The Skills Network Limited

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the skills network limited Company Information

Live

EstablishedMidHigh

Company Number

06445363

Next Accounts

Apr 2025

Industry

Educational support activities

Directors

Eliot Grant

Jacqueline Cox

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Shareholders

eliot coulson grant

michael raymond cox

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Group Structure

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Contact

Registered Address

unit 16 abbey court, benedict drive, selby, north yorkshire, YO8 8RY

Website

www.theskillsnetwork.com

the skills network limited Estimated Valuation

£22.9m

Pomanda estimates the enterprise value of THE SKILLS NETWORK LIMITED at £22.9m based on a Turnover of £20m and 1.15x industry multiple (adjusted for size and gross margin).

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The Skills Network Limited is a live company located in selby, YO8 8RY with a Companies House number of 06445363. It operates in the educational support services sector, SIC Code 85600. Founded in December 2007, it's largest shareholder is eliot coulson grant with a 25% stake. The Skills Network Limited is a established, mid sized company, Pomanda has estimated its turnover at £20m with high growth in recent years.

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Pomanda's financial health check has awarded The Skills Network Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

8 Strong

0 Regular

4 Weak

Size

annual sales of £20m, make it larger than the average company (£400.7k)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (4.6%)

EXPORT

The Skills Network Limited's latest turnover from July 2023 is £20 million and the company has net assets of £24.3 thousand. According to their latest financial statements, The Skills Network Limited has 313 employees and maintains cash reserves of £190.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	19,970,563	18,672,396	17,029,776	13,048,917	16,059,646	14,351,293	11,156,819	6,148,191	10,697,988	3,040,307	10,573,255	9,324,967	8,098,883	1,751,305	699,300
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,306,511	3,926,566	3,735,937	3,248,076	5,155,939	4,555,729	3,342,279	2,685,439	3,594,990	1,280,114	3,944,148	3,531,966	3,332,052	811,156	311,321
Gross Profit	16,664,052	14,745,830	13,293,839	9,800,841	10,903,707	9,795,564	7,814,540	3,462,752	7,102,998	1,760,193	6,629,107	5,793,001	4,766,830	940,149	387,978
Admin Expenses	18,592,991	15,491,601	11,047,556	8,318,467	8,643,704	6,877,742	4,688,046	3,456,218	3,969,540	1,399,232	4,047,178	3,243,050	4,676,578	781,855	383,000
Operating Profit	-1,928,939	-745,771	2,246,283	1,482,374	2,260,003	2,917,822	3,126,494	6,534	3,133,458	360,961	2,581,929	2,549,951	90,252	158,294	4,978
Interest Payable	0	0	0	4,976	7,633	7,349	4,511	8,123	7,653	10,644	5,457	6,616	0	0	0
Interest Receivable	0	166	338	11	0	35	347	526	589	243	349	348	925	1	0
Pre-Tax Profit	-1,988,632	-1,006,405	2,246,621	1,477,409	2,252,370	2,910,508	3,122,330	-1,063	3,126,394	350,560	2,576,821	2,543,683	91,177	158,294	4,978
Tax	23,749	112,514	-436,733	-309,974	-433,285	-567,281	-628,868	-7,446	-656,275	-72,165	-605,213	-620,211	-23,706	-44,322	-1,394
Profit After Tax	-1,964,883	-893,891	1,809,888	1,167,435	1,819,085	2,343,227	2,493,462	-8,509	2,470,119	278,395	1,971,608	1,923,472	67,471	113,972	3,584
Dividends Paid	68,000	1,272,000	2,176,000	1,091,203	648,000	644,432	851,200	919,100	1,017,953	318,000	1,510,900	622,000	0	0	0
Retained Profit	-2,032,883	-2,165,891	-366,112	76,232	1,171,085	1,698,795	1,642,262	-927,609	1,452,166	-39,605	460,708	1,301,472	67,471	113,972	3,584
Employee Costs	10,226,623	9,489,127	7,128,146	5,057,328	5,415,997	4,054,643	2,990,097	2,105,148	2,477,176	836,653	2,449,592	1,901,458	4,211,102	887,506	368,081
Number Of Employees	313	306	221	196	211	184	145	108	119	114	113	82	169	36	14
EBITDA*	-1,190,765	16,390	2,886,768	2,245,360	2,783,850	3,264,758	3,399,554	252,727	3,382,015	436,789	2,714,611	2,680,272	148,202	170,840	11,999

