sincere unity limited
sincere unity limited Company Information
Company Number
08859526
Website
-Registered Address
2nd floor, cathay building 86 holloway, birmingham, B1 1NB
Industry
Accounting, and auditing activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Tony Chew10 Years
Shareholders
tony chew 51%
cheyenne chew siegel 16%
View Allsincere unity limited Estimated Valuation
Pomanda estimates the enterprise value of SINCERE UNITY LIMITED at £554k based on a Turnover of £666.6k and 0.83x industry multiple (adjusted for size and gross margin).
sincere unity limited Estimated Valuation
Pomanda estimates the enterprise value of SINCERE UNITY LIMITED at £446.4k based on an EBITDA of £94.9k and a 4.71x industry multiple (adjusted for size and gross margin).
sincere unity limited Estimated Valuation
Pomanda estimates the enterprise value of SINCERE UNITY LIMITED at £2.2m based on Net Assets of £728.1k and 3.03x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Sincere Unity Limited Overview
Sincere Unity Limited is a live company located in birmingham, B1 1NB with a Companies House number of 08859526. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in January 2014, it's largest shareholder is tony chew with a 51% stake. Sincere Unity Limited is a established, small sized company, Pomanda has estimated its turnover at £666.6k with healthy growth in recent years.
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Sincere Unity Limited Health Check
Pomanda's financial health check has awarded Sincere Unity Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £666.6k, make it larger than the average company (£141.2k)
- Sincere Unity Limited
£141.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (5.8%)
- Sincere Unity Limited
5.8% - Industry AVG
Production
with a gross margin of 69%, this company has a comparable cost of product (69%)
- Sincere Unity Limited
69% - Industry AVG
Profitability
an operating margin of 4% make it less profitable than the average company (16.3%)
- Sincere Unity Limited
16.3% - Industry AVG
Employees
with 18 employees, this is above the industry average (3)
18 - Sincere Unity Limited
3 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has an equivalent pay structure (£19.8k)
- Sincere Unity Limited
£19.8k - Industry AVG
Efficiency
resulting in sales per employee of £37k, this is less efficient (£69.5k)
- Sincere Unity Limited
£69.5k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is earlier than average (97 days)
- Sincere Unity Limited
97 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (26 days)
- Sincere Unity Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (74 days)
- Sincere Unity Limited
74 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 374 weeks, this is more cash available to meet short term requirements (27 weeks)
374 weeks - Sincere Unity Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.9%, this is a lower level of debt than the average (57.3%)
9.9% - Sincere Unity Limited
57.3% - Industry AVG
SINCERE UNITY LIMITED financials
Sincere Unity Limited's latest turnover from March 2023 is estimated at £666.6 thousand and the company has net assets of £728.1 thousand. According to their latest financial statements, Sincere Unity Limited has 18 employees and maintains cash reserves of £562.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 18 | 18 | 18 | 15 | 15 | 15 | 14 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,770 | 9,596 | 6,942 | 7,860 | 7,974 | 8,870 | 8,006 | 5,138 | 4,865 |
| Intangible Assets | 65,100 | 130,200 | 195,300 | 260,400 | 325,500 | 390,600 | 455,700 | 520,800 | 585,900 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 73,870 | 139,796 | 202,242 | 268,260 | 333,474 | 399,470 | 463,706 | 525,938 | 590,765 |
| Stock & work in progress | 27,460 | 33,994 | 32,277 | 27,943 | 28,561 | 40,116 | 33,279 | 35,737 | 33,906 |
