sound minds
sound minds Company Information
Company Number
03751889
Website
www.soundminds.co.ukRegistered Address
20-22 york road, london, SW11 3QA
Industry
Social work activities without accommodation for the elderly and disabled
Operation of arts facilities
Telephone
02072071786
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
sound minds Estimated Valuation
Pomanda estimates the enterprise value of SOUND MINDS at £122k based on a Turnover of £219.1k and 0.56x industry multiple (adjusted for size and gross margin).
sound minds Estimated Valuation
Pomanda estimates the enterprise value of SOUND MINDS at £0 based on an EBITDA of £-12.3k and a 3.34x industry multiple (adjusted for size and gross margin).
sound minds Estimated Valuation
Pomanda estimates the enterprise value of SOUND MINDS at £396.8k based on Net Assets of £132.7k and 2.99x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Sound Minds Overview
Sound Minds is a live company located in london, SW11 3QA with a Companies House number of 03751889. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in April 1999, it's largest shareholder is unknown. Sound Minds is a mature, micro sized company, Pomanda has estimated its turnover at £219.1k with healthy growth in recent years.
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Sound Minds Health Check
Pomanda's financial health check has awarded Sound Minds a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £219.1k, make it smaller than the average company (£486.7k)
£219.1k - Sound Minds
£486.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2.7%)
14% - Sound Minds
2.7% - Industry AVG
Production
with a gross margin of 50.9%, this company has a comparable cost of product (50.9%)
50.9% - Sound Minds
50.9% - Industry AVG
Profitability
an operating margin of -5.6% make it less profitable than the average company (4.2%)
-5.6% - Sound Minds
4.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (13)
5 - Sound Minds
13 - Industry AVG
Pay Structure
on an average salary of £28.8k, the company has a higher pay structure (£22.4k)
£28.8k - Sound Minds
£22.4k - Industry AVG
Efficiency
resulting in sales per employee of £43.8k, this is equally as efficient (£42.7k)
£43.8k - Sound Minds
£42.7k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is later than average (15 days)
21 days - Sound Minds
15 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Sound Minds
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sound Minds
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 210 weeks, this is more cash available to meet short term requirements (160 weeks)
210 weeks - Sound Minds
160 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.2%, this is a higher level of debt than the average (18.1%)
20.2% - Sound Minds
18.1% - Industry AVG
SOUND MINDS financials
Sound Minds's latest turnover from March 2023 is £219.1 thousand and the company has net assets of £132.7 thousand. According to their latest financial statements, Sound Minds has 5 employees and maintains cash reserves of £135.9 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 | 219,069 | 156,276 | 141,988 | 149,782 | 156,994 | 161,254 | 168,029 | 144,379 | 128,306 | 150,496 | 149,619 | 146,334 | 121,708 | 158,438 |
| 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 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -6,169 | 1,743 | 4,896 | -8,490 | -2,622 | 2,631 | 1,361 | 6,485 | -2,548 | 20,381 | 8,059 | 9,630 | -16,264 | 19,845 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -6,169 | 1,743 | 4,896 | -8,490 | -2,622 | 2,631 | 1,361 | 6,485 | -2,548 | 20,381 | 8,059 | 9,630 | -16,264 | 19,845 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -6,169 | 1,743 | 4,896 | -8,490 | -2,622 | 2,631 | 1,361 | 6,485 | -2,548 | 20,381 | 8,059 | 9,630 | -16,264 | 19,845 |
| Employee Costs | 143,803 | 97,621 | 97,621 | 109,076 | 117,487 | 114,852 | 99,960 | 93,706 | 82,687 | 90,337 | 94,548 | 90,542 | 99,971 | 93,948 |
| Number Of Employees | 5 | 5 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 816 | 3,345 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 816 | 3,345 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 12,714 | 19,247 | 3,930 | 1,058 | 2,480 | 2,253 | 4,376 | 2,483 | 47,817 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 17,687 | 8,475 | 0 | 0 | 0 | 0 | 3,860 | 1,970 | 3,496 | 10,301 | 3,240 | 7,143 | 16,964 | 28,915 |
