Pomanda estimates the enterprise value of WORTHEARLY LIMITED at £1.4m based on a Turnover of £1.2m and 1.2x industry multiple (adjusted for size and gross margin).
worthearly limitedEstimated Valuation
£8.4m
Pomanda estimates the enterprise value of WORTHEARLY LIMITED at £8.4m based on an EBITDA of £912.3k and a 9.17x industry multiple (adjusted for size and gross margin).
worthearly limitedEstimated Valuation
£12.1m
Pomanda estimates the enterprise value of WORTHEARLY LIMITED at £12.1m based on Net Assets of £8.7m and 1.39x industry multiple (adjusted for liquidity).
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Worthearly LimitedOverview
Worthearly Limited is a live company located in birmingham, B3 2JR with a Companies House number of 02561234. It operates in the development of building projects sector, SIC Code 41100. Founded in November 1990, it's largest shareholder is
mr stephen christie-miller
with a 50% stake. Worthearly Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.2m with
declining
growth in recent years.
Pomanda's financial health check has awarded Worthearly Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
0 Regular
4 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£2.1m)
£1.2m - Worthearly Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.8%)
-9% - Worthearly Limited
2.8% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (26.4%)
100% - Worthearly Limited
26.4% - Industry AVG
Profitability
an operating margin of 77.1% make it more profitable than the average company (7.6%)
77.1% - Worthearly Limited
7.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Worthearly Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Worthearly Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £591.3k, this is more efficient (£273.6k)
£591.3k - Worthearly Limited
£273.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Worthearly Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Worthearly Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Worthearly Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Worthearly Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (72.9%)
41.7% - Worthearly Limited
72.9% - Industry AVG
WORTHEARLY LIMITED financials
EXPORT
Worthearly Limited's latest turnover from April 2023 is £1.2 million and the company has net assets of £8.7 million. According to their latest financial statements, Worthearly Limited has 2 employees and maintains cash reserves of £67.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
1,182,610
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
1,595,180
Other Income Or Grants
Cost Of Sales
1,177,318
1,140,995
1,123,140
1,100,159
1,120,987
1,143,357
1,140,357
1,128,107
1,158,779
1,168,039
1,139,407
Gross Profit
1,182,610
1,595,180
1,595,180
417,862
454,185
472,040
495,021
474,193
451,823
454,823
467,073
436,401
427,141
455,773
Admin Expenses
270,330
116,066
-4,221,422
-108,396
262,865
315,108
1,113,279
325,364
-883,542
-946,723
-897,263
-1,020,696
-1,045,525
-735,032
Operating Profit
912,280
1,479,114
5,816,602
526,258
191,320
156,932
-618,258
148,829
1,335,365
1,401,546
1,364,336
1,457,097
1,472,666
1,190,805
Interest Payable
438,375
432,000
25,178
93,358
137,087
148,223
175,777
231,679
349,744
413,224
468,662
530,876
622,340
733,383
Interest Receivable
123
847
643
497
498
266
71
Pre-Tax Profit
473,905
1,047,114
5,791,424
432,900
54,233
8,709
-794,035
-82,727
986,468
988,965
896,171
926,719
850,592
457,573
Tax
48,109
-371,035
-238,184
-270,921
-215,332
-242,735
-38,587
8,804
-197,294
-248,685
-231,945
-669
238,426
186,153
Profit After Tax
522,014
676,079
5,553,240
161,979
-161,099
-234,026
-832,622
-73,923
789,174
740,280
664,226
926,050
1,089,018
643,726
Dividends Paid
Retained Profit
522,014
676,079
5,553,240
161,979
-161,099
-234,026
-832,622
-73,923
789,174
740,280
664,226
926,050
1,089,018
643,726
Employee Costs
86,156
288,903
247,269
233,725
218,152
216,209
248,207
240,324
268,980
Number Of Employees
2
2
2
2
2
6
7
6
6
6
6
7
7
8
EBITDA*
912,280
1,479,114
5,816,602
526,258
191,320
156,932
-618,258
148,829
1,335,365
1,401,546
1,364,336
1,457,097
1,472,666
1,190,805
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
15,100,000
15,100,000
15,100,000
15,100,000
15,100,000
Intangible Assets
Investments & Other
10,250,000
10,250,000
10,250,000
5,650,000
6,640,000
7,630,000
8,620,000
9,610,000
10,600,000
Debtors (Due After 1 year)
Total Fixed Assets
10,250,000
10,250,000
10,250,000
5,650,000
6,640,000
7,630,000
8,620,000
9,610,000
10,600,000
15,100,000
15,100,000
15,100,000
15,100,000
15,100,000
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
4,690,137
4,211,390
3,165,665
60,806
110,979
136,207
1,677,545
203,052
251,001
513,481
793,273
822,538
460,369
Cash
67,421
141,236
223,541
35,453
3,886
70,852
86,535
57,654
10,350
12,459
26,180
1,171
336
10,769
misc current assets
33,584
total current assets
4,757,558
4,352,626
3,422,790
35,453
64,692
