assets for life ltd
assets for life ltd Company Information
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
suite 105 waterhouse business ce, cromar way, chelmsford, CM1 2QE
Website
www.assetsforlife.co.ukassets for life ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSETS FOR LIFE LTD at £12.5m based on a Turnover of £14m and 0.9x industry multiple (adjusted for size and gross margin).
assets for life ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSETS FOR LIFE LTD at £0 based on an EBITDA of £-92.3k and a 5.9x industry multiple (adjusted for size and gross margin).
assets for life ltd Estimated Valuation
Pomanda estimates the enterprise value of ASSETS FOR LIFE LTD at £712.4k based on Net Assets of £363.1k and 1.96x industry multiple (adjusted for liquidity).
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Assets For Life Ltd Overview
Assets For Life Ltd is a live company located in chelmsford, CM1 2QE with a Companies House number of 09935286. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in January 2016, it's largest shareholder is ljbr holding ltd with a 100% stake. Assets For Life Ltd is a young, mid sized company, Pomanda has estimated its turnover at £14m with rapid growth in recent years.
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Assets For Life Ltd Health Check
Pomanda's financial health check has awarded Assets For Life Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £14m, make it larger than the average company (£845.4k)
- Assets For Life Ltd
£845.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 72%, show it is growing at a faster rate (8.2%)
- Assets For Life Ltd
8.2% - Industry AVG
Production
with a gross margin of 39.8%, this company has a comparable cost of product (39.8%)
- Assets For Life Ltd
39.8% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (5.8%)
- Assets For Life Ltd
5.8% - Industry AVG
Employees
with 20 employees, this is above the industry average (14)
20 - Assets For Life Ltd
14 - Industry AVG
Pay Structure
on an average salary of £29k, the company has an equivalent pay structure (£29k)
- Assets For Life Ltd
£29k - Industry AVG
Efficiency
resulting in sales per employee of £697.6k, this is more efficient (£73.3k)
- Assets For Life Ltd
£73.3k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (27 days)
- Assets For Life Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (37 days)
- Assets For Life Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Assets For Life Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is less cash available to meet short term requirements (58 weeks)
36 weeks - Assets For Life Ltd
58 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94%, this is a higher level of debt than the average (37.7%)
94% - Assets For Life Ltd
37.7% - Industry AVG
ASSETS FOR LIFE LTD financials
Assets For Life Ltd's latest turnover from March 2024 is estimated at £14 million and the company has net assets of £363.1 thousand. According to their latest financial statements, Assets For Life Ltd has 20 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 780 | |||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | 7,204 | |||||||
| Number Of Employees | 20 | 16 | 10 | 10 | 8 | 8 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,355 | 14,863 | 22,035 | 20,666 | 30,974 | 1,494 | 805 | |
| Intangible Assets | 100,000 | |||||||
| Investments & Other | 8,000 | |||||||
| Debtors (Due After 1 year) | 76,441 | 827,209 | 488,293 | 149,688 | 38,750 | 50,405 | ||
| Total Fixed Assets | 197,796 | 842,072 | 510,328 | 170,354 | 30,974 | 1,494 | 39,555 | 50,405 |
| Stock & work in progress | ||||||||
| Trade Debtors | 2,516,586 | 1,995,426 | 1,543,135 | 482,350 | 943,039 | 561,565 | ||
| Group Debtors | 1,553,243 | |||||||
| Misc Debtors | 89,704 | 81,879 | 393,271 | 497,023 | 56,792 | 2,544 | ||
| Cash | 1,665,132 | 2,417,393 | 1,269,687 | 338,769 | 152,535 | 201,102 | 67,855 | 29,939 |
| misc current assets | ||||||||
