a fairer chance c.i.c.

Live EstablishedMicroLow

a fairer chance c.i.c. Company Information

Share A FAIRER CHANCE C.I.C.

Company Number

07764762

Shareholders

-

Group Structure

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Industry

Other human resources provision

 

Registered Address

abacus house 14-18 forest road, loughton, IG10 1DX

a fairer chance c.i.c. Estimated Valuation

£26.3k

Pomanda estimates the enterprise value of A FAIRER CHANCE C.I.C. at £26.3k based on a Turnover of £221.7k and 0.12x industry multiple (adjusted for size and gross margin).

a fairer chance c.i.c. Estimated Valuation

£0

Pomanda estimates the enterprise value of A FAIRER CHANCE C.I.C. at £0 based on an EBITDA of £-11.9k and a 2.06x industry multiple (adjusted for size and gross margin).

a fairer chance c.i.c. Estimated Valuation

£12k

Pomanda estimates the enterprise value of A FAIRER CHANCE C.I.C. at £12k based on Net Assets of £9.2k and 1.3x industry multiple (adjusted for liquidity).

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A Fairer Chance C.i.c. Overview

A Fairer Chance C.i.c. is a live company located in loughton, IG10 1DX with a Companies House number of 07764762. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in September 2011, it's largest shareholder is unknown. A Fairer Chance C.i.c. is a established, micro sized company, Pomanda has estimated its turnover at £221.7k with low growth in recent years.

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A Fairer Chance C.i.c. Health Check

Pomanda's financial health check has awarded A Fairer Chance C.I.C. a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £221.7k, make it smaller than the average company (£5.3m)

£221.7k - A Fairer Chance C.i.c.

£5.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.5%)

4% - A Fairer Chance C.i.c.

8.5% - Industry AVG

production

Production

with a gross margin of 6.2%, this company has a higher cost of product (21.1%)

6.2% - A Fairer Chance C.i.c.

21.1% - Industry AVG

profitability

Profitability

an operating margin of -5.5% make it less profitable than the average company (2%)

-5.5% - A Fairer Chance C.i.c.

2% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (40)

7 - A Fairer Chance C.i.c.

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.8k, the company has an equivalent pay structure (£55.8k)

£55.8k - A Fairer Chance C.i.c.

£55.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £31.7k, this is less efficient (£93.4k)

£31.7k - A Fairer Chance C.i.c.

£93.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (50 days)

0 days - A Fairer Chance C.i.c.

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 56 days, this is slower than average (6 days)

56 days - A Fairer Chance C.i.c.

6 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - A Fairer Chance C.i.c.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 65 weeks, this is more cash available to meet short term requirements (10 weeks)

65 weeks - A Fairer Chance C.i.c.

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77.8%, this is a similar level of debt than the average (79.1%)

77.8% - A Fairer Chance C.i.c.

79.1% - Industry AVG

A FAIRER CHANCE C.I.C. financials

EXPORTms excel logo

A Fairer Chance C.I.C.'s latest turnover from March 2024 is estimated at £221.7 thousand and the company has net assets of £9.2 thousand. According to their latest financial statements, A Fairer Chance C.I.C. has 7 employees and maintains cash reserves of £40.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Sep 2015Sep 2014Sep 2013Sep 2012
Turnover221,724225,400202,565198,382143,780132,57982,497114,138129,664151,360200,84215,015
Other Income Or Grants
Cost Of Sales207,999208,623190,283187,065131,403119,69371,093100,250116,809136,854181,35313,314
Gross Profit13,72516,77712,28111,31712,37712,88611,40413,88712,85514,50519,4891,701
Admin Expenses25,90341,38050,468-16,251-22,430-43,46525,57117,8216,575-5,2944,5372,412
Operating Profit-12,178-24,603-38,18727,56834,80756,351-14,167-3,9346,28019,79914,952-711
Interest Payable
Interest Receivable2,3762,66075210461185439185116559
Pre-Tax Profit-9,802-21,943-37,43527,67234,86856,536-14,124-3,9256,46519,91515,006-702
Tax-5,258-6,625-10,742-1,293-4,182-3,451
Profit After Tax-9,802-21,943-37,43522,41428,24345,794-14,124-3,9255,17215,73311,555-702
Dividends Paid
Retained Profit-9,802-21,943-37,43522,41428,24345,794-14,124-3,9255,17215,73311,555-702
Employee Costs390,455315,178249,438239,933186,000207,085190,848246,14245,67746,51546,23648,141
Number Of Employees765544451111
EBITDA*-11,928-24,149-38,18727,56834,80756,351-14,167-3,9346,28019,79914,952-711

