Euro Workspace Limited

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euro workspace limited Company Information

Company Number

07724692

Next Accounts

76 days late

Directors

Erik Batley

Adrian Cowley

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Shareholders

erik gavin batley

adrian cowley

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Group Structure

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Industry

Manufacture of office and shop furniture

Registered Address

the octagon suite e2, 2nd floor, middleborough, colchester, essex, CO1 1TG

Website

www.euroworkspace.co.uk

euro workspace limited Estimated Valuation

£8.1m

Pomanda estimates the enterprise value of EURO WORKSPACE LIMITED at £8.1m based on an EBITDA of £1.5m and a 5.52x industry multiple (adjusted for size and gross margin).

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Euro Workspace Limited is a live company located in colchester, CO1 1TG with a Companies House number of 07724692. It operates in the manufacture of office and shop furniture sector, SIC Code 31010. Founded in August 2011, it's largest shareholder is erik gavin batley with a 49.5% stake. Euro Workspace Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Euro Workspace Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

4 Regular

1 Weak

Size

annual sales of £13.6m, make it in line with the average company (£14.5m)

Growth

3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (0.5%)

EXPORT

Euro Workspace Limited's latest turnover from April 2023 is £13.6 million and the company has net assets of £3.8 million. According to their latest financial statements, Euro Workspace Limited has 62 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Aug 2012
Turnover	13,639,961	8,143,492	5,826,959	5,094,576	4,553,886	4,805,829	2,036,626	2,210,166	1,996,646	2,437,836	1,830,493	1,129,106
Other Income Or Grants
Cost Of Sales	7,749,207	5,587,279	4,180,072	3,420,494	3,053,571	3,184,474	1,343,520	1,441,689	1,357,468	1,678,605	1,261,724	784,481
Gross Profit	5,890,754	2,556,213	1,646,887	1,674,082	1,500,315	1,621,356	693,106	768,477	639,178	759,231	568,769	344,625
Admin Expenses	4,520,131	938,075	1,196,009	1,195,696	673,637	1,131,720	532,875	632,035	494,388	736,264	555,998	372,460
Operating Profit	1,370,623	1,618,138	450,878	478,386	826,678	489,636	160,231	136,442	144,790	22,967	12,771	-27,835
Interest Payable	55,813	3,255	1,525		17,341	24,858	19,557	12,179
Interest Receivable	15,708	15,721	1,059	347	922	160	68	115	166	172	11	4
Pre-Tax Profit	1,330,518	1,630,604	450,412	478,733	810,259	464,938	140,743	124,378	144,956	23,139	12,782	-27,831
Tax	-343,106	-309,815	-85,578	-90,959	-153,949	-88,338	-26,741	-24,875	-28,991	-4,859	-2,940
Profit After Tax	987,412	1,320,789	364,834	387,774	656,310	376,600	114,002	99,502	115,965	18,280	9,842	-27,831
Dividends Paid	603,141
Retained Profit	384,271	1,320,789	364,834	387,774	656,310	376,600	114,002	99,502	115,965	18,280	9,842	-27,831
Employee Costs	2,569,614	2,298,948	1,350,003	1,329,903	419,783	383,280	238,856	243,010	452,734	565,561	436,485	280,730
Number Of Employees	62	59	37	37	12	11	7	7	14	18	14	9
EBITDA*	1,466,448	1,682,364	508,079	533,745	843,929	502,419	164,733	137,348	145,590	23,814	13,337	-27,052

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Aug 2012
Tangible Assets	381,127	303,545	211,420	264,066	36,308	36,298	21,069	921	970	1,096	1,885	2,318
Intangible Assets	38,230
Investments & Other							815
Debtors (Due After 1 year)
Total Fixed Assets	419,357	303,545	211,420	264,066	36,308	36,298	21,884	921	970	1,096	1,885	2,318
Stock & work in progress	524,839	462,119	380,852	409,812	368,718	212,879	309,578	256,329	217,555	256,352	177,461	119,668
Trade Debtors	1,673,174	1,992,699	1,236,895	1,238,245	1,319,957	1,578,719	491,482	614,575	364,557	351,412	294,416	153,494
Group Debtors
Misc Debtors	2,356,748	958,173	790,926	587,040	459,139	944,763	261,813	195,598
Cash	2,729,216	2,578,318	1,613,968	504,302	190,503	55,334	8,686	46,070	72	66,320	2,642	1,568
misc current assets		1,065,808
total current assets	7,283,977	7,057,117	4,022,641	2,739,399	2,338,317	2,791,695	1,071,559	1,112,572	582,184	674,084	474,519	274,730
total assets	7,703,334	7,360,662	4,234,061	3,003,465	2,374,625	2,827,993	1,093,443	1,113,493	583,154	675,180	476,404	277,048
Bank overdraft						513,811	251,058	374,751
Bank loan
Trade Creditors	1,222,865	1,005,013	589,494	355,143	579,409	505,842	288,295	247,191	466,794	674,585	493,889	304,775
Group/Directors Accounts
other short term finances
hp & lease commitments	100,527
other current liabilities	2,268,385	2,667,891	1,308,176	654,258	423,268	1,086,253	209,576	275,689
total current liabilities	3,591,777	3,672,904	1,897,670	1,009,401	1,002,677	2,105,906	748,929	897,631	466,794	674,585	493,889	304,775
loans	36,461	46,451	50,000
hp & lease commitments	159,371
Accruals and Deferred Income
other liabilities		129,250	130,839	193,343	2,275	8,726	14,650
provisions	95,281	75,886	40,170	50,173	6,899	6,897				200	400
total long term liabilities	291,113	251,587	221,009	243,516	9,174	15,623	14,650			200	400
total liabilities	3,882,890	3,924,491	2,118,679	1,252,917	1,011,851	2,121,529	763,579	897,631	466,794	674,785	494,289	304,775
net assets	3,820,444	3,436,171	2,115,382	1,750,548	1,362,774	706,464	329,864	215,862	116,360	395	-17,885	-27,727
total shareholders funds	3,820,444	3,436,171	2,115,382	1,750,548	1,362,774	706,464	329,864	215,862	116,360	395	-17,885	-27,727

