Pomanda estimates the enterprise value of ONGO PARTNERSHIP LIMITED at £113.3m based on a Turnover of £55.2m and 2.05x industry multiple (adjusted for size and gross margin).
ongo partnership limitedEstimated Valuation
£362.1m
Pomanda estimates the enterprise value of ONGO PARTNERSHIP LIMITED at £362.1m based on an EBITDA of £23.1m and a 15.7x industry multiple (adjusted for size and gross margin).
ongo partnership limitedEstimated Valuation
£228.6m
Pomanda estimates the enterprise value of ONGO PARTNERSHIP LIMITED at £228.6m based on Net Assets of £114.9m and 1.99x industry multiple (adjusted for liquidity).
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Ongo Partnership LimitedOverview
Ongo Partnership Limited is a converted/closed company that was located in scunthorpe, DN15 6AT with a Companies House number of 08048224. It operated in the activities of head offices sector, SIC Code 70100. Founded in April 2012, it's largest shareholder was
unknown.
The last turnover for Ongo Partnership Limited was estimated at £55.2m.
Pomanda's financial health check has awarded Ongo Partnership Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
2 Regular
2 Weak
Size
annual sales of £55.2m, make it larger than the average company (£17.2m)
£55.2m - Ongo Partnership Limited
£17.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (1.5%)
4% - Ongo Partnership Limited
1.5% - Industry AVG
Production
with a gross margin of 92.5%, this company has a lower cost of product (32.5%)
92.5% - Ongo Partnership Limited
32.5% - Industry AVG
Profitability
an operating margin of 22.5% make it more profitable than the average company (6.2%)
22.5% - Ongo Partnership Limited
6.2% - Industry AVG
Employees
with 452 employees, this is above the industry average (110)
452 - Ongo Partnership Limited
110 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£43.4k)
£37.6k - Ongo Partnership Limited
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £122.2k, this is less efficient (£172.8k)
£122.2k - Ongo Partnership Limited
£172.8k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (47 days)
7 days - Ongo Partnership Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (47 days)
76 days - Ongo Partnership Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 81 days, this is more than average (49 days)
81 days - Ongo Partnership Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 175 weeks, this is more cash available to meet short term requirements (18 weeks)
175 weeks - Ongo Partnership Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.8%, this is a similar level of debt than the average (57.6%)
61.8% - Ongo Partnership Limited
57.6% - Industry AVG
ONGO PARTNERSHIP LIMITED financials
EXPORT
Ongo Partnership Limited's latest turnover from March 2022 is £55.2 million and the company has net assets of £114.9 million. According to their latest financial statements, Ongo Partnership Limited has 452 employees and maintains cash reserves of £75.7 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Turnover
55,220,000
51,367,000
52,343,000
49,720,000
48,196,000
47,971,000
48,754,000
46,208,000
39,931,000
17,506,000
Other Income Or Grants
Cost Of Sales
4,134,000
3,912,000
5,482,000
3,983,000
32,827,968
32,566,060
33,135,095
32,113,079
27,929,207
12,236,171
Gross Profit
51,086,000
47,455,000
46,861,000
45,737,000
15,368,032
15,404,940
15,618,905
14,094,921
12,001,793
5,269,829
Admin Expenses
38,642,000
34,703,000
35,580,000
34,420,000
1,661,032
1,146,940
1,059,905
2,846,921
3,473,793
2,588,829
