set sail ministries limited
set sail ministries limited Company Information
Company Number
09711493
Next Accounts
Apr 2025
Industry
Support activities to performing arts
Shareholders
-
Group Structure
View All
Contact
Registered Address
65 moorfield road, salford, M6 7EY
Website
www.setsailministries.comset sail ministries limited Estimated Valuation
Pomanda estimates the enterprise value of SET SAIL MINISTRIES LIMITED at £36.8k based on a Turnover of £33.3k and 1.1x industry multiple (adjusted for size and gross margin).
set sail ministries limited Estimated Valuation
Pomanda estimates the enterprise value of SET SAIL MINISTRIES LIMITED at £99k based on an EBITDA of £7.1k and a 13.96x industry multiple (adjusted for size and gross margin).
set sail ministries limited Estimated Valuation
Pomanda estimates the enterprise value of SET SAIL MINISTRIES LIMITED at £141.6k based on Net Assets of £103.5k and 1.37x industry multiple (adjusted for liquidity).
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Set Sail Ministries Limited Overview
Set Sail Ministries Limited is a live company located in salford, M6 7EY with a Companies House number of 09711493. It operates in the support activities to performing arts sector, SIC Code 90020. Founded in July 2015, it's largest shareholder is unknown. Set Sail Ministries Limited is a young, micro sized company, Pomanda has estimated its turnover at £33.3k with rapid growth in recent years.
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Set Sail Ministries Limited Health Check
Pomanda's financial health check has awarded Set Sail Ministries Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £33.3k, make it smaller than the average company (£267.8k)
£33.3k - Set Sail Ministries Limited
£267.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (4.9%)
- Set Sail Ministries Limited
4.9% - Industry AVG
Production
with a gross margin of 96.4%, this company has a lower cost of product (38.4%)
96.4% - Set Sail Ministries Limited
38.4% - Industry AVG
Profitability
an operating margin of 17.5% make it more profitable than the average company (6.7%)
17.5% - Set Sail Ministries Limited
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Set Sail Ministries Limited
4 - Industry AVG
Pay Structure
on an average salary of £28.3k, the company has an equivalent pay structure (£28.3k)
- Set Sail Ministries Limited
£28.3k - Industry AVG
Efficiency
resulting in sales per employee of £33.3k, this is less efficient (£72.4k)
- Set Sail Ministries Limited
£72.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Set Sail Ministries Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Set Sail Ministries Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Set Sail Ministries Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 485 weeks, this is more cash available to meet short term requirements (106 weeks)
485 weeks - Set Sail Ministries Limited
106 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.3%, this is a lower level of debt than the average (32.1%)
10.3% - Set Sail Ministries Limited
32.1% - Industry AVG
SET SAIL MINISTRIES LIMITED financials
Set Sail Ministries Limited's latest turnover from July 2023 is £33.3 thousand and the company has net assets of £103.5 thousand. According to their latest financial statements, we estimate that Set Sail Ministries Limited has 1 employee and maintains cash reserves of £110.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 33,328 | |||||||
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 1,192 | |||||||
| Gross Profit | 32,136 | |||||||
| Admin Expenses | 26,297 | |||||||
| Operating Profit | 5,839 | |||||||
| Interest Payable | 0 | |||||||
| Interest Receivable | 0 | |||||||
| Pre-Tax Profit | 5,839 | |||||||
| Tax | -1,345 | |||||||
| Profit After Tax | 4,494 | |||||||
| Dividends Paid | 0 | |||||||
| Retained Profit | 4,494 | |||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | ||||||
