i-trust education
i-trust education Company Information
Company Number
07559439
Registered Address
wainstalls school, wainstalls road, halifax, HX2 7TE
Industry
Primary education
Telephone
01422244471
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
i-trust education Estimated Valuation
Pomanda estimates the enterprise value of I-TRUST EDUCATION at £4.1m based on a Turnover of £5.3m and 0.77x industry multiple (adjusted for size and gross margin).
i-trust education Estimated Valuation
Pomanda estimates the enterprise value of I-TRUST EDUCATION at £0 based on an EBITDA of £-222.8k and a 6.85x industry multiple (adjusted for size and gross margin).
i-trust education Estimated Valuation
Pomanda estimates the enterprise value of I-TRUST EDUCATION at £26.4m based on Net Assets of £8.5m and 3.11x industry multiple (adjusted for liquidity).
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I-trust Education Overview
I-trust Education is a live company located in halifax, HX2 7TE with a Companies House number of 07559439. It operates in the primary education sector, SIC Code 85200. Founded in March 2011, it's largest shareholder is unknown. I-trust Education is a established, mid sized company, Pomanda has estimated its turnover at £5.3m with healthy growth in recent years.
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I-trust Education Health Check
Pomanda's financial health check has awarded I-Trust Education a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £5.3m, make it larger than the average company (£4.1m)
£5.3m - I-trust Education
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.6%)
6% - I-trust Education
5.6% - Industry AVG
Production
with a gross margin of 41.4%, this company has a comparable cost of product (41.4%)
41.4% - I-trust Education
41.4% - Industry AVG
Profitability
an operating margin of -8.7% make it less profitable than the average company (5%)
-8.7% - I-trust Education
5% - Industry AVG
Employees
with 181 employees, this is above the industry average (91)
181 - I-trust Education
91 - Industry AVG
Pay Structure
on an average salary of £24.9k, the company has a lower pay structure (£33.1k)
£24.9k - I-trust Education
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £29.6k, this is less efficient (£45.6k)
£29.6k - I-trust Education
£45.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is later than average (1 days)
2 days - I-trust Education
1 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (18 days)
9 days - I-trust Education
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - I-trust Education
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is less cash available to meet short term requirements (99 weeks)
50 weeks - I-trust Education
99 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.2%, this is a lower level of debt than the average (11.3%)
4.2% - I-trust Education
11.3% - Industry AVG
I-TRUST EDUCATION financials
I-Trust Education's latest turnover from August 2023 is £5.3 million and the company has net assets of £8.5 million. According to their latest financial statements, I-Trust Education has 181 employees and maintains cash reserves of £340 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,348,983 | 4,960,029 | 4,635,856 | 4,471,403 | 4,665,821 | 4,398,454 | 4,081,168 | 3,613,768 | 4,385,099 | 4,864,989 | 2,595,380 | 8,916,970 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134,904 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82,000 | 23,844 | 0 | 0 | 0 |
| Pre-Tax Profit | -451,733 | -872,921 | -565,248 | -503,422 | 28,954 | 102,936 | -76,134 | -202,966 | 855,372 | 1,493,687 | -67,649 | 5,550,943 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -451,733 | -872,921 | -565,248 | -503,422 | 28,954 | 102,936 | -76,134 | -202,966 | 855,372 | 1,493,687 | -67,649 | 5,550,943 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -451,733 | -872,921 | -565,248 | -503,422 | 28,954 | 102,936 | -76,134 | -202,966 | 855,372 | 1,493,687 | -67,649 | 5,550,943 |
| Employee Costs | 4,512,775 | 4,618,060 | 4,194,541 | 3,978,469 | 3,625,439 | 3,186,477 | 3,143,539 | 2,725,189 | 2,559,866 | 2,411,324 | 1,677,661 | 2,199,530 |
| Number Of Employees | 181 | 177 | 173 | 175 | 172 | 148 | 146 | 147 | 126 | 83 | 58 | 53 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,169,792 | 8,375,862 | 8,400,716 | 8,419,209 | 8,485,402 | 7,873,060 | 7,892,251 | 7,808,462 | 7,964,248 | 6,913,270 | 5,676,999 | 5,771,287 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 192,000 | 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 |
| Total Fixed Assets | 8,361,792 | 8,375,862 | 8,400,716 | 8,419,209 | 8,485,402 | 7,873,060 | 7,892,251 | 7,808,462 | 7,964,248 | 6,913,270 | 5,676,999 | 5,771,287 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270 | 570 | 429 |
| Trade Debtors | 38,226 | 43,340 | 32,747 | 34,134 | 31,153 | 27,590 | 48,037 | 37,813 | 43,474 | 47,678 | 39,976 | 37,190 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 113,020 | 145,378 | 117,097 | 115,390 | 177,687 | 109,472 | 50,263 | 47,814 | 110,450 | 164,228 | 58,937 | 56,613 |
| Cash | 340,014 | 386,254 | 618,224 | 588,318 | 679,192 | 787,200 | 499,486 | 422,115 | 390,641 | 504,942 | 124,938 | 25,951 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 491,260 | 574,972 | 768,068 | 737,842 | 888,032 | 924,262 | 597,786 | 507,742 | 544,565 | 717,118 | 224,421 | 120,183 |
