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Servicemaster ltd
Registration Number
01250088Incorporation Date
19/03/1976Last Annual Return
Not availableAddress
Servicemaster House, Whittle Estate, Leicester, Leicestershire. LE8 6LH
Website
www.servicemasterclean.co.ukAudit Fees
£30,000Secretary
Not available
Directors
Active
Mr Josh Burnette (44 yrs)
Active
Mr Alan Peter Lewin (55 yrs)
Active
Mr Sunil Mansukh Doshi (53 yrs)
Active
Mr Jonathan Edward Nobis (48 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 16373 | 17641 | 19473 | 20774 | 21052 |
| Directors Fees | 207 | 213 | 229 | 204 | 204 |
| Gross Profits | 2945 | 3151 | 3893 | 4539 | 4600 |
| Value Added | 1624 | 4690 | 5858 | 6956 | 7163 |
| Trading Profit | 338 | 407 | 346 | 639 | 1344 |
| Depreciation | 227 | 254 | 272 | 307 | |
| Non-Trading Income | 64 | 104 | 135 | 194 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 13 | 12 |
| Pre-tax Profit | 175 | 257 | 209 | 513 | 1056 |
| Retained Profit (Shareholders Funds) | -581 | 423 | 88 | 330 | 308 |
| Fixed Assets | 1181 | 1166 | 1482 | 1425 | 1354 |
| Intangibles | 1796 | 1596 | 1541 | 1464 | 1391 |
| Intermediate Assets | 225 | 296 | 314 | 323 | 307 |
| Stocks | 237 | 235 | 246 | 315 | 266 |
| Debtors | 2396 | 2727 | 3437 | 2868 | 2470 |
| Cash or Equivalent | 2724 | 2576 | 2460 | 3674 | 4767 |
| Total Current Assets | 5357 | 5538 | 6143 | 6857 | 7503 |
| Creditors | 1135 | 976 | 1410 | 1397 | 1628 |
| Short Term Borrowing | 42 | 47 | 49 | 52 | 0 |
| Other Current Liabilities | 1319 | 1301 | 1574 | 1833 | 1833 |
| Total Current Liabilities | 2496 | 2324 | 3033 | 3282 | 3461 |
| Net Current Assets | 2861 | 3214 | 3110 | 3575 | 4042 |
| Shareholders Funds | 5591 | 6014 | 6102 | 6432 | 6740 |
| Total Loan Capital | 315 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 157 | 258 | 345 | 354 | 354 |
| Total Capital Employed | 6063 | 6272 | 6447 | 6786 | 7094 |
| Pretax Profit Margin % | 1.07 | 1.46 | 1.07 | 2.47 | 5.02 |
| Sales Growth % | 17 | 8 | 10 | 7 | 1 |
| Pretax Profit Growth % | 108 | 47 | -19 | 145 | 106.00 |
| Debtor Ratio Days | 53 | 56 | 64 | 50 | 42.7148936170212 |
| Creditor Ratio Days | 25 | 20 | 26 | 24 | 28.1498122653316 |
| Stock Turnover | 69 | 75 | 79 | 66 | 79.1390476190476 |
| Sales £000 / Employee | 39 | 35 | 37 | 37 | 40.7333333333333 |
| Value Added £000/Empl. | 4 | 9 | 11 | 12 | 13.8599007823185 |
| Av. Remun. £000 / Empl. | 3 | 9 | 10 | 11 | 11.2602495543672 |
| Total Empl. Remu. £000 | 1286 | 4283 | 5512 | 6317 | 5819.46211771077 |
| Employees | 424 | 500 | 532 | 561 | 516.814666461255 |
| Pretax Profit/Total Assets % | 2 | 3 | 2 | 5 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 6.7% in the latest year, well above the industry average of 3.6%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 1.1% to 2.5% in the latest year.
- Non Trading Income of £194,000 makes a large contribution to pretax profits of £513,000.
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 2 Leaders in Efficiency.
- The company is among the Top 3 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 42 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £20.8m sales and made £513,000, by following the proposal plan, sales would be level but profits would rise to £1.1m.
Key Attractiveness Features
- ADD £20.8m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
- LOW SALES PER EMPLOYEE
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 16373 | 17641 | 19473 | 20774 | 21052 |
| Pre-tax Profit (£000) | 175 | 257 | 209 | 513 | 1056 |
| Total Value (£000) | 7425 | 7850 | 8535 | 9075 | 12148 |
| Asset Value (£000) | 5835 | 6020 | 7020 | 6395 | 5788 |
| Goodwill (£000) | 1590 | 1830 | 1515 | 2680 | 6360 |
| Liabilities (£000) | -244 | -6 | -918 | 38 | 952 |
| Equity Value (£000) | 7181 | 7844 | 7617 | 9113 | 13100 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
RW UK HOLDCO LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
SERVICE MASTER C S CROYDON
Acquisition / Valuation Comments
This company has been established 49 years.
The number of shareholders is low (1)
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £9.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 34% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 12%.
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