gap personnel holdings limited
gap personnel holdings limited Company Information
Company Number
03589208
Website
www.gap-personnel.comRegistered Address
pulford house, bell meadow business park, park, chester, CH4 9EP
Industry
Temporary employment agency activities
Telephone
01978890000
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
benext uk holdings limited 100%
gap personnel holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GAP PERSONNEL HOLDINGS LIMITED at £49.7m based on a Turnover of £174.6m and 0.28x industry multiple (adjusted for size and gross margin).
gap personnel holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GAP PERSONNEL HOLDINGS LIMITED at £23.3m based on an EBITDA of £4m and a 5.88x industry multiple (adjusted for size and gross margin).
gap personnel holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GAP PERSONNEL HOLDINGS LIMITED at £5.7m based on Net Assets of £3.6m and 1.58x industry multiple (adjusted for liquidity).
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Gap Personnel Holdings Limited Overview
Gap Personnel Holdings Limited is a live company located in chester, CH4 9EP with a Companies House number of 03589208. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in June 1998, it's largest shareholder is benext uk holdings limited with a 100% stake. Gap Personnel Holdings Limited is a mature, mega sized company, Pomanda has estimated its turnover at £174.6m with declining growth in recent years.
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Gap Personnel Holdings Limited Health Check
Pomanda's financial health check has awarded Gap Personnel Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £174.6m, make it larger than the average company (£14.2m)
£174.6m - Gap Personnel Holdings Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (3.8%)
-2% - Gap Personnel Holdings Limited
3.8% - Industry AVG
Production
with a gross margin of 12.8%, this company has a higher cost of product (18.1%)
12.8% - Gap Personnel Holdings Limited
18.1% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (2.8%)
0.9% - Gap Personnel Holdings Limited
2.8% - Industry AVG
Employees
with 6298 employees, this is above the industry average (53)
6298 - Gap Personnel Holdings Limited
53 - Industry AVG
Pay Structure
on an average salary of £27.1k, the company has a lower pay structure (£48.9k)
£27.1k - Gap Personnel Holdings Limited
£48.9k - Industry AVG
Efficiency
resulting in sales per employee of £27.7k, this is less efficient (£265.5k)
£27.7k - Gap Personnel Holdings Limited
£265.5k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (46 days)
43 days - Gap Personnel Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (4 days)
1 days - Gap Personnel Holdings Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gap Personnel Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (6 weeks)
13 weeks - Gap Personnel Holdings Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.1%, this is a higher level of debt than the average (73.3%)
87.1% - Gap Personnel Holdings Limited
73.3% - Industry AVG
GAP PERSONNEL HOLDINGS LIMITED financials
Gap Personnel Holdings Limited's latest turnover from June 2023 is £174.6 million and the company has net assets of £3.6 million. According to their latest financial statements, Gap Personnel Holdings Limited has 6,298 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 174,570,000 | 236,124,000 | 180,120,000 | 183,493,000 | 171,371,000 | 135,067,000 | 133,016,000 | 119,866,000 | 125,950,000 | 98,882,000 | 72,073,000 | 60,508,000 | 47,286,000 | 6,474,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 152,182,000 | 209,467,000 | 161,895,000 | 161,284,000 | 150,832,000 | 119,792,000 | 115,418,000 | 103,348,000 | 109,755,000 | 86,209,000 | 60,989,000 | 50,856,000 | 39,118,000 | 5,303,000 |
