smart temporary solutions ltd
smart temporary solutions ltd Company Information
Company Number
11310392
Website
smarttemps.co.ukRegistered Address
the old foundry cowgate, welton, east yorkshire, HU15 1NB
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Temporary employment agency activities
Telephone
01482661499
Next Accounts Due
September 2025
Group Structure
View All
Directors
David Kitney6 Years
Shareholders
david richard kitney 85%
svetlana grisina 15%
smart temporary solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of SMART TEMPORARY SOLUTIONS LTD at £156.4k based on a Turnover of £990.5k and 0.16x industry multiple (adjusted for size and gross margin).
smart temporary solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of SMART TEMPORARY SOLUTIONS LTD at £35.6k based on an EBITDA of £12.4k and a 2.86x industry multiple (adjusted for size and gross margin).
smart temporary solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of SMART TEMPORARY SOLUTIONS LTD at £241.5k based on Net Assets of £147.4k and 1.64x industry multiple (adjusted for liquidity).
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Smart Temporary Solutions Ltd Overview
Smart Temporary Solutions Ltd is a live company located in east yorkshire, HU15 1NB with a Companies House number of 11310392. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in April 2018, it's largest shareholder is david richard kitney with a 85% stake. Smart Temporary Solutions Ltd is a young, small sized company, Pomanda has estimated its turnover at £990.5k with declining growth in recent years.
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Smart Temporary Solutions Ltd Health Check
Pomanda's financial health check has awarded Smart Temporary Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £990.5k, make it smaller than the average company (£13.4m)
- Smart Temporary Solutions Ltd
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.2%)
- Smart Temporary Solutions Ltd
6.2% - Industry AVG
Production
with a gross margin of 21.7%, this company has a comparable cost of product (21.7%)
- Smart Temporary Solutions Ltd
21.7% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (3.2%)
- Smart Temporary Solutions Ltd
3.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (49)
5 - Smart Temporary Solutions Ltd
49 - Industry AVG
Pay Structure
on an average salary of £54.8k, the company has an equivalent pay structure (£54.8k)
- Smart Temporary Solutions Ltd
£54.8k - Industry AVG
Efficiency
resulting in sales per employee of £198.1k, this is equally as efficient (£231k)
- Smart Temporary Solutions Ltd
£231k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (45 days)
- Smart Temporary Solutions Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is slower than average (6 days)
- Smart Temporary Solutions Ltd
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Smart Temporary Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (7 weeks)
38 weeks - Smart Temporary Solutions Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.5%, this is a lower level of debt than the average (69.7%)
48.5% - Smart Temporary Solutions Ltd
69.7% - Industry AVG
SMART TEMPORARY SOLUTIONS LTD financials
Smart Temporary Solutions Ltd's latest turnover from December 2023 is estimated at £990.5 thousand and the company has net assets of £147.4 thousand. According to their latest financial statements, Smart Temporary Solutions Ltd has 5 employees and maintains cash reserves of £102 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| 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 | 5 | 5 | 3 | 16 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 17,759 | 25,518 | 9,274 | 0 | 0 | 0 |
| Intangible Assets | 2,453 | 3,373 | 4,293 | 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 | 20,212 | 28,891 | 13,567 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 131,358 | 81,537 | 95,799 | 52,276 | 100 | 0 |
| Group Debtors | 0 | 0 | 1,946 | 0 | 0 | 0 |
| Misc Debtors | 32,630 | 31,727 | 13,624 | 11,150 | 0 | 0 |
| Cash | 101,976 | 195,547 | 159,326 | 4,494 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 265,964 | 308,811 | 270,695 | 67,920 | 100 | 0 |
| total assets | 286,176 | 337,702 | 284,262 | 67,920 | 100 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,231 | 11,936 | 20,236 | 9,761 | 0 | 0 |
| Group/Directors Accounts | 0 | 5,028 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 120,540 | 178,286 | 170,250 | 71,300 | 0 | 0 |
| total current liabilities | 137,771 | 195,250 | 190,486 | 81,061 | 0 | 0 |
| 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 | 990 | 2,821 | 1,762 | 0 | 0 | 0 |
| total long term liabilities | 990 | 2,821 | 1,762 | 0 | 0 | 0 |
| total liabilities | 138,761 | 198,071 | 192,248 | 81,061 | 0 | 0 |
| net assets | 147,415 | 139,631 | 92,014 | -13,141 | 100 | 0 |
| total shareholders funds | 147,415 | 139,631 | 92,014 | -13,141 | 100 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 8,579 | 8,020 | 0 | 0 | 0 | 0 |
| Amortisation | 920 | 920 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 50,724 | 1,895 | 47,943 | 63,426 | 100 | 0 |
| Creditors | 5,295 | -8,300 | 10,475 | 9,761 | 0 | 0 |
| Accruals and Deferred Income | -57,746 | 8,036 | 98,950 | 71,300 | 0 | 0 |
| Deferred Taxes & Provisions | -1,831 | 1,059 | 1,762 | 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 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -5,028 | 5,028 | 0 | 0 | 0 | 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 | -93,571 | 36,221 | 154,832 | 4,494 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -93,571 | 36,221 | 154,832 | 4,494 | 0 | 0 |
smart temporary solutions ltd Credit Report and Business Information
Smart Temporary Solutions Ltd Competitor Analysis
Perform a competitor analysis for smart temporary solutions ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HU15 area or any other competitors across 12 key performance metrics.
smart temporary solutions ltd Ownership
SMART TEMPORARY SOLUTIONS LTD group structure
Smart Temporary Solutions Ltd has no subsidiary companies.
Ultimate parent company
SMART TEMPORARY SOLUTIONS LTD
11310392
smart temporary solutions ltd directors
Smart Temporary Solutions Ltd currently has 1 director, Mr David Kitney serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Kitney | United Kingdom | 47 years | Apr 2018 | - | Director |
P&L
December 2023turnover
990.5k
+43%
operating profit
2.9k
0%
gross margin
21.8%
-2.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
147.4k
+0.06%
total assets
286.2k
-0.15%
cash
102k
-0.48%
net assets
Total assets minus all liabilities
Similar Companies
smart temporary solutions ltd company details
company number
11310392
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
78200 - Temporary employment agency activities
incorporation date
April 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
kittle hr ltd (June 2020)
accountant
SMAILES GOLDIE
auditor
-
address
the old foundry cowgate, welton, east yorkshire, HU15 1NB
Bank
-
Legal Advisor
-
smart temporary solutions 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 found 1 charges/mortgages relating to smart temporary solutions ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
smart temporary solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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