the eight wealth group limited
the eight wealth group limited Company Information
Company Number
09880829
Next Accounts
Sep 2025
Shareholders
mr ian riggs
st. james's place acquisition services limited
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
1460 parkway whiteley, fareham, hampshire, PO15 7AF
the eight wealth group limited Estimated Valuation
Pomanda estimates the enterprise value of THE EIGHT WEALTH GROUP LIMITED at £13.6m based on a Turnover of £14.6m and 0.93x industry multiple (adjusted for size and gross margin).
the eight wealth group limited Estimated Valuation
Pomanda estimates the enterprise value of THE EIGHT WEALTH GROUP LIMITED at £20.9m based on an EBITDA of £2.8m and a 7.39x industry multiple (adjusted for size and gross margin).
the eight wealth group limited Estimated Valuation
Pomanda estimates the enterprise value of THE EIGHT WEALTH GROUP LIMITED at £4.2m based on Net Assets of £2m and 2.11x industry multiple (adjusted for liquidity).
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The Eight Wealth Group Limited Overview
The Eight Wealth Group Limited is a live company located in hampshire, PO15 7AF with a Companies House number of 09880829. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2015, it's largest shareholder is mr ian riggs with a 35.4% stake. The Eight Wealth Group Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.6m with healthy growth in recent years.
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The Eight Wealth Group Limited Health Check
Pomanda's financial health check has awarded The Eight Wealth Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £14.6m, make it smaller than the average company (£20.2m)
£14.6m - The Eight Wealth Group Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.4%)
10% - The Eight Wealth Group Limited
7.4% - Industry AVG
Production
with a gross margin of 57.6%, this company has a lower cost of product (33.7%)
57.6% - The Eight Wealth Group Limited
33.7% - Industry AVG
Profitability
an operating margin of 10% make it more profitable than the average company (5.8%)
10% - The Eight Wealth Group Limited
5.8% - Industry AVG
Employees
with 101 employees, this is similar to the industry average (110)
101 - The Eight Wealth Group Limited
110 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has a lower pay structure (£49.9k)
£38.4k - The Eight Wealth Group Limited
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £144.1k, this is less efficient (£204.5k)
£144.1k - The Eight Wealth Group Limited
£204.5k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (45 days)
26 days - The Eight Wealth Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 161 days, this is slower than average (42 days)
161 days - The Eight Wealth Group Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Eight Wealth Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - The Eight Wealth Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.3%, this is a higher level of debt than the average (55.6%)
93.3% - The Eight Wealth Group Limited
55.6% - Industry AVG
THE EIGHT WEALTH GROUP LIMITED financials
The Eight Wealth Group Limited's latest turnover from December 2023 is £14.6 million and the company has net assets of £2 million. According to their latest financial statements, The Eight Wealth Group Limited has 101 employees and maintains cash reserves of £353.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,556,239 | 13,309,491 | 13,010,243 | 10,963,106 | 7,468,355 | ||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 6,177,496 | 6,136,217 | 4,831,770 | 3,895,958 | 2,895,707 | ||||
