suffolk mind
suffolk mind Company Information
Group Structure
View All
Industry
Other residential care activities
+1Registered Address
26 high road west, felixstowe, IP11 9JB
Website
http://suffolkmind.org.uksuffolk mind Estimated Valuation
Pomanda estimates the enterprise value of SUFFOLK MIND at £2.3m based on a Turnover of £3.8m and 0.59x industry multiple (adjusted for size and gross margin).
suffolk mind Estimated Valuation
Pomanda estimates the enterprise value of SUFFOLK MIND at £602.4k based on an EBITDA of £126.5k and a 4.76x industry multiple (adjusted for size and gross margin).
suffolk mind Estimated Valuation
Pomanda estimates the enterprise value of SUFFOLK MIND at £4m based on Net Assets of £1.6m and 2.51x industry multiple (adjusted for liquidity).
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Suffolk Mind Overview
Suffolk Mind is a live company located in felixstowe, IP11 9JB with a Companies House number of 02611510. It operates in the other human health activities sector, SIC Code 86900. Founded in May 1991, it's largest shareholder is unknown. Suffolk Mind is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.
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Suffolk Mind Health Check
Pomanda's financial health check has awarded Suffolk Mind a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £3.8m, make it larger than the average company (£1.5m)
£3.8m - Suffolk Mind
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.4%)
6% - Suffolk Mind
6.4% - Industry AVG
Production
with a gross margin of 37.6%, this company has a comparable cost of product (37.6%)
37.6% - Suffolk Mind
37.6% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (6.1%)
2.4% - Suffolk Mind
6.1% - Industry AVG
Employees
with 72 employees, this is above the industry average (37)
72 - Suffolk Mind
37 - Industry AVG
Pay Structure
on an average salary of £35k, the company has a higher pay structure (£26.9k)
£35k - Suffolk Mind
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £53.3k, this is more efficient (£45.7k)
£53.3k - Suffolk Mind
£45.7k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (20 days)
11 days - Suffolk Mind
20 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is close to average (13 days)
14 days - Suffolk Mind
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Suffolk Mind
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 170 weeks, this is more cash available to meet short term requirements (100 weeks)
170 weeks - Suffolk Mind
100 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.1%, this is a lower level of debt than the average (26.1%)
18.1% - Suffolk Mind
26.1% - Industry AVG
SUFFOLK MIND financials
Suffolk Mind's latest turnover from March 2024 is £3.8 million and the company has net assets of £1.6 million. According to their latest financial statements, Suffolk Mind has 72 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 3,836,455 | 3,781,817 | 3,418,414 | 3,214,770 | 2,847,619 | 2,650,161 | 2,243,854 | 2,593,387 | 2,316,681 | 2,666,737 | 2,153,362 | 2,836,091 | 4,756,857 | 5,010,155 | 4,009,759 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 105,548 | -107,430 | -140,244 | 216,282 | -66,166 | 90,091 | -353,797 | -36,300 | -61,431 | 34,032 | -244,362 | -34,470 | 24,334 | 398,489 | 65,718 |
| Tax | |||||||||||||||
| Profit After Tax | 105,548 | -107,430 | -140,244 | 216,282 | -66,166 | 90,091 | -353,797 | -36,300 | -61,431 | 34,032 | -244,362 | -34,470 | 24,334 | 398,489 | 65,718 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 105,548 | -107,430 | -140,244 | 216,282 | -66,166 | 90,091 | -353,797 | -36,300 | -61,431 | 34,032 | -244,362 | -34,470 | 24,334 | 398,489 | 65,718 |
