the varkey foundation
the varkey foundation Company Information
Group Structure
View All
Industry
Other education n.e.c.
Registered Address
first floor, 10 queen street place, london, EC4R 1BE
Website
www.varkeyfoundation.orgthe varkey foundation Estimated Valuation
Pomanda estimates the enterprise value of THE VARKEY FOUNDATION at £2.4m based on a Turnover of £3.2m and 0.74x industry multiple (adjusted for size and gross margin).
the varkey foundation Estimated Valuation
Pomanda estimates the enterprise value of THE VARKEY FOUNDATION at £0 based on an EBITDA of £-107.5k and a 4.28x industry multiple (adjusted for size and gross margin).
the varkey foundation Estimated Valuation
Pomanda estimates the enterprise value of THE VARKEY FOUNDATION at £1.2m based on Net Assets of £493.8k and 2.38x industry multiple (adjusted for liquidity).
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The Varkey Foundation Overview
The Varkey Foundation is a live company located in london, EC4R 1BE with a Companies House number of 07774287. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in September 2011, it's largest shareholder is unknown. The Varkey Foundation is a established, small sized company, Pomanda has estimated its turnover at £3.2m with rapid growth in recent years.
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The Varkey Foundation Health Check
Pomanda's financial health check has awarded The Varkey Foundation a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £3.2m, make it larger than the average company (£472.2k)
£3.2m - The Varkey Foundation
£472.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (7.4%)
39% - The Varkey Foundation
7.4% - Industry AVG
Production
with a gross margin of 57.2%, this company has a comparable cost of product (57.2%)
57.2% - The Varkey Foundation
57.2% - Industry AVG
Profitability
an operating margin of -3.4% make it less profitable than the average company (4.9%)
-3.4% - The Varkey Foundation
4.9% - Industry AVG
Employees
with 33 employees, this is above the industry average (12)
33 - The Varkey Foundation
12 - Industry AVG
Pay Structure
on an average salary of £22.1k, the company has a lower pay structure (£28.4k)
£22.1k - The Varkey Foundation
£28.4k - Industry AVG
Efficiency
resulting in sales per employee of £96.7k, this is more efficient (£50.8k)
£96.7k - The Varkey Foundation
£50.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (17 days)
2 days - The Varkey Foundation
17 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is slower than average (23 days)
30 days - The Varkey Foundation
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Varkey Foundation
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is less cash available to meet short term requirements (126 weeks)
41 weeks - The Varkey Foundation
126 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.7%, this is a higher level of debt than the average (21.2%)
86.7% - The Varkey Foundation
21.2% - Industry AVG
THE VARKEY FOUNDATION financials
The Varkey Foundation's latest turnover from March 2024 is £3.2 million and the company has net assets of £493.8 thousand. According to their latest financial statements, The Varkey Foundation has 33 employees and maintains cash reserves of £754.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,190,291 | 1,674,748 | 3,564,405 | 1,180,489 | 1,795,449 | 20,258,289 | 34,814,412 | 17,071,142 | 14,692,694 | 4,021,391 | 2,383,336 | 520,768 | |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | -313,058 | -489,453 | -407,482 | -1,051,516 | -3,347,644 | 261,952 | 3,273,664 | 1,120,510 | 1,065,353 | -340,083 | 145,774 | 509,927 | |
