practical action
practical action Company Information
Group Structure
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Industry
Other social work activities without accommodation n.e.c.
Registered Address
the robbins building, 25 albert street, rugby, warwickshire, CV21 2SD
Website
www.practicalaction.orgpractical action Estimated Valuation
Pomanda estimates the enterprise value of PRACTICAL ACTION at £23.3m based on a Turnover of £30m and 0.78x industry multiple (adjusted for size and gross margin).
practical action Estimated Valuation
Pomanda estimates the enterprise value of PRACTICAL ACTION at £0 based on an EBITDA of £-658.3k and a 7.8x industry multiple (adjusted for size and gross margin).
practical action Estimated Valuation
Pomanda estimates the enterprise value of PRACTICAL ACTION at £24.5m based on Net Assets of £7.9m and 3.12x industry multiple (adjusted for liquidity).
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Practical Action Overview
Practical Action is a live company located in rugby, CV21 2SD with a Companies House number of 00871954. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in February 1966, it's largest shareholder is unknown. Practical Action is a mature, large sized company, Pomanda has estimated its turnover at £30m with declining growth in recent years.
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Practical Action Health Check
Pomanda's financial health check has awarded Practical Action a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £30m, make it larger than the average company (£484.8k)
£30m - Practical Action
£484.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.5%)
- Practical Action
6.5% - Industry AVG
Production
with a gross margin of 68.9%, this company has a comparable cost of product (68.9%)
68.9% - Practical Action
68.9% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (3.5%)
-3.1% - Practical Action
3.5% - Industry AVG
Employees
with 450 employees, this is above the industry average (14)
450 - Practical Action
14 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has an equivalent pay structure (£25.1k)
£27.5k - Practical Action
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £66.7k, this is more efficient (£39.7k)
£66.7k - Practical Action
£39.7k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is later than average (14 days)
33 days - Practical Action
14 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is slower than average (6 days)
36 days - Practical Action
6 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (14 days)
3 days - Practical Action
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is less cash available to meet short term requirements (242 weeks)
47 weeks - Practical Action
242 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.4%, this is a higher level of debt than the average (12.6%)
53.4% - Practical Action
12.6% - Industry AVG
PRACTICAL ACTION financials
Practical Action's latest turnover from March 2024 is £30 million and the company has net assets of £7.9 million. According to their latest financial statements, Practical Action has 450 employees and maintains cash reserves of £8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 30,021,000 | 26,984,000 | 27,867,000 | 30,439,000 | 36,072,000 | 31,204,000 | 32,153,000 | 33,187,000 | 29,688,000 | 25,949,000 | 30,252,000 | 26,237,000 | 30,871,000 | 27,357,000 | 22,668,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -496,000 | -1,971,000 | 204,000 | 1,223,000 | -1,780,000 | -764,000 | -42,000 | 1,963,000 | 761,000 | -1,168,000 | 2,428,000 | -1,280,000 | 1,148,000 | 645,000 | 385,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -496,000 | -1,971,000 | 204,000 | 1,223,000 | -1,780,000 | -764,000 | -42,000 | 1,963,000 | 761,000 | -1,168,000 | 2,428,000 | -1,280,000 | 1,148,000 | 645,000 | 385,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -496,000 | -1,971,000 | 204,000 | 1,223,000 | -1,780,000 | -764,000 | -42,000 | 1,963,000 | 761,000 | -1,168,000 | 2,428,000 | -1,280,000 | 1,148,000 | 645,000 | 385,000 |
| Employee Costs | 12,373,000 | 13,066,000 | 12,456,000 | 13,627,000 | 14,654,000 | 13,440,000 | 13,187,000 | 12,168,000 | 11,866,000 | 11,615,000 | 11,721,000 | 12,060,000 | 11,870,000 | 10,786,000 | 10,070,000 |
| Number Of Employees | 450 | 432 | 489 | 511 | 610 | 590 | 558 | 550 | 584 | 599 | 661 | 696 | 706 | 1,366 | 1,306 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 959,000 | 913,000 | 750,000 | 754,000 | 1,030,000 | 1,177,000 | 2,207,000 | 2,246,000 | 2,131,000 | 2,153,000 | 1,612,000 | 1,709,000 | 1,848,000 | 1,823,000 | 1,630,000 |
