workwell people solutions limited

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workwell people solutions limited Company Information

Share WORKWELL PEOPLE SOLUTIONS LIMITED
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MatureMegaRapid

Company Number

02407547

Registered Address

4th floor radius house, 51 clarendon road, watford, hertfordshire, WD17 1HP

Industry

Accounting, and auditing activities

 

Telephone

02070780212

Next Accounts Due

June 2025

Group Structure

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Directors

Andrew Goodman15 Years

Katherine Rogers13 Years

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Shareholders

goodman family investments limited 100%

workwell people solutions limited Estimated Valuation

£1.1b

Pomanda estimates the enterprise value of WORKWELL PEOPLE SOLUTIONS LIMITED at £1.1b based on a Turnover of £1.1b and 0.96x industry multiple (adjusted for size and gross margin).

workwell people solutions limited Estimated Valuation

£46.8m

Pomanda estimates the enterprise value of WORKWELL PEOPLE SOLUTIONS LIMITED at £46.8m based on an EBITDA of £8.7m and a 5.41x industry multiple (adjusted for size and gross margin).

workwell people solutions limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WORKWELL PEOPLE SOLUTIONS LIMITED at £0 based on Net Assets of £-9.9m and 3.03x industry multiple (adjusted for liquidity).

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Workwell People Solutions Limited Overview

Workwell People Solutions Limited is a live company located in watford, WD17 1HP with a Companies House number of 02407547. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 1989, it's largest shareholder is goodman family investments limited with a 100% stake. Workwell People Solutions Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.1b with rapid growth in recent years.

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Workwell People Solutions Limited Health Check

Pomanda's financial health check has awarded Workwell People Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £1.1b, make it larger than the average company (£127.9k)

£1.1b - Workwell People Solutions Limited

£127.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (6.4%)

56% - Workwell People Solutions Limited

6.4% - Industry AVG

production

Production

with a gross margin of 3%, this company has a higher cost of product (74.8%)

3% - Workwell People Solutions Limited

74.8% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (14.9%)

0.2% - Workwell People Solutions Limited

14.9% - Industry AVG

employees

Employees

with 13328 employees, this is above the industry average (3)

13328 - Workwell People Solutions Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.5k, the company has a higher pay structure (£18.7k)

£55.5k - Workwell People Solutions Limited

£18.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85.6k, this is more efficient (£72.9k)

£85.6k - Workwell People Solutions Limited

£72.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 14 days, this is earlier than average (89 days)

14 days - Workwell People Solutions Limited

89 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (21 days)

5 days - Workwell People Solutions Limited

21 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Workwell People Solutions Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (20 weeks)

13 weeks - Workwell People Solutions Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 107.7%, this is a higher level of debt than the average (59.6%)

107.7% - Workwell People Solutions Limited

59.6% - Industry AVG

WORKWELL PEOPLE SOLUTIONS LIMITED financials

EXPORTms excel logo

Workwell People Solutions Limited's latest turnover from September 2023 is £1.1 billion and the company has net assets of -£9.9 million. According to their latest financial statements, Workwell People Solutions Limited has 13,328 employees and maintains cash reserves of £29.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Jun 2011Sep 2010Sep 2009
Turnover1,140,449,0001,121,537,000621,390,175303,248,405214,650,460117,284,446126,156,748119,722,347114,308,06398,242,57983,276,51697,004,33153,180,30779,590,71694,107,275
Other Income Or Grants0006,194,27500000000000
Cost Of Sales1,106,647,0001,095,082,000604,023,927295,047,871201,524,395106,940,781115,766,035111,062,809106,170,58691,637,93677,673,86091,280,65250,270,74576,002,29989,813,879
Gross Profit33,802,00026,455,00017,366,24814,394,80913,126,06510,343,66510,390,7138,659,5388,137,4776,604,6435,602,6565,723,6792,909,5623,588,4174,293,396
Admin Expenses31,961,00026,493,00019,195,27915,541,81313,499,20210,683,13410,289,3177,468,2146,243,5914,679,0264,265,0494,872,1361,874,105-808,307-103,328
Operating Profit1,841,000-38,000-1,829,031-1,147,004-373,137-339,469101,3961,191,3241,893,8861,925,6171,337,607851,5431,035,4574,396,7244,396,724
Interest Payable2,714,0002,042,0001,168,7261,096,620821,830255,048279,9296,5297082,06810,49315,23720,21612,65912,659
Interest Receivable1,050,00085,0004,72515,73315,32711,4601,0084,84211,72112,09236,66057,74440,70733,01533,015
Pre-Tax Profit177,000-1,995,000-2,993,032-2,227,891-1,179,640-594,517-177,5251,189,6371,904,8991,935,8421,363,774894,0501,055,9484,417,0804,417,080
Tax-945,000-1,118,000-385,315-398,098-508,384-531,263-83,349-345,534-465,161-533,798584,090301,134000
Profit After Tax-768,000-3,113,000-3,378,347-2,625,989-1,688,024-1,125,780-260,874844,1031,439,7381,402,0441,947,8641,195,1841,055,9484,417,0804,417,080
Dividends Paid00000002,287,5002,348,7551,196,0001,367,5001,355,000000
Retained Profit-768,000-3,113,000-3,394,407-2,625,989-1,688,024-1,125,780-260,874-1,443,397-909,017206,044580,364-159,8161,055,9484,417,0804,417,080
Employee Costs739,684,000828,222,000428,538,616242,124,950160,231,176106,341,947128,583,981114,164,118108,069,89087,201,60869,919,50072,946,58138,314,11174,946,36474,946,364
Number Of Employees13,32814,4669,5337,3355,0364,0815,2514,8814,3363,6132,7372,6222,6332,5202,520
EBITDA*8,651,0006,932,0003,524,1852,976,4862,687,3212,439,9141,757,1462,060,7122,699,1922,277,5601,682,7271,235,5671,214,2274,691,0284,691,028

