the redeemed christian church of god international christian centre ltd

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the redeemed christian church of god international christian centre ltd Company Information

Share THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD

Company Number

04376232

Shareholders

-

Group Structure

View All

Industry

Activities of religious organisations

 

Registered Address

rear of 31 - 33 high road, chadwell heath, romford, essex, RM6 6QJ

the redeemed christian church of god international christian centre ltd Estimated Valuation

£214.7k

Pomanda estimates the enterprise value of THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD at £214.7k based on a Turnover of £315.7k and 0.68x industry multiple (adjusted for size and gross margin).

the redeemed christian church of god international christian centre ltd Estimated Valuation

£349.9k

Pomanda estimates the enterprise value of THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD at £349.9k based on an EBITDA of £94.4k and a 3.71x industry multiple (adjusted for size and gross margin).

the redeemed christian church of god international christian centre ltd Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD at £2.9m based on Net Assets of £1m and 2.92x industry multiple (adjusted for liquidity).

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The Redeemed Christian Church Of God International Christian Centre Ltd Overview

The Redeemed Christian Church Of God International Christian Centre Ltd is a live company located in romford, RM6 6QJ with a Companies House number of 04376232. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in February 2002, it's largest shareholder is unknown. The Redeemed Christian Church Of God International Christian Centre Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £315.7k with declining growth in recent years.

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The Redeemed Christian Church Of God International Christian Centre Ltd Health Check

Pomanda's financial health check has awarded The Redeemed Christian Church Of God International Christian Centre Ltd 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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £315.7k, make it in line with the average company (£293.4k)

£315.7k - The Redeemed Christian Church Of God International Christian Centre Ltd

£293.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.6%)

-7% - The Redeemed Christian Church Of God International Christian Centre Ltd

5.6% - Industry AVG

production

Production

with a gross margin of 86.9%, this company has a comparable cost of product (86.9%)

86.9% - The Redeemed Christian Church Of God International Christian Centre Ltd

86.9% - Industry AVG

profitability

Profitability

an operating margin of 14.8% make it more profitable than the average company (1%)

14.8% - The Redeemed Christian Church Of God International Christian Centre Ltd

1% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (6)

2 - The Redeemed Christian Church Of God International Christian Centre Ltd

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £4k, the company has a lower pay structure (£22.6k)

£4k - The Redeemed Christian Church Of God International Christian Centre Ltd

£22.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £157.9k, this is more efficient (£60.1k)

£157.9k - The Redeemed Christian Church Of God International Christian Centre Ltd

£60.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (6 days)

4 days - The Redeemed Christian Church Of God International Christian Centre Ltd

6 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 388 days, this is slower than average (27 days)

388 days - The Redeemed Christian Church Of God International Christian Centre Ltd

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Redeemed Christian Church Of God International Christian Centre Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 73 weeks, this is less cash available to meet short term requirements (367 weeks)

73 weeks - The Redeemed Christian Church Of God International Christian Centre Ltd

367 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.8%, this is a higher level of debt than the average (5.1%)

