zurich employment services limited

1.5

zurich employment services limited Company Information

Share ZURICH EMPLOYMENT SERVICES LIMITED
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MatureMegaLow

Company Number

00243883

Registered Address

unity place 1 carfax close, swindon, wiltshire, SN1 1AP

Industry

Other business support service activities n.e.c.

 

Other human resources provision

 

Telephone

01242511227

Next Accounts Due

September 2025

Group Structure

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Directors

John Keppel7 Years

Stephen Collinson6 Years

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Shareholders

zurich financial services (ukisa) ltd 75%

undisclosed 25%

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zurich employment services limited Estimated Valuation

£105.8m

Pomanda estimates the enterprise value of ZURICH EMPLOYMENT SERVICES LIMITED at £105.8m based on a Turnover of £215m and 0.49x industry multiple (adjusted for size and gross margin).

zurich employment services limited Estimated Valuation

£11.1m

Pomanda estimates the enterprise value of ZURICH EMPLOYMENT SERVICES LIMITED at £11.1m based on an EBITDA of £2.5m and a 4.4x industry multiple (adjusted for size and gross margin).

zurich employment services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ZURICH EMPLOYMENT SERVICES LIMITED at £0 based on Net Assets of £-179.7m and 2.26x industry multiple (adjusted for liquidity).

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Zurich Employment Services Limited Overview

Zurich Employment Services Limited is a live company located in wiltshire, SN1 1AP with a Companies House number of 00243883. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in November 1929, it's largest shareholder is zurich financial services (ukisa) ltd with a 75% stake. Zurich Employment Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £215m with low growth in recent years.

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Zurich Employment Services Limited Health Check

Pomanda's financial health check has awarded Zurich Employment Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £215m, make it larger than the average company (£7.1m)

£215m - Zurich Employment Services Limited

£7.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.5%)

3% - Zurich Employment Services Limited

6.5% - Industry AVG

production

Production

with a gross margin of -0.5%, this company has a higher cost of product (29.4%)

-0.5% - Zurich Employment Services Limited

29.4% - Industry AVG

profitability

Profitability

an operating margin of -0.5% make it less profitable than the average company (3.7%)

-0.5% - Zurich Employment Services Limited

3.7% - Industry AVG

employees

Employees

with 1644 employees, this is above the industry average (40)

1644 - Zurich Employment Services Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £85.4k, the company has a higher pay structure (£56.6k)

£85.4k - Zurich Employment Services Limited

£56.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £130.8k, this is equally as efficient (£137.3k)

£130.8k - Zurich Employment Services Limited

£137.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Zurich Employment Services Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (19 days)

13 days - Zurich Employment Services Limited

19 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Zurich Employment Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (16 weeks)

10 weeks - Zurich Employment Services Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 146.1%, this is a higher level of debt than the average (69.8%)

