alight solutions europe limited
alight solutions europe limited Company Information
Company Number
10612354
Website
www.alight.comRegistered Address
c/o corporation service company, 5 churchill place, london, E14 5HU
Industry
Other human resources provision
Telephone
08003101232
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
tempo uk holdco limited 100%
alight solutions europe limited Estimated Valuation
Pomanda estimates the enterprise value of ALIGHT SOLUTIONS EUROPE LIMITED at £17.7m based on a Turnover of £24.6m and 0.72x industry multiple (adjusted for size and gross margin).
alight solutions europe limited Estimated Valuation
Pomanda estimates the enterprise value of ALIGHT SOLUTIONS EUROPE LIMITED at £0 based on an EBITDA of £-3.7m and a 6.56x industry multiple (adjusted for size and gross margin).
alight solutions europe limited Estimated Valuation
Pomanda estimates the enterprise value of ALIGHT SOLUTIONS EUROPE LIMITED at £31.9m based on Net Assets of £16.2m and 1.97x industry multiple (adjusted for liquidity).
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Alight Solutions Europe Limited Overview
Alight Solutions Europe Limited is a live company located in london, E14 5HU with a Companies House number of 10612354. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in February 2017, it's largest shareholder is tempo uk holdco limited with a 100% stake. Alight Solutions Europe Limited is a young, large sized company, Pomanda has estimated its turnover at £24.6m with declining growth in recent years.
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Alight Solutions Europe Limited Health Check
Pomanda's financial health check has awarded Alight Solutions Europe Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £24.6m, make it larger than the average company (£7.2m)
£24.6m - Alight Solutions Europe Limited
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.3%)
-11% - Alight Solutions Europe Limited
3.3% - Industry AVG
Production
with a gross margin of 22%, this company has a comparable cost of product (22%)
22% - Alight Solutions Europe Limited
22% - Industry AVG
Profitability
an operating margin of -25.2% make it less profitable than the average company (2.7%)
-25.2% - Alight Solutions Europe Limited
2.7% - Industry AVG
Employees
with 142 employees, this is above the industry average (45)
142 - Alight Solutions Europe Limited
45 - Industry AVG
Pay Structure
on an average salary of £105.7k, the company has a higher pay structure (£54.5k)
£105.7k - Alight Solutions Europe Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £173k, this is more efficient (£104.9k)
£173k - Alight Solutions Europe Limited
£104.9k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (50 days)
46 days - Alight Solutions Europe Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 172 days, this is slower than average (11 days)
172 days - Alight Solutions Europe Limited
11 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Alight Solutions Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (9 weeks)
7 weeks - Alight Solutions Europe Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.1%, this is a lower level of debt than the average (78%)
36.1% - Alight Solutions Europe Limited
78% - Industry AVG
ALIGHT SOLUTIONS EUROPE LIMITED financials
Alight Solutions Europe Limited's latest turnover from December 2022 is £24.6 million and the company has net assets of £16.2 million. According to their latest financial statements, Alight Solutions Europe Limited has 142 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 24,564,470 | 27,969,911 | 31,290,268 | 34,368,539 | 30,046,310 | 18,912,402 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -6,199,756 | 469,172 | -1,820,133 | -3,140,590 | -3,683,574 | -2,030,521 |
| Interest Payable | 0 | 4,434 | 0 | 0 | 0 | 0 |
| Interest Receivable | 18,028 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -6,181,728 | 464,738 | -1,820,133 | -3,140,590 | -3,683,574 | -2,030,521 |
| Tax | 1,223,856 | -997,571 | -891,450 | -1,032,924 | -600,497 | -593,870 |
| Profit After Tax | -4,957,872 | -532,833 | -2,711,583 | -4,173,514 | -4,284,071 | -2,624,391 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,957,872 | -532,833 | -2,711,583 | -4,173,514 | -4,284,071 | -2,624,391 |
| Employee Costs | 15,013,641 | 13,425,801 | 16,427,012 | 17,101,413 | 15,929,155 | 9,383,663 |
| Number Of Employees | 142 | 141 | 161 | 163 | 158 | 138 |
| EBITDA* | -3,682,654 | 2,990,026 | 2,206,646 | 2,210,085 | 1,118,480 | 1,170,849 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 7,219 | 89,500 | 121,363 | 65,833 | 0 | 0 |
| Intangible Assets | 10,878,279 | 13,389,179 | 15,899,165 | 19,920,563 | 19,367,406 | 24,169,460 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 1,777,964 |
| Debtors (Due After 1 year) | 88,261 | 72,384 | 0 | 402,282 | 1,141,523 | 0 |
| Total Fixed Assets | 10,973,759 | 13,551,063 | 16,020,528 | 20,388,678 | 20,508,929 | 25,947,424 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,125,048 | 3,348,413 | 3,474,168 | 6,725,379 | 8,300,686 | 4,919,238 |
