the voluntary initiative community interest company
the voluntary initiative community interest company Company Information
Group Structure
View All
Industry
Support activities for crop production
Registered Address
littlemead, hollingdon, buckinghamshire, LU7 0DN
Website
voluntaryinitiative.org.ukthe voluntary initiative community interest company Estimated Valuation
Pomanda estimates the enterprise value of THE VOLUNTARY INITIATIVE COMMUNITY INTEREST COMPANY at £34.3k based on a Turnover of £98.3k and 0.35x industry multiple (adjusted for size and gross margin).
the voluntary initiative community interest company Estimated Valuation
Pomanda estimates the enterprise value of THE VOLUNTARY INITIATIVE COMMUNITY INTEREST COMPANY at £36.7k based on an EBITDA of £17.1k and a 2.14x industry multiple (adjusted for size and gross margin).
the voluntary initiative community interest company Estimated Valuation
Pomanda estimates the enterprise value of THE VOLUNTARY INITIATIVE COMMUNITY INTEREST COMPANY at £188k based on Net Assets of £133.9k and 1.4x industry multiple (adjusted for liquidity).
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The Voluntary Initiative Community Interest Company Overview
The Voluntary Initiative Community Interest Company is a live company located in buckinghamshire, LU7 0DN with a Companies House number of 06967248. It operates in the support activities for crop production sector, SIC Code 01610. Founded in July 2009, it's largest shareholder is unknown. The Voluntary Initiative Community Interest Company is a established, micro sized company, Pomanda has estimated its turnover at £98.3k with declining growth in recent years.
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The Voluntary Initiative Community Interest Company Health Check
Pomanda's financial health check has awarded The Voluntary Initiative Community Interest Company a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £98.3k, make it smaller than the average company (£6.3m)
- The Voluntary Initiative Community Interest Company
£6.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (9%)
- The Voluntary Initiative Community Interest Company
9% - Industry AVG
Production
with a gross margin of 12.7%, this company has a higher cost of product (22.3%)
- The Voluntary Initiative Community Interest Company
22.3% - Industry AVG
Profitability
an operating margin of 11% make it more profitable than the average company (4.1%)
- The Voluntary Initiative Community Interest Company
4.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (31)
3 - The Voluntary Initiative Community Interest Company
31 - Industry AVG
Pay Structure
on an average salary of £50k, the company has an equivalent pay structure (£50k)
- The Voluntary Initiative Community Interest Company
£50k - Industry AVG
Efficiency
resulting in sales per employee of £32.8k, this is less efficient (£230.7k)
- The Voluntary Initiative Community Interest Company
£230.7k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (48 days)
- The Voluntary Initiative Community Interest Company
48 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (43 days)
- The Voluntary Initiative Community Interest Company
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Voluntary Initiative Community Interest Company
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 957 weeks, this is more cash available to meet short term requirements (7 weeks)
957 weeks - The Voluntary Initiative Community Interest Company
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.8%, this is a lower level of debt than the average (56.5%)
4.8% - The Voluntary Initiative Community Interest Company
56.5% - Industry AVG
THE VOLUNTARY INITIATIVE COMMUNITY INTEREST COMPANY financials
The Voluntary Initiative Community Interest Company's latest turnover from December 2023 is estimated at £98.3 thousand and the company has net assets of £133.9 thousand. According to their latest financial statements, The Voluntary Initiative Community Interest Company has 3 employees and maintains cash reserves of £124.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,658 | 5,535 | 7,650 | 1,536 | 2,094 | 881 | 190 | 316 | 443 | |||||
| Intangible Assets | 9,000 | 13,000 | 17,000 | |||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 14,658 | 18,535 | 24,650 | 1,536 | 2,094 | 881 | 190 | 316 | 443 | |||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 1,069 | 1,356 | 8,897 | 34,332 | 39,975 | 2,575 | 7,936 | 25,071 | 50,200 | 51,649 | 51,660 | 58,062 | 38,737 | 4,985 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 838 | 919 | 2,685 | 6,366 | 3,868 | 775 | 13,356 | 951 | ||||||
