Kerv Experience Limited

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kerv experience limited Company Information

Live

MatureMidRapid

Company Number

03925996

Website

www.foehn.co.uk

Registered Address

1 finsbury avenue, london, EC2M 2PF

Industry

Other information technology and computer service activities

Telephone

08448462323

Next Accounts Due

December 2024

Group Structure

View All

Directors

Michael Ing4 Years

Shareholders

kerv midco limited 100%

kerv experience limited Estimated Valuation

£20m

Pomanda estimates the enterprise value of KERV EXPERIENCE LIMITED at £20m based on an EBITDA of £3.1m and a 6.54x industry multiple (adjusted for size and gross margin).

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Kerv Experience Limited is a live company located in london, EC2M 2PF with a Companies House number of 03925996. It operates in the other information technology service activities sector, SIC Code 62090. Founded in February 2000, it's largest shareholder is kerv midco limited with a 100% stake. Kerv Experience Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Kerv Experience Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

1 Weak

Size

annual sales of £16.4m, make it larger than the average company (£6.2m)

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (6.3%)

EXPORT

Kerv Experience Limited's latest turnover from March 2023 is £16.4 million and the company has net assets of £6.2 million. According to their latest financial statements, Kerv Experience Limited has 32 employees and maintains cash reserves of £2.6 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	16,441,941	13,192,474	10,275,812	5,640,672	2,197,969	2,424,923	2,516,095	2,000,647	4,301,405	1,998,654	2,822,592	2,294,635	1,594,710	2,427,823
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,060,285	6,931,389	5,251,715	2,760,256	1,044,743	1,142,239	1,170,592	938,785	2,001,406	905,063	1,300,839	1,056,274	716,017	1,087,118
Gross Profit	7,381,656	6,261,085	5,024,097	2,880,416	1,153,226	1,282,684	1,345,503	1,061,862	2,299,998	1,093,591	1,521,753	1,238,361	878,694	1,340,705
Admin Expenses	4,409,627	3,772,949	3,371,440	1,810,388	752,074	1,000,966	1,136,552	1,035,965	1,875,080	854,814	1,364,402	1,050,449	785,220	952,758
Operating Profit	2,972,029	2,488,136	1,652,657	1,070,028	401,152	281,718	208,951	25,897	424,918	238,777	157,351	187,912	93,474	387,947
Interest Payable	0	0	19,600	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	1,733	10,856	5,787	1,965	2,926	3,158	2,971	2,163	1,795	1,130	408
Pre-Tax Profit	2,972,029	2,488,136	1,633,057	1,071,762	412,009	287,505	210,916	28,823	428,076	241,748	159,514	189,707	94,604	388,356
Tax	-72,806	44,944	-323,668	-203,635	-78,282	-54,626	-42,183	-5,764	-89,896	-55,602	-38,283	-49,324	-26,489	-108,740
Profit After Tax	2,899,223	2,533,080	1,309,389	868,127	333,727	232,879	168,733	23,058	338,180	186,146	121,231	140,383	68,115	279,616
Dividends Paid	0	0	3,261,598	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,899,223	2,533,080	-1,952,209	868,127	333,727	232,879	168,733	23,058	338,180	186,146	121,231	140,383	68,115	279,616
Employee Costs	2,538,059	1,955,538	1,907,570	2,013,207	1,725,498	1,490,523	1,561,241	795,455	1,547,686	722,565	996,662	801,036	581,860	866,256
Number Of Employees	32	29	31	35	30	27	29	15	29	14	20	16	12	18
EBITDA*	3,058,272	2,562,667	1,718,684	1,110,479	458,921	351,497	264,936	65,591	456,118	264,069	169,867	200,103	106,130	429,932

* 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	39,274	29,859	41,851	76,220	80,012	75,510	106,809	44,797	28,269	34,375	35,882	2,119	14,310	26,966
Intangible Assets	1,170,381	445,896	222,433	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,209,655	475,755	264,284	76,220	80,012	75,510	106,809	44,797	28,269	34,375	35,882	2,119	14,310	26,966
Stock & work in progress	0	8,909	21,940	777	8,929	30,941	10,848	28,080	15,620	35,958	6,542	11,327	0	0
Trade Debtors	1,587,594	994,895	2,567,351	1,123,540	208,103	372,396	361,499	381,409	858,479	349,066	507,118	387,967	263,403	411,518
Group Debtors	5,040,644	2,002,076	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,892,351	1,668,285	1,677,176	2,771,762	1,581,182	604,588	547,883	458,450	0	0	0	0	0	0
Cash	2,615,605	1,354,006	1,569,455	1,973,543	1,493,124	1,401,931	912,735	659,484	510,834	752,173	436,285	429,087	288,813	163,327
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	12,136,194	6,028,171	5,835,922	5,869,622	3,291,338	2,409,856	1,832,965	1,527,423	1,384,933	1,137,197	949,945	828,381	552,216	574,845
total assets	13,345,849	6,503,926	6,100,206	5,945,842	3,371,350	2,485,366	1,939,774	1,572,220	1,413,202	1,171,572	985,827	830,500	566,526	601,811
Bank overdraft	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
Trade Creditors	1,082,244	600,592	352,152	877,718	258,457	202,091	198,243	178,972	275,880	372,430	373,606	342,286	218,695	322,095
Group/Directors Accounts	43	10,145	178,057	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
hp & lease commitments	0	0	0	0	14,614	19,485	19,485	0	0	0	0	0	0	0
other current liabilities	5,302,830	2,498,393	4,754,538	2,293,279	1,193,001	677,625	343,600	229,396	0	0	0	0	0	0
total current liabilities	6,385,117	3,109,130	5,284,747	3,170,997	1,465,172	899,201	561,328	408,368	275,880	372,430	373,606	342,286	218,695	322,095
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	14,614	34,099	0	0	0	0	0	0	0
Accruals and Deferred Income	640,297	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	0	0	0	0
provisions	79,146	52,730	6,473	13,650	13,110	13,110	18,785	7,023	3,551	3,551	2,776	0	0	0
total long term liabilities	719,443	52,730	6,473	13,650	13,110	27,724	52,884	7,023	3,551	3,551	2,776	0	0	0
total liabilities	7,104,560	3,161,860	5,291,220	3,184,647	1,478,282	926,925	614,212	415,391	279,431	375,981	376,382	342,286	218,695	322,095
net assets	6,241,289	3,342,066	808,986	2,761,195	1,893,068	1,558,441	1,325,562	1,156,829	1,133,771	795,591	609,445	488,214	347,831	279,716
total shareholders funds	6,241,289	3,342,066	808,986	2,761,195	1,893,068	1,558,441	1,325,562	1,156,829	1,133,771	795,591	609,445	488,214	347,831	279,716