| total current assets | 5,824,665 | 4,494,698 | 3,206,093 | 1,318,142 | 1,095,574 | 762,667 | 124,647 | 32,483 |
| total assets | 6,022,461 | 5,336,770 | 3,716,421 | 1,488,496 | 1,126,548 | 764,161 | 164,202 | 82,888 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 306,804 | 153,509 | 28,685 | 21,316 | 487,929 | 750,434 | ||
| Group/Directors Accounts | 370,500 | 141,181 | 462 | 8,193 | 1,368 | |||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 1,695,321 | 1,724,787 | 861,673 | 636,023 | 109,798 | 5,091 | ||
| total current liabilities | 2,372,625 | 2,019,477 | 890,820 | 665,532 | 487,929 | 750,434 | 111,166 | 5,091 |
| loans | 110,381 | 731 | ||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 3,284,229 | 2,951,283 | 2,428,016 | 732,478 | 494,299 | |||
| other liabilities | 40,000 | 30,499 | 56,700 | 56,700 | ||||
| provisions | 2,519 | 2,824 | 4,187 | 3,927 | 5,885 | 284 | ||
| total long term liabilities | 3,286,748 | 2,954,107 | 2,542,584 | 776,405 | 530,683 | 284 | 56,700 | 57,431 |
| total liabilities | 5,659,373 | 4,973,584 | 3,433,404 | 1,441,937 | 1,018,612 | 750,718 | 167,866 | 62,522 |
| net assets | 363,088 | 363,186 | 283,017 | 46,559 | 107,936 | 13,443 | -3,664 | 20,366 |
| total shareholders funds | 363,088 | 363,186 | 283,017 | 46,559 | 107,936 | 13,443 | -3,664 | 20,366 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 14,975 | 19,016 | 18,629 | 12,650 | 4,439 | 202 | ||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 1,331,460 | 479,815 | 1,295,638 | 186,022 | 381,474 | 466,023 | 42,593 | 52,949 |
| Creditors | 153,295 | 124,824 | 7,369 | -466,613 | -262,505 | 750,434 | ||
| Accruals and Deferred Income | 303,480 | 1,386,381 | 1,921,188 | 874,202 | 494,299 | -109,798 | 104,707 | 5,091 |
| Deferred Taxes & Provisions | -305 | -1,363 | 260 | -1,958 | 5,601 | 284 | ||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 8,000 | |||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 229,319 | 140,719 | -7,731 | 8,193 | -1,368 | 1,368 | ||
| Other Short Term Loans | ||||||||
| Long term loans | -110,381 | 110,381 | -731 | 731 | ||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -40,000 | 9,501 | 30,499 | -56,700 | 56,700 | |||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -752,261 | 1,147,706 | 930,918 | 186,234 | -48,567 | 133,247 | 37,916 | 29,939 |
| overdraft | ||||||||
| change in cash | -752,261 | 1,147,706 | 930,918 | 186,234 | -48,567 | 133,247 | 37,916 | 29,939 |
assets for life ltd Credit Report and Business Information
Assets For Life Ltd Competitor Analysis
Perform a competitor analysis for assets for life ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in CM1 area or any other competitors across 12 key performance metrics.
assets for life ltd Ownership
ASSETS FOR LIFE LTD group structure
Assets For Life Ltd has no subsidiary companies.
Ultimate parent company
ASSETS FOR LIFE LTD
09935286
assets for life ltd directors
Assets For Life Ltd currently has 1 director, Mr Liam Ryan serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Liam Ryan | England | 44 years | Jan 2016 | - | Director |
P&L
March 2024turnover
14m
+29%
operating profit
-107.3k
0%
gross margin
39.9%
-2.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
363.1k
0%
total assets
6m
+0.13%
cash
1.7m
-0.31%
net assets
Total assets minus all liabilities
assets for life ltd company details
company number
09935286
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
AA CHARTERED ACCOUNTANTS
auditor
-
address
suite 105 waterhouse business ce, cromar way, chelmsford, CM1 2QE
Bank
-
Legal Advisor
-
assets for life ltd 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 found 1 charges/mortgages relating to assets for life ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
assets for life ltd 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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assets for life ltd Companies House Filings - See Documents
| date | description | view/download |
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