smartsourcing limited
smartsourcing limited Company Information
Company Number
04359421
Next Accounts
Sep 2025
Industry
Temporary employment agency activities
Shareholders
smartsourcing group limited
Group Structure
View All
Contact
Registered Address
tanglewood, 90-92 vicarage hill, south benfleet, essex, SS7 1PE
Website
http://smartsourcing.plc.uksmartsourcing limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTSOURCING LIMITED at £5m based on a Turnover of £24.1m and 0.21x industry multiple (adjusted for size and gross margin).
smartsourcing limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTSOURCING LIMITED at £647.1k based on an EBITDA of £209.3k and a 3.09x industry multiple (adjusted for size and gross margin).
smartsourcing limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTSOURCING LIMITED at £5.5m based on Net Assets of £3.6m and 1.53x industry multiple (adjusted for liquidity).
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Smartsourcing Limited Overview
Smartsourcing Limited is a live company located in south benfleet, SS7 1PE with a Companies House number of 04359421. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in January 2002, it's largest shareholder is smartsourcing group limited with a 100% stake. Smartsourcing Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.1m with declining growth in recent years.
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Smartsourcing Limited Health Check
Pomanda's financial health check has awarded Smartsourcing Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £24.1m, make it larger than the average company (£16.6m)
£24.1m - Smartsourcing Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.1%)
-6% - Smartsourcing Limited
6.1% - Industry AVG
Production
with a gross margin of 8.1%, this company has a higher cost of product (18.3%)
8.1% - Smartsourcing Limited
18.3% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (2.6%)
0.9% - Smartsourcing Limited
2.6% - Industry AVG
Employees
with 27 employees, this is below the industry average (56)
27 - Smartsourcing Limited
56 - Industry AVG
Pay Structure
on an average salary of £54.1k, the company has an equivalent pay structure (£52.9k)
£54.1k - Smartsourcing Limited
£52.9k - Industry AVG
Efficiency
resulting in sales per employee of £891.9k, this is more efficient (£246.7k)
£891.9k - Smartsourcing Limited
£246.7k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (45 days)
39 days - Smartsourcing Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is slower than average (4 days)
28 days - Smartsourcing Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smartsourcing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (6 weeks)
4 weeks - Smartsourcing Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.7%, this is a lower level of debt than the average (71.3%)
33.7% - Smartsourcing Limited
71.3% - Industry AVG
SMARTSOURCING LIMITED financials
Smartsourcing Limited's latest turnover from December 2023 is £24.1 million and the company has net assets of £3.6 million. According to their latest financial statements, Smartsourcing Limited has 27 employees and maintains cash reserves of £159.5 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 | 24,080,364 | 24,695,572 | 29,965,792 | 28,843,161 | 30,433,243 | 30,278,546 | 28,325,001 | 24,063,401 | 23,012,370 | 22,052,806 | 14,473,006 | 13,738,245 | 12,201,443 | 15,151,570 | 18,128,321 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 22,125,979 | 22,270,395 | 26,976,206 | 26,186,406 | 27,636,549 | 27,774,551 | 26,024,604 | 22,285,680 | 21,304,160 | 20,240,304 | 13,146,636 | 12,630,066 | 11,207,495 | 13,853,583 | 16,599,722 |
