Theeword Ltd

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theeword ltd Company Information

Live

EstablishedSmallRapid

Company Number

06760888

Next Accounts

Jan 2025

Industry

Advertising agencies

Directors

Alan MacKin

Aisha Riaz

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Shareholders

alan owen mackin

thomas glass

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Group Structure

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Contact

Registered Address

19 swan street, manchester, M4 5JJ

Website

www.theeword.co.uk

theeword ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of THEEWORD LTD at £1m based on a Turnover of £1.9m and 0.53x industry multiple (adjusted for size and gross margin).

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Theeword Ltd is a live company located in manchester, M4 5JJ with a Companies House number of 06760888. It operates in the advertising agencies sector, SIC Code 73110. Founded in November 2008, it's largest shareholder is alan owen mackin with a 72.7% stake. Theeword Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Theeword Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

5 Regular

3 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£7m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (2.9%)

EXPORT

Theeword Ltd's latest turnover from April 2023 is estimated at £1.9 million and the company has net assets of £35 thousand. According to their latest financial statements, Theeword Ltd has 13 employees and maintains cash reserves of £159.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,926,741	1,340,005	633,423	812,984	1,472,525	2,411,061	2,450,928	2,353,580	2,691,175	2,195,501	1,603,725	1,881,341	2,198,421	731,713
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,085,154	704,986	337,246	450,105	818,410	1,319,150	1,289,663	1,218,382	1,416,619	1,218,975	909,344	1,072,636	1,185,333	396,122
Gross Profit	841,587	635,019	296,177	362,878	654,115	1,091,910	1,161,265	1,135,198	1,274,556	976,526	694,380	808,705	1,013,087	335,591
Admin Expenses	648,334	500,101	258,284	330,047	854,981	1,090,089	1,159,091	1,328,966	1,172,475	943,918	668,001	795,721	927,116	335,688
Operating Profit	193,253	134,918	37,893	32,831	-200,866	1,821	2,174	-193,768	102,081	32,608	26,379	12,984	85,971	-97
Interest Payable	25,366	18,086	6,398	0	0	2,597	4,063	1,628	2,795	4,951	2,351	195	0	0
Interest Receivable	4,658	478	53	38	195	80	51	237	315	300	674	621	209	97
Pre-Tax Profit	172,545	117,310	31,548	32,869	-200,671	-696	-1,838	-195,159	99,601	27,957	24,701	13,411	86,180	0
Tax	-43,136	-22,289	-5,994	-6,245	0	0	0	0	-19,920	-5,871	-5,681	-3,219	-22,407	0
Profit After Tax	129,409	95,021	25,554	26,624	-200,671	-696	-1,838	-195,159	79,681	22,086	19,020	10,192	63,773	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	129,409	95,021	25,554	26,624	-200,671	-696	-1,838	-195,159	79,681	22,086	19,020	10,192	63,773	0
Employee Costs	784,346	541,632	271,235	340,760	855,657	1,532,888	1,340,035	1,705,609	871,134	680,305	510,915	510,589	643,699	201,152
Number Of Employees	13	9	5	6	15	28	25	32	16	13	10	10	13	4
EBITDA*	199,503	139,188	40,299	39,206	-193,497	9,177	5,833	-88,420	126,775	58,525	53,733	42,347	112,508	3,728

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	16,273	13,368	5,149	4,786	10,687	14,473	5,759	7,303	10,277	9,160	9,871	10,875	16,500	11,181
Intangible Assets	7,167	7,832	8,497	9,162	9,829	10,492	4,175	4,175	104,175	124,175	144,175	164,175	184,175	204,175
Investments & Other	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
Total Fixed Assets	23,440	21,200	13,646	13,948	20,516	24,965	9,934	11,478	114,452	133,335	154,046	175,050	200,675	215,356
Stock & work in progress	0	0	0	0	0	0	0	0	0	11,277	11,277	11,277	83,956	13,580
Trade Debtors	368,364	311,170	128,022	172,583	199,831	320,619	402,206	226,402	545,751	433,166	301,384	320,031	365,611	91,862
Group Debtors	0	0	0	0	0	7,076	7,076	7,094	0	0	0	0	0	0
Misc Debtors	26,043	25,103	20,859	16,974	42,976	90,016	35,535	14,235	0	0	0	0	0	0
Cash	159,638	59,554	67,985	38,448	37,564	14,375	17,690	22,909	71,847	54,009	65,867	203,605	44,845	38,757
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	554,045	395,827	216,866	228,005	280,371	432,086	462,507	270,640	617,598	498,452	378,528	534,913	494,412	144,199
total assets	577,485	417,027	230,512	241,953	300,887	457,051	472,441	282,118	732,050	631,787	532,574	709,963	695,087	359,555
Bank overdraft	56,815	161,460	47,942	0	0	0	79,912	50,101	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	150,149	33,870	48,181	50,249	89,842	32,865	27,463	40,873	382,884	395,227	338,009	594,712	595,257	324,131
Group/Directors Accounts	510	59	19,877	25,890	29,390	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	85,987	66,354	5,994	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	219,355	105,114	97,265	176,123	376,984	421,821	332,180	156,285	118,614	0	0	0	0	0
total current liabilities	426,829	300,503	213,265	252,262	496,216	454,686	439,555	247,259	501,498	481,214	404,363	600,706	595,257	324,131
loans	112,012	164,650	161,828	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	159,770	0	0	0	0	0	0	0	0	0	0
provisions	3,661	4,028	2,593	2,650	4,024	1,047	1,047	1,182	1,716	1,418	1,142	1,208	1,973	1,340
total long term liabilities	115,673	168,678	164,421	162,420	4,024	1,047	1,047	1,182	1,716	1,418	1,142	1,208	1,973	1,340
total liabilities	542,502	469,181	377,686	414,682	500,240	455,733	440,602	248,441	503,214	482,632	405,505	601,914	597,230	325,471
net assets	34,983	-52,154	-147,174	-172,729	-199,353	1,318	31,839	33,677	228,836	149,155	127,069	108,049	97,857	34,084
total shareholders funds	34,983	-52,154	-147,174	-172,729	-199,353	1,318	31,839	33,677	228,836	149,155	127,069	108,049	97,857	34,084

