converso project solutions limited
converso project solutions limited Company Information
Company Number
08791952
Next Accounts
951 days late
Directors
Shareholders
damian konrad kolek
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
station house midland drive, sutton coldfield, west midlands, B72 1TU
Website
-converso project solutions limited Estimated Valuation
Pomanda estimates the enterprise value of CONVERSO PROJECT SOLUTIONS LIMITED at £4.1m based on a Turnover of £18.1m and 0.22x industry multiple (adjusted for size and gross margin).
converso project solutions limited Estimated Valuation
Pomanda estimates the enterprise value of CONVERSO PROJECT SOLUTIONS LIMITED at £406.6k based on an EBITDA of £102k and a 3.99x industry multiple (adjusted for size and gross margin).
converso project solutions limited Estimated Valuation
Pomanda estimates the enterprise value of CONVERSO PROJECT SOLUTIONS LIMITED at £60.3k based on Net Assets of £46.5k and 1.3x industry multiple (adjusted for liquidity).
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Converso Project Solutions Limited Overview
Converso Project Solutions Limited is a live company located in west midlands, B72 1TU with a Companies House number of 08791952. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in November 2013, it's largest shareholder is damian konrad kolek with a 100% stake. Converso Project Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £18.1m with healthy growth in recent years.
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Converso Project Solutions Limited Health Check
Pomanda's financial health check has awarded Converso Project Solutions Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £18.1m, make it larger than the average company (£11.3m)
- Converso Project Solutions Limited
£11.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2.4%)
- Converso Project Solutions Limited
2.4% - Industry AVG
Production
with a gross margin of 16.2%, this company has a comparable cost of product (16.2%)
- Converso Project Solutions Limited
16.2% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (2%)
- Converso Project Solutions Limited
2% - Industry AVG
Employees
with 55 employees, this is similar to the industry average (51)
55 - Converso Project Solutions Limited
51 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
- Converso Project Solutions Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £328.8k, this is more efficient (£246.8k)
- Converso Project Solutions Limited
£246.8k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (46 days)
- Converso Project Solutions Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is slower than average (3 days)
- Converso Project Solutions Limited
3 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Converso Project Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (6 weeks)
7 weeks - Converso Project Solutions Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98%, this is a higher level of debt than the average (76.6%)
98% - Converso Project Solutions Limited
76.6% - Industry AVG
CONVERSO PROJECT SOLUTIONS LIMITED financials
Converso Project Solutions Limited's latest turnover from November 2020 is estimated at £18.1 million and the company has net assets of £46.5 thousand. According to their latest financial statements, Converso Project Solutions Limited has 55 employees and maintains cash reserves of £308.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|
| 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 | 55 | 45 | 45 | 7 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | |||||||
| Stock & work in progress | |||||||
| Trade Debtors | 935,133 | 482,745 | 841,281 | 871,319 | 864,246 | ||
| Group Debtors | 544,387 | 367,014 | |||||
| Misc Debtors | 541,556 | 251,550 | 7,016 | ||||
| Cash | 308,072 | 81,884 | 4,859 | 100 | |||
| misc current assets | 352 | 202 | |||||
| total current assets | 2,329,148 | 1,183,193 | 848,649 | 871,521 | 869,105 | 100 | |
| total assets | 2,329,148 | 1,183,193 | 848,649 | 871,521 | 869,105 | 100 | |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 727,239 | 424,292 | 721,139 | 738,377 | 844,017 | ||
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 1,509,586 | 795,162 | |||||
| total current liabilities | 2,236,825 | 1,219,454 | 721,139 | 738,377 | 844,017 | ||
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 124,097 | 177,412 | |||||
| other liabilities | 45,833 | ||||||
| provisions | |||||||
| total long term liabilities | 45,833 | 124,097 | 177,412 | ||||
| total liabilities | 2,282,658 | 1,219,454 | 845,236 | 915,789 | 844,017 | ||
| net assets | 46,490 | -36,261 | 3,413 | -44,268 | 25,088 | 100 | |
| total shareholders funds | 46,490 | -36,261 | 3,413 | -44,268 | 25,088 | 100 |
| Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 919,767 | 253,012 | -23,022 | 7,073 | 864,246 | ||
| Creditors | 302,947 | -296,847 | -17,238 | -105,640 | 844,017 | ||
| Accruals and Deferred Income | 714,424 | 671,065 | -53,315 | 177,412 | |||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | 45,833 | ||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 226,188 | 81,884 | -4,859 | 4,759 | 100 | ||
| overdraft | |||||||
| change in cash | 226,188 | 81,884 | -4,859 | 4,759 | 100 |
converso project solutions limited Credit Report and Business Information
Converso Project Solutions Limited Competitor Analysis
Perform a competitor analysis for converso project solutions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in B72 area or any other competitors across 12 key performance metrics.
converso project solutions limited Ownership
CONVERSO PROJECT SOLUTIONS LIMITED group structure
Converso Project Solutions Limited has no subsidiary companies.
Ultimate parent company
CONVERSO PROJECT SOLUTIONS LIMITED
08791952
converso project solutions limited directors
Converso Project Solutions Limited currently has 1 director, Mr Damian Kolek serving since Apr 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Damian Kolek | England | 37 years | Apr 2023 | - | Director |
P&L
November 2020turnover
18.1m
+76%
operating profit
102k
0%
gross margin
16.3%
-3.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2020net assets
46.5k
-2.28%
total assets
2.3m
+0.97%
cash
308.1k
+2.76%
net assets
Total assets minus all liabilities
converso project solutions limited company details
company number
08791952
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
November 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2020
previous names
N/A
accountant
CEDAR BUSINESS SOLUTIONS LTD
auditor
-
address
station house midland drive, sutton coldfield, west midlands, B72 1TU
Bank
-
Legal Advisor
-
converso project solutions 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 did not find charges/mortgages relating to converso project solutions limited.
converso project solutions limited Capital Raised & Share Issues BETA
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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converso project solutions limited Companies House Filings - See Documents
| date | description | view/download |
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