workfones limited
workfones limited Company Information
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
suite 4, stanmore towers, 8-14 church road, stanmore, middlesex, HA7 4AW
Website
-workfones limited Estimated Valuation
Pomanda estimates the enterprise value of WORKFONES LIMITED at £16.1k based on a Turnover of £27.4k and 0.59x industry multiple (adjusted for size and gross margin).
workfones limited Estimated Valuation
Pomanda estimates the enterprise value of WORKFONES LIMITED at £0 based on an EBITDA of £-7.1k and a 2.48x industry multiple (adjusted for size and gross margin).
workfones limited Estimated Valuation
Pomanda estimates the enterprise value of WORKFONES LIMITED at £4.4k based on Net Assets of £1.8k and 2.41x industry multiple (adjusted for liquidity).
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Workfones Limited Overview
Workfones Limited is a live company located in stanmore, HA7 4AW with a Companies House number of 11722303. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in December 2018, it's largest shareholder is barry kaye with a 100% stake. Workfones Limited is a young, micro sized company, Pomanda has estimated its turnover at £27.4k with declining growth in recent years.
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Workfones Limited Health Check
Pomanda's financial health check has awarded Workfones Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £27.4k, make it smaller than the average company (£14.1m)
- Workfones Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -57%, show it is growing at a slower rate (4.5%)
- Workfones Limited
4.5% - Industry AVG
Production
with a gross margin of 18.9%, this company has a higher cost of product (39%)
- Workfones Limited
39% - Industry AVG
Profitability
an operating margin of -25.9% make it less profitable than the average company (4.2%)
- Workfones Limited
4.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (54)
- Workfones Limited
54 - Industry AVG
Pay Structure
on an average salary of £66.3k, the company has an equivalent pay structure (£66.3k)
- Workfones Limited
£66.3k - Industry AVG
Efficiency
resulting in sales per employee of £27.4k, this is less efficient (£239.5k)
- Workfones Limited
£239.5k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (40 days)
- Workfones Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (43 days)
- Workfones Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Workfones Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Workfones Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.2%, this is a higher level of debt than the average (65.7%)
75.2% - Workfones Limited
65.7% - Industry AVG
WORKFONES LIMITED financials
Workfones Limited's latest turnover from December 2023 is estimated at £27.4 thousand and the company has net assets of £1.8 thousand. According to their latest financial statements, we estimate that Workfones Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 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 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 520 | 353 | 444 | 1,975 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 520 | 353 | 444 | 1,975 | |
| Stock & work in progress | |||||
| Trade Debtors | 6,836 | 15,976 | 81,110 | 98,975 | 23,656 |
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | |||||
| misc current assets | |||||
| total current assets | 6,836 | 15,976 | 81,110 | 98,975 | 23,656 |
| total assets | 7,356 | 16,329 | 81,554 | 100,950 | 23,656 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 4,710 | 6,608 | 156 | 6,850 | 9,452 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 4,710 | 6,608 | 156 | 6,850 | 9,452 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 825 | 800 | 650 | 1,250 | 375 |
| other liabilities | 44,167 | 50,000 | |||
| provisions | |||||
| total long term liabilities | 825 | 800 | 44,817 | 51,250 | 375 |
| total liabilities | 5,535 | 7,408 | 44,973 | 58,100 | 9,827 |
| net assets | 1,821 | 8,921 | 36,581 | 42,850 | 13,829 |
| total shareholders funds | 1,821 | 8,921 | 36,581 | 42,850 | 13,829 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | -9,140 | -65,134 | -17,865 | 75,319 | 23,656 |
| Creditors | -1,898 | 6,452 | -6,694 | -2,602 | 9,452 |
| Accruals and Deferred Income | 25 | 150 | -600 | 875 | 375 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| 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 | |||||
| other long term liabilities | -44,167 | -5,833 | 50,000 | ||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | |||||
| overdraft | |||||
| change in cash |
workfones limited Credit Report and Business Information
Workfones Limited Competitor Analysis
Perform a competitor analysis for workfones limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in HA7 area or any other competitors across 12 key performance metrics.
workfones limited Ownership
WORKFONES LIMITED group structure
Workfones Limited has no subsidiary companies.
Ultimate parent company
WORKFONES LIMITED
11722303
workfones limited directors
Workfones Limited currently has 1 director, Mr Barry Kaye serving since Jan 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Kaye | England | 54 years | Jan 2020 | - | Director |
P&L
December 2023turnover
27.4k
-52%
operating profit
-7.1k
0%
gross margin
18.9%
-1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.8k
-0.8%
total assets
7.4k
-0.55%
cash
0
0%
net assets
Total assets minus all liabilities
workfones limited company details
company number
11722303
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
December 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
work fone systems ltd (January 2020)
accountant
-
auditor
-
address
suite 4, stanmore towers, 8-14 church road, stanmore, middlesex, HA7 4AW
Bank
-
Legal Advisor
-
workfones 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 did not find charges/mortgages relating to workfones limited.
workfones 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 WORKFONES LIMITED. This can take several minutes, an email will notify you when this has completed.
workfones limited Companies House Filings - See Documents
| date | description | view/download |
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