cicap limited
cicap limited Company Information
Company Number
02858938
Website
collercapital.comRegistered Address
park house 116 park street, london, W1K 6AF
Industry
Activities of head offices
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
jeremy coller 89.3%
hpc holdings investor - machine llc 8.3%
View Allcicap limited Estimated Valuation
Pomanda estimates the enterprise value of CICAP LIMITED at £562m based on a Turnover of £90.4m and 6.22x industry multiple (adjusted for size and gross margin).
cicap limited Estimated Valuation
Pomanda estimates the enterprise value of CICAP LIMITED at £0 based on an EBITDA of £-14.5m and a 9.26x industry multiple (adjusted for size and gross margin).
cicap limited Estimated Valuation
Pomanda estimates the enterprise value of CICAP LIMITED at £168.6m based on Net Assets of £44.8m and 3.76x industry multiple (adjusted for liquidity).
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Cicap Limited Overview
Cicap Limited is a live company located in london, W1K 6AF with a Companies House number of 02858938. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 1993, it's largest shareholder is jeremy coller with a 89.3% stake. Cicap Limited is a mature, large sized company, Pomanda has estimated its turnover at £90.4m with low growth in recent years.
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Cicap Limited Health Check
Pomanda's financial health check has awarded Cicap Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £90.4m, make it larger than the average company (£20.3m)
£90.4m - Cicap Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.4%)
2% - Cicap Limited
4.4% - Industry AVG
Production
with a gross margin of 32.6%, this company has a comparable cost of product (32.6%)
32.6% - Cicap Limited
32.6% - Industry AVG
Profitability
an operating margin of -17.8% make it less profitable than the average company (5.9%)
-17.8% - Cicap Limited
5.9% - Industry AVG
Employees
with 252 employees, this is above the industry average (120)
252 - Cicap Limited
120 - Industry AVG
Pay Structure
on an average salary of £257k, the company has a higher pay structure (£45.4k)
£257k - Cicap Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £358.6k, this is more efficient (£186.6k)
£358.6k - Cicap Limited
£186.6k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (46 days)
7 days - Cicap Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (45 days)
4 days - Cicap Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cicap Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (16 weeks)
63 weeks - Cicap Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (57%)
41.7% - Cicap Limited
57% - Industry AVG
cicap limited Credit Report and Business Information
Cicap Limited Competitor Analysis
Perform a competitor analysis for cicap limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cicap limited Ownership
CICAP LIMITED group structure
Cicap Limited has 1 subsidiary company.
cicap limited directors
Cicap Limited currently has 5 directors. The longest serving directors include Mr Jeremy Coller (Oct 1993) and Mr Michael Queen (Oct 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Coller | United Kingdom | 65 years | Oct 1993 | - | Director |
| Mr Michael Queen | England | 62 years | Oct 2013 | - | Director |
| Ms Alison Carnwath | 71 years | Jul 2015 | - | Director | |
| Mr Jonathan Asquith | 67 years | Aug 2015 | - | Director | |
