the converging world
the converging world Company Information
Group Structure
View All
Industry
Other social work activities without accommodation n.e.c.
Registered Address
leigh court business centre, pill road, bristol, BS8 3RA
Website
www.theconvergingworld.orgthe converging world Estimated Valuation
Pomanda estimates the enterprise value of THE CONVERGING WORLD at £50.3k based on a Turnover of £104k and 0.48x industry multiple (adjusted for size and gross margin).
the converging world Estimated Valuation
Pomanda estimates the enterprise value of THE CONVERGING WORLD at £564.6k based on an EBITDA of £112.1k and a 5.03x industry multiple (adjusted for size and gross margin).
the converging world Estimated Valuation
Pomanda estimates the enterprise value of THE CONVERGING WORLD at £5.7m based on Net Assets of £2.4m and 2.4x industry multiple (adjusted for liquidity).
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The Converging World Overview
The Converging World is a live company located in bristol, BS8 3RA with a Companies House number of 03010221. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in January 1995, it's largest shareholder is unknown. The Converging World is a mature, micro sized company, Pomanda has estimated its turnover at £104k with low growth in recent years.
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The Converging World Health Check
Pomanda's financial health check has awarded The Converging World a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £104k, make it smaller than the average company (£439.9k)
£104k - The Converging World
£439.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.1%)
2% - The Converging World
5.1% - Industry AVG
Production
with a gross margin of 74.3%, this company has a comparable cost of product (74.3%)
74.3% - The Converging World
74.3% - Industry AVG
Profitability
an operating margin of 107.9% make it more profitable than the average company (5%)
107.9% - The Converging World
5% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
- The Converging World
13 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- The Converging World
- - Industry AVG
Efficiency
resulting in sales per employee of £34.7k, this is equally as efficient (£38k)
- The Converging World
£38k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Converging World
- - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is slower than average (6 days)
37 days - The Converging World
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Converging World
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (261 weeks)
0 weeks - The Converging World
261 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.8%, this is a higher level of debt than the average (13.3%)
27.8% - The Converging World
13.3% - Industry AVG
THE CONVERGING WORLD financials
The Converging World's latest turnover from March 2022 is £104 thousand and the company has net assets of £2.4 million. According to their latest financial statements, we estimate that The Converging World has 3 employees and maintains cash reserves of £6.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 103,971 | 102,223 | 123,021 | 98,424 | 113,342 | 183,634 | 158,709 | 219,887 | 1,024,364 | 565,294 | 529,735 | 564,632 | 859,946 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | 31,531 | 33,008 | 31,626 | 168,035 | 174,671 | 137,480 | 134,386 | 124,189 | |||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | 51,625 | 41,366 | 31,430 | 29,889 | 46,863 | 68,155 | 28,104 | 130,930 | 62,669 | -257,604 | -338,056 | -124,677 | 216,828 |
| Tax | |||||||||||||
| Profit After Tax | 51,625 | 41,366 | 31,430 | 29,889 | 46,863 | 68,155 | 28,104 | 130,930 | 62,669 | -257,604 | -338,056 | -124,677 | 216,828 |
