workstream engineering services limited
workstream engineering services limited Company Information
Company Number
02566964
Next Accounts
Mar 2025
Directors
Shareholders
recruitment assets ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
29th floor, 40 bank street, london, E14 5NR
Website
www.workstream.co.ukworkstream engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSTREAM ENGINEERING SERVICES LIMITED at £889.7k based on a Turnover of £1.5m and 0.59x industry multiple (adjusted for size and gross margin).
workstream engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSTREAM ENGINEERING SERVICES LIMITED at £637.4k based on an EBITDA of £149.4k and a 4.27x industry multiple (adjusted for size and gross margin).
workstream engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSTREAM ENGINEERING SERVICES LIMITED at £784k based on Net Assets of £341.6k and 2.3x industry multiple (adjusted for liquidity).
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Workstream Engineering Services Limited Overview
Workstream Engineering Services Limited is a dissolved company that was located in london, E14 5NR with a Companies House number of 02566964. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 1990, it's largest shareholder was recruitment assets ltd with a 100% stake. The last turnover for Workstream Engineering Services Limited was estimated at £1.5m.
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Workstream Engineering Services Limited Health Check
Pomanda's financial health check has awarded Workstream Engineering Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£2.2m)
£1.5m - Workstream Engineering Services Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.4%)
19% - Workstream Engineering Services Limited
4.4% - Industry AVG
Production
with a gross margin of 40.8%, this company has a comparable cost of product (37.6%)
40.8% - Workstream Engineering Services Limited
37.6% - Industry AVG
Profitability
an operating margin of 9.3% make it more profitable than the average company (5.8%)
9.3% - Workstream Engineering Services Limited
5.8% - Industry AVG
Employees
with 8 employees, this is below the industry average (21)
8 - Workstream Engineering Services Limited
21 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has a lower pay structure (£40.9k)
£31.6k - Workstream Engineering Services Limited
£40.9k - Industry AVG
Efficiency
resulting in sales per employee of £187.5k, this is more efficient (£137.1k)
£187.5k - Workstream Engineering Services Limited
£137.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Workstream Engineering Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (34 days)
18 days - Workstream Engineering Services Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Workstream Engineering Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (21 weeks)
26 weeks - Workstream Engineering Services Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.2%, this is a lower level of debt than the average (65.6%)
26.2% - Workstream Engineering Services Limited
65.6% - Industry AVG
WORKSTREAM ENGINEERING SERVICES LIMITED financials
Workstream Engineering Services Limited's latest turnover from January 2019 is £1.5 million and the company has net assets of £341.6 thousand. According to their latest financial statements, Workstream Engineering Services Limited has 8 employees and maintains cash reserves of £62.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,500,076 | 1,607,943 | 1,120,794 | 879,756 | 779,039 | 263,846 | 108,964 | |||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 888,680 | 996,459 | 652,740 | 504,039 | ||||||
| Gross Profit | 611,396 | 611,484 | 468,054 | 375,717 | ||||||
| Admin Expenses | 471,921 | 477,650 | 336,010 | 252,035 | ||||||
| Operating Profit | 139,475 | 133,834 | 132,044 | 123,682 | 93,606 | 10,065 | -7,373 | -53 | -34,764 | |
| Interest Payable | 1,110 | 1,467 | 419 | 1 | 12 | 125 | 64 | |||
| Interest Receivable | 5 | |||||||||
| Pre-Tax Profit | 139,475 | 132,724 | 130,577 | 123,263 | 93,611 | 10,064 | 177,615 | 124,875 | 267,447 | -34,828 |
| Tax | -8,803 | -12,570 | -8,100 | -24,818 | -19,098 | -988 | ||||
| Profit After Tax | 130,672 | 120,154 | 122,477 | 98,445 | 74,513 | 9,076 | 177,615 | 124,875 | 267,447 | -34,828 |
| Dividends Paid | 45,000 | 90,000 | 75,000 | 185,000 | 125,000 | 237,500 | ||||
| Retained Profit | 130,672 | 75,154 | 32,477 | 98,445 | -487 | 9,076 | -7,385 | -125 | 29,947 | -34,828 |
| Employee Costs | 252,529 | 246,242 | 183,387 | 138,553 | 79,345 | |||||
| Number Of Employees | 8 | 6 | 7 | 7 | 5 | 1 | 1 | 1 | 2 | 2 |
| EBITDA* | 149,386 | 145,354 | 145,079 | 136,748 | 93,606 | 10,065 | -7,373 | -53 | -34,764 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 31,370 | 38,429 | 46,798 | 50,832 | ||||||
| Intangible Assets | ||||||||||
| Investments & Other | 833 | 4 | 4 | 4 | 4 | |||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 31,370 | 39,262 | 46,798 | 50,832 | 4 | 4 | 4 | 4 | ||
| Stock & work in progress | ||||||||||
