whichers ifa limited

Live MatureSmallRapid

whichers ifa limited Company Information

Share WHICHERS IFA LIMITED

Company Number

03586741

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

whichers ifa limited Estimated Valuation

£314.3k

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

£1.6m

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

£1.2m

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).

Edit your figures and get a professional valuation report.

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

4 Weak

size

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

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (8.5%)

38% - Whichers Ifa Limited

8.5% - Industry AVG

production

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

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

Employees

with 6 employees, this is below the industry average (16)

6 - Whichers Ifa Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.2k, the company has an equivalent pay structure (£61.2k)

£61.2k - Whichers Ifa Limited

£61.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £93k, this is less efficient (£136.7k)

£93k - Whichers Ifa Limited

£136.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Whichers Ifa Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Whichers Ifa Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Whichers Ifa Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Apr 2022Apr 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover558,282442,949602,024245,880210,420191,286191,0441,065,9271,067,384874,293799,226719,674804,5981,088,2181,113,100
Other Income Or Grants
Cost Of Sales544242,773108,614100,48689,32877,013180,360167,163144,081114,36792,294217,663430,189446,284
Gross Profit558,282442,405359,252137,265748,636986,178114,031885,567900,221730,212684,859627,380586,935658,029666,816
Admin Expenses292,865263,625156,90818,979702,299665,35464,022572,456586,867540,959497,511494,738468,734476,358537,473
Operating Profit265,417178,780202,344118,28646,337320,82450,009313,111313,354189,253187,348132,642118,201181,671129,343
Interest Payable406571,316
Interest Receivable531902,6631,5288241953372925288
Pre-Tax Profit265,011178,781202,875118,37749,000322,35250,775313,130313,407189,290187,377132,642118,226181,699129,351
Tax-62,655-33,226-38,546-22,492-11,432-61,867-9,647-62,509-63,080-38,654-37,566-27,662-25,092-42,011-30,038
Profit After Tax202,356145,555164,32995,88537,568260,48541,128250,621250,327150,636149,811104,98093,134139,68899,313
Dividends Paid132,000231,654200,868233,900125,033146,00086,000126,000131,08582,750
Retained Profit202,356145,555164,32995,885-94,43228,83141,12849,75316,42725,6033,81118,980-32,8668,60316,563
Employee Costs367,050411,285400,260703,822708,842611,846584,936183,692261,186223,676183,755201,616193,737273,771216,500
Number Of Employees6771414121246545575
EBITDA*267,138192,634211,968128,55656,820332,73363,049321,567320,237195,771193,890138,612125,741187,289131,968

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Apr 2022Apr 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets301,75115,60525,22931,44835,72833,84625,36820,64719,33119,62617,91022,61916,82220,790
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets301,75115,60525,22931,44835,72833,84625,36820,64719,33119,62617,91022,61916,82220,790
Stock & work in progress
Trade Debtors89,71058,11769,29373,2222,10612,9383,5875,8313,2792,84818,51212,600
Group Debtors1,108,987618,698423,649
Misc Debtors48,50060,73063,25852,83657,73042,30231,2537,5587,86712,5238,7441,960
Cash4,3691,96126,743114,94565,528194,426183,460146,172126,879117,306118,599108,45253,280101,304134,823
misc current assets
total current assets1,161,856681,389513,650257,491123,645263,719256,682206,008182,119152,146131,988119,59868,651128,560149,383
total assets1,161,886683,140529,255282,720155,093299,447290,528231,376202,766171,477151,614137,50891,270145,382170,173
Bank overdraft1,76820,69430,27830,26631,0311,5212,26038,220
Bank loan
Trade Creditors 6943334,8951,91820,75871,52091,4321,6532,5032,5232,5254,1839,2554,5665,724
Group/Directors Accounts317,4236,600
other short term finances
hp & lease commitments
other current liabilities101,934136,00396,13150,58269,98771,35446,88847,63835,02032,20057,39634,472
total current liabilities419,426143,036131,02652,50020,75871,52091,43273,40894,55179,68980,42970,23442,97664,22278,416
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions3,680
total long term liabilities3,680
total liabilities419,426143,036134,70652,50020,75871,52091,43273,40894,55179,68980,42970,23442,97664,22278,416
net assets742,460540,104394,549230,220134,335227,927199,096157,968108,21591,78871,18567,27448,29481,16091,757
total shareholders funds742,460540,104394,549230,220134,335227,927199,096157,968108,21591,78871,18567,27448,29481,16091,757
Dec 2023Dec 2022Apr 2022Apr 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit265,417178,780202,344118,28646,337320,82450,009313,111313,354189,253187,348132,642118,201181,671129,343
Depreciation1,72113,8549,62410,27010,48311,90913,0408,4566,8836,5186,5425,9707,5405,6182,625
Amortisation
Tax-62,655-33,226-38,546-22,492-11,432-61,867-9,647-62,509-63,080-38,654-37,566-27,662-25,092-42,011-30,038
Stock
Debtors478,059536,882344,36184,429-11,176-3,92913,3864,59620,40021,4512,243-4,225-11,88512,69614,560
Creditors-364-1,48532,977-18,840-50,762-19,91289,779-850-20-2-1,658-5,0724,689-1,1585,724
Accruals and Deferred Income-34,06985,42145,54950,582-69,987-1,36724,466-75012,6182,820-25,19622,92434,472
Deferred Taxes & Provisions3,680
Cash flow from operations-308,009-293,538-88,73353,3775,802254,88359,808252,245261,203134,914165,041112,92392,027154,348127,566
Investing Activities
capital expenditure9,624-4,051-6,203-13,791-21,518-13,177-8,199-6,223-8,258-1,261-13,337-1,650-23,415
Change in Investments
cash flow from investments9,624-4,051-6,203-13,791-21,518-13,177-8,199-6,223-8,258-1,261-13,337-1,650-23,415
Financing Activities
Bank loans
Group/Directors Accounts310,8236,600
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue164,329840-5,000100-19,20075,194
interest-406531902,6631,5287671953372925-1,2888
cash flow from financing310,417170,929531903,5031,5287671953-4,96312925-20,48875,202
cash and cash equivalents
cash2,408-112,984-88,20249,417-128,89810,96637,28819,2939,573-1,29310,14755,172-48,024-33,519134,823
overdraft-1,768-18,926-9,58412-76529,510-739-35,96038,220
change in cash2,408-112,984-88,20249,417-128,89810,96639,05638,21919,157-1,30510,91225,662-47,2852,44196,603

whichers ifa limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for whichers ifa limited. Get real-time insights into whichers ifa limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Whichers Ifa Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

shipman group holdings limited 100%

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).

officercountryagestartendrole
Mr Michael Williams43 years May 2021- Director
Mr Peter Ellis53 years May 2021- Director
Mrs Sarah Smith44 years Feb 2022- Director

P&L

December 2023

turnover

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 2023

net 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

DAFFODIL BIDCO LTD

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 more

accountant

-

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.

Click to start generating capital raising & share issue transactions for WHICHERS IFA LIMITED. This can take several minutes, an email will notify you when this has completed.

whichers ifa limited Companies House Filings - See Documents

datedescriptionview/download