platfform for change Company Information
Company Number
02546880
Website
http://gofal.org.ukRegistered Address
beaufort house beaufort road, morriston, swansea, SA6 8JG
Industry
Other personal service activities n.e.c.
Other social work activities without accommodation n.e.c.
Telephone
01656647722
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
platfform for change Estimated Valuation
Pomanda estimates the enterprise value of PLATFFORM FOR CHANGE at £10.8m based on a Turnover of £12.9m and 0.84x industry multiple (adjusted for size and gross margin).
platfform for change Estimated Valuation
Pomanda estimates the enterprise value of PLATFFORM FOR CHANGE at £0 based on an EBITDA of £-153.5k and a 7.21x industry multiple (adjusted for size and gross margin).
platfform for change Estimated Valuation
Pomanda estimates the enterprise value of PLATFFORM FOR CHANGE at £7.9m based on Net Assets of £2.4m and 3.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Platfform For Change Overview
Platfform For Change is a live company located in swansea, SA6 8JG with a Companies House number of 02546880. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in October 1990, it's largest shareholder is unknown. Platfform For Change is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Platfform For Change Health Check
Pomanda's financial health check has awarded Platfform For Change a 3 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](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
3 Regular
![positive_score](/assets/images/scoreRate0.png)
5 Weak
![size](/assets/images/scoreRate2.png)
Size
annual sales of £12.9m, make it larger than the average company (£632.7k)
£12.9m - Platfform For Change
£632.7k - Industry AVG
![growth](/assets/images/scoreRate2.png)
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.4%)
7% - Platfform For Change
5.4% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 42.8%, this company has a comparable cost of product (42.8%)
42.8% - Platfform For Change
42.8% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of -2.2% make it less profitable than the average company (5.1%)
-2.2% - Platfform For Change
5.1% - Industry AVG
![employees](/assets/images/scoreRate2.png)
Employees
with 439 employees, this is above the industry average (14)
439 - Platfform For Change
14 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £22k, the company has an equivalent pay structure (£25.5k)
£22k - Platfform For Change
£25.5k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £29.4k, this is less efficient (£53.5k)
£29.4k - Platfform For Change
£53.5k - Industry AVG
![debtordays](/assets/images/scoreRate1.png)
Debtor Days
it gets paid by customers after 25 days, this is near the average (21 days)
25 days - Platfform For Change
21 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (24 days)
12 days - Platfform For Change
24 days - Industry AVG
![stockdays](/assets/images/scoreRate2.png)
Stock Days
it holds stock equivalent to 0 days, this is less than average (30 days)
0 days - Platfform For Change
30 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 86 weeks, this is less cash available to meet short term requirements (160 weeks)
86 weeks - Platfform For Change
160 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate0.png)
Debt Level
it has a ratio of liabilities to total assets of 54.7%, this is a higher level of debt than the average (25.1%)
54.7% - Platfform For Change
25.1% - Industry AVG
PLATFFORM FOR CHANGE financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Platfform For Change's latest turnover from March 2023 is £12.9 million and the company has net assets of £2.4 million. According to their latest financial statements, Platfform For Change has 439 employees and maintains cash reserves of £2.5 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 | 12,892,611 | 11,771,690 | 10,316,824 | 10,642,953 | 8,699,625 | 8,650,055 | 7,343,264 | 6,699,255 | 6,295,813 | 4,517,158 | 4,285,910 | 4,203,194 | 4,128,457 | 3,923,454 |
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 | 0 | |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | -324,678 | -172,241 | 365,825 | 1,553,579 | -254,717 | -279,785 | -82,879 | -49,152 | 194,870 | 32,246 | 159,401 | 145,490 | -60,396 | -94,293 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | -9,037 | 0 | 0 | 0 | 331 | -331 | 0 | 0 |
