ersg ltd
ersg ltd Company Information
Company Number
06605364
Website
https://www.ersg-global.comRegistered Address
8th floor, north tower, 26, elmfield road, bromley, BR1 1WA
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
02083152600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ersg holdings limited 100%
ersg ltd Estimated Valuation
Pomanda estimates the enterprise value of ERSG LTD at £28m based on a Turnover of £99.7m and 0.28x industry multiple (adjusted for size and gross margin).
ersg ltd Estimated Valuation
Pomanda estimates the enterprise value of ERSG LTD at £159.5k based on an EBITDA of £34k and a 4.69x industry multiple (adjusted for size and gross margin).
ersg ltd Estimated Valuation
Pomanda estimates the enterprise value of ERSG LTD at £0 based on Net Assets of £-299k and 0.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ersg Ltd Overview
Ersg Ltd is a live company located in bromley, BR1 1WA with a Companies House number of 06605364. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in May 2008, it's largest shareholder is ersg holdings limited with a 100% stake. Ersg Ltd is a established, large sized company, Pomanda has estimated its turnover at £99.7m with healthy growth in recent years.
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Ersg Ltd Health Check
Pomanda's financial health check has awarded Ersg Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £99.7m, make it larger than the average company (£7.9m)
£99.7m - Ersg Ltd
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.3%)
7% - Ersg Ltd
3.3% - Industry AVG
Production
with a gross margin of 11.3%, this company has a higher cost of product (26.8%)
11.3% - Ersg Ltd
26.8% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (4.9%)
-0.2% - Ersg Ltd
4.9% - Industry AVG
Employees
with 136 employees, this is above the industry average (35)
136 - Ersg Ltd
35 - Industry AVG
Pay Structure
on an average salary of £70.3k, the company has a higher pay structure (£52.8k)
£70.3k - Ersg Ltd
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £733.3k, this is more efficient (£201k)
£733.3k - Ersg Ltd
£201k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (50 days)
85 days - Ersg Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is slower than average (10 days)
17 days - Ersg Ltd
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ersg Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Ersg Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.8%, this is a higher level of debt than the average (68.3%)
100.8% - Ersg Ltd
68.3% - Industry AVG
ERSG LTD financials
Ersg Ltd's latest turnover from December 2022 is £99.7 million and the company has net assets of -£299 thousand. According to their latest financial statements, Ersg Ltd has 136 employees and maintains cash reserves of £105 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 99,722,000 | 71,973,000 | 58,522,000 | 82,203,000 | 66,614,000 | 55,443,000 | 40,090,000 | 25,690,000 | 21,235,237 | 16,223,001 | 4,329,999 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 88,457,000 | 64,411,000 | 51,600,000 | 71,956,000 | 58,888,000 | 49,849,000 | 36,009,000 | 22,788,000 | 18,121,856 | 13,925,404 | 3,781,292 | |||
| Gross Profit | 11,265,000 | 7,562,000 | 6,922,000 | 10,247,000 | 7,726,000 | 5,594,000 | 4,081,000 | 2,902,000 | 3,113,381 | 2,297,597 | 548,707 | |||
| Admin Expenses | 11,443,000 | 8,524,000 | 5,981,000 | 8,955,000 | 4,999,000 | 3,955,000 | 3,434,000 | 2,911,000 | 2,323,243 | 1,508,597 | 572,890 | |||
| Operating Profit | -178,000 | -962,000 | 941,000 | 1,292,000 | 2,727,000 | 1,639,000 | 647,000 | -9,000 | 790,138 | 789,000 | -24,183 | |||
| Interest Payable | 967,000 | 501,000 | 180,000 | 284,000 | 215,000 | 171,000 | 164,000 | 78,000 | 71,425 | 10,861 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | -1,145,000 | -1,463,000 | 761,000 | 1,008,000 | 2,512,000 | 1,468,000 | 483,000 | -87,000 | 718,713 | 778,139 | -24,183 | |||
| Tax | 0 | -325,000 | -9,000 | -107,000 | -427,000 | -232,000 | -97,000 | 20,000 | -154,869 | -151,298 | 0 | |||
| Profit After Tax | -1,145,000 | -1,788,000 | 752,000 | 901,000 | 2,085,000 | 1,236,000 | 386,000 | -67,000 | 563,844 | 626,841 | -24,183 | |||
