workers-direct ltd
workers-direct ltd Company Information
Group Structure
View All
Industry
Other human resources provision
Registered Address
sir robert peel house, 344-348 high road, ilford, IG1 1QP
Website
http://workers-direct.comworkers-direct ltd Estimated Valuation
Pomanda estimates the enterprise value of WORKERS-DIRECT LTD at £345.4k based on a Turnover of £1.8m and 0.19x industry multiple (adjusted for size and gross margin).
workers-direct ltd Estimated Valuation
Pomanda estimates the enterprise value of WORKERS-DIRECT LTD at £231.1k based on an EBITDA of £68.5k and a 3.37x industry multiple (adjusted for size and gross margin).
workers-direct ltd Estimated Valuation
Pomanda estimates the enterprise value of WORKERS-DIRECT LTD at £78k based on Net Assets of £60.2k and 1.3x industry multiple (adjusted for liquidity).
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Workers-direct Ltd Overview
Workers-direct Ltd is a live company located in ilford, IG1 1QP with a Companies House number of 07681353. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in June 2011, it's largest shareholder is muhammad kashif with a 100% stake. Workers-direct Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.
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Workers-direct Ltd Health Check
Pomanda's financial health check has awarded Workers-Direct Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
2 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£5.6m)
- Workers-direct Ltd
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (5.9%)
- Workers-direct Ltd
5.9% - Industry AVG
Production
with a gross margin of 22.4%, this company has a comparable cost of product (22.4%)
- Workers-direct Ltd
22.4% - Industry AVG
Profitability
an operating margin of 3.4% make it as profitable than the average company (3.5%)
- Workers-direct Ltd
3.5% - Industry AVG
Employees
with 19 employees, this is below the industry average (45)
19 - Workers-direct Ltd
45 - Industry AVG
Pay Structure
on an average salary of £52.5k, the company has an equivalent pay structure (£52.5k)
- Workers-direct Ltd
£52.5k - Industry AVG
Efficiency
resulting in sales per employee of £93.7k, this is equally as efficient (£93.7k)
- Workers-direct Ltd
£93.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Workers-direct Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Workers-direct Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Workers-direct Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 332 weeks, this is more cash available to meet short term requirements (12 weeks)
332 weeks - Workers-direct Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.5%, this is a similar level of debt than the average (78.1%)
78.5% - Workers-direct Ltd
78.1% - Industry AVG
WORKERS-DIRECT LTD financials
Workers-Direct Ltd's latest turnover from July 2023 is estimated at £1.8 million and the company has net assets of £60.2 thousand. According to their latest financial statements, Workers-Direct Ltd has 19 employees and maintains cash reserves of £244.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 19 | 15 | 13 | 5 | 37 | 63 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 35,038 | 43,797 | 38,477 | 1,528 | 1,911 | 2,389 | 2,913 | 2,422 | 2,422 | 640 | 640 | 640 | |
| Intangible Assets | 640 | ||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 35,038 | 43,797 | 38,477 | 1,528 | 1,911 | 2,389 | 2,913 | 2,422 | 2,422 | 640 | 640 | 640 | 640 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 54,249 | ||||||||||||
| Group Debtors | |||||||||||||
| Misc Debtors | 12,499 | 14,190 | 1,501 | ||||||||||
| Cash | 244,283 | 180,428 | 111,517 | 75,374 | 29,858 | 39,202 | 22,907 | 10,602 | 10,350 | 13,327 | 2,926 | 6,597 | 3,874 |
| misc current assets | 10,486 | ||||||||||||