| Gross Profit | 8,378,743 | 7,173,274 | 8,178,473 | 7,067,148 | 4,572,648 | ||||
| Admin Expenses | 6,919,840 | 6,557,223 | 5,485,728 | 5,133,328 | 2,417,534 | ||||
| Operating Profit | 1,458,903 | 616,051 | 2,692,745 | 1,933,820 | 2,155,114 | ||||
| Interest Payable | 1,428,373 | 706,112 | 529,251 | 595,537 | 470,688 | ||||
| Interest Receivable | 4,668 | 21,580 | 21,120 | 21,730 | 42,934 | ||||
| Pre-Tax Profit | 35,198 | -127,331 | 2,239,614 | 1,353,813 | 1,848,884 | ||||
| Tax | -580,773 | -463,970 | -682,333 | -464,129 | -485,066 | ||||
| Profit After Tax | -545,575 | -591,301 | 1,557,281 | 889,684 | 1,363,818 | ||||
| Dividends Paid | 309,842 | 773,448 | 80,000 | ||||||
| Retained Profit | -271,958 | -512,205 | 783,833 | 889,684 | 1,283,818 | ||||
| Employee Costs | 3,879,741 | 3,599,274 | 3,083,128 | 2,540,955 | 1,857,931 | ||||
| Number Of Employees | 101 | 97 | 86 | 73 | 60 | 3 | 2 | ||
| EBITDA* | 2,822,772 | 1,782,726 | 3,806,651 | 3,016,511 | 2,895,017 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,716,934 | 1,285,551 | 1,212,184 | 1,162,625 | 970,149 | ||||
| Intangible Assets | 24,151,947 | 19,196,094 | 15,032,541 | 14,492,371 | 13,278,990 | ||||
| Investments & Other | 662,555 | 388,938 | 168,350 | 280,450 | 280,700 | 152 | 152 | 202 | 201 |
| Debtors (Due After 1 year) | 99,288 | ||||||||
| Total Fixed Assets | 26,531,436 | 20,870,583 | 16,512,363 | 15,935,446 | 14,529,839 | 152 | 152 | 202 | 201 |
| Stock & work in progress | |||||||||
| Trade Debtors | 1,057,198 | 932,516 | 943,318 | 768,414 | 838,568 | ||||
| Group Debtors | 29,950 | ||||||||
| Misc Debtors | 1,807,557 | 1,290,803 | 1,035,082 | 1,091,888 | 1,114,822 | 200 | 150 | 150 | 150 |
| Cash | 353,505 | 81,643 | 520,642 | 727,184 | 327,857 | ||||
| misc current assets | 109,500 | 411,814 | |||||||
| total current assets | 3,218,260 | 2,414,462 | 2,499,042 | 2,587,486 | 2,693,061 | 200 | 150 | 30,100 | 150 |
| total assets | 29,749,696 | 23,285,045 | 19,011,405 | 18,522,932 | 17,222,900 | 352 | 302 | 30,302 | 351 |
| Bank overdraft | |||||||||
| Bank loan | 876,876 | 1,701,261 | 1,701,261 | 1,701,261 | 1,450,657 | ||||
| Trade Creditors | 2,735,312 | 1,785,342 | 425,094 | 526,766 | 435,337 | ||||
| Group/Directors Accounts | 152 | 152 | 152 | 201 | |||||
| other short term finances | 2,462,068 | 637,879 | 47,292 | 10,440 | |||||
| hp & lease commitments | 22,014 | 18,346 | |||||||
| other current liabilities | 4,193,893 | 485,827 | 1,332,007 | 500,356 | 1,152,446 | 660 | |||
| total current liabilities | 10,290,163 | 4,628,655 | 3,505,654 | 2,728,383 | 3,048,880 | 152 | 152 | 812 | 201 |
| loans | 15,539,959 | 14,110,875 | 12,541,799 | 13,677,151 | 12,977,176 | ||||
| hp & lease commitments | 105,352 | 127,366 | |||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 1,567,821 | 1,954,865 | |||||||
| provisions | 255,085 | 200,010 | 188,473 | 125,757 | 94,896 | ||||
| total long term liabilities | 17,468,217 | 16,393,116 | 12,730,272 | 13,802,908 | 13,072,072 | ||||
| total liabilities | 27,758,380 | 21,021,771 | 16,235,926 | 16,531,291 | 16,120,952 | 152 | 152 | 812 | 201 |
| net assets | 1,991,316 | 2,263,274 | 2,775,479 | 1,991,641 | 1,101,948 | 200 | 150 | 29,490 | 150 |
| total shareholders funds | 1,991,316 | 2,263,274 | 2,775,479 | 1,991,641 | 1,101,948 | 200 | 150 | 29,490 | 150 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,458,903 | 616,051 | 2,692,745 | 1,933,820 | 2,155,114 | ||||
