v.g.clements (contractors) limited Company Information
Company Number
00651051
Next Accounts
Sep 2025
Shareholders
vgc group ltd
Group Structure
View All
Industry
Temporary employment agency activities
+1Registered Address
cardinal house, bury street, ruislip, HA4 7GD
Website
http://vgcgroup.co.ukv.g.clements (contractors) limited Estimated Valuation
Pomanda estimates the enterprise value of V.G.CLEMENTS (CONTRACTORS) LIMITED at £32.9m based on a Turnover of £111.5m and 0.29x industry multiple (adjusted for size and gross margin).
v.g.clements (contractors) limited Estimated Valuation
Pomanda estimates the enterprise value of V.G.CLEMENTS (CONTRACTORS) LIMITED at £17.9m based on an EBITDA of £3.8m and a 4.71x industry multiple (adjusted for size and gross margin).
v.g.clements (contractors) limited Estimated Valuation
Pomanda estimates the enterprise value of V.G.CLEMENTS (CONTRACTORS) LIMITED at £17m based on Net Assets of £10.9m and 1.56x industry multiple (adjusted for liquidity).
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V.g.clements (contractors) Limited Overview
V.g.clements (contractors) Limited is a live company located in ruislip, HA4 7GD with a Companies House number of 00651051. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in March 1960, it's largest shareholder is vgc group ltd with a 100% stake. V.g.clements (contractors) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £111.5m with rapid growth in recent years.
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V.g.clements (contractors) Limited Health Check
Pomanda's financial health check has awarded V.G.Clements (Contractors) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
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6 Strong
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3 Regular
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2 Weak
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Size
annual sales of £111.5m, make it larger than the average company (£13.7m)
£111.5m - V.g.clements (contractors) Limited
£13.7m - Industry AVG
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Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (6.3%)
40% - V.g.clements (contractors) Limited
6.3% - Industry AVG
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Production
with a gross margin of 11.5%, this company has a higher cost of product (21.8%)
11.5% - V.g.clements (contractors) Limited
21.8% - Industry AVG
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Profitability
an operating margin of 3.4% make it as profitable than the average company (3.2%)
3.4% - V.g.clements (contractors) Limited
3.2% - Industry AVG
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Employees
with 1480 employees, this is above the industry average (51)
1480 - V.g.clements (contractors) Limited
51 - Industry AVG
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Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£54.8k)
£48.5k - V.g.clements (contractors) Limited
£54.8k - Industry AVG
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Efficiency
resulting in sales per employee of £75.3k, this is less efficient (£216.6k)
£75.3k - V.g.clements (contractors) Limited
£216.6k - Industry AVG
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Debtor Days
it gets paid by customers after 52 days, this is near the average (45 days)
52 days - V.g.clements (contractors) Limited
45 days - Industry AVG
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Creditor Days
its suppliers are paid after 9 days, this is slower than average (7 days)
9 days - V.g.clements (contractors) Limited
7 days - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - V.g.clements (contractors) Limited
- - Industry AVG
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Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (8 weeks)
28 weeks - V.g.clements (contractors) Limited
