Credo Reference Limited

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credo reference limited Company Information

Live

Mature

Company Number

03840990

Website

www.corp.credoreference.com

Registered Address

3rd floor waverley house, 7-12 noel street, london, W1F 8GQ

Industry

Other business support service activities n.e.c.

Telephone

01483802448

Next Accounts Due

September 2024

Group Structure

View All

Directors

Chase Edmonds2 Years

Justin Dufour2 Years

View All

Shareholders

infobase acquisition inc 100%

credo reference limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CREDO REFERENCE LIMITED at £0 based on a Turnover of £0 and 0.56x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Credo Reference Limited is a live company located in london, W1F 8GQ with a Companies House number of 03840990. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 1999, it's largest shareholder is infobase acquisition inc with a 100% stake. Credo Reference Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Pomanda's financial health check has awarded Credo Reference Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

1 Regular

1 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Credo Reference Limited's latest turnover from December 2022 is estimated at 0 and the company has net assets of £7.9 million. According to their latest financial statements, we estimate that Credo Reference Limited has no employees and maintains cash reserves of £75.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	0	165,795	3,967,745	3,337,568	5,944,189	5,893,821	6,094,539	4,910,182	21,455,493	20,455,328	16,026,697	13,339,371	10,319,914	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	103,545	2,498,664	2,087,023	3,730,927	3,664,904	3,765,761	3,119,003	13,843,003	13,321,176	10,255,331	8,347,953	6,308,825	0
Gross Profit	0	62,251	1,469,081	1,250,545	2,213,262	2,228,918	2,328,778	1,791,179	7,612,490	7,134,152	5,771,366	4,991,418	4,011,089	0
Admin Expenses	-2,773,037	-3,102,325	-1,387,283	-3,983,400	15,666	3,272,195	2,173,525	2,212,187	8,665,662	9,113,670	6,107,525	5,794,567	4,400,894	7,169,877
Operating Profit	2,773,037	3,164,576	2,856,364	5,233,945	2,197,596	-1,043,277	155,253	-421,008	-1,053,172	-1,979,518	-336,159	-803,149	-389,805	-7,169,877
Interest Payable	1,278	840	0	139	30,347	68,979	92,267	56,068	0	0	0	0	0	0
Interest Receivable	2,067	179	224	4,145	10,480	8,582	3,772	6,748	4,961	5,425	5,693	3,474	1,967	1,029
Pre-Tax Profit	2,773,827	3,163,915	2,856,588	5,237,951	2,177,729	-1,103,674	66,758	-470,327	-1,048,211	-1,974,093	-330,466	-799,675	-387,838	-7,168,848
Tax	-527,027	-601,144	-542,752	-995,211	-413,769	0	-13,352	0	0	0	0	0	0	0
Profit After Tax	2,246,800	2,562,771	2,313,836	4,242,741	1,763,960	-1,103,674	53,406	-470,327	-1,048,211	-1,974,093	-330,466	-799,675	-387,838	-7,168,848
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,246,800	2,562,771	2,313,836	4,242,741	1,763,960	-1,103,674	53,406	-470,327	-1,048,211	-1,974,093	-330,466	-799,675	-387,838	-7,168,848
Employee Costs	0	96,656	691,902	1,002,610	2,244,041	2,426,148	2,263,000	1,495,747	6,018,868	5,641,430	4,344,569	3,666,648	2,916,617	0
Number Of Employees	0	2	15	22	51	58	54	36	145	138	109	93	76	0
EBITDA*	2,773,037	3,165,056	2,858,489	5,238,275	2,208,151	-1,002,590	197,093	-351,880	-980,889	-1,908,200	-293,169	-766,391	-379,794	-7,158,106

