reach trust
reach trust Company Information
Group Structure
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Industry
Activities of religious organisations
Registered Address
the riverside centre, riverside court pride park, derby, DE24 8HY
Website
http://emcf.netreach trust Estimated Valuation
Pomanda estimates the enterprise value of REACH TRUST at £614.3k based on a Turnover of £951.8k and 0.65x industry multiple (adjusted for size and gross margin).
reach trust Estimated Valuation
Pomanda estimates the enterprise value of REACH TRUST at £0 based on an EBITDA of £-10.5k and a 3.19x industry multiple (adjusted for size and gross margin).
reach trust Estimated Valuation
Pomanda estimates the enterprise value of REACH TRUST at £2.2m based on Net Assets of £918.7k and 2.45x industry multiple (adjusted for liquidity).
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Reach Trust Overview
Reach Trust is a live company located in derby, DE24 8HY with a Companies House number of 03971567. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in April 2000, it's largest shareholder is unknown. Reach Trust is a mature, small sized company, Pomanda has estimated its turnover at £951.8k with declining growth in recent years.
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Reach Trust Health Check
Pomanda's financial health check has awarded Reach Trust a 1.5 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 £951.8k, make it larger than the average company (£299.6k)
£951.8k - Reach Trust
£299.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2%)
-5% - Reach Trust
2% - Industry AVG
Production
with a gross margin of 88%, this company has a comparable cost of product (88%)
88% - Reach Trust
88% - Industry AVG
Profitability
an operating margin of -9.8% make it less profitable than the average company (3.6%)
-9.8% - Reach Trust
3.6% - Industry AVG
Employees
with 24 employees, this is above the industry average (6)
24 - Reach Trust
6 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has an equivalent pay structure (£22.5k)
£22.2k - Reach Trust
£22.5k - Industry AVG
Efficiency
resulting in sales per employee of £39.7k, this is less efficient (£59.2k)
£39.7k - Reach Trust
£59.2k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is later than average (6 days)
13 days - Reach Trust
6 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Reach Trust
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Reach Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 106 weeks, this is less cash available to meet short term requirements (375 weeks)
106 weeks - Reach Trust
375 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.1%, this is a higher level of debt than the average (5.8%)
57.1% - Reach Trust
5.8% - Industry AVG
REACH TRUST financials
Reach Trust's latest turnover from August 2023 is £951.8 thousand and the company has net assets of £918.7 thousand. According to their latest financial statements, Reach Trust has 24 employees and maintains cash reserves of £362.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 951,779 | 909,436 | 857,065 | 1,114,613 | 1,280,945 | 1,299,285 | 1,343,104 | 1,264,167 | 1,214,899 | 1,513,099 | 941,615 | 980,802 | 934,260 | 984,228 | 929,380 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 79,425 | 81,153 | 82,254 | ||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -195,712 | -67,940 | -11,603 | 19,665 | 32,461 | -30,891 | 75,545 | -42,161 | 2,373 | 409,247 | -10,544 | 79,934 | -13,907 | 94,515 | 67,406 |
| Tax | -52 | -3 | |||||||||||||
| Profit After Tax | -195,712 | -67,940 | -11,603 | 19,665 | 32,461 | -30,891 | 75,545 | -42,213 | 2,370 | 409,247 | -10,544 | 79,934 | -13,907 | 94,515 | 67,406 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -195,712 | -67,940 | -11,603 | 19,665 | 32,461 | -30,891 | 75,545 | -42,213 | 2,370 | 409,247 | -10,544 | 79,934 | -13,907 | 94,515 | 67,406 |
