worknest (holdings) limited
worknest (holdings) limited Company Information
Company Number
10169921
Next Accounts
Dec 2025
Shareholders
charis four limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
20 grosvenor place, london, SW1X 7HN
Website
elliswhittam.comworknest (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKNEST (HOLDINGS) LIMITED at £1.1m based on a Turnover of £1.3m and 0.88x industry multiple (adjusted for size and gross margin).
worknest (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKNEST (HOLDINGS) LIMITED at £0 based on an EBITDA of £-645k and a 3.66x industry multiple (adjusted for size and gross margin).
worknest (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKNEST (HOLDINGS) LIMITED at £0 based on Net Assets of £-13.6m and 1.31x industry multiple (adjusted for liquidity).
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Worknest (holdings) Limited Overview
Worknest (holdings) Limited is a live company located in london, SW1X 7HN with a Companies House number of 10169921. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2016, it's largest shareholder is charis four limited with a 100% stake. Worknest (holdings) Limited is a young, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.
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Worknest (holdings) Limited Health Check
Pomanda's financial health check has awarded Worknest (Holdings) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
6 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£19.1m)
£1.3m - Worknest (holdings) Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (11.7%)
11% - Worknest (holdings) Limited
11.7% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (34.9%)
21% - Worknest (holdings) Limited
34.9% - Industry AVG
Profitability
an operating margin of -49.2% make it less profitable than the average company (4.6%)
-49.2% - Worknest (holdings) Limited
4.6% - Industry AVG
Employees
with 7 employees, this is below the industry average (104)
7 - Worknest (holdings) Limited
104 - Industry AVG
Pay Structure
on an average salary of £120.6k, the company has a higher pay structure (£44.5k)
£120.6k - Worknest (holdings) Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £187.2k, this is equally as efficient (£189.8k)
£187.2k - Worknest (holdings) Limited
£189.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Worknest (holdings) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Worknest (holdings) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Worknest (holdings) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Worknest (holdings) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.4%, this is a higher level of debt than the average (68.7%)
140.4% - Worknest (holdings) Limited
68.7% - Industry AVG
WORKNEST (HOLDINGS) LIMITED financials
Worknest (Holdings) Limited's latest turnover from March 2024 is £1.3 million and the company has net assets of -£13.6 million. According to their latest financial statements, Worknest (Holdings) Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 1,310,198 | 1,166,825 | 1,118,416 | 958,298 | 15,913,948 | 14,425,239 | 12,929,362 | 8,969,200 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 9,821,602 | 9,909,489 | 9,657,838 | 6,166,718 | ||||
| Gross Profit | 6,092,346 | 4,515,750 | 3,271,524 | 2,802,482 | ||||
| Admin Expenses | 5,788,852 | 5,738,247 | 5,709,979 | 4,700,863 | ||||
| Operating Profit | -645,001 | -2,432,511 | -93,333 | -1,793,097 | 303,494 | -1,222,497 | -2,438,455 | -1,898,381 |
