optimum staff solutions ltd
optimum staff solutions ltd Company Information
Company Number
08231896
Registered Address
kre corporate recovery llp unit, the aquarium, reading, RG1 2AN
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Temporary employment agency activities
Telephone
01276475798
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
gary short 50%
mark scarbrow 50%
optimum staff solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM STAFF SOLUTIONS LTD at £378.5k based on a Turnover of £2.8m and 0.14x industry multiple (adjusted for size and gross margin).
optimum staff solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM STAFF SOLUTIONS LTD at £0 based on an EBITDA of £-65.1k and a 2.66x industry multiple (adjusted for size and gross margin).
optimum staff solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of OPTIMUM STAFF SOLUTIONS LTD at £0 based on Net Assets of £-199.7k and 1.74x industry multiple (adjusted for liquidity).
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Optimum Staff Solutions Ltd Overview
Optimum Staff Solutions Ltd is a dissolved company that was located in reading, RG1 2AN with a Companies House number of 08231896. It operated in the other activities of employment placement agencies sector, SIC Code 78109. Founded in September 2012, it's largest shareholder was gary short with a 50% stake. The last turnover for Optimum Staff Solutions Ltd was estimated at £2.8m.
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Optimum Staff Solutions Ltd Health Check
Pomanda's financial health check has awarded Optimum Staff Solutions Ltd a 3 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
4 Strong
1 Regular
6 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£7.9m)
- Optimum Staff Solutions Ltd
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 240%, show it is growing at a faster rate (3.6%)
- Optimum Staff Solutions Ltd
3.6% - Industry AVG
Production
with a gross margin of 11.9%, this company has a higher cost of product (20.7%)
- Optimum Staff Solutions Ltd
20.7% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (2.5%)
- Optimum Staff Solutions Ltd
2.5% - Industry AVG
Employees
with 6 employees, this is below the industry average (43)
- Optimum Staff Solutions Ltd
43 - Industry AVG
Pay Structure
on an average salary of £43.7k, the company has an equivalent pay structure (£43.7k)
- Optimum Staff Solutions Ltd
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £460.1k, this is more efficient (£234.1k)
- Optimum Staff Solutions Ltd
£234.1k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (52 days)
- Optimum Staff Solutions Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (7 days)
- Optimum Staff Solutions Ltd
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Optimum Staff Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)
0 weeks - Optimum Staff Solutions Ltd
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 166.7%, this is a higher level of debt than the average (75.4%)
166.7% - Optimum Staff Solutions Ltd
75.4% - Industry AVG
optimum staff solutions ltd Credit Report and Business Information
Optimum Staff Solutions Ltd Competitor Analysis
Perform a competitor analysis for optimum staff solutions ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
optimum staff solutions ltd Ownership
OPTIMUM STAFF SOLUTIONS LTD group structure
Optimum Staff Solutions Ltd has no subsidiary companies.
Ultimate parent company
OPTIMUM STAFF SOLUTIONS LTD
08231896
optimum staff solutions ltd directors
Optimum Staff Solutions Ltd currently has 2 directors. The longest serving directors include Mr Gary Short (Sep 2012) and Mr Mark Scarbrow (Sep 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Short | England | 58 years | Sep 2012 | - | Director |
| Mr Mark Scarbrow | England | 61 years | Sep 2012 | - | Director |
OPTIMUM STAFF SOLUTIONS LTD financials
Optimum Staff Solutions Ltd's latest turnover from December 2018 is estimated at £2.8 million and the company has net assets of -£199.7 thousand. According to their latest financial statements, we estimate that Optimum Staff Solutions Ltd has 6 employees and maintains cash reserves of £5.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|
| 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 2 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 2 | 2 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 294,616 | 394,535 | 323,896 | 13,407 | 176,185 | 116,542 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 189,208 | 0 | 0 |
| Cash | 5,064 | 29,253 | 18,756 | 12,510 | 3,378 | 9,529 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 299,680 | 423,788 | 342,652 | 215,125 | 179,563 | 126,071 |
| total assets | 299,680 | 423,788 | 342,652 | 215,125 | 179,565 | 126,073 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 423,463 | 558,582 | 484,405 | 0 | 252,483 | 129,671 |
| Group/Directors Accounts | 0 | 0 | 0 | 225,128 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 109,936 | 0 | 0 |
| total current liabilities | 423,463 | 558,582 | 484,405 | 335,064 | 252,483 | 129,671 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 75,940 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 75,940 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 499,403 | 558,582 | 484,405 | 335,064 | 252,483 | 129,671 |
| net assets | -199,723 | -134,794 | -141,753 | -119,939 | -72,918 | -3,598 |
| total shareholders funds | -199,723 | -134,794 | -141,753 | -119,939 | -72,918 | -3,598 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -99,919 | 70,639 | 121,281 | 26,430 | 59,643 | 116,542 |
| Creditors | -135,119 | 74,177 | 484,405 | -252,483 | 122,812 | 129,671 |
| Accruals and Deferred Income | 0 | 0 | -109,936 | 109,936 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | -2 | 0 | 2 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -225,128 | 225,128 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 75,940 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -24,189 | 10,497 | 6,246 | 9,132 | -6,151 | 9,529 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -24,189 | 10,497 | 6,246 | 9,132 | -6,151 | 9,529 |
P&L
December 2018turnover
2.8m
-24%
operating profit
-65.1k
0%
gross margin
12%
-2.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-199.7k
+0.48%
total assets
299.7k
-0.29%
cash
5.1k
-0.83%
net assets
Total assets minus all liabilities
optimum staff solutions ltd company details
company number
08231896
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.
78200 - Temporary employment agency activities
incorporation date
September 2012
age
12
accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
kre corporate recovery llp unit, the aquarium, reading, RG1 2AN
last accounts submitted
December 2018
optimum staff solutions 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 optimum staff solutions ltd.
optimum staff solutions ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
