Richard Ward Associates Ltd

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richard ward associates ltd Company Information

Company Number

02747059

Next Accounts

Jun 2025

Directors

Hellen Ward

Richard Ward

Shareholders

mrs hellen ward

mr richard ward

Group Structure

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Industry

Hairdressing and other beauty treatment

Registered Address

suite 1, first floor,, 1 duchess street, london, W1W 6AN

Website

www.richardward.com

richard ward associates ltd Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of RICHARD WARD ASSOCIATES LTD at £3.8m based on Net Assets of £866.5k and 4.37x industry multiple (adjusted for liquidity).

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Richard Ward Associates Ltd is a live company located in london, W1W 6AN with a Companies House number of 02747059. It operates in the hairdressing and other beauty treatment sector, SIC Code 96020. Founded in September 1992, it's largest shareholder is mrs hellen ward with a 50% stake. Richard Ward Associates Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with low growth in recent years.

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Pomanda's financial health check has awarded Richard Ward Associates Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

2 Weak

Size

annual sales of £1.6m, make it larger than the average company (£100k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8%)

EXPORT

Richard Ward Associates Ltd's latest turnover from September 2023 is estimated at £1.6 million and the company has net assets of £866.5 thousand. According to their latest financial statements, Richard Ward Associates Ltd has 79 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,648,384	1,176,708	922,060	1,642,932	1,559,387	1,953,052	2,009,795	2,072,943	7,576,916	24,184,653	23,595,894	14,165,031	7,833,015	727,889
Other Income Or Grants
Cost Of Sales	300,130	290,986	219,929	353,541	280,922	376,797	436,103	421,389	1,716,554	5,225,498	5,384,283	3,635,560	2,349,652	201,659
Gross Profit	1,348,254	885,721	702,131	1,289,391	1,278,465	1,576,255	1,573,692	1,651,554	5,860,363	18,959,155	18,211,611	10,529,471	5,483,363	526,230
Admin Expenses	736,603	801,448	517,221	1,482,368	1,833,285	1,116,138	1,585,592	2,235,756	5,682,299	18,357,938	18,159,312	10,560,115	4,967,835	967,404	-676,228
Operating Profit	611,651	84,273	184,910	-192,977	-554,820	460,117	-11,900	-584,202	178,064	601,217	52,299	-30,644	515,528	-441,174	676,228
Interest Payable
Interest Receivable	70,054	20,076	622	545	4,688	6,352	2,463	2,541	4,919	3,388	3,171	4,109	3,601	3,609	2,156
Pre-Tax Profit	681,705	104,349	185,532	-192,432	-550,132	466,469	-9,437	-581,661	182,984	604,605	55,470	-26,535	519,128	-437,565	678,383
Tax	-170,426	-19,826	-35,251			-88,629			-36,597	-126,967	-12,758		-134,973		-189,947
Profit After Tax	511,279	84,523	150,281	-192,432	-550,132	377,840	-9,437	-581,661	146,387	477,638	42,712	-26,535	384,155	-437,565	488,436
Dividends Paid
Retained Profit	511,279	84,523	150,281	-192,432	-550,132	377,840	-9,437	-581,661	146,387	477,638	42,712	-26,535	384,155	-437,565	488,436
Employee Costs	1,198,904	1,023,937	891,546	1,013,059	1,129,021	1,167,124	1,149,042	1,332,061	3,921,939	11,483,073	12,061,074	6,816,432	3,283,591	335,120
Number Of Employees	79	70	67	79	85	84	83	81	208	697	747	483	241	25
EBITDA*	613,023	87,622	191,736	-181,029	-491,185	563,453	89,937	-477,252	275,538	657,799	116,470	-30,644	570,454	-369,706	777,353

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	1,030	2,402	4,744	9,946	19,197	74,980	277,987	337,922	344,525	99,551	156,133	191,780		271,292	341,885
Intangible Assets
Investments & Other													237,491
Debtors (Due After 1 year)
Total Fixed Assets	1,030	2,402	4,744	9,946	19,197	74,980	277,987	337,922	344,525	99,551	156,133	191,780	237,491	271,292	341,885
Stock & work in progress	15,000	15,000	30,000	30,000	35,000	32,000	30,000	35,500	35,625	24,730	26,587	26,521	26,931	67,358	35,877
Trade Debtors	68,991	23,311	41,313		72,521				245,093	758,719	570,897	397,534	203,731	1,517	6,017
Group Debtors					1,980								7,725	7,725
Misc Debtors	117,043	116,204	144,274	187,619	274,401	771,824	171,085	157,794							7,725
Cash	1,628,143	1,040,575	743,956	499,847	590,115	659,956	1,033,959	936,411	1,096,156	871,554	483,833	784,760	858,884	581,345	862,332
misc current assets
total current assets	1,829,177	1,195,090	959,543	717,466	974,017	1,463,780	1,235,044	1,129,705	1,376,874	1,655,003	1,081,317	1,208,815	1,097,271	657,945	911,951
total assets	1,830,207	1,197,492	964,287	727,412	993,214	1,538,760	1,513,031	1,467,627	1,721,399	1,754,554	1,237,450	1,400,595	1,334,762	929,237	1,253,836
Bank overdraft
Bank loan
Trade Creditors	136,187	164,842	89,363	61,709	66,521	59,466	61,437	74,286	610,253	789,795	750,329	956,186	863,818	842,448	729,482
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	747,531	597,440	524,237	465,297	560,036	581,406	931,546	863,856
total current liabilities	883,718	762,282	613,600	527,006	626,557	640,872	992,983	938,142	610,253	789,795	750,329	956,186	863,818	842,448	729,482
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	80,000	80,000	80,000	80,000	53,819	34,918	34,918	34,918	34,918	34,918	34,918	34,918	34,918	34,918	34,918
total long term liabilities	80,000	80,000	80,000	80,000	53,819	34,918	34,918	34,918	34,918	34,918	34,918	34,918	34,918	34,918	34,918
total liabilities	963,718	842,282	693,600	607,006	680,376	675,790	1,027,901	973,060	645,171	824,713	785,247	991,104	898,736	877,366	764,400
net assets	866,489	355,210	270,687	120,406	312,838	862,970	485,130	494,567	1,076,228	929,841	452,203	409,491	436,026	51,871	489,436
total shareholders funds	866,489	355,210	270,687	120,406	312,838	862,970	485,130	494,567	1,076,228	929,841	452,203	409,491	436,026	51,871	489,436

