future wills ltd
future wills ltd Company Information
Company Number
10862899
Website
www.futurewills.co.ukRegistered Address
milton keynes business centre, foxhuter drive, milton keynes, MK14 6GD
Industry
Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
Telephone
01908983616
Next Accounts Due
April 2025
Group Structure
View All
Directors
Jade-Marie Goddard7 Years
Shareholders
jade-marie goddard 100%
future wills ltd Estimated Valuation
Pomanda estimates the enterprise value of FUTURE WILLS LTD at £8.6k based on a Turnover of £17k and 0.51x industry multiple (adjusted for size and gross margin).
future wills ltd Estimated Valuation
Pomanda estimates the enterprise value of FUTURE WILLS LTD at £8.4k based on an EBITDA of £2.3k and a 3.72x industry multiple (adjusted for size and gross margin).
future wills ltd Estimated Valuation
Pomanda estimates the enterprise value of FUTURE WILLS LTD at £46 based on Net Assets of £736 and 0.06x industry multiple (adjusted for liquidity).
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Future Wills Ltd Overview
Future Wills Ltd is a live company located in milton keynes, MK14 6GD with a Companies House number of 10862899. It operates in the activities of patent and copyright agents sector, SIC Code 69109. Founded in July 2017, it's largest shareholder is jade-marie goddard with a 100% stake. Future Wills Ltd is a young, micro sized company, Pomanda has estimated its turnover at £17k with declining growth in recent years.
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Future Wills Ltd Health Check
Pomanda's financial health check has awarded Future Wills Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £17k, make it smaller than the average company (£578.3k)
- Future Wills Ltd
£578.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (7.8%)
- Future Wills Ltd
7.8% - Industry AVG
Production
with a gross margin of 30.9%, this company has a higher cost of product (64.1%)
- Future Wills Ltd
64.1% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (12.1%)
- Future Wills Ltd
12.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Future Wills Ltd
6 - Industry AVG
Pay Structure
on an average salary of £34.1k, the company has an equivalent pay structure (£34.1k)
- Future Wills Ltd
£34.1k - Industry AVG
Efficiency
resulting in sales per employee of £17k, this is less efficient (£80k)
- Future Wills Ltd
£80k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (51 days)
- Future Wills Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 519 days, this is slower than average (25 days)
- Future Wills Ltd
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Future Wills Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 59 weeks, this is more cash available to meet short term requirements (27 weeks)
59 weeks - Future Wills Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.1%, this is a higher level of debt than the average (52.7%)
97.1% - Future Wills Ltd
52.7% - Industry AVG
FUTURE WILLS LTD financials
Future Wills Ltd's latest turnover from July 2023 is estimated at £17 thousand and the company has net assets of £736. According to their latest financial statements, we estimate that Future Wills Ltd has 1 employee and maintains cash reserves of £19.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,123 | 1,867 | 3,290 | 1,696 | 1,663 | 750 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,123 | 1,867 | 3,290 | 1,696 | 1,663 | 750 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,442 | 10,577 | 7,072 | 23,059 | 931 | 2,045 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 19,157 | 15,699 | 14,807 | 0 | 9,209 | 2,462 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 24,599 | 26,276 | 21,879 | 23,059 | 10,140 | 4,507 |
| total assets | 25,722 | 28,143 | 25,169 | 24,755 | 11,803 | 5,257 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,671 | 16,365 | 24,827 | 6,371 | 0 | 216 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 301 | 3,599 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 5,184 | 529 |
| total current liabilities | 16,671 | 16,365 | 24,827 | 6,371 | 5,485 | 4,344 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 8,315 | 11,551 | 0 | 16,250 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,315 | 11,551 | 0 | 16,250 | 0 | 0 |
| total liabilities | 24,986 | 27,916 | 24,827 | 22,621 | 5,485 | 4,344 |
| net assets | 736 | 227 | 342 | 2,134 | 6,318 | 913 |
| total shareholders funds | 736 | 227 | 342 | 2,134 | 6,318 | 913 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 2,449 | 1,985 | 555 | 250 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,135 | 3,505 | -15,987 | 22,128 | -1,114 | 2,045 |
| Creditors | 306 | -8,462 | 18,456 | 6,371 | -216 | 216 |
| Accruals and Deferred Income | 0 | 0 | 0 | -5,184 | 4,655 | 529 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -301 | -3,298 | 3,599 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -3,236 | 11,551 | -16,250 | 16,250 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 3,458 | 892 | 14,807 | -9,209 | 6,747 | 2,462 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,458 | 892 | 14,807 | -9,209 | 6,747 | 2,462 |
future wills ltd Credit Report and Business Information
Future Wills Ltd Competitor Analysis
Perform a competitor analysis for future wills ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in MK14 area or any other competitors across 12 key performance metrics.
future wills ltd Ownership
FUTURE WILLS LTD group structure
Future Wills Ltd has no subsidiary companies.
Ultimate parent company
FUTURE WILLS LTD
10862899
future wills ltd directors
Future Wills Ltd currently has 1 director, Miss Jade-Marie Goddard serving since Jul 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Jade-Marie Goddard | England | 29 years | Jul 2017 | - | Director |
P&L
July 2023turnover
17k
-35%
operating profit
-192.7
0%
gross margin
31%
-17.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
736
+2.24%
total assets
25.7k
-0.09%
cash
19.2k
+0.22%
net assets
Total assets minus all liabilities
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future wills ltd company details
company number
10862899
Type
Private limited with Share Capital
industry
69109 - Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
incorporation date
July 2017
age
7
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
July 2023
address
milton keynes business centre, foxhuter drive, milton keynes, MK14 6GD
accountant
ELSBY & CO
auditor
-
future wills 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 future wills ltd.
future wills ltd Companies House Filings - See Documents
| date | description | view/download |
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