workman facilities management limited
workman facilities management limited Company Information
Company Number
01738742
Next Accounts
Jan 2026
Shareholders
workman llp
najib ghantous
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
80 cheapside, london, EC2V 6EE
Website
www.workman.co.ukworkman facilities management limited Estimated Valuation
Pomanda estimates the enterprise value of WORKMAN FACILITIES MANAGEMENT LIMITED at £61.6m based on a Turnover of £23.3m and 2.65x industry multiple (adjusted for size and gross margin).
workman facilities management limited Estimated Valuation
Pomanda estimates the enterprise value of WORKMAN FACILITIES MANAGEMENT LIMITED at £18.7m based on an EBITDA of £2.7m and a 6.97x industry multiple (adjusted for size and gross margin).
workman facilities management limited Estimated Valuation
Pomanda estimates the enterprise value of WORKMAN FACILITIES MANAGEMENT LIMITED at £6.7m based on Net Assets of £3.7m and 1.82x industry multiple (adjusted for liquidity).
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Workman Facilities Management Limited Overview
Workman Facilities Management Limited is a live company located in london, EC2V 6EE with a Companies House number of 01738742. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in July 1983, it's largest shareholder is workman llp with a 96.9% stake. Workman Facilities Management Limited is a mature, large sized company, Pomanda has estimated its turnover at £23.3m with healthy growth in recent years.
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Workman Facilities Management Limited Health Check
Pomanda's financial health check has awarded Workman Facilities Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £23.3m, make it larger than the average company (£379k)
£23.3m - Workman Facilities Management Limited
£379k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.3%)
7% - Workman Facilities Management Limited
6.3% - Industry AVG
Production
with a gross margin of 22.5%, this company has a higher cost of product (68.7%)
22.5% - Workman Facilities Management Limited
68.7% - Industry AVG
Profitability
an operating margin of 11.1% make it more profitable than the average company (7.6%)
11.1% - Workman Facilities Management Limited
7.6% - Industry AVG
Employees
with 331 employees, this is above the industry average (6)
331 - Workman Facilities Management Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.6k, the company has an equivalent pay structure (£40.7k)
£48.6k - Workman Facilities Management Limited
£40.7k - Industry AVG
Efficiency
resulting in sales per employee of £70.4k, this is less efficient (£102.1k)
£70.4k - Workman Facilities Management Limited
£102.1k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (50 days)
57 days - Workman Facilities Management Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (28 days)
0 days - Workman Facilities Management Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Workman Facilities Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is average cash available to meet short term requirements (47 weeks)
44 weeks - Workman Facilities Management Limited
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.1%, this is a similar level of debt than the average (57.1%)
56.1% - Workman Facilities Management Limited
57.1% - Industry AVG
WORKMAN FACILITIES MANAGEMENT LIMITED financials