| Mr Peter Leach | 69 years | Oct 2023 | - | Director |
CICAP LIMITED financials
Cicap Limited's latest turnover from March 2023 is £90.4 million and the company has net assets of £44.8 million. According to their latest financial statements, Cicap Limited has 252 employees and maintains cash reserves of £38.4 million 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 | 90,362,000 | 85,062,000 | 104,998,000 | 85,843,000 | 62,241,000 | 76,453,000 | 74,255,000 | 65,989,000 | 43,890,000 | 48,535,000 | 68,227,000 | 40,065,000 | 36,608,000 | 37,736,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -16,101,000 | 8,149,000 | 25,141,000 | 4,835,000 | -11,050,000 | 10,177,000 | 2,778,000 | -1,750,000 | 186,000 | 2,755,000 | 13,370,000 | 2,744,000 | 3,726,000 | 2,412,000 |
| Interest Payable | 1,775,000 | 0 | 0 | 50,000 | 127,000 | 270,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 263,000 | 4,132,000 | 3,541,000 | 438,000 | 1,059,000 | 269,000 | 1,228,000 | 54,000 | 47,000 | 110,000 | 89,000 | 42,000 | 214,000 | 33,000 |
| Pre-Tax Profit | -6,986,000 | 12,332,000 | 28,682,000 | 5,223,000 | -10,118,000 | 10,176,000 | 4,006,000 | -1,696,000 | 233,000 | 2,865,000 | 13,459,000 | 2,786,000 | 3,940,000 | 2,445,000 |
| Tax | 2,130,000 | -943,000 | -6,103,000 | -1,191,000 | 2,038,000 | -2,312,000 | -845,000 | 80,000 | -347,000 | -880,000 | -4,151,000 | -778,000 | -1,234,000 | -1,532,000 |
| Profit After Tax | -4,856,000 | 11,389,000 | 22,579,000 | 4,032,000 | -8,080,000 | 7,864,000 | 3,161,000 | -1,616,000 | -114,000 | 1,985,000 | 9,308,000 | 2,008,000 | 2,706,000 | 913,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000,000 | 4,000,000 | 0 | 2,000,000 | 3,500,000 |
| Retained Profit | -4,856,000 | 11,389,000 | 22,579,000 | 4,032,000 | -8,080,000 | 7,864,000 | 3,161,000 | -1,616,000 | -114,000 | -2,015,000 | 5,308,000 | 2,008,000 | 706,000 | -2,587,000 |
| Employee Costs | 64,759,000 | 57,409,000 | 54,736,000 | 49,480,000 | 44,552,000 | 40,820,000 | 41,279,000 | 43,929,000 | 30,563,000 | 27,543,000 | 34,700,000 | 23,485,000 | 20,992,000 | 18,834,000 |
| Number Of Employees | 252 | 243 | 225 | 211 | 180 | 181 | 176 | 161 | 151 | 140 | 128 | 128 | 127 | 122 |
| EBITDA* | -14,490,000 | 9,119,000 | 26,022,000 | 5,986,000 | -9,979,000 | 11,106,000 | 3,422,000 | -1,614,000 | 340,000 | 2,974,000 | 13,673,000 | 3,077,000 | 4,092,000 | 2,742,000 |
* 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 | 5,553,000 | 6,021,000 | 3,941,000 | 4,656,000 | 5,363,000 | 6,083,000 | 6,398,000 | 2,028,000 | 626,000 | 487,000 | 656,000 | 410,000 | 600,000 | 859,000 |
| Intangible Assets | 473,000 | 517,000 | 366,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 157,000 | 597,000 | 299,000 | 163,000 | 459,000 | 568,000 | 79,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 5,082,000 | 5,329,000 | 5,710,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,108,000 | 11,867,000 | 10,174,000 | 5,253,000 | 5,662,000 | 6,246,000 | 6,857,000 | 2,596,000 | 705,000 | 487,000 | 656,000 | 410,000 | 600,000 | 859,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,936,000 | 207,000 | 622,000 | 3,023,000 | 1,658,000 | 2,387,000 | 3,207,000 | 3,125,000 | 1,450,000 | 1,984,000 | 2,806,000 | 5,676,000 | 2,708,000 | 1,976,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 25,478,000 | 19,326,000 | 16,468,000 | 8,195,000 | 8,428,000 | 5,902,000 | 7,228,000 | 2,154,000 | 1,712,000 | 1,639,000 | 1,557,000 | 1,365,000 | 1,077,000 | 953,000 |
