tomorrow london limited
tomorrow london limited Company Information
Company Number
06833922
Next Accounts
20 days late
Shareholders
tomorrow mid-co. limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
2 arundel street, 4th floor, london, WC2R 3DA
Website
www.tomorrowltd.comtomorrow london limited Estimated Valuation
Pomanda estimates the enterprise value of TOMORROW LONDON LIMITED at £13.9m based on a Turnover of £12.7m and 1.1x industry multiple (adjusted for size and gross margin).
tomorrow london limited Estimated Valuation
Pomanda estimates the enterprise value of TOMORROW LONDON LIMITED at £0 based on an EBITDA of £-5m and a 7.88x industry multiple (adjusted for size and gross margin).
tomorrow london limited Estimated Valuation
Pomanda estimates the enterprise value of TOMORROW LONDON LIMITED at £0 based on Net Assets of £-18.8m and 2.3x industry multiple (adjusted for liquidity).
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Tomorrow London Limited Overview
Tomorrow London Limited is a live company located in london, WC2R 3DA with a Companies House number of 06833922. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2009, it's largest shareholder is tomorrow mid-co. limited with a 100% stake. Tomorrow London Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.7m with declining growth in recent years.
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Tomorrow London Limited Health Check
Pomanda's financial health check has awarded Tomorrow London Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £12.7m, make it larger than the average company (£3.7m)
£12.7m - Tomorrow London Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (4.4%)
-27% - Tomorrow London Limited
4.4% - Industry AVG
Production
with a gross margin of 76.1%, this company has a lower cost of product (38.1%)
76.1% - Tomorrow London Limited
38.1% - Industry AVG
Profitability
an operating margin of -42% make it less profitable than the average company (6.3%)
-42% - Tomorrow London Limited
6.3% - Industry AVG
Employees
with 84 employees, this is above the industry average (23)
84 - Tomorrow London Limited
23 - Industry AVG
Pay Structure
on an average salary of £27.4k, the company has a lower pay structure (£48.2k)
£27.4k - Tomorrow London Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £151.3k, this is equally as efficient (£152.7k)
£151.3k - Tomorrow London Limited
£152.7k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (41 days)
55 days - Tomorrow London Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 1050 days, this is slower than average (33 days)
1050 days - Tomorrow London Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 192 days, this is more than average (33 days)
192 days - Tomorrow London Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (25 weeks)
0 weeks - Tomorrow London Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 169.8%, this is a higher level of debt than the average (62.1%)
169.8% - Tomorrow London Limited
62.1% - Industry AVG
TOMORROW LONDON LIMITED financials
Tomorrow London Limited's latest turnover from April 2023 is £12.7 million and the company has net assets of -£18.8 million. According to their latest financial statements, Tomorrow London Limited has 84 employees and maintains cash reserves of £111 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,708,000 | 18,306,000 | 16,351,000 | 33,044,000 | 25,098,000 | 11,222,000 | 5,505,000 | 3,686,000 | 12,375,000 | 7,991,000 | 1,191,000 | 711,012 | 637,727 | 510,553 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,035,000 | 16,613,000 | 13,268,000 | 23,269,000 | 16,542,000 | 4,124,000 | 1,615,000 | 1,110,000 | 7,940,000 | 5,007,000 | 294,000 | 284,198 | 262,850 | 285,341 |
