Approved Workforce Limited

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approved workforce limited Company Information

Live

EstablishedMidHealthy

Company Number

07417580

Website

www.approvedworkforce.co.uk

Registered Address

bank house marshall terrace, crossgates, leeds, west yorkshire, LS15 8EA

Industry

Temporary employment agency activities

Telephone

01132026059

Next Accounts Due

June 2024

Group Structure

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Directors

Simon Goddard13 Years

Joanne Goddard13 Years

Shareholders

lilac house group ltd 100%

approved workforce limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of APPROVED WORKFORCE LIMITED at £1.5m based on a Turnover of £8.7m and 0.18x industry multiple (adjusted for size and gross margin).

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Approved Workforce Limited AI Business Plan

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Approved Workforce Limited is a live company located in leeds, LS15 8EA with a Companies House number of 07417580. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in October 2010, it's largest shareholder is lilac house group ltd with a 100% stake. Approved Workforce Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Approved Workforce Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £8.7m, make it smaller than the average company (£12.4m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (0.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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APPROVED WORKFORCE LIMITED group structure

Approved Workforce Limited has no subsidiary companies.

Ultimate parent company

LILAC HOUSE GROUP LTD

10717545

1 parent

APPROVED WORKFORCE LIMITED

07417580

APPROVED WORKFORCE LIMITED Shareholders

lilac house group ltd

100%

Approved Workforce Limited currently has 2 directors. The longest serving directors include Mr Simon Goddard (Oct 2010) and Mrs Joanne Goddard (Oct 2010).

officer	country	age	start	end	role
Mr Simon Goddard	England	53 years	Oct 2010	-	Director
Mrs Joanne Goddard	England	48 years	Oct 2010	-	Director

EXPORT

Approved Workforce Limited's latest turnover from September 2022 is estimated at £8.7 million and the company has net assets of £68.7 thousand. According to their latest financial statements, Approved Workforce Limited has 14 employees and maintains cash reserves of £133.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012
Turnover	8,651,659	14,099,357	24,272,332	6,485,926	7,794,034	8,940,407	8,227,866	19,919,168	15,479,108	8,514,022	149,525
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,139,831	11,937,044	20,356,469	5,392,050	6,444,866	7,367,046	6,798,042	16,503,166	12,751,497	7,016,642	123,254
Gross Profit	1,511,828	2,162,313	3,915,864	1,093,876	1,349,168	1,573,361	1,429,823	3,416,002	2,727,611	1,497,380	26,271
Admin Expenses	1,377,502	2,070,350	3,924,081	1,221,678	1,254,780	1,475,605	1,369,952	3,318,340	2,675,307	1,430,730	18,249
Operating Profit	134,326	91,963	-8,217	-127,802	94,388	97,756	59,871	97,662	52,304	66,650	8,022
Interest Payable	134,353	52,290	32,017	64,426	66,181	56,884	22,455	0	0	0	0
Interest Receivable	6,955	367	125	20	20	0	3	9	8	6	2
Pre-Tax Profit	6,928	40,041	-40,109	-192,208	28,227	40,873	37,419	97,671	52,311	66,656	8,024
Tax	-1,316	-7,608	0	0	-5,363	-7,766	-7,484	-19,534	-10,985	-15,331	-1,926
Profit After Tax	5,612	32,433	-40,109	-192,208	22,864	33,107	29,935	78,137	41,326	51,325	6,098
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	5,612	32,433	-40,109	-192,208	22,864	33,107	29,935	78,137	41,326	51,325	6,098
Employee Costs	657,286	709,388	700,270	628,887	1,161,924	1,417,679	1,203,925	2,771,748	1,947,781	1,114,431	37,800
Number Of Employees	14	17	17	16	30	36	31	73	52	30	1
EBITDA*	134,326	93,001	-6,894	-125,696	96,745	99,075	61,166	98,175	52,568	66,914	8,022

