whichers ifa limited
whichers ifa limited Company Information
Company Number
03586741
Next Accounts
Sep 2025
Shareholders
shipman group holdings limited
Group Structure
View All
Industry
Life insurance
Registered Address
ground floor, eagle house, 1 babbage way, exeter, devon, EX5 2FN
Website
www.whichersifa.comwhichers ifa limited Estimated Valuation
Pomanda estimates the enterprise value of WHICHERS IFA LIMITED at £314.3k based on a Turnover of £558.3k and 0.56x industry multiple (adjusted for size and gross margin).
whichers ifa limited Estimated Valuation
Pomanda estimates the enterprise value of WHICHERS IFA LIMITED at £1.6m based on an EBITDA of £267.1k and a 5.95x industry multiple (adjusted for size and gross margin).
whichers ifa limited Estimated Valuation
Pomanda estimates the enterprise value of WHICHERS IFA LIMITED at £1.2m based on Net Assets of £742.5k and 1.65x industry multiple (adjusted for liquidity).
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Whichers Ifa Limited Overview
Whichers Ifa Limited is a live company located in exeter, EX5 2FN with a Companies House number of 03586741. It operates in the life insurance sector, SIC Code 65110. Founded in June 1998, it's largest shareholder is shipman group holdings limited with a 100% stake. Whichers Ifa Limited is a mature, small sized company, Pomanda has estimated its turnover at £558.3k with rapid growth in recent years.
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Whichers Ifa Limited Health Check
Pomanda's financial health check has awarded Whichers Ifa Limited 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
3 Strong
2 Regular
4 Weak
Size
annual sales of £558.3k, make it smaller than the average company (£1.2m)
£558.3k - Whichers Ifa Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (8.5%)
- Whichers Ifa Limited
8.5% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (99.7%)
100% - Whichers Ifa Limited
99.7% - Industry AVG
Profitability
an operating margin of 47.5% make it more profitable than the average company (7.4%)
47.5% - Whichers Ifa Limited
7.4% - Industry AVG
Employees
with 6 employees, this is below the industry average (16)
6 - Whichers Ifa Limited
16 - Industry AVG
Pay Structure
on an average salary of £61.2k, the company has an equivalent pay structure (£61.2k)
- Whichers Ifa Limited
£61.2k - Industry AVG
Efficiency
resulting in sales per employee of £93k, this is less efficient (£136.7k)
£93k - Whichers Ifa Limited
£136.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Whichers Ifa Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Whichers Ifa Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Whichers Ifa Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Whichers Ifa Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.1%, this is a lower level of debt than the average (92.6%)
36.1% - Whichers Ifa Limited
92.6% - Industry AVG
WHICHERS IFA LIMITED financials
Whichers Ifa Limited's latest turnover from December 2023 is £558.3 thousand and the company has net assets of £742.5 thousand. According to their latest financial statements, Whichers Ifa Limited has 6 employees and maintains cash reserves of £4.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Apr 2022 | Apr 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 558,282 | 442,949 | 1,065,927 | 1,067,384 | 874,293 | 799,226 | 719,674 | 804,598 | 1,088,218 | 1,113,100 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 544 | 180,360 | 167,163 | 144,081 | 114,367 | 92,294 | 217,663 | 430,189 | 446,284 | ||||||
| Gross Profit | 558,282 | 442,405 | 748,636 | 986,178 | 885,567 | 900,221 | 730,212 | 684,859 | 627,380 | 586,935 | 658,029 | 666,816 | |||
| Admin Expenses | 292,865 | 263,625 | 702,299 | 665,354 | 572,456 | 586,867 | 540,959 | 497,511 | 494,738 | 468,734 | 476,358 | 537,473 | |||
