cockpit arts

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cockpit arts Company Information

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Company Number

02801969

Directors

David Moore

Bill Amberg

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Shareholders

-

Group Structure

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Industry

Operation of arts facilities

 +2

Registered Address

cockpit yard, northington street, london, WC1N 2NP

cockpit arts Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of COCKPIT ARTS at £1.7m based on a Turnover of £2.3m and 0.75x industry multiple (adjusted for size and gross margin).

cockpit arts Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of COCKPIT ARTS at £8.3m based on an EBITDA of £1.5m and a 5.73x industry multiple (adjusted for size and gross margin).

cockpit arts Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of COCKPIT ARTS at £8.5m based on Net Assets of £4.4m and 1.95x industry multiple (adjusted for liquidity).

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Cockpit Arts Overview

Cockpit Arts is a live company located in london, WC1N 2NP with a Companies House number of 02801969. It operates in the cultural education sector, SIC Code 85520. Founded in March 1993, it's largest shareholder is unknown. Cockpit Arts is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with unknown growth in recent years.

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Cockpit Arts Health Check

Pomanda's financial health check has awarded Cockpit Arts a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £2.3m, make it larger than the average company (£380.8k)

£2.3m - Cockpit Arts

£380.8k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Cockpit Arts

- - Industry AVG

production

Production

with a gross margin of 64.8%, this company has a comparable cost of product (64.8%)

64.8% - Cockpit Arts

64.8% - Industry AVG

profitability

Profitability

an operating margin of 61.4% make it more profitable than the average company (2.1%)

61.4% - Cockpit Arts

2.1% - Industry AVG

employees

Employees

with 9 employees, this is similar to the industry average (9)

9 - Cockpit Arts

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.8k, the company has a higher pay structure (£24.7k)

£54.8k - Cockpit Arts

£24.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £257.7k, this is more efficient (£52.7k)

£257.7k - Cockpit Arts

£52.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Cockpit Arts

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 25 days, this is close to average (26 days)

25 days - Cockpit Arts

26 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cockpit Arts

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 214 weeks, this is more cash available to meet short term requirements (119 weeks)

214 weeks - Cockpit Arts

119 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.9%, this is a lower level of debt than the average (23%)

18.9% - Cockpit Arts

23% - Industry AVG

COCKPIT ARTS financials

EXPORTms excel logo

Cockpit Arts's latest turnover from March 2024 is £2.3 million and the company has net assets of £4.4 million. According to their latest financial statements, Cockpit Arts has 9 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover2,319,2222,648,9381,904,444904,6861,019,992960,4751,019,334952,252919,678876,598891,167797,710781,667745,864693,849
Other Income Or Grants000000000000000
Cost Of Sales816,139961,817716,883393,864444,117418,147444,787434,040448,869425,312489,957403,844416,340400,851555,079
Gross Profit1,503,0831,687,1211,187,561510,822575,875542,328574,547518,212470,809451,286401,210393,866365,327345,013138,770
Admin Expenses79,369-100,770855,192426,176477,528549,631501,900418,793446,602372,392281,300364,890287,549239,810141,324
Operating Profit1,423,7141,787,891332,36984,64698,347-7,30372,64799,41924,20778,894119,91028,97677,778105,203-2,554
Interest Payable000002,0572,5383,8364,6715,4786,2867,0777,8588,77316,123
Interest Receivable000000000000000
Pre-Tax Profit1,065,5171,462,339269,47266,40477,883-13,29050,80969,0186,18946,87974,7032,22436,21952,935-19,152
Tax000000000000000
Profit After Tax1,065,5171,462,339269,47266,40477,883-13,29050,80969,0186,18946,87974,7032,22436,21952,935-19,152
Dividends Paid000000000000000
Retained Profit1,065,5171,462,339269,47266,40477,883-13,29050,80969,0186,18946,87974,7032,22436,21952,935-19,152
Employee Costs493,170515,331658,368413,405406,403382,916382,222342,919351,521317,957281,348263,882254,035247,721247,929
Number Of Employees999999989977777
EBITDA*1,454,7291,818,906378,892115,661129,36223,712104,719131,62957,584113,670153,83163,388111,023137,04934,436

