venrec group limited

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venrec group limited Company Information

Share VENREC GROUP LIMITED

Company Number

07158262

Shareholders

robert andrew coleman

stephanie joanne coleman

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Group Structure

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Industry

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

 

Registered Address

4 kings row armstrong road, maidstone, kent, ME15 6AQ

venrec group limited Estimated Valuation

£39.6k

Pomanda estimates the enterprise value of VENREC GROUP LIMITED at £39.6k based on a Turnover of £255.2k and 0.16x industry multiple (adjusted for size and gross margin).

venrec group limited Estimated Valuation

£24.2k

Pomanda estimates the enterprise value of VENREC GROUP LIMITED at £24.2k based on an EBITDA of £8.8k and a 2.75x industry multiple (adjusted for size and gross margin).

venrec group limited Estimated Valuation

£21.5k

Pomanda estimates the enterprise value of VENREC GROUP LIMITED at £21.5k based on Net Assets of £16.8k and 1.28x industry multiple (adjusted for liquidity).

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Venrec Group Limited Overview

Venrec Group Limited is a live company located in kent, ME15 6AQ with a Companies House number of 07158262. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in February 2010, it's largest shareholder is robert andrew coleman with a 40% stake. Venrec Group Limited is a established, micro sized company, Pomanda has estimated its turnover at £255.2k with rapid growth in recent years.

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Venrec Group Limited Health Check

Pomanda's financial health check has awarded Venrec Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

1 Strong

positive_score

6 Regular

positive_score

4 Weak

size

Size

annual sales of £255.2k, make it smaller than the average company (£7.1m)

£255.2k - Venrec Group Limited

£7.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (8.4%)

41% - Venrec Group Limited

8.4% - Industry AVG

production

Production

with a gross margin of 22.8%, this company has a comparable cost of product (22.8%)

22.8% - Venrec Group Limited

22.8% - Industry AVG

profitability

Profitability

an operating margin of 3.4% make it as profitable than the average company (3%)

3.4% - Venrec Group Limited

3% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (41)

4 - Venrec Group Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)

£50.4k - Venrec Group Limited

£50.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £63.8k, this is less efficient (£143.3k)

£63.8k - Venrec Group Limited

£143.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 37 days, this is near the average (41 days)

37 days - Venrec Group Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (8 days)

0 days - Venrec Group Limited

8 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Venrec Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (12 weeks)

12 weeks - Venrec Group Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.4%, this is a similar level of debt than the average (64.8%)

70.4% - Venrec Group Limited

64.8% - Industry AVG

VENREC GROUP LIMITED financials

EXPORTms excel logo

Venrec Group Limited's latest turnover from March 2024 is estimated at £255.2 thousand and the company has net assets of £16.8 thousand. According to their latest financial statements, Venrec Group Limited has 4 employees and maintains cash reserves of £6.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Oct 2018Jul 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011
Turnover255,216277,393267,14590,339112,742173,150187,700
Other Income Or Grants
Cost Of Sales197,135207,993199,52869,65286,904133,684143,337
Gross Profit58,08069,39967,61720,68725,83839,46644,363
Admin Expenses49,52175,23927,74316,42616,79039,47266,242
Operating Profit8,559-5,84039,8744,2619,048-6-21,879
Interest Payable1,9442,0371,5071,434717
Interest Receivable6207429441631
Pre-Tax Profit7,235-7,13438,4602,8328,332-21,876
Tax-1,809-7,307-538-1,583
Profit After Tax5,426-7,13431,1532,2946,749-21,876
Dividends Paid
Retained Profit5,426-7,13431,1532,2946,749-21,876
Employee Costs201,716144,861135,07640,14341,63142,45742,532
Number Of Employees4331111
EBITDA*8,787-5,59240,4975,2039,636348-21,879