| EBITDA* | 7,091 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,007 | 6,259 | 7,823 | 8,226 | 8,282 | 5,855 | 3,435 | 3,003 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,007 | 6,259 | 7,823 | 8,226 | 8,282 | 5,855 | 3,435 | 3,003 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 449 | 449 | 449 | 1,620 | 875 | 500 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 7,615 | 0 | 0 |
| Cash | 110,298 | 102,587 | 65,055 | 47,131 | 11,786 | 17,072 | 28,151 | 15,629 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 110,298 | 102,587 | 65,504 | 47,580 | 12,235 | 26,307 | 29,026 | 16,129 |
| total assets | 115,305 | 108,846 | 73,327 | 55,806 | 20,517 | 32,162 | 32,461 | 19,132 |
| Bank overdraft | 0 | 0 | 0 | 0 | 16 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 5,337 | 1,248 | 1,355 | 1,864 | 1,150 | 195 |
| 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 | 11,815 | 8,786 | 4,474 | 5,141 | 0 | 187 | 2,980 | 3,187 |
| total current liabilities | 11,815 | 8,786 | 9,811 | 6,389 | 1,371 | 2,051 | 4,130 | 3,382 |
| 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 | 1,064 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 1,064 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,815 | 9,850 | 9,811 | 6,389 | 1,371 | 2,051 | 4,130 | 3,382 |
| net assets | 103,490 | 98,996 | 63,516 | 49,417 | 19,146 | 30,111 | 28,331 | 15,750 |
| total shareholders funds | 103,490 | 98,996 | 63,516 | 49,417 | 19,146 | 30,111 | 28,331 | 15,750 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 5,839 | |||||||
| Depreciation | 1,252 | 1,564 | 1,956 | 2,056 | 2,071 | 1,913 | 1,047 | 750 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,345 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -449 | 0 | 0 | -8,786 | 8,360 | 375 | 500 |
| Creditors | 0 | -5,337 | 4,089 | -107 | -509 | 714 | 955 | 195 |
| Accruals and Deferred Income | 3,029 | 4,312 | -667 | 5,141 | -187 | -2,793 | -207 | 3,187 |
| Deferred Taxes & Provisions | -1,064 | 1,064 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,711 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| 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 | |||||||
| cash flow from financing | 0 | |||||||
| cash and cash equivalents | ||||||||
| cash | 7,711 | 37,532 | 17,924 | 35,345 | -5,286 | -11,079 | 12,522 | 15,629 |
| overdraft | 0 | 0 | 0 | -16 | 16 | 0 | 0 | 0 |
| change in cash | 7,711 | 37,532 | 17,924 | 35,361 | -5,302 | -11,079 | 12,522 | 15,629 |
set sail ministries limited Credit Report and Business Information
Set Sail Ministries Limited Competitor Analysis
Perform a competitor analysis for set sail ministries limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in M 6 area or any other competitors across 12 key performance metrics.
set sail ministries limited Ownership
SET SAIL MINISTRIES LIMITED group structure
Set Sail Ministries Limited has no subsidiary companies.
Ultimate parent company
SET SAIL MINISTRIES LIMITED
09711493
set sail ministries limited directors
Set Sail Ministries Limited currently has 2 directors. The longest serving directors include Mr Jonathan Ogden (Jul 2015) and Mr Nathan Stirling (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Ogden | United Kingdom | 32 years | Jul 2015 | - | Director |
| Mr Nathan Stirling | United Kingdom | 35 years | Jul 2015 | - | Director |
P&L
July 2023turnover
33.3k
0%
operating profit
5.8k
0%
gross margin
96.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
103.5k
+0.05%
total assets
115.3k
+0.06%
cash
110.3k
+0.08%
net assets
Total assets minus all liabilities
Similar Companies
set sail ministries limited company details
company number
09711493
Type
Private Ltd By Guarantee w/o Share Cap
industry
90020 - Support activities to performing arts
incorporation date
July 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
CLARITY ACCOUNTANTS
auditor
-
address
65 moorfield road, salford, M6 7EY
Bank
-
Legal Advisor
-
set sail ministries 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 set sail ministries limited.
set sail ministries 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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set sail ministries limited Companies House Filings - See Documents
| date | description | view/download |
|---|
