Nitro Ventures Ltd

POWER SEARCH PRICING

SOLUTIONS

nitro ventures ltd Company Information

Live

MatureLargeDeclining

Company Number

04293347

Website

www.nitro-ventures.com

Registered Address

100 castelnau, london, SW13 9EU

Industry

Computer consultancy activities

Telephone

01923431691

Next Accounts Due

December 2024

Group Structure

View All

Directors

Julian Pancholi22 Years

Julian Mountford21 Years

Shareholders

nitro ventures holdings ltd 100%

nitro ventures ltd Estimated Valuation

£27.9m

Pomanda estimates the enterprise value of NITRO VENTURES LTD at £27.9m based on Net Assets of £13.3m and 2.11x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Nitro Ventures Ltd is a live company located in london, SW13 9EU with a Companies House number of 04293347. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2001, it's largest shareholder is nitro ventures holdings ltd with a 100% stake. Nitro Ventures Ltd is a mature, large sized company, Pomanda has estimated its turnover at £28.4m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Nitro Ventures Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £28.4m, make it larger than the average company (£876.1k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.7%)

EXPORT

Nitro Ventures Ltd's latest turnover from March 2023 is estimated at £28.4 million and the company has net assets of £13.3 million. According to their latest financial statements, Nitro Ventures Ltd has 3 employees and maintains cash reserves of 0 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	28,431,996	23,679,707	21,846,693	33,112,562	34,274,543	1,097,165	979,231	409,384	4,557,614	4,056,915	1,413,942	1,356,173	1,154,015	2,475,243
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	21,255,880	17,566,425	16,225,808	23,824,674	24,713,688	207,834	232,541	228,804	3,184,296	2,757,739	927,558	900,473	777,456	1,606,262
Gross Profit	7,176,116	6,113,282	5,620,885	9,287,888	9,560,854	889,331	746,690	180,580	1,373,319	1,299,177	486,385	455,700	376,558	868,981
Admin Expenses	10,567,318	6,376,985	4,761,373	14,336,917	10,179,813	916,577	1,670,686	610,321	1,373,402	155,087	305,544	312,145	279,004	842,854
Operating Profit	-3,391,202	-263,703	859,512	-5,049,029	-618,959	-27,246	-923,996	-429,741	-83	1,144,090	180,841	143,555	97,554	26,127
Interest Payable	0	0	0	0	362,244	85,102	5,460	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	29,853	247,798	59,722	8,349	1,169	1,316	312	65	251	220
Pre-Tax Profit	-3,391,202	-263,703	859,512	-5,049,029	-951,350	-492,284	25,277,815	1,615,610	1,086	1,145,405	181,153	143,620	97,806	26,347
Tax	0	0	-163,307	0	0	415,750	-4,043,015	-324,714	-228	-263,443	-43,477	-37,341	-27,386	-7,377
Profit After Tax	-3,391,202	-263,703	696,205	-5,049,029	-951,350	-76,534	21,234,800	1,290,896	858	881,962	137,676	106,279	70,420	18,970
Dividends Paid	0	0	0	0	0	0	500,000	0	0	0	0	0	0	0
Retained Profit	-3,391,202	-263,703	696,205	-5,049,029	-951,350	-76,534	20,734,800	1,290,896	858	881,962	137,676	106,279	70,420	18,970
Employee Costs	158,188	146,388	135,724	184,470	9,204,548	177,368	177,729	64,164	1,155,229	1,007,044	378,606	378,219	312,240	691,659
Number Of Employees	3	3	3	4	173	3	3	2	20	18	7	7	6	13
EBITDA*	-3,391,202	-263,703	859,512	-5,049,029	-618,959	-25,260	-923,500	-429,121	-4	1,144,196	185,373	146,733	101,764	31,712

* 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	3,897,490	11,231,899	10,639,861	2,379,124	0	0	1,986	2,482	238	317	5,000	9,532	12,630	225,310
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	9,612,035	9,826,006	8,212,403	236,030	216,030	186,020	203,520	203,520	208,555	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,897,490	11,231,899	10,639,861	2,379,124	9,612,035	9,826,006	8,214,389	238,512	216,268	186,337	208,520	213,052	221,185	225,310
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	17,034,840	14,087,851	13,820,146	21,918,447	16,226,081	965,437	94,328	173,732	1,319,196	1,087,709	373,387	341,990	286,553	605,689
Group Debtors	0	0	0	0	0	11,923,867	3,440,902	1,299,302	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	3,210,755	137,481	57,244	0	0	0	0	0	0
Cash	0	0	0	0	0	7,960,807	13,072,584	268,027	52,492	414,945	111,275	13,374	12,592	87,993
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,034,840	14,087,851	13,820,146	21,918,447	16,226,081	24,060,866	16,745,295	1,798,305	1,371,688	1,502,654	484,662	355,364	299,145	693,682
total assets	20,932,330	25,319,750	24,460,007	24,297,571	25,838,116	33,886,872	24,959,684	2,036,817	1,587,956	1,688,991	693,182	568,416	520,330	918,992
Bank overdraft	0	0	0	0	0	10,733,152	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	7,662,971	8,659,189	7,535,743	8,069,512	4,561,028	208,772	130,515	65,188	371,787	473,680	359,833	372,743	430,936	900,018
Group/Directors Accounts	0	0	0	0	0	499,388	164,000	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	0	0	0	0	0	217,118	2,360,193	401,453	0	0	0	0	0	0
total current liabilities	7,662,971	8,659,189	7,535,743	8,069,512	4,561,028	11,658,430	2,654,708	466,641	371,787	473,680	359,833	372,743	430,936	900,018
loans	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
Accruals and Deferred Income	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	7,662,971	8,659,189	7,535,743	8,069,512	4,561,028	11,658,430	2,654,708	466,641	371,787	473,680	359,833	372,743	430,936	900,018
net assets	13,269,359	16,660,561	16,924,264	16,228,059	21,277,088	22,228,442	22,304,976	1,570,176	1,216,169	1,215,311	333,349	195,673	89,394	18,974
total shareholders funds	13,269,359	16,660,561	16,924,264	16,228,059	21,277,088	22,228,442	22,304,976	1,570,176	1,216,169	1,215,311	333,349	195,673	89,394	18,974

