Worksafe Direct (uk) Limited

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worksafe direct (uk) limited Company Information

Live

EstablishedSmallHigh

Company Number

07995116

Next Accounts

Jan 2025

Industry

Wholesale of clothing and footwear

Directors

Matthew Stevens

Frederick Steward

View All

Shareholders

worksafe holdings limited

Group Structure

View All

Contact

Registered Address

st james road, st james industrial estate, corby, northamptonshire, NN18 8AL

Website

www.worksafeonline.co.uk

worksafe direct (uk) limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of WORKSAFE DIRECT (UK) LIMITED at £2.2m based on a Turnover of £4.9m and 0.45x industry multiple (adjusted for size and gross margin).

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Worksafe Direct (uk) Limited is a live company located in corby, NN18 8AL with a Companies House number of 07995116. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in March 2012, it's largest shareholder is worksafe holdings limited with a 100% stake. Worksafe Direct (uk) Limited is a established, small sized company, Pomanda has estimated its turnover at £4.9m with high growth in recent years.

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Pomanda's financial health check has awarded Worksafe Direct (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£16m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (3.6%)

EXPORT

Worksafe Direct (Uk) Limited's latest turnover from April 2023 is estimated at £4.9 million and the company has net assets of £431.3 thousand. According to their latest financial statements, Worksafe Direct (Uk) Limited has 22 employees and maintains cash reserves of £372 thousand 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
Turnover	4,895,253	3,879,469	3,403,001	3,173,711	3,189,384	2,932,866	2,691,741	1,995,370	1,906,448	1,897,210	1,530,818
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,365,129	2,608,285	2,391,711	2,185,683	2,226,882	2,054,232	1,894,754	1,404,569	1,341,060	1,305,758	1,054,664
Gross Profit	1,530,124	1,271,184	1,011,290	988,029	962,502	878,633	796,987	590,801	565,388	591,453	476,154
Admin Expenses	1,460,401	1,268,656	886,053	924,594	968,209	763,067	731,644	563,781	505,025	520,932	475,603
Operating Profit	69,723	2,528	125,237	63,435	-5,707	115,566	65,343	27,020	60,363	70,521	551
Interest Payable	4,065	3,189	1,525	0	0	16,234	31,219	16,234	0	0	0
Interest Receivable	12,230	1,284	201	217	1,138	741	630	1,290	791	525	174
Pre-Tax Profit	77,888	623	123,912	63,652	-4,569	100,073	34,754	12,076	61,154	71,046	725
Tax	-19,472	-118	-23,543	-12,094	0	-19,014	-6,603	-2,415	-12,231	-14,920	-167
Profit After Tax	58,416	505	100,369	51,558	-4,569	81,059	28,151	9,661	48,923	56,126	558
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	58,416	505	100,369	51,558	-4,569	81,059	28,151	9,661	48,923	56,126	558
Employee Costs	828,249	743,407	656,085	602,070	613,921	549,850	473,329	398,191	213,117	233,742	204,710
Number Of Employees	22	21	19	18	18	17	15	13	7	8	7
EBITDA*	124,240	32,591	185,266	120,805	45,737	165,146	110,756	70,748	103,149	108,402	29,144

* 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
Tangible Assets	97,078	130,850	119,046	117,112	75,180	69,582	61,826	79,242	96,372	91,157	68,754
Intangible Assets	0	0	18,149	36,299	54,448	72,598	90,748	108,897	127,047	145,196	163,346
Investments & Other	0	0	0	0	0	0	0	0	0	0	4
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	97,078	130,850	137,195	153,411	129,628	142,180	152,574	188,139	223,419	236,353	232,104
Stock & work in progress	699,250	733,944	532,125	319,739	286,759	263,618	234,612	212,834	175,005	173,459	170,659
Trade Debtors	794,951	492,959	585,789	488,370	526,030	514,522	464,615	273,348	326,808	287,695	252,780
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	30,848	254,717	79,087	142,986	113,165	136,237	103,425	31,185	0	0	0
Cash	372,030	203,493	138,970	262,330	171,094	132,279	164,113	340,037	175,861	140,450	69,570
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,897,079	1,685,113	1,335,971	1,213,425	1,097,048	1,046,656	966,765	857,404	677,674	601,604	493,009
total assets	1,994,157	1,815,963	1,473,166	1,366,836	1,226,676	1,188,836	1,119,339	1,045,543	901,093	837,957	725,113
Bank overdraft	9,889	9,645	5,833	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	482,545	550,183	168,387	343,610	302,379	244,341	271,564	206,122	284,079	272,964	221,204
Group/Directors Accounts	0	0	0	0	0	0	83,330	90,435	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	21,337	17,250	14,409	4,160	3,876	10,296	0	0	0	0	0
other current liabilities	464,838	262,843	306,672	219,694	177,493	189,949	115,496	124,666	0	0	0
total current liabilities	978,609	839,921	495,301	567,464	483,748	444,586	470,390	421,223	284,079	272,964	221,204
loans	24,945	34,835	44,167	0	0	0	499,500	499,500	0	0	0
hp & lease commitments	42,306	45,029	41,342	8,829	12,989	10,989	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	499,500	499,500	499,500	499,500	499,500	499,500	0	0	499,500	499,500	499,500
provisions	17,540	23,837	20,520	19,076	10,030	8,783	5,530	9,052	11,407	8,309	3,351
total long term liabilities	584,291	603,201	605,529	527,405	522,519	519,272	505,030	508,552	510,907	507,809	502,851
total liabilities	1,562,900	1,443,122	1,100,830	1,094,869	1,006,267	963,858	975,420	929,775	794,986	780,773	724,055
net assets	431,257	372,841	372,336	271,967	220,409	224,978	143,919	115,768	106,107	57,184	1,058
total shareholders funds	431,257	372,841	372,336	271,967	220,409	224,978	143,919	115,768	106,107	57,184	1,058

