turning tides homelessness
turning tides homelessness Company Information
Company Number
02708334
Registered Address
worthing town hall chapel road, worthing, west sussex bn11 1ha, BN11 3BP
Industry
Other accommodation
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
turning tides homelessness Estimated Valuation
Pomanda estimates the enterprise value of TURNING TIDES HOMELESSNESS at £7.1m based on a Turnover of £6m and 1.19x industry multiple (adjusted for size and gross margin).
turning tides homelessness Estimated Valuation
Pomanda estimates the enterprise value of TURNING TIDES HOMELESSNESS at £0 based on an EBITDA of £-6.1k and a 5.46x industry multiple (adjusted for size and gross margin).
turning tides homelessness Estimated Valuation
Pomanda estimates the enterprise value of TURNING TIDES HOMELESSNESS at £11m based on Net Assets of £6.7m and 1.64x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Turning Tides Homelessness Overview
Turning Tides Homelessness is a live company located in west sussex bn11 1ha, BN11 3BP with a Companies House number of 02708334. It operates in the other accommodation sector, SIC Code 55900. Founded in April 1992, it's largest shareholder is unknown. Turning Tides Homelessness is a mature, mid sized company, Pomanda has estimated its turnover at £6m with healthy growth in recent years.
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Turning Tides Homelessness Health Check
Pomanda's financial health check has awarded Turning Tides Homelessness a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £6m, make it larger than the average company (£993k)
£6m - Turning Tides Homelessness
£993k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.4%)
13% - Turning Tides Homelessness
4.4% - Industry AVG
Production
with a gross margin of 53.5%, this company has a comparable cost of product (53.5%)
53.5% - Turning Tides Homelessness
53.5% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (5.2%)
-2.9% - Turning Tides Homelessness
5.2% - Industry AVG
Employees
with 157 employees, this is above the industry average (24)
157 - Turning Tides Homelessness
24 - Industry AVG
Pay Structure
on an average salary of £25.8k, the company has an equivalent pay structure (£23.8k)
£25.8k - Turning Tides Homelessness
£23.8k - Industry AVG
Efficiency
resulting in sales per employee of £38k, this is less efficient (£48.9k)
£38k - Turning Tides Homelessness
£48.9k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is near the average (16 days)
17 days - Turning Tides Homelessness
16 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (17 days)
9 days - Turning Tides Homelessness
17 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Turning Tides Homelessness
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 143 weeks, this is more cash available to meet short term requirements (106 weeks)
143 weeks - Turning Tides Homelessness
106 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.3%, this is a lower level of debt than the average (28%)
8.3% - Turning Tides Homelessness
28% - Industry AVG
TURNING TIDES HOMELESSNESS financials
Turning Tides Homelessness's latest turnover from March 2023 is £6 million and the company has net assets of £6.7 million. According to their latest financial statements, Turning Tides Homelessness has 157 employees and maintains cash reserves of £1.3 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 | 5,968,539 | 5,632,854 | 6,050,255 | 4,139,532 | 3,668,301 | 4,488,899 | 2,864,179 | 2,518,702 | 2,085,493 | 1,495,937 | 1,739,510 | 1,361,773 | 1,225,734 | 1,479,231 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 19,647 | 14,838 | 0 | 9,003 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -114,367 | -37,993 | 1,205,685 | 183,646 | -20,944 | 1,840,188 | 574,205 | 93,902 | 182,376 | -92,633 | 236,622 | -60,320 | -41,178 | 27,068 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -114,367 | -37,993 | 1,205,685 | 183,646 | -20,944 | 1,840,188 | 574,205 | 93,902 | 182,376 | -92,633 | 236,622 | -60,320 | -41,178 | 27,068 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -114,367 | -37,993 | 1,205,685 | 183,646 | -20,944 | 1,840,188 | 574,205 | 93,902 | 182,376 | -92,633 | 236,622 | -60,320 | -41,178 | 27,068 |
