apprentify group limited
apprentify group limited Company Information
Company Number
11448437
Website
-Registered Address
25 water lane, first floor, wilmslow, cheshire, SK9 5AR
Industry
Management consultancy activities (other than financial management)
Telephone
-
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
jonathan paul fitchew 53.2%
bgf nominees limited 23.4%
View Allapprentify group limited Estimated Valuation
Pomanda estimates the enterprise value of APPRENTIFY GROUP LIMITED at £7.6m based on a Turnover of £8.5m and 0.89x industry multiple (adjusted for size and gross margin).
apprentify group limited Estimated Valuation
Pomanda estimates the enterprise value of APPRENTIFY GROUP LIMITED at £4.8m based on an EBITDA of £750k and a 6.37x industry multiple (adjusted for size and gross margin).
apprentify group limited Estimated Valuation
Pomanda estimates the enterprise value of APPRENTIFY GROUP LIMITED at £417.6k based on Net Assets of £161.7k and 2.58x industry multiple (adjusted for liquidity).
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Apprentify Group Limited Overview
Apprentify Group Limited is a live company located in wilmslow, SK9 5AR with a Companies House number of 11448437. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in July 2018, it's largest shareholder is jonathan paul fitchew with a 53.2% stake. Apprentify Group Limited is a young, mid sized company, Pomanda has estimated its turnover at £8.5m with rapid growth in recent years.
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Apprentify Group Limited Health Check
Pomanda's financial health check has awarded Apprentify Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £8.5m, make it larger than the average company (£294.3k)
£8.5m - Apprentify Group Limited
£294.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 336%, show it is growing at a faster rate (6.7%)
- Apprentify Group Limited
6.7% - Industry AVG
Production
with a gross margin of 76.1%, this company has a lower cost of product (55.3%)
76.1% - Apprentify Group Limited
55.3% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (8.5%)
-2.9% - Apprentify Group Limited
8.5% - Industry AVG
Employees
with 112 employees, this is above the industry average (3)
112 - Apprentify Group Limited
3 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£41.4k)
£42k - Apprentify Group Limited
£41.4k - Industry AVG
Efficiency
resulting in sales per employee of £75.8k, this is less efficient (£108.4k)
£75.8k - Apprentify Group Limited
£108.4k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (71 days)
2 days - Apprentify Group Limited
71 days - Industry AVG
Creditor Days
its suppliers are paid after 998 days, this is slower than average (27 days)
998 days - Apprentify Group Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Apprentify Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (24 weeks)
3 weeks - Apprentify Group Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.5%, this is a higher level of debt than the average (56.4%)
98.5% - Apprentify Group Limited
56.4% - Industry AVG
APPRENTIFY GROUP LIMITED financials
Apprentify Group Limited's latest turnover from July 2023 is £8.5 million and the company has net assets of £161.7 thousand. According to their latest financial statements, Apprentify Group Limited has 112 employees and maintains cash reserves of £329.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Turnover | 8,484,515 | 4,571,350 | |||
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 2,023,785 | 1,587,326 | |||
| Gross Profit | 6,460,730 | 2,984,024 | |||
| Admin Expenses | 6,709,581 | 3,109,953 | |||
| Operating Profit | -248,851 | -125,929 | |||
| Interest Payable | 902,070 | 352,503 | |||
| Interest Receivable | 8 | 101 | |||
| Pre-Tax Profit | -1,150,913 | -478,331 | |||
| Tax | 130,890 | -39,712 | |||
| Profit After Tax | -1,020,023 | -518,043 | |||
| Dividends Paid | 0 | 0 | |||
| Retained Profit | -1,020,023 | -518,043 | |||
| Employee Costs | 4,700,908 | ||||
| Number Of Employees | 112 | 83 | 1 | 1 | 1 |
| EBITDA* | 749,985 | -78,350 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 173,742 | 147,947 | 0 | 0 | 0 |
| Intangible Assets | 8,650,864 | 8,687,564 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 45,000 | 45,000 | 45,000 |
