association of colleges

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association of colleges Company Information

Share ASSOCIATION OF COLLEGES

Company Number

03216271

Shareholders

-

Group Structure

View All

Industry

Activities of business and employers membership organisations

 

Registered Address

10 bloomsbury way, london, WC1A 2SL

association of colleges Estimated Valuation

£10.1m

Pomanda estimates the enterprise value of ASSOCIATION OF COLLEGES at £10.1m based on a Turnover of £16m and 0.63x industry multiple (adjusted for size and gross margin).

association of colleges Estimated Valuation

£830.4k

Pomanda estimates the enterprise value of ASSOCIATION OF COLLEGES at £830.4k based on an EBITDA of £266.8k and a 3.11x industry multiple (adjusted for size and gross margin).

association of colleges Estimated Valuation

£12.2m

Pomanda estimates the enterprise value of ASSOCIATION OF COLLEGES at £12.2m based on Net Assets of £5m and 2.45x industry multiple (adjusted for liquidity).

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Association Of Colleges Overview

Association Of Colleges is a live company located in london, WC1A 2SL with a Companies House number of 03216271. It operates in the activities of business and employers membership organizations sector, SIC Code 94110. Founded in June 1996, it's largest shareholder is unknown. Association Of Colleges is a mature, mid sized company, Pomanda has estimated its turnover at £16m with healthy growth in recent years.

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Association Of Colleges Health Check

Pomanda's financial health check has awarded Association Of Colleges a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £16m, make it larger than the average company (£1.2m)

£16m - Association Of Colleges

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.2%)

11% - Association Of Colleges

6.2% - Industry AVG

production

Production

with a gross margin of 25.8%, this company has a higher cost of product (69.3%)

25.8% - Association Of Colleges

69.3% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it as profitable than the average company (0.8%)

0.8% - Association Of Colleges

0.8% - Industry AVG

employees

Employees

with 152 employees, this is above the industry average (17)

152 - Association Of Colleges

17 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.3k, the company has a higher pay structure (£44.7k)

£55.3k - Association Of Colleges

£44.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £105.3k, this is equally as efficient (£96.2k)

£105.3k - Association Of Colleges

£96.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 35 days, this is near the average (37 days)

35 days - Association Of Colleges

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (46 days)

13 days - Association Of Colleges

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Association Of Colleges

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 71 weeks, this is average cash available to meet short term requirements (67 weeks)

71 weeks - Association Of Colleges

67 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 60%, this is a higher level of debt than the average (43.2%)

60% - Association Of Colleges

43.2% - Industry AVG

ASSOCIATION OF COLLEGES financials

EXPORTms excel logo

Association Of Colleges's latest turnover from March 2024 is £16 million and the company has net assets of £5 million. According to their latest financial statements, Association Of Colleges has 152 employees and maintains cash reserves of £9.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover15,999,39115,136,33014,486,13111,759,00114,608,81414,304,82015,256,88316,899,15916,264,95419,146,30316,389,22614,623,03816,110,06213,169,78110,778,563
Other Income Or Grants126,254
Cost Of Sales11,864,80811,466,63111,072,2668,109,57310,916,4229,802,92811,263,49012,171,44411,117,31313,585,34012,011,43910,720,41012,178,6588,742,2016,932,890
Gross Profit4,134,5833,669,6993,413,8653,775,6823,692,3924,501,8923,993,3934,727,7155,147,6415,560,9634,377,7873,902,6283,931,4044,427,5803,845,673
Admin Expenses4,008,6754,405,9643,957,2193,896,1274,606,0475,482,0404,332,8824,772,0665,413,3314,895,9614,057,4114,236,2974,070,0253,568,2653,499,404
Operating Profit125,908-736,265-543,354-120,445-913,655-980,148-339,489-44,351-265,690665,002320,376-333,669-138,621859,315346,269
Interest Payable387,000406,000276,000244,000317,000304,000308,000308,000282,00098,00098,000
Interest Receivable734,606197,5239,7316,78837,82219,92620,93110,46724,93421,96642,26156,01973,06429,63028,047
Pre-Tax Profit860,514-925,742-939,623-389,657-1,119,833-1,277,222-622,558-341,884-548,756404,968264,637-370,650-59,557685,945226,316
Tax-156,961-75,520-36,285-6,853-3,212-37,734-18,350-70,269-103,445-204,042-185,942-31,665-42,826-29,789-88,442
Profit After Tax703,553-1,001,262-975,908-396,510-1,123,045-1,314,956-640,908-412,153-652,201200,92678,695-402,315-102,383656,156137,874
Dividends Paid
Retained Profit703,553-1,001,262-975,908-396,510-1,123,045-1,314,956-640,908-412,153-652,201200,92678,695-402,315-102,383656,156137,874
Employee Costs8,411,6199,203,5808,698,4527,203,7567,220,6977,184,2666,548,5866,708,6887,295,9616,172,4765,410,6154,821,5314,683,6563,537,6343,957,408
Number Of Employees1521581039610398971081121087876808070
EBITDA*266,768-602,892-370,48599,396-720,050-803,042-132,694154,275-70,452868,588478,831-221,00313,175998,388494,808