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Operating Activities
Operating Profit	69,723	2,528	125,237	63,435	-5,707	115,566	65,343	27,020	60,363	70,521	551
Depreciation	54,517	11,914	41,879	39,221	33,294	31,430	27,264	25,578	24,637	19,731	10,443
Amortisation	0	18,149	18,150	18,149	18,150	18,150	18,149	18,150	18,149	18,150	18,150
Tax	-19,472	-118	-23,543	-12,094	0	-19,014	-6,603	-2,415	-12,231	-14,920	-167
Stock	-34,694	201,819	212,386	32,980	23,141	29,006	21,778	37,829	1,546	2,800	170,659
Debtors	78,123	82,800	33,520	-7,839	-11,564	82,719	263,507	-22,275	39,113	34,915	252,780
Creditors	-67,638	381,796	-175,223	41,231	58,038	-27,223	65,442	-77,957	11,115	51,760	221,204
Accruals and Deferred Income	201,995	-43,829	86,978	42,201	-12,456	74,453	-9,170	124,666	0	0	0
Deferred Taxes & Provisions	-6,297	3,317	1,444	9,046	1,247	3,253	-3,522	-2,355	3,098	4,958	3,351
Cash flow from operations	189,399	89,138	-170,984	176,048	80,989	84,890	-128,382	97,133	64,472	112,485	-169,907
Investing Activities
capital expenditure	-20,745	-23,718	-43,813	-81,153	-38,892	-39,186	-9,848	-8,448	-29,852	-42,134	-260,693
Change in Investments	0	0	0	0	0	0	0	0	0	-4	4
cash flow from investments	-20,745	-23,718	-43,813	-81,153	-38,892	-39,186	-9,848	-8,448	-29,852	-42,130	-260,697
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-83,330	-7,105	90,435	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,890	-9,332	44,167	0	0	-499,500	0	499,500	0	0	0
Hire Purchase and Lease Commitments	1,364	6,528	42,762	-3,876	-4,420	21,285	0	0	0	0	0
other long term liabilities	0	0	0	0	0	499,500	0	-499,500	0	0	499,500
share issue	0	0	0	0	0	0	0	0	0	0	500
interest	8,165	-1,905	-1,324	217	1,138	-15,493	-30,589	-14,944	791	525	174
cash flow from financing	-361	-4,709	85,605	-3,659	-3,282	-77,538	-37,694	75,491	791	525	500,174
cash and cash equivalents
cash	168,537	64,523	-123,360	91,236	38,815	-31,834	-175,924	164,176	35,411	70,880	69,570
overdraft	244	3,812	5,833	0	0	0	0	0	0	0	0
change in cash	168,293	60,711	-129,193	91,236	38,815	-31,834	-175,924	164,176	35,411	70,880	69,570

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for worksafe direct (uk) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NN18 area or any other competitors across 12 key performance metrics.

WORKSAFE DIRECT (UK) LIMITED group structure

Worksafe Direct (Uk) Limited has no subsidiary companies.

Ultimate parent company

WORKSAFE DIRECT (UK) LIMITED

07995116

WORKSAFE DIRECT (UK) LIMITED Shareholders

worksafe holdings limited

100%

Worksafe Direct (Uk) Limited currently has 3 directors. The longest serving directors include Mr Matthew Stevens (Mar 2012) and Mr Frederick Steward (Sep 2012).

officer	country	age	start	end	role
Mr Matthew Stevens	United Kingdom	46 years	Mar 2012	-	Director
Mr Frederick Steward	England	58 years	Sep 2012	-	Director
Mr Nathan Whorrell	England	58 years	Sep 2012	-	Director

P&L

April 2023

turnover

4.9m

+26%

operating profit

69.7k

gross margin

31.3%

-4.61%

turnover

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

Balance Sheet

April 2023

net assets

431.3k

+0.16%

total assets

+0.1%

cash

372k

+0.83%

net assets

Total assets minus all liabilities

Similar Companies

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company number

07995116

Type

Private limited with Share Capital

industry

46420 - Wholesale of clothing and footwear

incorporation date

March 2012

ultimate parent company

None

previous names

N/A

address

st james road, st james industrial estate, corby, northamptonshire, NN18 8AL

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 worksafe direct (uk) limited. Currently there are 1 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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worksafe direct (uk) limited Company Information

worksafe direct (uk) limited Estimated Valuation

worksafe direct (uk) limited Estimated Valuation

worksafe direct (uk) limited Estimated Valuation

Worksafe Direct (uk) Limited Overview

Worksafe Direct (uk) Limited Health Check

WORKSAFE DIRECT (UK) LIMITED financials

worksafe direct (uk) limited Credit Report and Business Information

Worksafe Direct (uk) Limited Competitor Analysis

worksafe direct (uk) limited Ownership

worksafe direct (uk) limited directors

worksafe direct (uk) limited company details

worksafe direct (uk) limited Charges & Mortgages

worksafe direct (uk) limited Capital Raised & Share Issues BETA

worksafe direct (uk) limited Companies House Filings - See Documents