creative cities convention ltd
creative cities convention ltd Company Information
Company Number
11170669
Registered Address
fitzrovia house, 3rd floor, 153-157 cleveland street, london, greater london, W1T 6QW
Industry
Activities of conference organizers
Telephone
447764609642
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
-0%
creative cities convention ltd Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE CITIES CONVENTION LTD at £103k based on a Turnover of £189.9k and 0.54x industry multiple (adjusted for size and gross margin).
creative cities convention ltd Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE CITIES CONVENTION LTD at £166.4k based on an EBITDA of £49.6k and a 3.35x industry multiple (adjusted for size and gross margin).
creative cities convention ltd Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE CITIES CONVENTION LTD at £43k based on Net Assets of £66.4k and 0.65x industry multiple (adjusted for liquidity).
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Creative Cities Convention Ltd Overview
Creative Cities Convention Ltd is a live company located in london, W1T 6QW with a Companies House number of 11170669. It operates in the activities of conference organisers sector, SIC Code 82302. Founded in January 2018, it's largest shareholder is unknown. Creative Cities Convention Ltd is a young, micro sized company, Pomanda has estimated its turnover at £189.9k with declining growth in recent years.
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Creative Cities Convention Ltd Health Check
Pomanda's financial health check has awarded Creative Cities Convention Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £189.9k, make it smaller than the average company (£317.6k)
- Creative Cities Convention Ltd
£317.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (0.5%)
- Creative Cities Convention Ltd
0.5% - Industry AVG
Production
with a gross margin of 30.4%, this company has a higher cost of product (47%)
- Creative Cities Convention Ltd
47% - Industry AVG
Profitability
an operating margin of 26.1% make it more profitable than the average company (8.6%)
- Creative Cities Convention Ltd
8.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Creative Cities Convention Ltd
4 - Industry AVG
Pay Structure
on an average salary of £46.8k, the company has an equivalent pay structure (£46.8k)
- Creative Cities Convention Ltd
£46.8k - Industry AVG
Efficiency
resulting in sales per employee of £63.3k, this is less efficient (£102.7k)
- Creative Cities Convention Ltd
£102.7k - Industry AVG
Debtor Days
it gets paid by customers after 166 days, this is later than average (58 days)
- Creative Cities Convention Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (39 days)
- Creative Cities Convention Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Creative Cities Convention Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Creative Cities Convention Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.4%, this is a lower level of debt than the average (73.7%)
23.4% - Creative Cities Convention Ltd
73.7% - Industry AVG
CREATIVE CITIES CONVENTION LTD financials
Creative Cities Convention Ltd's latest turnover from June 2023 is estimated at £189.9 thousand and the company has net assets of £66.4 thousand. According to their latest financial statements, Creative Cities Convention Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 86,371 | 36,423 | 13,240 | 101,517 | 32,006 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 359 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 86,730 | 36,423 | 13,240 | 101,517 | 32,006 |
| total assets | 86,730 | 36,423 | 13,240 | 101,517 | 32,006 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,840 | 6,323 | 9,964 | 2,926 | 6,834 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 8,840 | 6,323 | 9,964 | 2,926 | 6,834 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 11,480 | 895 | 895 | 163,880 | 1,268 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,480 | 895 | 895 | 163,880 | 1,268 |
| total liabilities | 20,320 | 7,218 | 10,859 | 166,806 | 8,102 |
| net assets | 66,410 | 29,205 | 2,381 | -65,289 | 23,904 |
| total shareholders funds | 66,410 | 29,205 | 2,381 | -65,289 | 23,904 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 50,307 | 23,183 | -88,277 | 69,511 | 32,006 |
| Creditors | 2,517 | -3,641 | 7,038 | -3,908 | 6,834 |
| Accruals and Deferred Income | 10,585 | 0 | -162,985 | 162,612 | 1,268 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
creative cities convention ltd Credit Report and Business Information
Creative Cities Convention Ltd Competitor Analysis
Perform a competitor analysis for creative cities convention ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in W1T area or any other competitors across 12 key performance metrics.
creative cities convention ltd Ownership
CREATIVE CITIES CONVENTION LTD group structure
Creative Cities Convention Ltd has no subsidiary companies.
Ultimate parent company
CREATIVE CITIES CONVENTION LTD
11170669
creative cities convention ltd directors
Creative Cities Convention Ltd currently has 2 directors. The longest serving directors include Mr John McVay (Jan 2018) and Ms Ruth Pitt (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John McVay | 64 years | Jan 2018 | - | Director | |
| Ms Ruth Pitt | 72 years | Jan 2018 | - | Director |
P&L
June 2023turnover
189.9k
+93%
operating profit
49.6k
0%
gross margin
30.5%
-14.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
66.4k
+1.27%
total assets
86.7k
+1.38%
cash
0
0%
net assets
Total assets minus all liabilities
creative cities convention ltd company details
company number
11170669
Type
Private Ltd By Guarantee w/o Share Cap
industry
82302 - Activities of conference organizers
incorporation date
January 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
fitzrovia house, 3rd floor, 153-157 cleveland street, london, greater london, W1T 6QW
accountant
TAXASSIST ACCOUNTANTS
auditor
-
creative cities convention 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 creative cities convention ltd.
creative cities convention ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
