ninth seat limited

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ninth seat limited Company Information

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Company Number

01899340

Registered Address

1st floor, county house, 100 new london road, chelmsford, essex, CM2 0RG

Industry

Market research and public opinion polling

 

Telephone

02078377700

Next Accounts Due

January 2025

Group Structure

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Directors

Katrina Copsey9 Years

Timothy Gowing8 Years

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Shareholders

ninth seat group limited 100%

ninth seat limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of NINTH SEAT LIMITED at £2.2m based on a Turnover of £4.6m and 0.48x industry multiple (adjusted for size and gross margin).

ninth seat limited Estimated Valuation

£0

Pomanda estimates the enterprise value of NINTH SEAT LIMITED at £0 based on an EBITDA of £-127k and a 3.39x industry multiple (adjusted for size and gross margin).

ninth seat limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of NINTH SEAT LIMITED at £1.9m based on Net Assets of £887.8k and 2.11x industry multiple (adjusted for liquidity).

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Ninth Seat Limited Overview

Ninth Seat Limited is a live company located in chelmsford, CM2 0RG with a Companies House number of 01899340. It operates in the market research and public opinion polling sector, SIC Code 73200. Founded in March 1985, it's largest shareholder is ninth seat group limited with a 100% stake. Ninth Seat Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Ninth Seat Limited Health Check

Pomanda's financial health check has awarded Ninth Seat Limited a 4 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 Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £4.6m, make it smaller than the average company (£9.2m)

£4.6m - Ninth Seat Limited

£9.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.1%)

8% - Ninth Seat Limited

5.1% - Industry AVG

production

Production

with a gross margin of 59.3%, this company has a comparable cost of product (59.3%)

59.3% - Ninth Seat Limited

59.3% - Industry AVG

profitability

Profitability

an operating margin of -3.4% make it less profitable than the average company (6.7%)

-3.4% - Ninth Seat Limited

6.7% - Industry AVG

employees

Employees

with 29 employees, this is below the industry average (57)

29 - Ninth Seat Limited

57 - Industry AVG

paystructure

Pay Structure

on an average salary of £62.4k, the company has an equivalent pay structure (£62.4k)

£62.4k - Ninth Seat Limited

£62.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £160k, this is more efficient (£133.8k)

£160k - Ninth Seat Limited

£133.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 90 days, this is later than average (70 days)

90 days - Ninth Seat Limited

70 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 19 days, this is quicker than average (39 days)

19 days - Ninth Seat Limited

39 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ninth Seat Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (17 weeks)

27 weeks - Ninth Seat Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.2%, this is a similar level of debt than the average (57.9%)

55.2% - Ninth Seat Limited

57.9% - Industry AVG

NINTH SEAT LIMITED financials

EXPORTms excel logo

Ninth Seat Limited's latest turnover from April 2023 is estimated at £4.6 million and the company has net assets of £887.8 thousand. According to their latest financial statements, Ninth Seat Limited has 29 employees and maintains cash reserves of £568.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover4,639,8744,166,7194,298,2953,635,8984,015,4613,547,1813,796,8883,328,5064,163,3965,801,5778,316,9717,517,2628,121,4265,694,304
Other Income Or Grants00000000000000
Cost Of Sales1,888,0081,498,2051,690,2351,489,4081,597,5891,463,0551,594,1211,379,6771,738,9852,505,7033,851,0553,005,0223,520,5712,486,846
Gross Profit2,751,8662,668,5142,608,0602,146,4902,417,8732,084,1262,202,7671,948,8292,424,4113,295,8744,465,9164,512,2394,600,8553,207,458
Admin Expenses2,909,2532,415,6672,187,4722,521,0212,440,0891,868,1892,315,7053,207,3912,441,2653,158,1654,319,6874,201,7344,309,6501,426,222
Operating Profit-157,387252,847420,588-374,531-22,216215,937-112,938-1,258,562-16,854137,709146,229310,505291,2051,781,236
Interest Payable00000000000000
Interest Receivable31,5875,9744744674,9702,1008315,3978,0006,9445,7865,6456,0893,112
Pre-Tax Profit-125,800258,821421,062-374,064-17,246218,037-112,107-1,253,165-8,854144,653152,016316,150297,2951,784,349
Tax0-49,176-80,00200-41,427000-30,377-34,964-75,876-77,297-499,618
Profit After Tax-125,800209,645341,060-374,064-17,246176,610-112,107-1,253,165-8,854114,276117,052240,274219,9981,284,731
Dividends Paid00000000000000
Retained Profit-125,800209,645341,060-374,064-17,246176,610-112,107-1,253,165-8,854114,276117,052240,274219,9981,284,731
Employee Costs1,810,0232,094,9631,799,7981,586,5271,549,3851,704,3061,607,6071,386,7411,782,8482,413,7103,561,3443,014,6373,070,5842,008,289
Number Of Employees2937322828333027344570596242
EBITDA*-126,967290,299458,264-336,7472,891265,650-73,090-1,215,89537,924197,890208,899376,276353,3371,840,050

