openwork partnership llp
openwork partnership llp Company Information
Company Number
OC312300
Registered Address
c/o julie clarke auckland house, lydiard fields, swindon, SN5 8UB
Industry
Telephone
03456461308
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
-0%
openwork partnership llp Estimated Valuation
Pomanda estimates the enterprise value of OPENWORK PARTNERSHIP LLP at £0 based on a Turnover of £513.9m and 0x industry multiple (adjusted for size and gross margin).
openwork partnership llp Estimated Valuation
Pomanda estimates the enterprise value of OPENWORK PARTNERSHIP LLP at £0 based on an EBITDA of £12.7m and a 0x industry multiple (adjusted for size and gross margin).
openwork partnership llp Estimated Valuation
Pomanda estimates the enterprise value of OPENWORK PARTNERSHIP LLP at £0 based on Net Assets of £268m and 0x industry multiple (adjusted for liquidity).
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Openwork Partnership Llp Overview
Openwork Partnership Llp is a live company located in swindon, SN5 8UB with a Companies House number of OC312300. Founded in March 2005, it's largest shareholder is unknown. Openwork Partnership Llp is a established, mega sized company, Pomanda has estimated its turnover at £513.9m with healthy growth in recent years.
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Openwork Partnership Llp Health Check
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Size
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Growth
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Production
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Profitability
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Employees
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Pay Structure
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Efficiency
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Debtor Days
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Creditor Days
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Stock Days
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Cash Balance
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Debt Level
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OPENWORK PARTNERSHIP LLP financials
Openwork Partnership Llp's latest turnover from December 2023 is £513.9 million and the company has net assets of £268 million. According to their latest financial statements, Openwork Partnership Llp has 736 employees and maintains cash reserves of £108.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 513,918,000 | 526,642,000 | 510,377,000 | 430,318,000 | 421,099,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 399,616,000 | 409,867,000 | 389,238,000 | 319,748,000 | 314,809,000 | ||||||||||
| Gross Profit | 114,302,000 | 116,775,000 | 121,139,000 | 110,570,000 | 106,290,000 | ||||||||||
| Admin Expenses | 118,453,000 | 105,304,000 | 100,465,000 | 87,610,000 | 86,788,000 | ||||||||||
| Operating Profit | -4,151,000 | 11,471,000 | 20,674,000 | 22,960,000 | 19,502,000 | 2,020,094 | -245,976 | -499,951 | -134,973 | -175,974 | -125,448 | -119,771 | -773,181 | -366,691 | -274,235 |
| Interest Payable | 1,443,000 | 537,000 | 1,054,000 | 627,000 | 763,000 | 28,428 | 155,971 | 217,623 | 68,117 | 29,650 | 29,649 | 29,812 | 21,445 | 0 | 0 |
| Interest Receivable | 5,476,000 | 1,448,000 | 1,279,000 | 606,000 | 968,000 | 1,196,087 | 370 | 600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -118,000 | 12,382,000 | 20,899,000 | 22,939,000 | 19,707,000 | 3,187,753 | -401,577 | -716,974 | -203,090 | -175,974 | -125,448 | -119,771 | -773,181 | -366,691 | -274,235 |
| Tax | -2,231,000 | -2,765,000 | -9,910,000 | -5,406,000 | -4,207,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2,349,000 | 9,617,000 | 10,989,000 | 17,533,000 | 15,500,000 | 3,187,753 | -401,577 | -716,974 | -203,090 | -175,974 | -125,448 | -119,771 | -773,181 | -366,691 | -274,235 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,821,000 | 9,145,000 | 10,581,000 | 13,917,000 | 15,103,000 | 2,868,160 | -513,807 | -922,664 | -655,273 | -466,674 | -402,832 | -396,648 | -1,080,946 | -564,793 | -437,140 |
| Employee Costs | 54,212,000 | 50,038,000 | 49,255,000 | 43,193,000 | 40,603,000 | ||||||||||
| Number Of Employees | 736 | 723 | 747 | 656 | 588 | ||||||||||