| Dividends Paid | |||||||||||||
| Retained Profit | 51,625 | 41,366 | 31,430 | 29,889 | 46,863 | 68,155 | 28,104 | 130,930 | 62,669 | -257,604 | -338,056 | -124,677 | 216,828 |
| Employee Costs | 1,700 | 21,411 | 41,601 | 62,925 | 33,409 | 230,818 | 260,462 | 309,892 | 191,928 | 109,103 | |||
| Number Of Employees | 1 | 1 | 1 | 3 | 2 | 6 | 8 | 8 | 8 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 283 | 2,729,651 | 2,865,978 | 2,044,995 | 2,154,462 | 2,282,961 | |||||||
| Intangible Assets | 19,879 | 21,204 | 22,529 | 23,854 | 25,179 | ||||||||
| Investments & Other | 2,559,304 | 3,169,592 | 3,079,155 | 3,033,218 | 2,942,781 | 2,859,004 | 792,000 | 792,000 | 3 | ||||
| Debtors (Due After 1 year) | 3,594 | 2,008,943 | 1,866,488 | ||||||||||
| Total Fixed Assets | 2,559,304 | 3,169,592 | 3,079,155 | 3,033,218 | 2,946,375 | 2,859,004 | 2,800,943 | 2,658,771 | 2,749,533 | 2,887,182 | 2,067,524 | 2,178,316 | 2,308,140 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 766 | 766 | 7,041 | 6,642 | 7,342 | 15,771 | 9,443 | 39,635 | 91,028 | 250,582 | 150,618 | 154,562 | |
| Group Debtors | 700,885 | 34,684 | 17,363 | 17,400 | 18,482 | 9,557 | 74,836 | ||||||
| Misc Debtors | 34,539 | 33,790 | 36,632 | 35,471 | 28,166 | 25,665 | 24,316 | 21,886 | 1,205,787 | 988,178 | 95,379 | 75,777 | 60,921 |
| Cash | 6,493 | 13,773 | 16,233 | 2,163 | 548 | 1,560 | 612 | 41,195 | 144,771 | 158,357 | 177,385 | 427,239 | 611,976 |
| misc current assets | |||||||||||||
| total current assets | 741,917 | 83,013 | 70,994 | 62,075 | 53,838 | 44,124 | 40,699 | 147,360 | 1,390,193 | 1,237,563 | 523,346 | 653,634 | 827,459 |
| total assets | 3,301,221 | 3,252,605 | 3,150,149 | 3,095,293 | 3,000,213 | 2,903,128 | 2,841,642 | 2,806,131 | 4,139,726 | 4,124,745 | 2,590,870 | 2,831,950 | 3,135,599 |
| Bank overdraft | 476,207 | 636,636 | 125,000 | 357,307 | 151,366 | 205,573 | |||||||
| Bank loan | |||||||||||||
| Trade Creditors | 2,732 | 10,990 | 3,847 | 147 | 15,111 | 6,471 | 1,717 | 2,044 | 67,431 | 42,926 | 142,874 | 82,723 | 7,943 |
| Group/Directors Accounts | 40,644 | 43,644 | 30,599 | 14,622 | 6,568 | 3,454 | 2,561 | 140,747 | 70,186 | 60,000 | |||
| other short term finances | 77,717 | 158,331 | 135,526 | 45,327 | |||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 122,085 | 109,830 | 88,619 | 68,123 | 55,359 | 37,172 | 35,462 | 32,596 | 359,128 | 244,869 | 190,750 | 122,696 | 99,755 |
| total current liabilities | 641,668 | 801,100 | 248,065 | 82,892 | 154,755 | 205,428 | 175,266 | 79,967 | 783,866 | 439,161 | 474,371 | 275,605 | 373,271 |
| loans | 241,085 | 82,834 | 568,336 | 710,083 | 546,363 | 456,467 | 493,298 | 583,112 | 2,155,717 | 2,911,741 | 1,050,618 | 1,224,826 | 1,356,807 |
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 35,541 | 37,369 | 43,812 | 43,812 | 70,478 | 59,479 | 59,479 | 57,557 | |||||
| provisions | |||||||||||||
| total long term liabilities | 276,626 | 120,203 | 612,148 | 753,895 | 616,841 | 515,946 | 552,777 | 640,669 | 2,155,717 | 2,911,741 | 1,050,618 | 1,224,826 | 1,356,807 |
| total liabilities | 918,294 | 921,303 | 860,213 | 836,787 | 771,596 | 721,374 | 728,043 | 720,636 | 2,939,583 | 3,350,902 | 1,524,989 | 1,500,431 | 1,730,078 |
| net assets | 2,382,927 | 2,331,302 | 2,289,936 | 2,258,506 | 2,228,617 | 2,181,754 | 2,113,599 | 2,085,495 | 1,055,011 | 773,843 | 1,065,881 | 1,331,519 | 1,405,521 |
| total shareholders funds | 2,382,927 | 2,331,302 | 2,289,936 | 2,258,506 | 2,228,617 | 2,181,754 | 2,113,599 | 2,085,495 | 1,055,011 | 773,843 | 1,065,881 | 1,331,519 | 1,405,521 |
| 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 | 283 | 136,327 | 136,723 | 119,728 | 128,499 | 134,212 | |||||||
| Amortisation | 1,325 | 1,325 | 1,325 | 1,325 | 1,325 | ||||||||
