Providence Wealth Corporation Limited

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providence wealth corporation limited Company Information

Live

EstablishedMid

Company Number

07060543

Website

www.providencewealthadv.com

Registered Address

suite 1, 7th floor 50 broadway, london, SW1H 0BL

Industry

Management consultancy activities (other than financial management)

Telephone

08456477799

Next Accounts Due

16 days late

Group Structure

View All

Directors

Charles Shaker14 Years

Shareholders

mr charles shaker 100%

providence wealth corporation limited Estimated Valuation

£31.7m

Pomanda estimates the enterprise value of PROVIDENCE WEALTH CORPORATION LIMITED at £31.7m based on Net Assets of £11.8m and 2.67x industry multiple (adjusted for liquidity).

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Providence Wealth Corporation Limited is a live company located in london, SW1H 0BL with a Companies House number of 07060543. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in October 2009, it's largest shareholder is mr charles shaker with a 100% stake. Providence Wealth Corporation Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.2m with unknown growth in recent years.

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Pomanda's financial health check has awarded Providence Wealth Corporation Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

2 Weak

Size

annual sales of £9.2m, make it larger than the average company (£578.9k)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Providence Wealth Corporation Limited's latest turnover from December 2022 is estimated at £9.2 million and the company has net assets of £11.8 million. According to their latest financial statements, we estimate that Providence Wealth Corporation Limited has 41 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010
Turnover	9,237,112	3,587,479	636,812	10,080,372	1,286,068	605,617	950,516	792,224	434,312	1,292,971	1,288,253	368,414
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,973,081	2,748,430	489,263	7,525,954	931,104	435,507	693,186	575,013	313,034	895,038	882,940	238,419
Gross Profit	2,264,031	839,049	147,549	2,554,418	354,964	170,109	257,330	217,212	121,279	397,932	405,313	129,995
Admin Expenses	69,939	-1,431,195	-9,973,001	909,629	-549,081	-651,064	-2,230	-370,314	-35,068	189,197	274,287	-108,224
Operating Profit	2,194,092	2,270,244	10,120,550	1,644,789	904,045	821,173	259,560	587,526	156,347	208,735	131,026	238,219
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	31,619	1,449	390	4,875	7,192	3,557	4,916	3,761	1,649	249	581	528
Pre-Tax Profit	2,225,711	2,271,693	10,120,940	1,649,664	911,237	824,730	264,476	591,287	157,996	208,984	131,607	238,747
Tax	-422,885	-431,622	-1,922,979	-313,436	-173,135	-164,946	-52,895	-124,170	-36,339	-50,156	-34,218	-66,849
Profit After Tax	1,802,826	1,840,071	8,197,961	1,336,228	738,102	659,784	211,581	467,117	121,657	158,828	97,389	171,898
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,802,826	1,840,071	8,197,961	1,336,228	738,102	659,784	211,581	467,117	121,657	158,828	97,389	171,898
Employee Costs	1,968,005	863,382	44,533	2,161,999	0	0	226,562	174,478	113,124	350,147	338,927	98,556
Number Of Employees	41	18	1	40	1	1	4	3	2	6	6	2
EBITDA*	2,196,413	2,275,043	10,132,930	1,711,690	941,189	842,669	271,316	605,418	173,870	230,054	140,960	243,376

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010
Tangible Assets	238,754	234,824	236,101	393,930	182,624	42,602	51,578	46,329	16,362	28,091	14,710	10,314
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	54,346	54,167	54,267	302	402	402	300	4,300	4,300	4,200	200	100
Debtors (Due After 1 year)	6,751,178	10,960,638	7,795,934	0	375,538	0	0	0	35,763	0	0	0
Total Fixed Assets	7,044,278	11,249,629	8,086,302	394,232	558,564	43,004	51,878	50,629	56,425	32,291	14,910	10,414
Stock & work in progress	0	0	0	0	0	0	0	0	0	150	150	50
Trade Debtors	4,675,568	0	0	4,975,063	830,960	217,778	305,893	233,656	113,217	398,533	383,491	97,364
Group Debtors	0	0	0	0	1,587,104	619,743	195,400	0	0	0	0	0
Misc Debtors	0	0	0	0	333,333	256,788	225,313	0	0	32,426	18,085	29,547
Cash	1,426,810	379,987	779,195	225,608	1,074,428	1,802,381	1,043,089	923,277	581,063	78,538	21,208	211,148
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,102,378	379,987	779,195	5,200,671	3,825,825	2,896,690	1,769,695	1,156,933	694,280	509,647	422,934	338,109
total assets	13,146,656	11,629,616	8,865,497	5,594,903	4,384,389	2,939,694	1,821,573	1,207,562	750,705	541,938	437,844	348,523
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,262,238	1,581,588	630,555	1,376,214	246,380	534,691	193,889	184,876	197,533	107,127	165,923	173,839
Group/Directors Accounts	0	0	0	0	1,269,883	325,873	15,135	2,578	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	132,407	185,354	379,810	0	0	0	0	0
total current liabilities	1,262,238	1,581,588	630,555	1,376,214	1,648,670	1,045,918	588,834	187,454	197,533	107,127	165,923	173,839
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	228,520	83,955	0	0	0	0	0	0	0
provisions	43,559	9,995	36,980	27,584	25,407	5,521	4,268	3,218	3,399	6,695	2,633	2,785
total long term liabilities	43,559	9,995	36,980	256,104	109,362	5,521	4,268	3,218	3,399	6,695	2,633	2,785
total liabilities	1,305,797	1,591,583	667,535	1,632,318	1,758,032	1,051,439	593,102	190,672	200,932	113,822	168,556	176,624
net assets	11,840,859	10,038,033	8,197,962	3,962,585	2,626,357	1,888,255	1,228,471	1,016,890	549,773	428,116	269,288	171,899
total shareholders funds	11,840,859	10,038,033	8,197,962	3,962,585	2,626,357	1,888,255	1,228,471	1,016,890	549,773	428,116	269,288	171,899