| Employee Costs | 533,123 | 478,580 | 405,437 | 640,951 | 623,211 | 473,600 | 460,808 | 455,569 | 415,241 | 118,779 | 108,048 | 100,363 | 95,295 | 93,817 | |
| Number Of Employees | 24 | 42 | 42 | 42 | 48 | 41 | 46 | 48 | 40 | 19 | 19 | 25 | 25 | 22 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,726,164 | 1,793,058 | 1,553,149 | 1,446,126 | 1,477,406 | 1,512,051 | 1,554,130 | 1,594,357 | 1,611,851 | 1,551,496 | 1,562,412 | 1,611,950 | 1,651,865 | 1,697,863 | 1,736,163 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 1 | 16,833 | 17,833 | 18,833 | 19,833 | 7,689 | 7,772 | 9,370 | 10,646 | 10,580 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,726,164 | 1,793,058 | 1,553,149 | 1,446,126 | 1,477,406 | 1,512,052 | 1,570,963 | 1,612,190 | 1,630,684 | 1,571,329 | 1,570,101 | 1,619,722 | 1,661,235 | 1,708,509 | 1,746,743 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 34,837 | 31,384 | 84,783 | 54,153 | 87,365 | 102,047 | 59,745 | 51,480 | 51,454 | 34,517 | 52,441 | 81,794 | 59,980 | 46,029 | 32,023 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 16,148 | 12,741 | 25,654 | 13,675 | 29,854 | 41,599 | 26,809 | 25,933 | 25,352 | 37,953 | 24,538 | 22,487 | 19,987 | 25,537 | 20,819 |
| Cash | 362,226 | 475,934 | 528,954 | 407,663 | 280,791 | 227,433 | 322,526 | 304,174 | 400,247 | 502,672 | 147,463 | 150,250 | 122,766 | 170,713 | 142,190 |
| misc current assets | |||||||||||||||
| total current assets | 413,211 | 520,059 | 639,391 | 475,491 | 398,010 | 371,079 | 409,080 | 381,587 | 477,053 | 575,142 | 224,442 | 254,531 | 202,733 | 242,279 | 195,032 |
| total assets | 2,139,375 | 2,313,117 | 2,192,540 | 1,921,617 | 1,875,416 | 1,883,131 | 1,980,043 | 1,993,777 | 2,107,737 | 2,146,471 | 1,794,543 | 1,874,253 | 1,863,968 | 1,950,788 | 1,941,775 |
| Bank overdraft | |||||||||||||||
| Bank loan | 29,382 | 27,936 | 5,886 | 72,400 | 72,400 | 72,400 | 74,900 | 69,900 | 68,600 | 67,350 | 66,700 | 64,300 | 64,000 | 63,000 | 48,000 |
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 10,943 | 10,943 | 10,945 | 10,000 | 10,000 | 10,000 | |||||||||
| hp & lease commitments | 5,450 | 5,450 | 5,176 | 837 | 4,565 | 4,566 | |||||||||
| other current liabilities | 130,973 | 63,515 | 38,910 | 41,711 | 72,048 | 40,972 | 35,222 | 53,216 | 56,497 | 30,379 | 21,646 | 26,012 | 21,615 | 17,437 | 27,026 |
| total current liabilities | 176,748 | 107,844 | 60,917 | 114,111 | 144,448 | 113,372 | 110,122 | 123,116 | 125,097 | 97,729 | 88,346 | 90,312 | 96,452 | 95,002 | 89,592 |
| loans | 1,043,271 | 1,084,756 | 937,896 | 613,530 | 556,657 | 627,909 | 697,180 | 773,465 | 843,231 | 911,703 | 978,354 | 1,045,554 | 1,109,063 | 1,182,513 | 1,268,859 |
| hp & lease commitments | 634 | 6,084 | 11,354 | 913 | 5,479 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,043,905 | 1,090,840 | 949,250 | 613,530 | 556,657 | 627,909 | 697,180 | 773,465 | 843,231 | 911,703 | 978,354 | 1,045,554 | 1,109,063 | 1,183,426 | 1,274,338 |
| total liabilities | 1,220,653 | 1,198,684 | 1,010,167 | 727,641 | 701,105 | 741,281 | 807,302 | 896,581 | 968,328 | 1,009,432 | 1,066,700 | 1,135,866 | 1,205,515 | 1,278,428 | 1,363,930 |
| net assets | 918,722 | 1,114,433 | 1,182,373 | 1,193,976 | 1,174,311 | 1,141,850 | 1,172,741 | 1,097,196 | 1,139,409 | 1,137,039 | 727,843 | 738,387 | 658,453 | 672,360 | 577,845 |
| total shareholders funds | 918,722 | 1,114,433 | 1,182,373 | 1,193,976 | 1,174,311 | 1,141,850 | 1,172,741 | 1,097,196 | 1,139,409 | 1,137,039 | 727,843 | 738,387 | 658,453 | 672,360 | 577,845 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 83,039 | 82,681 | 68,400 | 67,363 | 64,164 | 69,527 | 76,497 | 76,753 | 63,757 | 58,674 | 56,013 | 56,855 | 59,781 | 64,308 | 58,593 |
| Amortisation | |||||||||||||||
| Tax | -52 | -3 | |||||||||||||
| Stock | |||||||||||||||
