Open Hands Trust (leicester)

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open hands trust (leicester) Company Information

Live

EstablishedMicroHealthy

Company Number

05903490

Website

http://openhandsleicester.org.uk

Registered Address

19 lower willow street, leicester, LE1 2HP

Industry

Other social work activities without accommodation n.e.c.

Pre-primary education

Telephone

01162558672

Next Accounts Due

December 2024

Group Structure

View All

Directors

David Hind16 Years

Susan Hind15 Years

View All

Shareholders

-0%

open hands trust (leicester) Estimated Valuation

£230k

Pomanda estimates the enterprise value of OPEN HANDS TRUST (LEICESTER) at £230k based on a Turnover of £421.8k and 0.55x industry multiple (adjusted for size and gross margin).

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Open Hands Trust (leicester) is a live company located in leicester, LE1 2HP with a Companies House number of 05903490. It operates in the pre-primary education sector, SIC Code 85100. Founded in August 2006, it's largest shareholder is unknown. Open Hands Trust (leicester) is a established, micro sized company, Pomanda has estimated its turnover at £421.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded Open Hands Trust (Leicester) a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £421.8k, make it smaller than the average company (£579k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.7%)

EXPORT

Open Hands Trust (Leicester)'s latest turnover from December 2022 is £421.8 thousand and the company has net assets of £396 thousand. According to their latest financial statements, Open Hands Trust (Leicester) has 19 employees and maintains cash reserves of £117.8 thousand 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	421,789	597,954	496,525	313,441	326,059	395,175	329,078	227,207	204,167	163,776	159,964	108,957	68,569	83,184
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	229,399	335,899	279,310	172,323	179,603	222,211	178,094	122,334	112,939	88,694	85,753	60,428	37,976	66,547
Gross Profit	192,390	262,055	217,215	141,118	146,456	172,964	150,984	104,873	91,228	75,082	74,211	48,529	30,593	16,637
Admin Expenses	215,015	36,469	25,720	157,237	124,739	141,024	163,651	91,856	66,145	75,175	63,550	39,315	37,143	5,987
Operating Profit	-22,625	225,586	191,495	-16,119	21,717	31,940	-12,667	13,017	25,083	-93	10,661	9,214	-6,550	10,650
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-18,374	183,062	155,217	-15,679	17,975	26,130	-12,516	10,584	19,896	1	8,168	6,862	-6,520	7,676
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-18,374	183,062	155,217	-15,679	17,975	26,130	-12,516	10,584	19,896	1	8,168	6,862	-6,520	7,676
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-18,374	183,062	155,217	-15,679	17,975	26,130	-12,516	10,584	19,896	1	8,168	6,862	-6,520	7,676
Employee Costs	274,048	264,021	232,954	211,283	191,665	189,812	74,876	115,791	86,161	54,389	24,528	24,263	23,021	21,963
Number Of Employees	19	18	16	18	19	26	20	18	20	15	10	7	7	8
EBITDA*	16,130	239,095	201,608	-3,677	34,058	44,392	-5,904	17,448	28,803	606	11,482	9,820	-6,058	10,795

* 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	317,738	345,219	2,644	12,757	24,792	37,908	9,287	6,732	11,163	3,960	4,659	3,439	2,790	819
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	1	1	1	1	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
Total Fixed Assets	317,739	345,220	2,645	12,758	24,793	37,909	9,287	6,732	11,163	3,960	4,659	3,439	2,790	819
Stock & work in progress	0	0	0	0	0	0	2,683	0	0	0	0	0	0	0
Trade Debtors	1,681	0	283	0	0	0	0	0	0	0	0	0	0	698
Group Debtors	0	0	0	5,000	17,178	14,539	0	0	0	0	0	0	0	0
Misc Debtors	9,276	8,621	38,761	12,037	9,404	13,367	488	2,409	99	662	9,020	500	3,915	12,697
Cash	117,828	125,058	208,200	54,194	63,234	63,343	64,549	72,995	45,008	27,755	27,648	28,069	21,039	18,086
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	128,785	133,679	247,244	71,231	78,663	91,249	67,720	75,404	45,107	28,417	36,668	28,569	24,954	31,481
total assets	446,524	478,899	249,889	83,989	103,456	129,158	77,007	82,136	56,270	32,377	41,327	32,008	27,744	32,300
Bank overdraft	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
Trade Creditors	8,770	20,520	11,732	1,602	1,888	12,529	2,916	884	3,301	350	8,750	402	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	9,000	9,000
other short term finances	0	0	0	0	0	0	0	682	1,836	624	733	902	1,046	1,036
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	41,797	44,048	6,888	6,335	9,837	42,873	26,465	20,428	1,575	1,741	2,183	9,211	3,067	1,113
total current liabilities	50,567	64,568	18,620	7,937	11,725	55,402	29,381	21,994	6,712	2,715	11,666	10,515	13,113	11,149
loans	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
Accruals and Deferred Income	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
provisions	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
total liabilities	50,567	64,568	18,620	7,937	11,725	55,402	29,381	21,994	6,712	2,715	11,666	10,515	13,113	11,149
net assets	395,957	414,331	231,269	76,052	91,731	73,756	47,626	60,142	49,558	29,662	29,661	21,493	14,631	21,151
total shareholders funds	395,957	414,331	231,269	76,052	91,731	73,756	47,626	60,142	49,558	29,662	29,661	21,493	14,631	21,151

