modern schools (exeter) limited
modern schools (exeter) limited Company Information
Company Number
05047731
Website
http://innisfree.co.ukRegistered Address
8 white oak square, london road, swanley, kent, BR8 7AG
Industry
Development of building projects
Management of real estate on a fee or contract basis
Telephone
02072519800
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
modern schools (exeter) holdings ltd 100%
modern schools (exeter) limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN SCHOOLS (EXETER) LIMITED at £4.6m based on a Turnover of £5.4m and 0.86x industry multiple (adjusted for size and gross margin).
modern schools (exeter) limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN SCHOOLS (EXETER) LIMITED at £20.3m based on an EBITDA of £5.3m and a 3.82x industry multiple (adjusted for size and gross margin).
modern schools (exeter) limited Estimated Valuation
Pomanda estimates the enterprise value of MODERN SCHOOLS (EXETER) LIMITED at £4.6m based on Net Assets of £2.9m and 1.58x industry multiple (adjusted for liquidity).
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Modern Schools (exeter) Limited Overview
Modern Schools (exeter) Limited is a live company located in kent, BR8 7AG with a Companies House number of 05047731. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2004, it's largest shareholder is modern schools (exeter) holdings ltd with a 100% stake. Modern Schools (exeter) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with declining growth in recent years.
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Modern Schools (exeter) Limited Health Check
Pomanda's financial health check has awarded Modern Schools (Exeter) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
5 Weak
Size
annual sales of £5.4m, make it larger than the average company (£1.7m)
£5.4m - Modern Schools (exeter) Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.1%)
-5% - Modern Schools (exeter) Limited
2.1% - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (34.2%)
19.3% - Modern Schools (exeter) Limited
34.2% - Industry AVG
Profitability
an operating margin of 98.7% make it more profitable than the average company (8.8%)
98.7% - Modern Schools (exeter) Limited
8.8% - Industry AVG
Employees
with 36 employees, this is above the industry average (9)
- Modern Schools (exeter) Limited
9 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Modern Schools (exeter) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £149.4k, this is less efficient (£195.4k)
- Modern Schools (exeter) Limited
£195.4k - Industry AVG
Debtor Days
it gets paid by customers after 254 days, this is later than average (33 days)
254 days - Modern Schools (exeter) Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Modern Schools (exeter) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Modern Schools (exeter) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (17 weeks)
24 weeks - Modern Schools (exeter) Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.5%, this is a higher level of debt than the average (79.3%)
92.5% - Modern Schools (exeter) Limited
79.3% - Industry AVG
modern schools (exeter) limited Credit Report and Business Information
Modern Schools (exeter) Limited Competitor Analysis
Perform a competitor analysis for modern schools (exeter) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
modern schools (exeter) limited Ownership
MODERN SCHOOLS (EXETER) LIMITED group structure
Modern Schools (Exeter) Limited has no subsidiary companies.
