verelogic limited
verelogic limited Company Information
Company Number
02328888
Website
www.verelogic.comRegistered Address
gloucester house, county park, shrivenham road, swindon wiltshire, SN1 2NR
Industry
Computer consultancy activities
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
01793513844
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
kevin metcalfe 53.8%
marcus khoo 46.2%
verelogic limited Estimated Valuation
Pomanda estimates the enterprise value of VERELOGIC LIMITED at £626.7k based on a Turnover of £1.4m and 0.44x industry multiple (adjusted for size and gross margin).
verelogic limited Estimated Valuation
Pomanda estimates the enterprise value of VERELOGIC LIMITED at £0 based on an EBITDA of £-61.4k and a 4.04x industry multiple (adjusted for size and gross margin).
verelogic limited Estimated Valuation
Pomanda estimates the enterprise value of VERELOGIC LIMITED at £444.5k based on Net Assets of £230.2k and 1.93x industry multiple (adjusted for liquidity).
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Verelogic Limited Overview
Verelogic Limited is a live company located in shrivenham road, SN1 2NR with a Companies House number of 02328888. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in December 1988, it's largest shareholder is kevin metcalfe with a 53.8% stake. Verelogic Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Verelogic Limited Health Check
Pomanda's financial health check has awarded Verelogic Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
5 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£6.3m)
- Verelogic Limited
£6.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (7.2%)
- Verelogic Limited
7.2% - Industry AVG
Production
with a gross margin of 35.3%, this company has a comparable cost of product (35.3%)
- Verelogic Limited
35.3% - Industry AVG
Profitability
an operating margin of -4.6% make it less profitable than the average company (5.3%)
- Verelogic Limited
5.3% - Industry AVG
Employees
with 12 employees, this is below the industry average (29)
12 - Verelogic Limited
29 - Industry AVG
Pay Structure
on an average salary of £58.5k, the company has an equivalent pay structure (£58.5k)
- Verelogic Limited
£58.5k - Industry AVG
Efficiency
resulting in sales per employee of £119.7k, this is less efficient (£162.4k)
- Verelogic Limited
£162.4k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (53 days)
- Verelogic Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is close to average (18 days)
- Verelogic Limited
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Verelogic Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (14 weeks)
40 weeks - Verelogic Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.2%, this is a similar level of debt than the average (62.1%)
58.2% - Verelogic Limited
62.1% - Industry AVG
VERELOGIC LIMITED financials
Verelogic Limited's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of £230.2 thousand. According to their latest financial statements, Verelogic Limited has 12 employees and maintains cash reserves of £219.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,665,294 | 1,777,324 | |||||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 746,312 | 741,432 | |||||||||||||
| Gross Profit | 918,982 | 1,035,892 | |||||||||||||
| Admin Expenses | 1,113,108 | 1,116,514 | |||||||||||||
| Operating Profit | -194,126 | -80,622 | |||||||||||||
| Interest Payable | 517 | 817 | |||||||||||||
| Interest Receivable | 3,047 | 5,085 | |||||||||||||
| Pre-Tax Profit | -191,596 | -76,354 | |||||||||||||
| Tax | 37,065 | 21,719 | |||||||||||||
| Profit After Tax | -154,531 | -54,635 | |||||||||||||
| Dividends Paid | 0 | 46,000 | |||||||||||||
| Retained Profit | -154,531 | -100,635 | |||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 12 | 14 | 15 | 15 | 16 | 16 | 19 | 20 | |||||||
| EBITDA* | -169,011 | -49,042 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,797 | 8,077 | 13,949 | 9,555 | 6,502 | 6,436 | 9,907 | 15,895 | 17,402 | 20,559 | 33,069 | 35,500 | 29,041 | 20,463 | 41,929 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,212 | 16,848 | 29,484 | 42,120 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 4,200 | 4,200 | 4,200 | 4,200 | 4,200 | 7,796 | 59,621 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,997 | 12,277 | 18,149 | 13,755 | 10,702 | 14,232 | 69,528 | 15,895 | 17,402 | 20,559 | 33,069 | 39,712 | 45,889 | 49,947 | 84,049 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 213,479 | 268,113 | 402,693 | 405,449 | 605,151 | 903,890 | 413,803 | 685,849 | 671,480 | 665,237 | 1,064,475 | 532,600 | 648,746 | 432,646 | 275,969 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 105,431 | 55,458 | 64,427 | 87,070 | 121,324 | 28,595 | 94,610 | 65,770 | 43,107 | 11,500 | 0 | 0 | 0 | 54,255 | 35,350 |
| Cash | 219,227 | 186,145 | 296,344 | 564,306 | 272,652 | 170,263 | 65,470 | 236,438 | 228,505 | 353,560 | 482,020 | 1,291,910 | 512,997 | 366,542 | 776,419 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 538,137 | 509,716 | 763,464 | 1,056,825 | 999,127 | 1,102,748 | 573,883 | 988,057 | 943,092 | 1,030,297 | 1,546,495 | 1,824,510 | 1,161,743 | 853,443 | 1,087,738 |
