porchlight
porchlight Company Information
Company Number
01157482
Next Accounts
11 days late
Shareholders
-
Group Structure
View All
Industry
Other accommodation
Registered Address
2nd floor watling chambers, 18-19 watling street, canterbury, kent, CT1 2UA
porchlight Estimated Valuation
Pomanda estimates the enterprise value of PORCHLIGHT at £24m based on a Turnover of £14m and 1.72x industry multiple (adjusted for size and gross margin).
porchlight Estimated Valuation
Pomanda estimates the enterprise value of PORCHLIGHT at £6.4m based on an EBITDA of £851.9k and a 7.51x industry multiple (adjusted for size and gross margin).
porchlight Estimated Valuation
Pomanda estimates the enterprise value of PORCHLIGHT at £8.7m based on Net Assets of £4.5m and 1.92x industry multiple (adjusted for liquidity).
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Porchlight Overview
Porchlight is a live company located in canterbury, CT1 2UA with a Companies House number of 01157482. It operates in the other accommodation sector, SIC Code 55900. Founded in January 1974, it's largest shareholder is unknown. Porchlight is a mature, mid sized company, Pomanda has estimated its turnover at £14m with healthy growth in recent years.
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Porchlight Health Check
Pomanda's financial health check has awarded Porchlight a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £14m, make it larger than the average company (£995.7k)
£14m - Porchlight
£995.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.6%)
4% - Porchlight
4.6% - Industry AVG
Production
with a gross margin of 55.8%, this company has a comparable cost of product (55.8%)
55.8% - Porchlight
55.8% - Industry AVG
Profitability
an operating margin of 5.2% make it as profitable than the average company (4.9%)
5.2% - Porchlight
4.9% - Industry AVG
Employees
with 219 employees, this is above the industry average (24)
219 - Porchlight
24 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has a higher pay structure (£23.9k)
£30.8k - Porchlight
£23.9k - Industry AVG
Efficiency
resulting in sales per employee of £63.8k, this is more efficient (£49.6k)
£63.8k - Porchlight
£49.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Porchlight
- - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is slower than average (19 days)
33 days - Porchlight
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Porchlight
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 73 weeks, this is less cash available to meet short term requirements (100 weeks)
73 weeks - Porchlight
100 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.9%, this is a lower level of debt than the average (29.4%)
25.9% - Porchlight
29.4% - Industry AVG
PORCHLIGHT financials
Porchlight's latest turnover from March 2023 is £14 million and the company has net assets of £4.5 million. According to their latest financial statements, Porchlight has 219 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 13,974,075 | 13,731,499 | 12,642,643 | 12,328,624 | 10,847,685 | 10,240,438 | 8,679,980 | 6,098,052 | 6,371,927 | 6,053,939 | 5,735,087 | 4,677,302 | 4,683,822 | 4,306,587 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 650,358 | 860,158 | 582,496 | 265,473 | -261,871 | 410,761 | 133,764 | 321,897 | -58,818 | -152,892 | 344,383 | 304,584 | 278,667 | 126,566 |
| Tax | ||||||||||||||
| Profit After Tax | 650,358 | 860,158 | 582,496 | 265,473 | -261,871 | 410,761 | 133,764 | 321,897 | -58,818 | -152,892 | 344,383 | 304,584 | 278,667 | 126,566 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 650,358 | 860,158 | 582,496 | 265,473 | -261,871 | 410,761 | 133,764 | 321,897 | -58,818 | -152,892 | 344,383 | 304,584 | 278,667 | 126,566 |
| Employee Costs | 6,748,273 | 6,449,379 | 6,217,696 | 6,228,165 | 6,106,313 | 5,746,627 | 4,876,074 | 3,994,404 | 4,763,720 | 4,576,757 | 3,943,917 | 3,260,847 | 3,267,859 | 2,945,024 |
| Number Of Employees | 219 | 229 | 224 | 226 | 233 | 225 | 193 | 169 | 186 | 179 | 148 | 127 | 130 | 116 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 1,397,617 | 1,639,900 | 1,177,389 | 719,967 | 754,563 | 801,118 | 797,026 | 229,328 | 228,322 | 255,164 | 239,215 | 230,161 | 241,301 | 263,989 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 400,000 | 394,851 | 354,223 | 354,223 | 354,223 | 354,223 | ||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 1,797,617 | 2,034,751 | 1,531,612 | 1,074,190 | 1,108,786 | 1,155,341 | 797,026 | 229,328 | 228,322 | 255,164 | 239,215 | 230,161 | 241,301 | 263,989 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | ||||||||||||||
| Group Debtors | ||||||||||||||
| Misc Debtors | 2,080,053 | 2,126,034 | 2,103,964 | 836,942 | 979,903 | 904,292 | 1,122,313 | 369,247 | 508,870 | 238,084 | 246,866 | 161,410 | 140,753 | 134,039 |
| Cash | 2,258,638 | 2,555,984 | 1,945,909 | 1,716,336 | 546,002 | 664,218 | 501,326 | 876,861 | 572,019 | 703,019 | 535,061 | 944,610 | 486,489 | 1,027,646 |
| misc current assets | 521,334 | 517,468 | 514,440 | 907,066 | 898,063 | 884,250 | 1,666,128 | 862,152 | 855,041 | |||||
| total current assets | 4,338,691 | 4,682,018 | 4,049,873 | 2,553,278 | 2,047,239 | 2,085,978 | 2,138,079 | 2,153,174 | 1,978,952 | 1,825,353 | 2,448,055 | 1,968,172 | 1,482,283 | 1,161,685 |