37.8% - The Redeemed Christian Church Of God International Christian Centre Ltd

5.1% - Industry AVG

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD financials

EXPORTms excel logo

The Redeemed Christian Church Of God International Christian Centre Ltd's latest turnover from March 2024 is £315.7 thousand and the company has net assets of £1 million. According to their latest financial statements, The Redeemed Christian Church Of God International Christian Centre Ltd has 2 employees and maintains cash reserves of £175.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Feb 2010
Turnover315,731293,399307,224388,948290,174265,256286,136538,953377,8425,530,186269,052270,676331,381461,875236,344
Other Income Or Grants
Cost Of Sales41,35524,59323,92651,774103,045103,01975,280144,859213,4883,619,063224,058231,721111,828101,324113,947
Gross Profit274,376268,806283,298337,174187,129162,237210,856394,094164,3541,911,12344,99438,955219,553360,551122,397
Admin Expenses227,595208,465184,756204,41282,573260,247152,05998,62039,5872,589,870-25,384-155,47041,770170,590-5,800
Operating Profit46,78160,34198,542132,762104,556-98,01058,797295,474124,767-678,74770,378194,425177,783189,961128,197
Interest Payable31,822
Interest Receivable679
Pre-Tax Profit-4,0007,45244,47571,16045,904-153,7132,777192,70477,401-709,8894,56895,11079,47185,75065,741
Tax
Profit After Tax-4,0007,45244,47571,16045,904-153,7132,777192,70477,401-709,8894,56895,11079,47185,75065,741
Dividends Paid
Retained Profit-4,0007,45244,47571,16045,904-153,7132,777192,70477,401-709,8894,56895,11079,47185,75065,741
Employee Costs7,9506,5009,6013,6356,60858,91660,95860,92744,7831,946,30580,77713,718
Number Of Employees2222244439755694
EBITDA*94,439100,324138,504171,981142,897-60,04395,080337,893167,005-642,418106,445232,367215,005227,183165,419

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Feb 2010
Tangible Assets1,232,9231,248,4021,287,2301,319,4251,349,6701,383,6761,410,7021,444,3301,483,7781,520,7371,549,6161,571,0151,608,9571,646,1791,673,401
Intangible Assets
Investments & Other
Debtors (Due After 1 year)16,00040,00064,000112,68785,244
Total Fixed Assets1,232,9231,248,4021,287,2301,319,4251,365,6701,423,6761,474,7021,444,3301,483,7781,633,4241,634,8601,571,0151,608,9571,646,1791,673,401
Stock & work in progress
Trade Debtors4,3114,3112,3112,3111,3601,3609,4242,99640,01710,894
Group Debtors
Misc Debtors195,482127,435101,58197,819171,298145,810306,032177,774107,47931,00658,94088,441
Cash175,761284,041252,355255,580109,17983,05169,860233,914246,228175,79395,924110,74699,10046,18231,891
misc current assets
total current assets375,554415,787356,247355,710281,837230,221375,892421,112356,703175,79395,924181,769158,040134,62342,785
total assets1,608,4771,664,1891,643,4771,675,1351,647,5071,653,8971,850,5941,865,4421,840,4811,809,2171,730,7841,752,7841,766,9971,780,8021,716,186
Bank overdraft3,95549,68140,60460,46640,497
Bank loan46,22446,22446,22446,22446,22440,27573,27273,272
Trade Creditors 43,98536,7923,8791,6031,6151,8211,5014,1631,224198,6421,608
Group/Directors Accounts6,00078,3949,682
other short term finances23,15550,00050,00050,00050,000
hp & lease commitments
other current liabilities34,96334,26310,5993,3003,3764,2324,4402,947150,86736,52522,51517,422117,525117,127
total current liabilities125,172140,43464,657101,127101,215105,73496,54567,576192,588198,64276,80095,78796,694195,919128,417
loans482,651519,101581,618621,281664,725712,500764,673811,267853,998938,856946,4371,054,8531,048,9041,137,540
hp & lease commitments
Accruals and Deferred Income
other liabilities894,081
provisions
total long term liabilities482,651519,101581,618621,281664,725712,500764,673811,267853,998894,081938,856946,4371,054,8531,048,9041,137,540
total liabilities607,823659,535646,275722,408765,940818,234861,218878,8431,046,5861,092,7231,015,6561,042,2241,151,5471,244,8231,265,957
net assets1,000,6541,004,654997,202952,727881,567835,663989,376986,599793,895716,494715,128710,560615,450535,979450,229
total shareholders funds1,000,6541,004,654997,202952,727881,567835,663989,376986,599793,895716,494715,128710,560615,450535,979450,229
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Feb 2010
Operating Activities
Operating Profit46,78160,34198,542132,762104,556-98,01058,797295,474124,767-678,74770,378194,425177,783189,961128,197
Depreciation47,65839,98339,96239,21938,34137,96736,28342,41942,23836,32936,06737,94237,22237,22237,222
Amortisation
Tax
Stock
Debtors68,04727,8543,762-88,5281,488-182,862182,83476,723-2,21227,44314,22112,083-29,50177,54710,894
Creditors7,19332,9132,276-12-206320-2,6622,939-197,418198,642-1,6081,608
Accruals and Deferred Income70023,6647,299-76-856-2081,493-147,920150,867-36,52514,0105,093-100,103398117,127
Deferred Taxes & Provisions
Cash flow from operations34,285129,047144,317260,421140,347122,931-88,923116,189122,666-507,744106,234225,377144,403148,426273,260
Investing Activities
capital expenditure-10,941-2,655-2,971-5,279-7,450-14,668-10,000-1,710,623
Change in Investments
cash flow from investments-10,941-2,655-2,971-5,279-7,450-14,668-10,000-1,710,623
Financing Activities
Bank loans46,224-40,275-32,99773,272
Group/Directors Accounts-6,000-72,39468,7129,682
Other Short Term Loans -23,15523,155-50,00050,000
Long term loans-36,450-62,517-39,663-43,444-47,775-52,173-46,594-42,731853,998-938,856-7,581-108,4165,949-88,6361,137,540
Hire Purchase and Lease Commitments
other long term liabilities-894,081894,081
share issue711,255384,488
interest-31,143
cash flow from financing-59,605-39,362-89,663-43,444-1,551-52,1733,406-42,731-40,083595,062-40,578-114,4166,827-19,9241,531,710
cash and cash equivalents
cash-108,28031,686-3,225146,40126,12813,191-164,054-12,31470,43579,869-14,82211,64652,91814,29131,891
overdraft-3,9553,955-49,6819,077-19,86219,96940,497
change in cash-108,28035,641-7,180146,40175,8094,114-144,192-32,28329,93879,869-14,82211,64652,91814,29131,891