| Cash | 38,350,000 | 44,912,000 | 41,197,000 | 24,556,000 | 15,227,000 | 29,506,000 | 31,251,000 | 26,865,000 | 19,409,000 | 19,229,000 | 27,885,000 | 8,703,000 | 10,610,000 | 12,695,000 |
| misc current assets | 0 | 0 | 4,026,000 | 1,687,000 | 2,243,000 | 265,000 | 3,596,000 | 1,520,000 | 429,000 | 66,000 | 120,000 | 203,000 | 96,000 | 67,000 |
| total current assets | 65,764,000 | 64,445,000 | 62,313,000 | 37,461,000 | 27,556,000 | 38,060,000 | 45,282,000 | 33,664,000 | 23,000,000 | 22,918,000 | 32,368,000 | 15,947,000 | 14,491,000 | 15,691,000 |
| total assets | 76,872,000 | 76,312,000 | 72,487,000 | 42,714,000 | 33,218,000 | 44,306,000 | 52,139,000 | 36,260,000 | 23,705,000 | 23,405,000 | 33,024,000 | 16,357,000 | 15,091,000 | 16,550,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 724,000 | 443,000 | 161,000 | 244,000 | 170,000 | 212,000 | 591,000 | 25,768,000 | 14,074,000 | 713,000 | 497,000 | 912,000 | 530,000 | 598,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 4,517,000 | 5,212,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 14,743,000 | 3,642,000 | 685,000 | 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 | 30,491,000 | 30,421,000 | 31,417,000 | 31,568,000 | 21,621,000 | 22,404,000 | 28,112,000 | 500,000 | 0 | 13,295,000 | 21,060,000 | 9,121,000 | 10,380,000 | 12,336,000 |
| total current liabilities | 31,215,000 | 30,864,000 | 31,578,000 | 31,812,000 | 26,308,000 | 27,828,000 | 43,446,000 | 29,910,000 | 14,759,000 | 14,008,000 | 21,557,000 | 10,033,000 | 10,910,000 | 13,016,000 |
| loans | 0 | 512,000 | 209,000 | 0 | 0 | 20,000 | 16,196,000 | 3,177,000 | 115,000 | 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 | 466,000 | 800,000 | 1,277,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 954,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 381,000 | 326,000 | 270,000 | 214,000 | 158,000 | 102,000 | 46,000 | 0 | 500,000 | 500,000 | 500,000 | 625,000 | 500,000 | 500,000 |
| total long term liabilities | 847,000 | 1,638,000 | 1,756,000 | 214,000 | 158,000 | 122,000 | 16,242,000 | 4,131,000 | 615,000 | 500,000 | 500,000 | 625,000 | 500,000 | 500,000 |
| total liabilities | 32,062,000 | 32,502,000 | 33,334,000 | 32,026,000 | 26,466,000 | 27,950,000 | 59,688,000 | 34,041,000 | 15,374,000 | 14,508,000 | 22,057,000 | 10,658,000 | 11,410,000 | 13,516,000 |
| net assets | 44,810,000 | 43,810,000 | 39,153,000 | 10,688,000 | 6,752,000 | 16,356,000 | -7,549,000 | 2,219,000 | 8,331,000 | 8,897,000 | 10,967,000 | 5,699,000 | 3,681,000 | 3,034,000 |
| total shareholders funds | 44,810,000 | 43,810,000 | 39,153,000 | 10,688,000 | 6,752,000 | 16,356,000 | -7,549,000 | 2,219,000 | 8,331,000 | 8,897,000 | 10,967,000 | 5,699,000 | 3,681,000 | 3,034,000 |
| 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 | -16,101,000 | 8,149,000 | 25,141,000 | 4,835,000 | -11,050,000 | 10,177,000 | 2,778,000 | -1,750,000 | 186,000 | 2,755,000 | 13,370,000 | 2,744,000 | 3,726,000 | 2,412,000 |
| Depreciation | 1,425,000 | 888,000 | 866,000 | 1,151,000 | 1,071,000 | 929,000 | 644,000 | 136,000 | 154,000 | 219,000 | 303,000 | 333,000 | 366,000 | 330,000 |
| Amortisation | 186,000 | 82,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 2,130,000 | -943,000 | -6,103,000 | -1,191,000 | 2,038,000 | -2,312,000 | -845,000 | 80,000 | -347,000 | -880,000 | -4,151,000 | -778,000 | -1,234,000 | -1,532,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,634,000 | 2,062,000 | 11,582,000 | 1,132,000 | 1,797,000 | -2,146,000 | 5,156,000 | 2,117,000 | -461,000 | -740,000 | -2,678,000 | 3,256,000 | 856,000 | 2,929,000 |