| Interest Payable | 1,511,841 | 2,809,704 | 2,623,571 | 2,586,177 | 1,826,575 | |||
| Interest Receivable | 1,250,000 | 1,696 | 3,362 | 376 | 2,326 | |||
| Pre-Tax Profit | -645,001 | -1,182,511 | -93,333 | -3,304,938 | -2,504,514 | -3,842,706 | -5,024,256 | -3,722,630 |
| Tax | 156,710 | 17,733 | 449,923 | 271,256 | 244,805 | 283,355 | 175,823 | |
| Profit After Tax | -488,291 | -1,182,511 | -75,600 | -2,855,015 | -2,233,258 | -3,597,901 | -4,740,901 | -3,546,807 |
| Dividends Paid | ||||||||
| Retained Profit | -488,291 | -1,182,511 | -75,600 | -2,855,015 | -2,233,258 | -3,597,901 | -4,740,901 | -3,546,807 |
| Employee Costs | 844,156 | 1,126,488 | 1,211,748 | 9,114,946 | 9,397,801 | 9,368,142 | 6,726,141 | |
| Number Of Employees | 7 | 7 | 7 | 9 | 182 | 187 | 193 | 161 |
| EBITDA* | -645,001 | -2,432,511 | -93,333 | -1,793,097 | 2,905,680 | 1,515,562 | 209,381 | -138,331 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 295,155 | 290,662 | 578,445 | 680,212 | ||||
| Intangible Assets | 15,699,670 | 18,144,420 | 19,929,149 | 21,561,812 | ||||
| Investments & Other | 33,778,531 | 33,728,531 | 21,739,792 | 21,739,792 | ||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 33,778,531 | 33,728,531 | 21,739,792 | 21,739,792 | 15,994,825 | 18,435,082 | 20,507,594 | 22,242,024 |
| Stock & work in progress | ||||||||
| Trade Debtors | 4,089,243 | 3,145,538 | 2,941,858 | 2,988,680 | ||||
| Group Debtors | ||||||||
| Misc Debtors | 2,500 | 541,010 | 438,486 | 1,093,525 | 944,948 | |||
| Cash | 4,380,433 | 3,558,336 | 1,625,958 | 1,785,900 | ||||
| misc current assets | ||||||||
| total current assets | 2,500 | 9,010,686 | 7,142,360 | 5,661,341 | 5,719,528 | |||
| total assets | 33,778,531 | 33,728,531 | 21,739,792 | 21,742,292 | 25,005,511 | 25,577,442 | 26,168,935 | 27,961,552 |
| Bank overdraft | 72,093 | |||||||
| Bank loan | 456,250 | 75,000 | 75,000 | |||||
| Trade Creditors | 879,836 | 371,705 | 320,449 | 315,269 | ||||
| Group/Directors Accounts | 43,940,693 | 33,545,741 | 33,557,332 | |||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 2,914,670 | 2,943,639 | 167,341 | 82,650 | 6,921,725 | 6,138,219 | 5,225,220 | 4,298,008 |
| total current liabilities | 2,914,670 | 46,884,332 | 33,713,082 | 33,639,982 | 8,257,811 | 6,584,924 | 5,620,669 | 4,685,370 |
| loans | 44,507,953 | 28,847,625 | 28,663,567 | 26,376,609 | 24,084,713 | |||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 1,587,831 | 1,783,449 | 2,028,254 | 2,311,609 | ||||
| total long term liabilities | 44,507,953 | 30,435,456 | 30,447,016 | 28,404,863 | 26,396,322 | |||
| total liabilities | 47,422,623 | 46,884,332 | 33,713,082 | 33,639,982 | 38,693,267 | 37,031,940 | 34,025,532 | 31,081,692 |
| net assets | -13,644,092 | -13,155,801 | -11,973,290 | -11,897,690 | -13,687,756 | -11,454,498 | -7,856,597 | -3,120,140 |
| total shareholders funds | -13,644,092 | -13,155,801 | -11,973,290 | -11,897,690 | -13,687,756 | -11,454,498 | -7,856,597 | -3,120,140 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -645,001 | -2,432,511 | -93,333 | -1,793,097 | 303,494 | -1,222,497 | -2,438,455 | -1,898,381 |
| Depreciation | 83,457 | 346,615 | 198,596 | 11,795 | ||||
| Amortisation | 2,518,729 | 2,391,444 | 2,449,240 | 1,748,255 | ||||
| Tax | 156,710 | 17,733 | 449,923 | 271,256 | 244,805 | 283,355 | 175,823 | |
| Stock | ||||||||
| Debtors | -2,500 | -4,627,753 | 1,046,229 | -451,359 | 101,755 | 3,933,628 | ||
| Creditors | -879,836 | 508,131 | 51,256 | 5,180 | 315,269 | |||
