verity group holdings limited

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verity group holdings limited Company Information

Share VERITY GROUP HOLDINGS LIMITED

Company Number

11749774

Shareholders

stephen peter boardman

julia christine moss

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Group Structure

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Industry

Renting and operating of Housing Association real estate

 

Registered Address

sanderson house station road, horsforth, leeds, LS18 5NT

verity group holdings limited Estimated Valuation

£42.4k

Pomanda estimates the enterprise value of VERITY GROUP HOLDINGS LIMITED at £42.4k based on a Turnover of £10.1k and 4.18x industry multiple (adjusted for size and gross margin).

verity group holdings limited Estimated Valuation

£16.4k

Pomanda estimates the enterprise value of VERITY GROUP HOLDINGS LIMITED at £16.4k based on an EBITDA of £2.3k and a 7.26x industry multiple (adjusted for size and gross margin).

verity group holdings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of VERITY GROUP HOLDINGS LIMITED at £0 based on Net Assets of £-14.2k and 1.79x industry multiple (adjusted for liquidity).

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Verity Group Holdings Limited Overview

Verity Group Holdings Limited is a live company located in leeds, LS18 5NT with a Companies House number of 11749774. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in January 2019, it's largest shareholder is stephen peter boardman with a 60% stake. Verity Group Holdings Limited is a young, micro sized company, Pomanda has estimated its turnover at £10.1k with declining growth in recent years.

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Verity Group Holdings Limited Health Check

Pomanda's financial health check has awarded Verity Group Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £10.1k, make it smaller than the average company (£1.3m)

£10.1k - Verity Group Holdings Limited

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -64%, show it is growing at a slower rate (4.5%)

-64% - Verity Group Holdings Limited

4.5% - Industry AVG

production

Production

with a gross margin of 63.5%, this company has a comparable cost of product (63.5%)

63.5% - Verity Group Holdings Limited

63.5% - Industry AVG

profitability

Profitability

an operating margin of 21.6% make it more profitable than the average company (17.6%)

21.6% - Verity Group Holdings Limited

17.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (6)

1 - Verity Group Holdings Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)

£34.5k - Verity Group Holdings Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £10.1k, this is less efficient (£163.3k)

£10.1k - Verity Group Holdings Limited

£163.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Verity Group Holdings Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 237 days, this is slower than average (31 days)

237 days - Verity Group Holdings Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Verity Group Holdings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (21 weeks)

32 weeks - Verity Group Holdings Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 129.5%, this is a higher level of debt than the average (70.6%)

129.5% - Verity Group Holdings Limited

70.6% - Industry AVG

VERITY GROUP HOLDINGS LIMITED financials

EXPORTms excel logo

Verity Group Holdings Limited's latest turnover from January 2024 is estimated at £10.1 thousand and the company has net assets of -£14.2 thousand. According to their latest financial statements, we estimate that Verity Group Holdings Limited has 1 employee and maintains cash reserves of £9.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Turnover10,13912,120153,541222,260364,106
Other Income Or Grants
Cost Of Sales3,7024,25342,61161,958101,357
Gross Profit6,4377,867110,930160,302262,749
Admin Expenses4,25121,39799,038159,328262,457
Operating Profit2,186-13,53011,892974292
Interest Payable5,4414,6363,0871,525
Interest Receivable2531222362
Pre-Tax Profit-3,002-18,0448,828-545294
Tax-1,677-56
Profit After Tax-3,002-18,0447,151-545238
Dividends Paid
Retained Profit-3,002-18,0447,151-545238
Employee Costs34,50034,31567,780128,316155,092
Number Of Employees11245
EBITDA*2,265-13,45111,9711,051369

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Tangible Assets382161240317
Intangible Assets
Investments & Other
Debtors (Due After 1 year)541
Total Fixed Assets382161240858
Stock & work in progress
Trade Debtors12,70811
Group Debtors
Misc Debtors39,08855,21454,38153,3681,675
Cash9,1015386,42912,326426
misc current assets
total current assets48,18955,75273,51865,6952,102
total assets48,19255,83473,67965,9352,960
Bank overdraft
Bank loan
Trade Creditors 2,4122,4122,4122,412
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities12,04215,78315,58413,8082,658
total current liabilities14,45418,19517,99616,2202,658
loans47,92948,79848,79850,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions131311254
total long term liabilities47,93048,82948,82950,01254
total liabilities62,38467,02466,82566,2322,712
net assets-14,192-11,1906,854-297248
total shareholders funds-14,192-11,1906,854-297248
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Operating Activities
Operating Profit2,186-13,53011,892974292
Depreciation7979797777
Amortisation
Tax-1,677-56
Stock
Debtors-16,126-11,87513,72051,1522,217
Creditors2,412
Accruals and Deferred Income-3,7411991,77611,1502,658
Deferred Taxes & Provisions-3019-4254
Cash flow from operations14,620-1,377-1,631-36,581808
Investing Activities
capital expenditure-394
Change in Investments
cash flow from investments-394
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-869-1,20250,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue10
interest-5,188-4,514-3,064-1,5192
cash flow from financing-6,057-4,514-4,26648,48112
cash and cash equivalents
cash8,563-5,891-5,89711,900426
overdraft
change in cash8,563-5,891-5,89711,900426

verity group holdings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Verity Group Holdings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for verity group holdings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in LS18 area or any other competitors across 12 key performance metrics.

verity group holdings limited Ownership

VERITY GROUP HOLDINGS LIMITED group structure

Verity Group Holdings Limited has 6 subsidiary companies.

VERITY GROUP HOLDINGS LIMITED Shareholders

stephen peter boardman 60%
julia christine moss 15%
awhape limited 15%
alexander boardman 5%
robin boardman 5%

verity group holdings limited directors

Verity Group Holdings Limited currently has 3 directors. The longest serving directors include Mr Stephen Boardman (Jan 2019) and Mrs Julia Moss (Jul 2024).

officercountryagestartendrole
Mr Stephen Boardman66 years Jan 2019- Director
Mrs Julia MossEngland65 years Jul 2024- Director
Mr Mohammed HussainEngland39 years Jul 2024- Director

P&L

January 2024

turnover

10.1k

-16%

operating profit

2.2k

0%

gross margin

63.5%

-2.19%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2024

net assets

-14.2k

+0.27%

total assets

48.2k

-0.14%

cash

9.1k

+15.92%

net assets

Total assets minus all liabilities

verity group holdings limited company details

company number

11749774

Type

Private limited with Share Capital

industry

68201 - Renting and operating of Housing Association real estate

incorporation date

January 2019

age

6

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

verity housing limited (February 2021)

accountant

-

auditor

-

address

sanderson house station road, horsforth, leeds, LS18 5NT

Bank

-

Legal Advisor

-

verity group 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 did not find charges/mortgages relating to verity group holdings limited.

verity group 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.

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verity group holdings limited Companies House Filings - See Documents

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