smartsourcing group limited
smartsourcing group limited Company Information
Company Number
12195761
Next Accounts
Sep 2025
Industry
Non-trading company
Shareholders
anthony martin
linda martin
View AllGroup Structure
View All
Contact
Registered Address
tanglewood 90-92 vicarage hill, south benfleet, SS7 1PE
Website
-smartsourcing group limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTSOURCING GROUP LIMITED at £12.2m based on a Turnover of £24.1m and 0.51x industry multiple (adjusted for size and gross margin).
smartsourcing group limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTSOURCING GROUP LIMITED at £2.7m based on an EBITDA of £278k and a 9.64x industry multiple (adjusted for size and gross margin).
smartsourcing group limited Estimated Valuation
Pomanda estimates the enterprise value of SMARTSOURCING GROUP LIMITED at £1.5m based on Net Assets of £1.4m and 1.13x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Smartsourcing Group Limited Overview
Smartsourcing Group Limited is a live company located in south benfleet, SS7 1PE with a Companies House number of 12195761. It operates in the non-trading company sector, SIC Code 74990. Founded in September 2019, it's largest shareholder is anthony martin with a 16.7% stake. Smartsourcing Group Limited is a young, large sized company, Pomanda has estimated its turnover at £24.1m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Smartsourcing Group Limited Health Check
Pomanda's financial health check has awarded Smartsourcing Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £24.1m, make it larger than the average company (£3.8m)
£24.1m - Smartsourcing Group Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.8%)
1% - Smartsourcing Group Limited
5.8% - Industry AVG
Production
with a gross margin of 8.1%, this company has a higher cost of product (36.1%)
8.1% - Smartsourcing Group Limited
36.1% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (5.1%)
0% - Smartsourcing Group Limited
5.1% - Industry AVG
Employees
with 27 employees, this is below the industry average (41)
27 - Smartsourcing Group Limited
41 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has a higher pay structure (£41.8k)
£51.5k - Smartsourcing Group Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £891.9k, this is more efficient (£153.8k)
£891.9k - Smartsourcing Group Limited
£153.8k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (40 days)
39 days - Smartsourcing Group Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (40 days)
28 days - Smartsourcing Group Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smartsourcing Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (35 weeks)
3 weeks - Smartsourcing Group Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71%, this is a higher level of debt than the average (47.1%)
71% - Smartsourcing Group Limited
47.1% - Industry AVG
SMARTSOURCING GROUP LIMITED financials
Smartsourcing Group Limited's latest turnover from December 2023 is £24.1 million and the company has net assets of £1.4 million. According to their latest financial statements, Smartsourcing Group Limited has 27 employees and maintains cash reserves of £159.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 24,080,364 | 24,695,572 | 29,965,792 | 23,692,970 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 22,125,979 | 22,270,395 | 26,976,206 | 21,507,771 |
| Gross Profit | 1,954,385 | 2,425,177 | 2,989,586 | 2,185,199 |
| Admin Expenses | 1,964,990 | 2,091,374 | 2,117,578 | 1,559,845 |
| Operating Profit | -10,605 | 333,803 | 872,008 | 625,354 |
| Interest Payable | 173,258 | 184,283 | 144,193 | 136,744 |
| Interest Receivable | 152 | 0 | 0 | 213 |
| Pre-Tax Profit | -183,711 | 149,520 | 727,815 | 488,823 |
| Tax | -59,074 | -111,000 | -211,617 | -186,513 |
| Profit After Tax | -242,785 | 38,520 | 516,198 | 302,310 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -242,785 | 38,520 | 516,198 | 302,310 |
| Employee Costs | 1,389,306 | 1,501,751 | 1,498,970 | 1,160,653 |
| Number Of Employees | 27 | 28 | 26 | 25 |
| EBITDA* | 278,031 | 622,166 | 1,160,736 | 863,084 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 7,111 | 7,520 | 4,019 | 6,439 |
