Staffworx Limited

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staffworx limited Company Information

Live

EstablishedSmallRapid

Company Number

06117684

Website

www.staffworx.co.uk

Registered Address

pineview 6 newlands park, copthorne, crawley, west sussex, RH10 3EW

Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Telephone

Next Accounts Due

November 2024

Group Structure

View All

Directors

James Kirk15 Years

Shareholders

james kirk 60%

melanie kirk 40%

staffworx limited Estimated Valuation

£397.4k

Pomanda estimates the enterprise value of STAFFWORX LIMITED at £397.4k based on Net Assets of £252.3k and 1.58x industry multiple (adjusted for liquidity).

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Staffworx Limited is a live company located in crawley, RH10 3EW with a Companies House number of 06117684. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in February 2007, it's largest shareholder is james kirk with a 60% stake. Staffworx Limited is a established, small sized company, Pomanda has estimated its turnover at £2.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Staffworx Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£6.1m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (3.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STAFFWORX LIMITED group structure

Staffworx Limited has no subsidiary companies.

Ultimate parent company

STAFFWORX LIMITED

06117684

STAFFWORX LIMITED Shareholders

james kirk	60%
melanie kirk	40%

Staffworx Limited currently has 1 director, Mr James Kirk serving since Apr 2009.

officer	country	age	start	end	role
Mr James Kirk	United Kingdom	52 years	Apr 2009	-	Director

EXPORT

Staffworx Limited's latest turnover from February 2023 is estimated at £2.5 million and the company has net assets of £252.3 thousand. According to their latest financial statements, Staffworx Limited has 2 employees and maintains cash reserves of £270.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,533,925	1,873,342	879,282	1,146,657	1,540,148	1,638,724	1,416,101	1,412,041	1,754,858	1,827,187	1,104,540	613,787	600,090	383,067
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,184,870	1,623,327	767,789	993,351	1,340,237	1,421,033	1,219,460	1,213,717	1,491,138	1,558,570	927,197	510,759	495,197	314,891
Gross Profit	349,055	250,014	111,493	153,306	199,911	217,691	196,641	198,324	263,720	268,617	177,343	103,027	104,893	68,176
Admin Expenses	208,402	183,032	158,264	196,350	217,534	277,059	265,698	165,247	196,354	199,590	138,948	53,704	-12,825	33,100
Operating Profit	140,653	66,982	-46,771	-43,044	-17,623	-59,368	-69,057	33,077	67,366	69,027	38,395	49,323	117,718	35,076
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,831	517	68	185	570	717	631	1,346	759	479	572	589	364	82
Pre-Tax Profit	147,484	67,499	-46,703	-42,859	-17,053	-58,651	-68,426	34,424	68,125	69,506	38,967	49,912	118,082	35,158
Tax	-28,022	-12,825	0	0	0	0	0	-6,885	-14,306	-15,986	-9,352	-12,977	-33,063	-9,844
Profit After Tax	119,462	54,674	-46,703	-42,859	-17,053	-58,651	-68,426	27,539	53,819	53,520	29,615	36,935	85,019	25,314
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	119,462	54,674	-46,703	-42,859	-17,053	-58,651	-68,426	27,539	53,819	53,520	29,615	36,935	85,019	25,314
Employee Costs	98,800	92,298	83,221	87,042	90,445	83,474	167,856	162,427	157,900	198,790	152,258	76,023	72,924	80,507
Number Of Employees	2	2	2	2	2	2	4	4	4	5	4	2	2	2
EBITDA*	141,781	66,982	-46,771	-43,044	-16,623	-59,368	-67,431	34,376	68,623	70,339	39,558	49,943	118,339	35,909

