vocation group limited

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vocation group limited Company Information

Share VOCATION GROUP LIMITED

Company Number

10400023

Directors

Gail Lumsden

John Hickling

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Shareholders

john hickling

bgf nominees limited

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Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

craggs country business park, new road, hebden bridge, HX7 5TT

Website

-

vocation group limited Estimated Valuation

£39.2m

Pomanda estimates the enterprise value of VOCATION GROUP LIMITED at £39.2m based on a Turnover of £20.7m and 1.89x industry multiple (adjusted for size and gross margin).

vocation group limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of VOCATION GROUP LIMITED at £2.7m based on an EBITDA of £339.7k and a 7.85x industry multiple (adjusted for size and gross margin).

vocation group limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of VOCATION GROUP LIMITED at £4.6m based on Net Assets of £3.4m and 1.34x industry multiple (adjusted for liquidity).

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Vocation Group Limited Overview

Vocation Group Limited is a live company located in hebden bridge, HX7 5TT with a Companies House number of 10400023. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2016, it's largest shareholder is john hickling with a 34.9% stake. Vocation Group Limited is a young, large sized company, Pomanda has estimated its turnover at £20.7m with rapid growth in recent years.

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Vocation Group Limited Health Check

Pomanda's financial health check has awarded Vocation Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £20.7m, make it in line with the average company (£19.2m)

£20.7m - Vocation Group Limited

£19.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 140%, show it is growing at a faster rate (11.7%)

140% - Vocation Group Limited

11.7% - Industry AVG

production

Production

with a gross margin of 44.7%, this company has a lower cost of product (34.9%)

44.7% - Vocation Group Limited

34.9% - Industry AVG

profitability

Profitability

an operating margin of -1.8% make it less profitable than the average company (4.6%)

-1.8% - Vocation Group Limited

4.6% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (105)

5 - Vocation Group Limited

105 - Industry AVG

paystructure

Pay Structure

on an average salary of £858.8k, the company has a higher pay structure (£44.6k)

£858.8k - Vocation Group Limited

£44.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £4.1m, this is more efficient (£191.1k)

£4.1m - Vocation Group Limited

£191.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 54 days, this is later than average (44 days)

54 days - Vocation Group Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (43 days)

29 days - Vocation Group Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 34 days, this is in line with average (35 days)

34 days - Vocation Group Limited

35 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (14 weeks)

39 weeks - Vocation Group Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.5%, this is a similar level of debt than the average (68.7%)

74.5% - Vocation Group Limited

68.7% - Industry AVG

VOCATION GROUP LIMITED financials

EXPORTms excel logo

Vocation Group Limited's latest turnover from March 2024 is £20.7 million and the company has net assets of £3.4 million. According to their latest financial statements, Vocation Group Limited has 5 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Turnover20,740,21320,014,15518,873,7021,498,50854,67956,876136,77881,928
Other Income Or Grants
Cost Of Sales11,472,68412,065,44511,987,263997,99436,01037,84891,22054,105
Gross Profit9,267,5297,948,7106,886,439500,51418,66919,02845,55827,823
Admin Expenses9,639,5717,216,2935,294,892517,398-352,358-372,55351,337-445,740
Operating Profit-372,042732,4171,591,547-16,884371,027391,581-5,779473,563
Interest Payable478,245447,628182,815
Interest Receivable98,1344,43561106231422667
Pre-Tax Profit-752,153289,2241,437,333-16,774371,089391,895-5,553473,630
Tax228,932-24,299-468,843-70,507-74,460-94,726
Profit After Tax-523,221264,925968,490-16,774300,582317,435-5,553378,904
Dividends Paid681,565
Retained Profit-523,221264,925286,925-16,774300,582317,435-5,553378,904
Employee Costs4,293,8223,286,1722,626,07537,38036,81836,03934,30433,005
Number Of Employees54411111
EBITDA*339,7381,360,4652,087,953-16,884371,027391,581-5,779473,563

