the northworthy trust
the northworthy trust Company Information
Group Structure
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Industry
General secondary education
Registered Address
c/o pkf smith cooper, prospect house, 1 prospect place, derby, DE24 8HG
the northworthy trust Estimated Valuation
Pomanda estimates the enterprise value of THE NORTHWORTHY TRUST at £7.3m based on a Turnover of £8.8m and 0.83x industry multiple (adjusted for size and gross margin).
the northworthy trust Estimated Valuation
Pomanda estimates the enterprise value of THE NORTHWORTHY TRUST at £0 based on an EBITDA of £-38.4m and a 4.92x industry multiple (adjusted for size and gross margin).
the northworthy trust Estimated Valuation
Pomanda estimates the enterprise value of THE NORTHWORTHY TRUST at £0 based on Net Assets of £0 and 2.5x industry multiple (adjusted for liquidity).
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The Northworthy Trust Overview
The Northworthy Trust is a dissolved company that was located in derby, DE24 8HG with a Companies House number of 07532146. It operated in the general secondary education sector, SIC Code 85310. Founded in February 2011, it's largest shareholder was unknown. The last turnover for The Northworthy Trust was estimated at £8.8m.
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The Northworthy Trust Health Check
Pomanda's financial health check has awarded The Northworthy Trust a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £8.8m, make it larger than the average company (£7m)
£8.8m - The Northworthy Trust
£7m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (2.3%)
-35% - The Northworthy Trust
2.3% - Industry AVG
Production
with a gross margin of 46.6%, this company has a comparable cost of product (46.6%)
46.6% - The Northworthy Trust
46.6% - Industry AVG
Profitability
an operating margin of -445.1% make it less profitable than the average company (6%)
-445.1% - The Northworthy Trust
6% - Industry AVG
Employees
with 394 employees, this is above the industry average (138)
394 - The Northworthy Trust
138 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has a lower pay structure (£37.7k)
£18.4k - The Northworthy Trust
£37.7k - Industry AVG
Efficiency
resulting in sales per employee of £22.2k, this is less efficient (£51.4k)
£22.2k - The Northworthy Trust
£51.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Northworthy Trust
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Northworthy Trust
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Northworthy Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is less cash available to meet short term requirements (94 weeks)
52 weeks - The Northworthy Trust
94 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (24%)
100% - The Northworthy Trust
24% - Industry AVG
THE NORTHWORTHY TRUST financials
The Northworthy Trust's latest turnover from March 2021 is £8.8 million and the company has net assets of 0. According to their latest financial statements, The Northworthy Trust has 394 employees and maintains cash reserves of £25 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,754,366 | 19,756,770 | 19,378,437 | 32,314,796 | 27,058,319 | 7,576,360 | 7,365,476 | 7,813,837 | 7,287,894 | 31,736,958 | 3,452,324 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | -38,968,423 | -2,289,534 | -2,566,354 | 12,405,817 | 14,015,876 | -527,562 | -706,014 | -15,079 | -365,200 | 22,212,305 | 504,368 |
| Tax | |||||||||||
| Profit After Tax | -38,968,423 | -2,289,534 | -2,566,354 | 12,405,817 | 14,015,876 | -527,562 | -706,014 | -15,079 | -365,200 | 22,212,305 | 504,368 |
| Dividends Paid | |||||||||||
| Retained Profit | -38,968,423 | -2,289,534 | -2,566,354 | 12,405,817 | 14,015,876 | -527,562 | -706,014 | -15,079 | -365,200 | 22,212,305 | 504,368 |
| Employee Costs | 7,247,955 | 16,324,191 | 15,725,367 | 14,153,202 | 9,737,019 | 5,662,706 | 5,654,717 | 5,447,546 | 5,395,596 | 5,394,814 | 2,301,256 |
| Number Of Employees | 394 | 420 | 439 | 421 | 362 | 187 | 200 | 151 | 157 | 161 | 167 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 52,243,501 | 53,452,913 | 54,673,978 | 39,770,060 | 21,802,880 | 22,290,312 | 22,744,373 | 22,663,423 | 23,090,075 | 139,318 | |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 52,243,501 | 53,452,913 | 54,673,978 | 39,770,060 | 21,802,880 | 22,290,312 | 22,744,373 | 22,663,423 | 23,090,075 | 139,318 | |
| Stock & work in progress | 13,275 | 13,275 | 12,398 | 11,943 | 11,014 | 2,230 | 3,757 | 4,343 | |||
| Trade Debtors | 215,964 | 98,067 | 97,578 | 25,473 | 1,370 | 1,478 | 31,037 | 2,649 | 953 | 32,441 | |
| Group Debtors | |||||||||||
| Misc Debtors | 1,109,919 | 585,672 | 460,812 | 394,157 | 226,205 | 191,018 | 406,672 | 235,805 | 128,084 | 87,219 | |
| Cash | 25,000 | 1,404,536 | 1,530,141 | 2,531,653 | 1,633,581 | 905,958 | 803,592 | 783,279 | 1,242,672 | 1,249,628 | 2,437,029 |
| misc current assets | |||||||||||