| Intangible Assets | 23,000 | 34,000 | 42,000 | 48,000 | 28,000 | 0 | 4,000 | 10,000 | 16,000 | 15,000 | 11,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 937,000 | 2,837,000 | 4,541,000 | 4,053,000 | 999,000 | 731,000 | 721,000 | 8,065,000 | 4,214,000 | 4,434,000 | 4,417,000 | 4,260,000 | 4,796,000 | 3,474,000 | 4,212,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,919,000 | 3,784,000 | 5,333,000 | 4,855,000 | 2,057,000 | 1,908,000 | 2,932,000 | 10,321,000 | 6,361,000 | 6,602,000 | 6,040,000 | 5,969,000 | 6,644,000 | 5,297,000 | 5,842,000 |
| Stock & work in progress | 88,000 | 131,000 | 140,000 | 148,000 | 129,000 | 138,000 | 196,000 | 155,000 | 117,000 | 82,000 | 107,000 | 110,000 | 122,000 | 94,000 | 105,000 |
| Trade Debtors | 2,776,000 | 7,570,000 | 2,460,000 | 2,550,000 | 2,397,000 | 3,550,000 | 1,640,000 | 1,623,000 | 1,298,000 | 1,245,000 | 1,717,000 | 1,500,000 | 1,070,000 | 3,536,000 | 426,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,132,000 | 0 | 4,141,000 | 4,469,000 | 5,882,000 | 5,682,000 | 4,483,000 | 6,365,000 | 3,475,000 | 3,182,000 | 2,787,000 | 3,377,000 | 3,672,000 | 2,280,000 | 3,908,000 |
| Cash | 7,961,000 | 8,433,000 | 6,912,000 | 8,430,000 | 9,468,000 | 12,553,000 | 10,950,000 | 4,245,000 | 5,433,000 | 5,533,000 | 4,128,000 | 3,709,000 | 3,756,000 | 3,170,000 | 4,274,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 |
| total current assets | 14,957,000 | 16,134,000 | 13,653,000 | 15,597,000 | 17,876,000 | 21,923,000 | 17,269,000 | 12,388,000 | 10,323,000 | 10,042,000 | 9,239,000 | 8,696,000 | 8,620,000 | 9,080,000 | 8,713,000 |
| total assets | 16,876,000 | 19,918,000 | 18,986,000 | 20,452,000 | 19,933,000 | 23,831,000 | 20,201,000 | 22,709,000 | 16,684,000 | 16,644,000 | 15,279,000 | 14,665,000 | 15,264,000 | 14,377,000 | 14,555,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,000 | 20,000 | 19,000 | 23,000 | 21,000 | 20,000 | 20,000 |
| Trade Creditors | 943,000 | 573,000 | 637,000 | 509,000 | 584,000 | 669,000 | 805,000 | 844,000 | 1,051,000 | 757,000 | 508,000 | 646,000 | 778,000 | 722,000 | 364,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,826,000 | 10,381,000 | 7,664,000 | 9,432,000 | 9,928,000 | 11,944,000 | 7,644,000 | 9,611,000 | 5,387,000 | 6,202,000 | 4,181,000 | 5,508,000 | 4,440,000 | 4,860,000 | 5,877,000 |
| total current liabilities | 8,769,000 | 10,954,000 | 8,301,000 | 9,941,000 | 10,512,000 | 12,613,000 | 8,449,000 | 10,455,000 | 6,457,000 | 6,979,000 | 4,708,000 | 6,177,000 | 5,239,000 | 5,602,000 | 6,261,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 3,000 | 10,000 | 4,000 | 34,000 | 56,000 | 74,000 | 126,000 | 121,000 | 135,000 | 159,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 13,000 | 13,000 | 11,000 | 9,000 | 0 | 46,000 | 46,000 | 46,000 |
| provisions | 6,000 | 276,000 | 15,000 | 45,000 | 178,000 | 192,000 | 43,000 | 367,000 | 175,000 | 250,000 | 312,000 | 441,000 | 483,000 | 164,000 | 103,000 |
| total long term liabilities | 249,000 | 767,000 | 15,000 | 45,000 | 178,000 | 195,000 | 174,000 | 1,149,000 | 1,315,000 | 1,433,000 | 1,036,000 | 1,505,000 | 1,474,000 | 662,000 | 995,000 |
| total liabilities | 9,018,000 | 11,721,000 | 8,316,000 | 9,986,000 | 10,690,000 | 12,808,000 | 8,623,000 | 11,604,000 | 7,772,000 | 8,412,000 | 5,744,000 | 7,682,000 | 6,713,000 | 6,264,000 | 7,256,000 |
| net assets | 7,858,000 | 8,197,000 | 10,670,000 | 10,466,000 | 9,243,000 | 11,023,000 | 11,578,000 | 11,105,000 | 8,912,000 | 8,232,000 | 9,535,000 | 6,983,000 | 8,551,000 | 8,113,000 | 7,299,000 |
| total shareholders funds | 7,858,000 | 8,197,000 | 10,670,000 | 10,466,000 | 9,243,000 | 11,023,000 | 11,578,000 | 11,105,000 | 8,912,000 | 8,232,000 | 9,535,000 | 6,983,000 | 8,551,000 | 8,113,000 | 7,299,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 253,000 | 324,000 | 431,000 | 390,000 | 499,000 | 543,000 | 379,000 | 377,000 | 370,000 | 349,000 | 405,000 | 497,000 | 497,000 | 462,000 | 437,000 |
| Amortisation | 15,000 | 14,000 | 12,000 | 11,000 | 0 | 4,000 | 6,000 | 6,000 | 4,000 | 5,000 | 2,000 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -43,000 | -9,000 | -8,000 | 19,000 | -9,000 | -58,000 | 41,000 | 38,000 | 35,000 | -25,000 | -3,000 | -12,000 | 28,000 | -11,000 | 105,000 |
| Debtors | -662,000 | 969,000 | -418,000 | -1,260,000 | -953,000 | 3,109,000 | -1,865,000 | 3,215,000 | 346,000 | -77,000 | -373,000 | 135,000 | -1,074,000 | 1,482,000 | 4,334,000 |
