futureworks ny
futureworks ny Company Information
Group Structure
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Industry
Other education n.e.c.
Registered Address
40 victoria road, scarborough, YO11 1SD
Website
www.futureworksny.co.ukfutureworks ny Estimated Valuation
Pomanda estimates the enterprise value of FUTUREWORKS NY at £347.1k based on a Turnover of £571.9k and 0.61x industry multiple (adjusted for size and gross margin).
futureworks ny Estimated Valuation
Pomanda estimates the enterprise value of FUTUREWORKS NY at £293.4k based on an EBITDA of £86.7k and a 3.38x industry multiple (adjusted for size and gross margin).
futureworks ny Estimated Valuation
Pomanda estimates the enterprise value of FUTUREWORKS NY at £404.9k based on Net Assets of £177.1k and 2.29x industry multiple (adjusted for liquidity).
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Futureworks Ny Overview
Futureworks Ny is a live company located in scarborough, YO11 1SD with a Companies House number of 07568473. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in March 2011, it's largest shareholder is unknown. Futureworks Ny is a established, small sized company, Pomanda has estimated its turnover at £571.9k with rapid growth in recent years.
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Futureworks Ny Health Check
Pomanda's financial health check has awarded Futureworks Ny a 4.5 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
4 Strong
2 Regular
4 Weak
Size
annual sales of £571.9k, make it in line with the average company (£572.2k)
- Futureworks Ny
£572.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (8.9%)
- Futureworks Ny
8.9% - Industry AVG
Production
with a gross margin of 29.4%, this company has a higher cost of product (57.2%)
- Futureworks Ny
57.2% - Industry AVG
Profitability
an operating margin of 15.2% make it more profitable than the average company (5.3%)
- Futureworks Ny
5.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (14)
8 - Futureworks Ny
14 - Industry AVG
Pay Structure
on an average salary of £30.3k, the company has an equivalent pay structure (£30.3k)
- Futureworks Ny
£30.3k - Industry AVG
Efficiency
resulting in sales per employee of £71.5k, this is more efficient (£53.3k)
- Futureworks Ny
£53.3k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (17 days)
- Futureworks Ny
17 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (22 days)
- Futureworks Ny
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Futureworks Ny
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Futureworks Ny
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.2%, this is a lower level of debt than the average (22.6%)
2.2% - Futureworks Ny
22.6% - Industry AVG
FUTUREWORKS NY financials
Futureworks Ny's latest turnover from July 2024 is estimated at £571.9 thousand and the company has net assets of £177.1 thousand. According to their latest financial statements, Futureworks Ny has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 276,436 | 314,382 | |||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||
| Cost Of Sales | 12,653 | 22,618 | |||||||||||
| Gross Profit | 263,783 | 291,764 | |||||||||||
| Admin Expenses | 287,010 | 258,062 | |||||||||||
| Operating Profit | -23,227 | 33,702 | |||||||||||
| Interest Payable | 1,025 | 1,161 | |||||||||||
| Interest Receivable | 291 | 4 | |||||||||||
| Pre-Tax Profit | -23,961 | 32,545 | |||||||||||
| Tax | 4,178 | -3,744 | |||||||||||
| Profit After Tax | -19,783 | 28,801 | |||||||||||
| Dividends Paid | 0 | 0 | |||||||||||
| Retained Profit | -19,783 | 28,801 | |||||||||||
| Employee Costs | 238,312 | 154,574 | |||||||||||
| Number Of Employees | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | |||||
| EBITDA* | -16,747 | 40,962 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,071 | 12,499 | 16,556 | 5,409 | 680 | 1,430 | 2,766 | 3,069 | 887 | 1,763 | 2,805 | 1,575 | 436 |
| 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 | 18,071 | 12,499 | 16,556 | 5,409 | 680 | 1,430 | 2,766 | 3,069 | 887 | 1,763 | 2,805 | 1,575 | 436 |
| Stock & work in progress | 0 | 6,977 | 496 | 0 | 0 | 95,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 162,953 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,273 | 11,087 | 802 | 3,944 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 29,383 | 18,642 | 18,236 | 12,212 | 861 | 7,426 | 2,146 | 203 | 0 | 0 | 0 | 0 |
| Cash | 0 | 180,407 | 190,350 | 193,135 | 122,456 | 75,655 | 82,864 | 66,915 | 67,387 | 11,200 | 11,589 | 15,319 | 12,579 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 162,953 | 216,767 | 209,488 | 211,371 | 134,668 | 172,016 | 90,290 | 69,061 | 67,590 | 29,473 | 22,676 | 16,121 | 16,523 |