| total assets | 550,134 | 521,993 | 781,613 | 1,070,580 | 1,009,829 | 1,116,980 | 643,411 | 1,003,952 | 960,494 | 1,050,856 | 1,579,564 | 1,864,222 | 1,207,632 | 903,390 | 1,171,787 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 42,391 | 53,212 | 61,123 | 47,070 | 73,600 | 105,069 | 38,109 | 197,271 | 211,266 | 606,178 | 894,767 | 995,100 | 758,455 | 197,826 | 64,351 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 2,481 | 4,865 | 4,463 | 957 | 647 | 1,732 | 2,880 | 2,579 | 792 | 0 | 0 | 0 | 0 | 720 | 5,718 |
| other current liabilities | 239,095 | 139,140 | 336,807 | 548,883 | 409,375 | 460,722 | 251,646 | 362,750 | 399,342 | 0 | 0 | 0 | 0 | 383,929 | 571,030 |
| total current liabilities | 283,967 | 197,217 | 402,393 | 596,910 | 483,622 | 567,523 | 292,635 | 562,600 | 611,400 | 606,178 | 894,767 | 995,100 | 758,455 | 582,475 | 641,099 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 934 | 3,440 | 8,305 | 4,251 | 0 | 618 | 2,425 | 5,372 | 4,007 | 0 | 0 | 0 | 0 | 2,532 | 0 |
| Accruals and Deferred Income | 0 | 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 | 735 | 6,786 | 12,342 | 0 | 0 |
| provisions | 35,000 | 34,416 | 33,417 | 32,417 | 31,417 | 30,417 | 26,500 | 20,500 | 14,500 | 8,500 | 2,500 | 0 | 0 | 0 | 3,342 |
| total long term liabilities | 35,934 | 37,856 | 41,722 | 36,668 | 31,417 | 31,035 | 28,925 | 25,872 | 18,507 | 8,500 | 3,235 | 6,786 | 12,342 | 2,532 | 3,342 |
| total liabilities | 319,901 | 235,073 | 444,115 | 633,578 | 515,039 | 598,558 | 321,560 | 588,472 | 629,907 | 614,678 | 898,002 | 1,001,886 | 770,797 | 585,007 | 644,441 |
| net assets | 230,233 | 286,920 | 337,498 | 437,002 | 494,790 | 518,422 | 321,851 | 415,480 | 330,587 | 436,178 | 681,562 | 862,336 | 436,835 | 318,383 | 527,346 |
| total shareholders funds | 230,233 | 286,920 | 337,498 | 437,002 | 494,790 | 518,422 | 321,851 | 415,480 | 330,587 | 436,178 | 681,562 | 862,336 | 436,835 | 318,383 | 527,346 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -194,126 | -80,622 | |||||||||||||
| Depreciation | 5,467 | 5,458 | 6,229 | 3,413 | 4,720 | 6,462 | 9,043 | 9,697 | 12,796 | 16,774 | 18,483 | 13,766 | 13,714 | 12,479 | 18,944 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,212 | 12,636 | 12,636 | 12,636 | 12,636 |
| Tax | 37,065 | 21,719 | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,661 | -143,549 | -25,399 | -233,956 | -209,606 | 372,247 | -183,585 | 37,032 | 37,850 | -387,738 | 531,875 | -116,146 | 161,845 | 175,582 | 311,319 |
| Creditors | -10,821 | -7,911 | 14,053 | -26,530 | -31,469 | 66,960 | -159,162 | -13,995 | -394,912 | -288,589 | -100,333 | 236,645 | 560,629 | 133,475 | 64,351 |
| Accruals and Deferred Income | 99,955 | -197,667 | -212,076 | 139,508 | -51,347 | 209,076 | -111,104 | -36,592 | 399,342 | 0 | 0 | 0 | -383,929 | -187,101 | 571,030 |
| Deferred Taxes & Provisions | 584 | 999 | 1,000 | 1,000 | 1,000 | 3,917 | 6,000 | 6,000 | 6,000 | 6,000 | 2,500 | 0 | 0 | -3,342 | 3,342 |
| Cash flow from operations | -364,496 | 300,081 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -4,890 | -4,463 | 7,560 | 4,561 | -1,703 | -2,955 | -2,646 | 3,152 | 4,799 | 0 | 0 | 0 | -3,252 | -2,466 | 5,718 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -735 | -6,051 | -5,556 | 12,342 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 2,530 | 4,268 | |||||||||||||
| cash flow from financing | -54,368 | 637,967 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 33,082 | -110,199 | -267,962 | 291,654 | 102,389 | 104,793 | -170,968 | 7,933 | -125,055 | -128,460 | -809,890 | 778,913 | 146,455 | -409,877 | 776,419 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 33,082 | -110,199 | -267,962 | 291,654 | 102,389 | 104,793 | -170,968 | 7,933 | -125,055 | -128,460 | -809,890 | 778,913 | 146,455 | -409,877 | 776,419 |
verelogic limited Credit Report and Business Information
Verelogic Limited Competitor Analysis
Perform a competitor analysis for verelogic limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SN1 area or any other competitors across 12 key performance metrics.
verelogic limited Ownership
VERELOGIC LIMITED group structure
Verelogic Limited has no subsidiary companies.
Ultimate parent company
VERELOGIC LIMITED
02328888
verelogic limited directors
Verelogic Limited currently has 2 directors. The longest serving directors include Mr Marcus Khoo (Dec 1991) and Mr Kevin Metcalfe (Nov 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marcus Khoo | 64 years | Dec 1991 | - | Director | |
| Mr Kevin Metcalfe | 50 years | Nov 2010 | - | Director |
P&L
December 2023turnover
1.4m
-14%
operating profit
-66.8k
0%
gross margin
35.3%
-3.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
230.2k
-0.2%
total assets
550.1k
+0.05%
cash
219.2k
+0.18%
net assets
Total assets minus all liabilities
verelogic limited company details
company number
02328888
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
December 1988
age
36
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
infosys limited (August 2012)
accountant
MORRIS OWEN
auditor
-
address
gloucester house, county park, shrivenham road, swindon wiltshire, SN1 2NR
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
verelogic 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 3 charges/mortgages relating to verelogic limited. Currently there are 1 open charges and 2 have been satisfied in the past.
verelogic limited Companies House Filings - See Documents
| date | description | view/download |
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