independent educational association limited(the)

4.5

independent educational association limited(the) Company Information

Share INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE)
Live 
MatureMidLow

Company Number

01222329

Registered Address

st james schools, earsby street, london, W14 8SH

Industry

General secondary education

 

Pre-primary education

 
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Telephone

02073481777

Next Accounts Due

17 days late

Group Structure

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Directors

Jeremy Sinclair24 Years

Aatif Hassan17 Years

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Shareholders

-0%

independent educational association limited(the) Estimated Valuation

£16.7m

Pomanda estimates the enterprise value of INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE) at £16.7m based on a Turnover of £17.3m and 0.97x industry multiple (adjusted for size and gross margin).

independent educational association limited(the) Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE) at £8.2m based on an EBITDA of £2.1m and a 3.83x industry multiple (adjusted for size and gross margin).

independent educational association limited(the) Estimated Valuation

£50m

Pomanda estimates the enterprise value of INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE) at £50m based on Net Assets of £28.2m and 1.77x industry multiple (adjusted for liquidity).

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Independent Educational Association Limited(the) Overview

Independent Educational Association Limited(the) is a live company located in london, W14 8SH with a Companies House number of 01222329. It operates in the pre-primary education sector, SIC Code 85100. Founded in August 1975, it's largest shareholder is unknown. Independent Educational Association Limited(the) is a mature, mid sized company, Pomanda has estimated its turnover at £17.3m with low growth in recent years.

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Independent Educational Association Limited(the) Health Check

Pomanda's financial health check has awarded Independent Educational Association Limited(The) a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £17.3m, make it larger than the average company (£4.3m)

£17.3m - Independent Educational Association Limited(the)

£4.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.8%)

1% - Independent Educational Association Limited(the)

3.8% - Industry AVG

production

Production

with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)

45.2% - Independent Educational Association Limited(the)

45.2% - Industry AVG

profitability

Profitability

an operating margin of 8.3% make it more profitable than the average company (6.1%)

8.3% - Independent Educational Association Limited(the)

6.1% - Industry AVG

employees

Employees

with 182 employees, this is above the industry average (92)

182 - Independent Educational Association Limited(the)

92 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.7k, the company has a higher pay structure (£32.7k)

£55.7k - Independent Educational Association Limited(the)

£32.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £95.1k, this is more efficient (£43.5k)

£95.1k - Independent Educational Association Limited(the)

£43.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is later than average (1 days)

4 days - Independent Educational Association Limited(the)

1 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is close to average (20 days)

21 days - Independent Educational Association Limited(the)

20 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (3 days)

0 days - Independent Educational Association Limited(the)

3 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 58 weeks, this is less cash available to meet short term requirements (109 weeks)

58 weeks - Independent Educational Association Limited(the)

109 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22.4%, this is a similar level of debt than the average (22.5%)

22.4% - Independent Educational Association Limited(the)

