forpeople limited

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forpeople limited Company Information

Share FORPEOPLE LIMITED

Company Number

05158431

Directors

Keir Gordon

Nathan Weyer

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Shareholders

david jon summerfield

michael tropper

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

1 pickle mews, london, SW9 0FJ

forpeople limited Estimated Valuation

£16.7m

Pomanda estimates the enterprise value of FORPEOPLE LIMITED at £16.7m based on a Turnover of £13.2m and 1.27x industry multiple (adjusted for size and gross margin).

forpeople limited Estimated Valuation

£19.2m

Pomanda estimates the enterprise value of FORPEOPLE LIMITED at £19.2m based on an EBITDA of £2.1m and a 9.28x industry multiple (adjusted for size and gross margin).

forpeople limited Estimated Valuation

£19.3m

Pomanda estimates the enterprise value of FORPEOPLE LIMITED at £19.3m based on Net Assets of £9.1m and 2.13x industry multiple (adjusted for liquidity).

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Forpeople Limited Overview

Forpeople Limited is a live company located in london, SW9 0FJ with a Companies House number of 05158431. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2004, it's largest shareholder is david jon summerfield with a 49.9% stake. Forpeople Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.2m with high growth in recent years.

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Forpeople Limited Health Check

Pomanda's financial health check has awarded Forpeople Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £13.2m, make it larger than the average company (£4.8m)

£13.2m - Forpeople Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.7%)

17% - Forpeople Limited

6.7% - Industry AVG

production

Production

with a gross margin of 96%, this company has a lower cost of product (38.2%)

96% - Forpeople Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of 14.9% make it more profitable than the average company (5.7%)

14.9% - Forpeople Limited

5.7% - Industry AVG

employees

Employees

with 121 employees, this is above the industry average (27)

121 - Forpeople Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.1k, the company has an equivalent pay structure (£53.9k)

£63.1k - Forpeople Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.1k, this is less efficient (£171.3k)

£109.1k - Forpeople Limited

£171.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 100 days, this is later than average (42 days)

100 days - Forpeople Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 361 days, this is slower than average (32 days)

361 days - Forpeople Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Forpeople Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 135 weeks, this is more cash available to meet short term requirements (22 weeks)

135 weeks - Forpeople Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 23.3%, this is a lower level of debt than the average (62.6%)

23.3% - Forpeople Limited

62.6% - Industry AVG

FORPEOPLE LIMITED financials

EXPORTms excel logo

Forpeople Limited's latest turnover from December 2023 is £13.2 million and the company has net assets of £9.1 million. According to their latest financial statements, Forpeople Limited has 121 employees and maintains cash reserves of £6.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Jun 2011Jun 2010
Turnover13,198,72812,472,91010,440,6788,179,72312,355,11413,622,27611,679,2148,633,6354,260,8598,022,5516,827,4603,891,2621,620,929729,729
Other Income Or Grants
Cost Of Sales530,005577,436676,703292,712807,0681,416,7981,103,455530,0812,709,1075,182,6064,448,9762,492,781990,720435,500
Gross Profit12,668,72311,895,4749,763,9757,887,01111,548,04612,205,47810,575,7598,103,5541,551,7522,839,9452,378,4841,398,481630,210294,229
Admin Expenses10,698,9199,522,9658,135,0418,152,1619,553,8948,962,3597,609,7726,342,698-196,2531,851,1641,940,160973,065474,420257,068
Operating Profit1,969,8042,372,5091,628,934-265,1501,994,1523,243,1192,965,9871,760,8561,748,005988,781438,324425,416155,79037,161
Interest Payable51,3882308448,97212,49414,39212,8321,217
Interest Receivable205,6914,31110910,1624,41186,0893,09211,2495,1732,184933371308
Pre-Tax Profit2,048,1322,376,5901,628,090-274,0131,991,8203,119,7752,968,2811,762,7311,759,254993,954440,508426,349156,16137,469
Tax-158,573-454,893-276,235-14,585-410,646-595,323-590,968-367,246-351,851-208,730-101,317-102,324-40,602-10,491
Profit After Tax1,889,5591,921,6971,351,855-288,5981,581,1742,524,4522,377,3131,395,4851,407,403785,224339,191324,025115,55926,978
Dividends Paid544,7521,144,000936,000104,000644,800364,00031,600129,200
Retained Profit1,344,807777,697415,855-392,598936,3742,160,4522,345,7131,266,2851,407,403785,224339,191324,025115,55926,978
Employee Costs7,629,9306,878,6725,340,7075,853,1506,413,7325,949,3324,974,8414,256,1551,205,1312,242,3771,889,7721,081,646468,884214,260
Number Of Employees12111293108112103897629544627136
EBITDA*2,065,6232,467,2881,768,801-76,9462,201,1413,454,9643,164,3771,869,5011,812,0281,057,381538,409461,733179,76157,689

