rich mix cultural foundation
rich mix cultural foundation Company Information
Group Structure
View All
Industry
Operation of arts facilities
Registered Address
35-47 bethnal green road, london, E1 6LA
Website
http://richmix.org.ukrich mix cultural foundation Estimated Valuation
Pomanda estimates the enterprise value of RICH MIX CULTURAL FOUNDATION at £1.6m based on a Turnover of £2.5m and 0.62x industry multiple (adjusted for size and gross margin).
rich mix cultural foundation Estimated Valuation
Pomanda estimates the enterprise value of RICH MIX CULTURAL FOUNDATION at £0 based on an EBITDA of £-238.6k and a 7.53x industry multiple (adjusted for size and gross margin).
rich mix cultural foundation Estimated Valuation
Pomanda estimates the enterprise value of RICH MIX CULTURAL FOUNDATION at £12.2m based on Net Assets of £12.9m and 0.95x industry multiple (adjusted for liquidity).
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Rich Mix Cultural Foundation Overview
Rich Mix Cultural Foundation is a live company located in london, E1 6LA with a Companies House number of 04293133. It operates in the operation of arts facilities sector, SIC Code 90040. Founded in September 2001, it's largest shareholder is unknown. Rich Mix Cultural Foundation is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Rich Mix Cultural Foundation Health Check
Pomanda's financial health check has awarded Rich Mix Cultural Foundation a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £2.5m, make it larger than the average company (£535.4k)
£2.5m - Rich Mix Cultural Foundation
£535.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.1%)
-6% - Rich Mix Cultural Foundation
7.1% - Industry AVG
Production
with a gross margin of 56.9%, this company has a comparable cost of product (56.9%)
56.9% - Rich Mix Cultural Foundation
56.9% - Industry AVG
Profitability
an operating margin of -26.3% make it less profitable than the average company (1.2%)
-26.3% - Rich Mix Cultural Foundation
1.2% - Industry AVG
Employees
with 53 employees, this is above the industry average (13)
53 - Rich Mix Cultural Foundation
13 - Industry AVG
Pay Structure
on an average salary of £27.1k, the company has a higher pay structure (£20.9k)
£27.1k - Rich Mix Cultural Foundation
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £47.7k, this is equally as efficient (£52.8k)
£47.7k - Rich Mix Cultural Foundation
£52.8k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is later than average (8 days)
14 days - Rich Mix Cultural Foundation
8 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (38 days)
47 days - Rich Mix Cultural Foundation
38 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (11 days)
4 days - Rich Mix Cultural Foundation
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is less cash available to meet short term requirements (95 weeks)
57 weeks - Rich Mix Cultural Foundation
95 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.5%, this is a lower level of debt than the average (21.1%)
4.5% - Rich Mix Cultural Foundation
21.1% - Industry AVG
RICH MIX CULTURAL FOUNDATION financials
Rich Mix Cultural Foundation's latest turnover from March 2024 is £2.5 million and the company has net assets of £12.9 million. According to their latest financial statements, Rich Mix Cultural Foundation has 53 employees and maintains cash reserves of £666 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 2,526,956 | 2,289,389 | 2,769,025 | 3,012,448 | 2,774,060 | 2,638,830 | 2,788,555 | 2,602,215 | 2,950,365 | 3,365,030 | 2,738,080 | 3,024,323 | 3,267,456 | 3,244,786 | 2,216,892 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -624,774 | -604,527 | 35,195 | 633,220 | -452,898 | -667,525 | -468,155 | -597,592 | -102,794 | 589,161 | -1,245,897 | 153,163 | 272,782 | 370,218 | -762,004 |
| Tax | |||||||||||||||
