Office Freedom Limited

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office freedom limited Company Information

Company Number

02878016

Next Accounts

Sep 2025

Directors

Laurence Beck

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Shareholders

mr richard smith

mr laurence beck

Group Structure

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Industry

Real estate agencies

Registered Address

22 tudor street, london, EC4Y 0AY

Website

www.servicedofficesearch.com

office freedom limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of OFFICE FREEDOM LIMITED at £5.1m based on a Turnover of £2.1m and 2.37x industry multiple (adjusted for size and gross margin).

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Office Freedom Limited is a live company located in london, EC4Y 0AY with a Companies House number of 02878016. It operates in the real estate agencies sector, SIC Code 68310. Founded in December 1993, it's largest shareholder is mr richard smith with a 50% stake. Office Freedom Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Office Freedom Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £2.1m, make it larger than the average company (£628k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.9%)

EXPORT

Office Freedom Limited's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of £388.6 thousand. According to their latest financial statements, Office Freedom Limited has 30 employees and maintains cash reserves of £596 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,140,139	1,560,643	1,863,564	1,696,971	4,210,401	4,828,272	4,015,464	3,507,604	5,986,176	6,380,006	3,983,319	3,104,550	9,604,718	4,275,383	1,524,089
Other Income Or Grants
Cost Of Sales	486,568	300,709	345,427	304,796	717,032	823,502	610,238	716,976	2,087,534	2,456,848	1,612,972	1,342,687	4,161,077	1,857,809	1,219,271
Gross Profit	1,653,571	1,259,934	1,518,137	1,392,175	3,493,369	4,004,770	3,405,226	2,790,628	3,898,642	3,923,159	2,370,347	1,761,864	5,443,641	2,417,574	304,818
Admin Expenses	1,731,005	1,485,861	2,556,211	1,331,331	2,946,363	3,306,630	2,677,600	3,200,740	3,636,483	3,871,414	2,359,493	1,815,889	5,518,029	1,992,846	402,684
Operating Profit	-77,434	-225,927	-1,038,074	60,844	547,006	698,140	727,626	-410,112	262,159	51,745	10,854	-54,025	-74,388	424,728	-97,866
Interest Payable	106,342	119,750	75,601	30,500											1,027
Interest Receivable	21,435	31,836	4,643	1,870	13,929	12,270	3,446	1,354	4,384	4,075	3,994	3,344	2,661	1,563	430
Pre-Tax Profit	-162,342	-313,841	-1,109,032	32,214	560,936	710,410	731,073	-408,758	266,544	55,820	14,848	-50,681	-71,727	426,290	-98,463
Tax				-6,121	-106,578	-134,978	-138,904		-53,309	-11,722	-3,415			-119,361	17,422
Profit After Tax	-162,342	-313,841	-1,109,032	26,093	454,358	575,432	592,169	-408,758	213,235	44,098	11,433	-50,681	-71,727	306,929	-81,041
Dividends Paid
Retained Profit	-162,342	-313,841	-1,109,032	26,093	454,358	575,432	592,169	-408,758	213,235	44,098	11,433	-50,681	-71,727	306,929	-81,041
Employee Costs	1,245,338	1,246,326	1,343,237	1,561,627	1,851,656	1,704,890	1,639,760	1,665,720	1,883,185	2,433,137	1,551,217	1,252,653	3,829,057	1,821,253	729,928
Number Of Employees	30	30	34	41	48	46	48	48	51	68	45	38	115	52	20
EBITDA*	-21,591	-164,782	-955,150	135,485	611,520	802,929	790,115	-327,017	283,046	85,224	39,970	-25,248	-53,657	431,604	-81,462

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	152,655	209,098	262,960	91,722	118,878	147,576	38,156	83,896	80,120	72,963	32,485	53,777	24,313	23,190	26,611
Intangible Assets				41,943	83,887	125,831	167,775	209,719	53,050
Investments & Other											1
Debtors (Due After 1 year)
Total Fixed Assets	152,655	209,098	262,960	133,665	202,765	273,407	205,931	293,615	133,170	72,963	32,486	53,777	24,313	23,190	26,611
Stock & work in progress
Trade Debtors	192,910	70,348	139,518	32,222	554,933	811,941	608,604	384,710	584,378	551,460	388,734	284,870	906,204	393,825	167,584
Group Debtors
Misc Debtors	1,081,144	2,072,424	1,655,248	1,678,716	1,694,704	1,187,691	199,489	251,406	199,003						236,231
Cash	595,986	220,572	1,598,624	2,115,400	1,624,429	2,090,084	1,181,909	196,678	886,381	867,375	762,561	835,110	502,598	561,697	63,339
misc current assets
total current assets	1,870,040	2,363,344	3,393,390	3,826,338	3,874,066	4,089,716	1,990,002	832,794	1,669,762	1,418,835	1,151,295	1,119,980	1,408,802	955,522	467,154
total assets	2,022,695	2,572,442	3,656,350	3,960,003	4,076,831	4,363,123	2,195,933	1,126,409	1,802,932	1,491,798	1,183,781	1,173,757	1,433,115	978,712	493,765
Bank overdraft
Bank loan	346,472	329,805	229,805	100,000
Trade Creditors	199,327	187,485	208,887	242,665	268,715	383,705	215,767	113,470	180,298	970,549	706,630	708,039	916,716	390,586	94,512
Group/Directors Accounts															1,569
other short term finances
hp & lease commitments	16,708	16,708	16,707
other current liabilities	517,256	588,051	1,002,621	743,560	1,860,431	2,486,091	1,062,271	687,213	888,150						116,487
total current liabilities	1,079,763	1,122,049	1,458,020	1,086,225	2,129,146	2,869,796	1,278,038	800,683	1,068,448	970,549	706,630	708,039	916,716	390,586	212,568
loans	442,224	772,028	1,189,415	900,000
hp & lease commitments	112,145	127,460	144,169
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	554,369	899,488	1,333,584	900,000
total liabilities	1,634,132	2,021,537	2,791,604	1,986,225	2,129,146	2,869,796	1,278,038	800,683	1,068,448	970,549	706,630	708,039	916,716	390,586	212,568
net assets	388,563	550,905	864,746	1,973,778	1,947,685	1,493,327	917,895	325,726	734,484	521,249	477,151	465,718	516,399	588,126	281,197
total shareholders funds	388,563	550,905	864,746	1,973,778	1,947,685	1,493,327	917,895	325,726	734,484	521,249	477,151	465,718	516,399	588,126	281,197

