image source group limited
image source group limited Company Information
Company Number
04647322
Next Accounts
519 days late
Shareholders
christina stella maria vaughan
michael jackson
View AllGroup Structure
View All
Industry
Other photographic activities (not including portrait and other specialist photography and film processing) n.e.c.
Registered Address
craftwork studios, 1-3 dufferin street, london, EC1Y 8NA
Website
www.imagesource.comimage source group limited Estimated Valuation
Pomanda estimates the enterprise value of IMAGE SOURCE GROUP LIMITED at £821.6k based on a Turnover of £1.8m and 0.45x industry multiple (adjusted for size and gross margin).
image source group limited Estimated Valuation
Pomanda estimates the enterprise value of IMAGE SOURCE GROUP LIMITED at £0 based on an EBITDA of £-3.8k and a 2.85x industry multiple (adjusted for size and gross margin).
image source group limited Estimated Valuation
Pomanda estimates the enterprise value of IMAGE SOURCE GROUP LIMITED at £506.4k based on Net Assets of £269.2k and 1.88x industry multiple (adjusted for liquidity).
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Image Source Group Limited Overview
Image Source Group Limited is a live company located in london, EC1Y 8NA with a Companies House number of 04647322. It operates in the photographic activities not elsewhere classified sector, SIC Code 74209. Founded in January 2003, it's largest shareholder is christina stella maria vaughan with a 50.9% stake. Image Source Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.
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Image Source Group Limited Health Check
Pomanda's financial health check has awarded Image Source Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.8m, make it in line with the average company (£2.1m)
- Image Source Group Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (2.1%)
- Image Source Group Limited
2.1% - Industry AVG
Production
with a gross margin of 55.5%, this company has a comparable cost of product (55.5%)
- Image Source Group Limited
55.5% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (4.6%)
- Image Source Group Limited
4.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (18)
3 - Image Source Group Limited
18 - Industry AVG
Pay Structure
on an average salary of £44.1k, the company has an equivalent pay structure (£44.1k)
- Image Source Group Limited
£44.1k - Industry AVG
Efficiency
resulting in sales per employee of £603.7k, this is more efficient (£114.2k)
- Image Source Group Limited
£114.2k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (30 days)
- Image Source Group Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 166 days, this is slower than average (42 days)
- Image Source Group Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Image Source Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (45 weeks)
0 weeks - Image Source Group Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.1%, this is a higher level of debt than the average (61.6%)
85.1% - Image Source Group Limited
61.6% - Industry AVG
IMAGE SOURCE GROUP LIMITED financials
Image Source Group Limited's latest turnover from December 2021 is estimated at £1.8 million and the company has net assets of £269.2 thousand. According to their latest financial statements, Image Source Group Limited has 3 employees and maintains cash reserves of £48 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 4,525,435 | 6,053,467 | 7,174,949 | ||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 1,338,310 | 1,750,764 | 2,023,382 | ||||||||||
| Gross Profit | 3,187,125 | 4,302,703 | 5,151,567 | ||||||||||
| Admin Expenses | 5,326,436 | 4,156,975 | 4,764,608 | ||||||||||
| Operating Profit | -2,139,311 | 145,728 | 386,959 | ||||||||||
