the resonance centre cic
the resonance centre cic Company Information
Company Number
12583703
Next Accounts
Feb 2025
Industry
Physical well-being activities
Shareholders
-
Group Structure
View All
Contact
Registered Address
the old schoolhouse, 599 ashton new road, manchester, greater manchester, M11 4UA
Website
theresonancecentre.co.ukthe resonance centre cic Estimated Valuation
Pomanda estimates the enterprise value of THE RESONANCE CENTRE CIC at £65.1k based on a Turnover of £86.4k and 0.75x industry multiple (adjusted for size and gross margin).
the resonance centre cic Estimated Valuation
Pomanda estimates the enterprise value of THE RESONANCE CENTRE CIC at £12.7k based on an EBITDA of £2k and a 6.32x industry multiple (adjusted for size and gross margin).
the resonance centre cic Estimated Valuation
Pomanda estimates the enterprise value of THE RESONANCE CENTRE CIC at £43.9k based on Net Assets of £22.4k and 1.96x industry multiple (adjusted for liquidity).
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The Resonance Centre Cic Overview
The Resonance Centre Cic is a live company located in manchester, M11 4UA with a Companies House number of 12583703. It operates in the physical well-being activities sector, SIC Code 96040. Founded in May 2020, it's largest shareholder is unknown. The Resonance Centre Cic is a startup, micro sized company, Pomanda has estimated its turnover at £86.4k with unknown growth in recent years.
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The Resonance Centre Cic Health Check
Pomanda's financial health check has awarded The Resonance Centre Cic a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £86.4k, make it smaller than the average company (£148.7k)
£86.4k - The Resonance Centre Cic
£148.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Resonance Centre Cic
- - Industry AVG
Production
with a gross margin of 98.8%, this company has a lower cost of product (75.2%)
98.8% - The Resonance Centre Cic
75.2% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (9.7%)
0.6% - The Resonance Centre Cic
9.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
- The Resonance Centre Cic
5 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- The Resonance Centre Cic
- - Industry AVG
Efficiency
resulting in sales per employee of £43.2k, this is equally as efficient (£42.1k)
- The Resonance Centre Cic
£42.1k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (20 days)
75 days - The Resonance Centre Cic
20 days - Industry AVG
Creditor Days
its suppliers are paid after 1218 days, this is slower than average (57 days)
1218 days - The Resonance Centre Cic
57 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Resonance Centre Cic
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Resonance Centre Cic
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.6%, this is a lower level of debt than the average (29.3%)
15.6% - The Resonance Centre Cic
29.3% - Industry AVG
THE RESONANCE CENTRE CIC financials
The Resonance Centre Cic's latest turnover from May 2023 is £86.4 thousand and the company has net assets of £22.4 thousand. According to their latest financial statements, we estimate that The Resonance Centre Cic has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Turnover | 86,424 | 67,211 | 31,635 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 1,074 | 1,436 | 0 |
| Gross Profit | 85,350 | 65,775 | 31,635 |
| Admin Expenses | 84,858 | 44,444 | 31,927 |
| Operating Profit | 492 | 21,331 | -292 |
| Interest Payable | 16 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | 4,656 | 21,344 | -292 |
| Tax | 0 | 0 | 0 |
| Profit After Tax | 4,656 | 21,344 | -292 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | 4,656 | 21,344 | -292 |
| Employee Costs | 0 | 700 | 0 |
| Number Of Employees | |||
| EBITDA* | 2,002 | 22,242 | -232 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Tangible Assets | 8,606 | 9,996 | 339 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 8,606 | 9,996 | 339 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 17,901 | 19,068 | 16,470 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 17,901 | 19,068 | 16,470 |
| total assets | 26,507 | 29,064 | 16,809 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 3,584 | 9,648 | 3,121 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 3,584 | 9,648 | 3,121 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 540 | 540 | 13,980 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 540 | 540 | 13,980 |
| total liabilities | 4,124 | 10,188 | 17,101 |
| net assets | 22,383 | 18,876 | -292 |
| total shareholders funds | 22,383 | 18,876 | -292 |
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 492 | 21,331 | -292 |
| Depreciation | 1,510 | 911 | 60 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 |
| Debtors | -1,167 | 2,598 | 16,470 |
| Creditors | -6,064 | 6,527 | 3,121 |
| Accruals and Deferred Income | 0 | -13,440 | 13,980 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -2,895 | 12,731 | 399 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -16 | 0 | 0 |
| cash flow from financing | -1,165 | -2,176 | 0 |
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
the resonance centre cic Credit Report and Business Information
The Resonance Centre Cic Competitor Analysis
Perform a competitor analysis for the resonance centre cic by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in M11 area or any other competitors across 12 key performance metrics.
the resonance centre cic Ownership
THE RESONANCE CENTRE CIC group structure
The Resonance Centre Cic has no subsidiary companies.
Ultimate parent company
THE RESONANCE CENTRE CIC
12583703
the resonance centre cic directors
The Resonance Centre Cic currently has 4 directors. The longest serving directors include Miss Juanita Margerison (May 2020) and Mr Ralph Sweeney (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Juanita Margerison | United Kingdom | 41 years | May 2020 | - | Director |
| Mr Ralph Sweeney | United Kingdom | 68 years | May 2020 | - | Director |
| Mr William Margerison | United Kingdom | 89 years | May 2020 | - | Director |
| Mr Mark Howarth | United Kingdom | 39 years | Nov 2021 | - | Director |
P&L
May 2023turnover
86.4k
+29%
operating profit
492
-98%
gross margin
98.8%
+0.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
22.4k
+0.19%
total assets
26.5k
-0.09%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
the resonance centre cic company details
company number
12583703
Type
Private Ltd By Guarantee w/o Share Cap
industry
96040 - Physical well-being activities
incorporation date
May 2020
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
ACCOUNTANCY & BUSINESS SOLUTIONS
auditor
-
address
the old schoolhouse, 599 ashton new road, manchester, greater manchester, M11 4UA
Bank
-
Legal Advisor
-
the resonance centre 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 resonance centre cic.
the resonance centre 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 resonance centre cic Companies House Filings - See Documents
| date | description | view/download |
|---|
