Pomanda estimates the enterprise value of RADIO WORKS LIMITED at £19.5m based on a Turnover of £36.5m and 0.53x industry multiple (adjusted for size and gross margin).
radio works limitedEstimated Valuation
£6.3m
Pomanda estimates the enterprise value of RADIO WORKS LIMITED at £6.3m based on an EBITDA of £1.8m and a 3.47x industry multiple (adjusted for size and gross margin).
radio works limitedEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of RADIO WORKS LIMITED at £1.5m based on Net Assets of £874.2k and 1.76x industry multiple (adjusted for liquidity).
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Radio Works LimitedOverview
Radio Works Limited is a live company located in london, W1T 6HE with a Companies House number of 03171591. It operates in the advertising agencies sector, SIC Code 73110. Founded in March 1996, it's largest shareholder is
radio works limited employee ownership trust
with a 100% stake. Radio Works Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£36.5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Radio Works Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £36.5m, make it larger than the average company (£10m)
£36.5m - Radio Works Limited
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (6.5%)
34% - Radio Works Limited
6.5% - Industry AVG
Production
with a gross margin of 11.9%, this company has a higher cost of product (43.5%)
11.9% - Radio Works Limited
43.5% - Industry AVG
Profitability
an operating margin of 4.9% make it as profitable than the average company (5.2%)
4.9% - Radio Works Limited
5.2% - Industry AVG
Employees
with 28 employees, this is below the industry average (44)
28 - Radio Works Limited
44 - Industry AVG
Pay Structure
on an average salary of £56.6k, the company has an equivalent pay structure (£66k)
£56.6k - Radio Works Limited
£66k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£186.4k)
£1.3m - Radio Works Limited
£186.4k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (59 days)
50 days - Radio Works Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (43 days)
32 days - Radio Works Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Radio Works Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (14 weeks)
8 weeks - Radio Works Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.3%, this is a higher level of debt than the average (68.2%)
87.3% - Radio Works Limited
68.2% - Industry AVG
RADIO WORKS LIMITED financials
EXPORT
Radio Works Limited's latest turnover from December 2023 is £36.5 million and the company has net assets of £874.2 thousand. According to their latest financial statements, Radio Works Limited has 28 employees and maintains cash reserves of £938.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
36,483,303
31,485,961
27,471,274
15,326,738
18,512,526
23,011,669
20,548,384
19,072,662
14,872,528
15,032,230
16,562,848
11,495,495
10,562,429
9,512,471
8,582,023
Other Income Or Grants
Cost Of Sales
32,126,245
26,888,902
23,480,140
12,704,806
15,192,268
19,066,493
16,901,493
15,614,114
12,159,294
12,570,927
13,790,938
9,774,626
8,664,873
7,848,684
6,970,561
Gross Profit
4,357,058
4,597,059
3,991,134
2,621,932
3,320,258
3,945,176
3,646,891
3,458,548
2,713,234
2,461,303
2,771,910
1,720,869
1,897,556
1,663,787
1,611,462
Admin Expenses
2,581,738
2,631,169
2,178,960
1,884,471
2,443,956
2,699,134
2,285,888
2,304,251
1,805,586
1,942,618
2,373,091
1,609,218
1,536,883
1,549,568
1,554,333
Operating Profit
1,775,320
1,965,890
1,812,174
737,461
876,302
1,246,042
1,361,003
1,154,297
907,648