Operating Profit
12,444,000
12,752,000
11,281,000
11,317,000
13,707,000
14,258,000
14,559,000
11,248,000
8,528,000
2,681,000
Interest Payable
4,872,000
3,795,000
3,479,000
3,345,000
3,155,000
2,906,000
3,298,000
4,407,000
2,896,000
1,472,000
Interest Receivable
54,000
11,000
107,000
94,000
81,000
73,000
54,000
1,311,000
20,000
13,000
Pre-Tax Profit
7,641,000
8,948,000
7,649,000
8,659,000
10,633,000
11,425,000
11,315,000
9,111,000
6,562,000
1,498,000
Tax
-172,000
-173,000
-42,000
-1,000
-26,000
-100,000
-133,000
-15,000
-5,000
Profit After Tax
7,469,000
8,775,000
7,607,000
8,658,000
10,607,000
11,325,000
11,182,000
9,096,000
6,557,000
1,498,000
Dividends Paid
Retained Profit
7,469,000
8,775,000
7,607,000
8,658,000
10,607,000
11,325,000
11,182,000
9,096,000
6,557,000
1,498,000
Employee Costs
16,987,000
15,261,000
15,843,000
15,978,000
14,240,000
13,002,000
12,729,000
11,301,000
10,768,000
4,921,000
Number Of Employees
452
425
440
351
329
334
321
330
321
311
EBITDA*
23,058,000
22,778,000
21,206,000
20,629,000
22,995,000
23,733,000
23,517,000
17,407,000
13,950,000
4,964,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Tangible Assets
219,268,000
202,494,000
196,280,000
185,945,000
170,782,000
160,401,000
157,057,000
157,237,000
102,827,000
95,302,000
Intangible Assets
31,000
43,000
54,000
65,000
76,000
87,000
96,000
109,000
Investments & Other
1,555,000
1,540,000
1,560,000
1,820,000
20,000
3,000
Debtors (Due After 1 year)
Total Fixed Assets
220,854,000
204,077,000
197,894,000
187,830,000
170,878,000
160,488,000
157,153,000
157,349,000
102,827,000
95,302,000
Stock & work in progress
927,000
2,003,000
1,323,000
1,229,000
86,000
36,000
10,000
27,000
64,000
180,000
Trade Debtors
1,208,000
842,000
1,522,000
1,326,000
575,000
2,603,000
825,000
1,346,000
1,707,000
799,000
Group Debtors
160,000
Misc Debtors
1,779,000
1,475,000
807,000
686,000
767,000
1,095,000
1,229,000
672,000
1,057,000
6,861,000
Cash
75,660,000
80,776,000
17,249,000
17,119,000
18,761,000
28,543,000
19,204,000
9,595,000
4,508,000
2,455,000
misc current assets
207,000
150,000
total current assets
79,574,000
85,096,000
20,901,000
20,360,000
20,189,000
32,277,000
21,428,000
11,640,000
7,543,000
10,445,000
total assets
300,428,000
289,173,000
218,795,000
208,190,000
191,067,000
192,765,000
178,581,000
168,989,000
110,370,000
105,747,000
Bank overdraft
6,000
6,000
17,000
6,000
Bank loan
Trade Creditors
865,000
694,000
719,000
1,098,000
550,000
584,000
428,000
1,194,000
1,482,000
1,242,000
Group/Directors Accounts
67,000
632,000
other short term finances
9,985,000
hp & lease commitments
other current liabilities
11,574,000
12,246,000
9,830,000
9,415,000
5,232,000
6,632,000
4,531,000
4,799,000
4,765,000
5,082,000
total current liabilities
22,424,000
12,940,000
10,549,000
10,513,000
5,782,000
7,216,000
4,965,000
5,999,000
6,331,000
6,962,000
loans
106,415,000
116,515,000
59,253,000
59,251,000
59,169,000
70,125,000
70,081,000
70,038,000
69,994,000
71,283,000
hp & lease commitments
Accruals and Deferred Income
54,901,000
50,994,000
other liabilities
8,000
48,516,000
45,936,000
43,583,000
42,992,000
44,061,000
provisions
595,000
285,000
75,000
total long term liabilities
163,090,000
179,247,000
111,869,000
115,994,000
109,713,000
80,513,000
116,262,000
127,341,000
76,584,000
77,326,000
total liabilities
185,514,000
192,187,000
122,418,000
126,507,000
115,495,000
87,729,000
121,227,000
133,340,000
82,915,000
84,288,000
net assets
114,914,000
96,986,000
96,377,000
81,683,000
75,572,000
105,036,000
57,354,000
35,649,000
27,455,000