Workman Facilities Management Limited's latest turnover from April 2024 is £23.3 million and the company has net assets of £3.7 million. According to their latest financial statements, Workman Facilities Management Limited has 331 employees and maintains cash reserves of £4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,297,201 | 22,099,617 | 20,074,040 | 19,236,786 | 17,899,967 | 16,621,246 | 16,607,396 | 18,134,445 | 15,958,855 | 13,932,362 | 12,080,851 | 9,644,816 | 8,298,606 | 7,432,819 | 5,718,535 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 18,056,434 | 17,342,653 | 15,791,900 | 15,532,559 | 14,982,863 | 14,750,814 | 15,333,193 | 16,449,702 | 14,306,403 | 12,328,471 | 10,530,879 | 8,692,779 | 7,440,601 | 6,413,761 | 5,030,914 |
| Gross Profit | 5,240,767 | 4,756,964 | 4,282,140 | 3,704,227 | 2,917,104 | 1,870,432 | 1,274,203 | 1,684,743 | 1,652,452 | 1,603,891 | 1,549,972 | 952,037 | 858,005 | 1,019,058 | 687,621 |
| Admin Expenses | 2,646,071 | 2,383,925 | 2,244,026 | 1,204,507 | 705,291 | 132,793 | 111,494 | 156,025 | 153,283 | 189,389 | 214,092 | 190,976 | 302,711 | 742,349 | 338,950 |
| Operating Profit | 2,594,696 | 2,373,039 | 2,038,114 | 2,499,720 | 2,211,813 | 1,737,639 | 1,162,709 | 1,528,718 | 1,499,169 | 1,414,502 | 1,335,880 | 761,061 | 555,294 | 276,709 | 348,671 |
| Interest Payable | |||||||||||||||
| Interest Receivable | 117,365 | 70,768 | 1,864 | 1,303 | 17,895 | 27,827 | 2,798 | 3,750 | 4,119 | 2,424 | 30,270 | 36,243 | 25,710 | 20,214 | 21,073 |
| Pre-Tax Profit | 2,712,061 | 4,492,791 | 2,937,876 | 3,251,023 | 2,229,708 | 1,765,466 | 1,165,507 | 1,532,468 | 1,503,288 | 1,462,183 | 1,391,350 | 824,730 | 581,004 | 296,923 | 369,744 |
| Tax | -693,650 | -471,484 | -391,938 | -475,741 | -420,773 | -333,809 | -216,018 | -312,271 | -300,228 | -318,471 | -315,985 | -174,248 | -138,489 | -59,478 | -88,726 |
| Profit After Tax | 2,018,411 | 4,021,307 | 2,545,938 | 2,775,282 | 1,808,935 | 1,431,657 | 949,489 | 1,220,197 | 1,203,060 | 1,143,712 | 1,075,365 | 650,482 | 442,515 | 237,445 | 281,018 |
| Dividends Paid | 2,000,000 | 1,900,000 | 1,000,000 | 1,010,000 | 2,000,000 | 1,000,000 | 1,326,422 | 740,401 | |||||||
| Retained Profit | 18,411 | 2,121,307 | 1,545,938 | 2,775,282 | 1,808,935 | 421,657 | 949,489 | 1,220,197 | -796,940 | 143,712 | 1,075,365 | -675,940 | 442,515 | 237,445 | -459,383 |
| Employee Costs | 16,098,843 | 15,871,736 | 14,282,949 | 14,182,793 | 13,642,698 | 13,478,097 | 13,907,163 | 14,669,655 | 12,911,459 | 11,219,206 | 9,703,240 | 7,900,419 | 6,816,207 | 5,882,671 | 4,567,754 |
| Number Of Employees | 331 | 338 | 322 | 327 | 331 | 322 | 347 | 400 | 360 | 313 | 296 | 242 | 218 | 197 | 163 |
| EBITDA* | 2,680,178 | 2,403,213 | 2,043,735 | 2,509,315 | 2,227,031 | 1,759,605 | 1,180,307 | 1,535,100 | 1,515,628 | 1,432,866 | 1,355,991 | 776,716 | 568,973 | 289,382 | 355,719 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 335,352 | 171,413 | 45,015 | 9,595 | 30,894 | 52,860 | 44,114 | 5,003 | 28,499 | 46,863 | 63,377 | 18,678 | 29,174 | 32,945 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | 246,040 | 246,040 | 246,040 | 246,040 | 246,038 | 246,036 | 246,036 | 201,103 | 200,103 | 200,103 | 17,207 | 17,207 | |||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 581,392 | 417,453 | 291,055 | 246,040 | 255,633 | 276,930 | 298,896 | 245,217 | 205,106 | 228,602 | 64,070 | 80,584 | 18,678 | 29,174 | 32,945 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 3,696,619 | 3,513,613 | 1,573,532 | 1,756,224 | 631,733 | 638,555 | 540,580 | 597,199 | 1,109,242 | 694,534 | 667,000 | 330,774 | 322,744 | 253,452 | 143,558 |
| Group Debtors | 1,931,870 | 727,846 | 954,000 | 100,000 | 144,145 | 144,145 | 4,647 | 217,396 | 240,284 | 277,940 | 28,100 | 17,307 | 47,207 | 109,014 | |
