manor farm coleby, scunthorpe, north lincolnshire, DN15 9AL
Website
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changing lives through changing minds cicEstimated Valuation
£294.6k
Pomanda estimates the enterprise value of CHANGING LIVES THROUGH CHANGING MINDS CIC at £294.6k based on a Turnover of £623.4k and 0.47x industry multiple (adjusted for size and gross margin).
changing lives through changing minds cicEstimated Valuation
£117.2k
Pomanda estimates the enterprise value of CHANGING LIVES THROUGH CHANGING MINDS CIC at £117.2k based on an EBITDA of £32.7k and a 3.58x industry multiple (adjusted for size and gross margin).
changing lives through changing minds cicEstimated Valuation
£390.4k
Pomanda estimates the enterprise value of CHANGING LIVES THROUGH CHANGING MINDS CIC at £390.4k based on Net Assets of £174.9k and 2.23x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Changing Lives Through Changing Minds CicOverview
Changing Lives Through Changing Minds Cic is a live company located in north lincolnshire, DN15 9AL with a Companies House number of 10624046. It operates in the other human health activities sector, SIC Code 86900. Founded in February 2017, it's largest shareholder is
unknown.
Changing Lives Through Changing Minds Cic is a young,
small sized company, Pomanda has estimated its turnover at
£623.4k with
high
growth in recent years.
Changing Lives Through Changing Minds Cic Health Check
Pomanda's financial health check has awarded Changing Lives Through Changing Minds Cic a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £623.4k, make it in line with the average company (£731.1k)
£623.4k - Changing Lives Through Changing Minds Cic
£731.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.2%)
24% - Changing Lives Through Changing Minds Cic
7.2% - Industry AVG
Production
with a gross margin of 38.4%, this company has a comparable cost of product (38.4%)
38.4% - Changing Lives Through Changing Minds Cic
38.4% - Industry AVG
Profitability
an operating margin of 4% make it less profitable than the average company (5.2%)
4% - Changing Lives Through Changing Minds Cic
5.2% - Industry AVG
Employees
with 14 employees, this is below the industry average (18)
14 - Changing Lives Through Changing Minds Cic
18 - Industry AVG
Pay Structure
on an average salary of £26.5k, the company has an equivalent pay structure (£26.5k)
£26.5k - Changing Lives Through Changing Minds Cic
£26.5k - Industry AVG
Efficiency
resulting in sales per employee of £44.5k, this is equally as efficient (£45.8k)
£44.5k - Changing Lives Through Changing Minds Cic
£45.8k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is later than average (20 days)
33 days - Changing Lives Through Changing Minds Cic
20 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (18 days)
0 days - Changing Lives Through Changing Minds Cic
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Changing Lives Through Changing Minds Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 297 weeks, this is more cash available to meet short term requirements (124 weeks)
297 weeks - Changing Lives Through Changing Minds Cic
124 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.3%, this is a lower level of debt than the average (22.7%)
11.3% - Changing Lives Through Changing Minds Cic
22.7% - Industry AVG
CHANGING LIVES THROUGH CHANGING MINDS CIC financials
EXPORT
Changing Lives Through Changing Minds Cic's latest turnover from March 2024 is estimated at £623.4 thousand and the company has net assets of £174.9 thousand. According to their latest financial statements, Changing Lives Through Changing Minds Cic has 14 employees and maintains cash reserves of £117.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Turnover
623,373
579,780
436,973
329,649
233,904
307,008
226,651
Other Income Or Grants
Cost Of Sales
383,883
361,280
277,978
13,969
2,865
199,570
142,642
Gross Profit
239,490
218,500
158,994
315,680
231,039
107,438
84,009
Admin Expenses
214,500
183,212
131,073
254,207
207,192
92,960
70,392
Operating Profit
24,990
35,288
27,921
61,473
23,847
14,478
13,617
Interest Payable
Interest Receivable
8,037
5,780
495
83
4
228
9
Pre-Tax Profit
33,027
41,068
28,416
61,556
23,851
14,706
13,626
Tax
-8,257
-7,803
-5,399
-9,705
-4,783
-2,794
-2,589
Profit After Tax
24,770
33,265
23,017
51,851
19,068
11,912
11,037
Dividends Paid
Retained Profit
