the reach free school trust
the reach free school trust Company Information
Company Number
07960515
Next Accounts
May 2025
Industry
Educational support activities
Shareholders
-
Group Structure
View All
Contact
Registered Address
9 high street, kings heath, birmingham, B14 7BB
Website
www.reachschool.co.ukthe reach free school trust Estimated Valuation
Pomanda estimates the enterprise value of THE REACH FREE SCHOOL TRUST at £842.5k based on a Turnover of £1.2m and 0.71x industry multiple (adjusted for size and gross margin).
the reach free school trust Estimated Valuation
Pomanda estimates the enterprise value of THE REACH FREE SCHOOL TRUST at £0 based on an EBITDA of £-59.1k and a 4.5x industry multiple (adjusted for size and gross margin).
the reach free school trust Estimated Valuation
Pomanda estimates the enterprise value of THE REACH FREE SCHOOL TRUST at £4.6m based on Net Assets of £1.8m and 2.48x industry multiple (adjusted for liquidity).
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The Reach Free School Trust Overview
The Reach Free School Trust is a live company located in birmingham, B14 7BB with a Companies House number of 07960515. It operates in the educational support services sector, SIC Code 85600. Founded in February 2012, it's largest shareholder is unknown. The Reach Free School Trust is a established, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.
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The Reach Free School Trust Health Check
Pomanda's financial health check has awarded The Reach Free School Trust a 4.5 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
2 Regular
2 Weak
Size
annual sales of £1.2m, make it larger than the average company (£408.1k)
£1.2m - The Reach Free School Trust
£408.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.3%)
7% - The Reach Free School Trust
6.3% - Industry AVG
Production
with a gross margin of 69.2%, this company has a comparable cost of product (69.2%)
69.2% - The Reach Free School Trust
69.2% - Industry AVG
Profitability
an operating margin of -7.6% make it less profitable than the average company (3.2%)
-7.6% - The Reach Free School Trust
3.2% - Industry AVG
Employees
with 17 employees, this is above the industry average (11)
17 - The Reach Free School Trust
11 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has a higher pay structure (£29.5k)
£45.4k - The Reach Free School Trust
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £69.9k, this is more efficient (£52.5k)
£69.9k - The Reach Free School Trust
£52.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Reach Free School Trust
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Reach Free School Trust
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Reach Free School Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 130 weeks, this is more cash available to meet short term requirements (88 weeks)
130 weeks - The Reach Free School Trust
88 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7%, this is a lower level of debt than the average (34.1%)
7% - The Reach Free School Trust
34.1% - Industry AVG
THE REACH FREE SCHOOL TRUST financials
The Reach Free School Trust's latest turnover from August 2023 is £1.2 million and the company has net assets of £1.8 million. According to their latest financial statements, The Reach Free School Trust has 17 employees and maintains cash reserves of £345.3 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 | 1,187,786 | 1,165,522 | 1,115,358 | 974,901 | 969,348 | 978,600 | 945,389 | 915,750 | 764,073 | 2,410,614 | 204,174 | |
| 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 | |
| Pre-Tax Profit | -66,970 | -77,402 | -60,957 | -92,849 | -101,828 | -65,725 | -30,295 | -27,818 | 21,709 | 1,712,885 | 96,227 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | -66,970 | -77,402 | -60,957 | -92,849 | -101,828 | -65,725 | -30,295 | -27,818 | 21,709 | 1,712,885 | 96,227 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -66,970 | -77,402 | -60,957 | -92,849 | -101,828 | -65,725 | -30,295 | -27,818 | 21,709 | 1,712,885 | 96,227 | |
| Employee Costs | 771,980 | 992,037 | 951,879 | 796,789 | 757,938 | 738,301 | 653,631 | 562,848 | 428,602 | 423,931 | 55,787 | |
| Number Of Employees | 17 | 22 | 22 | 19 | 20 | 20 | 18 | 17 | 15 | 12 | 2 | |
| 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 | 1,364,917 | 1,386,538 | 1,420,025 | 1,456,672 | 1,493,320 | 1,505,366 | 1,541,276 | 1,591,246 | 1,647,889 | 1,615,150 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 72,000 | 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 | 1,436,917 | 1,386,538 | 1,420,025 | 1,456,672 | 1,493,320 | 1,505,366 | 1,541,276 | 1,591,246 | 1,647,889 | 1,615,150 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 32,877 | 38,910 | 5,200 | 21,665 | 20,171 | 300 | 6,000 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 193,562 | 117,784 | 37,457 | 33,978 | 21,461 | 16,340 | 19,861 | 19,404 | 34,665 | 254,663 | 13,897 | 0 |
