worknest limited
worknest limited Company Information
Company Number
04382739
Next Accounts
Dec 2025
Shareholders
worknest (holdings) ltd
Group Structure
View All
Industry
Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
Registered Address
20 grosvenor place, london, SW1X 7HN
Website
www.elliswhittam.comworknest limited Estimated Valuation
Pomanda estimates the enterprise value of WORKNEST LIMITED at £27.2m based on a Turnover of £29.5m and 0.92x industry multiple (adjusted for size and gross margin).
worknest limited Estimated Valuation
Pomanda estimates the enterprise value of WORKNEST LIMITED at £15.8m based on an EBITDA of £3m and a 5.33x industry multiple (adjusted for size and gross margin).
worknest limited Estimated Valuation
Pomanda estimates the enterprise value of WORKNEST LIMITED at £19m based on Net Assets of £11m and 1.74x industry multiple (adjusted for liquidity).
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Worknest Limited Overview
Worknest Limited is a live company located in london, SW1X 7HN with a Companies House number of 04382739. It operates in the activities of patent and copyright agents sector, SIC Code 69109. Founded in February 2002, it's largest shareholder is worknest (holdings) ltd with a 100% stake. Worknest Limited is a mature, large sized company, Pomanda has estimated its turnover at £29.5m with high growth in recent years.
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Worknest Limited Health Check
Pomanda's financial health check has awarded Worknest Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £29.5m, make it larger than the average company (£566.4k)
£29.5m - Worknest Limited
£566.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (8.5%)
24% - Worknest Limited
8.5% - Industry AVG
Production
with a gross margin of 44.1%, this company has a comparable cost of product (51.3%)
44.1% - Worknest Limited
51.3% - Industry AVG
Profitability
an operating margin of 7.5% make it as profitable than the average company (9.1%)
7.5% - Worknest Limited
9.1% - Industry AVG
Employees
with 315 employees, this is above the industry average (7)
315 - Worknest Limited
7 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has a higher pay structure (£34k)
£44.8k - Worknest Limited
£34k - Industry AVG
Efficiency
resulting in sales per employee of £93.6k, this is more efficient (£70.2k)
£93.6k - Worknest Limited
£70.2k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (51 days)
60 days - Worknest Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is close to average (15 days)
15 days - Worknest Limited
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Worknest Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 82 weeks, this is more cash available to meet short term requirements (31 weeks)
82 weeks - Worknest Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.6%, this is a higher level of debt than the average (49.7%)
65.6% - Worknest Limited
49.7% - Industry AVG
WORKNEST LIMITED financials
Worknest Limited's latest turnover from March 2024 is £29.5 million and the company has net assets of £11 million. According to their latest financial statements, Worknest Limited has 315 employees and maintains cash reserves of £15.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,483,790 | 21,282,632 | 19,221,695 | 15,618,750 | 15,913,948 | 14,425,239 | 12,929,362 | 11,949,845 | 10,685,322 | 10,472,940 | 9,220,068 | 8,010,652 | 7,134,051 | 5,380,346 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 16,496,262 | 13,061,806 | 12,045,603 | 9,433,661 | 9,821,602 | 9,909,489 | 9,657,838 | 8,167,779 | 6,902,167 | 6,328,794 | 5,954,481 | 5,466,949 | 4,516,460 | 3,720,242 | |
