solid people limited

solid people limited Company Information

Share SOLID PEOPLE LIMITED
Live 
EstablishedMicroDeclining

Company Number

06941195

Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

 

Directors

Simon Turner

Paul Byerley

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Shareholders

solid solutions management limited

Group Structure

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Contact

Registered Address

building 500 abbey park, stareton, kenilworth, CV8 2LY

solid people limited Estimated Valuation

£59.3k

Pomanda estimates the enterprise value of SOLID PEOPLE LIMITED at £59.3k based on a Turnover of £318.8k and 0.19x industry multiple (adjusted for size and gross margin).

solid people limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SOLID PEOPLE LIMITED at £0 based on an EBITDA of £-116.9k and a 3.33x industry multiple (adjusted for size and gross margin).

solid people limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SOLID PEOPLE LIMITED at £0 based on Net Assets of £-61.8k and 1.64x industry multiple (adjusted for liquidity).

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Solid People Limited Overview

Solid People Limited is a live company located in kenilworth, CV8 2LY with a Companies House number of 06941195. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in June 2009, it's largest shareholder is solid solutions management limited with a 100% stake. Solid People Limited is a established, micro sized company, Pomanda has estimated its turnover at £318.8k with declining growth in recent years.

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Solid People Limited Health Check

Pomanda's financial health check has awarded Solid People Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £318.8k, make it smaller than the average company (£10.4m)

£318.8k - Solid People Limited

£10.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (6.2%)

-9% - Solid People Limited

6.2% - Industry AVG

production

Production

with a gross margin of 33.2%, this company has a lower cost of product (24.5%)

33.2% - Solid People Limited

24.5% - Industry AVG

profitability

Profitability

an operating margin of -37.7% make it less profitable than the average company (3.9%)

-37.7% - Solid People Limited

3.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (43)

3 - Solid People Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.7k, the company has an equivalent pay structure (£56.7k)

£56.7k - Solid People Limited

£56.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £106.3k, this is less efficient (£189.4k)

£106.3k - Solid People Limited

£189.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is near the average (45 days)

36 days - Solid People Limited

45 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Solid People Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Solid People Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (10 weeks)

7 weeks - Solid People Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 170.5%, this is a higher level of debt than the average (66.8%)

170.5% - Solid People Limited

66.8% - Industry AVG

SOLID PEOPLE LIMITED financials

EXPORTms excel logo

Solid People Limited's latest turnover from December 2023 is £318.8 thousand and the company has net assets of -£61.8 thousand. According to their latest financial statements, Solid People Limited has 3 employees and maintains cash reserves of £21 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover318,779397,184291,364103,495416,234261,924381,456512,593451,265632,047482,621208,263259,934117,60341,459
Other Income Or Grants000000000000000
Cost Of Sales213,076247,862123,85490,562360,245228,125332,607441,492387,417539,433412,566175,474216,17496,34233,940
Gross Profit105,703149,322167,51012,93355,98933,79948,84971,10263,84892,61470,05532,79043,75921,2607,519
Admin Expenses225,877100,250158,34696,54861,01336,79057,95752,46836,44423,29121,22833,42926,4242,55611,182
Operating Profit-120,17449,0729,164-83,615-5,024-2,991-9,10818,63427,40469,32348,827-63917,33518,704-3,663
Interest Payable020000000000000
Interest Receivable000861098235122565033711497452262
Pre-Tax Profit-120,17449,0709,164-83,529-4,915-2,168-8,59618,89027,90669,69448,977-56517,38618,731-3,661
Tax14,363-9,7119,1540000-3,778-5,581-14,636-11,2650-4,520-5,2450
Profit After Tax-105,81139,35918,318-83,529-4,915-2,168-8,59615,11222,32555,05837,712-56512,86613,486-3,661
Dividends Paid013,85253,076000000000000
Retained Profit-105,81125,507-34,758-83,529-4,915-2,168-8,59615,11222,32555,05837,712-56512,86613,486-3,661
Employee Costs170,079159,172133,988119,941166,406169,45040,40078,69977,94675,91573,56635,45835,25333,75635,622
Number Of Employees333344122221111
EBITDA*-116,90451,52411,969-82,330-3,562-1,636-7,81219,86728,46969,61248,827-63917,33518,704-3,663

