professional wealth management limited
professional wealth management limited Company Information
Company Number
04554297
Next Accounts
62 days late
Shareholders
iwp newcastle limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
1 lambton road, jesmond, newcastle upon tyne, NE2 4RX
professional wealth management limited Estimated Valuation
Pomanda estimates the enterprise value of PROFESSIONAL WEALTH MANAGEMENT LIMITED at £928.3k based on a Turnover of £506.3k and 1.83x industry multiple (adjusted for size and gross margin).
professional wealth management limited Estimated Valuation
Pomanda estimates the enterprise value of PROFESSIONAL WEALTH MANAGEMENT LIMITED at £713.5k based on an EBITDA of £112.8k and a 6.33x industry multiple (adjusted for size and gross margin).
professional wealth management limited Estimated Valuation
Pomanda estimates the enterprise value of PROFESSIONAL WEALTH MANAGEMENT LIMITED at £1.1m based on Net Assets of £787.5k and 1.34x industry multiple (adjusted for liquidity).
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Professional Wealth Management Limited Overview
Professional Wealth Management Limited is a live company located in newcastle upon tyne, NE2 4RX with a Companies House number of 04554297. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2002, it's largest shareholder is iwp newcastle limited with a 100% stake. Professional Wealth Management Limited is a mature, small sized company, Pomanda has estimated its turnover at £506.3k with declining growth in recent years.
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Professional Wealth Management Limited Health Check
Pomanda's financial health check has awarded Professional Wealth Management Limited a 4.5 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
0 Regular
5 Weak
Size
annual sales of £506.3k, make it smaller than the average company (£4.3m)
£506.3k - Professional Wealth Management Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.6%)
- Professional Wealth Management Limited
3.6% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (58.2%)
100% - Professional Wealth Management Limited
58.2% - Industry AVG
Profitability
an operating margin of 20.9% make it more profitable than the average company (10.5%)
20.9% - Professional Wealth Management Limited
10.5% - Industry AVG
Employees
with 6 employees, this is below the industry average (12)
6 - Professional Wealth Management Limited
12 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has a lower pay structure (£74.1k)
£41.8k - Professional Wealth Management Limited
£74.1k - Industry AVG
Efficiency
resulting in sales per employee of £84.4k, this is less efficient (£200.6k)
£84.4k - Professional Wealth Management Limited
£200.6k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (32 days)
47 days - Professional Wealth Management Limited
32 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Professional Wealth Management Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Professional Wealth Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (33 weeks)
49 weeks - Professional Wealth Management Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.2%, this is a lower level of debt than the average (67.6%)
31.2% - Professional Wealth Management Limited
67.6% - Industry AVG
PROFESSIONAL WEALTH MANAGEMENT LIMITED financials
Professional Wealth Management Limited's latest turnover from March 2023 is £506.3 thousand and the company has net assets of £787.5 thousand. According to their latest financial statements, Professional Wealth Management Limited has 6 employees and maintains cash reserves of £337.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 506,254 | 525,563 | 390,424 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | 506,254 | 525,563 | 390,424 | |||||||||||
| Admin Expenses | 400,428 | 251,193 | 118,871 | |||||||||||
| Operating Profit | 105,826 | 274,370 | 271,553 | |||||||||||
| Interest Payable | 738 | 368 | 2,973 | |||||||||||
| Interest Receivable | 10,329 | |||||||||||||