518,685
398,819
111,651
360,673
114,219
57,129
Interest Payable
1,540
2,436
30
Interest Receivable
62,778
4,609
5,305
37,354
20,702
13,804
3,199
1,845
1,913
1,386
1,322
1,186
989
437
5,685
Pre-Tax Profit
1,836,558
1,970,499
1,817,479
774,815
897,004
1,259,846
1,361,766
1,154,297
909,561
520,071
400,111
112,837
361,662
114,656
62,814
Tax
-426,212
-382,683
-125,299
-161,686
-183,960
-252,115
-276,303
-250,797
-229,060
-95,353
-112,891
-36,347
-94,020
-48,180
-22,120
Profit After Tax
1,410,346
1,587,816
1,692,180
613,129
713,044
1,007,731
1,085,463
903,500
680,501
424,718
287,220
76,490
267,642
66,476
40,694
Dividends Paid
5,000
120,000
148,000
120,000
135,000
130,000
279,582
108,964
90,000
60,000
35,394
60,000
60,000
Retained Profit
1,410,346
1,587,816
1,687,180
493,129
565,044
887,731
950,463
773,500
400,919
315,754
197,220
16,490
232,248
6,476
-19,306
Employee Costs
1,584,009
1,356,252
1,370,570
1,237,677
1,562,172
1,658,622
1,326,396
1,521,051
934,149
1,082,266
5,101,851
3,075,283
2,968,779
2,632,586
1,005,554
Number Of Employees
28
26
27
38
43
43
44
43
36
33
94
60
59
53
EBITDA*
1,826,677
2,005,013
1,863,789
808,320
956,584
1,349,127
1,448,359
1,237,837
1,089,298
568,932
470,121
180,675
435,626
188,925
142,949
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
77,466
71,618
80,509
125,679
178,127
229,719
296,473
352,043
405,349
177,651
203,011
243,988
255,888
256,625
330,311
Intangible Assets
31,011
7,473
1,917
5,177
11,227
18,596
16,563
11,905
5,778
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
108,477
79,091
82,426
130,856
189,354
248,315
313,036
363,948
411,127
177,651
203,011
243,988
255,888
256,625
330,311
Stock & work in progress
Trade Debtors
5,093,828
4,202,217
1,673,236
2,064,212
2,044,982
3,897,071
2,979,655
3,467,985
2,496,657
2,989,281
2,599,869
1,787,090
1,506,562
1,968,101
953,967
Group Debtors
Misc Debtors
721,084
995,547
2,858,296
2,050,271
686,913
1,232,152
737,683
842,366
640,240
475,941
423,151
400,821
394,432
662,683
603,550
Cash
938,372
2,193,350
2,716,036
5,290,259
5,562,020
4,390,948
3,277,978
2,208,441
1,762,301
1,509,311
849,640
985,632
1,144,316
672,211
682,636
misc current assets
total current assets
6,753,284
7,391,114
7,247,568
9,404,742
8,293,915
9,520,171
6,995,316
6,518,792
4,899,198
4,974,533
3,872,660
3,173,543
3,045,310
3,302,995
2,240,153
total assets
6,861,761
7,470,205
7,329,994
9,535,598
8,483,269
9,768,486
7,308,352
6,882,740
5,310,325
5,152,184
4,075,671
3,417,531
3,301,198
3,559,620
2,570,464
Bank overdraft
Bank loan
Trade Creditors
2,898,389
3,290,445
2,914,947
2,160,478
1,815,614
2,956,270
2,312,344
2,382,111
1,470,600
2,027,055
1,657,222
1,510,263
1,453,873
1,888,248
944,447
Group/Directors Accounts
8,500
8,500
other short term finances
hp & lease commitments
other current liabilities
3,089,152
2,906,191
2,679,558
1,635,856
1,416,880
2,124,559
1,193,988
1,648,231
1,762,549
1,449,050
1,053,399
739,437
695,984
743,780
700,389
total current liabilities
5,987,541
6,196,636
5,594,505
3,796,334
3,232,494
5,080,829
3,506,332
4,030,342
3,233,149
3,476,105
2,710,621
2,249,700
2,149,857
2,640,528
1,653,336
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
9,695
4,725
8,175
12,815
14,741
16,835
17,676
15,954
15,476
20,501
20,501
20,501
20,501
25,013
total long term liabilities
9,695
4,725
8,175
12,815
14,741
16,835
17,676
15,954
15,476
20,501
20,501
20,501
20,501
25,013
total liabilities
5,987,541
6,206,331
5,599,230
3,804,509
3,245,309
5,095,570
3,523,167
4,048,018
3,249,103
3,491,581
2,731,122
2,270,201
2,170,358
2,661,029
1,678,349
