the illuminare multi academy trust
the illuminare multi academy trust Company Information
Group Structure
View All
Industry
General secondary education
Registered Address
harton academy lisle road, south shields, NE34 6DL
Website
-the illuminare multi academy trust Estimated Valuation
Pomanda estimates the enterprise value of THE ILLUMINARE MULTI ACADEMY TRUST at £12.3m based on a Turnover of £13m and 0.95x industry multiple (adjusted for size and gross margin).
the illuminare multi academy trust Estimated Valuation
Pomanda estimates the enterprise value of THE ILLUMINARE MULTI ACADEMY TRUST at £0 based on an EBITDA of £-299.6k and a 5.61x industry multiple (adjusted for size and gross margin).
the illuminare multi academy trust Estimated Valuation
Pomanda estimates the enterprise value of THE ILLUMINARE MULTI ACADEMY TRUST at £56.9m based on Net Assets of £22.8m and 2.5x industry multiple (adjusted for liquidity).
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The Illuminare Multi Academy Trust Overview
The Illuminare Multi Academy Trust is a live company located in south shields, NE34 6DL with a Companies House number of 10859049. It operates in the general secondary education sector, SIC Code 85310. Founded in July 2017, it's largest shareholder is unknown. The Illuminare Multi Academy Trust is a young, mid sized company, Pomanda has estimated its turnover at £13m with healthy growth in recent years.
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The Illuminare Multi Academy Trust Health Check
Pomanda's financial health check has awarded The Illuminare Multi Academy Trust a 4 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
4 Strong
3 Regular
5 Weak
Size
annual sales of £13m, make it larger than the average company (£9.6m)
£13m - The Illuminare Multi Academy Trust
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.5%)
5% - The Illuminare Multi Academy Trust
7.5% - Industry AVG
Production
with a gross margin of 51.8%, this company has a comparable cost of product (51.8%)
51.8% - The Illuminare Multi Academy Trust
51.8% - Industry AVG
Profitability
an operating margin of -7.3% make it less profitable than the average company (6%)
-7.3% - The Illuminare Multi Academy Trust
6% - Industry AVG
Employees
with 208 employees, this is above the industry average (154)
208 - The Illuminare Multi Academy Trust
154 - Industry AVG
Pay Structure
on an average salary of £52.5k, the company has a higher pay structure (£43.1k)
£52.5k - The Illuminare Multi Academy Trust
£43.1k - Industry AVG
Efficiency
resulting in sales per employee of £62.6k, this is equally as efficient (£61.9k)
£62.6k - The Illuminare Multi Academy Trust
£61.9k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is later than average (0 days)
1 days - The Illuminare Multi Academy Trust
0 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (22 days)
11 days - The Illuminare Multi Academy Trust
22 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (5 days)
0 days - The Illuminare Multi Academy Trust
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 99 weeks, this is average cash available to meet short term requirements (97 weeks)
99 weeks - The Illuminare Multi Academy Trust
97 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.3%, this is a lower level of debt than the average (6.1%)
2.3% - The Illuminare Multi Academy Trust
6.1% - Industry AVG
THE ILLUMINARE MULTI ACADEMY TRUST financials
The Illuminare Multi Academy Trust's latest turnover from August 2024 is £13 million and the company has net assets of £22.8 million. According to their latest financial statements, The Illuminare Multi Academy Trust has 208 employees and maintains cash reserves of £781.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 13,012,185 | 12,630,224 | 11,642,840 | 11,230,164 | 10,395,237 | 10,249,550 | 31,651,904 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | -890,632 | -454,176 | -1,048,423 | -268,044 | -394,110 | -268,237 | 21,590,528 |
| Tax | |||||||
| Profit After Tax | -890,632 | -454,176 | -1,048,423 | -268,044 | -394,110 | -268,237 | 21,590,528 |
| Dividends Paid | |||||||
| Retained Profit | -890,632 | -454,176 | -1,048,423 | -268,044 | -394,110 | -268,237 | 21,590,528 |
| Employee Costs | 10,918,878 | 10,073,584 | 9,918,963 | 9,151,479 | 8,691,045 | 8,168,979 | 7,832,262 |
| Number Of Employees | 208 | 208 | 204 | 196 | 195 | 198 | 196 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 22,229,122 | 22,782,201 | 23,101,855 | 23,571,520 | 23,664,554 | 24,147,096 | 24,380,760 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 22,229,122 | 22,782,201 | 23,101,855 | 23,571,520 | 23,664,554 | 24,147,096 | 24,380,760 |
| Stock & work in progress | 6,186 | 6,073 | 5,998 | 4,004 | 6,033 | 3,763 | 4,398 |