| Pre-Tax Profit | 105,088 | 274,002 | 283,837 | |||||||||||
| Tax | 11,473 | -10,328 | -49,237 | |||||||||||
| Profit After Tax | 116,561 | 263,674 | 234,600 | |||||||||||
| Dividends Paid | 8,700 | |||||||||||||
| Retained Profit | 116,561 | 263,674 | 225,900 | |||||||||||
| Employee Costs | 250,682 | 162,947 | 92,931 | |||||||||||
| Number Of Employees | 6 | 6 | 6 | 8 | 8 | 9 | 9 | 10 | ||||||
| EBITDA* | 112,802 | 307,571 | 304,503 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,832 | 10,546 | 31,737 | 72,257 | 107,514 | 134,376 | 133,189 | 56,803 | 30,294 | 30,451 | 39,851 | 27,182 | 39,055 | 50,929 |
| Intangible Assets | 6,340 | 12,680 | 19,650 | 25,360 | 31,700 | 35,900 | 40,100 | 46,400 | 50,600 | |||||
| Investments & Other | 37,008 | 36,969 | 36,927 | 37,007 | 37,114 | 100 | 100 | 100 | 590 | 980 | 980 | |||
| Debtors (Due After 1 year) | 4,535 | 27,166 | 27,166 | 29,389 | 29,389 | 29,389 | 12,850 | 12,850 | ||||||
| Total Fixed Assets | 20,832 | 10,546 | 36,272 | 109,265 | 171,649 | 204,809 | 212,265 | 142,956 | 85,143 | 75,101 | 88,701 | 67,872 | 86,435 | 102,509 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 65,734 | 19,039 | 100 | 158,247 | 208,691 | 57,064 | 43,647 | 23,382 | 220,583 | |||||
| Group Debtors | 628,817 | 521,000 | 13,420 | |||||||||||
| Misc Debtors | 91,672 | 87,938 | 80,783 | 259,002 | 129,157 | 123,181 | 127,395 | 134,467 | 130,316 | 78,738 | ||||
| Cash | 337,444 | 237,852 | 454,957 | 73,049 | 207 | 712 | 6,754 | 11,405 | 13,469 | 12,781 | 12,211 | 53,714 | 75,337 | 14,085 |
| misc current assets | 35,594 | 24,964 | 24,551 | 24,477 | 95,377 | |||||||||
| total current assets | 1,123,667 | 865,829 | 549,260 | 332,051 | 129,364 | 123,893 | 134,149 | 145,872 | 207,310 | 246,436 | 224,142 | 200,576 | 194,096 | 234,668 |
| total assets | 1,144,499 | 876,375 | 585,532 | 441,316 | 301,013 | 328,702 | 346,414 | 288,828 | 292,453 | 321,537 | 312,843 | 268,448 | 280,531 | 337,177 |
| Bank overdraft | 16 | 11,383 | 4,167 | 11,652 | 15,076 | 14,867 | 14,243 | 14,140 | ||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 2,402 | 2,499 | 8,033 | 977 | 9,958 | 8,930 | 9,073 | 19,382 | 117,622 | 69,032 | 111,795 | 104,727 | 72,436 | 138,601 |
| Group/Directors Accounts | 323,620 | 110,138 | ||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 32,267 | 5,657 | 5,657 | 5,657 | ||||||||||
| other current liabilities | 26,090 | 90,070 | 81,937 | 169,626 | 169,199 | 128,984 | 117,975 | 100,329 | 24,000 | 43,046 | 39,582 | 36,397 | 23,933 | 23,447 |
| total current liabilities | 352,112 | 202,707 | 122,237 | 170,619 | 190,540 | 142,081 | 127,048 | 119,711 | 147,279 | 129,387 | 172,110 | 155,991 | 110,612 | 176,188 |
| loans | 50,000 | 26,382 | 11,652 | 26,417 | 48,485 | 62,384 | ||||||||
| hp & lease commitments | 945 | 6,600 | 12,257 | |||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 76,380 | 49,417 | 86,629 | 85,746 | 24,435 | 36,380 | 54,382 | 26,446 | 25,552 | 47,032 | 47,303 | |||
| provisions | 4,886 | 2,728 | 6,029 | 12,951 | 19,481 | 24,376 | 23,823 | 9,429 | 3,703 | 3,217 | 4,466 | 2,141 | 3,141 | 4,369 |
| total long term liabilities | 4,886 | 2,728 | 56,029 | 89,331 | 68,898 | 111,005 | 109,569 | 60,246 | 41,028 | 64,199 | 54,821 | 54,110 | 98,658 | 114,056 |
| total liabilities | 356,998 | 205,435 | 178,266 | 259,950 | 259,438 | 253,086 | 236,617 | 179,957 | 188,307 | 193,586 | 226,931 | 210,101 | 209,270 | 290,244 |
| net assets | 787,501 | 670,940 | 407,266 | 181,366 | 41,575 | 75,616 | 109,797 | 108,871 | 104,146 | 127,951 | 85,912 | 58,347 | 71,261 | 46,933 |
| total shareholders funds | 787,501 | 670,940 | 407,266 | 181,366 | 41,575 | 75,616 | 109,797 | 108,871 | 104,146 | 127,951 | 85,912 | 58,347 | 71,261 | 46,933 |
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 105,826 | 274,370 | 271,553 | |||||||||||
| Depreciation | 6,976 | 33,201 | 32,950 | 28,653 | 36,576 | 39,492 | 26,955 | 13,975 | 10,633 | 10,164 | 12,568 | 15,088 | 12,963 | 17,111 |
| Amortisation | 6,340 | 6,340 | 6,970 | 5,710 | 6,340 | 4,200 | 4,200 | 6,300 | 4,200 | 4,200 | ||||
