ersg holdings ltd
ersg holdings ltd Company Information
Company Number
09147252
Website
http://www.ersg-global.comRegistered Address
8th floor, north tower, 26, elmfield road, bromley, BR1 1WA
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
02083152600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
peter paul flaherty 32%
michael james ryan 25.4%
View Allersg holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of ERSG HOLDINGS LTD at £46.2m based on a Turnover of £153.9m and 0.3x industry multiple (adjusted for size and gross margin).
ersg holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of ERSG HOLDINGS LTD at £3.8m based on an EBITDA of £765k and a 5.03x industry multiple (adjusted for size and gross margin).
ersg holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of ERSG HOLDINGS LTD at £274.1k based on Net Assets of £525k and 0.52x industry multiple (adjusted for liquidity).
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Ersg Holdings Ltd Overview
Ersg Holdings Ltd is a live company located in bromley, BR1 1WA with a Companies House number of 09147252. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in July 2014, it's largest shareholder is peter paul flaherty with a 32% stake. Ersg Holdings Ltd is a established, mega sized company, Pomanda has estimated its turnover at £153.9m with healthy growth in recent years.
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Ersg Holdings Ltd Health Check
Pomanda's financial health check has awarded Ersg Holdings Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £153.9m, make it larger than the average company (£7.9m)
£153.9m - Ersg Holdings Ltd
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3.3%)
14% - Ersg Holdings Ltd
3.3% - Industry AVG
Production
with a gross margin of 13.8%, this company has a higher cost of product (26.8%)
13.8% - Ersg Holdings Ltd
26.8% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (4.9%)
0.3% - Ersg Holdings Ltd
4.9% - Industry AVG
Employees
with 200 employees, this is above the industry average (35)
200 - Ersg Holdings Ltd
35 - Industry AVG
Pay Structure
on an average salary of £74k, the company has a higher pay structure (£52.8k)
£74k - Ersg Holdings Ltd
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £769.4k, this is more efficient (£201k)
£769.4k - Ersg Holdings Ltd
£201k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (50 days)
85 days - Ersg Holdings Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is slower than average (10 days)
15 days - Ersg Holdings Ltd
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ersg Holdings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Ersg Holdings Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (68.3%)
99% - Ersg Holdings Ltd
68.3% - Industry AVG
ERSG HOLDINGS LTD financials
Ersg Holdings Ltd's latest turnover from December 2022 is £153.9 million and the company has net assets of £525 thousand. According to their latest financial statements, Ersg Holdings Ltd has 200 employees and maintains cash reserves of £629 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 153,879,000 | 114,697,000 | 82,947,000 | 105,129,000 | 74,704,000 | 61,075,000 | 40,740,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 132,648,000 | 101,174,000 | 71,998,000 | 91,795,000 | 65,663,000 | 54,442,000 | 36,529,000 | |
| Gross Profit | 21,231,000 | 13,523,000 | 10,949,000 | 13,334,000 | 9,041,000 | 6,633,000 | 4,211,000 | |
| Admin Expenses | 20,718,000 | 14,231,000 | 7,981,000 | 12,216,000 | 6,754,000 | 5,174,000 | 3,557,000 | |
| Operating Profit | 513,000 | -708,000 | 2,968,000 | 1,118,000 | 2,287,000 | 1,459,000 | 654,000 | |
| Interest Payable | 1,618,000 | 597,000 | 201,000 | 313,000 | 272,000 | 219,000 | 164,000 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -1,105,000 | -1,305,000 | 2,767,000 | 805,000 | 2,015,000 | 1,240,000 | 490,000 | |
| Tax | 85,000 | -1,137,000 | -501,000 | -96,000 | -427,000 | -268,000 | -97,000 | |
| Profit After Tax | -1,020,000 | -2,442,000 | 2,266,000 | 709,000 | 1,588,000 | 972,000 | 393,000 | |
| Dividends Paid | 0 | 922,000 | 364,000 | 1,068,000 | 572,000 | 313,000 | 180,000 | |
| Retained Profit | -1,020,000 | -3,364,000 | 1,902,000 | -359,000 | 1,016,000 | 659,000 | 213,000 | |
| Employee Costs | 14,797,000 | 10,399,000 | 7,005,000 | 8,527,000 | 4,644,000 | 3,625,000 | 2,301,000 | |
| Number Of Employees | 200 | 123 | 111 | 97 | 58 | 58 | 43 | |
| EBITDA* | 765,000 | -574,000 | 3,040,000 | 1,204,000 | 2,326,000 | 1,491,000 | 687,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 835,000 | 785,000 | 176,000 | 149,000 | 117,000 | 81,000 | 54,000 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 835,000 | 785,000 | 176,000 | 149,000 | 117,000 | 81,000 | 54,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 36,002,000 | 24,230,000 | 14,143,000 | 11,166,000 | 22,696,000 | 15,981,000 | 13,599,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,149,000 | 13,494,000 | 6,629,000 | 5,064,000 | 684,000 | 230,000 | 84,000 | 0 |