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	611,651	84,273	184,910	-192,977	-554,820	460,117	-11,900	-584,202	178,064	601,217	52,299	-30,644	515,528	-441,174	676,228
Depreciation	1,372	3,349	6,826	11,948	63,635	103,336	101,837	106,950	97,474	56,582	64,171		54,926	71,468	101,125
Amortisation
Tax	-170,426	-19,826	-35,251			-88,629			-36,597	-126,967	-12,758		-134,973		-189,947
Stock		-15,000		-5,000	3,000	2,000	-5,500	-125	10,895	-1,857	66	-410	-40,427	31,481	35,877
Debtors	46,519	-46,072	-2,032	-161,283	-422,922	600,739	13,291	-87,299	-513,626	187,822	173,363	186,078	202,214	-4,500	13,742
Creditors	-28,655	75,479	27,654	-4,812	7,055	-1,971	-12,849	-535,967	-179,542	39,466	-205,857	92,368	21,370	112,966	729,482
Accruals and Deferred Income	150,091	73,203	58,940	-94,739	-21,370	-350,140	67,690	863,856
Deferred Taxes & Provisions				26,181	18,901										34,918
Cash flow from operations	517,514	277,550	245,111	-88,116	-66,677	-480,026	136,987	-61,939	562,130	384,333	-275,574	-123,944	295,064	-283,721	1,302,187
Investing Activities
capital expenditure		-1,007	-1,624	-2,697	-7,852	99,671	-41,902	-100,347	-342,448		-28,524	-191,780	216,366	-875	-443,010
Change in Investments												-237,491	237,491
cash flow from investments		-1,007	-1,624	-2,697	-7,852	99,671	-41,902	-100,347	-342,448		-28,524	45,711	-21,125	-875	-443,010
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															1,000
interest	70,054	20,076	622	545	4,688	6,352	2,463	2,541	4,919	3,388	3,171	4,109	3,601	3,609	2,156
cash flow from financing	70,054	20,076	622	545	4,688	6,352	2,463	2,541	4,919	3,388	3,171	4,109	3,601	3,609	3,156
cash and cash equivalents
cash	587,568	296,619	244,109	-90,268	-69,841	-374,003	97,548	-159,745	224,602	387,721	-300,927	-74,124	277,539	-280,987	862,332
overdraft
change in cash	587,568	296,619	244,109	-90,268	-69,841	-374,003	97,548	-159,745	224,602	387,721	-300,927	-74,124	277,539	-280,987	862,332

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICHARD WARD ASSOCIATES LTD group structure

Richard Ward Associates Ltd has no subsidiary companies.

Ultimate parent company

RICHARD WARD ASSOCIATES LTD

02747059

RICHARD WARD ASSOCIATES LTD Shareholders

mrs hellen ward	50%
mr richard ward	50%

Richard Ward Associates Ltd currently has 2 directors. The longest serving directors include Mrs Hellen Ward (Oct 1992) and Mr Richard Ward (Oct 1992).

officer	country	age	start	end	role
Mrs Hellen Ward	United Kingdom	57 years	Oct 1992	-	Director
Mr Richard Ward		58 years	Oct 1992	-	Director

P&L

September 2023

turnover

1.6m

+40%

operating profit

611.7k

gross margin

81.8%

+8.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

866.5k

+1.44%

total assets

1.8m

+0.53%

cash

1.6m

+0.56%

net assets

Total assets minus all liabilities

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company number

02747059

Type

Private limited with Share Capital

industry

96020 - Hairdressing and other beauty treatment

incorporation date

September 1992

ultimate parent company

None

previous names

neville daniel associates limited (August 1997)

sortstep limited (October 1992)

address

suite 1, first floor,, 1 duchess street, london, W1W 6AN

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 3 charges/mortgages relating to richard ward associates ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

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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richard ward associates ltd Company Information

richard ward associates ltd Estimated Valuation

richard ward associates ltd Estimated Valuation

richard ward associates ltd Estimated Valuation

Richard Ward Associates Ltd Overview

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RICHARD WARD ASSOCIATES LTD financials

richard ward associates ltd Credit Report and Business Information

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richard ward associates ltd Ownership

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richard ward associates ltd company details

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