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Jun 2011Jun 2010
Tangible Assets254,363258,201327,583457,666676,675807,142857,618726,50777,39180,749107,673104,13966,04158,644
Intangible Assets2,5822,7365,5821,113
Investments & Other4,784
Debtors (Due After 1 year)34,88416,06214,16714,16711,66711,667
Total Fixed Assets296,613274,263327,583457,666679,411812,724858,731726,50777,39180,749121,840118,30677,70870,311
Stock & work in progress29,64551,67171,280126,33948,43825,34311,54616,043
Trade Debtors3,622,7082,565,1592,804,4641,483,4241,867,8121,641,4262,290,880835,783867,9981,160,2951,054,378590,516250,04367,622
Group Debtors
Misc Debtors1,012,201876,920750,8631,062,4221,163,773929,923668,307499,855284,866
Cash6,880,4576,880,0585,379,7294,902,4125,415,7625,191,7681,981,0323,701,8442,955,7981,543,675525,535347,91125,198123,294
misc current assets
total current assets11,515,36610,322,1378,935,0567,448,2588,476,9927,814,7885,011,4995,163,8214,157,1002,729,3131,591,459954,470275,241190,916
total assets11,811,97910,596,4009,262,6397,905,9249,156,4038,627,5125,870,2305,890,3284,234,4912,810,0621,713,2991,072,776352,949261,227
Bank overdraft
Bank loan
Trade Creditors 525,318223,715332,137243,526219,814355,598272,654160,512161,6471,126,991801,771510,376153,031172,774
Group/Directors Accounts
other short term finances184,32670,963
hp & lease commitments42,315112,37080,62746,8212,251
other current liabilities2,111,6932,570,0791,925,8561,139,2531,952,9601,913,5491,514,3781,355,217977,415
total current liabilities2,637,0112,793,7942,257,9931,382,7792,215,0892,565,8431,938,6221,562,5501,141,3131,126,991801,771510,376153,031172,774
loans
hp & lease commitments42,31674,854108,148
Accruals and Deferred Income
other liabilities2,25114,6651,916
provisions118,904118,904135,811154,735172,310186,723184,576113,16512,9988,0439,31014,0386,1818,359
total long term liabilities118,904118,904135,811154,735172,310229,039259,430221,31312,99810,29423,97514,0386,18110,275
total liabilities2,755,9152,912,6982,393,8041,537,5142,387,3992,794,8822,198,0521,783,8631,154,3111,137,285825,746524,414159,212183,049
net assets9,056,0647,683,7026,868,8356,368,4106,769,0045,832,6303,672,1784,106,4653,080,1801,672,777887,553548,362193,73778,178
total shareholders funds9,056,0647,683,7026,868,8356,368,4106,769,0045,832,6303,672,1784,106,4653,080,1801,672,777887,553548,362193,73778,178
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Jun 2011Jun 2010
Operating Activities
Operating Profit1,969,8042,372,5091,628,934-265,1501,994,1523,243,1192,965,9871,760,8561,748,005988,781438,324425,416155,79037,161
Depreciation95,19494,779139,867185,468204,148209,006198,290108,64564,02368,600100,08536,31723,97120,528
Amortisation6252,7362,8412,839100
Tax-158,573-454,893-276,235-14,585-410,646-595,323-590,968-367,246-351,851-208,730-101,317-102,324-40,602-10,491
Stock-29,645-22,026-19,609-55,05977,90123,09513,797-4,49716,043
Debtors1,211,652-97,1861,009,481-485,739460,236-387,8381,623,549182,774-7,43191,750463,862342,973182,42179,289
Creditors301,603-108,42288,61123,712-135,78482,944112,142-1,135-965,344325,220291,395357,345-19,743172,774
Accruals and Deferred Income-458,386644,223786,603-813,70739,411399,171159,161377,802977,415
Deferred Taxes & Provisions-16,907-18,924-17,575-14,4132,14771,411100,1674,955-1,267-4,7287,857-2,1788,359
Cash flow from operations538,6152,628,4751,339,375-383,7171,241,4993,751,3501,347,6331,718,4141,461,5391,067,057264,394365,595-65,183149,042
Investing Activities
capital expenditure-22,139-254,520-598,493-60,665-41,676-103,619-74,415-31,368-79,172
Change in Investments4,784
cash flow from investments-4,784-22,139-254,520-598,493-60,665-41,676-103,619-74,415-31,368-79,172
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans -184,326113,36370,963
Long term loans
Hire Purchase and Lease Commitments-42,315-112,371-795512152,7182,251
other long term liabilities-2,251-12,41414,665-1,9161,916
share issue27,55537,17084,570-7,996-2,780,000-240,00030,60051,200
interest154,3034,081-844-8,863-2,332-9,98173,2571,87511,2495,1732,184933371308
cash flow from financing181,85841,25183,726-59,174-299,029102,587-2,635,268-85,40711,249-7,24116,84931,533-1,54553,424
cash and cash equivalents
cash3991,500,329477,317-513,350223,9943,210,736-1,720,812746,0461,412,1231,018,140177,624322,713-98,096123,294
overdraft
change in cash3991,500,329477,317-513,350223,9943,210,736-1,720,812746,0461,412,1231,018,140177,624322,713-98,096123,294

