icrossing limited

icrossing limited Company Information

Share ICROSSING LIMITED
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MatureMidHealthy

Company Number

03955760

Industry

Computer consultancy activities

 

Shareholders

icrossing europe ltd

Group Structure

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Contact

Registered Address

the projects brighton, 8-9 ship street, brighton, BN1 1AD

icrossing limited Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of ICROSSING LIMITED at £5.2m based on a Turnover of £7.2m and 0.71x industry multiple (adjusted for size and gross margin).

icrossing limited Estimated Valuation

£668.4k

Pomanda estimates the enterprise value of ICROSSING LIMITED at £668.4k based on an EBITDA of £135k and a 4.95x industry multiple (adjusted for size and gross margin).

icrossing limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of ICROSSING LIMITED at £2.5m based on Net Assets of £1.1m and 2.29x industry multiple (adjusted for liquidity).

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Icrossing Limited Overview

Icrossing Limited is a live company located in brighton, BN1 1AD with a Companies House number of 03955760. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2000, it's largest shareholder is icrossing europe ltd with a 100% stake. Icrossing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.2m with healthy growth in recent years.

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Icrossing Limited Health Check

Pomanda's financial health check has awarded Icrossing Limited a 2 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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £7.2m, make it larger than the average company (£3.2m)

£7.2m - Icrossing Limited

£3.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.6%)

6% - Icrossing Limited

8.6% - Industry AVG

production

Production

with a gross margin of 33%, this company has a higher cost of product (45.5%)

33% - Icrossing Limited

45.5% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (6%)

0.5% - Icrossing Limited

6% - Industry AVG

employees

Employees

with 74 employees, this is above the industry average (23)

74 - Icrossing Limited

23 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.7k, the company has an equivalent pay structure (£63.1k)

£64.7k - Icrossing Limited

£63.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £97.7k, this is less efficient (£140k)

£97.7k - Icrossing Limited

£140k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 73 days, this is near the average (61 days)

73 days - Icrossing Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (27 days)

8 days - Icrossing Limited

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Icrossing Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 19 weeks, this is average cash available to meet short term requirements (16 weeks)

19 weeks - Icrossing Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.3%, this is a higher level of debt than the average (58.5%)

82.3% - Icrossing Limited

58.5% - Industry AVG

ICROSSING LIMITED financials

EXPORTms excel logo

Icrossing Limited's latest turnover from December 2023 is £7.2 million and the company has net assets of £1.1 million. According to their latest financial statements, Icrossing Limited has 74 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover7,226,7767,876,6726,961,4485,983,0719,720,88011,343,78311,351,02733,556,86328,524,30932,857,20128,524,6578,947,2388,118,39823,436,37517,292,977
Other Income Or Grants000000000000000
Cost Of Sales4,840,2754,696,0554,497,4594,464,8816,861,6016,417,8156,278,55722,141,31124,090,07028,365,74423,890,3875,452,7274,478,83519,854,40613,904,720
Gross Profit2,386,5013,180,6172,463,9891,518,1902,859,2794,925,9685,072,47011,415,5524,434,2394,491,4574,634,2703,494,5113,639,5633,581,9693,388,257
Admin Expenses2,350,5492,007,7272,055,1952,306,0883,231,6513,439,5224,079,9509,393,7482,854,0353,429,3823,395,9243,100,9093,076,2363,416,8313,089,837
Operating Profit35,9521,172,890408,794-787,898-372,3721,486,446992,5202,021,8041,580,2041,062,0751,238,346393,602563,327165,138298,420
Interest Payable03820000000000000
Interest Receivable60,72730,942443,85846,20128,7645,5298,9834,0622,64313,26223,59018,54017,0364,933
Pre-Tax Profit96,6791,203,45025,366-1,148,481-326,1711,515,210998,0492,030,7871,584,2661,076,7181,251,608417,192581,867182,174303,353
Tax1,778-303,709125,842209,91431,951-278,596-225,886-442,148-339,131-214,400-154,358-39,326-157,36076,156-34,704
Profit After Tax98,457899,741151,208-938,567-294,2201,236,614772,1631,588,6391,245,135862,3181,097,250377,866424,507258,330268,649
Dividends Paid01,500,000006,000,0000000000000
Retained Profit98,457-600,259151,208-938,567-6,294,2201,236,614772,1631,588,6391,245,135862,3181,097,250377,866424,507258,330268,649
Employee Costs4,788,6594,571,0045,089,3325,214,0276,341,9856,536,5736,966,9006,384,7947,165,6146,923,2506,071,5925,202,2974,591,2104,748,8834,535,360
Number Of Employees74809295116122127134148141141134125110102
EBITDA*134,9721,274,961545,404-691,154-337,5321,645,1421,271,4602,139,6171,700,1141,226,8511,456,665650,580904,401593,806642,560