8 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 54.9%, this is a lower level of debt than the average (69.2%)
54.9% - V.g.clements (contractors) Limited
69.2% - Industry AVG
V.G.CLEMENTS (CONTRACTORS) LIMITED financials
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V.G.Clements (Contractors) Limited's latest turnover from December 2023 is £111.5 million and the company has net assets of £10.9 million. According to their latest financial statements, V.G.Clements (Contractors) Limited has 1,480 employees and maintains cash reserves of £7.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 111,451,941 | 86,717,226 | 60,590,689 | 41,014,567 | 54,842,526 | 63,174,821 | 61,736,034 | 53,077,220 | 41,755,569 | 35,423,490 | 28,828,951 | 20,749,772 | 22,503,895 | 18,353,077 | 22,629,714 |
Other Income Or Grants | 149,598 | 4,503,165 | |||||||||||||
Cost Of Sales | 98,653,355 | 77,097,530 | 54,286,295 | 41,710,219 | 47,152,738 | 55,287,411 | 53,558,210 | 46,416,188 | 35,231,373 | 30,402,947 | 24,591,900 | 17,162,994 | 18,578,975 | 14,852,111 | 17,603,643 |
Gross Profit | 12,798,586 | 9,619,696 | 6,453,992 | 3,807,513 | 7,689,788 | 7,887,410 | 8,177,824 | 6,661,032 | 6,524,196 | 5,020,543 | 4,237,051 | 3,586,778 | 3,924,920 | 3,500,966 | 5,026,071 |
Admin Expenses | 9,013,162 | 7,888,244 | 6,085,538 | 4,290,265 | 6,942,176 | 6,950,304 | 6,196,505 | 4,934,189 | 5,443,250 | 3,999,384 | 3,357,587 | 2,979,503 | 3,120,880 | 2,872,719 | 4,270,175 |
Operating Profit | 3,785,424 | 1,731,452 | 368,454 | -482,752 | 747,612 | 937,106 | 1,981,319 | 1,726,843 | 1,080,946 | 1,021,159 | 879,464 | 607,275 | 804,040 | 628,247 | 755,896 |
Interest Payable | 5,265 | 220 | 220 | 11 | 2,439 | 2,317 | 10,293 | 27,145 | 25,592 | 35,241 | 42,156 | 34,368 | 320 | 6,204 | |
Interest Receivable | 112,684 | 6,533 | 260 | 438 | 2,635 | 19 | 1,441 | 13,412 | 15,197 | 16,232 | 19,335 | 23,795 | 23,843 | 21,048 | |
Pre-Tax Profit | 3,892,843 | 1,737,985 | 368,494 | -482,534 | 750,236 | 934,667 | 1,979,021 | 1,717,991 | 1,067,213 | 1,010,764 | 860,455 | 584,454 | 793,467 | 651,770 | 770,740 |
Tax | -856,845 | -380,482 | -104,443 | 71,874 | -183,287 | -222,746 | -422,179 | -379,183 | -362,935 | -259,385 | -237,698 | -174,952 | -238,750 | -204,374 | -244,908 |
Profit After Tax | 3,035,998 | 1,357,503 | 264,051 | -410,660 | 566,949 | 711,921 | 1,556,842 | 1,338,808 | 704,278 | 751,379 | 622,757 | 409,502 | 554,717 | 447,396 | 525,832 |
Dividends Paid | 400,000 | 850,000 | 350,000 | 750,000 | 1,500,000 | 1,000,000 | 1,375,000 | 180,000 | 10,950 | ||||||
Retained Profit | 2,635,998 | 507,503 | -85,949 | -410,660 | -183,051 | 711,921 | 56,842 | 338,808 | -670,722 | 751,379 | 442,757 | 409,502 | 554,717 | 447,396 | 514,882 |
Employee Costs | 71,781,588 | 61,969,856 | 45,565,061 | 33,565,118 | 43,271,570 | 51,162,284 | 50,000,319 | 41,826,414 | 27,545,238 | 21,214,009 | 16,555,922 | 11,296,913 | 16,436,002 | 15,409,922 | 18,184,788 |
Number Of Employees | 1,480 | 1,260 | 984 | 562 | 820 | 983 | 1,153 | 991 | 800 | 600 | 535 | 365 | 508 | 448 | 504 |
EBITDA* | 3,807,863 | 1,742,915 | 378,296 | -475,637 | 755,392 | 945,643 | 1,991,173 | 1,737,706 | 1,095,121 | 1,037,289 | 898,807 | 630,029 | 830,157 | 671,079 | 815,154 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 126,235 | 110,601 | 122,571 | 110,429 | 117,544 | 125,324 | 151,326 | 161,180 | 172,043 | 192,635 | 211,157 | 230,729 | 253,483 | 356,738 | 421,325 |
Intangible Assets | |||||||||||||||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 126,235 | 110,601 | 122,571 | 110,429 | 117,544 | 125,324 | 151,326 | 161,180 | 172,043 | 192,635 | 211,157 | 230,729 | 253,483 | 356,738 | 421,325 |
Stock & work in progress | |||||||||||||||
Trade Debtors | 16,157,578 | 15,097,224 | 8,465,259 | 6,238,891 | 8,015,579 | 9,487,933 | 10,348,140 | 10,229,902 | 8,237,509 | 7,792,743 | 6,018,048 | 3,655,345 | 4,166,935 | 2,842,654 | 2,524,600 |
