the miracle network
the miracle network Company Information
Group Structure
View All
Industry
Activities of religious organisations
Registered Address
204, holcroft court, clipstone street, london, W1W 5DJ
Website
http://miracles.org.ukthe miracle network Estimated Valuation
Pomanda estimates the enterprise value of THE MIRACLE NETWORK at £144k based on a Turnover of £352.8k and 0.41x industry multiple (adjusted for size and gross margin).
the miracle network Estimated Valuation
Pomanda estimates the enterprise value of THE MIRACLE NETWORK at £23.2k based on an EBITDA of £11.5k and a 2.02x industry multiple (adjusted for size and gross margin).
the miracle network Estimated Valuation
Pomanda estimates the enterprise value of THE MIRACLE NETWORK at £70k based on Net Assets of £28.6k and 2.45x industry multiple (adjusted for liquidity).
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The Miracle Network Overview
The Miracle Network is a live company located in london, W1W 5DJ with a Companies House number of 04915848. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in September 2003, it's largest shareholder is unknown. The Miracle Network is a mature, micro sized company, Pomanda has estimated its turnover at £352.8k with rapid growth in recent years.
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The Miracle Network Health Check
Pomanda's financial health check has awarded The Miracle Network a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £352.8k, make it larger than the average company (£287.8k)
- The Miracle Network
£287.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (2.1%)
- The Miracle Network
2.1% - Industry AVG
Production
with a gross margin of 22.2%, this company has a higher cost of product (83.3%)
- The Miracle Network
83.3% - Industry AVG
Profitability
an operating margin of 3.3% make it as profitable than the average company (2.9%)
- The Miracle Network
2.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (6)
- The Miracle Network
6 - Industry AVG
Pay Structure
on an average salary of £22.6k, the company has an equivalent pay structure (£22.6k)
- The Miracle Network
£22.6k - Industry AVG
Efficiency
resulting in sales per employee of £88.2k, this is more efficient (£60.4k)
- The Miracle Network
£60.4k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is later than average (6 days)
- The Miracle Network
6 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (25 days)
- The Miracle Network
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Miracle Network
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Miracle Network
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.2%, this is a similar level of debt than the average (5.5%)
5.2% - The Miracle Network
5.5% - Industry AVG
THE MIRACLE NETWORK financials
The Miracle Network's latest turnover from October 2023 is estimated at £352.8 thousand and the company has net assets of £28.6 thousand. According to their latest financial statements, we estimate that The Miracle Network has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 92,570 | 89,039 | 69,476 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -3,018 | 220 | -7,342 | ||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | -3,018 | 220 | -7,342 | ||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -3,018 | 220 | -7,342 | ||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 68 | 135 | |||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 68 | 135 | |||||||||||||
| Stock & work in progress | 5,295 | 5,293 | 5,943 | 6,621 | 6,285 | 4,553 | 5,170 | ||||||||
| Trade Debtors | 30,135 | 21,508 | 10,786 | 12,451 | 11,410 | 6,979 | 5,546 | ||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,800 | 122 | 1,315 | 5,473 | 1,753 | ||||||||||
| Cash | 6,904 | 14,570 | 17,885 | 11,246 | 22,067 | 18,688 | 22,975 | 23,931 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 30,135 | 24,308 | 10,908 | 13,766 | 11,410 | 6,979 | 5,546 | 6,904 | 19,865 | 23,178 | 17,189 | 28,688 | 24,973 | 33,001 | 30,854 |
| total assets | 30,135 | 24,308 | 10,908 | 13,766 | 11,410 | 6,979 | 5,546 | 6,904 | 19,865 | 23,178 | 17,189 | 28,688 | 24,973 | 33,069 | 30,989 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,556 | 4,356 | 679 | 1,763 | 625 | 4,656 | 5,362 | 6,675 | 3,788 | 2,171 | |||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 7,727 | 5,867 | |||||||||||||
| total current liabilities | 1,556 | 4,356 | 679 | 1,763 | 625 | 4,656 | 5,362 | 6,675 | 3,788 | 2,171 | 7,727 | 5,867 | |||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 8,625 | ||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 8,625 | ||||||||||||||
| total liabilities | 1,556 | 4,356 | 679 | 1,763 | 625 | 4,656 | 5,362 | 6,675 | 3,788 | 8,625 | 2,171 | 7,727 | 5,867 | ||
| net assets | 28,579 | 19,952 | 10,229 | 12,003 | 10,785 | 2,323 | 5,546 | 6,904 | 14,503 | 16,503 | 13,401 | 20,063 | 22,802 | 25,342 | 25,122 |
| total shareholders funds | 28,579 | 19,952 | 10,229 | 12,003 | 10,785 | 2,323 | 5,546 | 6,904 | 14,503 | 16,503 | 13,401 | 20,063 | 22,802 | 25,342 | 25,122 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 68 | 67 | 67 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -5,295 | 2 | -650 | -678 | 336 | 1,732 | -617 | 5,170 | |||||||
| Debtors | 5,827 | 13,400 | -2,858 | 2,356 | 4,431 | 1,433 | 5,546 | -5,473 | 3,720 | 1,753 | |||||
| Creditors | -2,800 | 3,677 | -1,084 | 1,138 | -4,031 | 4,656 | -5,362 | -1,313 | 2,887 | 3,788 | -2,171 | 2,171 | |||
| Accruals and Deferred Income | -7,727 | 1,860 | 5,867 | ||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -8,625 | 8,625 | |||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 478 | 32,464 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -6,904 | -7,666 | -3,315 | 6,639 | -10,821 | 3,379 | -4,287 | -956 | 23,931 | ||||||
| overdraft | |||||||||||||||
| change in cash | -6,904 | -7,666 | -3,315 | 6,639 | -10,821 | 3,379 | -4,287 | -956 | 23,931 |
the miracle network Credit Report and Business Information
The Miracle Network Competitor Analysis
Perform a competitor analysis for the miracle network by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.
the miracle network Ownership
THE MIRACLE NETWORK group structure
The Miracle Network has no subsidiary companies.
Ultimate parent company
THE MIRACLE NETWORK
04915848
the miracle network directors
The Miracle Network currently has 4 directors. The longest serving directors include Mr Daniel Strodl (Aug 2013) and Mr Ian Patrick (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Strodl | England | 78 years | Aug 2013 | - | Director |
| Mr Ian Patrick | England | 68 years | Nov 2016 | - | Director |
| Mr John Campbell | England | 78 years | Sep 2020 | - | Director |
| Mr James Whiting | England | 76 years | Jan 2022 | - | Director |
P&L
October 2023turnover
352.8k
+41%
operating profit
11.5k
0%
gross margin
22.3%
+20.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
28.6k
+0.43%
total assets
30.1k
+0.24%
cash
0
0%
net assets
Total assets minus all liabilities
the miracle network company details
company number
04915848
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
September 2003
age
22
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
the miracle foundation (March 2005)
accountant
-
auditor
-
address
204, holcroft court, clipstone street, london, W1W 5DJ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
the miracle network 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 the miracle network.
the miracle network 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 miracle network Companies House Filings - See Documents
| date | description | view/download |
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