ignite business communications limited
ignite business communications limited Company Information
Company Number
03636333
Next Accounts
Sep 2025
Shareholders
warren davies
colin davies
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
Registered Address
46 hullbridge road, south woodham ferrers, chelmsford, essex, CM3 5NG
Website
www.ignite.co.ukignite business communications limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITE BUSINESS COMMUNICATIONS LIMITED at £441k based on a Turnover of £597.4k and 0.74x industry multiple (adjusted for size and gross margin).
ignite business communications limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITE BUSINESS COMMUNICATIONS LIMITED at £449.2k based on an EBITDA of £89.4k and a 5.02x industry multiple (adjusted for size and gross margin).
ignite business communications limited Estimated Valuation
Pomanda estimates the enterprise value of IGNITE BUSINESS COMMUNICATIONS LIMITED at £2.7m based on Net Assets of £1.2m and 2.25x industry multiple (adjusted for liquidity).
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Ignite Business Communications Limited Overview
Ignite Business Communications Limited is a live company located in chelmsford, CM3 5NG with a Companies House number of 03636333. It operates in the other information technology service activities sector, SIC Code 62090. Founded in September 1998, it's largest shareholder is warren davies with a 47.3% stake. Ignite Business Communications Limited is a mature, small sized company, Pomanda has estimated its turnover at £597.4k with declining growth in recent years.
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Ignite Business Communications Limited Health Check
Pomanda's financial health check has awarded Ignite Business Communications Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £597.4k, make it smaller than the average company (£7.3m)
- Ignite Business Communications Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -52%, show it is growing at a slower rate (8%)
- Ignite Business Communications Limited
8% - Industry AVG
Production
with a gross margin of 51.4%, this company has a comparable cost of product (51.4%)
- Ignite Business Communications Limited
51.4% - Industry AVG
Profitability
an operating margin of 11% make it more profitable than the average company (3.6%)
- Ignite Business Communications Limited
3.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (43)
5 - Ignite Business Communications Limited
43 - Industry AVG
Pay Structure
on an average salary of £74.2k, the company has an equivalent pay structure (£74.2k)
- Ignite Business Communications Limited
£74.2k - Industry AVG
Efficiency
resulting in sales per employee of £119.5k, this is less efficient (£178.1k)
- Ignite Business Communications Limited
£178.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ignite Business Communications Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (33 days)
- Ignite Business Communications Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ignite Business Communications Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Ignite Business Communications Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.7%, this is a lower level of debt than the average (64.7%)
40.7% - Ignite Business Communications Limited
64.7% - Industry AVG
IGNITE BUSINESS COMMUNICATIONS LIMITED financials
Ignite Business Communications Limited's latest turnover from December 2023 is estimated at £597.4 thousand and the company has net assets of £1.2 million. According to their latest financial statements, Ignite Business Communications Limited has 5 employees and maintains cash reserves of £6.1 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 | 5,549,423 | 5,741,969 | 5,344,991 | 4,628,831 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,452,141 | 3,739,085 | 3,304,756 | 2,806,618 | |||||||||||
| Gross Profit | 2,097,282 | 2,002,884 | 2,040,235 | 1,822,213 | |||||||||||
| Admin Expenses | 1,765,206 | 1,775,558 | 1,615,981 | 1,523,971 | |||||||||||
| Operating Profit | 332,076 | 227,326 | 424,254 | 298,242 | |||||||||||