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Jun 2011Sep 2010Sep 2009
Tangible Assets2,066,0001,486,0001,118,820661,400503,398329,836240,594324,704454,313611,5961,807,6741,971,2551,872,9241,777,5651,777,565
Intangible Assets30,576,00026,798,00025,203,41216,313,49314,291,86810,240,64912,848,7885,259,5014,988,6571,736,94100000
Investments & Other00114,907000022,0960000000
Debtors (Due After 1 year)000000470,492462,834225,000356,403896,980363,000363,000215,212215,212
Total Fixed Assets32,642,00028,284,00026,437,13916,974,89314,795,26610,570,48513,559,8746,069,1355,667,9702,704,9402,704,6542,334,2552,235,9241,992,7771,992,777
Stock & work in progress000000000000000
Trade Debtors44,221,00042,185,00042,748,3407,014,0052,420,2002,291,4863,552,2881,806,2981,129,7881,252,2671,270,0411,501,5342,771,2792,635,1622,635,162
Group Debtors295,000212,000160,28897,52197,52158,10588,86089,15788,02488,979101,7790000
Misc Debtors21,311,00019,573,0005,743,4895,103,0733,066,485950,6351,108,234713,906635,5991,099,666739,548635,343519,897291,862291,862
Cash29,379,00050,080,00050,072,22425,290,1969,356,4361,971,8401,084,084104,0212,897,0883,573,7763,423,6613,909,7933,394,4245,861,5145,861,514
misc current assets000000000000000
total current assets95,206,000112,050,00098,724,34137,504,79514,940,6425,272,0665,833,4662,713,3824,750,4996,014,6885,535,0296,046,6706,685,6008,788,5388,788,538
total assets127,848,000140,334,000125,161,48054,479,68829,735,90815,842,55119,393,3408,782,51710,418,4698,719,6288,239,6838,380,9258,921,52410,781,31510,781,315
Bank overdraft000000124930,4530000000
Bank loan000001,188,3041,211,27700033,61233,612584,062605,665605,665
Trade Creditors 15,589,00017,731,00023,864,2622,531,7601,204,4661,235,2181,698,4651,533,4601,500,3221,501,5441,567,8471,663,2971,994,3732,234,7382,234,738
Group/Directors Accounts9,895,000992,0001,007,1431,022,1431,030,4281,030,42800000647,498000
other short term finances7,101,0008,840,00014,517,902000000000000
hp & lease commitments00000000000019,22242,70542,705
other current liabilities82,878,00099,777,00085,109,60144,499,86618,449,1068,568,5459,262,6595,192,0397,584,0984,977,1284,137,3604,050,2454,676,7505,794,3435,794,343
total current liabilities115,463,000127,340,000124,498,90848,053,76920,684,00012,022,49512,172,5257,655,9529,084,4206,478,6725,738,8196,394,6527,274,4078,677,4518,677,451
loans22,000,00021,875,0006,615,0009,000,0009,000,0002,080,1243,235,103000472,760506,533000
hp & lease commitments0000000000009,09518,19018,190
Accruals and Deferred Income000000000000000
other liabilities0000001,120,0001,000,000000001,714,4501,714,450
provisions235,000184,0000000000000000
total long term liabilities22,235,00022,059,0006,615,0009,000,0009,000,0002,080,1244,355,1031,000,00000472,760506,5339,0951,732,6401,732,640
total liabilities137,698,000149,399,000131,113,90857,053,76929,684,00014,102,61916,527,6288,655,9529,084,4206,478,6726,211,5796,901,1857,283,50210,410,09110,410,091
net assets-9,850,000-9,065,000-5,968,488-2,574,08151,9081,739,9322,865,712126,5651,334,0492,240,9562,028,1041,479,7401,638,022371,224371,224
total shareholders funds-9,850,000-9,065,000-5,968,488-2,574,08151,9081,739,9322,865,712126,5651,334,0492,240,9562,028,1041,479,7401,638,022371,224371,224
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Jun 2011Sep 2010Sep 2009
Operating Activities
Operating Profit1,841,000-38,000-1,829,031-1,147,004-373,137-339,469101,3961,191,3241,893,8861,925,6171,337,607851,5431,035,4574,396,7244,396,724
Depreciation576,000494,000352,026203,469211,883140,361208,309221,854231,454300,119345,120384,024178,770294,304294,304
Amortisation6,234,0006,476,0005,001,1903,920,0212,848,5752,639,0221,447,441647,534573,85251,82400000
Tax-945,000-1,118,000-385,315-398,098-508,384-531,263-83,349-345,534-465,161-533,798584,090301,134000
Stock000000000000000
Debtors3,857,00013,317,88336,437,5186,630,3932,283,980-1,919,6482,147,679993,784-718,904-211,033508,471-1,154,299511,94003,142,236
Creditors-2,142,000-6,133,26221,332,5021,327,294-30,752-463,247165,00533,138-1,222-66,303-95,450-331,076-240,36502,234,738
Accruals and Deferred Income-16,899,00014,667,39940,609,73526,050,7609,880,561-694,1144,070,620-2,392,0592,606,970839,76887,115-626,505-1,117,59305,794,343
Deferred Taxes & Provisions51,000184,0000000000000000
Cash flow from operations-15,141,0001,214,25428,643,58923,326,0499,744,7662,670,9383,761,743-1,637,5275,558,6832,728,2601,750,0111,733,419-655,6714,691,0289,577,873
Investing Activities
capital expenditure00000-267,342-5,437,590-1,032,717-3,869,031906,163-171,069-482,355-63,296-672,935-672,935
Change in Investments0-114,907114,907000-22,09622,0960000000
cash flow from investments0114,907-114,90700-267,342-5,415,494-1,054,813-3,869,031906,163-171,069-482,355-63,296-672,935-672,935
Financing Activities
Bank loans0000-1,188,304-22,9731,211,27700-33,6120-550,450-21,6030605,665
Group/Directors Accounts8,903,000-15,143-15,000-8,28501,030,4280000-647,498647,498000
Other Short Term Loans -1,739,000-5,677,90214,517,902000000000000
Long term loans125,00015,260,000-2,385,00006,919,876-1,154,9793,235,10300-472,760-33,773506,533000
Hire Purchase and Lease Commitments00000000000-28,317-32,578060,895
other long term liabilities00000-1,120,000120,0001,000,0000000-1,714,45001,714,450
share issue-17,00016,48800003,000,021235,9132,1106,808-32,0001,534210,850-4,417,080-4,045,856
interest-1,664,000-1,957,000-1,164,001-1,080,887-806,503-243,588-278,921-1,68711,01310,02426,16742,50720,49120,35620,356
cash flow from financing5,608,0007,626,44310,953,901-1,089,1724,925,069-1,511,1127,287,4801,234,22613,123-489,540-687,104619,305-1,537,290-4,396,724-1,644,490
cash and cash equivalents
cash-20,701,0007,77624,782,02815,933,7607,384,596887,756980,063-2,793,067-676,688150,115-486,132515,369-2,467,09005,861,514
overdraft00000-124-930,329930,4530000000
change in cash-20,701,0007,77624,782,02815,933,7607,384,596887,8801,910,392-3,723,520-676,688150,115-486,132515,369-2,467,09005,861,514

