the key support services limited
the key support services limited Company Information
Company Number
08268303
Website
www.thekeysupport.comRegistered Address
8th floor hylo 103, 105 bunhill row, london, EC1Y 8LZ
Industry
Educational support activities
Telephone
08000614500
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
darwin acquisitions limited 100%
the key support services limited Estimated Valuation
Pomanda estimates the enterprise value of THE KEY SUPPORT SERVICES LIMITED at £66.1m based on a Turnover of £41.1m and 1.61x industry multiple (adjusted for size and gross margin).
the key support services limited Estimated Valuation
Pomanda estimates the enterprise value of THE KEY SUPPORT SERVICES LIMITED at £61.9m based on an EBITDA of £7.7m and a 8.09x industry multiple (adjusted for size and gross margin).
the key support services limited Estimated Valuation
Pomanda estimates the enterprise value of THE KEY SUPPORT SERVICES LIMITED at £0 based on Net Assets of £-80.9k and 0.9x industry multiple (adjusted for liquidity).
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The Key Support Services Limited Overview
The Key Support Services Limited is a live company located in london, EC1Y 8LZ with a Companies House number of 08268303. It operates in the educational support services sector, SIC Code 85600. Founded in October 2012, it's largest shareholder is darwin acquisitions limited with a 100% stake. The Key Support Services Limited is a established, large sized company, Pomanda has estimated its turnover at £41.1m with rapid growth in recent years.
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The Key Support Services Limited Health Check
Pomanda's financial health check has awarded The Key Support Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £41.1m, make it larger than the average company (£409.4k)
£41.1m - The Key Support Services Limited
£409.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (6.1%)
41% - The Key Support Services Limited
6.1% - Industry AVG
Production
with a gross margin of 83.1%, this company has a lower cost of product (67.7%)
83.1% - The Key Support Services Limited
67.7% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (2.8%)
-1.3% - The Key Support Services Limited
2.8% - Industry AVG
Employees
with 366 employees, this is above the industry average (12)
366 - The Key Support Services Limited
12 - Industry AVG
Pay Structure
on an average salary of £39.9k, the company has a higher pay structure (£29.9k)
£39.9k - The Key Support Services Limited
£29.9k - Industry AVG
Efficiency
resulting in sales per employee of £112.2k, this is more efficient (£51.9k)
£112.2k - The Key Support Services Limited
£51.9k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (21 days)
86 days - The Key Support Services Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (19 days)
78 days - The Key Support Services Limited
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Key Support Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (88 weeks)
8 weeks - The Key Support Services Limited
88 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (34%)
100.1% - The Key Support Services Limited
34% - Industry AVG
THE KEY SUPPORT SERVICES LIMITED financials
The Key Support Services Limited's latest turnover from August 2023 is £41.1 million and the company has net assets of -£80.9 thousand. According to their latest financial statements, The Key Support Services Limited has 366 employees and maintains cash reserves of £5.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 41,065,627 | 30,544,452 | 21,657,383 | 14,541,828 | 13,472,811 | 10,105,361 | 8,789,849 | 8,254,537 | 6,963,485 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 6,921,767 | 3,711,606 | 1,844,636 | 752,324 | 1,203,759 | 416,795 | 469,491 | 713,261 | 657,002 | ||
| Gross Profit | 34,143,860 | 26,832,846 | 19,812,747 | 13,789,504 | 12,269,052 | 9,688,566 | 8,320,358 | 7,541,276 | 6,306,483 | ||
| Admin Expenses | 34,696,332 | 28,934,777 | 21,756,675 | 11,866,723 | 11,782,041 | 7,626,282 | 6,503,097 | 6,109,898 | 5,379,761 | ||
| Operating Profit | -552,472 | -2,101,931 | -1,943,928 | 1,922,781 | 487,011 | 2,062,284 | 1,817,261 | 1,431,378 | 926,722 | ||
| Interest Payable | 2,841,500 | 2,481,717 | 1,303,954 | 6 | 0 | 134 | 0 | 7 | 0 | ||