| Trade Debtors | 129,576 | 84,025 | 109,249 | 106,767 | 82,064 | 101,666 | 96,145 | 114,127 | 134,462 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,715 | 16,194 | 18,628 | 23,134 | 11,575 | 17,694 | 12,708 | 0 | 0 |
| Cash | 562,151 | 527,815 | 430,138 | 229,580 | 159,751 | 161,052 | 140,329 | 137,285 | 134,240 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 733,902 | 662,028 | 590,292 | 387,424 | 281,951 | 320,528 | 282,461 | 287,149 | 302,608 |
| total assets | 807,772 | 801,824 | 792,534 | 655,684 | 615,425 | 719,998 | 746,167 | 813,087 | 893,373 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 687 | 910 | 1,178 | 680 | 979 | 7,704 | 243,138 | 233,875 | 326,190 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 77,336 | 111,231 | 120,174 | 107,896 | 112,849 | 262,970 | 0 | 0 | 0 |
| total current liabilities | 78,023 | 112,141 | 121,352 | 108,576 | 113,829 | 270,674 | 243,138 | 233,875 | 326,190 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 143,506 | 280,027 | 409,903 |
| provisions | 1,611 | 1,756 | 1,237 | 1,393 | 1,246 | 1,535 | 1,407 | 718 | 596 |
| total long term liabilities | 1,611 | 1,756 | 1,237 | 1,393 | 1,246 | 1,535 | 144,913 | 280,745 | 410,499 |
| total liabilities | 79,634 | 113,897 | 122,589 | 109,969 | 115,075 | 272,209 | 388,051 | 514,620 | 736,689 |
| net assets | 728,138 | 687,927 | 669,945 | 545,715 | 500,350 | 447,789 | 358,116 | 298,467 | 156,684 |
| total shareholders funds | 728,138 | 687,927 | 669,945 | 545,715 | 500,350 | 447,789 | 358,116 | 298,467 | 156,684 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 3,302 | 3,940 | 3,650 | 3,444 | 3,283 | 4,537 | 2,349 | 1,333 | 1,015 |
| Amortisation | 65,100 | 65,100 | 65,100 | 65,100 | 65,100 | 195,300 | 65,100 | 65,100 | 65,100 |
| Tax | |||||||||
| Stock | -6,534 | 1,717 | 4,334 | -618 | -11,555 | 6,837 | -2,458 | 1,831 | 33,906 |
| Debtors | 44,072 | -27,658 | -2,024 | 36,262 | -25,721 | 10,507 | -5,274 | -20,335 | 134,462 |
| Creditors | -223 | -268 | 498 | -299 | -6,725 | -235,434 | 9,263 | -92,315 | 326,190 |
| Accruals and Deferred Income | -33,895 | -8,943 | 12,278 | -4,953 | -150,121 | 262,970 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -145 | 519 | -156 | 147 | -289 | 128 | 689 | 122 | 596 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -143,506 | -136,521 | -129,876 | 409,903 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 34,336 | 97,677 | 200,558 | 69,829 | -1,301 | 20,723 | 3,044 | 3,045 | 134,240 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 34,336 | 97,677 | 200,558 | 69,829 | -1,301 | 20,723 | 3,044 | 3,045 | 134,240 |
sincere unity limited Credit Report and Business Information
Sincere Unity Limited Competitor Analysis
Perform a competitor analysis for sincere unity limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in B 1 area or any other competitors across 12 key performance metrics.
sincere unity limited Ownership
SINCERE UNITY LIMITED group structure
Sincere Unity Limited has no subsidiary companies.
Ultimate parent company
SINCERE UNITY LIMITED
08859526
sincere unity limited directors
Sincere Unity Limited currently has 1 director, Mr Tony Chew serving since Jan 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tony Chew | United Kingdom | 77 years | Jan 2014 | - | Director |
P&L
March 2023turnover
666.6k
+25%
operating profit
26.5k
0%
gross margin
69.1%
+5.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
728.1k
+0.06%
total assets
807.8k
+0.01%
cash
562.2k
+0.07%
net assets
Total assets minus all liabilities
sincere unity limited company details
company number
08859526
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
January 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
2nd floor, cathay building 86 holloway, birmingham, B1 1NB
accountant
-
auditor
-
sincere unity 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 sincere unity limited.
sincere unity limited Companies House Filings - See Documents
| date | description | view/download |
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