| Employee Costs | 4,043,043 | 3,631,676 | 3,157,820 | 2,622,276 | 2,355,749 | 1,695,080 | 1,512,832 | 1,468,652 | 1,239,191 | 1,085,382 | 1,053,897 | 991,172 | 895,065 | 979,178 |
| Number Of Employees | 157 | 155 | 134 | 109 | 109 | 78 | 69 | 65 | 53 | 46 | 44 | 39 | 35 | 37 |
| 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 | 5,441,520 | 5,178,510 | 5,512,617 | 4,758,918 | 4,942,063 | 5,116,444 | 3,548,748 | 3,076,928 | 2,540,307 | 2,552,951 | 2,598,169 | 2,645,096 | 2,682,416 | 2,726,933 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 194,250 | 199,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,635,770 | 5,378,010 | 5,512,617 | 4,758,918 | 4,942,063 | 5,116,444 | 3,548,748 | 3,076,928 | 2,540,307 | 2,552,951 | 2,598,169 | 2,645,096 | 2,682,416 | 2,726,933 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 279,426 | 150,635 | 122,404 | 178,038 | 164,623 | 74,288 | 64,024 | 56,261 | 88,049 | 43,724 | 27,185 | 33,537 | 31,346 | 44,749 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 123,214 | 76,223 | 78,991 | 96,111 | 86,543 | 355,909 | 106,074 | 44,249 | 20,738 | 29,369 | 104,539 | 27,030 | 33,505 | 13,592 |
| Cash | 1,297,547 | 1,875,181 | 1,510,520 | 1,010,269 | 821,791 | 820,030 | 331,508 | 326,070 | 710,714 | 528,663 | 531,778 | 371,962 | 475,195 | 486,101 |
| misc current assets | 128 | 128 | 128 | 128 | 136,128 | 152,441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,700,315 | 2,102,167 | 1,712,043 | 1,284,546 | 1,209,085 | 1,402,668 | 501,606 | 426,580 | 819,501 | 601,756 | 663,502 | 432,529 | 540,046 | 544,442 |
| total assets | 7,336,085 | 7,480,177 | 7,224,660 | 6,043,464 | 6,151,148 | 6,519,112 | 4,050,354 | 3,503,508 | 3,359,808 | 3,154,707 | 3,261,671 | 3,077,625 | 3,222,462 | 3,271,375 |
| Bank overdraft | 0 | 0 | 22,943 | 21,767 | 21,551 | 21,818 | 24,923 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 23,913 | 23,113 | 0 | 0 | 0 | 0 | 0 | 20,951 | 20,591 | 20,237 | 19,889 | 19,546 | 19,923 | 22,224 |
| Trade Creditors | 73,221 | 101,644 | 99,441 | 30,695 | 12,850 | 262,517 | 31,233 | 20,230 | 18,265 | 8,257 | 10,690 | 9,797 | 15,353 | 10,337 |
| 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 | 372,421 | 445,478 | 131,058 | 201,350 | 177,136 | 224,180 | 118,799 | 145,724 | 77,153 | 44,048 | 35,911 | 69,692 | 129,406 | 124,830 |
| total current liabilities | 469,555 | 570,235 | 253,442 | 253,812 | 211,537 | 508,515 | 174,955 | 186,905 | 116,009 | 72,542 | 66,490 | 99,035 | 164,682 | 157,391 |
| loans | 47,308 | 70,653 | 93,936 | 118,055 | 451,314 | 485,043 | 190,033 | 205,442 | 226,540 | 247,282 | 267,665 | 287,696 | 306,566 | 321,592 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 94,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 141,608 | 70,653 | 93,936 | 118,055 | 451,314 | 485,043 | 190,033 | 205,442 | 226,540 | 247,282 | 267,665 | 287,696 | 306,566 | 321,592 |
| total liabilities | 611,163 | 640,888 | 347,378 | 371,867 | 662,851 | 993,558 | 364,988 | 392,347 | 342,549 | 319,824 | 334,155 | 386,731 | 471,248 | 478,983 |
| net assets | 6,724,922 | 6,839,289 | 6,877,282 | 5,671,597 | 5,488,297 | 5,525,554 | 3,685,366 | 3,111,161 | 3,017,259 | 2,834,883 | 2,927,516 | 2,690,894 | 2,751,214 | 2,792,392 |
| total shareholders funds | 6,724,922 | 6,839,289 | 6,877,282 | 5,671,597 | 5,488,297 | 5,525,554 | 3,685,366 | 3,111,161 | 3,017,259 | 2,834,883 | 2,927,516 | 2,690,894 | 2,751,214 | 2,792,392 |
| 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 | 167,236 | 124,107 | 193,298 | 189,456 | 179,854 | 69,995 | 59,122 | 256,059 | 46,916 | 46,915 | 46,927 | 46,914 | 44,517 | 44,517 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 170,532 | 224,963 | -72,754 | 22,983 | -179,031 | 260,099 | 69,588 | -8,277 | 35,694 | -58,631 | 71,157 | -4,284 | 6,510 | 58,341 |