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Aug 2012
Operating Activities
Operating Profit	1,370,623	1,618,138	450,878	478,386	826,678	489,636	160,231	136,442	144,790	22,967	12,771	-27,835
Depreciation	92,349	64,226	57,201	55,359	17,251	12,783	4,502	906	800	847	566	783
Amortisation	3,476
Tax	-343,106	-309,815	-85,578	-90,959	-153,949	-88,338	-26,741	-24,875	-28,991	-4,859	-2,940
Stock	62,720	81,267	-28,960	41,094	155,839	-96,699	53,249	38,774	-38,797	78,891	57,793	119,668
Debtors	1,079,050	923,051	202,536	46,189	-744,386	1,770,187	-56,878	445,616	13,145	56,996	140,922	153,494
Creditors	217,852	415,519	234,351	-224,266	73,567	217,547	41,104	-219,603	-207,791	180,696	189,114	304,775
Accruals and Deferred Income	-399,506	1,359,715	653,918	230,990	-662,985	876,677	-66,113	275,689
Deferred Taxes & Provisions	19,395	35,716	-10,003	43,274	2	6,897			-200	-200	400
Cash flow from operations	-180,687	2,179,181	1,127,191	405,501	689,111	-158,286	116,612	-315,831	-65,740	63,564	1,196	4,561
Investing Activities
capital expenditure		-156,351	-4,555	-283,117	-17,261	-28,012	-24,650	-857	-674	-58	-133	-3,101
Change in Investments						-815	815
cash flow from investments		-156,351	-4,555	-283,117	-17,261	-27,197	-25,465	-857	-674	-58	-133	-3,101
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-9,990	-3,549	50,000
Hire Purchase and Lease Commitments	259,898
other long term liabilities	-129,250	-1,589	-62,504	191,068	-6,451	-5,924	14,650
share issue	2											104
interest	-40,105	12,466	-466	347	-16,419	-24,698	-19,489	-12,064	166	172	11	4
cash flow from financing	80,555	7,328	-12,970	191,415	-22,870	-30,622	-4,839	-12,064	166	172	11	108
cash and cash equivalents
cash	150,898	964,350	1,109,666	313,799	135,169	46,648	-37,384	45,998	-66,248	63,678	1,074	1,568
overdraft					-513,811	262,753	-123,693	374,751
change in cash	150,898	964,350	1,109,666	313,799	648,980	-216,105	86,309	-328,753	-66,248	63,678	1,074	1,568

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EURO WORKSPACE LIMITED group structure

Euro Workspace Limited has 3 subsidiary companies.

Ultimate parent company

EURO WORKSPACE LIMITED

07724692

3 subsidiaries

EURO WORKSPACE (NORTHERN) LIMITED

09911947

YOUR WORKSPACE LIMITED

11502123

BURG LOCKS LTD

11706894

EURO WORKSPACE LIMITED Shareholders

erik gavin batley	49.52%
adrian cowley	47.62%
giles jonathan batley	0.95%
ian narramore	0.95%
daniel jacob corney	0.95%

Euro Workspace Limited currently has 4 directors. The longest serving directors include Mr Erik Batley (Aug 2011) and Mr Adrian Cowley (Aug 2011).

officer	country	age	start	end	role
Mr Erik Batley	England	58 years	Aug 2011	-	Director
Mr Adrian Cowley	England	58 years	Aug 2011	-	Director
Mr Ian Narramore	England	50 years	Aug 2012	-	Director
Mrs Joanne Batley	England	57 years	Nov 2018	-	Director

P&L

April 2023

turnover

13.6m

operating profit

1.4m

gross margin

43.2%

turnover

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

Balance Sheet

April 2023

net assets

3.8m

+0.11%

total assets

7.7m

+0.05%

cash

2.7m

+0.06%

net assets

Total assets minus all liabilities

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company number

07724692

Type

Private limited with Share Capital

industry

31010 - Manufacture of office and shop furniture

incorporation date

August 2011

ultimate parent company

None

previous names

N/A

address

the octagon suite e2, 2nd floor, middleborough, colchester, essex, CO1 1TG

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 euro workspace limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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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euro workspace limited Company Information

euro workspace limited Estimated Valuation

euro workspace limited Estimated Valuation

euro workspace limited Estimated Valuation

Euro Workspace Limited Overview

Euro Workspace Limited Health Check

EURO WORKSPACE LIMITED financials

euro workspace limited Credit Report and Business Information

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euro workspace limited Ownership

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