worthy associates ltd
worthy associates ltd Company Information
Company Number
05550040
Registered Address
2 longrood road, bilton, rugby, CV22 7RG
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
01788817820
Next Accounts Due
May 2026
Group Structure
View All
Shareholders
stuart nigel esworthy 100%
worthy associates ltd Estimated Valuation
Pomanda estimates the enterprise value of WORTHY ASSOCIATES LTD at £27.8k based on a Turnover of £71.4k and 0.39x industry multiple (adjusted for size and gross margin).
worthy associates ltd Estimated Valuation
Pomanda estimates the enterprise value of WORTHY ASSOCIATES LTD at £0 based on an EBITDA of £-1.7k and a 3.17x industry multiple (adjusted for size and gross margin).
worthy associates ltd Estimated Valuation
Pomanda estimates the enterprise value of WORTHY ASSOCIATES LTD at £0 based on Net Assets of £-6.9k and 2.27x industry multiple (adjusted for liquidity).
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Worthy Associates Ltd Overview
Worthy Associates Ltd is a live company located in rugby, CV22 7RG with a Companies House number of 05550040. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in August 2005, it's largest shareholder is stuart nigel esworthy with a 100% stake. Worthy Associates Ltd is a established, micro sized company, Pomanda has estimated its turnover at £71.4k with declining growth in recent years.
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Worthy Associates Ltd Health Check
Pomanda's financial health check has awarded Worthy Associates Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £71.4k, make it smaller than the average company (£3.1m)
- Worthy Associates Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (9.2%)
- Worthy Associates Ltd
9.2% - Industry AVG
Production
with a gross margin of 25.5%, this company has a higher cost of product (46.5%)
- Worthy Associates Ltd
46.5% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (5.7%)
- Worthy Associates Ltd
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (25)
2 - Worthy Associates Ltd
25 - Industry AVG
Pay Structure
on an average salary of £54.3k, the company has an equivalent pay structure (£54.3k)
- Worthy Associates Ltd
£54.3k - Industry AVG
Efficiency
resulting in sales per employee of £35.7k, this is less efficient (£124k)
- Worthy Associates Ltd
£124k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (52 days)
- Worthy Associates Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (30 days)
- Worthy Associates Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Worthy Associates Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Worthy Associates Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 180.3%, this is a higher level of debt than the average (51.3%)
180.3% - Worthy Associates Ltd
51.3% - Industry AVG
WORTHY ASSOCIATES LTD financials
Worthy Associates Ltd's latest turnover from August 2024 is estimated at £71.4 thousand and the company has net assets of -£6.9 thousand. According to their latest financial statements, Worthy Associates Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 65,759 | 58,716 | 74,585 | 100,548 | ||||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | 22,479 | 21,548 | 44,450 | 51,731 | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | ||||||||||||
| Interest Receivable | 8 | 4 | 6 | 46 | ||||||||||||
| Pre-Tax Profit | 22,487 | 21,552 | 44,456 | 51,777 | ||||||||||||
| Tax | -4,475 | -4,476 | -9,377 | -10,822 | ||||||||||||
| Profit After Tax | 18,012 | 17,076 | 35,079 | 40,955 | ||||||||||||
| Dividends Paid | 17,000 | 10,000 | 40,000 | 40,000 | ||||||||||||
| Retained Profit | 1,012 | 7,076 | -4,921 | 955 | ||||||||||||
| Employee Costs | ||||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* | 22,808 | 21,875 | 44,885 | 52,288 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 99 | 121 | 148 | 180 | 219 | 215 | 262 | 319 | 389 | 474 | 592 | 740 | 986 | 980 | 1,307 | 1,673 |
| Intangible Assets | 0 | 0 | 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 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 99 | 121 | 148 | 180 | 219 | 215 | 262 | 319 | 389 | 474 | 592 | 740 | 986 | 980 | 1,307 | 1,673 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,551 | 18,934 | 2,311 | 29,254 | 8,027 | 1,768 | 12,873 | 0 | 0 | 0 | 0 | 0 | 8,072 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,877 | 5,494 | 4,339 | 2,718 | 7,498 | 0 | 8,469 | 8,971 | 8,871 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,551 | 18,934 | 2,311 | 29,254 | 8,027 | 1,768 | 12,873 | 4,877 | 5,494 | 4,339 | 2,718 | 7,498 | 8,072 | 8,469 | 8,971 | 8,871 |