| Cash | 135,908 | 152,507 | 157,456 | 141,456 | 151,069 | 160,935 | 141,645 | 145,563 | 128,123 | 129,378 | 117,833 | 108,308 | 92,017 | 84,934 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 166,309 | 180,229 | 161,386 | 142,514 | 153,549 | 163,188 | 149,881 | 150,016 | 179,436 | 139,679 | 121,073 | 115,451 | 108,981 | 113,849 |
| total assets | 166,309 | 180,229 | 161,386 | 142,514 | 153,549 | 163,188 | 149,881 | 150,016 | 179,436 | 139,679 | 121,073 | 115,451 | 109,797 | 117,194 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,947 | 4,423 | 4,791 | 5,974 | 2,215 |
| 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 | 33,577 | 41,328 | 24,228 | 10,252 | 12,797 | 19,814 | 9,138 | 10,634 | 46,539 | 1,287 | 1,586 | 3,655 | 6,448 | 1,340 |
| total current liabilities | 33,577 | 41,328 | 24,228 | 10,252 | 12,797 | 19,814 | 9,138 | 10,634 | 46,539 | 4,234 | 6,009 | 8,446 | 12,422 | 3,555 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 33,577 | 41,328 | 24,228 | 10,252 | 12,797 | 19,814 | 9,138 | 10,634 | 46,539 | 4,234 | 6,009 | 8,446 | 12,422 | 3,555 |
| net assets | 132,732 | 138,901 | 137,158 | 132,262 | 140,752 | 143,374 | 140,743 | 139,382 | 132,897 | 135,445 | 115,064 | 107,005 | 97,375 | 113,639 |
| total shareholders funds | 132,732 | 138,901 | 137,158 | 132,262 | 140,752 | 143,374 | 140,743 | 139,382 | 132,897 | 135,445 | 115,064 | 107,005 | 97,375 | 113,639 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 816 | 2,529 | 3,575 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,679 | 23,792 | 2,872 | -1,422 | 227 | -5,983 | 3,783 | -46,860 | 41,012 | 7,061 | -3,903 | -9,821 | -11,951 | 28,915 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,947 | -1,476 | -368 | -1,183 | 3,759 | 2,215 |
| Accruals and Deferred Income | -7,751 | 17,100 | 13,976 | -2,545 | -7,017 | 10,676 | -1,496 | -35,905 | 45,252 | -299 | -2,069 | -2,793 | 5,108 | 1,340 |
| 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 | 0 |
| 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 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 93,794 |
| cash and cash equivalents | ||||||||||||||
| cash | -16,599 | -4,949 | 16,000 | -9,613 | -9,866 | 19,290 | -3,918 | 17,440 | -1,255 | 11,545 | 9,525 | 16,291 | 7,083 | 84,934 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -16,599 | -4,949 | 16,000 | -9,613 | -9,866 | 19,290 | -3,918 | 17,440 | -1,255 | 11,545 | 9,525 | 16,291 | 7,083 | 84,934 |
sound minds Credit Report and Business Information
Sound Minds Competitor Analysis
Perform a competitor analysis for sound minds by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in SW11 area or any other competitors across 12 key performance metrics.
sound minds Ownership
SOUND MINDS group structure
Sound Minds has no subsidiary companies.
Ultimate parent company
SOUND MINDS
03751889
sound minds directors
Sound Minds currently has 9 directors. The longest serving directors include Mrs. Sheba Forbes (Oct 2010) and Mr David Evans (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs. Sheba Forbes | 60 years | Oct 2010 | - | Director | |
| Mr David Evans | England | 51 years | Dec 2016 | - | Director |
| Mr Oliver Nesbit | 31 years | Nov 2017 | - | Director | |
| Ms Sarah Rackham | 75 years | Jun 2019 | - | Director | |
| Mr Leopold King | England | 72 years | Jul 2019 | - | Director |
| Mr Christopher Lam | 39 years | Feb 2020 | - | Director | |
| Miss Lucy Alphonse | 27 years | Nov 2020 | - | Director | |
| Mr Devon Marston | 66 years | Feb 2022 | - | Director | |
| Miss Jewel Boothe | 27 years | Sep 2024 | - | Director |
P&L
March 2023turnover
219.1k
+40%
operating profit
-12.3k
0%
gross margin
50.9%
+0.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
132.7k
-0.04%
total assets
166.3k
-0.08%
cash
135.9k
-0.11%
net assets
Total assets minus all liabilities
sound minds company details
company number
03751889
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
88100 - Social work activities without accommodation for the elderly and disabled
90040 - Operation of arts facilities
incorporation date
April 1999
age
25
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
BROOKFIELD & CO
address
20-22 york road, london, SW11 3QA
Bank
HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
-
sound minds 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 sound minds.
sound minds Companies House Filings - See Documents
| date | description | view/download |
|---|
