independent trustee limited

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independent trustee limited Company Information

Share INDEPENDENT TRUSTEE LIMITED

Company Number

02473669

Shareholders

independent governance group limited

Group Structure

View All

Industry

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

 

Registered Address

westgate 9 holborn, london, EC1N 2LL

independent trustee limited Estimated Valuation

£176.2k

Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE LIMITED at £176.2k based on a Turnover of £376.9k and 0.47x industry multiple (adjusted for size and gross margin).

independent trustee limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE LIMITED at £1.3m based on an EBITDA of £523k and a 2.52x industry multiple (adjusted for size and gross margin).

independent trustee limited Estimated Valuation

£785.5k

Pomanda estimates the enterprise value of INDEPENDENT TRUSTEE LIMITED at £785.5k based on Net Assets of £447.6k and 1.76x industry multiple (adjusted for liquidity).

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Independent Trustee Limited Overview

Independent Trustee Limited is a live company located in london, EC1N 2LL with a Companies House number of 02473669. It operates in the activities of patent and copyright agents sector, SIC Code 69109. Founded in February 1990, it's largest shareholder is independent governance group limited with a 100% stake. Independent Trustee Limited is a mature, micro sized company, Pomanda has estimated its turnover at £376.9k with declining growth in recent years.

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Independent Trustee Limited Health Check

Pomanda's financial health check has awarded Independent Trustee Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £376.9k, make it smaller than the average company (£572.3k)

£376.9k - Independent Trustee Limited

£572.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (8.5%)

-15% - Independent Trustee Limited

8.5% - Industry AVG

production

Production

with a gross margin of 26%, this company has a higher cost of product (53.2%)

26% - Independent Trustee Limited

53.2% - Industry AVG

profitability

Profitability

an operating margin of 138.8% make it more profitable than the average company (9.1%)

138.8% - Independent Trustee Limited

9.1% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (7)

3 - Independent Trustee Limited

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)

£33.5k - Independent Trustee Limited

£33.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £125.6k, this is more efficient (£69.3k)

£125.6k - Independent Trustee Limited

£69.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 131 days, this is later than average (51 days)

131 days - Independent Trustee Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (15 days)

0 days - Independent Trustee Limited

15 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Independent Trustee Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 110 weeks, this is more cash available to meet short term requirements (31 weeks)

110 weeks - Independent Trustee Limited

31 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38.4%, this is a lower level of debt than the average (49.1%)

38.4% - Independent Trustee Limited

49.1% - Industry AVG

INDEPENDENT TRUSTEE LIMITED financials

EXPORTms excel logo

Independent Trustee Limited's latest turnover from March 2024 is estimated at £376.9 thousand and the company has net assets of £447.6 thousand. According to their latest financial statements, we estimate that Independent Trustee Limited has 3 employees and maintains cash reserves of £590.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover376,932309,909605,371776,296685,132626,326634,587594,528749,888439,682431,620397,477371,972485,405484,817
Other Income Or Grants
Cost Of Sales279,106210,732431,889540,547457,136428,135416,313359,056489,337302,094263,717229,388213,970258,897
Gross Profit97,82699,177173,482235,749227,996198,191218,274235,472260,551137,588167,903168,089158,002226,508
Admin Expenses-425,21754,679165,965184,432170,071127,787150,530179,936203,312103,019167,903168,089158,002226,508
Operating Profit523,04344,4987,51751,31757,92570,40467,74455,53657,23934,569
Interest Payable
Interest Receivable20,9074,379
Pre-Tax Profit543,95148,8777,61351,36256,54970,96568,62456,57257,40534,176
Tax-135,988-9,287-1,446-9,759-9,325-13,700-13,656-12,064-11,481-6,835
Profit After Tax407,96339,5906,16741,60347,22457,26554,96844,50845,92427,341
Dividends Paid50,00070,00040,00050,00050,00065,000
Retained Profit407,96339,590-43,833-28,3977,2247,2654,968-20,49245,92427,341
Employee Costs100,62895,025141,043181,132160,868151,557158,787153,692167,47194,455123,29489,51961,368111,460
Number Of Employees33565554534324
EBITDA*523,04344,4987,51751,31757,92570,40467,74455,53657,23934,569

