vision-redbridge culture & leisure
vision-redbridge culture & leisure Company Information
Group Structure
View All
Industry
Library activities
+3Registered Address
redbridge central library, clements road, ilford, essex, IG1 1EA
Website
http://vision-rcl.org.ukvision-redbridge culture & leisure Estimated Valuation
Pomanda estimates the enterprise value of VISION-REDBRIDGE CULTURE & LEISURE at £29.6m based on a Turnover of £24.1m and 1.23x industry multiple (adjusted for size and gross margin).
vision-redbridge culture & leisure Estimated Valuation
Pomanda estimates the enterprise value of VISION-REDBRIDGE CULTURE & LEISURE at £1.8m based on an EBITDA of £213.6k and a 8.59x industry multiple (adjusted for size and gross margin).
vision-redbridge culture & leisure Estimated Valuation
Pomanda estimates the enterprise value of VISION-REDBRIDGE CULTURE & LEISURE at £1.6m based on Net Assets of £1m and 1.6x industry multiple (adjusted for liquidity).
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Vision-redbridge Culture & Leisure Overview
Vision-redbridge Culture & Leisure is a live company located in ilford, IG1 1EA with a Companies House number of 06032714. It operates in the operation of arts facilities sector, SIC Code 90040. Founded in December 2006, it's largest shareholder is unknown. Vision-redbridge Culture & Leisure is a established, large sized company, Pomanda has estimated its turnover at £24.1m with healthy growth in recent years.
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Vision-redbridge Culture & Leisure Health Check
Pomanda's financial health check has awarded Vision-Redbridge Culture & Leisure a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £24.1m, make it larger than the average company (£573k)
£24.1m - Vision-redbridge Culture & Leisure
£573k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (9.6%)
8% - Vision-redbridge Culture & Leisure
9.6% - Industry AVG
Production
with a gross margin of 50.5%, this company has a comparable cost of product (50.5%)
50.5% - Vision-redbridge Culture & Leisure
50.5% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (3.5%)
-1.5% - Vision-redbridge Culture & Leisure
3.5% - Industry AVG
Employees
with 660 employees, this is above the industry average (15)
660 - Vision-redbridge Culture & Leisure
15 - Industry AVG
Pay Structure
on an average salary of £21.3k, the company has an equivalent pay structure (£22.1k)
£21.3k - Vision-redbridge Culture & Leisure
£22.1k - Industry AVG
Efficiency
resulting in sales per employee of £36.5k, this is less efficient (£50k)
£36.5k - Vision-redbridge Culture & Leisure
£50k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (8 days)
6 days - Vision-redbridge Culture & Leisure
8 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (36 days)
5 days - Vision-redbridge Culture & Leisure
36 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (16 days)
0 days - Vision-redbridge Culture & Leisure
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (92 weeks)
10 weeks - Vision-redbridge Culture & Leisure
92 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.2%, this is a higher level of debt than the average (25.8%)
67.2% - Vision-redbridge Culture & Leisure
25.8% - Industry AVG
VISION-REDBRIDGE CULTURE & LEISURE financials
Vision-Redbridge Culture & Leisure's latest turnover from March 2024 is £24.1 million and the company has net assets of £1 million. According to their latest financial statements, Vision-Redbridge Culture & Leisure has 660 employees and maintains cash reserves of £430 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,081,000 | 21,287,000 | 31,357,000 | 19,274,000 | 20,056,000 | 19,453,000 | 20,187,000 | 21,039,000 | 17,757,000 | 16,397,000 | 17,979,000 | 17,558,000 | 15,803,000 | 3,676,000 | 3,510,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -330,000 | -1,510,000 | 9,144,000 | 470,000 | -1,039,000 | -1,529,000 | -1,147,000 | 7,000 | 283,000 | -1,013,000 | 465,000 | 1,078,000 | 476,000 | 142,000 | 519,000 |
| Tax | |||||||||||||||
