working environments limited
working environments limited Company Information
Company Number
01562075
Next Accounts
601 days late
Shareholders
t.e. & p.e. group ltd
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
+2Registered Address
c/o begbies traynor (london) llp, 40 bank street, london, E14 5NR
working environments limited Estimated Valuation
Pomanda estimates the enterprise value of WORKING ENVIRONMENTS LIMITED at £22.3m based on a Turnover of £34.1m and 0.66x industry multiple (adjusted for size and gross margin).
working environments limited Estimated Valuation
Pomanda estimates the enterprise value of WORKING ENVIRONMENTS LIMITED at £11.1m based on an EBITDA of £1.8m and a 6.27x industry multiple (adjusted for size and gross margin).
working environments limited Estimated Valuation
Pomanda estimates the enterprise value of WORKING ENVIRONMENTS LIMITED at £11.2m based on Net Assets of £4.3m and 2.57x industry multiple (adjusted for liquidity).
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Working Environments Limited Overview
Working Environments Limited is a live company located in london, E14 5NR with a Companies House number of 01562075. It operates in the electrical installation sector, SIC Code 43210. Founded in May 1981, it's largest shareholder is t.e. & p.e. group ltd with a 100% stake. Working Environments Limited is a mature, large sized company, Pomanda has estimated its turnover at £34.1m with declining growth in recent years.
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Working Environments Limited Health Check
Pomanda's financial health check has awarded Working Environments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £34.1m, make it larger than the average company (£2.4m)
£34.1m - Working Environments Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.4%)
-2% - Working Environments Limited
1.4% - Industry AVG
Production
with a gross margin of 16.3%, this company has a higher cost of product (26%)
16.3% - Working Environments Limited
26% - Industry AVG
Profitability
an operating margin of 5.2% make it as profitable than the average company (5.9%)
5.2% - Working Environments Limited
5.9% - Industry AVG
Employees
with 45 employees, this is above the industry average (19)
45 - Working Environments Limited
19 - Industry AVG
Pay Structure
on an average salary of £68.8k, the company has a higher pay structure (£38.7k)
£68.8k - Working Environments Limited
£38.7k - Industry AVG
Efficiency
resulting in sales per employee of £756.8k, this is more efficient (£122.7k)
£756.8k - Working Environments Limited
£122.7k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (63 days)
63 days - Working Environments Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (46 days)
28 days - Working Environments Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (10 days)
2 days - Working Environments Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (26 weeks)
0 weeks - Working Environments Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.9%, this is a similar level of debt than the average (64.8%)
63.9% - Working Environments Limited
64.8% - Industry AVG
WORKING ENVIRONMENTS LIMITED financials
Working Environments Limited's latest turnover from September 2021 is £34.1 million and the company has net assets of £4.3 million. According to their latest financial statements, Working Environments Limited has 45 employees and maintains cash reserves of £11.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 34,056,687 | 38,219,907 | 29,365,619 | 36,573,062 | 19,777,779 | 26,245,836 | 23,055,562 | 32,911,871 | 24,349,662 | 24,469,498 | 25,519,956 | 22,430,666 | 20,685,702 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 28,498,932 | 32,075,563 | 25,095,760 | 31,380,855 | 16,511,050 | 22,319,000 | 18,819,771 | 27,525,450 | 20,312,524 | 19,592,931 | 20,936,419 | 17,432,878 | 17,286,107 |
| Gross Profit | 5,557,755 | 6,144,344 | 4,269,859 | 5,192,207 | 3,266,729 | 3,926,836 | 4,235,791 | 5,386,421 | 4,037,138 | 4,876,567 | 4,583,537 | 4,997,788 | 3,399,595 |
| Admin Expenses | 3,793,428 | 3,776,720 | 5,078,842 | 3,926,277 | 2,891,603 | 2,612,003 | 3,932,416 | 3,359,100 | 3,455,007 | 3,274,918 | 2,965,690 | 2,957,224 | 2,185,399 |
| Operating Profit | 1,764,327 | 2,367,624 | -808,983 | 1,265,930 | 375,126 | 1,314,833 | 303,375 | 2,027,321 | 582,131 | 1,601,649 | 1,617,847 | 2,040,564 | 1,214,196 |