| EBITDA* | 12,717,000 | 26,386,000 | 32,549,000 | 34,393,000 | 31,908,000 | 2,020,094 | -245,976 | -499,951 | -134,973 | -175,974 | -125,448 | -119,771 | -773,181 | -366,691 | -274,235 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 72,033,000 | 73,505,000 | 88,123,000 | 76,932,000 | 70,465,000 | 6,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 205,484,000 | 222,038,000 | 215,605,000 | 214,884,000 | 212,068,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 |
| Debtors (Due After 1 year) | 0 | 0 | 66,845,000 | 55,349,000 | 48,096,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 277,517,000 | 295,543,000 | 296,542,000 | 287,386,000 | 278,520,000 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 | 6,750 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,365,000 | 2,406,000 | 2,201,000 | 1,814,000 | 2,749,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 44,327,000 | 43,914,000 | 43,258,000 | 47,338,000 | 40,254,000 | 3,288 | 11,092 | 650 | 10,538 | 17,651 | 600 | 116,247 | 254,139 | 588 | 588 |
| Cash | 108,868,000 | 95,566,000 | 92,962,000 | 83,608,000 | 98,785,000 | 1,308,708 | 813,126 | 290,555 | 112,678 | 96,948 | 64,145 | 16,629 | 2,725 | 176,630 | 5,464 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 157,873,000 | 142,598,000 | 138,421,000 | 132,760,000 | 141,788,000 | 1,311,996 | 824,218 | 291,205 | 123,216 | 114,599 | 64,745 | 132,876 | 256,864 | 177,218 | 6,052 |
| total assets | 435,390,000 | 438,141,000 | 434,963,000 | 420,146,000 | 420,308,000 | 1,318,746 | 830,968 | 297,955 | 129,966 | 121,349 | 71,495 | 139,626 | 263,614 | 183,968 | 12,802 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,053,000 | 22,219,000 | 20,538,000 | 14,395,000 | 12,102,000 | 0 | 0 | 0 | 400 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 77,480 | 454,463 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 4,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 491,000 | 942,000 | 1,457,000 | 1,372,000 | 1,283,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 60,617,000 | 58,456,000 | 59,838,000 | 67,567,000 | 83,225,000 | 164,239 | 267,028 | 273,047 | 224,495 | 204,087 | 406,269 | 350,288 | 410,541 | 178,946 | 153,478 |
| total current liabilities | 89,161,000 | 83,617,000 | 81,833,000 | 83,334,000 | 96,610,000 | 164,239 | 344,508 | 727,510 | 239,895 | 204,087 | 406,269 | 350,288 | 410,541 | 178,946 | 153,478 |
| loans | 6,432,000 | 5,316,000 | 5,656,000 | 8,396,000 | 11,142,000 | 0 | 1,304,288 | 1,610,207 | 1,943,061 | 2,119,250 | 1,862,250 | 1,692,250 | 1,476,250 | 807,250 | 250,000 |
| hp & lease commitments | 3,216,000 | 2,658,000 | 2,828,000 | 4,198,000 | 5,571,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 31,869,000 | 31,656,000 | 33,286,000 | 27,508,000 | 23,971,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 86,268,000 | 88,020,000 | 93,286,000 | 85,696,000 | 92,856,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 78,219,000 | 78,324,000 | 82,757,000 | 74,554,000 | 75,970,000 | 0 | 1,304,288 | 1,610,207 | 1,943,061 | 2,119,250 | 1,862,250 | 1,692,250 | 1,476,250 | 807,250 | 250,000 |
| total liabilities | 167,380,000 | 161,941,000 | 164,590,000 | 157,888,000 | 172,580,000 | 164,239 | 1,648,796 | 2,337,717 | 2,182,956 | 2,323,337 | 2,268,519 | 2,042,538 | 1,886,791 | 986,196 | 403,478 |
| net assets | 268,010,000 | 276,200,000 | 270,373,000 | 262,258,000 | 247,728,000 | 1,154,507 | -817,828 | -2,039,762 | -2,052,990 | -2,201,988 | -2,197,024 | -1,902,912 | -1,623,177 | -802,228 | -390,676 |
| total shareholders funds | 268,010,000 | 276,200,000 | 270,373,000 | 262,258,000 | 247,728,000 | 1,154,507 | -817,828 | -2,039,762 | -2,052,990 | -2,201,988 | -2,197,024 | -1,902,912 | -1,623,177 | -802,228 | -390,676 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -4,151,000 | 11,471,000 | 20,674,000 | 22,960,000 | 19,502,000 | 2,020,094 | -245,976 | -499,951 | -134,973 | -175,974 | -125,448 | -119,771 | -773,181 | -366,691 | -274,235 |
| Depreciation | 2,329,000 | 2,272,000 | 2,346,000 | 2,439,000 | 2,108,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 14,539,000 | 12,643,000 | 9,529,000 | 8,994,000 | 10,298,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,231,000 | -2,765,000 | -9,910,000 | -5,406,000 | -4,207,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 372,000 | -65,984,000 | 7,803,000 | 13,402,000 | 91,095,712 | -7,804 | 10,442 | -9,888 | -7,113 | 17,051 | -115,647 | -137,892 | 253,551 | 0 | 588 |
