balance (support) cic
balance (support) cic Company Information
Company Number
08458531
Website
balance-cic.comRegistered Address
hollyfield house, 22 hollyfield road, surbiton, KT5 9AL
Industry
Residential care activities for learning disabilities, mental health and substance abuse
Other social work activities without accommodation n.e.c.
Telephone
02034683070
Next Accounts Due
1266 days late
Group Structure
View All
Shareholders
andrea biggs 100%
balance (support) cic Estimated Valuation
Pomanda estimates the enterprise value of BALANCE (SUPPORT) CIC at £3.5m based on a Turnover of £3.4m and 1.04x industry multiple (adjusted for size and gross margin).
balance (support) cic Estimated Valuation
Pomanda estimates the enterprise value of BALANCE (SUPPORT) CIC at £1.6m based on an EBITDA of £181.9k and a 8.59x industry multiple (adjusted for size and gross margin).
balance (support) cic Estimated Valuation
Pomanda estimates the enterprise value of BALANCE (SUPPORT) CIC at £18k based on Net Assets of £23.8k and 0.76x industry multiple (adjusted for liquidity).
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Balance (support) Cic Overview
Balance (support) Cic is a converted/closed company that was located in surbiton, KT5 9AL with a Companies House number of 08458531. It operated in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in March 2013, it's largest shareholder was andrea biggs with a 100% stake. The last turnover for Balance (support) Cic was estimated at £3.4m.
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Balance (support) Cic Health Check
Pomanda's financial health check has awarded Balance (Support) Cic a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £3.4m, make it larger than the average company (£1.4m)
£3.4m - Balance (support) Cic
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (3.8%)
3% - Balance (support) Cic
3.8% - Industry AVG
Production
with a gross margin of 98.4%, this company has a lower cost of product (38.5%)
98.4% - Balance (support) Cic
38.5% - Industry AVG
Profitability
an operating margin of 5.1% make it less profitable than the average company (6.5%)
5.1% - Balance (support) Cic
6.5% - Industry AVG
Employees
with 103 employees, this is above the industry average (51)
- Balance (support) Cic
51 - Industry AVG
Pay Structure
on an average salary of £20.3k, the company has an equivalent pay structure (£20.3k)
- Balance (support) Cic
£20.3k - Industry AVG
Efficiency
resulting in sales per employee of £32.6k, this is equally as efficient (£32.9k)
- Balance (support) Cic
£32.9k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is later than average (19 days)
51 days - Balance (support) Cic
19 days - Industry AVG
Creditor Days
its suppliers are paid after 766 days, this is slower than average (7 days)
766 days - Balance (support) Cic
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Balance (support) Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is less cash available to meet short term requirements (134 weeks)
20 weeks - Balance (support) Cic
134 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.6%, this is a higher level of debt than the average (25.8%)
97.6% - Balance (support) Cic
25.8% - Industry AVG
BALANCE (SUPPORT) CIC financials
Balance (Support) Cic's latest turnover from March 2019 is £3.4 million and the company has net assets of £23.8 thousand. According to their latest financial statements, we estimate that Balance (Support) Cic has 103 employees and maintains cash reserves of £375.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|
| Turnover | 3,360,135 | 3,356,798 | 3,102,008 | 3,106,513 | 2,405,981 | 438,743 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 55,017 | 91,441 | 44,751 | 31,630 | 11,828 | 0 |
| Gross Profit | 3,305,118 | 3,265,357 | 3,057,257 | 3,074,883 | 2,394,153 | 438,743 |
| Admin Expenses | 2,393,228 | 414,780 | ||||
| Operating Profit | 925 | 23,963 | ||||
| Interest Payable | 0 | 0 | 0 | 0 | 1,032 | 624 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 142,398 | -168,372 | 298,863 | -257,704 | 925 | 23,963 |
| Tax | -3,372 | 0 | -8,074 | 0 | 204 | -5,000 |
| Profit After Tax | 139,026 | -168,372 | 290,789 | -257,704 | 1,129 | 18,963 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 139,026 | -168,372 | 290,789 | -257,704 | 1,129 | 18,963 |
| Employee Costs | 2,358,030 | 1,717,620 | 341,806 | |||
| Number Of Employees | 110 | 57 | 13 | |||
