youngmight limited
youngmight limited Company Information
Company Number
03221856
Next Accounts
Dec 2025
Shareholders
geoffrey goodyear atkinson
elysia ann atkinson
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
dalton house 9 dalton square, lancaster, lancashire, LA1 1WD
Website
bestwestern.co.ukyoungmight limited Estimated Valuation
Pomanda estimates the enterprise value of YOUNGMIGHT LIMITED at £7.4m based on a Turnover of £3.8m and 1.97x industry multiple (adjusted for size and gross margin).
youngmight limited Estimated Valuation
Pomanda estimates the enterprise value of YOUNGMIGHT LIMITED at £3.5m based on an EBITDA of £422.6k and a 8.22x industry multiple (adjusted for size and gross margin).
youngmight limited Estimated Valuation
Pomanda estimates the enterprise value of YOUNGMIGHT LIMITED at £7.8m based on Net Assets of £6m and 1.31x industry multiple (adjusted for liquidity).
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Youngmight Limited Overview
Youngmight Limited is a live company located in lancashire, LA1 1WD with a Companies House number of 03221856. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 1996, it's largest shareholder is geoffrey goodyear atkinson with a 90.8% stake. Youngmight Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with rapid growth in recent years.
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Youngmight Limited Health Check
Pomanda's financial health check has awarded Youngmight Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £3.8m, make it smaller than the average company (£19.1m)
£3.8m - Youngmight Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 68%, show it is growing at a faster rate (11.7%)
68% - Youngmight Limited
11.7% - Industry AVG
Production
with a gross margin of 82.6%, this company has a lower cost of product (34.9%)
82.6% - Youngmight Limited
34.9% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (4.6%)
2.6% - Youngmight Limited
4.6% - Industry AVG
Employees
with 65 employees, this is below the industry average (105)
65 - Youngmight Limited
105 - Industry AVG
Pay Structure
on an average salary of £23.7k, the company has a lower pay structure (£44.5k)
£23.7k - Youngmight Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £57.8k, this is less efficient (£190.5k)
£57.8k - Youngmight Limited
£190.5k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (45 days)
0 days - Youngmight Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (43 days)
46 days - Youngmight Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is less than average (34 days)
20 days - Youngmight Limited
34 days - 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 - Youngmight Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.4%, this is a lower level of debt than the average (68.7%)
30.4% - Youngmight Limited
68.7% - Industry AVG
YOUNGMIGHT LIMITED financials
Youngmight Limited's latest turnover from March 2024 is £3.8 million and the company has net assets of £6 million. According to their latest financial statements, Youngmight Limited has 65 employees and maintains cash reserves of £351.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | 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 | 3,756,580 | 3,598,497 | 3,473,569 | 789,434 | 3,195,472 | 2,974,543 | 2,904,646 | ||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 655,592 | 597,144 | 517,379 | 117,893 | 502,511 | 471,844 | 472,220 | ||||||||
| Gross Profit | 3,100,988 | 3,001,353 | 2,956,190 | 671,541 | 2,692,961 | 2,502,699 | 2,432,426 | ||||||||
| Admin Expenses | 3,002,289 | 2,975,551 | 2,468,541 | 1,343,635 | 2,668,742 | 2,256,313 | 2,163,802 | ||||||||
| Operating Profit | 98,699 | 25,802 | 487,649 | -672,094 | 24,219 | 246,386 | 268,624 | ||||||||
| Interest Payable | 21,294 | 3,076 | 20,988 | 20,057 | |||||||||||
| Interest Receivable | 1,186 | 3,787 | 2,776 | 3,104 | 7,615 | 5,722 | 699 | ||||||||