21,459,000
total shareholders funds
114,914,000
96,986,000
96,377,000
81,683,000
75,572,000
105,036,000
57,354,000
35,649,000
27,455,000
21,459,000
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Operating Activities
Operating Profit
12,444,000
12,752,000
11,281,000
11,317,000
13,707,000
14,258,000
14,559,000
11,248,000
8,528,000
2,681,000
Depreciation
10,602,000
10,015,000
9,914,000
9,301,000
9,277,000
9,464,000
8,945,000
6,158,000
5,422,000
2,283,000
Amortisation
12,000
11,000
11,000
11,000
11,000
11,000
13,000
1,000
Tax
-172,000
-173,000
-42,000
-1,000
-26,000
-100,000
-133,000
-15,000
-5,000
Stock
-1,076,000
680,000
94,000
1,143,000
50,000
26,000
-17,000
-37,000
-116,000
180,000
Debtors
670,000
-12,000
317,000
670,000
-2,356,000
1,484,000
196,000
-746,000
-4,896,000
7,660,000
Creditors
171,000
-25,000
-379,000
548,000
-34,000
156,000
-766,000
-288,000
240,000
1,242,000
Accruals and Deferred Income
3,235,000
53,410,000
415,000
4,183,000
-1,400,000
2,101,000
-268,000
34,000
-317,000
5,082,000
Deferred Taxes & Provisions
-595,000
310,000
210,000
75,000
Cash flow from operations
26,698,000
75,322,000
20,789,000
23,546,000
23,246,000
24,690,000
22,381,000
17,996,000
18,880,000
3,448,000
Investing Activities
capital expenditure
-17,255,000
-27,034,000
-9,122,000
-6,640,000
-10,953,000
Change in Investments
15,000
-20,000
-260,000
1,800,000
20,000
-3,000
3,000
cash flow from investments
-15,000
20,000
260,000
-19,055,000
-27,054,000
-9,122,000
-6,637,000
-10,956,000
Financing Activities
Bank loans
Group/Directors Accounts
-67,000
-565,000
632,000
Other Short Term Loans
9,985,000
Long term loans
-10,100,000
57,262,000
2,000
82,000
-10,956,000
44,000
43,000
44,000
-1,289,000
71,283,000
Hire Purchase and Lease Commitments
other long term liabilities
8,000
-48,516,000
2,580,000
2,353,000
43,583,000
-42,992,000
-1,069,000
44,061,000
share issue
10,459,000
-8,166,000
7,087,000
-2,547,000
-40,071,000
36,357,000
10,523,000
-902,000
-561,000
19,961,000
interest
-4,818,000
-3,784,000
-3,372,000
-3,251,000
-3,074,000
-2,833,000
-3,244,000
-3,096,000
-2,876,000
-1,459,000
cash flow from financing
5,534,000
-3,204,000
6,297,000
-3,363,000
-10,518,000
-9,424,000
6,253,000
40,040,000
-5,291,000
90,417,000
cash and cash equivalents
cash
-5,116,000
63,527,000
130,000
-1,642,000
-9,782,000
9,339,000
9,609,000
5,087,000
2,053,000
2,455,000
overdraft
-6,000
-11,000
11,000
6,000
change in cash
-5,116,000
63,527,000
130,000
-1,642,000
-9,782,000
9,345,000
9,609,000
5,098,000
2,042,000
2,449,000
ongo partnership limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ongo partnership limited. Get real-time insights into ongo partnership limited's credit score, group structure and payment trends.
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ongo partnership limited Ownership
ONGO PARTNERSHIP LIMITED group structure
Ongo Partnership Limited has no subsidiary companies.
Ultimate parent company
ONGO PARTNERSHIP LIMITED
08048224
ONGO PARTNERSHIP LIMITED Shareholders
The sole shareholder of Ongo Partnership Limited is -.
-
-
ongo partnership limited directors
Ongo Partnership Limited currently has 11 directors.
The longest serving directors include
Mr Robert Walder (Sep 2016) and
Mrs Natalie Creswell (Jul 2018).
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 ongo partnership limited.
ongo partnership limited 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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ongo partnership limitedCompanies House Filings - See Documents
