Pomanda estimates the enterprise value of INDEPENDENCE WAY LTD at £15.3m based on a Turnover of £9.5m and 1.61x industry multiple (adjusted for size and gross margin).
independence way ltdEstimated Valuation
£799.1k
Pomanda estimates the enterprise value of INDEPENDENCE WAY LTD at £799.1k based on an EBITDA of £140.9k and a 5.67x industry multiple (adjusted for size and gross margin).
independence way ltdEstimated Valuation
£906.1k
Pomanda estimates the enterprise value of INDEPENDENCE WAY LTD at £906.1k based on Net Assets of £481.7k and 1.88x industry multiple (adjusted for liquidity).
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Independence Way LtdOverview
Independence Way Ltd is a live company located in sidcup, DA15 8HQ with a Companies House number of 10216414. It operates in the youth hostels sector, SIC Code 55202. Founded in June 2016, it's largest shareholder is
reuben izekor-omoregie
with a 100% stake. Independence Way Ltd is a young,
mid sized company, Pomanda has estimated its turnover at
£9.5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Independence Way 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
Health Rating3out of 5
4 Strong
1 Regular
5 Weak
Size
annual sales of £9.5m, make it larger than the average company (£869.1k)
£9.5m - Independence Way Ltd
£869.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (27.7%)
44% - Independence Way Ltd
27.7% - Industry AVG
Production
with a gross margin of 57.5%, this company has a higher cost of product (72.1%)
57.5% - Independence Way Ltd
72.1% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (11.4%)
1.5% - Independence Way Ltd
11.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (28)
15 - Independence Way Ltd
28 - Industry AVG
Pay Structure
on an average salary of £23.2k, the company has an equivalent pay structure (£23.2k)
£23.2k - Independence Way Ltd
£23.2k - Industry AVG
Efficiency
resulting in sales per employee of £633.6k, this is more efficient (£55k)
£633.6k - Independence Way Ltd
£55k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (13 days)
56 days - Independence Way Ltd
13 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (26 days)
79 days - Independence Way Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Independence Way Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Independence Way Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.1%, this is a higher level of debt than the average (39.9%)
67.1% - Independence Way Ltd
39.9% - Industry AVG
INDEPENDENCE WAY LTD financials
EXPORT
Independence Way Ltd's latest turnover from June 2024 is estimated at £9.5 million and the company has net assets of £481.7 thousand. According to their latest financial statements, Independence Way Ltd has 15 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Turnover
9,503,581
145,335
123,569
3,202,263
2,496,523
2,938,075
1,510,049
83,504
Other Income Or Grants
Cost Of Sales
4,036,393
51,552
61,216
1,893,327
1,330,912
934,967
588,263
27,232
Gross Profit
5,467,188
93,783
62,353
1,308,937
1,165,612
2,003,108
921,785
56,272
Admin Expenses
5,326,301
19,128
-93,423
1,223,733
1,155,195
1,960,783
891,211
54,229
Operating Profit
140,887
74,655
155,776
85,204
10,417
42,325
30,574
2,043
Interest Payable
Interest Receivable
26,187
43,184
4,561
Pre-Tax Profit
167,075
117,839
160,337
85,204
10,417
42,325
30,574
2,043
Tax
-41,769
-29,460
-30,464
-16,189
-1,979
-8,042
-5,809
-388
Profit After Tax
125,306
88,379
129,873
69,015
8,438
34,283
24,765
1,655
Dividends Paid
Retained Profit
125,306
88,379
129,873
69,015
8,438
34,283
24,765
1,655
Employee Costs
347,381
85,610
80,176
78,335
114,699
517,736
324,838
38,198
Number Of Employees
15
4
4
4
6
26
17
2
EBITDA*
140,887
74,672
155,776
85,204
10,417
42,325
30,574
2,043
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Tangible Assets
17
197
681
1,165
1,299
1,732
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
17
197
681
1,165
1,299
1,732
Stock & work in progress
Trade Debtors
1,465,641
453,559
237,781
196,952
163,722
5,027
Group Debtors
Misc Debtors
Cash
997,614
729,738
misc current assets
total current assets
1,465,641
997,614
729,738
453,559
237,781
196,952
163,722
5,027
total assets
1,465,641
997,614
729,755
453,756
238,462
198,117
165,021
6,759
Bank overdraft
Bank loan
Trade Creditors
883,927
571,205
206,938
245,600
99,321
67,414
138,601
5,104
Group/Directors Accounts
120,560
other short term finances
hp & lease commitments
other current liabilities
64,227
total current liabilities
883,927
571,205
391,725
245,600
99,321
67,414
138,601
5,104
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
100,000
70,000
70,000
70,000
70,000
70,000
provisions
total long term liabilities
100,000
70,000
70,000
70,000
70,000
70,000
total liabilities
983,927
641,205
461,725
315,600
169,321
137,414
138,601
5,104
net assets
481,714
356,409
268,030
138,156
69,141
60,703
26,420
1,655
total shareholders funds
481,714
356,409
268,030
138,156
69,141
60,703
26,420
1,655
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Operating Activities
Operating Profit
140,887
74,655
155,776
85,204
10,417
42,325
30,574
2,043
Depreciation
17
Amortisation
Tax
-41,769
-29,460
-30,464
-16,189
-1,979
-8,042
-5,809
-388
Stock
Debtors
1,465,641
-453,559
215,778
40,829
33,230
158,695
5,027
Creditors
312,722
364,267
-38,662
146,279
31,907
-71,187
133,497
5,104
Accruals and Deferred Income
-64,227
64,227
Deferred Taxes & Provisions
Cash flow from operations
-1,053,801
345,252
604,436
-484
-484
-70,134
-433
1,732
Investing Activities
capital expenditure
180
484
484
134
433
-1,732
Change in Investments
cash flow from investments
180
484
484
134
433
-1,732
Financing Activities
Bank loans
Group/Directors Accounts
-120,560
120,560
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
30,000
70,000
share issue
-1
1
interest
26,187
43,184
4,561
cash flow from financing
56,186
-77,376
125,122
70,000
cash and cash equivalents
cash
-997,614
267,876
729,738
overdraft
change in cash
-997,614
267,876
729,738
independence way ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for independence way ltd. Get real-time insights into independence way ltd's credit score, group structure and payment trends.
Perform a competitor analysis for independence way ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in DA15 area or any other competitors across 12 key performance metrics.
independence way ltd Ownership
INDEPENDENCE WAY LTD group structure
Independence Way Ltd has no subsidiary companies.
Ultimate parent company
INDEPENDENCE WAY LTD
10216414
INDEPENDENCE WAY LTD Shareholders
The sole shareholder of Independence Way Ltd is Reuben Izekor-Omoregie.
reuben izekor-omoregie
100%
independence way ltd directors
Independence Way Ltd currently has 1 director, Mr Reuben Izekor-Omoregie serving since Jun 2016.
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 independence way ltd.
independence way 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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independence way ltdCompanies House Filings - See Documents