| total assets | 6,136,308 | 6,716,769 | 5,581,485 | 3,627,468 | 3,156,025 | 3,241,319 | 2,935,105 | 2,382,502 | 2,207,274 | 2,080,517 | 2,687,270 | 2,198,333 | 1,723,584 | 1,425,674 |
| Bank overdraft | ||||||||||||||
| Bank loan | 18,718 | 8,731 | ||||||||||||
| Trade Creditors | 559,441 | 422,928 | 409,595 | 149,269 | ||||||||||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,028,498 | 1,793,893 | 1,823,632 | 1,022,842 | 966,141 | 789,564 | 894,111 | 475,272 | 621,941 | 436,366 | 890,227 | 745,673 | 575,508 | 556,265 |
| total current liabilities | 1,587,939 | 2,235,539 | 2,241,958 | 1,172,111 | 966,141 | 789,564 | 894,111 | 475,272 | 621,941 | 436,366 | 890,227 | 745,673 | 575,508 | 556,265 |
| loans | 583,219 | 301,674 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 583,219 | 301,674 | ||||||||||||
| total liabilities | 1,587,939 | 2,818,758 | 2,543,632 | 1,172,111 | 966,141 | 789,564 | 894,111 | 475,272 | 621,941 | 436,366 | 890,227 | 745,673 | 575,508 | 556,265 |
| net assets | 4,548,369 | 3,898,011 | 3,037,853 | 2,455,357 | 2,189,884 | 2,451,755 | 2,040,994 | 1,907,230 | 1,585,333 | 1,644,151 | 1,797,043 | 1,452,660 | 1,148,076 | 869,409 |
| total shareholders funds | 4,548,369 | 3,898,011 | 3,037,853 | 2,455,357 | 2,189,884 | 2,451,755 | 2,040,994 | 1,907,230 | 1,585,333 | 1,644,151 | 1,797,043 | 1,452,660 | 1,148,076 | 869,409 |
| 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 | 120,454 | 110,599 | 101,846 | 127,032 | 107,646 | 101,643 | 78,913 | 37,045 | 37,125 | 35,463 | 43,228 | 34,084 | 34,812 | 42,967 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -45,981 | 22,070 | 1,267,022 | -142,961 | 75,611 | -218,021 | 753,066 | -139,623 | 270,786 | -8,782 | 85,456 | 20,657 | 6,714 | 134,039 |
| Creditors | 136,513 | 13,333 | 260,326 | 149,269 | ||||||||||
| Accruals and Deferred Income | -765,395 | -29,739 | 800,790 | 56,701 | 176,577 | -104,547 | 418,839 | -146,669 | 185,575 | -453,861 | 144,554 | 170,165 | 19,243 | 556,265 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -60,889 | -459,958 | -653,502 | |||||||||||
| Change in Investments | 5,149 | 40,628 | 354,223 | |||||||||||
| cash flow from investments | -5,149 | -40,628 | -60,889 | -814,181 | -653,502 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -18,718 | 9,987 | 8,731 | |||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -583,219 | 281,545 | 301,674 | |||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | -601,937 | 291,532 | 310,405 | 742,843 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -297,346 | 610,075 | 229,573 | 1,170,334 | -118,216 | 162,892 | -375,535 | 304,842 | -131,000 | 167,958 | -409,549 | 458,121 | -541,157 | 1,027,646 |
| overdraft | ||||||||||||||
| change in cash | -297,346 | 610,075 | 229,573 | 1,170,334 | -118,216 | 162,892 | -375,535 | 304,842 | -131,000 | 167,958 | -409,549 | 458,121 | -541,157 | 1,027,646 |
porchlight Credit Report and Business Information
Porchlight Competitor Analysis
Perform a competitor analysis for porchlight by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in CT1 area or any other competitors across 12 key performance metrics.
porchlight Ownership
PORCHLIGHT group structure
Porchlight has no subsidiary companies.
Ultimate parent company
PORCHLIGHT
01157482
porchlight directors
Porchlight currently has 14 directors. The longest serving directors include Mr Thomas Evans (Feb 2017) and Ms Stephanie Goad (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Evans | England | 43 years | Feb 2017 | - | Director |
| Ms Stephanie Goad | 58 years | Jun 2018 | - | Director | |
| Dr Jenny Robson | 65 years | Jul 2018 | - | Director | |
| Dr Nicholas Ward | 62 years | May 2020 | - | Director | |
| Mrs Belinda Naiken-Payne | England | 45 years | Sep 2020 | - | Director |
| Mr Patrick Fuller | 59 years | Sep 2020 | - | Director | |
| Mr Timothy Child | England | 62 years | Dec 2022 | - | Director |
| Ms Anne Chapman | 65 years | Jan 2024 | - | Director | |
| Mrs Danica McLean | 46 years | Jan 2024 | - | Director | |
| Mr Thomas Abbott | 41 years | Jan 2024 | - | Director |
P&L
March 2023turnover
14m
+2%
operating profit
731.4k
0%
gross margin
55.8%
+17.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.5m
+0.17%
total assets
6.1m
-0.09%
cash
2.3m
-0.12%
net assets
Total assets minus all liabilities
porchlight company details
company number
01157482
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
55900 - Other accommodation
incorporation date
January 1974
age
51
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
canterbury cyrenians limited (March 2002)
accountant
-
auditor
RSM UK AUDIT LLP
address
2nd floor watling chambers, 18-19 watling street, canterbury, kent, CT1 2UA
Bank
UNITY TRUST BANK
Legal Advisor
CRIPPS LLP
porchlight 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 9 charges/mortgages relating to porchlight. Currently there are 0 open charges and 9 have been satisfied in the past.
porchlight 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.
Click to start generating capital raising & share issue transactions for PORCHLIGHT. This can take several minutes, an email will notify you when this has completed.
porchlight Companies House Filings - See Documents
| date | description | view/download |
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