possibility assembly gospel ministries
possibility assembly gospel ministries Company Information
Company Number
09955907
Website
-Registered Address
3 derwent road, penge, greater london, SE20 8SW
Industry
Activities of religious organisations
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
-0%
possibility assembly gospel ministries Estimated Valuation
Pomanda estimates the enterprise value of POSSIBILITY ASSEMBLY GOSPEL MINISTRIES at £4.7m based on a Turnover of £501.1k and 9.32x industry multiple (adjusted for size and gross margin).
possibility assembly gospel ministries Estimated Valuation
Pomanda estimates the enterprise value of POSSIBILITY ASSEMBLY GOSPEL MINISTRIES at £57.9k based on an EBITDA of £1.2k and a 46.87x industry multiple (adjusted for size and gross margin).
possibility assembly gospel ministries Estimated Valuation
Pomanda estimates the enterprise value of POSSIBILITY ASSEMBLY GOSPEL MINISTRIES at £86.7k based on Net Assets of £30k and 2.89x industry multiple (adjusted for liquidity).
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Possibility Assembly Gospel Ministries Overview
Possibility Assembly Gospel Ministries is a live company located in greater london, SE20 8SW with a Companies House number of 09955907. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in January 2016, it's largest shareholder is unknown. Possibility Assembly Gospel Ministries is a young, small sized company, Pomanda has estimated its turnover at £501.1k with rapid growth in recent years.
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Possibility Assembly Gospel Ministries Health Check
Pomanda's financial health check has awarded Possibility Assembly Gospel Ministries a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
3 Weak
Size
annual sales of £501.1k, make it larger than the average company (£284.1k)
- Possibility Assembly Gospel Ministries
£284.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 222%, show it is growing at a faster rate (1.1%)
- Possibility Assembly Gospel Ministries
1.1% - Industry AVG
Production
with a gross margin of 10.1%, this company has a higher cost of product (56.7%)
- Possibility Assembly Gospel Ministries
56.7% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (2.9%)
- Possibility Assembly Gospel Ministries
2.9% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (6)
- Possibility Assembly Gospel Ministries
6 - Industry AVG
Pay Structure
on an average salary of £22k, the company has an equivalent pay structure (£22k)
- Possibility Assembly Gospel Ministries
£22k - Industry AVG
Efficiency
resulting in sales per employee of £83.5k, this is more efficient (£56.5k)
- Possibility Assembly Gospel Ministries
£56.5k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is later than average (6 days)
- Possibility Assembly Gospel Ministries
6 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Possibility Assembly Gospel Ministries
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Possibility Assembly Gospel Ministries
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Possibility Assembly Gospel Ministries
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Possibility Assembly Gospel Ministries
- - Industry AVG
POSSIBILITY ASSEMBLY GOSPEL MINISTRIES financials
Possibility Assembly Gospel Ministries's latest turnover from January 2023 is estimated at £501.1 thousand and the company has net assets of £30 thousand. According to their latest financial statements, we estimate that Possibility Assembly Gospel Ministries has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 30,000 | 29,000 | 900 | 800 | 700 | 632 | 546 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,000 | 29,000 | 900 | 800 | 700 | 632 | 546 |
| total assets | 30,000 | 29,000 | 900 | 800 | 700 | 632 | 546 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 30,000 | 29,000 | 900 | 800 | 700 | 632 | 546 |
| total shareholders funds | 30,000 | 29,000 | 900 | 800 | 700 | 632 | 546 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,000 | 28,100 | 100 | 100 | 68 | 86 | 546 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
possibility assembly gospel ministries Credit Report and Business Information
Possibility Assembly Gospel Ministries Competitor Analysis
Perform a competitor analysis for possibility assembly gospel ministries by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SE20 area or any other competitors across 12 key performance metrics.
possibility assembly gospel ministries Ownership
POSSIBILITY ASSEMBLY GOSPEL MINISTRIES group structure
Possibility Assembly Gospel Ministries has no subsidiary companies.
Ultimate parent company
POSSIBILITY ASSEMBLY GOSPEL MINISTRIES
09955907
possibility assembly gospel ministries directors
Possibility Assembly Gospel Ministries currently has 3 directors. The longest serving directors include Mr Archie Effiong (Jan 2016) and Evelyn Jegede (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Archie Effiong | England | 59 years | Jan 2016 | - | Director |
| Evelyn Jegede | United Kingdom | 61 years | Jan 2016 | - | Director |
| Mrs Margaret Taribo | England | 60 years | Nov 2016 | - | Director |
P&L
January 2023turnover
501.1k
-3%
operating profit
1.2k
0%
gross margin
10.1%
+179.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
30k
+0.03%
total assets
30k
+0.03%
cash
0
0%
net assets
Total assets minus all liabilities
possibility assembly gospel ministries company details
company number
09955907
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
3 derwent road, penge, greater london, SE20 8SW
Bank
-
Legal Advisor
-
possibility assembly gospel ministries 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 possibility assembly gospel ministries.
possibility assembly gospel ministries Companies House Filings - See Documents
| date | description | view/download |
|---|
