Citibid Securities Limited

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citibid securities limited Company Information

Company Number

02194992

Next Accounts

30 days late

Directors

Susan Walker

Shareholders

susan lydia walker

malcom lionel slaughter

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Group Structure

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Industry

Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.

Registered Address

73 cornhill, london, EC3V 3QQ

Website

citibid securities limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of CITIBID SECURITIES LIMITED at £1.9m based on a Turnover of £1.3m and 1.41x industry multiple (adjusted for size and gross margin).

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Citibid Securities Limited is a live company located in london, EC3V 3QQ with a Companies House number of 02194992. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in November 1987, it's largest shareholder is susan lydia walker with a 65.6% stake. Citibid Securities Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.

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Pomanda's financial health check has awarded Citibid Securities Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

4 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (3.4%)

EXPORT

Citibid Securities Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of -£84.4 thousand. According to their latest financial statements, we estimate that Citibid Securities Limited has 4 employees and maintains cash reserves of 0 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	1,310,537	217,251	99,301	826,238	444,786	480,939	906,223	2,127,462	2,682,461	7,298,526	4,323,396	2,475,785	1,928,551	2,135,073
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	445,813	61,601	29,401	254,064	132,063	117,220	257,433	621,751	702,841	2,656,691	1,387,304	592,656	647,004	538,091
Gross Profit	864,724	155,650	69,900	572,174	312,723	363,719	648,790	1,505,711	1,979,620	4,641,835	2,936,092	1,883,130	1,281,547	1,596,981
Admin Expenses	916,627	169,768	119,279	675,779	411,049	456,662	671,505	1,534,713	1,914,023	4,836,269	3,011,471	1,840,556	1,279,188	1,292,713
Operating Profit	-51,903	-14,118	-49,379	-103,605	-98,326	-92,943	-22,715	-29,002	65,597	-194,434	-75,379	42,574	2,359	304,268
Interest Payable	9,687	3,751	187	0	0	0	1	1	0	0	0	0	0	0
Interest Receivable	0	486	148	227	1,245	141	139	325	510	768	1,207	995	453	329
Pre-Tax Profit	-61,590	-17,383	-49,418	-103,378	-97,081	-92,803	-22,577	-28,677	66,108	-193,666	-74,172	43,569	2,811	304,597
Tax	0	0	0	0	0	0	0	0	-13,883	0	0	-11,328	-787	-85,287
Profit After Tax	-61,590	-17,383	-49,418	-103,378	-97,081	-92,803	-22,577	-28,677	52,225	-193,666	-74,172	32,241	2,024	219,310
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-61,590	-17,383	-49,418	-103,378	-97,081	-92,803	-22,577	-28,677	52,225	-193,666	-74,172	32,241	2,024	219,310
Employee Costs	242,161	60,017	56,970	52,388	49,926	45,725	49,090	282,121	441,600	1,207,150	939,224	479,815	307,876	377,528
Number Of Employees	4	1	1	1	1	1	1	8	12	34	23	13	10	12
EBITDA*	-51,903	-14,118	-49,379	-103,605	-98,326	-92,943	-22,715	-29,002	65,597	-194,434	-75,379	42,574	2,359	304,268