| Employee Costs | 2,517,523 | 2,631,716 | 2,479,003 | 2,146,926 | 1,933,962 | 1,730,735 | 1,671,047 | 1,591,201 | 1,421,937 | 1,420,553 | 1,468,641 | 1,756,539 | 3,174,544 | 3,023,299 | 2,607,739 |
| Number Of Employees | 72 | 76 | 113 | 112 | 105 | 93 | 59 | 61 | 51 | 49 | 50 | 60 | 112 | 105 | 97 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 207,933 | 211,213 | 213,238 | 221,040 | 228,699 | 258,167 | 282,954 | 253,300 | 218,520 | 229,940 | 717,658 | 735,094 | 784,109 | 841,924 | 303,958 |
| Intangible Assets | 88,521 | 119,558 | 88,502 | 17,812 | 5,505 | ||||||||||
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 473,081 | 1,199,212 | 513,312 | 512,536 | 453,379 | 127,094 | 113,130 | 114,143 | 110,848 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 296,455 | 330,772 | 301,741 | 238,853 | 234,205 | 258,168 | 756,035 | 1,452,512 | 731,832 | 742,476 | 1,171,037 | 862,188 | 897,239 | 956,067 | 414,806 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 116,856 | 194,114 | 158,470 | 103,761 | 129,149 | 130,396 | 59,638 | 100,344 | 22,809 | 166,957 | 50,615 | 65,477 | 69,870 | 87,413 | 84,122 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 122,585 | 150,512 | 150,570 | 127,721 | 94,986 | 87,249 | 54,600 | 160,889 | 49,859 | 61,035 | 40,539 | 270,120 | 338,151 | 322,472 | 244,331 |
| Cash | 1,163,609 | 684,959 | 662,946 | 1,368,459 | 1,274,788 | 1,430,656 | 844,078 | 521,346 | 1,281,349 | 1,188,881 | 672,261 | 80,725 | 29,788 | 55,146 | 78,004 |
| misc current assets | 263,586 | 746,748 | 759,631 | 342,765 | 170,000 | 1,086,259 | 1,119,468 | 1,697,099 | 1,025,312 | ||||||
| total current assets | 1,666,636 | 1,776,333 | 1,731,617 | 1,942,706 | 1,668,923 | 1,648,301 | 958,316 | 782,579 | 1,354,017 | 1,416,873 | 763,415 | 1,502,581 | 1,557,277 | 2,162,130 | 1,431,769 |
| total assets | 1,963,091 | 2,107,105 | 2,033,358 | 2,181,559 | 1,903,128 | 1,906,469 | 1,714,351 | 2,235,091 | 2,085,849 | 2,159,349 | 1,934,452 | 2,364,769 | 2,454,516 | 3,118,197 | 1,846,575 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 97,572 | 81,919 | 107,658 | 94,064 | 63,321 | 42,023 | 105,245 | 78,658 | 78,357 | 95,187 | 61,984 | 59,599 | 71,199 | 72,941 | 60,565 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 257,044 | 522,259 | 315,343 | 336,894 | 305,488 | 263,961 | 195,913 | 377,202 | 405,344 | 400,163 | 294,174 | 268,072 | 325,713 | 1,010,973 | 153,511 |
| total current liabilities | 354,616 | 604,178 | 423,001 | 430,958 | 368,809 | 305,984 | 301,158 | 455,860 | 483,701 | 495,350 | 356,158 | 327,671 | 396,912 | 1,083,914 | 214,076 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 29,900 | ||||||||||||||
| total long term liabilities | 29,900 | ||||||||||||||
| total liabilities | 354,616 | 604,178 | 423,001 | 430,958 | 368,809 | 305,984 | 301,158 | 485,760 | 483,701 | 495,350 | 356,158 | 327,671 | 396,912 | 1,083,914 | 214,076 |
| net assets | 1,608,475 | 1,502,927 | 1,610,357 | 1,750,601 | 1,534,319 | 1,600,485 | 1,413,193 | 1,749,331 | 1,602,148 | 1,663,999 | 1,578,294 | 2,037,098 | 2,057,604 | 2,034,283 | 1,632,499 |
| total shareholders funds | 1,608,475 | 1,502,927 | 1,610,357 | 1,750,601 | 1,534,319 | 1,600,485 | 1,413,193 | 1,749,331 | 1,602,148 | 1,663,999 | 1,578,294 | 2,037,098 | 2,057,604 | 2,034,283 | 1,632,499 |
| Mar 2024 | 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 | 3,280 | 6,260 | 7,802 | 18,651 | 29,468 | 29,083 | 26,576 | 22,276 | 11,420 | 5,944 | 17,436 | 49,328 | 65,473 | 78,088 | 61,322 |
| Amortisation | 31,037 | 26,385 | 5,994 | 2,993 | |||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -105,185 | 35,586 | 77,558 | 7,347 | 6,490 | 103,407 | -146,995 | 188,565 | -155,324 | 136,838 | -244,443 | -72,424 | -1,864 | 81,432 | 328,453 |