| Creditors | 281,000 | 282,000 | -83,000 | 74,000 | -42,000 | -379,000 | -25,177,000 | 11,694,000 | 13,361,000 | 216,000 | -415,000 | 382,000 | -68,000 | 598,000 |
| Accruals and Deferred Income | -264,000 | -1,473,000 | 1,126,000 | 9,947,000 | -783,000 | -5,708,000 | 27,612,000 | 500,000 | -13,295,000 | -7,765,000 | 11,939,000 | -1,259,000 | -1,956,000 | 12,336,000 |
| Deferred Taxes & Provisions | 55,000 | 56,000 | 56,000 | 56,000 | 56,000 | 56,000 | 46,000 | -500,000 | 0 | 0 | -125,000 | 125,000 | 0 | 500,000 |
| Cash flow from operations | -19,922,000 | 4,979,000 | 9,436,000 | 13,740,000 | -10,507,000 | 4,909,000 | -98,000 | 8,043,000 | 520,000 | -4,715,000 | 23,599,000 | -1,709,000 | -22,000 | 11,715,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -144,000 | 7,024,000 | -12,322,000 | -2,096,000 | -245,000 | -94,000 | -582,000 | -143,000 | -93,000 | -684,000 |
| Change in Investments | 0 | -157,000 | -440,000 | 298,000 | 136,000 | -296,000 | -109,000 | 489,000 | 79,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 157,000 | 440,000 | -298,000 | -280,000 | 7,320,000 | -12,213,000 | -2,585,000 | -324,000 | -94,000 | -582,000 | -143,000 | -93,000 | -684,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -4,517,000 | -695,000 | 5,212,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -14,743,000 | 11,101,000 | 2,957,000 | 685,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -512,000 | 303,000 | 209,000 | 0 | -20,000 | -16,176,000 | 13,019,000 | 3,062,000 | 115,000 | 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 | -954,000 | 954,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,512,000 | 4,132,000 | 3,541,000 | 388,000 | 932,000 | -1,000 | 1,228,000 | 54,000 | 47,000 | 110,000 | 89,000 | 42,000 | 214,000 | 33,000 |
| cash flow from financing | 3,832,000 | -2,297,000 | 9,636,000 | -4,225,000 | -1,307,000 | -9,667,000 | 11,465,000 | 2,531,000 | 395,000 | 55,000 | 49,000 | 52,000 | 155,000 | 5,654,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -6,562,000 | 3,715,000 | 16,641,000 | 9,329,000 | -14,279,000 | -1,745,000 | 4,386,000 | 7,456,000 | 180,000 | -8,656,000 | 19,182,000 | -1,907,000 | -2,085,000 | 12,695,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -82,000 | 82,000 |
| change in cash | -6,562,000 | 3,715,000 | 16,641,000 | 9,329,000 | -14,279,000 | -1,745,000 | 4,386,000 | 7,456,000 | 180,000 | -8,656,000 | 19,182,000 | -1,907,000 | -2,003,000 | 12,613,000 |
P&L
March 2023turnover
90.4m
+6%
operating profit
-16.1m
-298%
gross margin
32.7%
+0.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
44.8m
+0.02%
total assets
76.9m
+0.01%
cash
38.4m
-0.15%
net assets
Total assets minus all liabilities
cicap limited company details
company number
02858938
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
October 1993
age
31
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
park house 116 park street, london, W1K 6AF
last accounts submitted
March 2023
cicap 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 cicap limited. Currently there are 0 open charges and 4 have been satisfied in the past.
cicap limited Companies House Filings - See Documents
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