| Interest Receivable | 8,402 | 58 | 152,307 | 14,337 | 46,306 | 254,520 | 238,742 | 147,296 | 78,586 | ||
| Pre-Tax Profit | -3,385,570 | -4,583,590 | -3,095,575 | 1,937,112 | 533,317 | 2,316,670 | 2,056,003 | 1,578,667 | 1,005,308 | ||
| Tax | 1,022,992 | 962,346 | -219,593 | -330,343 | 272,164 | -247,587 | -87,656 | -29,785 | -86,531 | ||
| Profit After Tax | -2,362,578 | -3,621,244 | -3,315,168 | 1,606,769 | 805,481 | 2,069,083 | 1,968,347 | 1,548,882 | 918,777 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -2,362,578 | -3,621,244 | -3,315,168 | 1,606,769 | 805,481 | 2,069,083 | 1,968,347 | 1,548,882 | 918,777 | ||
| Employee Costs | 14,589,421 | 11,475,543 | 8,485,919 | 4,895,969 | 4,916,756 | 3,825,560 | 3,814,179 | 3,466,383 | 3,102,604 | ||
| Number Of Employees | 366 | 300 | 247 | 141 | 155 | 118 | 122 | 131 | |||
| EBITDA* | 7,650,556 | 5,617,780 | 10,358,002 | 5,874,196 | 4,922,176 | 3,209,582 | 2,595,888 | 2,124,058 | 1,264,632 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 729,098 | 642,298 | 459,628 | 323,345 | 419,539 | 425,620 | 291,891 | 278,688 | 241,719 | 152,643 | 28,028 |
| Intangible Assets | 52,751,745 | 37,378,368 | 40,967,377 | 14,064,995 | 13,061,844 | 16,357,838 | 2,266,114 | 1,945,694 | 377,776 | 251,520 | 503,040 |
| Investments & Other | 0 | 0 | 100 | 3,000,100 | 100 | 100 | 100 | 100 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 167,205 | 86,208 | 40,957 | 100,630 | 0 | 485,982 | 485,982 | 485,982 | 485,982 | 0 | 0 |
| Total Fixed Assets | 53,648,048 | 38,106,874 | 41,468,062 | 17,489,070 | 13,481,483 | 17,269,540 | 3,044,087 | 2,710,464 | 1,105,477 | 404,163 | 531,068 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,771,139 | 6,185,959 | 4,377,409 | 2,151,337 | 1,228,840 | 1,014,616 | 701,448 | 884,998 | 1,899,722 | 3,114,488 | 1,175,303 |
| Group Debtors | 948,005 | 358,944 | 0 | 0 | 2,479,898 | 0 | 5,388,001 | 3,525,879 | 2,198,954 | 0 | 0 |
| Misc Debtors | 5,920,358 | 5,137,029 | 2,102,849 | 803,795 | 592,516 | 474,463 | 279,716 | 236,328 | 202,877 | 0 | 0 |
| Cash | 5,915,244 | 6,975,990 | 9,115,356 | 4,621,680 | 972,908 | 1,891,819 | 2,168,092 | 1,371,003 | 983,271 | 823,471 | 501,001 |
| misc current assets | 0 | 0 | 5,708 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 22,554,746 | 18,657,922 | 15,601,322 | 7,576,812 | 5,274,162 | 3,380,898 | 8,537,257 | 6,018,208 | 5,284,824 | 3,937,959 | 1,676,304 |
| total assets | 76,202,794 | 56,764,796 | 57,069,384 | 25,065,882 | 18,755,645 | 20,650,438 | 11,581,344 | 8,728,672 | 6,390,301 | 4,342,122 | 2,207,372 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,489,288 | 1,276,009 | 1,008,294 | 443,672 | 156,544 | 231,889 | 171,150 | 134,567 | 203,189 | 4,041,376 | 3,362,797 |
| Group/Directors Accounts | 8,959,031 | 10,377,881 | 11,174,426 | 3,907,973 | 0 | 1,549,425 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 27,071,552 | 18,840,824 | 16,758,285 | 10,267,495 | 10,214,415 | 11,257,785 | 6,536,541 | 5,722,945 | 4,886,851 | 0 | 0 |
| total current liabilities | 37,519,871 | 30,494,714 | 28,941,005 | 14,619,140 | 10,370,959 | 13,039,099 | 6,707,691 | 5,857,512 | 5,090,040 | 4,041,376 | 3,362,797 |
| loans | 27,853,320 | 17,346,578 | 17,346,548 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 5,428,669 | 3,124,760 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 1,264,162 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,481,833 | 3,517,065 | 3,614,746 | 1,228,651 | 773,364 | 805,498 | 136,895 | 102,749 | 80,732 | 0 | 0 |
| total long term liabilities | 38,763,822 | 23,988,403 | 22,225,456 | 1,228,651 | 773,364 | 805,498 | 136,895 | 102,749 | 80,732 | 0 | 0 |
| total liabilities | 76,283,693 | 54,483,117 | 51,166,461 | 15,847,791 | 11,144,323 | 13,844,597 | 6,844,586 | 5,960,261 | 5,170,772 | 4,041,376 | 3,362,797 |
| net assets | -80,899 | 2,281,679 | 5,902,923 | 9,218,091 | 7,611,322 | 6,805,841 | 4,736,758 | 2,768,411 | 1,219,529 | 300,746 | -1,155,425 |
| total shareholders funds | -80,899 | 2,281,679 | 5,902,923 | 9,218,091 | 7,611,322 | 6,805,841 | 4,736,758 | 2,768,411 | 1,219,529 | 300,746 | -1,155,425 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -552,472 | -2,101,931 | -1,943,928 | 1,922,781 | 487,011 | 2,062,284 | 1,817,261 | 1,431,378 | 926,722 | ||
