step forward (tower hamlets)
step forward (tower hamlets) Company Information
Group Structure
View All
Industry
Other social work activities without accommodation n.e.c.
Registered Address
234 bethnal green road, london, E2 0AA
Website
www.stepforward-web.orgstep forward (tower hamlets) Estimated Valuation
Pomanda estimates the enterprise value of STEP FORWARD (TOWER HAMLETS) at £467.2k based on a Turnover of £810k and 0.58x industry multiple (adjusted for size and gross margin).
step forward (tower hamlets) Estimated Valuation
Pomanda estimates the enterprise value of STEP FORWARD (TOWER HAMLETS) at £1.2m based on an EBITDA of £210.7k and a 5.62x industry multiple (adjusted for size and gross margin).
step forward (tower hamlets) Estimated Valuation
Pomanda estimates the enterprise value of STEP FORWARD (TOWER HAMLETS) at £4.5m based on Net Assets of £1.5m and 3.02x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Step Forward (tower Hamlets) Overview
Step Forward (tower Hamlets) is a live company located in london, E2 0AA with a Companies House number of 02441231. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in November 1989, it's largest shareholder is unknown. Step Forward (tower Hamlets) is a mature, small sized company, Pomanda has estimated its turnover at £810k with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Step Forward (tower Hamlets) Health Check
Pomanda's financial health check has awarded Step Forward (Tower Hamlets) a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
0 Weak
Size
annual sales of £810k, make it larger than the average company (£455.4k)
£810k - Step Forward (tower Hamlets)
£455.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.2%)
14% - Step Forward (tower Hamlets)
5.2% - Industry AVG
Production
with a gross margin of 67.8%, this company has a comparable cost of product (67.8%)
67.8% - Step Forward (tower Hamlets)
67.8% - Industry AVG
Profitability
an operating margin of 25% make it more profitable than the average company (3.5%)
25% - Step Forward (tower Hamlets)
3.5% - Industry AVG
Employees
with 16 employees, this is above the industry average (13)
16 - Step Forward (tower Hamlets)
13 - Industry AVG
Pay Structure
on an average salary of £27.5k, the company has an equivalent pay structure (£23.6k)
£27.5k - Step Forward (tower Hamlets)
£23.6k - Industry AVG
Efficiency
resulting in sales per employee of £50.6k, this is more efficient (£38.3k)
£50.6k - Step Forward (tower Hamlets)
£38.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Step Forward (tower Hamlets)
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Step Forward (tower Hamlets)
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Step Forward (tower Hamlets)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 328 weeks, this is more cash available to meet short term requirements (247 weeks)
328 weeks - Step Forward (tower Hamlets)
247 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7%, this is a lower level of debt than the average (12.9%)
7% - Step Forward (tower Hamlets)
12.9% - Industry AVG
STEP FORWARD (TOWER HAMLETS) financials
Step Forward (Tower Hamlets)'s latest turnover from March 2023 is £810 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Step Forward (Tower Hamlets) has 16 employees and maintains cash reserves of £705.3 thousand 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 | 810,028 | 743,433 | 705,682 | 541,230 | 542,447 | 616,177 | 649,226 | 479,878 | 371,053 | 204,015 | 245,277 | 243,904 | 291,574 | 279,180 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 526 | 563 | 113 | 784 | ||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 186,077 | 144,007 | 150,581 | -14,544 | 43,613 | 55,110 | 186,429 | 124,033 | 99,123 | -24,329 | 19,973 | 5,504 | -8,010 | -10,863 |
| Tax | ||||||||||||||
| Profit After Tax | 186,077 | 144,007 | 150,581 | -14,544 | 43,613 | 55,110 | 186,429 | 124,033 | 99,123 | -24,329 | 19,973 | 5,504 | -8,010 | -10,863 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 186,077 | 144,007 | 150,581 | -14,544 | 43,613 | 55,110 | 186,429 | 124,033 | 99,123 | -24,329 | 19,973 | 5,504 | -8,010 | -10,863 |
| Employee Costs | 439,327 | 418,558 | 383,846 | 398,017 | 352,112 | 376,961 | 377,075 | 290,266 | 211,914 | 181,236 | 170,061 | 182,345 | 237,337 | 223,419 |
| Number Of Employees | 16 | 15 | 13 | 13 | 13 | 11 | 12 | 10 | 6 | 4 | 4 | 6 | 8 | 8 |
| 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 | 335,704 | 343,699 | 330,371 | 335,631 | 341,243 | 344,436 | 350,177 | 351,557 | 352,671 | 356,677 | 360,936 | 365,404 | 370,456 | 375,535 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 335,704 | 343,699 | 330,371 | 335,631 | 341,243 | 344,436 | 350,177 | 351,557 | 352,671 | 356,677 | 360,936 | 365,404 | 370,456 | 375,535 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 18,662 | 12,064 | 73,000 | 88,592 | 338,367 | 130,858 | 138,478 | 52,657 | 25,552 | 37,178 | 85,440 | 7,822 | ||
| Group Debtors | ||||||||||||||
| Misc Debtors | 559,322 | 417,629 | 412,846 | 209,485 | 6,407 | 987 | 5,863 | 975 | 784 | 10,618 | 14,341 | 5,112 | 5,089 | 5,266 |
| Cash | 705,280 | 565,481 | 499,785 | 536,761 | 653,830 | 583,750 | 263,371 | 267,318 | 140,879 | 108,437 | 159,675 | 162,438 | 125,029 | 191,634 |
