Pomanda estimates the enterprise value of RICHER SOUNDS FOUNDATION at £413.5k based on a Turnover of £508.1k and 0.81x industry multiple (adjusted for size and gross margin).
richer sounds foundationEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of RICHER SOUNDS FOUNDATION at £1.2m based on an EBITDA of £265.2k and a 4.39x industry multiple (adjusted for size and gross margin).
richer sounds foundationEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of RICHER SOUNDS FOUNDATION at £2.2m based on Net Assets of £898.6k and 2.41x industry multiple (adjusted for liquidity).
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Richer Sounds FoundationOverview
Richer Sounds Foundation is a live company located in london, SE1 4BB with a Companies House number of 13463168. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2021, it's largest shareholder is
unknown.
Richer Sounds Foundation is a startup,
small sized company, Pomanda has estimated its turnover at
£508.1k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Richer Sounds Foundation a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
2 Regular
2 Weak
Size
annual sales of £508.1k, make it smaller than the average company (£925.1k)
£508.1k - Richer Sounds Foundation
£925.1k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Richer Sounds Foundation
- - Industry AVG
Production
with a gross margin of 41.3%, this company has a comparable cost of product (41.3%)
41.3% - Richer Sounds Foundation
41.3% - Industry AVG
Profitability
an operating margin of 52.2% make it more profitable than the average company (6%)
52.2% - Richer Sounds Foundation
6% - Industry AVG
Employees
with 6 employees, this is below the industry average (14)
6 - Richer Sounds Foundation
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Richer Sounds Foundation
- - Industry AVG
Efficiency
resulting in sales per employee of £84.7k, this is equally as efficient (£90.2k)
£84.7k - Richer Sounds Foundation
£90.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Richer Sounds Foundation
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Richer Sounds Foundation
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Richer Sounds Foundation
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 934 weeks, this is more cash available to meet short term requirements (46 weeks)
934 weeks - Richer Sounds Foundation
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.6%, this is a lower level of debt than the average (43.6%)
5.6% - Richer Sounds Foundation
43.6% - Industry AVG
RICHER SOUNDS FOUNDATION financials
EXPORT
Richer Sounds Foundation's latest turnover from April 2024 is £508.1 thousand and the company has net assets of £898.6 thousand. According to their latest financial statements, we estimate that Richer Sounds Foundation has 6 employees and maintains cash reserves of £951.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Turnover
508,128
478,712
519,869
Other Income Or Grants
Cost Of Sales
298,149
280,732
308,278
Gross Profit
209,979
197,980
211,591
Admin Expenses
-55,255
-165,762
-250,412
Operating Profit
265,234
363,742
462,003
Interest Payable
Interest Receivable
Pre-Tax Profit
231,985
291,075
375,494
Tax
Profit After Tax
231,985
291,075
375,494
Dividends Paid
Retained Profit
231,985
291,075
375,494
Employee Costs
Number Of Employees
6
6
7
EBITDA*
265,234
363,742
462,003
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
828
8,750
Cash
951,470
727,761
418,494
misc current assets
total current assets
951,470
728,589
427,244
total assets
951,470
728,589
427,244
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
52,916
62,020
51,750
total current liabilities
52,916
62,020
51,750
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
52,916
62,020
51,750
net assets
898,554
666,569
375,494
total shareholders funds
898,554
666,569
375,494
Apr 2024
Apr 2023
Apr 2022
Operating Activities
Operating Profit
265,234
363,742
462,003
Depreciation
Amortisation
Tax
Stock
Debtors
-828
-7,922
8,750
Creditors
Accruals and Deferred Income
-9,104
10,270
51,750
Deferred Taxes & Provisions
Cash flow from operations
256,958
381,934
505,003
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
cash flow from financing
cash and cash equivalents
cash
223,709
309,267
418,494
overdraft
change in cash
223,709
309,267
418,494
richer sounds foundation 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 richer sounds foundation. Get real-time insights into richer sounds foundation's credit score, group structure and payment trends.
Perform a competitor analysis for richer sounds foundation by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
richer sounds foundation Ownership
RICHER SOUNDS FOUNDATION group structure
Richer Sounds Foundation has no subsidiary companies.
Ultimate parent company
RICHER SOUNDS FOUNDATION
13463168
RICHER SOUNDS FOUNDATION Shareholders
The sole shareholder of Richer Sounds Foundation is -.
-
-
richer sounds foundation directors
Richer Sounds Foundation currently has 6 directors.
The longest serving directors include
Mr David Ward (Jun 2021) and
Mrs Claudia Vernon (Jun 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024
net assets
898.6k
+0.35%
total assets
951.5k
+0.31%
cash
951.5k
+0.31%
net assets
Total assets minus all liabilities
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richer sounds foundation company details
company number
13463168
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
richer house hankey place, london, SE1 4BB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
richer sounds foundation 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 richer sounds foundation.
richer sounds foundation 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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richer sounds foundationCompanies House Filings - See Documents