Ultimate parent company
2 parents
MODERN SCHOOLS (EXETER) LIMITED
05047731
modern schools (exeter) limited directors
Modern Schools (Exeter) Limited currently has 2 directors. The longest serving directors include Mr Benjamin Dean (Nov 2010) and Mr Richard Sheehan (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Dean | England | 44 years | Nov 2010 | - | Director |
| Mr Richard Sheehan | England | 49 years | Nov 2018 | - | Director |
MODERN SCHOOLS (EXETER) LIMITED financials
Modern Schools (Exeter) Limited's latest turnover from December 2022 is £5.4 million and the company has net assets of £2.9 million. According to their latest financial statements, we estimate that Modern Schools (Exeter) Limited has 36 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,380,000 | 5,399,000 | 6,872,000 | 6,310,000 | 5,874,000 | 5,814,000 | 5,825,000 | 4,812,000 | 4,555,000 | 3,820,000 | 4,380,000 | 4,538,000 | 4,411,000 | 9,644,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 4,344,000 | 4,476,000 | 5,882,000 | 5,476,000 | 4,425,000 | 4,108,000 | 3,316,000 | 3,859,000 | 3,986,000 | 3,861,000 | 3,565,000 | |||
| Gross Profit | 1,036,000 | 923,000 | 990,000 | 834,000 | 387,000 | 447,000 | 504,000 | 521,000 | 552,000 | 550,000 | 6,079,000 | |||
| Admin Expenses | 0 | 0 | 0 | 0 | 515,000 | 0 | ||||||||
| Operating Profit | 834,000 | 854,000 | 5,000 | 621,000 | 504,000 | 521,000 | 552,000 | 35,000 | 6,079,000 | |||||
| Interest Payable | 2,454,000 | 2,733,000 | 3,056,000 | 3,323,000 | 3,651,000 | 3,897,000 | 4,185,000 | 4,471,000 | 4,719,000 | 5,010,000 | 5,302,000 | 5,555,000 | 5,875,000 | 6,128,000 |
| Interest Receivable | 2,772,000 | 2,955,000 | 3,223,000 | 3,486,000 | 3,710,000 | 3,949,000 | 4,186,000 | 4,438,000 | 4,665,000 | 4,682,000 | 4,903,000 | 5,128,000 | 5,360,000 | 12,000 |
| Pre-Tax Profit | 1,354,000 | 1,145,000 | 1,157,000 | 997,000 | 913,000 | 57,000 | 622,000 | 354,000 | 393,000 | 176,000 | 122,000 | 125,000 | 35,000 | -37,000 |
| Tax | -58,000 | -120,000 | -113,000 | -162,000 | -85,000 | -2,000 | -124,000 | -75,000 | -83,000 | -36,000 | -22,000 | -21,000 | 0 | 12,000 |
| Profit After Tax | 1,296,000 | 1,025,000 | 1,044,000 | 835,000 | 828,000 | 55,000 | 498,000 | 279,000 | 310,000 | 140,000 | 100,000 | 104,000 | 35,000 | -25,000 |
| Dividends Paid | 145,000 | 284,000 | 660,000 | 490,000 | 0 | 2,811,000 | 323,000 | 0 | 250,000 | 67,000 | 182,000 | 0 | 0 | 0 |
| Retained Profit | 1,151,000 | 741,000 | 384,000 | 345,000 | 828,000 | -2,756,000 | 175,000 | 279,000 | 60,000 | 73,000 | -82,000 | 104,000 | 35,000 | -25,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 834,000 | 854,000 | 5,000 | 621,000 | 504,000 | 521,000 | 552,000 | 35,000 | 6,079,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | 28,157,000 | 33,772,000 | 38,361,000 | 42,819,000 | 47,562,000 | 52,298,000 | 57,220,000 | 61,628,000 | 67,193,000 | 65,030,000 | 70,256,000 | 75,041,000 | 79,563,000 | 83,779,000 |
| Total Fixed Assets | 28,157,000 | 33,772,000 | 38,361,000 | 42,819,000 | 47,562,000 | 52,298,000 | 57,220,000 | 61,628,000 | 67,193,000 | 65,030,000 | 70,256,000 | 75,041,000 | 79,563,000 | 83,779,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,756,000 | 3,762,000 | 116,000 | 193,000 | 46,000 | 77,000 | 56,000 | 14,000 | 3,805,000 | 3,604,000 | 3,596,000 | 3,619,000 | 3,676,000 | 3,612,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 92,000 | 312,000 | 3,979,000 | 4,097,000 | 3,889,000 | 3,992,000 | 3,866,000 | 3,882,000 | 209,000 | 254,000 | 200,000 | 128,000 | 169,000 | 146,000 |
