the manchester academy ltd

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the manchester academy ltd Company Information

Share THE MANCHESTER ACADEMY LTD

Company Number

12544904

Shareholders

ashley ramrachia

localglobe x lp

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Group Structure

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Industry

Business and domestic software development

 +1

Registered Address

1b blackfriars house parsonage, manchester, greater manchester, M3 2JA

the manchester academy ltd Estimated Valuation

£811.9k

Pomanda estimates the enterprise value of THE MANCHESTER ACADEMY LTD at £811.9k based on a Turnover of £1.5m and 0.56x industry multiple (adjusted for size and gross margin).

the manchester academy ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of THE MANCHESTER ACADEMY LTD at £0 based on an EBITDA of £-846.4k and a 3.84x industry multiple (adjusted for size and gross margin).

the manchester academy ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of THE MANCHESTER ACADEMY LTD at £0 based on Net Assets of £-1.4m and 2.38x industry multiple (adjusted for liquidity).

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The Manchester Academy Ltd Overview

The Manchester Academy Ltd is a live company located in greater manchester, M3 2JA with a Companies House number of 12544904. It operates in the business and domestic software development sector, SIC Code 62012. Founded in April 2020, it's largest shareholder is ashley ramrachia with a 52.1% stake. The Manchester Academy Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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The Manchester Academy Ltd Health Check

Pomanda's financial health check has awarded The Manchester Academy Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £1.5m, make it smaller than the average company (£2.2m)

£1.5m - The Manchester Academy Ltd

£2.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (9.6%)

-29% - The Manchester Academy Ltd

9.6% - Industry AVG

production

Production

with a gross margin of 32.2%, this company has a higher cost of product (55.1%)

32.2% - The Manchester Academy Ltd

55.1% - Industry AVG

profitability

Profitability

an operating margin of -58.2% make it less profitable than the average company (5.4%)

-58.2% - The Manchester Academy Ltd

5.4% - Industry AVG

employees

Employees

with 17 employees, this is similar to the industry average (20)

17 - The Manchester Academy Ltd

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £59k, the company has an equivalent pay structure (£59k)

£59k - The Manchester Academy Ltd

£59k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85.5k, this is less efficient (£109k)

£85.5k - The Manchester Academy Ltd

£109k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 143 days, this is later than average (65 days)

143 days - The Manchester Academy Ltd

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is slower than average (31 days)

57 days - The Manchester Academy Ltd

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Manchester Academy Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - The Manchester Academy Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 332.1%, this is a higher level of debt than the average (58%)

332.1% - The Manchester Academy Ltd

58% - Industry AVG

THE MANCHESTER ACADEMY LTD financials

EXPORTms excel logo

The Manchester Academy Ltd's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of -£1.4 million. According to their latest financial statements, The Manchester Academy Ltd has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Apr 2021
Turnover1,453,9752,787,6502,310,5773,985,799
Other Income Or Grants
Cost Of Sales985,8161,898,0701,518,4462,733,781
Gross Profit468,159889,580792,1311,252,018
Admin Expenses1,314,5362,553,1811,950,462-1,607,165
Operating Profit-846,377-1,663,601-1,158,3312,859,183
Interest Payable
Interest Receivable
Pre-Tax Profit-846,377-1,663,601-1,158,3312,859,183
Tax-543,245
Profit After Tax-846,377-1,663,601-1,158,3312,315,938
Dividends Paid
Retained Profit-846,377-1,663,601-1,158,3312,315,938
Employee Costs1,003,418986,023964,813365,249
Number Of Employees1717177
EBITDA*-846,377-1,663,601-1,158,3312,859,183

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Apr 2021
Tangible Assets2,5586,62414,03812,840
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets2,5586,62414,03812,840
Stock & work in progress
Trade Debtors571,2051,506,3911,215,6702,390,677
Group Debtors
Misc Debtors9,02318,70850,9438,499
Cash
misc current assets
total current assets580,2281,525,0991,266,6132,399,176
total assets582,7861,531,7231,280,6512,412,016
Bank overdraft
Bank loan
Trade Creditors 156,05778,001111,07087,865
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities156,05778,001111,07087,865
loans
hp & lease commitments
Accruals and Deferred Income48,29829,51411,9748,213
other liabilities1,730,8021,930,202
provisions
total long term liabilities1,779,1001,959,71611,9748,213
total liabilities1,935,1572,037,717123,04496,078
net assets-1,352,371-505,9941,157,6072,315,938
total shareholders funds-1,352,371-505,9941,157,6072,315,938
Mar 2024Mar 2023Mar 2022Apr 2021
Operating Activities
Operating Profit-846,377-1,663,601-1,158,3312,859,183
Depreciation
Amortisation
Tax-543,245
Stock
Debtors-944,871258,486-1,132,5632,399,176
Creditors78,056-33,06923,20587,865
Accruals and Deferred Income18,78417,5403,7618,213
Deferred Taxes & Provisions
Cash flow from operations195,334-1,937,6161,19812,840
Investing Activities
capital expenditure4,0667,414-1,198-12,840
Change in Investments
cash flow from investments4,0667,414-1,198-12,840
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-199,4001,930,202
share issue
interest
cash flow from financing-199,4001,930,202
cash and cash equivalents
cash
overdraft
change in cash

the manchester academy ltd 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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The Manchester Academy Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for the manchester academy ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.

the manchester academy ltd Ownership

THE MANCHESTER ACADEMY LTD group structure

The Manchester Academy Ltd has no subsidiary companies.

Ultimate parent company

THE MANCHESTER ACADEMY LTD

12544904

THE MANCHESTER ACADEMY LTD Shareholders

ashley ramrachia 52.05%
localglobe x lp 25.08%
peter tratalos 5.21%
richard lewis 4.3%
emerge venture partners i lp 4.3%
andrew philips 1.43%
nigel morris 0.72%
richard pennycook 0.72%
abigail philips 0.65%
richard ng 0.52%

the manchester academy ltd directors

The Manchester Academy Ltd currently has 4 directors. The longest serving directors include Ashley Ramrachia (Apr 2020) and Ashley Ramrachia (Apr 2020).

officercountryagestartendrole
Ashley RamrachiaEngland37 years Apr 2020- Director
Ashley RamrachiaEngland37 years Apr 2020- Director
Mr Saul Klein54 years Apr 2021- Director
Mr Saul KleinEngland54 years Apr 2021- Director

P&L

March 2024

turnover

1.5m

-48%

operating profit

-846.4k

0%

gross margin

32.2%

+0.9%

turnover

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

Balance Sheet

March 2024

net assets

-1.4m

+1.67%

total assets

582.8k

-0.62%

cash

0

0%

net assets

Total assets minus all liabilities

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the manchester academy ltd company details

company number

12544904

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

71122 - Engineering related scientific and technical consulting activities

incorporation date

April 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

1b blackfriars house parsonage, manchester, greater manchester, M3 2JA

Bank

-

Legal Advisor

-

the manchester academy 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 found 1 charges/mortgages relating to the manchester academy ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

the manchester academy ltd 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 manchester academy ltd Companies House Filings - See Documents

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