| Gross Profit | 22,388,000 | 26,657,000 | 18,225,000 | 22,209,000 | 20,539,000 | 15,275,000 | 17,598,000 | 16,518,000 | 16,195,000 | 12,673,000 | 11,084,000 | 9,652,000 | 8,168,000 | 1,171,000 |
| Admin Expenses | 20,843,000 | 23,688,000 | 14,818,000 | 19,997,000 | 17,992,000 | 15,457,000 | 14,524,000 | 14,176,000 | 16,001,000 | 11,160,000 | 9,966,000 | 8,253,000 | 7,047,000 | 1,079,000 |
| Operating Profit | 1,545,000 | 2,969,000 | 3,407,000 | 2,212,000 | 2,547,000 | -182,000 | 3,074,000 | 2,342,000 | 194,000 | 1,513,000 | 1,118,000 | 1,399,000 | 1,121,000 | 92,000 |
| Interest Payable | 618,000 | 646,000 | 508,000 | 587,000 | 566,000 | 436,000 | 446,000 | 433,000 | 515,000 | 590,000 | 465,000 | 259,000 | 280,000 | 30,000 |
| Interest Receivable | 70,000 | 213,000 | 119,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 997,000 | 2,536,000 | 3,018,000 | 1,625,000 | 2,334,000 | -618,000 | 2,628,000 | 1,909,000 | -321,000 | 923,000 | 653,000 | 1,140,000 | 841,000 | 62,000 |
| Tax | -588,000 | -585,000 | -688,000 | -459,000 | -536,000 | 49,000 | -470,000 | -493,000 | -1,000 | -256,000 | -280,000 | -363,000 | -260,000 | -35,000 |
| Profit After Tax | 409,000 | 1,951,000 | 2,330,000 | 1,166,000 | 1,798,000 | -569,000 | 2,158,000 | 1,416,000 | -322,000 | 667,000 | 373,000 | 777,000 | 581,000 | 27,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 271,000 | 206,000 | 312,000 | 1,479,000 | 196,000 | 208,000 | 0 | 0 | 0 |
| Retained Profit | 235,000 | 1,680,000 | 2,125,000 | 795,000 | 1,584,000 | -861,000 | 1,952,000 | 1,104,000 | -1,801,000 | 471,000 | 165,000 | 777,000 | 584,000 | 20,000 |
| Employee Costs | 170,569,000 | 222,418,000 | 10,723,000 | 12,274,000 | 11,644,000 | 8,102,000 | 6,764,000 | 5,941,000 | 8,387,000 | 5,720,000 | 4,976,000 | 4,090,000 | 3,858,000 | 723,000 |
| Number Of Employees | 6,298 | 7,692 | 296 | 325 | 330 | 239 | 237 | 259 | 210 | 199 | 172 | 136 | 120 | 23 |
| EBITDA* | 3,971,000 | 5,173,000 | 5,014,000 | 3,719,000 | 3,787,000 | 6,000 | 3,358,000 | 2,662,000 | 687,000 | 2,141,000 | 1,698,000 | 1,870,000 | 1,560,000 | 154,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,109,000 | 811,000 | 887,000 | 923,000 | 837,000 | 714,000 | 433,000 | 593,000 | 865,000 | 971,000 | 906,000 | 736,000 | 385,000 | 133,000 |
| Intangible Assets | 3,464,000 | 4,783,000 | 5,024,000 | 6,238,000 | 7,313,000 | 73,000 | 73,000 | 275,000 | 276,000 | 201,000 | 367,000 | 695,000 | 921,000 | 1,186,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 916,000 | 90,000 | 1,652,000 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 526,000 | 447,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,573,000 | 5,594,000 | 5,911,000 | 7,161,000 | 9,066,000 | 877,000 | 2,684,000 | 1,565,000 | 1,141,000 | 1,172,000 | 1,273,000 | 1,431,000 | 1,306,000 | 1,319,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 20,969,000 | 22,800,000 | 26,769,000 | 19,845,000 | 22,402,000 | 20,624,000 | 21,051,000 | 20,209,000 | 14,744,000 | 16,988,000 | 12,857,000 | 10,340,000 | 9,247,000 | 5,694,000 |
| Group Debtors | 0 | 0 | 0 | 415,000 | 809,000 | 0 | 129,000 | 1,268,000 | 1,211,000 | 397,000 | 233,000 | 78,000 | 66,000 | 53,000 |
| Misc Debtors | 2,925,000 | 3,080,000 | 1,507,000 | 3,503,000 | 4,002,000 | 3,214,000 | 912,000 | 1,861,000 | 2,859,000 | 2,636,000 | 653,000 | 478,000 | 210,000 | 359,000 |
| Cash | 4,923,000 | 5,198,000 | 5,262,000 | 2,788,000 | 2,518,000 | 2,593,000 | 261,000 | 2,062,000 | 285,000 | 508,000 | 446,000 | 560,000 | 114,000 | 50,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 28,817,000 | 31,078,000 | 33,538,000 | 26,551,000 | 29,731,000 | 26,458,000 | 22,353,000 | 25,400,000 | 19,099,000 | 20,529,000 | 14,189,000 | 11,456,000 | 9,637,000 | 6,156,000 |
| total assets | 33,390,000 | 36,672,000 | 39,449,000 | 33,712,000 | 38,797,000 | 27,335,000 | 25,037,000 | 26,965,000 | 20,240,000 | 21,701,000 | 15,462,000 | 12,887,000 | 10,943,000 | 7,475,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 782,000 | 52,000 | 870,000 | 826,000 | 275,000 | 647,000 | 295,000 | 599,000 | 1,348,000 | 1,628,000 | 480,000 | 280,000 | 232,000 | 232,000 |