| Misc Debtors | 113,020 | 921,870 | 34,154 | 39,858 | 55,189 | 50,208 | 30,648 | 98,691 | 97,589 | 41,375 | 61,356 | 36,592 | 30,371 | 64,531 | 49,170 |
| Cash | 3,950,446 | 7,243,973 | 9,526,517 | 7,722,498 | 6,412,549 | 3,100,501 | 2,699,707 | 1,686,042 | 912,607 | 2,078,521 | 1,057,140 | 505,862 | 421,809 | 373,821 | 163,575 |
| misc current assets | 600,000 | ||||||||||||||
| total current assets | 7,760,085 | 13,611,326 | 11,862,049 | 10,472,580 | 7,199,471 | 3,933,409 | 3,415,080 | 2,386,579 | 2,336,834 | 3,054,714 | 2,063,436 | 901,328 | 1,392,231 | 739,011 | 465,317 |
| total assets | 8,341,477 | 14,028,779 | 12,153,104 | 10,718,620 | 7,455,104 | 4,210,339 | 3,713,976 | 2,631,796 | 2,541,940 | 3,283,316 | 2,127,506 | 981,912 | 1,410,909 | 768,185 | 498,262 |
| Bank overdraft | 2,290 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 476 | 43,034 | 65,783 | 31,330 | 407 | 12,080 | 23,396 | 833 | 1,700 | 2,971 | 23,215 | 58,329 | 5,386 | 2,208 | 6,794 |
| Group/Directors Accounts | 189,021 | 978,029 | 1,598,166 | 540,166 | 55,353 | 55,353 | 55,353 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 4,417,702 | 2,677,341 | 1,952,886 | 1,478,656 | 2,079,345 | 1,116,655 | 1,029,564 | 967,035 | 2,048,980 | 2,041,798 | 1,016,156 | 910,814 | 716,814 | 519,883 | 480,529 |
| total current liabilities | 4,607,199 | 2,720,375 | 2,996,698 | 3,108,152 | 2,619,918 | 1,184,088 | 1,108,313 | 967,868 | 2,106,033 | 2,044,769 | 1,039,371 | 969,143 | 722,200 | 522,091 | 489,613 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 73,154 | 30,691 | 1,069 | 8,823 | 1,000 | 6,700 | |||||||||
| total long term liabilities | 73,154 | 30,691 | 1,069 | 8,823 | 1,000 | 6,700 | |||||||||
| total liabilities | 4,680,353 | 2,751,066 | 2,996,698 | 3,108,152 | 2,619,918 | 1,184,088 | 1,109,382 | 976,691 | 2,107,033 | 2,051,469 | 1,039,371 | 969,143 | 722,200 | 522,091 | 489,613 |
| net assets | 3,661,124 | 11,277,713 | 9,156,406 | 7,610,468 | 4,835,186 | 3,026,251 | 2,604,594 | 1,655,105 | 434,907 | 1,231,847 | 1,088,135 | 12,769 | 688,709 | 246,094 | 8,649 |
| total shareholders funds | 3,661,124 | 11,277,713 | 9,156,406 | 7,610,468 | 4,835,186 | 3,026,251 | 2,604,594 | 1,655,105 | 434,907 | 1,231,847 | 1,088,135 | 12,769 | 688,709 | 246,094 | 8,649 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,594,696 | 2,373,039 | 2,038,114 | 2,499,720 | 2,211,813 | 1,737,639 | 1,162,709 | 1,528,718 | 1,499,169 | 1,414,502 | 1,335,880 | 761,061 | 555,294 | 276,709 | 348,671 |
| Depreciation | 85,482 | 30,174 | 5,621 | 9,595 | 15,218 | 21,966 | 17,598 | 6,382 | 16,459 | 18,364 | 20,111 | 15,655 | 13,679 | 12,673 | 7,048 |
| Amortisation | |||||||||||||||
| Tax | -693,650 | -471,484 | -391,938 | -475,741 | -420,773 | -333,809 | -216,018 | -312,271 | -300,228 | -318,471 | -315,985 | -174,248 | -138,489 | -59,478 | -88,726 |
| Stock | |||||||||||||||
| Debtors | -2,557,714 | 4,031,821 | -414,550 | 1,963,160 | -45,986 | 117,535 | 14,836 | -723,690 | 448,034 | -30,103 | 610,830 | 25,044 | 5,232 | 63,448 | 301,742 |
| Creditors | -42,558 | -22,749 | 34,453 | 30,923 | -11,673 | -11,316 | 22,563 | -867 | -1,271 | -20,244 | -35,114 | 52,943 | 3,178 | -4,586 | 6,794 |
| Accruals and Deferred Income | 1,740,361 | 724,455 | 474,230 | -600,689 | 962,690 | 87,091 | 62,529 | -1,081,945 | 7,182 | 1,025,642 | 105,342 | 194,000 | 196,931 | 39,354 | 480,529 |
| Deferred Taxes & Provisions | 42,463 | 30,691 | -1,069 | -7,754 | 7,823 | -5,700 | 6,700 | ||||||||
