Optimas Wealth Planners Limited

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optimas wealth planners limited Company Information

Dissolved

Company Number

03131478

Website

www.optimas-wp.co.uk

Registered Address

st georges court, winnington avenue, northwich, cheshire, CW8 4EE

Industry

Financial management

Telephone

01606721300

Next Accounts Due

October 2024

Group Structure

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Directors

Alan McLaughlin28 Years

Cathryn Jones14 Years

Shareholders

optimas wp holdings ltd 100%

optimas wealth planners limited Estimated Valuation

£86.7k

Pomanda estimates the enterprise value of OPTIMAS WEALTH PLANNERS LIMITED at £86.7k based on Net Assets of £20.1k and 4.31x industry multiple (adjusted for liquidity).

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Optimas Wealth Planners Limited is a dissolved company that was located in northwich, CW8 4EE with a Companies House number of 03131478. It operated in the financial management sector, SIC Code 70221. Founded in November 1995, it's largest shareholder was optimas wp holdings ltd with a 100% stake. The last turnover for Optimas Wealth Planners Limited was estimated at £3.2k.

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Pomanda's financial health check has awarded Optimas Wealth Planners Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £3.2k, make it smaller than the average company (£487.9k)

Growth

3 year (CAGR) sales growth of -77%, show it is growing at a slower rate (5.7%)

EXPORT

Optimas Wealth Planners Limited's latest turnover from August 2022 is estimated at £3.2 thousand and the company has net assets of £20.1 thousand. According to their latest financial statements, we estimate that Optimas Wealth Planners Limited has 1 employee and maintains cash reserves of £563.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,229	0	101,974	275,934	425,824	231,078	0	218,394	118,000	119,587	130,095	67,026	36,859	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	442	0	25,438	80,596	71,144	46,136	0	54,851	38,833	40,933	36,513	20,758	12,180	0
Gross Profit	2,787	0	76,536	195,338	354,680	184,942	0	163,543	79,166	78,654	93,582	46,268	24,679	0
Admin Expenses	304,749	-271,152	85,947	188,487	352,929	205,826	2,369	166,410	73,745	78,308	79,676	5,407	-36,502	-10,010
Operating Profit	-301,962	271,152	-9,411	6,851	1,751	-20,884	-2,369	-2,867	5,421	346	13,906	40,861	61,181	10,010
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,713	270	117	921	941	329	322	667	742	762	692	535	322	109
Pre-Tax Profit	-293,249	271,422	-9,294	7,772	2,693	-20,555	-2,047	-2,200	6,163	1,108	14,597	41,396	61,503	10,119
Tax	0	-51,570	0	-1,477	-512	0	0	0	-1,294	-255	-3,503	-10,763	-17,221	-2,833
Profit After Tax	-293,249	219,852	-9,294	6,295	2,181	-20,555	-2,047	-2,200	4,869	853	11,094	30,633	44,282	7,286
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-293,249	219,852	-9,294	6,295	2,181	-20,555	-2,047	-2,200	4,869	853	11,094	30,633	44,282	7,286
Employee Costs	46,680	0	120,616	145,728	163,827	100,843	0	96,944	53,652	48,488	49,680	40,340	34,311	0
Number Of Employees	1	0	3	3	3	2	0	2	1	1	1	1	1	0
EBITDA*	-301,962	271,152	-8,302	6,851	3,973	-18,451	289	-17	7,464	2,901	18,904	46,335	63,705	13,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	0	0	3,283	4,207	4,173	5,645	8,078	8,969	8,636	7,664	14,994	16,422	9,782	10,093
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	0	0	3,283	4,207	4,173	5,645	8,078	8,969	8,636	7,664	14,994	16,422	9,782	10,093
Stock & work in progress	0	0	0	0	0	0	0	0	14,950	10,900	12,472	11,389	58,711	26,563
Trade Debtors	0	0	62	0	0	0	0	35,648	13,022	13,848	15,617	8,695	3,354	839
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	8,702	30,911	31,158	30,132	27,900	38,441	0	0	0	0	0	0	0
Cash	563,288	432,519	107,384	126,395	119,171	131,881	131,013	126,904	139,861	157,032	147,824	128,883	84,948	43,676
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	563,288	441,221	138,357	157,553	149,303	159,781	169,454	162,552	167,833	181,780	175,913	148,967	147,013	71,078
total assets	563,288	441,221	141,640	161,760	153,476	165,426	177,532	171,521	176,469	189,444	190,907	165,389	156,795	81,171
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,820	0	460	134	0	0	0	54,604	57,352	75,196	77,512	56,088	63,877	53,785
Group/Directors Accounts	530,027	0	3,472	988	536	8,149	4,674	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	10,341	127,872	43,587	57,316	55,913	61,326	56,352	0	0	0	0	0	0	0
total current liabilities	543,188	127,872	47,519	58,438	56,449	69,475	61,026	54,604	57,352	75,196	77,512	56,088	63,877	53,785
loans	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
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	0	0	0	0	7,000	21,250	0
provisions	0	0	624	531	531	1,636	1,636	0	0	0	0	0	0	0
total long term liabilities	0	0	624	531	531	1,636	1,636	0	0	0	0	7,000	21,250	0
total liabilities	543,188	127,872	48,143	58,969	56,980	71,111	62,662	54,604	57,352	75,196	77,512	63,088	85,127	53,785
net assets	20,100	313,349	93,497	102,791	96,496	94,315	114,870	116,917	119,117	114,248	113,395	102,301	71,668	27,386
total shareholders funds	20,100	313,349	93,497	102,791	96,496	94,315	114,870	116,917	119,117	114,248	113,395	102,301	71,668	27,386

