red balloon - norwich

red balloon - norwich Company Information

Share RED BALLOON - NORWICH
Live 
EstablishedSmallDeclining

Company Number

05664446

Industry

General secondary education

 

Shareholders

-

Group Structure

View All

Contact

Registered Address

289 drayton road, norwich, NR3 2PW

red balloon - norwich Estimated Valuation

£413.2k

Pomanda estimates the enterprise value of RED BALLOON - NORWICH at £413.2k based on a Turnover of £539.3k and 0.77x industry multiple (adjusted for size and gross margin).

red balloon - norwich Estimated Valuation

£19.1k

Pomanda estimates the enterprise value of RED BALLOON - NORWICH at £19.1k based on an EBITDA of £4.1k and a 4.65x industry multiple (adjusted for size and gross margin).

red balloon - norwich Estimated Valuation

£1m

Pomanda estimates the enterprise value of RED BALLOON - NORWICH at £1m based on Net Assets of £481k and 2.11x industry multiple (adjusted for liquidity).

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Red Balloon - Norwich Overview

Red Balloon - Norwich is a live company located in norwich, NR3 2PW with a Companies House number of 05664446. It operates in the general secondary education sector, SIC Code 85310. Founded in January 2006, it's largest shareholder is unknown. Red Balloon - Norwich is a established, small sized company, Pomanda has estimated its turnover at £539.3k with declining growth in recent years.

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Red Balloon - Norwich Health Check

Pomanda's financial health check has awarded Red Balloon - Norwich a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £539.3k, make it smaller than the average company (£8.7m)

£539.3k - Red Balloon - Norwich

£8.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.4%)

-6% - Red Balloon - Norwich

6.4% - Industry AVG

production

Production

with a gross margin of 50.5%, this company has a comparable cost of product (50.5%)

50.5% - Red Balloon - Norwich

50.5% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (6%)

0.8% - Red Balloon - Norwich

6% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (147)

10 - Red Balloon - Norwich

147 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.5k, the company has an equivalent pay structure (£41.5k)

£41.5k - Red Balloon - Norwich

£41.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £53.9k, this is equally as efficient (£58.4k)

£53.9k - Red Balloon - Norwich

£58.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 3 days, this is later than average (0 days)

3 days - Red Balloon - Norwich

0 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is slower than average (20 days)

35 days - Red Balloon - Norwich

20 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Red Balloon - Norwich

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 142 weeks, this is more cash available to meet short term requirements (102 weeks)

142 weeks - Red Balloon - Norwich

102 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.8%, this is a higher level of debt than the average (8.4%)

45.8% - Red Balloon - Norwich

8.4% - Industry AVG

RED BALLOON - NORWICH financials

EXPORTms excel logo

Red Balloon - Norwich's latest turnover from August 2023 is £539.3 thousand and the company has net assets of £481 thousand. According to their latest financial statements, we estimate that Red Balloon - Norwich has 10 employees and maintains cash reserves of £174.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover539,291589,636651,513647,949691,970444,41315,763,8144,065,5715,594,00446,296214,583185,976187,086228,801201,706
Other Income Or Grants000000000000000
Cost Of Sales266,953303,769339,062339,922353,248225,1957,961,8472,066,7342,914,35324,222105,94791,56792,946116,1680
Gross Profit272,338285,867312,451308,027338,722219,2187,801,9671,998,8372,679,65122,074108,63694,40994,140112,6330
Admin Expenses268,242224,528260,355186,327153,42575,9167,805,3661,985,1892,668,35165371,210114,038130,128139,7864,484
Operating Profit4,09661,33952,096121,700185,297143,302-3,39913,64811,30021,42137,426-19,629-35,988-27,153-4,484
Interest Payable000000000000000
Interest Receivable0000004512725511000000
Pre-Tax Profit-24,62643,53242,56398,884151,609116,597-3,35413,77511,55521,53228,898-19,518-35,895-26,918-4,317
Tax0000000-2,755-2,311-4,52200000
Profit After Tax-24,62643,53242,56398,884151,609116,597-3,35411,0209,24417,01028,898-19,518-35,895-26,918-4,317
Dividends Paid000000000000000
Retained Profit-24,62643,53242,56398,884151,609116,597-3,35411,0209,24417,01028,898-19,518-35,895-26,918-4,317
Employee Costs415,185448,099506,713477,758490,437344,78111,059,5492,779,7633,803,37437,685148,345104,330119,766157,6080
Number Of Employees10111313141032582104143450
EBITDA*4,09662,74656,360125,964189,561145,756-3,39915,51412,12522,44437,972-15,441-32,415-24,030-1,734

