reach shared services limited
reach shared services limited Company Information
Company Number
03890737
Website
http://trinitymirror.comRegistered Address
one canada square, canary wharf, london, E14 5AP
Industry
Activities of head offices
Other business support service activities n.e.c.
Telephone
02072933000
Next Accounts Due
September 2024
Group Structure
View All
Directors
Darren Fisher1 Years
Shareholders
reach plc 100%
reach shared services limited Estimated Valuation
Pomanda estimates the enterprise value of REACH SHARED SERVICES LIMITED at £2.5m based on a Turnover of £1.4m and 1.75x industry multiple (adjusted for size and gross margin).
reach shared services limited Estimated Valuation
Pomanda estimates the enterprise value of REACH SHARED SERVICES LIMITED at £0 based on an EBITDA of £-617k and a 4.71x industry multiple (adjusted for size and gross margin).
reach shared services limited Estimated Valuation
Pomanda estimates the enterprise value of REACH SHARED SERVICES LIMITED at £0 based on Net Assets of £0 and 3.11x industry multiple (adjusted for liquidity).
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Reach Shared Services Limited Overview
Reach Shared Services Limited is a live company located in london, E14 5AP with a Companies House number of 03890737. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1999, it's largest shareholder is reach plc with a 100% stake. Reach Shared Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Reach Shared Services Limited Health Check
Pomanda's financial health check has awarded Reach Shared Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£12m)
£1.4m - Reach Shared Services Limited
£12m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3%)
-10% - Reach Shared Services Limited
3% - Industry AVG
Production
with a gross margin of 36%, this company has a comparable cost of product (36%)
36% - Reach Shared Services Limited
36% - Industry AVG
Profitability
an operating margin of -43.5% make it less profitable than the average company (6.1%)
-43.5% - Reach Shared Services Limited
6.1% - Industry AVG
Employees
with 28 employees, this is below the industry average (72)
28 - Reach Shared Services Limited
72 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has a lower pay structure (£48.2k)
£32.7k - Reach Shared Services Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £50.7k, this is less efficient (£172.6k)
£50.7k - Reach Shared Services Limited
£172.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Reach Shared Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 8144 days, this is slower than average (39 days)
8144 days - Reach Shared Services Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Reach Shared Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)
0 weeks - Reach Shared Services Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (60.5%)
100% - Reach Shared Services Limited
60.5% - Industry AVG
reach shared services limited Credit Report and Business Information
Reach Shared Services Limited Competitor Analysis
Perform a competitor analysis for reach shared services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
reach shared services limited Ownership
REACH SHARED SERVICES LIMITED group structure
Reach Shared Services Limited has 1 subsidiary company.
Ultimate parent company
1 parent
REACH SHARED SERVICES LIMITED
03890737
1 subsidiary
reach shared services limited directors
Reach Shared Services Limited currently has 1 director, Mr Darren Fisher serving since Feb 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Darren Fisher | United Kingdom | 58 years | Feb 2023 | - | Director |
REACH SHARED SERVICES LIMITED financials
