brightwork limited
brightwork limited Company Information
Company Number
SC296104
Next Accounts
Sep 2025
Shareholders
staffline recruitment limited
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
1st floor 193/199 bath street, glasgow, G2 4HU
Website
www.brightwork.co.ukbrightwork limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHTWORK LIMITED at £15.6m based on a Turnover of £57.2m and 0.27x industry multiple (adjusted for size and gross margin).
brightwork limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHTWORK LIMITED at £2.9m based on an EBITDA of £597k and a 4.85x industry multiple (adjusted for size and gross margin).
brightwork limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHTWORK LIMITED at £9.5m based on Net Assets of £7.4m and 1.3x industry multiple (adjusted for liquidity).
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Brightwork Limited Overview
Brightwork Limited is a live company located in glasgow, G2 4HU with a Companies House number of SC296104. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in January 2006, it's largest shareholder is staffline recruitment limited with a 100% stake. Brightwork Limited is a established, large sized company, Pomanda has estimated its turnover at £57.2m with high growth in recent years.
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Brightwork Limited Health Check
Pomanda's financial health check has awarded Brightwork Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £57.2m, make it larger than the average company (£16.2m)
£57.2m - Brightwork Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.9%)
20% - Brightwork Limited
5.9% - Industry AVG
Production
with a gross margin of 9.2%, this company has a higher cost of product (18.5%)
9.2% - Brightwork Limited
18.5% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (2.6%)
1% - Brightwork Limited
2.6% - Industry AVG
Employees
with 72 employees, this is above the industry average (56)
72 - Brightwork Limited
56 - Industry AVG
Pay Structure
on an average salary of £41k, the company has a lower pay structure (£52.6k)
£41k - Brightwork Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £794.3k, this is more efficient (£244.8k)
£794.3k - Brightwork Limited
£244.8k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (45 days)
22 days - Brightwork Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (4 days)
0 days - Brightwork Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Brightwork Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is average cash available to meet short term requirements (6 weeks)
6 weeks - Brightwork Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.3%, this is a lower level of debt than the average (71.6%)
51.3% - Brightwork Limited
71.6% - Industry AVG
BRIGHTWORK LIMITED financials
Brightwork Limited's latest turnover from December 2023 is £57.2 million and the company has net assets of £7.4 million. According to their latest financial statements, Brightwork Limited has 72 employees and maintains cash reserves of £937 thousand 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 | 57,189,000 | 63,826,000 | 43,607,000 | 33,176,000 | 45,087,000 | 43,056,000 | 38,218,000 | 36,104,415 | 34,872,845 | 32,629,723 | 31,521,862 | 31,842,690 | 26,262,151 | 18,287,382 | 10,883,828 |
| Other Income Or Grants | 3,436,000 | ||||||||||||||
| Cost Of Sales | 51,911,000 | 58,242,000 | 39,718,000 | 33,921,000 | 41,029,000 | 38,758,000 | 33,798,000 | 31,777,548 | 30,709,000 | 28,697,401 | 27,972,855 | 28,161,388 | 22,720,145 | 15,695,094 | 9,479,522 |