the redeemed christian church of god international christian centre ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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The Redeemed Christian Church Of God International Christian Centre Ltd Competitor Analysis

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Perform a competitor analysis for the redeemed christian church of god international christian centre ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in RM6 area or any other competitors across 12 key performance metrics.

the redeemed christian church of god international christian centre ltd Ownership

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD group structure

The Redeemed Christian Church Of God International Christian Centre Ltd has no subsidiary companies.

Ultimate parent company

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD

04376232

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD Shareholders

--

the redeemed christian church of god international christian centre ltd directors

The Redeemed Christian Church Of God International Christian Centre Ltd currently has 4 directors. The longest serving directors include Mr Olajide Omotayo (May 2009) and Mr Jacob Abegunde (Jan 2016).

officercountryagestartendrole
Mr Olajide OmotayoUnited Kingdom74 years May 2009- Director
Mr Jacob AbegundeEngland50 years Jan 2016- Director
Mrs Flora Nwikpo71 years Jan 2016- Director
Mrs Abosede Owoyele54 years Jan 2020- Director

P&L

March 2024

turnover

315.7k

+8%

operating profit

46.8k

0%

gross margin

87%

-5.15%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

1m

0%

total assets

1.6m

-0.03%

cash

175.8k

-0.38%

net assets

Total assets minus all liabilities

the redeemed christian church of god international christian centre ltd company details

company number

04376232

Type

Private Ltd By Guarantee w/o Share Cap

industry

94910 - Activities of religious organisations

incorporation date

February 2002

age

23

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

international christian centre redeemed christian church of god ltd (November 2010)

house of god limited (July 2003)

accountant

MICHAEL OYEWOBI

auditor

-

address

rear of 31 - 33 high road, chadwell heath, romford, essex, RM6 6QJ

Bank

BARCLAYS BANK PLC

Legal Advisor

-

the redeemed christian church of god international christian centre ltd 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 5 charges/mortgages relating to the redeemed christian church of god international christian centre ltd. Currently there are 5 open charges and 0 have been satisfied in the past.

the redeemed christian church of god international christian centre ltd 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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the redeemed christian church of god international christian centre ltd Companies House Filings - See Documents

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