edge freelance ltd
edge freelance ltd Company Information
Company Number
08907602
Website
www.edgecareers.co.ukRegistered Address
7 prior wharf, harris business park, stoke prior, bromsgrove, B60 4FG
Industry
Temporary employment agency activities
Telephone
01527557323
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
edge group holdings limited 100%
edge freelance ltd Estimated Valuation
Pomanda estimates the enterprise value of EDGE FREELANCE LTD at £606.6k based on a Turnover of £3.8m and 0.16x industry multiple (adjusted for size and gross margin).
edge freelance ltd Estimated Valuation
Pomanda estimates the enterprise value of EDGE FREELANCE LTD at £124.3k based on an EBITDA of £37.5k and a 3.32x industry multiple (adjusted for size and gross margin).
edge freelance ltd Estimated Valuation
Pomanda estimates the enterprise value of EDGE FREELANCE LTD at £0 based on Net Assets of £-84.9k and 1.58x industry multiple (adjusted for liquidity).
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Edge Freelance Ltd Overview
Edge Freelance Ltd is a live company located in stoke prior, B60 4FG with a Companies House number of 08907602. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in February 2014, it's largest shareholder is edge group holdings limited with a 100% stake. Edge Freelance Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.
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Edge Freelance Ltd Health Check
Pomanda's financial health check has awarded Edge Freelance Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £3.8m, make it smaller than the average company (£13.3m)
- Edge Freelance Ltd
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (1%)
- Edge Freelance Ltd
1% - Industry AVG
Production
with a gross margin of 17.8%, this company has a comparable cost of product (17.8%)
- Edge Freelance Ltd
17.8% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (2.7%)
- Edge Freelance Ltd
2.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (50)
5 - Edge Freelance Ltd
50 - Industry AVG
Pay Structure
on an average salary of £51k, the company has an equivalent pay structure (£51k)
- Edge Freelance Ltd
£51k - Industry AVG
Efficiency
resulting in sales per employee of £755.6k, this is more efficient (£273.7k)
- Edge Freelance Ltd
£273.7k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (49 days)
- Edge Freelance Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is slower than average (4 days)
- Edge Freelance Ltd
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Edge Freelance Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (5 weeks)
12 weeks - Edge Freelance Ltd
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.5%, this is a higher level of debt than the average (75.3%)
112.5% - Edge Freelance Ltd
75.3% - Industry AVG
edge freelance ltd Credit Report and Business Information
Edge Freelance Ltd Competitor Analysis
Perform a competitor analysis for edge freelance ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
edge freelance ltd Ownership
EDGE FREELANCE LTD group structure
Edge Freelance Ltd has no subsidiary companies.
edge freelance ltd directors
Edge Freelance Ltd currently has 2 directors. The longest serving directors include Mr Peter Canavan (Feb 2014) and Mrs Vanessa Canavan (Feb 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Canavan | United Kingdom | 55 years | Feb 2014 | - | Director |
| Mrs Vanessa Canavan | United Kingdom | 55 years | Feb 2014 | - | Director |
EDGE FREELANCE LTD financials
Edge Freelance Ltd's latest turnover from December 2022 is estimated at £3.8 million and the company has net assets of -£84.9 thousand. According to their latest financial statements, Edge Freelance Ltd has 5 employees and maintains cash reserves of £170.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 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 | 5 | 4 | 6 | 7 | 6 | 7 | 7 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 635 | 847 | 1,131 | 1,509 | 2,012 | 2,684 | 3,581 | 1,259 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 635 | 847 | 1,131 | 1,509 | 2,012 | 2,684 | 3,581 | 1,259 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 497,004 | 350,051 | 451,642 | 516,768 | 338,612 | 494,662 | 535,502 | 328,379 | 0 |
| Group Debtors | 6,997 | 1,003 | 18,016 | 5,824 | 4,007 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,191 | 4,092 | 41,442 | 8,417 | 11,120 | 46,599 | 46,327 | 51,166 | 0 |
| Cash | 170,489 | 283,646 | 55,521 | 39,400 | 155,802 | 116,021 | 129,102 | 86,664 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 677,681 | 638,792 | 566,621 | 570,409 | 509,541 | 657,282 | 710,931 | 466,209 | 0 |
| total assets | 678,316 | 639,639 | 567,752 | 571,918 | 511,553 | 659,966 | 714,512 | 467,468 | 0 |
| Bank overdraft | 9,700 | 10,000 | 2,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 105,251 | 110,579 | 94,068 | 27,509 | 35,818 | 151,833 | 46,420 | 24,537 | 0 |
| Group/Directors Accounts | 587,080 | 581,713 | 646,218 | 455,027 | 389,010 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 32,703 | 17,942 | 10,441 | 131,322 | 147,872 | 571,344 | 652,706 | 437,009 | 0 |
| total current liabilities | 734,734 | 720,234 | 753,227 | 613,858 | 572,700 | 723,177 | 699,126 | 461,546 | 0 |
| loans | 28,378 | 37,500 | 47,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 121 | 161 | 287 | 287 | 382 | 537 | 716 | 252 | 0 |
| total long term liabilities | 28,499 | 37,661 | 47,787 | 287 | 382 | 537 | 716 | 252 | 0 |
| total liabilities | 763,233 | 757,895 | 801,014 | 614,145 | 573,082 | 723,714 | 699,842 | 461,798 | 0 |
| net assets | -84,917 | -118,256 | -233,262 | -42,227 | -61,529 | -63,748 | 14,670 | 5,670 | 0 |
| total shareholders funds | -84,917 | -118,256 | -233,262 | -42,227 | -61,529 | -63,748 | 14,670 | 5,670 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 212 | 284 | 378 | 503 | 672 | 897 | 1,197 | 419 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 152,046 | -155,954 | -19,909 | 177,270 | -187,522 | -40,568 | 202,284 | 379,545 | 0 |
| Creditors | -5,328 | 16,511 | 66,559 | -8,309 | -116,015 | 105,413 | 21,883 | 24,537 | 0 |
| Accruals and Deferred Income | 14,761 | 7,501 | -120,881 | -16,550 | -423,472 | -81,362 | 215,697 | 437,009 | 0 |
| Deferred Taxes & Provisions | -40 | -126 | 0 | -95 | -155 | -179 | 464 | 252 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,367 | -64,505 | 191,191 | 66,017 | 389,010 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,122 | -10,000 | 47,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -113,157 | 228,125 | 16,121 | -116,402 | 39,781 | -13,081 | 42,438 | 86,664 | 0 |
| overdraft | -300 | 7,500 | 2,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -112,857 | 220,625 | 13,621 | -116,402 | 39,781 | -13,081 | 42,438 | 86,664 | 0 |
P&L
December 2022turnover
3.8m
+18%
operating profit
37.3k
0%
gross margin
17.8%
+11.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-84.9k
-0.28%
total assets
678.3k
+0.06%
cash
170.5k
-0.4%
net assets
Total assets minus all liabilities
Similar Companies
edge freelance ltd company details
company number
08907602
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
February 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
7 prior wharf, harris business park, stoke prior, bromsgrove, B60 4FG
last accounts submitted
December 2022
edge freelance 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 found 2 charges/mortgages relating to edge freelance ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
edge freelance ltd Companies House Filings - See Documents
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