Ncg (manchester) Limited

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ncg (manchester) limited Company Information

Company Number

07307172

Next Accounts

May 2025

Directors

Sadiqbasha Thameembasha

Shareholders

ncg holdings ltd

Group Structure

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Industry

Technical and vocational secondary education

Registered Address

9 portland street, aytoun street entrance, manchester, M1 3BE

Website

https://www.newcollegegroup.com

ncg (manchester) limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of NCG (MANCHESTER) LIMITED at £6.9m based on a Turnover of £7.2m and 0.96x industry multiple (adjusted for size and gross margin).

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Ncg (manchester) Limited is a live company located in manchester, M1 3BE with a Companies House number of 07307172. It operates in the technical and vocational secondary education sector, SIC Code 85320. Founded in July 2010, it's largest shareholder is ncg holdings ltd with a 100% stake. Ncg (manchester) Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.2m with high growth in recent years.

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

Health Rating3out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £7.2m, make it larger than the average company (£827.7k)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (4.7%)

EXPORT

Ncg (Manchester) Limited's latest turnover from August 2023 is estimated at £7.2 million and the company has net assets of -£1.1 million. According to their latest financial statements, we estimate that Ncg (Manchester) Limited has 111 employees and maintains cash reserves of £238.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Turnover	7,181,649	3,827,188	2,211,189	4,003,468	12,146,745	4,780,591	3,777,403	6,206,780	3,853,882	4,232,993	5,754,844	3,903,617	391,633
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,174,690	1,652,798	992,537	1,848,687	5,753,752	2,189,868	1,787,496	3,236,031	2,088,903	2,142,373	3,066,128	2,096,105	195,489
Gross Profit	4,006,959	2,174,389	1,218,652	2,154,781	6,392,993	2,590,723	1,989,906	2,970,749	1,764,979	2,090,619	2,688,716	1,807,513	196,144
Admin Expenses	4,215,184	3,523,872	1,771,567	2,337,913	5,988,525	2,563,834	1,899,696	3,007,294	1,755,334	1,764,339	2,100,120	1,453,031	207,725
Operating Profit	-208,225	-1,349,483	-552,915	-183,132	404,468	26,889	90,210	-36,545	9,645	326,280	588,596	354,482	-11,581
Interest Payable	107,580	73,625	30,500	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,157	10,851	665	221	1,138	376	727	4,877	7,006	5,760	3,365	1,166	107
Pre-Tax Profit	-305,648	-1,412,257	-582,750	-182,911	405,606	27,265	90,937	-31,668	16,651	332,041	591,961	355,649	-11,474
Tax	0	0	0	0	-77,065	-5,180	-17,278	0	-3,330	-69,729	-136,151	-85,356	0
Profit After Tax	-305,648	-1,412,257	-582,750	-182,911	328,541	22,085	73,659	-31,668	13,321	262,312	455,810	270,293	-11,474
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-305,648	-1,412,257	-582,750	-182,911	328,541	22,085	73,659	-31,668	13,321	262,312	455,810	270,293	-11,474
Employee Costs	3,838,026	921,326	703,908	1,264,408	1,879,452	1,606,092	1,533,131	2,974,559	1,897,772	1,992,401	2,593,665	1,743,154	212,162
Number Of Employees	111	29	23	42	63	54	54	110	67	74	100	66	8
EBITDA*	-184,853	-1,319,450	-513,754	-125,318	474,745	120,327	214,793	-5,842	30,512	344,456	594,284	355,522	-11,001

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Tangible Assets	69,905	92,267	117,943	156,604	211,760	280,841	373,750	498,333	62,598	43,472	17,063	11,948	4,161
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	69,905	92,267	117,943	156,604	211,760	280,841	373,750	498,333	62,598	43,472	17,063	11,948	4,161
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	429,973	424,933	162,539	355,852	1,900,076	649,807	411,775	538,867	253,480	298,787	501,039	326,632	24,823
Group Debtors	55,918	5,918	482,052	940,098	835,328	423,133	270,393	0	0	0	0	0	0
Misc Debtors	1,491,198	632,465	639,565	79,740	247,045	184,136	301,441	320,212	0	0	0	0	0
Cash	238,667	148,277	1,091,833	237,598	203,931	99,459	51,061	530,376	1,420,568	1,381,784	922,278	423,723	42,773
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,215,756	1,211,593	2,375,989	1,613,288	3,186,380	1,356,535	1,034,670	1,389,455	1,674,048	1,680,571	1,423,317	750,355	67,596
total assets	2,285,661	1,303,860	2,493,932	1,769,892	3,398,140	1,637,376	1,408,420	1,887,788	1,736,646	1,724,043	1,440,380	762,303	71,757
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	230,034	200,000	116,667	0	0	0	0	0	0	0	0	0	0
Trade Creditors	415,004	290,694	410,631	167,690	320,092	182,022	142,861	314,993	733,863	738,407	722,338	501,094	83,230
Group/Directors Accounts	681,362	14,555	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	1,260,251	876,453	444,173	372,975	1,654,934	347,655	158,555	559,742	0	0	0	0	0
total current liabilities	2,586,651	1,381,702	971,471	540,665	1,975,026	529,677	301,416	874,735	733,863	738,407	722,338	501,094	83,230
loans	782,500	700,000	883,333	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
Accruals and Deferred Income	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
provisions	17,196	17,196	21,909	29,258	40,234	53,360	74,750	54,458	12,520	8,694	3,412	2,389	0
total long term liabilities	799,696	717,196	905,242	29,258	40,234	53,360	74,750	54,458	12,520	8,694	3,412	2,389	0
total liabilities	3,386,347	2,098,898	1,876,713	569,923	2,015,260	583,037	376,166	929,193	746,383	747,101	725,750	503,483	83,230
net assets	-1,100,686	-795,038	617,219	1,199,969	1,382,880	1,054,339	1,032,254	958,595	990,263	976,942	714,630	258,820	-11,473
total shareholders funds	-1,100,686	-795,038	617,219	1,199,969	1,382,880	1,054,339	1,032,254	958,595	990,263	976,942	714,630	258,820	-11,473

