centre 404
centre 404 Company Information
Company Number
02270299
Next Accounts
27 days late
Industry
Social work activities without accommodation for the elderly and disabled
Shareholders
-
Group Structure
View All
Contact
Registered Address
404 camden road, london, N7 0SJ
Website
http://centre404.org.ukcentre 404 Estimated Valuation
Pomanda estimates the enterprise value of CENTRE 404 at £4.5m based on a Turnover of £7.2m and 0.62x industry multiple (adjusted for size and gross margin).
centre 404 Estimated Valuation
Pomanda estimates the enterprise value of CENTRE 404 at £0 based on an EBITDA of £-161.8k and a 6x industry multiple (adjusted for size and gross margin).
centre 404 Estimated Valuation
Pomanda estimates the enterprise value of CENTRE 404 at £14.3m based on Net Assets of £4.5m and 3.15x industry multiple (adjusted for liquidity).
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Centre 404 Overview
Centre 404 is a live company located in london, N7 0SJ with a Companies House number of 02270299. It operates in the social work activities without accommodation for the elderly and disabled sector, SIC Code 88100. Founded in June 1988, it's largest shareholder is unknown. Centre 404 is a mature, mid sized company, Pomanda has estimated its turnover at £7.2m with low growth in recent years.
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Centre 404 Health Check
Pomanda's financial health check has awarded Centre 404 a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £7.2m, make it larger than the average company (£499.6k)
£7.2m - Centre 404
£499.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (2.7%)
2% - Centre 404
2.7% - Industry AVG
Production
with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)
31.6% - Centre 404
31.6% - Industry AVG
Profitability
an operating margin of -5.3% make it less profitable than the average company (2.1%)
-5.3% - Centre 404
2.1% - Industry AVG
Employees
with 269 employees, this is above the industry average (17)
269 - Centre 404
17 - Industry AVG
Pay Structure
on an average salary of £24.1k, the company has a higher pay structure (£19.8k)
£24.1k - Centre 404
£19.8k - Industry AVG
Efficiency
resulting in sales per employee of £26.7k, this is equally as efficient (£28.9k)
£26.7k - Centre 404
£28.9k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (19 days)
50 days - Centre 404
19 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is slower than average (7 days)
18 days - Centre 404
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Centre 404
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 120 weeks, this is less cash available to meet short term requirements (233 weeks)
120 weeks - Centre 404
233 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.7%, this is a similar level of debt than the average (12.8%)
11.7% - Centre 404
12.8% - Industry AVG
CENTRE 404 financials
Centre 404's latest turnover from March 2023 is £7.2 million and the company has net assets of £4.5 million. According to their latest financial statements, Centre 404 has 269 employees and maintains cash reserves of £1.4 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 | 7,188,980 | 6,840,716 | 6,775,102 | 6,845,799 | 5,300,303 | 4,770,484 | 4,571,558 | 4,605,994 | 4,168,020 | 3,122,354 | 2,932,543 | 3,168,102 | 2,066,397 | 1,797,260 |
| 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 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -315,468 | 83,096 | 615,930 | 951,266 | 326,159 | 294,101 | 355,713 | 317,096 | 430,008 | 51,846 | 130,632 | 372,387 | 379,434 | 103,469 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -315,468 | 83,096 | 615,930 | 951,266 | 326,159 | 294,101 | 355,713 | 317,096 | 430,008 | 51,846 | 130,632 | 372,387 | 379,434 | 103,469 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -315,468 | 83,096 | 615,930 | 951,266 | 326,159 | 294,101 | 355,713 | 317,096 | 430,008 | 51,846 | 130,632 | 372,387 | 379,434 | 103,469 |