| Gross Profit | 1,954,385 | 2,425,177 | 2,989,586 | 2,656,755 | 2,796,694 | 2,503,995 | 2,300,397 | 1,777,721 | 1,708,210 | 1,812,502 | 1,326,370 | 1,108,179 | 993,948 | 1,297,987 | 1,528,599 |
| Admin Expenses | 1,749,098 | 1,765,670 | 1,727,357 | 1,629,504 | 1,678,799 | 1,571,051 | 1,497,602 | 1,431,619 | 1,313,977 | 1,370,401 | 1,126,366 | 1,006,147 | 959,827 | 1,032,824 | 1,111,955 |
| Operating Profit | 205,287 | 659,507 | 1,262,229 | 1,027,251 | 1,117,895 | 932,944 | 802,795 | 346,102 | 394,233 | 442,101 | 200,004 | 102,032 | 34,121 | 265,163 | 416,644 |
| Interest Payable | 24,198 | 3,544 | 4,879 | 7,671 | 39,738 | 43,751 | 18,464 | 9,311 | 14,082 | 26,127 | 22,132 | 17,392 | 10,801 | 9,038 | 12,429 |
| Interest Receivable | 152 | 0 | 0 | 213 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 385 | 0 | 0 | 229 |
| Pre-Tax Profit | 181,241 | 655,963 | 1,257,350 | 1,019,793 | 1,078,157 | 889,193 | 784,331 | 197,715 | 380,151 | 415,974 | 177,872 | 85,025 | 23,320 | 256,125 | 404,444 |
| Tax | -41,144 | -119,250 | -228,097 | -186,513 | -206,489 | -169,597 | -144,994 | -20,675 | 41,883 | -86,111 | -39,312 | -18,117 | -8,498 | -53,559 | -97,918 |
| Profit After Tax | 140,097 | 536,713 | 1,029,253 | 833,280 | 871,668 | 719,596 | 639,337 | 177,040 | 422,034 | 329,863 | 138,560 | 66,908 | 14,822 | 202,566 | 306,526 |
| Dividends Paid | 0 | 250,000 | 250,000 | 150,000 | 500,000 | 500,000 | 100,000 | 400,000 | 320,000 | 160,000 | 80,000 | 50,000 | 180,000 | 250,000 | 175,000 |
| Retained Profit | 140,097 | 286,713 | 779,253 | 683,280 | 371,668 | 219,596 | 539,337 | -222,960 | 102,034 | 169,863 | 58,560 | 16,908 | -165,178 | -47,434 | 131,526 |
| Employee Costs | 1,461,006 | 1,468,751 | 1,433,069 | 1,368,045 | 1,395,404 | 1,323,611 | 1,238,716 | 1,164,978 | 986,532 | 1,031,607 | 814,276 | 702,866 | 651,826 | 679,199 | 706,462 |
| Number Of Employees | 27 | 28 | 26 | 25 | 26 | 25 | 25 | 26 | 25 | 22 | 18 | 17 | 17 | 16 | 17 |
| EBITDA* | 209,262 | 663,209 | 1,266,296 | 1,032,378 | 1,123,731 | 937,680 | 809,767 | 362,038 | 412,542 | 460,466 | 216,886 | 137,729 | 68,698 | 300,451 | 452,665 |
* 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 | 7,111 | 7,520 | 4,019 | 6,439 | 8,315 | 6,303 | 8,693 | 7,777 | 32,732 | 46,191 | 44,389 | 56,492 | 20,629 | 29,741 | 17,962 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 50,000 | 75,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,111 | 7,520 | 4,019 | 6,439 | 8,315 | 6,303 | 8,693 | 7,777 | 32,732 | 46,191 | 44,389 | 56,492 | 45,629 | 79,741 | 92,963 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,620,840 | 2,961,436 | 2,644,463 | 4,050,049 | 3,672,615 | 5,036,573 | 3,172,740 | 2,234,022 | 1,615,509 | 2,791,784 | 1,992,397 | 1,862,301 | 1,695,138 | 1,601,444 | 1,742,290 |
| Group Debtors | 2,507,501 | 2,084,084 | 1,499,743 | 522,797 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 120,042 | 32,132 | 36,975 | 29,243 | 39,094 | 26,784 | 9,445 | 9,345 | 12,776 | 14,657 | 20,205 | 7,145 | 31,632 | 20,157 | 7,822 |