| Profit After Tax | -624,774 | -604,527 | 35,195 | 633,220 | -452,898 | -667,525 | -468,155 | -597,592 | -102,794 | 589,161 | -1,245,897 | 153,163 | 272,782 | 370,218 | -762,004 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -624,774 | -604,527 | 35,195 | 633,220 | -452,898 | -667,525 | -468,155 | -597,592 | -102,794 | 589,161 | -1,245,897 | 153,163 | 272,782 | 370,218 | -762,004 |
| Employee Costs | 1,434,978 | 1,348,400 | 1,161,026 | 1,139,907 | 1,210,499 | 1,231,459 | 1,275,570 | 1,204,721 | 1,150,365 | 1,106,264 | 1,051,906 | 965,064 | 1,019,812 | 639,871 | 731,903 |
| Number Of Employees | 53 | 48 | 44 | 47 | 48 | 46 | 52 | 49 | 44 | 45 | 42 | 39 | 40 | 38 | 48 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 12,689,151 | 13,053,220 | 13,319,990 | 12,967,543 | 13,387,946 | 13,784,496 | 14,209,783 | 14,482,991 | 14,809,383 | 15,000,507 | 15,195,088 | 15,554,361 | 15,914,905 | 16,199,752 | 16,491,354 |
| Intangible Assets | 6,265 | 7,160 | 8,055 | 6,979 | 12,833 | 19,052 | 19,648 | 1,095 | |||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 12,695,416 | 13,060,380 | 13,328,045 | 12,967,543 | 13,387,946 | 13,791,475 | 14,222,616 | 14,502,043 | 14,829,031 | 15,001,602 | 15,195,088 | 15,554,361 | 15,914,905 | 16,199,752 | 16,491,354 |
| Stock & work in progress | 14,567 | 8,675 | 11,269 | 2,974 | 6,904 | 13,247 | 13,707 | 15,672 | 16,482 | 16,421 | 14,114 | 17,090 | 13,522 | 12,005 | 6,100 |
| Trade Debtors | 102,852 | 57,558 | 74,071 | 97,811 | 213,125 | 258,413 | 207,559 | 159,805 | 123,344 | 105,757 | 62,989 | 66,655 | 57,519 | 82,786 | 56,074 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 55,722 | 98,592 | 97,781 | 207,984 | 111,861 | 53,806 | 69,460 | 50,423 | 50,609 | 1,712,378 | 63,641 | 1,107,254 | 577,459 | 48,766 | 31,201 |
| Cash | 665,971 | 875,670 | 1,231,236 | 1,624,257 | 119,401 | 226,571 | 282,191 | 371,647 | 890,469 | 268,285 | 343,499 | 81,599 | 103,392 | 77,321 | 47,356 |
| misc current assets | 1,000 | 191,619 | 192,757 | 390,000 | 557,200 | 250,000 | |||||||||
| total current assets | 839,112 | 1,040,495 | 1,414,357 | 1,934,026 | 642,910 | 744,794 | 962,917 | 1,154,747 | 1,330,904 | 2,102,841 | 484,243 | 1,272,598 | 751,892 | 220,878 | 140,731 |
| total assets | 13,534,528 | 14,100,875 | 14,742,402 | 14,901,569 | 14,030,856 | 14,536,269 | 15,185,533 | 15,656,790 | 16,159,935 | 17,104,443 | 15,679,331 | 16,826,959 | 16,666,797 | 16,420,630 | 16,632,085 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 143,134 | 140,094 | 190,120 | 90,443 | 135,164 | 155,933 | 160,845 | 146,464 | 117,078 | 114,563 | 73,349 | 55,837 | 70,077 | 130,154 | 311,297 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 250,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 463,825 | 408,438 | 395,412 | 439,451 | 407,237 | 438,983 | 415,810 | 433,293 | 368,232 | 1,212,461 | 417,724 | 336,967 | 315,728 | 282,266 | 682,796 |
| total current liabilities | 606,959 | 548,532 | 585,532 | 779,894 | 542,401 | 594,916 | 576,655 | 579,757 | 485,310 | 1,327,024 | 491,073 | 392,804 | 385,805 | 412,420 | 994,093 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 606,959 | 548,532 | 585,532 | 779,894 | 542,401 | 594,916 | 576,655 | 579,757 | 485,310 | 1,327,024 | 491,073 | 392,804 | 385,805 | 412,420 | 994,093 |
| net assets | 12,927,569 | 13,552,343 | 14,156,870 | 14,121,675 | 13,488,455 | 13,941,353 | 14,608,878 | 15,077,033 | 15,674,625 | 15,777,419 | 15,188,258 | 16,434,155 | 16,280,992 | 16,008,210 | 15,637,992 |
| total shareholders funds | 12,927,569 | 13,552,343 | 14,156,870 | 14,121,675 | 13,488,455 | 13,941,353 | 14,608,878 | 15,077,033 | 15,674,625 | 15,777,419 | 15,188,258 | 16,434,155 | 16,280,992 | 16,008,210 | 15,637,992 |
| Mar 2024 | 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 | 425,719 | 422,907 | 503,772 | 398,327 | 426,118 | 440,397 | 442,560 | 418,647 | 429,935 | 413,599 | 401,542 | 419,697 | 410,116 | 397,199 | 381,343 |
| Amortisation | 895 | 895 | 6,979 | 5,854 | 6,219 | 6,219 | 5,095 | ||||||||
| Tax | |||||||||||||||
