workshop and artists studio provision (scotland) limited
workshop and artists studio provision (scotland) limited Company Information
Group Structure
View All
Industry
Operation of arts facilities
+1Registered Address
the briggait 141 bridgegate, glasgow, lanarkshire, G1 5HZ
Website
http://waspsstudios.org.ukworkshop and artists studio provision (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED at £7.3m based on a Turnover of £3.4m and 2.17x industry multiple (adjusted for size and gross margin).
workshop and artists studio provision (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED at £27.6m based on an EBITDA of £3.6m and a 7.57x industry multiple (adjusted for size and gross margin).
workshop and artists studio provision (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED at £4.9m based on Net Assets of £3.7m and 1.35x industry multiple (adjusted for liquidity).
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Workshop And Artists Studio Provision (scotland) Limited Overview
Workshop And Artists Studio Provision (scotland) Limited is a live company located in lanarkshire, G1 5HZ with a Companies House number of SC062117. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in April 1977, it's largest shareholder is unknown. Workshop And Artists Studio Provision (scotland) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.
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Workshop And Artists Studio Provision (scotland) Limited Health Check
Pomanda's financial health check has awarded Workshop And Artists Studio Provision (Scotland) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
1 Weak
Size
annual sales of £3.4m, make it larger than the average company (£730.9k)
£3.4m - Workshop And Artists Studio Provision (scotland) Limited
£730.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6%)
9% - Workshop And Artists Studio Provision (scotland) Limited
6% - Industry AVG
Production
with a gross margin of 67.3%, this company has a comparable cost of product (67.3%)
67.3% - Workshop And Artists Studio Provision (scotland) Limited
67.3% - Industry AVG
Profitability
an operating margin of 106.9% make it more profitable than the average company (15.3%)
106.9% - Workshop And Artists Studio Provision (scotland) Limited
15.3% - Industry AVG
Employees
with 24 employees, this is above the industry average (8)
24 - Workshop And Artists Studio Provision (scotland) Limited
8 - Industry AVG
Pay Structure
on an average salary of £37.5k, the company has a higher pay structure (£26.6k)
£37.5k - Workshop And Artists Studio Provision (scotland) Limited
£26.6k - Industry AVG
Efficiency
resulting in sales per employee of £140.4k, this is more efficient (£115.2k)
£140.4k - Workshop And Artists Studio Provision (scotland) Limited
£115.2k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (19 days)
4 days - Workshop And Artists Studio Provision (scotland) Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 139 days, this is slower than average (39 days)
139 days - Workshop And Artists Studio Provision (scotland) Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Workshop And Artists Studio Provision (scotland) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 174 weeks, this is more cash available to meet short term requirements (53 weeks)
174 weeks - Workshop And Artists Studio Provision (scotland) Limited
53 weeks - 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 (42.8%)
15.6% - Workshop And Artists Studio Provision (scotland) Limited
42.8% - Industry AVG
WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED financials
Workshop And Artists Studio Provision (Scotland) Limited's latest turnover from March 2024 is £3.4 million and the company has net assets of £3.7 million. According to their latest financial statements, Workshop And Artists Studio Provision (Scotland) Limited has 24 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,369,008 | 3,447,472 | 2,947,186 | 2,618,354 | 2,880,443 | 2,417,768 | 2,343,029 | 2,375,785 | 2,201,850 | 2,076,646 | 2,142,276 | 2,215,776 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 19,862 | 21,410 | |||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 2,761,990 | 116,345 | -177,578 | 11,165 | 166,319 | -48,204 | -20,440 | -17,103 | -124,027 | 56,931 | 139,766 | 253,814 | |||
| Tax | |||||||||||||||