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets38,54423,03551,98473,37679,27527,26568,33799,59687,82698,687140,098160,153172,017154,495
Intangible Assets00000000000000
Investments & Other00102102102102102102102102102102102102
Debtors (Due After 1 year)00000000000000
Total Fixed Assets38,54423,03552,08673,47879,37727,36768,43999,69887,92898,789140,200160,255172,119154,597
Stock & work in progress00000000000000
Trade Debtors1,146,796796,1531,002,320714,924914,832691,285840,652722,129846,4001,123,7311,488,4401,490,7681,487,0891,014,470
Group Debtors24,81923,84323,83022,33014,530014,5053,475000000
Misc Debtors203,528304,793217,989151,520145,654327,782229,112168,645000000
Cash568,737917,712675,254273,088661,195664,168175,949488,9731,669,9441,530,1851,247,3791,067,1421,190,7951,244,853
misc current assets00000000000000
total current assets1,943,8802,042,5011,919,3931,161,8621,736,2111,683,2351,260,2181,383,2222,516,3442,653,9162,735,8192,557,9102,677,8842,259,323
total assets1,982,4242,065,5361,971,4791,235,3401,815,5881,710,6021,328,6571,482,9202,604,2722,752,7052,876,0192,718,1652,850,0032,413,920
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 102,289110,929134,893166,127231,863142,427134,656187,722550,002688,768917,070872,7831,248,4431,039,829
Group/Directors Accounts00000022000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities984,167937,0461,024,418594,412735,516712,057507,580490,622000000
total current liabilities1,086,4561,047,9751,159,311760,539967,379854,484642,238678,346550,002688,768917,070872,7831,248,4431,039,829
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions8,1373,9308,18211,87511,2191,8828,79314,84111,37212,18521,47324,95821,41014,052
total long term liabilities8,1373,9308,18211,87511,2191,8828,79314,84111,37212,18521,47324,95821,41014,052
total liabilities1,094,5931,051,9051,167,493772,414978,598856,366651,031693,187561,374700,953938,543897,7411,269,8531,053,881
net assets887,8311,013,631803,986462,926836,990854,236677,626789,7332,042,8982,051,7521,937,4761,820,4241,580,1501,360,039
total shareholders funds887,8311,013,631803,986462,926836,990854,236677,626789,7332,042,8982,051,7521,937,4761,820,4241,580,1501,360,039
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-157,387252,847420,588-374,531-22,216215,937-112,938-1,258,562-16,854137,709146,229310,505291,2051,781,236
Depreciation30,42037,45237,67637,78425,10749,71339,84842,66754,77860,18162,67065,77162,13258,814
Amortisation00000000000000
Tax0-49,176-80,00200-41,427000-30,377-34,964-75,876-77,297-499,618
Stock00000000000000
Debtors250,354-119,350355,365-186,24255,949-65,202190,02047,849-277,331-364,709-2,3283,679472,6191,014,470
Creditors-8,640-23,964-31,234-65,73689,4367,771-53,066-362,280-138,766-228,30244,287-375,660208,6141,039,829
Accruals and Deferred Income47,121-87,372430,006-141,10423,459204,47716,958490,622000000
Deferred Taxes & Provisions4,207-4,252-3,6936569,337-6,911-6,0483,469-813-9,288-3,4853,5487,35814,052
Cash flow from operations-334,633244,885417,976-356,68969,174494,762-305,266-1,131,933175,676294,632217,065-75,39119,3931,379,843
Investing Activities
capital expenditure-45,929-8,503-16,284-31,885-77,117-8,641-8,589-54,437-43,917-18,770-42,615-53,907-79,654-213,309
Change in Investments0-10200000000000102
cash flow from investments-45,929-8,401-16,284-31,885-77,117-8,641-8,589-54,437-43,917-18,770-42,615-53,907-79,654-213,411
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000-202000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000000000011375,308
interest31,5875,9744744674,9702,1008315,3978,0006,9445,7865,6456,0893,112
cash flow from financing31,5875,9744744674,9702,0988315,3998,0006,9445,7865,6456,20278,420
cash and cash equivalents
cash-348,975242,458402,166-388,107-2,973488,219-313,024-1,180,971139,759282,806180,237-123,653-54,0581,244,853
overdraft00000000000000
change in cash-348,975242,458402,166-388,107-2,973488,219-313,024-1,180,971139,759282,806180,237-123,653-54,0581,244,853

ninth seat limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ninth Seat Limited Competitor Analysis

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ninth seat limited Ownership

NINTH SEAT LIMITED group structure

Ninth Seat Limited has 2 subsidiary companies.

Ultimate parent company

1 parent

NINTH SEAT LIMITED

01899340

2 subsidiaries

NINTH SEAT LIMITED Shareholders

ninth seat group limited 100%

ninth seat limited directors

Ninth Seat Limited currently has 3 directors. The longest serving directors include Ms Katrina Copsey (Aug 2014) and Mr Timothy Gowing (Sep 2015).

officercountryagestartendrole
Ms Katrina CopseyUnited Kingdom40 years Aug 2014- Director
Mr Timothy GowingUnited Kingdom42 years Sep 2015- Director
Mr Steven BrownUnited Kingdom71 years Apr 2018- Director

P&L

April 2023

turnover

4.6m

+11%

operating profit

-157.4k

0%

gross margin

59.4%

-7.39%

turnover

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

Balance Sheet

April 2023

net assets

887.8k

-0.12%

total assets

2m

-0.04%

cash

568.7k

-0.38%

net assets

Total assets minus all liabilities

ninth seat limited company details

company number

01899340

Type

Private limited with Share Capital

industry

73200 - Market research and public opinion polling

incorporation date

March 1985

age

39

accounts

Total Exemption Full

ultimate parent company

previous names

research & development services limited (September 2022)

twirlmews limited (April 1985)

incorporated

UK

address

1st floor, county house, 100 new london road, chelmsford, essex, CM2 0RG

last accounts submitted

April 2023

ninth seat 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 ninth seat limited. Currently there are 0 open charges and 4 have been satisfied in the past.

charges

ninth seat limited Companies House Filings - See Documents

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