Pomanda estimates the enterprise value of OPEN AWARDS at £2m based on a Turnover of £3.1m and 0.63x industry multiple (adjusted for size and gross margin).
open awardsEstimated Valuation
£851.9k
Pomanda estimates the enterprise value of OPEN AWARDS at £851.9k based on an EBITDA of £226.3k and a 3.77x industry multiple (adjusted for size and gross margin).
open awardsEstimated Valuation
£10.1m
Pomanda estimates the enterprise value of OPEN AWARDS at £10.1m based on Net Assets of £4.6m and 2.21x industry multiple (adjusted for liquidity).
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Open AwardsOverview
Open Awards is a live company located in liverpool, L24 8RN with a Companies House number of 05462874. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in May 2005, it's largest shareholder is
unknown.
Open Awards is a mature,
small sized company, Pomanda has estimated its turnover at
£3.1m with
low
growth in recent years.
Pomanda's financial health check has awarded Open Awards a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
4 Strong
5 Regular
2 Weak
Size
annual sales of £3.1m, make it larger than the average company (£533.3k)
£3.1m - Open Awards
£533.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.9%)
3% - Open Awards
8.9% - Industry AVG
Production
with a gross margin of 56.2%, this company has a comparable cost of product (56.2%)
56.2% - Open Awards
56.2% - Industry AVG
Profitability
an operating margin of 4.2% make it as profitable than the average company (4.6%)
4.2% - Open Awards
4.6% - Industry AVG
Employees
with 56 employees, this is above the industry average (14)
56 - Open Awards
14 - Industry AVG
Pay Structure
on an average salary of £35.1k, the company has an equivalent pay structure (£30.1k)
£35.1k - Open Awards
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £55.4k, this is equally as efficient (£54.3k)
£55.4k - Open Awards
£54.3k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is near the average (18 days)
20 days - Open Awards
18 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (23 days)
13 days - Open Awards
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Open Awards
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 146 weeks, this is more cash available to meet short term requirements (104 weeks)
146 weeks - Open Awards
104 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.6%, this is a lower level of debt than the average (23.8%)
9.6% - Open Awards
23.8% - Industry AVG
OPEN AWARDS financials
EXPORT
Open Awards's latest turnover from July 2024 is £3.1 million and the company has net assets of £4.6 million. According to their latest financial statements, Open Awards has 56 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Turnover
3,100,787
2,601,093
3,127,892
2,853,209
2,241,808
1,433,679
1,307,996
1,246,962
1,117,876
1,315,553
1,684,573
1,553,341
1,674,827
1,892,988
1,634,339
1,792,071
Other Income Or Grants
Cost Of Sales
1,358,460
1,123,952
1,362,918
1,375,655
1,086,480
737,409
683,701
639,526
550,345
646,384
880,393
797,566
821,474
948,781
814,500
Gross Profit
1,742,327
1,477,141
1,764,974
1,477,554
1,155,328
696,270
624,295
607,436
567,531
669,169
804,180
755,775
853,353
944,207
819,839
Admin Expenses
1,611,353
1,844,914
1,028,539
-32,009
632,254
625,634
450,695
732,605
849,609
968,536
616,758
1,481,464
690,972
240,026
157,754
-981,153
Operating Profit
130,974
-367,773
736,435
1,509,563
523,074
70,636
173,600
-125,169
-282,078
-299,367
187,422
-725,689
162,381
704,181
662,085
981,153
Interest Payable
2,040
Interest Receivable
Pre-Tax Profit