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-301,962	271,152	-9,411	6,851	1,751	-20,884	-2,369	-2,867	5,421	346	13,906	40,861	61,181	10,010
Depreciation	0	0	1,109	0	2,222	2,433	2,658	2,850	2,043	2,555	4,998	5,474	2,524	3,364
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-51,570	0	-1,477	-512	0	0	0	-1,294	-255	-3,503	-10,763	-17,221	-2,833
Stock	0	0	0	0	0	0	0	-14,950	4,050	-1,572	1,083	-47,322	32,148	26,563
Debtors	-8,702	-22,271	-185	1,026	2,232	-10,541	2,793	22,626	-826	-1,769	6,922	5,341	2,515	839
Creditors	2,820	-460	326	134	0	0	-54,604	-2,748	-17,844	-2,316	21,424	-7,789	10,092	53,785
Accruals and Deferred Income	-117,531	84,285	-13,729	1,403	-5,413	4,974	56,352	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-624	93	0	-1,105	0	1,636	0	0	0	0	0	0	0
Cash flow from operations	-407,971	325,054	-21,427	5,885	-5,289	-2,936	880	-10,441	-14,898	3,671	28,820	69,764	21,913	36,924
Investing Activities
capital expenditure	0	3,283	-185	-34	-750	0	-1,767	-3,183	-3,015	4,775	-3,570	-12,114	-2,213	-13,457
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	3,283	-185	-34	-750	0	-1,767	-3,183	-3,015	4,775	-3,570	-12,114	-2,213	-13,457
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	530,027	-3,472	2,484	452	-7,613	3,475	4,674	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-7,000	-14,250	21,250	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	20,100
interest	8,713	270	117	921	941	329	322	667	742	762	692	535	322	109
cash flow from financing	538,740	-3,202	2,601	1,373	-6,672	3,804	4,996	667	742	762	-6,308	-13,715	21,572	20,209
cash and cash equivalents
cash	130,769	325,135	-19,011	7,224	-12,710	868	4,109	-12,957	-17,171	9,208	18,941	43,935	41,272	43,676
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	130,769	325,135	-19,011	7,224	-12,710	868	4,109	-12,957	-17,171	9,208	18,941	43,935	41,272	43,676

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPTIMAS WEALTH PLANNERS LIMITED group structure

Optimas Wealth Planners Limited has no subsidiary companies.

Ultimate parent company

OPTIMAS WP HOLDINGS LIMITED

07359748

1 parent

OPTIMAS WEALTH PLANNERS LIMITED

03131478

OPTIMAS WEALTH PLANNERS LIMITED Shareholders

optimas wp holdings ltd

100%

Optimas Wealth Planners Limited currently has 2 directors. The longest serving directors include Mr Alan McLaughlin (Dec 1995) and Miss Cathryn Jones (Feb 2010).

officer	country	age	start	end	role
Mr Alan McLaughlin		70 years	Dec 1995	-	Director
Miss Cathryn Jones		47 years	Feb 2010	-	Director

P&L

August 2022

turnover

3.2k

operating profit

-302k

gross margin

86.4%

turnover

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

Balance Sheet

August 2022

net assets

20.1k

-0.94%

total assets

563.3k

+0.28%

cash

563.3k

+0.3%

net assets

Total assets minus all liabilities

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company number

03131478

Type

Private limited with Share Capital

industry

70221 - Financial management

incorporation date

November 1995

accounts

Total Exemption Full

ultimate parent company

OPTIMAS WP HOLDINGS LIMITED

previous names

bennett brooks financial planning limited (December 2009)

the lancashire & cheshire partnership limited (July 2002)

last accounts submitted

August 2022

address

st georges court, winnington avenue, northwich, cheshire, CW8 4EE

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optimas wealth planners limited Company Information

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optimas wealth planners limited Estimated Valuation

optimas wealth planners limited Estimated Valuation

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