| Employee Costs | 6,492,081 | 5,817,485 | 5,467,068 | 5,098,608 | 4,425,208 | 4,016,157 | 3,865,607 | 3,797,776 | 3,239,600 | 2,600,025 | 2,413,936 | 2,413,168 | 1,333,150 | 1,329,060 |
| Number Of Employees | 269 | 241 | 241 | 220 | 186 | 171 | 175 | 161 | 140 | 120 | 115 | 166 | 111 | 111 |
| 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 | 2,597,121 | 2,760,697 | 2,905,931 | 2,430,958 | 1,068,168 | 1,026,582 | 952,492 | 989,065 | 1,039,797 | 1,023,457 | 1,070,842 | 707,958 | 218,864 | 168,382 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,597,121 | 2,760,697 | 2,905,931 | 2,430,958 | 1,068,168 | 1,026,582 | 952,492 | 989,065 | 1,039,797 | 1,023,457 | 1,070,842 | 707,958 | 218,864 | 168,382 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 988,458 | 752,000 | 489,024 | 837,919 | 389,430 | 249,702 | 286,208 | 260,015 | 159,748 | 79,749 | 158,200 | 54,874 | 63,285 | 35,562 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 164,550 | 189,179 | 44,817 | 97,264 | 50,996 | 28,027 | 16,368 | 42,349 | 5,363 | 93,908 | 8,865 | 15,446 | 6,102 | 6,872 |
| Cash | 1,400,870 | 1,854,520 | 1,973,854 | 1,247,882 | 2,080,589 | 1,871,078 | 1,650,605 | 1,299,915 | 1,137,836 | 763,086 | 741,031 | 835,844 | 911,875 | 540,761 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,553,878 | 2,795,699 | 2,507,695 | 2,183,065 | 2,521,015 | 2,148,807 | 1,953,181 | 1,602,279 | 1,302,947 | 936,743 | 908,096 | 906,164 | 981,262 | 583,195 |
| total assets | 5,150,999 | 5,556,396 | 5,413,626 | 4,614,023 | 3,589,183 | 3,175,389 | 2,905,673 | 2,591,344 | 2,342,744 | 1,960,200 | 1,978,938 | 1,614,122 | 1,200,126 | 751,577 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,242 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 2,691 | 2,597 | 2,497 | 2,410 | 2,330 | 0 | 6,891 | 14,504 | 0 | 0 | 0 | 0 |
| Trade Creditors | 252,757 | 229,653 | 212,007 | 158,314 | 184,951 | 76,116 | 82,478 | 53,409 | 37,210 | 59,710 | 35,985 | 44,676 | 0 | 0 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 350,635 | 463,668 | 386,013 | 253,388 | 150,735 | 169,562 | 185,169 | 253,497 | 202,018 | 169,122 | 205,093 | 262,218 | 265,285 | 196,170 |
| total current liabilities | 603,392 | 693,321 | 600,711 | 414,299 | 338,183 | 248,088 | 269,977 | 309,148 | 246,119 | 243,336 | 241,078 | 306,894 | 265,285 | 196,170 |
| loans | 0 | 0 | 32,936 | 35,675 | 38,217 | 40,677 | 43,173 | 45,386 | 176,911 | 227,158 | 300,000 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 32,936 | 35,675 | 38,217 | 40,677 | 43,173 | 45,386 | 176,911 | 227,158 | 300,000 | 0 | 0 | 0 |
| total liabilities | 603,392 | 693,321 | 633,647 | 449,974 | 376,400 | 288,765 | 313,150 | 354,534 | 423,030 | 470,494 | 541,078 | 306,894 | 265,285 | 196,170 |
| net assets | 4,547,607 | 4,863,075 | 4,779,979 | 4,164,049 | 3,212,783 | 2,886,624 | 2,592,523 | 2,236,810 | 1,919,714 | 1,489,706 | 1,437,860 | 1,307,228 | 934,841 | 555,407 |
| total shareholders funds | 4,547,607 | 4,863,075 | 4,779,979 | 4,164,049 | 3,212,783 | 2,886,624 | 2,592,523 | 2,236,810 | 1,919,714 | 1,489,706 | 1,437,860 | 1,307,228 | 934,841 | 555,407 |
| 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 | 222,858 | 224,900 | 190,534 | 105,025 | 107,168 | 82,749 | 75,703 | 75,144 | 73,697 | 65,956 | 51,693 | 16,298 | 15,356 | 12,020 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 211,829 | 407,338 | -401,342 | 494,757 | 162,697 | -24,847 | 212 | 137,253 | -8,546 | 6,592 | 96,745 | 933 | 26,953 | 42,434 |
