ascent sourcing limited
ascent sourcing limited Company Information
Group Structure
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Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
40 theatre street, london, SW11 5NF
Website
www.ascentsourcing.comascent sourcing limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENT SOURCING LIMITED at £328.3k based on a Turnover of £2m and 0.16x industry multiple (adjusted for size and gross margin).
ascent sourcing limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENT SOURCING LIMITED at £78.9k based on an EBITDA of £27.6k and a 2.86x industry multiple (adjusted for size and gross margin).
ascent sourcing limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENT SOURCING LIMITED at £180.3k based on Net Assets of £141.1k and 1.28x industry multiple (adjusted for liquidity).
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Ascent Sourcing Limited Overview
Ascent Sourcing Limited is a dissolved company that was located in london, SW11 5NF with a Companies House number of 06357460. It operated in the other activities of employment placement agencies sector, SIC Code 78109. Founded in August 2007, it's largest shareholder was mr francis ingram with a 100% stake. The last turnover for Ascent Sourcing Limited was estimated at £2m.
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Ascent Sourcing Limited Health Check
Pomanda's financial health check has awarded Ascent Sourcing Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £2m, make it smaller than the average company (£4.9m)
- Ascent Sourcing Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.4%)
- Ascent Sourcing Limited
4.4% - Industry AVG
Production
with a gross margin of 23.3%, this company has a comparable cost of product (23.3%)
- Ascent Sourcing Limited
23.3% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (2.9%)
- Ascent Sourcing Limited
2.9% - Industry AVG
Employees
with 12 employees, this is below the industry average (34)
- Ascent Sourcing Limited
34 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- Ascent Sourcing Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £169.5k, this is equally as efficient (£180.4k)
- Ascent Sourcing Limited
£180.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ascent Sourcing Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is slower than average (10 days)
- Ascent Sourcing Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ascent Sourcing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (8 weeks)
34 weeks - Ascent Sourcing Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.6%, this is a lower level of debt than the average (70.6%)
37.6% - Ascent Sourcing Limited
70.6% - Industry AVG
ASCENT SOURCING LIMITED financials
Ascent Sourcing Limited's latest turnover from October 2019 is estimated at £2 million and the company has net assets of £141.1 thousand. According to their latest financial statements, we estimate that Ascent Sourcing Limited has 12 employees and maintains cash reserves of £55.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 819,383 | 946,770 | 529,899 | ||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 268,411 | 309,096 | 84,964 | ||||||||
| Gross Profit | 550,972 | 637,674 | 444,935 | ||||||||
| Admin Expenses | 378,678 | 375,065 | 231,469 | ||||||||
| Operating Profit | 172,294 | 262,609 | 213,466 | ||||||||
| Interest Payable | 31 | 76 | |||||||||
| Interest Receivable | 372 | ||||||||||
| Pre-Tax Profit | 172,263 | 262,533 | 213,838 | ||||||||
| Tax | -35,165 | -52,219 | -45,861 | ||||||||
| Profit After Tax | 137,098 | 210,314 | 167,977 | ||||||||
| Dividends Paid | 35,000 | 117,320 | 130,000 | ||||||||
| Retained Profit | 102,098 | 92,994 | 37,977 | ||||||||
| Employee Costs | 100,067 | ||||||||||
| Number Of Employees | 6 | ||||||||||
| EBITDA* | 174,399 | 264,451 | 215,221 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 170,918 | 198,302 | 225,686 | 271,089 | 316,492 | 26,259 | 38,881 | 5,522 | 7,408 | 3,470 | 4,412 |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 170,918 | 198,302 | 225,686 | 271,089 | 316,492 | 26,259 | 38,881 | 5,522 | 7,408 | 3,470 | 4,412 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 31,256 | 52,887 | 85,795 | 281,356 | 256,553 | 157,278 | 80,792 | 146,418 | 84,300 | ||
| Group Debtors | |||||||||||
| Misc Debtors | 25,716 | 73,688 | 39,268 | 274 | 612 | ||||||