| Interest Payable | 0 | 200 | 406 | 0 | 695 | 268 | 1,126 | 383 | 0 | 370 | 0 | 154 | |
| Interest Receivable | 3,638 | 24,755 | 5,223 | 7,582 | 2,844 | 11,071 | 16,861 | 37,045 | 29,616 | 27,664 | 32,917 | 24,023 | 22,378 |
| Pre-Tax Profit | 1,767,965 | 2,392,179 | -804,166 | 1,273,512 | 377,275 | 1,325,636 | 319,110 | 2,063,983 | 611,747 | 1,629,313 | 1,650,394 | 2,064,587 | 1,236,420 |
| Tax | -339,185 | -339,637 | 227,941 | -271,244 | -87,493 | -273,739 | -82,446 | -471,053 | -169,979 | -438,635 | -474,090 | -603,174 | -368,417 |
| Profit After Tax | 1,428,780 | 2,052,542 | -576,225 | 1,002,268 | 289,782 | 1,051,897 | 236,664 | 1,592,930 | 441,768 | 1,190,678 | 1,176,304 | 1,461,413 | 868,003 |
| Dividends Paid | 500,000 | 500,000 | 0 | 0 | 239,782 | 1,000,000 | 4,000,000 | 1,000,000 | 0 | 350,000 | 750,000 | 0 | 650,000 |
| Retained Profit | 928,780 | 1,552,542 | -576,225 | 1,002,268 | 50,000 | 51,897 | -3,763,336 | 592,930 | 441,768 | 840,678 | 426,304 | 1,461,413 | 218,003 |
| Employee Costs | 3,096,116 | 3,540,123 | 3,214,647 | 4,104,036 | 3,223,235 | 3,133,989 | 3,108,340 | 2,909,723 | 3,653,870 | 3,510,120 | 3,099,078 | 2,720,553 | 2,670,938 |
| Number Of Employees | 45 | 47 | 52 | 64 | 53 | 51 | 54 | 67 | 72 | 69 | 61 | 58 | 58 |
| EBITDA* | 1,764,327 | 2,367,624 | -808,983 | 1,265,930 | 375,126 | 1,314,833 | 303,375 | 2,027,321 | 582,131 | 1,601,649 | 1,617,847 | 2,040,564 | 1,214,196 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 200,141 | 54,146 | 303,148 | 129,698 | 475,550 | 62,116 | 332,572 | 77,825 | 187,477 | 176,430 | 150,441 | 30,348 | 75,151 |
| Trade Debtors | 5,904,788 | 6,130,473 | 6,952,312 | 6,002,027 | 5,664,715 | 4,146,855 | 6,164,349 | 2,684,649 | 3,379,706 | 3,299,621 | 2,966,282 | 2,281,759 | 1,394,988 |
| Group Debtors | 4,730,740 | 8,331,132 | 1,929,857 | 2,868,794 | 1,600,536 | 2,348,740 | 455 | 5,305,485 | 8,304,089 | 6,251,551 | 7,155,007 | 7,452,909 | 4,998,300 |
| Misc Debtors | 1,195,455 | 648,774 | 1,676,854 | 569,986 | 587,048 | 1,084,631 | 791,343 | 556,839 | 355,226 | 125,742 | 222,640 | 114,242 | 157,016 |
| Cash | 11,375 | 49,071 | 13,500 | 10,400 | 7,675 | 7,225 | 1,905,624 | 2,592,675 | 10,875 | 10,328 | 10,925 | 11,128 | 9,575 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,042,499 | 15,213,596 | 10,875,671 | 9,580,905 | 8,335,524 | 7,649,567 | 9,194,343 | 11,217,473 | 12,237,373 | 9,863,672 | 10,505,295 | 9,890,386 | 6,635,030 |
| total assets | 12,042,499 | 15,213,596 | 10,875,671 | 9,580,905 | 8,335,524 | 7,649,567 | 9,194,343 | 11,217,473 | 12,237,373 | 9,863,672 | 10,505,295 | 9,890,386 | 6,635,030 |
| Bank overdraft | 818,913 | 1,795,706 | 850,444 | 2,325,217 | 1,418,179 | 230,626 | 0 | 0 | 49,058 | 4,591 | 1,224,002 | 882,820 | 817,492 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,235,114 | 2,798,541 | 3,156,727 | 3,899,173 | 3,700,874 | 4,958,141 | 6,850,604 | 4,894,698 | 6,890,525 | 4,229,316 | 3,633,334 | 3,945,514 | 2,800,402 |
| Group/Directors Accounts | 383,938 | 701,930 | 213,097 | 0 | 1,274,020 | 422,519 | 31,505 | 280,944 | 370,847 | 504,989 | 579,645 | 374,702 | 261,733 |
| other short term finances | 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 |
| other current liabilities | 4,262,350 | 6,504,016 | 4,794,542 | 919,429 | 507,633 | 653,463 | 979,313 | 945,574 | 423,616 | 1,063,217 | 1,847,433 | 1,892,773 | 1,422,239 |
| total current liabilities | 7,700,315 | 11,800,193 | 9,014,810 | 7,143,819 | 6,900,706 | 6,264,749 | 7,861,422 | 6,121,216 | 7,734,046 | 5,802,113 | 7,284,414 | 7,095,809 | 5,301,866 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 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 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 7,700,315 | 11,800,193 | 9,014,810 | 7,143,819 | 6,900,706 | 6,264,749 | 7,861,422 | 6,121,216 | 7,734,046 | 5,802,113 | 7,284,414 | 7,095,809 | 5,301,866 |
| net assets | 4,342,184 | 3,413,403 | 1,860,861 | 2,437,086 | 1,434,818 | 1,384,818 | 1,332,921 | 5,096,257 | 4,503,327 | 4,061,559 | 3,220,881 | 2,794,577 | 1,333,164 |
| total shareholders funds | 4,342,184 | 3,413,403 | 1,860,861 | 2,437,086 | 1,434,818 | 1,384,818 | 1,332,921 | 5,096,257 | 4,503,327 | 4,061,559 | 3,220,881 | 2,794,577 | 1,333,164 |