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-77,434	-225,927	-1,038,074	60,844	547,006	698,140	727,626	-410,112	262,159	51,745	10,854	-54,025	-74,388	424,728	-97,866
Depreciation	55,843	61,145	40,981	32,697	64,514	62,845	20,545	30,045	20,887	33,479	29,116	28,777	20,731	6,876	16,404
Amortisation			41,943	41,944		41,944	41,944	53,050
Tax				-6,121	-106,578	-134,978	-138,904		-53,309	-11,722	-3,415			-119,361	17,422
Stock
Debtors	-868,718	348,006	83,828	-538,699	250,005	1,191,539	171,977	-147,265	231,921	162,726	103,864	-621,334	512,379	-9,990	403,815
Creditors	11,842	-21,402	-33,778	-26,050	-114,990	167,938	102,297	-66,828	-790,251	263,919	-1,409	-208,677	526,130	296,074	94,512
Accruals and Deferred Income	-70,795	-414,570	259,061	-1,116,871	-625,660	1,423,820	375,058	-200,937	888,150					-116,487	116,487
Deferred Taxes & Provisions
Cash flow from operations	788,174	-948,760	-813,695	-474,858	-485,713	1,068,170	956,589	-447,517	95,715	174,695	-68,718	387,409	-39,906	501,820	-256,856
Investing Activities
capital expenditure	600	-7,283	-212,219	-5,541	6,128	-172,265	25,195	-243,540	-81,094	-73,957	-7,824	-58,241	-21,854	-3,455	-5,145
Change in Investments										-1	1
cash flow from investments	600	-7,283	-212,219	-5,541	6,128	-172,265	25,195	-243,540	-81,094	-73,956	-7,825	-58,241	-21,854	-3,455	-5,145
Financing Activities
Bank loans	16,667	100,000	129,805	100,000
Group/Directors Accounts														-1,569	1,569
Other Short Term Loans
Long term loans	-329,804	-417,387	289,415	900,000
Hire Purchase and Lease Commitments	-15,315	-16,708	160,876
other long term liabilities
share issue															362,238
interest	-84,907	-87,914	-70,958	-28,630	13,929	12,270	3,446	1,354	4,384	4,075	3,994	3,344	2,661	1,563	-597
cash flow from financing	-413,359	-422,009	509,138	971,370	13,929	12,270	3,446	1,354	4,384	4,075	3,994	3,344	2,661	-6	363,210
cash and cash equivalents
cash	375,414	-1,378,052	-516,776	490,971	-465,655	908,175	985,231	-689,703	19,006	104,814	-72,549	332,512	-59,099	498,358	63,339
overdraft
change in cash	375,414	-1,378,052	-516,776	490,971	-465,655	908,175	985,231	-689,703	19,006	104,814	-72,549	332,512	-59,099	498,358	63,339

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OFFICE FREEDOM LIMITED group structure

Office Freedom Limited has no subsidiary companies.

Ultimate parent company

OFFICE FREEDOM LIMITED

02878016

OFFICE FREEDOM LIMITED Shareholders

mr richard smith	50%
mr laurence beck	50%

Office Freedom Limited currently has 5 directors. The longest serving directors include Mr Laurence Beck (Dec 1993) and Mr Laurence Beck (Dec 1993).

officer	country	age	start	end	role
Mr Laurence Beck		56 years	Dec 1993	-	Director
Mr Laurence Beck	United Kingdom	56 years	Dec 1993	-	Director
Mr Richard Smith	United Kingdom	57 years	Dec 1993	-	Director
Mrs Emma Beck	England	53 years	Oct 1997	-	Director
Mrs Nicole Smith	England	54 years	Oct 1997	-	Director

P&L

December 2023

turnover

2.1m

+37%

operating profit

-77.4k

gross margin

77.3%

-4.29%

turnover

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

Balance Sheet

December 2023

net assets

388.6k

-0.29%

total assets

-0.21%

cash

596k

+1.7%

net assets

Total assets minus all liabilities

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company number

02878016

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

68320 - Management of real estate on a fee or contract basis

incorporation date

December 1993

ultimate parent company

None

previous names

sos worldwide limited (May 2018)

sos worldwide plc (May 2009)

address

22 tudor street, london, EC4Y 0AY

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 office freedom limited. Currently there are 4 open charges and 1 have been satisfied in the past.

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office freedom limited Company Information

office freedom limited Estimated Valuation

office freedom limited Estimated Valuation

office freedom limited Estimated Valuation

Office Freedom Limited Overview

Office Freedom Limited Health Check

OFFICE FREEDOM LIMITED financials

office freedom limited Credit Report and Business Information

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office freedom limited Ownership

office freedom limited directors

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