first floor, winston house, first floor, winston house, london, N3 1DH
Website
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the velvet foundationEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of THE VELVET FOUNDATION at £1.2m based on a Turnover of £2.2m and 0.56x industry multiple (adjusted for size and gross margin).
the velvet foundationEstimated Valuation
£7.2m
Pomanda estimates the enterprise value of THE VELVET FOUNDATION at £7.2m based on an EBITDA of £1.8m and a 3.89x industry multiple (adjusted for size and gross margin).
the velvet foundationEstimated Valuation
£2.7m
Pomanda estimates the enterprise value of THE VELVET FOUNDATION at £2.7m based on Net Assets of £1.2m and 2.3x industry multiple (adjusted for liquidity).
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The Velvet FoundationOverview
The Velvet Foundation is a live company located in london, N3 1DH with a Companies House number of 09797190. It operates in the educational support services sector, SIC Code 85600. Founded in September 2015, it's largest shareholder is
unknown.
The Velvet Foundation is a established,
small sized company, Pomanda has estimated its turnover at
£2.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded The Velvet Foundation a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
3 Regular
1 Weak
Size
annual sales of £2.2m, make it larger than the average company (£510.2k)
£2.2m - The Velvet Foundation
£510.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (6.2%)
56% - The Velvet Foundation
6.2% - Industry AVG
Production
with a gross margin of 53.9%, this company has a comparable cost of product (53.9%)
53.9% - The Velvet Foundation
53.9% - Industry AVG
Profitability
an operating margin of 84.2% make it more profitable than the average company (4.4%)
84.2% - The Velvet Foundation
4.4% - Industry AVG
Employees
with 44 employees, this is above the industry average (13)
44 - The Velvet Foundation
13 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
£26.3k - The Velvet Foundation
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £49.7k, this is equally as efficient (£50.7k)
£49.7k - The Velvet Foundation
£50.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Velvet Foundation
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Velvet Foundation
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Velvet Foundation
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (98 weeks)
8 weeks - The Velvet Foundation
98 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22%, this is a lower level of debt than the average (30.7%)
22% - The Velvet Foundation
30.7% - Industry AVG
THE VELVET FOUNDATION financials
EXPORT
The Velvet Foundation's latest turnover from September 2023 is £2.2 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that The Velvet Foundation has 44 employees and maintains cash reserves of £54.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Turnover
2,188,767
123,155
1,146,009
574,183
250,000
200,000
300,000
6,000
Other Income Or Grants
Cost Of Sales
1,008,806
59,597
601,251
296,880
126,609
99,825
147,348
2,882
Gross Profit
1,179,961
63,558
544,758
277,303
123,391
100,175
152,652
3,118
Admin Expenses
-662,810
1,016,572
-70,207
185,638
-20,959
118,677
95,673
-2,650
Operating Profit
1,842,771
-953,014
614,965
91,665
144,350
-18,502
56,979
5,768
Interest Payable
Interest Receivable
Pre-Tax Profit
1,386,431
-943,205
498,508
74,420
117,698
-17,973
46,221
4,620
Tax
Profit After Tax
1,386,431
-943,205
498,508
74,420
117,698
-17,973
46,221
4,620
Dividends Paid
Retained Profit
1,386,431
-943,205
498,508
74,420
117,698
-17,973
46,221
4,620
Employee Costs
1,159,277
79,671
660,092
318,048
146,364
120,539
163,726
22,483
Number Of Employees
44
3
26
13
6
5
7
1
EBITDA*
1,842,771
-953,014
614,965
91,665
144,350
-18,502
56,979
5,768
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Tangible Assets
Intangible Assets
Investments & Other
1,401,778
Debtors (Due After 1 year)
Total Fixed Assets
1,401,778
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
39,707
17,246
80,234
100,806
32
Cash
54,919
166,176
705,707
247,417
175,111
79,936
61,141
5,760
misc current assets
total current assets
94,626
183,422
785,941
348,223
175,111
79,968
61,141
5,760
total assets
1,496,404
183,422
785,941
348,223
175,111
79,968
61,141
5,760
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
329,684
403,133
62,447
123,237
24,545
47,100
10,300
1,140
total current liabilities
329,684
403,133
62,447
123,237
24,545
47,100
10,300
1,140
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
329,684
403,133
62,447
123,237
24,545
47,100
10,300
1,140
net assets
1,166,720
-219,711
723,494
224,986
150,566
32,868
50,841
4,620
total shareholders funds
1,166,720
-219,711
723,494
224,986
150,566
32,868
50,841
4,620
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Operating Activities
Operating Profit
1,842,771
-953,014
614,965
91,665
144,350
-18,502
56,979
5,768
Depreciation
Amortisation
Tax
Stock
Debtors
22,461
-62,988
-20,572
100,806
-32
32
Creditors
Accruals and Deferred Income
-73,449
340,686
-60,790
98,692
-22,555
36,800
9,160
1,140
Deferred Taxes & Provisions
Cash flow from operations
1,746,861
-549,340
574,747
89,551
121,827
18,266
66,139
6,908
Investing Activities
capital expenditure
Change in Investments
1,401,778
cash flow from investments
-1,401,778
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
-111,257
-539,531
458,290
72,306
95,175
18,795
55,381
5,760
overdraft
change in cash
-111,257
-539,531
458,290
72,306
95,175
18,795
55,381
5,760
the velvet foundation Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the velvet foundation. Get real-time insights into the velvet foundation's credit score, group structure and payment trends.
Perform a competitor analysis for the velvet foundation by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in N 3 area or any other competitors across 12 key performance metrics.
the velvet foundation Ownership
THE VELVET FOUNDATION group structure
The Velvet Foundation has no subsidiary companies.
Ultimate parent company
THE VELVET FOUNDATION
09797190
THE VELVET FOUNDATION Shareholders
The sole shareholder of The Velvet Foundation is -.
-
-
the velvet foundation directors
The Velvet Foundation currently has 4 directors.
The longest serving directors include
Mr David Rodney (Sep 2015) and
Mr Michael Aaronson (Sep 2015).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
86900 - Other human health activities
85600 - Educational support activities
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
MELINEK FINE LLP
address
first floor, winston house, first floor, winston house, london, N3 1DH
Bank
-
Legal Advisor
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the velvet foundation 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 the velvet foundation.
the velvet foundation 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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the velvet foundationCompanies House Filings - See Documents