| Gross Profit | 5,278,000 | 5,584,000 | 3,889,000 | 2,691,000 | 4,058,000 | 4,298,000 | 4,420,000 | 4,326,867 | 4,163,845 | 3,932,322 | 3,549,007 | 3,681,302 | 3,542,006 | 2,592,288 | 1,404,306 |
| Admin Expenses | 4,719,000 | 3,306,000 | 2,166,000 | 1,749,000 | 3,232,000 | 3,298,000 | 3,825,000 | 3,742,755 | 3,287,943 | 2,980,975 | 2,414,214 | 2,834,167 | 2,544,389 | 2,096,737 | 1,411,993 |
| Operating Profit | 559,000 | 2,278,000 | 1,723,000 | 942,000 | 826,000 | 1,000,000 | 595,000 | 584,112 | 875,902 | 951,347 | 1,134,793 | 847,135 | 997,617 | 495,551 | -7,687 |
| Interest Payable | 324,000 | 82,000 | 60,000 | 63,000 | 86,000 | 69,000 | 136,000 | 111,813 | 108,989 | 92,830 | 75,768 | 81,444 | 67,412 | 37,830 | 32,164 |
| Interest Receivable | 240 | ||||||||||||||
| Pre-Tax Profit | 235,000 | 2,196,000 | 1,663,000 | 879,000 | 740,000 | 931,000 | 459,000 | 472,539 | 766,913 | 859,892 | 1,059,025 | 765,691 | 930,205 | 457,721 | 20,149 |
| Tax | -205,000 | 43,000 | -12,000 | -92,000 | 6,000 | -196,000 | -97,000 | -95,685 | -154,349 | -191,100 | -248,330 | -190,038 | -242,038 | -96,328 | -8,380 |
| Profit After Tax | 30,000 | 2,239,000 | 1,651,000 | 787,000 | 746,000 | 735,000 | 362,000 | 376,854 | 612,564 | 668,792 | 810,695 | 575,653 | 688,167 | 361,393 | 11,769 |
| Dividends Paid | 640,224 | 631,584 | 652,320 | 645,407 | 531,360 | 306,000 | |||||||||
| Retained Profit | 30,000 | 2,239,000 | 1,651,000 | 787,000 | 746,000 | 735,000 | 362,000 | -253,972 | -39,140 | 3,703 | 131,153 | 15,081 | 344,737 | 359,529 | 11,769 |
| Employee Costs | 2,953,000 | 2,828,000 | 41,526,000 | 35,493,000 | 43,191,000 | 41,119,000 | 36,376,000 | 2,835,357 | 2,533,492 | 2,202,740 | 1,626,112 | 1,747,414 | 1,649,600 | 1,353,784 | 956,218 |
| Number Of Employees | 72 | 72 | 56 | 45 | 62 | 68 | 71 | 72 | 64 | 57 | 45 | 42 | 36 | 29 | |
| EBITDA* | 597,000 | 2,313,000 | 1,772,000 | 1,080,000 | 943,000 | 1,110,000 | 674,000 | 658,819 | 919,089 | 991,691 | 1,161,276 | 1,044,190 | 1,076,660 | 579,178 | 90,183 |
* 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 | 77,000 | 74,000 | 116,000 | 171,000 | 282,000 | 197,000 | 263,000 | 322,782 | 202,233 | 33,461 | 28,893 | 30,933 | 34,791 | 34,650 | 41,808 |
| Intangible Assets | 41,000 | 35,000 | 34,145 | 53,657 | 73,169 | 92,681 | 175,775 | 225,775 | 275,775 | ||||||
| Investments & Other | 24,000 | 60,000 | 1,000 | 1,000 | 730 | ||||||||||
| Debtors (Due After 1 year) | 17,000 | 29,000 | |||||||||||||
| Total Fixed Assets | 142,000 | 134,000 | 99,000 | 142,000 | 282,000 | 198,000 | 299,000 | 356,927 | 255,890 | 106,630 | 121,574 | 30,933 | 210,566 | 260,425 | 318,313 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 3,450,000 | 4,985,000 | 2,670,000 | 2,161,000 | 3,637,000 | 4,811,000 | 4,353,000 | 9,165,663 | 6,526,536 | 7,061,709 | 6,363,648 | 5,490,938 | 6,176,547 | 4,929,568 | 1,941,767 |
| Group Debtors | 10,502,000 | 23,492,000 | 10,731,000 | 6,242,000 | 319,000 | 9,000 | 108,645 | ||||||||
| Misc Debtors | 66,000 | 473,000 | 261,000 | 237,000 | 41,000 | 60,000 | 428,000 | 467,246 | 320,865 | 51,465 | 250,732 | 157,546 | 224,971 | 166,319 | 91,260 |
| Cash | 937,000 | 2,192,000 | 1,285,000 | 196,000 | 3,637,000 | 830,000 | 162,000 | 68,392 | 55,815 | 998,662 | 607,761 | 186,248 | 89,702 | 161,439 | 15,325 |
| misc current assets | |||||||||||||||
| total current assets | 14,955,000 | 31,142,000 | 14,947,000 | 8,836,000 | 7,315,000 | 6,020,000 | 4,952,000 | 9,701,301 | 6,903,216 | 8,111,836 | 7,222,141 | 5,834,732 | 6,491,220 | 5,257,326 | 2,156,997 |
