goodnews evangelical mission
goodnews evangelical mission Company Information
Company Number
09651032
Website
goodnews-em.co.ukRegistered Address
chantry house 22 upperton road, eastbourne, east sussex, BN21 1BF
Industry
Activities of religious organisations
Telephone
01761412273
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
-0%
goodnews evangelical mission Estimated Valuation
Pomanda estimates the enterprise value of GOODNEWS EVANGELICAL MISSION at £24.7m based on a Turnover of £387.6k and 63.75x industry multiple (adjusted for size and gross margin).
goodnews evangelical mission Estimated Valuation
Pomanda estimates the enterprise value of GOODNEWS EVANGELICAL MISSION at £0 based on an EBITDA of £-1.1m and a 320.73x industry multiple (adjusted for size and gross margin).
goodnews evangelical mission Estimated Valuation
Pomanda estimates the enterprise value of GOODNEWS EVANGELICAL MISSION at £35.7m based on Net Assets of £12.4m and 2.89x industry multiple (adjusted for liquidity).
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Goodnews Evangelical Mission Overview
Goodnews Evangelical Mission is a live company located in east sussex, BN21 1BF with a Companies House number of 09651032. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in June 2015, it's largest shareholder is unknown. Goodnews Evangelical Mission is a young, micro sized company, Pomanda has estimated its turnover at £387.6k with declining growth in recent years.
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Goodnews Evangelical Mission Health Check
Pomanda's financial health check has awarded Goodnews Evangelical Mission a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £387.6k, make it larger than the average company (£294k)
£387.6k - Goodnews Evangelical Mission
£294k - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.9%)
-2% - Goodnews Evangelical Mission
1.9% - Industry AVG
Production
with a gross margin of 71.2%, this company has a comparable cost of product (71.2%)
71.2% - Goodnews Evangelical Mission
71.2% - Industry AVG
Profitability
an operating margin of -278.3% make it less profitable than the average company (0.6%)
-278.3% - Goodnews Evangelical Mission
0.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Goodnews Evangelical Mission
6 - Industry AVG
Pay Structure
on an average salary of £57.2k, the company has a higher pay structure (£22.4k)
£57.2k - Goodnews Evangelical Mission
£22.4k - Industry AVG
Efficiency
resulting in sales per employee of £387.6k, this is more efficient (£59.5k)
£387.6k - Goodnews Evangelical Mission
£59.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Goodnews Evangelical Mission
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Goodnews Evangelical Mission
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Goodnews Evangelical Mission
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 198 weeks, this is less cash available to meet short term requirements (385 weeks)
198 weeks - Goodnews Evangelical Mission
385 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.9%, this is a lower level of debt than the average (5.3%)
1.9% - Goodnews Evangelical Mission
5.3% - Industry AVG
GOODNEWS EVANGELICAL MISSION financials
Goodnews Evangelical Mission's latest turnover from November 2023 is £387.6 thousand and the company has net assets of £12.4 million. According to their latest financial statements, Goodnews Evangelical Mission has 1 employee and maintains cash reserves of £896.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 387,563 | 391,833 | 376,298 | 406,547 | 480,036 | 458,595 | 534,487 | 1,623,736 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,035,345 | -1,684,166 | -596,871 | -1,291,941 | 83,995 | -1,397,657 | -1,572,005 | 18,385,982 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,035,345 | -1,684,166 | -596,871 | -1,291,941 | 83,995 | -1,397,657 | -1,572,005 | 18,385,982 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,035,345 | -1,684,166 | -596,871 | -1,291,941 | 83,995 | -1,397,657 | -1,572,005 | 18,385,982 |
| Employee Costs | 57,197 | 62,869 | 123,244 | 105,911 | 103,806 | 105,750 | 81,229 | |
