Iron Mill Education Limited

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iron mill education limited Company Information

Live

EstablishedSmallHigh

Company Number

07489345

Website

www.ironmill.co.uk

Registered Address

7 barnfield crescent, exeter, EX1 1QT

Industry

Other education n.e.c.

Telephone

01392219200

Next Accounts Due

April 2025

Group Structure

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Directors

Patrick Kitterick12 Years

William Fitzpatrick12 Years

Shareholders

ccs training ltd 100%

iron mill education limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of IRON MILL EDUCATION LIMITED at £1.2m based on a Turnover of £1.6m and 0.77x industry multiple (adjusted for size and gross margin).

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Iron Mill Education Limited is a live company located in exeter, EX1 1QT with a Companies House number of 07489345. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in January 2011, it's largest shareholder is ccs training ltd with a 100% stake. Iron Mill Education Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.

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Pomanda's financial health check has awarded Iron Mill Education 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 £1.6m, make it larger than the average company (£521.1k)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (4.3%)

EXPORT

Iron Mill Education Limited's latest turnover from July 2023 is estimated at £1.6 million and the company has net assets of -£602.1 thousand. According to their latest financial statements, Iron Mill Education Limited has 38 employees and maintains cash reserves of £226.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Turnover	1,597,368	1,361,400	930,944	765,533	781,524	778,882	807,757	769,256	1,140,653	1,138,683	571,614	495,887	424,374
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	728,951	593,204	443,623	368,136	399,297	406,795	414,351	391,642	593,727	617,546	297,579	252,938	219,591
Gross Profit	868,417	768,196	487,322	397,397	382,227	372,088	393,406	377,614	546,926	521,137	274,035	242,949	204,784
Admin Expenses	939,713	611,545	314,066	295,116	450,078	456,249	367,544	448,416	433,963	585,812	350,886	317,413	464,699
Operating Profit	-71,296	156,651	173,256	102,281	-67,851	-84,161	25,862	-70,802	112,963	-64,675	-76,851	-74,464	-259,915
Interest Payable	55,522	34,769	28,787	27,612	29,109	27,707	26,153	24,522	21,812	10,738	0	0	0
Interest Receivable	12,650	5,331	472	268	1,058	548	291	512	278	92	25	48	23
Pre-Tax Profit	-114,168	127,212	144,941	74,937	-95,902	-111,321	0	-94,812	91,429	-75,322	-76,826	-74,416	-259,892
Tax	0	-24,170	-27,539	-14,238	0	0	0	0	-18,286	0	0	0	0
Profit After Tax	-114,168	103,042	117,402	60,699	-95,902	-111,321	0	-94,812	73,143	-75,322	-76,826	-74,416	-259,892
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-114,168	103,042	117,402	60,699	-95,902	-111,321	0	-94,812	73,143	-75,322	-76,826	-74,416	-259,892
Employee Costs	1,089,029	950,646	883,245	644,108	708,050	685,804	713,190	622,327	588,179	554,047	288,731	259,865	232,933
Number Of Employees	38	35	33	25	28	28	30	26	24	23	12	11	10
EBITDA*	-41,540	182,094	190,412	124,134	-42,044	-57,989	49,127	-54,833	129,440	-47,153	-60,387	-59,638	-240,923

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Tangible Assets	77,049	165,103	94,383	93,435	87,834	99,423	110,053	91,599	74,326	28,525	10,593	10,935	13,781
Intangible Assets	0	0	0	5,063	15,193	25,323	35,453	45,583	55,713	65,843	75,973	86,103	96,233
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	77,049	165,103	94,383	98,498	103,027	124,746	145,506	137,182	130,039	94,368	86,566	97,038	110,014
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	85,069	70,319	5,482	6,070	4,285	6,577	2,520	13,265	36,382	18,838	16,733	17,097	16,452
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	55,817	43,938	36,101	34,809	36,698	39,674	35,862	24,276	0	0	0	0	0
Cash	226,779	279,230	573,660	371,252	165,621	116,476	102,535	130,228	74,523	36,637	47	9,796	9,343
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	367,665	393,487	615,243	412,131	206,604	162,727	140,917	167,769	110,905	55,475	16,780	26,893	25,795
total assets	444,714	558,590	709,626	510,629	309,631	287,473	286,423	304,951	240,944	149,843	103,346	123,931	135,809
Bank overdraft	6,000	7,716	6,000	500	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	60,389	46,444	43,119	58,953	29,120	23,204	20,974	20,438	300,048	286,098	155,530	136,078	128,270
Group/Directors Accounts	0	0	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	464,493	486,629	785,894	687,802	616,524	508,021	403,417	371,660	0	0	0	0	0
total current liabilities	530,882	540,789	835,013	747,255	645,644	531,225	424,391	392,098	300,048	286,098	155,530	136,078	128,270
loans	515,936	479,838	465,591	471,754	433,066	429,425	423,101	413,791	340,722	330,414	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	787	7,087	13,387	19,687	358,850	322,061	265,000
provisions	0	25,899	0	0	0	0	0	0	0	0	0	0	2,331
total long term liabilities	515,936	505,737	465,591	471,754	433,066	429,425	423,888	420,878	354,109	350,101	358,850	322,061	267,331
total liabilities	1,046,818	1,046,526	1,300,604	1,219,009	1,078,710	960,650	848,279	812,976	654,157	636,199	514,380	458,139	395,601
net assets	-602,104	-487,936	-590,978	-708,380	-769,079	-673,177	-561,856	-508,025	-413,213	-486,356	-411,034	-334,208	-259,792
total shareholders funds	-602,104	-487,936	-590,978	-708,380	-769,079	-673,177	-561,856	-508,025	-413,213	-486,356	-411,034	-334,208	-259,792