Group Debtors | 327,303 | 5,097,819 | 8,115,092 | 9,182,747 | 3,969,556 | 3,408,807 | 1,760,242 | 2,583,185 | 963,775 | 1,851,794 | 4,524,001 | 4,932,722 | 4,046,016 | 4,649,119 | 3,024,386 |
Misc Debtors | 373,167 | 309,277 | 320,112 | 153,691 | 298,386 | 328,517 | 143,375 | 140,107 | 100,255 | 399,319 | 497,763 | 470,166 | 708,544 | 444,094 | 352,068 |
Cash | 7,206,830 | 5,108,017 | 1,752,684 | 765,465 | 1,779,774 | 3,050,015 | 2,743,180 | 1,006,792 | 4,398,988 | 1,956,911 | 3,072,069 | 1,484,004 | 1,649,951 | 2,039,703 | 2,470,066 |
misc current assets | |||||||||||||||
total current assets | 24,064,878 | 25,612,337 | 18,653,147 | 16,340,794 | 14,063,295 | 16,275,272 | 14,994,937 | 13,959,986 | 13,700,527 | 12,000,767 | 14,111,881 | 10,542,237 | 10,571,446 | 9,975,570 | 8,371,120 |
total assets | 24,191,113 | 25,722,938 | 18,775,718 | 16,451,223 | 14,180,839 | 16,400,596 | 15,146,263 | 14,121,166 | 13,872,570 | 12,193,402 | 14,323,038 | 10,772,966 | 10,824,929 | 10,332,308 | 8,792,445 |
Bank overdraft | 396,091 | 359,018 | 246,513 | 222 | |||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 2,655,780 | 1,531,584 | 922,136 | 517,407 | 215,875 | 108,817 | 106,280 | 85,565 | 61,836 | 592,023 | 249,316 | 37,158 | 68,622 | 82,516 | 53,529 |
Group/Directors Accounts | 1,278,873 | 6,309,162 | 3,648,073 | 2,233,244 | 712,552 | 1,382,920 | 974,708 | 262,598 | 2,262,390 | 6,187 | 4,321,697 | 2,673,451 | 2,120,660 | 2,928,496 | 2,324,227 |
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 9,329,110 | 9,595,810 | 6,424,836 | 5,838,350 | 4,981,973 | 6,454,223 | 6,322,550 | 6,086,957 | 4,200,091 | 3,179,749 | 2,483,196 | 1,236,142 | 1,859,880 | 1,199,760 | 977,530 |
total current liabilities | 13,263,763 | 17,436,556 | 10,995,045 | 8,589,001 | 5,910,400 | 7,945,960 | 7,403,538 | 6,435,120 | 6,524,317 | 4,174,050 | 7,054,209 | 3,946,751 | 4,408,180 | 4,457,285 | 3,355,508 |
loans | |||||||||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | |||||||||||||||
provisions | 14,048 | 9,078 | 10,872 | 6,472 | 4,029 | 5,175 | 5,185 | 5,348 | 6,363 | 6,740 | 7,596 | 7,739 | 7,775 | 20,766 | 30,076 |
total long term liabilities | 14,048 | 9,078 | 10,872 | 6,472 | 4,029 | 5,175 | 5,185 | 5,348 | 6,363 | 6,740 | 7,596 | 7,739 | 7,775 | 20,766 | 30,076 |
total liabilities | 13,277,811 | 17,445,634 | 11,005,917 | 8,595,473 | 5,914,429 | 7,951,135 | 7,408,723 | 6,440,468 | 6,530,680 | 4,180,790 | 7,061,805 | 3,954,490 | 4,415,955 | 4,478,051 | 3,385,584 |
net assets | 10,913,302 | 8,277,304 | 7,769,801 | 7,855,750 | 8,266,410 | 8,449,461 | 7,737,540 | 7,680,698 | 7,341,890 | 8,012,612 | 7,261,233 | 6,818,476 | 6,408,974 | 5,854,257 | 5,406,861 |
total shareholders funds | 10,913,302 | 8,277,304 | 7,769,801 | 7,855,750 | 8,266,410 | 8,449,461 | 7,737,540 | 7,680,698 | 7,341,890 | 8,012,612 | 7,261,233 | 6,818,476 | 6,408,974 | 5,854,257 | 5,406,861 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
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Operating Activities | |||||||||||||||
Operating Profit | 3,785,424 | 1,731,452 | 368,454 | -482,752 | 747,612 | 937,106 | 1,981,319 | 1,726,843 | 1,080,946 | 1,021,159 | 879,464 | 607,275 | 804,040 | 628,247 | 755,896 |
Depreciation | 22,439 | 11,463 | 9,842 | 7,115 | 7,780 | 8,537 | 9,854 | 10,863 | 14,175 | 16,130 | 19,343 | 22,754 | 26,117 | 42,832 | 59,258 |
Amortisation | |||||||||||||||
Tax | -856,845 | -380,482 | -104,443 | 71,874 | -183,287 | -222,746 | -422,179 | -379,183 | -362,935 | -259,385 | -237,698 | -174,952 | -238,750 | -204,374 | -244,908 |
Stock | |||||||||||||||
Debtors | -3,646,272 | 3,603,857 | 1,325,134 | 3,291,808 | -941,736 | 973,500 | -701,437 | 3,651,655 | -742,317 | -995,956 | 1,981,579 | 136,738 | 985,628 | 2,034,813 | 5,901,054 |
Creditors | 1,124,196 | 609,448 | 404,729 | 301,532 | 107,058 | 2,537 | 20,715 | 23,729 | -530,187 | 342,707 | 212,158 | -31,464 | -13,894 | 28,987 | 53,529 |