workwell people solutions 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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Workwell People Solutions Limited Competitor Analysis

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Perform a competitor analysis for workwell people solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in WD17 area or any other competitors across 12 key performance metrics.

workwell people solutions limited Ownership

WORKWELL PEOPLE SOLUTIONS LIMITED Shareholders

goodman family investments limited 100%

workwell people solutions limited directors

Workwell People Solutions Limited currently has 4 directors. The longest serving directors include Mr Andrew Goodman (Sep 2009) and Mrs Katherine Rogers (Oct 2011).

officercountryagestartendrole
Mr Andrew Goodman62 years Sep 2009- Director
Mrs Katherine Rogers71 years Oct 2011- Director
Mr Kwasi MissahEngland55 years Jan 2013- Director
Mr John HoskinEngland50 years Apr 2017- Director

P&L

September 2023

turnover

1.1b

+2%

operating profit

1.8m

-4945%

gross margin

3%

+25.65%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

-9.9m

+0.09%

total assets

127.8m

-0.09%

cash

29.4m

-0.41%

net assets

Total assets minus all liabilities

workwell people solutions limited company details

company number

02407547

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

July 1989

age

35

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

September 2023

previous names

jsa services limited (September 2024)

j.s.a. services limited (July 1997)

accountant

-

auditor

COOPER PARRY GROUP LIMITED

address

4th floor radius house, 51 clarendon road, watford, hertfordshire, WD17 1HP

Bank

BARCLAYS BANK PLC

Legal Advisor

-

workwell people solutions 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 17 charges/mortgages relating to workwell people solutions limited. Currently there are 4 open charges and 13 have been satisfied in the past.

charges

workwell people solutions limited Companies House Filings - See Documents

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