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors135,801112,871124,94523,921274,103253,976319,564296,600263,220280,831249,78423,70319,51863,797203,426
Group Debtors
Misc Debtors11,0932,651254,28370,4712,4682,9522,0042,0984,530130,11276,49587,786
Cash590,396206,06926,71750,39639,95060,38118,01529,04150,18316,109
misc current assets
total current assets726,197330,033154,313328,600384,524316,825340,531327,645315,501301,470249,784153,81596,013151,583203,426
total assets726,197330,033154,313328,600384,524316,825340,531327,645315,501301,470249,784153,81596,013151,583203,426
Bank overdraft
Bank loan
Trade Creditors 34107,10523,95836,90163,79773,149
Group/Directors Accounts116,664259,614125,767211,220219,268187,842200,235102,410162,485202,083249,782153,81396,011
other short term finances
hp & lease commitments
other current liabilities161,94430,82728,54473,54593,02463,97582,55365,35555,79135,14387,784130,275
total current liabilities278,642290,441154,311284,765312,292251,817282,788274,870242,234274,127249,782153,81396,011151,581203,424
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities278,642290,441154,311284,765312,292251,817282,788274,870242,234274,127249,782153,81396,011151,581203,424
net assets447,55539,592243,83572,23265,00857,74352,77573,26727,34322222
total shareholders funds447,55539,592243,83572,23265,00857,74352,77573,26727,34322222
Mar 2024Mar 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit523,04344,4987,51751,31757,92570,40467,74455,53657,23934,569
Depreciation
Amortisation
Tax-135,988-9,287-1,446-9,759-9,325-13,700-13,656-12,064-11,481-6,835
Stock
Debtors11,837123,964-150,608-66,37088,130-66,07223,91233,286-20,04335,57795,96957,802-55,570-51,843203,426
Creditors34-107,10583,147-12,94336,901-63,797-9,35273,149
Accruals and Deferred Income131,11730,827-45,001-19,47929,049-18,57817,1989,56420,64835,143-87,784-42,491130,275
Deferred Taxes & Provisions
Cash flow from operations506,369-57,926111,67888,449-10,481104,198-59,731102,89773,50664,201-95,969-57,802-96,011-2
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-142,950259,614-85,453-8,04831,426-12,39397,825-60,075-39,598-47,69995,96957,80296,011
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue22
interest20,9074,379
cash flow from financing-122,043263,995-85,453-8,04831,426-12,39397,825-60,075-39,598-47,69995,96957,80296,0112
cash and cash equivalents
cash384,327206,069-23,67910,446-20,43142,366-11,026-21,14234,07416,109
overdraft
change in cash384,327206,069-23,67910,446-20,43142,366-11,026-21,14234,07416,109

independent trustee 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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Independent Trustee Limited Competitor Analysis

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Perform a competitor analysis for independent trustee limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC1N area or any other competitors across 12 key performance metrics.

independent trustee limited Ownership

INDEPENDENT TRUSTEE LIMITED group structure

Independent Trustee Limited has no subsidiary companies.

Ultimate parent company

2 parents

INDEPENDENT TRUSTEE LIMITED

02473669

INDEPENDENT TRUSTEE LIMITED Shareholders

independent governance group limited 100%

independent trustee limited directors

Independent Trustee Limited currently has 5 directors. The longest serving directors include Mr Ian Pittaway (Feb 1992) and Mr Christopher Martin (Jan 2022).

officercountryagestartendrole
Mr Ian PittawayEngland68 years Feb 1992- Director
Mr Christopher MartinUnited Kingdom60 years Jan 2022- Director
Mr Andrew BradshawUnited Kingdom50 years Feb 2023- Director
Mr Anthony LivingstoneEngland54 years Feb 2023- Director
Ms Catherine HardinghamUnited Kingdom47 years Jun 2024- Director

P&L

March 2024

turnover

376.9k

+22%

operating profit

523k

0%

gross margin

26%

-18.9%

turnover

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

Balance Sheet

March 2024

net assets

447.6k

+10.3%

total assets

726.2k

+1.2%

cash

590.4k

+1.87%

net assets

Total assets minus all liabilities

independent trustee limited company details

company number

02473669

Type

Private limited with Share Capital

industry

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

incorporation date

February 1990

age

35

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

westgate 9 holborn, london, EC1N 2LL

Bank

-

Legal Advisor

-

independent trustee 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 found 6 charges/mortgages relating to independent trustee limited. Currently there are 2 open charges and 4 have been satisfied in the past.

independent trustee 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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independent trustee limited Companies House Filings - See Documents

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