sixworks limited
sixworks limited Company Information
Company Number
10855156
Next Accounts
Apr 2025
Shareholders
snowy bidco limited
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
a2 g005 cody technology park, old ively road, farnborough, hampshire, GU14 0LX
Website
sixworks.netsixworks limited Estimated Valuation
Pomanda estimates the enterprise value of SIXWORKS LIMITED at £26.7m based on a Turnover of £28m and 0.95x industry multiple (adjusted for size and gross margin).
sixworks limited Estimated Valuation
Pomanda estimates the enterprise value of SIXWORKS LIMITED at £29.9m based on an EBITDA of £4.5m and a 6.72x industry multiple (adjusted for size and gross margin).
sixworks limited Estimated Valuation
Pomanda estimates the enterprise value of SIXWORKS LIMITED at £17.8m based on Net Assets of £7.8m and 2.29x industry multiple (adjusted for liquidity).
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Sixworks Limited Overview
Sixworks Limited is a live company located in farnborough, GU14 0LX with a Companies House number of 10855156. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2017, it's largest shareholder is snowy bidco limited with a 100% stake. Sixworks Limited is a young, large sized company, Pomanda has estimated its turnover at £28m with rapid growth in recent years.
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Sixworks Limited Health Check
Pomanda's financial health check has awarded Sixworks Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
1 Weak
Size
annual sales of £28m, make it larger than the average company (£1.2m)
£28m - Sixworks Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 131%, show it is growing at a faster rate (6.3%)
- Sixworks Limited
6.3% - Industry AVG
Production
with a gross margin of 32.5%, this company has a higher cost of product (48.9%)
32.5% - Sixworks Limited
48.9% - Industry AVG
Profitability
an operating margin of 15.7% make it more profitable than the average company (6.8%)
15.7% - Sixworks Limited
6.8% - Industry AVG
Employees
with 63 employees, this is above the industry average (12)
63 - Sixworks Limited
12 - Industry AVG
Pay Structure
on an average salary of £56.7k, the company has an equivalent pay structure (£56.7k)
- Sixworks Limited
£56.7k - Industry AVG
Efficiency
resulting in sales per employee of £444.6k, this is more efficient (£125.3k)
£444.6k - Sixworks Limited
£125.3k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (65 days)
56 days - Sixworks Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is close to average (29 days)
26 days - Sixworks Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sixworks Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (18 weeks)
37 weeks - Sixworks Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a lower level of debt than the average (57.8%)
42.9% - Sixworks Limited
57.8% - Industry AVG
SIXWORKS LIMITED financials
Sixworks Limited's latest turnover from July 2023 is £28 million and the company has net assets of £7.8 million. According to their latest financial statements, Sixworks Limited has 63 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 28,010,576 | 13,977,390 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 18,905,355 | 10,008,339 | ||||
| Gross Profit | 9,105,221 | 3,969,051 | ||||
| Admin Expenses | 4,714,639 | 1,793,081 | ||||
| Operating Profit | 4,390,582 | 2,175,970 | ||||
| Interest Payable | 1,193 | 246 | ||||
| Interest Receivable | 17,000 | 207 | ||||
| Pre-Tax Profit | 4,406,389 | 2,175,931 | ||||
| Tax | 284,729 | 109,750 | ||||
| Profit After Tax | 4,691,118 | 2,285,681 | ||||
| Dividends Paid | 1,040,000 | |||||
| Retained Profit | 4,691,118 | 1,245,681 | ||||
| Employee Costs | ||||||
| Number Of Employees | 63 | 29 | 13 | 7 | 4 | 6 |
| EBITDA* | 4,451,863 | 2,216,053 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 470,031 | 86,918 | 29,146 | 37,126 | 8,677 | 209 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 470,031 | 86,918 | 29,146 | 37,126 | 8,677 | 209 |
| Stock & work in progress | ||||||
| Trade Debtors | 4,300,140 | 2,323,851 | 3,522,037 | 563,003 | 230,785 | 52,735 |
| Group Debtors | 3,727,570 | |||||
| Misc Debtors | 883,691 | 429,370 | 450 | 186,734 | 26,132 | 10 |
