the koru project cic
the koru project cic Company Information
Group Structure
View All
Industry
Educational support activities
+1Registered Address
austin house 43 poole road, westbourne, bournemouth, BH4 9DN
Website
the-koru-project.org.ukthe koru project cic Estimated Valuation
Pomanda estimates the enterprise value of THE KORU PROJECT CIC at £446.1k based on a Turnover of £762.2k and 0.59x industry multiple (adjusted for size and gross margin).
the koru project cic Estimated Valuation
Pomanda estimates the enterprise value of THE KORU PROJECT CIC at £0 based on an EBITDA of £-64.4k and a 4.13x industry multiple (adjusted for size and gross margin).
the koru project cic Estimated Valuation
Pomanda estimates the enterprise value of THE KORU PROJECT CIC at £334.7k based on Net Assets of £140.1k and 2.39x industry multiple (adjusted for liquidity).
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The Koru Project Cic Overview
The Koru Project Cic is a live company located in bournemouth, BH4 9DN with a Companies House number of 11859981. It operates in the other human health activities sector, SIC Code 86900. Founded in March 2019, it's largest shareholder is unknown. The Koru Project Cic is a young, small sized company, Pomanda has estimated its turnover at £762.2k with high growth in recent years.
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The Koru Project Cic Health Check
Pomanda's financial health check has awarded The Koru Project Cic a 3 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
3 Strong
3 Regular
5 Weak
Size
annual sales of £762.2k, make it larger than the average company (£537.5k)
- The Koru Project Cic
£537.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (7.3%)
- The Koru Project Cic
7.3% - Industry AVG
Production
with a gross margin of 54.1%, this company has a comparable cost of product (54.1%)
- The Koru Project Cic
54.1% - Industry AVG
Profitability
an operating margin of -8.8% make it less profitable than the average company (4%)
- The Koru Project Cic
4% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (13)
12 - The Koru Project Cic
13 - Industry AVG
Pay Structure
on an average salary of £27k, the company has an equivalent pay structure (£27k)
- The Koru Project Cic
£27k - Industry AVG
Efficiency
resulting in sales per employee of £63.5k, this is more efficient (£48.5k)
- The Koru Project Cic
£48.5k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (21 days)
- The Koru Project Cic
21 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (19 days)
- The Koru Project Cic
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Koru Project Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is less cash available to meet short term requirements (111 weeks)
30 weeks - The Koru Project Cic
111 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57%, this is a higher level of debt than the average (26.9%)
57% - The Koru Project Cic
26.9% - Industry AVG
THE KORU PROJECT CIC financials
The Koru Project Cic's latest turnover from March 2024 is estimated at £762.2 thousand and the company has net assets of £140.1 thousand. According to their latest financial statements, The Koru Project Cic has 12 employees and maintains cash reserves of £108.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | 442,781 | 381,211 | |||
| Other Income Or Grants | |||||
| Cost Of Sales | 330,731 | 254,675 | |||
| Gross Profit | 112,050 | 126,536 | |||
| Admin Expenses | 112,191 | 74,439 | |||
| Operating Profit | -141 | 52,097 | |||
| Interest Payable | 2 | 8 | |||
| Interest Receivable | |||||
| Pre-Tax Profit | -143 | 52,089 | |||
| Tax | -9,418 | ||||
| Profit After Tax | -143 | 42,671 | |||
| Dividends Paid | |||||
| Retained Profit | -143 | 42,671 | |||
| Employee Costs | |||||
| Number Of Employees | 12 | 3 | 1 | 1 | 1 |
| EBITDA* | 933 | 52,254 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 9,603 | 6,775 | 7,112 | 2,522 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 9,603 | 6,775 | 7,112 | 2,522 | |
| Stock & work in progress | |||||
| Trade Debtors | 95,082 | 168,803 | 67,155 | 88,600 | 25,931 |
| Group Debtors | |||||
| Misc Debtors | 112,687 | 54,025 | 3,680 | 20,504 | 13,334 |
| Cash | 108,168 | 233,440 | 44,829 | 14,384 | 7,652 |
| misc current assets | |||||
| total current assets | 315,937 | 456,268 | 115,664 | 123,488 | 46,917 |
| total assets | 325,540 | 463,043 | 122,776 | 126,010 | 46,917 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 1,540 | 100 | |||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 181,547 | 264,560 | 68,971 | 72,062 | 35,640 |
| total current liabilities | 183,087 | 264,660 | 68,971 | 72,062 | 35,640 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 2,399 | ||||
| total long term liabilities | 2,399 | ||||
| total liabilities | 185,486 | 264,660 | 68,971 | 72,062 | 35,640 |
| net assets | 140,054 | 198,383 | 53,805 | 53,948 | 11,277 |
| total shareholders funds | 140,054 | 198,383 | 53,805 | 53,948 | 11,277 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -141 | 52,097 | |||
| Depreciation | 2,867 | 1,802 | 1,074 | 157 | |
| Amortisation | |||||
| Tax | -9,418 | ||||
| Stock | |||||
| Debtors | -15,059 | 151,993 | -38,269 | 69,839 | 39,265 |
| Creditors | 1,440 | 100 | |||
| Accruals and Deferred Income | -83,013 | 195,589 | -3,091 | 36,422 | 35,640 |
| Deferred Taxes & Provisions | 2,399 | ||||
| Cash flow from operations | 36,111 | 9,419 | |||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | -2 | -8 | |||
| cash flow from financing | -2 | -8 | |||
| cash and cash equivalents | |||||
| cash | -125,272 | 188,611 | 30,445 | 6,732 | 7,652 |
| overdraft | |||||
| change in cash | -125,272 | 188,611 | 30,445 | 6,732 | 7,652 |
the koru project cic Credit Report and Business Information
The Koru Project Cic Competitor Analysis
Perform a competitor analysis for the koru project cic by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in BH4 area or any other competitors across 12 key performance metrics.
the koru project cic Ownership
THE KORU PROJECT CIC group structure
The Koru Project Cic has no subsidiary companies.
Ultimate parent company
THE KORU PROJECT CIC
11859981
the koru project cic directors
The Koru Project Cic currently has 6 directors. The longest serving directors include Mrs Andrea Micah (Mar 2019) and Ms Rita Cronin (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Andrea Micah | England | 51 years | Mar 2019 | - | Director |
| Ms Rita Cronin | England | 83 years | Mar 2019 | - | Director |
| Miss Elizabeth Denton | England | 51 years | Mar 2019 | - | Director |
| Mr Robert Whiteman | England | 63 years | Nov 2020 | - | Director |
| Mr Robert Whiteman | England | 63 years | Nov 2020 | - | Director |
| Mrs Hannah Baker | 45 years | Jun 2023 | - | Director |
P&L
March 2024turnover
762.2k
-10%
operating profit
-67.3k
0%
gross margin
54.2%
+7.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
140.1k
-0.29%
total assets
325.5k
-0.3%
cash
108.2k
-0.54%
net assets
Total assets minus all liabilities
Similar Companies
the koru project cic company details
company number
11859981
Type
Private Ltd By Guarantee w/o Share Cap
industry
85600 - Educational support activities
86900 - Other human health activities
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
ROWLAND WEBSTER LIMITED
auditor
-
address
austin house 43 poole road, westbourne, bournemouth, BH4 9DN
Bank
-
Legal Advisor
-
the koru project cic 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 the koru project cic.
the koru project cic 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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the koru project cic Companies House Filings - See Documents
| date | description | view/download |
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