| Gross Profit | 12,987,528 | 8,220,826 | 7,176,092 | 6,185,089 | 6,092,346 | 4,515,750 | 3,271,524 | 3,782,066 | 3,783,155 | 4,144,146 | 3,265,587 | 2,543,703 | 2,617,591 | 1,660,104 | |
| Admin Expenses | 10,780,663 | 5,375,315 | 4,284,004 | 3,517,608 | 3,580,889 | 3,359,934 | 3,342,942 | 3,560,507 | 1,698,188 | 1,611,677 | 1,456,210 | 1,354,077 | 1,578,546 | 1,126,615 | |
| Operating Profit | 2,206,865 | 2,845,511 | 2,892,088 | 2,667,481 | 2,511,457 | 1,155,816 | -71,418 | 221,559 | 2,084,967 | 2,532,469 | 1,809,377 | 1,189,626 | 1,039,045 | 533,489 | |
| Interest Payable | 237,194 | 288,352 | 294,777 | 240,952 | 265,068 | 261,614 | 223,704 | 177,312 | 129,040 | 142,089 | 145,006 | 28,802 | 25,294 | 28,081 | |
| Interest Receivable | 1,696 | 3,362 | 376 | 2,340 | 94 | 190 | 1,639 | 1,220 | 1,072 | 4,410 | |||||
| Pre-Tax Profit | 1,969,671 | 2,557,159 | 2,597,311 | 2,426,529 | 2,248,085 | 897,564 | -294,746 | 46,587 | 1,956,021 | 2,390,570 | 1,666,010 | 1,070,008 | 1,014,955 | 509,818 | |
| Tax | -1,511,678 | -172,993 | -394,063 | -326,719 | 26,154 | -297 | 38,253 | -8,004 | -402,020 | -487,052 | -401,193 | -292,062 | -262,682 | -150,075 | |
| Profit After Tax | 457,993 | 2,384,166 | 2,203,248 | 2,099,810 | 2,274,239 | 897,267 | -256,493 | 38,583 | 1,554,001 | 1,903,518 | 1,264,817 | 777,946 | 752,273 | 359,743 | |
| Dividends Paid | 142,166 | 1,137,128 | 403,309 | 247,729 | 349,274 | 169,189 | 86,603 | ||||||||
| Retained Profit | 457,993 | 2,384,166 | 2,203,248 | 2,099,810 | 2,274,239 | 897,267 | -256,493 | -103,583 | 416,873 | 1,500,209 | 1,017,088 | 428,672 | 583,084 | 273,140 | |
| Employee Costs | 14,122,906 | 11,652,941 | 9,921,485 | 7,443,608 | 7,920,440 | 8,344,706 | 8,248,818 | 7,296,998 | 6,396,923 | 5,945,805 | 5,060,026 | 4,348,093 | 3,901,524 | 2,633,646 | |
| Number Of Employees | 315 | 222 | 190 | 171 | 173 | 179 | 185 | 163 | 150 | 137 | 131 | 120 | 101 | 81 | |
| EBITDA* | 2,959,938 | 3,359,416 | 3,434,314 | 3,281,378 | 3,098,905 | 1,634,035 | 316,578 | 432,167 | 2,291,431 | 2,755,852 | 2,038,818 | 1,392,630 | 1,209,610 | 624,142 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 169,236 | 195,555 | 194,156 | 167,878 | 295,155 | 290,662 | 578,445 | 680,212 | 270,679 | 348,782 | 371,165 | 423,942 | 353,016 | 205,095 | 123,085 |
| Intangible Assets | 1,644,425 | 1,227,657 | 873,590 | 998,951 | 885,776 | 1,315,788 | 840,677 | 213,500 | 284,667 | 355,833 | 427,000 | 498,167 | 569,333 | 640,500 | |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 8,368,231 | ||||||||||||||
| Total Fixed Assets | 10,181,892 | 1,423,212 | 1,067,746 | 1,166,829 | 1,180,931 | 1,606,450 | 1,419,122 | 893,712 | 555,346 | 704,615 | 798,165 | 922,109 | 922,349 | 845,595 | 123,085 |
| Stock & work in progress | 180 | 8,917 | |||||||||||||
| Trade Debtors | 4,887,237 | 2,740,624 | 2,271,319 | 2,981,369 | 3,441,351 | 3,145,538 | 2,941,858 | 2,811,438 | 3,090,548 | 5,909,036 | 4,257,798 | 3,682,710 | 2,828,109 | 2,230,673 | 1,831,284 |
| Group Debtors | 8,320,812 | 7,896,909 | 7,382,962 | 1,488,798 | 177,242 | ||||||||||
| Misc Debtors | 1,021,787 | 1,839,333 | 2,219,467 | 682,271 | 539,282 | 436,953 | 1,093,525 | 944,948 | 585,980 | 894,167 | 613,722 | 164,607 | 109,446 | 82,814 | |
| Cash | 15,747,697 | 5,263,265 | 2,454,336 | 2,079,716 | 4,380,433 | 3,558,336 | 1,625,958 | 1,785,900 | 530,146 | 344,018 | 93,242 | 234,990 | 193,384 | 202,148 | 306,011 |
| misc current assets | |||||||||||||||
| total current assets | 21,656,721 | 18,164,034 | 14,842,031 | 13,126,318 | 9,849,864 | 7,140,827 | 5,661,341 | 5,719,528 | 4,206,674 | 7,147,221 | 4,964,762 | 4,082,307 | 3,130,939 | 2,515,815 | 2,146,212 |