| Profit After Tax | -330,000 | -1,510,000 | 9,144,000 | 470,000 | -1,039,000 | -1,529,000 | -1,147,000 | 7,000 | 283,000 | -1,013,000 | 465,000 | 1,078,000 | 476,000 | 142,000 | 519,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -330,000 | -1,510,000 | 9,144,000 | 470,000 | -1,039,000 | -1,529,000 | -1,147,000 | 7,000 | 283,000 | -1,013,000 | 465,000 | 1,078,000 | 476,000 | 142,000 | 519,000 |
| Employee Costs | 14,074,000 | 12,629,000 | 12,188,000 | 11,665,000 | 13,139,000 | 12,928,000 | 12,386,000 | 11,726,000 | 9,140,000 | 8,573,000 | 8,844,000 | 8,645,000 | 8,254,000 | 1,858,000 | 1,715,000 |
| Number Of Employees | 660 | 646 | 609 | 306 | 769 | 739 | 739 | 683 | 615 | 920 | 922 | 844 | 281 | 164 | 112 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,440,000 | 1,307,000 | 1,217,000 | 1,029,000 | 887,000 | 706,000 | 490,000 | 250,000 | 392,000 | 540,000 | 1,686,000 | 655,000 | 807,000 | 581,000 | 111,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,440,000 | 1,307,000 | 1,217,000 | 1,029,000 | 887,000 | 706,000 | 490,000 | 250,000 | 392,000 | 540,000 | 1,686,000 | 655,000 | 807,000 | 581,000 | 111,000 |
| Stock & work in progress | 29,000 | 29,000 | 25,000 | 30,000 | 22,000 | 30,000 | 34,000 | 68,000 | 74,000 | 80,000 | 54,000 | 41,000 | 26,000 | 65,000 | |
| Trade Debtors | 411,000 | 856,000 | 1,036,000 | 462,000 | 307,000 | 421,000 | 729,000 | 376,000 | 555,000 | 232,000 | 456,000 | 912,000 | 204,000 | 40,000 | 51,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 794,000 | 648,000 | 1,052,000 | 1,249,000 | 721,000 | 202,000 | 136,000 | 111,000 | 46,000 | 145,000 | 394,000 | 8,000 | 230,000 | 371,000 | 145,000 |
| Cash | 430,000 | 803,000 | 2,303,000 | 3,363,000 | 2,128,000 | 5,628,000 | 3,680,000 | 3,382,000 | 2,860,000 | 1,944,000 | 1,736,000 | 2,788,000 | 3,275,000 | 744,000 | 1,062,000 |
| misc current assets | 9,586,000 | ||||||||||||||
| total current assets | 1,664,000 | 2,336,000 | 14,002,000 | 5,074,000 | 3,186,000 | 6,273,000 | 4,575,000 | 3,903,000 | 3,529,000 | 2,395,000 | 2,666,000 | 3,762,000 | 3,750,000 | 1,181,000 | 1,323,000 |
| total assets | 3,104,000 | 3,643,000 | 15,219,000 | 6,103,000 | 4,073,000 | 6,979,000 | 5,065,000 | 4,153,000 | 3,921,000 | 2,935,000 | 4,352,000 | 4,417,000 | 4,557,000 | 1,762,000 | 1,434,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 181,000 | 111,000 | 91,000 | 270,000 | 46,000 | 307,000 | 618,000 | 61,000 | 299,000 | 251,000 | 211,000 | 475,000 | |||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,905,000 | 2,184,000 | 2,684,000 | 3,385,000 | 2,814,000 | 5,234,000 | 2,191,000 | 1,464,000 | 1,700,000 | 1,670,000 | 2,599,000 | 3,336,000 | 3,232,000 | 913,000 | 727,000 |
| total current liabilities | 2,086,000 | 2,295,000 | 2,775,000 | 3,655,000 | 2,860,000 | 5,541,000 | 2,809,000 | 1,525,000 | 1,999,000 | 1,921,000 | 2,810,000 | 3,811,000 | 3,232,000 | 913,000 | 727,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 9,586,000 | 12,739,000 | 8,289,000 | 9,104,000 | 6,383,000 | 6,292,000 | 5,431,000 | 7,305,000 | 4,377,000 | 4,266,000 | 2,415,000 | ||||
| total liabilities | 2,086,000 | 2,295,000 | 12,361,000 | 16,394,000 | 11,149,000 | 14,645,000 | 9,192,000 | 7,817,000 | 7,430,000 | 9,226,000 | 7,187,000 | 8,077,000 | 5,647,000 | 913,000 | 727,000 |
| net assets | 1,018,000 | 1,348,000 | 2,858,000 | -10,291,000 | -7,076,000 | -7,666,000 | -4,127,000 | -3,664,000 | -3,509,000 | -6,291,000 | -2,835,000 | -3,660,000 | -1,090,000 | 849,000 | 707,000 |
| total shareholders funds | 1,018,000 | 1,348,000 | 2,858,000 | -10,291,000 | -7,076,000 | -7,666,000 | -4,127,000 | -3,664,000 | -3,509,000 | -6,291,000 | -2,835,000 | -3,660,000 | -1,090,000 | 849,000 | 707,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 576,000 | 557,000 | 425,000 | 388,000 | 234,000 | 176,000 | 244,000 | 142,000 | 148,000 | 175,000 | 99,000 | 178,000 | 158,000 | 74,000 | 25,000 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | 4,000 | 25,000 | -30,000 | 8,000 | -8,000 | -4,000 | -34,000 | -6,000 | -6,000 | 26,000 | 13,000 | 15,000 | -39,000 | 65,000 | |