| Interest Payable | 386 | ||||||||||||||
| Interest Receivable | 148 | 221 | 141 | 41 | |||||||||||
| Pre-Tax Profit | 331,838 | 227,547 | 424,395 | 298,283 | |||||||||||
| Tax | -50,551 | -34,892 | -72,067 | -44,619 | |||||||||||
| Profit After Tax | 281,287 | 192,655 | 352,328 | 253,664 | |||||||||||
| Dividends Paid | 63,279 | ||||||||||||||
| Retained Profit | 281,287 | 192,655 | 352,328 | 190,385 | |||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 5 | 5 | 4 | 20 | 20 | 18 | 20 | 18 | 13 | ||||||
| EBITDA* | 634,633 | 487,530 | 640,283 | 461,949 |
* 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 | 1,926,187 | 1,949,995 | 1,973,803 | 2,828,158 | 868,670 | 679,406 | 595,215 | 478,991 | 157,765 | 139,168 | 29,689 | 15,150 | 19,750 | 875 | |
| Intangible Assets | 24,868 | 44,762 | |||||||||||||
| Investments & Other | 56,280 | 172,690 | 288,850 | 10,500 | |||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,926,187 | 1,949,995 | 1,973,803 | 2,828,158 | 868,670 | 679,406 | 595,215 | 478,991 | 214,045 | 311,858 | 343,407 | 70,412 | 19,750 | 875 | |
| Stock & work in progress | 51,665 | 56,252 | 102,273 | 59,881 | 45,041 | 34,500 | 70,395 | 24,715 | 23,385 | 27,677 | 12,534 | 1,005 | |||
| Trade Debtors | 382,433 | 333,027 | 404,688 | 240,993 | 285,353 | 438,469 | 347,254 | 320,416 | 224,553 | 185,317 | 111,064 | 135,120 | |||
| Group Debtors | |||||||||||||||
| Misc Debtors | 63,774 | 152,790 | 7,108 | 475,103 | 696,449 | 178,370 | 226,242 | 225,158 | 127,997 | ||||||
| Cash | 6,072 | 20,301 | 1,765 | 292,582 | 458,783 | 875,344 | 629,477 | 609,326 | 611,723 | 572,273 | 378,416 | 304,961 | 63,802 | 107,975 | 416 |
| misc current assets | |||||||||||||||
| total current assets | 69,846 | 173,091 | 8,873 | 1,201,783 | 1,544,511 | 1,560,675 | 1,156,593 | 1,164,878 | 1,212,689 | 989,922 | 723,547 | 552,899 | 276,796 | 231,573 | 136,541 |
| total assets | 1,996,033 | 2,123,086 | 1,982,676 | 4,029,941 | 2,413,181 | 2,240,081 | 1,751,808 | 1,643,869 | 1,426,734 | 1,301,780 | 1,066,954 | 623,311 | 296,546 | 231,573 | 137,416 |
| Bank overdraft | |||||||||||||||
| Bank loan | 123,636 | 123,636 | 123,636 | 123,636 | |||||||||||
| Trade Creditors | 740 | 542,013 | 521,495 | 380,934 | 385,019 | 334,344 | 317,192 | 431,647 | 492,566 | 411,851 | 138,131 | 142,933 | 74,017 | ||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 205,063 | 9,482 | 2,352 | 471,951 | 302,285 | 411,558 | 293,304 | 132,875 | 141,836 | ||||||
| total current liabilities | 329,439 | 133,118 | 125,988 | 1,137,600 | 823,780 | 792,492 | 678,323 | 467,219 | 459,028 | 431,647 | 492,566 | 411,851 | 138,131 | 142,933 | 74,017 |
| loans | 482,793 | 787,114 | 635,205 | 1,098,505 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 462,798 | 461,250 | 515,620 | ||||||||||||
| other liabilities | 349,446 | 316,759 | 285,207 | 223,347 | |||||||||||
| provisions | 128,716 | 124,440 | 79,566 | 471,834 | 416,060 | 283,460 | 276,006 | 200,966 | 163,215 | 113,956 | 63,405 | 42,992 | |||
| total long term liabilities | 482,793 | 787,114 | 635,205 | 1,690,019 | 585,690 | 595,186 | 471,834 | 765,506 | 600,219 | 561,213 | 424,313 | 163,215 | 113,956 | 63,405 | 42,992 |
| total liabilities | 812,232 | 920,232 | 761,193 | 2,827,619 | 1,409,470 | 1,387,678 | 1,150,157 | 1,232,725 | 1,059,247 | 992,860 | 916,879 | 575,066 | 252,087 | 206,338 | 117,009 |
| net assets | 1,183,801 | 1,202,854 | 1,221,483 | 1,202,322 | 1,003,711 | 852,403 | 601,651 | 411,144 | 367,487 | 308,920 | 150,075 | 48,245 | 44,459 | 25,235 | 20,407 |
| total shareholders funds | 1,183,801 | 1,202,854 | 1,221,483 | 1,202,322 | 1,003,711 | 852,403 | 601,651 | 411,144 | 367,487 | 308,920 | 150,075 | 48,245 | 44,459 | 25,235 | 20,407 |
| 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 | 332,076 | 227,326 | 424,254 | 298,242 | |||||||||||
| Depreciation | 23,808 | 23,808 | 96,206 | 302,557 | 260,204 | 216,029 | 163,707 | 104,959 | 34,750 | 128,721 | 64,254 | 4,600 | 850 | 875 | 1,500 |
| Amortisation | 24,868 | 19,894 | 14,920 | ||||||||||||
