city equities limited
city equities limited Company Information
Company Number
02742847
Next Accounts
3885 days late
Shareholders
otterswick uk ltd
mark leslie rudland
View AllGroup Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
quadrant house, 4 thomas more square, london, E1W 1YW
Website
www.cityequities.comcity equities limited Estimated Valuation
Pomanda estimates the enterprise value of CITY EQUITIES LIMITED at £10.1m based on a Turnover of £10.8m and 0.94x industry multiple (adjusted for size and gross margin).
city equities limited Estimated Valuation
Pomanda estimates the enterprise value of CITY EQUITIES LIMITED at £0 based on an EBITDA of £-1.1m and a 3.24x industry multiple (adjusted for size and gross margin).
city equities limited Estimated Valuation
Pomanda estimates the enterprise value of CITY EQUITIES LIMITED at £1.5m based on Net Assets of £1.1m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
City Equities Limited Overview
City Equities Limited is a live company located in london, E1W 1YW with a Companies House number of 02742847. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 1992, it's largest shareholder is otterswick uk ltd with a 99.8% stake. City Equities Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.8m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
City Equities Limited Health Check
Pomanda's financial health check has awarded City Equities Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £10.8m, make it larger than the average company (£2.7m)
£10.8m - City Equities Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (2.8%)
-16% - City Equities Limited
2.8% - Industry AVG
Production
with a gross margin of 11.1%, this company has a higher cost of product (58.7%)
11.1% - City Equities Limited
58.7% - Industry AVG
Profitability
an operating margin of -10.8% make it less profitable than the average company (10.7%)
-10.8% - City Equities Limited
10.7% - Industry AVG
Employees
with 18 employees, this is similar to the industry average (17)
18 - City Equities Limited
17 - Industry AVG
Pay Structure
on an average salary of £78.9k, the company has a higher pay structure (£57.1k)
£78.9k - City Equities Limited
£57.1k - Industry AVG
Efficiency
resulting in sales per employee of £598.3k, this is more efficient (£209.1k)
£598.3k - City Equities Limited
£209.1k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (39 days)
15 days - City Equities Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (47 days)
21 days - City Equities Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - City Equities Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (34 weeks)
3 weeks - City Equities Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.6%, this is a lower level of debt than the average (61%)
52.6% - City Equities Limited
61% - Industry AVG
CITY EQUITIES LIMITED financials
City Equities Limited's latest turnover from November 2012 is £10.8 million and the company has net assets of £1.1 million. According to their latest financial statements, City Equities Limited has 18 employees and maintains cash reserves of £85.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|
| Turnover | 10,770,137 | 19,597,405 | 17,723,600 | 18,181,766 |
| Other Income Or Grants | ||||
| Cost Of Sales | 9,578,584 | 16,935,094 | 15,403,094 | 15,398,331 |
| Gross Profit | 1,191,553 | 2,662,311 | 2,320,506 | 2,783,435 |
| Admin Expenses | 2,356,450 | 3,211,114 | 2,962,221 | 2,931,903 |
| Operating Profit | -1,164,897 | -548,803 | -641,715 | -148,468 |
| Interest Payable | 4,782 | 4,837 | 2,078 | 2,086 |
| Interest Receivable | 196 | 582 | 690 | 1,884 |
| Pre-Tax Profit | -1,169,483 | -553,058 | -643,103 | -148,670 |
| Tax | -312,749 | 10,330 | -7,518 | -70,479 |
| Profit After Tax | -1,482,232 | -542,728 | -650,621 | -219,149 |
| Dividends Paid | 13,334 | |||
| Retained Profit | -1,482,232 | -542,728 | -650,621 | -232,483 |
| Employee Costs | 1,419,541 | 1,953,752 | 2,078,405 | 2,691,117 |
| Number Of Employees | 18 | 36 | 40 | 48 |
| EBITDA* | -1,134,868 | -487,228 | -535,576 | -53,938 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|
| Tangible Assets | 73,143 | 101,750 | 266,458 | 359,027 |
| Intangible Assets | ||||