| Cash | 345,266 | 529,789 | 349,701 | 360,109 | 332,403 | 386,968 | 324,914 | 302,379 | 326,400 | 333,886 | 103,114 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 538,828 | 647,573 | 420,035 | 432,997 | 359,064 | 424,973 | 364,946 | 322,083 | 367,065 | 588,549 | 117,011 | 0 |
| total assets | 1,975,745 | 2,034,111 | 1,840,060 | 1,889,669 | 1,852,384 | 1,930,339 | 1,906,222 | 1,913,329 | 2,014,954 | 2,203,699 | 117,011 | 0 |
| 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 | 0 | 0 | 6,595 | 0 | 166 | 0 | 0 | 7,788 | 65,387 | 34,254 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 25,975 | 32,142 | 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 | 137,768 | 223,164 | 71,116 | 113,388 | 30,921 | 92,356 | 58,514 | 80,538 | 113,746 | 360,333 | 20,784 | 0 |
| total current liabilities | 137,768 | 223,164 | 77,711 | 139,363 | 63,229 | 92,356 | 58,514 | 88,326 | 179,133 | 394,587 | 20,784 | 0 |
| 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 | 139,000 | 700,000 | 510,000 | 326,000 | 202,000 | 211,000 | 103,000 | 13,000 | 3,000 | 0 | 0 |
| total liabilities | 137,768 | 362,164 | 777,711 | 649,363 | 389,229 | 294,356 | 269,514 | 191,326 | 192,133 | 397,587 | 20,784 | 0 |
| net assets | 1,837,977 | 1,671,947 | 1,062,349 | 1,240,306 | 1,463,155 | 1,635,983 | 1,636,708 | 1,722,003 | 1,822,821 | 1,806,112 | 96,227 | 0 |
| total shareholders funds | 1,837,977 | 1,671,947 | 1,062,349 | 1,240,306 | 1,463,155 | 1,635,983 | 1,636,708 | 1,722,003 | 1,822,821 | 1,806,112 | 96,227 | 0 |
| 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 | 30,827 | 33,487 | 36,647 | 36,648 | 36,646 | 40,325 | 56,781 | 56,643 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 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 | 75,778 | 47,450 | -2,554 | 46,227 | -11,344 | -2,027 | 20,328 | -20,961 | -213,998 | 240,766 | 13,897 | 0 |
| Creditors | 0 | -6,595 | 6,595 | -166 | 166 | 0 | -7,788 | -57,599 | 31,133 | 34,254 | 0 | 0 |
| Accruals and Deferred Income | -85,396 | 152,048 | -42,272 | 82,467 | -61,435 | 33,842 | -22,024 | -33,208 | -246,587 | 339,549 | 20,784 | 0 |
| 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 | 1,022 | -1,356 | 10,642 | -64,012 | 2,499 | 0 | |
| Change in Investments | 72,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -72,000 | 0 | 0 | 0 | 0 | 1,022 | -1,356 | 10,642 | -64,012 | 2,499 | 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 | -25,975 | -6,167 | 32,142 | 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 | 233,000 | 687,000 | -142,975 | -136,167 | -38,858 | 65,000 | -55,000 | -73,000 | -5,000 | -3,000 | 0 | |
| cash and cash equivalents | ||||||||||||
| cash | -184,523 | 180,088 | -10,408 | 27,706 | -54,565 | 62,054 | 22,535 | -24,021 | -7,486 | 230,772 | 103,114 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -184,523 | 180,088 | -10,408 | 27,706 | -54,565 | 62,054 | 22,535 | -24,021 | -7,486 | 230,772 | 103,114 | 0 |
the reach free school trust Credit Report and Business Information
The Reach Free School Trust Competitor Analysis
Perform a competitor analysis for the reach free school trust by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in B14 area or any other competitors across 12 key performance metrics.
the reach free school trust Ownership
THE REACH FREE SCHOOL TRUST group structure
The Reach Free School Trust has no subsidiary companies.
Ultimate parent company
THE REACH FREE SCHOOL TRUST
07960515
the reach free school trust directors
The Reach Free School Trust currently has 8 directors. The longest serving directors include Mr Timothy Boyes (Feb 2012) and Mr Malcolm Weaver (Nov 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Boyes | England | 60 years | Feb 2012 | - | Director |
| Mr Malcolm Weaver | 79 years | Nov 2013 | - | Director | |
| Mr Emeka Nweke | 38 years | Nov 2013 | - | Director | |
| Ms Helen Reeves | 55 years | Oct 2019 | - | Director | |
| Mrs Nicola Raggett | 56 years | Feb 2021 | - | Director | |
| Miss Karen Slater | 48 years | Jan 2022 | - | Director | |
| Mr John Gibson | 48 years | Jan 2023 | - | Director | |
| Mrs Susan Hill | 45 years | Oct 2023 | - | Director |
P&L
August 2023turnover
1.2m
+2%
operating profit
-89.9k
0%
gross margin
69.2%
+11.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
1.8m
+0.1%
total assets
2m
-0.03%
cash
345.3k
-0.35%
net assets
Total assets minus all liabilities
the reach free school trust company details
company number
07960515
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85600 - Educational support activities
incorporation date
February 2012
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2023
previous names
the reach school academy trust (March 2012)
accountant
-
auditor
FELTONS
address
9 high street, kings heath, birmingham, B14 7BB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
BROWNE JACOBSON
the reach free school trust 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 reach free school trust.
the reach free school trust 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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the reach free school trust Companies House Filings - See Documents
| date | description | view/download |
|---|
