About Workwell
Workwell is a company based in Watford (United Kingdom) founded in 1989.. Workwell has raised $13.4 million across 1 funding round from investors including Universal Partners. The company has 9,533 employees as of September 30, 2021. Workwell has completed 2 acquisitions, including Oncore and Workwell Global. Workwell offers products and services including Accountancy Services, Umbrella Company Solutions, Construction Industry Scheme, and Workforce Management Solutions. Workwell operates in a competitive market with competitors including Randstad, ADP, Alera Group, UKG and Insperity, among others.
- Headquarter Watford, United Kingdom
- Employees 9533 as on 30 Sep, 2021
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Sectors
Business ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Jsa Services Limited
- Date of Incorporation 24 Jul, 1989
- Jurisdiction WATFORD, HERTFORDSHIRE
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Annual Revenue
$414.94 M (USD)0as on Sep 28, 2021
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Net Profit
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EBITDA
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Total Equity Funding
$13.4 M (USD)
in 1 rounds
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Latest Funding Round
$13.4 M (USD), Private Equity Round
May 09, 2018
- Investors
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Employee Count
9533
as on Sep 30, 2021
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Investments & Acquisitions
Oncore
& 1 more
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Products & Services of Workwell
Workwell offers a comprehensive portfolio of products and services, including Accountancy Services, Umbrella Company Solutions, Construction Industry Scheme, and Workforce Management Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides tax and accounting support for contractors
Manages payroll and compliance for freelancers
Handles CIS registration and payments for construction
Offers tools for contingent workforce oversight
Funding Insights of Workwell
Workwell has successfully raised a total of $13.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $13.4 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $13.4M
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First Round
First Round
(09 May 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Private Equity Round - Workwell | Valuation | Universal Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Workwell
Workwell has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Universal Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are managed from Mauritius.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Workwell
Workwell has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Oncore and Workwell Global. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payroll solutions for contractors are provided in Spain.
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2020 | ||||
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Contingent workforce management solutions are provided by Oncore.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Workwell
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Workwell Comparisons
Competitors of Workwell
Workwell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Randstad, ADP, Alera Group, UKG and Insperity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR management, recruitment, and staffing services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Workwell
Frequently Asked Questions about Workwell
When was Workwell founded?
Workwell was founded in 1989 and raised its 1st funding round 29 years after it was founded.
Where is Workwell located?
Workwell is headquartered in Watford, United Kingdom. It is registered at Watford, Hertfordshire, United Kingdom.
Who is the current CEO of Workwell?
John Hoskin is the current CEO of Workwell.
Is Workwell a funded company?
Workwell is a funded company, having raised a total of $13.4M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $13.4M, raised on May 09, 2018.
How many employees does Workwell have?
As of Sep 30, 2021, the latest employee count at Workwell is 9,533.
What is the annual revenue of Workwell?
Annual revenue of Workwell is $414.94M as on Sep 28, 2021.
What does Workwell do?
Workwell was founded in 1989 and is based in Watford, United Kingdom. Operations focus on the accounting and payroll sector, where solutions are provided for contractors and freelancers. Services encompass workforce management, tax management, payment management, and compliance management to support business needs in these areas.
Who are the top competitors of Workwell?
Workwell's top competitors include Randstad, CIEL HR and Alera Group.
What products or services does Workwell offer?
Workwell offers Accountancy Services, Umbrella Company Solutions, Construction Industry Scheme, and Workforce Management Solutions.
How many acquisitions has Workwell made?
Workwell has made 2 acquisitions, including Oncore, and Workwell Global.
Who are Workwell's investors?
Workwell has 1 investor. Key investors include Universal Partners.
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