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	91,795	221,260	225,768	210,071	315,018	307,648	336,626	124,305	212,105	283,907	315,798	185,394	137,963	22,718	16,932
Intangible Assets	1,886,616	1,679,809	959,278	706,881	792,172	608,962	357,563	176,421	214,038	244,943	239,283	103,475	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	1,978,411	1,901,069	1,185,046	916,952	1,107,190	916,610	694,189	300,726	426,143	528,850	555,081	288,869	137,963	22,718	16,932
Stock & work in progress	163,521	160,011	152,367	276,361	378,652	453,069	381,344	159,915	136,411	124,377	123,709	21,825	1,828	150,475	6,842
Trade Debtors	885,532	3,166,448	2,568,353	2,350,196	2,054,243	2,093,473	1,201,357	787,120	897,031	513,413	1,020,299	737,959	647,035	152,614	67,879
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,726,826	2,375,138	1,948,952	1,662,301	3,552,391	5,186,452	3,781,899	2,381,996	2,840,480	1,972,785	1,728,654	713,587	0	4,237	0
Cash	190,476	1,033,178	3,184,152	3,181,942	754,957	1,077	497,598	186,279	1,306,186	701,361	318,235	1,290,290	369,606	300	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,966,355	6,734,775	7,853,824	7,470,800	6,740,243	7,734,071	5,862,198	3,515,310	5,180,108	3,311,936	3,190,897	2,763,661	1,018,469	307,626	74,721
total assets	4,944,766	8,635,844	9,038,870	8,387,752	7,847,433	8,650,681	6,556,387	3,816,036	5,606,251	3,840,786	3,745,978	3,052,530	1,156,432	330,344	91,653
Bank overdraft	0	143,942	0	0	0	20,623	9,068	7,645	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	113,665	0	0	0
Trade Creditors	1,461,538	1,583,341	914,932	515,700	1,230,679	1,330,972	975,048	690,707	927,610	991,393	501,258	645,450	912,635	208,144	84,413
Group/Directors Accounts	0	0	0	0	0	0	0	0	42,654	2,890	37,061	2,685	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	20,962	60,213	44,618	44,545	44,232	40,310	40,310	40,310	17,507	0	0	0
other current liabilities	3,068,518	4,437,219	3,487,796	2,872,766	1,616,596	1,273,610	1,238,533	606,174	1,141,530	751,054	1,102,802	747,421	0	0	0
total current liabilities	4,530,056	6,164,502	4,402,728	3,409,428	2,907,488	2,669,823	2,267,194	1,348,758	2,152,104	1,785,647	1,681,431	1,526,728	912,635	208,144	84,413
loans	0	0	0	0	0	0	588	7,057	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	26,162	46,813	107,026	151,565	19,262	63,493	103,803	117,240	27,791	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	44,790	0	0
provisions	390,406	414,155	168,513	118,421	135,623	100,516	62,519	8,700	30,786	43,634	0	11,412	13,880	4,544	3,556
total long term liabilities	390,406	414,155	168,513	144,583	182,436	207,542	214,672	35,019	94,279	147,437	117,240	39,203	58,670	4,544	3,556
total liabilities	4,920,462	6,578,657	4,571,241	3,554,011	3,089,924	2,877,365	2,481,866	1,383,777	2,246,383	1,933,084	1,798,671	1,565,931	971,305	212,688	87,969
net assets	24,304	2,057,187	4,467,629	4,833,741	4,757,509	5,773,316	4,074,521	2,432,259	3,359,868	1,907,702	1,947,307	1,486,599	185,127	117,656	3,684
total shareholders funds	24,304	2,057,187	4,467,629	4,833,741	4,757,509	5,773,316	4,074,521	2,432,259	3,359,868	1,907,702	1,947,307	1,486,599	185,127	117,656	3,684

