Other social work activities without accommodation n.e.c.
Registered Address
amington house amington road, 95 amington road,, birmingham, west midlands, B25 8EP
Website
-
seek for change cicEstimated Valuation
£3.4k
Pomanda estimates the enterprise value of SEEK FOR CHANGE CIC at £3.4k based on a Turnover of £7k and 0.49x industry multiple (adjusted for size and gross margin).
seek for change cicEstimated Valuation
£5.4k
Pomanda estimates the enterprise value of SEEK FOR CHANGE CIC at £5.4k based on an EBITDA of £1.1k and a 5.09x industry multiple (adjusted for size and gross margin).
seek for change cicEstimated Valuation
£1.6k
Pomanda estimates the enterprise value of SEEK FOR CHANGE CIC at £1.6k based on Net Assets of £683 and 2.4x industry multiple (adjusted for liquidity).
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Seek For Change CicOverview
Seek For Change Cic is a dissolved company that was located in birmingham, B25 8EP with a Companies House number of 10336186. It operated in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in August 2016, it's largest shareholder was
unknown.
The last turnover for Seek For Change Cic was estimated at £7k.
Pomanda's financial health check has awarded Seek For Change Cic a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
1 Regular
5 Weak
Size
annual sales of £7k, make it smaller than the average company (£377.4k)
£7k - Seek For Change Cic
£377.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Seek For Change Cic
- - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - Seek For Change Cic
72% - Industry AVG
Profitability
an operating margin of 11.5% make it more profitable than the average company (4.1%)
11.5% - Seek For Change Cic
4.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Seek For Change Cic
12 - Industry AVG
Pay Structure
on an average salary of £2.6k, the company has a lower pay structure (£21.9k)
£2.6k - Seek For Change Cic
£21.9k - Industry AVG
Efficiency
resulting in sales per employee of £3.5k, this is less efficient (£36.5k)
£3.5k - Seek For Change Cic
£36.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Seek For Change Cic
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Seek For Change Cic
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Seek For Change Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (204 weeks)
8 weeks - Seek For Change Cic
204 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.5%, this is a higher level of debt than the average (14.6%)
40.5% - Seek For Change Cic
14.6% - Industry AVG
SEEK FOR CHANGE CIC financials
EXPORT
Seek For Change Cic's latest turnover from August 2020 is £7 thousand and the company has net assets of £683. According to their latest financial statements, Seek For Change Cic has 2 employees and maintains cash reserves of £76 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Turnover
7,000
7,005
2,785
Other Income Or Grants
Cost Of Sales
1,961
838
446
Gross Profit
5,039
6,167
2,339
Admin Expenses
4,236
6,518
2,003
Operating Profit
803
-351
336
Interest Payable
Interest Receivable
Pre-Tax Profit
653
-280
310
Tax
Profit After Tax
653
-280
310
Dividends Paid
Retained Profit
653
-280
310
Employee Costs
5,295
1,600
Number Of Employees
2
2
1
EBITDA*
1,071
-111
511
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Tangible Assets
1,072
962
1,202
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,072
962
1,202
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
Cash
76
6,463
12,463
misc current assets
total current assets
76
6,463
12,463
total assets
1,148
7,425
13,665
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
5
5
5
other short term finances
hp & lease commitments
other current liabilities
460
7,390
13,350
total current liabilities
465
7,395
13,355
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
465
7,395
13,355
net assets
683
30
310
total shareholders funds
683
30
310
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Operating Activities
Operating Profit
803
-351
336
Depreciation
268
240
175
Amortisation
Tax
Stock
Debtors
Creditors
Accruals and Deferred Income
-6,930
-5,960
13,350
Deferred Taxes & Provisions
Cash flow from operations
-5,859
-6,071
13,861
Investing Activities
capital expenditure
-378
-1,377
Change in Investments
cash flow from investments
-378
-1,377
Financing Activities
Bank loans
Group/Directors Accounts
5
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
5
cash and cash equivalents
cash
-6,387
-6,000
12,463
overdraft
change in cash
-6,387
-6,000
12,463
seek for change cic 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 seek for change cic. Get real-time insights into seek for change cic's credit score, group structure and payment trends.
Perform a competitor analysis for seek for change cic by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in B25 area or any other competitors across 12 key performance metrics.
seek for change cic Ownership
SEEK FOR CHANGE CIC group structure
Seek For Change Cic has no subsidiary companies.
Ultimate parent company
SEEK FOR CHANGE CIC
10336186
SEEK FOR CHANGE CIC Shareholders
The sole shareholder of Seek For Change Cic is -.
-
-
seek for change cic directors
Seek For Change Cic currently has 2 directors.
The longest serving directors include
Miss Zeenat Akbar (Aug 2016) and
Ms Halima Ali (Aug 2016).
88990 - Other social work activities without accommodation n.e.c.
incorporation date
August 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
August 2020
previous names
N/A
accountant
SF CHARTERED CERTIFIED ACCOUNTANTS
auditor
-
address
amington house amington road, 95 amington road,, birmingham, west midlands, B25 8EP
Bank
-
Legal Advisor
-
seek for change cic 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 seek for change cic.
seek for change cic 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.
Click to start generating capital raising & share issue transactions for SEEK FOR CHANGE CIC. This can take several minutes, an email will notify you when this has completed.
seek for change cicCompanies House Filings - See Documents