| total assets | 181,024 | 229,266 | 226,044 | 216,780 | 135,348 | 173,446 | 93,056 | 72,130 | 68,477 | 31,236 | 25,481 | 17,696 | 16,959 |
| Bank overdraft | 0 | 5,555 | 5,700 | 5,400 | 0 | 77,907 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,893 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,261 | 10,513 | 17,406 | 13,237 |
| 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 | 0 | 81,175 | 52,614 | 66,584 | 36,881 | 8,801 | 6,192 | 6,609 | 6,242 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,893 | 86,730 | 58,314 | 71,984 | 36,881 | 86,708 | 6,192 | 6,609 | 6,242 | 10,261 | 10,513 | 17,406 | 13,237 |
| loans | 0 | 32,408 | 37,819 | 43,686 | 50,000 | 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 | 2,168 | 6,963 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 32,408 | 37,819 | 43,686 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 2,168 | 6,963 |
| total liabilities | 3,893 | 119,138 | 96,133 | 115,670 | 86,881 | 86,708 | 6,192 | 6,609 | 6,242 | 10,261 | 10,513 | 19,574 | 20,200 |
| net assets | 177,131 | 110,128 | 129,911 | 101,110 | 48,467 | 86,738 | 86,864 | 65,521 | 62,235 | 20,975 | 14,968 | -1,878 | -3,241 |
| total shareholders funds | 177,131 | 110,128 | 129,911 | 101,110 | 48,467 | 86,738 | 86,864 | 65,521 | 62,235 | 20,975 | 14,968 | -1,878 | -3,241 |
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -23,227 | 33,702 | |||||||||||
| Depreciation | 6,480 | 7,260 | 2,713 | 1,766 | 1,336 | 1,686 | 1,600 | 1,644 | 2,165 | 1,791 | 779 | 145 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 4,178 | -3,744 | |||||||||||
| Stock | -6,977 | 6,481 | 496 | 0 | -95,500 | 95,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 133,570 | 10,741 | 406 | 6,024 | 11,351 | -6,565 | 5,280 | 1,943 | -18,070 | 7,186 | 10,285 | -3,142 | 3,944 |
| Creditors | 3,893 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,261 | -252 | -6,893 | 4,169 | 13,237 |
| Accruals and Deferred Income | -81,175 | 28,561 | -13,970 | 29,703 | 28,080 | 2,609 | -417 | 367 | 6,242 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,230 | 22,346 | |||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| 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 | -32,408 | -5,411 | -5,867 | -6,314 | 50,000 | 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 | -2,168 | -4,795 | 6,963 |
| share issue | |||||||||||||
| interest | -734 | -1,157 | |||||||||||
| cash flow from financing | -6,145 | -7,024 | |||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -180,407 | -9,943 | -2,785 | 70,679 | 46,801 | -7,209 | 15,949 | -472 | 56,187 | -389 | -3,730 | 2,740 | 12,579 |
| overdraft | -5,555 | -145 | 300 | 5,400 | -77,907 | 77,907 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -174,852 | -9,798 | -3,085 | 65,279 | 124,708 | -85,116 | 15,949 | -472 | 56,187 | -389 | -3,730 | 2,740 | 12,579 |
futureworks ny Credit Report and Business Information
Futureworks Ny Competitor Analysis
Perform a competitor analysis for futureworks ny by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in YO11 area or any other competitors across 12 key performance metrics.
futureworks ny Ownership
FUTUREWORKS NY group structure
Futureworks Ny has no subsidiary companies.
Ultimate parent company
FUTUREWORKS NY
07568473
futureworks ny directors
Futureworks Ny currently has 3 directors. The longest serving directors include Mrs Gail Wilks (Jun 2019) and Mr Ian Shears (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Gail Wilks | England | 48 years | Jun 2019 | - | Director |
| Mr Ian Shears | England | 59 years | May 2021 | - | Director |
| Mrs Faith Young | England | 54 years | Nov 2021 | - | Director |
P&L
July 2024turnover
571.9k
+107%
operating profit
86.7k
0%
gross margin
29.4%
-69.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2024net assets
177.1k
+0.61%
total assets
181k
-0.21%
cash
0
-1%
net assets
Total assets minus all liabilities
futureworks ny company details
company number
07568473
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
March 2011
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2024
previous names
futureworks ny community interest company (June 2023)
accountant
ASQUITH & CO ACCOUNTANTS LIMITED
auditor
-
address
40 victoria road, scarborough, YO11 1SD
Bank
-
Legal Advisor
-
futureworks ny 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 found 1 charges/mortgages relating to futureworks ny. Currently there are 0 open charges and 1 have been satisfied in the past.
futureworks ny 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.
Click to start generating capital raising & share issue transactions for FUTUREWORKS NY. This can take several minutes, an email will notify you when this has completed.
futureworks ny Companies House Filings - See Documents
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