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets5,8068,82710,9645,4113,2952,5382,5743,8704,8104,33400000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets5,8068,82710,9645,4113,2952,5382,5743,8704,8104,33400000
Stock & work in progress000000000000000
Trade Debtors32,03037,75922,70613,404111,85363,51897,094126,48999,361102,49487,54134,44846,34420,2135,505
Group Debtors000000000000000
Misc Debtors28,95601,05801010000000000
Cash20,95134,3217,59479,06192,856125,74393,795111,00493,790107,32641,01918,75110,7909,866613
misc current assets000000000000000
total current assets81,93772,08031,35892,465204,810189,261190,889237,493193,151209,820128,56053,19957,13430,0796,118
total assets87,74380,90742,32297,876208,105191,799193,463241,363197,961214,154128,56053,19957,13430,0796,118
Bank overdraft000000022000000
Bank loan000000000000000
Trade Creditors 011,15411,27212,33714,75217,31914,37921,54431,63699,25768,72131,07234,44220,2539,778
Group/Directors Accounts106,59800000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities41,76024,10012,58132,31256,59732,91035,34667,48329,101000000
total current liabilities148,35835,25423,85344,64971,34950,22949,72589,02960,73999,25768,72131,07234,44220,2539,778
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions1,2201,6770000000000000
total long term liabilities1,2201,6770000000000000
total liabilities149,57836,93123,85344,64971,34950,22949,72589,02960,73999,25768,72131,07234,44220,2539,778
net assets-61,83543,97618,46953,227136,756141,570143,738152,334137,222114,89759,83922,12722,6929,826-3,660
total shareholders funds-61,83543,97618,46953,227136,756141,570143,738152,334137,222114,89759,83922,12722,6929,826-3,660
Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-120,17449,0729,164-83,615-5,024-2,991-9,10818,63427,40469,32348,827-63917,33518,704-3,663
Depreciation3,2702,4522,8051,2851,4621,3551,2961,2331,06528900000
Amortisation000000000000000
Tax14,363-9,7119,1540000-3,778-5,581-14,636-11,2650-4,520-5,2450
Stock000000000000000
Debtors23,22724,35510,360-98,55048,436-33,576-29,39527,128-3,13314,95353,093-11,89626,13114,7085,505
Creditors-11,154-1,183-1,065-2,415-2,5672,940-7,165-10,092-67,62130,53637,649-3,37014,18910,4759,778
Accruals and Deferred Income17,660-8,212-19,731-24,28523,687-2,436-32,13738,38229,101000000
Deferred Taxes & Provisions-4571,6770000000000000
Cash flow from operations-119,7199,740-10,033-10,480-30,87832,444-17,71917,251-12,49970,55922,1187,8878739,226610
Investing Activities
capital expenditure-249-5,868-8,358-3,401-2,219-1,3190-293-1,541-4,62300000
Change in Investments000000000000000
cash flow from investments-249-5,868-8,358-3,401-2,219-1,3190-293-1,541-4,62300000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts106,59800000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0-34,758001010000000001
interest0-20861098235122565033711497452262
cash flow from financing106,598-34,7600862108235122565033711497452263
cash and cash equivalents
cash-13,370-44,740-71,467-13,795-32,88731,948-17,20917,214-13,53666,30722,2687,9619249,253613
overdraft000000-202000000
change in cash-13,370-44,740-71,467-13,795-32,88731,948-17,20717,214-13,53866,30722,2687,9619249,253613

solid people 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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Solid People Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for solid people limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in CV8 area or any other competitors across 12 key performance metrics.

solid people limited Ownership

SOLID PEOPLE LIMITED group structure

Solid People Limited has no subsidiary companies.

Ultimate parent company

TRIMECH ACQUISITION CORP

#0141849

2 parents

SOLID PEOPLE LIMITED

06941195

SOLID PEOPLE LIMITED Shareholders

solid solutions management limited 100%

solid people limited directors

Solid People Limited currently has 4 directors. The longest serving directors include Mr Simon Turner (Jan 2023) and Mr Paul Byerley (Jan 2023).

officercountryagestartendrole
Mr Simon TurnerEngland55 years Jan 2023- Director
Mr Paul ByerleyEngland43 years Jan 2023- Director
Mr Jeremy HinesEngland59 years Jan 2023- Director
Mr Alan SampsonEngland64 years Jan 2023- Director

P&L

December 2023

turnover

318.8k

-20%

operating profit

-120.2k

-345%

gross margin

33.2%

-11.8%

turnover

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

Balance Sheet

December 2023

net assets

-61.8k

-2.41%

total assets

87.7k

+0.08%

cash

21k

-0.39%

net assets

Total assets minus all liabilities

solid people limited company details

company number

06941195

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

June 2009

age

15

incorporated

UK

ultimate parent company

TRIMECH ACQUISITION CORP

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

building 500 abbey park, stareton, kenilworth, CV8 2LY

Bank

-

Legal Advisor

-

solid people 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 1 charges/mortgages relating to solid people limited. Currently there are 0 open charges and 1 have been satisfied in the past.

charges

solid people limited Companies House Filings - See Documents

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