	Dec 2022	Dec 2021	Dec 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010
Operating Activities
Operating Profit	2,194,092	2,270,244	10,120,550	1,644,789	904,045	821,173	259,560	587,526	156,347	208,735	131,026	238,219
Depreciation	2,321	4,799	12,380	66,901	37,144	21,496	11,756	17,892	17,523	21,319	9,934	5,157
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-422,885	-431,622	-1,922,979	-313,436	-173,135	-164,946	-52,895	-124,170	-36,339	-50,156	-34,218	-66,849
Stock	0	0	0	0	0	0	0	0	-150	0	100	50
Debtors	466,108	3,164,704	7,795,934	1,848,128	2,032,626	367,703	492,950	84,676	-281,979	29,383	274,665	126,911
Creditors	-319,350	951,033	630,555	1,129,834	-288,311	340,802	9,013	-12,657	90,406	-58,796	-7,916	173,839
Accruals and Deferred Income	0	0	0	-132,407	-52,947	-194,456	379,810	0	0	0	0	0
Deferred Taxes & Provisions	33,564	-26,985	36,980	2,177	19,886	1,253	1,050	-181	-3,296	4,062	-152	2,785
Cash flow from operations	1,021,634	-397,235	1,081,552	549,730	-1,585,944	457,619	115,344	383,734	506,770	95,781	-176,091	226,190
Investing Activities
capital expenditure	-6,251	-3,522	-248,481	-278,207	-177,166	-12,520	-17,005	-47,859	-5,794	-34,700	-14,330	-15,471
Change in Investments	179	-100	54,267	-100	0	102	-4,000	0	100	4,000	100	100
cash flow from investments	-6,430	-3,422	-302,748	-278,107	-177,166	-12,622	-13,005	-47,859	-5,894	-38,700	-14,430	-15,571
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-1,269,883	944,010	310,738	12,557	2,578	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	144,565	83,955	0	0	0	0	0	0	0
share issue	0	0	1	0	0	0	0	0	0	0	0	1
interest	31,619	1,449	390	4,875	7,192	3,557	4,916	3,761	1,649	249	581	528
cash flow from financing	31,619	1,449	391	-1,120,443	1,035,157	314,295	17,473	6,339	1,649	249	581	529
cash and cash equivalents
cash	1,046,823	-399,208	779,195	-848,820	-727,953	759,292	119,812	342,214	502,525	57,330	-189,940	211,148
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,046,823	-399,208	779,195	-848,820	-727,953	759,292	119,812	342,214	502,525	57,330	-189,940	211,148

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for providence wealth corporation limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in SW1H area or any other competitors across 12 key performance metrics.

PROVIDENCE WEALTH CORPORATION LIMITED group structure

Providence Wealth Corporation Limited has 6 subsidiary companies.

Ultimate parent company

PROVIDENCE WEALTH CORPORATION LIMITED

07060543

6 subsidiaries

SCHMODEL LIMITED

09133270

LINJAWI LAW LIMITED

10518092

M CLUB LIMITED

10424941

PROVIDENCE SOLUTIONS LIMITED

07290497

DROWNING MAN LIMITED

12044218

TTP INVESTMENTS LIMITED

07290843

PROVIDENCE WEALTH CORPORATION LIMITED Shareholders

mr charles shaker

100%

Providence Wealth Corporation Limited currently has 1 director, Mr Charles Shaker serving since Jan 2010.

officer	country	age	start	end	role
Mr Charles Shaker	England	45 years	Jan 2010	-	Director

P&L

December 2022

turnover

9.2m

+157%

operating profit

2.2m

gross margin

24.6%

+4.8%

turnover

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

Balance Sheet

December 2022

net assets

11.8m

+0.18%

total assets

13.1m

+0.13%

cash

1.4m

+2.75%

net assets

Total assets minus all liabilities

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company number

07060543

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

October 2009

ultimate parent company

None

previous names

N/A

address

suite 1, 7th floor 50 broadway, london, SW1H 0BL

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providence wealth corporation limited Company Information

providence wealth corporation limited Estimated Valuation

providence wealth corporation limited Estimated Valuation

providence wealth corporation limited Estimated Valuation

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PROVIDENCE WEALTH CORPORATION LIMITED financials

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