| total assets | 15,097,000 | 31,276,000 | 15,046,000 | 8,978,000 | 7,597,000 | 6,218,000 | 5,251,000 | 10,058,228 | 7,159,106 | 8,218,466 | 7,343,715 | 5,865,665 | 6,701,786 | 5,517,751 | 2,475,310 |
| Bank overdraft | 5,706,237 | 2,868,662 | 3,830,653 | 3,496,048 | 2,273,969 | 1,385,032 | |||||||||
| Bank loan | 2,869,708 | 2,177,457 | |||||||||||||
| Trade Creditors | 58,000 | 22,000 | 24,000 | 22,000 | 63,000 | 26,000 | 96,000 | 83,475 | 28,771 | 31,398 | 54,517 | 41,730 | 30,622 | 29,459 | 17,370 |
| Group/Directors Accounts | 2,396,000 | 18,166,000 | 697,000 | 30,947 | |||||||||||
| other short term finances | 138,000 | ||||||||||||||
| hp & lease commitments | 6,000 | 1,000 | 7,000 | 7,000 | 64,000 | ||||||||||
| other current liabilities | 5,252,000 | 5,764,000 | 9,930,000 | 5,136,000 | 4,783,000 | 4,260,000 | 3,259,000 | 3,421,870 | 3,152,582 | 3,214,869 | 2,618,304 | 2,536,982 | 2,812,368 | 2,592,967 | 586,222 |
| total current liabilities | 7,712,000 | 23,953,000 | 9,961,000 | 5,303,000 | 4,910,000 | 4,286,000 | 4,052,000 | 9,211,582 | 6,050,015 | 7,076,920 | 6,168,869 | 4,852,681 | 5,712,698 | 4,830,830 | 1,988,624 |
| loans | 2,000 | 16,000 | 30,000 | ||||||||||||
| hp & lease commitments | 27,000 | 1,000 | 8,000 | 15,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 234,000 | ||||||||||||||
| provisions | 56,000 | 29,000 | 31,000 | 40,013 | 21,066 | ||||||||||
| total long term liabilities | 27,000 | 1,000 | 242,000 | 43,000 | 29,000 | 31,000 | 40,013 | 21,066 | |||||||
| total liabilities | 7,739,000 | 23,953,000 | 9,962,000 | 5,545,000 | 4,953,000 | 4,315,000 | 4,083,000 | 9,251,595 | 6,071,081 | 7,076,920 | 6,168,869 | 4,852,681 | 5,712,698 | 4,830,830 | 1,988,624 |
| net assets | 7,358,000 | 7,323,000 | 5,084,000 | 3,433,000 | 2,644,000 | 1,903,000 | 1,168,000 | 804,596 | 1,058,568 | 1,097,708 | 1,094,005 | 962,852 | 947,771 | 683,034 | 486,686 |
| total shareholders funds | 7,358,000 | 7,323,000 | 5,084,000 | 3,433,000 | 2,644,000 | 1,903,000 | 1,168,000 | 804,596 | 1,058,568 | 1,097,708 | 1,094,005 | 962,852 | 947,771 | 683,034 | 486,686 |
| 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 | 559,000 | 2,278,000 | 1,723,000 | 942,000 | 826,000 | 1,000,000 | 595,000 | 584,112 | 875,902 | 951,347 | 1,134,793 | 847,135 | 997,617 | 495,551 | -7,687 |
| Depreciation | 36,000 | 35,000 | 49,000 | 138,000 | 117,000 | 75,000 | 79,000 | 55,195 | 23,675 | 20,832 | 21,605 | 21,280 | 29,043 | 33,627 | 47,864 |
| Amortisation | 2,000 | 35,000 | 19,512 | 19,512 | 19,512 | 4,878 | 175,775 | 50,000 | 50,000 | 50,006 | |||||
| Tax | -205,000 | 43,000 | -12,000 | -92,000 | 6,000 | -196,000 | -97,000 | -95,685 | -154,349 | -191,100 | -248,330 | -190,038 | -242,038 | -96,328 | -8,380 |
| Stock | |||||||||||||||
| Debtors | -14,932,000 | 15,271,000 | 5,010,000 | 4,991,000 | -1,512,000 | 400,000 | -4,842,909 | 2,785,508 | -265,773 | 498,794 | 965,896 | -753,034 | 1,305,631 | 2,954,215 | 2,141,672 |
| Creditors | 36,000 | -2,000 | 2,000 | -41,000 | 37,000 | -70,000 | 12,525 | 54,704 | -2,627 | -23,119 | 12,787 | 11,108 | 1,163 | 12,089 | 17,370 |
| Accruals and Deferred Income | -512,000 | -4,166,000 | 4,794,000 | 353,000 | 523,000 | 1,001,000 | -162,870 | 269,288 | -62,287 | 596,565 | 81,322 | -275,386 | 219,401 | 2,006,745 | 586,222 |
| Deferred Taxes & Provisions | -56,000 | 27,000 | -2,000 | -9,013 | 18,947 | 21,066 | |||||||||
| Cash flow from operations | 14,848,000 | -17,083,000 | 1,546,000 | -3,747,000 | 3,048,000 | 1,443,000 | 5,260,551 | -1,879,435 | 986,665 | 875,243 | 41,159 | 1,342,908 | -250,445 | -452,531 | -1,456,277 |
| Investing Activities | |||||||||||||||