151,948
-280,515
614,480
1,223,757
424,341
60,359
142,611
-123,980
-279,204
-294,885
152,274
-719,600
128,691
526,051
472,534
699,893
Tax
Profit After Tax
151,948
-280,515
614,480
1,223,757
424,341
60,359
142,611
-123,980
-279,204
-294,885
152,274
-719,600
128,691
526,051
472,534
699,893
Dividends Paid
Retained Profit
151,948
-280,515
614,480
1,223,757
424,341
60,359
142,611
-123,980
-279,204
-294,885
152,274
-719,600
128,691
526,051
472,534
699,893
Employee Costs
1,967,605
1,903,457
1,688,138
1,352,809
1,284,253
914,206
789,051
1,024,220
1,036,895
1,140,829
1,056,733
1,160,659
1,051,237
923,817
807,128
767,977
Number Of Employees
56
59
50
41
39
28
25
26
32
33
30
34
33
29
27
27
EBITDA*
226,257
-299,745
755,680
1,527,460
547,459
87,469
202,377
-92,631
-255,001
-274,248
212,219
-706,957
232,487
780,325
726,979
1,047,360
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Tangible Assets
187,230
205,704
212,204
222,656
197,280
208,467
217,646
238,540
264,213
285,304
290,920
299,697
997,793
1,063,845
1,133,935
1,152,030
Intangible Assets
572,322
646,880
5,880
5,880
572
7,436
14,300
20,592
Investments & Other
2,555,315
2,241,207
2,229,379
2,314,269
1,632,557
1,633,941
1,445,647
1,391,713
1,332,972
1,325,681
1,102,020
1,037,062
512,622
486,466
Debtors (Due After 1 year)
Total Fixed Assets
3,314,867
3,093,791
2,447,463
2,542,805
1,829,837
1,842,408
1,663,865
1,637,689
1,611,485
1,631,577
1,392,940
1,336,759
1,510,415
1,550,311
1,133,935
1,152,030
Stock & work in progress
Trade Debtors
173,443
271,685
209,474
228,190
24,695
47,607
120,567
78,250
66,835
59,192
114,498
127,897
148,573
178,033
155,753
209,099
Group Debtors
Misc Debtors
192,960
266,086
370,715
156,914
94,444
129,394
129,808
117,995
126,253
160,831
201,805
91,310
177,291
121,296
97,828
207,744
Cash
1,367,554
1,360,956
2,129,354
1,419,811
1,076,643
531,054
503,927
481,111
470,325
679,292
1,113,457
1,018,657
1,416,854
1,362,984
1,316,416
1,084,845
misc current assets
total current assets
1,733,957
1,898,727
2,709,543
1,804,915
1,195,782
708,055
754,302
677,356
663,413
899,315
1,429,760
1,237,864
1,742,718
1,662,313
1,569,997
1,501,688
total assets
5,048,824
4,992,518
5,157,006
4,347,720
3,025,619
2,550,463
2,418,167
2,315,045
2,274,898
2,530,892
2,822,700
2,574,623
3,253,133
3,212,624
2,703,932
2,653,718
Bank overdraft
Bank loan
40,000
Trade Creditors
51,612
49,001
122,723
54,377
35,571
39,975
35,790
16,084
20,524
10,600
24,238
49,087
24,776
38,480
74,308
110,586
Group/Directors Accounts
other short term finances
hp & lease commitments
1,296
2,736
2,784
other current liabilities
432,744
455,997
339,952
210,660
128,290
80,031
90,297
196,954
78,035
105,390
100,057
34,850
35,200
132,060
103,844
127,085
total current liabilities
484,356
504,998
463,971
267,773
166,645
120,006
126,087
213,038
98,559
115,990
124,295
83,937
59,976
170,540
178,152
277,671
loans
322,800
hp & lease commitments
1,392
4,176
Accruals and Deferred Income
other liabilities
75,000
provisions
total long term liabilities
75,000
1,392
4,176
322,800
total liabilities
484,356
579,998
463,971
269,165
170,821
120,006
126,087
213,038
98,559
115,990
124,295
83,937
59,976
170,540
178,152
600,471
net assets
4,564,468
4,412,520
4,693,035
4,078,555
2,854,798
2,430,457
2,292,080
2,102,007
2,176,339
2,414,902
2,698,405
2,490,686
3,193,157
3,042,084
2,525,780
2,053,247
total shareholders funds
4,564,468
4,412,520
4,693,035
4,078,555
2,854,798
2,430,457
2,292,080
2,102,007
2,176,339
2,414,902
2,698,405
2,490,686
3,193,157
3,042,084
2,525,780
2,053,247
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Operating Activities