| Interest Payable | 83,519 | 106,034 | 152,184 | ||||||||||
| Interest Receivable | 270 | ||||||||||||
| Pre-Tax Profit | -2,222,560 | 39,694 | 234,775 | ||||||||||
| Tax | -63,956 | -93,932 | -76,405 | ||||||||||
| Profit After Tax | -2,286,516 | -54,238 | 158,370 | ||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | -2,286,516 | -54,238 | 158,370 | ||||||||||
| Employee Costs | 2,410,534 | 2,448,756 | 2,600,863 | ||||||||||
| Number Of Employees | 3 | 3 | 3 | 6 | 5 | 5 | 40 | 54 | 54 | ||||
| EBITDA* | -1,862,441 | 446,387 | 725,781 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 697,088 | 666,157 | 601,922 | ||||||||||
| Intangible Assets | 246,571 | 265,657 | 284,743 | ||||||||||
| Investments & Other | 1,390 | 1,390 | 1,390 | 1,390 | 1,390 | 1,390 | 1,390 | 1,390 | 2,722 | 2,722 | |||
| Debtors (Due After 1 year) | 1,576,743 | 1,546,622 | 1,528,884 | 993,513 | 380,989 | 352,978 | 341,878 | ||||||
| Total Fixed Assets | 1,390 | 1,390 | 1,390 | 1,390 | 1,390 | 1,578,133 | 1,548,012 | 1,530,274 | 996,235 | 383,711 | 1,296,637 | 1,273,692 | 886,665 |
| Stock & work in progress | 755,160 | 1,142,588 | 1,373,230 | ||||||||||
| Trade Debtors | 212,655 | 210,705 | 159,177 | 220,727 | 68,770 | 45,140 | 161,418 | 328,646 | 449,458 | 536,662 | |||
| Group Debtors | 1,583,188 | 1,580,232 | |||||||||||
| Misc Debtors | 207,238 | 220,402 | 157,289 | 173,866 | 181,232 | 560,990 | 816,583 | ||||||
| Cash | 48 | 6 | 43 | 189 | 213 | 2,206 | 102 | 309 | 10,099 | 32 | 340,816 | 778,973 | 1,108,985 |
| misc current assets | 1,586,511 | 1,586,546 | 1,586,114 | ||||||||||
| total current assets | 1,799,214 | 1,797,257 | 1,745,334 | 1,790,615 | 1,800,847 | 222,933 | 226,161 | 219,315 | 171,517 | 32 | 1,605,854 | 2,932,009 | 3,835,460 |
| total assets | 1,800,604 | 1,798,647 | 1,746,724 | 1,792,005 | 1,802,237 | 1,801,066 | 1,774,173 | 1,749,589 | 1,167,752 | 383,743 | 2,902,491 | 4,205,701 | 4,722,125 |
| Bank overdraft | 468 | 468 | |||||||||||
| Bank loan | 191,680 | 383,328 | 383,328 | ||||||||||
| Trade Creditors | 367,965 | 324,724 | 245,995 | 280,636 | 17,708 | 58,633 | 503,108 | 35,799 | 41,094 | 349,426 | 370,784 | 331,721 | |
| Group/Directors Accounts | 48,483 | ||||||||||||
| other short term finances | 330,424 | 417,176 | |||||||||||
| hp & lease commitments | 10,541 | 30,710 | |||||||||||
| other current liabilities | 7,944 | 78,737 | 245,516 | 259,994 | 825,801 | ||||||||
| total current liabilities | 367,965 | 324,724 | 245,995 | 280,636 | 17,708 | 7,944 | 137,370 | 503,108 | 35,799 | 41,094 | 1,176,070 | 1,462,460 | 1,541,318 |
| loans | 1,454,558 | 196,680 | 580,008 | ||||||||||
| hp & lease commitments | 11,818 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 1,163,412 | 1,150,764 | 1,193,745 | 1,184,329 | 1,177,757 | 1,188,609 | 924,777 | 571,160 | 229,760 | 1,807,561 | |||
| provisions | |||||||||||||
| total long term liabilities | 1,163,412 | 1,150,764 | 1,193,745 | 1,184,329 | 1,177,757 | 1,188,609 | 924,777 | 571,160 | 229,760 | 1,807,561 | 1,466,376 | 196,680 | 580,008 |
| total liabilities | 1,531,377 | 1,475,488 | 1,439,740 | 1,464,965 | 1,195,465 | 1,196,553 | 1,062,147 | 1,074,268 | 265,559 | 1,848,655 | 2,642,446 | 1,659,140 | 2,121,326 |
| net assets | 269,227 | 323,159 | 306,984 | 327,040 | 606,772 | 604,513 | 712,026 | 675,321 | 902,193 | -1,464,912 | 260,045 | 2,546,561 | 2,600,799 |
| total shareholders funds | 269,227 | 323,159 | 306,984 | 327,040 | 606,772 | 604,513 | 712,026 | 675,321 | 902,193 | -1,464,912 | 260,045 | 2,546,561 | 2,600,799 |
| 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 | -2,139,311 | 145,728 | 386,959 | ||||||||||
| Depreciation | 257,784 | 281,573 | 319,736 | ||||||||||
| Amortisation | 19,086 | 19,086 | 19,086 | ||||||||||
| Tax | -63,956 | -93,932 | -76,405 | ||||||||||
