possibility assembly gospel ministries

2.5

possibility assembly gospel ministries Company Information

Share POSSIBILITY ASSEMBLY GOSPEL MINISTRIES
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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

Directors

Archie Effiong8 Years

Evelyn Jegede8 Years

View All

Shareholders

-0%

possibility assembly gospel ministries Estimated Valuation

£4.7m

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

£57.9k

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

£86.7k

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

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £501.1k, make it larger than the average company (£284.1k)

£501.1k - Possibility Assembly Gospel Ministries

£284.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 222%, show it is growing at a faster rate (1.1%)

222% - Possibility Assembly Gospel Ministries

1.1% - Industry AVG

production

Production

with a gross margin of 10.1%, this company has a higher cost of product (56.7%)

10.1% - Possibility Assembly Gospel Ministries

56.7% - Industry AVG

profitability

Profitability

an operating margin of 0.3% make it less profitable than the average company (2.9%)

0.3% - Possibility Assembly Gospel Ministries

2.9% - Industry AVG

employees

Employees

with 6 employees, this is similar to the industry average (6)

6 - Possibility Assembly Gospel Ministries

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £22k, the company has an equivalent pay structure (£22k)

£22k - Possibility Assembly Gospel Ministries

£22k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £83.5k, this is more efficient (£56.5k)

£83.5k - Possibility Assembly Gospel Ministries

£56.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 21 days, this is later than average (6 days)

21 days - Possibility Assembly Gospel Ministries

6 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Possibility Assembly Gospel Ministries

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Possibility Assembly Gospel Ministries

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Possibility Assembly Gospel Ministries

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Possibility Assembly Gospel Ministries

- - Industry AVG

POSSIBILITY ASSEMBLY GOSPEL MINISTRIES financials

EXPORTms excel logo

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 HousePomanda Estimates

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017
Turnover501,096517,24216,01915,05311,85111,9539,697
Other Income Or Grants0000000
Cost Of Sales450,685498,63914,55713,76411,99810,8478,035
Gross Profit50,41218,6031,4621,289-1471,1061,662
Admin Expenses49,177-16,0881,3391,166-2311,000979
Operating Profit1,23534,69112312384106683
Interest Payable0000000
Interest Receivable0000000
Pre-Tax Profit1,23534,69112312384106683
Tax-235-6,591-23-23-16-20-136
Profit After Tax1,00028,1001001006886546
Dividends Paid0000000
Retained Profit1,00028,1001001006886546
Employee Costs132,092128,69720,93520,70520,24221,15120,513
Number Of Employees6611111
EBITDA*1,23534,69112312384106683

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017
Tangible Assets0000000
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets0000000
Stock & work in progress0000000
Trade Debtors30,00029,000900800700632546
Group Debtors0000000
Misc Debtors0000000
Cash0000000
misc current assets0000000
total current assets30,00029,000900800700632546
total assets30,00029,000900800700632546
Bank overdraft0000000
Bank loan0000000
Trade Creditors 0000000
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities0000000
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions0000000
total long term liabilities0000000
total liabilities0000000
net assets30,00029,000900800700632546
total shareholders funds30,00029,000900800700632546
Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017
Operating Activities
Operating Profit1,23534,69112312384106683
Depreciation0000000
Amortisation0000000
Tax-235-6,591-23-23-16-20-136
Stock0000000
Debtors1,00028,1001001006886546
Creditors0000000
Accruals and Deferred Income0000000
Deferred Taxes & Provisions0000000
Cash flow from operations0000001
Investing Activities
capital expenditure0000000
Change in Investments0000000
cash flow from investments0000000
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0000000
interest0000000
cash flow from financing0000000
cash and cash equivalents
cash0000000
overdraft0000000
change in cash0000000

possibility assembly gospel ministries Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Possibility Assembly Gospel Ministries Competitor Analysis

competitor_analysis_table_img

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 Shareholders

--

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).

officercountryagestartendrole
Mr Archie EffiongEngland59 years Jan 2016- Director
Evelyn JegedeUnited Kingdom61 years Jan 2016- Director
Mrs Margaret TariboEngland60 years Nov 2016- Director

P&L

January 2023

turnover

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 2023

net 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

None

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.

charges

possibility assembly gospel ministries Companies House Filings - See Documents

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