international correspondence schools holdings limited
international correspondence schools holdings limited Company Information
Company Number
11133632
Next Accounts
Mar 2025
Shareholders
ics sy holdings
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
international correspondence schools holdings limited Estimated Valuation
Pomanda estimates the enterprise value of INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED at £66.6m based on a Turnover of £25.2m and 2.64x industry multiple (adjusted for size and gross margin).
international correspondence schools holdings limited Estimated Valuation
Pomanda estimates the enterprise value of INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED at £76.4m based on an EBITDA of £6.9m and a 11.04x industry multiple (adjusted for size and gross margin).
international correspondence schools holdings limited Estimated Valuation
Pomanda estimates the enterprise value of INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED at £0 based on Net Assets of £-4.6m and 1.31x industry multiple (adjusted for liquidity).
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International Correspondence Schools Holdings Limited Overview
International Correspondence Schools Holdings Limited is a dissolved company that was located in cheshire, WA14 2DT with a Companies House number of 11133632. It operated in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2018, it's largest shareholder was ics sy holdings with a 100% stake. The last turnover for International Correspondence Schools Holdings Limited was estimated at £25.2m.
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International Correspondence Schools Holdings Limited Health Check
Pomanda's financial health check has awarded International Correspondence Schools Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £25.2m, make it larger than the average company (£15.7m)
£25.2m - International Correspondence Schools Holdings Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (3.2%)
41% - International Correspondence Schools Holdings Limited
3.2% - Industry AVG
Production
with a gross margin of 70.6%, this company has a lower cost of product (35%)
70.6% - International Correspondence Schools Holdings Limited
35% - Industry AVG
Profitability
an operating margin of 11.8% make it more profitable than the average company (5%)
11.8% - International Correspondence Schools Holdings Limited
5% - Industry AVG
Employees
with 133 employees, this is above the industry average (103)
133 - International Correspondence Schools Holdings Limited
103 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has an equivalent pay structure (£39.8k)
£40.2k - International Correspondence Schools Holdings Limited
£39.8k - Industry AVG
Efficiency
resulting in sales per employee of £189.6k, this is more efficient (£161k)
£189.6k - International Correspondence Schools Holdings Limited
£161k - Industry AVG
Debtor Days
it gets paid by customers after 170 days, this is later than average (47 days)
170 days - International Correspondence Schools Holdings Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (50 days)
68 days - International Correspondence Schools Holdings Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (18 weeks)
14 weeks - International Correspondence Schools Holdings Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.5%, this is a higher level of debt than the average (70.8%)
109.5% - International Correspondence Schools Holdings Limited
70.8% - Industry AVG
INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED financials
International Correspondence Schools Holdings Limited's latest turnover from December 2021 is £25.2 million and the company has net assets of -£4.6 million. According to their latest financial statements, International Correspondence Schools Holdings Limited has 133 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|
| Turnover | 25,216,557 | 17,926,640 | 14,462,270 | 9,003,468 |
| Other Income Or Grants | ||||
| Cost Of Sales | 7,412,632 | 5,558,134 | 4,997,771 | 3,072,248 |
| Gross Profit | 17,803,925 | 12,368,506 | 9,464,499 | 5,931,220 |
| Admin Expenses | 14,828,636 | 10,496,063 | 9,213,487 | 5,301,387 |
| Operating Profit | 2,975,289 | 1,872,443 | 251,012 | 629,833 |
| Interest Payable | 2,331,411 | 2,515,008 | 2,418,979 | 1,527,219 |
| Interest Receivable | 2 | 1,093 | 1,240 | 196 |
| Pre-Tax Profit | 643,880 | -641,472 | -2,166,727 | -897,190 |
| Tax | -1,314,862 | -763,371 | -433,493 | -291,016 |
| Profit After Tax | -670,982 | -1,404,843 | -2,600,220 | -1,188,206 |
| Dividends Paid | ||||
| Retained Profit | -670,982 | -1,404,843 | -2,600,220 | -1,188,206 |
| Employee Costs | 5,343,403 | 4,380,511 | 4,115,247 | 2,518,803 |
| Number Of Employees | 133 | 117 | 90 | 76 |
| EBITDA* | 6,923,882 | 5,087,330 | 3,234,311 | 2,580,990 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|
| Tangible Assets | 274,304 | 351,049 | 288,937 | 147,978 |
| Intangible Assets | 24,791,237 | 26,360,857 | 23,744,553 | 26,494,699 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | 5,338,563 | 5,449,828 | 4,377,430 | 3,349,152 |
