Virtu Investments Ltd

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virtu investments ltd Company Information

Live

MatureMicroDeclining

Company Number

01301571

Website

www.fileturn.co.uk

Registered Address

russell house 140 high st, edgware, middlesex, HA8 7LW

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Plumbing, heat and air-conditioning installation

Telephone

01737242425

Next Accounts Due

December 2024

Group Structure

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Directors

Andrew Hart30 Years

Lee Paris2 Years

Shareholders

virtu holdings limited 100%

virtu investments ltd Estimated Valuation

£21.6m

Pomanda estimates the enterprise value of VIRTU INVESTMENTS LTD at £21.6m based on Net Assets of £8.7m and 2.49x industry multiple (adjusted for liquidity).

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Virtu Investments Ltd is a live company located in middlesex, HA8 7LW with a Companies House number of 01301571. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 1977, it's largest shareholder is virtu holdings limited with a 100% stake. Virtu Investments Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £104.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Virtu Investments Ltd a 3.5 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

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £104.1k, make it smaller than the average company (£581.1k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (3.1%)

EXPORT

Virtu Investments Ltd's latest turnover from March 2023 is estimated at £104.1 thousand and the company has net assets of £8.7 million. According to their latest financial statements, Virtu Investments Ltd has 1 employee and maintains cash reserves of £297.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	104,091	90,363	170,989	156,986	501,655	47,508,549	50,135,346	41,417,924	33,404,974	23,766,020	18,727,522	16,267,336	13,351,817	11,812,695
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	50,905	43,190	82,274	73,866	229,996	38,619,221	41,001,594	33,417,323	26,648,029	19,603,467	15,958,009	13,683,787	10,794,849	9,601,412
Gross Profit	53,186	47,173	88,715	83,119	271,659	8,889,328	9,133,752	8,000,601	6,756,945	4,162,553	2,769,513	2,583,549	2,556,968	2,211,283
Admin Expenses	127,266	-1,609,376	419,276	258,843	1,214,638	5,468,777	6,075,814	4,569,585	3,477,532	2,611,340	2,266,970	2,029,132	2,183,615	2,146,396
Operating Profit	-74,080	1,656,549	-330,561	-175,724	-942,979	3,420,551	3,057,938	3,431,016	3,279,413	1,551,213	502,543	554,417	373,353	64,887
Interest Payable	0	0	0	0	0	9,925	14,877	19,850	27,077	34,227	38,201	36,220	74,523	57,263
Interest Receivable	34,222	10,956	1,108	2,017	33,196	3,027	3,037	9,022	58	1,357	1,823	50	8,232	6,931
Pre-Tax Profit	-39,858	1,667,505	-329,453	-173,707	-909,783	3,413,653	3,717,541	3,420,188	3,252,394	1,518,343	466,165	518,247	307,062	-525,445
Tax	0	-316,826	0	0	0	-718,310	-632,559	-707,894	-653,667	-263,888	-99,684	-126,209	-85,762	60,408
Profit After Tax	-39,858	1,350,679	-329,453	-173,707	-909,783	2,695,343	3,084,982	2,712,294	2,598,727	1,254,455	366,481	392,038	221,300	-465,037
Dividends Paid	0	0	0	0	0	717,759	0	2,130,000	900,000	400,000	0	24,000	0	0
Retained Profit	-39,858	1,350,679	-329,453	-173,707	-909,783	1,603,513	2,713,584	195,681	1,688,564	707,520	328,705	329,788	193,590	-462,401
Employee Costs	31,997	61,926	59,493	61,890	61,938	4,278,149	4,104,876	3,456,764	2,751,758	2,046,814	1,730,809	1,624,055	1,993,046	2,842,072
Number Of Employees	1	2	2	2	2	68	64	52	43	32	32	32	45	49
EBITDA*	-55,493	1,680,988	-297,498	-127,459	-942,979	3,552,633	3,182,915	3,538,454	3,364,971	1,605,511	564,270	620,595	442,716	146,890