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012
Tangible Assets	0	0	1,037	2,360	4,466	2,673	2,849	1,012	527	791	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	1,037	2,360	4,466	2,673	2,849	1,012	527	791	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,773,979	1,963,541	1,203,796	1,394,567	1,405,506	1,606,842	1,222,018	1,135,638	884,484	468,138	12,360
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	49,822	15,929	3,702	42,720	13,363	13,950	9,681	0	0	0	0
Cash	133,739	484,510	250,002	0	5,285	0	0	2,389	1,297	1,733	613
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,957,540	2,463,980	1,457,500	1,437,287	1,424,154	1,620,792	1,231,699	1,138,027	885,781	469,871	12,973
total assets	1,957,540	2,463,980	1,458,537	1,439,647	1,428,620	1,623,465	1,234,548	1,139,039	886,308	470,662	12,973
Bank overdraft	0	0	0	25,605	0	6,177	35,464	0	0	0	0
Bank loan	62,500	50,000	0	0	0	0	0	0	0	0	0
Trade Creditors	22,516	294,630	1,107,657	9,183	11,519	14,949	99,570	962,047	787,453	413,133	6,775
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	1,360,424	1,474,166	0	1,024,122	859,192	1,095,535	683,096	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	323,721	391,879	0	309,555	294,119	266,218	209,447	0	0	0	0
total current liabilities	1,769,161	2,210,675	1,107,657	1,368,465	1,164,830	1,382,879	1,027,577	962,047	787,453	413,133	6,775
loans	119,709	190,247	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	78,540	0	0	0	0	0	0	0	0
other liabilities	0	0	241,667	0	0	0	0	0	0	0	0
provisions	0	0	48	448	848	508	0	0	0	0	0
total long term liabilities	119,709	190,247	320,255	448	848	508	0	0	0	0	0
total liabilities	1,888,870	2,400,922	1,427,912	1,368,913	1,165,678	1,383,387	1,027,577	962,047	787,453	413,133	6,775
net assets	68,670	63,058	30,625	70,734	262,942	240,078	206,971	176,992	98,855	57,529	6,198
total shareholders funds	68,670	63,058	30,625	70,734	262,942	240,078	206,971	176,992	98,855	57,529	6,198

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Operating Activities
Operating Profit	134,326	91,963	-8,217	-127,802	94,388	97,756	59,871	97,662	52,304	66,650	8,022	0
Depreciation	0	1,038	1,323	2,106	2,357	1,319	1,295	513	264	264	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,316	-7,608	0	0	-5,363	-7,766	-7,484	-19,534	-10,985	-15,331	-1,926	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-155,669	771,972	-229,789	18,418	-201,923	389,093	96,061	251,154	416,346	455,778	12,360	0
Creditors	-272,114	-813,027	1,098,474	-2,336	-3,430	-84,621	-862,477	174,594	374,320	406,358	6,775	0
Accruals and Deferred Income	-68,158	313,339	-231,015	15,436	27,901	56,771	209,447	0	0	0	0	0
Deferred Taxes & Provisions	0	-48	-400	-400	340	508	0	0	0	0	0	0
Cash flow from operations	-51,593	-1,186,315	1,089,954	-131,414	318,116	-325,126	-695,409	2,081	-443	2,163	511	0
Investing Activities
capital expenditure	0	-1	0	0	-4,150	-1,143	-3,132	-998	0	-1,055	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1	0	0	-4,150	-1,143	-3,132	-998	0	-1,055	0	0
Financing Activities
Bank loans	12,500	50,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-113,742	1,474,166	-1,024,122	164,930	-236,343	412,439	683,096	0	0	0	0	0
Long term loans	-70,538	190,247	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-241,667	241,667	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	44	0	0	6	100	0
interest	-127,398	-51,923	-31,892	-64,406	-66,161	-56,884	-22,452	9	8	6	2	0
cash flow from financing	-299,178	1,420,823	-814,347	100,524	-302,504	355,555	660,688	9	8	12	102	0
cash and cash equivalents
cash	-350,771	234,508	250,002	-5,285	5,285	0	-2,389	1,092	-436	1,120	613	0
overdraft	0	0	-25,605	25,605	-6,177	-29,287	35,464	0	0	0	0	0
change in cash	-350,771	234,508	275,607	-30,890	11,462	29,287	-37,853	1,092	-436	1,120	613	0

P&L

September 2022

turnover

8.7m

-39%

operating profit

134.3k

gross margin

17.5%

+13.94%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

68.7k

+0.09%

total assets

-0.21%

cash

133.7k

-0.72%

net assets

Total assets minus all liabilities

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company number

07417580

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

October 2010

age

accounts

Total Exemption Full

ultimate parent company

LILAC HOUSE GROUP LTD

previous names

N/A

incorporated

address

bank house marshall terrace, crossgates, leeds, west yorkshire, LS15 8EA

last accounts submitted

September 2022

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 3 charges/mortgages relating to approved workforce limited. Currently there are 3 open charges and 0 have been satisfied in the past.

approved workforce limited Company Information

approved workforce limited Estimated Valuation

approved workforce limited Estimated Valuation

approved workforce limited Estimated Valuation

Approved Workforce Limited AI Business Plan

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APPROVED WORKFORCE LIMITED financials

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