Profit After Tax | -324,678 | -172,241 | 365,825 | 1,553,579 | -254,717 | -279,785 | -91,916 | -49,152 | 194,870 | 32,246 | 159,732 | 145,159 | -60,396 | -94,293 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -324,678 | -172,241 | 365,825 | 1,553,579 | -254,717 | -279,785 | -91,916 | -49,152 | 194,870 | 32,246 | 159,732 | 145,159 | -60,396 | -94,293 |
Employee Costs | 9,636,562 | 8,959,667 | 7,064,996 | 6,300,319 | 5,892,916 | 6,159,089 | 5,695,894 | 4,380,154 | 4,163,513 | 3,209,057 | 3,047,151 | 2,865,376 | 2,994,408 | 2,843,418 |
Number Of Employees | 439 | 393 | 340 | 347 | 298 | 309 | 317 | 237 | 238 | 157 | 142 | 138 | 127 | 113 |
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 | 1,213,401 | 904,598 | 842,504 | 1,799,284 | 878,643 | 813,274 | 853,069 | 853,178 | 900,428 | 399,173 | 329,281 | 289,574 | 293,915 | 299,913 |
Intangible Assets | 163,024 | 0 | 0 | 0 | 150,000 | 241,322 | 2,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 242,260 | 241,597 | 558,988 | 332,840 | 335,423 | 503,831 | 172,138 | 142,631 | 141,046 | 132,327 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,376,425 | 904,598 | 842,504 | 1,799,284 | 1,270,903 | 1,296,193 | 1,414,557 | 1,186,018 | 1,235,851 | 903,004 | 501,419 | 432,205 | 434,961 | 432,240 |
Stock & work in progress | 723 | 0 | 217,842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,266 | 2,913 | 2,766 |
Trade Debtors | 913,459 | 1,548,088 | 1,307,063 | 903,054 | 600,046 | 927,036 | 929,133 | 604,908 | 515,321 | 402,140 | 372,105 | 12,320 | 0 | 0 |
Group Debtors | 204,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 261,599 | 352,805 | 290,463 | 221,913 | 283,866 | 250,729 | 132,339 | 122,129 | 84,533 | 55,853 | 58,422 | 253,240 | 311,322 | 165,409 |
Cash | 2,462,495 | 1,921,172 | 2,235,375 | 1,249,006 | 693,351 | 532,044 | 436,384 | 649,766 | 765,378 | 596,912 | 985,619 | 941,330 | 680,461 | 710,049 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,842,776 | 3,822,065 | 4,050,743 | 2,373,973 | 1,577,263 | 1,709,809 | 1,497,856 | 1,376,803 | 1,365,232 | 1,054,905 | 1,416,146 | 1,209,156 | 994,696 | 878,224 |
total assets | 5,219,201 | 4,726,663 | 4,893,247 | 4,173,257 | 2,848,166 | 3,006,002 | 2,912,413 | 2,562,821 | 2,601,083 | 1,957,909 | 1,917,565 | 1,641,361 | 1,429,657 | 1,310,464 |
Bank overdraft | 173,320 | 205,593 | 122,972 | 256,097 | 118,881 | 303,567 | 32,003 | 19,414 | 25,057 | 0 | 0 | 625 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 249,281 | 185,853 | 336,229 | 266,465 | 365,210 | 302,012 | 326,441 | 311,671 | 233,683 | 115,025 | 74,847 | 2,066 | 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 | 1,056,410 | 804,578 | 581,504 | 592,636 | 669,257 | 968,519 | 541,198 | 419,560 | 455,873 | 493,650 | 529,561 | 511,404 | 445,062 | 269,715 |
total current liabilities | 1,479,011 | 1,196,024 | 1,040,705 | 1,115,198 | 1,153,348 | 1,574,098 | 899,642 | 750,645 | 714,613 | 608,675 | 604,408 | 514,095 | 445,062 | 269,715 |
loans | 1,375,677 | 841,447 | 991,110 | 711,398 | 751,736 | 238,246 | 273,152 | 293,355 | 312,783 | 0 | 0 | 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 | 271,726 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 1,382 | 0 | 0 | 0 | 0 | 331 | 0 | 0 |
total long term liabilities | 1,375,677 | 841,447 | 991,110 | 711,398 | 751,736 | 238,246 | 546,260 | 293,355 | 312,783 | 0 | 0 | 331 | 0 | 0 |
total liabilities | 2,854,688 | 2,037,471 | 2,031,815 | 1,826,596 | 1,905,084 | 1,812,344 | 1,445,902 | 1,044,000 | 1,027,396 | 608,675 | 604,408 | 514,426 | 445,062 | 269,715 |
net assets | 2,364,513 | 2,689,192 | 2,861,432 | 2,346,661 | 943,082 | 1,193,658 | 1,466,511 | 1,518,821 | 1,573,687 | 1,349,234 | 1,313,157 | 1,126,935 | 984,595 | 1,040,749 |
total shareholders funds | 2,364,513 | 2,689,192 | 2,861,432 | 2,346,661 | 943,082 | 1,193,658 | 1,466,511 | 1,518,821 | 1,573,687 | 1,349,234 | 1,313,157 | 1,126,935 | 984,595 | 1,040,749 |
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 | 131,276 | 94,313 | 101,859 | 76,934 | 69,815 | 75,037 | 74,250 | 84,034 | 77,690 | 37,726 | 21,386 | 25,240 | 35,004 | 0 |
