Pomanda estimates the enterprise value of SOURCEASIA LIMITED at £72.3k based on a Turnover of £148.1k and 0.49x industry multiple (adjusted for size and gross margin).
sourceasia limitedEstimated Valuation
£32.9k
Pomanda estimates the enterprise value of SOURCEASIA LIMITED at £32.9k based on an EBITDA of £7.8k and a 4.21x industry multiple (adjusted for size and gross margin).
sourceasia limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SOURCEASIA LIMITED at £0 based on Net Assets of £-36.9k and 2.61x industry multiple (adjusted for liquidity).
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Sourceasia LimitedOverview
Sourceasia Limited is a live company located in devon, TQ13 9AD with a Companies House number of 05031222. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in February 2004, it's largest shareholder is
paul john wenman
with a 50% stake. Sourceasia Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£148.1k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Sourceasia Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating0.5out of 5
0 Strong
2 Regular
8 Weak
Size
annual sales of £148.1k, make it smaller than the average company (£421.3k)
£148.1k - Sourceasia Limited
£421.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.1%)
5% - Sourceasia Limited
10.1% - Industry AVG
Production
with a gross margin of 59.9%, this company has a comparable cost of product (59.9%)
59.9% - Sourceasia Limited
59.9% - Industry AVG
Profitability
an operating margin of 5.1% make it less profitable than the average company (8.2%)
5.1% - Sourceasia Limited
8.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Sourceasia Limited
4 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
£50.1k - Sourceasia Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £74k, this is less efficient (£121k)
£74k - Sourceasia Limited
£121k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Sourceasia Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (25 days)
10 days - Sourceasia Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sourceasia Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (27 weeks)
4 weeks - Sourceasia Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 999.1%, this is a higher level of debt than the average (53.7%)
999.1% - Sourceasia Limited
53.7% - Industry AVG
SOURCEASIA LIMITED financials
EXPORT
Sourceasia Limited's latest turnover from February 2024 is estimated at £148.1 thousand and the company has net assets of -£36.9 thousand. According to their latest financial statements, Sourceasia Limited has 2 employees and maintains cash reserves of £3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
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
148,060
147,892
134,284
129,723
139,249
94,392
71,798
4,729
3,440
102,967
12,046
19,605
67,114
56,300
39,163
Other Income Or Grants
Cost Of Sales
59,389
60,682
51,592
47,069
51,039
30,706
23,037
1,577
1,159
36,777
4,033
6,241
21,383
17,431
13,096
Gross Profit
88,671
87,210
82,692
82,654
88,210
63,686
48,761
3,151
2,281
66,190
8,013
13,364
45,731
38,868
26,067
Admin Expenses
81,058
87,377
76,944
91,804
99,834
77,903
54,426
5,634
2,238
66,261
6,709
14,623
45,718
40,668
23,376
Operating Profit
7,613
-167
5,748
-9,150
-11,624
-14,217
-5,665
-2,483
43
-71
1,304
-1,259
13
-1,800
2,691
Interest Payable
1,507
1,457
974
615
161
158
273
126
Interest Receivable
258
317
34
3
3
14
17
89
79
11
14
22
49
39
Pre-Tax Profit
6,364
-1,307
4,809
-9,762
-11,781
-14,217
-5,808
-2,739
6
9
1,316
-1,245
35
-1,751
2,729
Tax
-1,591
-914
-1
-2
-303
-9
-764
Profit After Tax
4,773
-1,307
3,895
-9,762
-11,781
-14,217
-5,808
-2,739
5
7
1,013
-1,245
26
-1,751
1,965
Dividends Paid
Retained Profit
4,773
-1,307
3,895
-9,762
-11,781
-14,217
-5,808
-2,739
5
7
1,013
-1,245
26
-1,751
1,965
Employee Costs
100,287
95,351
94,438
86,009
91,828
104,803
94,725
51,974
51,136
53,105
52,127
52,601
51,995
49,278
55,107
Number Of Employees
2
2
2
2
2
2
2
1
1
1
1
1
1
1
1
EBITDA*
7,827
67
6,060
-9,150
-11,624
-14,217
-5,665
-1,978
583
446
1,772
-795
271
-1,455
2,965
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
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
645
700
934
1,246
1,120
1,493
1,404
1,514
1,621
1,553
1,404
1,391
775
1,033
823
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
298
2,736
Total Fixed Assets
645
700
934
1,246
1,120
1,493
1,404
1,514
1,621
1,553
1,702
4,127
775
1,033
823
