soar events ltd
soar events ltd Company Information
Company Number
10156666
Website
www.spiritsoarevents.comRegistered Address
872 manchester road, bury, BL9 8DW
Industry
Other sports activities (not including activities of racehorse owners) n.e.c.
Telephone
-
Next Accounts Due
October 2025
Group Structure
View All
Directors
Joshua Ricketts8 Years
Shareholders
joshua ricketts 100%
soar events ltd Estimated Valuation
Pomanda estimates the enterprise value of SOAR EVENTS LTD at £172.2k based on a Turnover of £319.3k and 0.54x industry multiple (adjusted for size and gross margin).
soar events ltd Estimated Valuation
Pomanda estimates the enterprise value of SOAR EVENTS LTD at £0 based on an EBITDA of £-11.2k and a 1.99x industry multiple (adjusted for size and gross margin).
soar events ltd Estimated Valuation
Pomanda estimates the enterprise value of SOAR EVENTS LTD at £59.9k based on Net Assets of £35.2k and 1.7x industry multiple (adjusted for liquidity).
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Soar Events Ltd Overview
Soar Events Ltd is a live company located in bury, BL9 8DW with a Companies House number of 10156666. It operates in the other sports activities sector, SIC Code 93199. Founded in April 2016, it's largest shareholder is joshua ricketts with a 100% stake. Soar Events Ltd is a young, micro sized company, Pomanda has estimated its turnover at £319.3k with declining growth in recent years.
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Soar Events Ltd Health Check
Pomanda's financial health check has awarded Soar Events Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £319.3k, make it smaller than the average company (£595.7k)
- Soar Events Ltd
£595.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (11%)
- Soar Events Ltd
11% - Industry AVG
Production
with a gross margin of 18%, this company has a higher cost of product (43.9%)
- Soar Events Ltd
43.9% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (2.1%)
- Soar Events Ltd
2.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Soar Events Ltd
13 - Industry AVG
Pay Structure
on an average salary of £27k, the company has an equivalent pay structure (£27k)
- Soar Events Ltd
£27k - Industry AVG
Efficiency
resulting in sales per employee of £106.4k, this is more efficient (£65.4k)
- Soar Events Ltd
£65.4k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (15 days)
- Soar Events Ltd
15 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is close to average (31 days)
- Soar Events Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Soar Events Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Soar Events Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.7%, this is a higher level of debt than the average (39.6%)
60.7% - Soar Events Ltd
39.6% - Industry AVG
SOAR EVENTS LTD financials
Soar Events Ltd's latest turnover from January 2024 is estimated at £319.3 thousand and the company has net assets of £35.2 thousand. According to their latest financial statements, Soar Events Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 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 | 3 | 2 | 3 | 1 | 1 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,458 | 5,944 | 0 | 430 | 858 | 1,372 | 1,714 | 2,142 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,458 | 5,944 | 0 | 430 | 858 | 1,372 | 1,714 | 2,142 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 85,132 | 109,485 | 68,136 | 103,938 | 30,079 | 6,141 | 7,535 | 3,235 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,126 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 85,132 | 109,485 | 68,136 | 103,938 | 30,079 | 6,141 | 7,535 | 5,361 |
| total assets | 89,590 | 115,429 | 68,136 | 104,368 | 30,937 | 7,513 | 9,249 | 7,503 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,199 | 33,367 | 18,358 | 25,574 | 13,943 | 7,192 | 9,230 | 7,487 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 24,199 | 33,367 | 18,358 | 25,574 | 13,943 | 7,192 | 9,230 | 7,487 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 30,183 | 35,674 | 41,221 | 45,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,183 | 35,674 | 41,221 | 45,000 | 0 | 0 | 0 | 0 |
| total liabilities | 54,382 | 69,041 | 59,579 | 70,574 | 13,943 | 7,192 | 9,230 | 7,487 |
| net assets | 35,208 | 46,388 | 8,557 | 33,794 | 16,994 | 321 | 19 | 16 |
| total shareholders funds | 35,208 | 46,388 | 8,557 | 33,794 | 16,994 | 321 | 19 | 16 |
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -24,353 | 41,349 | -35,802 | 73,859 | 23,938 | -1,394 | 2,174 | 5,361 |
| Creditors | -9,168 | 15,009 | -7,216 | 11,631 | 6,751 | -2,038 | 1,743 | 7,487 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 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 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -5,491 | -5,547 | -3,779 | 45,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
soar events ltd Credit Report and Business Information
Soar Events Ltd Competitor Analysis
Perform a competitor analysis for soar events ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in BL9 area or any other competitors across 12 key performance metrics.
soar events ltd Ownership
SOAR EVENTS LTD group structure
Soar Events Ltd has no subsidiary companies.
Ultimate parent company
SOAR EVENTS LTD
10156666
soar events ltd directors
Soar Events Ltd currently has 1 director, Mr Joshua Ricketts serving since Apr 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joshua Ricketts | England | 38 years | Apr 2016 | - | Director |
P&L
January 2024turnover
319.3k
-14%
operating profit
-11.2k
0%
gross margin
18.1%
-2.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
35.2k
-0.24%
total assets
89.6k
-0.22%
cash
0
0%
net assets
Total assets minus all liabilities
soar events ltd company details
company number
10156666
Type
Private limited with Share Capital
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
April 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
872 manchester road, bury, BL9 8DW
Bank
-
Legal Advisor
-
soar events 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 did not find charges/mortgages relating to soar events ltd.
soar events ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
