Pomanda estimates the enterprise value of RICH MIX CULTURAL FOUNDATION at £1.7m based on a Turnover of £2.5m and 0.66x industry multiple (adjusted for size and gross margin).
rich mix cultural foundationEstimated Valuation
£0
Pomanda estimates the enterprise value of RICH MIX CULTURAL FOUNDATION at £0 based on an EBITDA of £-238.6k and a 7.99x industry multiple (adjusted for size and gross margin).
rich mix cultural foundationEstimated Valuation
£12.2m
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 FoundationOverview
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.
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
Health Rating4out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £2.5m, make it larger than the average company (£548.7k)
£2.5m - Rich Mix Cultural Foundation
£548.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7%)
-6% - Rich Mix Cultural Foundation
7% - 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%)
-26.3% - Rich Mix Cultural Foundation
1% - 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 (£20.8k)
£27.1k - Rich Mix Cultural Foundation
£20.8k - Industry AVG
Efficiency
resulting in sales per employee of £47.7k, this is equally as efficient (£52.9k)
£47.7k - Rich Mix Cultural Foundation
£52.9k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is later than average (9 days)
14 days - Rich Mix Cultural Foundation
9 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (40 days)
47 days - Rich Mix Cultural Foundation
40 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
EXPORT
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
1,088,851
842,231
1,000,437
1,126,098
999,071
982,312
1,046,041
1,075,755
1,148,338
1,199,099
1,054,861
1,337,249
1,363,027
1,527,579
962,133
Gross Profit
1,438,105
1,447,158
1,768,588
1,886,350
1,774,989
1,656,518
1,742,514
1,526,460
1,802,027
2,165,931
1,683,219
1,687,074
1,904,429
1,717,207
1,254,759
Admin Expenses
2,103,347
2,096,457
1,727,408
1,097,844
2,228,060
2,325,951
2,212,304
2,125,630
1,907,718
1,421,687
2,930,179
1,486,006
1,536,256
1,203,327
2,016,881
Operating Profit
-665,242
-649,299
41,180
788,506
-453,071
-669,433
-469,790
-599,170
-105,691
744,244
-1,246,960
201,068
368,173
513,880
-762,122
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*
-238,628
-225,497
544,952
1,186,833
-19,974
-223,182
-21,011
-174,304
329,339
1,157,843
-845,418
620,765
778,289
911,079
-380,779
* 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
-665,242
-649,299
41,180
788,506
-453,071
-669,433
-469,790
-599,170
-105,691
744,244
-1,246,960
201,068
368,173
513,880
-762,122
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
-188,517
-244,201
726,238
1,197,447
-78,913
-239,661
-88,939
-115,322
1,131,746
299,982
303,106
85,265
246,731
279,224
519,939
Investing Activities
capital expenditure
182,132
-2,152
-405,080
-512,459
-220,113
-42,269
-59,153
-125,269
-105,597
-31,165
Change in Investments
cash flow from investments
182,132
-2,152
-405,080
-512,459
-220,113
-42,269
-59,153
-125,269
-105,597
-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
16,399,996
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
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for rich mix cultural foundation. Get real-time insights into rich mix cultural foundation's credit score, group structure and payment trends.
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.
The sole shareholder of Rich Mix Cultural Foundation is -.
-
-
rich mix cultural foundation directors
Rich Mix Cultural Foundation currently has 16 directors.
The longest serving directors include
Ms Denise Jones (Apr 2002) and
Mrs Shamim Azad (Mar 2013).
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
None
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.
Click to start generating capital raising & share issue transactions for RICH MIX CULTURAL FOUNDATION. This can take several minutes, an email will notify you when this has completed.
rich mix cultural foundationCompanies House Filings - See Documents