| Tax | |||||||||||||
| Profit After Tax | -313,058 | -489,453 | -407,482 | -1,051,516 | -3,347,644 | 261,952 | 3,273,664 | 1,120,510 | 1,065,353 | -340,083 | 145,774 | 509,927 | |
| Dividends Paid | |||||||||||||
| Retained Profit | -313,058 | -489,453 | -407,482 | -1,051,516 | -3,347,644 | 261,952 | 3,273,664 | 1,120,510 | 1,065,353 | -340,083 | 145,774 | 509,927 | |
| Employee Costs | 730,301 | 1,197,921 | 1,139,602 | 1,855,335 | 2,682,204 | 3,660,368 | 3,436,291 | 1,538,665 | 471,998 | 29,929 | |||
| Number Of Employees | 33 | 34 | 36 | 60 | 106 | 135 | 117 | 59 | 37 | 6 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,006 | 2,353 | 3,586 | 7,042 | 18,545 | 41,472 | 73,676 | 133,598 | 152,500 | 10,650 | |||
| Intangible Assets | 866 | 7,608 | 36,124 | 66,009 | |||||||||
| Investments & Other | 100,000 | 100,000 | 100,000 | 100,000 | |||||||||
| Debtors (Due After 1 year) | 2,251,007 | 2,188,057 | 2,469,450 | 2,336,171 | 3,066,178 | 4,888,576 | 5,739,123 | 3,062,593 | 2,469,754 | 551,391 | |||
| Total Fixed Assets | 2,265,013 | 2,190,410 | 2,473,036 | 2,443,213 | 3,185,589 | 5,037,656 | 5,948,923 | 3,262,200 | 2,622,254 | 562,041 | |||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 21,875 | 287 | 62,731 | 53,231 | 292,988 | 8,491,006 | 10,932,684 | 1,008,283 | 1,300,222 | ||||
| Group Debtors | |||||||||||||
| Misc Debtors | 677,518 | 1,044,783 | 616,391 | 373,494 | 2,210,042 | 174,116 | 415,960 | 2,997,029 | 11,036 | 394,600 | |||
| Cash | 754,376 | 1,033,581 | 1,386,430 | 1,669,706 | 2,791,625 | 5,455,678 | 3,726,804 | 1,778,871 | 1,028,398 | 544,845 | 690,611 | 530,407 | |
| misc current assets | |||||||||||||
| total current assets | 1,453,769 | 2,078,651 | 2,065,552 | 2,096,431 | 5,294,655 | 14,120,800 | 15,075,448 | 5,784,183 | 2,339,656 | 939,445 | 690,611 | 530,407 | |
| total assets | 3,718,782 | 4,269,061 | 4,538,588 | 4,539,644 | 8,480,244 | 19,158,456 | 21,024,371 | 9,046,383 | 4,961,910 | 1,501,486 | 690,611 | 530,407 | |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 114,838 | 142,497 | 90,130 | 78,149 | 1,538,190 | 3,960,682 | 6,337,635 | 2,382,222 | 692,890 | 214,145 | |||
| Group/Directors Accounts | 724,731 | 909,588 | 550,313 | 362,701 | 1,010,268 | 3,839,232 | 1,891,722 | 240,898 | 139,201 | 285,779 | 34,902 | 20,480 | |
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 114,610 | 156,479 | 162,925 | 124,685 | 176,155 | 432,869 | 1,280,746 | 859,189 | 279,094 | 200,783 | 8 | ||
| total current liabilities | 954,179 | 1,208,564 | 803,368 | 565,535 | 2,724,613 | 8,232,783 | 9,510,103 | 3,482,309 | 1,111,185 | 700,707 | 34,910 | 20,480 | |
| loans | 2,270,808 | 2,211,749 | 2,504,764 | 2,336,171 | 3,066,178 | 4,888,576 | 5,739,123 | 3,062,593 | 1,077,954 | 485,161 | |||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 1,391,800 | ||||||||||||
| provisions | |||||||||||||
| total long term liabilities | 2,270,808 | 2,211,749 | 2,504,764 | 2,336,171 | 3,066,178 | 4,888,576 | 5,739,123 | 3,062,593 | 2,469,754 | 485,161 | |||
| total liabilities | 3,224,987 | 3,420,313 | 3,308,132 | 2,901,706 | 5,790,791 | 13,121,359 | 15,249,226 | 6,544,902 | 3,580,939 | 1,185,868 | 34,910 | 20,480 | |
| net assets | 493,795 | 848,748 | 1,230,456 | 1,637,938 | 2,689,453 | 6,037,097 | 5,775,145 | 2,501,481 | 1,380,971 | 315,618 | 655,701 | 509,927 | |
| total shareholders funds | 493,795 | 848,748 | 1,230,456 | 1,637,938 | 2,689,453 | 6,037,097 | 5,775,145 | 2,501,481 | 1,380,971 | 315,618 | 655,701 | 509,927 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 347 | 1,070 | 4,477 | 7,996 | 17,468 | 19,658 | 84,851 | 65,026 | 21,338 | ||||
