hillsong church london
hillsong church london Company Information
Company Number
05487537
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Activities of religious organisations
Registered Address
35 little russell street, london, WC1A 2HH
Website
www.hillsong.comhillsong church london Estimated Valuation
Pomanda estimates the enterprise value of HILLSONG CHURCH LONDON at £8m based on a Turnover of £10.1m and 0.79x industry multiple (adjusted for size and gross margin).
hillsong church london Estimated Valuation
Pomanda estimates the enterprise value of HILLSONG CHURCH LONDON at £4.1m based on an EBITDA of £1m and a 3.91x industry multiple (adjusted for size and gross margin).
hillsong church london Estimated Valuation
Pomanda estimates the enterprise value of HILLSONG CHURCH LONDON at £21.2m based on Net Assets of £8.6m and 2.45x industry multiple (adjusted for liquidity).
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Hillsong Church London Overview
Hillsong Church London is a live company located in london, WC1A 2HH with a Companies House number of 05487537. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in June 2005, it's largest shareholder is unknown. Hillsong Church London is a mature, mid sized company, Pomanda has estimated its turnover at £10.1m with declining growth in recent years.
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Hillsong Church London Health Check
Pomanda's financial health check has awarded Hillsong Church London a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £10.1m, make it larger than the average company (£318.3k)
£10.1m - Hillsong Church London
£318.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (3.5%)
-12% - Hillsong Church London
3.5% - Industry AVG
Production
with a gross margin of 88%, this company has a comparable cost of product (88%)
88% - Hillsong Church London
88% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (0.9%)
0.6% - Hillsong Church London
0.9% - Industry AVG
Employees
with 75 employees, this is above the industry average (6)
75 - Hillsong Church London
6 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has a higher pay structure (£23.8k)
£41.9k - Hillsong Church London
£23.8k - Industry AVG
Efficiency
resulting in sales per employee of £134.4k, this is more efficient (£63.6k)
£134.4k - Hillsong Church London
£63.6k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is near the average (5 days)
4 days - Hillsong Church London
5 days - Industry AVG
Creditor Days
its suppliers are paid after 202 days, this is slower than average (23 days)
202 days - Hillsong Church London
23 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (18 days)
12 days - Hillsong Church London
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is less cash available to meet short term requirements (353 weeks)
31 weeks - Hillsong Church London
353 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.7%, this is a higher level of debt than the average (5.4%)
45.7% - Hillsong Church London
5.4% - Industry AVG
HILLSONG CHURCH LONDON financials
Hillsong Church London's latest turnover from December 2023 is £10.1 million and the company has net assets of £8.6 million. According to their latest financial statements, Hillsong Church London has 75 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 10,082,491 | 10,841,423 | 12,326,080 | 14,703,388 | 21,045,664 | 19,871,489 | 18,560,618 | 17,605,867 | 14,843,214 | 12,997,094 | 11,650,973 | 10,620,366 | 10,658,107 | 9,852,719 | 4,405,027 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -637,228 | -1,142,628 | -149,023 | 2,161,620 | 1,312,839 | 220,976 | 301,803 | 913,442 | 302,129 | 230,918 | 185,365 | 197,670 | 53,739 | 775,034 | -289,666 |
| Tax | |||||||||||||||
| Profit After Tax | -637,228 | -1,142,628 | -149,023 | 2,161,620 | 1,312,839 | 220,976 | 301,803 | 913,442 | 302,129 | 230,918 | 185,365 | 197,670 | 53,739 | 775,034 | -289,666 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -637,228 | -1,142,628 | -149,023 | 2,161,620 | 1,312,839 | 220,976 | 301,803 | 913,442 | 302,129 | 230,918 | 185,365 | 197,670 | 53,739 | 775,034 | -289,666 |
| Employee Costs | 3,140,753 | 3,378,920 | 3,979,458 | 4,318,469 | 4,360,918 | 4,495,365 | 4,053,640 | 3,553,035 | 3,202,608 | 2,770,090 | 2,226,204 | 2,201,482 | 2,015,736 | 1,727,179 | 741,109 |
