workspace it limited
workspace it limited Company Information
Company Number
10777312
Website
workspace-it.comRegistered Address
kirkpatrick and hopes, merlin house, reading, berkshire, RG7 4AB
Industry
Computer consultancy activities
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
colin eales 25%
daniel alexander ogilvie 25%
View Allworkspace it limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSPACE IT LIMITED at £377.2k based on a Turnover of £709.2k and 0.53x industry multiple (adjusted for size and gross margin).
workspace it limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSPACE IT LIMITED at £0 based on an EBITDA of £-111.8k and a 3.82x industry multiple (adjusted for size and gross margin).
workspace it limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSPACE IT LIMITED at £986.2k based on Net Assets of £438.3k and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Workspace It Limited Overview
Workspace It Limited is a live company located in reading, RG7 4AB with a Companies House number of 10777312. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2017, it's largest shareholder is colin eales with a 25% stake. Workspace It Limited is a young, small sized company, Pomanda has estimated its turnover at £709.2k with high growth in recent years.
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Workspace It Limited Health Check
Pomanda's financial health check has awarded Workspace It Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £709.2k, make it smaller than the average company (£908k)
- Workspace It Limited
£908k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.5%)
- Workspace It Limited
6.5% - Industry AVG
Production
with a gross margin of 26.4%, this company has a higher cost of product (49.2%)
- Workspace It Limited
49.2% - Industry AVG
Profitability
an operating margin of -16.5% make it less profitable than the average company (7.7%)
- Workspace It Limited
7.7% - Industry AVG
Employees
with 10 employees, this is above the industry average (8)
10 - Workspace It Limited
8 - Industry AVG
Pay Structure
on an average salary of £53.6k, the company has an equivalent pay structure (£53.6k)
- Workspace It Limited
£53.6k - Industry AVG
Efficiency
resulting in sales per employee of £70.9k, this is less efficient (£124.1k)
- Workspace It Limited
£124.1k - Industry AVG
Debtor Days
it gets paid by customers after 152 days, this is later than average (64 days)
- Workspace It Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (30 days)
- Workspace It Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Workspace It Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (18 weeks)
40 weeks - Workspace It Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.2%, this is a lower level of debt than the average (56.8%)
37.2% - Workspace It Limited
56.8% - Industry AVG
WORKSPACE IT LIMITED financials
Workspace It Limited's latest turnover from September 2023 is estimated at £709.2 thousand and the company has net assets of £438.3 thousand. According to their latest financial statements, Workspace It Limited has 10 employees and maintains cash reserves of £202.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| 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 | 10 | 10 | 8 | 6 | 5 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 7,904 | 11,273 | 8,105 | 8,472 | 5,331 | 993 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 191,917 | 182,391 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 199,821 | 193,664 | 8,105 | 8,472 | 5,331 | 993 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 295,440 | 160,320 | 133,795 | 161,180 | 111,044 | 144,327 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 785 | 1,123 | 1,514 | 47,549 | 585 | 0 |
| Cash | 202,240 | 361,988 | 335,362 | 175,896 | 112,844 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 498,465 | 523,431 | 470,671 | 384,625 | 224,473 | 144,327 |
| total assets | 698,286 | 717,095 | 478,776 | 393,097 | 229,804 | 145,320 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 99,505 | 0 | 0 | 0 | 404 | 70,226 |
| Group/Directors Accounts | 0 | 2,190 | 2,190 | 0 | 2,190 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 158,969 | 171,283 | 128,505 | 138,398 | 101,309 | 0 |
| total current liabilities | 258,474 | 173,473 | 130,695 | 138,398 | 103,903 | 70,226 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,502 | 2,142 | 1,540 | 1,610 | 0 | 0 |
| total long term liabilities | 1,502 | 2,142 | 1,540 | 1,610 | 0 | 0 |
| total liabilities | 259,976 | 175,615 | 132,235 | 140,008 | 103,903 | 70,226 |
| net assets | 438,310 | 541,480 | 346,541 | 253,089 | 125,901 | 75,094 |
| total shareholders funds | 438,310 | 541,480 | 346,541 | 253,089 | 125,901 | 75,094 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 5,500 | 5,983 | 4,441 | 3,618 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 134,782 | 26,134 | -73,420 | 97,100 | -32,698 | 144,327 |
| Creditors | 99,505 | 0 | 0 | -404 | -69,822 | 70,226 |
| Accruals and Deferred Income | -12,314 | 42,778 | -9,893 | 37,089 | 101,309 | 0 |
| Deferred Taxes & Provisions | -640 | 602 | -70 | 1,610 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 9,526 | 182,391 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,190 | 0 | 2,190 | -2,190 | 2,190 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -159,748 | 26,626 | 159,466 | 63,052 | 112,844 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -159,748 | 26,626 | 159,466 | 63,052 | 112,844 | 0 |
workspace it limited Credit Report and Business Information
Workspace It Limited Competitor Analysis
Perform a competitor analysis for workspace it limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in RG7 area or any other competitors across 12 key performance metrics.
workspace it limited Ownership
WORKSPACE IT LIMITED group structure
Workspace It Limited has no subsidiary companies.
Ultimate parent company
WORKSPACE IT LIMITED
10777312
workspace it limited directors
Workspace It Limited currently has 4 directors. The longest serving directors include Mr Daniel Ogilvie (May 2017) and Mr Colin Eales (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Ogilvie | United Kingdom | 51 years | May 2017 | - | Director |
| Mr Colin Eales | England | 43 years | May 2017 | - | Director |
| Mrs Gemma Eales | England | 41 years | Oct 2017 | - | Director |
| Mrs Joanne Ogilvie | 49 years | Oct 2017 | - | Director |
P&L
September 2023turnover
709.2k
+32%
operating profit
-117.3k
0%
gross margin
26.4%
-6.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
438.3k
-0.19%
total assets
698.3k
-0.03%
cash
202.2k
-0.44%
net assets
Total assets minus all liabilities
Similar Companies
workspace it limited company details
company number
10777312
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
May 2017
age
7
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
kirkpatrick and hopes, merlin house, reading, berkshire, RG7 4AB
accountant
-
auditor
-
workspace it 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 workspace it limited.
workspace it limited Companies House Filings - See Documents
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