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets131,019186,009182,191166,269236,393301,724294,158145,048257,306356,657327,800205,311160,644212,795266,389
Intangible Assets14,23760,618106,99896,42914,20228,41642,624
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets131,019200,246242,809273,267332,822301,724308,360173,464299,930356,657327,800205,311160,644212,795266,389
Stock & work in progress
Trade Debtors1,541,3511,658,8872,266,3581,387,3501,542,0072,895,5563,388,5812,523,2142,575,0174,106,9991,904,7552,333,5302,012,5471,193,6851,767,381
Group Debtors52,6327,8494,9408,57819,97486,03057,085114,77089,43116,27430,004
Misc Debtors876,892777,295656,860850,404685,772623,340619,913471,269564,791546,266549,822659,007668,845508,747599,290
Cash9,941,9049,651,4398,561,9137,829,3166,828,2804,971,6444,588,0095,505,0945,555,1565,712,0957,604,8889,365,75510,581,01914,994,6894,667,049
misc current assets
total current assets12,360,14712,087,62111,485,13110,067,0709,108,6918,498,3898,601,4438,508,1558,714,93810,451,39010,116,55012,473,06213,351,84216,713,3957,063,724
total assets12,491,16612,287,86711,727,94010,340,3379,441,5138,800,1138,909,8038,681,6199,014,86810,808,04710,444,35012,678,37313,512,48616,926,1907,330,113
Bank overdraft
Bank loan
Trade Creditors 432,467416,580470,299386,426377,815579,906754,665289,558447,076688,228509,176620,8531,022,225995,324714,518
Group/Directors Accounts2222,0815,52825910,60565,35613,2191,362,049
other short term finances53,500
hp & lease commitments
other current liabilities6,775,5357,143,5737,044,7136,206,3435,644,8884,784,4444,891,0705,089,2805,390,3446,716,0067,004,4248,231,6359,941,11013,228,3323,530,217
total current liabilities7,208,2247,562,2347,520,5406,593,0286,022,7035,374,9555,645,7355,378,8385,890,9207,469,5907,526,81910,214,53710,963,33514,223,6564,244,735
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions290,875189,11922,62422,62420,6163,9197,873293,67812,692
total long term liabilities290,875189,11915,238,62420,636,62412,017,61610,351,91910,407,87311,349,6788,501,6929,434,0006,312,0004,523,0005,145,0002,096,0005,854,000
total liabilities7,499,0997,751,35322,759,16427,229,65218,040,31915,726,87416,053,60816,728,51614,392,61216,903,59013,838,81914,737,53716,108,33516,319,65610,098,735
net assets4,992,0674,536,514-11,031,224-16,889,315-8,598,806-6,926,761-7,143,805-8,046,897-5,377,744-6,095,543-3,394,469-2,059,164-2,595,849606,534-2,768,622
total shareholders funds4,992,0674,536,514-11,031,224-16,889,315-8,598,806-6,926,761-7,143,805-8,046,897-5,377,744-6,095,543-3,394,469-2,059,164-2,595,849606,534-2,768,622
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit125,908-736,265-543,354-120,445-913,655-980,148-339,489-44,351-265,690665,002320,376-333,669-138,621859,315346,269
Depreciation126,623119,136126,489173,461161,462162,898192,587184,418195,238203,586158,455112,666151,796139,073148,539
Amortisation14,23714,23746,38046,38032,14314,20814,20814,208
Tax-156,961-75,520-36,285-6,853-3,212-37,734-18,350-70,269-103,445-204,042-185,942-31,665-42,826-29,789-88,442
Stock
Debtors-17,939-487,036685,464-42,657-1,246,334-486,6891,010,373-156,721-1,579,5132,227,633-595,645336,4841,052,117-677,9692,396,675
Creditors15,887-53,71983,8738,611-202,091-174,759465,107-157,518-241,152179,052-111,677-401,37226,901280,806714,518
Accruals and Deferred Income-368,03898,860838,370561,455860,444-106,626-198,210-301,064-1,325,662-288,418-1,227,211-1,709,475-3,287,2229,698,1153,530,217
Deferred Taxes & Provisions101,756166,4952,00816,697-3,954-285,805280,98612,692
Cash flow from operations-122,64920,260-169,991707,2741,198,122-639,426-1,180,32563,131-148,506-1,672,453-450,354-2,699,999-4,342,08911,625,4892,254,426
Investing Activities
capital expenditure-170,537-322,993-51,691-151,676-294,821-164,519-99,645-91,303-146,738
Change in Investments
cash flow from investments-170,537-322,993-51,691-151,676-294,821-164,519-99,645-91,303-146,738
Financing Activities
Bank loans
Group/Directors Accounts-1,859-3,4475,269259-10,60510,605-65,35652,137-1,348,8301,362,049
Other Short Term Loans -53,50053,500
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-248,00016,569,0006,833,999-7,893,999-549,0001,532,0001,544,000-2,257,0001,370,000-2,902,000-1,414,000939,000-3,100,0002,719,000-2,906,496
interest734,606-189,477-396,269-269,212-206,178-297,074-283,069-297,533-283,066-260,034-55,739-41,98173,06429,63028,047
cash flow from financing484,74716,376,0766,442,999-8,162,952-765,7831,245,5311,260,931-2,608,0331,075,078-3,109,897-2,818,5692,259,068-3,026,9362,748,630-2,878,449
cash and cash equivalents
cash290,4651,089,526732,5971,001,0361,856,636383,635-917,085-50,062-156,939-1,892,793-1,760,867-1,215,264-4,413,67010,327,6404,667,049
overdraft
change in cash290,4651,089,526732,5971,001,0361,856,636383,635-917,085-50,062-156,939-1,892,793-1,760,867-1,215,264-4,413,67010,327,6404,667,049