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	0	0	443	2,569	5,959	16,957	49,650	72,104	94,147	109,042	137,661	133,375	105,901	11,069
Intangible Assets	0	0	0	0	0	0	0	5,655	27,563	43,512	0	0	0	0
Investments & Other	0	0	399	399	436	216,721	198,029	199,411	194,397	29,545	332	363	354	338
Debtors (Due After 1 year)	0	0	314,997	519,872	0	0	0	21,336	20,800	18,242	25,596	28,043	36,438	0
Total Fixed Assets	0	0	315,840	522,840	6,395	233,679	247,679	298,507	336,907	200,342	163,590	161,782	142,694	11,408
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	912,044	628,274	890,412	829,628	836,175	621,761	864,990	667,753	703,661	553,510	584,335	271,904
Group Debtors	22,156,534	15,025,525	5,135,458	2,407,095	392,711	0	0	0	0	0	0	0	0	0
Misc Debtors	143,998	498,125	664,404	873,190	268,683	273,086	229,239	243,581	0	0	0	0	0	0
Cash	75,448	42,653	100,798	348,174	757,198	2,037,437	1,395,315	1,622,086	1,077,274	907,275	1,262,827	1,014,335	375,277	411,499
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	22,375,982	15,566,304	6,812,706	4,256,734	2,309,006	3,140,152	2,460,730	2,487,429	1,942,264	1,575,028	1,966,488	1,567,844	959,611	683,403
total assets	22,375,982	15,566,304	7,128,546	4,779,574	2,315,401	3,373,831	2,708,409	2,785,936	2,279,170	1,775,370	2,130,078	1,729,626	1,102,305	694,811
Bank overdraft	0	26,895	0	0	4,108	0	1	227,566	0	0	0	0	0	0
Bank loan	0	0	0	0	0	282,646	225,988	0	0	0	0	0	0	0
Trade Creditors	0	25,028	78,365	132,555	407,566	372,951	499,270	589,977	6,040,327	5,764,600	4,538,369	4,022,802	3,043,615	2,443,946
Group/Directors Accounts	9,726,877	5,143,906	136,737	43,882	0	72,284	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	4,711,894	4,671,970	4,379,425	4,378,993	5,230,511	6,709,072	5,606,296	5,065,276	0	0	0	0	0	0
total current liabilities	14,438,772	9,867,799	4,594,527	4,555,430	5,642,185	7,436,953	6,331,556	5,882,820	6,040,327	5,764,600	4,538,369	4,022,802	3,043,615	2,443,946
loans	0	0	0	0	0	612,418	1,001,377	1,497,606	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	20,708	28,802	27,865	31,826	25,902	42,666	564,647	610,328	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	1,161,677	742,344	848,196	474,524	447,546	478,856
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	20,709	28,803	27,865	31,826	25,902	655,086	1,566,025	2,107,934	1,161,678	742,345	848,197	474,524	447,546	478,857
total liabilities	14,459,480	9,896,602	4,622,392	4,587,256	5,668,087	8,092,039	7,897,580	7,990,754	7,202,005	6,506,944	5,386,566	4,497,326	3,491,161	2,922,803
net assets	7,916,502	5,669,702	2,506,154	192,317	-3,352,687	-4,718,208	-5,189,171	-5,204,818	-4,922,834	-4,731,574	-3,256,488	-2,767,700	-2,388,856	-2,227,992
total shareholders funds	7,916,502	5,669,702	2,506,154	192,317	-3,352,687	-4,718,208	-5,189,171	-5,204,818	-4,922,834	-4,731,574	-3,256,488	-2,767,700	-2,388,856	-2,227,992