| total assets | 31,838,613 | 19,587,246 | 15,909,777 | 14,293,147 | 11,030,795 | 8,747,277 | 7,080,463 | 6,613,240 | 4,762,020 | 7,851,836 | 5,762,927 | 5,004,416 | 4,053,288 | 3,361,410 | 2,269,297 |
| Bank overdraft | 72,093 | 52,083 | 1 | ||||||||||||
| Bank loan | 56,250 | 75,000 | 75,000 | 114,472 | 184,434 | 191,469 | 78,944 | 104,897 | |||||||
| Trade Creditors | 682,956 | 715,065 | 599,629 | 603,433 | 879,836 | 371,705 | 320,449 | 315,269 | 211,848 | 328,634 | 142,314 | 187,786 | 228,121 | 146,215 | 1,180,058 |
| Group/Directors Accounts | 289,381 | 401,569 | 1,016,225 | 561,178 | 681,183 | 810,746 | 6,068 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 18,076 | 64,228 | |||||||||||||
| other current liabilities | 9,244,301 | 7,650,489 | 6,792,817 | 6,760,975 | 6,226,061 | 6,138,219 | 5,225,220 | 4,263,868 | 3,461,205 | 2,447,304 | 1,842,713 | 1,806,903 | 1,591,870 | 1,477,338 | |
| total current liabilities | 9,927,257 | 8,654,935 | 7,794,015 | 8,380,633 | 7,162,147 | 7,146,102 | 6,301,852 | 5,461,976 | 3,725,136 | 2,890,411 | 2,187,537 | 2,256,454 | 1,898,935 | 1,728,450 | 1,180,058 |
| loans | 10,369,241 | 56,250 | 131,250 | 209,157 | 52,083 | 166,555 | 346,233 | 197,361 | 269,727 | ||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 19,619 | ||||||||||||||
| provisions | 584,194 | 432,383 | 55,944 | 6,460 | 6,163 | 44,416 | 35,611 | 59,253 | 58,955 | 68,937 | 52,872 | 42,197 | 21,729 | ||
| total long term liabilities | 10,953,435 | 432,383 | 55,944 | 62,710 | 137,413 | 253,573 | 35,611 | 111,336 | 225,510 | 415,170 | 250,233 | 311,924 | 41,348 | ||
| total liabilities | 20,880,692 | 9,087,318 | 7,794,015 | 8,380,633 | 7,218,091 | 7,208,812 | 6,439,265 | 5,715,549 | 3,760,747 | 3,001,747 | 2,413,047 | 2,671,624 | 2,149,168 | 2,040,374 | 1,221,406 |
| net assets | 10,957,921 | 10,499,928 | 8,115,762 | 5,912,514 | 3,812,704 | 1,538,465 | 641,198 | 897,691 | 1,001,273 | 4,850,089 | 3,349,880 | 2,332,792 | 1,904,120 | 1,321,036 | 1,047,891 |
| total shareholders funds | 10,957,921 | 10,499,928 | 8,115,762 | 5,912,514 | 3,812,704 | 1,538,465 | 641,198 | 897,691 | 1,001,273 | 4,850,089 | 3,349,880 | 2,332,792 | 1,904,120 | 1,321,036 | 1,047,891 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,206,865 | 2,845,511 | 2,892,088 | 2,667,481 | 2,511,457 | 1,155,816 | -71,418 | 221,559 | 2,084,967 | 2,532,469 | 1,809,377 | 1,189,626 | 1,039,045 | 533,489 | |
| Depreciation | 137,783 | 104,148 | 126,480 | 148,058 | 83,457 | 346,615 | 198,596 | 139,441 | 135,298 | 152,216 | 158,274 | 131,838 | 99,398 | 68,653 | 40,919 |
| Amortisation | 615,290 | 409,757 | 415,746 | 465,839 | 503,991 | 131,604 | 189,400 | 71,167 | 71,166 | 71,167 | 71,167 | 71,166 | 71,167 | 22,000 | |
| Tax | -1,511,678 | -172,993 | -394,063 | -326,719 | 26,154 | -297 | 38,253 | -8,004 | -402,020 | -487,052 | -401,193 | -292,062 | -262,682 | -150,075 | |
| Stock | -180 | -8,737 | 8,917 | ||||||||||||
| Debtors | 1,376,486 | 513,074 | 1,341,093 | 5,577,171 | 1,886,940 | -452,892 | 101,755 | 257,100 | -3,126,675 | 1,931,683 | 1,024,203 | 909,762 | 624,068 | 482,203 | 1,831,284 |
| Creditors | -32,109 | 115,436 | -3,804 | -276,403 | 508,131 | 51,256 | 5,180 | 103,421 | -116,786 | 186,320 | -45,472 | -40,335 | 81,906 | -1,033,843 | 1,180,058 |
| Accruals and Deferred Income | 1,593,812 | 857,672 | 31,842 | 534,914 | 87,842 | 912,999 | 961,352 | 802,663 | 1,013,901 | 604,591 | 35,810 | 215,033 | 114,532 | 1,477,338 | |
| Deferred Taxes & Provisions | 151,811 | 432,383 | -55,944 | 49,484 | 297 | -38,253 | 8,805 | -23,642 | 298 | -9,982 | 16,065 | 10,675 | 20,468 | 21,729 | |