| Debtors (Due After 1 year) | 54,296 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,878,902 | 8,835,511 | 45,000 | 45,000 | 45,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 59,332 | 31,630 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 204,450 | 205,450 | 205,450 |
| Misc Debtors | 1,170,911 | 791,774 | 0 | 0 | 0 |
| Cash | 329,901 | 730,634 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,560,144 | 1,554,038 | 204,450 | 205,450 | 205,450 |
| total assets | 10,439,046 | 10,389,549 | 249,450 | 250,450 | 250,450 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 537,120 | 0 | 0 | 0 |
| Trade Creditors | 5,538,978 | 301,416 | 0 | 0 | 0 |
| 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 | 468,788 | 0 | 0 | 0 |
| total current liabilities | 5,538,978 | 1,307,324 | 0 | 0 | 0 |
| loans | 4,738,391 | 8,317,335 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 249,449 | 250,449 | 250,449 |
| provisions | 0 | 103,190 | 0 | 0 | 0 |
| total long term liabilities | 4,738,391 | 8,420,525 | 249,449 | 250,449 | 250,449 |
| total liabilities | 10,277,369 | 9,727,849 | 249,449 | 250,449 | 250,449 |
| net assets | 161,677 | 661,700 | 1 | 1 | 1 |
| total shareholders funds | 161,677 | 661,700 | 1 | 1 | 1 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -248,851 | -125,929 | |||
| Depreciation | 53,868 | 47,579 | 0 | 0 | |
| Amortisation | 944,968 | 0 | 0 | 0 | |
| Tax | 130,890 | -39,712 | |||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 461,135 | 618,954 | -1,000 | 0 | 205,450 |
| Creditors | 5,237,562 | 301,416 | 0 | 0 | 0 |
| Accruals and Deferred Income | -468,788 | 468,788 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -103,190 | 103,190 | 0 | 0 | 0 |
| Cash flow from operations | 5,085,324 | 136,378 | |||
| Investing Activities | |||||
| capital expenditure | 0 | ||||
| Change in Investments | 0 | -45,000 | 0 | 0 | 45,000 |
| cash flow from investments | 0 | ||||
| Financing Activities | |||||
| Bank loans | -537,120 | 537,120 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -3,578,944 | 8,317,335 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -249,449 | -1,000 | 0 | 250,449 |
| share issue | |||||
| interest | -902,062 | -352,402 | |||
| cash flow from financing | -4,498,126 | 9,432,346 | |||
| cash and cash equivalents | |||||
| cash | -400,733 | 730,634 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -400,733 | 730,634 | 0 | 0 | 0 |
apprentify group limited Credit Report and Business Information
Apprentify Group Limited Competitor Analysis
Perform a competitor analysis for apprentify group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in SK9 area or any other competitors across 12 key performance metrics.
apprentify group limited Ownership
APPRENTIFY GROUP LIMITED group structure
Apprentify Group Limited has 4 subsidiary companies.
Ultimate parent company
APPRENTIFY GROUP LIMITED
11448437
4 subsidiaries
apprentify group limited directors
Apprentify Group Limited currently has 4 directors. The longest serving directors include Mr Jeremy Bygrave (Feb 2022) and Mr Jonathan Fitchew (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Bygrave | England | 51 years | Feb 2022 | - | Director |
| Mr Jonathan Fitchew | England | 62 years | Feb 2022 | - | Director |
| Mr Pinesh Mehta | England | 43 years | Feb 2022 | - | Director |
| Mr Warwick Nash | England | 57 years | Feb 2022 | - | Director |
P&L
July 2023turnover
8.5m
+86%
operating profit
-248.9k
+98%
gross margin
76.2%
+16.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
161.7k
-0.76%
total assets
10.4m
0%
cash
329.9k
-0.55%
net assets
Total assets minus all liabilities
apprentify group limited company details
company number
11448437
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
July 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
July 2023
previous names
apprentify ltd (January 2019)
accountant
-
auditor
JS AUDIT LIMITED
address
25 water lane, first floor, wilmslow, cheshire, SK9 5AR
Bank
-
Legal Advisor
-
apprentify group 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 1 charges/mortgages relating to apprentify group limited. Currently there are 1 open charges and 0 have been satisfied in the past.
apprentify group limited Companies House Filings - See Documents
| date | description | view/download |
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