promise works limited
promise works limited Company Information
Company Number
07665606
Website
http://promiseworks.org.ukRegistered Address
7 castle street, bridgwater, somerset, TA6 3DT
Industry
Other social work activities without accommodation n.e.c.
Telephone
03003651900
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
-0%
promise works limited Estimated Valuation
Pomanda estimates the enterprise value of PROMISE WORKS LIMITED at £213.5k based on a Turnover of £374.4k and 0.57x industry multiple (adjusted for size and gross margin).
promise works limited Estimated Valuation
Pomanda estimates the enterprise value of PROMISE WORKS LIMITED at £273.3k based on an EBITDA of £60.8k and a 4.5x industry multiple (adjusted for size and gross margin).
promise works limited Estimated Valuation
Pomanda estimates the enterprise value of PROMISE WORKS LIMITED at £959k based on Net Assets of £321k and 2.99x industry multiple (adjusted for liquidity).
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Promise Works Limited Overview
Promise Works Limited is a live company located in somerset, TA6 3DT with a Companies House number of 07665606. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in June 2011, it's largest shareholder is unknown. Promise Works Limited is a established, micro sized company, Pomanda has estimated its turnover at £374.4k with high growth in recent years.
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Promise Works Limited Health Check
Pomanda's financial health check has awarded Promise Works Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £374.4k, make it in line with the average company (£445k)
£374.4k - Promise Works Limited
£445k - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (6.2%)
26% - Promise Works Limited
6.2% - Industry AVG
Production
with a gross margin of 47.1%, this company has a comparable cost of product (47.1%)
47.1% - Promise Works Limited
47.1% - Industry AVG
Profitability
an operating margin of 15.9% make it more profitable than the average company (3.7%)
15.9% - Promise Works Limited
3.7% - Industry AVG
Employees
with 8 employees, this is below the industry average (13)
8 - Promise Works Limited
13 - Industry AVG
Pay Structure
on an average salary of £29.4k, the company has a higher pay structure (£24.3k)
£29.4k - Promise Works Limited
£24.3k - Industry AVG
Efficiency
resulting in sales per employee of £46.8k, this is equally as efficient (£40.8k)
£46.8k - Promise Works Limited
£40.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Promise Works Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is slower than average (4 days)
5 days - Promise Works Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Promise Works Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 561 weeks, this is more cash available to meet short term requirements (254 weeks)
561 weeks - Promise Works Limited
254 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9%, this is a lower level of debt than the average (11.1%)
9% - Promise Works Limited
11.1% - Industry AVG
PROMISE WORKS LIMITED financials
Promise Works Limited's latest turnover from November 2023 is £374.4 thousand and the company has net assets of £321 thousand. According to their latest financial statements, Promise Works Limited has 8 employees and maintains cash reserves of £344 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 374,364 | 320,686 | 248,806 | 186,534 | 126,446 | 88,802 | 123,122 | 11,209 | 37,168 | 8,484 | 33,839 | 26,398 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 56,461 | 57,046 | 51,551 | 12,523 | -5,385 | 22,493 | 101,655 | 5,149 | 5,372 | 1,615 | 5,165 | 7,310 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 56,461 | 57,046 | 51,551 | 12,523 | -5,385 | 22,493 | 101,655 | 5,149 | 5,372 | 1,615 | 5,165 | 7,310 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 56,461 | 57,046 | 51,551 | 12,523 | -5,385 | 22,493 | 101,655 | 5,149 | 5,372 | 1,615 | 5,165 | 7,310 |
| Employee Costs | 235,455 | 191,434 | 148,327 | 136,294 | 88,183 | 5,001 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 8 | 7 | 6 | 5 | 4 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,215 | 1,568 | 2,044 | 2,480 | 1,162 | 624 | 628 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,215 | 1,568 | 2,044 | 2,480 | 1,162 | 624 | 628 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,602 | 4,021 | 2,193 | 4,314 | 1,175 | 2,309 | 0 | 0 | 0 | 0 | 127 | 100 |