| Cash | 629,000 | 1,799,000 | 752,000 | 747,000 | 667,000 | 380,000 | 63,000 | 1 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 50,780,000 | 39,523,000 | 21,524,000 | 16,977,000 | 24,047,000 | 16,591,000 | 13,746,000 | 1 |
| total assets | 51,615,000 | 40,308,000 | 21,700,000 | 17,126,000 | 24,164,000 | 16,672,000 | 13,800,000 | 1 |
| Bank overdraft | 397,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,745,000 | 3,343,000 | 625,000 | 467,000 | 767,000 | 407,000 | 205,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 |
| other short term finances | 900,000 | 10,211,000 | 10,211,000 | 8,556,000 | 13,490,000 | 9,101,000 | 7,641,000 | 0 |
| hp & lease commitments | 88,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 42,633,000 | 24,216,000 | 6,770,000 | 5,837,000 | 7,319,000 | 5,583,000 | 4,963,000 | 0 |
| total current liabilities | 49,763,000 | 37,770,000 | 17,606,000 | 14,860,000 | 21,576,000 | 15,091,000 | 12,909,000 | 0 |
| loans | 858,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 293,000 | 459,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 176,000 | 342,000 | 25,000 | 16,000 | 14,000 | 9,000 | 7,000 | 0 |
| total long term liabilities | 1,327,000 | 1,801,000 | 25,000 | 16,000 | 14,000 | 9,000 | 7,000 | 0 |
| total liabilities | 51,090,000 | 39,571,000 | 17,631,000 | 14,876,000 | 21,590,000 | 15,100,000 | 12,916,000 | 0 |
| net assets | 525,000 | 737,000 | 4,069,000 | 2,250,000 | 2,574,000 | 1,572,000 | 884,000 | 1 |
| total shareholders funds | 525,000 | 737,000 | 4,069,000 | 2,250,000 | 2,574,000 | 1,572,000 | 884,000 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 513,000 | -708,000 | 2,968,000 | 1,118,000 | 2,287,000 | 1,459,000 | 654,000 | |
| Depreciation | 252,000 | 134,000 | 72,000 | 86,000 | 39,000 | 32,000 | 33,000 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 85,000 | -1,137,000 | -501,000 | -96,000 | -427,000 | -268,000 | -97,000 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,427,000 | 16,952,000 | 4,542,000 | -7,150,000 | 7,169,000 | 2,528,000 | 13,683,000 | 0 |
| Creditors | 2,402,000 | 2,718,000 | 158,000 | -300,000 | 360,000 | 202,000 | 205,000 | 0 |
| Accruals and Deferred Income | 18,417,000 | 17,446,000 | 933,000 | -1,482,000 | 1,736,000 | 620,000 | 4,963,000 | 0 |
| Deferred Taxes & Provisions | -166,000 | 317,000 | 9,000 | 2,000 | 5,000 | 2,000 | 7,000 | 0 |
| Cash flow from operations | 9,076,000 | 1,818,000 | -903,000 | 6,478,000 | -3,169,000 | -481,000 | -7,918,000 | |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -75,000 | -59,000 | -17,000 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -75,000 | -59,000 | -17,000 | |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -100,000 | 100,000 | 0 |
| Other Short Term Loans | -9,311,000 | 0 | 1,655,000 | -4,934,000 | 4,389,000 | 1,460,000 | 7,641,000 | 0 |
| Long term loans | -142,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -78,000 | 459,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -1,618,000 | -597,000 | -201,000 | -313,000 | -272,000 | -219,000 | -164,000 | |
| cash flow from financing | -10,341,000 | 894,000 | 1,371,000 | -5,212,000 | 4,103,000 | 1,170,000 | 8,247,999 | |
| cash and cash equivalents | ||||||||
| cash | -1,170,000 | 1,047,000 | 5,000 | 80,000 | 287,000 | 317,000 | 62,999 | 1 |
| overdraft | 397,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,567,000 | 1,047,000 | 5,000 | 80,000 | 287,000 | 317,000 | 62,999 | 1 |
ersg holdings ltd Credit Report and Business Information
Ersg Holdings Ltd Competitor Analysis
Perform a competitor analysis for ersg holdings ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in BR1 area or any other competitors across 12 key performance metrics.
ersg holdings ltd Ownership
ERSG HOLDINGS LTD group structure
Ersg Holdings Ltd has 1 subsidiary company.
ersg holdings ltd directors
Ersg Holdings Ltd currently has 3 directors. The longest serving directors include Mr Michael Ryan (Jul 2014) and Mr Lucien Sullivan (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Ryan | United Kingdom | 56 years | Jul 2014 | - | Director |
| Mr Lucien Sullivan | United Kingdom | 51 years | Jul 2014 | - | Director |
| Mr Peter Flaherty | England | 73 years | Jul 2014 | - | Director |
P&L
December 2022turnover
153.9m
+34%
operating profit
513k
-172%
gross margin
13.8%
+17.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
525k
-0.29%
total assets
51.6m
+0.28%
cash
629k
-0.65%
net assets
Total assets minus all liabilities
Similar Companies
ersg holdings ltd company details
company number
09147252
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
July 2014
age
10
incorporated
UK
accounts
Group
ultimate parent company
previous names
ersg energy limited (April 2016)
last accounts submitted
December 2022
address
8th floor, north tower, 26, elmfield road, bromley, BR1 1WA
accountant
-
auditor
SAFFERY LLP
ersg holdings 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 3 charges/mortgages relating to ersg holdings ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
ersg holdings ltd Companies House Filings - See Documents
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