| capital expenditure | -175,504 | -192,795 | -24,025 | -101,565 | -17,422 | -29,184 | -25,972 | ||||||||
| Change in Investments | -36,000 | 60,000 | -1,000 | 1,000 | -730 | 730 | |||||||||
| cash flow from investments | -175,504 | -192,795 | -24,025 | -101,565 | -17,422 | -29,184 | -25,242 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -2,869,708 | 692,251 | 2,177,457 | ||||||||||||
| Group/Directors Accounts | -15,770,000 | 18,166,000 | -697,000 | 697,000 | -30,947 | 30,947 | |||||||||
| Other Short Term Loans | -138,000 | 138,000 | |||||||||||||
| Long term loans | -2,000 | -14,000 | -14,000 | 30,000 | |||||||||||
| Hire Purchase and Lease Commitments | 32,000 | -7,000 | -7,000 | -64,000 | 79,000 | ||||||||||
| other long term liabilities | -234,000 | 234,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | -324,000 | -82,000 | -60,000 | -63,000 | -86,000 | -69,000 | -136,000 | -111,573 | -108,989 | -92,830 | -75,768 | -81,444 | -67,412 | -37,830 | -32,164 |
| cash flow from financing | -16,057,000 | 18,075,000 | -453,000 | 233,000 | 18,000 | -766,000 | 562,404 | -111,573 | -108,989 | -92,830 | -75,768 | -2,951,152 | 513,892 | 2,007,393 | 442,753 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,255,000 | 907,000 | 1,089,000 | -3,441,000 | 2,807,000 | 668,000 | 93,608 | 12,577 | -942,847 | 390,901 | 421,513 | 96,546 | -71,737 | 146,114 | 15,325 |
| overdraft | -5,706,237 | 2,837,575 | -961,991 | 334,605 | 1,222,079 | 2,273,969 | -1,385,032 | 1,385,032 | |||||||
| change in cash | -1,255,000 | 907,000 | 1,089,000 | -3,441,000 | 2,807,000 | 668,000 | 5,799,845 | -2,824,998 | 19,144 | 56,296 | -800,566 | -2,177,423 | -71,737 | 1,531,146 | -1,369,707 |
brightwork limited Credit Report and Business Information
Brightwork Limited Competitor Analysis
Perform a competitor analysis for brightwork limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in G 2 area or any other competitors across 12 key performance metrics.
brightwork limited Ownership
BRIGHTWORK LIMITED group structure
Brightwork Limited has 1 subsidiary company.
Ultimate parent company
STAFFLINE LIMITED
IE525953
2 parents
BRIGHTWORK LIMITED
SC296104
1 subsidiary
brightwork limited directors
Brightwork Limited currently has 3 directors. The longest serving directors include Mr Ben De Lucchi (Dec 2019) and Mr Frank Atkinson (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben De Lucchi | England | 47 years | Dec 2019 | - | Director |
| Mr Frank Atkinson | 51 years | Mar 2020 | - | Director | |
| Mr Daniel Quint | United Kingdom | 51 years | Apr 2021 | - | Director |
P&L
December 2023turnover
57.2m
-10%
operating profit
559k
-75%
gross margin
9.3%
+5.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.4m
0%
total assets
15.1m
-0.52%
cash
937k
-0.57%
net assets
Total assets minus all liabilities
brightwork limited company details
company number
SC296104
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
January 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
hms (652) limited (May 2006)
accountant
-
auditor
GRANT THORNTON UK LLP
address
1st floor 193/199 bath street, glasgow, G2 4HU
Bank
CLYDESDALE BANK
Legal Advisor
-
brightwork 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 9 charges/mortgages relating to brightwork limited. Currently there are 1 open charges and 8 have been satisfied in the past.
brightwork 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.
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brightwork limited Companies House Filings - See Documents
| date | description | view/download |
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