Accruals and Deferred Income | -266,700 | 3,170,974 | 586,486 | 856,377 | -1,472,250 | 131,673 | 235,593 | 1,886,866 | 1,020,342 | 696,553 | 1,247,054 | -623,738 | 660,120 | 222,230 | 977,530 |
Deferred Taxes & Provisions | 4,970 | -1,794 | 4,400 | 2,443 | -1,146 | -10 | -163 | -1,015 | -377 | -856 | -143 | -36 | -12,991 | -9,310 | 30,076 |
Cash flow from operations | 7,459,756 | 1,537,204 | -55,666 | -2,535,219 | 147,503 | -116,403 | 2,526,576 | -383,552 | 1,964,281 | 2,812,264 | 138,599 | -336,899 | 239,014 | -1,326,201 | -4,269,673 |
Investing Activities | |||||||||||||||
capital expenditure | -2,281 | 10,201 | -278 | -365 | |||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | -2,281 | 10,201 | -278 | -365 | |||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | -5,030,289 | 2,661,089 | 1,414,829 | 1,520,692 | -670,368 | 408,212 | 712,110 | -1,999,792 | 2,256,203 | -4,315,510 | 1,648,246 | 552,791 | -807,836 | 604,269 | 2,324,227 |
Other Short Term Loans | |||||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | 107,419 | 6,533 | 40 | 218 | 2,624 | -2,439 | -2,298 | -8,852 | -13,733 | -10,395 | -19,009 | -22,821 | -10,573 | 23,523 | 14,844 |
cash flow from financing | -4,922,870 | 2,667,622 | 1,414,869 | 1,520,910 | -667,744 | 405,773 | 709,812 | -2,008,644 | 2,242,470 | -4,325,905 | 1,629,237 | 529,970 | -818,409 | 627,792 | 7,231,050 |
cash and cash equivalents | |||||||||||||||
cash | 2,098,813 | 3,355,333 | 987,219 | -1,014,309 | -1,270,241 | 306,835 | 1,736,388 | -3,392,196 | 2,442,077 | -1,115,158 | 1,588,065 | -165,947 | -389,752 | -430,363 | 2,470,066 |
overdraft | -396,091 | 396,091 | -359,018 | 112,505 | 246,291 | 222 | |||||||||
change in cash | 2,098,813 | 3,355,333 | 987,219 | -1,014,309 | -1,270,241 | 306,835 | 1,736,388 | -3,392,196 | 2,838,168 | -1,511,249 | 1,588,065 | 193,071 | -502,257 | -676,654 | 2,469,844 |
v.g.clements (contractors) limited Credit Report and Business Information
V.g.clements (contractors) Limited Competitor Analysis
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Perform a competitor analysis for v.g.clements (contractors) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in HA4 area or any other competitors across 12 key performance metrics.
v.g.clements (contractors) limited Ownership
V.G.CLEMENTS (CONTRACTORS) LIMITED group structure
V.G.Clements (Contractors) Limited has no subsidiary companies.
v.g.clements (contractors) limited directors
V.G.Clements (Contractors) Limited currently has 5 directors. The longest serving directors include Mr Matthew Fitzpatrick (Nov 1991) and Mr Laurence McKidd (Sep 1998).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Matthew Fitzpatrick | 79 years | Nov 1991 | - | Director | |
Mr Laurence McKidd | United Kingdom | 70 years | Sep 1998 | - | Director |
Mrs Ciara Pryce | United Kingdom | 45 years | Nov 2006 | - | Director |
Mr Christopher Ryan | United Kingdom | 45 years | Nov 2012 | - | Director |
Mr Stephen Kenny | United Kingdom | 51 years | Jul 2024 | - | Director |
P&L
December 2023turnover
111.5m
+29%
operating profit
3.8m
+119%
gross margin
11.5%
+3.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.9m
+0.32%
total assets
24.2m
-0.06%
cash
7.2m
+0.41%
net assets
Total assets minus all liabilities
v.g.clements (contractors) limited company details
company number
00651051
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
March 1960
age
65
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ABBOTS
address
cardinal house, bury street, ruislip, HA4 7GD
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
v.g.clements (contractors) 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 found 2 charges/mortgages relating to v.g.clements (contractors) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
v.g.clements (contractors) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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v.g.clements (contractors) limited Companies House Filings - See Documents
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