worship for change ltd
worship for change ltd Company Information
Company Number
12639534
Website
-Registered Address
47 macgregor road, london, E16 3LL
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
-0%
worship for change ltd Estimated Valuation
Pomanda estimates the enterprise value of WORSHIP FOR CHANGE LTD at £8.4k based on a Turnover of £15.9k and 0.53x industry multiple (adjusted for size and gross margin).
worship for change ltd Estimated Valuation
Pomanda estimates the enterprise value of WORSHIP FOR CHANGE LTD at £0 based on an EBITDA of £-57 and a 3.46x industry multiple (adjusted for size and gross margin).
worship for change ltd Estimated Valuation
Pomanda estimates the enterprise value of WORSHIP FOR CHANGE LTD at £324 based on Net Assets of £681 and 0.48x industry multiple (adjusted for liquidity).
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Worship For Change Ltd Overview
Worship For Change Ltd is a live company located in london, E16 3LL with a Companies House number of 12639534. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2020, it's largest shareholder is unknown. Worship For Change Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £15.9k with unknown growth in recent years.
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Worship For Change Ltd Health Check
Pomanda's financial health check has awarded Worship For Change Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £15.9k, make it smaller than the average company (£859.4k)
- Worship For Change Ltd
£859.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Worship For Change Ltd
- - Industry AVG
Production
with a gross margin of 20.2%, this company has a higher cost of product (41.4%)
- Worship For Change Ltd
41.4% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (6.4%)
- Worship For Change Ltd
6.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
1 - Worship For Change Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.1k, the company has an equivalent pay structure (£30.1k)
- Worship For Change Ltd
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £15.9k, this is less efficient (£83.7k)
- Worship For Change Ltd
£83.7k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (29 days)
- Worship For Change Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (39 days)
- Worship For Change Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Worship For Change Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Worship For Change Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.1%, this is a lower level of debt than the average (43.8%)
5.1% - Worship For Change Ltd
43.8% - Industry AVG
WORSHIP FOR CHANGE LTD financials
Worship For Change Ltd's latest turnover from June 2023 is estimated at £15.9 thousand and the company has net assets of £681. According to their latest financial statements, Worship For Change Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Turnover | 4,640 | 1,864 | |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 0 | 0 | |
| Gross Profit | 4,640 | 1,864 | |
| Admin Expenses | 4,433 | 1,831 | |
| Operating Profit | 207 | 33 | |
| Interest Payable | 98 | 65 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | 109 | -32 | |
| Tax | -22 | 0 | |
| Profit After Tax | 87 | -32 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | 87 | -32 | |
| Employee Costs | |||
| Number Of Employees | 1 | ||
| EBITDA* | 207 | 33 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 718 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 742 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 718 | 742 | 0 |
| total assets | 718 | 742 | 0 |
| Bank overdraft | 0 | 0 | 32 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 37 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 22 | 0 |
| total current liabilities | 37 | 22 | 32 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 37 | 22 | 32 |
| net assets | 681 | 720 | -32 |
| total shareholders funds | 681 | 720 | -32 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 207 | 33 | |
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | -22 | 0 | |
| Stock | 0 | 0 | 0 |
| Debtors | 718 | 0 | 0 |
| Creditors | 37 | 0 | 0 |
| Accruals and Deferred Income | -22 | 22 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | 207 | 33 | |
| 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 | -98 | -65 | |
| cash flow from financing | 567 | -65 | |
| cash and cash equivalents | |||
| cash | -742 | 742 | 0 |
| overdraft | 0 | -32 | 32 |
| change in cash | -742 | 774 | -32 |
worship for change ltd Credit Report and Business Information
Worship For Change Ltd Competitor Analysis
Perform a competitor analysis for worship for change ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in E16 area or any other competitors across 12 key performance metrics.
worship for change ltd Ownership
WORSHIP FOR CHANGE LTD group structure
Worship For Change Ltd has no subsidiary companies.
Ultimate parent company
WORSHIP FOR CHANGE LTD
12639534
worship for change ltd directors
Worship For Change Ltd currently has 2 directors. The longest serving directors include Dr Oluwatunmise Usikalu (Jun 2020) and Mr Adesegun Adenuga (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Oluwatunmise Usikalu | England | 47 years | Jun 2020 | - | Director |
| Mr Adesegun Adenuga | England | 56 years | Mar 2021 | - | Director |
P&L
June 2023turnover
15.9k
+242%
operating profit
-57.6
0%
gross margin
20.2%
-79.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
681
-0.05%
total assets
718
-0.03%
cash
0
-1%
net assets
Total assets minus all liabilities
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worship for change ltd company details
company number
12639534
Type
Private Ltd By Guarantee w/o Share Cap
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2020
age
4
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
47 macgregor road, london, E16 3LL
accountant
-
auditor
-
worship for change 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 did not find charges/mortgages relating to worship for change ltd.
worship for change ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