forpeople limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Forpeople Limited Competitor Analysis

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Perform a competitor analysis for forpeople limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in SW9 area or any other competitors across 12 key performance metrics.

forpeople limited Ownership

FORPEOPLE LIMITED group structure

Forpeople Limited has no subsidiary companies.

Ultimate parent company

FORPEOPLE LIMITED

05158431

FORPEOPLE LIMITED Shareholders

david jon summerfield 49.94%
michael tropper 36.49%
william mark amberg 7.68%
brian st. john compton carr 5.76%
george francis watson 0.12%

forpeople limited directors

Forpeople Limited currently has 3 directors. The longest serving directors include Mr Keir Gordon (May 2021) and Mr Nathan Weyer (Feb 2023).

officercountryagestartendrole
Mr Keir GordonEngland62 years May 2021- Director
Mr Nathan WeyerUnited Kingdom52 years Feb 2023- Director
Mr Christopher HackingEngland45 years Oct 2024- Director

P&L

December 2023

turnover

13.2m

+6%

operating profit

2m

-17%

gross margin

96%

+0.64%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

9.1m

+0.18%

total assets

11.8m

+0.11%

cash

6.9m

0%

net assets

Total assets minus all liabilities

forpeople limited company details

company number

05158431

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2004

age

21

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

charco 1088 limited (August 2004)

accountant

-

auditor

MOORE KINGSTON SMITH LLP

address

1 pickle mews, london, SW9 0FJ

Bank

-

Legal Advisor

-

forpeople 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 forpeople limited. Currently there are 1 open charges and 3 have been satisfied in the past.

forpeople 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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forpeople limited Companies House Filings - See Documents

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