriesshire, DG11 1JY with a Companies House number of SC237941. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in October 2002, it's largest shareholder is christine margaret muirhead with a 50% stake. Servtec Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Servtec Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

3 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£45.6m)

Growth

3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (-2.9%)

EXPORT

Servtec Limited's latest turnover from October 2022 is estimated at £1.3 million and the company has net assets of £13.1 thousand. According to their latest financial statements, Servtec Limited has 2 employees and maintains cash reserves of £36.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,329,963	817,893	307,808	397,838	1,011,532	735,893	314,146	736,833	564,923	512,391	437,282	227,399	339,128	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	924,005	784,328	231,828	280,365	847,268	655,319	309,075	606,064	386,701	323,308	256,479	149,459	230,214	0
Gross Profit	405,958	33,565	75,980	117,474	164,264	80,573	5,070	130,769	178,221	189,083	180,803	77,940	108,914	0
Admin Expenses	406,781	15,257	62,117	107,788	187,331	96,419	25,889	125,010	261,889	120,889	127,526	83,300	72,861	-2,982
Operating Profit	-823	18,308	13,863	9,686	-23,067	-15,846	-20,819	5,759	-83,668	68,194	53,277	-5,360	36,053	2,982
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	823	41	45	248	281	130	109	199	400	442	255	199	157	65
Pre-Tax Profit	0	18,348	13,907	9,933	-22,786	-15,716	-20,710	5,958	-83,268	68,636	53,532	-5,161	36,210	3,047
Tax	0	-3,486	-2,642	-1,887	0	0	0	-1,191	0	-15,786	-12,848	0	-10,139	-853
Profit After Tax	0	14,862	11,265	8,046	-22,786	-15,716	-20,710	4,766	-83,268	52,850	40,684	-5,161	26,071	2,194
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	14,862	11,265	8,046	-22,786	-15,716	-20,710	4,766	-83,268	52,850	40,684	-5,161	26,071	2,194
Employee Costs	234,134	244,308	204,355	242,922	215,386	188,573	214,419	257,883	90,357	83,538	93,362	84,291	71,119	0
Number Of Employees	2	2	2	2	2	2	2	2	1	1	1	1	1	0
EBITDA*	-823	18,531	13,863	9,686	-23,067	-15,694	-20,370	6,464	-82,863	68,903	53,894	-4,918	36,368	3,676

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	668	668	0	0	0	0	152	601	1,306	1,504	1,304	1,265	704	767
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	668	668	0	0	0	0	152	601	1,306	1,504	1,304	1,265	704	767
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	4,920	1	0	0	27,720	63,065	59,158	56,885	57,685	22,481	33,105	7,501
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	36,559	36,559	44,747	44,853	21,168	53,888	49,743	37,476	41,991	117,905	59,004	42,935	36,595	26,110
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	36,559	36,559	49,667	44,854	21,168	53,888	77,463	100,541	101,149	174,790	116,689	65,416	69,700	33,611
total assets	37,227	37,227	49,667	44,854	21,168	53,888	77,615	101,142	102,455	176,294	117,993	66,681	70,404	34,378
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	1,700	62,876	68,814	59,346	53,942	43,314	41,988	32,174
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	24,120	24,120	51,422	57,874	42,234	52,168	58,449	0	0	0	0	0	0	0
total current liabilities	24,120	24,120	51,422	57,874	42,234	52,168	60,149	62,876	68,814	59,346	53,942	43,314	41,988	32,174
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	30	120	261	300	253	253	141	0
total long term liabilities	0	0	0	0	0	0	30	120	261	300	253	253	141	0
total liabilities	24,120	24,120	51,422	57,874	42,234	52,168	60,179	62,996	69,075	59,646	54,195	43,567	42,129	32,174
net assets	13,107	13,107	-1,755	-13,020	-21,066	1,720	17,436	38,146	33,380	116,648	63,798	23,114	28,275	2,204
total shareholders funds	13,107	13,107	-1,755	-13,020	-21,066	1,720	17,436	38,146	33,380	116,648	63,798	23,114	28,275	2,204

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-823	18,308	13,863	9,686	-23,067	-15,846	-20,819	5,759	-83,668	68,194	53,277	-5,360	36,053	2,982
Depreciation	0	223	0	0	0	152	449	705	805	709	617	442	315	694
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-3,486	-2,642	-1,887	0	0	0	-1,191	0	-15,786	-12,848	0	-10,139	-853
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	-4,920	4,919	1	0	-27,720	-35,345	3,907	2,273	-800	35,204	-10,624	25,604	7,501
Creditors	0	0	0	0	0	-1,700	-61,176	-5,938	9,468	5,404	10,628	1,326	9,814	32,174
Accruals and Deferred Income	0	-27,302	-6,452	15,640	-9,934	-6,281	58,449	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-30	-90	-141	-39	47	0	112	141	0
Cash flow from operations	-823	-7,337	-150	23,438	-33,001	4,015	12,158	-4,713	-75,707	59,368	16,470	7,144	10,580	27,496
Investing Activities
capital expenditure	0	-891	0	0	0	0	0	0	-607	-909	-656	-1,003	-252	-1,461
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-891	0	0	0	0	0	0	-607	-909	-656	-1,003	-252	-1,461
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10
interest	823	41	45	248	281	130	109	199	400	442	255	199	157	65
cash flow from financing	823	41	45	248	281	130	109	199	400	442	255	199	157	75
cash and cash equivalents
cash	0	-8,188	-106	23,685	-32,720	4,145	12,267	-4,515	-75,914	58,901	16,069	6,340	10,485	26,110
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-8,188	-106	23,685	-32,720	4,145	12,267	-4,515	-75,914	58,901	16,069	6,340	10,485	26,110

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SERVTEC LIMITED group structure

Servtec Limited has no subsidiary companies.

Ultimate parent company

SERVTEC LIMITED

SC237941

SERVTEC LIMITED Shareholders

christine margaret muirhead	50%
duncan john muirhead	50%

Servtec Limited currently has 2 directors. The longest serving directors include Mr Duncan Muirhead (Nov 2002) and Mrs Christine Muirhead (Sep 2013).

officer	country	age	start	end	role
Mr Duncan Muirhead	Scotland	58 years	Nov 2002	-	Director
Mrs Christine Muirhead	Scotland	52 years	Sep 2013	-	Director

P&L

October 2022

turnover

1.3m

+63%

operating profit

-822.6

gross margin

30.6%

+643.8%

turnover

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

Balance Sheet

October 2022

net assets

13.1k

total assets

37.2k

cash

36.6k

net assets

Total assets minus all liabilities

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company number

SC237941

Type

Private limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

October 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

smallholm house hightae, lockerbie, dumfriesshire, DG11 1JY

last accounts submitted

October 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.

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servtec limited Company Information

servtec limited Estimated Valuation

servtec limited Estimated Valuation

servtec limited Estimated Valuation

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