kharis ministries
kharis ministries Company Information
Company Number
07308725
Next Accounts
2 days late
Shareholders
-
Group Structure
View All
Industry
Activities of religious organisations
Registered Address
53 tilney turn, basildon, bedfordshire, SS16 4LB
Website
https://kharis.orgkharis ministries Estimated Valuation
Pomanda estimates the enterprise value of KHARIS MINISTRIES at £1.4m based on a Turnover of £2.1m and 0.67x industry multiple (adjusted for size and gross margin).
kharis ministries Estimated Valuation
Pomanda estimates the enterprise value of KHARIS MINISTRIES at £3.6m based on an EBITDA of £1.1m and a 3.29x industry multiple (adjusted for size and gross margin).
kharis ministries Estimated Valuation
Pomanda estimates the enterprise value of KHARIS MINISTRIES at £8.7m based on Net Assets of £3.6m and 2.45x industry multiple (adjusted for liquidity).
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Kharis Ministries Overview
Kharis Ministries is a live company located in bedfordshire, SS16 4LB with a Companies House number of 07308725. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in July 2010, it's largest shareholder is unknown. Kharis Ministries is a established, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.
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Kharis Ministries Health Check
Pomanda's financial health check has awarded Kharis Ministries a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
1 Weak
Size
annual sales of £2.1m, make it larger than the average company (£287.9k)
£2.1m - Kharis Ministries
£287.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (1.8%)
29% - Kharis Ministries
1.8% - Industry AVG
Production
with a gross margin of 88%, this company has a comparable cost of product (88%)
88% - Kharis Ministries
88% - Industry AVG
Profitability
an operating margin of 45.2% make it more profitable than the average company (3.6%)
45.2% - Kharis Ministries
3.6% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (6)
5 - Kharis Ministries
6 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has a higher pay structure (£22.5k)
£46.1k - Kharis Ministries
£22.5k - Industry AVG
Efficiency
resulting in sales per employee of £428.7k, this is more efficient (£59.4k)
£428.7k - Kharis Ministries
£59.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Kharis Ministries
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Kharis Ministries
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kharis Ministries
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1239 weeks, this is more cash available to meet short term requirements (378 weeks)
1239 weeks - Kharis Ministries
378 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.4%, this is a lower level of debt than the average (5.5%)
3.4% - Kharis Ministries
5.5% - Industry AVG
KHARIS MINISTRIES financials
Kharis Ministries's latest turnover from June 2023 is £2.1 million and the company has net assets of £3.6 million. According to their latest financial statements, Kharis Ministries has 5 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,143,359 | 2,196,985 | 1,171,217 | 993,056 | 975,304 | 890,147 | 845,236 | 512,401 | 338,991 | ||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | 7,015 | 6,042 | |||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | 827,978 | 1,288,895 | 353,178 | 361,203 | 201,140 | 89,519 | 315,845 | 176,639 | 15,033 | ||||
| Tax | |||||||||||||
| Profit After Tax | 827,978 | 1,288,895 | 353,178 | 361,203 | 201,140 | 89,519 | 315,845 | 176,639 | 15,033 | ||||
| Dividends Paid | |||||||||||||
| Retained Profit | 827,978 | 1,288,895 | 353,178 | 361,203 | 201,140 | 89,519 | 315,845 | 176,639 | 15,033 | ||||
| Employee Costs | 230,721 | 229,765 | 137,524 | 202,485 | 88,821 | 45,018 | 36,672 | ||||||
| Number Of Employees | 5 | 5 | 5 | 4 | 10 | 9 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 345,840 | 215,630 | 204,340 | 154,949 | 162,426 | 147,945 | 211,551 | 196,756 | 232,396 | 219,333 | |||
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 360,056 | 128,746 | 1,000 | ||||||||||
| Total Fixed Assets | 705,896 | 344,376 | 205,340 | 154,949 | 162,426 | 147,945 | 211,551 | 196,756 | 232,396 | 219,333 | |||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 605,157 | ||||||||||||
| Group Debtors | |||||||||||||
| Misc Debtors | 1,500 | 6,100 | 6,100 | 17,471 | 4,600 | 2,600 | 1,600 | 1,600 | |||||