| Cash | 159,456 | 64,030 | 1,224,279 | 142,013 | 144,173 | 60,283 | 149,212 | 70,349 | 171,245 | 58,256 | 53,331 | 103,885 | 56,323 | 50,953 | 47,725 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,407,839 | 5,141,682 | 5,405,460 | 4,744,102 | 3,855,882 | 5,123,640 | 3,331,397 | 2,313,716 | 1,799,530 | 2,864,697 | 2,065,933 | 1,973,331 | 1,783,093 | 1,672,554 | 1,797,837 |
| total assets | 5,414,950 | 5,149,202 | 5,409,479 | 4,750,541 | 3,864,197 | 5,129,943 | 3,340,090 | 2,321,493 | 1,832,262 | 2,910,888 | 2,110,322 | 2,029,823 | 1,828,722 | 1,752,295 | 1,890,800 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 1,716,624 | 1,403,857 | 1,681,693 | 1,786,163 | 1,271,183 | 1,160,573 | 1,308,741 | 1,244,297 | 813,349 | 1,131,639 | 730,421 | 780,272 | 746,291 | 811,311 | 664,838 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 71,341 | 0 | 8,834 | 333,197 | 2,209,606 | 483,690 | 234,172 | 0 | 750,404 | 588,419 | 558,777 | 547,044 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,575 | 6,220 | 6,220 | 6,220 | 0 | 0 | 0 |
| other current liabilities | 109,599 | 225,374 | 565,869 | 572,880 | 560,433 | 432,048 | 439,539 | 274,241 | 207,595 | 313,341 | 239,621 | 191,253 | 91,009 | 331,428 | 568,972 |
| total current liabilities | 1,826,223 | 1,700,572 | 2,247,562 | 2,367,877 | 2,164,813 | 3,802,227 | 2,231,970 | 1,752,710 | 1,040,519 | 2,201,604 | 1,564,681 | 1,536,522 | 1,384,344 | 1,142,739 | 1,233,810 |
| loans | 0 | 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 | 19,575 | 25,795 | 32,015 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,575 | 25,795 | 32,015 | 0 | 0 | 0 |
| total liabilities | 1,826,223 | 1,700,572 | 2,247,562 | 2,367,877 | 2,164,813 | 3,802,227 | 2,231,970 | 1,752,710 | 1,040,519 | 2,221,179 | 1,590,476 | 1,568,537 | 1,384,344 | 1,142,739 | 1,233,810 |
| net assets | 3,588,727 | 3,448,630 | 3,161,917 | 2,382,664 | 1,699,384 | 1,327,716 | 1,108,120 | 568,783 | 791,743 | 689,709 | 519,846 | 461,286 | 444,378 | 609,556 | 656,990 |
| total shareholders funds | 3,588,727 | 3,448,630 | 3,161,917 | 2,382,664 | 1,699,384 | 1,327,716 | 1,108,120 | 568,783 | 791,743 | 689,709 | 519,846 | 461,286 | 444,378 | 609,556 | 656,990 |
| 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 | 205,287 | 659,507 | 1,262,229 | 1,027,251 | 1,117,895 | 932,944 | 802,795 | 346,102 | 394,233 | 442,101 | 200,004 | 102,032 | 34,121 | 265,163 | 416,644 |
| Depreciation | 3,975 | 3,702 | 4,067 | 5,127 | 5,836 | 4,736 | 6,972 | 15,936 | 18,309 | 18,365 | 16,882 | 10,697 | 9,577 | 10,288 | 11,021 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 25,000 | 25,000 | 25,000 |
| Tax | -41,144 | -119,250 | -228,097 | -186,513 | -206,489 | -169,597 | -144,994 | -20,675 | 41,883 | -86,111 | -39,312 | -18,117 | -8,498 | -53,559 | -97,918 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 170,731 | 896,471 | -420,908 | 890,380 | -1,351,648 | 1,881,172 | 938,818 | 615,082 | -1,178,156 | 793,839 | 143,156 | 142,676 | 105,169 | -128,511 | 1,750,112 |
| Creditors | 312,767 | -277,836 | -104,470 | 514,980 | 110,610 | -148,168 | 64,444 | 430,948 | -318,290 | 401,218 | -49,851 | 33,981 | -65,020 | 146,473 | 664,838 |
| Accruals and Deferred Income | -115,775 | -340,495 | -7,011 | 12,447 | 128,385 | -7,491 | 165,298 | 66,646 | -105,746 | 73,720 | 48,368 | 100,244 | -240,419 | -237,544 | 568,972 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 194,379 | -970,843 | 1,347,626 | 482,912 | 2,507,885 | -1,268,748 | -44,303 | 223,875 | 1,208,545 | 55,454 | 32,935 | 111,161 | -350,408 | 284,332 | -161,555 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | -2,346 | -7,888 | 14,363 | -4,850 | 0 | -4,779 | -4,595 | -465 | -23,675 | -3,882 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
