Product Of The Year Limited

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product of the year limited Company Information

Live

MatureSmallHealthy

Company Number

04931030

Next Accounts

4 days late

Industry

Advertising agencies

Directors

Mike Nolan

David Felwick

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Shareholders

poy management ltd

Group Structure

View All

Contact

Registered Address

1 bell lane, lewes, east sussex, BN7 1JU

Website

www.productoftheyear.co.uk

product of the year limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of PRODUCT OF THE YEAR LIMITED at £1.5m based on a Turnover of £2.7m and 0.55x industry multiple (adjusted for size and gross margin).

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Product Of The Year Limited is a live company located in east sussex, BN7 1JU with a Companies House number of 04931030. It operates in the advertising agencies sector, SIC Code 73110. Founded in October 2003, it's largest shareholder is poy management ltd with a 100% stake. Product Of The Year Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Product Of The Year Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £2.7m, make it smaller than the average company (£6.5m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.7%)

EXPORT

Product Of The Year Limited's latest turnover from February 2023 is estimated at £2.7 million and the company has net assets of £38.2 thousand. According to their latest financial statements, Product Of The Year Limited has 6 employees and maintains cash reserves of £41 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,676,135	2,055,741	2,835,418	2,142,246	1,688,004	1,998,851	866,087	801,728	5,939,057	3,417,741	2,792,285	3,393,382	4,485,599	4,964,265
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,465,056	1,048,048	1,523,932	1,207,999	932,325	1,089,626	456,427	414,104	3,228,071	1,875,238	1,595,947	1,883,648	2,409,824	2,687,466
Gross Profit	1,211,079	1,007,693	1,311,486	934,247	755,679	909,225	409,660	387,624	2,710,987	1,542,504	1,196,338	1,509,734	2,075,775	2,276,799
Admin Expenses	1,267,818	1,115,118	1,390,230	1,175,575	1,044,663	861,196	224,663	157,189	2,756,401	1,430,947	1,122,217	1,529,230	2,036,909	1,793,927
Operating Profit	-56,739	-107,425	-78,744	-241,328	-288,984	48,029	184,997	230,435	-45,414	111,557	74,121	-19,496	38,866	482,872
Interest Payable	6,427	5,053	5,101	1,917	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,354	169	0	398	1,202	595	192	324	609	951	342	2	2	1
Pre-Tax Profit	-61,812	-112,309	-83,845	-242,846	-287,782	48,625	185,189	230,759	-44,805	112,508	74,463	-19,494	38,868	482,872
Tax	0	0	0	0	0	-9,239	-37,038	-46,152	0	-25,877	-17,871	0	-10,883	-135,204
Profit After Tax	-61,812	-112,309	-83,845	-242,846	-287,782	39,386	148,151	184,607	-44,805	86,631	56,592	-19,494	27,985	347,668
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-61,812	-112,309	-83,845	-242,846	-287,782	39,386	148,151	184,607	-44,805	86,631	56,592	-19,494	27,985	347,668
Employee Costs	364,961	300,856	166,374	171,686	284,492	166,337	161,319	160,075	1,835,960	1,078,052	875,000	972,660	1,309,343	1,378,731
Number Of Employees	6	5	3	3	5	3	3	3	35	20	17	19	26	27
EBITDA*	-54,940	-106,717	-77,820	-240,851	-288,881	48,029	186,270	231,072	-43,086	112,682	77,505	-14,204	45,949	484,853

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	30,881	2,037	2,745	1,380	359	130	0	1,273	0	2,328	1,126	3,032	8,324	15,408
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	30,881	2,037	2,745	1,380	359	130	0	1,273	0	2,328	1,126	3,032	8,324	15,408
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	777,590	617,302	856,722	654,824	446,253	614,363	229,017	205,392	1,228,510	678,436	561,260	703,289	857,311	872,118
Group Debtors	373,069	616,879	568,140	721,136	604,116	764,047	1,107,300	0	0	0	0	0	0	0
Misc Debtors	170,617	225,439	121,109	112,714	111,400	145,955	31,536	901,771	0	0	0	0	0	0
Cash	41	67,667	0	0	106,229	214,431	23,657	129,562	0	243,792	136,648	179	671	270
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,321,317	1,527,287	1,545,971	1,488,674	1,267,998	1,738,796	1,391,510	1,236,725	1,228,510	922,228	697,908	703,468	857,982	872,388
total assets	1,352,198	1,529,324	1,548,716	1,490,054	1,268,357	1,738,926	1,391,510	1,237,998	1,228,510	924,556	699,034	706,500	866,306	887,796
Bank overdraft	58,538	8,956	60,476	56,786	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
Trade Creditors	65,086	139,676	181,298	107,797	115,776	108,292	72,991	111,896	773,843	425,084	286,193	350,251	490,563	540,038
Group/Directors Accounts	776,933	800,285	660,885	607,454	0	2,449	29,600	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	388,424	444,334	383,719	421,834	613,552	801,374	501,494	486,828	0	0	0	0	0	0
total current liabilities	1,288,981	1,393,251	1,286,378	1,193,871	729,328	912,115	604,085	598,724	773,843	425,084	286,193	350,251	490,563	540,038
loans	25,000	36,044	50,000	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
Accruals and Deferred Income	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	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	25,000	36,044	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,313,981	1,429,295	1,336,378	1,193,871	729,328	912,115	604,085	598,724	773,843	425,084	286,193	350,251	490,563	540,038
net assets	38,217	100,029	212,338	296,183	539,029	826,811	787,425	639,274	454,667	499,472	412,841	356,249	375,743	347,758
total shareholders funds	38,217	100,029	212,338	296,183	539,029	826,811	787,425	639,274	454,667	499,472	412,841	356,249	375,743	347,758