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Tangible Assets6,430,5905,714,2854,735,350
Intangible Assets110,694146,708174,573
Investments & Other1,005,2751,005,2751,080,285436,785432,905
Debtors (Due After 1 year)
Total Fixed Assets6,541,2845,860,9934,909,9231,005,2751,005,2751,080,285436,785432,905
Stock & work in progress1,070,1391,073,6021,909,181
Trade Debtors3,094,6352,702,0852,035,183271,7529481,48729,446
Group Debtors421,980496,929339,524245,975
Misc Debtors446,731666,50155,835108,18110,176
Cash2,322,2443,453,1574,677,155142,51876,87446,52837,11453,456
misc current assets
total current assets6,933,7497,895,3458,677,354414,270607,983544,944406,084309,607
total assets13,475,03313,756,33813,587,2771,419,5451,613,2581,625,229842,869742,512
Bank overdraft330,733258,243290,453
Bank loan
Trade Creditors 929,669772,222927,976444,90097291108
Group/Directors Accounts3,550
other short term finances210,811
hp & lease commitments5443,072
other current liabilities1,614,6711,842,4201,840,770621,742934,101469,457359,999
total current liabilities3,085,8842,873,4293,062,271444,900621,839934,392469,467363,557
loans5,937,3875,917,9265,929,358
hp & lease commitments544
Accruals and Deferred Income
other liabilities
provisions1,010,0001,000,000895,046
total long term liabilities6,947,3876,917,9266,824,948
total liabilities10,033,2719,791,3559,887,219444,900621,839934,392469,467363,557
net assets3,441,7623,964,9833,700,058974,645991,419690,837373,402378,955
total shareholders funds3,441,7623,964,9833,700,058974,645991,419690,837373,402378,955
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Operating Activities
Operating Profit-372,042732,4171,591,547-16,884371,027391,581-5,779473,563
Depreciation649,184553,508432,298
Amortisation62,59674,54064,108
Tax228,932-24,299-468,843-70,507-74,460-94,726
Stock-3,463-835,5791,909,181
Debtors172,7801,277,5681,819,266-259,35732,693129,446112,819256,151
Creditors157,447-155,754483,076444,803-19428128
Accruals and Deferred Income-227,7491,6501,840,770-621,742-312,359464,644109,458359,999
Deferred Taxes & Provisions10,000104,954895,046
Cash flow from operations339,051845,0271,109,55565,534-44,726652,600-9,138482,693
Investing Activities
capital expenditure
Change in Investments-1,005,275-75,010643,5003,880432,905
cash flow from investments1,005,27575,010-643,500-3,880-432,905
Financing Activities
Bank loans
Group/Directors Accounts-3,5503,550
Other Short Term Loans 210,811
Long term loans19,461-11,4325,929,358
Hire Purchase and Lease Commitments-544-3,0723,616
other long term liabilities
share issue2,438,48851
interest-380,111-443,193-182,8091106231422667
cash flow from financing-150,383-457,6978,188,65311062314-3,3243,668
cash and cash equivalents
cash-1,130,913-1,223,9984,534,63765,64430,3469,414-16,34253,456
overdraft72,490-32,210290,453
change in cash-1,203,403-1,191,7884,244,18465,64430,3469,414-16,34253,456

vocation group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Vocation Group Limited Competitor Analysis

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Perform a competitor analysis for vocation group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in HX7 area or any other competitors across 12 key performance metrics.

vocation group limited Ownership

VOCATION GROUP LIMITED group structure

Vocation Group Limited has 2 subsidiary companies.

Ultimate parent company

VOCATION GROUP LIMITED

10400023

2 subsidiaries

VOCATION GROUP LIMITED Shareholders

john hickling 34.91%
bgf nominees limited 26.07%
richard allen stenson 20.96%
gail lumsden 10.01%
bgf uk enterprise fund nominees limited 3.37%
john brooks 1.97%
richard cotton 0.99%
john morrisey 0.74%
bridget gardner 0.49%
vocation group limited 0.49%

vocation group limited directors

Vocation Group Limited currently has 5 directors. The longest serving directors include Mr Gail Lumsden (Dec 2021) and Mr John Hickling (Dec 2021).

officercountryagestartendrole
Mr Gail Lumsden62 years Dec 2021- Director
Mr John HicklingEngland49 years Dec 2021- Director
Mrs Jill WilliamsEngland45 years Apr 2023- Director
Mr Vincent LawsonEngland42 years Dec 2023- Director
Mr John BrooksEngland37 years Feb 2024- Director

P&L

March 2024

turnover

20.7m

+4%

operating profit

-372k

-151%

gross margin

44.7%

+12.51%

turnover

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

Balance Sheet

March 2024

net assets

3.4m

-0.13%

total assets

13.5m

-0.02%

cash

2.3m

-0.33%

net assets

Total assets minus all liabilities

vocation group limited company details

company number

10400023

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

September 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

r stenson holdings limited (November 2021)

accountant

-

auditor

AZETS AUDIT SERVICES LIMITED

address

craggs country business park, new road, hebden bridge, HX7 5TT

Bank

HSBC BANK PLC

Legal Advisor

SCHOFIELD SWEENEY

vocation group 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 1 charges/mortgages relating to vocation group limited. Currently there are 1 open charges and 0 have been satisfied in the past.

vocation group 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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vocation group limited Companies House Filings - See Documents

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