Operating Profit
130,974
-367,773
736,435
1,509,563
523,074
70,636
173,600
-125,169
-282,078
-299,367
187,422
-725,689
162,381
704,181
662,085
981,153
Depreciation
20,725
22,243
19,245
17,897
24,385
16,261
21,913
25,674
27,077
25,119
24,797
18,732
70,106
76,144
64,894
66,207
Amortisation
74,558
45,785
572
6,864
6,864
Tax
Stock
Debtors
-171,368
-42,418
195,085
265,965
-57,862
-73,374
54,130
3,157
-26,935
-96,280
97,096
-106,657
26,535
45,748
-163,262
416,843
Creditors
2,611
-73,722
68,346
18,806
-4,404
4,185
19,706
-4,440
9,924
-13,638
-24,849
24,311
-13,704
-35,828
-36,278
110,586
Accruals and Deferred Income
-23,253
116,045
129,292
82,370
48,259
-10,266
-106,657
118,919
-27,355
5,333
65,207
-350
-96,860
28,216
-23,241
127,085
Deferred Taxes & Provisions
Cash flow from operations
376,983
-215,004
758,233
1,362,671
649,176
154,762
61,296
18,691
-245,497
-186,273
155,481
-576,339
95,388
726,965
830,722
868,188
Investing Activities
capital expenditure
-859,040
-7,492
-9,093
27,289
-282,921
-16,020
679,364
-4,054
-6,054
-46,799
-1,218,237
Change in Investments
314,108
11,828
-84,890
681,712
-1,384
188,294
53,934
58,741
7,291
223,661
64,958
524,440
26,156
486,466
cash flow from investments
-314,108
-11,828
84,890
-681,712
1,384
-1,047,334
-61,426
-67,834
19,998
-506,582
-80,978
154,924
-30,210
-492,520
-46,799
-1,218,237
Financing Activities
Bank loans
-40,000
40,000
Group/Directors Accounts
Other Short Term Loans
Long term loans
-322,800
322,800
Hire Purchase and Lease Commitments
-1,296
-2,832
-2,832
6,960
other long term liabilities
-75,000
75,000
share issue
78,018
47,462
49,648
40,641
11,382
55,445
17,129
22,382
-9,747
-1
1,353,354
interest
-2,040
cash flow from financing
-75,000
73,704
-2,832
-2,832
6,960
78,018
47,462
49,648
40,641
11,382
55,445
17,129
22,382
-9,747
-364,841
1,716,154
cash and cash equivalents
cash
6,598
-768,398
709,543
343,168
545,589
27,127
22,816
10,786
-208,967
-434,165
94,800
-398,197
53,870
46,568
231,571
1,084,845
overdraft
change in cash
6,598
-768,398
709,543
343,168
545,589
27,127
22,816
10,786
-208,967
-434,165
94,800
-398,197
53,870
46,568
231,571
1,084,845
open awards 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 open awards. Get real-time insights into open awards's credit score, group structure and payment trends.
Perform a competitor analysis for open awards by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in L24 area or any other competitors across 12 key performance metrics.
open awards Ownership
OPEN AWARDS group structure
Open Awards has no subsidiary companies.
Ultimate parent company
OPEN AWARDS
05462874
OPEN AWARDS Shareholders
The sole shareholder of Open Awards is -.
-
-
open awards directors
Open Awards currently has 11 directors.
The longest serving directors include
Mrs Nicola Mailey (Jun 2016) and
Dr Andrew Stott (Apr 2019).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
May 2005
age
20
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
July 2024
previous names
open college network north west region (August 2017)
accountant
-
auditor
DSG AUDIT
address
17 de havilland drive, estuary commerce park speke, liverpool, L24 8RN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BRABNERS LLP
open awards 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 2 charges/mortgages relating to open awards. Currently there are 0 open charges and 2 have been satisfied in the past.
open awards 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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open awardsCompanies House Filings - See Documents
