The "no Way" Trust Limited

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the "no way" trust limited Company Information

Live

MatureSmallHealthy

Company Number

02953857

Website

http://pmnw.co.uk

Registered Address

the deep business centre, tower street, hull, east yorkshire, HU1 4BG

Industry

General secondary education

Primary education

Telephone

01482224382

Next Accounts Due

April 2025

Group Structure

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Directors

Stephen Rock11 Years

David Grantham11 Years

View All

Shareholders

-0%

the "no way" trust limited Estimated Valuation

£357.5k

Pomanda estimates the enterprise value of THE "NO WAY" TRUST LIMITED at £357.5k based on a Turnover of £548.8k and 0.65x industry multiple (adjusted for size and gross margin).

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The "no Way" Trust Limited is a live company located in hull, HU1 4BG with a Companies House number of 02953857. It operates in the primary education sector, SIC Code 85200. Founded in July 1994, it's largest shareholder is unknown. The "no Way" Trust Limited is a mature, small sized company, Pomanda has estimated its turnover at £548.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded The "No Way" Trust Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £548.8k, make it smaller than the average company (£5.8m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.7%)

EXPORT

The "No Way" Trust Limited's latest turnover from July 2023 is £548.8 thousand and the company has net assets of £21.2 thousand. According to their latest financial statements, The "No Way" Trust Limited has 23 employees and maintains cash reserves of £66.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	548,826	517,162	409,619	395,604	485,407	708,637	527,184	547,099	651,863	625,716	486,941	466,741	627,701	689,490
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	291,656	279,122	231,229	207,675	254,861	364,218	273,723	278,202	371,032	346,097	260,680	242,283	314,289	356,783
Gross Profit	257,170	238,040	178,390	187,929	230,546	344,419	253,461	268,897	280,831	279,619	226,261	224,458	313,412	332,707
Admin Expenses	263,981	210,615	171,899	202,075	221,112	323,511	248,196	269,867	264,239	262,228	224,000	220,958	282,201	80,431
Operating Profit	-6,811	27,425	6,491	-14,146	9,434	20,908	5,265	-970	16,592	17,391	2,261	3,500	31,211	252,276
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-4,257	22,225	4,350	-14,842	7,550	16,962	3,418	-2,441	12,512	12,698	1,330	2,584	22,427	-22,470
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-4,257	22,225	4,350	-14,842	7,550	16,962	3,418	-2,441	12,512	12,698	1,330	2,584	22,427	-22,470
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,257	22,225	4,350	-14,842	7,550	16,962	3,418	-2,441	12,512	12,698	1,330	2,584	22,427	181,643
Employee Costs	395,367	354,519	302,919	282,034	305,641	399,337	308,301	333,711	371,869	336,487	256,477	239,552	317,460	339,068
Number Of Employees	23	22	23	22	24	23	27	28	30	27	22	19	19	19
EBITDA*	-6,475	27,861	7,154	-13,268	10,504	37,146	17,321	10,510	27,210	25,727	12,323	14,409	44,759	269,612

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	12,133	14,063	15,697	16,103	23,561	33,156	47,266	42,170	53,650	32,784	38,488	27,979	26,665	36,018
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	12,133	14,063	15,697	16,103	23,561	33,156	47,266	42,170	53,650	32,784	38,488	27,979	26,665	36,018
Stock & work in progress	1,061	1,061	1,061	1,061	1,061	1,061	1,060	2,679	2,738	2,824	2,902	1,895	2,358	2,609
Trade Debtors	135,425	122,450	102,050	89,920	107,338	109,690	104,329	127,669	101,271	81,257	63,456	67,623	85,945	82,651
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,692	2,263	6,531	2,505	1,774	1,314	4,628	4,845	7,254	8,331	9,198	6,067	8,703	15,248
Cash	66,317	92,989	108,639	45,246	159	1,814	11,463	627	514	2,388	254	24,057	151	2,386
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	205,495	218,763	218,281	138,732	110,332	113,879	121,480	135,820	111,777	94,800	75,810	99,642	97,157	102,894
total assets	217,628	232,826	233,978	154,835	133,893	147,035	168,746	177,990	165,427	127,584	114,298	127,621	123,822	138,912
Bank overdraft	3,824	3,824	3,919	877	3,554	0	0	32,229	13,105	10,304	17,593	0	2,115	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,062	5,683	16,177	2,613	9,435	24,351	23,282	21,682	24,564	22,322	25,402	21,593	28,195	73,588
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	343	5,267	5,267	5,267	0	0	0	0	0
other current liabilities	181,543	186,525	195,313	133,336	107,176	116,163	150,542	127,308	123,280	119,231	108,274	144,329	134,397	128,636
total current liabilities	189,429	196,032	215,409	136,826	120,165	140,857	179,091	186,486	166,216	151,857	151,269	165,922	164,707	202,224
loans	6,995	11,333	15,333	19,123	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	439	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	5,706	10,972	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	6,995	11,333	15,333	19,123	0	0	439	5,706	10,972	0	0	0	0	0
total liabilities	196,424	207,365	230,742	155,949	120,165	140,857	179,530	192,192	177,188	151,857	151,269	165,922	164,707	202,224
net assets	21,204	25,461	3,236	-1,114	13,728	6,178	-10,784	-14,202	-11,761	-24,273	-36,971	-38,301	-40,885	-63,312
total shareholders funds	21,204	25,461	3,236	-1,114	13,728	6,178	-10,784	-14,202	-11,761	-24,273	-36,971	-38,301	-40,885	-63,312