146.1% - Zurich Employment Services Limited

69.8% - Industry AVG

ZURICH EMPLOYMENT SERVICES LIMITED financials

EXPORTms excel logo

Zurich Employment Services Limited's latest turnover from December 2023 is £215 million and the company has net assets of -£179.7 million. According to their latest financial statements, Zurich Employment Services Limited has 1,644 employees and maintains cash reserves of £11.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover215,001,000201,369,000198,925,000197,778,000247,078,000281,107,000302,052,000329,655,000331,823,000332,297,000300,426,000355,924,000383,943,000391,003,000286,769,000
Other Income Or Grants000000000000000
Cost Of Sales216,164,000202,094,000203,213,000199,460,000246,467,000292,180,000308,736,000339,045,000344,810,000347,316,000311,253,000367,746,000388,980,000394,598,000297,494,000
Gross Profit-1,163,000-725,000-4,288,000-1,682,000611,000-11,073,000-6,684,000-9,390,000-12,987,000-15,019,000-10,827,000-11,822,000-5,037,000-3,595,000-10,725,000
Admin Expenses0-230,000000000-109,00000000-4,608,000
Operating Profit-1,163,000-495,000-4,288,000-1,682,000611,000-11,073,000-6,684,000-9,390,000-12,878,000-15,019,000-10,827,000-11,822,000-5,037,000-3,595,000-6,117,000
Interest Payable29,057,00028,811,00029,800,00030,630,00031,936,00036,374,00037,759,00029,218,000128,106,000116,729,000124,300,00023,598,000695,000841,0009,381,000
Interest Receivable13,423,00010,858,0009,369,0009,054,0008,779,0008,455,0008,109,0007,838,000101,454,00092,646,00074,557,00028,0004,068,0002,130,000115,000
Pre-Tax Profit-16,797,000-18,448,000-24,719,000-23,258,000-22,546,000-38,992,000-36,334,000-30,770,000-39,530,000-39,102,000-36,271,000-35,841,000-1,664,000-2,306,000-15,261,000
Tax19,374,0009,399,00011,086,000-5,853,0004,911,00015,316,0007,765,00014,554,0002,785,000-10,132,0004,638,0003,627,000-1,645,000-1,055,000-405,000
Profit After Tax2,577,000-9,049,000-13,633,000-29,111,000-17,635,000-23,676,000-28,569,000-16,216,000-36,745,000-49,234,000-31,633,000-32,214,000-3,309,000-3,361,000-15,666,000
Dividends Paid000000000000000
Retained Profit2,577,000-9,049,000-13,633,000-29,111,000-17,635,000-23,676,000-28,569,000-16,216,000-36,745,000-49,234,000-31,633,000-32,214,000-3,309,000-3,361,000-15,666,000
Employee Costs140,399,000124,954,000121,868,000115,382,000132,451,000133,274,000155,744,000159,889,000165,341,000159,956,000140,503,000172,799,000150,914,000142,403,000121,798,000
Number Of Employees1,6441,3981,2711,2541,3511,5321,6651,8371,8721,8511,8511,9781,9842,1502,322
EBITDA*2,524,0002,620,000-1,506,000468,0003,089,000-8,433,000-3,822,000-6,118,000-9,452,000-11,548,000-7,468,000-8,760,000-1,196,0001,582,000-804,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets28,000114,00017,354,00011,895,00011,022,00010,745,00012,095,00014,107,00014,242,00013,302,00013,276,00013,520,00011,324,00011,697,00012,917,000
Intangible Assets24,127,00018,432,0000000000000012,125,00014,510,000
Investments & Other302,529,000276,606,000265,180,000279,945,000244,900,000236,186,000227,782,000219,677,000211,861,000204,332,000500,000500,0001,000,0001,000,0001,000,000
Debtors (Due After 1 year)1,684,0001,368,000925,000000844,000836,000311,0001,503,0001,756,0003,740,0005,012,0002,065,0003,476,000
Total Fixed Assets328,368,000296,520,000283,459,000291,840,000255,922,000246,931,000240,721,000234,620,000226,414,000219,137,00015,532,00017,760,00017,336,00026,887,00031,903,000
Stock & work in progress000000000000000
Trade Debtors00649,000000000000000
Group Debtors40,423,00047,053,00063,701,00056,058,00054,558,00051,485,00056,451,00057,121,00067,254,00054,408,00058,471,00074,923,00051,405,00044,769,00034,923,000
Misc Debtors8,545,00010,400,0007,029,00010,263,00043,449,0005,219,0007,357,00085,959,00025,557,00051,459,00013,455,00013,423,00016,492,00014,126,00013,973,000
Cash11,106,00014,587,00012,383,0003,054,0005,514,0009,187,0002,979,00011,658,0001,358,00015,260,0004,383,0003,086,0007,897,00015,337,0000
misc current assets1,482,0001,048,0000251,000037,033,00051,073,00000000000
total current assets61,556,00073,088,00083,762,00069,626,000103,521,000102,924,000117,860,000154,738,00094,169,000121,127,00076,309,00091,432,00075,794,00074,232,00048,896,000
total assets389,924,000369,608,000367,221,000361,466,000359,443,000349,855,000358,581,000389,358,000320,583,000340,264,00091,841,000109,192,00093,130,000101,119,00080,799,000
Bank overdraft00000000000000229,000
Bank loan000000000000000
Trade Creditors 8,026,0006,153,0007,168,0003,141,0005,985,0003,622,0008,859,0007,592,0004,505,0001,025,00027,000167,0003,00027,0000
Group/Directors Accounts2,965,0001,252,0003,284,000133,000250,0003,964,0002,717,000111,0009,202,0005,261,0004,238,0002,649,0002,851,000955,0001,093,000
other short term finances000000000000000
hp & lease commitments7,356,0004,832,0004,392,0004,094,0003,843,0003,755,0003,599,0004,585,0005,048,0004,542,0004,966,0004,296,0004,030,0004,483,0004,475,000