| Total Fixed Assets | 30,404,104 | 32,161,734 | 28,410,920 | 29,991,829 |
| Stock & work in progress | ||||
| Trade Debtors | 11,780,793 | 11,167,657 | 7,350,114 | 6,151,346 |
| Group Debtors | ||||
| Misc Debtors | 622,262 | 596,479 | 390,224 | 396,086 |
| Cash | 5,585,534 | 4,478,673 | 3,249,432 | 1,604,614 |
| misc current assets | 7,425 | 9,373 | 9,394 | 9,368 |
| total current assets | 17,996,014 | 16,252,182 | 10,999,164 | 8,161,414 |
| total assets | 48,400,118 | 48,413,916 | 39,410,084 | 38,153,243 |
| Bank overdraft | ||||
| Bank loan | 1,869,476 | 1,726,328 | 921,500 | 492,713 |
| Trade Creditors | 1,384,659 | 251,826 | 78,368 | 82,334 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | 6,646 | |||
| other current liabilities | 17,162,610 | 17,816,414 | 10,704,808 | 8,732,187 |
| total current liabilities | 20,416,745 | 19,801,214 | 11,704,676 | 9,307,234 |
| loans | 29,973,883 | 30,058,239 | 28,163,958 | 26,941,865 |
| hp & lease commitments | 23,261 | |||
| Accruals and Deferred Income | 2,583,811 | 2,430,362 | 2,039,869 | 1,821,524 |
| other liabilities | ||||
| provisions | 26,981 | 31,160 | 27,058 | 7,877 |
| total long term liabilities | 32,584,675 | 32,543,022 | 30,230,885 | 28,771,266 |
| total liabilities | 53,001,420 | 52,344,236 | 41,935,561 | 38,078,500 |
| net assets | -4,601,302 | -3,930,320 | -2,525,477 | 74,743 |
| total shareholders funds | -4,601,302 | -3,930,320 | -2,525,477 | 74,743 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 2,975,289 | 1,872,443 | 251,012 | 629,833 |
| Depreciation | 433,086 | 139,189 | 83,049 | 25,912 |
| Amortisation | 3,515,507 | 3,075,698 | 2,900,250 | 1,925,245 |
| Tax | -1,314,862 | -763,371 | -433,493 | -291,016 |
| Stock | ||||
| Debtors | 527,654 | 5,096,196 | 2,221,184 | 9,896,584 |
| Creditors | 1,132,833 | 173,458 | -3,966 | 82,334 |
| Accruals and Deferred Income | -500,355 | 7,502,099 | 2,190,966 | 10,553,711 |
| Deferred Taxes & Provisions | -4,179 | 4,102 | 19,181 | 7,877 |
| Cash flow from operations | 5,709,665 | 6,907,422 | 2,785,815 | 3,037,312 |
| Investing Activities | ||||
| capital expenditure | -25,057,914 | |||
| Change in Investments | ||||
| cash flow from investments | -25,057,914 | |||
| Financing Activities | ||||
| Bank loans | 143,148 | 804,828 | 428,787 | 492,713 |
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | -84,356 | 1,894,281 | 1,222,093 | 26,941,865 |
| Hire Purchase and Lease Commitments | -29,907 | 29,907 | ||
| other long term liabilities | ||||
| share issue | ||||
| interest | -2,331,409 | -2,513,915 | -2,417,739 | -1,527,023 |
| cash flow from financing | -2,302,524 | 215,101 | -766,859 | 27,170,504 |
| cash and cash equivalents | ||||
| cash | 1,106,861 | 1,229,241 | 1,644,818 | 1,604,614 |
| overdraft | ||||
| change in cash | 1,106,861 | 1,229,241 | 1,644,818 | 1,604,614 |
international correspondence schools holdings limited Credit Report and Business Information
International Correspondence Schools Holdings Limited Competitor Analysis
Perform a competitor analysis for international correspondence schools holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in WA14 area or any other competitors across 12 key performance metrics.
international correspondence schools holdings limited Ownership
INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED group structure
International Correspondence Schools Holdings Limited has 1 subsidiary company.
Ultimate parent company
1 parent
INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED
11133632
1 subsidiary
international correspondence schools holdings limited directors
International Correspondence Schools Holdings Limited currently has 2 directors. The longest serving directors include Mr Colin Kennedy (May 2018) and Mrs Alison Doyle (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Kennedy | Scotland | 53 years | May 2018 | - | Director |
| Mrs Alison Doyle | Scotland | 48 years | May 2018 | - | Director |
P&L
December 2021turnover
25.2m
+41%
operating profit
3m
+59%
gross margin
70.7%
+2.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-4.6m
+0.17%
total assets
48.4m
0%
cash
5.6m
+0.25%
net assets
Total assets minus all liabilities
international correspondence schools holdings limited company details
company number
11133632
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
January 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
kelvin topco limited (November 2018)
accountant
-
auditor
BDO LLP
address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Bank
-
Legal Advisor
-
international correspondence schools holdings limited 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 found 6 charges/mortgages relating to international correspondence schools holdings limited. Currently there are 0 open charges and 6 have been satisfied in the past.
international correspondence schools holdings limited 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 INTERNATIONAL CORRESPONDENCE SCHOOLS HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
international correspondence schools holdings limited Companies House Filings - See Documents
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