method resourcing solutions limited
method resourcing solutions limited Company Information
Company Number
11384930
Next Accounts
7 days late
Shareholders
sanderson solutions group plc
thomas hurley
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
first floor, clifton down house, 54a whiteladies road, bristol, BS8 2NH
Website
www.methodresourcing.co.ukmethod resourcing solutions limited Estimated Valuation
Pomanda estimates the enterprise value of METHOD RESOURCING SOLUTIONS LIMITED at £264.3k based on a Turnover of £2.1m and 0.13x industry multiple (adjusted for size and gross margin).
method resourcing solutions limited Estimated Valuation
Pomanda estimates the enterprise value of METHOD RESOURCING SOLUTIONS LIMITED at £584.2k based on an EBITDA of £257.6k and a 2.27x industry multiple (adjusted for size and gross margin).
method resourcing solutions limited Estimated Valuation
Pomanda estimates the enterprise value of METHOD RESOURCING SOLUTIONS LIMITED at £1.4m based on Net Assets of £1.1m and 1.28x industry multiple (adjusted for liquidity).
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Method Resourcing Solutions Limited Overview
Method Resourcing Solutions Limited is a live company located in bristol, BS8 2NH with a Companies House number of 11384930. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in May 2018, it's largest shareholder is sanderson solutions group plc with a 55% stake. Method Resourcing Solutions Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.
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Method Resourcing Solutions Limited Health Check
Pomanda's financial health check has awarded Method Resourcing Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£7.2m)
- Method Resourcing Solutions Limited
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.3%)
- Method Resourcing Solutions Limited
4.3% - Industry AVG
Production
with a gross margin of 13.8%, this company has a higher cost of product (25.5%)
- Method Resourcing Solutions Limited
25.5% - Industry AVG
Profitability
an operating margin of 12.3% make it more profitable than the average company (4.6%)
- Method Resourcing Solutions Limited
4.6% - Industry AVG
Employees
with 18 employees, this is below the industry average (38)
18 - Method Resourcing Solutions Limited
38 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has an equivalent pay structure (£51.5k)
- Method Resourcing Solutions Limited
£51.5k - Industry AVG
Efficiency
resulting in sales per employee of £114.6k, this is less efficient (£167.5k)
- Method Resourcing Solutions Limited
£167.5k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (46 days)
- Method Resourcing Solutions Limited
46 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Method Resourcing Solutions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Method Resourcing Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (15 weeks)
73 weeks - Method Resourcing Solutions Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39%, this is a lower level of debt than the average (66.3%)
39% - Method Resourcing Solutions Limited
66.3% - Industry AVG
METHOD RESOURCING SOLUTIONS LIMITED financials
Method Resourcing Solutions Limited's latest turnover from June 2023 is estimated at £2.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Method Resourcing Solutions Limited has 18 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Turnover | 1,638,000 | 1,105,000 | |||
| Other Income Or Grants | |||||
| Cost Of Sales | 994,000 | 636,000 | |||
| Gross Profit | 644,000 | 469,000 | |||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | 1,000 | ||||
| Interest Receivable | |||||
| Pre-Tax Profit | 119,000 | 149,000 | |||
| Tax | -22,000 | -29,000 | |||
| Profit After Tax | 97,000 | 120,000 | |||
| Dividends Paid | |||||
| Retained Profit | 97,000 | 120,000 | |||
| Employee Costs | 277,000 | 275,000 | |||
| Number Of Employees | 18 | 17 | 9 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 7,000 | 9,000 | 4,000 | 9,000 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 7,000 | 9,000 | 4,000 | 9,000 | |
| Stock & work in progress | |||||
| Trade Debtors | 463,000 | 986,000 | 641,000 | 183,000 | 164,000 |
| Group Debtors | 7,000 | 285,000 | 125,000 | 12,000 | |
| Misc Debtors | 365,000 | 665,000 | 447,000 | 173,000 | 11,000 |
| Cash | 1,018,000 | 480,000 | 369,000 | 160,000 | 199,000 |
| misc current assets | |||||
| total current assets | 1,853,000 | 2,416,000 | 1,582,000 | 528,000 | 374,000 |
| total assets | 1,860,000 | 2,425,000 | 1,586,000 | 537,000 | 374,000 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 2,000 | 5,000 | 31,000 | ||
| Group/Directors Accounts | 209,000 | 673,000 | 331,000 | 136,000 | 80,000 |
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 516,000 | 835,000 | 695,000 | 177,000 | 143,000 |
| total current liabilities | 725,000 | 1,508,000 | 1,028,000 | 318,000 | 254,000 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 1,000 | 2,000 | 1,000 | ||
| total long term liabilities | 1,000 | 2,000 | 1,000 | ||
| total liabilities | 726,000 | 1,510,000 | 1,029,000 | 318,000 | 254,000 |
| net assets | 1,134,000 | 915,000 | 557,000 | 219,000 | 120,000 |
| total shareholders funds | 1,134,000 | 915,000 | 557,000 | 219,000 | 120,000 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 3,000 | 9,000 | 5,000 | ||
| Amortisation | |||||
| Tax | -22,000 | -29,000 | |||
| Stock | |||||
| Debtors | -1,101,000 | 723,000 | 845,000 | 193,000 | 175,000 |
| Creditors | -2,000 | -3,000 | -26,000 | 31,000 | |
| Accruals and Deferred Income | -319,000 | 140,000 | 518,000 | 34,000 | 143,000 |
| Deferred Taxes & Provisions | -1,000 | 1,000 | 1,000 | ||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | -464,000 | 342,000 | 195,000 | 56,000 | 80,000 |
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | -1,000 | ||||
| cash flow from financing | 57,000 | 80,000 | |||
| cash and cash equivalents | |||||
| cash | 538,000 | 111,000 | 209,000 | -39,000 | 199,000 |
| overdraft | |||||
| change in cash | 538,000 | 111,000 | 209,000 | -39,000 | 199,000 |
method resourcing solutions limited Credit Report and Business Information
Method Resourcing Solutions Limited Competitor Analysis
Perform a competitor analysis for method resourcing solutions limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BS8 area or any other competitors across 12 key performance metrics.
method resourcing solutions limited Ownership
METHOD RESOURCING SOLUTIONS LIMITED group structure
Method Resourcing Solutions Limited has no subsidiary companies.
Ultimate parent company
1 parent
METHOD RESOURCING SOLUTIONS LIMITED
11384930
method resourcing solutions limited directors
Method Resourcing Solutions Limited currently has 3 directors. The longest serving directors include Mr Oliver Dawe (May 2018) and Mr Thomas Hurley (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oliver Dawe | England | 52 years | May 2018 | - | Director |
| Mr Thomas Hurley | United Kingdom | 40 years | May 2018 | - | Director |
| Mr Jonathan Ball | England | 49 years | Sep 2018 | - | Director |
P&L
June 2023turnover
2.1m
-46%
operating profit
254.6k
0%
gross margin
13.8%
+0.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.1m
+0.24%
total assets
1.9m
-0.23%
cash
1m
+1.12%
net assets
Total assets minus all liabilities
method resourcing solutions limited company details
company number
11384930
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.
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
N/A
accountant
FRANCIS CLARK LLP
auditor
-
address
first floor, clifton down house, 54a whiteladies road, bristol, BS8 2NH
Bank
-
Legal Advisor
-
method resourcing solutions 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 2 charges/mortgages relating to method resourcing solutions limited. Currently there are 2 open charges and 0 have been satisfied in the past.
method resourcing solutions 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 METHOD RESOURCING SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
method resourcing solutions limited Companies House Filings - See Documents
| date | description | view/download |
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