| Trade Debtors | 49,502 | 45,497 | 26,448 | 18,228 | 7,478 | 17,877 | 8,682 |
| Group Debtors | |||||||
| Misc Debtors | 230,026 | 371,009 | 345,070 | 411,268 | 448,570 | 224,991 | 203,838 |
| Cash | 781,761 | 1,530,479 | 1,415,616 | 1,519,151 | 1,117,267 | 955,223 | 448,830 |
| misc current assets | |||||||
| total current assets | 1,067,475 | 1,953,058 | 1,793,132 | 1,952,651 | 1,579,348 | 1,201,854 | 665,748 |
| total assets | 23,296,597 | 24,735,259 | 24,894,987 | 25,524,171 | 25,243,902 | 25,348,950 | 25,046,508 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 189,717 | 366,479 | 258,791 | 411,948 | 253,004 | 252,139 | 147,807 |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 218,644 | 424,912 | 271,152 | 277,756 | 315,387 | 226,520 | 141,173 |
| total current liabilities | 408,361 | 791,391 | 529,943 | 689,704 | 568,391 | 478,659 | 288,980 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 132,000 | 527,000 | 1,482,000 | 6,354,000 | 5,562,000 | 4,107,000 | 2,750,000 |
| total liabilities | 540,361 | 1,318,391 | 2,011,943 | 7,043,704 | 6,130,391 | 4,585,659 | 3,038,980 |
| net assets | 22,756,236 | 23,416,868 | 22,883,044 | 18,480,467 | 19,113,511 | 20,763,291 | 22,007,528 |
| total shareholders funds | 22,756,236 | 23,416,868 | 22,883,044 | 18,480,467 | 19,113,511 | 20,763,291 | 22,007,528 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 648,872 | 655,339 | 646,998 | 558,996 | 468,584 | 420,268 | 415,783 |
| Amortisation | |||||||
| Tax | |||||||
| Stock | 113 | 75 | 1,994 | -2,029 | 2,270 | -635 | 4,398 |
| Debtors | -136,978 | 44,988 | -57,978 | -26,552 | 213,180 | 30,348 | 212,520 |
| Creditors | -176,762 | 107,688 | -153,157 | 158,944 | 865 | 104,332 | 147,807 |
| Accruals and Deferred Income | -206,268 | 153,760 | -6,604 | -37,631 | 88,867 | 85,347 | 141,173 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | -45,414 | ||||||
| Change in Investments | |||||||
| cash flow from investments | -45,414 | ||||||
| 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 | |||||||
| cash flow from financing | 230,000 | 988,000 | 5,451,000 | -365,000 | -1,255,670 | -976,000 | 417,000 |
| cash and cash equivalents | |||||||
| cash | -748,718 | 114,863 | -103,535 | 401,884 | 162,044 | 506,393 | 448,830 |
| overdraft | |||||||
| change in cash | -748,718 | 114,863 | -103,535 | 401,884 | 162,044 | 506,393 | 448,830 |
the illuminare multi academy trust Credit Report and Business Information
The Illuminare Multi Academy Trust Competitor Analysis
Perform a competitor analysis for the illuminare multi academy trust by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in NE34 area or any other competitors across 12 key performance metrics.
the illuminare multi academy trust Ownership
THE ILLUMINARE MULTI ACADEMY TRUST group structure
The Illuminare Multi Academy Trust has no subsidiary companies.
Ultimate parent company
THE ILLUMINARE MULTI ACADEMY TRUST
10859049
the illuminare multi academy trust directors
The Illuminare Multi Academy Trust currently has 7 directors. The longest serving directors include Mr Paul MacKings (Jul 2017) and Mr Scott Duffy (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul MacKings | 63 years | Jul 2017 | - | Director | |
| Mr Scott Duffy | England | 48 years | Jul 2017 | - | Director |
| Mr Kenneth Tunnicliffe | United Kingdom | 81 years | Jul 2017 | - | Director |
| Ms Linda Mason | United Kingdom | 61 years | Sep 2021 | - | Director |
| Mr Richard Ord | United Kingdom | 32 years | Oct 2022 | - | Director |
| Mr John Watson | United Kingdom | 57 years | Sep 2024 | - | Director |
| Mr Jon Skurr | United Kingdom | 45 years | Sep 2024 | - | Director |
P&L
August 2024turnover
13m
+3%
operating profit
-948.4k
0%
gross margin
51.9%
+1.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
22.8m
-0.03%
total assets
23.3m
-0.06%
cash
781.8k
-0.49%
net assets
Total assets minus all liabilities
the illuminare multi academy trust company details
company number
10859049
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85310 - General secondary education
incorporation date
July 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2024
previous names
N/A
accountant
-
auditor
AZETS AUDIT SERVICES
address
harton academy lisle road, south shields, NE34 6DL
Bank
LLOYDS TSB BANK PLC
Legal Advisor
WOMBLE BOND DICKINSON
the illuminare multi academy trust 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 the illuminare multi academy trust.
the illuminare multi academy trust 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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the illuminare multi academy trust Companies House Filings - See Documents
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