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	55,762	1,495,726	1,511,117	1,119,547	545,919	426,528	470,656	445,864	4,233,827	4,056,182	4,099,875	4,196,473	4,443,967	4,391,049
Intangible Assets	0	0	0	0	0	62,128	0	0	0	27,104	54,205	81,306	108,407	135,507
Investments & Other	6,510,506	3,749,500	3,910,101	3,910,101	3,213,756	5,462,392	5,444,551	4,578,878	0	0	0	0	0	0
Debtors (Due After 1 year)	740,000	740,000	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	7,306,268	5,985,226	5,421,218	5,029,648	3,759,675	5,951,048	5,915,207	5,024,742	4,233,827	4,083,286	4,154,080	4,277,779	4,552,374	4,526,556
Stock & work in progress	0	0	0	0	0	0	0	0	142,285	502,720	847,814	284,041	130,152	327,272
Trade Debtors	12,323	3,010	20,600	17,290	93,264	5,998,953	5,730,011	5,036,650	5,709,145	4,243,981	5,371,317	3,072,023	3,163,567	1,936,387
Group Debtors	1,476,206	1,328,736	1,335,568	1,320,100	1,320,100	1	0	0	0	0	0	0	23,449	0
Misc Debtors	19,940	454,682	31,232	1,730,586	10,034	1,922,289	3,926,972	2,568,358	2,268,816	1,784,041	664,927	592,703	426,846	236,153
Cash	297,101	1,313,330	1,608,136	607,524	3,427,116	5,425,147	3,567,862	2,883,950	3,136,910	1,035,832	28,826	1,631,907	29,678	1,440
misc current assets	0	0	0	0	0	0	0	0	4,371	0	0	0	0	0
total current assets	1,805,570	3,099,758	2,995,536	3,675,500	4,850,514	13,346,390	13,224,845	10,488,958	11,261,527	7,566,574	6,912,884	5,580,674	3,773,692	2,501,252
total assets	9,111,838	9,084,984	8,416,754	8,705,148	8,610,189	19,297,438	19,140,052	15,513,700	15,495,354	11,649,860	11,066,964	9,858,453	8,326,066	7,027,808
Bank overdraft	0	0	0	0	0	0	0	0	0	0	519,999	0	603,360	1,628,626
Bank loan	0	0	0	0	0	0	145,669	170,225	177,558	177,558	151,947	151,950	125,163	78,052
Trade Creditors	16,975	10,997	30,138	9,397	13,226	5,128,555	7,111,297	6,849,079	6,902,080	5,347,969	4,923,804	4,128,407	1,994,114	1,049,091
Group/Directors Accounts	2,237	1,798	1,192	0	0	0	0	0	169,293	29,960	0	47,058	84,739	92,246
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	162,422	137,531	53,082	27,735	123,738	2,787,463	2,414,156	2,223,838	2,582,845	1,571,740	1,238,413	1,315,169	1,324,233	639,473
total current liabilities	181,634	150,326	84,412	37,132	136,964	7,916,018	9,671,122	9,243,142	9,831,776	7,127,227	6,834,163	5,642,584	4,131,609	3,487,488
loans	0	0	0	0	0	0	150,283	284,161	438,056	593,953	768,832	918,002	950,903	613,582
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	249,786	214,382	127,446	133,667	30,515	1,105,915	1,020,726	773,488	140,432	11,019	8,019	11,606	6,902	14,682
total long term liabilities	249,786	214,382	127,446	133,667	30,515	1,105,915	1,171,009	1,057,649	578,488	604,972	776,851	929,608	957,805	628,264
total liabilities	431,420	364,708	211,858	170,799	167,479	9,021,933	10,842,131	10,300,791	10,410,264	7,732,199	7,611,014	6,572,192	5,089,414	4,115,752
net assets	8,680,418	8,720,276	8,204,896	8,534,349	8,442,710	9,934,864	7,613,592	4,900,008	4,972,119	3,814,853	3,389,077	3,219,664	3,194,087	2,902,962
total shareholders funds	8,680,418	8,720,276	8,204,896	8,534,349	8,442,710	9,934,864	7,613,592	4,900,008	4,972,119	3,814,853	3,389,077	3,219,664	3,194,087	2,902,962