| total assets | 8,650 | 19,055 | 2,459 | 29,434 | 8,246 | 1,983 | 13,135 | 5,196 | 5,883 | 4,813 | 3,310 | 8,238 | 9,058 | 9,449 | 10,278 | 10,544 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 |
| Trade Creditors | 15,596 | 24,314 | 9,148 | 24,376 | 25,619 | 19,331 | 24,296 | 15,416 | 15,658 | 13,878 | 11,272 | 13,098 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,509 | 2,275 | 4,816 | 1,477 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,249 | 7,886 | 13,250 | 11,934 |
| total current liabilities | 15,596 | 24,314 | 9,148 | 24,376 | 25,619 | 19,331 | 24,296 | 15,416 | 15,658 | 13,878 | 11,272 | 13,098 | 8,758 | 10,161 | 18,066 | 13,411 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 15,596 | 24,314 | 9,148 | 24,376 | 25,619 | 19,331 | 24,296 | 15,416 | 15,658 | 13,878 | 11,272 | 13,098 | 8,758 | 10,161 | 18,066 | 13,411 |
| net assets | -6,946 | -5,259 | -6,689 | 5,058 | -17,373 | -17,348 | -11,161 | -10,220 | -9,775 | -9,065 | -7,962 | -4,860 | 300 | -712 | -7,788 | -2,867 |
| total shareholders funds | -6,946 | -5,259 | -6,689 | 5,058 | -17,373 | -17,348 | -11,161 | -10,220 | -9,775 | -9,065 | -7,962 | -4,860 | 300 | -712 | -7,788 | -2,867 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 22,479 | 21,548 | 44,450 | 51,731 | ||||||||||||
| Depreciation | 85 | 118 | 148 | 246 | 329 | 327 | 435 | 557 | ||||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Tax | -4,475 | -4,476 | -9,377 | -10,822 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,383 | 16,623 | -26,943 | 21,227 | 6,259 | -11,105 | 12,873 | 0 | 0 | 0 | 0 | -8,072 | 8,072 | 0 | 0 | 0 |
| Creditors | -8,718 | 15,166 | -15,228 | -1,243 | 6,288 | -4,965 | 8,880 | -242 | 1,780 | 2,606 | -1,826 | 13,098 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,249 | -637 | -5,364 | 1,316 | 11,934 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,624 | 12,035 | 36,824 | 53,400 | ||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,509 | -766 | -2,541 | 3,339 | 1,477 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | 8 | 4 | 6 | 46 | ||||||||||||
| cash flow from financing | -758 | -2,537 | 3,345 | -2,299 | ||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -4,877 | -617 | 1,155 | 1,621 | -4,780 | 7,498 | -8,469 | -502 | 100 | 8,871 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -4,877 | -617 | 1,155 | 1,621 | -4,780 | 7,498 | -8,469 | -502 | 100 | 8,871 |
worthy associates ltd Credit Report and Business Information
Worthy Associates Ltd Competitor Analysis
Perform a competitor analysis for worthy associates ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CV22 area or any other competitors across 12 key performance metrics.
worthy associates ltd Ownership
WORTHY ASSOCIATES LTD group structure
Worthy Associates Ltd has no subsidiary companies.
Ultimate parent company
WORTHY ASSOCIATES LTD
05550040
worthy associates ltd directors
Worthy Associates Ltd currently has 2 directors. The longest serving directors include Mrs Sarah Esworthy (Aug 2005) and Mr Stuart Esworthy (Aug 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Esworthy | 58 years | Aug 2005 | - | Director | |
| Mr Stuart Esworthy | 66 years | Aug 2005 | - | Director |
P&L
August 2024turnover
71.4k
-18%
operating profit
-1.7k
0%
gross margin
25.6%
+5.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
-6.9k
+0.32%
total assets
8.7k
-0.55%
cash
0
0%
net assets
Total assets minus all liabilities
worthy associates ltd company details
company number
05550040
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
August 2005
age
19
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2024
previous names
N/A
accountant
-
auditor
-
address
2 longrood road, bilton, rugby, CV22 7RG
Bank
ALLIANCE & LEICESTER PLC
Legal Advisor
-
worthy associates ltd 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 worthy associates ltd.
worthy associates ltd Companies House Filings - See Documents
| date | description | view/download |
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