theirworld
theirworld Company Information
Company Number
04422413
Website
www.theirworld.orgRegistered Address
1 blossom yard, fourth floor, london, E1 6RS
Industry
Other business support service activities n.e.c.
Telephone
02031162735
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
-0%
theirworld Estimated Valuation
Pomanda estimates the enterprise value of THEIRWORLD at £4.3m based on a Turnover of £6.6m and 0.65x industry multiple (adjusted for size and gross margin).
theirworld Estimated Valuation
Pomanda estimates the enterprise value of THEIRWORLD at £0 based on an EBITDA of £-383.3k and a 4.99x industry multiple (adjusted for size and gross margin).
theirworld Estimated Valuation
Pomanda estimates the enterprise value of THEIRWORLD at £31.6m based on Net Assets of £12.2m and 2.58x industry multiple (adjusted for liquidity).
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Theirworld Overview
Theirworld is a live company located in london, E1 6RS with a Companies House number of 04422413. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2002, it's largest shareholder is unknown. Theirworld is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with declining growth in recent years.
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Theirworld Health Check
Pomanda's financial health check has awarded Theirworld 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
5 Strong
1 Regular
4 Weak
Size
annual sales of £6.6m, make it larger than the average company (£4.5m)
£6.6m - Theirworld
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.4%)
-8% - Theirworld
6.4% - Industry AVG
Production
with a gross margin of 38%, this company has a comparable cost of product (38%)
38% - Theirworld
38% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (5.7%)
-6% - Theirworld
5.7% - Industry AVG
Employees
with 33 employees, this is above the industry average (26)
33 - Theirworld
26 - Industry AVG
Pay Structure
on an average salary of £69.6k, the company has a higher pay structure (£52.8k)
£69.6k - Theirworld
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £200.6k, this is more efficient (£167.2k)
£200.6k - Theirworld
£167.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Theirworld
- - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (31 days)
21 days - Theirworld
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Theirworld
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1839 weeks, this is more cash available to meet short term requirements (23 weeks)
1839 weeks - Theirworld
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.8%, this is a lower level of debt than the average (62%)
2.8% - Theirworld
62% - Industry AVG
THEIRWORLD financials
Theirworld's latest turnover from December 2023 is £6.6 million and the company has net assets of £12.2 million. According to their latest financial statements, Theirworld has 33 employees and maintains cash reserves of £12.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,619,000 | 7,957,244 | 8,332,511 | 8,567,824 | 9,806,189 | 3,403,002 | 4,679,326 | 3,770,105 | 3,503,715 | 2,198,815 | 2,051,913 | 968,205 | 249,575 | 231,248 | 377,425 |
| 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 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 169,959 | 1,600,968 | 2,100,806 | 2,698,642 | 2,918,617 | -296,234 | 714,450 | -95,737 | 450,176 | 516,933 | 931,326 | 235,853 | -65,483 | -168,601 | -48,722 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 169,959 | 1,600,968 | 2,100,806 | 2,698,642 | 2,918,617 | -296,234 | 714,450 | -95,737 | 450,176 | 516,933 | 931,326 | 235,853 | -65,483 | -168,601 | -48,722 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 169,959 | 1,600,968 | 2,100,806 | 2,698,642 | 2,918,617 | -296,234 | 714,450 | -95,737 | 450,176 | 516,933 | 931,326 | 235,853 | -65,483 | -168,601 | -48,722 |
| Employee Costs | 2,297,627 | 2,075,918 | 2,072,073 | 1,579,558 | 1,290,578 | 1,237,627 | 1,185,861 | 1,289,325 | 1,201,368 | 738,400 | 329,262 | 96,468 | 90,981 | 75,805 | 58,142 |
| Number Of Employees | 33 | 29 | 32 | 29 | 23 | 28 | 23 | 28 | 25 | 17 | 11 | 4 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,166 | 20,546 | 18,430 | 18,143 | 4,034 | 5,394 | 9,533 | 13,927 | 12,416 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 58 | 38 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 19,166 | 20,546 | 18,430 | 18,143 | 4,034 | 5,394 | 9,589 | 13,983 | 12,472 | 56 | 56 | 56 | 56 | 58 | 38 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,431 | 2,372 | 4,760 | 6,327 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 102,692 | 127,817 | 205,292 | 205,128 | 939,171 | 153,591 | 13,712 | 13,827 | 736,098 | 231,096 | 8,579 | 0 | 5 | 24,498 | 8,881 |
| Cash | 12,479,127 | 12,438,006 | 10,628,460 | 8,267,717 | 5,637,196 | 2,569,248 | 3,131,163 | 3,047,836 | 2,322,513 | 1,970,531 | 1,767,810 | 799,783 | 250,339 | 295,462 | 475,034 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,581,819 | 12,565,823 | 10,833,752 | 8,472,845 | 6,576,367 | 2,722,839 | 3,144,875 | 3,061,663 | 3,058,611 | 2,201,627 | 1,776,389 | 801,214 | 252,716 | 324,720 | 490,242 |