24,770
33,265
23,017
51,851
19,068
11,912
11,037
Employee Costs
370,537
301,262
382,821
227,055
188,736
178,195
150,586
Number Of Employees
14
12
16
16
9
8
7
EBITDA*
32,705
42,600
27,921
63,689
24,829
15,202
13,667
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Tangible Assets
22,005
23,132
30,156
19,585
5,082
5,494
3,568
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
22,005
23,132
30,156
19,585
5,082
5,494
3,568
Stock & work in progress
98
98
118
118
118
Trade Debtors
57,705
65,403
20,542
20,542
45,206
8,990
16,232
Group Debtors
Misc Debtors
9,715
1,386
1,386
253
4,803
109
Cash
117,456
188,700
83,284
48,616
41,222
57,364
3,457
misc current assets
24,849
total current assets
175,161
263,818
105,310
95,491
86,799
71,275
19,916
total assets
197,166
286,950
135,466
115,076
91,881
76,769
23,484
Bank overdraft
Bank loan
Trade Creditors
985
1,104
259
62
43,758
8,696
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
19,572
135,696
18,322
21,208
49,802
10,062
3,751
total current liabilities
20,557
136,800
18,581
21,208
49,864
53,820
12,447
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
1,689
total long term liabilities
1,689
total liabilities
22,246
136,800
18,581
21,208
49,864
53,820
12,447
net assets
174,920
150,150
116,885
93,868
42,017
22,949
11,037
total shareholders funds
174,920
150,150
116,885
93,868
42,017
22,949
11,037
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Operating Activities
Operating Profit
24,990
35,288
27,921
61,473
23,847
14,478
13,617
Depreciation
7,715
7,312
2,216
982
724
50
Amortisation
Tax
-8,257
-7,803
-5,399
-9,705
-4,783
-2,794
-2,589
Stock
-98
-20
118
Debtors
-17,413
53,190
-23,531
31,666
-2,548
16,341
Creditors
-119
845
259
-62
-43,696
35,062
8,696
Accruals and Deferred Income
-116,124
117,374
-2,886
-28,594
39,740
6,311
3,751
Deferred Taxes & Provisions
1,689
Cash flow from operations
-72,693
99,924
19,895
48,879
-15,576
56,329
7,066
Investing Activities
capital expenditure
-6,588
-288
-10,571
-16,719
-570
-2,650
-3,618
Change in Investments
cash flow from investments
-6,588
-288
-10,571
-16,719
-570
-2,650
-3,618
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
8,037
5,780
495
83
4
228
9
cash flow from financing
8,037
5,780
495
83
4
228
9
cash and cash equivalents
cash
-71,244
105,416
34,668
7,394
-16,142
53,907
3,457
overdraft
change in cash
-71,244
105,416
34,668
7,394
-16,142
53,907
3,457
changing lives through changing minds 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 changing lives through changing minds cic. Get real-time insights into changing lives through changing minds cic's credit score, group structure and payment trends.
Changing Lives Through Changing Minds Cic Competitor Analysis
Perform a competitor analysis for changing lives through changing minds cic by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in DN15 area or any other competitors across 12 key performance metrics.
changing lives through changing minds cic Ownership
CHANGING LIVES THROUGH CHANGING MINDS CIC group structure
Changing Lives Through Changing Minds Cic has no subsidiary companies.
Ultimate parent company
CHANGING LIVES THROUGH CHANGING MINDS CIC
10624046
CHANGING LIVES THROUGH CHANGING MINDS CIC Shareholders
The sole shareholder of Changing Lives Through Changing Minds Cic is -.
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changing lives through changing minds cic directors
Changing Lives Through Changing Minds Cic currently has 3 directors.
The longest serving directors include
Ms Joanne Wagstaff (Feb 2017) and
Ms Jacqueline Cooper (Mar 2017).
changing lives through changing minds cic company details
company number
10624046
Type
Private Ltd By Guarantee w/o Share Cap
industry
86900 - Other human health activities
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
manor farm coleby, scunthorpe, north lincolnshire, DN15 9AL
Bank
-
Legal Advisor
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changing lives through changing minds 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 changing lives through changing minds cic.
changing lives through changing minds 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 CHANGING LIVES THROUGH CHANGING MINDS CIC. This can take several minutes, an email will notify you when this has completed.
changing lives through changing minds cicCompanies House Filings - See Documents