| Creditors | 1,834,000 | 1,681,000 | 6,143,000 | 2,293,000 | 12,102,000 | 0 | 0 | -400 | 400 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,374,000 | -3,012,000 | -1,951,000 | -12,121,000 | 107,031,761 | -102,789 | -6,019 | 48,552 | 20,408 | -202,182 | 55,981 | -60,253 | 231,595 | 25,468 | 153,478 |
| Deferred Taxes & Provisions | -1,752,000 | -5,266,000 | 7,590,000 | -7,160,000 | 92,856,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 12,570,000 | 83,008,000 | 26,618,000 | -1,403,000 | 148,595,049 | 1,925,109 | -262,437 | -441,911 | -107,052 | -395,207 | 46,180 | -42,132 | -795,137 | -341,223 | -121,345 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -6,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,750 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -77,480 | -376,983 | 439,463 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,116,000 | -340,000 | -2,740,000 | -2,746,000 | 11,142,000 | -1,304,288 | -305,919 | -332,854 | -176,189 | 257,000 | 170,000 | 216,000 | 669,000 | 557,250 | 250,000 |
| Hire Purchase and Lease Commitments | 107,000 | -685,000 | -1,285,000 | -1,284,000 | 6,854,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 4,033,000 | 911,000 | 225,000 | -21,000 | 205,000 | 1,167,659 | -155,601 | -217,023 | -68,117 | -29,650 | -29,649 | -29,812 | -21,445 | 0 | 0 |
| cash flow from financing | 1,887,000 | -1,432,000 | -6,266,000 | -3,438,000 | 249,671,493 | -1,109,934 | 897,238 | 825,478 | 574,965 | 689,060 | 249,071 | 303,101 | 907,552 | 710,491 | 296,464 |
| cash and cash equivalents | |||||||||||||||
| cash | 13,302,000 | 2,604,000 | 9,354,000 | -15,177,000 | 97,476,292 | 495,582 | 522,571 | 177,877 | 15,730 | 32,803 | 47,516 | 13,904 | -173,905 | 171,166 | 5,464 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 13,302,000 | 2,604,000 | 9,354,000 | -15,177,000 | 97,476,292 | 495,582 | 522,571 | 177,877 | 15,730 | 32,803 | 47,516 | 13,904 | -173,905 | 171,166 | 5,464 |
openwork partnership llp Credit Report and Business Information
Openwork Partnership Llp Competitor Analysis
Perform a competitor analysis for openwork partnership llp by selecting its closest rivals, whether from the industry sector, other mega companies, companies in SN5 area or any other competitors across 12 key performance metrics.
openwork partnership llp Ownership
OPENWORK PARTNERSHIP LLP group structure
Openwork Partnership Llp has 1 subsidiary company.
Ultimate parent company
OPENWORK PARTNERSHIP LLP
OC312300
1 subsidiary
openwork partnership llp directors
Openwork Partnership Llp currently has 1024 directors. The longest serving directors include Mr William MacKie (Apr 2005) and Mr William Colson (Apr 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William MacKie | England | 79 years | Apr 2005 | - | LLP Member |
| Mr William Colson | England | 69 years | Apr 2005 | - | LLP Member |
| Mr David Hogg | England | 73 years | Jun 2005 | - | LLP Member |
| Mr Mohammad Salamat | England | 59 years | Jun 2005 | - | LLP Member |
| Mr Stuart Bailey | England | 60 years | Jun 2005 | - | LLP Member |
| Mr Ian Murray John | England | 58 years | Jun 2005 | - | LLP Member |
| Mr Andrew Middlemiss | England | 61 years | Jun 2005 | - | LLP Member |
| Mr David Harvey | England | 65 years | Jun 2005 | - | LLP Member |
| Mr Clive Barton | England | 64 years | Jun 2005 | - | LLP Member |
| Ms Elizabeth Read | England | 84 years | Jun 2005 | - | LLP Member |
P&L
December 2023turnover
513.9m
-2%
operating profit
-4.2m
-136%
gross margin
22.3%
+0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
268m
-0.03%
total assets
435.4m
-0.01%
cash
108.9m
+0.14%
net assets
Total assets minus all liabilities
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openwork partnership llp company details
company number
OC312300
Type
Other
industry
incorporation date
March 2005
age
19
incorporated
UK
accounts
Group
ultimate parent company
previous names
openworks partnership llp (April 2005)
last accounts submitted
December 2023
address
c/o julie clarke auckland house, lydiard fields, swindon, SN5 8UB
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
openwork partnership llp Charges & Mortgages
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openwork partnership llp Companies House Filings - See Documents
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