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-6,811	27,425	6,491	-14,146	9,434	20,908	5,265	-970	16,592	17,391	2,261	3,500	31,211	252,276
Depreciation	336	436	663	878	1,070	16,238	12,056	11,480	10,618	8,336	10,062	10,909	13,548	17,336
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	1	-1,619	-59	-86	-78	1,007	-463	-251	2,609
Debtors	13,404	16,132	16,156	-16,687	-1,892	2,047	-23,557	23,989	18,937	16,934	-1,036	-20,958	-3,251	97,899
Creditors	-1,621	-10,494	13,564	-6,822	-14,916	1,069	1,600	-2,882	2,242	-3,080	3,809	-6,602	-45,393	73,588
Accruals and Deferred Income	-4,982	-8,788	61,977	26,160	-8,987	-34,379	23,234	4,028	4,049	10,957	-36,055	9,932	5,761	128,636
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-26,482	-7,553	66,539	22,757	-11,507	1,788	67,331	-12,274	14,650	16,748	-19,894	39,160	8,629	371,328
Investing Activities
capital expenditure	0	0	0	0	0	-2,128	-17,114	0	-31,484	-2,632	-20,571	-12,223	-4,195	-53,354
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	0	-2,128	-17,114	0	-31,484	-2,632	-20,571	-12,223	-4,195	-53,354
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-4,338	-4,000	-3,790	19,123	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-343	-5,363	439	0	5,267	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-5,706	-5,266	10,972	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	-244,955
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	-4,338	-4,000	-3,790	19,123	-343	-5,363	-5,267	-5,266	16,239	0	0	0	0	-244,955
cash and cash equivalents
cash	-26,672	-15,650	63,393	45,087	-1,655	-9,649	10,836	113	-1,874	2,134	-23,803	23,906	-2,235	2,386
overdraft	0	-95	3,042	-2,677	3,554	0	-32,229	19,124	2,801	-7,289	17,593	-2,115	2,115	0
change in cash	-26,672	-15,555	60,351	47,764	-5,209	-9,649	43,065	-19,011	-4,675	9,423	-41,396	26,021	-4,350	2,386

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE "NO WAY" TRUST LIMITED group structure

The "No Way" Trust Limited has no subsidiary companies.

Ultimate parent company

THE "NO WAY" TRUST LIMITED

02953857

THE "NO WAY" TRUST LIMITED Shareholders

The "No Way" Trust Limited currently has 5 directors. The longest serving directors include Mr Stephen Rock (Feb 2013) and Mr David Grantham (Sep 2013).

officer	age	start	end	role
Mr Stephen Rock	72 years	Feb 2013	-	Director
Mr David Grantham	59 years	Sep 2013	-	Director
Mr Graham McDonald	77 years	Nov 2013	-	Director
Mrs Dawn Douglas	55 years	Jun 2017	-	Director
Mrs Sandra Fawcett	64 years	Nov 2019	-	Director

P&L

July 2023

turnover

548.8k

+6%

operating profit

-6.8k

gross margin

46.9%

+1.8%

turnover

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

Balance Sheet

July 2023

net assets

21.2k

-0.17%

total assets

217.6k

-0.07%

cash

66.3k

-0.29%

net assets

Total assets minus all liabilities

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company number

02953857

Type

Private Ltd By Guarantee w/o Share Cap

industry

85310 - General secondary education

85200 - Primary education

incorporation date

July 1994

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

July 2023

address

the deep business centre, tower street, hull, east yorkshire, HU1 4BG

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 the "no way" trust limited. Currently there are 1 open charges and 0 have been satisfied in the past.

the "no way" trust limited Company Information

the "no way" trust limited Estimated Valuation

the "no way" trust limited Estimated Valuation

the "no way" trust limited Estimated Valuation

The "no Way" Trust Limited Overview

The "no Way" Trust Limited Health Check

THE "NO WAY" TRUST LIMITED financials

the "no way" trust limited Credit Report and Business Information

The "no Way" Trust Limited Competitor Analysis

the "no way" trust limited Ownership

the "no way" trust limited directors

the "no way" trust limited company details

the "no way" trust limited Charges & Mortgages

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