| Creditors | 15,653 | -25,739 | 13,594 | 30,743 | 21,298 | -63,222 | 26,587 | 301 | -16,830 | 33,203 | 2,385 | -11,600 | -1,742 | 12,376 | 60,565 |
| Accruals and Deferred Income | -265,215 | 206,916 | -21,551 | 31,406 | 41,527 | 68,048 | -181,289 | -28,142 | 5,181 | 105,989 | 26,102 | -57,641 | -685,260 | 857,462 | 153,511 |
| Deferred Taxes & Provisions | -29,900 | 29,900 | |||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 503,504 | 687,559 | -57,056 | 562,549 | |||||||||||
| Change in Investments | -473,080 | -726,131 | 685,900 | 776 | 59,157 | 326,285 | 13,964 | -1,013 | 3,295 | 110,848 | |||||
| cash flow from investments | 976,584 | 1,413,690 | -742,956 | -776 | 503,392 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 97,201 | 17,659 | 183,483 | -420 | 51,673 | -214,442 | 13,964 | -1,013 | 3,295 | 1,566,781 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 478,650 | 22,013 | -705,513 | 93,671 | -155,868 | 586,578 | 322,732 | -760,003 | 92,468 | 516,620 | 591,536 | 50,937 | -25,358 | -22,858 | 78,004 |
| overdraft | |||||||||||||||
| change in cash | 478,650 | 22,013 | -705,513 | 93,671 | -155,868 | 586,578 | 322,732 | -760,003 | 92,468 | 516,620 | 591,536 | 50,937 | -25,358 | -22,858 | 78,004 |
suffolk mind Credit Report and Business Information
Suffolk Mind Competitor Analysis
Perform a competitor analysis for suffolk mind by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in IP11 area or any other competitors across 12 key performance metrics.
suffolk mind Ownership
SUFFOLK MIND group structure
Suffolk Mind has 1 subsidiary company.
suffolk mind directors
Suffolk Mind currently has 9 directors. The longest serving directors include Mr Timothy Mutum (Jan 2016) and Mr Ian White (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Mutum | United Kingdom | 69 years | Jan 2016 | - | Director |
| Mr Ian White | England | 59 years | Apr 2016 | - | Director |
| Ms Leanne Thorndyke | England | 41 years | Apr 2019 | - | Director |
| Ms Karen Davies | England | 61 years | Jan 2022 | - | Director |
| Greer Hill | England | 49 years | Jan 2022 | - | Director |
| Ms Katerina Budinova | England | 45 years | Jan 2022 | - | Director |
| Ms Chloe Ludkin | England | 26 years | Nov 2022 | - | Director |
| Mrs Victoria Southgate | England | 42 years | Jul 2024 | - | Director |
| Mrs Clare Taylor | England | 57 years | Jul 2024 | - | Director |
P&L
March 2024turnover
3.8m
+1%
operating profit
92.2k
0%
gross margin
37.7%
-2.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.6m
+0.07%
total assets
2m
-0.07%
cash
1.2m
+0.7%
net assets
Total assets minus all liabilities
suffolk mind company details
company number
02611510
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
87900 - Other residential care activities
86900 - Other human health activities
incorporation date
May 1991
age
34
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
east suffolk mind (October 2010)
accountant
-
auditor
BW AUDIT LIMITED
address
26 high road west, felixstowe, IP11 9JB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
suffolk mind 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 1 charges/mortgages relating to suffolk mind. Currently there are 1 open charges and 0 have been satisfied in the past.
suffolk mind 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 SUFFOLK MIND. This can take several minutes, an email will notify you when this has completed.
suffolk mind Companies House Filings - See Documents
| date | description | view/download |
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