ormside mill residential centre limited
ormside mill residential centre limited Company Information
Company Number
03685038
Registered Address
south place, 1 meeting house lane, lancaster, LA1 1TQ
Industry
Other sports activities (not including activities of racehorse owners) n.e.c.
Telephone
0152465106
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
ormside mill residential centre limited Estimated Valuation
Pomanda estimates the enterprise value of ORMSIDE MILL RESIDENTIAL CENTRE LIMITED at £99.9k based on a Turnover of £129.3k and 0.77x industry multiple (adjusted for size and gross margin).
ormside mill residential centre limited Estimated Valuation
Pomanda estimates the enterprise value of ORMSIDE MILL RESIDENTIAL CENTRE LIMITED at £216.4k based on an EBITDA of £75.8k and a 2.86x industry multiple (adjusted for size and gross margin).
ormside mill residential centre limited Estimated Valuation
Pomanda estimates the enterprise value of ORMSIDE MILL RESIDENTIAL CENTRE LIMITED at £293.9k based on Net Assets of £172.8k and 1.7x industry multiple (adjusted for liquidity).
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Ormside Mill Residential Centre Limited Overview
Ormside Mill Residential Centre Limited is a live company located in lancaster, LA1 1TQ with a Companies House number of 03685038. It operates in the other sports activities sector, SIC Code 93199. Founded in December 1998, it's largest shareholder is unknown. Ormside Mill Residential Centre Limited is a mature, micro sized company, Pomanda has estimated its turnover at £129.3k with high growth in recent years.
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Ormside Mill Residential Centre Limited Health Check
Pomanda's financial health check has awarded Ormside Mill Residential Centre Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £129.3k, make it smaller than the average company (£532.3k)
£129.3k - Ormside Mill Residential Centre Limited
£532.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5.7%)
16% - Ormside Mill Residential Centre Limited
5.7% - Industry AVG
Production
with a gross margin of 44.7%, this company has a comparable cost of product (44.7%)
44.7% - Ormside Mill Residential Centre Limited
44.7% - Industry AVG
Profitability
an operating margin of 50.1% make it more profitable than the average company (2%)
50.1% - Ormside Mill Residential Centre Limited
2% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Ormside Mill Residential Centre Limited
13 - Industry AVG
Pay Structure
on an average salary of £9.8k, the company has a lower pay structure (£26.6k)
£9.8k - Ormside Mill Residential Centre Limited
£26.6k - Industry AVG
Efficiency
resulting in sales per employee of £64.7k, this is equally as efficient (£64.6k)
£64.7k - Ormside Mill Residential Centre Limited
£64.6k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (14 days)
5 days - Ormside Mill Residential Centre Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (32 days)
4 days - Ormside Mill Residential Centre Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ormside Mill Residential Centre Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 204 weeks, this is more cash available to meet short term requirements (79 weeks)
204 weeks - Ormside Mill Residential Centre Limited
79 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.6%, this is a higher level of debt than the average (38.9%)
58.6% - Ormside Mill Residential Centre Limited
38.9% - Industry AVG
ORMSIDE MILL RESIDENTIAL CENTRE LIMITED financials
Ormside Mill Residential Centre Limited's latest turnover from March 2023 is £129.3 thousand and the company has net assets of £172.8 thousand. According to their latest financial statements, Ormside Mill Residential Centre Limited has 2 employees and maintains cash reserves of £115.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 129,308 | 83,831 | 80,778 | 83,332 | 118,062 | 100,853 | 117,279 | 54,634 | 56,171 | 61,633 | 72,858 | 69,230 | 72,604 | 46,069 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 38,169 | -29,136 | 16,115 | -17,941 | 11,825 | -21,420 | 16,587 | -21,018 | -15,111 | -10,701 | -4,205 | -8,369 | -4,832 | -24,162 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 38,169 | -29,136 | 16,115 | -17,941 | 11,825 | -21,420 | 16,587 | -21,018 | -15,111 | -10,701 | -4,205 | -8,369 | -4,832 | -24,162 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 38,169 | -29,136 | 16,115 | -17,941 | 11,825 | -21,420 | 16,587 | -21,018 | -15,111 | -10,701 | -4,205 | -8,369 | -4,832 | -24,162 |
| Employee Costs | 19,691 | 8,874 | 2,327 | 41,375 | 46,482 | 61,612 | 34,543 | 20,985 | 25,912 | 22,836 | 22,998 | 23,477 | 23,030 | 22,743 |
| Number Of Employees | 2 | 1 | 1 | 2 | 3 | 4 | 4 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 298,063 | 307,536 | 323,264 | 343,400 | 363,687 | 358,909 | 365,921 | 352,793 | 364,345 | 373,132 | 370,721 | 369,592 | 377,622 | 387,758 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 298,063 | 307,536 | 323,264 | 343,400 | 363,687 | 358,909 | 365,921 | 352,793 | 364,345 | 373,132 | 370,721 | 369,592 | 377,622 | 387,758 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 500 | 500 | 500 | 500 | 500 | 350 | 700 | 400 | 0 |