Amortisation | 0 | 0 | 0 | 150,000 | 91,322 | 27,999 | 27,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | -9,037 | 0 | 0 | 0 | 331 | -331 | 0 | 0 |
Stock | 723 | -217,842 | 217,842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,266 | -647 | 147 | 2,766 |
Debtors | -521,335 | 303,367 | 472,559 | 241,055 | -293,853 | 116,293 | 334,435 | 127,183 | 141,861 | 27,466 | 164,967 | -45,762 | 145,913 | 165,409 |
Creditors | 63,428 | -150,376 | 69,764 | -98,745 | 63,198 | -24,429 | 14,770 | 77,988 | 118,658 | 40,178 | 72,781 | 2,066 | 0 | 0 |
Accruals and Deferred Income | 251,832 | 223,074 | -11,132 | -76,621 | -299,262 | 427,321 | 121,638 | -36,313 | -37,777 | -35,911 | 18,157 | 66,342 | 175,347 | 269,715 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -1,382 | 1,382 | 0 | 0 | 0 | -331 | 331 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | -146,507 | -48,169 | -314,640 | -31,227 | -580,493 | |||||
Change in Investments | 0 | 0 | 0 | -242,260 | 663 | -317,391 | 226,148 | -2,583 | -168,408 | 331,693 | 29,507 | 1,585 | 8,719 | 132,327 |
cash flow from investments | 0 | 0 | 0 | 242,260 | -147,170 | 269,222 | -540,788 | -28,644 | -412,085 | |||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 534,230 | -149,663 | 279,712 | -40,338 | 513,490 | -34,906 | -20,203 | -19,428 | 312,783 | 0 | 0 | 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 | -271,726 | 271,726 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
cash flow from financing | 534,229 | -149,662 | 428,658 | -190,338 | 517,631 | -299,700 | 291,129 | -25,142 | 342,366 | 3,831 | 26,490 | 4,242 | 1,135,042 | |
cash and cash equivalents | ||||||||||||||
cash | 541,323 | -314,203 | 986,369 | 555,655 | 161,307 | 95,660 | -213,382 | -115,612 | 168,466 | -388,707 | 44,289 | 260,869 | -29,588 | 710,049 |
overdraft | -32,273 | 82,621 | -133,125 | 137,216 | -184,686 | 271,564 | 12,589 | -5,643 | 25,057 | 0 | -625 | 625 | 0 | 0 |
change in cash | 573,596 | -396,824 | 1,119,494 | 418,439 | 345,993 | -175,904 | -225,971 | -109,969 | 143,409 | -388,707 | 44,914 | 260,244 | -29,588 | 710,049 |
platfform for change Credit Report and Business Information
Platfform For Change Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for platfform for change by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in SA6 area or any other competitors across 12 key performance metrics.
platfform for change Ownership
PLATFFORM FOR CHANGE group structure
Platfform For Change has no subsidiary companies.
Ultimate parent company
PLATFFORM FOR CHANGE
02546880
platfform for change directors
Platfform For Change currently has 6 directors. The longest serving directors include Mr Stewart Davison (Dec 2012) and Mr Christopher Loughran (Sep 2015).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Stewart Davison | Wales | 53 years | Dec 2012 | - | Director |
Mr Christopher Loughran | 45 years | Sep 2015 | - | Director | |
Mr Neil Hapgood | Wales | 47 years | Mar 2020 | - | Director |
Mrs Anne-Louise Tonge | Wales | 61 years | Sep 2020 | - | Director |
Mrs Cher Lewney | Wales | 47 years | Sep 2020 | - | Director |
Mrs Deborah Green | Wales | 59 years | Jun 2024 | - | Director |
P&L
March 2023turnover
12.9m
+10%
operating profit
-284.8k
0%
gross margin
42.9%
-1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.4m
-0.12%
total assets
5.2m
+0.1%
cash
2.5m
+0.28%
net assets
Total assets minus all liabilities
platfform for change company details
company number
02546880
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
96090 - Other personal service activities n.e.c.
88990 - Other social work activities without accommodation n.e.c.
incorporation date
October 1990
age
34
accounts
Group
ultimate parent company
previous names
gofal cymru (August 2019)
gofal housing trust (June 2002)
incorporated
UK
address
beaufort house beaufort road, morriston, swansea, SA6 8JG
last accounts submitted
March 2023
platfform for change 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 platfform for change. Currently there are 5 open charges and 1 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
platfform for change Companies House Filings - See Documents
date | description | view/download |
---|