Work It Group Ltd

Work It Group Ltd, based in Hoddesdon, UK, is a small, active company founded seven years ago in 2017. With eight employees and £89,343 in assets, it operates from a virtual address—a bit odd, as forty-six companies share the same location—and is managed by three directors and one owner. The company is an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import activity occurring one month ago in December 2022.

The company’s website reveals a different picture. Work It Group Ltd specializes in corporate health and safety training, offering onsite training, regulated courses, eLearning, and defibrillator supply. It caters to a wide range of industries, from food safety to business skills, and boasts a large client base—over 17,000 customers—and impressive numbers: 33,000 courses delivered and 277,000 delegates trained. The website even highlights partnerships with well-known brands like Calor and Verilife.

Financially, Work It Group Ltd presents a mixed bag. Accumulated amortisation for intangible assets grew by 37%, while depreciation for property and plant equipment increased by 34%. Bank borrowings decreased by 31%, which is a positive sign, but cash reserves jumped a whopping 91%—a significant increase. However, creditors rose by 19%, and net assets declined by 19%, suggesting potential cash flow pressures. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

Overall, Work It Group Ltd seems to be a growing business with a strong focus on corporate training. While the financial picture is a little complex, the company’s large client base and diverse service offerings suggest a solid foundation. It's a bit strange that the company is a small importer and a large training provider.

Registered in England/Wales under the registration number 11089609, with a registered address at EN11 0FJ, England, Hoddesdon, Hertfordshire, C/O Ake, Hoddesdon Enterprise Centre, Pindar Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.