| Creditors | 23,104 | 17,646 | 53,693 | -26,637 | 108,835 | -6,362 | 29,069 | 16,199 | -22,500 | 23,725 | -8,691 | 44,676 | 0 | 0 |
| Accruals and Deferred Income | -113,033 | 77,655 | 132,625 | 102,653 | -18,827 | -15,607 | -68,328 | 51,479 | 32,896 | -35,971 | -57,125 | -3,067 | 69,115 | 196,170 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -156,839 | -39,130 | -24,412 | -90,037 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -156,839 | -39,130 | -24,412 | -90,037 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -2,691 | 94 | 100 | 87 | 80 | 2,330 | -6,891 | -7,613 | 14,504 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 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 |
| Long term loans | 0 | -32,936 | -2,739 | -2,542 | -2,460 | -2,496 | -2,213 | -131,525 | -50,247 | -72,842 | 300,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| cash flow from financing | 0 | -35,627 | -2,645 | -2,442 | -2,373 | -2,416 | 117 | -138,416 | 300,000 | 0 | 0 | 451,938 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -453,650 | -119,334 | 725,972 | -832,707 | 209,511 | 220,473 | 350,690 | 162,079 | 374,750 | 22,055 | -94,813 | -76,031 | 371,114 | 540,761 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -2,242 | 2,242 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -453,650 | -119,334 | 725,972 | -832,707 | 209,511 | 220,473 | 352,932 | 159,837 | 374,750 | 22,055 | -94,813 | -76,031 | 371,114 | 540,761 |
centre 404 Credit Report and Business Information
Centre 404 Competitor Analysis
Perform a competitor analysis for centre 404 by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in N 7 area or any other competitors across 12 key performance metrics.
centre 404 Ownership
CENTRE 404 group structure
Centre 404 has no subsidiary companies.
Ultimate parent company
CENTRE 404
02270299
centre 404 directors
Centre 404 currently has 9 directors. The longest serving directors include Ms Tara Willson (Jul 2001) and Copeland Ingram (Jul 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Tara Willson | 58 years | Jul 2001 | - | Director | |
| Copeland Ingram | 63 years | Jul 2004 | - | Director | |
| Mr Paul Formosa | 47 years | Jul 2010 | - | Director | |
| Mr Derek Weist | 64 years | Jan 2013 | - | Director | |
| Mr Etienne Makosso | England | 59 years | Nov 2020 | - | Director |
| Mr Felix Arnold | United Kingdom | 51 years | Jul 2022 | - | Director |
| Ms Margaret Elliott | England | 65 years | Sep 2023 | - | Director |
| Ms Faye Oliver | 35 years | Sep 2023 | - | Director | |
| Mr Robert McLaughlin | 65 years | Jan 2024 | - | Director |
P&L
March 2023turnover
7.2m
+5%
operating profit
-384.6k
0%
gross margin
31.7%
+1.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.5m
-0.06%
total assets
5.2m
-0.07%
cash
1.4m
-0.24%
net assets
Total assets minus all liabilities
centre 404 company details
company number
02270299
Type
Private Ltd By Guarantee w/o Share Cap
industry
88100 - Social work activities without accommodation for the elderly and disabled
incorporation date
June 1988
age
37
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
islington mencap (April 2001)
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
404 camden road, london, N7 0SJ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
RECULVER
centre 404 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 2 charges/mortgages relating to centre 404. Currently there are 2 open charges and 0 have been satisfied in the past.
centre 404 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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centre 404 Companies House Filings - See Documents
| date | description | view/download |
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