the works (u.k.) limited
the works (u.k.) limited Company Information
Company Number
02998539
Next Accounts
Apr 2025
Directors
Shareholders
mr craig suttle-burton
mr andrew mark izzard
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
resolution house, 12 mill hill, leeds, LS1 5DQ
Website
www.theworksrec.co.ukthe works (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of THE WORKS (U.K.) LIMITED at £360.3k based on a Turnover of £2.2m and 0.16x industry multiple (adjusted for size and gross margin).
the works (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of THE WORKS (U.K.) LIMITED at £0 based on an EBITDA of £-58k and a 2.87x industry multiple (adjusted for size and gross margin).
the works (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of THE WORKS (U.K.) LIMITED at £0 based on Net Assets of £-16.5k and 1.28x industry multiple (adjusted for liquidity).
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The Works (u.k.) Limited Overview
The Works (u.k.) Limited is a dissolved company that was located in leeds, LS1 5DQ with a Companies House number of 02998539. It operated in the other activities of employment placement agencies sector, SIC Code 78109. Founded in December 1994, it's largest shareholder was mr craig suttle-burton with a 88.8% stake. The last turnover for The Works (u.k.) Limited was estimated at £2.2m.
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The Works (u.k.) Limited Health Check
Pomanda's financial health check has awarded The Works (U.K.) Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
9 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£4.8m)
- The Works (u.k.) Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (3.8%)
- The Works (u.k.) Limited
3.8% - Industry AVG
Production
with a gross margin of 23.3%, this company has a comparable cost of product (23.3%)
- The Works (u.k.) Limited
23.3% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (2.9%)
- The Works (u.k.) Limited
2.9% - Industry AVG
Employees
with 15 employees, this is below the industry average (34)
15 - The Works (u.k.) Limited
34 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- The Works (u.k.) Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £148.1k, this is less efficient (£180.4k)
- The Works (u.k.) Limited
£180.4k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (50 days)
- The Works (u.k.) Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (10 days)
- The Works (u.k.) Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Works (u.k.) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - The Works (u.k.) Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.4%, this is a higher level of debt than the average (71.6%)
103.4% - The Works (u.k.) Limited
71.6% - Industry AVG
THE WORKS (U.K.) LIMITED financials
The Works (U.K.) Limited's latest turnover from September 2019 is estimated at £2.2 million and the company has net assets of -£16.5 thousand. According to their latest financial statements, The Works (U.K.) Limited has 15 employees and maintains cash reserves of £7.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,242,376 | 6,883,036 | 7,151,092 | 7,504,224 | |||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 5,302,573 | 5,620,042 | 5,782,561 | ||||||||
| Gross Profit | 939,803 | 1,262,994 | 1,368,531 | ||||||||
| Admin Expenses | 1,188,034 | 1,274,150 | 1,266,771 | ||||||||
| Operating Profit | -248,231 | -11,156 | 101,760 | 60,120 | |||||||
| Interest Payable | 36,835 | 42,459 | 44,257 | 55,128 | |||||||
| Interest Receivable | 2 | ||||||||||
| Pre-Tax Profit | -285,064 | -53,615 | 57,503 | 4,992 | |||||||
| Tax | -23 | 11,137 | -17,018 | -2,824 | |||||||
| Profit After Tax | -285,087 | -42,478 | 40,485 | 2,168 | |||||||
| Dividends Paid | |||||||||||
| Retained Profit | -285,087 | -42,478 | 40,485 | 2,168 | |||||||
| Employee Costs | 5,896,636 | 6,284,561 | 6,569,635 | 6,976,433 | |||||||
| Number Of Employees | 15 | 20 | 16 | 13 | 17 | 77 | 101 | 73 | |||
| EBITDA* | -234,303 | 7,048 | 116,010 | 74,561 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,589 | 19,436 | 11,931 | 19,660 | 22,532 | 32,257 | 23,416 | 37,089 | 51,844 | 34,392 | 33,920 |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 15,589 | 19,436 | 11,931 | 19,660 | 22,532 | 32,257 | 23,416 | 37,089 | 51,844 | 34,392 | 33,920 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 380,691 | 587,439 | 850,392 | 706,972 | 816,296 | 1,017,403 | 1,366,420 | 1,187,997 | 1,691,645 | 1,283,291 | 669,738 |
| Group Debtors | |||||||||||
| Misc Debtors | 84,880 | 138,612 | 171,617 | 157,823 | 86,108 | 83,157 | 95,266 | 55,902 | |||
| Cash | 7,417 | 5,182 | 17,353 | 24,848 | 106,328 | 176,641 | 15,388 | 43,737 | 32,789 | 120,120 | 2,100 |
| misc current assets | |||||||||||
| total current assets | 472,988 | 731,233 | 1,039,362 | 889,643 | 1,008,732 | 1,277,201 | 1,477,074 | 1,287,636 | 1,724,434 | 1,403,411 | 671,838 |