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets4,242,0342,456,1051,414,5011,327,2951,358,3101,389,3251,420,3401,452,4121,484,6221,517,9991,548,5461,581,9171,611,6601,639,3101,670,346
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)00003,0136,3837,11418,2738,75819,64717,83314,2865,38619,70617,604
Total Fixed Assets4,242,0342,456,1051,414,5011,327,2951,361,3231,395,7081,427,4541,470,6851,493,3801,537,6461,566,3791,596,2031,617,0461,659,0161,687,950
Stock & work in progress000000000000000
Trade Debtors0005,97714,4239,3558,18711,36200001,8784,9963,829
Group Debtors000000000000000
Misc Debtors97,887621,064215,49865,42470,373102,277117,85892,782116,86384,33756,799100,29884,93959,83461,771
Cash1,043,7791,267,359510,439446,689367,014270,184265,605218,559137,617176,736134,45652,37163,062109,26772,069
misc current assets000000000000000
total current assets1,141,6661,888,423725,937518,090451,810381,816391,650322,703254,480261,073191,255152,669149,879174,097137,669
total assets5,383,7004,344,5282,140,4381,845,3851,813,1331,777,5241,819,1041,793,3881,747,8601,798,7191,757,6341,748,8721,766,9251,833,1131,825,619
Bank overdraft000000000000000
Bank loan18,5718,0025,1008,25242,49749,24847,74846,24846,24846,24850,44345,48840,48840,42640,426
Trade Creditors 58,121485,14761,20649,25463,64843,57545,5107,92316,03131,4246,52655,66053,64582,07178,208
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities176,792210,640194,257169,837202,135209,925185,080186,637163,342145,584131,460106,28392,757107,186115,267
total current liabilities253,484703,789260,563227,343308,280302,748278,338240,808225,621223,256188,429207,431186,890229,683233,901
loans764,846340,88642,36150,000044,11095,804147,016195,431243,031285,847337,003387,414432,105475,821
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00003,2156,9117,91719,3289,59021,40319,20814,9915,39820,32117,828
provisions000000000000000
total long term liabilities764,846340,88642,36150,0003,21551,021103,721166,344205,021264,434305,055351,994392,812452,426493,649
total liabilities1,018,3301,044,675302,924277,343311,495353,769382,059407,152430,642487,690493,484559,425579,702682,109727,550
net assets4,365,3703,299,8531,837,5141,568,0421,501,6381,423,7551,437,0451,386,2361,317,2181,311,0291,264,1501,189,4471,187,2231,151,0041,098,069
total shareholders funds4,365,3703,299,8531,837,5141,568,0421,501,6381,423,7551,437,0451,386,2361,317,2181,311,0291,264,1501,189,4471,187,2231,151,0041,098,069
Mar 2024Mar 2023Mar 2022Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit1,423,7141,787,891332,36984,64698,347-7,30372,64799,41924,20778,894119,91028,97677,778105,203-2,554
Depreciation31,01531,01546,52331,01531,01531,01532,07232,21033,37734,77633,92134,41233,24531,84636,990
Amortisation000000000000000
Tax000000000000000
Stock000000000000000
Debtors-523,177405,566215,498-16,408-30,206-15,14410,742-3,20421,63729,352-39,95222,3817,6671,33283,204
Creditors-427,026423,94161,206-14,39420,073-1,93537,587-8,108-15,39324,898-49,1342,015-28,4263,86378,208
Accruals and Deferred Income-33,84816,383194,257-32,298-7,79024,845-1,55723,29517,75814,12425,17713,526-14,429-8,081115,267
Deferred Taxes & Provisions000000000000000
Cash flow from operations1,517,0321,853,664418,85785,377171,85161,766130,007150,02038,312123,340169,82656,54860,501131,499144,707
Investing Activities
capital expenditure000000000-4,229-550-4,669-5,595-810-1,707,336
Change in Investments000000000000000
cash flow from investments000000000-4,229-550-4,669-5,595-810-1,707,336
Financing Activities
Bank loans10,5692,9025,100-34,245-6,7511,5001,50000-4,1954,9555,00062040,426
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans423,960298,52542,36150,000-44,110-51,694-51,212-48,415-47,600-42,816-51,156-50,411-44,691-43,716475,821
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000-3,215-3,696-1,006-11,4119,738-11,8132,1954,2179,593-14,9232,49317,828
share issue001,568,042000000000001,117,221
interest00000-2,057-2,538-3,836-4,671-5,478-6,286-7,077-7,858-8,773-16,123
cash flow from financing434,529301,4271,615,50312,540-54,557-53,257-63,661-42,513-64,084-50,294-48,270-42,895-67,410-49,9961,635,173
cash and cash equivalents
cash-223,580756,920510,43979,67596,8304,57947,04680,942-39,11942,28082,085-10,691-46,20537,19872,069
overdraft000000000000000
change in cash-223,580756,920510,43979,67596,8304,57947,04680,942-39,11942,28082,085-10,691-46,20537,19872,069

cockpit arts Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cockpit Arts Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for cockpit arts by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in WC1N area or any other competitors across 12 key performance metrics.

cockpit arts Ownership

COCKPIT ARTS group structure

Cockpit Arts has 1 subsidiary company.

Ultimate parent company

COCKPIT ARTS

02801969

1 subsidiary

COCKPIT ARTS Shareholders

--

cockpit arts directors

Cockpit Arts currently has 10 directors. The longest serving directors include Mr David Moore (Jun 2014) and Mr Bill Amberg (Jun 2017).

officercountryagestartendrole
Mr David Moore60 years Jun 2014- Director
Mr Bill Amberg63 years Jun 2017- Director
Ms Patricia Godfrey64 years Jul 2019- Director
Mrs Nishita DewanEngland40 years Nov 2019- Director
Mr Mehul Nathwani36 years Nov 2019- Director
Ms Davina Von Mallinckrodt62 years Apr 2021- Director
Ms Darla-Jane GilroyEngland66 years Aug 2023- Director
Mr Gavin Murray Watters44 years Jul 2024- Director
Mr Ian SmartEngland62 years Jul 2024- Director
Mr Kawshik Bhogaita56 years Dec 2024- Director

P&L

March 2024

turnover

2.3m

-12%

operating profit

1.4m

0%

gross margin

64.9%

+1.76%

turnover

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

Balance Sheet

March 2024

net assets

4.4m

+0.32%

total assets

5.4m

+0.24%

cash

1m

-0.18%

net assets

Total assets minus all liabilities

cockpit arts company details

company number

02801969

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

85520 - Cultural education

90040 - Operation of arts facilities

85600 - Educational support activities

incorporation date

March 1993

age

32

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

HAYSMACINTYRE LLP

address

cockpit yard, northington street, london, WC1N 2NP

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

RUSSELL COOKE

cockpit arts 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 4 charges/mortgages relating to cockpit arts. Currently there are 3 open charges and 1 have been satisfied in the past.

cockpit arts 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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cockpit arts Companies House Filings - See Documents

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