| Cash | 124,096 | 109,171 | 84,481 | 16,765 | 27,434 | 62,996 | 79,972 | 50,590 | 36,104 | 20,314 | 28,799 | 20,482 | ||
| misc current assets | ||||||||||||||
| total current assets | 126,003 | 111,446 | 93,378 | 53,782 | 73,775 | 69,439 | 88,683 | 89,017 | 87,255 | 71,963 | 80,459 | 78,544 | 38,737 | 4,985 |
| total assets | 140,661 | 129,981 | 118,028 | 55,318 | 75,869 | 70,320 | 88,873 | 89,333 | 87,698 | 71,963 | 80,459 | 78,544 | 38,737 | 4,985 |
| Bank overdraft | 1,698 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 6,736 | 8,757 | 12,186 | 18,464 | 15,100 | 28,349 | 15,277 | 15,422 | 15,145 | 46,784 | 48,340 | 53,815 | 30,820 | 5,208 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 12,551 | 3,441 | 8,605 | 19,818 | 31,579 | |||||||||
| total current liabilities | 6,736 | 8,757 | 12,186 | 18,464 | 29,349 | 31,790 | 23,882 | 35,240 | 46,724 | 46,784 | 48,340 | 53,815 | 30,820 | 5,208 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | 3,675 | |||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 3,675 | |||||||||||||
| total liabilities | 6,736 | 8,757 | 12,186 | 22,139 | 29,349 | 31,790 | 23,882 | 35,240 | 46,724 | 46,784 | 48,340 | 53,815 | 30,820 | 5,208 |
| net assets | 133,925 | 121,224 | 105,842 | 33,179 | 46,520 | 38,530 | 64,991 | 54,093 | 40,974 | 25,179 | 32,119 | 24,729 | 7,917 | -223 |
| total shareholders funds | 133,925 | 121,224 | 105,842 | 33,179 | 46,520 | 38,530 | 64,991 | 54,093 | 40,974 | 25,179 | 32,119 | 24,729 | 7,917 | -223 |
| Dec 2023 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 2,287 | 2,267 | 1,139 | 720 | 416 | 399 | 126 | 127 | 63 | |||||
| Amortisation | 4,000 | 4,000 | 3,000 | |||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -368 | -6,622 | -28,120 | -9,324 | 39,898 | -2,268 | -29,716 | -12,724 | -498 | -11 | -6,402 | 19,325 | 33,752 | 4,985 |
| Creditors | -2,021 | -3,429 | -6,278 | 3,364 | -13,249 | 13,072 | -145 | 277 | -31,639 | -1,556 | -5,475 | 22,995 | 25,612 | 5,208 |
| Accruals and Deferred Income | -3,675 | -8,876 | 9,110 | -5,164 | -11,213 | -11,761 | 31,579 | |||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| 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 | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 14,925 | 24,690 | 67,716 | -10,669 | -35,562 | -16,976 | 29,382 | 14,486 | 15,790 | -8,485 | 8,317 | 20,482 | ||
| overdraft | -1,698 | 1,698 | ||||||||||||
| change in cash | 14,925 | 24,690 | 67,716 | -8,971 | -37,260 | -16,976 | 29,382 | 14,486 | 15,790 | -8,485 | 8,317 | 20,482 |
the voluntary initiative community interest company Credit Report and Business Information
The Voluntary Initiative Community Interest Company Competitor Analysis
Perform a competitor analysis for the voluntary initiative community interest company by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in LU7 area or any other competitors across 12 key performance metrics.
the voluntary initiative community interest company Ownership
THE VOLUNTARY INITIATIVE COMMUNITY INTEREST COMPANY group structure
The Voluntary Initiative Community Interest Company has no subsidiary companies.
Ultimate parent company
THE VOLUNTARY INITIATIVE COMMUNITY INTEREST COMPANY
06967248
the voluntary initiative community interest company directors
The Voluntary Initiative Community Interest Company currently has 1 director, Mr David Bench serving since May 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Bench | England | 58 years | May 2022 | - | Director |
P&L
December 2023turnover
98.3k
+8%
operating profit
10.8k
0%
gross margin
12.7%
-7.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
133.9k
+0.1%
total assets
140.7k
+0.08%
cash
124.1k
+0.14%
net assets
Total assets minus all liabilities
the voluntary initiative community interest company company details
company number
06967248
Type
Private Ltd By Guarantee w/o Share Cap
industry
01610 - Support activities for crop production
incorporation date
July 2009
age
16
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
PI ACCOUNTANTS
auditor
-
address
littlemead, hollingdon, buckinghamshire, LU7 0DN
Bank
-
Legal Advisor
-
the voluntary initiative community interest company 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 the voluntary initiative community interest company.
the voluntary initiative community interest company 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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the voluntary initiative community interest company Companies House Filings - See Documents
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