| Pre-Tax Profit | 99,885 | 29,589 | 469,131 | -672,066 | 31,834 | 231,120 | 249,266 | ||||||||
| Tax | -49,834 | -120,379 | -110,644 | 101,468 | -32,627 | -36,241 | -40,132 | ||||||||
| Profit After Tax | 50,051 | -90,790 | 358,487 | -570,598 | -793 | 194,879 | 209,134 | ||||||||
| Dividends Paid | 60,275 | 74,700 | 76,792 | 161,542 | 77,269 | 61,500 | 66,231 | ||||||||
| Retained Profit | -10,224 | -165,490 | 281,695 | -732,140 | -78,062 | 133,379 | 142,903 | ||||||||
| Employee Costs | 1,542,267 | 1,456,711 | 1,339,332 | 1,041,399 | 1,216,833 | 1,092,016 | 1,001,262 | ||||||||
| Number Of Employees | 65 | 71 | 64 | 57 | 62 | 61 | 58 | ||||||||
| EBITDA* | 422,631 | 328,583 | 788,490 | -363,742 | 332,735 | 1,913,000 | 457,893 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | 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 | 7,989,643 | 8,114,672 | 8,153,574 | 7,963,114 | 7,583,113 | 7,964,307 | 6,957,028 | ||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 930,141 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | ||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 7,989,643 | 8,114,672 | 8,153,574 | 7,963,114 | 7,583,113 | 7,964,307 | 7,887,169 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 | 338,430 |
| Stock & work in progress | 37,468 | 34,795 | 10,240 | 4,802 | 8,851 | 11,651 | |||||||||
| Trade Debtors | 6,758 | 12,268 | 4,838 | 3,279 | 1,620 | 13,378 | 7,640 | 2,597,303 | 2,640,701 | 2,641,302 | 2,703,321 | 2,720,766 | 2,770,988 | ||
| Group Debtors | 3,150,890 | 3,050,581 | |||||||||||||
| Misc Debtors | 166,780 | 146,627 | 221,897 | 211,640 | 211,479 | 188,080 | 525,970 | 402,646 | 494,703 | ||||||
| Cash | 351,495 | 242,194 | 1,002,512 | 1,219,543 | 1,835,734 | 1,990,870 | 245,987 | 108,035 | 117,275 | 1,241,241 | 1,047,239 | 1,047,350 | 961,540 | 945,041 | 893,106 |
| misc current assets | |||||||||||||||
| total current assets | 562,501 | 435,884 | 1,239,487 | 1,434,462 | 2,053,635 | 2,201,179 | 791,248 | 3,661,571 | 3,662,559 | 3,838,544 | 3,687,940 | 3,688,652 | 3,664,861 | 3,665,807 | 3,664,094 |
| total assets | 8,552,144 | 8,550,556 | 9,393,061 | 9,397,576 | 9,636,748 | 10,165,486 | 8,678,417 | 4,000,001 | 4,000,989 | 4,176,974 | 4,026,370 | 4,027,082 | 4,003,291 | 4,004,237 | 4,002,524 |
| Bank overdraft | 116,836 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 83,640 | 173,563 | 126,676 | 122,465 | 131,430 | 108,094 | 128,246 | 175,081 | 23,719 | 23,733 | 364 | ||||
| Group/Directors Accounts | 17,293 | 110,650 | 506 | 493 | 5,470 | 25,898 | 16,117 | ||||||||
| other short term finances | 14,735 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,101,806 | 1,918,329 | 2,872,374 | 2,773,452 | 2,743,459 | 2,798,039 | 566,992 | ||||||||
| total current liabilities | 2,202,739 | 2,202,542 | 2,999,556 | 2,911,145 | 2,880,359 | 2,932,031 | 828,191 | 175,081 | 23,719 | 23,733 | 364 | ||||
| loans | 485,265 | 759,236 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 395,301 | 383,686 | 263,684 | 153,040 | 176,122 | 170,828 | 161,742 | ||||||||
| total long term liabilities | 395,301 | 383,686 | 263,684 | 638,305 | 176,122 | 170,828 | 920,978 | ||||||||
| total liabilities | 2,598,040 | 2,586,228 | 3,263,240 | 3,549,450 | 3,056,481 | 3,102,859 | 1,749,169 | 175,081 | 23,719 | 23,733 | 364 | ||||
| net assets | 5,954,104 | 5,964,328 | 6,129,821 | 5,848,126 | 6,580,267 | 7,062,627 | 6,929,248 | 4,000,001 | 4,000,989 | 4,001,893 | 4,002,651 | 4,003,349 | 4,003,291 | 4,003,873 | 4,002,524 |
| total shareholders funds | 5,954,104 | 5,964,328 | 6,129,821 | 5,848,126 | 6,580,267 | 7,062,627 | 6,929,248 | 4,000,001 | 4,000,989 | 4,001,893 | 4,002,651 | 4,003,349 | 4,003,291 | 4,003,873 | 4,002,524 |
| Mar 2024 | Mar 2023 | 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 | 98,699 | 25,802 | 487,649 | -672,094 | 24,219 | 246,386 | 268,624 | ||||||||