22.5% - Industry AVG

INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE) financials

EXPORTms excel logo

Independent Educational Association Limited(The)'s latest turnover from August 2022 is £17.3 million and the company has net assets of £28.2 million. According to their latest financial statements, Independent Educational Association Limited(The) has 182 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover17,305,85416,141,26816,627,27916,840,83216,686,13417,108,46715,818,79116,133,14513,716,89613,852,46012,311,68112,888,3399,573,7378,377,247
Other Income Or Grants00000000000000
Cost Of Sales9,481,8619,247,0029,057,4678,963,3278,746,5878,820,5468,129,1618,516,0077,343,1087,284,1096,459,5146,794,2345,152,4066,701,798
Gross Profit7,823,9936,894,2667,569,8127,877,5057,939,5478,287,9217,689,6307,617,1386,373,7886,568,3515,852,1676,094,1054,421,3311,675,449
Admin Expenses6,384,0155,080,5005,218,8886,732,9382,006,0402,551,0135,663,1014,140,7234,857,3534,520,0244,739,6153,391,9334,740,0931,867,730
Operating Profit1,439,9781,813,7662,350,9241,144,5675,933,5075,736,9082,026,5293,476,4151,516,4352,048,3271,112,5522,702,172-318,762-192,281
Interest Payable0000000052,29554,23333,590000
Interest Receivable00000000000000
Pre-Tax Profit1,066,5581,380,1891,861,153910,7824,815,5704,631,5241,590,1152,755,8121,168,5651,544,805825,5391,801,557-741,964-351,175
Tax00000000000000
Profit After Tax1,066,5581,380,1891,861,153910,7824,815,5704,631,5241,590,1152,755,8121,168,5651,544,805825,5391,801,557-741,964-351,175
Dividends Paid00000000000000
Retained Profit1,066,5581,380,1891,861,153910,7824,815,5704,631,5241,590,1152,755,8121,168,5651,544,805825,5391,801,557-741,964-351,175
Employee Costs10,142,4039,548,8878,731,3878,855,4758,723,5509,737,7688,394,7778,192,5737,948,1037,605,7687,096,8936,800,2186,436,2245,906,143
Number Of Employees182182185191196192165163161159154152150145
EBITDA*2,136,1232,439,4933,167,8081,322,4556,094,9715,859,0902,504,1783,881,4671,828,2422,364,0711,427,8402,997,838-182,870-44,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets27,844,87528,317,42726,379,49926,001,26025,213,92625,271,18322,711,56516,759,75816,060,13815,681,52715,525,99514,896,18516,305,33111,764,451
Intangible Assets00000000000000
Investments & Other1,976,5492,184,9281,768,8631,692,2141,659,0201,532,7041,813,0931,597,1081,178,122539,947467,763429,777596,3731,222,316
Debtors (Due After 1 year)0000000067914,61631,68325,35028,35136,629
Total Fixed Assets29,821,42430,502,35528,148,36227,693,47426,872,94626,803,88724,524,65818,356,86617,238,93916,236,09016,025,44115,351,31216,930,05513,023,396
Stock & work in progress1,3191,2471,2471,41138693302,0006,53832,85134,23930,72727,89225,529
Trade Debtors203,50062,874535,37050,68449,4325,048,876138,43597,403159,646170,82599,527349,803352,375167,721
Group Debtors00000000000000
Misc Debtors229,454406,223508,129608,615566,810325,703572,0911,585,435410,708371,409406,229312,665346,59499,704
Cash6,067,8974,745,3572,906,6522,160,1181,738,3091,365,8921,870,1994,516,9573,038,0592,984,5181,874,0681,035,1171,095,666344,984
misc current assets00000000000002,065,560
total current assets6,502,1705,215,7013,951,3982,820,8282,354,9376,741,4042,580,7256,201,7953,614,9513,559,6032,414,0631,728,3121,822,5272,703,498
total assets36,323,59435,718,05632,099,76030,514,30229,227,88333,545,29127,105,38324,558,66120,853,89019,795,69318,439,50417,079,62418,752,58215,726,894
Bank overdraft0000000000001,914,8300
Bank loan480,000434,818238,920231,8440027,11526,40527,235027,531000
Trade Creditors 570,629381,031587,790695,437912,955730,844755,2831,120,560513,846411,979344,110497,593593,5190
Group/Directors Accounts00000000000000
other short term finances000000002,00029,48912,000182,0004,652,0003,265,598
hp & lease commitments00000000000000
other current liabilities4,372,9614,198,5573,966,3963,662,8833,713,8558,384,3074,054,1503,242,1822,938,8532,886,9902,831,2262,878,436426,494880,827
total current liabilities5,423,5905,014,4064,793,1064,590,1644,626,8109,115,1514,836,5484,389,1473,481,9343,328,4583,214,8673,558,0297,586,8434,146,425
loans2,213,1232,494,153558,493798,19300709,607736,687762,664787,685811,99401,650,0001,650,000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities2,707,7355,074,1534,560,6594,717,0932,591,0009,496,90014,840,5076,075,1876,377,4645,025,0854,902,6945,768,0006,509,0005,018,000
total liabilities8,131,32510,088,5599,353,7659,307,2577,217,81018,612,05119,677,05510,464,3349,859,3988,353,5438,117,5619,326,02914,095,8439,164,425
net assets28,192,26925,629,49722,745,99521,207,04522,010,07314,933,2407,428,32814,094,32710,994,49211,442,15010,321,9437,753,5954,656,7396,562,469
total shareholders funds28,192,26925,629,49722,745,99521,207,04522,010,07314,933,2407,428,32814,094,32710,994,49211,442,15010,321,9437,753,5954,656,7396,562,469
Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit1,439,9781,813,7662,350,9241,144,5675,933,5075,736,9082,026,5293,476,4151,516,4352,048,3271,112,5522,702,172-318,762-192,281
Depreciation696,145625,727816,884177,888161,464122,182477,649405,052311,807315,744315,288295,666135,892147,327
Amortisation00000000000000
Tax00000000000000
Stock720-1641,025-547933-2,000-4,538-26,313-1,3883,5122,8352,36325,529
Debtors-36,143-574,402384,20043,057-4,758,3374,664,053-972,3121,111,80514,18319,411-150,379-39,502423,266304,054
Creditors189,598-206,759-107,647-217,518182,111-24,439-365,277606,714101,86767,869-153,483-95,926593,5190
Accruals and Deferred Income174,404232,161303,513-50,972-4,670,4524,330,157811,968303,32951,86355,764-47,2102,451,942-454,333880,827
Deferred Taxes & Provisions00000000000000
Cash flow from operations2,536,1963,039,2972,979,6381,009,8836,365,5145,499,8223,925,1813,684,2431,994,1022,469,6811,374,0145,390,521-469,313506,290
Investing Activities
capital expenditure000-1,658,090-704,325-2,663,841-6,490,1550-1,292,31600000
Change in Investments-208,379416,06576,64933,194126,316-280,389215,985418,986638,17572,18437,986-166,596-625,9431,222,316
cash flow from investments208,379-416,065-76,649-1,691,284-830,641-2,383,452-6,706,140-418,986-1,930,491-72,184-37,986166,596625,943-1,222,316
Financing Activities
Bank loans45,182195,8987,076231,8440-27,115710-83027,235-27,53127,531000
Group/Directors Accounts00000000000000
Other Short Term Loans 0000000-2,000-27,48917,489-170,000-4,470,0001,386,4023,265,598
Long term loans-281,0301,935,660-239,700798,1930-709,607-27,080-25,977-25,021-24,309811,994-1,650,00001,650,000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue1,496,2141,503,313-322,203-1,713,8102,261,2632,873,388-8,256,114344,023-1,616,223-424,5981,742,8091,295,299-1,163,7666,913,644
interest00000000-52,295-54,233-33,590000
cash flow from financing1,260,3663,634,871-554,827-683,7732,261,2632,136,666-8,282,484315,216-1,693,793-513,1822,378,744-4,824,701222,63611,829,242
cash and cash equivalents
cash1,322,5401,838,705746,534421,809372,417-504,307-2,646,7581,478,89853,5411,110,450838,951-60,549750,682344,984
overdraft00000000000-1,914,8301,914,8300
change in cash1,322,5401,838,705746,534421,809372,417-504,307-2,646,7581,478,89853,5411,110,450838,9511,854,281-1,164,148344,984