Reach Shared Services Limited's latest turnover from December 2022 is £1.4 million and the company has net assets of 0. According to their latest financial statements, Reach Shared Services Limited has 28 employees and maintains cash reserves of £16.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,419,000 | 1,418,000 | 1,727,000 | 1,971,000 | 1,811,000 | 1,780,000 | 1,701,000 | 1,715,000 | 1,661,000 | 1,275,000 | 1,360,000 | 1,403,000 | 1,434,000 | 2,434,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -480,000 | |||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -58,000 | 158,000 | -480,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -42,000 | -11,000 | -21,000 | 12,000 | -55,000 | 139,000 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -42,000 | -11,000 | -21,000 | -46,000 | 103,000 | -341,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -42,000 | -11,000 | -21,000 | -46,000 | 103,000 | -341,000 |
| Employee Costs | 915,000 | 918,000 | 1,063,000 | 1,234,000 | 1,209,000 | 1,094,000 | 1,014,000 | 1,018,000 | 973,000 | 824,000 | 676,000 | 701,000 | 707,000 | 752,000 |
| Number Of Employees | 28 | 28 | 30 | 40 | 45 | 39 | 37 | 39 | 38 | 32 | 25 | 25 | 26 | 26 |
| EBITDA* | -333,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,000 | 39,000 | 70,000 | 73,000 | 173,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,000 | 39,000 | 70,000 | 73,000 | 173,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 2,765,161,000 | 2,724,867,000 | 2,667,411,000 | 2,648,265,000 | 2,372,925,000 | 1,671,251,000 | 1,675,386,000 | 1,787,298,000 | 1,692,111,000 | 1,674,539,000 | 1,590,093,000 | 591,757,000 | 159,200,000 | 60,069,000 |
| Misc Debtors | 12,712,000 | 12,639,000 | 10,386,000 | 13,449,000 | 10,208,000 | 236,000 | 261,000 | 330,000 | 226,000 | 246,000 | 616,000 | 481,000 | 679,000 | 510,000 |
| Cash | 16,363,000 | 18,893,000 | 2,159,000 | 4,119,000 | 54,000 | 5,909,000 | 2,563,000 | 3,420,000 | 15,029,000 | 3,206,000 | 115,000 | 64,000 | 567,000 | 122,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,794,236,000 | 2,756,399,000 | 2,679,956,000 | 2,665,833,000 | 2,383,187,000 | 1,677,396,000 | 1,678,210,000 | 1,791,048,000 | 1,707,366,000 | 1,677,991,000 | 1,590,824,000 | 592,302,000 | 160,446,000 | 60,701,000 |
| total assets | 2,794,236,000 | 2,756,399,000 | 2,679,956,000 | 2,665,833,000 | 2,383,187,000 | 1,677,396,000 | 1,678,210,000 | 1,791,048,000 | 1,707,366,000 | 1,678,000,000 | 1,590,863,000 | 592,372,000 | 160,519,000 | 60,874,000 |
| Bank overdraft | 0 | 0 | 5,918,000 | 0 | 0 | 63,000 | 0 | 834,000 | 1,000 | 2,848,000 | 6,930,000 | 7,860,000 | 0 | 6,587,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,255,000 | 19,632,000 | 8,601,000 | 18,269,000 | 2,514,000 | 67,000 | 46,000 | 24,000 | 62,000 | 123,000 | 97,000 | 203,000 | 90,000 | 8,000 |
| Group/Directors Accounts | 2,762,765,000 | 2,726,495,000 | 2,656,737,000 | 2,640,298,000 | 2,389,676,000 | 1,686,870,000 | 1,687,436,000 | 1,800,167,000 | 1,717,179,000 | 1,684,516,000 | 1,593,063,000 | 593,062,000 | 168,723,000 | 63,163,000 |
| other short term finances | 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 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 11,216,000 | 10,272,000 | 8,700,000 | 7,266,000 | 5,740,000 | 5,139,000 | 5,471,000 | 4,766,000 | 4,867,000 | 5,214,000 | 5,451,000 | 5,868,000 | 6,279,000 | 5,634,000 |
| total current liabilities | 2,794,236,000 | 2,756,399,000 | 2,679,956,000 | 2,665,833,000 | 2,397,930,000 | 1,692,139,000 | 1,692,953,000 | 1,805,791,000 | 1,722,109,000 | 1,692,701,000 | 1,605,541,000 | 606,993,000 | 175,092,000 | 75,392,000 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 48,000 | 50,000 | 208,000 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 48,000 | 50,000 | 208,000 |