| Number Of Employees | 75 | 83 | 100 | 113 | 116 | 124 | 114 | 97 | 83 | 71 | 58 | 58 | 49 | 42 | 37 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 13,822,389 | 16,321,082 | 10,279,453 | 8,614,232 | 8,765,491 | 10,070,534 | 10,074,381 | 9,576,511 | 5,465,369 | 5,378,631 | 3,032,039 | 3,080,596 | 3,164,320 | 2,928,562 | 3,043,915 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 13,822,389 | 16,321,082 | 10,279,453 | 8,614,232 | 8,765,491 | 10,070,534 | 10,074,381 | 9,576,511 | 5,465,369 | 5,378,631 | 3,032,039 | 3,080,596 | 3,164,320 | 2,928,562 | 3,043,915 |
| Stock & work in progress | 42,246 | 42,248 | 68,837 | 90,114 | 76,379 | 106,607 | 64,801 | 68,776 | 98,307 | 32,875 | 68,489 | 89,549 | 63,495 | 119,750 | 86,534 |
| Trade Debtors | 136,447 | 183,763 | 80,402 | 29,160 | 37,278 | 36,332 | 44,652 | 130,537 | 67,294 | 62,008 | 12,410 | 69,798 | 29,770 | 45,257 | 24,751 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 886,161 | 1,193,098 | 1,441,445 | 2,196,299 | 2,093,466 | 1,952,640 | 1,724,402 | 1,613,039 | 1,691,017 | 1,456,904 | 1,193,880 | 978,552 | 565,181 | 489,107 | 508,130 |
| Cash | 1,044,113 | 755,558 | 3,726,273 | 5,658,696 | 4,150,353 | 2,352,194 | 2,374,736 | 2,363,872 | 2,362,473 | 2,144,551 | 2,673,227 | 2,297,215 | 2,462,688 | 3,104,550 | 2,254,442 |
| misc current assets | |||||||||||||||
| total current assets | 2,108,967 | 2,174,667 | 5,316,957 | 7,974,269 | 6,357,476 | 4,447,773 | 4,208,591 | 4,176,224 | 4,219,091 | 3,696,338 | 3,948,006 | 3,435,114 | 3,121,134 | 3,758,664 | 2,873,857 |
| total assets | 15,931,356 | 18,495,749 | 15,596,410 | 16,588,501 | 15,122,967 | 14,518,307 | 14,282,972 | 13,752,735 | 9,684,460 | 9,074,969 | 6,980,045 | 6,515,710 | 6,285,454 | 6,687,226 | 5,917,772 |
| Bank overdraft | |||||||||||||||
| Bank loan | 271,672 | 311,151 | 290,604 | 2,620,651 | 310,841 | 365,700 | 383,791 | 379,142 | 251,140 | 239,605 | 174,285 | 197,749 | 168,472 | 197,747 | 197,748 |
| Trade Creditors | 673,444 | 449,590 | 893,512 | 859,382 | 1,234,969 | 1,251,443 | 1,118,408 | 1,026,386 | 787,273 | 522,631 | 374,669 | 311,468 | 241,305 | 114,218 | 237,093 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 700,000 | ||||||||||||||
| hp & lease commitments | 39,741 | 60,383 | 47,231 | 49,760 | 74,797 | 130,315 | 100,639 | 52,484 | 27,099 | ||||||
| other current liabilities | 757,982 | 1,221,960 | 546,277 | 1,175,989 | 577,043 | 2,043,329 | 1,843,138 | 1,427,215 | 1,304,660 | 1,131,712 | 1,004,295 | 617,160 | 486,229 | 864,774 | 623,611 |
| total current liabilities | 1,742,839 | 2,743,084 | 1,777,624 | 4,705,782 | 2,197,650 | 3,790,787 | 3,445,976 | 2,885,227 | 2,370,172 | 1,893,948 | 1,553,249 | 1,126,377 | 896,006 | 1,176,739 | 1,058,452 |
| loans | 5,537,465 | 6,424,645 | 2,811,320 | 662,800 | 3,209,700 | 3,501,312 | 3,853,905 | 4,236,909 | 1,611,848 | 1,820,332 | 1,285,582 | 1,433,486 | 1,631,271 | 1,767,044 | 1,929,915 |
| hp & lease commitments | 6,443 | 46,183 | 25,445 | 18,502 | 41,092 | 127,179 | 105,038 | 54,339 | 39,622 | 39,004 | |||||
| Accruals and Deferred Income | 557,556 | 627,929 | 1,262,657 | ||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 5,543,908 | 6,470,828 | 3,394,321 | 1,309,231 | 4,513,449 | 3,628,491 | 3,958,943 | 4,291,248 | 1,651,470 | 1,820,332 | 1,285,582 | 1,433,486 | 1,631,271 | 1,806,048 | 1,929,915 |
| total liabilities | 7,286,747 | 9,213,912 | 5,171,945 | 6,015,013 | 6,711,099 | 7,419,278 | 7,404,919 | 7,176,475 | 4,021,642 | 3,714,280 | 2,838,831 | 2,559,863 | 2,527,277 | 2,982,787 | 2,988,367 |
| net assets | 8,644,609 | 9,281,837 | 10,424,465 | 10,573,488 | 8,411,868 | 7,099,029 | 6,878,053 | 6,576,260 | 5,662,818 | 5,360,689 | 4,141,214 | 3,955,847 | 3,758,177 | 3,704,439 | 2,929,405 |
| total shareholders funds | 8,644,609 | 9,281,837 | 10,424,465 | 10,573,488 | 8,411,868 | 7,099,029 | 6,878,053 | 6,576,260 | 5,662,818 | 5,360,689 | 4,141,214 | 3,955,847 | 3,758,177 | 3,704,439 | 2,929,405 |
| Dec 2023 | 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 | |||||||||||||||
| Depreciation | 981,202 | 1,053,957 | 961,207 | 964,238 | 951,120 | 954,157 | 911,589 | 797,068 | 708,115 | 560,491 | 445,068 | 458,867 | 429,960 | 346,867 | 159,945 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -2 | -26,589 | -21,277 | 13,735 | -30,228 | 41,806 | -3,975 | -29,531 | 65,432 | -35,614 | -21,060 | 26,054 | -56,255 | 33,216 | 86,534 |