| misc current assets | ||||||||||||||
| total current assets | 1,264,602 | 983,110 | 931,293 | 758,310 | 733,237 | 673,329 | 607,601 | 399,151 | 280,141 | 171,712 | 199,568 | 204,728 | 215,558 | 204,722 |
| total assets | 1,600,306 | 1,326,809 | 1,261,664 | 1,093,941 | 1,074,480 | 1,017,765 | 957,778 | 750,708 | 632,812 | 528,389 | 560,504 | 570,132 | 586,014 | 580,257 |
| Bank overdraft | ||||||||||||||
| Bank loan | 1,590 | 4,080 | ||||||||||||
| Trade Creditors | 5,400 | 7,241 | 7,000 | |||||||||||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | 4,080 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 111,808 | 24,388 | 97,850 | 86,108 | 52,103 | 39,001 | 26,883 | 6,483 | 19,620 | 14,320 | 22,106 | 50,117 | 67,535 | 49,483 |
| total current liabilities | 111,808 | 24,388 | 103,250 | 86,108 | 52,103 | 39,001 | 34,124 | 13,483 | 19,620 | 14,320 | 22,106 | 51,707 | 71,615 | 53,563 |
| loans | 1,478 | 5,763 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 1,478 | 5,763 | ||||||||||||
| total liabilities | 111,808 | 24,388 | 103,250 | 86,108 | 52,103 | 39,001 | 34,124 | 13,483 | 19,620 | 14,320 | 22,106 | 51,707 | 73,093 | 59,326 |
| net assets | 1,488,498 | 1,302,421 | 1,158,414 | 1,007,833 | 1,022,377 | 978,764 | 923,654 | 737,225 | 613,192 | 514,069 | 538,398 | 518,425 | 512,921 | 520,931 |
| total shareholders funds | 1,488,498 | 1,302,421 | 1,158,414 | 1,007,833 | 1,022,377 | 978,764 | 923,654 | 737,225 | 613,192 | 514,069 | 538,398 | 518,425 | 512,921 | 520,931 |
| 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 | 7,994 | 8,907 | 5,261 | 5,612 | 6,080 | 5,741 | 5,752 | 5,308 | 4,260 | 4,259 | 4,468 | 5,052 | 5,079 | 5,240 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | 141,693 | -13,879 | 209,959 | 142,142 | -10,172 | -254,651 | 212,397 | -7,429 | 75,987 | 23,382 | -2,397 | -48,239 | 77,441 | 13,088 |
| Creditors | -5,400 | 5,400 | -7,241 | 241 | 7,000 | |||||||||
| Accruals and Deferred Income | 87,420 | -73,462 | 11,742 | 34,005 | 13,102 | 12,118 | 20,400 | -13,137 | 5,300 | -7,786 | -28,011 | -17,418 | 18,052 | 49,483 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -2,887 | -4,372 | -4,194 | |||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -2,887 | -4,372 | -4,194 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -1,590 | -2,490 | 4,080 | |||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | -4,080 | 4,080 | ||||||||||||
| Long term loans | -1,478 | -4,285 | 5,763 | |||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -526 | -563 | -113 | -784 | ||||||||||
| cash flow from financing | -526 | -563 | -1,590 | -4,081 | -4,285 | 540,853 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 139,799 | 65,696 | -36,976 | -117,069 | 70,080 | 320,379 | -3,947 | 126,439 | 32,442 | -51,238 | -2,763 | 37,409 | -66,605 | 191,634 |
| overdraft | ||||||||||||||
| change in cash | 139,799 | 65,696 | -36,976 | -117,069 | 70,080 | 320,379 | -3,947 | 126,439 | 32,442 | -51,238 | -2,763 | 37,409 | -66,605 | 191,634 |
step forward (tower hamlets) Credit Report and Business Information
Step Forward (tower Hamlets) Competitor Analysis
Perform a competitor analysis for step forward (tower hamlets) by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in E 2 area or any other competitors across 12 key performance metrics.
step forward (tower hamlets) Ownership
STEP FORWARD (TOWER HAMLETS) group structure
Step Forward (Tower Hamlets) has no subsidiary companies.
Ultimate parent company
STEP FORWARD (TOWER HAMLETS)
02441231
step forward (tower hamlets) directors
Step Forward (Tower Hamlets) currently has 4 directors. The longest serving directors include Mr Dennis Twomey (Feb 2004) and Ms Naomi Gaffney (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dennis Twomey | 80 years | Feb 2004 | - | Director | |
| Ms Naomi Gaffney | 43 years | Nov 2018 | - | Director | |
| Mrs Bolade Kerr | 33 years | Jan 2022 | - | Director | |
| Mr Hussein Ali | United Kingdom | 35 years | Jan 2022 | - | Director |
P&L
March 2023turnover
810k
+9%
operating profit
202.7k
0%
gross margin
67.9%
-8.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.5m
+0.14%
total assets
1.6m
+0.21%
cash
705.3k
+0.25%
net assets
Total assets minus all liabilities
Similar Companies
step forward (tower hamlets) company details
company number
02441231
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
November 1989
age
36
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
tower hamlets youth counselling service (January 2000)
accountant
-
auditor
SHAW GIBBS (AUDIT) LIMITED
address
234 bethnal green road, london, E2 0AA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
step forward (tower hamlets) 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 step forward (tower hamlets). Currently there are 1 open charges and 1 have been satisfied in the past.
step forward (tower hamlets) 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 STEP FORWARD (TOWER HAMLETS). This can take several minutes, an email will notify you when this has completed.
step forward (tower hamlets) Companies House Filings - See Documents
| date | description | view/download |
|---|