| total assets | 12,600,985 | 12,586,369 | 10,852,182 | 8,490,988 | 6,580,401 | 2,728,233 | 3,154,464 | 3,075,646 | 3,071,083 | 2,201,683 | 1,776,445 | 801,270 | 252,772 | 324,778 | 490,280 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 244,733 | 179,934 | 144,937 | 144,937 | 264,247 | 35,333 | 23,483 | 68,730 | 83,050 | 31,730 | 58,950 | 26,797 | 1,020 | 1,005 | 2,674 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 108,018 | 209,965 | 386,045 | 88,899 | 712,823 | 44,363 | 166,373 | 722,693 | 635,528 | 217,516 | 304,896 | 124,732 | 2,864 | 9,400 | 4,652 |
| total current liabilities | 352,751 | 389,899 | 530,982 | 233,836 | 977,070 | 79,696 | 189,856 | 791,423 | 718,578 | 249,246 | 363,846 | 151,529 | 3,884 | 10,405 | 7,326 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 165,000 | 0 | 0 | 0 |
| provisions | 0 | 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 | 165,000 | 0 | 0 | 0 |
| total liabilities | 352,751 | 389,899 | 530,982 | 233,836 | 977,070 | 79,696 | 189,856 | 791,423 | 718,578 | 249,246 | 363,846 | 316,529 | 3,884 | 10,405 | 7,326 |
| net assets | 12,248,234 | 12,196,470 | 10,321,200 | 8,257,152 | 5,603,331 | 2,648,537 | 2,964,608 | 2,284,223 | 2,352,505 | 1,952,437 | 1,412,599 | 484,741 | 248,888 | 314,373 | 482,954 |
| total shareholders funds | 12,248,234 | 12,196,470 | 10,321,200 | 8,257,152 | 5,603,331 | 2,648,537 | 2,964,608 | 2,284,223 | 2,352,505 | 1,952,437 | 1,412,599 | 484,741 | 248,888 | 314,373 | 482,954 |
| Dec 2023 | Dec 2022 | Dec 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 12,993 | 8,165 | 7,222 | 4,599 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 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 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,431 | -941 | -2,388 | -1,567 | 6,327 |
| Debtors | -25,125 | -77,475 | 164 | -734,043 | 785,580 | 139,879 | -115 | -722,271 | 505,002 | 222,517 | 8,579 | -5 | -24,493 | 15,617 | 8,881 |
| Creditors | 64,799 | 34,997 | 0 | -119,310 | 228,914 | 11,850 | -45,247 | -14,320 | 51,320 | -27,220 | 32,153 | 25,777 | 15 | -1,669 | 2,674 |
| Accruals and Deferred Income | -101,947 | -176,080 | 297,146 | -623,924 | 668,460 | -122,010 | -556,320 | 87,165 | 418,012 | -87,380 | 180,164 | 121,868 | -6,536 | 4,748 | 4,652 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,315 | -474 | -5,950 | -13,136 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -56 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 20 | 38 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -1,259 | -474 | -5,950 | -13,136 | ||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | -165,000 | 165,000 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -118,195 | 274,302 | -36,758 | -44,821 | 36,177 | -19,837 | -34,065 | 27,455 | -50,108 | 22,905 | -168,468 | 165,000 | -2 | 20 | 531,676 |
| cash and cash equivalents | |||||||||||||||
| cash | 41,121 | 1,809,546 | 2,360,743 | 2,630,521 | 3,067,948 | -561,915 | 83,327 | 725,323 | 351,982 | 202,721 | 968,027 | 549,444 | -45,123 | -179,572 | 475,034 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 41,121 | 1,809,546 | 2,360,743 | 2,630,521 | 3,067,948 | -561,915 | 83,327 | 725,323 | 351,982 | 202,721 | 968,027 | 549,444 | -45,123 | -179,572 | 475,034 |
theirworld Credit Report and Business Information
Theirworld Competitor Analysis
Perform a competitor analysis for theirworld by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in E 1 area or any other competitors across 12 key performance metrics.
theirworld Ownership
THEIRWORLD group structure
Theirworld has 2 subsidiary companies.
Ultimate parent company
THEIRWORLD
04422413
2 subsidiaries
theirworld directors
Theirworld currently has 7 directors. The longest serving directors include Mr David Boutcher (Apr 2002) and Ms Arabella Weir (Mar 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Boutcher | United Kingdom | 67 years | Apr 2002 | - | Director |
| Ms Arabella Weir | United Kingdom | 66 years | Mar 2006 | - | Director |
| Miss Lucy Doughty | United Kingdom | 50 years | Dec 2012 | - | Director |
| Ms Sarah Brown | United Kingdom | 61 years | Dec 2012 | - | Director |
| Mr Ian Laing | United Kingdom | 73 years | Dec 2015 | - | Director |
| Professor Neena Modi | 71 years | Jul 2019 | - | Director | |
| Theo Sowa | United Kingdom | 67 years | May 2021 | - | Director |
P&L
December 2023turnover
6.6m
-17%
operating profit
-396.3k
0%
gross margin
38%
-2.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
12.2m
0%
total assets
12.6m
0%
cash
12.5m
0%
net assets
Total assets minus all liabilities
Similar Companies
theirworld company details
company number
04422413
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2002
age
22
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
piggybankkids (November 2013)
accountant
-
auditor
HAYSMACINTYRE LLP
address
1 blossom yard, fourth floor, london, E1 6RS
Bank
LLOYDS TSB BANK PLC
Legal Advisor
FARRER & CO
theirworld 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 theirworld.
theirworld Companies House Filings - See Documents
| date | description | view/download |
|---|
