Ship Shape Resources

We process payments for every type of contractor and employee. Our service will reduce your overall labour costs, remove administration and guarantee legal and tax compliance. London based Ship Shape Resources was founded in 2004 and turnover reached £60m in 2014. It has featured in the Sunday Times Virgin Fastrack 100 list of fastest growing UK private limited companies for two consecutive years. In recent years Ship Shape has focused research and development into solutions for compliance and liability surrounding CIS, AWR, MSC, IR35, ID and right to work for agency partners. We use the AlchemyTec TM cloud technology platform to manage all pay and compliance records with total access flexibility. Our service provides significantly improved administrative and commercial performance and we can payroll the entire workforce, from the agency’s own management and staff, to skilled Umbrella and Limited Company contractors, CIS and GLA labour. We reduce labour costs in every single case and compile timesheets and payruns for easy online approval, resolve worker pay enquiries and execute BACS banking and reconciliation. With so much administration removed, agencies benefit from an immediate jump in profitability.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2004
Size (employees)
59 (est)-6%
Ship Shape Resources was founded in 2004 and is headquartered in London, GB

Ship Shape Resources Office Locations

Ship Shape Resources has an office in London
London, GB (HQ)
12 London Mews

Ship Shape Resources Data and Metrics

Summary Metrics

Founding Date

2004

Ship Shape Resources Financial Metrics

Ship Shape Resources's revenue was reported to be £87.9 m in FY, 2016 which is a 9% increase from the previous period.
GBP

Revenue (FY, 2016)

87.9 m

Revenue growth (FY, 2015 - FY, 2016), %

10%

Gross profit (FY, 2016)

2.5 m

Gross profit margin (FY, 2016), %

3%

Net income (FY, 2016)

627.8 k

Cash (31-May-2016)

3.6 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

45.6 m55.5 m80.3 m87.9 m

Revenue growth, %

22%45%10%

Cost of goods sold

43.3 m52.5 m73.9 m85.4 m

Gross profit

2.2 m3.1 m6.4 m2.5 m

Gross profit Margin, %

5%6%8%3%

Operating expense total

1.6 m2.3 m5.4 m1.8 m

Pre tax profit

708.1 k644.5 k668 k

Net Income

533.7 k446.5 k627.8 k
GBPFY, 2014FY, 2015FY, 2016

Cash

1.9 m2.9 m3.6 m

Accounts Receivable

1.7 m2.1 m1.3 m

Current Assets

5.6 m6.7 m6.3 m

PP&E

403.3 k128.8 k425.7 k

Goodwill

1.1 k1.1 k1.1 k

Total Assets

6 m6.8 m6.7 m

Accounts Payable

333.8 k446.5 k

Current Liabilities

5.5 m6.1 m5.5 m

Total Liabilities

5.9 m6.6 m6.3 m

Retained Earnings

30.7 k20.6 k230.1 k

Total Equity

168.7 k187.8 k415.8 k

Financial Leverage

35.8 x36.3 x16.1 x
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

1.2 m1.6 m1.2 m

Cash From Financing Activities

(2.1 k)

Income Taxes Paid

(174.5 k)(198 k)(40.2 k)
Y, 2016

Financial Leverage

16.1 x

Ship Shape Resources Online and Social Media Presence

Ship Shape Resources Company Life and Culture

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