| Intangible Assets | 1,758,522 | 2,043,183 | 2,327,844 | 2,612,505 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,765,633 | 2,050,703 | 2,331,863 | 2,618,944 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,620,840 | 2,961,436 | 2,644,463 | 4,050,049 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 120,042 | 32,132 | 36,975 | 49,149 |
| Cash | 159,562 | 64,047 | 1,224,387 | 142,065 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,900,444 | 3,057,615 | 3,905,825 | 4,241,263 |
| total assets | 4,666,077 | 5,108,318 | 6,237,688 | 6,860,207 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 340,008 |
| Trade Creditors | 1,716,624 | 1,403,857 | 1,681,692 | 1,786,161 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 519,274 | 129,280 | 28,399 | 8,834 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 261,160 | 479,955 | 683,032 | 698,593 |
| total current liabilities | 2,497,058 | 2,013,092 | 2,393,123 | 2,833,596 |
| loans | 817,606 | 1,447,258 | 2,259,867 | 3,007,531 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 817,606 | 1,447,258 | 2,259,867 | 3,007,531 |
| total liabilities | 3,314,664 | 3,460,350 | 4,652,990 | 5,841,127 |
| net assets | 1,351,413 | 1,647,968 | 1,584,698 | 1,019,080 |
| total shareholders funds | 1,351,413 | 1,647,968 | 1,584,698 | 1,019,080 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -10,605 | 333,803 | 872,008 | 625,354 |
| Depreciation | 3,975 | 3,702 | 4,067 | 3,623 |
| Amortisation | 284,661 | 284,661 | 284,661 | 234,107 |
| Tax | -59,074 | -111,000 | -211,617 | -186,513 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -252,686 | 312,130 | -1,417,760 | 4,099,198 |
| Creditors | 312,767 | -277,835 | -104,469 | 1,786,161 |
| Accruals and Deferred Income | -218,795 | -203,077 | -15,561 | 698,593 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 565,615 | -281,876 | 2,246,849 | -937,873 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 0 | 0 | -340,008 | 340,008 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 389,994 | 100,881 | 19,565 | 8,834 |
| Long term loans | -629,652 | -812,609 | -747,664 | 3,007,531 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -173,106 | -184,283 | -144,193 | -136,531 |
| cash flow from financing | -466,534 | -871,261 | -1,162,880 | 3,936,612 |
| cash and cash equivalents | ||||
| cash | 95,515 | -1,160,340 | 1,082,322 | 142,065 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 95,515 | -1,160,340 | 1,082,322 | 142,065 |
smartsourcing group limited Credit Report and Business Information
Smartsourcing Group Limited Competitor Analysis
Perform a competitor analysis for smartsourcing group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in SS7 area or any other competitors across 12 key performance metrics.
smartsourcing group limited Ownership
SMARTSOURCING GROUP LIMITED group structure
Smartsourcing Group Limited has 1 subsidiary company.
Ultimate parent company
SMARTSOURCING GROUP LIMITED
12195761
1 subsidiary
smartsourcing group limited directors
Smartsourcing Group Limited currently has 2 directors. The longest serving directors include Mr Anthony Martin (Nov 2019) and Ms Judith Hall (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Martin | England | 76 years | Nov 2019 | - | Director |
| Ms Judith Hall | England | 59 years | Mar 2020 | - | Director |
P&L
December 2023turnover
24.1m
-2%
operating profit
-10.6k
-103%
gross margin
8.2%
-17.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4m
-0.18%
total assets
4.7m
-0.09%
cash
159.6k
+1.49%
net assets
Total assets minus all liabilities
smartsourcing group limited company details
company number
12195761
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
September 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
ensco 1352 limited (November 2019)
accountant
-
auditor
GOLDWYNS LIMITED
address
tanglewood 90-92 vicarage hill, south benfleet, SS7 1PE
Bank
-
Legal Advisor
-
smartsourcing group 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 1 charges/mortgages relating to smartsourcing group limited. Currently there are 1 open charges and 0 have been satisfied in the past.
smartsourcing group 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 SMARTSOURCING GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
smartsourcing group limited Companies House Filings - See Documents
| date | description | view/download |
|---|