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 1,764,327 | 2,367,624 | -808,983 | 1,265,930 | 375,126 | 1,314,833 | 303,375 | 2,027,321 | 582,131 | 1,601,649 | 1,617,847 | 2,040,564 | 1,214,196 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -339,185 | -339,637 | 227,941 | -271,244 | -87,493 | -273,739 | -82,446 | -471,053 | -169,979 | -438,635 | -474,090 | -603,174 | -368,417 |
| Stock | 145,995 | -249,002 | 173,450 | -345,852 | 413,434 | -270,456 | 254,747 | -109,652 | 11,047 | 25,989 | 120,093 | -44,803 | 75,151 |
| Debtors | -3,279,396 | 4,551,356 | 1,118,216 | 1,588,508 | 272,073 | 624,079 | -1,590,826 | -3,492,048 | 2,362,107 | -667,015 | 495,019 | 3,298,606 | 6,550,304 |
| Creditors | -563,427 | -358,186 | -742,446 | 198,299 | -1,257,267 | -1,892,463 | 1,955,906 | -1,995,827 | 2,661,209 | 595,982 | -312,180 | 1,145,112 | 2,800,402 |
| Accruals and Deferred Income | -2,241,666 | 1,709,474 | 3,875,113 | 411,796 | -145,830 | -325,850 | 33,739 | 521,958 | -639,601 | -784,216 | -45,340 | 470,534 | 1,422,239 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,753,450 | -923,079 | 1,259,959 | 362,125 | -1,800,971 | -1,530,842 | 3,546,653 | 3,684,099 | 60,606 | 1,615,806 | 171,125 | -200,767 | -1,557,035 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -317,992 | 488,833 | 213,097 | -1,274,020 | 851,501 | 391,014 | -249,439 | -89,903 | -134,142 | -74,656 | 204,943 | 112,969 | 261,733 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 3,638 | 24,555 | 4,817 | 7,582 | 2,149 | 10,803 | 15,735 | 36,662 | 29,616 | 32,547 | 24,023 | 22,224 | |
| cash flow from financing | -314,353 | 513,388 | 217,914 | -1,266,438 | 853,650 | 401,817 | -233,704 | -53,241 | -104,526 | 237,490 | 136,992 | 1,399,118 | |
| cash and cash equivalents | |||||||||||||
| cash | -37,696 | 35,571 | 3,100 | 2,725 | 450 | -1,898,399 | -687,051 | 2,581,800 | 547 | -597 | -203 | 1,553 | 9,575 |
| overdraft | -976,793 | 945,262 | -1,474,773 | 907,038 | 1,187,553 | 230,626 | 0 | -49,058 | 44,467 | -1,219,411 | 341,182 | 65,328 | 817,492 |
| change in cash | 939,097 | -909,691 | 1,477,873 | -904,313 | -1,187,103 | -2,129,025 | -687,051 | 2,630,858 | -43,920 | 1,218,814 | -341,385 | -63,775 | -807,917 |
working environments limited Credit Report and Business Information
Working Environments Limited Competitor Analysis
Perform a competitor analysis for working environments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
working environments limited Ownership
WORKING ENVIRONMENTS LIMITED group structure
Working Environments Limited has no subsidiary companies.
Ultimate parent company
1 parent
WORKING ENVIRONMENTS LIMITED
01562075
working environments limited directors
Working Environments Limited currently has 4 directors. The longest serving directors include Mr Lee Pickering (Apr 2000) and Mr David Tipping (Oct 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Pickering | 55 years | Apr 2000 | - | Director | |
| Mr David Tipping | 49 years | Oct 2013 | - | Director | |
| Mr Mark Walden | 39 years | Oct 2013 | - | Director | |
| Mr Andrew Haynes | 48 years | Mar 2018 | - | Director |
P&L
September 2021turnover
34.1m
-11%
operating profit
1.8m
-25%
gross margin
16.4%
+1.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2021net assets
4.3m
+0.27%
total assets
12m
-0.21%
cash
11.4k
-0.77%
net assets
Total assets minus all liabilities
working environments limited company details
company number
01562075
Type
Private limited with Share Capital
industry
43210 - Electrical installation
43220 - Plumbing, heat and air-conditioning installation
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
May 1981
age
44
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2021
previous names
t.c. installations limited (February 1993)
accountant
-
auditor
BDO LLP
address
c/o begbies traynor (london) llp, 40 bank street, london, E14 5NR
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
FENWICK ELLICOTT LLP PARIS SMITH LLP
working environments 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 8 charges/mortgages relating to working environments limited. Currently there are 2 open charges and 6 have been satisfied in the past.
working environments 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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working environments limited Companies House Filings - See Documents
| date | description | view/download |
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