SES (ENGINEERING SERVICES) LTD

One to watch in the UK Facilities Management industry this month.

The following findings are taken from the Plimsoll Analysis and show why SES (ENGINEERING SERVICES) LTD is one to watch in the UK Facilities Management industry this month. According to the latest Plimsoll Analysis they are exceptional because of:

Their excellent financial health

The Plimsoll Analysis of SES (ENGINEERING SERVICES) LTD shows:

The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
The company is the 23rd largest in the market
It is one of the strongest in the UK market

Their attractiveness as an acquisition

Along with the UK's 1762 other leading Facilities Management, SES (ENGINEERING SERVICES) LTD has been rated on it acquisition attractiveness:

The company could command a price premium
It has been rated on 9 specific acquisition criteria
It does however have the resources to be on the lookout for acquisitions
414 companies are ripe for takeover according to the Plimsoll Analysis

Plus some of its other key achievements this year

The Plimsoll Analysis reveals the true performance of each company. Here are some other key findings for SES (ENGINEERING SERVICES) LTD:

Increasing sales and a healthy Plimsoll chart.
Pretax profits have risen 60% in the latest year.
Total sales have risen 55% in the latest year.
Listed in 'Pre-tax Profit Return on Owners Funds'.
Has a big difference between future and current value.
Latest sales are £463.74 million

6 Charts

The 6 charts measure sales growth, return on assets, profitability, debt, and cover for creditors. A rising line is good and a falling line is bad.

Company Details

The page shows the registered office, auditor's details and the key board member.

Plimsoll Chart

The Plimsoll Chart is the overall measure of the change in a companies financial performance. A high and rising line indicates the company is STRONG.

Company Summary

Written commentary is provided detailing key findings including current ranking and any special achievements.

Financial Data

5 years' worth of financial data is provided on each company.

Future Year

Projected Future Year – we estimate how the company could improve its overall value and financial stability.

SALES GROWTH

(% Change in Sales Year On Year)

TRADING STABILITY

(Sales Return On Total Assets)

RETAINED PROFITABILITY

(Retained Profit Return On Total Assets)

WORKING CAPITAL

(Repay Debt Without Selling Fixed Assets)

GEARING

(How Much is Owned By The Shareholders)

IMMEDIATE LIQUIDITY

(Immediate Cover For Trade Creditors)

PLIMSOLL CHART

(Overall Financial Health)

SES (ENGINEERING SERVICES) LTD

Registration Number:	00690190	Website:	www.ses-ltd.co.uk
Incorporation Date:	19/04/1961	Audit. Fees:	££164,000
Last Annual Return:		Secretary:	Mr Philip Michael Wainwright

Registered Address:	Wates House, Station Approach,
	Leatherhead, Surrey.
	KT22 7SW

Directors

Mr Robin Joseph Clifford (48 yrs)
Mr Darren Michael Kehoe (56 yrs)
Mr Christopher John Symeonides (61 yrs)

Mr Patrick Joseph Fitzgerald (49 yrs)
Mr Paul Ross (48 yrs)
Mr Philip Michael Wainwright (61 yrs)

The provision of building, engineering and facility management services in support of the buildings,

facilities and infrastructure of its clients.

						PROPOSED YEAR

Period Ending	31-Dec-20	31-Dec-21	31-Dec-22	31-Dec-23	31-Dec-24	30-Dec-25
Weeks	52	52	52	52	52	52
£000
Total Sales	145745	159402	173038	298602	463739	515032
Directors Fees	0	0	0	0	295	295
Gross Profit	11084	16261	18614	22782	30027	33348
Value Added	35972	42380	50034	61502	89371	97666
Trading Profit	-211	3762	3551	5086	8424	15928
Depreciation	641	556	459	176	183	165
Non-Trading Income	-1798	0	0	897	1064	0
Total Interest Charges	13	28	23	0	0	0
Pretax Profit	-2663	3178	3069	5807	9305	15763
Retained Proft (+ - Shareholders Funds)	-2375	3283	2697	3974	6520	5583

Fixed Assets	1204	881	577	633	760	722
Intangibles	0	0	0	0	0	0
Intermediate Assets	0	0	0	0	0	0

Stocks	0	0	0	0	0	0
Debtors	28506	28850	26941	43076	70202	66272
Cash Or Equivalent	17993	25954	40060	62268	64320	90631
Total Current Assets	46499	54804	67001	105344	134522	156903
Creditors	13646	10431	22274	36096	69016	88147
Short Term Borrowing	5988	2239	6504	4085	2371	0
Oth.Curr.Liabilities	26233	38357	32554	56299	47543	47543
Tot.Curr.Liabilities	45867	51027	61332	96480	118930	135690
Net Curr.Assets	632	3777	5669	8864	15592	21213

Shareholders Funds	-1795	1488	4185	8159	14679	20262
Total Loan Capital	0	0	0	0	0	0
Other Capital Employed	1836	4658	6246	9497	16352	1673
Tot.Capt.Employed	1836	4658	6246	9497	16352	21935

