c6 works ltd

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c6 works ltd Company Information

Share C6 WORKS LTD

Company Number

11570271

Shareholders

vibration group limited

watchwell holdings limited

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

30 water street, canary wharf, london, E14 5GX

Website

-

c6 works ltd Estimated Valuation

£446.5k

Pomanda estimates the enterprise value of C6 WORKS LTD at £446.5k based on a Turnover of £800.5k and 0.56x industry multiple (adjusted for size and gross margin).

c6 works ltd Estimated Valuation

£6m

Pomanda estimates the enterprise value of C6 WORKS LTD at £6m based on an EBITDA of £1.5m and a 4.08x industry multiple (adjusted for size and gross margin).

c6 works ltd Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of C6 WORKS LTD at £1.6m based on Net Assets of £747k and 2.13x industry multiple (adjusted for liquidity).

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C6 Works Ltd Overview

C6 Works Ltd is a live company located in london, E14 5GX with a Companies House number of 11570271. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2018, it's largest shareholder is vibration group limited with a 51% stake. C6 Works Ltd is a young, small sized company, Pomanda has estimated its turnover at £800.5k with high growth in recent years.

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C6 Works Ltd Health Check

Pomanda's financial health check has awarded C6 Works Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £800.5k, make it smaller than the average company (£3.7m)

£800.5k - C6 Works Ltd

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (8.2%)

19% - C6 Works Ltd

8.2% - Industry AVG

production

Production

with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)

38.1% - C6 Works Ltd

38.1% - Industry AVG

profitability

Profitability

an operating margin of 124.5% make it more profitable than the average company (5.7%)

124.5% - C6 Works Ltd

5.7% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (22)

5 - C6 Works Ltd

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)

£46.5k - C6 Works Ltd

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £160.1k, this is equally as efficient (£145.9k)

£160.1k - C6 Works Ltd

£145.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 46 days, this is later than average (36 days)

46 days - C6 Works Ltd

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 63 days, this is slower than average (33 days)

63 days - C6 Works Ltd

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - C6 Works Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (26 weeks)

4 weeks - C6 Works Ltd

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38.6%, this is a lower level of debt than the average (58.8%)

38.6% - C6 Works Ltd

58.8% - Industry AVG

C6 WORKS LTD financials

EXPORTms excel logo

C6 Works Ltd's latest turnover from March 2024 is estimated at £800.5 thousand and the company has net assets of £747 thousand. According to their latest financial statements, C6 Works Ltd has 5 employees and maintains cash reserves of £28.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Sep 2022Sep 2021Sep 2020Sep 2019
Turnover800,481719,126474,7801,557,698171,083
Other Income Or Grants
Cost Of Sales495,278445,461299,295968,871107,056
Gross Profit305,203273,665175,485588,82764,027
Admin Expenses-691,348-186,78657,989488,17959,929
Operating Profit996,551460,451117,496100,6484,098
Interest Payable1,2663,5061,449
Interest Receivable7571,23511710717
Pre-Tax Profit996,043458,180116,164100,7564,115
Tax-249,011-87,054-22,071-19,144-782
Profit After Tax747,032371,12694,09381,6123,333
Dividends Paid
Retained Profit747,032371,12694,09381,6123,333
Employee Costs232,571137,413129,09083,85483,048
Number Of Employees53322
EBITDA*1,461,602618,362147,004108,0424,098

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Sep 2022Sep 2021Sep 2020Sep 2019
Tangible Assets1,063,961894,370263,904132,2564,011
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,063,961894,370263,904132,2564,011
Stock & work in progress
Trade Debtors101,448134,76271,334190,04714,534
Group Debtors1,82367,377
Misc Debtors22,62518,15322,538
Cash28,84885,89923,902210,3974,548
misc current assets
total current assets152,921240,637185,151400,44419,082
total assets1,216,8821,135,007449,055532,70023,093
Bank overdraft10,00010,000
Bank loan10,000
Trade Creditors 86,41772,59861,067397,75419,759
Group/Directors Accounts405,34699,403
other short term finances
hp & lease commitments123,97810,20110,201
other current liabilities143,79135,76720,152
total current liabilities364,186533,912200,823397,75419,759
loans12,50027,50037,500
hp & lease commitments66,66123,43031,693
Accruals and Deferred Income
other liabilities50,000
provisions26,502
total long term liabilities105,66350,93069,19350,000
total liabilities469,849584,842270,016447,75419,759
net assets747,033550,165179,03984,9463,334
total shareholders funds747,033550,165179,03984,9463,334
Mar 2024Sep 2022Sep 2021Sep 2020Sep 2019
Operating Activities
Operating Profit996,551460,451117,496100,6484,098
Depreciation465,051157,91129,5087,394
Amortisation
Tax-249,011-87,054-22,071-19,144-782
Stock
Debtors124,073-6,511-28,798175,51314,534
Creditors86,41711,531-336,687377,99519,759
Accruals and Deferred Income143,79115,61520,152
Deferred Taxes & Provisions26,502
Cash flow from operations1,345,228564,965-162,804291,3808,541
Investing Activities
capital expenditure-1,529,012-788,377-161,156-135,639-4,011
Change in Investments
cash flow from investments-1,529,012-788,377-161,156-135,639-4,011
Financing Activities
Bank loans10,000
Group/Directors Accounts305,94399,403
Other Short Term Loans
Long term loans12,500-10,00037,500
Hire Purchase and Lease Commitments190,639-8,26341,894
other long term liabilities-50,00050,000
share issue11
interest-509-2,271-1,33210717
cash flow from financing212,631285,409127,46550,10718
cash and cash equivalents
cash28,84861,997-186,495205,8494,548
overdraft10,000
change in cash28,84861,997-196,495205,8494,548

c6 works ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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C6 Works Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for c6 works ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.

c6 works ltd Ownership

C6 WORKS LTD group structure

C6 Works Ltd has no subsidiary companies.

Ultimate parent company

1 parent

C6 WORKS LTD

11570271

C6 WORKS LTD Shareholders

vibration group limited 51%
watchwell holdings limited 29%
barry lawford 20%

c6 works ltd directors

C6 Works Ltd currently has 4 directors. The longest serving directors include Mr Barry Lawford (Apr 2019) and Mr Keith Montgomery (Jan 2020).

officercountryagestartendrole
Mr Barry LawfordEngland37 years Apr 2019- Director
Mr Keith MontgomeryUnited Kingdom38 years Jan 2020- Director
Mr Edward DriverUnited Kingdom38 years Jan 2020- Director
Mr Simon TraceyUnited Kingdom50 years Feb 2024- Director

P&L

March 2024

turnover

800.5k

0%

operating profit

996.6k

0%

gross margin

38.2%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

747k

0%

total assets

1.2m

0%

cash

28.8k

0%

net assets

Total assets minus all liabilities

c6 works ltd company details

company number

11570271

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 2018

age

7

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

fsc projects ltd (February 2024)

five star crew projects ltd (September 2018)

accountant

-

auditor

-

address

30 water street, canary wharf, london, E14 5GX

Bank

-

Legal Advisor

-

c6 works 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 c6 works ltd.

c6 works 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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c6 works ltd Companies House Filings - See Documents

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