| Cash | 343,970 | 284,555 | 225,814 | 165,660 | 156,764 | 155,788 | 131,500 | 25,363 | 40,705 | 14,751 | 13,929 | 11,241 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 350,572 | 288,576 | 228,007 | 169,974 | 161,939 | 158,097 | 131,500 | 25,363 | 40,705 | 14,751 | 14,056 | 11,341 |
| total assets | 352,787 | 290,144 | 230,051 | 172,454 | 163,101 | 158,721 | 132,128 | 25,363 | 40,705 | 14,751 | 14,056 | 11,341 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 950 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,214 | 6,130 | 4,818 | 307 | 1,402 | 1,885 | 2,186 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 28,616 | 19,518 | 17,783 | 16,247 | 18,323 | 8,075 | 3,674 | 750 | 21,242 | 660 | 630 | 4,031 |
| total current liabilities | 31,830 | 25,648 | 22,601 | 16,554 | 19,725 | 9,960 | 5,860 | 750 | 21,242 | 660 | 1,580 | 4,031 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 31,830 | 25,648 | 22,601 | 16,554 | 19,725 | 9,960 | 5,860 | 750 | 21,242 | 660 | 1,580 | 4,031 |
| net assets | 320,957 | 264,496 | 207,450 | 155,900 | 143,376 | 148,761 | 126,268 | 24,613 | 19,463 | 14,091 | 12,476 | 7,310 |
| total shareholders funds | 320,957 | 264,496 | 207,450 | 155,900 | 143,376 | 148,761 | 126,268 | 24,613 | 19,463 | 14,091 | 12,476 | 7,310 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 1,223 | 1,451 | 1,281 | 827 | 502 | 344 | 180 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| Debtors | 2,581 | 1,828 | -2,121 | -861 | 2,866 | 2,309 | 0 | 0 | 0 | -127 | 27 | 100 |
| Creditors | -2,916 | 1,312 | 4,511 | -1,095 | -483 | -301 | 2,186 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 9,098 | 1,735 | 1,536 | -2,076 | 10,248 | 4,401 | 2,924 | -20,492 | 20,582 | 30 | -3,401 | 4,031 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | -1,040 | -340 | -808 | 0 | 0 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,040 | -340 | -808 | 0 | 0 | |||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 0 | 0 | -1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |
| cash and cash equivalents | ||||||||||||
| cash | 59,415 | 58,741 | 60,154 | 8,896 | 976 | 24,288 | 106,137 | -15,342 | 25,954 | 822 | 2,688 | 11,241 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -950 | 950 | 0 |
| change in cash | 59,415 | 58,741 | 60,154 | 8,896 | 976 | 24,288 | 106,137 | -15,342 | 25,954 | 1,772 | 1,738 | 11,241 |
promise works limited Credit Report and Business Information
Promise Works Limited Competitor Analysis
Perform a competitor analysis for promise works limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in TA6 area or any other competitors across 12 key performance metrics.
promise works limited Ownership
PROMISE WORKS LIMITED group structure
Promise Works Limited has no subsidiary companies.
Ultimate parent company
PROMISE WORKS LIMITED
07665606
promise works limited directors
Promise Works Limited currently has 6 directors. The longest serving directors include Mr Kevin O'Donnell (Aug 2016) and Mr Robert Peto (Aug 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin O'Donnell | England | 69 years | Aug 2016 | - | Director |
| Mr Robert Peto | Scotland | 74 years | Aug 2016 | - | Director |
| Mrs Carolyn Drew | England | 69 years | Nov 2017 | - | Director |
| Mr Martin Elliott | England | 71 years | Apr 2020 | - | Director |
| Ms Tula Knight | England | 43 years | Dec 2020 | - | Director |
| Mrs Nickie Gething | England | 63 years | Oct 2023 | - | Director |
P&L
November 2023turnover
374.4k
+17%
operating profit
59.6k
0%
gross margin
47.1%
+0.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
321k
+0.21%
total assets
352.8k
+0.22%
cash
344k
+0.21%
net assets
Total assets minus all liabilities
promise works limited company details
company number
07665606
Type
Private Ltd By Guarantee w/o Share Cap
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
June 2011
age
13
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
November 2023
address
7 castle street, bridgwater, somerset, TA6 3DT
accountant
JOSHUA KINGSTON
auditor
-
promise works limited 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 promise works limited.
promise works limited Companies House Filings - See Documents
| date | description | view/download |
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