| Cash | 2,577,000 | 1,712,000 | 5,297,000 | 1,549,000 | 5,209,000 | 4,414,000 | 6,068,000 | 6,595,000 | 5,844,000 | 5,117,000 | 4,054,000 | 4,039,000 | 3,844,000 | 3,431,000 |
| misc current assets | 4,500,000 | 4,000,000 | 0 | 3,845,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,925,000 | 9,786,000 | 9,392,000 | 9,684,000 | 9,144,000 | 8,483,000 | 9,990,000 | 10,491,000 | 9,858,000 | 8,975,000 | 7,850,000 | 7,786,000 | 7,689,000 | 7,189,000 |
| total assets | 39,082,000 | 43,558,000 | 47,753,000 | 52,503,000 | 56,706,000 | 60,781,000 | 67,210,000 | 72,119,000 | 77,051,000 | 74,005,000 | 78,106,000 | 82,827,000 | 87,252,000 | 90,968,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 4,287,000 | 4,216,000 | 4,242,000 | 4,308,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 3,731,000 | 3,978,000 | 4,120,000 | 4,351,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 339,000 | 600,000 | 928,000 | 137,000 | 499,000 | 671,000 | 429,000 | 116,000 | 169,000 | 129,000 | 10,000 | 102,000 | 312,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 345,000 | 345,000 |
| other short term finances | 512,000 | 1,627,000 | 2,238,000 | 345,000 | 0 | 0 | 0 | 0 | 4,371,000 | 4,092,000 | 4,111,000 | 4,129,000 | 3,911,000 | 3,692,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,154,000 | 801,000 | 758,000 | 2,712,000 | 1,032,000 | 1,005,000 | 989,000 | 2,134,000 | 2,288,000 | 1,233,000 | 1,337,000 | 1,354,000 | 1,506,000 | 1,197,000 |
| total current liabilities | 5,397,000 | 6,745,000 | 7,716,000 | 8,336,000 | 5,456,000 | 5,720,000 | 5,902,000 | 6,871,000 | 6,775,000 | 5,494,000 | 5,577,000 | 5,493,000 | 5,864,000 | 5,546,000 |
| loans | 30,744,000 | 39,059,000 | 46,333,000 | 42,420,000 | 57,497,000 | 64,050,000 | 70,628,000 | 73,312,000 | 79,895,000 | 68,408,000 | 72,499,000 | 76,736,000 | 80,888,000 | 85,156,000 |
| 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 | 8,144,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 344,000 | 1,134,000 | 1,134,000 | 0 | 0 | 0 | 0 | 0 | 486,000 | 492,000 | 293,000 |
| total long term liabilities | 30,744,000 | 39,059,000 | 46,333,000 | 50,908,000 | 58,631,000 | 65,184,000 | 70,628,000 | 73,312,000 | 79,895,000 | 68,408,000 | 72,499,000 | 77,222,000 | 81,380,000 | 85,449,000 |
| total liabilities | 36,141,000 | 45,804,000 | 54,049,000 | 59,244,000 | 64,087,000 | 70,904,000 | 76,530,000 | 80,183,000 | 86,670,000 | 73,902,000 | 78,076,000 | 82,715,000 | 87,244,000 | 90,995,000 |
| net assets | 2,941,000 | -2,246,000 | -6,296,000 | -6,741,000 | -7,381,000 | -10,123,000 | -9,320,000 | -8,064,000 | -9,619,000 | 103,000 | 30,000 | 112,000 | 8,000 | -27,000 |
| total shareholders funds | 2,941,000 | -2,246,000 | -6,296,000 | -6,741,000 | -7,381,000 | -10,123,000 | -9,320,000 | -8,064,000 | -9,619,000 | 103,000 | 30,000 | 112,000 | 8,000 | -27,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 834,000 | 854,000 | 5,000 | 621,000 | 504,000 | 521,000 | 552,000 | 35,000 | 6,079,000 | |||||
| Depreciation | 0 | 0 | 0 | 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 |