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets700,799700,5351,4075,6719,9356,9617,2978,9875,8142,4771974802,2053,9795,611
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets700,799700,5351,4075,6719,9356,9617,2978,9875,8142,4771974802,2053,9795,611
Stock & work in progress000000000000000
Trade Debtors4,6520000058,15114,78820,269018,6110020,0000
Group Debtors000000000000000
Misc Debtors7,51205223,3330425000000000
Cash174,933334,236471,992429,647327,887171,948035,84065,61736,3317,78233,83410,43026,92666,889
misc current assets000000000000000
total current assets187,097334,236472,514432,980327,887172,37358,15150,62885,88636,33126,39333,83410,43046,92666,889
total assets887,8961,034,771473,921438,651337,822179,33465,44859,61591,70038,80826,59034,31412,63550,90572,500
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 25,8090000013,0183,83144,0143,28800000
Group/Directors Accounts0000000000040,000000
other short term finances27,29027,2900000000000000
hp & lease commitments000000000000000
other current liabilities10,947151,08811,83819,13117,18610,30700008,0804,7023,5055,880557
total current liabilities64,046178,37811,83819,13117,18610,30713,0183,83144,0143,2888,08044,7023,5055,880557
loans342,861350,7780000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities342,861350,7780000000000000
total liabilities406,907529,15611,83819,13117,18610,30713,0183,83144,0143,2888,08044,7023,5055,880557
net assets480,989505,615462,083419,520320,636169,02752,43055,78447,68635,52018,510-10,3889,13045,02571,943
total shareholders funds480,989505,615462,083419,520320,636169,02752,43055,78447,68635,52018,510-10,3889,13045,02571,943
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit4,09661,33952,096121,700185,297143,302-3,39913,64811,30021,42137,426-19,629-35,988-27,153-4,484
Depreciation01,4074,2644,2644,2642,45401,8668251,0235464,1883,5733,1232,750
Amortisation000000000000000
Tax0000000-2,755-2,311-4,52200000
Stock000000000000000
Debtors12,164-522-2,8113,333-425-57,72643,363-5,48120,269-18,61118,6110-20,00020,0000
Creditors25,8090000-13,0189,187-40,18340,7263,28800000
Accruals and Deferred Income-140,141139,250-7,2931,9456,87910,307000-8,0803,3781,197-2,3755,323557
Deferred Taxes & Provisions000000000000000
Cash flow from operations-122,400202,51851,878124,576196,865200,771-37,575-21,94330,27131,74122,739-14,244-14,790-38,707-1,177
Investing Activities
capital expenditure-264-700,53500-7,238-2,1181,690-5,039-4,162-3,303-263-2,463-1,799-1,491-8,361
Change in Investments000000000000000
cash flow from investments-264-700,53500-7,238-2,1181,690-5,039-4,162-3,303-263-2,463-1,799-1,491-8,361
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0000000000-40,00040,000000
Other Short Term Loans 027,2900000000000000
Long term loans-7,917350,7780000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0000000-2,9222,9220000076,260
interest0000004512725511000000
cash flow from financing-7,917378,068000045-2,7953,177110-40,00040,0000076,260
cash and cash equivalents
cash-159,303-137,75642,345101,760155,939171,948-35,840-29,77729,28628,549-26,05223,404-16,496-39,96366,889
overdraft000000000000000
change in cash-159,303-137,75642,345101,760155,939171,948-35,840-29,77729,28628,549-26,05223,404-16,496-39,96366,889

red balloon - norwich Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Red Balloon - Norwich Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for red balloon - norwich by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in NR3 area or any other competitors across 12 key performance metrics.

red balloon - norwich Ownership

RED BALLOON - NORWICH group structure

Red Balloon - Norwich has no subsidiary companies.

Ultimate parent company

RED BALLOON - NORWICH

05664446

RED BALLOON - NORWICH Shareholders

--

red balloon - norwich directors

Red Balloon - Norwich currently has 10 directors. The longest serving directors include Mr Benjamin Aldridge (Nov 2022) and Mrs Miriam Blyth (Dec 2022).

officercountryagestartendrole
Mr Benjamin AldridgeEngland41 years Nov 2022- Director
Mrs Miriam BlythEngland62 years Dec 2022- Director
Ms Emma CulleyEngland50 years Feb 2023- Director
Mr Samuel Ridge-WardEngland29 years May 2024- Director
Mr Robert WalkerEngland76 years Jul 2024- Director
Mr Adam DabinEngland41 years Oct 2024- Director
Mr Wayne MarshallEngland64 years Oct 2024- Director
Mr Peter BolandEngland82 years Nov 2024- Director
Mrs Zelda RolfeEngland65 years Nov 2024- Director
Mr John CloganEngland60 years Nov 2024- Director

P&L

August 2023

turnover

539.3k

-9%

operating profit

4.1k

0%

gross margin

50.5%

+4.16%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

481k

-0.05%

total assets

887.9k

-0.14%

cash

174.9k

-0.48%

net assets

Total assets minus all liabilities

red balloon - norwich company details

company number

05664446

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

85310 - General secondary education

incorporation date

January 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

August 2023

previous names

red balloon (December 2007)

accountant

M.J. RUFFLES

auditor

-

address

289 drayton road, norwich, NR3 2PW

Bank

-

Legal Advisor

-

red balloon - norwich 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 red balloon - norwich. Currently there are 1 open charges and 0 have been satisfied in the past.

red balloon - norwich 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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red balloon - norwich Companies House Filings - See Documents

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