| total current assets | 25,000 | 2,730,419 | 2,213,880 | 3,103,318 | 2,066,486 | 1,145,931 | 1,008,031 | 1,232,002 | 1,483,356 | 1,382,422 | 2,561,032 |
| total assets | 25,000 | 54,973,920 | 55,666,793 | 57,777,296 | 41,836,546 | 22,948,811 | 23,298,343 | 23,976,375 | 24,146,779 | 24,472,497 | 2,700,350 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 1,227,000 | 541,866 | 713,834 | 498,590 | 210,099 | 223,001 | 271,011 | 309,250 | 411,527 | 1,331,918 | |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 25,000 | 797,497 | 939,970 | 1,085,151 | 364,462 | 226,094 | 185,162 | 250,170 | 462,256 | 378,497 | 86,264 |
| total current liabilities | 25,000 | 2,024,497 | 1,481,836 | 1,798,985 | 863,052 | 436,193 | 408,163 | 521,181 | 771,506 | 790,024 | 1,418,182 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 11,850,000 | 12,323,000 | 7,338,000 | 6,448,000 | 2,846,000 | 1,712,000 | 1,587,000 | 1,232,000 | 1,039,000 | 851,000 | |
| total liabilities | 25,000 | 13,874,497 | 13,804,836 | 9,136,985 | 7,311,052 | 3,282,193 | 2,120,163 | 2,108,181 | 2,003,506 | 1,829,024 | 2,269,182 |
| net assets | 41,099,423 | 41,861,957 | 48,640,311 | 34,525,494 | 19,666,618 | 21,178,180 | 21,868,194 | 22,143,273 | 22,643,473 | 431,168 | |
| total shareholders funds | 41,099,423 | 41,861,957 | 48,640,311 | 34,525,494 | 19,666,618 | 21,178,180 | 21,868,194 | 22,143,273 | 22,643,473 | 431,168 |
| Mar 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 530,076 | 1,294,999 | 1,379,818 | 1,544,165 | 682,099 | 506,605 | 506,430 | 543,856 | 515,906 | 422,277 | 7,333 |
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | -13,275 | 877 | 455 | 929 | 8,784 | -1,527 | -586 | 4,343 | |||
| Debtors | -1,325,883 | 642,144 | 125,349 | 138,760 | 192,055 | 35,079 | -245,213 | 199,255 | 109,417 | 9,377 | 119,660 |
| Creditors | -1,227,000 | 685,134 | -171,968 | 215,244 | 288,491 | -12,902 | -48,010 | -38,239 | -102,277 | -920,391 | 1,331,918 |
| Accruals and Deferred Income | -772,497 | -142,473 | -145,181 | 720,689 | 138,368 | 40,932 | -65,008 | -212,086 | 83,759 | 292,233 | 86,264 |
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | -142,155 | -866 | 7,563 | 3,184 | -79,070 | -63,283 | -584,087 | -92,469 | |||
| Change in Investments | |||||||||||
| cash flow from investments | -142,155 | -866 | 7,563 | 3,184 | -79,070 | -63,283 | -584,087 | -92,469 | |||
| 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 | -2,131,000 | 1,527,000 | -4,212,000 | 1,709,000 | 843,000 | -984,000 | 16,000 | -260,000 | -135,000 | -73,200 | |
| cash and cash equivalents | |||||||||||
| cash | -1,379,536 | -125,605 | -1,001,512 | 898,072 | 727,623 | 102,366 | 20,313 | -459,393 | -6,956 | -1,187,401 | 2,437,029 |
| overdraft | |||||||||||
| change in cash | -1,379,536 | -125,605 | -1,001,512 | 898,072 | 727,623 | 102,366 | 20,313 | -459,393 | -6,956 | -1,187,401 | 2,437,029 |
the northworthy trust Credit Report and Business Information
The Northworthy Trust Competitor Analysis
Perform a competitor analysis for the northworthy trust by selecting its closest rivals, whether from the EDUCATION sector, other undefined companies, companies in DE24 area or any other competitors across 12 key performance metrics.
the northworthy trust Ownership
THE NORTHWORTHY TRUST group structure
The Northworthy Trust has no subsidiary companies.
Ultimate parent company
THE NORTHWORTHY TRUST
07532146
the northworthy trust directors
The Northworthy Trust currently has 6 directors. The longest serving directors include Mr Mark Gallimore (Feb 2011) and Mr Jon Hemsley (Apr 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Gallimore | 65 years | Feb 2011 | - | Director | |
| Mr Jon Hemsley | United Kingdom | 54 years | Apr 2011 | - | Director |
| Mr Michael Ainsley | England | 75 years | Jan 2017 | - | Director |
| Mrs Claire Jackson | United Kingdom | 51 years | Jan 2017 | - | Director |
| Mr David Phillips | United Kingdom | 69 years | Sep 2020 | - | Director |
| Mr Neil Calvert | 52 years | Feb 2021 | - | Director |
P&L
March 2021turnover
8.8m
-56%
operating profit
-39m
0%
gross margin
46.7%
-0.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2021net assets
0
-1%
total assets
25k
-1%
cash
25k
-0.98%
net assets
Total assets minus all liabilities
the northworthy trust company details
company number
07532146
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85310 - General secondary education
incorporation date
February 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2021
previous names
the long eaton school academy trust (November 2016)
accountant
-
auditor
PFK SMITH COOPER AUDIT LIMITED
address
c/o pkf smith cooper, prospect house, 1 prospect place, derby, DE24 8HG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
the northworthy trust 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 northworthy trust.
the northworthy trust 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 northworthy trust Companies House Filings - See Documents
| date | description | view/download |
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