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets564,254663,274693,630818,787156,29673,984130,234391,870249,139365,234526,692702,076816,159970,3451,228,756
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)222,491156,766212,584398,580182,4930000000000
Total Fixed Assets786,745820,040906,2141,217,367338,78973,984130,234391,870249,139365,234526,692702,076816,159970,3451,228,756
Stock & work in progress000000000000000
Trade Debtors1,458,6782,230,5092,004,4301,552,7818,170,0615,133,2655,091,5228,090,3585,110,1684,649,2523,598,9434,515,7992,547,4983,126,2822,338,825
Group Debtors1,703,3152,144,8211,821,4321,688,2301,697,2841,987,9162,303,1542,840,3521,613,4061,017,7121,160,0213,345,8242,901,4312,520,329727,625
Misc Debtors342,279258,199404,98493,901200,702342,265565,7671,182,6121,324,804891,0391,045,1061,201,1761,261,7081,349,467956,835
Cash1,838,7451,239,7822,988,7071,831,6932,535,9648,422,8896,090,1872,140,5892,861,2783,706,7114,260,8162,732,8493,015,1292,676,4062,542,011
misc current assets000000000000000
total current assets5,343,0175,873,3117,219,5535,166,60512,604,01115,886,33514,050,63014,253,91110,909,65610,264,71410,064,88611,795,6489,725,7669,672,4846,565,296
total assets6,129,7626,693,3518,125,7676,383,97212,942,80015,960,31914,180,86414,645,78111,158,79510,629,94810,591,57812,497,72410,541,92510,642,8297,794,052
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 118,397242,5461,150,021692,0075,877,2222,897,0102,548,2663,068,3102,302,6242,726,6983,514,1313,447,7982,879,2742,897,4281,854,523
Group/Directors Accounts2,721,3722,073,7641,964,1871,260,804581,8900000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities1,977,9063,163,4113,187,0612,768,4803,882,4404,157,8413,963,7444,680,7803,633,1193,825,3334,061,5084,630,4523,662,4824,163,6863,343,211
total current liabilities4,817,6755,479,7216,301,2694,721,29110,341,5527,054,8516,512,0107,749,0905,935,7436,552,0317,575,6398,078,2506,541,7567,061,1145,197,734
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions225,000225,000235,609225,000225,000235,000235,000235,000150,000250,00000000
total long term liabilities225,000225,000235,609225,000225,000235,000235,000235,000150,000250,00000000
total liabilities5,042,6755,704,7216,536,8784,946,29110,566,5527,289,8516,747,0107,984,0906,085,7436,802,0317,575,6398,078,2506,541,7567,061,1145,197,734
net assets1,087,087988,6301,588,8891,437,6812,376,2488,670,4687,433,8546,661,6915,073,0523,827,9173,015,9394,419,4744,000,1693,581,7152,596,318
total shareholders funds1,087,087988,6301,588,8891,437,6812,376,2488,670,4687,433,8546,661,6915,073,0523,827,9173,015,9394,419,4744,000,1693,581,7152,596,318
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit35,9521,172,890408,794-787,898-372,3721,486,446992,5202,021,8041,580,2041,062,0751,238,346393,602563,327165,138298,420
Depreciation99,020102,071136,61096,74434,840158,696278,940117,813119,910164,776218,319256,978341,074428,668344,140
Amortisation000000000000000
Tax1,778-303,709125,842209,91431,951-278,596-225,886-442,148-339,131-214,400-154,358-39,326-157,36076,156-34,704
Stock000000000000000
Debtors-1,063,532346,865709,938-6,517,0482,787,094-496,997-4,152,8794,064,9441,490,375753,933-3,258,7292,352,162-285,4412,972,7934,023,285
Creditors-124,149-907,475458,014-5,185,2152,980,212348,744-520,044765,686-424,074-787,43366,333568,524-18,1541,042,9051,854,523
Accruals and Deferred Income-1,185,505-23,650418,581-1,113,960-275,401194,097-717,0361,047,661-192,214-236,175-568,944967,970-501,204820,4753,343,211
Deferred Taxes & Provisions0-10,60910,6090-10,0000085,000-100,000250,00000000
Cash flow from operations-109,372-317,347848,512-263,367-397,8642,406,3843,961,373-469,128-845,680-515,0904,058,425-204,414513,124-439,4511,782,305
Investing Activities
capital expenditure0-71,715-11,453-759,235-117,152-102,410-17,29300-3,280-44,767-101,456-192,941556,202-452,216
Change in Investments000000000000000
cash flow from investments0-71,715-11,453-759,235-117,152-102,410-17,29300-3,280-44,767-101,456-192,941556,202-452,216
Financing Activities
Bank loans000000000000000
Group/Directors Accounts647,608109,577703,383678,914581,8900000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000-50,340-2,500,78541,439-6,053727,0672,327,669
interest60,72730,560443,85846,20128,7645,5298,9834,0622,64313,26223,59018,54017,0364,933
cash flow from financing708,335140,137703,427682,772628,09128,7645,5298,9834,062-47,697-2,487,52365,02912,487744,1032,332,602
cash and cash equivalents
cash598,963-1,748,9251,157,014-704,271-5,886,9252,332,7023,949,598-720,689-845,433-554,1051,527,967-282,280338,723134,3952,542,011
overdraft000000000000000
change in cash598,963-1,748,9251,157,014-704,271-5,886,9252,332,7023,949,598-720,689-845,433-554,1051,527,967-282,280338,723134,3952,542,011