	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	-74,080	1,656,549	-330,561	-175,724	-942,979	3,420,551	3,057,938	3,431,016	3,279,413	1,551,213	502,543	554,417	373,353	64,887
Depreciation	18,587	24,439	33,063	48,265	0	132,082	124,977	107,438	85,558	27,197	34,626	39,077	42,262	54,902
Amortisation	0	0	0	0	0	0	0	0	0	27,101	27,101	27,101	27,101	27,101
Tax	0	-316,826	0	0	0	-718,310	-632,559	-707,894	-653,667	-263,888	-99,684	-126,209	-85,762	60,408
Stock	0	0	0	0	0	0	0	-142,285	-360,435	-345,094	563,773	153,889	-197,120	327,272
Debtors	-277,959	1,139,028	-1,680,576	1,644,578	-6,497,845	-1,735,740	2,051,975	-372,953	1,949,939	-8,222	2,371,518	50,864	1,441,322	2,172,540
Creditors	5,978	-19,141	20,741	-3,829	-5,115,329	-1,982,742	262,218	-53,001	1,554,111	424,165	795,397	2,134,293	945,023	1,049,091
Accruals and Deferred Income	24,891	84,449	25,347	-96,003	-2,663,725	373,307	190,318	-359,007	1,011,105	333,327	-76,756	-9,064	684,760	639,473
Deferred Taxes & Provisions	35,404	86,936	-6,221	103,152	-1,075,400	85,189	247,238	633,056	129,413	3,000	-3,587	4,704	-7,780	14,682
Cash flow from operations	288,739	377,378	1,422,945	-1,768,717	-3,299,588	3,045,817	1,198,155	3,566,846	3,816,429	2,455,431	-1,755,651	2,419,566	734,755	-589,268
Investing Activities
capital expenditure	1,421,377	-9,048	-424,633	-621,893	-57,263	-167,143	-626,240	-900,701	-241,741	-134,347	-114,254	-114,354	-27,806	-19,696
Change in Investments	2,761,006	-160,601	0	696,345	-2,248,636	17,841	865,673	4,578,878	0	0	0	0	0	0
cash flow from investments	-1,339,629	151,553	-424,633	-1,318,238	2,191,373	-184,984	-1,491,913	-5,479,579	-241,741	-134,347	-114,254	-114,354	-27,806	-19,696
Financing Activities
Bank loans	0	0	0	0	0	-145,669	-24,556	-7,333	0	25,611	-3	26,787	47,111	78,052
Group/Directors Accounts	439	606	1,192	0	0	0	0	-169,293	139,333	29,960	-47,058	-37,681	-7,507	92,246
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-150,283	-133,878	-153,895	-155,897	-174,879	-149,170	-32,901	337,321	613,582
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-835,299	0	265,346	-582,371	717,759	0	-267,792	-531,298	-281,744	-159,292	-304,211	97,535	3,365,363
interest	34,222	10,956	1,108	2,017	33,196	-6,898	-11,840	-10,828	-27,019	-32,870	-36,378	-36,170	-66,291	-50,332
cash flow from financing	34,661	-823,737	2,300	267,363	-549,175	414,909	-170,274	-609,141	-574,881	-433,922	-391,901	-384,176	408,169	4,098,911
cash and cash equivalents
cash	-1,016,229	-294,806	1,000,612	-2,819,592	-1,998,031	1,857,285	683,912	-252,960	2,101,078	1,007,006	-1,603,081	1,602,229	28,238	1,440
overdraft	0	0	0	0	0	0	0	0	0	-519,999	519,999	-603,360	-1,025,266	1,628,626
change in cash	-1,016,229	-294,806	1,000,612	-2,819,592	-1,998,031	1,857,285	683,912	-252,960	2,101,078	1,527,005	-2,123,080	2,205,589	1,053,504	-1,627,186

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VIRTU INVESTMENTS LTD group structure

Virtu Investments Ltd has 2 subsidiary companies.

Ultimate parent company

VIRTU HOLDINGS LIMITED

11360594

1 parent

VIRTU INVESTMENTS LTD

01301571

2 subsidiaries

VIRTU LETTINGS LTD

10171751

VIRTU SERVICES LIMITED

05593538

VIRTU INVESTMENTS LTD Shareholders

virtu holdings limited

100%

Virtu Investments Ltd currently has 2 directors. The longest serving directors include Mr Andrew Hart (Dec 1993) and Mr Lee Paris (Mar 2022).

officer	country	age	start	end	role
Mr Andrew Hart	United Kingdom	53 years	Dec 1993	-	Director
Mr Lee Paris		65 years	Mar 2022	-	Director

P&L

March 2023

turnover

104.1k

+15%

operating profit

-74.1k

gross margin

51.1%

-2.12%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

8.7m

total assets

9.1m

cash

297.1k

-0.77%

net assets

Total assets minus all liabilities

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company number

01301571

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

43220 - Plumbing, heat and air-conditioning installation

incorporation date

March 1977

age

accounts

Total Exemption Full

ultimate parent company

VIRTU HOLDINGS LIMITED

previous names

fileturn holdings limited (November 2018)

fileturn limited (March 2002)

incorporated

address

russell house 140 high st, edgware, middlesex, HA8 7LW

last accounts submitted

March 2023

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 18 charges/mortgages relating to virtu investments ltd. Currently there are 0 open charges and 18 have been satisfied in the past.

virtu investments ltd Company Information

virtu investments ltd Estimated Valuation

virtu investments ltd Estimated Valuation

virtu investments ltd Estimated Valuation

Virtu Investments Ltd Overview

Virtu Investments Ltd Health Check

VIRTU INVESTMENTS LTD financials

virtu investments ltd Credit Report and Business Information

Virtu Investments Ltd Competitor Analysis

virtu investments ltd Ownership

virtu investments ltd directors

virtu investments ltd company details

virtu investments ltd Charges & Mortgages

virtu investments ltd Companies House Filings - See Documents