* 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	156,917	0	0	0	0	0	0	0	0	58,070	0	0	108,900	108,900
Trade Debtors	0	0	0	1,089,578	736,920	817,013	1,017,296	1,178,721	1,144,586	1,811,960	1,976,560	1,629,159	1,960,403	2,204,131
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,451,180	1,561,324	1,314,785	308,545	248,004	291,461	221,179	0	0	0	0	0	0	0
Cash	0	0	129,646	165,869	288,033	43,969	12,291	98,983	31,099	172,941	134,318	348,478	49,502	131,531
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,608,097	1,561,324	1,444,431	1,563,992	1,272,957	1,152,443	1,250,766	1,277,704	1,175,685	2,042,971	2,110,878	1,977,637	2,118,805	2,444,562
total assets	1,608,097	1,561,324	1,444,431	1,563,992	1,272,957	1,152,443	1,250,766	1,277,704	1,175,685	2,042,971	2,110,878	1,977,637	2,118,805	2,444,562
Bank overdraft	81,358	101,060	0	0	0	0	9	20	0	0	0	0	0	0
Bank loan	0	0	959	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	148,546	48,692	21,442	611,470	432,291	251,101	349,121	325,636	787,223	1,706,734	1,580,975	1,373,562	1,546,971	1,874,752
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	1,459,986	1,430,486	1,422,322	908,576	693,342	656,937	564,428	592,263	0	0	0	0	0	0
total current liabilities	1,689,890	1,580,238	1,444,723	1,520,046	1,125,633	908,038	913,558	917,919	787,223	1,706,734	1,580,975	1,373,562	1,546,971	1,874,752
loans	2,652	3,941	5,180	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
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,652	3,941	5,180	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,692,542	1,584,179	1,449,903	1,520,046	1,125,633	908,038	913,558	917,919	787,223	1,706,734	1,580,975	1,373,562	1,546,971	1,874,752
net assets	-84,445	-22,855	-5,472	43,946	147,324	244,405	337,208	359,785	388,462	336,237	529,903	604,075	571,834	569,810
total shareholders funds	-84,445	-22,855	-5,472	43,946	147,324	244,405	337,208	359,785	388,462	336,237	529,903	604,075	571,834	569,810

	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	-51,903	-14,118	-49,379	-103,605	-98,326	-92,943	-22,715	-29,002	65,597	-194,434	-75,379	42,574	2,359	304,268
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	-13,883	0	0	-11,328	-787	-85,287
Stock	156,917	0	0	0	0	0	0	0	-58,070	58,070	0	-108,900	0	108,900
Debtors	-110,144	246,539	-83,338	413,199	-123,550	-130,001	59,754	34,135	-667,374	-164,600	347,401	-331,244	-243,728	2,204,131
Creditors	99,854	27,250	-590,028	179,179	181,190	-98,020	23,485	-461,587	-919,511	125,759	207,413	-173,409	-327,781	1,874,752
Accruals and Deferred Income	29,500	8,164	513,746	215,234	36,405	92,509	-27,835	592,263	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	30,678	-225,243	-42,323	-122,391	242,819	31,547	-86,819	67,539	-142,353	37,855	-215,367	297,981	-82,481	-219,298
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	-959	959	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-1,289	-1,239	5,180	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	350,500
interest	-9,687	-3,265	-39	227	1,245	141	138	324	510	768	1,207	995	453	329
cash flow from financing	-10,976	-5,463	6,100	227	1,245	141	138	324	510	768	1,207	995	453	350,829
cash and cash equivalents
cash	0	-129,646	-36,223	-122,164	244,064	31,678	-86,692	67,884	-141,842	38,623	-214,160	298,976	-82,029	131,531
overdraft	-19,702	101,060	0	0	0	-9	-11	20	0	0	0	0	0	0
change in cash	19,702	-230,706	-36,223	-122,164	244,064	31,687	-86,681	67,864	-141,842	38,623	-214,160	298,976	-82,029	131,531

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CITIBID SECURITIES LIMITED group structure

Citibid Securities Limited has no subsidiary companies.

Ultimate parent company

CITIBID SECURITIES LIMITED

02194992

CITIBID SECURITIES LIMITED Shareholders

susan lydia walker	65.62%
malcom lionel slaughter	21.4%
mrs june slaughter	7.13%
jeanette gabrielle henderson	5.85%

Citibid Securities Limited currently has 1 director, Mrs Susan Walker serving since Oct 2009.

officer	country	age	start	end	role
Mrs Susan Walker	England	76 years	Oct 2009	-	Director

P&L

March 2023

turnover

1.3m

+503%

operating profit

-51.9k

gross margin

66%

-7.9%

turnover

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

Balance Sheet

March 2023

net assets

-84.4k

+2.69%

total assets

1.6m

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

02194992

Type

Private limited with Share Capital

industry

64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.

incorporation date

November 1987

ultimate parent company

None

previous names

citybid public limited company (March 1988)

address

73 cornhill, london, EC3V 3QQ

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 3 charges/mortgages relating to citibid securities limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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citibid securities limited Company Information

citibid securities limited Estimated Valuation

citibid securities limited Estimated Valuation

citibid securities limited Estimated Valuation

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CITIBID SECURITIES LIMITED financials

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