| Creditors | -28,423 | 2,203 | 68,746 | 17,845 | -249,667 | 231,284 | 11,003 | 1,965 | 10,008 | -2,433 | 893 | -5,556 | 5,016 | 10,337 |
| Accruals and Deferred Income | 21,243 | 314,420 | -70,292 | 24,214 | -47,044 | 105,381 | -26,925 | 68,571 | 33,105 | 8,137 | -33,781 | -59,714 | 4,576 | 124,830 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -5,472 | -519,593 | -530,942 | -792,680 | -34,272 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -5,472 | -519,593 | -530,942 | -792,680 | -34,272 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 800 | 23,113 | 0 | 0 | 0 | 0 | -20,951 | 360 | 354 | 348 | 343 | -377 | -2,301 | 22,224 |
| 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 | -23,345 | -23,283 | -24,119 | -333,259 | -33,729 | 295,010 | -15,409 | -21,098 | -20,742 | -20,383 | -20,031 | -18,870 | -15,026 | 321,592 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -19,647 | -14,838 | 0 | -9,003 | 0 | 0 | |||
| cash flow from financing | -22,545 | -170 | -24,119 | -333,605 | -50,042 | 275,363 | -51,198 | -20,738 | -29,391 | -17,327 | 3,109,140 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -577,634 | 364,661 | 500,251 | 188,478 | 1,761 | 488,522 | 5,438 | -384,644 | 182,051 | -3,115 | 159,816 | -103,233 | -10,906 | 486,101 |
| overdraft | 0 | -22,943 | 1,176 | 216 | -267 | -3,105 | 24,923 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -577,634 | 387,604 | 499,075 | 188,262 | 2,028 | 491,627 | -19,485 | -384,644 | 182,051 | -3,115 | 159,816 | -103,233 | -10,906 | 486,101 |
turning tides homelessness Credit Report and Business Information
Turning Tides Homelessness Competitor Analysis
Perform a competitor analysis for turning tides homelessness by selecting its closest rivals and benchmarking them against 12 key performance metrics.
turning tides homelessness Ownership
TURNING TIDES HOMELESSNESS group structure
Turning Tides Homelessness has no subsidiary companies.
Ultimate parent company
TURNING TIDES HOMELESSNESS
02708334
turning tides homelessness directors
Turning Tides Homelessness currently has 10 directors. The longest serving directors include Mrs Richenda Kullar (Jul 2015) and Mr Ian Mintram (Nov 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Richenda Kullar | England | 68 years | Jul 2015 | - | Director |
| Mr Ian Mintram | England | 66 years | Nov 2015 | - | Director |
| Mr Duncan Anderson | England | 52 years | Sep 2018 | - | Director |
| Mr Martin Quinn | England | 65 years | Sep 2018 | - | Director |
| Mr Timothy Cooper | England | 56 years | Sep 2020 | - | Director |
| Mr Bill Jones | England | 72 years | Sep 2020 | - | Director |
| Ms Jane Lodge | England | 58 years | Sep 2020 | - | Director |
| Mr Nick Beverley-Hedger | England | 58 years | Sep 2023 | - | Director |
| Mrs Marianne Wright | England | 57 years | Feb 2024 | - | Director |
| Mr Daniel Keech | England | 46 years | Feb 2024 | - | Director |
P&L
March 2023turnover
6m
+6%
operating profit
-173.3k
0%
gross margin
53.6%
+27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.7m
-0.02%
total assets
7.3m
-0.02%
cash
1.3m
-0.31%
net assets
Total assets minus all liabilities
Similar Companies
turning tides homelessness company details
company number
02708334
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
55900 - Other accommodation
incorporation date
April 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
worthing churches homeless projects (October 2018)
incorporated
UK
address
worthing town hall chapel road, worthing, west sussex bn11 1ha, BN11 3BP
last accounts submitted
March 2023
turning tides homelessness 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 11 charges/mortgages relating to turning tides homelessness. Currently there are 7 open charges and 4 have been satisfied in the past.
turning tides homelessness Companies House Filings - See Documents
| date | description | view/download |
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