| Stock | 5,892 | -2,594 | 8,295 | -3,930 | -6,343 | -460 | -1,965 | -810 | 61 | 2,307 | -2,976 | 3,568 | 1,517 | 5,905 | 6,100 |
| Debtors | 2,424 | -15,702 | -133,943 | -19,191 | 12,767 | 35,200 | 66,791 | 36,275 | -1,644,182 | 1,691,505 | -1,047,279 | 538,931 | 503,426 | 44,277 | 87,275 |
| Creditors | 3,040 | -50,026 | 99,677 | -44,721 | -20,769 | -4,912 | 14,381 | 29,386 | 2,515 | 41,214 | 17,512 | -14,240 | -60,077 | -181,143 | 311,297 |
| Accruals and Deferred Income | 55,387 | 13,026 | -44,039 | 32,214 | -31,746 | 23,173 | -17,483 | 65,061 | -844,229 | 794,737 | 80,757 | 21,239 | 33,462 | -400,530 | 682,796 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 182,132 | -2,152 | -405,080 | -512,459 | -220,113 | -31,165 | |||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | 182,132 | -2,152 | -405,080 | -512,459 | -220,113 | -31,165 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -250,000 | 250,000 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -250,000 | 250,000 | 16,399,996 | ||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -209,699 | -355,566 | -393,021 | 1,504,856 | -107,170 | -55,620 | -89,456 | -518,822 | 622,184 | -75,214 | 261,900 | -21,793 | 26,071 | 29,965 | 47,356 |
| overdraft | |||||||||||||||
| change in cash | -209,699 | -355,566 | -393,021 | 1,504,856 | -107,170 | -55,620 | -89,456 | -518,822 | 622,184 | -75,214 | 261,900 | -21,793 | 26,071 | 29,965 | 47,356 |
rich mix cultural foundation Credit Report and Business Information
Rich Mix Cultural Foundation Competitor Analysis
Perform a competitor analysis for rich mix cultural foundation by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in E 1 area or any other competitors across 12 key performance metrics.
rich mix cultural foundation Ownership
RICH MIX CULTURAL FOUNDATION group structure
Rich Mix Cultural Foundation has 1 subsidiary company.
Ultimate parent company
RICH MIX CULTURAL FOUNDATION
04293133
1 subsidiary
rich mix cultural foundation directors
Rich Mix Cultural Foundation currently has 14 directors. The longest serving directors include Ms Denise Jones (Apr 2002) and Mrs Shamim Azad (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Denise Jones | 79 years | Apr 2002 | - | Director | |
| Mrs Shamim Azad | 73 years | Mar 2013 | - | Director | |
| Mrs Jackie O'Sullivan | England | 56 years | Dec 2016 | - | Director |
| Councillor Kevin Brady | England | 43 years | Dec 2018 | - | Director |
| Ms Deniz Harut | England | 41 years | Dec 2018 | - | Director |
| Mr Dylan Haskins | England | 37 years | Dec 2018 | - | Director |
| Ms Sangna Chauhan | 43 years | Dec 2018 | - | Director | |
| Mr Vineet Jasooja | 50 years | Mar 2020 | - | Director | |
| Ms Ansuya Vezendy | 41 years | Mar 2020 | - | Director | |
| Ms Judith Kilvington | 57 years | Sep 2021 | - | Director |
P&L
March 2024turnover
2.5m
+10%
operating profit
-665.2k
0%
gross margin
57%
-9.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
12.9m
-0.05%
total assets
13.5m
-0.04%
cash
666k
-0.24%
net assets
Total assets minus all liabilities
Similar Companies
rich mix cultural foundation company details
company number
04293133
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
90040 - Operation of arts facilities
incorporation date
September 2001
age
24
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
BUZZACOTT LLP
address
35-47 bethnal green road, london, E1 6LA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
rich mix cultural foundation 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 8 charges/mortgages relating to rich mix cultural foundation. Currently there are 8 open charges and 0 have been satisfied in the past.
rich mix cultural foundation 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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rich mix cultural foundation Companies House Filings - See Documents
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