| Trade Debtors | 15,581 | 21,756 | 5,065 | 2,021 | 1,304 | |||||
| Group Debtors | 302,817 | 207,121 | 2,770 | 12,770 | 32,770 | 7,770 | 7,766 | 19,016 | 22,016 | |
| Misc Debtors | 66,031 | 30,897 | 5,000 | 50,397 | 21,606 | 19,800 | 5,000 | 5,000 | 5,159 | 5,000 |
| Cash | 62,540 | 35,159 | 166,705 | 143,811 | 18,165 | 3,261 | 12,589 | 407 | 141 | |
| misc current assets | ||||||||||
| total current assets | 431,388 | 288,758 | 196,231 | 206,978 | 77,606 | 32,852 | 26,659 | 24,423 | 27,175 | 5,141 |
| total assets | 462,758 | 328,020 | 243,029 | 257,810 | 77,606 | 32,852 | 26,663 | 24,427 | 27,179 | 5,145 |
| Bank overdraft | 13 | |||||||||
| Bank loan | ||||||||||
| Trade Creditors | 46,001 | 53,007 | 30,917 | 87,886 | 11,804 | 950 | 950 | 2,000 | 5,525 | 4,708 |
| Group/Directors Accounts | 98 | 5,340 | 5,340 | 5,340 | 5,340 | 5,340 | 14,084 | |||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 74,389 | 64,071 | 76,324 | 66,613 | 55,596 | 21,211 | 24,098 | 13,427 | 12,516 | 12,515 |
| total current liabilities | 120,488 | 117,078 | 107,241 | 154,499 | 72,740 | 27,501 | 30,388 | 20,767 | 23,394 | 31,307 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 656 | |||||||||
| total long term liabilities | 656 | |||||||||
| total liabilities | 121,144 | 117,078 | 107,241 | 154,499 | 72,740 | 27,501 | 30,388 | 20,767 | 23,394 | 31,307 |
| net assets | 341,614 | 210,942 | 135,788 | 103,311 | 4,866 | 5,351 | -3,725 | 3,660 | 3,785 | -26,162 |
| total shareholders funds | 341,614 | 210,942 | 135,788 | 103,311 | 4,866 | 5,351 | -3,725 | 3,660 | 3,785 | -26,162 |
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 139,475 | 133,834 | 132,044 | 123,682 | 93,606 | 10,065 | -7,373 | -53 | -34,764 | |
| Depreciation | 9,911 | 11,520 | 13,035 | 13,066 | ||||||
| Amortisation | ||||||||||
| Tax | -8,803 | -12,570 | -8,100 | -24,818 | -19,098 | -988 | ||||
| Stock | ||||||||||
| Debtors | 115,249 | 224,073 | -33,641 | 3,726 | 29,850 | 15,521 | -9,946 | -3,159 | 22,175 | 5,000 |
| Creditors | -7,006 | 22,090 | -56,969 | 76,082 | 10,854 | -1,050 | -3,525 | 817 | 4,708 | |
| Accruals and Deferred Income | 10,318 | -12,253 | 9,711 | 11,017 | 34,385 | -2,887 | 10,671 | 911 | 1 | 12,515 |
| Deferred Taxes & Provisions | 656 | |||||||||
| Cash flow from operations | 29,302 | -81,452 | 123,362 | 195,303 | 89,897 | -9,331 | 12,194 | 545 | -21,410 | -22,541 |
| Investing Activities | ||||||||||
| capital expenditure | -2,852 | -3,150 | -9,001 | -63,898 | ||||||
| Change in Investments | -833 | 833 | -4 | 4 | ||||||
| cash flow from investments | -2,019 | -3,983 | -9,001 | -63,898 | 4 | -4 | ||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | 98 | -5,340 | -8,744 | 14,084 | ||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -1,110 | -1,467 | -419 | 5 | -1 | -12 | -125 | -64 | ||
| cash flow from financing | 98 | -1,110 | -1,467 | -5,759 | 7 | -1 | -12 | -125 | -8,744 | 22,686 |
| cash and cash equivalents | ||||||||||
| cash | 27,381 | -131,546 | 22,894 | 125,646 | 14,904 | -9,328 | 12,182 | 407 | -141 | 141 |
| overdraft | -13 | 13 | ||||||||
| change in cash | 27,381 | -131,546 | 22,894 | 125,646 | 14,904 | -9,328 | 12,182 | 420 | -154 | 141 |
workstream engineering services limited Credit Report and Business Information
Workstream Engineering Services Limited Competitor Analysis
Perform a competitor analysis for workstream engineering services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in E14 area or any other competitors across 12 key performance metrics.
workstream engineering services limited Ownership
WORKSTREAM ENGINEERING SERVICES LIMITED group structure
Workstream Engineering Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
WORKSTREAM ENGINEERING SERVICES LIMITED
02566964
workstream engineering services limited directors
Workstream Engineering Services Limited currently has 1 director, Mr Keith Alderton serving since Nov 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Alderton | 77 years | Nov 2019 | - | Director |
P&L
January 2019turnover
1.5m
-7%
operating profit
139.5k
+4%
gross margin
40.8%
+7.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2019net assets
341.6k
+0.62%
total assets
462.8k
+0.41%
cash
62.5k
+0.78%
net assets
Total assets minus all liabilities
workstream engineering services limited company details
company number
02566964
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2019
previous names
kcl (holdings) limited (April 2012)
gowheel limited (January 1991)
accountant
-
auditor
RICHARD ANTHONY
address
29th floor, 40 bank street, london, E14 5NR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
workstream engineering services 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 workstream engineering services limited.
workstream engineering services 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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workstream engineering services limited Companies House Filings - See Documents
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