| Profit After Tax | 2,761,990 | 116,345 | -177,578 | 11,165 | 166,319 | -48,204 | -20,440 | -17,103 | -124,027 | 56,931 | 139,766 | 253,814 | |||
| Dividends Paid | |||||||||||||||
| Retained Profit | 2,761,990 | 116,345 | -177,578 | 11,165 | 166,319 | -48,204 | -20,440 | -17,103 | -124,027 | 56,931 | 139,766 | 253,814 | |||
| Employee Costs | 899,659 | 781,286 | 728,427 | 650,455 | 653,960 | 612,039 | 595,906 | 553,105 | 448,981 | 414,772 | 383,091 | 357,772 | |||
| Number Of Employees | 24 | 19 | 19 | 18 | 17 | 16 | 15 | 15 | 15 | 12 | 11 | 10 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 136,299 | 172,090 | 203,775 | 236,282 | 272,735 | 329,891 | 384,991 | 451,217 | 489,830 | 646,303 | 632,040 | 635,257 | 492,868 | 158,448 | 66,168 |
| Intangible Assets | 15,554 | 21,774 | 27,994 | 31,104 | |||||||||||
| Investments & Other | 375,000 | 375,000 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 151,853 | 568,864 | 606,769 | 267,386 | 272,735 | 329,891 | 384,991 | 451,217 | 489,830 | 646,303 | 632,040 | 635,257 | 492,868 | 158,448 | 66,168 |
| Stock & work in progress | 1,204 | 1,186 | 1,547 | 1,339 | 1,125 | ||||||||||
| Trade Debtors | 38,280 | 21,580 | 27,725 | 38,482 | 39,512 | 27,021 | 16,294 | 32,265 | 16,592 | 12,359 | 58,775 | 51,117 | 176,763 | 87,373 | 231,822 |
| Group Debtors | 1,836,364 | 70,535 | 34,035 | 139,080 | 36,248 | ||||||||||
| Misc Debtors | 44,809 | 30,514 | 23,130 | 32,795 | 15,800 | 25,618 | 49,097 | 54,025 | 68,184 | 198,643 | 51,454 | 59,759 | |||
| Cash | 2,267,859 | 880,182 | 709,958 | 777,184 | 605,160 | 369,071 | 396,624 | 386,184 | 517,179 | 465,255 | 587,728 | 439,655 | 228,047 | 116,611 | 206,137 |
| misc current assets | |||||||||||||||
| total current assets | 4,187,312 | 932,276 | 831,348 | 882,496 | 660,472 | 421,710 | 463,219 | 473,660 | 742,582 | 713,844 | 699,082 | 550,531 | 404,810 | 203,984 | 437,959 |
| total assets | 4,339,165 | 1,501,140 | 1,438,117 | 1,149,882 | 933,207 | 751,601 | 848,210 | 924,877 | 1,232,412 | 1,360,147 | 1,331,122 | 1,185,788 | 897,678 | 362,432 | 504,127 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 420,418 | 315,936 | 181,528 | 264,724 | 221,040 | 209,317 | 232,976 | 167,820 | 213,087 | 196,555 | 190,070 | 200,322 | 430,699 | 205,588 | 324,632 |
| Group/Directors Accounts | 13,537 | 12,540 | 26,989 | 24,376 | 22,730 | ||||||||||
| other short term finances | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 5,523 | 11,825 | 14,200 | 40,119 | 26,138 | |||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 253,572 | 280,567 | 461,845 | 202,383 | 114,568 | 129,545 | 129,926 | 222,675 | 182,108 | 176,210 | 186,225 | 147,673 | |||
| total current liabilities | 675,442 | 597,955 | 644,825 | 468,559 | 350,597 | 344,385 | 387,267 | 431,684 | 435,314 | 398,903 | 400,671 | 370,725 | 430,699 | 205,588 | 324,632 |
| loans | 3,267 | 4,719 | 6,171 | 7,623 | 9,075 | 5,523 | 17,333 | 304,135 | 344,254 | 370,392 | 394,770 | 300,500 | |||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 5,000 | 89,000 | |||||||||||||
| total long term liabilities | 3,267 | 4,719 | 11,171 | 96,623 | 9,075 | 5,523 | 17,333 | 304,135 | 344,254 | 370,392 | 394,770 | 300,500 | |||
| total liabilities | 678,709 | 602,674 | 655,996 | 565,182 | 359,672 | 344,385 | 392,790 | 449,017 | 739,449 | 743,157 | 771,063 | 765,495 | 731,199 | 205,588 | 324,632 |
| net assets | 3,660,456 | 898,466 | 782,121 | 584,700 | 573,535 | 407,216 | 455,420 | 475,860 | 492,963 | 616,990 | 560,059 | 420,293 | 166,479 | 156,844 | 179,495 |
| total shareholders funds | 3,660,456 | 898,466 | 782,121 | 584,700 | 573,535 | 407,216 | 455,420 | 475,860 | 492,963 | 616,990 | 560,059 | 420,293 | 166,479 | 156,844 | 179,495 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 38,675 | 43,413 | 46,437 | 52,086 | 60,012 | 63,109 | 67,422 | 70,993 | 62,521 | 64,735 | 61,924 | 52,087 | 26,864 | 27,194 | 11,040 |
| Amortisation | 6,220 | ||||||||||||||
| Tax | |||||||||||||||
| Stock | -1,204 | 18 | -361 | 208 | 214 | 1,125 | |||||||||
| Debtors | 1,867,359 | -69,296 | 16,078 | 50,000 | 2,673 | -12,752 | -20,899 | -137,566 | -23,394 | 137,021 | -647 | -65,887 | 89,390 | -144,449 | 231,822 |
| Creditors | 104,482 | 134,408 | -83,196 | 43,684 | 11,723 | -23,659 | 65,156 | -45,267 | 16,532 | 6,485 | -10,252 | -230,377 | 225,111 | -119,044 | 324,632 |