| Cash | 4,244,051 | 3,013,677 | 2,196,632 | 1,204,373 | 1,036,285 | 27,857 |
| misc current assets | ||||||
| total current assets | 13,155,452 | 5,766,898 | 5,719,119 | 1,954,110 | 1,293,202 | 80,602 |
| total assets | 13,625,483 | 5,853,816 | 5,748,265 | 1,991,236 | 1,301,879 | 80,811 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 1,393,770 | 677,492 | 508,010 | 522,546 | ||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 10,736 | 7,990 | ||||
| other current liabilities | 4,404,890 | 2,080,441 | 3,446,354 | 599,886 | 850,451 | 25,702 |
| total current liabilities | 5,809,396 | 2,765,923 | 3,954,364 | 1,122,432 | 850,451 | 25,702 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 40,392 | 52,916 | ||||
| provisions | 5,538 | 6,624 | 1,649 | 40 | ||
| total long term liabilities | 40,392 | 52,916 | 5,538 | 6,624 | 1,649 | 40 |
| total liabilities | 5,849,788 | 2,818,839 | 3,959,902 | 1,129,056 | 852,100 | 25,742 |
| net assets | 7,775,695 | 3,034,977 | 1,788,363 | 862,180 | 449,779 | 55,069 |
| total shareholders funds | 7,775,695 | 3,034,977 | 1,788,363 | 862,180 | 449,779 | 55,069 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 4,390,582 | 2,175,970 | ||||
| Depreciation | 61,281 | 40,083 | 17,855 | 2,916 | 70 | |
| Amortisation | ||||||
| Tax | 284,729 | 109,750 | ||||
| Stock | ||||||
| Debtors | 6,158,180 | -769,266 | 2,772,750 | 492,820 | 204,172 | 52,745 |
| Creditors | 716,278 | 169,482 | -14,536 | 522,546 | ||
| Accruals and Deferred Income | 2,324,449 | -1,365,913 | 2,846,468 | -250,565 | 824,749 | 25,702 |
| Deferred Taxes & Provisions | -5,538 | -1,086 | 4,975 | 1,609 | 40 | |
| Cash flow from operations | 1,619,139 | 1,893,100 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | 2,746 | 7,990 | ||||
| other long term liabilities | -12,524 | 52,916 | ||||
| share issue | ||||||
| interest | 15,807 | -39 | ||||
| cash flow from financing | 55,629 | 61,800 | ||||
| cash and cash equivalents | ||||||
| cash | 1,230,374 | 817,045 | 992,259 | 168,088 | 1,008,428 | 27,857 |
| overdraft | ||||||
| change in cash | 1,230,374 | 817,045 | 992,259 | 168,088 | 1,008,428 | 27,857 |
sixworks limited Credit Report and Business Information
Sixworks Limited Competitor Analysis
Perform a competitor analysis for sixworks limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in GU14 area or any other competitors across 12 key performance metrics.
sixworks limited Ownership
SIXWORKS LIMITED group structure
Sixworks Limited has no subsidiary companies.
Ultimate parent company
IBM UNITED KINGDOM LIMITED
IE900955
2 parents
SIXWORKS LIMITED
10855156
sixworks limited directors
Sixworks Limited currently has 4 directors. The longest serving directors include Mr Richard Goldsmith (Nov 2023) and Mr Jake Johnson (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Goldsmith | England | 43 years | Nov 2023 | - | Director |
| Mr Jake Johnson | United Kingdom | 42 years | Jul 2024 | - | Director |
| Mr Paul MacPherson | England | 52 years | Jul 2024 | - | Director |
| Ms Sarah Bennett | United Kingdom | 51 years | Jul 2024 | - | Director |
P&L
July 2023turnover
28m
+100%
operating profit
4.4m
+102%
gross margin
32.6%
+14.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
7.8m
+1.56%
total assets
13.6m
+1.33%
cash
4.2m
+0.41%
net assets
Total assets minus all liabilities
sixworks limited company details
company number
10855156
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
July 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
brockworks limited (November 2017)
accountant
-
auditor
BDO LLP
address
a2 g005 cody technology park, old ively road, farnborough, hampshire, GU14 0LX
Bank
-
Legal Advisor
-
sixworks 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 3 charges/mortgages relating to sixworks limited. Currently there are 0 open charges and 3 have been satisfied in the past.
sixworks 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 SIXWORKS LIMITED. This can take several minutes, an email will notify you when this has completed.
sixworks limited Companies House Filings - See Documents
| date | description | view/download |
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