	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	-3,391,202	-263,703	859,512	-5,049,029	-618,959	-27,246	-923,996	-429,741	-83	1,144,090	180,841	143,555	97,554	26,127
Depreciation	0	0	0	0	0	1,986	496	620	79	106	4,532	3,178	4,210	5,585
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-163,307	0	0	415,750	-4,043,015	-324,714	-228	-263,443	-43,477	-37,341	-27,386	-7,377
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	2,946,989	267,705	-8,098,301	5,692,366	126,022	12,427,348	2,142,433	211,082	231,487	714,322	31,397	55,437	-319,136	605,689
Creditors	-996,218	1,123,446	-533,769	3,508,484	4,352,256	78,257	65,327	-306,599	-101,893	113,847	-12,910	-58,193	-469,082	900,018
Accruals and Deferred Income	0	0	0	0	-217,118	-2,143,075	1,958,740	401,453	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	-7,334,409	592,038	8,260,737	-7,232,911	3,390,157	-14,101,676	-5,084,881	-870,063	-333,612	280,278	97,589	-4,238	-75,568	318,664
Investing Activities
capital expenditure	7,334,409	-592,038	-8,260,737	-2,379,124	0	0	0	-2,864	0	4,577	0	-80	208,470	-230,895
Change in Investments	0	0	0	-9,612,035	-213,971	1,613,603	7,976,373	20,000	30,010	-17,500	0	-5,035	208,555	0
cash flow from investments	7,334,409	-592,038	-8,260,737	7,232,911	213,971	-1,613,603	-7,976,373	-22,864	-30,010	22,077	0	4,955	-85	-230,895
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-499,388	335,388	164,000	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	0	0	0	0	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	-4	0	0	-936,889	0	0	0	0	0	4
interest	0	0	0	0	-332,391	162,696	54,262	8,349	1,169	1,316	312	65	251	220
cash flow from financing	0	0	0	0	-831,783	498,084	218,262	-928,540	1,169	1,316	312	65	251	224
cash and cash equivalents
cash	0	0	0	0	-7,960,807	-5,111,777	12,804,557	215,535	-362,453	303,670	97,901	782	-75,401	87,993
overdraft	0	0	0	0	-10,733,152	10,733,152	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	2,772,345	-15,844,929	12,804,557	215,535	-362,453	303,670	97,901	782	-75,401	87,993

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for nitro ventures ltd. Get real-time insights into nitro ventures ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for nitro ventures ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

NITRO VENTURES LTD group structure

Nitro Ventures Ltd has 3 subsidiary companies.

Ultimate parent company

NITRO VENTURES HOLDINGS LIMITED

13991505

1 parent

NITRO VENTURES LTD

04293347

3 subsidiaries

NITRO DIGITAL LTD

05912017

NIXXIE LTD

05136792

ESTIMO TECHNOLOGIES LTD

10834851

NITRO VENTURES LTD Shareholders

nitro ventures holdings ltd

100%

Nitro Ventures Ltd currently has 2 directors. The longest serving directors include Mr Julian Pancholi (Nov 2001) and Mr Julian Mountford (Nov 2002).

officer	country	age	start	end	role
Mr Julian Pancholi	England	54 years	Nov 2001	-	Director
Mr Julian Mountford	England	53 years	Nov 2002	-	Director

P&L

March 2023

turnover

28.4m

+20%

operating profit

-3.4m

gross margin

25.3%

-2.23%

turnover

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

Balance Sheet

March 2023

net assets

13.3m

-0.2%

total assets

20.9m

-0.17%

cash

net assets

Total assets minus all liabilities

Similar Companies

Agree?

amtasano ltd

oasys systems limited

rsp consulting limited

4.5

frog it services limited

sgtek limited

company number

04293347

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

September 2001

age

accounts

Micro-Entity Accounts

ultimate parent company

NITRO VENTURES HOLDINGS LIMITED

previous names

businessline limited (November 2002)

incorporated

address

100 castelnau, london, SW13 9EU

last accounts submitted

March 2023

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 did not find charges/mortgages relating to nitro ventures ltd.

nitro ventures ltd Company Information

nitro ventures ltd Estimated Valuation

nitro ventures ltd Estimated Valuation

nitro ventures ltd Estimated Valuation

Nitro Ventures Ltd Overview

Nitro Ventures Ltd Health Check

NITRO VENTURES LTD financials

nitro ventures ltd Credit Report and Business Information

Nitro Ventures Ltd Competitor Analysis

nitro ventures ltd Ownership

nitro ventures ltd directors

nitro ventures ltd company details

nitro ventures ltd Charges & Mortgages

nitro ventures ltd Companies House Filings - See Documents