| Tax | |||||||||||||
| Stock | |||||||||||||
| Debtors | 666,184 | 14,479 | -5,151 | 3,028 | 14,320 | -2,006,466 | 76,377 | 727,231 | 166,216 | 733,245 | 119,566 | 10,912 | 215,483 |
| Creditors | -8,258 | 7,143 | 3,700 | -14,964 | 8,640 | 4,754 | -327 | -65,387 | 24,505 | -99,948 | 60,151 | 74,780 | 7,943 |
| Accruals and Deferred Income | 12,255 | 21,211 | 20,496 | 12,764 | 18,187 | 1,710 | 2,866 | -326,532 | 114,259 | 54,119 | 68,054 | 22,941 | 99,755 |
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -610,288 | 90,437 | 45,937 | 90,437 | 83,777 | 2,067,004 | 791,997 | 3 | |||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -3,000 | 13,045 | 15,977 | 8,054 | 3,114 | 893 | 2,561 | -140,747 | 70,561 | 10,186 | 60,000 | ||
| Other Short Term Loans | -77,717 | -80,614 | 22,805 | 90,199 | 45,327 | ||||||||
| Long term loans | 158,251 | -485,502 | -141,747 | 163,720 | 89,896 | -36,831 | -89,814 | -1,572,605 | -756,024 | 1,861,123 | -174,208 | -131,981 | 1,356,807 |
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -1,828 | -6,443 | -26,666 | 10,999 | 1,922 | 57,557 | |||||||
| share issue | |||||||||||||
| interest | -31,531 | -33,008 | -31,626 | -168,035 | -174,671 | -137,480 | -134,386 | -124,189 | |||||
| cash flow from financing | 153,423 | -478,900 | -125,770 | -44,664 | -28,140 | -601,793 | -705,560 | 1,511,271 | -168,709 | -205,506 | 2,481,311 | ||
| cash and cash equivalents | |||||||||||||
| cash | -7,280 | -2,460 | 14,070 | 1,615 | -1,012 | 948 | -40,583 | -103,576 | -13,586 | -19,028 | -249,854 | -184,737 | 611,976 |
| overdraft | -160,429 | 511,636 | 125,000 | -357,307 | 205,941 | 151,366 | -205,573 | 205,573 | |||||
| change in cash | 153,149 | -514,096 | -110,930 | 1,615 | -1,012 | 948 | -40,583 | 253,731 | -219,527 | -170,394 | -249,854 | 20,836 | 406,403 |
the converging world Credit Report and Business Information
The Converging World Competitor Analysis
Perform a competitor analysis for the converging world by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in BS8 area or any other competitors across 12 key performance metrics.
the converging world Ownership
THE CONVERGING WORLD group structure
The Converging World has 1 subsidiary company.
Ultimate parent company
THE CONVERGING WORLD
03010221
1 subsidiary
the converging world directors
The Converging World currently has 2 directors. The longest serving directors include Mr John Pontin (Jan 1995) and Dr Rob Brown (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Pontin | 87 years | Jan 1995 | - | Director | |
| Dr Rob Brown | England | 66 years | Jul 2021 | - | Director |
P&L
March 2022turnover
104k
+2%
operating profit
112.1k
0%
gross margin
74.3%
+14.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
2.4m
+0.02%
total assets
3.3m
+0.01%
cash
6.5k
-0.53%
net assets
Total assets minus all liabilities
the converging world company details
company number
03010221
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
January 1995
age
30
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
building partnership foundation (March 2007)
multi a limited (July 1997)
accountant
CHRISTOPHER BROWN
auditor
-
address
leigh court business centre, pill road, bristol, BS8 3RA
Bank
HSBC BANK PLC
Legal Advisor
BATES WELLS AND BRAITHWAITE
the converging world 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 the converging world. Currently there are 1 open charges and 0 have been satisfied in the past.
the converging world 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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the converging world Companies House Filings - See Documents
| date | description | view/download |
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