igel technology limited
igel technology limited Company Information
Company Number
05613471
Website
www.igel.comRegistered Address
5th floor, thames tower, station road, reading, berkshire, RG1 1LX
Industry
Retail sale of computers, peripheral units and software in specialised stores
Telephone
01183403400
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
igel technology gmbh 100%
igel technology limited Estimated Valuation
The estimated valuation range for igel technology limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £1.5m
igel technology limited Estimated Valuation
The estimated valuation range for igel technology limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £1.5m
igel technology limited Estimated Valuation
The estimated valuation range for igel technology limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £1.5m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Igel Technology Limited AI Business Plan
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Igel Technology Limited Overview
Igel Technology Limited is a live company located in reading, RG1 1LX with a Companies House number of 05613471. It operates in the retail sale of computers, peripheral units and software in specialised stores sector, SIC Code 47410. Founded in November 2005, it's largest shareholder is igel technology gmbh with a 100% stake. Igel Technology Limited is a established, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.
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Igel Technology Limited Health Check
Pomanda's financial health check has awarded Igel Technology Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £3m, make it larger than the average company (£784.3k)
- Igel Technology Limited
£784.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (3.5%)
- Igel Technology Limited
3.5% - Industry AVG
Production
with a gross margin of 24.1%, this company has a comparable cost of product (24.1%)
- Igel Technology Limited
24.1% - Industry AVG
Profitability
an operating margin of 12.8% make it more profitable than the average company (4.3%)
- Igel Technology Limited
4.3% - Industry AVG
Employees
with 46 employees, this is above the industry average (11)
46 - Igel Technology Limited
11 - Industry AVG
Pay Structure
on an average salary of £23.2k, the company has an equivalent pay structure (£23.2k)
- Igel Technology Limited
£23.2k - Industry AVG
Efficiency
resulting in sales per employee of £64.8k, this is less efficient (£144.3k)
- Igel Technology Limited
£144.3k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (52 days)
- Igel Technology Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (43 days)
- Igel Technology Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Igel Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Igel Technology Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 472%, this is a higher level of debt than the average (66.8%)
472% - Igel Technology Limited
66.8% - Industry AVG
igel technology limited Credit Report and Business Information
Igel Technology Limited Competitor Analysis
Perform a competitor analysis for igel technology limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
igel technology limited Ownership
IGEL TECHNOLOGY LIMITED group structure
Igel Technology Limited has no subsidiary companies.
Ultimate parent company
IGEL TECHNOLOGY GMBH
#0063182
1 parent
IGEL TECHNOLOGY LIMITED
05613471
igel technology limited directors
Igel Technology Limited currently has 2 directors. The longest serving directors include Mr Matthias Haas (Mar 2021) and Ms Margrit Ohlgart (Nov 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthias Haas | England | 48 years | Mar 2021 | - | Director |
| Ms Margrit Ohlgart | England | 56 years | Nov 2021 | - | Director |
IGEL TECHNOLOGY LIMITED financials
Igel Technology Limited's latest turnover from December 2022 is estimated at £3 million and the company has net assets of -£6.9 million. According to their latest financial statements, Igel Technology Limited has 46 employees and maintains cash reserves of £301.7 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 | 5,181,768 | 7,987,011 | 8,899,918 | 6,123,832 | 3,360,687 | 3,234,026 | 3,010,217 | 1,266,075 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 3,772,878 | 5,940,395 | 5,468,971 | 3,716,458 | 2,121,785 | 2,114,451 | 1,990,430 | 902,860 | ||||||
| Gross Profit | 1,408,890 | 2,046,616 | 3,430,947 | 2,407,374 | 1,238,902 | 1,119,575 | 1,019,787 | 363,215 | ||||||
| Admin Expenses | 1,777,436 | 1,839,225 | 1,840,501 | 1,465,136 | 994,328 | 647,866 | 688,471 | 664,864 | ||||||