	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	-22,625	225,586	191,495	-16,119	21,717	31,940	-12,667	13,017	25,083	-93	10,661	9,214	-6,550	10,650
Depreciation	38,754	13,509	10,113	12,442	12,341	12,452	6,763	4,431	3,720	699	821	606	492	145
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	-2,683	2,683	0	0	0	0	0	0	0
Debtors	2,336	-30,423	22,007	-9,545	-1,324	27,418	-1,921	2,310	-563	-8,358	8,520	-3,415	-9,480	13,395
Creditors	-11,750	8,788	10,130	-286	-10,641	9,613	2,032	-2,417	2,951	-8,400	8,348	402	0	0
Accruals and Deferred Income	-2,251	37,160	553	-3,502	-33,036	16,408	6,037	18,853	-166	-442	-7,028	6,144	1,954	1,113
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-208	315,466	190,284	2,080	-8,295	45,678	1,403	31,574	32,151	122	4,282	19,781	5,376	-1,487
Investing Activities
capital expenditure	0	0	0	-407	775	-41,073	-9,318	0	-10,923	0	-2,041	-1,255	-2,463	-964
Change in Investments	0	0	0	0	0	1	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-407	775	-41,074	-9,318	0	-10,923	0	-2,041	-1,255	-2,463	-964
Financing Activities
Bank loans	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	-9,000	0	9,000
Other Short Term Loans	0	0	0	0	0	0	-682	-1,154	1,212	-109	-169	-144	10	1,036
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	13,475
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	0	0	0	0	0	0	-682	-1,154	1,212	-109	-169	-9,144	10	23,511
cash and cash equivalents
cash	-7,230	-83,142	154,006	-9,040	-109	-1,206	-8,446	27,987	17,253	107	-421	7,030	2,953	18,086
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-7,230	-83,142	154,006	-9,040	-109	-1,206	-8,446	27,987	17,253	107	-421	7,030	2,953	18,086

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for open hands trust (leicester) by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in LE1 area or any other competitors across 12 key performance metrics.

OPEN HANDS TRUST (LEICESTER) group structure

Open Hands Trust (Leicester) has no subsidiary companies.

Ultimate parent company

OPEN HANDS TRUST (LEICESTER)

05903490

OPEN HANDS TRUST (LEICESTER) Shareholders

Open Hands Trust (Leicester) currently has 6 directors. The longest serving directors include Mr David Hind (Jan 2008) and Susan Hind (Nov 2008).

officer	country	age	start	end	role
Mr David Hind	England	58 years	Jan 2008	-	Director
Susan Hind	England	64 years	Nov 2008	-	Director
Mr David Bennett	England	58 years	Jun 2012	-	Director
Mr Colin Jewitt	England	71 years	Apr 2014	-	Director
Mrs Christina Gardiner	England	34 years	Jul 2019	-	Director
Professor James Saker		71 years	Jan 2020	-	Director

P&L

December 2022

turnover

421.8k

-29%

operating profit

-22.6k

gross margin

45.7%

+4.08%

turnover

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

Balance Sheet

December 2022

net assets

396k

-0.04%

total assets

446.5k

-0.07%

cash

117.8k

-0.06%

net assets

Total assets minus all liabilities

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company number

05903490

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

88990 - Other social work activities without accommodation n.e.c.

85100 - Pre-primary education

incorporation date

August 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

19 lower willow street, leicester, LE1 2HP

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 open hands trust (leicester).

open hands trust (leicester) Company Information

open hands trust (leicester) Estimated Valuation

open hands trust (leicester) Estimated Valuation

open hands trust (leicester) Estimated Valuation

Open Hands Trust (leicester) Overview

Open Hands Trust (leicester) Health Check

OPEN HANDS TRUST (LEICESTER) financials

open hands trust (leicester) Credit Report and Business Information

Open Hands Trust (leicester) Competitor Analysis

open hands trust (leicester) Ownership

open hands trust (leicester) directors

open hands trust (leicester) company details

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