| Tax | -50,551 | -34,892 | -72,067 | -44,619 | |||||||||||
| Stock | -51,665 | -4,587 | -46,021 | 42,392 | 14,840 | 10,541 | -35,895 | 45,680 | 1,330 | -4,292 | 15,143 | 11,529 | 1,005 | ||
| Debtors | -89,016 | 145,682 | -850,428 | -171,940 | 446,418 | 115,823 | -43,276 | -55,955 | 219,212 | 26,838 | 95,863 | 39,236 | 74,253 | -24,056 | 135,120 |
| Creditors | 740 | -542,013 | 20,518 | 140,561 | -4,085 | 50,675 | 17,152 | -114,455 | -60,919 | 80,715 | 273,720 | -4,802 | 68,916 | 74,017 | |
| Accruals and Deferred Income | 195,581 | 7,130 | -932,397 | 171,214 | -163,643 | 633,874 | 160,429 | -8,961 | 141,836 | ||||||
| Deferred Taxes & Provisions | -128,716 | 4,276 | 44,874 | -392,268 | 55,774 | 132,600 | 7,454 | 75,040 | 37,751 | 49,259 | 50,551 | 20,413 | 42,992 | ||
| Cash flow from operations | 956,617 | 74,033 | 647,522 | 712,644 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -56,280 | -116,410 | -116,160 | 278,350 | 10,500 | ||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 123,636 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -304,321 | 151,909 | -463,300 | 1,098,505 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -349,446 | 32,687 | 31,552 | 61,860 | 223,347 | ||||||||||
| share issue | |||||||||||||||
| interest | -238 | 221 | 141 | 41 | |||||||||||
| cash flow from financing | 1,139,227 | -41,126 | -101,435 | -349,283 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -14,229 | 18,536 | -290,817 | -166,201 | -416,561 | 245,867 | 20,151 | -2,397 | 39,450 | 193,857 | 73,455 | 241,159 | -44,173 | 107,559 | 416 |
| overdraft | |||||||||||||||
| change in cash | -14,229 | 18,536 | -290,817 | -166,201 | -416,561 | 245,867 | 20,151 | -2,397 | 39,450 | 193,857 | 73,455 | 241,159 | -44,173 | 107,559 | 416 |
ignite business communications limited Credit Report and Business Information
Ignite Business Communications Limited Competitor Analysis
Perform a competitor analysis for ignite business communications limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CM3 area or any other competitors across 12 key performance metrics.
ignite business communications limited Ownership
IGNITE BUSINESS COMMUNICATIONS LIMITED group structure
Ignite Business Communications Limited has 1 subsidiary company.
Ultimate parent company
IGNITE BUSINESS COMMUNICATIONS LIMITED
03636333
1 subsidiary
ignite business communications limited directors
Ignite Business Communications Limited currently has 5 directors. The longest serving directors include Mr Colin Davies (Apr 1999) and Mr Warren Davies (Apr 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Davies | England | 80 years | Apr 1999 | - | Director |
| Mr Warren Davies | England | 55 years | Apr 1999 | - | Director |
| Mr Damian Coates | England | 56 years | Jul 2012 | - | Director |
| Mr Guy Hocking | England | 42 years | Jul 2012 | - | Director |
| Mr Andrew Portlock | England | 41 years | Aug 2016 | - | Director |
P&L
December 2023turnover
597.4k
-30%
operating profit
65.6k
0%
gross margin
51.5%
-1.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.2m
-0.02%
total assets
2m
-0.06%
cash
6.1k
-0.7%
net assets
Total assets minus all liabilities
Similar Companies
ignite business communications limited company details
company number
03636333
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
September 1998
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
ignite service provider limited (December 2014)
ignite graphic communications limited (July 2007)
accountant
HERN POCKNELLS LIMITED
auditor
-
address
46 hullbridge road, south woodham ferrers, chelmsford, essex, CM3 5NG
Bank
-
Legal Advisor
-
ignite business communications 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 ignite business communications limited. Currently there are 1 open charges and 1 have been satisfied in the past.
ignite business communications 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.
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ignite business communications limited Companies House Filings - See Documents
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