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Sep 2015Sep 2014Sep 2013Sep 2012
Tangible Assets6398891,022
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets6398891,022
Stock & work in progress
Trade Debtors21016,94110,3463,05321,05917,8781,93214,70314,35627,10029,7031,000
Group Debtors
Misc Debtors1,1551,0001,1041,000
Cash40,72049,79275,375125,21382,09739,5369,7087,53345,83328,02818,4163,428
misc current assets
total current assets40,93066,73385,721128,266104,31158,41412,74423,23660,18955,12848,1194,428
total assets41,56967,62286,743128,266104,31158,41412,74423,23660,18955,12848,1194,428
Bank overdraft
Bank loan
Trade Creditors 32,34748,59845,77649,8641,57828,43128,54237,2665,128
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities48,32330,66930,79325,583
total current liabilities32,34748,59845,77649,86448,32330,66930,79327,16128,43128,54237,2665,128
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities32,34748,59845,77649,86448,32330,66930,79327,16128,43128,54237,2665,128
net assets9,22219,02440,96778,40255,98827,745-18,049-3,92531,75826,58610,853-700
total shareholders funds9,22219,02440,96778,40255,98827,745-18,049-3,92531,75826,58610,853-700
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Sep 2015Sep 2014Sep 2013Sep 2012
Operating Activities
Operating Profit-12,178-24,603-38,18727,56834,80756,351-14,167-3,9346,28019,79914,952-711
Depreciation250454
Amortisation
Tax-5,258-6,625-10,742-1,293-4,182-3,451
Stock
Debtors-16,7316,5957,293-19,1613,33615,842-12,66715,703-12,744-2,60328,7031,000
Creditors-16,2512,822-4,08849,864-1,5781,578-111-8,72432,1385,128
Accruals and Deferred Income-48,32317,654-1245,21025,583
Deferred Taxes & Provisions
Cash flow from operations-11,448-27,922-49,56843,01242,50029,6432,1327,52417,6209,49614,9363,417
Investing Activities
capital expenditure-321-1,022
Change in Investments
cash flow from investments-321-1,022
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-22
interest2,3762,66075210461185439185116559
cash flow from financing2,3762,660752104611854391851165311
cash and cash equivalents
cash-9,072-25,583-49,83843,11642,56129,8282,1757,53317,8059,61214,9883,428
overdraft
change in cash-9,072-25,583-49,83843,11642,56129,8282,1757,53317,8059,61214,9883,428

a fairer chance c.i.c. Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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A Fairer Chance C.i.c. Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for a fairer chance c.i.c. by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in IG10 area or any other competitors across 12 key performance metrics.

a fairer chance c.i.c. Ownership

A FAIRER CHANCE C.I.C. group structure

A Fairer Chance C.I.C. has no subsidiary companies.

Ultimate parent company

A FAIRER CHANCE C.I.C.

07764762

A FAIRER CHANCE C.I.C. Shareholders

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a fairer chance c.i.c. directors

A Fairer Chance C.I.C. currently has 5 directors. The longest serving directors include Mrs Maggie Walsh (Sep 2011) and Mr Neville Cavendish (Apr 2019).

officercountryagestartendrole
Mrs Maggie WalshUnited Kingdom68 years Sep 2011- Director
Mr Neville CavendishEngland47 years Apr 2019- Director
Ms Gloria Gaspard33 years Apr 2021- Director
Ms Rose Skinner MateyUnited Kingdom39 years Jan 2024- Director
Mr Edmond HickeyEngland58 years Sep 2024- Director

P&L

March 2024

turnover

221.7k

-2%

operating profit

-12.2k

0%

gross margin

6.2%

-16.84%

turnover

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

Balance Sheet

March 2024

net assets

9.2k

-0.52%

total assets

41.6k

-0.39%

cash

40.7k

-0.18%

net assets

Total assets minus all liabilities

a fairer chance c.i.c. company details

company number

07764762

Type

Private Ltd By Guarantee w/o Share Cap

industry

78300 - Other human resources provision

incorporation date

September 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

a fairer chance ltd (July 2013)

accountant

COOPER PAUL

auditor

-

address

abacus house 14-18 forest road, loughton, IG10 1DX

Bank

-

Legal Advisor

-

a fairer chance c.i.c. 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 a fairer chance c.i.c..

a fairer chance c.i.c. 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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a fairer chance c.i.c. Companies House Filings - See Documents

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