Stock & work in progress
4,876
4,380
1,500
9,000
Trade Debtors
2,929
684
250
364
1,731
9,728
8,547
3,150
Group Debtors
Misc Debtors
473
269
838
236
Cash
2,989
6,833
8,994
4,609
893
5,728
7,751
27,977
3,803
761
4,789
4,118
15,406
misc current assets
total current assets
3,462
6,833
8,994
4,878
1,731
2,929
684
5,964
8,001
27,977
9,043
6,872
14,517
14,165
27,556
total assets
4,107
7,533
9,928
6,124
2,851
4,422
2,088
7,478
9,622
29,530
10,745
10,999
15,292
15,198
28,379
Bank overdraft
1,294
1,294
10,822
11,000
Bank loan
Trade Creditors
1,649
1,649
1,599
1,621
1,363
22,229
6,817
1,337
2,417
26,151
10,735
12,002
15,050
14,932
26,363
Group/Directors Accounts
25,291
30,638
31,367
31,333
29,192
1,275
43
other short term finances
3,980
5,048
3,735
4,399
4,763
4,850
3,885
hp & lease commitments
other current liabilities
1,878
2,368
2,795
2,056
2,056
2,733
3,255
3,362
total current liabilities
34,092
40,997
50,318
50,409
37,374
22,229
6,817
10,195
9,600
29,513
10,735
12,002
15,050
14,932
26,363
loans
6,939
8,233
hp & lease commitments
Accruals and Deferred Income
4,937
3,798
other liabilities
50
49
provisions
total long term liabilities
6,939
8,233
4,937
3,798
50
49
total liabilities
41,031
49,230
50,318
50,409
37,374
27,166
10,615
10,195
9,600
29,513
10,735
12,002
15,050
14,982
26,412
net assets
-36,924
-41,697
-40,390
-44,285
-34,523
-22,744
-8,527
-2,717
22
17
10
-1,003
242
216
1,967
total shareholders funds
-36,924
-41,697
-40,390
-44,285
-34,523
-22,744
-8,527
-2,717
22
17
10
-1,003
242
216
1,967
Feb 2024
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
7,613
-167
5,748
-9,150
-11,624
-14,217
-5,665
-2,483
43
-71
1,304
-1,259
13
-1,800
2,691
Depreciation
214
234
312
505
540
517
468
464
258
345
274
Amortisation
Tax
-1,591
-914
-1
-2
-303
-9
-764
Stock
-4,876
496
4,380
-1,500
-7,500
9,000
Debtors
473
-269
-569
-2,091
2,245
448
-14
250
-662
-3,805
-5,261
1,181
5,397
3,150
Creditors
50
-22
258
-20,866
15,412
5,480
-1,080
-23,734
15,416
-1,267
-3,048
118
-11,431
26,363
Accruals and Deferred Income
-490
-427
739
-2,881
1,139
1,065
-522
-107
3,362
Deferred Taxes & Provisions
Cash flow from operations
5,273
-310
6,132
-8,323
-33,280
89
432
-3,566
-23,509
24,760
3,511
-2,962
699
-10,783
16,414
Investing Activities
capital expenditure
-159
-126
373
-89
110
-398
-608
-666
-481
-1,080
-555
-1,097
Change in Investments
cash flow from investments
-159
-126
373
-89
110
-398
-608
-666
-481
-1,080
-555
-1,097
Financing Activities
Bank loans
Group/Directors Accounts
-5,347
-729
34
2,141
29,192
-1,275
1,232
43
Other Short Term Loans
-1,068
1,313
-664
-364
4,763
-4,850
965
3,885
Long term loans
-1,294
8,233
Hire Purchase and Lease Commitments
other long term liabilities
-50
1
49
share issue
2
-2
2
interest
-1,249
-1,140
-940
-612
-158
-144
-256
-37
79
11
14
22
49
39
cash flow from financing
-8,958
7,677
-1,570
1,165
33,799
-6,271
1,941
3,891
79
11
14
-28
50
90
cash and cash equivalents
cash
-3,844
-2,161
4,385
3,716
893
-5,728
-2,023
-20,226
24,174
3,042
-4,028
671
-11,288
15,406
overdraft
-9,528
-178
11,000
change in cash
-3,844
7,367
4,563
-7,284
893
-5,728
-2,023
-20,226
24,174
3,042
-4,028
671
-11,288
15,406
sourceasia limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for sourceasia limited. Get real-time insights into sourceasia limited's credit score, group structure and payment trends.
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sourceasia limited Ownership
SOURCEASIA LIMITED group structure
Sourceasia Limited has no subsidiary companies.
Ultimate parent company
SOURCEASIA LIMITED
05031222
SOURCEASIA LIMITED Shareholders
The largest shareholders in Sourceasia Limited include Paul John Wenman and Susie Wenman.
paul john wenman
50%
susie wenman
50%
sourceasia limited directors
Sourceasia Limited currently has 1 director, Mr Paul Wenman serving since Feb 2004.
70229 - Management consultancy activities (other than financial management)
incorporation date
February 2004
age
21
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
ONE PLUS ONE LTD
auditor
-
address
34 fore street, bovey tracey, devon, TQ13 9AD
Bank
-
Legal Advisor
-
sourceasia 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 did not find charges/mortgages relating to sourceasia limited.
sourceasia 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.
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sourceasia limitedCompanies House Filings - See Documents