| Debtors | -299,000 | -584,000 | 377,000 | 683,000 | 405,000 | -242,000 | 378,000 | -114,000 | 224,000 | -473,000 | -70,000 | 486,000 | 23,000 | 215,000 | 196,000 |
| Creditors | 70,000 | 20,000 | -179,000 | 224,000 | -261,000 | -311,000 | 557,000 | -238,000 | 48,000 | 40,000 | -264,000 | 475,000 | |||
| Accruals and Deferred Income | -279,000 | -500,000 | -701,000 | 571,000 | -2,420,000 | 3,043,000 | 727,000 | -236,000 | 30,000 | -929,000 | -737,000 | 104,000 | 2,319,000 | 186,000 | 727,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -613,000 | -530,000 | -415,000 | -393,000 | -484,000 | -1,100,000 | -26,000 | -384,000 | -544,000 | -82,000 | |||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -613,000 | -530,000 | -415,000 | -393,000 | -484,000 | -1,100,000 | -26,000 | -384,000 | -544,000 | -82,000 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 4,005,000 | -3,685,000 | 1,629,000 | -2,010,000 | 684,000 | -162,000 | 2,499,000 | -2,443,000 | 360,000 | -3,648,000 | -2,415,000 | 188,000 | |||
| cash and cash equivalents | |||||||||||||||
| cash | -373,000 | -1,500,000 | -1,060,000 | 1,235,000 | -3,500,000 | 1,948,000 | 298,000 | 522,000 | 916,000 | 208,000 | -1,052,000 | -487,000 | 2,531,000 | -318,000 | 1,062,000 |
| overdraft | |||||||||||||||
| change in cash | -373,000 | -1,500,000 | -1,060,000 | 1,235,000 | -3,500,000 | 1,948,000 | 298,000 | 522,000 | 916,000 | 208,000 | -1,052,000 | -487,000 | 2,531,000 | -318,000 | 1,062,000 |
vision-redbridge culture & leisure Credit Report and Business Information
Vision-redbridge Culture & Leisure Competitor Analysis
Perform a competitor analysis for vision-redbridge culture & leisure by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other large companies, companies in IG1 area or any other competitors across 12 key performance metrics.
vision-redbridge culture & leisure Ownership
VISION-REDBRIDGE CULTURE & LEISURE group structure
Vision-Redbridge Culture & Leisure has no subsidiary companies.
Ultimate parent company
VISION-REDBRIDGE CULTURE & LEISURE
06032714
vision-redbridge culture & leisure directors
Vision-Redbridge Culture & Leisure currently has 9 directors. The longest serving directors include Mr Martin Solder (Mar 2007) and Mr Kevin Pittman (May 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Solder | United Kingdom | 64 years | Mar 2007 | - | Director |
| Mr Kevin Pittman | England | 78 years | May 2011 | - | Director |
| Ms Catherine Rowan | England | 62 years | May 2011 | - | Director |
| Mrs Linda Perham | England | 77 years | May 2011 | - | Director |
| Mr David Thorogood | 60 years | May 2011 | - | Director | |
| Mr Stephen Wilks | England | 47 years | Jan 2016 | - | Director |
| Mrs Caroline Ward | 45 years | Jun 2016 | - | Director | |
| Councillor Zulfiqar Hussain | 71 years | Jun 2022 | - | Director | |
| Miss Navdeep Johal | England | 52 years | Sep 2024 | - | Director |
P&L
March 2024turnover
24.1m
+13%
operating profit
-362.4k
0%
gross margin
50.5%
-3.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1m
-0.24%
total assets
3.1m
-0.15%
cash
430k
-0.46%
net assets
Total assets minus all liabilities
vision-redbridge culture & leisure company details
company number
06032714
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
91011 - Library activities
90040 - Operation of arts facilities
93290 - Other amusement and recreation activities
incorporation date
December 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
redbridge central library, clements road, ilford, essex, IG1 1EA
Bank
THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
WINCKWORTH SHERWOOD
vision-redbridge culture & leisure 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 vision-redbridge culture & leisure.
vision-redbridge culture & leisure 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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vision-redbridge culture & leisure Companies House Filings - See Documents
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