| Trade Debtors | 1,833 | 2,995 | 200 | 1,250 | 3,050 | 22,065 | 0 | 0 | 5,605 | 14,040 | 20,970 | 23,907 | 22,004 | 17,816 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,776 | 2,155 | 2,530 | 1,822 | 2,405 | 22,065 | 41,114 | 11,899 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 115,487 | 89,372 | 68,060 | 39,098 | 30,300 | 36,649 | 47,269 | 35,083 | 34,832 | 47,971 | 61,301 | 62,945 | 65,335 | 59,998 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 119,096 | 94,522 | 70,790 | 42,170 | 35,755 | 59,214 | 88,883 | 47,482 | 40,937 | 62,511 | 82,621 | 87,552 | 87,739 | 77,814 |
| total assets | 417,159 | 402,058 | 394,054 | 385,570 | 399,442 | 418,123 | 454,804 | 400,275 | 405,282 | 435,643 | 453,342 | 457,144 | 465,361 | 465,572 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 836 | 16,464 | 2,060 | 9,976 | 804 | 902 | 406 | 706 | 2,299 | 2,221 | 2,759 | 700 | 2,772 | 1,152 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 28,556 | 35,996 | 13,260 | 12,975 | 18,078 | 48,486 | 64,243 | 26,001 | 8,397 | 23,725 | 30,185 | 31,841 | 29,617 | 26,615 |
| total current liabilities | 29,392 | 52,460 | 15,320 | 22,951 | 18,882 | 49,388 | 64,649 | 26,707 | 10,696 | 25,946 | 32,944 | 32,541 | 32,389 | 27,767 |
| loans | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 | 215,000 |
| total liabilities | 244,392 | 267,460 | 230,320 | 237,951 | 233,882 | 264,388 | 279,649 | 241,707 | 225,696 | 240,946 | 247,944 | 247,541 | 247,389 | 242,767 |
| net assets | 172,767 | 134,598 | 163,734 | 147,619 | 165,560 | 153,735 | 175,155 | 158,568 | 179,586 | 194,697 | 205,398 | 209,603 | 217,972 | 222,805 |
| total shareholders funds | 172,767 | 134,598 | 163,734 | 147,619 | 165,560 | 153,735 | 175,155 | 158,568 | 179,586 | 194,697 | 205,398 | 209,603 | 217,972 | 222,805 |
| 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 | ||||||||||||||
| Depreciation | 10,978 | 15,728 | 20,136 | 20,367 | 19,333 | 15,761 | 13,241 | 12,077 | 12,444 | 12,739 | 10,891 | 11,145 | 12,536 | 13,089 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | -500 | 0 | 0 | 0 | 0 | 150 | -350 | 300 | 400 | 0 |
| Debtors | -1,541 | 2,420 | -342 | -2,383 | -16,610 | -19,049 | 29,215 | 6,294 | -8,435 | -6,930 | -2,937 | 1,903 | 4,188 | 17,816 |
| Creditors | -15,628 | 14,404 | -7,916 | 9,172 | -98 | 496 | -300 | -1,593 | 78 | -538 | 2,059 | -2,072 | 1,620 | 1,152 |
| Accruals and Deferred Income | -7,440 | 22,736 | 285 | -5,103 | -30,408 | -15,757 | 38,242 | 17,604 | -15,328 | -6,460 | -1,656 | 2,224 | 3,002 | 26,615 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 215,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 461,967 | |
| cash and cash equivalents | ||||||||||||||
| cash | 26,115 | 21,312 | 28,962 | 8,798 | -6,349 | -10,620 | 12,186 | 251 | -13,139 | -13,330 | -1,644 | -2,390 | 5,337 | 59,998 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 26,115 | 21,312 | 28,962 | 8,798 | -6,349 | -10,620 | 12,186 | 251 | -13,139 | -13,330 | -1,644 | -2,390 | 5,337 | 59,998 |
ormside mill residential centre limited Credit Report and Business Information
Ormside Mill Residential Centre Limited Competitor Analysis
Perform a competitor analysis for ormside mill residential centre limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in LA1 area or any other competitors across 12 key performance metrics.
ormside mill residential centre limited Ownership
ORMSIDE MILL RESIDENTIAL CENTRE LIMITED group structure
Ormside Mill Residential Centre Limited has no subsidiary companies.
Ultimate parent company
ORMSIDE MILL RESIDENTIAL CENTRE LIMITED
03685038
ormside mill residential centre limited directors
Ormside Mill Residential Centre Limited currently has 7 directors. The longest serving directors include Mr Nicholas Eckersley (Dec 1998) and Mr Adrian French (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Eckersley | 63 years | Dec 1998 | - | Director | |
| Mr Adrian French | England | 61 years | Nov 2016 | - | Director |
| Mr Jack Steer | England | 34 years | May 2017 | - | Director |
| Mrs Karen Wilson | England | 62 years | Dec 2020 | - | Director |
| Mr Stephen Gillies | 68 years | Dec 2021 | - | Director | |
| Mr Craig Cartledge | 33 years | Dec 2021 | - | Director | |
| Ms Emma O'Reilly | United Kingdom | 54 years | Dec 2021 | - | Director |
P&L
March 2023turnover
129.3k
+54%
operating profit
64.8k
0%
gross margin
44.7%
-6.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
172.8k
+0.28%
total assets
417.2k
+0.04%
cash
115.5k
+0.29%
net assets
Total assets minus all liabilities
ormside mill residential centre limited company details
company number
03685038
Type
Private Ltd By Guarantee w/o Share Cap
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
December 1998
age
26
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
G HOWSE
auditor
-
address
south place, 1 meeting house lane, lancaster, LA1 1TQ
Bank
HSBC BANK PLC
Legal Advisor
-
ormside mill residential centre 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 ormside mill residential centre limited. Currently there are 1 open charges and 0 have been satisfied in the past.
ormside mill residential centre limited Companies House Filings - See Documents
| date | description | view/download |
|---|
