source athletic development limited
source athletic development limited Company Information
Company Number
08093399
Next Accounts
Jan 2025
Industry
Advertising agencies
Operation of sports facilities
Directors
Shareholders
christopher pilling
Group Structure
View All
Contact
Registered Address
new highfields new place, uckfield, east sussex, TN22 5DP
Website
-source athletic development limited Estimated Valuation
Pomanda estimates the enterprise value of SOURCE ATHLETIC DEVELOPMENT LIMITED at £29.6k based on a Turnover of £60.5k and 0.49x industry multiple (adjusted for size and gross margin).
source athletic development limited Estimated Valuation
Pomanda estimates the enterprise value of SOURCE ATHLETIC DEVELOPMENT LIMITED at £20.6k based on an EBITDA of £7.5k and a 2.74x industry multiple (adjusted for size and gross margin).
source athletic development limited Estimated Valuation
Pomanda estimates the enterprise value of SOURCE ATHLETIC DEVELOPMENT LIMITED at £5.3k based on Net Assets of £2.9k and 1.85x industry multiple (adjusted for liquidity).
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Source Athletic Development Limited Overview
Source Athletic Development Limited is a dissolved company that was located in east sussex, TN22 5DP with a Companies House number of 08093399. It operated in the advertising agencies sector, SIC Code 73110. Founded in June 2012, it's largest shareholder was christopher pilling with a 100% stake. The last turnover for Source Athletic Development Limited was estimated at £60.5k.
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Source Athletic Development Limited Health Check
Pomanda's financial health check has awarded Source Athletic Development Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £60.5k, make it smaller than the average company (£3.9m)
£60.5k - Source Athletic Development Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 60%, show it is growing at a faster rate (0.6%)
60% - Source Athletic Development Limited
0.6% - Industry AVG
Production
with a gross margin of 29.1%, this company has a higher cost of product (53.9%)
29.1% - Source Athletic Development Limited
53.9% - Industry AVG
Profitability
an operating margin of 12.4% make it more profitable than the average company (6.7%)
12.4% - Source Athletic Development Limited
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (28)
1 - Source Athletic Development Limited
28 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£40.7k)
£34k - Source Athletic Development Limited
£40.7k - Industry AVG
Efficiency
resulting in sales per employee of £60.5k, this is less efficient (£106.3k)
£60.5k - Source Athletic Development Limited
£106.3k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (37 days)
17 days - Source Athletic Development Limited
37 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Source Athletic Development Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Source Athletic Development Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Source Athletic Development Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Source Athletic Development Limited
- - Industry AVG
SOURCE ATHLETIC DEVELOPMENT LIMITED financials
Source Athletic Development Limited's latest turnover from August 2022 is £60.5 thousand and the company has net assets of £2.9 thousand. According to their latest financial statements, Source Athletic Development Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 60,476 | 36,869 | 12,776 | 14,752 | ||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | ||||||
| Interest Receivable | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 7,500 | 1,195 | -4,052 | 4,676 | ||||||
| Tax | -1,426 | -227 | 770 | -888 | ||||||
| Profit After Tax | 6,074 | 968 | -3,282 | 3,788 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 6,074 | 968 | -3,282 | 3,788 | ||||||
| Employee Costs | 33,960 | 24,611 | 14,471 | 7,979 | ||||||
| Number Of Employees | 1 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656 | 1,274 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,239 | 100 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656 | 3,513 | 100 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,852 | 603 | 235 | 7,268 | 2,526 | 14,024 | 6,971 | 11,084 | 9,712 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,328 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,852 | 603 | 235 | 7,268 | 2,526 | 14,024 | 6,971 | 11,084 | 9,712 | 5,328 |
| total assets | 2,852 | 603 | 235 | 7,268 | 2,526 | 14,024 | 6,971 | 11,740 | 13,225 | 5,428 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 4,487 | 0 | 1,081 | 461 | 874 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 0 | 0 | 0 | 4,487 | 0 | 1,081 | 461 | 874 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 2,271 | 0 | 0 | 0 | 11,626 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 425 | 981 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 2,271 | 0 | 0 | 425 | 12,607 | 0 | 0 |
| total liabilities | 0 | 0 | 0 | 2,271 | 0 | 4,487 | 425 | 13,688 | 461 | 874 |
| net assets | 2,852 | 603 | 235 | 4,997 | 2,526 | 9,537 | 6,546 | -1,948 | 12,764 | 4,554 |
| total shareholders funds | 2,852 | 603 | 235 | 4,997 | 2,526 | 9,537 | 6,546 | -1,948 | 12,764 | 4,554 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -1,426 | -227 | 770 | -888 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,249 | 368 | -7,033 | 4,742 | -11,498 | 7,053 | -4,113 | 1,372 | 9,712 | 0 |
| Creditors | 0 | 0 | 0 | 0 | -4,487 | 4,487 | -1,081 | 620 | -413 | 874 |
| Accruals and Deferred Income | 0 | 0 | -2,271 | 2,271 | 0 | 0 | -11,626 | 11,626 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -425 | -556 | 981 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,239 | 2,139 | 100 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | 0 | ||||||
| cash flow from financing | -3,825 | -600 | -1,480 | -1,317 | ||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,328 | 5,328 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,328 | 5,328 |
source athletic development limited Credit Report and Business Information
Source Athletic Development Limited Competitor Analysis
Perform a competitor analysis for source athletic development limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in TN22 area or any other competitors across 12 key performance metrics.
source athletic development limited Ownership
SOURCE ATHLETIC DEVELOPMENT LIMITED group structure
Source Athletic Development Limited has no subsidiary companies.
Ultimate parent company
SOURCE ATHLETIC DEVELOPMENT LIMITED
08093399
source athletic development limited directors
Source Athletic Development Limited currently has 1 director, Mr Christopher Pilling serving since Jun 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Pilling | United Kingdom | 34 years | Jun 2012 | - | Director |
P&L
August 2022turnover
60.5k
+64%
operating profit
7.5k
0%
gross margin
29.1%
+22.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
2.9k
+3.73%
total assets
2.9k
+3.73%
cash
0
0%
net assets
Total assets minus all liabilities
source athletic development limited company details
company number
08093399
Type
Private limited with Share Capital
industry
73110 - Advertising agencies
93110 - Operation of sports facilities
incorporation date
June 2012
age
13
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2022
previous names
N/A
accountant
-
auditor
-
address
new highfields new place, uckfield, east sussex, TN22 5DP
Bank
-
Legal Advisor
-
source athletic development 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 source athletic development limited.
source athletic development 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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source athletic development limited Companies House Filings - See Documents
| date | description | view/download |
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