other current liabilities34,642,00028,980,00043,041,00042,358,00040,735,00044,244,00041,184,00051,635,00060,027,00065,157,00045,535,00059,644,00053,887,00066,932,00050,150,000
total current liabilities52,989,00041,217,00057,885,00049,726,00050,813,00055,585,00056,359,00063,923,00078,782,00075,985,00054,766,00066,756,00060,771,00072,397,00055,947,000
loans480,000,000480,000,000480,000,000480,000,000480,000,000480,000,000480,000,000480,000,000480,000,000480,000,00000000
hp & lease commitments20,878,00016,387,00014,601,0008,291,0006,879,0007,229,0008,753,0009,874,0009,649,0009,190,0008,262,0009,120,0007,131,0006,996,0008,107,000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions15,789,0008,078,00012,062,000183,896,000171,707,00003,450,0006,799,0002,158,0005,225,0004,202,00010,919,0005,331,0007,253,0003,124,000
total long term liabilities516,667,000504,465,000506,663,000672,187,000658,586,000661,999,000760,243,000921,474,000537,175,000666,220,000382,148,000251,458,000250,240,000106,822,000102,709,000
total liabilities569,656,000545,682,000564,548,000721,913,000709,399,000717,584,000816,602,000985,397,000615,957,000742,205,000436,914,000318,214,000311,011,000179,219,000158,656,000
net assets-179,732,000-176,074,000-197,327,000-360,447,000-349,956,000-367,729,000-458,021,000-596,039,000-295,374,000-401,941,000-345,073,000-209,022,000-217,881,000-78,100,000-77,857,000
total shareholders funds-179,732,000-176,074,000-197,327,000-360,447,000-349,956,000-367,729,000-458,021,000-596,039,000-295,374,000-401,941,000-345,073,000-209,022,000-217,881,000-78,100,000-77,857,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-1,163,000-495,000-4,288,000-1,682,000611,000-11,073,000-6,684,000-9,390,000-12,878,000-15,019,000-10,827,000-11,822,000-5,037,000-3,595,000-6,117,000
Depreciation86,0003,115,0002,782,0002,150,0002,478,0002,640,0002,862,0003,272,0003,426,0003,471,0003,359,0003,062,0002,648,0002,792,0002,927,000
Amortisation3,601,000000000000001,193,0002,385,0002,386,000
Tax19,374,0009,399,00011,086,000-5,853,0004,911,00015,316,0007,765,00014,554,0002,785,000-10,132,0004,638,0003,627,000-1,645,000-1,055,000-405,000
Stock000000000000000
Debtors-8,169,000-13,483,0005,983,000-31,686,00041,303,000-7,948,000-79,264,00050,794,000-14,248,00033,688,000-18,404,00019,177,00011,949,0008,588,00052,372,000
Creditors1,873,000-1,015,0004,027,000-2,844,0002,363,000-5,237,0001,267,0003,087,0003,480,000998,000-140,000164,000-24,00027,0000
Accruals and Deferred Income5,662,000-14,061,000683,0001,623,000-3,509,0003,060,000-10,451,000-8,392,000-5,130,00019,622,000-14,109,0005,757,000-13,045,00016,782,00050,150,000
Deferred Taxes & Provisions7,711,000-3,984,000-171,834,00012,189,000171,707,000-3,450,000-3,349,0004,641,000-3,067,0001,023,000-6,717,0005,588,000-1,922,0004,129,0003,124,000
Cash flow from operations45,313,0006,442,000-163,527,00037,269,000137,258,0009,204,00070,674,000-43,022,0002,864,000-33,725,000-5,392,000-12,801,000-29,781,00012,877,000-307,000
Investing Activities
capital expenditure-9,296,000-4,307,000-8,241,000-3,023,000-2,755,000-1,290,000-850,000-3,137,000-4,366,000-3,497,000-3,115,000-5,258,0008,657,000-1,572,000-32,740,000
Change in Investments25,923,00011,426,000-14,765,00035,045,0008,714,0008,404,0008,105,0007,816,0007,529,000203,832,0000-500,000001,000,000
cash flow from investments-35,219,000-15,733,0006,524,000-38,068,000-11,469,000-9,694,000-8,955,000-10,953,000-11,895,000-207,329,000-3,115,000-4,758,0008,657,000-1,572,000-33,740,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts1,713,000-2,032,0003,151,000-117,000-3,714,0001,247,0002,606,000-9,091,0003,941,0001,023,0001,589,000-202,0001,896,000-138,0001,093,000
Other Short Term Loans 000000000000000
Long term loans000000000480,000,00000000
Hire Purchase and Lease Commitments7,015,0002,226,0006,608,0001,663,000-262,000-1,368,000-2,107,000-238,000965,000504,000-188,0002,255,000-318,000-1,103,00012,582,000
other long term liabilities000000000000000
share issue-6,235,00030,302,000176,753,00018,620,00035,408,000113,968,000166,587,000-284,449,000143,312,000-7,634,000-104,418,00041,073,000-136,472,0003,118,000-62,191,000
interest-15,634,000-17,953,000-20,431,000-21,576,000-23,157,000-27,919,000-29,650,000-21,380,000-26,652,000-24,083,000-49,743,000-23,570,0003,373,0001,289,000-9,266,000
cash flow from financing-13,141,00012,543,000166,081,000-1,410,0008,275,00085,928,000137,436,000-315,158,000121,566,000449,810,000-152,760,00019,556,000-131,521,0003,166,000-57,782,000
cash and cash equivalents
cash-3,481,0002,204,0009,329,000-2,460,000-3,673,0006,208,000-8,679,00010,300,000-13,902,00010,877,0001,297,000-4,811,000-7,440,00015,337,0000
overdraft0000000000000-229,000229,000
change in cash-3,481,0002,204,0009,329,000-2,460,000-3,673,0006,208,000-8,679,00010,300,000-13,902,00010,877,0001,297,000-4,811,000-7,440,00015,566,000-229,000