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-1,928,939	-745,771	2,246,283	1,482,374	2,260,003	2,917,822	3,126,494	6,534	3,133,458	360,961	2,581,929	2,549,951	90,252	158,294	4,978
Depreciation	110,535	129,421	134,721	174,740	147,650	127,504	105,523	91,563	95,856	35,803	79,558	78,583	57,950	12,546	7,021
Amortisation	627,639	632,740	505,764	588,246	376,197	219,432	167,537	154,630	152,701	40,025	53,124	51,738	0	0	0
Tax	23,749	112,514	-436,733	-309,974	-433,285	-567,281	-628,868	-7,446	-656,275	-72,165	-605,213	-620,211	-23,706	-44,322	-1,394
Stock	3,510	7,644	-123,994	-102,291	-74,417	71,725	221,429	23,504	12,034	102,552	101,884	19,997	-148,647	143,633	6,842
Debtors	-2,929,228	1,024,281	504,808	-1,594,137	-1,673,291	2,296,669	1,814,140	-568,395	1,251,313	1,034,652	1,297,407	804,511	490,184	88,972	67,879
Creditors	-121,803	668,409	399,232	-714,979	-100,293	355,924	284,341	-236,903	-63,783	345,943	-144,192	-267,185	704,491	123,731	84,413
Accruals and Deferred Income	-1,368,701	949,423	615,030	1,256,170	342,986	35,077	632,359	-535,356	390,476	3,633	355,381	747,421	0	0	0
Deferred Taxes & Provisions	-23,749	245,642	50,092	-17,202	35,107	37,997	53,819	-22,086	-12,848	32,222	-11,412	-2,468	9,336	988	3,556
Cash flow from operations	244,449	960,453	3,133,575	4,155,803	4,376,073	758,081	1,705,636	-4,173	1,776,238	-390,782	909,884	1,713,321	496,786	18,632	23,853
Investing Activities
capital expenditure	0	0	0	0	0	-569,357	-443,367	0	-145,850	-49,597	-239,411	-281,227	-173,195	-18,332	-23,953
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-569,357	-443,367	0	-145,850	-49,597	-239,411	-281,227	-173,195	-18,332	-23,953
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	-113,665	-113,665	113,665	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	-42,654	39,764	205	34,376	2,685	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-588	-6,469	7,057	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-47,124	-59,902	-44,618	-44,466	132,616	-40,309	-40,310	98,815	112,252	45,298	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-44,790	44,790	0	0
share issue	0	-244,551	0	0	-2,186,892	0	0	0	0	460,708	0	0	0	0	100
interest	0	166	338	-4,965	-7,633	-7,314	-4,164	-7,597	-7,064	-10,401	-5,108	-6,268	925	1	0
cash flow from financing	0	-244,385	-46,786	-64,867	-2,239,143	-52,368	121,983	-83,503	-7,610	435,662	27,855	110,590	45,715	1	100
cash and cash equivalents
cash	-842,702	-2,150,974	2,210	2,426,985	753,880	-496,521	311,319	-1,119,907	604,825	-588,929	-972,055	920,684	369,306	300	0
overdraft	-143,942	143,942	0	0	-20,623	11,555	1,423	7,645	0	0	0	0	0	0	0
change in cash	-698,760	-2,294,916	2,210	2,426,985	774,503	-508,076	309,896	-1,127,552	604,825	-588,929	-972,055	920,684	369,306	300	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE SKILLS NETWORK LIMITED group structure

The Skills Network Limited has no subsidiary companies.

Ultimate parent company

THE SKILLS NETWORK LIMITED

06445363

THE SKILLS NETWORK LIMITED Shareholders

eliot coulson grant	25%
michael raymond cox	25%
jacqueline cox	25%
nicola grant	25%

The Skills Network Limited currently has 3 directors. The longest serving directors include Mr Eliot Grant (Feb 2009) and Mrs Jacqueline Cox (Apr 2013).

officer	country	age	start	end	role
Mr Eliot Grant	United Kingdom	55 years	Feb 2009	-	Director
Mrs Jacqueline Cox	England	61 years	Apr 2013	-	Director
Mrs Nicola Grant	United Kingdom	51 years	Apr 2013	-	Director

P&L

July 2023

turnover

20m

+7%

operating profit

-1.9m

+159%

gross margin

83.5%

+5.66%

turnover

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

Balance Sheet

July 2023

net assets

24.3k

-0.99%

total assets

4.9m

-0.43%

cash

190.5k

-0.82%

net assets

Total assets minus all liabilities

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company number

06445363

Type

Private limited with Share Capital

industry

85600 - Educational support activities

incorporation date

December 2007

ultimate parent company

None

previous names

sporting options limited (February 2009)

address

unit 16 abbey court, benedict drive, selby, north yorkshire, YO8 8RY

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 3 charges/mortgages relating to the skills network limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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the skills network limited Company Information

the skills network limited Estimated Valuation

the skills network limited Estimated Valuation

the skills network limited Estimated Valuation

The Skills Network Limited Overview

The Skills Network Limited Health Check

THE SKILLS NETWORK LIMITED financials

the skills network limited Credit Report and Business Information

The Skills Network Limited Competitor Analysis

the skills network limited Ownership

the skills network limited directors

the skills network limited company details

the skills network limited Charges & Mortgages

the skills network limited Capital Raised & Share Issues BETA

the skills network limited Companies House Filings - See Documents