| Accruals and Deferred Income | -28,969 | 2,776,298 | 84,691 | -6,839,075 | 783,506 | 912,999 | 927,212 | 4,298,008 |
| Deferred Taxes & Provisions | -1,587,831 | -195,618 | -244,805 | -283,355 | 2,311,609 | |||
| Cash flow from operations | -517,260 | 343,787 | 11,591 | -6,022,163 | 3,226,726 | 2,931,176 | 1,040,018 | 3,028,750 |
| Investing Activities | ||||||||
| capital expenditure | -665,547 | -913,406 | -13,804,321 | |||||
| Change in Investments | 50,000 | 11,988,739 | 21,739,792 | |||||
| cash flow from investments | -665,547 | -913,406 | -13,804,321 | |||||
| Financing Activities | ||||||||
| Bank loans | -456,250 | 381,250 | 75,000 | |||||
| Group/Directors Accounts | -43,940,693 | 10,394,952 | -11,591 | 33,557,332 | ||||
| Other Short Term Loans | ||||||||
| Long term loans | 44,507,953 | -28,847,625 | 184,058 | 2,286,958 | 2,291,896 | 24,084,713 | ||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | 1,250,000 | -1,511,841 | -2,808,008 | -2,620,209 | -2,585,801 | -1,824,249 | ||
| cash flow from financing | 567,260 | 11,644,952 | -11,591 | 7,386,697 | -2,242,700 | -333,251 | -214,461 | 22,687,131 |
| cash and cash equivalents | ||||||||
| cash | -4,380,433 | 822,097 | 1,932,378 | -159,942 | 1,785,900 | |||
| overdraft | -72,093 | 72,093 | ||||||
| change in cash | -4,380,433 | 822,097 | 1,932,378 | -87,849 | 1,713,807 |
worknest (holdings) limited Credit Report and Business Information
Worknest (holdings) Limited Competitor Analysis
Perform a competitor analysis for worknest (holdings) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SW1X area or any other competitors across 12 key performance metrics.
worknest (holdings) limited Ownership
WORKNEST (HOLDINGS) LIMITED group structure
Worknest (Holdings) Limited has 17 subsidiary companies.
Ultimate parent company
INFLEXION BUYOUT VI INVESTMENTS LP
#0141983
2 parents
WORKNEST (HOLDINGS) LIMITED
10169921
17 subsidiaries
worknest (holdings) limited directors
Worknest (Holdings) Limited currently has 5 directors. The longest serving directors include Mr Gavin Snell (Dec 2016) and Mr Nicholas Wilson (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Snell | United Kingdom | 60 years | Dec 2016 | - | Director |
| Mr Nicholas Wilson | England | 59 years | Dec 2016 | - | Director |
| Mr Alexander Dacre | England | 37 years | Dec 2020 | - | Director |
| Mr Gary Jones | England | 42 years | Nov 2024 | - | Director |
| Mr Marc Smith | England | 49 years | Feb 2025 | - | Director |
P&L
March 2024turnover
1.3m
+12%
operating profit
-645k
-73%
gross margin
21%
+1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-13.6m
+0.04%
total assets
33.8m
0%
cash
0
0%
net assets
Total assets minus all liabilities
worknest (holdings) limited company details
company number
10169921
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
ellis whittam (holdings) limited (September 2022)
aghoco 1414 limited (October 2016)
accountant
-
auditor
-
address
20 grosvenor place, london, SW1X 7HN
Bank
-
Legal Advisor
-
worknest (holdings) 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 8 charges/mortgages relating to worknest (holdings) limited. Currently there are 2 open charges and 6 have been satisfied in the past.
worknest (holdings) 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.
Click to start generating capital raising & share issue transactions for WORKNEST (HOLDINGS) LIMITED. This can take several minutes, an email will notify you when this has completed.
worknest (holdings) limited Companies House Filings - See Documents
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