v.g.clements (contractors) limited

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v.g.clements (contractors) limited Company Information

Share V.G.CLEMENTS (CONTRACTORS) LIMITED

Company Number

00651051

Shareholders

vgc group ltd

Group Structure

View All

Industry

Temporary employment agency activities

 +1

Registered Address

cardinal house, bury street, ruislip, HA4 7GD

v.g.clements (contractors) limited Estimated Valuation

£32.9m

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

£17.9m

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

£17m

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

2 Weak

size

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

growth

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

production

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

profitability

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

employees

Employees

with 1480 employees, this is above the industry average (51)

1480 - V.g.clements (contractors) Limited

51 - Industry AVG

paystructure

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

efficiency

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

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - V.g.clements (contractors) Limited

- - Industry AVG

cashbalance

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

debtlevel

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover111,451,94186,717,22660,590,68941,014,56754,842,52663,174,82161,736,03453,077,22041,755,56935,423,49028,828,95120,749,77222,503,89518,353,07722,629,714
Other Income Or Grants149,5984,503,165
Cost Of Sales98,653,35577,097,53054,286,29541,710,21947,152,73855,287,41153,558,21046,416,18835,231,37330,402,94724,591,90017,162,99418,578,97514,852,11117,603,643
Gross Profit12,798,5869,619,6966,453,9923,807,5137,689,7887,887,4108,177,8246,661,0326,524,1965,020,5434,237,0513,586,7783,924,9203,500,9665,026,071
Admin Expenses9,013,1627,888,2446,085,5384,290,2656,942,1766,950,3046,196,5054,934,1895,443,2503,999,3843,357,5872,979,5033,120,8802,872,7194,270,175
Operating Profit3,785,4241,731,452368,454-482,752747,612937,1061,981,3191,726,8431,080,9461,021,159879,464607,275804,040628,247755,896
Interest Payable5,265220220112,4392,31710,29327,14525,59235,24142,15634,3683206,204
Interest Receivable112,6846,5332604382,635191,44113,41215,19716,23219,33523,79523,84321,048
Pre-Tax Profit3,892,8431,737,985368,494-482,534750,236934,6671,979,0211,717,9911,067,2131,010,764860,455584,454793,467651,770770,740
Tax-856,845-380,482-104,44371,874-183,287-222,746-422,179-379,183-362,935-259,385-237,698-174,952-238,750-204,374-244,908
Profit After Tax3,035,9981,357,503264,051-410,660566,949711,9211,556,8421,338,808704,278751,379622,757409,502554,717447,396525,832
Dividends Paid400,000850,000350,000750,0001,500,0001,000,0001,375,000180,00010,950
Retained Profit2,635,998507,503-85,949-410,660-183,051711,92156,842338,808-670,722751,379442,757409,502554,717447,396514,882
Employee Costs71,781,58861,969,85645,565,06133,565,11843,271,57051,162,28450,000,31941,826,41427,545,23821,214,00916,555,92211,296,91316,436,00215,409,92218,184,788
Number Of Employees1,4801,2609845628209831,153991800600535365508448504
EBITDA*3,807,8631,742,915378,296-475,637755,392945,6431,991,1731,737,7061,095,1211,037,289898,807630,029830,157671,079815,154