| total current assets | 244,283 | 180,428 | 188,751 | 89,564 | 31,359 | 39,202 | 22,907 | 10,602 | 10,350 | 13,327 | 2,926 | 6,597 | 3,874 |
| total assets | 279,321 | 224,225 | 227,228 | 91,092 | 33,270 | 41,591 | 25,820 | 13,024 | 12,772 | 13,967 | 3,566 | 7,237 | 4,514 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 2,964 | 2,705 | 3,519 | 803 | |||||||||
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 38,227 | 167,572 | 123,249 | 39,325 | 32,236 | 39,206 | 25,609 | 12,925 | 10,211 | ||||
| total current liabilities | 38,227 | 167,572 | 123,249 | 39,325 | 32,236 | 39,206 | 25,609 | 12,925 | 10,211 | 2,964 | 2,705 | 3,519 | 803 |
| loans | 19,181 | 46,537 | 50,000 | 50,000 | |||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 161,720 | 10,284 | 3,570 | 3,640 | |||||||||
| provisions | |||||||||||||
| total long term liabilities | 180,901 | 46,537 | 50,000 | 50,000 | 10,284 | 3,570 | 3,640 | ||||||
| total liabilities | 219,128 | 214,109 | 173,249 | 89,325 | 32,236 | 39,206 | 25,609 | 12,925 | 10,211 | 13,248 | 2,705 | 7,089 | 4,443 |
| net assets | 60,193 | 10,116 | 53,979 | 1,767 | 1,034 | 2,385 | 211 | 99 | 2,561 | 719 | 861 | 148 | 71 |
| total shareholders funds | 60,193 | 10,116 | 53,979 | 1,767 | 1,034 | 2,385 | 211 | 99 | 2,561 | 719 | 861 | 148 | 71 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 8,759 | 10,950 | 9,620 | 383 | 478 | 524 | 709 | 160 | |||||
| Amortisation | |||||||||||||
| Tax | |||||||||||||
| Stock | |||||||||||||
| Debtors | -66,748 | 52,558 | 14,190 | 1,501 | |||||||||
| Creditors | -2,964 | 259 | -814 | 2,716 | 803 | ||||||||
| Accruals and Deferred Income | -129,345 | 44,323 | 83,924 | 119 | -6,970 | 13,597 | 12,684 | 2,714 | 10,211 | ||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | -27,356 | -3,463 | 50,000 | ||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | 161,720 | -10,284 | 10,284 | -3,570 | -70 | 3,640 | |||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 63,855 | 68,911 | 36,143 | 36,172 | -9,344 | 16,295 | 12,305 | 252 | -2,977 | 10,401 | -3,671 | 2,723 | 3,874 |
| overdraft | |||||||||||||
| change in cash | 63,855 | 68,911 | 36,143 | 36,172 | -9,344 | 16,295 | 12,305 | 252 | -2,977 | 10,401 | -3,671 | 2,723 | 3,874 |
workers-direct ltd Credit Report and Business Information
Workers-direct Ltd Competitor Analysis
Perform a competitor analysis for workers-direct ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in IG1 area or any other competitors across 12 key performance metrics.
workers-direct ltd Ownership
WORKERS-DIRECT LTD group structure
Workers-Direct Ltd has no subsidiary companies.
Ultimate parent company
WORKERS-DIRECT LTD
07681353
workers-direct ltd directors
Workers-Direct Ltd currently has 1 director, Mr Muhammad Kashif serving since Dec 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Muhammad Kashif | England | 45 years | Dec 2021 | - | Director |
P&L
July 2023turnover
1.8m
+21%
operating profit
59.8k
0%
gross margin
22.4%
+11.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
60.2k
+4.95%
total assets
279.3k
+0.25%
cash
244.3k
+0.35%
net assets
Total assets minus all liabilities
workers-direct ltd company details
company number
07681353
Type
Private limited with Share Capital
industry
78300 - Other human resources provision
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
SKILLEX LTD
auditor
-
address
sir robert peel house, 344-348 high road, ilford, IG1 1QP
Bank
-
Legal Advisor
-
workers-direct 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 did not find charges/mortgages relating to workers-direct ltd.
workers-direct ltd 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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workers-direct ltd Companies House Filings - See Documents
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