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Oct 2018Jul 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011
Tangible Assets1,1627459931,3241,7661,254
Intangible Assets2927921,2921,292
Investments & Other1,0001,0001,090
Debtors (Due After 1 year)
Total Fixed Assets1,1627459931,6162,5583,5463,5461,090
Stock & work in progress
Trade Debtors26,41826,21541,0358,31011,614
Group Debtors20,00033,227
Misc Debtors2,9723505655,706
Cash6,30817,29317,6447,3811,018765765100100
misc current assets
total current assets55,69843,85891,90616,25612,6326,4716,471100100
total assets56,86044,60392,89917,87215,19010,01710,0171,190100
Bank overdraft2,5922,5922,5922,165
Bank loan
Trade Creditors 431801
Group/Directors Accounts1,20526,2052,7711,484
other short term finances
hp & lease commitments
other current liabilities23,63513,43926,2984,3345,23331,7931,0901,090
total current liabilities26,65817,23655,8969,2706,71731,79331,7931,090
loans13,39015,98118,57321,33523,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities13,39015,98118,57321,33523,500
total liabilities40,04833,21774,46930,60530,21731,79331,7931,090
net assets16,81211,38618,430-12,733-15,027-21,776-21,776100100
total shareholders funds16,81211,38618,430-12,733-15,027-21,776-21,776100100
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Oct 2018Jul 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011
Operating Activities
Operating Profit8,559-5,84039,8744,2619,048-6-21,879
Depreciation228248331442588146
Amortisation292500208
Tax-1,809-7,307-538-1,583
Stock
Debtors22,825-47,69765,387-2,7395,9085,706
Creditors431-801801
Accruals and Deferred Income10,196-12,85921,964-899-26,56030,7031,0901,090
Deferred Taxes & Provisions
Cash flow from operations-5,22028,445-9,4326,505-24,41525,345-20,7891,090
Investing Activities
capital expenditure-645-600-1,608-1,292
Change in Investments-1,0001,0001,090
cash flow from investments-645400-1,608-2,292-1,090
Financing Activities
Bank loans
Group/Directors Accounts-1,205-25,00023,4341,2871,484
Other Short Term Loans
Long term loans-2,591-2,592-2,762-2,16523,500
Hire Purchase and Lease Commitments
other long term liabilities
share issue9010100
interest-1,324-1,295-1,413-1,430-716631
cash flow from financing-5,120-28,79719,269-2,30824,268631100
cash and cash equivalents
cash-10,985-35110,2636,363253665100
overdraft4272,165
change in cash-10,985-3519,8364,198253665100

venrec group 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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Venrec Group Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for venrec group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in ME15 area or any other competitors across 12 key performance metrics.

venrec group limited Ownership

VENREC GROUP LIMITED group structure

Venrec Group Limited has 1 subsidiary company.

Ultimate parent company

VENREC GROUP LIMITED

07158262

1 subsidiary

VENREC GROUP LIMITED Shareholders

robert andrew coleman 40%
stephanie joanne coleman 40%
logikal group limited 20%

venrec group limited directors

Venrec Group Limited currently has 3 directors. The longest serving directors include Mrs Venetia Smith (Feb 2010) and Mrs Stephanie Coleman (Oct 2019).

officercountryagestartendrole
Mrs Venetia SmithEngland54 years Feb 2010- Director
Mrs Stephanie ColemanEngland29 years Oct 2019- Director
Mr Robert ColemanEngland29 years Feb 2025- Director

P&L

March 2024

turnover

255.2k

-8%

operating profit

8.6k

0%

gross margin

22.8%

-9.04%

turnover

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

Balance Sheet

March 2024

net assets

16.8k

+0.48%

total assets

56.9k

+0.27%

cash

6.3k

-0.64%

net assets

Total assets minus all liabilities

venrec group limited company details

company number

07158262

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

February 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

vertax franchising limited (July 2018)

accountant

MACKENZIES ACCOUNTANTS LIMITED

auditor

-

address

4 kings row armstrong road, maidstone, kent, ME15 6AQ

Bank

-

Legal Advisor

-

venrec group 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 did not find charges/mortgages relating to venrec group limited.

venrec group 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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venrec group limited Companies House Filings - See Documents

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