Pretax Profit Margin %	-1.83	1.99	1.77	1.94	2.01	3.06
Sales Growth %	-30	9	9	73	55	11
Pretax Profit Growth %		219	-3	89	60	69
Debtor Ratio Days	71	66	57	53	55	47
Creditor Ratio Days	34	24	47	44	54	62
Stock Turnover	NA	NA	NA	NA	NA	NA

Sales £000/Employee	212	203	194	311	378	415
Value Added £000/Empl.	52	54	56	64	73	79
Av. Remun. £000/Empl.	53	49	52	59	66	66
Total Empl. Remu. £000	36183	38618	46483	56416	80947	81738
Employees	686	787	891	960	1228	1240

Pretax Profit/Total Assets %	-6	6	5	5	7	10

COMPANY SUMMARY

The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
Total Sales have increased by 55.3% in the latest year, well above the industry average of 5.9%.
The company lies an excellent 23rd in terms of Total Sales in this industry. Up 11 places from last year.
The company lies an excellent 50th in terms of Pretax Profits in this industry. Up 27 places from last year.
Sales per Employee is £378,000 which is well above the industry average of £167,000.
The average salary is £66,000 which is well above the industry average of £49,000.
The company is ranked among the fastest growing in terms of sales growth in the latest year.
Formal debt of the company has decreased by £1.7m, a fall of 42%.
The company is among the Top 149 companies listed as a Best Trading Partner (see section 1c).
The company is among the Top 950 companies listed under the Pretax Profits category (see section 3.2c).

Key Attractiveness features

Key reasons to accquire this company are highlighted

Acquisition Attractiveness Rating

Each company gets a 9 point takeover checklist designed to pick out targets with the most potential

Overall Rating Chart

This chart shows how attractive a company is. The higher the chart the better the takeover

Company Valuation

Each company is givenan overall value and a value after liabilities for each of the last 4 years

Company Trend

This chart shows the trend in a companies value over the past 4 years

Comments

A description of the factors affecting valuation and attractiveness is provided for each company

SES (ENGINEERING SERVICES) LTD- ACQUISITION ATTRACTIVENESS ANALYSIS

COMPANY SUMMARY:

The company currently has £464m sales and made £9.3m, by following the proposal plan, sales would rise to £515m and profits would rise to £15.8m.

KEY ATTRACTIVENESS FEATURES:

ADD £464m TO SALES

Acquisition Attractiveness Rating: ( Meets criteria Does not meet criteria)

Criteria

Sales growth above the industry average
Low financial rating
High gross earnings")
Low number of shareholders
Big difference between current and future value
Directors fees represent high proportion of profits
Average age of directors is high
Company is privately owned
Low number of directors

Acquisition Rating

HIGHLY ATTRACTIVE
WORTH CONSIDERING
UNATTRACTIVE

Company Valuation:

					♦
					Proposed Yr
Year end:	31-Dec-21	31-Dec-22	31-Dec-23	31-Dec-24	30-Dec-25
Total Sales (£000):	159402	173038	298602	463739	515032
Pretax Profits (£000):	3178	3069	5807	9305	15763
Total value (£000):	45761	42978	68259	113642	147284
Asset value (£000):	29731	27518	43709	70962	66994
Goodwill (£000):	16030	15460	24550	42680	80290
Liabilities (£000):	-28243	-23333	-35550	-56283	-46732
Equity value (£000):	17518	19645	32709	57359	100552

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus
(Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership:

WATES CONSTRUCTION LTD (100.0%)

Immediate Shareholder: WATES CONSTRUCTION LTD

Subsidiaries:

None

Acquisition / Valuation Comments:

This company has been established 65 years.

The number of shareholders is low (1).

2 directors are over 60 years of age.

The value of the company has risen in each of the last 2 years.

The total value of the company is currently £113.6m including debts.

The equity value, after deducting debts is £57.4m.

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 30% if the proposed business plan was followed.

The proposed plan would improve the overall financial strength of the company by 16%.

Google search for more info:www.google.co.uk/search?q=SES+(ENGINEERING+SERVICES)

What is the Plimsoll Analysis?

The Plimsoll Analysis brings together 5 years of financial data on the UK's leading 1762 Facilities Management companies and produces a graphical and written study of their financial health, overall value and attractiveness for takeover. Once we have individually assessed the companies we categorise them based on different criteria. Our rankings are not available anywhere else and will show you:

The most profitable
The best acquisition
The best performers
The companies in Danger

The most improved
The cash rich
The fastest growing
The biggest threats

The loss makers
The most productive
The fastest shrinking
And much more

The analysis also splits the companies by region, size, turnover and much more giving you the most complete and convenient study of the market possible.

What can I do with it?

Since its launch in 1987, the Plimsoll Analysis has been used by senior decision makers to give them the inside track on what's going on in the Facilities Management industry. We lay out our findings on each company using easy to understand charts and simple written statements so you can easily:

Benckmark your own performance
Pick out "hot" acquisition prospects

See what the STRONG are doing
Spot rivals heading for failure

Monitor up and coming threats
Keep up to date with changes

What do I get on each company?

On each company you will receive:

A unique financial health assessment
A 9 point acquisition checklist

A graphical performance rating
An independent valuation

An acquisition attractiveness rating
Written summary of key findings

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