| Dividends Paid | 0 | 922,000 | 514,000 | 1,068,000 | 572,000 | 312,000 | 180,000 | 250,000 | 145,000 | 70,000 | 0 | |||
| Retained Profit | -1,145,000 | -2,710,000 | 238,000 | -167,000 | 1,513,000 | 924,000 | 206,000 | -317,000 | 418,844 | 556,841 | -24,183 | |||
| Employee Costs | 9,566,000 | 6,471,000 | 4,578,000 | 6,430,000 | 3,605,000 | 2,840,000 | 2,224,000 | 2,112,000 | 1,615,644 | 1,058,731 | ||||
| Number Of Employees | 136 | 81 | 74 | 72 | 53 | 48 | 43 | 47 | 36 | 24 | ||||
| EBITDA* | 34,000 | -891,000 | 987,000 | 1,350,000 | 2,755,000 | 1,663,000 | 680,000 | 23,000 | 816,822 | 803,472 | -23,833 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 736,000 | 705,000 | 117,000 | 95,000 | 87,000 | 61,000 | 52,000 | 68,000 | 45,891 | 38,119 | 1,399 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 53,000 | 53,000 | 53,000 | 19,000 | 19,000 | 19,000 | 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 | 789,000 | 758,000 | 170,000 | 114,000 | 106,000 | 80,000 | 52,000 | 68,000 | 45,891 | 38,119 | 1,399 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,466,000 | 15,619,000 | 9,272,000 | 7,908,000 | 19,306,000 | 15,351,000 | 8,367,000 | 4,282,000 | 5,017,512 | 3,825,234 | 1,442,702 | 334,766 | 168,891 | 68,464 |
| Group Debtors | 7,372,000 | 7,347,000 | 2,672,000 | 1,972,000 | 0 | 913,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 8,187,000 | 6,825,000 | 4,929,000 | 4,203,000 | 2,429,000 | 153,000 | 5,132,000 | 1,481,000 | 113,344 | 25,225 | 0 | 0 | 0 | 0 |
| Cash | 105,000 | 679,000 | 276,000 | 57,000 | 201,000 | 223,000 | 63,000 | 26,000 | 103,314 | 257,055 | 76,705 | 29,626 | 58,868 | 7,109 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,130,000 | 30,470,000 | 17,149,000 | 14,140,000 | 21,936,000 | 16,640,000 | 13,562,000 | 5,789,000 | 5,234,170 | 4,107,514 | 1,519,407 | 364,392 | 227,759 | 75,573 |
| total assets | 39,919,000 | 31,228,000 | 17,319,000 | 14,254,000 | 22,042,000 | 16,720,000 | 13,614,000 | 5,857,000 | 5,280,061 | 4,145,633 | 1,520,806 | 364,392 | 227,759 | 75,573 |
| Bank overdraft | 397,000 | 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 |
| Trade Creditors | 4,357,000 | 1,265,000 | 201,000 | 267,000 | 692,000 | 324,000 | 205,000 | 429,000 | 1,444,056 | 1,347,230 | 477,098 | 259,777 | 130,206 | 27,860 |
| Group/Directors Accounts | 1,607,000 | 2,706,000 | 1,187,000 | 56,000 | 0 | 23,000 | 100,000 | 0 | 25,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 500,000 | 0 | 7,722,000 | 6,465,000 | 12,126,000 | 9,101,000 | 7,641,000 | 3,086,000 | 0 | 150,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 88,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,893 | 0 | 0 | 0 | 0 |
| other current liabilities | 32,342,000 | 24,776,000 | 4,628,000 | 4,132,000 | 5,725,000 | 5,291,000 | 4,784,000 | 1,637,000 | 2,790,989 | 2,040,784 | 858,276 | 0 | 0 | 0 |
| total current liabilities | 39,291,000 | 28,747,000 | 13,738,000 | 10,920,000 | 18,543,000 | 14,739,000 | 12,730,000 | 5,152,000 | 4,260,045 | 3,548,907 | 1,335,374 | 259,777 | 130,206 | 27,860 |
| loans | 458,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 293,000 | 459,000 | 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 | 45,000 | 50,000 | 5,000 |
| provisions | 176,000 | 176,000 | 25,000 | 16,000 | 14,000 | 9,000 | 7,000 | 11,000 | 8,899 | 4,453 | 0 | 0 | 0 | 0 |
| total long term liabilities | 927,000 | 1,635,000 | 25,000 | 16,000 | 14,000 | 9,000 | 7,000 | 11,000 | 8,899 | 4,453 | 0 | 45,000 | 50,000 | 5,000 |
| total liabilities | 40,218,000 | 30,382,000 | 13,763,000 | 10,936,000 | 18,557,000 | 14,748,000 | 12,737,000 | 5,163,000 | 4,268,944 | 3,553,360 | 1,335,374 | 304,777 | 180,206 | 32,860 |
| net assets | -299,000 | 846,000 | 3,556,000 | 3,318,000 | 3,485,000 | 1,972,000 | 877,000 | 694,000 | 1,011,117 | 592,273 | 185,432 | 59,615 | 47,553 | 42,713 |
| total shareholders funds | -299,000 | 846,000 | 3,556,000 | 3,318,000 | 3,485,000 | 1,972,000 | 877,000 | 694,000 | 1,011,117 | 592,273 | 185,432 | 59,615 | 47,553 | 42,713 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -178,000 | -962,000 | 941,000 | 1,292,000 | 2,727,000 | 1,639,000 | 647,000 | -9,000 | 790,138 | 789,000 | -24,183 | |||
