Platfform For Change

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platfform for change Company Information

Live

MatureMidHealthy

Company Number

02546880

Website

http://gofal.org.uk

Registered 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

Directors

Stewart Davison11 Years

Christopher Loughran8 Years

View All

Shareholders

-0%

platfform for change Estimated Valuation

£10.8m

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).

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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.

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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 Rating3out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £12.9m, make it larger than the average company (£632.7k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.4%)

EXPORT

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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,371,040	6,675,458	5,977,830	6,146,563	5,103,943	5,117,026	4,242,042	3,826,104	3,741,235	2,767,225	2,527,508	2,488,441	2,339,323	2,237,975
Gross Profit	5,521,571	5,096,232	4,338,994	4,496,391	3,595,682	3,533,029	3,101,222	2,873,151	2,554,578	1,749,933	1,758,402	1,714,753	1,789,134	1,685,479
Admin Expenses	5,806,355	5,211,122	3,825,612	2,523,301	3,807,325	3,787,709	3,175,186	2,904,696	2,300,333	1,712,011	1,553,025	1,522,626	1,853,006	1,781,547
Operating Profit	-284,784	-114,890	513,382	1,973,090	-211,643	-254,680	-73,964	-31,545	254,245	37,922	205,377	192,127	-63,872	-96,068
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	20	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*	-153,508	-20,577	615,241	2,200,024	-50,506	-151,644	27,786	52,489	331,935	75,648	226,763	217,367	-28,868	-96,068

* 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	-284,784	-114,890	513,382	1,973,090	-211,643	-254,680	-73,964	-31,545	254,245	37,922	205,377	192,127	-63,872	-96,068
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	682,364	-33,404	-16,528	1,783,603	7,283	133,573	-177,896	-33,019	270,955	52,449	155,000	332,184	419	5,472
Investing Activities
capital expenditure	0	0	0	0	-146,507	-48,169	-314,640	-31,227	-580,493	-107,618	-61,093	-20,899	-29,006	-299,913
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	-439,311	-90,600	-22,484	-37,725	-432,240
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	-1	1	148,946	-150,000	4,141	6,932	39,606	-5,714	29,583	3,831	26,490	-2,819	4,242	1,135,042
interest	0	0	0	0	0	0	0	0	0	0	0	-20	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	-2,839	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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 group structure

Platfform For Change has no subsidiary companies.

Ultimate parent company

PLATFFORM FOR CHANGE

02546880

PLATFFORM FOR CHANGE Shareholders

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 2023

turnover

12.9m

+10%

operating profit

-284.8k

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 2023

net assets

2.4m

-0.12%

total assets

5.2m

+0.1%

cash

2.5m

+0.28%

net assets

Total assets minus all liabilities

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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

accounts

Group

ultimate parent company

None

previous names

gofal cymru (August 2019)

gofal housing trust (June 2002)

incorporated

address

beaufort house beaufort road, morriston, swansea, SA6 8JG

last accounts submitted

March 2023

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.

platfform for change Company Information

platfform for change Estimated Valuation

platfform for change Estimated Valuation

platfform for change Estimated Valuation

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PLATFFORM FOR CHANGE financials

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platfform for change Ownership

platfform for change directors

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platfform for change Charges & Mortgages

platfform for change Companies House Filings - See Documents