| Operating Profit | 265,417 | 178,780 | 46,337 | 320,824 | 313,111 | 313,354 | 189,253 | 187,348 | 132,642 | 118,201 | 181,671 | 129,343 | |||
| Interest Payable | 406 | ||||||||||||||
| Interest Receivable | 2,663 | 1,528 | 19 | 53 | 37 | 29 | 25 | 28 | 8 | ||||||
| Pre-Tax Profit | 265,011 | 178,781 | 49,000 | 322,352 | 313,130 | 313,407 | 189,290 | 187,377 | 132,642 | 118,226 | 181,699 | 129,351 | |||
| Tax | -62,655 | -33,226 | -11,432 | -61,867 | -62,509 | -63,080 | -38,654 | -37,566 | -27,662 | -25,092 | -42,011 | -30,038 | |||
| Profit After Tax | 202,356 | 145,555 | 37,568 | 260,485 | 250,621 | 250,327 | 150,636 | 149,811 | 104,980 | 93,134 | 139,688 | 99,313 | |||
| Dividends Paid | 132,000 | 231,654 | 200,868 | 233,900 | 125,033 | 146,000 | 86,000 | 126,000 | 131,085 | 82,750 | |||||
| Retained Profit | 202,356 | 145,555 | -94,432 | 28,831 | 49,753 | 16,427 | 25,603 | 3,811 | 18,980 | -32,866 | 8,603 | 16,563 | |||
| Employee Costs | |||||||||||||||
| Number Of Employees | 6 | 7 | 7 | 14 | 14 | 12 | 12 | ||||||||
| EBITDA* | 267,138 | 192,634 | 56,820 | 332,733 | 321,567 | 320,237 | 195,771 | 193,890 | 138,612 | 125,741 | 187,289 | 131,968 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Apr 2022 | Apr 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 | 30 | 1,751 | 15,605 | 25,229 | 31,448 | 35,728 | 33,846 | 25,368 | 20,647 | 19,331 | 19,626 | 17,910 | 22,619 | 16,822 | 20,790 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 30 | 1,751 | 15,605 | 25,229 | 31,448 | 35,728 | 33,846 | 25,368 | 20,647 | 19,331 | 19,626 | 17,910 | 22,619 | 16,822 | 20,790 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 89,710 | 58,117 | 69,293 | 73,222 | 2,106 | 12,938 | 3,587 | 5,831 | 3,279 | 2,848 | 18,512 | 12,600 | |||
| Group Debtors | 1,108,987 | 618,698 | 423,649 | ||||||||||||
| Misc Debtors | 48,500 | 60,730 | 63,258 | 52,836 | 57,730 | 42,302 | 31,253 | 7,558 | 7,867 | 12,523 | 8,744 | 1,960 | |||
| Cash | 4,369 | 1,961 | 26,743 | 114,945 | 65,528 | 194,426 | 183,460 | 146,172 | 126,879 | 117,306 | 118,599 | 108,452 | 53,280 | 101,304 | 134,823 |
| misc current assets | |||||||||||||||
| total current assets | 1,161,856 | 681,389 | 513,650 | 257,491 | 123,645 | 263,719 | 256,682 | 206,008 | 182,119 | 152,146 | 131,988 | 119,598 | 68,651 | 128,560 | 149,383 |
| total assets | 1,161,886 | 683,140 | 529,255 | 282,720 | 155,093 | 299,447 | 290,528 | 231,376 | 202,766 | 171,477 | 151,614 | 137,508 | 91,270 | 145,382 | 170,173 |
| Bank overdraft | 1,768 | 20,694 | 30,278 | 30,266 | 31,031 | 1,521 | 2,260 | 38,220 | |||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 69 | 433 | 34,895 | 1,918 | 20,758 | 71,520 | 91,432 | 1,653 | 2,503 | 2,523 | 2,525 | 4,183 | 9,255 | 4,566 | 5,724 |
| Group/Directors Accounts | 317,423 | 6,600 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 101,934 | 136,003 | 96,131 | 50,582 | 69,987 | 71,354 | 46,888 | 47,638 | 35,020 | 32,200 | 57,396 | 34,472 | |||
| total current liabilities | 419,426 | 143,036 | 131,026 | 52,500 | 20,758 | 71,520 | 91,432 | 73,408 | 94,551 | 79,689 | 80,429 | 70,234 | 42,976 | 64,222 | 78,416 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 3,680 | ||||||||||||||
| total long term liabilities | 3,680 | ||||||||||||||
| total liabilities | 419,426 | 143,036 | 134,706 | 52,500 | 20,758 | 71,520 | 91,432 | 73,408 | 94,551 | 79,689 | 80,429 | 70,234 | 42,976 | 64,222 | 78,416 |
| net assets | 742,460 | 540,104 | 394,549 | 230,220 | 134,335 | 227,927 | 199,096 | 157,968 | 108,215 | 91,788 | 71,185 | 67,274 | 48,294 | 81,160 | 91,757 |
| total shareholders funds | 742,460 | 540,104 | 394,549 | 230,220 | 134,335 | 227,927 | 199,096 | 157,968 | 108,215 | 91,788 | 71,185 | 67,274 | 48,294 | 81,160 | 91,757 |