| Depreciation | 212,000 | 71,000 | 46,000 | 58,000 | 28,000 | 24,000 | 33,000 | 32,000 | 26,684 | 14,472 | 350 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -325,000 | -9,000 | -107,000 | -427,000 | -232,000 | -97,000 | 20,000 | -154,869 | -151,298 | 0 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 9,234,000 | 12,918,000 | 2,790,000 | -7,652,000 | 5,318,000 | 2,918,000 | 7,736,000 | 632,144 | 1,280,397 | 2,407,757 | 1,107,936 | 165,875 | 100,427 | 68,464 |
| Creditors | 3,092,000 | 1,064,000 | -66,000 | -425,000 | 368,000 | 119,000 | -224,000 | -1,015,056 | 96,826 | 870,132 | 217,321 | 129,571 | 102,346 | 27,860 |
| Accruals and Deferred Income | 7,566,000 | 20,148,000 | 496,000 | -1,593,000 | 434,000 | 507,000 | 3,147,000 | -1,153,989 | 750,205 | 1,182,508 | 858,276 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 151,000 | 9,000 | 2,000 | 5,000 | 2,000 | -4,000 | 2,101 | 4,446 | 4,453 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,458,000 | 7,229,000 | -1,373,000 | 6,879,000 | -2,183,000 | -859,000 | -4,234,000 | -2,756,088 | 233,033 | 301,510 | -56,172 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | -17,000 | -54,000 | -37,178 | -33,994 | ||||||||||
| Change in Investments | 0 | 0 | 34,000 | 0 | 0 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -17,000 | -54,000 | -37,178 | -33,994 | ||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,099,000 | 1,519,000 | 1,131,000 | 56,000 | -23,000 | -77,000 | 100,000 | -25,000 | 25,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 500,000 | -7,722,000 | 1,257,000 | -5,661,000 | 3,025,000 | 1,460,000 | 4,555,000 | 3,086,000 | -150,000 | 150,000 | 0 | 0 | 0 | 0 |
| Long term loans | -542,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -78,000 | 459,000 | 0 | 0 | 0 | 0 | 0 | 0 | -10,893 | 10,893 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45,000 | -5,000 | 45,000 | 5,000 |
| share issue | ||||||||||||||
| interest | -967,000 | -501,000 | -180,000 | -284,000 | -215,000 | -171,000 | -164,000 | -78,000 | -71,425 | -10,861 | 0 | |||
| cash flow from financing | -2,186,000 | -5,245,000 | 2,208,000 | -5,889,000 | 2,787,000 | 1,383,000 | 4,468,000 | 2,982,883 | -207,318 | 32 | 105,000 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -574,000 | 403,000 | 219,000 | -144,000 | -22,000 | 160,000 | 37,000 | -77,314 | -153,741 | 180,350 | 47,079 | -29,242 | 51,759 | 7,109 |
| overdraft | 397,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -971,000 | 403,000 | 219,000 | -144,000 | -22,000 | 160,000 | 37,000 | -77,314 | -153,741 | 180,350 | 47,079 | -29,242 | 51,759 | 7,109 |
ersg ltd Credit Report and Business Information
Ersg Ltd Competitor Analysis
Perform a competitor analysis for ersg ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in BR1 area or any other competitors across 12 key performance metrics.
ersg ltd Ownership
ERSG LTD group structure
Ersg Ltd has 3 subsidiary companies.
Ultimate parent company
1 parent
ERSG LTD
06605364
3 subsidiaries
ersg ltd directors
Ersg Ltd currently has 3 directors. The longest serving directors include Mr Peter Flaherty (Sep 2008) and Mr Michael Ryan (Feb 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Flaherty | England | 73 years | Sep 2008 | - | Director |
| Mr Michael Ryan | United Kingdom | 56 years | Feb 2009 | - | Director |
| Mr Lucien Sullivan | United Kingdom | 51 years | Nov 2015 | - | Director |
P&L
December 2022turnover
99.7m
+39%
operating profit
-178k
-81%
gross margin
11.3%
+7.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-299k
-1.35%
total assets
39.9m
+0.28%
cash
105k
-0.85%
net assets
Total assets minus all liabilities
ersg ltd company details
company number
06605364
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
May 2008
age
16
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
the environmental recruitment solutions group limited (September 2013)
last accounts submitted
December 2022
address
8th floor, north tower, 26, elmfield road, bromley, BR1 1WA
accountant
-
auditor
SAFFERY LLP
ersg ltd 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 5 charges/mortgages relating to ersg ltd. Currently there are 2 open charges and 3 have been satisfied in the past.
ersg ltd Companies House Filings - See Documents
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