| Gross Profit | 9,673,000 | 1,693,000 | 3,083,000 | 9,775,000 | 8,556,000 | 7,098,000 | 3,890,000 | 2,576,000 | 4,435,000 | 2,984,000 | 897,000 | 426,814 | 374,877 | 225,212 |
| Admin Expenses | 15,017,000 | 14,416,000 | 9,176,000 | 8,322,000 | 9,218,000 | 5,380,000 | 3,126,000 | 1,748,000 | 2,061,000 | 1,836,000 | 741,000 | -44,244 | 481,536 | 518,577 |
| Operating Profit | -5,344,000 | -12,723,000 | -6,093,000 | 1,453,000 | -662,000 | 1,718,000 | 764,000 | 828,000 | 2,374,000 | 1,148,000 | 156,000 | 471,058 | -106,659 | -293,365 |
| Interest Payable | 4,000 | 1,000 | 4,000 | 11,000 | 0 | 0 | 0 | 0 | 20,000 | 14,000 | 6,300 | 7,524 | 94 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 2 | 0 |
| Pre-Tax Profit | -5,348,000 | -12,724,000 | -6,097,000 | 1,442,000 | -662,000 | 1,718,000 | 3,266,000 | 1,050,000 | 2,374,000 | 1,128,000 | 142,000 | 464,764 | -114,181 | -293,459 |
| Tax | 0 | -223,000 | 211,000 | -193,000 | 26,000 | -337,000 | -194,000 | -171,000 | -633,000 | -309,000 | 18,000 | -77,059 | 17,628 | 59,431 |
| Profit After Tax | -5,348,000 | -12,947,000 | -5,886,000 | 1,249,000 | -636,000 | 1,381,000 | 3,072,000 | 879,000 | 1,741,000 | 819,000 | 160,000 | 387,705 | -96,553 | -234,028 |
| Dividends Paid | 0 | 0 | 0 | 450,000 | 600,000 | 830,000 | 2,039,000 | 1,200,000 | 600,000 | 300,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -5,348,000 | -12,947,000 | -5,886,000 | 799,000 | -1,236,000 | 551,000 | 1,033,000 | -321,000 | 1,141,000 | 519,000 | 160,000 | 387,705 | -96,553 | -234,028 |
| Employee Costs | 2,304,000 | 5,113,000 | 2,678,000 | 2,956,000 | 3,423,000 | 1,447,000 | 1,375,000 | 879,000 | 1,250,000 | 715,000 | ||||
| Number Of Employees | 84 | 85 | 70 | 75 | 65 | 48 | 36 | 19 | 31 | 22 | ||||
| EBITDA* | -4,963,000 | -12,330,000 | -5,707,000 | 1,671,000 | -494,000 | 1,816,000 | 814,000 | 846,000 | 2,422,000 | 1,188,000 | 9,226,000 | 480,026 | -102,041 | -292,845 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 227,000 | 257,000 | 343,000 | 477,000 | 156,000 | 247,000 | 233,000 | 74,000 | 94,000 | 64,000 | 14,000 | 22,670 | 31,038 | 5,217 |
| Intangible Assets | 901,000 | 1,038,000 | 1,052,000 | 943,000 | 325,000 | 44,000 | 59,000 | 3,000 | 329,000 | 376,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 9,000 | 388,000 | 388,000 | 301,000 | 235,000 | 58,000 | 9,000 | 9,000 | 0 | 0 | 9,000 | 8,896 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,137,000 | 1,683,000 | 1,783,000 | 1,721,000 | 716,000 | 349,000 | 301,000 | 86,000 | 423,000 | 440,000 | 23,000 | 31,566 | 31,038 | 5,217 |
| Stock & work in progress | 1,598,000 | 686,000 | 0 | 0 | 0 | 0 | 0 | 0 | 806,000 | 1,007,000 | 0 | 6,341 | 163,721 | 135,772 |
| Trade Debtors | 1,916,000 | 1,123,000 | 786,000 | 800,000 | 571,000 | 1,456,000 | 697,000 | 234,000 | 1,893,000 | 1,396,000 | 125,000 | 624,243 | 163,135 | 83,156 |
| Group Debtors | 18,019,000 | 40,455,000 | 28,159,000 | 14,804,000 | 4,345,000 | 1,734,000 | 1,368,000 | 51,000 | 0 | 0 | 674,000 | 0 | 0 | 0 |
| Misc Debtors | 4,166,000 | 10,235,000 | 3,978,000 | 2,339,000 | 3,103,000 | 1,672,000 | 531,000 | 168,000 | 776,000 | 285,000 | 138,000 | 0 | 190,858 | 112,063 |