| Depreciation | 235,985 | 246,798 | 181,867 | 210,093 | 114,969 | 134,573 | 143,216 | 157,880 | 83,891 | 36,750 | 15,585 |
| Amortisation | 7,967,043 | 7,472,913 | 12,120,063 | 3,741,322 | 4,320,196 | 1,012,725 | 635,411 | 534,800 | 254,019 | 251,520 | 237,877 |
| Tax | 1,022,992 | 962,346 | -219,593 | -330,343 | 272,164 | -247,587 | -87,656 | -29,785 | -86,531 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,038,567 | 5,246,925 | 3,465,453 | -1,245,492 | 2,326,193 | -4,880,086 | 1,721,960 | 345,652 | 1,673,047 | 1,939,185 | 1,175,303 |
| Creditors | 213,279 | 267,715 | 564,622 | 287,128 | -75,345 | 60,739 | 36,583 | -68,622 | -3,838,187 | 678,579 | 3,362,797 |
| Accruals and Deferred Income | 10,534,637 | 5,207,299 | 6,490,790 | 53,080 | -1,043,370 | 4,721,244 | 813,596 | 836,094 | 4,886,851 | 0 | 0 |
| Deferred Taxes & Provisions | 1,964,768 | -97,681 | 2,386,095 | 455,287 | -32,134 | 668,603 | 34,146 | 22,017 | 80,732 | 0 | 0 |
| Cash flow from operations | 16,347,665 | 6,710,534 | 16,114,463 | 7,584,840 | 1,717,298 | 13,292,667 | 1,670,597 | 2,538,110 | 634,450 | ||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | -100 | -3,000,000 | 3,000,000 | 0 | 0 | 0 | 100 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,418,850 | -796,545 | 7,266,453 | 3,907,973 | -1,549,425 | 1,549,425 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 10,506,742 | 30 | 17,346,548 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -1,264,162 | 1,264,162 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -2,833,098 | -2,481,659 | -1,151,647 | 14,331 | 46,306 | 254,386 | 238,742 | 147,289 | 78,586 | ||
| cash flow from financing | 6,254,794 | -4,542,336 | 24,725,516 | 3,922,304 | -1,503,119 | 1,803,811 | 238,742 | 147,289 | 78,592 | ||
| cash and cash equivalents | |||||||||||
| cash | -1,060,746 | -2,139,366 | 4,493,676 | 3,648,772 | -918,911 | -276,273 | 797,089 | 387,732 | 159,800 | 322,470 | 501,001 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,060,746 | -2,139,366 | 4,493,676 | 3,648,772 | -918,911 | -276,273 | 797,089 | 387,732 | 159,800 | 322,470 | 501,001 |
the key support services limited Credit Report and Business Information
The Key Support Services Limited Competitor Analysis
Perform a competitor analysis for the key support services limited by selecting its closest rivals, whether from the EDUCATION sector, other large companies, companies in EC1Y area or any other competitors across 12 key performance metrics.
the key support services limited Ownership
THE KEY SUPPORT SERVICES LIMITED group structure
The Key Support Services Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
THE KEY SUPPORT SERVICES LIMITED
08268303
3 subsidiaries
the key support services limited directors
The Key Support Services Limited currently has 4 directors. The longest serving directors include Mr Ian Armitage (Mar 2014) and Ms Samantha Tubb (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Armitage | 68 years | Mar 2014 | - | Director | |
| Ms Samantha Tubb | United Kingdom | 49 years | May 2018 | - | Director |
| Mr Christopher Kenyon | United Kingdom | 50 years | Dec 2019 | - | Director |
| Mr Nicholas McNulty | England | 44 years | Jan 2022 | - | Director |
P&L
August 2023turnover
41.1m
+34%
operating profit
-552.5k
-74%
gross margin
83.2%
-5.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-80.9k
-1.04%
total assets
76.2m
+0.34%
cash
5.9m
-0.15%
net assets
Total assets minus all liabilities
the key support services limited company details
company number
08268303
Type
Private limited with Share Capital
industry
85600 - Educational support activities
incorporation date
October 2012
age
12
incorporated
UK
accounts
Group
ultimate parent company
previous names
ten education limited (May 2014)
last accounts submitted
August 2023
address
8th floor hylo 103, 105 bunhill row, london, EC1Y 8LZ
accountant
-
auditor
ERNST & YOUNG LLP
the key support services 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 found 2 charges/mortgages relating to the key support services limited. Currently there are 1 open charges and 1 have been satisfied in the past.
the key support services limited Companies House Filings - See Documents
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