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Operating Activities
Operating Profit	-208,225	-1,349,483	-552,915	-183,132	404,468	26,889	90,210	-36,545	9,645	326,280	588,596	354,482	-11,581
Depreciation	23,372	30,033	39,161	57,814	70,277	93,438	124,583	30,703	20,867	18,176	5,688	1,040	580
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-77,065	-5,180	-17,278	0	-3,330	-69,729	-136,151	-85,356	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	913,773	-220,840	-91,534	-1,606,759	1,725,373	273,467	124,530	605,599	-45,307	-202,252	174,407	301,809	24,823
Creditors	124,310	-119,937	242,941	-152,402	138,070	39,161	-172,132	-418,870	-4,544	16,069	221,244	417,864	83,230
Accruals and Deferred Income	383,798	432,280	71,198	-1,281,959	1,307,279	189,100	-401,187	559,742	0	0	0	0	0
Deferred Taxes & Provisions	0	-4,713	-7,349	-10,976	-13,126	-21,390	20,292	41,938	3,826	5,282	1,023	2,389	0
Cash flow from operations	-590,518	-790,980	-115,430	36,104	104,530	48,551	-480,042	-428,631	71,771	498,330	505,993	388,610	47,406
Investing Activities
capital expenditure	-1,010	-4,357	-500	-2,658	-1,196	-529	0	-466,438	-39,993	-44,585	-10,803	-8,827	-4,741
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,010	-4,357	-500	-2,658	-1,196	-529	0	-466,438	-39,993	-44,585	-10,803	-8,827	-4,741
Financing Activities
Bank loans	30,034	83,333	116,667	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	666,807	14,555	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	82,500	-183,333	883,333	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-97,423	-62,774	-29,835	221	1,138	376	727	4,877	7,006	5,760	3,365	1,166	107
cash flow from financing	681,918	-148,219	970,165	221	1,138	376	727	4,877	7,006	5,760	3,365	1,166	108
cash and cash equivalents
cash	90,390	-943,556	854,235	33,667	104,472	48,398	-479,315	-890,192	38,784	459,506	498,555	380,950	42,773
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	90,390	-943,556	854,235	33,667	104,472	48,398	-479,315	-890,192	38,784	459,506	498,555	380,950	42,773

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NCG (MANCHESTER) LIMITED group structure

Ncg (Manchester) Limited has no subsidiary companies.

Ultimate parent company

NCG HOLDINGS LTD

09672591

1 parent

NCG (MANCHESTER) LIMITED

07307172

NCG (MANCHESTER) LIMITED Shareholders

ncg holdings ltd

100%

Ncg (Manchester) Limited currently has 1 director, Mr Sadiqbasha Thameembasha serving since Jul 2010.

officer	country	age	start	end	role
Mr Sadiqbasha Thameembasha	England	45 years	Jul 2010	-	Director

P&L

August 2023

turnover

7.2m

+88%

operating profit

-208.2k

gross margin

55.8%

-1.8%

turnover

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

Balance Sheet

August 2023

net assets

-1.1m

+0.38%

total assets

2.3m

+0.75%

cash

238.7k

+0.61%

net assets

Total assets minus all liabilities

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company number

07307172

Type

Private limited with Share Capital

industry

85320 - Technical and vocational secondary education

incorporation date

July 2010

ultimate parent company

NCG HOLDINGS LTD

previous names

new college manchester limited (August 2015)

address

9 portland street, aytoun street entrance, manchester, M1 3BE

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 ncg (manchester) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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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ncg (manchester) limited Company Information

ncg (manchester) limited Estimated Valuation

ncg (manchester) limited Estimated Valuation

ncg (manchester) limited Estimated Valuation

Ncg (manchester) Limited Overview

Ncg (manchester) Limited Health Check

NCG (MANCHESTER) LIMITED financials

ncg (manchester) limited Credit Report and Business Information

Ncg (manchester) Limited Competitor Analysis

ncg (manchester) limited Ownership

ncg (manchester) limited directors

ncg (manchester) limited company details

ncg (manchester) limited Charges & Mortgages

ncg (manchester) limited Capital Raised & Share Issues BETA

ncg (manchester) limited Companies House Filings - See Documents