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets126,235110,601122,571110,429117,544125,324151,326161,180172,043192,635211,157230,729253,483356,738421,325
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets126,235110,601122,571110,429117,544125,324151,326161,180172,043192,635211,157230,729253,483356,738421,325
Stock & work in progress
Trade Debtors16,157,57815,097,2248,465,2596,238,8918,015,5799,487,93310,348,14010,229,9028,237,5097,792,7436,018,0483,655,3454,166,9352,842,6542,524,600
Group Debtors327,3035,097,8198,115,0929,182,7473,969,5563,408,8071,760,2422,583,185963,7751,851,7944,524,0014,932,7224,046,0164,649,1193,024,386
Misc Debtors373,167309,277320,112153,691298,386328,517143,375140,107100,255399,319497,763470,166708,544444,094352,068
Cash7,206,8305,108,0171,752,684765,4651,779,7743,050,0152,743,1801,006,7924,398,9881,956,9113,072,0691,484,0041,649,9512,039,7032,470,066
misc current assets
total current assets24,064,87825,612,33718,653,14716,340,79414,063,29516,275,27214,994,93713,959,98613,700,52712,000,76714,111,88110,542,23710,571,4469,975,5708,371,120
total assets24,191,11325,722,93818,775,71816,451,22314,180,83916,400,59615,146,26314,121,16613,872,57012,193,40214,323,03810,772,96610,824,92910,332,3088,792,445
Bank overdraft396,091359,018246,513222
Bank loan
Trade Creditors 2,655,7801,531,584922,136517,407215,875108,817106,28085,56561,836592,023249,31637,15868,62282,51653,529
Group/Directors Accounts1,278,8736,309,1623,648,0732,233,244712,5521,382,920974,708262,5982,262,3906,1874,321,6972,673,4512,120,6602,928,4962,324,227
other short term finances
hp & lease commitments
other current liabilities9,329,1109,595,8106,424,8365,838,3504,981,9736,454,2236,322,5506,086,9574,200,0913,179,7492,483,1961,236,1421,859,8801,199,760977,530
total current liabilities13,263,76317,436,55610,995,0458,589,0015,910,4007,945,9607,403,5386,435,1206,524,3174,174,0507,054,2093,946,7514,408,1804,457,2853,355,508
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions14,0489,07810,8726,4724,0295,1755,1855,3486,3636,7407,5967,7397,77520,76630,076
total long term liabilities14,0489,07810,8726,4724,0295,1755,1855,3486,3636,7407,5967,7397,77520,76630,076
total liabilities13,277,81117,445,63411,005,9178,595,4735,914,4297,951,1357,408,7236,440,4686,530,6804,180,7907,061,8053,954,4904,415,9554,478,0513,385,584
net assets10,913,3028,277,3047,769,8017,855,7508,266,4108,449,4617,737,5407,680,6987,341,8908,012,6127,261,2336,818,4766,408,9745,854,2575,406,861
total shareholders funds10,913,3028,277,3047,769,8017,855,7508,266,4108,449,4617,737,5407,680,6987,341,8908,012,6127,261,2336,818,4766,408,9745,854,2575,406,861
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,785,4241,731,452368,454-482,752747,612937,1061,981,3191,726,8431,080,9461,021,159879,464607,275804,040628,247755,896
Depreciation22,43911,4639,8427,1157,7808,5379,85410,86314,17516,13019,34322,75426,11742,83259,258
Amortisation
Tax-856,845-380,482-104,44371,874-183,287-222,746-422,179-379,183-362,935-259,385-237,698-174,952-238,750-204,374-244,908
Stock
Debtors-3,646,2723,603,8571,325,1343,291,808-941,736973,500-701,4373,651,655-742,317-995,9561,981,579136,738985,6282,034,8135,901,054
Creditors1,124,196609,448404,729301,532107,0582,53720,71523,729-530,187342,707212,158-31,464-13,89428,98753,529
Accruals and Deferred Income-266,7003,170,974586,486856,377-1,472,250131,673235,5931,886,8661,020,342696,5531,247,054-623,738660,120222,230977,530
Deferred Taxes & Provisions4,970-1,7944,4002,443-1,146-10-163-1,015-377-856-143-36-12,991-9,31030,076
Cash flow from operations7,459,7561,537,204-55,666-2,535,219147,503-116,4032,526,576-383,5521,964,2812,812,264138,599-336,899239,014-1,326,201-4,269,673
Investing Activities
capital expenditure17,465-2,28110,201-278-365
Change in Investments
cash flow from investments17,465-2,28110,201-278-365
Financing Activities
Bank loans
Group/Directors Accounts-5,030,2892,661,0891,414,8291,520,692-670,368408,212712,110-1,999,7922,256,203-4,315,5101,648,246552,791-807,836604,2692,324,227
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue4,891,979
interest107,4196,533402182,624-2,439-2,298-8,852-13,733-10,395-19,009-22,821-10,57323,52314,844
cash flow from financing-4,922,8702,667,6221,414,8691,520,910-667,744405,773709,812-2,008,6442,242,470-4,325,9051,629,237529,970-818,409627,7927,231,050
cash and cash equivalents
cash2,098,8133,355,333987,219-1,014,309-1,270,241306,8351,736,388-3,392,1962,442,077-1,115,1581,588,065-165,947-389,752-430,3632,470,066
overdraft-396,091396,091-359,018112,505246,291222
change in cash2,098,8133,355,333987,219-1,014,309-1,270,241306,8351,736,388-3,392,1962,838,168-1,511,2491,588,065193,071-502,257-676,6542,469,844

v.g.clements (contractors) 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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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.

Ultimate parent company

1 parent

V.G.CLEMENTS (CONTRACTORS) LIMITED

00651051

V.G.CLEMENTS (CONTRACTORS) LIMITED Shareholders

vgc group ltd 100%

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).

officercountryagestartendrole
Mr Matthew Fitzpatrick79 years Nov 1991- Director
Mr Laurence McKiddUnited Kingdom70 years Sep 1998- Director
Mrs Ciara PryceUnited Kingdom45 years Nov 2006- Director
Mr Christopher RyanUnited Kingdom45 years Nov 2012- Director
Mr Stephen KennyUnited Kingdom51 years Jul 2024- Director

P&L

December 2023

turnover

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 2023

net 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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