| Accruals and Deferred Income | -26,995 | -181,278 | 259,462 | 87,815 | -14,977 | -381 | -92,749 | 40,567 | 5,898 | -10,015 | 38,552 | 147,673 | |||
| Deferred Taxes & Provisions | -5,000 | -84,000 | 89,000 | ||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -8,009 | -1,196 | -32,380 | 93,012 | -78,998 | ||||||||||
| Change in Investments | -375,000 | 375,000 | |||||||||||||
| cash flow from investments | 375,000 | -375,000 | -8,009 | -1,196 | -32,380 | 93,012 | -78,998 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -13,537 | 13,537 | -12,540 | -14,449 | 26,989 | -24,376 | 1,646 | 22,730 | |||||||
| Other Short Term Loans | -4,071 | -6,302 | -2,375 | -25,919 | 13,981 | 26,138 | |||||||||
| Long term loans | -1,452 | -1,452 | -1,452 | -1,452 | 9,075 | -5,523 | -11,810 | -286,802 | -40,119 | -26,138 | -24,378 | 94,270 | 300,500 | ||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -19,862 | -21,410 | |||||||||||||
| cash flow from financing | -1,452 | -1,452 | 373,547 | -14,989 | 18,541 | -24,365 | -28,634 | -285,732 | -44,238 | -44,142 | 117,000 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,387,677 | 170,224 | -67,226 | 172,024 | 236,089 | -27,553 | 10,440 | -130,995 | 51,924 | -122,473 | 148,073 | 211,608 | 111,436 | -89,526 | 206,137 |
| overdraft | |||||||||||||||
| change in cash | 1,387,677 | 170,224 | -67,226 | 172,024 | 236,089 | -27,553 | 10,440 | -130,995 | 51,924 | -122,473 | 148,073 | 211,608 | 111,436 | -89,526 | 206,137 |
workshop and artists studio provision (scotland) limited Credit Report and Business Information
Workshop And Artists Studio Provision (scotland) Limited Competitor Analysis
Perform a competitor analysis for workshop and artists studio provision (scotland) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in G 1 area or any other competitors across 12 key performance metrics.
workshop and artists studio provision (scotland) limited Ownership
WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED group structure
Workshop And Artists Studio Provision (Scotland) Limited has 1 subsidiary company.
Ultimate parent company
WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED
SC062117
1 subsidiary
workshop and artists studio provision (scotland) limited directors
Workshop And Artists Studio Provision (Scotland) Limited currently has 13 directors. The longest serving directors include Mrs Audrey Carlin (Mar 2015) and Ms Mhora Samuel (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Audrey Carlin | 56 years | Mar 2015 | - | Director | |
| Ms Mhora Samuel | 61 years | Mar 2020 | - | Director | |
| Ms Nikki Kane | 36 years | Mar 2020 | - | Director | |
| Mrs Seona Reid | 75 years | Sep 2020 | - | Director | |
| Ms Erin Forster | 50 years | Sep 2020 | - | Director | |
| Ms Nicola Walls | Scotland | 58 years | Apr 2021 | - | Director |
| Ms Karen Anderson | 63 years | Mar 2023 | - | Director | |
| Mr Dominic Echlin | 57 years | Feb 2024 | - | Director | |
| Miss Anne McGregor | 62 years | Feb 2024 | - | Director | |
| Mr Dev Basra | 32 years | Feb 2024 | - | Director |
P&L
March 2024turnover
3.4m
-2%
operating profit
3.6m
0%
gross margin
67.3%
-2.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.7m
+3.07%
total assets
4.3m
+1.89%
cash
2.3m
+1.58%
net assets
Total assets minus all liabilities
workshop and artists studio provision (scotland) limited company details
company number
SC062117
Type
Private Ltd By Guarantee w/o Share Cap
industry
90040 - Operation of arts facilities
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
April 1977
age
48
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
MHA
address
the briggait 141 bridgegate, glasgow, lanarkshire, G1 5HZ
Bank
CLYDESDALE BANK
Legal Advisor
BURNESS PAULL LLP
workshop and artists studio provision (scotland) 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 found 4 charges/mortgages relating to workshop and artists studio provision (scotland) limited. Currently there are 3 open charges and 1 have been satisfied in the past.
workshop and artists studio provision (scotland) 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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workshop and artists studio provision (scotland) limited Companies House Filings - See Documents
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