| total assets | 488,577 | 750,669 | 1,051,293 | 909,303 | 1,031,264 | 1,309,458 | 1,500,490 | 1,324,725 | 1,776,278 | 1,437,803 | 705,758 |
| Bank overdraft | 231,715 | 235,640 | 418,410 | 495,465 | |||||||
| Bank loan | 390,104 | 363,908 | 314,756 | 316,096 | |||||||
| Trade Creditors | 23,632 | 26,565 | 21,671 | 36,770 | 32,409 | 68,574 | 29,909 | 29,026 | 1,588,406 | 1,321,065 | 690,017 |
| Group/Directors Accounts | 430 | 27 | 497 | ||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 249,325 | 420,616 | 588,287 | 384,034 | 712,340 | 695,478 | 931,849 | 796,112 | |||
| total current liabilities | 505,102 | 682,848 | 1,028,865 | 916,269 | 1,134,853 | 1,127,960 | 1,276,514 | 1,141,234 | 1,588,406 | 1,321,065 | 690,017 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 3,249 | ||||||||||
| total long term liabilities | 3,249 | ||||||||||
| total liabilities | 505,102 | 682,848 | 1,028,865 | 916,269 | 1,134,853 | 1,127,960 | 1,276,514 | 1,141,234 | 1,591,655 | 1,321,065 | 690,017 |
| net assets | -16,525 | 67,821 | 22,428 | -6,966 | -103,589 | 181,498 | 223,976 | 183,491 | 184,623 | 116,738 | 15,741 |
| total shareholders funds | -16,525 | 67,821 | 22,428 | -6,966 | -103,589 | 181,498 | 223,976 | 183,491 | 184,623 | 116,738 | 15,741 |
| 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 | -248,231 | -11,156 | 101,760 | 60,120 | |||||||
| Depreciation | 10,627 | 7,423 | 9,276 | 8,519 | 13,928 | 18,204 | 14,250 | 14,441 | 11,310 | 25,453 | 17,187 |
| Amortisation | |||||||||||
| Tax | -23 | 11,137 | -17,018 | -2,824 | |||||||
| Stock | |||||||||||
| Debtors | -260,480 | -295,958 | 157,214 | -37,609 | -198,156 | -361,126 | 217,787 | -447,746 | 408,354 | 613,553 | 669,738 |
| Creditors | -2,933 | 4,894 | -15,099 | 4,361 | -36,165 | 38,665 | 883 | -1,559,380 | 267,341 | 631,048 | 690,017 |
| Accruals and Deferred Income | -171,291 | -167,671 | 204,253 | -328,306 | 16,862 | -236,371 | 135,737 | 796,112 | |||
| Deferred Taxes & Provisions | -3,249 | 3,249 | |||||||||
| Cash flow from operations | -55,473 | 181,605 | 17,825 | -247,034 | |||||||
| Investing Activities | |||||||||||
| capital expenditure | -7,213 | -27,045 | -2,304 | -3,500 | |||||||
| Change in Investments | |||||||||||
| cash flow from investments | -7,213 | -27,045 | -2,304 | -3,500 | |||||||
| Financing Activities | |||||||||||
| Bank loans | -390,104 | 26,196 | 49,152 | -1,340 | 316,096 | ||||||
| Group/Directors Accounts | 403 | -470 | 497 | ||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -36,833 | -42,459 | -44,257 | -55,128 | |||||||
| cash flow from financing | -10,637 | 6,693 | -45,597 | 257,668 | |||||||
| cash and cash equivalents | |||||||||||
| cash | 2,235 | -12,171 | -7,495 | -81,480 | -70,313 | 161,253 | -28,349 | 10,948 | -87,331 | 118,020 | 2,100 |
| overdraft | -3,925 | -182,770 | -77,055 | 495,465 | |||||||
| change in cash | 6,160 | 170,599 | 69,560 | -576,945 | -70,313 | 161,253 | -28,349 | 10,948 | -87,331 | 118,020 | 2,100 |
the works (u.k.) limited Credit Report and Business Information
The Works (u.k.) Limited Competitor Analysis
Perform a competitor analysis for the works (u.k.) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in LS1 area or any other competitors across 12 key performance metrics.
the works (u.k.) limited Ownership
THE WORKS (U.K.) LIMITED group structure
The Works (U.K.) Limited has no subsidiary companies.
Ultimate parent company
THE WORKS (U.K.) LIMITED
02998539
the works (u.k.) limited directors
The Works (U.K.) Limited currently has 1 director, Mr Craig Suttle-Burton serving since Dec 1994.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Craig Suttle-Burton | United Kingdom | 59 years | Dec 1994 | - | Director |
P&L
September 2019turnover
2.2m
-31%
operating profit
-68.6k
0%
gross margin
23.4%
-1.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2019net assets
-16.5k
-1.24%
total assets
488.6k
-0.35%
cash
7.4k
+0.43%
net assets
Total assets minus all liabilities
the works (u.k.) limited company details
company number
02998539
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
December 1994
age
31
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2019
previous names
N/A
accountant
-
auditor
-
address
resolution house, 12 mill hill, leeds, LS1 5DQ
Bank
HSBC BANK PLC
Legal Advisor
-
the works (u.k.) 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 6 charges/mortgages relating to the works (u.k.) limited. Currently there are 2 open charges and 4 have been satisfied in the past.
the works (u.k.) 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.
Click to start generating capital raising & share issue transactions for THE WORKS (U.K.) LIMITED. This can take several minutes, an email will notify you when this has completed.
the works (u.k.) limited Companies House Filings - See Documents
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