| Group/Directors Accounts | 1,090,000 | 1,090,000 | 1,415,000 | 5,004,000 | 4,262,000 | 0 | 0 | 0 | 114,000 | 4,000 | 190,000 | 278,000 | 241,000 | 168,000 |
| other short term finances | 3,804,000 | 3,864,000 | 7,239,000 | 10,893,000 | 17,818,000 | 15,807,000 | 15,230,000 | 15,342,000 | 12,225,000 | 12,455,000 | 8,547,000 | 6,958,000 | 6,483,000 | 4,994,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 9,000 | 78,000 | 103,000 | 112,000 | 104,000 | 102,000 | 45,000 | 0 |
| other current liabilities | 13,023,000 | 16,216,000 | 14,046,000 | 11,679,000 | 11,480,000 | 9,735,000 | 7,717,000 | 9,611,000 | 6,219,000 | 5,424,000 | 4,450,000 | 3,701,000 | 3,244,000 | 2,043,000 |
| total current liabilities | 18,699,000 | 21,222,000 | 23,570,000 | 28,402,000 | 33,835,000 | 26,189,000 | 23,251,000 | 25,630,000 | 20,009,000 | 19,623,000 | 13,771,000 | 11,319,000 | 10,245,000 | 7,437,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,000 | 105,000 | 158,000 | 62,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 10,012,000 | 10,573,000 | 10,886,000 | 3,203,000 | 2,253,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 379,000 | 319,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,000 | 25,000 | 14,000 | 17,000 | 0 |
| total long term liabilities | 10,391,000 | 10,892,000 | 10,886,000 | 3,203,000 | 2,253,000 | 0 | 0 | 0 | 0 | 46,000 | 130,000 | 172,000 | 79,000 | 0 |
| total liabilities | 29,090,000 | 32,114,000 | 34,456,000 | 31,605,000 | 36,088,000 | 26,189,000 | 23,251,000 | 25,630,000 | 20,009,000 | 19,669,000 | 13,901,000 | 11,491,000 | 10,324,000 | 7,437,000 |
| net assets | 3,581,000 | 4,093,000 | 4,993,000 | 2,107,000 | 2,709,000 | 1,125,000 | 1,786,000 | 1,335,000 | 231,000 | 2,032,000 | 1,561,000 | 1,396,000 | 619,000 | 38,000 |
| total shareholders funds | 3,581,000 | 4,093,000 | 4,993,000 | 2,107,000 | 2,709,000 | 1,125,000 | 1,786,000 | 1,335,000 | 231,000 | 2,032,000 | 1,561,000 | 1,396,000 | 619,000 | 38,000 |
| Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,545,000 | 2,969,000 | 3,407,000 | 2,212,000 | 2,547,000 | -182,000 | 3,074,000 | 2,342,000 | 194,000 | 1,513,000 | 1,118,000 | 1,399,000 | 1,121,000 | 92,000 |
| Depreciation | 484,000 | 612,000 | 393,000 | 297,000 | 210,000 | 188,000 | 280,000 | 249,000 | 484,000 | 344,000 | 252,000 | 145,000 | 82,000 | 10,000 |
| Amortisation | 1,942,000 | 1,592,000 | 1,214,000 | 1,210,000 | 1,030,000 | 0 | 4,000 | 71,000 | 9,000 | 284,000 | 328,000 | 326,000 | 357,000 | 52,000 |
| Tax | -588,000 | -585,000 | -688,000 | -459,000 | -536,000 | 49,000 | -470,000 | -493,000 | -1,000 | -256,000 | -280,000 | -363,000 | -260,000 | -35,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,986,000 | -2,396,000 | 4,513,000 | -3,450,000 | 3,375,000 | 1,220,000 | -1,167,000 | 4,971,000 | 18,814,000 | 6,278,000 | 2,847,000 | 1,373,000 | 3,417,000 | 6,106,000 |
| Creditors | 730,000 | -818,000 | 44,000 | 551,000 | -372,000 | 352,000 | -304,000 | -749,000 | 1,348,000 | 1,148,000 | 200,000 | 48,000 | 0 | 232,000 |
| Accruals and Deferred Income | -3,193,000 | 2,170,000 | 2,367,000 | 199,000 | 1,745,000 | 2,018,000 | -1,894,000 | 3,392,000 | 6,219,000 | 974,000 | 749,000 | 457,000 | 1,201,000 | 2,043,000 |
| Deferred Taxes & Provisions | 60,000 | 319,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,000 | 11,000 | -3,000 | 17,000 | 0 |
| Cash flow from operations | 2,966,000 | 8,655,000 | 2,224,000 | 7,460,000 | 1,249,000 | 1,205,000 | 1,857,000 | -159,000 | -10,561,000 | -2,273,000 | -469,000 | 636,000 | -899,000 | -3,712,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -4,566,000 | 1,069,000 | -2,341,000 | -293,000 | -284,000 | -338,000 | -361,000 | -350,000 | -130,000 | -13,000 | ||