| Cash | 111,000 | 878,000 | 618,000 | 1,267,000 | 1,380,000 | 2,737,000 | 2,981,000 | 2,118,000 | 2,853,000 | 1,144,000 | 49,000 | 0 | 18,031 | 1,959 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,810,000 | 53,377,000 | 33,541,000 | 19,210,000 | 9,399,000 | 7,599,000 | 5,577,000 | 2,571,000 | 6,328,000 | 3,832,000 | 986,000 | 630,584 | 535,745 | 332,950 |
| total assets | 26,947,000 | 55,060,000 | 35,324,000 | 20,931,000 | 10,115,000 | 7,948,000 | 5,878,000 | 2,657,000 | 6,751,000 | 4,272,000 | 1,009,000 | 662,150 | 566,783 | 338,167 |
| Bank overdraft | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | 0 | 114,259 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,739,000 | 9,632,000 | 4,718,000 | 4,079,000 | 3,446,000 | 1,749,000 | 557,000 | 142,000 | 3,478,000 | 2,665,000 | 24,000 | 2,226 | 37,157 | 275,460 |
| Group/Directors Accounts | 34,896,000 | 56,232,000 | 19,873,000 | 8,067,000 | 1,232,000 | 140,000 | 0 | 1,451,000 | 0 | 0 | 369,000 | 151,438 | 663,699 | 193,122 |
| other short term finances | 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 |
| other current liabilities | 2,104,000 | 3,625,000 | 12,215,000 | 4,368,000 | 1,818,000 | 1,178,000 | 991,000 | 469,000 | 1,341,000 | 790,000 | 313,000 | 252,694 | 196,408 | 103,513 |
| total current liabilities | 45,742,000 | 69,489,000 | 36,806,000 | 16,514,000 | 6,496,000 | 3,067,000 | 1,548,000 | 2,062,000 | 4,829,000 | 3,455,000 | 706,000 | 520,617 | 897,264 | 572,095 |
| 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 | 13,000 | 14,000 | 40,000 | 40,000 | 8,000 | 6,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 13,000 | 14,000 | 40,000 | 40,000 | 8,000 | 6,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 45,742,000 | 69,489,000 | 36,806,000 | 16,527,000 | 6,510,000 | 3,107,000 | 1,588,000 | 2,070,000 | 4,835,000 | 3,455,000 | 706,000 | 520,617 | 897,264 | 572,095 |
| net assets | -18,795,000 | -14,429,000 | -1,482,000 | 4,404,000 | 3,605,000 | 4,841,000 | 4,290,000 | 587,000 | 1,916,000 | 817,000 | 303,000 | 141,533 | -330,481 | -233,928 |
| total shareholders funds | -18,795,000 | -14,429,000 | -1,482,000 | 4,404,000 | 3,605,000 | 4,841,000 | 4,290,000 | 587,000 | 1,916,000 | 817,000 | 303,000 | 141,533 | -330,481 | -233,928 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -5,344,000 | -12,723,000 | -6,093,000 | 1,453,000 | -662,000 | 1,718,000 | 764,000 | 828,000 | 2,374,000 | 1,148,000 | 156,000 | 471,058 | -106,659 | -293,365 |
| Depreciation | 121,000 | 154,000 | 144,000 | 129,000 | 153,000 | 98,000 | 50,000 | 18,000 | 23,000 | 18,000 | 9,070,000 | 8,968 | 4,618 | 520 |
| Amortisation | 260,000 | 239,000 | 242,000 | 89,000 | 15,000 | 0 | 0 | 0 | 25,000 | 22,000 | 0 | 0 | 0 | 0 |
| Tax | 0 | -223,000 | 211,000 | -193,000 | 26,000 | -337,000 | -194,000 | -171,000 | -633,000 | -309,000 | 18,000 | -77,059 | 17,628 | 59,431 |
| Stock | 912,000 | 686,000 | 0 | 0 | 0 | 0 | 0 | -806,000 | -201,000 | 1,007,000 | -6,341 | -157,380 | 163,721 | 135,772 |
| Debtors | -27,712,000 | 18,890,000 | 14,980,000 | 9,924,000 | 8,019,000 | 2,266,000 | 2,143,000 | -2,216,000 | 988,000 | 744,000 | 312,757 | 270,250 | 353,993 | 195,219 |
| Creditors | -893,000 | 4,914,000 | 639,000 | 633,000 | 3,446,000 | 1,192,000 | 415,000 | -3,336,000 | 813,000 | 2,641,000 | 21,774 | -34,931 | 37,157 | 275,460 |
| Accruals and Deferred Income | -1,521,000 | -8,590,000 | 7,847,000 | 2,550,000 | 1,818,000 | 187,000 | 522,000 | -872,000 | 551,000 | 477,000 | 60,306 | 56,286 | 196,408 | 103,513 |
| Deferred Taxes & Provisions | 0 | 0 | -13,000 | -1,000 | 14,000 | 0 | 32,000 | 2,000 | 6,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 19,423,000 | -35,805,000 | -12,003,000 | -5,264,000 | -3,209,000 | 592,000 | -554,000 | -509,000 | 2,372,000 | 2,246,000 | 9,019,664 | 311,452 | -368,562 | -185,432 |