| Group Debtors | 7,057,932 | 418,211 | 176,144 | 0 | 83,184 | 29,702 |
| Misc Debtors | 2,848,633 | 2,371,481 | 2,404,403 | 4,374,066 | 988,230 | 2,425,242 |
| Cash | 1,352,886 | 4,788,411 | 9,356,263 | 5,197,351 | 4,030,589 | 3,398,980 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,384,499 | 10,926,516 | 15,410,978 | 16,296,796 | 13,402,689 | 10,773,162 |
| total assets | 25,358,258 | 24,477,579 | 31,431,506 | 36,685,474 | 33,911,618 | 36,720,586 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,052,015 | 3,138,342 | 586,898 | 902,082 | 693,744 | 1,070,269 |
| Group/Directors Accounts | 0 | 0 | 3,254,269 | 4,178,073 | 2,894,298 | 1,821,523 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 49,950 | 183,720 | 5,804,858 | 6,398,418 | 6,035,782 | 4,511,866 |
| total current liabilities | 9,101,965 | 3,322,062 | 9,646,025 | 11,478,573 | 9,623,824 | 7,403,658 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 33,333 | 0 | 87,357 | 780,359 | 1,548,276 | 2,478,716 |
| other liabilities | 27,272 | 1,957 | 11,730 | 28,566 | 228,632 | 43,254 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 60,605 | 1,957 | 99,087 | 808,925 | 1,776,908 | 2,521,970 |
| total liabilities | 9,162,570 | 3,324,019 | 9,745,112 | 12,287,498 | 11,400,732 | 9,925,628 |
| net assets | 16,195,688 | 21,153,560 | 21,686,394 | 24,397,976 | 22,510,886 | 26,794,958 |
| total shareholders funds | 16,195,688 | 21,153,560 | 21,686,394 | 24,397,976 | 22,510,886 | 26,794,958 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -6,199,756 | 469,172 | -1,820,133 | -3,140,590 | -3,683,574 | -2,030,521 |
| Depreciation | 6,202 | 5,382 | 5,382 | 897 | 0 | 0 |
| Amortisation | 2,510,900 | 2,515,472 | 4,021,397 | 5,349,778 | 4,802,054 | 3,201,370 |
| Tax | 1,223,856 | -997,571 | -891,450 | -1,032,924 | -600,497 | -593,870 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,909,385 | 155,774 | -5,447,012 | 988,104 | 3,139,441 | 7,374,182 |
| Creditors | 5,913,673 | 2,551,444 | -315,184 | 208,338 | -376,525 | 1,070,269 |
| Accruals and Deferred Income | -100,437 | -5,708,495 | -1,286,562 | -405,281 | 593,476 | 6,990,582 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,554,947 | -1,320,370 | 5,160,462 | -7,886 | -2,404,507 | 1,263,648 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | -1,777,964 | 1,777,964 |
| cash flow from investments | 0 | 0 | 0 | 0 | 1,777,964 | -1,777,964 |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -3,254,269 | -923,804 | 1,283,775 | 1,072,775 | 1,821,523 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 25,315 | -9,773 | -16,836 | -200,066 | 185,378 | 43,254 |
| share issue | ||||||
| interest | 18,028 | -4,434 | 0 | 0 | 0 | 0 |
| cash flow from financing | 43,343 | -3,268,477 | -940,639 | 7,144,313 | 1,258,152 | 31,284,126 |
| cash and cash equivalents | ||||||
| cash | -3,435,525 | -4,567,852 | 4,158,912 | 1,166,762 | 631,609 | 3,398,980 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,435,525 | -4,567,852 | 4,158,912 | 1,166,762 | 631,609 | 3,398,980 |
alight solutions europe limited Credit Report and Business Information
Alight Solutions Europe Limited Competitor Analysis
Perform a competitor analysis for alight solutions europe limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
alight solutions europe limited Ownership
ALIGHT SOLUTIONS EUROPE LIMITED group structure
Alight Solutions Europe Limited has no subsidiary companies.
Ultimate parent company
TEMPO ACQUISITION LLC
#0105742
2 parents
ALIGHT SOLUTIONS EUROPE LIMITED
10612354
alight solutions europe limited directors
Alight Solutions Europe Limited currently has 2 directors. The longest serving directors include Mr Mohamed Allach (Jan 2021) and Mrs Gillian Nolan (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohamed Allach | United Kingdom | 48 years | Jan 2021 | - | Director |
| Mrs Gillian Nolan | United Kingdom | 52 years | Jan 2021 | - | Director |
P&L
December 2022turnover
24.6m
-12%
operating profit
-6.2m
-1421%
gross margin
22%
+15.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
16.2m
-0.23%
total assets
25.4m
+0.04%
cash
1.4m
-0.72%
net assets
Total assets minus all liabilities
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alight solutions europe limited company details
company number
10612354
Type
Private limited with Share Capital
industry
78300 - Other human resources provision
incorporation date
February 2017
age
7
accounts
Full Accounts
ultimate parent company
previous names
uk sheppard limited (December 2017)
incorporated
UK
address
c/o corporation service company, 5 churchill place, london, E14 5HU
last accounts submitted
December 2022
alight solutions europe 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 alight solutions europe limited.
alight solutions europe limited Companies House Filings - See Documents
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