| Change in Investments | 0 | 0 | 0 | -916,000 | 826,000 | -1,562,000 | 1,402,000 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -5,392,000 | 2,631,000 | -3,743,000 | -543,000 | -284,000 | -338,000 | -361,000 | -350,000 | -130,000 | -13,000 | ||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -325,000 | -3,589,000 | 742,000 | 4,262,000 | 0 | 0 | -114,000 | 114,000 | -186,000 | -88,000 | 37,000 | 73,000 | 168,000 |
| Other Short Term Loans | -60,000 | -3,375,000 | -3,654,000 | -6,925,000 | 2,011,000 | 577,000 | -112,000 | 3,117,000 | 12,225,000 | 3,908,000 | 1,589,000 | 475,000 | 1,489,000 | 4,994,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -9,000 | -69,000 | -25,000 | 103,000 | -74,000 | -51,000 | 153,000 | 107,000 | 0 |
| other long term liabilities | -561,000 | -313,000 | 7,683,000 | 950,000 | 2,253,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -548,000 | -433,000 | -389,000 | -587,000 | -566,000 | -436,000 | -446,000 | -433,000 | -515,000 | -590,000 | -465,000 | -259,000 | -280,000 | -30,000 |
| cash flow from financing | -1,916,000 | -7,026,000 | 812,000 | -7,217,000 | 7,960,000 | 332,000 | -2,128,000 | 2,545,000 | 13,959,000 | 3,058,000 | 985,000 | 406,000 | 1,386,000 | 5,150,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -275,000 | -64,000 | 2,474,000 | 270,000 | -75,000 | 2,332,000 | -1,801,000 | 1,777,000 | 285,000 | 62,000 | -114,000 | 446,000 | 64,000 | 50,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -275,000 | -64,000 | 2,474,000 | 270,000 | -75,000 | 2,332,000 | -1,801,000 | 1,777,000 | 285,000 | 62,000 | -114,000 | 446,000 | 64,000 | 50,000 |
gap personnel holdings limited Credit Report and Business Information
Gap Personnel Holdings Limited Competitor Analysis
Perform a competitor analysis for gap personnel holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gap personnel holdings limited Ownership
GAP PERSONNEL HOLDINGS LIMITED group structure
Gap Personnel Holdings Limited has 11 subsidiary companies.
Ultimate parent company
BENEXT GROUP INC
#0083147
2 parents
GAP PERSONNEL HOLDINGS LIMITED
03589208
11 subsidiaries
gap personnel holdings limited directors
Gap Personnel Holdings Limited currently has 8 directors. The longest serving directors include Mr David Roberts (Oct 2009) and Mr Yuichi Kamata (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Roberts | 48 years | Oct 2009 | - | Director | |
| Mr Yuichi Kamata | Japan | 53 years | Dec 2017 | - | Director |
| Mrs Natasha Thomas | England | 46 years | Jul 2021 | - | Director |
| Mr Richard Thorne | England | 48 years | Jul 2021 | - | Director |
| Mr Gary Cottom | United Kingdom | 56 years | Jul 2021 | - | Director |
| Mr Aaron Loveday | 38 years | Jul 2021 | - | Director | |
| Mr Matthew Hull | England | 49 years | Jul 2021 | - | Director |
| Mr Yusuke Hiyoshi | United Kingdom | 45 years | Aug 2022 | - | Director |
P&L
June 2023turnover
174.6m
-26%
operating profit
1.5m
-48%
gross margin
12.9%
+13.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.6m
-0.13%
total assets
33.4m
-0.09%
cash
4.9m
-0.05%
net assets
Total assets minus all liabilities
gap personnel holdings limited company details
company number
03589208
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
June 1998
age
26
accounts
Group
ultimate parent company
previous names
castle recruitment services limited (November 2009)
incorporated
UK
address
pulford house, bell meadow business park, park, chester, CH4 9EP
last accounts submitted
June 2023
gap personnel holdings 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 4 charges/mortgages relating to gap personnel holdings limited. Currently there are 1 open charges and 3 have been satisfied in the past.
gap personnel holdings limited Companies House Filings - See Documents
| date | description | view/download |
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