Bench It Limited

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bench it limited Company Information

Company Number

08671080

Next Accounts

Jun 2025

Directors

Anthony Davies

James Downie

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Shareholders

james stuart downie

michael john flatman

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Group Structure

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Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Registered Address

suite 501 the nexus building, broadway, letchworth garden city, herts, SG6 9BL

Website

www.benchit.co.uk

bench it limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of BENCH IT LIMITED at £1.4m based on Net Assets of £912.3k and 1.56x industry multiple (adjusted for liquidity).

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Bench It Limited is a live company located in letchworth garden city, SG6 9BL with a Companies House number of 08671080. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in September 2013, it's largest shareholder is james stuart downie with a 33.3% stake. Bench It Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Bench It Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (5%)

EXPORT

Bench It Limited's latest turnover from September 2023 is estimated at £4.2 million and the company has net assets of £912.3 thousand. According to their latest financial statements, Bench It Limited has 4 employees and maintains cash reserves of £627.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Turnover	4,229,645	3,714,552	1,977,761	1,281,955	1,001,764	879,164	193,647	368,654	166,021	60,777
Other Income Or Grants
Cost Of Sales	3,165,520	2,746,756	1,511,250	977,653	768,005	671,663	147,382	281,050	126,809	46,037
Gross Profit	1,064,125	967,796	466,511	304,302	233,759	207,501	46,265	87,604	39,212	14,741
Admin Expenses	1,284,818	117,164	128,365	217,622	229,950	150,926	85,652	29,317	39,329	14,592
Operating Profit	-220,693	850,632	338,146	86,680	3,809	56,575	-39,387	58,287	-117	149
Interest Payable
Interest Receivable	32,970	11,375	282	188	954	266	65	51
Pre-Tax Profit	-187,723	862,006	338,428	86,868	4,763	56,842	-39,322	58,339	-117	149
Tax		-163,781	-64,301	-16,505	-905	-10,800		-11,668		-31
Profit After Tax	-187,723	698,225	274,127	70,363	3,858	46,042	-39,322	46,671	-117	118
Dividends Paid
Retained Profit	-187,723	698,225	274,127	70,363	3,858	46,042	-39,322	46,671	-117	118
Employee Costs	205,158	192,580	168,306	168,040	175,159	169,526	124,692	122,638	39,794	39,400
Number Of Employees	4	4	4	4	4	4	3	3	1	1
EBITDA*	-218,107	853,278	340,314	88,920	4,469	56,575	-39,387	58,287	-117	149

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Tangible Assets	13,073	10,583	8,672	8,962	2,639
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	13,073	10,583	8,672	8,962	2,639
Stock & work in progress
Trade Debtors	692,840	847,161	407,215	209,807	154,944	107,583	1,681	36,287	13,969	5,581
Group Debtors
Misc Debtors	246,577	209,434	40,261	86,378	58,192	214,810	30,860	8,160
Cash	627,847	628,166	382,902	181,379	194,250	60,159	10,905	41,162
misc current assets
total current assets	1,567,264	1,684,761	830,378	477,564	407,386	382,552	43,446	85,609	13,969	5,581
total assets	1,580,337	1,695,344	839,050	486,526	410,025	382,552	43,446	85,609	13,969	5,581
Bank overdraft
Bank loan
Trade Creditors	155,902	63,240	16,200	34,018	36,641	47,366	9,885		13,958	5,453
Group/Directors Accounts								10,324
other short term finances
hp & lease commitments
other current liabilities	509,699	530,118	419,452	323,182	315,623	281,784	26,200	28,603
total current liabilities	665,601	593,358	435,652	357,200	352,264	329,150	36,085	38,927	13,958	5,453
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	2,484	2,011	1,648	1,703	501
total long term liabilities	2,484	2,011	1,648	1,703	501
total liabilities	668,085	595,369	437,300	358,903	352,765	329,150	36,085	38,927	13,958	5,453
net assets	912,252	1,099,975	401,750	127,623	57,260	53,402	7,361	46,682	11	128
total shareholders funds	912,252	1,099,975	401,750	127,623	57,260	53,402	7,361	46,682	11	128

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Operating Activities
Operating Profit	-220,693	850,632	338,146	86,680	3,809	56,575	-39,387	58,287	-117	149
Depreciation	2,586	2,646	2,168	2,240	660
Amortisation
Tax		-163,781	-64,301	-16,505	-905	-10,800		-11,668		-31
Stock
Debtors	-117,178	609,119	151,291	83,049	-109,257	289,852	-11,906	30,478	8,388	5,581
Creditors	92,662	47,040	-17,818	-2,623	-10,725	37,481	9,885	-13,958	8,505	5,453
Accruals and Deferred Income	-20,419	110,666	96,270	7,559	33,839	255,584	-2,403	28,603
Deferred Taxes & Provisions	473	363	-55	1,202	501
Cash flow from operations	-28,213	238,447	203,119	-4,496	136,436	48,988	-19,999	30,786		-10
Investing Activities
capital expenditure	-5,076	-4,557	-1,878	-8,563	-3,299
Change in Investments
cash flow from investments	-5,076	-4,557	-1,878	-8,563	-3,299
Financing Activities
Bank loans
Group/Directors Accounts							-10,324	10,324
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue						-1	1			10
interest	32,970	11,375	282	188	954	266	65	51
cash flow from financing	32,970	11,375	282	188	954	265	-10,258	10,375		10
cash and cash equivalents
cash	-319	245,264	201,523	-12,871	134,091	49,254	-30,257	41,162
overdraft
change in cash	-319	245,264	201,523	-12,871	134,091	49,254	-30,257	41,162

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BENCH IT LIMITED group structure

Bench It Limited has no subsidiary companies.

Ultimate parent company

BENCH IT LIMITED

08671080

BENCH IT LIMITED Shareholders

james stuart downie	33.33%
michael john flatman	33.33%
davies & co group holdings limited	33.33%

Bench It Limited currently has 3 directors. The longest serving directors include Mr Anthony Davies (Sep 2013) and Mr James Downie (Apr 2018).

officer	country	age	start	end	role
Mr Anthony Davies	United Kingdom	32 years	Sep 2013	-	Director
Mr James Downie	United Kingdom	56 years	Apr 2018	-	Director
Mr Michael Flatman	United Kingdom	60 years	Apr 2018	-	Director

P&L

September 2023

turnover

4.2m

+14%

operating profit

-220.7k

gross margin

25.2%

-3.44%

turnover

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

Balance Sheet

September 2023

net assets

912.3k

-0.17%

total assets

1.6m

-0.07%

cash

627.8k

net assets

Total assets minus all liabilities

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company number

08671080

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.

incorporation date

September 2013

ultimate parent company

None

previous names

anthony davies resource solutions ltd (September 2016)

address

suite 501 the nexus building, broadway, letchworth garden city, herts, SG6 9BL

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 bench it limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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bench it limited Company Information

bench it limited Estimated Valuation

bench it limited Estimated Valuation

bench it limited Estimated Valuation

Bench It Limited Overview

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BENCH IT LIMITED financials

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