project challenge

project challenge Company Information

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MatureSmallRapid

Company Number

03264709

Industry

Other education n.e.c.

 

Directors

Pamela Wilson

Allan Naylor

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Shareholders

-

Group Structure

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Contact

Registered Address

orangebox blackledge, halifax, HX1 1AF

project challenge Estimated Valuation

£483.6k

Pomanda estimates the enterprise value of PROJECT CHALLENGE at £483.6k based on a Turnover of £610k and 0.79x industry multiple (adjusted for size and gross margin).

project challenge Estimated Valuation

£485.7k

Pomanda estimates the enterprise value of PROJECT CHALLENGE at £485.7k based on an EBITDA of £109k and a 4.46x industry multiple (adjusted for size and gross margin).

project challenge Estimated Valuation

£879.2k

Pomanda estimates the enterprise value of PROJECT CHALLENGE at £879.2k based on Net Assets of £383.1k and 2.3x industry multiple (adjusted for liquidity).

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Project Challenge Overview

Project Challenge is a live company located in halifax, HX1 1AF with a Companies House number of 03264709. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in October 1996, it's largest shareholder is unknown. Project Challenge is a mature, small sized company, Pomanda has estimated its turnover at £610k with rapid growth in recent years.

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Project Challenge Health Check

Pomanda's financial health check has awarded Project Challenge a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

5 Regular

positive_score

0 Weak

size

Size

annual sales of £610k, make it in line with the average company (£514.1k)

£610k - Project Challenge

£514.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (4.4%)

34% - Project Challenge

4.4% - Industry AVG

production

Production

with a gross margin of 55.6%, this company has a comparable cost of product (55.6%)

55.6% - Project Challenge

55.6% - Industry AVG

profitability

Profitability

an operating margin of 16.8% make it more profitable than the average company (5.1%)

16.8% - Project Challenge

5.1% - Industry AVG

employees

Employees

with 14 employees, this is similar to the industry average (14)

14 - Project Challenge

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.8k, the company has an equivalent pay structure (£28.6k)

£26.8k - Project Challenge

£28.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £43.6k, this is equally as efficient (£50.7k)

£43.6k - Project Challenge

£50.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Project Challenge

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Project Challenge

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Project Challenge

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1526 weeks, this is more cash available to meet short term requirements (113 weeks)

1526 weeks - Project Challenge

113 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2.6%, this is a lower level of debt than the average (25.5%)

2.6% - Project Challenge

25.5% - Industry AVG

PROJECT CHALLENGE financials

EXPORTms excel logo

Project Challenge's latest turnover from July 2023 is £610 thousand and the company has net assets of £383.1 thousand. According to their latest financial statements, Project Challenge has 14 employees and maintains cash reserves of £294.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover609,977509,392395,933255,937348,819307,632203,276259,403296,545279,737358,060345,372290,028333,3600
Other Income Or Grants000000000000000
Cost Of Sales271,101221,214190,104123,304178,282160,799104,316135,438154,797153,582189,341175,062149,383171,3560
Gross Profit338,876288,178205,829132,633170,537146,83398,960123,965141,748126,155168,719170,310140,645162,0040
Admin Expenses236,665175,09064,656183,837135,097143,65443,729167,899141,400170,000138,184130,286131,374167,186-128,435
Operating Profit102,211113,088141,173-51,20435,4403,17955,231-43,934348-43,84530,53540,0249,271-5,182128,435
Interest Payable000000000000000
Interest Receivable0000000000000252140
Pre-Tax Profit86,83293,692114,450-51,11129,1672,74044,802-43,789611-43,41223,80930,6347,039-4,930128,575
Tax00000000000000-36,001
Profit After Tax86,83293,692114,450-51,11129,1672,74044,802-43,789611-43,41223,80930,6347,039-4,93092,574
Dividends Paid000000000000000
Retained Profit86,83293,692114,450-51,11129,1672,74044,802-43,789611-43,41223,80930,6347,039-4,93092,574
Employee Costs374,538256,716211,004231,816278,163224,505106,316225,783220,157205,866208,430240,289190,981180,5530
Number Of Employees14129911109108588680
EBITDA*108,970119,956144,088-49,93239,78411,63061,306-33,2206,333-36,71636,49148,21612,4801,956137,399