| Tax | -58,000 | -120,000 | -113,000 | -162,000 | -85,000 | -2,000 | -124,000 | -75,000 | -83,000 | -36,000 | -22,000 | -21,000 | 0 | 12,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,841,000 | -4,610,000 | -4,653,000 | -4,388,000 | -4,870,000 | -4,775,000 | -4,382,000 | -5,683,000 | 2,319,000 | -5,164,000 | -4,736,000 | -4,620,000 | -4,129,000 | 87,537,000 |
| Creditors | -339,000 | -261,000 | -328,000 | 791,000 | -362,000 | -172,000 | 242,000 | 313,000 | -53,000 | 40,000 | 119,000 | -92,000 | -210,000 | 312,000 |
| Accruals and Deferred Income | 353,000 | 43,000 | -1,954,000 | 1,680,000 | 27,000 | 16,000 | -1,145,000 | -154,000 | 1,055,000 | -104,000 | -17,000 | -152,000 | 309,000 | 1,197,000 |
| Deferred Taxes & Provisions | 0 | 0 | -344,000 | -790,000 | 0 | 1,134,000 | 0 | 0 | 0 | 0 | -486,000 | -6,000 | 199,000 | 293,000 |
| Cash flow from operations | 6,741,000 | 5,304,000 | 5,756,000 | 3,976,000 | 5,568,000 | 4,851,000 | 4,901,000 | 4,462,000 | -79,644,000 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -247,000 | -142,000 | -231,000 | 4,351,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -345,000 | 0 | 345,000 |
| Other Short Term Loans | -1,115,000 | -611,000 | 1,893,000 | 345,000 | 0 | 0 | 0 | -4,371,000 | 279,000 | -19,000 | -18,000 | 218,000 | 219,000 | 3,692,000 |
| Long term loans | -8,315,000 | -7,274,000 | 3,913,000 | -15,077,000 | -6,553,000 | -6,578,000 | -2,684,000 | -6,583,000 | 11,487,000 | -4,091,000 | -4,237,000 | -4,152,000 | -4,268,000 | 85,156,000 |
| 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 | -8,144,000 | 8,144,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 318,000 | 222,000 | 167,000 | 163,000 | 59,000 | 52,000 | 1,000 | -33,000 | -54,000 | -328,000 | -399,000 | -427,000 | -515,000 | -6,116,000 |
| cash flow from financing | -5,323,000 | -4,496,000 | -2,341,000 | -1,779,000 | -4,580,000 | -4,573,000 | -4,114,000 | -9,711,000 | 1,930,000 | -4,438,000 | -4,654,000 | -4,706,000 | -4,564,000 | 83,075,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 865,000 | -3,585,000 | 3,748,000 | -3,660,000 | 795,000 | -1,654,000 | -527,000 | 751,000 | 727,000 | 1,063,000 | 15,000 | 195,000 | 413,000 | 3,431,000 |
| overdraft | 0 | 0 | 0 | -4,287,000 | 71,000 | -26,000 | -66,000 | 4,308,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 865,000 | -3,585,000 | 3,748,000 | 627,000 | 724,000 | -1,628,000 | -461,000 | -3,557,000 | 727,000 | 1,063,000 | 15,000 | 195,000 | 413,000 | 3,431,000 |
P&L
December 2022turnover
5.4m
0%
operating profit
5.3m
0%
gross margin
19.3%
+12.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.9m
-2.31%
total assets
39.1m
-0.1%
cash
2.6m
+0.51%
net assets
Total assets minus all liabilities
modern schools (exeter) limited company details
company number
05047731
Type
Private limited with Share Capital
industry
41100 - Development of building projects
68320 - Management of real estate on a fee or contract basis
incorporation date
February 2004
age
20
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
8 white oak square, london road, swanley, kent, BR8 7AG
last accounts submitted
December 2022
modern schools (exeter) 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 modern schools (exeter) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
modern schools (exeter) limited Companies House Filings - See Documents
| date | description | view/download |
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