| total assets | 8,853,052 | 8,950,834 | 9,168,784 | 9,157,051 | 9,373,434 | 8,797,322 | 8,490,037 | 8,316,204 | 8,508,813 | 7,630,388 | 5,901,420 | 5,891,470 |
| 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 | 84,337 | 39,363 | 41,130 | 74,859 | 129,009 | 102,883 | 14,241 | 10,856 | 28,487 | 4,612 | 0 | 20,408 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 6,341 | 6,341 | 6,341 | 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 | 262,920 | 283,602 | 256,523 | 146,472 | 221,283 | 25,251 | 89,134 | 59,962 | 111,974 | 145,795 | 57,127 | 31,119 |
| total current liabilities | 353,598 | 329,306 | 303,994 | 221,331 | 350,292 | 128,134 | 103,375 | 70,818 | 140,461 | 150,407 | 57,127 | 51,527 |
| loans | 19,023 | 25,364 | 31,705 | 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 | 0 | 0 | 0 | 6,410 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 19,023 | 468,364 | 4,027,705 | 3,717,000 | 2,203,000 | 1,033,000 | 1,209,410 | 1,986,000 | 747,000 | 741,000 | 568,000 | 543,000 |
| total liabilities | 372,621 | 797,670 | 4,331,699 | 3,938,331 | 2,553,292 | 1,161,134 | 1,312,785 | 2,056,818 | 887,461 | 891,407 | 625,127 | 594,527 |
| net assets | 8,480,431 | 8,153,164 | 4,837,085 | 5,218,720 | 6,820,142 | 7,636,188 | 7,177,252 | 6,259,386 | 7,621,352 | 6,738,981 | 5,276,293 | 5,296,943 |
| total shareholders funds | 8,480,431 | 8,153,164 | 4,837,085 | 5,218,720 | 6,820,142 | 7,636,188 | 7,177,252 | 6,259,386 | 7,621,352 | 6,738,981 | 5,276,293 | 5,296,943 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 243,923 | 249,403 | 238,230 | 227,651 | 207,913 | 194,846 | 196,423 | 184,342 | 168,360 | 139,764 | 119,342 | 162,220 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -270 | -300 | 141 | 429 |
| Debtors | -37,472 | 38,874 | 320 | -59,316 | 71,778 | 38,762 | 12,673 | -68,297 | -57,982 | 112,993 | 5,110 | 93,803 |
| Creditors | 44,974 | -1,767 | -33,729 | -54,150 | 26,126 | 88,642 | 3,385 | -17,631 | 23,875 | 4,612 | -20,408 | 20,408 |
| Accruals and Deferred Income | -20,682 | 27,079 | 110,051 | -74,811 | 196,032 | -63,883 | 29,172 | -52,012 | -33,821 | 88,668 | 26,008 | 31,119 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 192,203 | -120,033 | -13,356 | -334,655 | 253,803 | -10,247 | -12,498 |
| Change in Investments | 192,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -192,000 | 0 | 0 | 0 | 0 | 192,203 | -120,033 | -13,356 | -334,655 | 253,803 | -10,247 | -12,498 |
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 6,341 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -6,341 | -6,341 | 31,705 | 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 | 0 | 0 | -6,410 | 6,410 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,904 | 23,844 | 0 | 0 | 0 |
| cash flow from financing | 772,659 | 4,182,659 | 221,659 | -1,098,000 | -845,000 | 349,590 | 1,000,410 | -1,211,904 | 50,843 | -30,999 | 46,999 | -254,000 |
| cash and cash equivalents | ||||||||||||
| cash | -46,240 | -231,970 | 29,906 | -90,874 | -108,008 | 287,714 | 77,371 | 31,474 | -114,301 | 380,004 | 98,987 | 25,951 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -46,240 | -231,970 | 29,906 | -90,874 | -108,008 | 287,714 | 77,371 | 31,474 | -114,301 | 380,004 | 98,987 | 25,951 |
i-trust education Credit Report and Business Information
I-trust Education Competitor Analysis
Perform a competitor analysis for i-trust education by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in HX2 area or any other competitors across 12 key performance metrics.
i-trust education Ownership
I-TRUST EDUCATION group structure
I-Trust Education has no subsidiary companies.
Ultimate parent company
I-TRUST EDUCATION
07559439
i-trust education directors
I-Trust Education currently has 6 directors. The longest serving directors include Mr Jonathan Beale (Feb 2017) and Mr Robert Brownless (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Beale | England | 48 years | Feb 2017 | - | Director |
| Mr Robert Brownless | United Kingdom | 52 years | Apr 2018 | - | Director |
| Mrs Jennifer Davies | England | 70 years | Sep 2019 | - | Director |
| Mr Robert Scholefield | 64 years | Sep 2019 | - | Director | |
| Mr Christopher Selby | England | 63 years | May 2023 | - | Director |
| Mrs Linda Waugh | England | 53 years | Nov 2023 | - | Director |
P&L
August 2023turnover
5.3m
+8%
operating profit
-466.8k
0%
gross margin
41.4%
+2.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
8.5m
+0.04%
total assets
8.9m
-0.01%
cash
340k
-0.12%
net assets
Total assets minus all liabilities
Similar Companies
i-trust education company details
company number
07559439
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85200 - Primary education
incorporation date
March 2011
age
13
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
whitehill community academy multi-academy trust (September 2017)
whitehill community academy (September 2013)
last accounts submitted
August 2023
address
wainstalls school, wainstalls road, halifax, HX2 7TE
accountant
-
auditor
SIMPSON WOOD LIMITED
i-trust education 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 i-trust education.
i-trust education Companies House Filings - See Documents
| date | description | view/download |
|---|