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets5,86312,6227,0663,1904,4627,42517,65422,33115,80615,34317,87223,8289,01512,22319,361
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets5,86312,6227,0663,1904,4627,42517,65422,33115,80615,34317,87223,8289,01512,22319,361
Stock & work in progress000000000000000
Trade Debtors0000000000046,44631,09332,75621,313
Group Debtors000000000000000
Misc Debtors92,84049,17941,83621,99739,81668,04767,68723,09622,69427,40453,4316,6904,14900
Cash294,437248,157164,85081,135104,17247,41733,87529,95085,98480,17492,87861,58551,98144,59956,070
misc current assets000000000000000
total current assets387,277297,336206,686103,132143,988115,464101,56253,046108,678107,578146,309114,72187,22377,35577,383
total assets393,140309,958213,752106,322148,450122,889119,21675,377124,484122,921164,181138,54996,23889,57896,744
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 00000000000001,9344,170
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities10,03113,68111,16718,1879,20412,81011,87712,84018,15817,20615,05413,2311,55400
total current liabilities10,03113,68111,16718,1879,20412,81011,87712,84018,15817,20615,05413,2311,5541,9344,170
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities10,03113,68111,16718,1879,20412,81011,87712,84018,15817,20615,05413,2311,5541,9344,170
net assets383,109296,277202,58588,135139,246110,079107,33962,537106,326105,715149,127125,31894,68487,64492,574
total shareholders funds383,109296,277202,58588,135139,246110,079107,33962,537106,326105,715149,127125,31894,68487,64492,574
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit102,211113,088141,173-51,20435,4403,17955,231-43,934348-43,84530,53540,0249,271-5,182128,435
Depreciation6,7596,8682,9151,2724,3448,4516,07510,7145,9857,1295,9568,1923,2097,1388,964
Amortisation000000000000000
Tax00000000000000-36,001
Stock000000000000000
Debtors43,6617,34319,839-17,819-28,23136044,591402-4,710-26,02729517,8942,48611,44321,313
Creditors000000000000-1,934-2,2364,170
Accruals and Deferred Income-3,6502,514-7,0208,983-3,606933-963-5,3189522,1521,82311,6771,55400
Deferred Taxes & Provisions000000000000000
Cash flow from operations61,659115,127117,229-23,13064,40912,20315,752-38,94011,995-8,53738,01941,9999,614-11,72384,255
Investing Activities
capital expenditure0000-1,3811,778-1,398-17,239000-23,005-10-28,325
Change in Investments000000000000000
cash flow from investments0000-1,3811,778-1,398-17,239000-23,005-10-28,325
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000000100
interest0000000000000252140
cash flow from financing0000000000001252140
cash and cash equivalents
cash46,28083,30783,715-23,03756,75513,5423,925-56,0345,810-12,70431,2939,6047,382-11,47156,070
overdraft000000000000000
change in cash46,28083,30783,715-23,03756,75513,5423,925-56,0345,810-12,70431,2939,6047,382-11,47156,070

project challenge 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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Project Challenge Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for project challenge by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in HX1 area or any other competitors across 12 key performance metrics.

project challenge Ownership

PROJECT CHALLENGE group structure

Project Challenge has no subsidiary companies.

Ultimate parent company

PROJECT CHALLENGE

03264709

PROJECT CHALLENGE Shareholders

--

project challenge directors

Project Challenge currently has 7 directors. The longest serving directors include Mrs Pamela Wilson (Oct 1996) and Mr Allan Naylor (Sep 2001).

officercountryagestartendrole
Mrs Pamela Wilson72 years Oct 1996- Director
Mr Allan NaylorUnited Kingdom72 years Sep 2001- Director
Mr Roger MastersonEngland59 years Sep 2016- Director
Mr Neil EarnshawEngland51 years Sep 2016- Director
Mr Christopher EvesEngland70 years Sep 2016- Director
Mr Roger Harvey77 years Jul 2020- Director
Mr Peter DawberEngland60 years Apr 2023- Director

P&L

July 2023

turnover

610k

+20%

operating profit

102.2k

0%

gross margin

55.6%

-1.8%

turnover

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

Balance Sheet

July 2023

net assets

383.1k

+0.29%

total assets

393.1k

+0.27%

cash

294.4k

+0.19%

net assets

Total assets minus all liabilities

project challenge company details

company number

03264709

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

85590 - Other education n.e.c.

incorporation date

October 1996

age

28

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

July 2023

previous names

N/A

accountant

VICTORIA J ATKINSON

auditor

-

address

orangebox blackledge, halifax, HX1 1AF

Bank

YORKSHIRE BANK PLC

Legal Advisor

WILKINSON WOODWARD

project challenge 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 did not find charges/mortgages relating to project challenge.

project challenge 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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project challenge Companies House Filings - See Documents

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