| Cash flow from operations | 1,785,288 | 4,078,840 | 1,727,196 | -2,419,945 | 1,883,576 | 3,051,182 | 1,181,355 | 1,081,952 | 5,889,559 | 1,128,326 | 593,778 | 381,569 | 530,153 | 464,564 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -57,195 | -129,833 | -105,497 | -202,764 | -247,319 | -813,163 | |||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -57,195 | -129,833 | -105,497 | -202,764 | -247,319 | -813,163 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -56,250 | -18,750 | 75,000 | -114,472 | -69,962 | -7,035 | 112,525 | -25,953 | 104,897 | ||||||
| Group/Directors Accounts | -289,381 | -112,188 | -614,656 | 1,016,225 | -561,178 | -120,005 | -129,563 | 810,746 | -6,068 | 6,068 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 10,369,241 | -56,250 | -75,000 | -77,907 | 209,157 | -52,083 | -114,472 | -179,678 | 148,872 | -72,366 | 269,727 | ||||
| Hire Purchase and Lease Commitments | -18,076 | -46,152 | 64,228 | ||||||||||||
| other long term liabilities | -19,619 | 19,619 | |||||||||||||
| share issue | |||||||||||||||
| interest | -237,194 | -288,352 | -294,777 | -240,952 | -263,372 | -258,252 | -223,328 | -174,972 | -128,946 | -141,899 | -143,367 | -27,582 | -24,222 | -23,671 | |
| cash flow from financing | 9,842,666 | -400,540 | -909,433 | 719,023 | -899,550 | -453,257 | -355,798 | 844,932 | -4,561,190 | -344,409 | -382,300 | 304,111 | -122,541 | 331,339 | |
| cash and cash equivalents | |||||||||||||||
| cash | 10,484,432 | 2,808,929 | 374,620 | -2,300,717 | 822,097 | 1,932,378 | -159,942 | 1,255,754 | 186,128 | 250,776 | -141,748 | 41,606 | -8,764 | -103,863 | 306,011 |
| overdraft | -72,093 | 20,010 | 52,082 | 1 | |||||||||||
| change in cash | 10,484,432 | 2,808,929 | 374,620 | -2,300,717 | 822,097 | 1,932,378 | -87,849 | 1,235,744 | 134,046 | 250,775 | -141,748 | 41,606 | -8,764 | -103,863 | 306,011 |
worknest limited Credit Report and Business Information
Worknest Limited Competitor Analysis
Perform a competitor analysis for worknest limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in SW1X area or any other competitors across 12 key performance metrics.
worknest limited Ownership
WORKNEST LIMITED group structure
Worknest Limited has no subsidiary companies.
Ultimate parent company
INFLEXION BUYOUT VI INVESTMENTS LP
#0141983
2 parents
WORKNEST LIMITED
04382739
worknest limited directors
Worknest Limited currently has 3 directors. The longest serving directors include Mr Nicholas Wilson (Apr 2016) and Mr Gavin Snell (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Wilson | England | 59 years | Apr 2016 | - | Director |
| Mr Gavin Snell | England | 59 years | Oct 2016 | - | Director |
| Mr Gary Jones | England | 42 years | Aug 2024 | - | Director |
P&L
March 2024turnover
29.5m
+39%
operating profit
2.2m
-22%
gross margin
44.1%
+14.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
11m
+0.04%
total assets
31.8m
+0.63%
cash
15.7m
+1.99%
net assets
Total assets minus all liabilities
worknest limited company details
company number
04382739
Type
Private limited with Share Capital
industry
69109 - Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
incorporation date
February 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
ellis whittam limited (September 2022)
aes (employment services) limited (July 2004)
See moreaccountant
-
auditor
-
address
20 grosvenor place, london, SW1X 7HN
Bank
-
Legal Advisor
-
worknest 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 9 charges/mortgages relating to worknest limited. Currently there are 1 open charges and 8 have been satisfied in the past.
worknest 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 WORKNEST LIMITED. This can take several minutes, an email will notify you when this has completed.
worknest limited Companies House Filings - See Documents
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