origin limited

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origin limited Company Information

Share ORIGIN LIMITED

Company Number

02211999

Shareholders

origin employee ownership trustees limited

Group Structure

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Industry

Solicitors

 +1

Registered Address

twisden works, twisden road, london, NW5 1DN

origin limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of ORIGIN LIMITED at £1.4m based on a Turnover of £2.3m and 0.6x industry multiple (adjusted for size and gross margin).

origin limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ORIGIN LIMITED at £0 based on an EBITDA of £-245.1k and a 3.59x industry multiple (adjusted for size and gross margin).

origin limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of ORIGIN LIMITED at £2.9m based on Net Assets of £1.7m and 1.74x industry multiple (adjusted for liquidity).

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Origin Limited Overview

Origin Limited is a live company located in london, NW5 1DN with a Companies House number of 02211999. It operates in the solicitors sector, SIC Code 69102. Founded in January 1988, it's largest shareholder is origin employee ownership trustees limited with a 100% stake. Origin Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with low growth in recent years.

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Origin Limited Health Check

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

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £2.3m, make it larger than the average company (£850.6k)

£2.3m - Origin Limited

£850.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.5%)

3% - Origin Limited

7.5% - Industry AVG

production

Production

with a gross margin of 59.7%, this company has a comparable cost of product (59.7%)

59.7% - Origin Limited

59.7% - Industry AVG

profitability

Profitability

an operating margin of -11.4% make it less profitable than the average company (9.4%)

-11.4% - Origin Limited

9.4% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (11)

6 - Origin Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.1k, the company has an equivalent pay structure (£36.1k)

£36.1k - Origin Limited

£36.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £384.9k, this is more efficient (£69.4k)

£384.9k - Origin Limited

£69.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 144 days, this is later than average (57 days)

144 days - Origin Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 7 days, this is quicker than average (20 days)

7 days - Origin Limited

20 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Origin Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 193 weeks, this is more cash available to meet short term requirements (31 weeks)

193 weeks - Origin Limited

31 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 11.5%, this is a lower level of debt than the average (46.9%)

11.5% - Origin Limited

46.9% - Industry AVG

ORIGIN LIMITED financials

EXPORTms excel logo

Origin Limited's latest turnover from March 2024 is estimated at £2.3 million and the company has net assets of £1.7 million. According to their latest financial statements, Origin Limited has 6 employees and maintains cash reserves of £746.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,309,5022,485,7002,000,7122,090,9012,699,0052,823,0723,013,5592,061,8625,074,4114,443,4524,743,3103,595,7093,908,0983,568,2231,802,659
Other Income Or Grants
Cost Of Sales931,536776,136786,928916,443936,164940,241990,980783,5222,071,2351,680,9511,896,7731,383,4621,484,5081,322,105468,706
Gross Profit1,377,9661,709,5641,213,7841,174,4581,762,8421,882,8312,022,5791,278,3403,003,1762,762,5012,846,5372,212,2472,423,5902,246,1181,333,954
Admin Expenses1,641,6852,719,009378,1591,623,9201,402,800702,9581,637,2431,581,9903,541,2452,804,2093,186,5711,270,9841,332,4801,489,5771,196,679
Operating Profit-263,719-1,009,445835,625-449,462360,0421,179,873385,336-303,650-538,069-41,708-340,034941,2631,091,110756,541137,275
Interest Payable921324615577925
Interest Receivable50,05575,40517,0992,1652,14311,5244,7532,7368,30510,29510,9678,9413,74774946
Pre-Tax Profit-213,756-934,172852,678-447,312362,1281,191,317390,064-300,914-529,765-31,413-329,067950,2041,094,857757,290137,321
Tax-162,009-68,804-226,350-74,112-228,049-284,663-212,041-38,450
Profit After Tax-213,756-934,172690,669-447,312293,324964,967315,952-300,914-529,765-31,413-329,067722,155810,194545,24998,871
Dividends Paid
Retained Profit-213,756-934,172690,669-447,312293,324964,967315,952-300,914-529,765-31,413-329,067722,155810,194545,24998,871
Employee Costs216,602203,919185,553179,046184,414180,970176,282181,1032,602,6292,407,6602,473,2061,847,2412,059,0311,980,804952,373
Number Of Employees6666666685828567726933
EBITDA*-245,127-986,434865,710-444,625365,7651,184,246391,166-297,361-529,684-31,202-326,594975,4681,101,565766,945147,741