	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	2,773,037	3,164,576	2,856,364	5,233,945	2,197,596	-1,043,277	155,253	-421,008	-1,053,172	-1,979,518	-336,159	-803,149	-389,805	-7,169,877
Depreciation	0	480	2,126	4,330	10,555	40,688	36,224	46,511	50,234	56,814	42,990	36,758	10,011	11,771
Amortisation	0	0	0	0	0	0	5,615	22,617	22,049	14,504	0	0	0	0
Tax	-527,027	-601,144	-542,752	-995,211	-413,769	0	-13,352	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	6,776,883	8,496,746	2,598,473	2,876,624	449,093	37,300	178,735	889	199,796	-43,263	147,705	-39,220	348,868	271,904
Creditors	-25,028	-53,337	-54,190	-275,011	34,615	-126,320	-90,707	-5,450,350	275,727	1,226,230	515,567	979,187	599,668	2,443,946
Accruals and Deferred Income	31,830	293,482	-3,529	-845,594	-1,495,325	580,795	495,339	5,675,604	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	-4,524,071	-5,692,689	-340,454	245,835	-115,421	-585,414	409,637	-127,515	-904,958	-638,707	74,693	252,016	-128,994	-4,986,064
Investing Activities
capital expenditure	0	-37	0	-940	444	-7,995	-13,730	-25,177	-41,438	-86,211	-47,276	-64,232	-104,843	-22,840
Change in Investments	0	-399	1	-37	-216,285	18,693	-1,383	5,014	164,852	29,213	-31	9	16	338
cash flow from investments	0	362	-1	-903	216,729	-26,688	-12,347	-30,191	-206,290	-115,424	-47,245	-64,241	-104,859	-23,178
Financing Activities
Bank loans	0	0	0	0	-282,646	56,658	225,988	0	0	0	0	0	0	0
Group/Directors Accounts	4,582,971	5,007,169	92,855	43,882	-72,284	72,284	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	0	0	0	0	-612,418	-388,959	-496,229	1,497,606	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	-1,161,677	419,333	-105,852	373,672	26,978	-31,310	478,856
share issue	0	600,777	0	-697,737	-398,439	1,574,638	-37,760	188,344	856,951	499,007	-158,322	420,831	226,974	4,940,856
interest	789	-661	224	4,006	-19,867	-60,397	-88,495	-49,320	4,961	5,425	5,693	3,474	1,967	1,029
cash flow from financing	4,583,760	5,607,285	93,079	-649,849	-1,385,654	1,254,224	-396,496	474,953	1,281,245	398,580	221,043	451,283	197,631	5,420,741
cash and cash equivalents
cash	32,795	-58,145	-247,375	-409,025	-1,280,239	642,122	-226,771	544,812	169,998	-355,551	248,492	639,058	-36,222	411,499
overdraft	-26,895	26,895	0	-4,108	4,108	-1	-227,565	227,566	0	0	0	0	0	0
change in cash	59,690	-85,040	-247,375	-404,917	-1,284,347	642,123	794	317,246	169,998	-355,551	248,492	639,058	-36,222	411,499

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CREDO REFERENCE LIMITED group structure

Credo Reference Limited has no subsidiary companies.

Ultimate parent company

CENTRE LANE PARTNERS IV LP

#0103225

CLP INFOBASE ACQUISITION INC

#0112754

2 parents

CREDO REFERENCE LIMITED

03840990

CREDO REFERENCE LIMITED Shareholders

infobase acquisition inc

100%

Credo Reference Limited currently has 3 directors. The longest serving directors include Mr Chase Edmonds (Jun 2022) and Mr Justin Dufour (Jun 2022).

officer	country	age	start	end	role
Mr Chase Edmonds	United States	36 years	Jun 2022	-	Director
Mr Justin Dufour	United States	50 years	Jun 2022	-	Director
Mr John Donoghue	United States	58 years	Jan 2023	-	Director

P&L

December 2022

turnover

-100%

operating profit

2.8m

gross margin

turnover

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

Balance Sheet

December 2022

net assets

7.9m

+0.4%

total assets

22.4m

+0.44%

cash

75.4k

+0.77%

net assets

Total assets minus all liabilities

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company number

03840990

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 1999

age

accounts

Small Company

ultimate parent company

CENTRE LANE PARTNERS IV LP

previous names

xrefer limited (December 2007)

xrefer.com limited (May 2003)

incorporated

address

3rd floor waverley house, 7-12 noel street, london, W1F 8GQ

last accounts submitted

December 2022

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 10 charges/mortgages relating to credo reference limited. Currently there are 0 open charges and 10 have been satisfied in the past.

credo reference limited Company Information

credo reference limited Estimated Valuation

credo reference limited Estimated Valuation

credo reference limited Estimated Valuation

Credo Reference Limited Overview

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CREDO REFERENCE LIMITED financials

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