Pomanda estimates the enterprise value of WE ARE GOODTHING LIMITED at £143.6k based on a Turnover of £356.5k and 0.4x industry multiple (adjusted for size and gross margin).
we are goodthing limitedEstimated Valuation
£3.9k
Pomanda estimates the enterprise value of WE ARE GOODTHING LIMITED at £3.9k based on an EBITDA of £1.4k and a 2.76x industry multiple (adjusted for size and gross margin).
we are goodthing limitedEstimated Valuation
£1.3k
Pomanda estimates the enterprise value of WE ARE GOODTHING LIMITED at £1.3k based on Net Assets of £789 and 1.67x industry multiple (adjusted for liquidity).
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We Are Goodthing LimitedOverview
We Are Goodthing Limited is a live company located in edgware, HA8 7DB with a Companies House number of 13160050. It operates in the advertising agencies sector, SIC Code 73110. Founded in January 2021, it's largest shareholder is
mr luke lobley
with a 50% stake. We Are Goodthing Limited is a startup,
micro sized company, Pomanda has estimated its turnover at
£356.5k with
unknown
growth in recent years.
Pomanda's financial health check has awarded We Are Goodthing Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
0 Strong
3 Regular
5 Weak
Size
annual sales of £356.5k, make it smaller than the average company (£7.3m)
£356.5k - We Are Goodthing Limited
£7.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - We Are Goodthing Limited
- - Industry AVG
Production
with a gross margin of 42.6%, this company has a comparable cost of product (42.6%)
42.6% - We Are Goodthing Limited
42.6% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (4.9%)
0.3% - We Are Goodthing Limited
4.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (35)
2 - We Are Goodthing Limited
35 - Industry AVG
Pay Structure
on an average salary of £63.8k, the company has an equivalent pay structure (£63.8k)
£63.8k - We Are Goodthing Limited
£63.8k - Industry AVG
Efficiency
resulting in sales per employee of £178.3k, this is equally as efficient (£178.3k)
£178.3k - We Are Goodthing Limited
£178.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - We Are Goodthing Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - We Are Goodthing Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - We Are Goodthing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - We Are Goodthing Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.7%, this is a higher level of debt than the average (67.1%)
92.7% - We Are Goodthing Limited
67.1% - Industry AVG
WE ARE GOODTHING LIMITED financials
EXPORT
We Are Goodthing Limited's latest turnover from January 2024 is estimated at £356.5 thousand and the company has net assets of £789. According to their latest financial statements, We Are Goodthing Limited has 2 employees and maintains cash reserves of £357 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Jan 2023
Jan 2022
Turnover
356,503
361,484
109,669
Other Income Or Grants
Cost Of Sales
204,625
203,343
57,284
Gross Profit
151,878
158,140
52,385
Admin Expenses
150,876
158,140
52,387
Operating Profit
1,002
-2
Interest Payable
Interest Receivable
14
31
2
Pre-Tax Profit
1,016
31
Tax
-254
-6
Profit After Tax
762
25
Dividends Paid
Retained Profit
762
25
Employee Costs
127,627
126,469
126,410
Number Of Employees
2
2
2
EBITDA*
1,422
420
418
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Jan 2023
Jan 2022
Tangible Assets
840
1,260
1,680
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
840
1,260
1,680
Stock & work in progress
Trade Debtors
349
Group Debtors
Misc Debtors
9,652
4,926
Cash
357
193
1,599
misc current assets
total current assets
10,009
5,119
1,948
total assets
10,849
6,379
3,628
Bank overdraft
Bank loan
Trade Creditors
3,626
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
10,060
6,352
total current liabilities
10,060
6,352
3,626
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
10,060
6,352
3,626
net assets
789
27
2
total shareholders funds
789
27
2
Jan 2024
Jan 2023
Jan 2022
Operating Activities
Operating Profit
1,002
-2
Depreciation
420
420
420
Amortisation
Tax
-254
-6
Stock
Debtors
4,726
4,577
349
Creditors
-3,626
3,626
Accruals and Deferred Income
3,708
6,352
Deferred Taxes & Provisions
Cash flow from operations
150
-1,437
3,695
Investing Activities
capital expenditure
-2,100
Change in Investments
cash flow from investments
-2,100
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
2
interest
14
31
2
cash flow from financing
14
31
4
cash and cash equivalents
cash
164
-1,406
1,599
overdraft
change in cash
164
-1,406
1,599
we are goodthing limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for we are goodthing limited. Get real-time insights into we are goodthing limited's credit score, group structure and payment trends.
Perform a competitor analysis for we are goodthing limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in HA8 area or any other competitors across 12 key performance metrics.
we are goodthing limited Ownership
WE ARE GOODTHING LIMITED group structure
We Are Goodthing Limited has no subsidiary companies.
Ultimate parent company
WE ARE GOODTHING LIMITED
13160050
WE ARE GOODTHING LIMITED Shareholders
The largest shareholders in We Are Goodthing Limited include Mr Luke Lobley and Alison Dunne.
mr luke lobley
50%
alison dunne
50%
we are goodthing limited directors
We Are Goodthing Limited currently has 2 directors.
The longest serving directors include
Mr Luke Lobley (Jan 2021) and
Miss Alison Dunne (Mar 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024
net assets
789
+28.22%
total assets
10.8k
+0.7%
cash
357
+0.85%
net assets
Total assets minus all liabilities
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we are goodthing limited company details
company number
13160050
Type
Private limited with Share Capital
industry
73110 - Advertising agencies
incorporation date
January 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
N/A
accountant
PINNICK LEWIS LLP
auditor
-
address
handel house 95 high street, edgware, HA8 7DB
Bank
-
Legal Advisor
-
we are goodthing 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 we are goodthing limited.
we are goodthing 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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we are goodthing limitedCompanies House Filings - See Documents
