river of life church (worthing)
river of life church (worthing) Company Information
Company Number
03392465
Next Accounts
Jul 2025
Shareholders
-
Group Structure
View All
Industry
Activities of religious organisations
Registered Address
chantry house 22 upperton road, eastbourne, east sussex, BN21 1BF
Website
www.riveroflifechurch.co.ukriver of life church (worthing) Estimated Valuation
Pomanda estimates the enterprise value of RIVER OF LIFE CHURCH (WORTHING) at £47.2k based on a Turnover of £76.6k and 0.62x industry multiple (adjusted for size and gross margin).
river of life church (worthing) Estimated Valuation
Pomanda estimates the enterprise value of RIVER OF LIFE CHURCH (WORTHING) at £19.4k based on an EBITDA of £6.4k and a 3.04x industry multiple (adjusted for size and gross margin).
river of life church (worthing) Estimated Valuation
Pomanda estimates the enterprise value of RIVER OF LIFE CHURCH (WORTHING) at £251.4k based on Net Assets of £102.7k and 2.45x industry multiple (adjusted for liquidity).
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River Of Life Church (worthing) Overview
River Of Life Church (worthing) is a live company located in east sussex, BN21 1BF with a Companies House number of 03392465. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in June 1997, it's largest shareholder is unknown. River Of Life Church (worthing) is a mature, micro sized company, Pomanda has estimated its turnover at £76.6k with low growth in recent years.
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River Of Life Church (worthing) Health Check
Pomanda's financial health check has awarded River Of Life Church (Worthing) a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £76.6k, make it smaller than the average company (£287.7k)
£76.6k - River Of Life Church (worthing)
£287.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (2.1%)
3% - River Of Life Church (worthing)
2.1% - Industry AVG
Production
with a gross margin of 83.3%, this company has a comparable cost of product (83.3%)
83.3% - River Of Life Church (worthing)
83.3% - Industry AVG
Profitability
an operating margin of 5.5% make it more profitable than the average company (2.9%)
5.5% - River Of Life Church (worthing)
2.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - River Of Life Church (worthing)
6 - Industry AVG
Pay Structure
on an average salary of £12.8k, the company has a lower pay structure (£22.6k)
£12.8k - River Of Life Church (worthing)
£22.6k - Industry AVG
Efficiency
resulting in sales per employee of £25.5k, this is less efficient (£60.4k)
£25.5k - River Of Life Church (worthing)
£60.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - River Of Life Church (worthing)
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - River Of Life Church (worthing)
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - River Of Life Church (worthing)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1057 weeks, this is more cash available to meet short term requirements (378 weeks)
1057 weeks - River Of Life Church (worthing)
378 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2%, this is a lower level of debt than the average (5.5%)
2% - River Of Life Church (worthing)
5.5% - Industry AVG
RIVER OF LIFE CHURCH (WORTHING) financials
River Of Life Church (Worthing)'s latest turnover from October 2023 is £76.6 thousand and the company has net assets of £102.7 thousand. According to their latest financial statements, River Of Life Church (Worthing) has 3 employees and maintains cash reserves of £43 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,624 | 71,406 | 60,201 | 69,166 | 61,268 | 69,703 | 60,938 | 56,089 | 62,776 | 53,714 | 62,367 | 73,432 | 111,472 | 72,153 | 85,702 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 4,725 | -9,322 | -514 | 8,742 | -11,936 | 3,892 | -2,455 | 1,458 | 2,817 | -6,334 | -8,467 | -4,729 | 14,780 | -12,341 | 2,003 |
| Tax | |||||||||||||||
| Profit After Tax | 4,725 | -9,322 | -514 | 8,742 | -11,936 | 3,892 | -2,455 | 1,458 | 2,817 | -6,334 | -8,467 | -4,729 | 14,780 | -12,341 | 2,003 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 4,725 | -9,322 | -514 | 8,742 | -11,936 | 3,892 | -2,455 | 1,458 | 2,817 | -6,334 | -8,467 | -4,729 | 14,780 | -12,341 | 2,003 |
| Employee Costs | 38,259 | 37,030 | 35,069 | 34,706 | 32,436 | 30,934 | 32,165 | 31,886 | 32,025 | 32,591 | 33,779 | 36,534 | 37,674 | 34,827 | 31,977 |
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 60,094 | 62,272 | 63,860 | 65,920 | 67,980 | 70,040 | 72,100 | 74,160 | 76,220 | 78,280 | 80,340 | 82,400 | 84,460 | 86,520 | 88,580 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 60,094 | 62,272 | 63,860 | 65,920 | 67,980 | 70,040 | 72,100 | 74,160 | 76,220 | 78,280 | 80,340 | 82,400 | 84,460 | 86,520 | 88,580 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 2,825 | 3,422 | 3,092 | 4,134 | 6,219 | 6,874 | 9,111 | ||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,613 | 388 | 370 | 342 | 316 | 304 | 292 | 637 | 4,088 | 279 | 271 | 1,463 | 1,272 | 3,873 | |