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Operating Activities
Operating Profit	-71,296	156,651	173,256	102,281	-67,851	-84,161	25,862	-70,802	112,963	-64,675	-76,851	-74,464	-259,915
Depreciation	29,756	25,443	12,093	11,723	15,677	16,042	13,135	5,839	6,347	7,392	6,334	4,696	2,125
Amortisation	0	0	5,063	10,130	10,130	10,130	10,130	10,130	10,130	10,130	10,130	10,130	16,867
Tax	0	-24,170	-27,539	-14,238	0	0	0	0	-18,286	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	26,629	72,674	704	-104	-5,268	7,869	841	1,159	17,544	2,105	-364	645	16,452
Creditors	13,945	3,325	-15,834	29,833	5,916	2,230	536	-279,610	13,950	130,568	19,452	7,808	128,270
Accruals and Deferred Income	-22,136	-299,265	98,092	71,278	108,503	104,604	31,757	371,660	0	0	0	0	0
Deferred Taxes & Provisions	-25,899	25,899	0	0	0	0	0	0	0	0	0	-2,331	2,331
Cash flow from operations	-102,259	-184,791	244,427	211,111	77,643	40,976	80,579	36,058	107,560	81,310	-40,571	-54,806	-126,774
Investing Activities
capital expenditure	58,298	-96,163	-13,041	-17,324	-4,088	-5,412	0	-23,112	-52,148	-25,324	-5,992	-1,850	-129,006
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	58,298	-96,163	-13,041	-17,324	-4,088	-5,412	0	-23,112	-52,148	-25,324	-5,992	-1,850	-129,006
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	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	36,098	14,247	-6,163	38,688	3,641	6,324	9,310	73,069	10,308	330,414	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	-787	-6,300	-6,300	-6,300	-339,163	36,789	57,061	265,000
share issue	0	0	0	0	0	0	-53,831	0	0	0	0	0	100
interest	-42,872	-29,438	-28,315	-27,344	-28,051	-27,159	-25,862	-24,010	-21,534	-10,646	25	48	23
cash flow from financing	-6,774	-15,191	-34,478	11,344	-24,410	-21,622	-76,683	42,759	-17,526	-19,395	36,814	57,109	265,123
cash and cash equivalents
cash	-52,451	-294,430	202,408	205,631	49,145	13,941	-27,693	55,705	37,886	36,590	-9,749	453	9,343
overdraft	-1,716	1,716	5,500	500	0	0	0	0	0	0	0	0	0
change in cash	-50,735	-296,146	196,908	205,131	49,145	13,941	-27,693	55,705	37,886	36,590	-9,749	453	9,343

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IRON MILL EDUCATION LIMITED group structure

Iron Mill Education Limited has no subsidiary companies.

Ultimate parent company

MORWENSTOW EDUCATION LIMITED

IE700547

CCS TRAINING LIMITED

IE387000

2 parents

IRON MILL EDUCATION LIMITED

07489345

IRON MILL EDUCATION LIMITED Shareholders

ccs training ltd

100%

Iron Mill Education Limited currently has 2 directors. The longest serving directors include Mr Patrick Kitterick (Apr 2012) and Mr William Fitzpatrick (Apr 2012).

officer	country	age	start	end	role
Mr Patrick Kitterick	Ireland	74 years	Apr 2012	-	Director
Mr William Fitzpatrick	Northern Ireland	62 years	Apr 2012	-	Director

P&L

July 2023

turnover

1.6m

+17%

operating profit

-71.3k

gross margin

54.4%

-3.65%

turnover

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

Balance Sheet

July 2023

net assets

-602.1k

+0.23%

total assets

444.7k

-0.2%

cash

226.8k

-0.19%

net assets

Total assets minus all liabilities

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company number

07489345

Type

Private limited with Share Capital

industry

85590 - Other education n.e.c.

incorporation date

January 2011

accounts

Total Exemption Full

ultimate parent company

MORWENSTOW EDUCATION LIMITED

previous names

N/A

last accounts submitted

July 2023

address

7 barnfield crescent, exeter, EX1 1QT

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 1 charges/mortgages relating to iron mill education limited. Currently there are 1 open charges and 0 have been satisfied in the past.

iron mill education limited Company Information

iron mill education limited Estimated Valuation

iron mill education limited Estimated Valuation

iron mill education limited Estimated Valuation

Iron Mill Education Limited Overview

Iron Mill Education Limited Health Check

IRON MILL EDUCATION LIMITED financials

iron mill education limited Credit Report and Business Information

Iron Mill Education Limited Competitor Analysis

iron mill education limited Ownership

iron mill education limited directors

iron mill education limited company details

iron mill education limited Charges & Mortgages

iron mill education limited Companies House Filings - See Documents