net assets
874,220
1,263,874
1,730,764
5,731,089
5,237,960
4,672,916
3,785,185
2,834,722
2,061,222
1,660,603
1,344,549
1,147,330
1,130,840
898,591
892,115
total shareholders funds
874,220
1,263,874
1,730,764
5,731,089
5,237,960
4,672,916
3,785,185
2,834,722
2,061,222
1,660,603
1,344,549
1,147,330
1,130,840
898,591
892,115
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
1,775,320
1,965,890
1,812,174
737,461
876,302
1,246,042
1,361,003
1,154,297
907,648
518,685
398,819
111,651
360,673
114,219
57,129
Depreciation
44,191
34,679
48,355
62,633
67,378
90,792
79,058
80,551
180,068
50,247
71,302
69,024
74,953
74,706
85,820
Amortisation
7,166
4,444
3,260
8,226
12,904
12,293
8,298
2,989
1,582
Tax
-426,212
-382,683
-125,299
-161,686
-183,960
-252,115
-276,303
-250,797
-229,060
-95,353
-112,891
-36,347
-94,020
-48,180
-22,120
Stock
Debtors
617,148
666,232
417,049
1,382,588
-2,397,328
1,411,885
-593,013
1,173,454
-328,325
442,202
835,109
286,917
-729,790
1,073,267
1,557,517
Creditors
-392,056
375,498
754,469
344,864
-1,140,656
643,926
-69,767
911,511
-556,455
369,833
146,959
56,390
-434,375
943,801
944,447
Accruals and Deferred Income
182,961
226,633
1,043,702
218,976
-707,679
930,571
-454,243
-114,318
313,499
395,651
313,962
43,453
-47,796
43,391
700,389
Deferred Taxes & Provisions
-9,695
4,970
-3,450
-4,640
-1,926
-2,094
-841
1,722
478
-5,025
-4,512
25,013
Cash flow from operations
564,527
1,563,199
3,116,162
-176,754
1,319,691
1,257,530
1,240,218
612,501
946,085
791,836
-16,958
-42,746
589,225
50,158
233,161
Investing Activities
capital expenditure
-38,364
-36,444
-36,361
-412,126
-24,887
-30,325
-57,124
-74,216
-1,020
-9,257
Change in Investments
cash flow from investments
-38,364
-36,444
-36,361
-412,126
-24,887
-30,325
-57,124
-74,216
-1,020
-9,257
Financing Activities
Bank loans
Group/Directors Accounts
-8,500
8,500
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-1,800,000
-2,054,706
-5,687,505
-300
300
-1
1
911,421
interest
61,238
4,609
5,305
37,354
20,702
13,804
763
1,845
1,913
1,386
1,292
1,186
989
437
5,685
cash flow from financing
-1,738,762
-2,050,097
-5,682,200
37,354
20,702
13,804
763
1,845
1,613
1,686
1,291
1,186
-7,510
437
925,606
cash and cash equivalents
cash
-1,254,978
-522,686
-2,574,223
-271,761
1,171,072
1,112,970
1,069,537
446,140
252,990
659,671
-135,992
-158,684
472,105
-10,425
682,636
overdraft
change in cash
-1,254,978
-522,686
-2,574,223
-271,761
1,171,072
1,112,970
1,069,537
446,140
252,990
659,671
-135,992
-158,684
472,105
-10,425
682,636
radio works limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for radio works limited. Get real-time insights into radio works limited's credit score, group structure and payment trends.
Perform a competitor analysis for radio works limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in W1T area or any other competitors across 12 key performance metrics.
The sole shareholder of Radio Works Limited is Radio Works Limited Employee Ownership Trust.
radio works limited employee ownership trust
100%
radio works limited directors
Radio Works Limited currently has 3 directors.
The longest serving directors include
Mr Michael Charnley-Heaton (Mar 1996) and
Mr Richard Dennis-Jones (Feb 2021).
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 radio works limited. Currently there are 1 open charges and 2 have been satisfied in the past.
radio works limited 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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radio works limitedCompanies House Filings - See Documents