| total liabilities | 2,794,236,000 | 2,756,399,000 | 2,679,956,000 | 2,665,833,000 | 2,397,930,000 | 1,692,139,000 | 1,692,953,000 | 1,805,791,000 | 1,722,109,000 | 1,692,701,000 | 1,605,553,000 | 607,041,000 | 175,142,000 | 75,600,000 |
| net assets | 0 | 0 | 0 | 0 | -14,743,000 | -14,743,000 | -14,743,000 | -14,743,000 | -14,743,000 | -14,701,000 | -14,690,000 | -14,669,000 | -14,623,000 | -14,726,000 |
| total shareholders funds | 0 | 0 | 0 | 0 | -14,743,000 | -14,743,000 | -14,743,000 | -14,743,000 | -14,743,000 | -14,701,000 | -14,690,000 | -14,669,000 | -14,623,000 | -14,726,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -480,000 | |||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,000 | 39,000 | 51,000 | 50,000 | 147,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -42,000 | -11,000 | -21,000 | 12,000 | -55,000 | 139,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 40,367,000 | 59,709,000 | 16,083,000 | 278,581,000 | 711,646,000 | 1,671,487,000 | 1,675,647,000 | 95,291,000 | 17,552,000 | 84,076,000 | 1,430,830,000 | 432,359,000 | 99,300,000 | 60,579,000 |
| Creditors | 623,000 | 11,031,000 | -9,668,000 | 15,755,000 | 2,447,000 | 67,000 | 46,000 | -38,000 | -61,000 | 26,000 | 7,000 | 113,000 | 82,000 | 8,000 |
| Accruals and Deferred Income | 944,000 | 1,572,000 | 1,434,000 | 1,526,000 | 601,000 | 5,139,000 | 5,471,000 | -101,000 | -347,000 | -237,000 | -828,000 | -411,000 | 645,000 | 5,634,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12,000 | -38,000 | -2,000 | -158,000 | 208,000 |
| Cash flow from operations | -54,923,000 | |||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 36,270,000 | 69,758,000 | 16,439,000 | 250,622,000 | 702,806,000 | 1,686,870,000 | 1,687,436,000 | 82,988,000 | 32,663,000 | 91,453,000 | 1,424,340,000 | 424,339,000 | 105,560,000 | 63,163,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 36,270,000 | 69,758,000 | 16,439,000 | 265,365,000 | 702,806,000 | 1,672,127,000 | 1,672,693,000 | 82,988,000 | 32,663,000 | 91,453,000 | 1,424,294,000 | 424,339,000 | 105,560,000 | 48,778,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -2,530,000 | 16,734,000 | -1,960,000 | 4,065,000 | -5,855,000 | 5,909,000 | 2,563,000 | -11,609,000 | 11,823,000 | 3,091,000 | -452,000 | -503,000 | 445,000 | 122,000 |
| overdraft | 0 | -5,918,000 | 5,918,000 | 0 | -63,000 | 63,000 | 0 | 833,000 | -2,847,000 | -4,082,000 | 6,930,000 | 7,860,000 | -6,587,000 | 6,587,000 |
| change in cash | -2,530,000 | 22,652,000 | -7,878,000 | 4,065,000 | -5,792,000 | 5,846,000 | 2,563,000 | -12,442,000 | 14,670,000 | 7,173,000 | -7,382,000 | -8,363,000 | 7,032,000 | -6,465,000 |
P&L
December 2022turnover
1.4m
0%
operating profit
-617k
0%
gross margin
36.1%
+2.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
0
0%
total assets
2.8b
+0.01%
cash
16.4m
-0.13%
net assets
Total assets minus all liabilities
Similar Companies
reach shared services limited company details
company number
03890737
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
82990 - Other business support service activities n.e.c.
incorporation date
December 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
trinity mirror shared services limited (May 2018)
mirror sub 4 limited (November 2000)
incorporated
UK
address
one canada square, canary wharf, london, E14 5AP
last accounts submitted
December 2022
reach shared 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 found 2 charges/mortgages relating to reach shared services limited. Currently there are 0 open charges and 2 have been satisfied in the past.
reach shared services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
