skillforce limited
skillforce limited Company Information
Company Number
01335883
Next Accounts
3838 days late
Shareholders
mr bernard wright
mr michael joseph mccormick
View AllGroup Structure
View All
Industry
Manufacture of machinery for paper and paperboard production
Registered Address
340 deansgate, manchester, M3 4LY
Website
http://parsonsreiss.comskillforce limited Estimated Valuation
Pomanda estimates the enterprise value of SKILLFORCE LIMITED at £1.1m based on a Turnover of £2.2m and 0.5x industry multiple (adjusted for size and gross margin).
skillforce limited Estimated Valuation
Pomanda estimates the enterprise value of SKILLFORCE LIMITED at £0 based on an EBITDA of £-388.1k and a 4.12x industry multiple (adjusted for size and gross margin).
skillforce limited Estimated Valuation
Pomanda estimates the enterprise value of SKILLFORCE LIMITED at £0 based on Net Assets of £-799.8k and 1.88x industry multiple (adjusted for liquidity).
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Skillforce Limited Overview
Skillforce Limited is a live company located in manchester, M3 4LY with a Companies House number of 01335883. It operates in the manufacture of machinery for paper and paperboard production sector, SIC Code 28950. Founded in October 1977, it's largest shareholder is mr bernard wright with a 76% stake. Skillforce Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with unknown growth in recent years.
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Skillforce Limited Health Check
Pomanda's financial health check has awarded Skillforce Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£5.9m)
- Skillforce Limited
£5.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Skillforce Limited
- - Industry AVG
Production
with a gross margin of 31.1%, this company has a comparable cost of product (33.1%)
- Skillforce Limited
33.1% - Industry AVG
Profitability
an operating margin of -18.5% make it less profitable than the average company (7.4%)
- Skillforce Limited
7.4% - Industry AVG
Employees
with 12 employees, this is below the industry average (68)
- Skillforce Limited
68 - Industry AVG
Pay Structure
on an average salary of £38.9k, the company has an equivalent pay structure (£38.9k)
- Skillforce Limited
£38.9k - Industry AVG
Efficiency
resulting in sales per employee of £180.5k, this is more efficient (£151.8k)
- Skillforce Limited
£151.8k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (54 days)
- Skillforce Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 299 days, this is slower than average (54 days)
- Skillforce Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is less than average (109 days)
- Skillforce Limited
109 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (30 weeks)
1 weeks - Skillforce Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 209.5%, this is a higher level of debt than the average (29.9%)
209.5% - Skillforce Limited
29.9% - Industry AVG
SKILLFORCE LIMITED financials
Skillforce Limited's latest turnover from December 2012 is estimated at £2.2 million and the company has net assets of -£799.8 thousand. According to their latest financial statements, we estimate that Skillforce Limited has 12 employees and maintains cash reserves of £34 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|
| Tangible Assets | 47,308 | 62,172 | 76,382 | 59,976 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 47,308 | 62,172 | 76,382 | 59,976 |
| Stock & work in progress | 186,714 | 495,174 | 608,100 | 419,461 |
| Trade Debtors | 462,529 | 538,825 | 709,273 | 373,684 |
| Group Debtors | ||||
| Misc Debtors | ||||
| Cash | 33,992 | 66,959 | 96,834 | 17,905 |
| misc current assets | ||||
| total current assets | 683,235 | 1,100,958 | 1,414,207 | 811,050 |
| total assets | 730,543 | 1,163,130 | 1,490,589 | 871,026 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 1,222,652 | 1,311,660 | 1,732,393 | 1,176,592 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 1,222,652 | 1,311,660 | 1,732,393 | 1,176,592 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 307,672 | 250,192 | 264,190 | |
| provisions | ||||
| total long term liabilities | 307,672 | 250,192 | 264,190 | |
| total liabilities | 1,530,324 | 1,561,852 | 1,996,583 | 1,176,592 |
| net assets | -799,781 | -398,722 | -505,994 | -305,566 |
| total shareholders funds | -799,781 | -398,722 | -505,994 | -305,566 |
| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 13,188 | 14,485 | 12,028 | 10,981 |
| Amortisation | ||||
| Tax | ||||
| Stock | -308,460 | -112,926 | 188,639 | 419,461 |
| Debtors | -76,296 | -170,448 | 335,589 | 373,684 |
| Creditors | -89,008 | -420,733 | 555,801 | 1,176,592 |
| Accruals and Deferred Income | ||||
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | 57,480 | -13,998 | 264,190 | |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -32,967 | -29,875 | 78,929 | 17,905 |
| overdraft | ||||
| change in cash | -32,967 | -29,875 | 78,929 | 17,905 |
skillforce limited Credit Report and Business Information
Skillforce Limited Competitor Analysis
Perform a competitor analysis for skillforce limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.
skillforce limited Ownership
SKILLFORCE LIMITED group structure
Skillforce Limited has no subsidiary companies.
Ultimate parent company
SKILLFORCE LIMITED
01335883
skillforce limited directors
Skillforce Limited currently has 3 directors. The longest serving directors include Mr Bernard Wright (Oct 1991) and Mr Christopher Wright (Nov 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bernard Wright | 87 years | Oct 1991 | - | Director | |
| Mr Christopher Wright | 59 years | Nov 2008 | - | Director | |
| Ms Wendy Brook | 65 years | Nov 2008 | - | Director |
P&L
December 2012turnover
2.2m
-17%
operating profit
-401.3k
0%
gross margin
31.2%
-3.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2012net assets
-799.8k
+1.01%
total assets
730.5k
-0.37%
cash
34k
-0.49%
net assets
Total assets minus all liabilities
skillforce limited company details
company number
01335883
Type
Private limited with Share Capital
industry
28950 - Manufacture of machinery for paper and paperboard production
incorporation date
October 1977
age
48
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
December 2012
previous names
N/A
accountant
-
auditor
-
address
340 deansgate, manchester, M3 4LY
Bank
-
Legal Advisor
-
skillforce 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 5 charges/mortgages relating to skillforce limited. Currently there are 4 open charges and 1 have been satisfied in the past.
skillforce 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.
Click to start generating capital raising & share issue transactions for SKILLFORCE LIMITED. This can take several minutes, an email will notify you when this has completed.
skillforce limited Companies House Filings - See Documents
| date | description | view/download |
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