| Creditors | 370,000 | -64,000 | 128,000 | -75,000 | -85,000 | -136,000 | -39,000 | -207,000 | 294,000 | 249,000 | -138,000 | -132,000 | 56,000 | 358,000 | 364,000 |
| Accruals and Deferred Income | -2,555,000 | 2,717,000 | -1,768,000 | -496,000 | -2,016,000 | 4,300,000 | -1,967,000 | 4,224,000 | -815,000 | 2,021,000 | -1,327,000 | 1,068,000 | -420,000 | -1,017,000 | 5,877,000 |
| Deferred Taxes & Provisions | -270,000 | 261,000 | -30,000 | -133,000 | -14,000 | 149,000 | -324,000 | 192,000 | -75,000 | -62,000 | -129,000 | -42,000 | 319,000 | 61,000 | 103,000 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -351,000 | -849,000 | -353,000 | -327,000 | -530,000 | 179,000 | -1,839,000 | 47,000 | -593,000 |
| Change in Investments | -1,900,000 | -1,704,000 | 488,000 | 3,054,000 | 268,000 | 10,000 | -7,344,000 | 3,851,000 | -220,000 | 17,000 | 157,000 | -536,000 | 1,322,000 | -738,000 | 4,212,000 |
| cash flow from investments | 1,900,000 | 1,704,000 | -488,000 | -3,054,000 | -268,000 | -10,000 | 6,993,000 | -4,700,000 | -133,000 | -344,000 | -687,000 | 715,000 | -3,161,000 | 785,000 | -4,805,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19,000 | -1,000 | 1,000 | -4,000 | 2,000 | 1,000 | 0 | 20,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -3,000 | -7,000 | 6,000 | -30,000 | -22,000 | -18,000 | -52,000 | 5,000 | -14,000 | -24,000 | 159,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -1,000 | -12,000 | 0 | 2,000 | 2,000 | 9,000 | -46,000 | 0 | 0 | 46,000 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 157,000 | -502,000 | 0 | 0 | -3,000 | 201,000 | 509,000 | 181,000 | -102,000 | -150,000 | 77,000 | -327,000 | -723,000 | 145,000 | 7,139,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -472,000 | 1,521,000 | -1,518,000 | -1,038,000 | -3,085,000 | 1,603,000 | 6,705,000 | -1,188,000 | -100,000 | 1,405,000 | 419,000 | -47,000 | 586,000 | -1,104,000 | 4,274,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -472,000 | 1,521,000 | -1,518,000 | -1,038,000 | -3,085,000 | 1,603,000 | 6,705,000 | -1,188,000 | -100,000 | 1,405,000 | 419,000 | -47,000 | 586,000 | -1,104,000 | 4,274,000 |
practical action Credit Report and Business Information
Practical Action Competitor Analysis
Perform a competitor analysis for practical action by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in CV21 area or any other competitors across 12 key performance metrics.
practical action Ownership
PRACTICAL ACTION group structure
Practical Action has 4 subsidiary companies.
Ultimate parent company
PRACTICAL ACTION
00871954
4 subsidiaries
practical action directors
Practical Action currently has 14 directors. The longest serving directors include Mr Graham Young (Jul 2015) and Mr Ian Thornton (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graham Young | 72 years | Jul 2015 | - | Director | |
| Mr Ian Thornton | England | 39 years | Mar 2016 | - | Director |
| Mr Martin Tyler | 63 years | Apr 2020 | - | Director | |
| Mr Fayezul Choudhury | United States | 71 years | Apr 2020 | - | Director |
| Ms Rachel Sibande | United Kingdom | 39 years | Sep 2021 | - | Director |
| Shivani Wadhwa | Switzerland | 50 years | Sep 2021 | - | Director |
| Mr Mourad Wahba | England | 66 years | Sep 2021 | - | Director |
| Mr Matthew Haikin | England | 52 years | Sep 2021 | - | Director |
| Mr William Liao | England | 57 years | Sep 2021 | - | Director |
| Ms Sazini Mojapelo | England | 46 years | Apr 2024 | - | Director |
P&L
March 2024turnover
30m
+11%
operating profit
-926.3k
0%
gross margin
69%
+1.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
7.9m
-0.04%
total assets
16.9m
-0.15%
cash
8m
-0.06%
net assets
Total assets minus all liabilities
practical action company details
company number
00871954
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
February 1966
age
59
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
intermediate technology development group limited (October 2008)
accountant
-
auditor
CROWE U.K LLP
address
the robbins building, 25 albert street, rugby, warwickshire, CV21 2SD
Bank
BARCLAYS BANK PLC
Legal Advisor
FARRER & CO LLP
practical action Charges & Mortgages
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 4 charges/mortgages relating to practical action. Currently there are 1 open charges and 3 have been satisfied in the past.
practical action 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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practical action Companies House Filings - See Documents
| date | description | view/download |
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