| Cash | 43,006 | 36,888 | 44,565 | 43,056 | 32,298 | 42,206 | 33,437 | 32,962 | 29,694 | 28,232 | 29,396 | 35,160 | 34,168 | 17,480 | 23,984 |
| misc current assets | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |
| total current assets | 44,719 | 37,376 | 45,035 | 43,498 | 32,714 | 42,610 | 36,654 | 37,121 | 33,882 | 28,611 | 32,859 | 39,394 | 41,950 | 25,726 | 37,068 |
| total assets | 104,813 | 99,648 | 108,895 | 109,418 | 100,694 | 112,650 | 108,754 | 111,281 | 110,102 | 106,891 | 113,199 | 121,794 | 126,410 | 112,246 | 125,648 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,115 | 1,675 | 1,600 | 1,609 | 1,627 | 1,647 | 1,643 | 1,715 | 1,994 | 1,600 | 1,574 | 1,702 | 1,589 | 2,205 | 3,266 |
| total current liabilities | 2,115 | 1,675 | 1,600 | 1,609 | 1,627 | 1,647 | 1,643 | 1,715 | 1,994 | 1,600 | 1,574 | 1,702 | 1,589 | 2,205 | 3,266 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 2,115 | 1,675 | 1,600 | 1,609 | 1,627 | 1,647 | 1,643 | 1,715 | 1,994 | 1,600 | 1,574 | 1,702 | 1,589 | 2,205 | 3,266 |
| net assets | 102,698 | 97,973 | 107,295 | 107,809 | 99,067 | 111,003 | 107,111 | 109,566 | 108,108 | 105,291 | 111,625 | 120,092 | 124,821 | 110,041 | 122,382 |
| total shareholders funds | 102,698 | 97,973 | 107,295 | 107,809 | 99,067 | 111,003 | 107,111 | 109,566 | 108,108 | 105,291 | 111,625 | 120,092 | 124,821 | 110,041 | 122,382 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 2,178 | 2,178 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 | 2,060 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 1,225 | 18 | 28 | 26 | 12 | -2,813 | -942 | -29 | 3,809 | -3,084 | -771 | -3,548 | -464 | -4,838 | 12,984 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | 440 | 75 | -9 | -18 | -20 | 4 | -72 | -279 | 394 | 26 | -128 | 113 | -616 | -1,061 | 3,266 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 120,379 | ||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 6,118 | -7,677 | 1,509 | 10,758 | -9,908 | 8,769 | 475 | 3,268 | 1,462 | -1,164 | -5,764 | 992 | 16,688 | -6,504 | 23,984 |
| overdraft | |||||||||||||||
| change in cash | 6,118 | -7,677 | 1,509 | 10,758 | -9,908 | 8,769 | 475 | 3,268 | 1,462 | -1,164 | -5,764 | 992 | 16,688 | -6,504 | 23,984 |
river of life church (worthing) Credit Report and Business Information
River Of Life Church (worthing) Competitor Analysis
Perform a competitor analysis for river of life church (worthing) by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in BN21 area or any other competitors across 12 key performance metrics.
river of life church (worthing) Ownership
RIVER OF LIFE CHURCH (WORTHING) group structure
River Of Life Church (Worthing) has no subsidiary companies.
Ultimate parent company
RIVER OF LIFE CHURCH (WORTHING)
03392465
river of life church (worthing) directors
River Of Life Church (Worthing) currently has 5 directors. The longest serving directors include Mr Mark Langham (May 2007) and Mr Richard Marshall (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Langham | United Kingdom | 64 years | May 2007 | - | Director |
| Mr Richard Marshall | England | 65 years | Apr 2018 | - | Director |
| Mrs Wendy Marshall | England | 64 years | Apr 2018 | - | Director |
| Ms Ann Lovejoy Bruce-Kerr | United Kingdom | 55 years | Dec 2023 | - | Director |
| Mr Patrick Woodward | United Kingdom | 69 years | Dec 2023 | - | Director |
P&L
October 2023turnover
76.6k
+7%
operating profit
4.2k
0%
gross margin
83.4%
-11.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
102.7k
+0.05%
total assets
104.8k
+0.05%
cash
43k
+0.17%
net assets
Total assets minus all liabilities
river of life church (worthing) company details
company number
03392465
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
June 1997
age
28
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
broadwater christian fellowship (December 2003)
accountant
JOHN CALADINE
auditor
-
address
chantry house 22 upperton road, eastbourne, east sussex, BN21 1BF
Bank
SANTANDER UK PLC
Legal Advisor
-
river of life church (worthing) 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 river of life church (worthing).
river of life church (worthing) 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.
Click to start generating capital raising & share issue transactions for RIVER OF LIFE CHURCH (WORTHING). This can take several minutes, an email will notify you when this has completed.
river of life church (worthing) Companies House Filings - See Documents
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