22 north foundation
22 north foundation Company Information
Company Number
14047340
Next Accounts
Jan 2026
Shareholders
-
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
third floor 20 old bailey, london, EC4M 7AN
Website
-22 north foundation Estimated Valuation
Pomanda estimates the enterprise value of 22 NORTH FOUNDATION at £183 based on a Turnover of £272 and 0.67x industry multiple (adjusted for size and gross margin).
22 north foundation Estimated Valuation
Pomanda estimates the enterprise value of 22 NORTH FOUNDATION at £0 based on an EBITDA of £-567.5k and a 4.43x industry multiple (adjusted for size and gross margin).
22 north foundation Estimated Valuation
Pomanda estimates the enterprise value of 22 NORTH FOUNDATION at £0 based on Net Assets of £-34k and 1.96x industry multiple (adjusted for liquidity).
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22 North Foundation Overview
22 North Foundation is a live company located in london, EC4M 7AN with a Companies House number of 14047340. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 2022, it's largest shareholder is unknown. 22 North Foundation is a startup, micro sized company, Pomanda has estimated its turnover at £272 with unknown growth in recent years.
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22 North Foundation Health Check
Pomanda's financial health check has awarded 22 North Foundation a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £272, make it smaller than the average company (£924k)
£272 - 22 North Foundation
£924k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- 22 North Foundation
- - Industry AVG
Production
with a gross margin of 40.8%, this company has a comparable cost of product (40.8%)
40.8% - 22 North Foundation
40.8% - Industry AVG
Profitability
an operating margin of -208628% make it less profitable than the average company (6%)
-208628% - 22 North Foundation
6% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- 22 North Foundation
14 - Industry AVG
Pay Structure
on an average salary of £7.2k, the company has a lower pay structure (£31.8k)
- 22 North Foundation
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £272, this is less efficient (£89k)
- 22 North Foundation
£89k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - 22 North Foundation
- - Industry AVG
Creditor Days
its suppliers are paid after 1787 days, this is slower than average (38 days)
1787 days - 22 North Foundation
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 22 North Foundation
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 93 weeks, this is more cash available to meet short term requirements (47 weeks)
93 weeks - 22 North Foundation
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.1%, this is a higher level of debt than the average (43.1%)
111.1% - 22 North Foundation
43.1% - Industry AVG
22 NORTH FOUNDATION financials
22 North Foundation's latest turnover from April 2024 is £272 and the company has net assets of -£34 thousand. According to their latest financial statements, we estimate that 22 North Foundation has 1 employee and maintains cash reserves of £307.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | |
|---|---|---|
| Turnover | 272 | 523,553 |
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | -545,966 | 511,952 |
| Tax | ||
| Profit After Tax | -545,966 | 511,952 |
| Dividends Paid | ||
| Retained Profit | -545,966 | 511,952 |
| Employee Costs | 7,219 | |
| Number Of Employees | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | |
|---|---|---|
| Tangible Assets | ||
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | ||
| Stock & work in progress | ||
| Trade Debtors | ||
| Group Debtors | ||
| Misc Debtors | 2,513 | |
| Cash | 307,652 | 511,479 |
| misc current assets | ||
| total current assets | 307,652 | 513,992 |
| total assets | 307,652 | 513,992 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 788 | 240 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | 170,878 | 1,800 |
| total current liabilities | 171,666 | 2,040 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | 170,000 | |
| provisions | ||
| total long term liabilities | 170,000 | |
| total liabilities | 341,666 | 2,040 |
| net assets | -34,014 | 511,952 |
| total shareholders funds | -34,014 | 511,952 |
| Apr 2024 | Apr 2023 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | -2,513 | 2,513 |
| Creditors | 548 | 240 |
| Accruals and Deferred Income | 169,078 | 1,800 |
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| 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 | 170,000 | |
| share issue | ||
| interest | ||
| cash flow from financing | 170,000 | |
| cash and cash equivalents | ||
| cash | -203,827 | 511,479 |
| overdraft | ||
| change in cash | -203,827 | 511,479 |
22 north foundation Credit Report and Business Information
22 North Foundation Competitor Analysis
Perform a competitor analysis for 22 north foundation by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in EC4M area or any other competitors across 12 key performance metrics.
22 north foundation Ownership
22 NORTH FOUNDATION group structure
22 North Foundation has no subsidiary companies.
Ultimate parent company
22 NORTH FOUNDATION
14047340
22 north foundation directors
22 North Foundation currently has 3 directors. The longest serving directors include Miss Helen Parker (Apr 2022) and Mr Raphael Houdmont (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Helen Parker | United Kingdom | 36 years | Apr 2022 | - | Director |
| Mr Raphael Houdmont | United Kingdom | 36 years | Apr 2022 | - | Director |
| Mr Gabriel Ng | England | 36 years | Apr 2022 | - | Director |
P&L
April 2024turnover
272
-100%
operating profit
-567.5k
0%
gross margin
40.9%
-1.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-34k
-1.07%
total assets
307.7k
-0.4%
cash
307.7k
-0.4%
net assets
Total assets minus all liabilities
Similar Companies
22 north foundation company details
company number
14047340
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
96090 - Other personal service activities n.e.c.
incorporation date
April 2022
age
3
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
third floor 20 old bailey, london, EC4M 7AN
Bank
UNITY TRUST BANK
Legal Advisor
WITHERS LLP
22 north 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 22 north foundation.
22 north 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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22 north foundation Companies House Filings - See Documents
| date | description | view/download |
|---|