| Depreciation | 323,932 | 302,781 | 300,841 | 308,352 | 308,516 | 1,666,614 | 189,269 | ||||||||
| Amortisation | |||||||||||||||
| Tax | -49,834 | -120,379 | -110,644 | 101,468 | -32,627 | -36,241 | -40,132 | ||||||||
| Stock | 2,673 | 24,555 | 10,240 | -4,802 | -4,049 | -2,800 | 11,651 | ||||||||
| Debtors | 14,643 | -67,840 | 11,816 | 1,820 | 11,641 | -332,152 | -3,019,926 | 8,252 | 947,981 | -43,398 | -601 | -62,019 | -17,445 | -50,222 | 2,770,988 |
| Creditors | -89,923 | 46,887 | 4,211 | -8,965 | 23,336 | -20,152 | 128,246 | -175,081 | 151,362 | -14 | 23,733 | -364 | 364 | ||
| Accruals and Deferred Income | 183,477 | -954,045 | 98,922 | 29,993 | -54,580 | 2,231,047 | 566,992 | ||||||||
| Deferred Taxes & Provisions | 11,615 | 120,002 | 110,644 | -23,082 | 5,294 | 9,086 | 161,742 | ||||||||
| Cash flow from operations | 460,650 | -535,667 | 869,567 | -261,346 | 266,566 | 4,431,692 | 4,283,016 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -252,304 | ||||||||||||||
| Change in Investments | -930,141 | 591,711 | 338,430 | ||||||||||||
| cash flow from investments | 930,141 | -844,015 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -93,357 | 110,144 | 13 | -4,977 | -20,428 | 9,781 | 16,117 | ||||||||
| Other Short Term Loans | -14,735 | 14,735 | |||||||||||||
| Long term loans | -485,265 | 485,265 | -759,236 | 759,236 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,186 | 3,787 | -18,518 | 28 | 7,615 | -15,266 | -19,358 | ||||||||
| cash flow from financing | -92,171 | 113,928 | -518,505 | 495,050 | -417,111 | -764,721 | 3,542,339 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 109,301 | -760,318 | -217,031 | -616,191 | -155,136 | 1,744,883 | 137,952 | -9,240 | -1,123,966 | 194,002 | -111 | 85,810 | 16,499 | 51,935 | 893,106 |
| overdraft | -116,836 | 116,836 | |||||||||||||
| change in cash | 109,301 | -760,318 | -217,031 | -616,191 | -155,136 | 1,861,719 | 21,116 | -9,240 | -1,123,966 | 194,002 | -111 | 85,810 | 16,499 | 51,935 | 893,106 |
youngmight limited Credit Report and Business Information
Youngmight Limited Competitor Analysis
Perform a competitor analysis for youngmight limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in LA1 area or any other competitors across 12 key performance metrics.
youngmight limited Ownership
YOUNGMIGHT LIMITED group structure
Youngmight Limited has 1 subsidiary company.
youngmight limited directors
Youngmight Limited currently has 3 directors. The longest serving directors include Mr Geoffrey Atkinson (Jul 1996) and Elysia Atkinson (Apr 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geoffrey Atkinson | 74 years | Jul 1996 | - | Director | |
| Elysia Atkinson | 78 years | Apr 2012 | - | Director | |
| Mr Clive Wilson | 61 years | Sep 2024 | - | Director |
P&L
March 2024turnover
3.8m
+4%
operating profit
98.7k
+283%
gross margin
82.6%
-1.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6m
0%
total assets
8.6m
0%
cash
351.5k
+0.45%
net assets
Total assets minus all liabilities
youngmight limited company details
company number
03221856
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
July 1996
age
29
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
westmorland hotels limited (August 2009)
youngmight limited (November 2008)
accountant
-
auditor
XEINADIN AUDIT LIMITED
address
dalton house 9 dalton square, lancaster, lancashire, LA1 1WD
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
youngmight limited 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 youngmight limited. Currently there are 1 open charges and 0 have been satisfied in the past.
youngmight 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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youngmight limited Companies House Filings - See Documents
| date | description | view/download |
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