Pomanda estimates the enterprise value of M8 STAFFING LIMITED at £1.2m based on a Turnover of £6.3m and 0.19x industry multiple (adjusted for size and gross margin).
m8 staffing limitedEstimated Valuation
£37.9k
Pomanda estimates the enterprise value of M8 STAFFING LIMITED at £37.9k based on an EBITDA of £11.2k and a 3.39x industry multiple (adjusted for size and gross margin).
m8 staffing limitedEstimated Valuation
£227.4k
Pomanda estimates the enterprise value of M8 STAFFING LIMITED at £227.4k based on Net Assets of £175.5k and 1.3x industry multiple (adjusted for liquidity).
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M8 Staffing LimitedOverview
M8 Staffing Limited is a live company located in lanarkshire, ML6 6AH with a Companies House number of SC584618. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in January 2018, it's largest shareholder is
craig logan
with a 40% stake. M8 Staffing Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£6.3m with
high
growth in recent years.
Pomanda's financial health check has awarded M8 Staffing Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
1 Regular
4 Weak
Size
annual sales of £6.3m, make it smaller than the average company (£16.2m)
£6.3m - M8 Staffing Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.9%)
21% - M8 Staffing Limited
5.9% - Industry AVG
Production
with a gross margin of 18.5%, this company has a comparable cost of product (18.5%)
18.5% - M8 Staffing Limited
18.5% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (2.6%)
0.1% - M8 Staffing Limited
2.6% - Industry AVG
Employees
with 86 employees, this is above the industry average (56)
86 - M8 Staffing Limited
56 - Industry AVG
Pay Structure
on an average salary of £17.1k, the company has a lower pay structure (£52.6k)
£17.1k - M8 Staffing Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £72.9k, this is less efficient (£244.8k)
£72.9k - M8 Staffing Limited
£244.8k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (45 days)
18 days - M8 Staffing Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (4 days)
0 days - M8 Staffing Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - M8 Staffing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 19 weeks, this is more cash available to meet short term requirements (6 weeks)
19 weeks - M8 Staffing Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60%, this is a lower level of debt than the average (71.6%)
60% - M8 Staffing Limited
71.6% - Industry AVG
M8 STAFFING LIMITED financials
EXPORT
M8 Staffing Limited's latest turnover from December 2023 is estimated at £6.3 million and the company has net assets of £175.5 thousand. According to their latest financial statements, M8 Staffing Limited has 86 employees and maintains cash reserves of £94.8 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
Turnover
6,267,601
5,110,022
4,856,120
3,509,252
7,314,008
5,959,695
Other Income Or Grants
Cost Of Sales
5,107,114
4,206,582
4,070,767
2,935,647
6,058,496
4,920,756
Gross Profit
1,160,487
903,441
785,353
573,605
1,255,512
1,038,939
Admin Expenses
1,156,760
872,690
726,235
518,630
1,206,414
1,031,794
Operating Profit
3,727
30,751
59,118
54,975
49,098
7,145
Interest Payable
Interest Receivable
6,579
5,343
312
65
134
24
Pre-Tax Profit
10,307
36,094
59,430
55,040
49,232
7,169
Tax
-2,577
-6,858
-11,292
-10,458
-9,354
-1,362
Profit After Tax
7,730
29,236
48,138
44,582
39,878
5,807
Dividends Paid
Retained Profit
7,730
29,236
48,138
44,582
39,878
5,807
Employee Costs
1,469,347
1,497,123
1,578,554
2,066,906
3,078,848
1,873,755
Number Of Employees
86
77
73
47
71
45
EBITDA*
11,196
38,109
67,046
56,543
50,088
8,068
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Tangible Assets
10,615
14,359
20,301
28,229
2,047
3,037
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
10,615
14,359
20,301
28,229
2,047
3,037
Stock & work in progress
Trade Debtors
323,442
202,012
216,945
223,334
220,837
220,548
Group Debtors
Misc Debtors
9,735
33,595
24,368
33,044
Cash
94,802
155,836
149,461
100,095
29,384
6,454
misc current assets
total current assets
427,979
391,443
390,774
356,473
250,221
227,002
total assets
438,594
405,802
411,075
384,702
252,268
230,039
Bank overdraft
Bank loan
Trade Creditors
854
504
1,196
589
206,483
224,132
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
255,740
223,883
250,688
267,127
total current liabilities
256,594
224,387
251,884
267,716
206,483
224,132
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
5,088
10,638
16,188
21,738
provisions
1,441
3,036
4,498
4,881
total long term liabilities
6,529
13,674
20,686
26,619
total liabilities
263,123
238,061
272,570
294,335
206,483
224,132
net assets
175,471
167,741
138,505
90,367
45,785
5,907
total shareholders funds
175,471
167,741
138,505
90,367
45,785
5,907
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Operating Activities
Operating Profit
3,727
30,751
59,118
54,975
49,098
7,145
Depreciation
7,469
7,358
7,928
1,568
990
923
Amortisation
Tax
-2,577
-6,858
-11,292
-10,458
-9,354
-1,362
Stock
Debtors
97,570
-5,706
-15,065
35,541
289
220,548
Creditors
350
-692
607
-205,894
-17,649
224,132
Accruals and Deferred Income
31,857
-26,805
-16,439
267,127
Deferred Taxes & Provisions
-1,595
-1,462
-383
4,881
Cash flow from operations
-58,339
7,998
54,604
76,658
22,796
10,290
Investing Activities
capital expenditure
-3,725
-1,416
-27,750
-3,960
Change in Investments
cash flow from investments
-3,725
-1,416
-27,750
-3,960
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-5,550
-5,550
-5,550
21,738
share issue
100
interest
6,579
5,343
312
65
134
24
cash flow from financing
1,029
-207
-5,238
21,803
134
124
cash and cash equivalents
cash
-61,034
6,375
49,366
70,711
22,930
6,454
overdraft
change in cash
-61,034
6,375
49,366
70,711
22,930
6,454
m8 staffing limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for m8 staffing limited. Get real-time insights into m8 staffing limited's credit score, group structure and payment trends.
Perform a competitor analysis for m8 staffing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in ML6 area or any other competitors across 12 key performance metrics.
m8 staffing limited Ownership
M8 STAFFING LIMITED group structure
M8 Staffing Limited has no subsidiary companies.
Ultimate parent company
M8 STAFFING LIMITED
SC584618
M8 STAFFING LIMITED Shareholders
The largest shareholders in M8 Staffing Limited include Craig Logan and James Myles.
craig logan
40%
james myles
20%
claire logan
10%
emma logan
10%
john logan
10%
lynsay armstrong
10%
m8 staffing limited directors
M8 Staffing Limited currently has 2 directors.
The longest serving directors include
Mr David Myles (Jan 2018) and
Mr Craig Logan (Jan 2018).
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 2 charges/mortgages relating to m8 staffing limited. Currently there are 2 open charges and 0 have been satisfied in the past.
m8 staffing 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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m8 staffing limitedCompanies House Filings - See Documents