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets55,77569,48990,25714,51017,16913,12017,49318,86625,15531,51740,31846,00550,23650,08350,268
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets55,77569,48990,25714,51017,16913,12017,49318,86625,15531,51740,31846,00550,23650,08350,268
Stock & work in progress
Trade Debtors916,827884,994762,799630,768945,748893,250999,995691,981851,924723,242787,632540,231697,893634,136309,183
Group Debtors
Misc Debtors150,00050,00070,000105,000120,00060,00084,590124,59044,590
Cash746,6551,160,2062,388,2832,171,4202,158,1282,128,748944,202957,0531,231,9742,089,8252,028,2192,358,7371,217,644281,18218,406
misc current assets
total current assets1,813,4822,095,2003,221,0822,907,1883,223,8763,081,9982,028,7871,773,6242,128,4882,813,0672,815,8512,898,9681,915,537915,318327,589
total assets1,869,2572,164,6893,311,3392,921,6983,241,0453,095,1182,046,2801,792,4902,153,6432,844,5842,856,1692,944,9731,965,773965,401377,857
Bank overdraft2221,4111,1641982941,585755
Bank loan
Trade Creditors 18,93260,087244,862474,285506,218504,879554,996643,828709,7701,024,5971,003,021762,057504,464315,647278,684
Group/Directors Accounts10,5728,5299,4065,0202,879
other short term finances
hp & lease commitments
other current liabilities181,077221,150234,582326,345165,474317,305184,236161,200154,617
total current liabilities200,231282,648491,180809,357681,392828,789742,866805,028864,3871,024,5971,003,021762,057504,464315,647278,684
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions13,94413,20317,1492,0522,0522,9323,8985,6466,3476,8955,534202
total long term liabilities13,94413,20317,1492,0522,0522,9323,8985,6466,3476,8955,534202
total liabilities214,175295,851508,329809,357681,392828,789744,918807,080867,3191,028,4951,008,667768,404511,359321,181278,886
net assets1,655,0821,868,8382,803,0102,112,3412,559,6532,266,3291,301,362985,4101,286,3241,816,0891,847,5022,176,5691,454,414644,22098,971
total shareholders funds1,655,0821,868,8382,803,0102,112,3412,559,6532,266,3291,301,362985,4101,286,3241,816,0891,847,5022,176,5691,454,414644,22098,971
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-263,719-1,009,445835,625-449,462360,0421,179,873385,336-303,650-538,069-41,708-340,034941,2631,091,110756,541137,275
Depreciation18,59223,01130,0854,8375,7234,3735,8306,2898,38510,50613,44034,20510,45510,40410,466
Amortisation
Tax-162,009-68,804-226,350-74,112-228,049-284,663-212,041-38,450
Stock
Debtors131,833102,19597,031-329,980112,498-131,335268,014-79,943173,272-64,390247,401-157,66263,757324,953309,183
Creditors-41,155-184,775-229,423-31,9331,339-50,117-88,832-65,942-314,82721,576240,964257,593188,81736,963278,684
Accruals and Deferred Income-40,073-13,432-91,763160,871-151,831133,06923,0366,583154,617
Deferred Taxes & Provisions741-3,94617,149-2,052-880-966-1,748-701-5481,3615,332202
Cash flow from operations-457,447-1,290,782302,63314,29333,9711,170,131-16,756-277,657-864,13253,016-333,7321,162,126943,323272,24678,994
Investing Activities
capital expenditure-4,878-2,243-105,832-2,178-9,772-4,457-2,023-1,705-7,753-29,974-10,608-10,219-60,734
Change in Investments
cash flow from investments-4,878-2,243-105,832-2,178-9,772-4,457-2,023-1,705-7,753-29,974-10,608-10,219-60,734
Financing Activities
Bank loans
Group/Directors Accounts-10,5722,043-8774,3862,1412,879
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue100
interest49,96375,27317,0532,1502,08611,4454,7282,7368,30510,29510,9678,9413,74774946
cash flow from financing49,96364,70119,0961,2736,47213,5867,6072,7368,30510,29510,9678,9413,747749146
cash and cash equivalents
cash-413,551-1,228,077216,86313,29229,3801,184,546-12,851-274,921-857,85161,606-330,5181,141,093936,462262,77618,406
overdraft-1,189247966-96-1,291830755
change in cash-412,362-1,228,324215,89713,38830,6711,183,716-13,606-274,921-857,85161,606-330,5181,141,093936,462262,77618,406

origin limited 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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Origin Limited Competitor Analysis

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Perform a competitor analysis for origin limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in NW5 area or any other competitors across 12 key performance metrics.

origin limited Ownership

ORIGIN LIMITED group structure

Origin Limited has 1 subsidiary company.

Ultimate parent company

ORIGIN LIMITED

02211999

1 subsidiary

ORIGIN LIMITED Shareholders

origin employee ownership trustees limited 100%

origin limited directors

Origin Limited currently has 2 directors. The longest serving directors include Mr Peter Langley (Dec 1998) and Mr Colm MacKernan (Feb 2004).

officercountryagestartendrole
Mr Peter LangleyUnited Kingdom62 years Dec 1998- Director
Mr Colm MacKernan60 years Feb 2004- Director

P&L

March 2024

turnover

2.3m

-7%

operating profit

-263.7k

0%

gross margin

59.7%

-13.25%

turnover

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

Balance Sheet

March 2024

net assets

1.7m

-0.11%

total assets

1.9m

-0.14%

cash

746.7k

-0.36%

net assets

Total assets minus all liabilities

origin limited company details

company number

02211999

Type

Private limited with Share Capital

industry

69102 - Solicitors

69109 - Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.

incorporation date

January 1988

age

37

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

grandbyte limited (October 1989)

accountant

-

auditor

-

address

twisden works, twisden road, london, NW5 1DN

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

origin limited 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 did not find charges/mortgages relating to origin limited.

origin limited 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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origin limited Companies House Filings - See Documents

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