| Number Of Employees | 1 | 2 | 7 | 7 | 7 | 7 | 8 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,474 | 6,063 | 4,703 | 10,054 | 6,195 | 10,666 | 15,137 | 8,196 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 11,681,024 | 12,790,000 | 14,693,070 | 13,948,352 | 14,451,587 | 15,124,167 | 16,279,219 | 16,636,014 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,683,498 | 12,796,063 | 14,697,773 | 13,958,406 | 14,457,782 | 15,134,833 | 16,294,356 | 16,644,210 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,744 | 7,566 | 4,490 | 4,444 | 3,849 | 9,780 | 3,518 | 3,433 |
| Cash | 896,296 | 828,581 | 504,814 | 391,608 | 1,286,524 | 561,274 | 736,566 | 835,613 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 916,040 | 836,147 | 509,304 | 396,052 | 1,290,373 | 571,054 | 740,084 | 839,046 |
| total assets | 12,599,538 | 13,632,210 | 15,207,077 | 14,354,458 | 15,748,155 | 15,705,887 | 17,034,440 | 17,483,256 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 235,378 | 232,705 | 123,406 | 223,559 | 325,315 | 367,042 | 180,568 | 31,220 |
| total current liabilities | 235,378 | 232,705 | 123,406 | 223,559 | 325,315 | 367,042 | 180,568 | 31,220 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 116,628 | 116,628 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 116,628 | 116,628 |
| total liabilities | 235,378 | 232,705 | 123,406 | 223,559 | 325,315 | 367,042 | 297,196 | 147,848 |
| net assets | 12,364,160 | 13,399,505 | 15,083,671 | 14,130,899 | 15,422,840 | 15,338,845 | 16,737,244 | 17,335,408 |
| total shareholders funds | 12,364,160 | 13,399,505 | 15,083,671 | 14,130,899 | 15,422,840 | 15,338,845 | 16,737,244 | 17,335,408 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 3,588 | 3,589 | 5,351 | 5,549 | 4,471 | 4,471 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,178 | 3,076 | 46 | 595 | -5,931 | 6,262 | 85 | 3,433 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,673 | 109,299 | -100,153 | -101,756 | -41,727 | 186,474 | 149,348 | 31,220 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -116,628 | 0 | 116,628 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,826,346 | 1,937,304 | -14,188,031 |
| Change in Investments | -1,108,976 | -1,903,070 | 744,718 | -503,235 | -672,580 | -1,155,052 | -356,795 | 16,636,014 |
| cash flow from investments | 1,108,976 | 1,903,070 | -744,718 | 503,235 | 672,580 | -671,294 | 2,294,099 | -30,824,045 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 1,549,643 | 0 | 0 | -742 | 973,841 | -1,050,574 |
| cash and cash equivalents | ||||||||
| cash | 67,715 | 323,767 | 113,206 | -894,916 | 725,250 | -175,292 | -99,047 | 835,613 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 67,715 | 323,767 | 113,206 | -894,916 | 725,250 | -175,292 | -99,047 | 835,613 |
goodnews evangelical mission Credit Report and Business Information
Goodnews Evangelical Mission Competitor Analysis
Perform a competitor analysis for goodnews evangelical mission by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in BN21 area or any other competitors across 12 key performance metrics.
goodnews evangelical mission Ownership
GOODNEWS EVANGELICAL MISSION group structure
Goodnews Evangelical Mission has no subsidiary companies.
Ultimate parent company
GOODNEWS EVANGELICAL MISSION
09651032
goodnews evangelical mission directors
Goodnews Evangelical Mission currently has 4 directors. The longest serving directors include Mrs Patricia Aisbitt (Jun 2015) and Mr Andrew Griffiths (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Patricia Aisbitt | United Kingdom | 77 years | Jun 2015 | - | Director |
| Mr Andrew Griffiths | United Kingdom | 66 years | Jun 2015 | - | Director |
| Mr Alan Michael | United Kingdom | 60 years | Jul 2021 | - | Director |
| Mr Eduardo Harris | 55 years | Sep 2023 | - | Director |
P&L
November 2023turnover
387.6k
-1%
operating profit
-1.1m
0%
gross margin
71.3%
+8.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
12.4m
-0.08%
total assets
12.6m
-0.08%
cash
896.3k
+0.08%
net assets
Total assets minus all liabilities
goodnews evangelical mission company details
company number
09651032
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
June 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
CALADINE LIMITED
address
chantry house 22 upperton road, eastbourne, east sussex, BN21 1BF
Bank
CAF BANK
Legal Advisor
ANTHONY COLLINS SOLICITORS LLP
goodnews evangelical mission 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 goodnews evangelical mission.
goodnews evangelical mission Companies House Filings - See Documents
| date | description | view/download |
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