independent educational association limited(the) Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Independent Educational Association Limited(the) Competitor Analysis

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independent educational association limited(the) Ownership

INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE) group structure

Independent Educational Association Limited(The) has 1 subsidiary company.

Ultimate parent company

INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE)

01222329

1 subsidiary

INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED(THE) Shareholders

--

independent educational association limited(the) directors

Independent Educational Association Limited(The) currently has 7 directors. The longest serving directors include Mr Jeremy Sinclair (Oct 1999) and Mr Aatif Hassan (Oct 2006).

officercountryagestartendrole
Mr Jeremy SinclairEngland77 years Oct 1999- Director
Mr Aatif HassanUnited Kingdom45 years Oct 2006- Director
Mr Jerome WebbUnited Kingdom52 years Feb 2007- Director
Mr Hugh Venables78 years Mar 2008- Director
Mrs Annabel Lubikowski71 years Nov 2018- Director
Mrs Helen De Mattos57 years Jun 2023- Director
Mr Michael Harper54 years Jun 2023- Director

P&L

August 2022

turnover

17.3m

+7%

operating profit

1.4m

0%

gross margin

45.3%

+5.85%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2022

net assets

28.2m

+0.1%

total assets

36.3m

+0.02%

cash

6.1m

+0.28%

net assets

Total assets minus all liabilities

independent educational association limited(the) company details

company number

01222329

Type

Private Ltd By Guarantee w/o Share Cap

industry

85200 - Primary education

85310 - General secondary education

85100 - Pre-primary education

incorporation date

August 1975

age

49

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

UK

address

st james schools, earsby street, london, W14 8SH

last accounts submitted

August 2022

independent educational association limited(the) 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 10 charges/mortgages relating to independent educational association limited(the). Currently there are 2 open charges and 8 have been satisfied in the past.

charges

independent educational association limited(the) Companies House Filings - See Documents

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