| Cash flow from operations | 6,284,508 | -1,367,695 | 2,575,030 | -499,352 | 2,803,261 | 1,382,967 | 1,026,791 | 871,530 | 767,577 | 2,156,596 | 499,404 | 824,367 | 625,361 | 201,224 | 452,574 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 2 | 2 | 44,933 | 1,000 | 182,896 | 17,207 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 189,021 | -978,029 | -620,137 | 1,058,000 | 484,813 | 55,353 | -55,353 | 55,353 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 117,365 | 70,768 | 1,864 | 1,303 | 17,895 | 27,827 | 2,798 | 3,750 | 4,119 | 2,424 | 30,270 | 36,243 | 25,710 | 20,214 | 21,073 |
| cash flow from financing | -7,328,614 | -907,261 | -618,273 | 1,059,303 | 502,708 | 27,827 | 58,151 | -51,602 | 59,472 | 2,424 | 30,271 | 36,243 | 25,810 | 20,214 | 489,105 |
| cash and cash equivalents | |||||||||||||||
| cash | -3,293,527 | -2,282,544 | 1,804,019 | 1,309,949 | 3,312,048 | 400,794 | 1,013,665 | 773,435 | -1,165,914 | 1,021,381 | 551,278 | 84,053 | 47,988 | 210,246 | 163,575 |
| overdraft | -2,290 | 2,290 | |||||||||||||
| change in cash | -3,293,527 | -2,282,544 | 1,804,019 | 1,309,949 | 3,312,048 | 400,794 | 1,013,665 | 773,435 | -1,165,914 | 1,021,381 | 551,278 | 84,053 | 47,988 | 212,536 | 161,285 |
workman facilities management limited Credit Report and Business Information
Workman Facilities Management Limited Competitor Analysis
Perform a competitor analysis for workman facilities management limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in EC2V area or any other competitors across 12 key performance metrics.
workman facilities management limited Ownership
WORKMAN FACILITIES MANAGEMENT LIMITED group structure
Workman Facilities Management Limited has 5 subsidiary companies.
Ultimate parent company
1 parent
WORKMAN FACILITIES MANAGEMENT LIMITED
01738742
5 subsidiaries
workman facilities management limited directors
Workman Facilities Management Limited currently has 7 directors. The longest serving directors include Ms Victoria Cotton (Nov 2001) and Mr Richard Hart (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Victoria Cotton | England | 51 years | Nov 2001 | - | Director |
| Mr Richard Hart | United Kingdom | 44 years | Nov 2022 | - | Director |
| Mr Richard Taylor | England | 51 years | Nov 2022 | - | Director |
| Mr Christopher Neil | England | 40 years | Nov 2022 | - | Director |
| Mr Matthew Pateman | England | 49 years | Dec 2022 | - | Director |
| Mr Howard Evans | United Kingdom | 58 years | Nov 2023 | - | Director |
| Mr Richard Cooper | England | 60 years | Jan 2025 | - | Director |
P&L
April 2024turnover
23.3m
+5%
operating profit
2.6m
+9%
gross margin
22.5%
+4.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
3.7m
-0.68%
total assets
8.3m
-0.41%
cash
4m
-0.45%
net assets
Total assets minus all liabilities
workman facilities management limited company details
company number
01738742
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
July 1983
age
42
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
property management services limited (May 1998)
rigdown limited (December 1983)
accountant
-
auditor
RPG CROUCH CHAPMAN LLP
address
80 cheapside, london, EC2V 6EE
Bank
-
Legal Advisor
-
workman facilities management 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 workman facilities management limited.
workman facilities management 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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workman facilities management limited Companies House Filings - See Documents
| date | description | view/download |
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