icrossing limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Icrossing Limited Competitor Analysis

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Perform a competitor analysis for icrossing limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in BN1 area or any other competitors across 12 key performance metrics.

icrossing limited Ownership

ICROSSING LIMITED group structure

Icrossing Limited has no subsidiary companies.

Ultimate parent company

THE HEARST CORPORATION

#0001394

2 parents

ICROSSING LIMITED

03955760

ICROSSING LIMITED Shareholders

icrossing europe ltd 100%

icrossing limited directors

Icrossing Limited currently has 3 directors. The longest serving directors include Ms Debi Chirichella (Jul 2015) and Mr Thomas Ghareeb (Sep 2021).

officercountryagestartendrole
Ms Debi ChirichellaUnited States60 years Jul 2015- Director
Mr Thomas GhareebEngland58 years Sep 2021- Director
Mr Dmitry KlebanovEngland54 years Nov 2021- Director

P&L

December 2023

turnover

7.2m

-8%

operating profit

36k

-97%

gross margin

33.1%

-18.22%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

+0.1%

total assets

6.1m

-0.08%

cash

1.8m

+0.48%

net assets

Total assets minus all liabilities

icrossing limited company details

company number

03955760

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

March 2000

age

25

incorporated

UK

ultimate parent company

THE HEARST CORPORATION

accounts

Full Accounts

last accounts submitted

December 2023

previous names

spannerworks ltd (January 2008)

accountant

-

auditor

GALLOWAYS ACCOUNTING

address

the projects brighton, 8-9 ship street, brighton, BN1 1AD

Bank

HSBC BANK PLC

Legal Advisor

-

icrossing 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 icrossing limited. Currently there are 0 open charges and 4 have been satisfied in the past.

icrossing 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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icrossing limited Companies House Filings - See Documents

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