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-56,739	-107,425	-78,744	-241,328	-288,984	48,029	184,997	230,435	-45,414	111,557	74,121	-19,496	38,866	482,872
Depreciation	1,799	708	924	477	103	0	1,273	637	2,328	1,125	3,384	5,292	7,083	1,981
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-9,239	-37,038	-46,152	0	-25,877	-17,871	0	-10,883	-135,204
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-138,344	-86,351	57,297	326,905	-362,596	156,512	260,690	-121,347	550,074	117,176	-142,029	-154,022	-14,807	872,118
Creditors	-74,590	-41,622	73,501	-7,979	7,484	35,301	-38,905	-661,947	348,759	138,891	-64,058	-140,312	-49,475	540,038
Accruals and Deferred Income	-55,910	60,615	-38,115	-191,718	-187,822	299,880	14,666	486,828	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-47,096	-1,373	-99,731	-767,453	-106,623	217,459	-135,697	131,148	-244,401	108,520	137,605	-494	398	17,569
Investing Activities
capital expenditure	-30,643	0	-2,289	-1,498	-332	-130	0	-1,910	0	-2,327	-1,478	0	1	-17,389
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,643	0	-2,289	-1,498	-332	-130	0	-1,910	0	-2,327	-1,478	0	1	-17,389
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-23,352	139,400	53,431	607,454	-2,449	-27,151	29,600	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
Long term loans	-11,044	-13,956	50,000	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	90
interest	-5,073	-4,884	-5,101	-1,519	1,202	595	192	324	609	951	342	2	2	1
cash flow from financing	-39,469	120,560	98,330	605,935	-1,247	-26,556	29,792	324	609	951	342	2	2	91
cash and cash equivalents
cash	-67,626	67,667	0	-106,229	-108,202	190,774	-105,905	129,562	-243,792	107,144	136,469	-492	401	270
overdraft	49,582	-51,520	3,690	56,786	0	0	0	0	0	0	0	0	0	0
change in cash	-117,208	119,187	-3,690	-163,015	-108,202	190,774	-105,905	129,562	-243,792	107,144	136,469	-492	401	270

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRODUCT OF THE YEAR LIMITED group structure

Product Of The Year Limited has no subsidiary companies.

Ultimate parent company

POY MANAGEMENT LIMITED

05917933

1 parent

PRODUCT OF THE YEAR LIMITED

04931030

PRODUCT OF THE YEAR LIMITED Shareholders

poy management ltd

100%

Product Of The Year Limited currently has 3 directors. The longest serving directors include Mr Mike Nolan (Mar 2004) and Mr David Felwick (Mar 2004).

officer	country	age	start	end	role
Mr Mike Nolan	England	54 years	Mar 2004	-	Director
Mr David Felwick	United Kingdom	80 years	Mar 2004	-	Director
Mr Anthony Vaughan	United Kingdom	76 years	Apr 2014	-	Director

P&L

February 2023

turnover

2.7m

+30%

operating profit

-56.7k

gross margin

45.3%

-7.68%

turnover

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

Balance Sheet

February 2023

net assets

38.2k

-0.62%

total assets

1.4m

-0.12%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04931030

Type

Private limited with Share Capital

industry

73110 - Advertising agencies

incorporation date

October 2003

ultimate parent company

POY MANAGEMENT LIMITED

previous names

freshname no. 319 limited (March 2004)

address

1 bell lane, lewes, east sussex, BN7 1JU

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 2 charges/mortgages relating to product of the year limited. Currently there are 1 open charges and 1 have been satisfied in the past.

product of the year limited Company Information

product of the year limited Estimated Valuation

product of the year limited Estimated Valuation

product of the year limited Estimated Valuation

Product Of The Year Limited Overview

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PRODUCT OF THE YEAR LIMITED financials

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