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	3,384	0	0	0	1,000	2,000	3,252	878	2,177	2,251	2,242	880	1,500	1,667
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	3,384	0	0	0	1,000	2,000	3,252	878	2,177	2,251	2,242	880	1,500	1,667
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	501,653	430,639	151,387	283,004	365,442	355,295	272,026	255,718	311,302	361,647	205,759	110,942	106,689	61,352
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	253	154	0	0	0	0	0	0
Cash	270,502	71,058	135,760	0	49,274	102,743	184,150	320,277	218,230	85,370	106,295	122,643	112,930	32,765
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	772,155	501,697	287,147	283,004	414,716	458,038	456,429	576,149	529,532	447,017	312,054	233,585	219,619	94,117
total assets	775,539	501,697	287,147	283,004	415,716	460,038	459,681	577,027	531,709	449,268	314,296	234,465	221,119	95,784
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	497,636	333,696	158,978	126,749	247,236	272,322	152,439	175,836	246,065	217,443	137,313	87,097	110,686	70,370
Group/Directors Accounts	0	0	0	0	749	2,932	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	0	0	0	0	0	0	63,807	89,330	0	0	0	0	0	0
total current liabilities	497,636	333,696	158,978	126,749	247,985	275,254	216,246	265,166	246,065	217,443	137,313	87,097	110,686	70,370
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	31,483	0	0	0	0	1,322	1,322	0	0	0	0
other liabilities	25,598	35,158	50,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	25,598	35,158	50,000	31,483	0	0	0	0	1,322	1,322	0	0	0	0
total liabilities	523,234	368,854	208,978	158,232	247,985	275,254	216,246	265,166	247,387	218,765	137,313	87,097	110,686	70,370
net assets	252,305	132,843	78,169	124,772	167,731	184,784	243,435	311,861	284,322	230,503	176,983	147,368	110,433	25,414
total shareholders funds	252,305	132,843	78,169	124,772	167,731	184,784	243,435	311,861	284,322	230,503	176,983	147,368	110,433	25,414

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	140,653	66,982	-46,771	-43,044	-17,623	-59,368	-69,057	33,077	67,366	69,027	38,395	49,323	117,718	35,076
Depreciation	1,128	0	0	0	1,000	0	1,626	1,299	1,257	1,312	1,163	620	621	833
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-28,022	-12,825	0	0	0	0	0	-6,885	-14,306	-15,986	-9,352	-12,977	-33,063	-9,844
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	71,014	279,252	-131,617	-82,438	10,147	83,016	16,407	-55,430	-50,345	155,888	94,817	4,253	45,337	61,352
Creditors	163,940	174,718	32,229	-120,487	-25,086	119,883	-23,397	-70,229	28,622	80,130	50,216	-23,589	40,316	70,370
Accruals and Deferred Income	0	0	-31,483	31,483	0	-63,807	-25,523	88,008	0	1,322	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	206,685	-50,377	85,592	-49,610	-51,856	-86,308	-132,758	100,700	133,284	-20,083	-14,395	9,124	80,255	35,083
Investing Activities
capital expenditure	-4,512	0	0	1,000	0	1,252	-4,000	0	-1,183	-1,321	-2,525	0	-454	-2,500
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,512	0	0	1,000	0	1,252	-4,000	0	-1,183	-1,321	-2,525	0	-454	-2,500
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-749	-2,183	2,932	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	-9,560	-14,842	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	100	-100	0	0	0	0	0	0	0	0	0	100
interest	6,831	517	68	185	570	717	631	1,346	759	479	572	589	364	82
cash flow from financing	-2,729	-14,325	50,168	-664	-1,613	3,649	631	1,346	759	479	572	589	364	182
cash and cash equivalents
cash	199,444	-64,702	135,760	-49,274	-53,469	-81,407	-136,127	102,047	132,860	-20,925	-16,348	9,713	80,165	32,765
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	199,444	-64,702	135,760	-49,274	-53,469	-81,407	-136,127	102,047	132,860	-20,925	-16,348	9,713	80,165	32,765

P&L

February 2023

turnover

2.5m

+35%

operating profit

140.7k

gross margin

13.8%

+3.22%

turnover

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

Balance Sheet

February 2023

net assets

252.3k

+0.9%

total assets

775.5k

+0.55%

cash

270.5k

+2.81%

net assets

Total assets minus all liabilities

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company number

06117684

Type

Private limited with Share Capital

industry

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

February 2007

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

pineview 6 newlands park, copthorne, crawley, west sussex, RH10 3EW

last accounts submitted

February 2023

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 1 charges/mortgages relating to staffworx limited. Currently there are 0 open charges and 1 have been satisfied in the past.

staffworx limited Company Information

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staffworx limited Estimated Valuation

staffworx limited Estimated Valuation

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