| Debtors | 6,860 | -66,312 | 42,609 | -49,391 | -26,427 | 57,092 | 9,141 | 607 | 4,336 | -4,509 | -27,302 | 24,314 | 8,401 | 18,724 | 52,842 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | 67,458 | 24,605 | -2,801 | -30,337 | 31,076 | 5,750 | -17,994 | -3,281 | 26,118 | 8,733 | -4,366 | 4,397 | 4,178 | -9,589 | 27,026 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -36,083 | -29,499 | -24,316 | -36,270 | -59,313 | -124,502 | -38,630 | ||||||||
| Change in Investments | -1 | -16,832 | -1,000 | -1,000 | -1,000 | 12,144 | -83 | -1,598 | -1,276 | 66 | 10,580 | ||||
| cash flow from investments | -36,083 | -29,498 | -7,484 | -35,270 | -58,313 | -123,502 | -50,774 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 1,446 | 22,050 | -66,514 | -2,500 | 5,000 | 1,300 | 1,250 | 650 | 2,400 | 300 | 1,000 | 15,000 | 48,000 | ||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -2 | 10,945 | -10,000 | 10,000 | |||||||||||
| Long term loans | -41,485 | 146,860 | 324,366 | 56,873 | -71,252 | -69,271 | -76,285 | -69,766 | -68,472 | -66,651 | -67,200 | -63,509 | -73,450 | -86,346 | 1,268,859 |
| Hire Purchase and Lease Commitments | -5,450 | -4,996 | 16,530 | -837 | -4,641 | -4,567 | 10,045 | ||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -79,425 | -81,153 | -82,254 | ||||||||||||
| cash flow from financing | -45,488 | 163,912 | 285,327 | 56,873 | -71,252 | -71,771 | -71,285 | -68,466 | -67,222 | -66,052 | -144,225 | -155,199 | -159,345 | -75,913 | |
| cash and cash equivalents | |||||||||||||||
| cash | -113,708 | -53,020 | 121,291 | 126,872 | 53,358 | -95,093 | 18,352 | -96,073 | -102,425 | 355,209 | -2,787 | 27,484 | -47,947 | 28,523 | 142,190 |
| overdraft | |||||||||||||||
| change in cash | -113,708 | -53,020 | 121,291 | 126,872 | 53,358 | -95,093 | 18,352 | -96,073 | -102,425 | 355,209 | -2,787 | 27,484 | -47,947 | 28,523 | 142,190 |
reach trust Credit Report and Business Information
Reach Trust Competitor Analysis
Perform a competitor analysis for reach trust by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in DE24 area or any other competitors across 12 key performance metrics.
reach trust Ownership
REACH TRUST group structure
Reach Trust has 1 subsidiary company.
reach trust directors
Reach Trust currently has 6 directors. The longest serving directors include Mr David Park (Jul 2020) and Mr Richard Price (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Park | 63 years | Jul 2020 | - | Director | |
| Mr Richard Price | 61 years | Mar 2024 | - | Director | |
| Mr Jonathan Leach | 62 years | Mar 2024 | - | Director | |
| Mr Trevor Wood | 66 years | Oct 2024 | - | Director | |
| Mrs Lianna Norman | 39 years | Oct 2024 | - | Director | |
| Mr Andrew Smith | 58 years | Oct 2024 | - | Director |
P&L
August 2023turnover
951.8k
+5%
operating profit
-93.6k
0%
gross margin
88%
-6.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
918.7k
-0.18%
total assets
2.1m
-0.08%
cash
362.2k
-0.24%
net assets
Total assets minus all liabilities
reach trust company details
company number
03971567
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
April 2000
age
25
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
reach churches ministries (June 2024)
reach churches ministries limited (March 2024)
accountant
-
auditor
HAINES WATTS (EAST MIDLANDS) LTD
address
the riverside centre, riverside court pride park, derby, DE24 8HY
Bank
BARCLAYS BANK PLC
Legal Advisor
-
reach trust 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 6 charges/mortgages relating to reach trust. Currently there are 2 open charges and 4 have been satisfied in the past.
reach trust 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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reach trust Companies House Filings - See Documents
| date | description | view/download |
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