181,831
222,742
1,735,199
213,402
263,460
539,661
794,444
822,874
471,138
total assets
15,007,558
14,602,626
13,672,790
5,685,453
6,704,692
7,811,831
8,842,742
11,345,199
10,813,402
15,363,460
15,639,661
15,894,444
15,922,874
15,571,138
Bank overdraft
Bank loan
2,016,327
1,369,273
1,132,191
939,791
773,291
10,830,500
Trade Creditors
126,955
49,184
19,817
329,904
173,128
304,579
345,715
430,511
452,902
245,426
165,055
1,881
21,426
43,671
Group/Directors Accounts
other short term finances
4,550,223
4,473,912
hp & lease commitments
other current liabilities
1,581,148
1,852,312
1,627,922
1,341,323
1,337,183
1,019,581
835,539
1,647,287
6,232,910
354,618
401,470
433,653
318,588
278,125
total current liabilities
6,258,326
6,375,408
1,647,739
3,687,554
2,879,584
2,456,351
2,121,045
2,851,089
6,685,812
600,044
566,525
435,534
340,014
11,152,296
loans
4,473,912
1,989,188
3,358,461
4,490,652
5,430,443
hp & lease commitments
Accruals and Deferred Income
other liabilities
6,925,000
7,975,000
9,025,000
10,075,000
provisions
total long term liabilities
4,473,912
1,989,188
3,358,461
4,490,652
5,430,443
6,925,000
7,975,000
9,025,000
10,075,000
total liabilities
6,258,326
6,375,408
6,121,651
3,687,554
4,868,772
5,814,812
6,611,697
8,281,532
6,685,812
7,525,044
8,541,525
9,460,534
10,415,014
11,152,296
net assets
8,749,232
8,227,218
7,551,139
1,997,899
1,835,920
1,997,019
2,231,045
3,063,667
4,127,590
7,838,416
7,098,136
6,433,910
5,507,860
4,418,842
total shareholders funds
8,749,232
8,227,218
7,551,139
1,997,899
1,835,920
1,997,019
2,231,045
3,063,667
4,127,590
7,838,416
7,098,136
6,433,910
5,507,860
4,418,842
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
912,280
1,479,114
5,816,602
526,258
191,320
156,932
-618,258
148,829
1,335,365
1,401,546
1,364,336
1,457,097
1,472,666
1,190,805
Depreciation
Amortisation
Tax
48,109
-371,035
-238,184
-270,921
-215,332
-242,735
-38,587
8,804
-197,294
-248,685
-231,945
-669
238,426
186,153
Stock
Debtors
478,747
1,045,725
3,165,665
-60,806
-50,173
-25,228
-1,541,338
1,474,493
-47,949
-262,480
-279,792
-29,265
362,169
460,369
Creditors
77,771
29,367
-310,087
156,776
-131,451
-41,136
-84,796
-22,391
207,476
80,371
163,174
-19,545
-22,245
43,671
Accruals and Deferred Income
-271,164
224,390
286,599
4,140
317,602
184,042
-811,748
-4,585,623
5,878,292
-46,852
-32,183
115,065
40,463
278,125
Deferred Taxes & Provisions
Cash flow from operations
288,249
316,111
2,389,265
477,059
212,312
82,331
-12,051
-5,924,874
7,271,788
1,448,860
1,543,174
1,581,213
1,367,141
1,238,385
Investing Activities
capital expenditure
15,100,000
-15,100,000
Change in Investments
4,600,000
-990,000
-990,000
-990,000
-990,000
-990,000
10,600,000
cash flow from investments
-4,600,000
990,000
990,000
990,000
990,000
990,000
4,500,000
-15,100,000
Financing Activities
Bank loans
-2,016,327
647,054
237,082
192,400
166,500
773,291
-10,830,500
10,830,500
Group/Directors Accounts
Other Short Term Loans
76,311
4,473,912
Long term loans
-4,473,912
4,473,912
-1,989,188
-1,369,273
-1,132,191
-939,791
5,430,443
Hire Purchase and Lease Commitments
other long term liabilities
-6,925,000
-1,050,000
-1,050,000
-1,050,000
10,075,000
share issue
-990,000
-4,500,000
3,775,116
interest
-438,375
-432,000
-25,178
-93,358
-137,087
-148,223
-175,777
-231,556
-348,897
-412,581
-468,165
-530,378
-622,074
-733,312
cash flow from financing
-362,064
-432,000
2,432,407
-1,435,492
-1,269,278
-1,088,014
-949,068
4,982,178
-11,773,897
-1,462,581
-1,518,165
-1,580,378
-1,377,574
13,872,304
cash and cash equivalents
cash
-73,815
-82,305
188,088
31,567
-66,966
-15,683
28,881
47,304
-2,109
-13,721
25,009
835
-10,433
10,769
overdraft
change in cash
-73,815
-82,305
188,088
31,567
-66,966
-15,683
28,881
47,304
-2,109
-13,721
25,009
835
-10,433
10,769
worthearly limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for worthearly limited. Get real-time insights into worthearly limited's credit score, group structure and payment trends.
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worthearly limited Ownership
WORTHEARLY LIMITED group structure
Worthearly Limited has no subsidiary companies.
Ultimate parent company
WORTHEARLY LIMITED
02561234
WORTHEARLY LIMITED Shareholders
The largest shareholders in Worthearly Limited include Mr Stephen Christie-Miller and Giles Patrick Cyril Mackay.
mr stephen christie-miller
50%
giles patrick cyril mackay
50%
worthearly limited directors
Worthearly Limited currently has 2 directors.
The longest serving directors include
Mr Stephen Christie-Miller (Dec 1990) and
Mr Giles MacKay (Dec 1990).
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 14 charges/mortgages relating to worthearly limited. Currently there are 4 open charges and 10 have been satisfied in the past.
worthearly 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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worthearly limitedCompanies House Filings - See Documents