	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	2,972,029	2,488,136	1,652,657	1,070,028	401,152	281,718	208,951	25,897	424,918	238,777	157,351	187,912	93,474	387,947
Depreciation	28,704	21,859	37,875	40,451	57,769	69,779	55,985	39,694	31,200	25,292	12,516	12,191	12,656	23,985
Amortisation	57,539	52,672	28,152	0	0	0	0	0	0	0	0	0	0	18,000
Tax	-72,806	44,944	-323,668	-203,635	-78,282	-54,626	-42,183	-5,764	-89,896	-55,602	-38,283	-49,324	-26,489	-108,740
Stock	-8,909	-13,031	21,163	-8,152	-22,012	20,093	-17,232	12,460	-20,338	29,416	-4,785	11,327	0	0
Debtors	4,855,333	420,729	349,225	2,106,017	812,301	67,602	69,523	-18,620	509,413	-158,052	119,151	124,564	-148,115	411,518
Creditors	481,652	248,440	-525,566	619,261	56,366	3,848	19,271	-96,908	-96,550	-1,176	31,320	123,591	-103,400	322,095
Accruals and Deferred Income	3,444,734	-2,256,145	2,461,259	1,100,278	515,376	334,025	114,204	229,396	0	0	0	0	0	0
Deferred Taxes & Provisions	26,416	46,257	-7,177	540	0	-5,675	11,762	3,472	0	775	2,776	0	0	0
Cash flow from operations	2,091,844	238,465	2,953,144	529,058	162,092	541,374	315,699	201,947	-219,403	336,702	51,314	138,479	124,356	231,769
Investing Activities
capital expenditure	-820,143	-286,002	-254,091	-36,659	-62,271	-38,480	-117,997	-56,222	-25,094	-23,785	-46,279	0	0	-68,951
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-820,143	-286,002	-254,091	-36,659	-62,271	-38,480	-117,997	-56,222	-25,094	-23,785	-46,279	0	0	-68,951
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-10,102	-167,912	178,057	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-14,614	-19,485	-19,485	53,584	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	900	0	0	0	0	0	0	0	0	100
interest	0	0	-19,600	1,733	10,856	5,787	1,965	2,926	3,158	2,971	2,163	1,795	1,130	408
cash flow from financing	-10,102	-167,912	158,457	-12,881	-7,729	-13,698	55,549	2,926	3,158	2,971	2,163	1,795	1,130	508
cash and cash equivalents
cash	1,261,599	-215,449	-404,088	480,419	91,193	489,196	253,251	148,650	-241,339	315,888	7,198	140,274	125,486	163,327
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,261,599	-215,449	-404,088	480,419	91,193	489,196	253,251	148,650	-241,339	315,888	7,198	140,274	125,486	163,327

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KERV EXPERIENCE LIMITED group structure

Kerv Experience Limited has no subsidiary companies.

Ultimate parent company

LDC IX LP

#0164829

KERV MIDCO LIMITED

13208002

2 parents

KERV EXPERIENCE LIMITED

03925996

KERV EXPERIENCE LIMITED Shareholders

kerv midco limited

100%

Kerv Experience Limited currently has 1 director, Mr Michael Ing serving since Jul 2020.

officer	country	age	start	end	role
Mr Michael Ing	United Kingdom	58 years	Jul 2020	-	Director

P&L

March 2023

turnover

16.4m

+25%

operating profit

+19%

gross margin

44.9%

-5.4%

turnover

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

Balance Sheet

March 2023

net assets

6.2m

+0.87%

total assets

13.3m

+1.05%

cash

2.6m

+0.93%

net assets

Total assets minus all liabilities

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company number

03925996

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

February 2000

accounts

Full Accounts

ultimate parent company

LDC IX LP

previous names

foehn limited (May 2022)

last accounts submitted

March 2023

address

1 finsbury avenue, london, EC2M 2PF

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 5 charges/mortgages relating to kerv experience limited. Currently there are 1 open charges and 4 have been satisfied in the past.

kerv experience limited Company Information

kerv experience limited Estimated Valuation

kerv experience limited Estimated Valuation

kerv experience limited Estimated Valuation

Kerv Experience Limited Overview

Kerv Experience Limited Health Check

KERV EXPERIENCE LIMITED financials

kerv experience limited Credit Report and Business Information

Kerv Experience Limited Competitor Analysis

kerv experience limited Ownership

kerv experience limited directors

kerv experience limited company details

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kerv experience limited Companies House Filings - See Documents