| Debtors | -354,253 | -144,986 | -703,612 | 94,715 | 141,772 | 219,918 | 25,478 | -14,735 | 239,399 | 312,622 | 157,940 | 453,399 | 60,587 | 1,483 | 532,881 |
| Creditors | 223,854 | -443,922 | 34,130 | -375,587 | -16,474 | 133,035 | 92,022 | 239,113 | 264,642 | 147,962 | 63,201 | 70,163 | 127,087 | -122,875 | 237,093 |
| Accruals and Deferred Income | -463,978 | 118,127 | -700,085 | -35,782 | -203,629 | 200,191 | 415,923 | 122,555 | 172,948 | 127,417 | 387,135 | 130,931 | -378,545 | 241,163 | 623,611 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -782,900 | -1,407,884 | -4,190,556 | -794,857 | -1,946,223 | -570,794 | -543,651 | -869,768 | -192,576 | -209,112 | |||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -782,900 | -1,407,884 | -4,190,556 | -794,857 | -1,946,223 | -570,794 | -543,651 | -869,768 | -192,576 | -209,112 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | -39,479 | 20,547 | -2,330,047 | 2,309,810 | -54,859 | -18,091 | 4,649 | 128,002 | 11,535 | 65,320 | -23,464 | 29,277 | -29,275 | -1 | 197,748 |
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -700,000 | 700,000 | |||||||||||||
| Long term loans | -887,180 | 3,613,325 | 2,148,520 | -2,546,900 | -291,612 | -352,593 | -383,004 | 2,625,061 | -208,484 | 534,750 | -147,904 | -197,785 | -135,773 | -162,871 | 1,929,915 |
| Hire Purchase and Lease Commitments | -60,382 | 33,890 | 4,414 | -47,627 | -141,605 | 51,817 | 98,854 | 40,102 | 66,721 | -39,004 | 39,004 | ||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -1,687,041 | 4,367,762 | -177,113 | -284,717 | -488,076 | -318,867 | -279,511 | 2,793,165 | -130,228 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | 288,555 | -2,970,715 | -1,932,423 | 1,508,343 | 1,798,159 | -22,542 | 10,864 | 1,399 | 217,922 | -528,676 | 376,012 | -165,473 | -641,862 | 850,108 | 2,254,442 |
| overdraft | |||||||||||||||
| change in cash | 288,555 | -2,970,715 | -1,932,423 | 1,508,343 | 1,798,159 | -22,542 | 10,864 | 1,399 | 217,922 | -528,676 | 376,012 | -165,473 | -641,862 | 850,108 | 2,254,442 |
hillsong church london Credit Report and Business Information
Hillsong Church London Competitor Analysis
Perform a competitor analysis for hillsong church london by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in WC1A area or any other competitors across 12 key performance metrics.
hillsong church london Ownership
HILLSONG CHURCH LONDON group structure
Hillsong Church London has 1 subsidiary company.
Ultimate parent company
HILLSONG CHURCH LONDON
05487537
1 subsidiary
hillsong church london directors
Hillsong Church London currently has 7 directors. The longest serving directors include Mr David Whitewood (Jun 2015) and Mr Russell Dacre (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Whitewood | 69 years | Jun 2015 | - | Director | |
| Mr Russell Dacre | United Kingdom | 45 years | Jun 2015 | - | Director |
| Mr Udonna Obi | England | 29 years | Sep 2020 | - | Director |
| Ms Chiamaka Okeke | United Kingdom | 49 years | Sep 2020 | - | Director |
| Mr David Bagheri | United Kingdom | 40 years | Sep 2020 | - | Director |
| Mr David Bagheri | United Kingdom | 40 years | Sep 2020 | - | Director |
| Mr David Bagheri | United Kingdom | 40 years | Sep 2020 | - | Director |
P&L
December 2023turnover
10.1m
-7%
operating profit
60.6k
0%
gross margin
88%
-4.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.6m
-0.07%
total assets
15.9m
-0.14%
cash
1m
+0.38%
net assets
Total assets minus all liabilities
hillsong church london company details
company number
05487537
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
June 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
35 little russell street, london, WC1A 2HH
Bank
BARCLAYS BANK PLC
Legal Advisor
BATES WELLS
hillsong church london 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 8 charges/mortgages relating to hillsong church london. Currently there are 4 open charges and 4 have been satisfied in the past.
hillsong church london 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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hillsong church london Companies House Filings - See Documents
| date | description | view/download |
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