| Cash | 2,968,688 | 2,445,327 | 1,503,309 | 1,348,190 | 940,772 | 747,824 | 557,314 | 205,479 | 27,970 | ||||
| misc current assets | 3,010 | 21,215 | |||||||||||
| total current assets | 2,970,188 | 2,454,437 | 1,530,624 | 1,365,661 | 945,372 | 750,424 | 605,157 | 558,914 | 207,079 | 27,970 | |||
| total assets | 3,676,084 | 2,798,813 | 1,735,964 | 1,520,610 | 1,107,798 | 898,369 | 816,708 | 755,670 | 439,475 | 247,303 | |||
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 2,350 | ||||||||||||
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | 629 | 8,410 | 17,433 | ||||||||||
| other current liabilities | 124,566 | 75,273 | 301,319 | 438,514 | 379,124 | 361,812 | 2,350 | 2,000 | 1,500 | ||||
| total current liabilities | 124,566 | 75,273 | 301,319 | 439,143 | 387,534 | 379,245 | 2,350 | 2,350 | 2,000 | 1,500 | |||
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | |||||||||||||
| total long term liabilities | |||||||||||||
| total liabilities | 124,566 | 75,273 | 301,319 | 439,143 | 387,534 | 379,245 | 2,350 | 2,350 | 2,000 | 1,500 | |||
| net assets | 3,551,518 | 2,723,540 | 1,434,645 | 1,081,467 | 720,264 | 519,124 | 814,358 | 753,320 | 437,475 | 245,803 | |||
| total shareholders funds | 3,551,518 | 2,723,540 | 1,434,645 | 1,081,467 | 720,264 | 519,124 | 814,358 | 753,320 | 437,475 | 245,803 |
| Jun 2023 | Jun 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 115,280 | 71,877 | 66,041 | 51,649 | 54,150 | 49,314 | 41,773 | 45,262 | 76,722 | ||||
| Amortisation | |||||||||||||
| Tax | |||||||||||||
| Stock | |||||||||||||
| Debtors | 226,710 | 127,746 | -10,371 | 12,871 | 2,000 | -602,557 | 603,557 | 1,600 | |||||
| Creditors | -2,350 | 2,350 | |||||||||||
| Accruals and Deferred Income | 49,293 | -226,046 | -137,195 | 59,390 | 17,312 | 361,812 | -2,350 | 350 | 500 | 1,500 | |||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | -68,631 | -67,520 | |||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | -68,631 | -67,520 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | -629 | -7,781 | -9,023 | 17,433 | |||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | -7,015 | -6,042 | |||||||||||
| cash flow from financing | -629 | -7,781 | -16,038 | -373,362 | 15,033 | 230,770 | |||||||
| cash and cash equivalents | |||||||||||||
| cash | 523,361 | 942,018 | 155,119 | 407,418 | 192,948 | 747,824 | -557,314 | 351,835 | 177,509 | 27,970 | |||
| overdraft | |||||||||||||
| change in cash | 523,361 | 942,018 | 155,119 | 407,418 | 192,948 | 747,824 | -557,314 | 351,835 | 177,509 | 27,970 |
kharis ministries Credit Report and Business Information
Kharis Ministries Competitor Analysis
Perform a competitor analysis for kharis ministries by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SS16 area or any other competitors across 12 key performance metrics.
kharis ministries Ownership
KHARIS MINISTRIES group structure
Kharis Ministries has no subsidiary companies.
Ultimate parent company
KHARIS MINISTRIES
07308725
kharis ministries directors
Kharis Ministries currently has 4 directors. The longest serving directors include Mrs Priscilla Downes (Jan 2019) and Mr Thomas Owusu-Lane (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Priscilla Downes | 32 years | Jan 2019 | - | Director | |
| Mr Thomas Owusu-Lane | United Kingdom | 45 years | Jan 2019 | - | Director |
| Mr Jonathan Dumson-Kofhan | England | 45 years | Apr 2020 | - | Director |
| Ms Nadia Mensah | England | 32 years | Apr 2020 | - | Director |
P&L
June 2023turnover
2.1m
-2%
operating profit
968.6k
0%
gross margin
88%
-5.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.6m
+0.3%
total assets
3.7m
+0.31%
cash
3m
+0.21%
net assets
Total assets minus all liabilities
kharis ministries company details
company number
07308725
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
July 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
SIGMA CHARTERED CERTIFIED
address
53 tilney turn, basildon, bedfordshire, SS16 4LB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
kharis ministries 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 kharis ministries.
kharis ministries 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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kharis ministries Companies House Filings - See Documents
| date | description | view/download |
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