| Dec 2023 | Dec 2022 | Apr 2022 | Apr 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 | 265,417 | 178,780 | 46,337 | 320,824 | 313,111 | 313,354 | 189,253 | 187,348 | 132,642 | 118,201 | 181,671 | 129,343 | |||
| Depreciation | 1,721 | 13,854 | 9,624 | 10,270 | 10,483 | 11,909 | 13,040 | 8,456 | 6,883 | 6,518 | 6,542 | 5,970 | 7,540 | 5,618 | 2,625 |
| Amortisation | |||||||||||||||
| Tax | -62,655 | -33,226 | -11,432 | -61,867 | -62,509 | -63,080 | -38,654 | -37,566 | -27,662 | -25,092 | -42,011 | -30,038 | |||
| Stock | |||||||||||||||
| Debtors | 478,059 | 536,882 | 344,361 | 84,429 | -11,176 | -3,929 | 13,386 | 4,596 | 20,400 | 21,451 | 2,243 | -4,225 | -11,885 | 12,696 | 14,560 |
| Creditors | -364 | -1,485 | 32,977 | -18,840 | -50,762 | -19,912 | 89,779 | -850 | -20 | -2 | -1,658 | -5,072 | 4,689 | -1,158 | 5,724 |
| Accruals and Deferred Income | -34,069 | 85,421 | 45,549 | 50,582 | -69,987 | -1,367 | 24,466 | -750 | 12,618 | 2,820 | -25,196 | 22,924 | 34,472 | ||
| Deferred Taxes & Provisions | 3,680 | ||||||||||||||
| Cash flow from operations | -308,009 | -293,538 | 5,802 | 254,883 | 252,245 | 261,203 | 134,914 | 165,041 | 112,923 | 92,027 | 154,348 | 127,566 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 310,823 | 6,600 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -406 | 2,663 | 1,528 | 19 | 53 | 37 | 29 | 25 | 8 | ||||||
| cash flow from financing | 310,417 | 170,929 | 3,503 | 1,528 | 19 | 53 | -4,963 | 129 | 25 | 75,202 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 2,408 | -112,984 | -88,202 | 49,417 | -128,898 | 10,966 | 37,288 | 19,293 | 9,573 | -1,293 | 10,147 | 55,172 | -48,024 | -33,519 | 134,823 |
| overdraft | -1,768 | -18,926 | -9,584 | 12 | -765 | 29,510 | -739 | -35,960 | 38,220 | ||||||
| change in cash | 2,408 | -112,984 | -88,202 | 49,417 | -128,898 | 10,966 | 39,056 | 38,219 | 19,157 | -1,305 | 10,912 | 25,662 | -47,285 | 2,441 | 96,603 |
whichers ifa limited Credit Report and Business Information
Whichers Ifa Limited Competitor Analysis
Perform a competitor analysis for whichers ifa limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EX5 area or any other competitors across 12 key performance metrics.
whichers ifa limited Ownership
WHICHERS IFA LIMITED group structure
Whichers Ifa Limited has no subsidiary companies.
Ultimate parent company
DAFFODIL BIDCO LTD
#0119732
2 parents
WHICHERS IFA LIMITED
03586741
whichers ifa limited directors
Whichers Ifa Limited currently has 3 directors. The longest serving directors include Mr Michael Williams (May 2021) and Mr Peter Ellis (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Williams | 43 years | May 2021 | - | Director | |
| Mr Peter Ellis | 53 years | May 2021 | - | Director | |
| Mrs Sarah Smith | 44 years | Feb 2022 | - | Director |
P&L
December 2023turnover
558.3k
+26%
operating profit
265.4k
+48%
gross margin
100%
+0.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
742.5k
+0.37%
total assets
1.2m
+0.7%
cash
4.4k
+1.23%
net assets
Total assets minus all liabilities
whichers ifa limited company details
company number
03586741
Type
Private limited with Share Capital
industry
65110 - Life insurance
incorporation date
June 1998
age
27
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
whichers i.f.a. limited (February 2005)
whichers independent financial advisers limited (April 1999)
See moreaccountant
-
auditor
-
address
ground floor, eagle house, 1 babbage way, exeter, devon, EX5 2FN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
whichers ifa 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 did not find charges/mortgages relating to whichers ifa limited.
whichers ifa 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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whichers ifa limited Companies House Filings - See Documents
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