| EBITDA* | 3,546 | 24,123 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 16,759 | 17,015 | 10,929 | 14,393 | 16,917 | 1,111 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,759 | 17,015 | 10,929 | 14,393 | 16,917 | 1,111 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 472,610 | 490,509 | 358,786 | 34,603 | 154,502 | 43,599 |
| Group Debtors | 0 | 0 | 0 | 4,920 | 4,920 | 0 |
| Misc Debtors | 110,252 | 30,796 | 2 | 102,835 | 220,675 | 19,702 |
| Cash | 375,933 | 51,876 | 99,559 | 95,369 | 27,922 | 76,247 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 958,795 | 573,181 | 458,347 | 237,727 | 408,019 | 139,548 |
| total assets | 975,554 | 590,196 | 469,276 | 252,120 | 424,936 | 140,659 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 115,476 | 159,263 | 37,560 | 40,355 | 113,736 | 1,728 |
| Group/Directors Accounts | 8,398 | 14,486 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 827,845 | 531,637 | 378,534 | 449,372 | 291,106 | 119,966 |
| total current liabilities | 951,719 | 705,386 | 416,094 | 489,727 | 404,842 | 121,694 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 951,719 | 705,386 | 416,094 | 489,727 | 404,842 | 121,694 |
| net assets | 23,835 | -115,190 | 53,182 | -237,607 | 20,094 | 18,965 |
| total shareholders funds | 23,835 | -115,190 | 53,182 | -237,607 | 20,094 | 18,965 |
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 925 | 23,963 | ||||
| Depreciation | 11,907 | 9,743 | 6,066 | 4,485 | 2,621 | 160 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -3,372 | 0 | -8,074 | 0 | 204 | -5,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 61,557 | 162,517 | 216,430 | -237,739 | 316,796 | 63,301 |
| Creditors | -43,787 | 121,703 | -2,795 | -73,381 | 112,008 | 1,728 |
| Accruals and Deferred Income | 296,208 | 153,103 | -70,838 | 158,266 | 171,140 | 119,966 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -29,898 | 77,516 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -6,088 | 14,486 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 0 | 0 | 0 | 0 | -1,032 | -624 |
| cash flow from financing | -6,089 | 14,486 | 0 | 3 | -1,032 | -622 |
| cash and cash equivalents | ||||||
| cash | 324,057 | -47,683 | 4,190 | 67,447 | -48,325 | 76,247 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 324,057 | -47,683 | 4,190 | 67,447 | -48,325 | 76,247 |
balance (support) cic Credit Report and Business Information
Balance (support) Cic Competitor Analysis
Perform a competitor analysis for balance (support) cic by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in KT5 area or any other competitors across 12 key performance metrics.
balance (support) cic Ownership
BALANCE (SUPPORT) CIC group structure
Balance (Support) Cic has no subsidiary companies.
Ultimate parent company
BALANCE (SUPPORT) CIC
08458531
balance (support) cic directors
Balance (Support) Cic currently has 6 directors. The longest serving directors include Ms Andrea Biggs (Mar 2013) and Mrs Jeanette Swan (May 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Andrea Biggs | 49 years | Mar 2013 | - | Director | |
| Mrs Jeanette Swan | England | 71 years | May 2013 | - | Director |
| Mr Alan Willmott | 68 years | Apr 2018 | - | Director | |
| Miss Shamaila Ahmedi | 55 years | Jul 2019 | - | Director | |
| Mr Paul Henson | 47 years | Jul 2019 | - | Director | |
| Mr Ian Davison | 65 years | Jul 2019 | - | Director |
P&L
March 2019turnover
3.4m
0%
operating profit
170k
0%
gross margin
98.4%
+1.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
23.8k
-1.21%
total assets
975.6k
+0.65%
cash
375.9k
+6.25%
net assets
Total assets minus all liabilities
Similar Companies
balance (support) cic company details
company number
08458531
Type
Private limited with Share Capital
industry
87200 - Residential care activities for learning disabilities, mental health and substance abuse
88990 - Other social work activities without accommodation n.e.c.
incorporation date
March 2013
age
11
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
balance innovations cic (April 2013)
last accounts submitted
March 2019
address
hollyfield house, 22 hollyfield road, surbiton, KT5 9AL
accountant
-
auditor
MITCHELL CHARLESWORTH LLP
balance (support) cic 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 balance (support) cic.
balance (support) cic Companies House Filings - See Documents
| date | description | view/download |
|---|