| Cash | 55,169 | 26,025 | 29,004 | 63,614 | 141,101 | 323,392 | 152,304 | 247,135 | 221,445 | 205,388 | 96,209 |
| misc current assets | 8,777 | ||||||||||
| total current assets | 55,169 | 26,025 | 85,976 | 190,189 | 274,941 | 604,748 | 408,857 | 404,413 | 302,237 | 352,080 | 181,121 |
| total assets | 226,087 | 224,327 | 311,662 | 461,278 | 591,433 | 631,007 | 447,738 | 409,935 | 309,645 | 355,550 | 185,533 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 75,950 | 66,376 | 121,566 | 194,190 | 195,317 | 383,090 | 194,454 | 13,933 | 51,140 | 38,422 | 5,346 |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 8,157 | 3,206 | 42,305 | 53,666 | 61,938 | ||||||
| total current liabilities | 84,107 | 82,765 | 121,566 | 197,396 | 237,622 | 383,090 | 194,454 | 13,933 | 51,140 | 92,088 | 67,284 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 7,191 | 52,219 | |||||||||
| provisions | 891 | 891 | 891 | 891 | 891 | 891 | 891 | 891 | |||
| total long term liabilities | 891 | 891 | 891 | 891 | 891 | 891 | 891 | 7,191 | 53,110 | 891 | |
| total liabilities | 84,998 | 83,656 | 122,457 | 198,287 | 238,513 | 383,981 | 195,345 | 13,933 | 58,331 | 145,198 | 68,175 |
| net assets | 141,089 | 140,671 | 189,205 | 262,991 | 352,920 | 247,026 | 252,393 | 396,002 | 251,314 | 210,352 | 117,358 |
| total shareholders funds | 141,089 | 140,671 | 189,205 | 262,991 | 352,920 | 247,026 | 252,393 | 396,002 | 251,314 | 210,352 | 117,358 |
| Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 172,294 | 262,609 | 213,466 | ||||||||
| Depreciation | 27,384 | 27,384 | 45,403 | 45,403 | 39,543 | 14,122 | 14,749 | 1,886 | 2,105 | 1,842 | 1,755 |
| Amortisation | |||||||||||
| Tax | -35,165 | -52,219 | -45,861 | ||||||||
| Stock | |||||||||||
| Debtors | -56,972 | -69,603 | 1,512 | -156,293 | 24,803 | 99,275 | 76,486 | -65,900 | 61,780 | 84,912 | |
| Creditors | 9,574 | -55,190 | -72,624 | -1,127 | -187,773 | 188,636 | 180,521 | -37,207 | 12,718 | 33,076 | 5,346 |
| Accruals and Deferred Income | 8,157 | -3,206 | -39,099 | 42,305 | -53,666 | -8,272 | 61,938 | ||||
| Deferred Taxes & Provisions | 891 | -891 | 891 | -891 | 891 | ||||||
| Cash flow from operations | 163,295 | 175,256 | 152,623 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -7,191 | -45,028 | 52,219 | ||||||||
| share issue | |||||||||||
| interest | -31 | -76 | 372 | ||||||||
| cash flow from financing | -106,195 | 52,143 | 79,753 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | 29,144 | -2,979 | -34,610 | -77,487 | -182,291 | 171,088 | -94,831 | 25,690 | 16,057 | 109,179 | 96,209 |
| overdraft | |||||||||||
| change in cash | 29,144 | -2,979 | -34,610 | -77,487 | -182,291 | 171,088 | -94,831 | 25,690 | 16,057 | 109,179 | 96,209 |
ascent sourcing limited Credit Report and Business Information
Ascent Sourcing Limited Competitor Analysis
Perform a competitor analysis for ascent sourcing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in SW11 area or any other competitors across 12 key performance metrics.
ascent sourcing limited Ownership
ASCENT SOURCING LIMITED group structure
Ascent Sourcing Limited has no subsidiary companies.
Ultimate parent company
ASCENT SOURCING LIMITED
06357460
ascent sourcing limited directors
Ascent Sourcing Limited currently has 1 director, Francis Ingram serving since Aug 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Francis Ingram | United Kingdom | 46 years | Aug 2007 | - | Director |
P&L
October 2019turnover
2m
+32%
operating profit
211.6
0%
gross margin
23.3%
-1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2019net assets
141.1k
0%
total assets
226.1k
+0.01%
cash
55.2k
+1.12%
net assets
Total assets minus all liabilities
Similar Companies
ascent sourcing limited company details
company number
06357460
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
August 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2019
previous names
N/A
accountant
KAREN ADSETT
auditor
-
address
40 theatre street, london, SW11 5NF
Bank
-
Legal Advisor
-
ascent sourcing limited 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 ascent sourcing limited.
ascent sourcing limited 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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ascent sourcing limited Companies House Filings - See Documents
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