| Stock | -755,160 | -387,428 | -230,642 | 1,373,230 | |||||||||
| Debtors | 1,950 | 51,528 | -1,631,249 | -10,208 | 3,164 | 24,789 | 24,791 | 592,959 | 773,942 | -481,867 | -489,470 | -919 | 1,353,245 |
| Creditors | 43,241 | 78,729 | -34,641 | 262,928 | 17,708 | -58,633 | -444,475 | 467,309 | -5,295 | -308,332 | -21,358 | 39,063 | 331,721 |
| Accruals and Deferred Income | -7,944 | -70,793 | 78,737 | -245,516 | -14,478 | -565,807 | 825,801 | ||||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | -1,085,335 | 57,272 | -919,577 | ||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | -290,974 | -345,723 | -120,807 | ||||||||||
| Change in Investments | -1,332 | 2,722 | |||||||||||
| cash flow from investments | -290,974 | -345,723 | -120,807 | ||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -191,680 | -191,648 | 383,328 | ||||||||||
| Group/Directors Accounts | -48,483 | 48,483 | |||||||||||
| Other Short Term Loans | -330,424 | -86,752 | 417,176 | ||||||||||
| Long term loans | -1,454,558 | 1,257,878 | -383,328 | 580,008 | |||||||||
| Hire Purchase and Lease Commitments | -22,359 | -8,351 | 30,710 | ||||||||||
| other long term liabilities | 12,648 | -42,981 | 9,416 | 6,572 | -10,852 | 263,832 | 353,617 | 341,400 | -1,577,801 | 1,807,561 | |||
| share issue | |||||||||||||
| interest | -83,249 | -106,034 | -152,184 | ||||||||||
| cash flow from financing | 936,361 | -41,476 | 3,253,581 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 42 | -37 | -146 | -24 | -1,993 | 2,104 | -207 | -9,790 | 10,067 | -340,784 | -438,157 | -330,012 | 1,108,985 |
| overdraft | -468 | 468 | |||||||||||
| change in cash | 42 | -37 | -146 | -24 | -1,993 | 2,104 | -207 | -9,790 | 10,067 | -340,784 | -437,689 | -330,012 | 1,108,517 |
image source group limited Credit Report and Business Information
Image Source Group Limited Competitor Analysis
Perform a competitor analysis for image source group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EC1Y area or any other competitors across 12 key performance metrics.
image source group limited Ownership
IMAGE SOURCE GROUP LIMITED group structure
Image Source Group Limited has 2 subsidiary companies.
Ultimate parent company
IMAGE SOURCE GROUP LIMITED
04647322
2 subsidiaries
image source group limited directors
Image Source Group Limited currently has 2 directors. The longest serving directors include Ms Christina Vaughan (Jun 2003) and Mr Michael Jackson (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Christina Vaughan | 57 years | Jun 2003 | - | Director | |
| Mr Michael Jackson | 74 years | Jan 2018 | - | Director |
P&L
December 2021turnover
1.8m
-2%
operating profit
-3.8k
0%
gross margin
55.5%
+2.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
269.2k
-0.17%
total assets
1.8m
0%
cash
48
+7%
net assets
Total assets minus all liabilities
Similar Companies
image source group limited company details
company number
04647322
Type
Private limited with Share Capital
industry
74209 - Other photographic activities (not including portrait and other specialist photography and film processing) n.e.c.
incorporation date
January 2003
age
22
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
image source group limited (October 2009)
mutanderis (458) limited (July 2003)
accountant
-
auditor
-
address
craftwork studios, 1-3 dufferin street, london, EC1Y 8NA
Bank
-
Legal Advisor
-
image source group 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 image source group limited. Currently there are 0 open charges and 4 have been satisfied in the past.
image source group 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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image source group limited Companies House Filings - See Documents
| date | description | view/download |
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