| cash flow from investments | 0 | -2,346 | -7,888 | 14,363 | -4,850 | 0 | -4,779 | -4,595 | -465 | -23,674 | -3,883 | ||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -71,341 | 71,341 | -8,834 | -324,363 | -1,876,409 | 1,725,916 | 249,518 | 234,172 | -750,404 | 161,985 | 29,642 | 11,733 | 547,044 | 0 | 0 |
| Long term loans | 0 | 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 | -19,575 | -6,220 | -6,220 | -6,220 | 38,235 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -24,046 | -3,544 | -4,879 | -7,458 | -39,738 | -43,751 | -18,464 | -9,311 | -14,082 | -26,127 | -22,132 | -17,007 | -10,801 | -9,038 | -12,200 |
| cash flow from financing | -95,387 | 67,797 | -13,713 | -331,821 | -1,916,147 | 1,682,165 | 231,054 | 205,286 | -770,706 | 129,638 | 1,290 | 32,961 | 536,243 | -9,038 | 513,264 |
| cash and cash equivalents | |||||||||||||||
| cash | 95,426 | -1,160,249 | 1,082,266 | -2,160 | 83,890 | -88,929 | 78,863 | -100,896 | 112,989 | 4,925 | -50,554 | 47,562 | 5,370 | 3,228 | 47,725 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 95,426 | -1,160,249 | 1,082,266 | -2,160 | 83,890 | -88,929 | 78,863 | -100,896 | 112,989 | 4,925 | -50,554 | 47,562 | 5,370 | 3,228 | 47,725 |
smartsourcing limited Credit Report and Business Information
Smartsourcing Limited Competitor Analysis
Perform a competitor analysis for smartsourcing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SS7 area or any other competitors across 12 key performance metrics.
smartsourcing limited Ownership
SMARTSOURCING LIMITED group structure
Smartsourcing Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SMARTSOURCING LIMITED
04359421
1 subsidiary
smartsourcing limited directors
Smartsourcing Limited currently has 5 directors. The longest serving directors include Mr Anthony Martin (Jan 2002) and Ms Judith Hall (Oct 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Martin | 76 years | Jan 2002 | - | Director | |
| Ms Judith Hall | 59 years | Oct 2002 | - | Director | |
| Mr Jason Hemmings | 55 years | May 2021 | - | Director | |
| Miss Joanne Grossick | 55 years | May 2021 | - | Director | |
| Mrs Lisa Boulton-Brown | 49 years | May 2021 | - | Director |
P&L
December 2023turnover
24.1m
-2%
operating profit
205.3k
-69%
gross margin
8.2%
-17.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.6m
+0.04%
total assets
5.4m
+0.05%
cash
159.5k
+1.49%
net assets
Total assets minus all liabilities
smartsourcing limited company details
company number
04359421
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
January 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
smartsourcing plc (February 2020)
accountant
-
auditor
GOLDWYNS LIMITED
address
tanglewood, 90-92 vicarage hill, south benfleet, essex, SS7 1PE
Bank
-
Legal Advisor
-
smartsourcing 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 7 charges/mortgages relating to smartsourcing limited. Currently there are 5 open charges and 2 have been satisfied in the past.
smartsourcing 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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smartsourcing limited Companies House Filings - See Documents
| date | description | view/download |
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