zurich employment services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Zurich Employment Services Limited Competitor Analysis

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Perform a competitor analysis for zurich employment services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in SN1 area or any other competitors across 12 key performance metrics.

zurich employment services limited Ownership

ZURICH EMPLOYMENT SERVICES LIMITED group structure

Zurich Employment Services Limited has no subsidiary companies.

Ultimate parent company

ZURICH INSURANCE GROUP LTD

#0132233

2 parents

ZURICH EMPLOYMENT SERVICES LIMITED

00243883

ZURICH EMPLOYMENT SERVICES LIMITED Shareholders

zurich financial services (ukisa) ltd 75.02%
undisclosed 24.98%
zurich financial services (ukisa) nominees ltd 0%

zurich employment services limited directors

Zurich Employment Services Limited currently has 5 directors. The longest serving directors include Mr John Keppel (Sep 2017) and Mr Stephen Collinson (Feb 2018).

officercountryagestartendrole
Mr John KeppelUnited Kingdom54 years Sep 2017- Director
Mr Stephen CollinsonEngland52 years Feb 2018- Director
Ms Siv Fernqvist45 years Dec 2022- Director
Mr Michael BoardmanUnited Kingdom45 years Mar 2023- Director
Mrs Georgina FleetEngland49 years Mar 2024- Director

P&L

December 2023

turnover

215m

+7%

operating profit

-1.2m

+135%

gross margin

-0.5%

+50.24%

turnover

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

Balance Sheet

December 2023

net assets

-179.7m

+0.02%

total assets

389.9m

+0.05%

cash

11.1m

-0.24%

net assets

Total assets minus all liabilities

zurich employment services limited company details

company number

00243883

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

78300 - Other human resources provision

incorporation date

November 1929

age

95

incorporated

UK

ultimate parent company

ZURICH INSURANCE GROUP LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

zurich financial services uk life limited (January 2001)

professional services (life & pensions) limited (January 1999)

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accountant

-

auditor

ERNST & YOUNG LLP

address

unity place 1 carfax close, swindon, wiltshire, SN1 1AP

Bank

-

Legal Advisor

-

zurich employment services limited Charges & Mortgages

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 did not find charges/mortgages relating to zurich employment services limited.

charges

zurich employment services limited Companies House Filings - See Documents

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