| Amortisation | 544 | 1,677 | 22,526 | 51,088 | 49,272 | ||||||||
| Tax | |||||||||||||
| Stock | |||||||||||||
| Debtors | -282,727 | 84,555 | 385,676 | -2,806,312 | -7,984,490 | -3,534,069 | 10,019,862 | 3,286,893 | 2,835,021 | 945,991 | |||
| Creditors | -27,659 | 52,367 | 11,981 | -1,460,041 | -2,422,492 | -2,376,953 | 3,955,413 | 1,689,332 | 478,745 | 214,145 | |||
| Accruals and Deferred Income | -41,869 | -6,446 | 38,240 | -51,470 | -256,714 | -847,877 | 421,557 | 580,095 | 78,311 | 200,775 | 8 | ||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | -20,812 | -167,795 | -165,907 | -163,188 | -13,312 | ||||||||
| Change in Investments | -100,000 | 100,000 | |||||||||||
| cash flow from investments | 100,000 | -20,812 | -267,795 | -165,907 | -163,188 | -13,312 | |||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -184,857 | 359,275 | 187,612 | -647,567 | -2,828,964 | 1,947,510 | 1,650,824 | 101,697 | -146,578 | 250,877 | 14,422 | 20,480 | |
| Other Short Term Loans | |||||||||||||
| Long term loans | 59,059 | -293,015 | 168,593 | -730,007 | -1,822,398 | -850,547 | 2,676,530 | 1,984,639 | 592,793 | 485,161 | |||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -1,391,800 | 1,391,800 | |||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | -167,693 | 174,005 | 356,205 | -1,377,573 | -4,651,362 | 1,096,963 | 4,327,354 | 694,536 | 1,838,015 | 736,038 | 14,422 | 20,480 | |
| cash and cash equivalents | |||||||||||||
| cash | -279,205 | -352,849 | -283,276 | -1,121,919 | -2,664,053 | 1,728,874 | 1,947,933 | 750,473 | 483,553 | -145,766 | 160,204 | 530,407 | |
| overdraft | |||||||||||||
| change in cash | -279,205 | -352,849 | -283,276 | -1,121,919 | -2,664,053 | 1,728,874 | 1,947,933 | 750,473 | 483,553 | -145,766 | 160,204 | 530,407 |
the varkey foundation Credit Report and Business Information
The Varkey Foundation Competitor Analysis
Perform a competitor analysis for the varkey foundation by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in EC4R area or any other competitors across 12 key performance metrics.
the varkey foundation Ownership
THE VARKEY FOUNDATION group structure
The Varkey Foundation has 1 subsidiary company.
the varkey foundation directors
The Varkey Foundation currently has 2 directors. The longest serving directors include Mr Jay Varkey (Sep 2011) and Mr Marc Boxser (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jay Varkey | England | 40 years | Sep 2011 | - | Director |
| Mr Marc Boxser | England | 46 years | Feb 2024 | - | Director |
P&L
March 2024turnover
3.2m
+90%
operating profit
-107.8k
0%
gross margin
57.3%
-0.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
493.8k
-0.42%
total assets
3.7m
-0.13%
cash
754.4k
-0.27%
net assets
Total assets minus all liabilities
the varkey foundation company details
company number
07774287
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
September 2011
age
14
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
the varkey gems foundation (December 2014)
accountant
-
auditor
CROWE UK LLP
address
first floor, 10 queen street place, london, EC4R 1BE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the varkey foundation 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 varkey foundation.
the varkey foundation Capital Raised & Share Issues BETA
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the varkey foundation Companies House Filings - See Documents
| date | description | view/download |
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