| Depreciation | 154,444 | 146,547 | 128,934 | 152,359 | 87,449 | ||||
| Amortisation | 1,209,425 | 1,020,128 | 984,972 | 930,332 | 652,454 | ||||
| Tax | -580,773 | -463,970 | -682,333 | -464,129 | -485,066 | ||||
| Stock | |||||||||
| Debtors | 641,436 | 145,631 | 217,386 | -93,088 | 1,953,240 | 50 | -29,950 | 29,950 | 150 |
| Creditors | 949,970 | 1,360,248 | -101,672 | 91,429 | 435,337 | ||||
| Accruals and Deferred Income | 3,708,066 | -846,180 | 831,651 | -652,090 | 1,152,446 | -660 | 660 | ||
| Deferred Taxes & Provisions | 55,075 | 11,537 | 62,716 | 30,861 | 94,896 | ||||
| Cash flow from operations | 6,313,674 | 1,698,730 | 3,699,627 | 2,115,670 | 2,139,390 | ||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 273,617 | 220,588 | -112,100 | -250 | 280,548 | -50 | 1 | 201 | |
| cash flow from investments | -273,617 | -220,588 | 112,100 | 250 | -280,548 | ||||
| Financing Activities | |||||||||
| Bank loans | -824,385 | 250,604 | 1,450,657 | ||||||
| Group/Directors Accounts | -152 | -49 | 201 | ||||||
| Other Short Term Loans | 1,824,189 | 590,587 | 47,292 | -10,440 | 10,440 | ||||
| Long term loans | 1,429,084 | 1,569,076 | -1,135,352 | 699,975 | 12,977,176 | ||||
| Hire Purchase and Lease Commitments | -18,346 | 145,712 | |||||||
| other long term liabilities | -387,044 | 1,954,865 | |||||||
| share issue | |||||||||
| interest | -1,423,705 | -684,532 | -508,131 | -573,807 | -427,754 | ||||
| cash flow from financing | 599,793 | 3,575,708 | -1,596,186 | 366,341 | 13,828,347 | ||||
| cash and cash equivalents | |||||||||
| cash | 271,862 | -438,999 | -206,542 | 399,327 | 327,857 | ||||
| overdraft | |||||||||
| change in cash | 271,862 | -438,999 | -206,542 | 399,327 | 327,857 |
the eight wealth group limited Credit Report and Business Information
The Eight Wealth Group Limited Competitor Analysis
Perform a competitor analysis for the eight wealth group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in PO15 area or any other competitors across 12 key performance metrics.
the eight wealth group limited Ownership
THE EIGHT WEALTH GROUP LIMITED group structure
The Eight Wealth Group Limited has 5 subsidiary companies.
Ultimate parent company
THE EIGHT WEALTH GROUP LIMITED
09880829
5 subsidiaries
the eight wealth group limited directors
The Eight Wealth Group Limited currently has 4 directors. The longest serving directors include Mr Ian Riggs (Nov 2015) and Mr Stuart Lawson (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Riggs | United Kingdom | 52 years | Nov 2015 | - | Director |
| Mr Stuart Lawson | England | 62 years | Sep 2022 | - | Director |
| Mrs Laura Willard | United Kingdom | 43 years | Oct 2023 | - | Director |
| Mr Mark Rogers | England | 58 years | Oct 2024 | - | Director |
P&L
December 2023turnover
14.6m
+9%
operating profit
1.5m
+137%
gross margin
57.6%
+6.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2m
-0.12%
total assets
29.7m
+0.28%
cash
353.5k
+3.33%
net assets
Total assets minus all liabilities
the eight wealth group limited company details
company number
09880829
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PEMBROKE BRIGGS
address
1460 parkway whiteley, fareham, hampshire, PO15 7AF
Bank
-
Legal Advisor
-
the eight wealth group 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 the eight wealth group limited.
the eight wealth group 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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the eight wealth group limited Companies House Filings - See Documents
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