association of colleges 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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Association Of Colleges Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for association of colleges by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in WC1A area or any other competitors across 12 key performance metrics.

association of colleges Ownership

ASSOCIATION OF COLLEGES group structure

Association Of Colleges has 1 subsidiary company.

Ultimate parent company

ASSOCIATION OF COLLEGES

03216271

1 subsidiary

ASSOCIATION OF COLLEGES Shareholders

--

association of colleges directors

Association Of Colleges currently has 18 directors. The longest serving directors include Mr Peter Brophy (Nov 2007) and Mr Gerard McDonald (Dec 2014).

officercountryagestartendrole
Mr Peter Brophy64 years Nov 2007- Director
Mr Gerard McDonaldEngland58 years Dec 2014- Director
Mr Jatinder SharmaEngland57 years Mar 2015- Director
Mr David HughesEngland59 years Sep 2016- Director
Ms Angela FoulkesEngland57 years Dec 2019- Director
Mr Andrew BerryUnited Kingdom53 years Dec 2019- Director
Dr Shaid Mahmood60 years Jan 2020- Director
Mr William BaldwinEngland46 years Feb 2020- Director
Mr Anthony BravoEngland62 years Mar 2020- Director
Mr David Williams52 years Mar 2021- Director

P&L

March 2024

turnover

16m

+6%

operating profit

125.9k

-117%

gross margin

25.9%

+6.59%

turnover

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

Balance Sheet

March 2024

net assets

5m

+0.1%

total assets

12.5m

+0.02%

cash

9.9m

+0.03%

net assets

Total assets minus all liabilities

association of colleges company details

company number

03216271

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

94110 - Activities of business and employers membership organisations

incorporation date

June 1996

age

29

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

abc (1996) (July 1996)

accountant

-

auditor

BISHOP FLEMING LLP

address

10 bloomsbury way, london, WC1A 2SL

Bank

BARCLAYS BANK PLC

Legal Advisor

EVERSHEDS SUTHERLAND LLP

association of colleges 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 2 charges/mortgages relating to association of colleges. Currently there are 2 open charges and 0 have been satisfied in the past.

association of colleges 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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association of colleges Companies House Filings - See Documents

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