| Tax | 11,473 | -10,328 | -49,237 | |||||||||||
| Stock | ||||||||||||||
| Debtors | 158,246 | 529,139 | -160,164 | 102,679 | 5,976 | -6,437 | -7,072 | -23,780 | -33,905 | 21,311 | 77,845 | 122,385 | -197,201 | 220,583 |
| Creditors | -97 | -5,534 | 7,056 | -8,981 | 1,028 | -143 | -10,309 | -98,240 | 48,590 | -42,763 | 7,068 | 104,727 | -66,165 | 138,601 |
| Accruals and Deferred Income | -63,980 | 8,133 | -87,689 | 427 | 40,215 | 11,009 | 17,646 | 76,329 | -19,046 | 3,464 | 3,185 | 36,397 | 486 | 23,447 |
| Deferred Taxes & Provisions | 2,158 | -3,301 | -6,922 | -6,530 | -4,895 | 553 | 14,394 | 5,726 | 486 | -1,249 | 2,325 | 2,141 | -1,228 | 4,369 |
| Cash flow from operations | -95,890 | -232,598 | 327,875 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -37,008 | 39 | 42 | -80 | -107 | 37,014 | -490 | 590 | 980 | |||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 213,482 | 110,138 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -50,000 | 50,000 | -26,382 | 26,382 | -11,652 | -14,765 | 26,417 | -13,899 | 62,384 | |||||
| Hire Purchase and Lease Commitments | -32,267 | 32,267 | -6,602 | -5,655 | -5,657 | 17,914 | ||||||||
| other long term liabilities | -76,380 | 26,963 | -37,212 | 883 | 61,311 | -11,945 | -18,002 | 27,936 | 894 | 25,552 | -271 | 47,303 | ||
| share issue | ||||||||||||||
| interest | -738 | -368 | 7,356 | |||||||||||
| cash flow from financing | 212,744 | 27,503 | 13,243 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 99,592 | -217,105 | 381,908 | 72,842 | -505 | -6,042 | -4,651 | -2,064 | 688 | 570 | -41,503 | 53,714 | 61,252 | 14,085 |
| overdraft | -16 | -11,367 | 7,216 | 4,167 | -11,652 | -3,424 | 209 | 14,867 | 103 | 14,140 | ||||
| change in cash | 99,592 | -217,105 | 381,924 | 84,209 | -7,721 | -10,209 | -4,651 | -2,064 | 12,340 | 3,994 | -41,712 | 38,847 | 61,149 | -55 |
professional wealth management limited Credit Report and Business Information
Professional Wealth Management Limited Competitor Analysis
Perform a competitor analysis for professional wealth management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NE2 area or any other competitors across 12 key performance metrics.
professional wealth management limited Ownership
PROFESSIONAL WEALTH MANAGEMENT LIMITED group structure
Professional Wealth Management Limited has no subsidiary companies.
Ultimate parent company
IWP INVESTMENTS LIMITED
#0117485
2 parents
PROFESSIONAL WEALTH MANAGEMENT LIMITED
04554297
professional wealth management limited directors
Professional Wealth Management Limited currently has 3 directors. The longest serving directors include Mrs Helen Thornton (Dec 2022) and Mr Alexander Easton (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Helen Thornton | England | 48 years | Dec 2022 | - | Director |
| Mr Alexander Easton | England | 49 years | Feb 2023 | - | Director |
| Mr Robert Allen | England | 50 years | Aug 2024 | - | Director |
P&L
March 2023turnover
506.3k
-4%
operating profit
105.8k
-61%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
787.5k
+0.17%
total assets
1.1m
+0.31%
cash
337.4k
+0.42%
net assets
Total assets minus all liabilities
professional wealth management limited company details
company number
04554297
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
October 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
N/A
accountant
BISHOP FLEMING LLP
auditor
-
address
1 lambton road, jesmond, newcastle upon tyne, NE2 4RX
Bank
BANK OF SCOTLAND
Legal Advisor
-
professional wealth management limited 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 1 charges/mortgages relating to professional wealth management limited. Currently there are 0 open charges and 1 have been satisfied in the past.
professional wealth management limited 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 PROFESSIONAL WEALTH MANAGEMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
professional wealth management limited Companies House Filings - See Documents
| date | description | view/download |
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