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	193,253	134,918	37,893	32,831	-200,866	1,821	2,174	-193,768	102,081	32,608	26,379	12,984	85,971	-97
Depreciation	5,585	3,605	1,741	5,708	6,706	7,023	3,659	5,348	4,694	5,917	7,354	9,363	6,537	3,825
Amortisation	665	665	665	667	663	333	0	100,000	20,000	20,000	20,000	20,000	20,000	0
Tax	-43,136	-22,289	-5,994	-6,245	0	0	0	0	-19,920	-5,871	-5,681	-3,219	-22,407	0
Stock	0	0	0	0	0	0	0	0	-11,277	0	0	-72,679	70,376	13,580
Debtors	58,134	187,392	-40,676	-53,250	-174,904	-27,106	197,086	-298,020	112,585	131,782	-18,647	-45,580	273,749	91,862
Creditors	116,279	-14,311	-2,068	-39,593	56,977	5,402	-13,410	-342,011	-12,343	57,218	-256,703	-545	271,126	324,131
Accruals and Deferred Income	114,241	7,849	-78,858	-200,861	-44,837	89,641	175,895	37,671	118,614	0	0	0	0	0
Deferred Taxes & Provisions	-367	1,435	-57	-1,374	2,977	0	-135	-534	298	276	-66	-765	633	1,340
Cash flow from operations	328,386	-75,520	-6,002	-155,617	-3,476	131,326	-28,903	-95,274	112,116	-21,634	-190,070	156,077	17,735	223,757
Investing Activities
capital expenditure	-8,490	-11,824	-2,104	193	-2,920	-22,387	-2,115	-2,374	-5,811	-5,206	-6,350	-3,738	-11,856	-219,181
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,490	-11,824	-2,104	193	-2,920	-22,387	-2,115	-2,374	-5,811	-5,206	-6,350	-3,738	-11,856	-219,181
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	451	-19,818	-6,013	-3,500	29,390	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	-85,987	19,633	60,360	5,994	0	0
Long term loans	-52,638	2,822	161,828	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	-159,770	159,770	0	0	0	0	0	0	0	0	0	0
share issue	-42,272	-1	1	0	0	-29,825	0	0	0	0	0	0	0	34,084
interest	-20,708	-17,608	-6,345	38	195	-2,517	-4,012	-1,391	-2,480	-4,651	-1,677	426	209	97
cash flow from financing	-115,167	-34,605	-10,299	156,308	29,585	-32,342	-4,012	-1,391	-88,467	14,982	58,683	6,420	209	34,181
cash and cash equivalents
cash	100,084	-8,431	29,537	884	23,189	-3,315	-5,219	-48,938	17,838	-11,858	-137,738	158,760	6,088	38,757
overdraft	-104,645	113,518	47,942	0	0	-79,912	29,811	50,101	0	0	0	0	0	0
change in cash	204,729	-121,949	-18,405	884	23,189	76,597	-35,030	-99,039	17,838	-11,858	-137,738	158,760	6,088	38,757

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THEEWORD LTD group structure

Theeword Ltd has no subsidiary companies.

Ultimate parent company

THEEWORD LTD

06760888

THEEWORD LTD Shareholders

alan owen mackin	72.67%
thomas glass	24.44%
chris sheffield	2.89%

Theeword Ltd currently has 3 directors. The longest serving directors include Mr Alan MacKin (Nov 2008) and Ms Aisha Riaz (Sep 2019).

officer	country	age	start	end	role
Mr Alan MacKin	England	46 years	Nov 2008	-	Director
Ms Aisha Riaz	England	35 years	Sep 2019	-	Director
Ms Mariel Rubinstein	England	29 years	Jun 2022	-	Director

P&L

April 2023

turnover

1.9m

+44%

operating profit

193.3k

gross margin

43.7%

-7.83%

turnover

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

Balance Sheet

April 2023

net assets

35k

-1.67%

total assets

577.5k

+0.38%

cash

159.6k

+1.68%

net assets

Total assets minus all liabilities

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company number

06760888

Type

Private limited with Share Capital

industry

73110 - Advertising agencies

incorporation date

November 2008

ultimate parent company

None

previous names

N/A

address

19 swan street, manchester, M4 5JJ

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 2 charges/mortgages relating to theeword ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

theeword ltd Company Information

theeword ltd Estimated Valuation

theeword ltd Estimated Valuation

theeword ltd Estimated Valuation

Theeword Ltd Overview

Theeword Ltd Health Check

THEEWORD LTD financials

theeword ltd Credit Report and Business Information

Theeword Ltd Competitor Analysis

theeword ltd Ownership

theeword ltd directors

theeword ltd company details

theeword ltd Charges & Mortgages

theeword ltd Companies House Filings - See Documents