| Investing Activities | ||||||||||||||
| capital expenditure | -55,000 | -68,000 | ||||||||||||
| Change in Investments | -379,000 | 0 | 87,000 | 66,000 | 235,000 | 49,000 | 0 | 9,000 | 0 | -9,000 | 104 | 8,896 | 0 | 0 |
| cash flow from investments | -55,000 | -59,000 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -21,336,000 | 36,359,000 | 11,806,000 | 6,835,000 | 1,232,000 | 140,000 | -1,451,000 | 1,451,000 | 0 | -369,000 | 217,562 | -512,261 | 663,699 | 193,122 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | ||||||||||||||
| interest | -4,000 | -1,000 | -4,000 | -11,000 | 0 | 0 | 0 | 0 | -20,000 | -14,000 | -6,294 | -7,522 | -94 | |
| cash flow from financing | -20,358,000 | 36,358,000 | 11,802,000 | 6,824,000 | 6,073,000 | 140,000 | 1,219,000 | 443,000 | -394,000 | 205,029 | -434,246 | 422,249 | 193,128 | |
| cash and cash equivalents | ||||||||||||||
| cash | -767,000 | 260,000 | -649,000 | -113,000 | 1,380,000 | -244,000 | 863,000 | -735,000 | 1,709,000 | 1,095,000 | 49,000 | -18,031 | 18,031 | 1,959 |
| overdraft | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | -10,000 | 10,000 | 0 | -114,259 | 114,259 | 0 | 0 |
| change in cash | -770,000 | 260,000 | -649,000 | -113,000 | 1,380,000 | -244,000 | 863,000 | -725,000 | 1,699,000 | 1,095,000 | 163,259 | -132,290 | 18,031 | 1,959 |
tomorrow london limited Credit Report and Business Information
Tomorrow London Limited Competitor Analysis
Perform a competitor analysis for tomorrow london limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in WC2R area or any other competitors across 12 key performance metrics.
tomorrow london limited Ownership
TOMORROW LONDON LIMITED group structure
Tomorrow London Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
TOMORROW LONDON LIMITED
06833922
4 subsidiaries
tomorrow london limited directors
Tomorrow London Limited currently has 5 directors. The longest serving directors include Ms Elizabeth King (Mar 2009) and Giancarlo Simiri (Dec 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Elizabeth King | United Kingdom | 51 years | Mar 2009 | - | Director |
| Giancarlo Simiri | 47 years | Dec 2011 | - | Director | |
| Mr Stefano Martinetto | England | 51 years | Dec 2011 | - | Director |
| Mr Giancarlo Simiri | United Kingdom | 47 years | Dec 2011 | - | Director |
| Mr Matteo Siani | 48 years | Jul 2024 | - | Director |
P&L
April 2023turnover
12.7m
-31%
operating profit
-5.3m
-58%
gross margin
76.2%
+723.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-18.8m
+0.3%
total assets
26.9m
-0.51%
cash
111k
-0.87%
net assets
Total assets minus all liabilities
tomorrow london limited company details
company number
06833922
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
rmo sales limited (August 2010)
accountant
-
auditor
GRANT THORNTON UK LLP
address
2 arundel street, 4th floor, london, WC2R 3DA
Bank
COUTTS & CO
Legal Advisor
-
tomorrow london 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 found 5 charges/mortgages relating to tomorrow london limited. Currently there are 1 open charges and 4 have been satisfied in the past.
tomorrow london 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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tomorrow london limited Companies House Filings - See Documents
| date | description | view/download |
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