origin workspace ltd
origin workspace ltd Company Information
Company Number
10976655
Next Accounts
Sep 2025
Industry
Physical well-being activities
Shareholders
heather frankham
Group Structure
View All
Contact
Registered Address
40 berkeley square, bristol, BS8 1HP
Website
originworkspace.co.ukorigin workspace ltd Estimated Valuation
Pomanda estimates the enterprise value of ORIGIN WORKSPACE LTD at £301.5k based on a Turnover of £481.6k and 0.63x industry multiple (adjusted for size and gross margin).
origin workspace ltd Estimated Valuation
Pomanda estimates the enterprise value of ORIGIN WORKSPACE LTD at £2.1m based on an EBITDA of £394.7k and a 5.26x industry multiple (adjusted for size and gross margin).
origin workspace ltd Estimated Valuation
Pomanda estimates the enterprise value of ORIGIN WORKSPACE LTD at £0 based on Net Assets of £-1.2m and 1.96x industry multiple (adjusted for liquidity).
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Origin Workspace Ltd Overview
Origin Workspace Ltd is a live company located in bristol, BS8 1HP with a Companies House number of 10976655. It operates in the physical well-being activities sector, SIC Code 96040. Founded in September 2017, it's largest shareholder is heather frankham with a 100% stake. Origin Workspace Ltd is a young, micro sized company, Pomanda has estimated its turnover at £481.6k with declining growth in recent years.
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Origin Workspace Ltd Health Check
Pomanda's financial health check has awarded Origin Workspace Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £481.6k, make it larger than the average company (£153k)
- Origin Workspace Ltd
£153k - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (8.5%)
- Origin Workspace Ltd
8.5% - Industry AVG
Production
with a gross margin of 73.4%, this company has a comparable cost of product (73.4%)
- Origin Workspace Ltd
73.4% - Industry AVG
Profitability
an operating margin of 47.8% make it more profitable than the average company (4.7%)
- Origin Workspace Ltd
4.7% - Industry AVG
Employees
with 14 employees, this is above the industry average (5)
14 - Origin Workspace Ltd
5 - Industry AVG
Pay Structure
on an average salary of £19.9k, the company has an equivalent pay structure (£19.9k)
- Origin Workspace Ltd
£19.9k - Industry AVG
Efficiency
resulting in sales per employee of £34.4k, this is less efficient (£45.3k)
- Origin Workspace Ltd
£45.3k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (18 days)
- Origin Workspace Ltd
18 days - Industry AVG
Creditor Days
its suppliers are paid after 310 days, this is slower than average (47 days)
- Origin Workspace Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Origin Workspace Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (188 weeks)
14 weeks - Origin Workspace Ltd
188 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 220.2%, this is a higher level of debt than the average (25%)
220.2% - Origin Workspace Ltd
25% - Industry AVG
ORIGIN WORKSPACE LTD financials
Origin Workspace Ltd's latest turnover from December 2023 is estimated at £481.6 thousand and the company has net assets of -£1.2 million. According to their latest financial statements, Origin Workspace Ltd has 14 employees and maintains cash reserves of £614.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 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 | 14 | 11 | 6 | 8 | 10 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 301,893 | 373,881 | 518,987 | 706,079 | 756,398 | 17,680 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 301,893 | 373,881 | 518,987 | 706,079 | 756,398 | 17,680 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 15,832 | 21,659 | 16,838 | 132,979 | 11,713 | 60 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 25 |
| Misc Debtors | 46,557 | 35,968 | 126,824 | 8,067 | 36,333 | 11,131 |
| Cash | 614,572 | 664,951 | 366,219 | 71,617 | 77,580 | 124,090 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 676,961 | 722,578 | 509,881 | 212,663 | 125,626 | 135,306 |
| total assets | 978,854 | 1,096,459 | 1,028,868 | 918,742 | 882,024 | 152,986 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 8,823 | 4,724 | 0 | 0 |
| Trade Creditors | 109,101 | 69,456 | 35,597 | 304,050 | 175,182 | 19,202 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 700,063 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 45,027 | 180,106 | 180,106 | 0 | 0 |
| other current liabilities | 2,020,727 | 2,318,439 | 2,418,616 | 1,564,033 | 1,183,143 | 53,358 |
| total current liabilities | 2,139,828 | 2,442,922 | 2,643,142 | 2,052,913 | 1,358,325 | 772,623 |
| loans | 15,784 | 25,650 | 36,177 | 45,276 | 700,000 | 0 |
| hp & lease commitments | 0 | 0 | 28,546 | 208,653 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 200,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,784 | 25,650 | 64,723 | 453,929 | 700,000 | 0 |
| total liabilities | 2,155,612 | 2,468,572 | 2,707,865 | 2,506,842 | 2,058,325 | 772,623 |
| net assets | -1,176,758 | -1,372,113 | -1,678,997 | -1,588,100 | -1,176,301 | -619,637 |
| total shareholders funds | -1,176,758 | -1,372,113 | -1,678,997 | -1,588,100 | -1,176,301 | -619,637 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 164,342 | 181,220 | 194,462 | 195,982 | 82,065 | 6,430 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 4,762 | -86,035 | 2,616 | 93,000 | 36,830 | 11,216 |
| Creditors | 39,645 | 33,859 | -268,453 | 128,868 | 155,980 | 19,202 |
| Accruals and Deferred Income | -297,712 | -100,177 | 854,583 | 380,890 | 1,129,785 | 53,358 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 1,177 | 4,099 | 4,724 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -700,063 | 700,063 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,866 | -10,527 | -9,099 | -654,724 | 700,000 | 0 |
| Hire Purchase and Lease Commitments | -45,027 | -163,625 | -180,107 | 388,759 | 0 | 0 |
| other long term liabilities | 0 | 0 | -200,000 | 200,000 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -50,379 | 298,732 | 294,602 | -5,963 | -46,510 | 124,090 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -50,379 | 298,732 | 294,602 | -5,963 | -46,510 | 124,090 |
origin workspace ltd Credit Report and Business Information
Origin Workspace Ltd Competitor Analysis
Perform a competitor analysis for origin workspace ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in BS8 area or any other competitors across 12 key performance metrics.
origin workspace ltd Ownership
ORIGIN WORKSPACE LTD group structure
Origin Workspace Ltd has no subsidiary companies.
Ultimate parent company
ORIGIN WORKSPACE LTD
10976655
origin workspace ltd directors
Origin Workspace Ltd currently has 3 directors. The longest serving directors include Mrs Heather Frankham (Sep 2017) and Mr Robert Hingston (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Heather Frankham | England | 56 years | Sep 2017 | - | Director |
| Mr Robert Hingston | United Kingdom | 58 years | Nov 2017 | - | Director |
| Mr David Foster | 63 years | Nov 2017 | - | Director |
P&L
December 2023turnover
481.6k
+3%
operating profit
230.3k
0%
gross margin
73.4%
+0.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.2m
-0.14%
total assets
978.9k
-0.11%
cash
614.6k
-0.08%
net assets
Total assets minus all liabilities
Similar Companies
origin workspace ltd company details
company number
10976655
Type
Private limited with Share Capital
industry
96040 - Physical well-being activities
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
40 berkeley square, bristol, BS8 1HP
Bank
-
Legal Advisor
-
origin workspace ltd 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 origin workspace ltd.
origin workspace ltd 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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origin workspace ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