| Investments & Other | 1,291,128 | 101 | 100 | 100 |
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 1,364,271 | 101,851 | 266,558 | 359,127 |
| Stock & work in progress | ||||
| Trade Debtors | 455,095 | 653,472 | 1,538,350 | 1,104,827 |
| Group Debtors | ||||
| Misc Debtors | 418,841 | 860,278 | 964,654 | 741,956 |
| Cash | 85,343 | 95,806 | 699,326 | 873,261 |
| misc current assets | 25,726 | 132,778 | 486,600 | |
| total current assets | 985,005 | 1,742,334 | 3,688,930 | 2,720,044 |
| total assets | 2,349,276 | 1,844,185 | 3,955,488 | 3,079,171 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 570,587 | 838,776 | 2,438,500 | 1,114,136 |
| Group/Directors Accounts | 101 | 100 | 100 | 100 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 664,883 | 701,933 | 670,784 | 468,210 |
| total current liabilities | 1,235,571 | 1,540,809 | 3,109,384 | 1,582,446 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 1,235,571 | 1,540,809 | 3,109,384 | 1,582,446 |
| net assets | 1,113,705 | 303,376 | 846,104 | 1,496,725 |
| total shareholders funds | 1,113,705 | 303,376 | 846,104 | 1,496,725 |
| Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -1,164,897 | -548,803 | -641,715 | -148,468 |
| Depreciation | 30,029 | 61,575 | 106,139 | 94,530 |
| Amortisation | ||||
| Tax | -312,749 | 10,330 | -7,518 | -70,479 |
| Stock | ||||
| Debtors | -639,814 | -989,254 | 656,221 | 1,846,783 |
| Creditors | -268,189 | -1,599,724 | 1,324,364 | 1,114,136 |
| Accruals and Deferred Income | -37,050 | 31,149 | 202,574 | 468,210 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | -1,113,042 | -1,056,219 | 327,623 | -388,854 |
| Investing Activities | ||||
| capital expenditure | -543,474 | -49,424 | -13,570 | -90,921 |
| Change in Investments | 1,291,027 | 1 | 100 | |
| cash flow from investments | -1,834,501 | -49,425 | -13,570 | -91,021 |
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 1 | 100 | ||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -4,586 | -4,255 | -1,388 | -202 |
| cash flow from financing | 2,287,976 | -4,255 | -1,388 | 1,729,106 |
| cash and cash equivalents | ||||
| cash | -10,463 | -603,520 | -173,935 | 873,261 |
| overdraft | ||||
| change in cash | -10,463 | -603,520 | -173,935 | 873,261 |
city equities limited Credit Report and Business Information
City Equities Limited Competitor Analysis
Perform a competitor analysis for city equities limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in E1W area or any other competitors across 12 key performance metrics.
city equities limited Ownership
CITY EQUITIES LIMITED group structure
City Equities Limited has no subsidiary companies.
Ultimate parent company
OTTERSWICK LTD
#0084004
2 parents
CITY EQUITIES LIMITED
02742847
city equities limited directors
City Equities Limited currently has 2 directors. The longest serving directors include Mr James Bedding (Oct 2010) and Mr Michael Whyke (Jun 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Bedding | United Kingdom | 66 years | Oct 2010 | - | Director |
| Mr Michael Whyke | 71 years | Jun 2012 | - | Director |
P&L
November 2012turnover
10.8m
-45%
operating profit
-1.2m
+112%
gross margin
11.1%
-18.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2012net assets
1.1m
+2.67%
total assets
2.3m
+0.27%
cash
85.3k
-0.11%
net assets
Total assets minus all liabilities
city equities limited company details
company number
02742847
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
August 1992
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2012
previous names
N/A
accountant
-
auditor
-
address
quadrant house, 4 thomas more square, london, E1W 1YW
Bank
BARCLAYS BANK PLC
Legal Advisor
-
city equities 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 2 charges/mortgages relating to city equities limited. Currently there are 2 open charges and 0 have been satisfied in the past.
city equities 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.
Click to start generating capital raising & share issue transactions for CITY EQUITIES LIMITED. This can take several minutes, an email will notify you when this has completed.
city equities limited Companies House Filings - See Documents
| date | description | view/download |
|---|