| Operating Profit | -368,546 | 207,391 | 1,590,446 | 942,238 | 244,574 | 471,709 | 331,316 | -301,649 | ||||||
| Interest Payable | 6,461 | 0 | 0 | 215 | 9,829 | 16,801 | 12,575 | 12,750 | ||||||
| Interest Receivable | 678 | 14,943 | 2,653 | 0 | 0 | 0 | 0 | 3 | ||||||
| Pre-Tax Profit | -374,329 | 222,059 | 1,592,947 | 942,023 | 234,745 | 454,908 | 318,741 | -314,396 | ||||||
| Tax | 48,629 | -47,133 | -344,546 | -204,945 | -82,561 | 15,888 | 157,665 | 0 | ||||||
| Profit After Tax | -325,700 | 174,926 | 1,248,401 | 737,078 | 152,184 | 470,796 | 476,406 | -314,396 | ||||||
| Dividends Paid | 0 | 1,990,000 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | -325,700 | -1,815,074 | 1,248,401 | 737,078 | 152,184 | 470,796 | 476,406 | -314,396 | ||||||
| Employee Costs | 1,033,479 | 521,593 | ||||||||||||
| Number Of Employees | 46 | 44 | 38 | 26 | 15 | 15 | 18 | 19 | 16 | |||||
| EBITDA* | -362,193 | 213,063 | 1,594,028 | 944,094 | 246,094 | 472,929 | 332,142 | -300,095 |
* 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 | 35,077 | 28,820 | 39,264 | 33,042 | 19,218 | 4,995 | 6,519 | 10,874 | 9,468 | 3,927 | 2,614 | 2,776 | 1,768 | 1,120 |
| Intangible Assets | 0 | 0 | 0 | 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 | 35,077 | 28,820 | 39,264 | 33,042 | 19,218 | 4,995 | 6,519 | 10,874 | 9,468 | 3,927 | 2,614 | 2,776 | 1,768 | 1,120 |
| Stock & work in progress | 0 | 0 | 0 | 475,497 | 344 | 5,754 | 4,612 | 5,498 | 7,005 | 26,149 | 22,227 | 21,241 | 54,189 | 30,855 |
| Trade Debtors | 513,292 | 203,738 | 2,466,682 | 1,208,410 | 902,984 | 846,080 | 1,010,801 | 1,479,125 | 1,658,778 | 1,705,432 | 469,392 | 759,697 | 615,371 | 240,190 |
| Group Debtors | 0 | 0 | 0 | 60,197 | 203,954 | 92,611 | 62,009 | 0 | 725,499 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,010,816 | 1,867,246 | 1,704,643 | 768,918 | 242,289 | 75,362 | 101,147 | 168,761 | 48,549 | 27,647 | 116,712 | 191,594 | 170,082 | 7,732 |
| Cash | 301,716 | 719,791 | 1,292,343 | 1,026,326 | 584,643 | 370,953 | 574,678 | 314,189 | 22,314 | 139,397 | 43,457 | 25,565 | 63,064 | 33,251 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,825,824 | 2,790,775 | 5,463,668 | 3,539,348 | 1,934,214 | 1,390,760 | 1,753,247 | 1,967,573 | 2,462,145 | 1,898,625 | 651,788 | 998,097 | 902,706 | 312,028 |
| total assets | 1,860,901 | 2,819,595 | 5,502,932 | 3,572,390 | 1,953,432 | 1,395,755 | 1,759,766 | 1,978,447 | 2,471,613 | 1,902,552 | 654,402 | 1,000,873 | 904,474 | 313,148 |
| 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 | 55,268 | 83,932 | 97,803 | 21,410 | 42,269 | 15,375 | 42,955 | 48,537 | 13,760 | 51,829 | 12,929 | 4,351 | 6,332 | 13,267 |
| Group/Directors Accounts | 3,634,601 | 4,769,083 | 2,967,910 | 3,064,898 | 1,765,336 | 1,894,541 | 1,983,774 | 1,645,920 | 48,468 | 826,859 | 832,854 | 609,527 | 1,004,553 | 1,053,981 |
| 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 | 5,084,561 | 5,208,268 | 5,925,206 | 2,594,942 | 1,208,697 | 294,347 | 277,692 | 502,368 | 812,850 | 676,838 | 199,087 | 247,147 | 181,158 | 53,254 |
| total current liabilities | 8,774,430 | 10,061,283 | 8,990,919 | 5,681,250 | 3,016,302 | 2,204,263 | 2,304,421 | 2,196,825 | 875,078 | 1,555,526 | 1,044,870 | 861,025 | 1,192,043 | 1,120,502 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 682,500 | 725,879 | 682,500 |
| 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 | 8,060 | 3,267 | 3,267 | 3,267 | 3,267 | 849 | 1,108 | 1,685 | 1,524 | 416 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,060 | 3,267 | 3,267 | 3,267 | 3,267 | 849 | 1,108 | 1,685 | 1,524 | 416 | 0 | 682,500 | 725,879 | 682,500 |
| total liabilities | 8,782,490 | 10,064,550 | 8,994,186 | 5,684,517 | 3,019,569 | 2,205,112 | 2,305,529 | 2,198,510 | 876,602 | 1,555,942 | 1,044,870 | 1,543,525 | 1,917,922 | 1,803,002 |
| net assets | -6,921,589 | -7,244,955 | -3,491,254 | -2,112,127 | -1,066,137 | -809,357 | -545,763 | -220,063 | 1,595,011 | 346,610 | -390,468 | -542,652 | -1,013,448 | -1,489,854 |
| total shareholders funds | -6,921,589 | -7,244,955 | -3,491,254 | -2,112,127 | -1,066,137 | -809,357 | -545,763 | -220,063 | 1,595,011 | 346,610 | -390,468 | -542,652 | -1,013,448 | -1,489,854 |
| 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 | -368,546 | 207,391 | 1,590,446 | 942,238 | 244,574 | 471,709 | 331,316 | -301,649 | ||||||
| Depreciation | 20,547 | 23,995 | 21,212 | 13,732 | 6,384 | 5,272 | 6,353 | 5,672 | 3,582 | 1,856 | 1,520 | 1,220 | 826 | 1,554 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 48,629 | -47,133 | -344,546 | -204,945 | -82,561 | 15,888 | 157,665 | 0 | ||||||
| Stock | 0 | 0 | -475,497 | 475,153 | -5,410 | 1,142 | -886 | -1,507 | -19,144 | 3,922 | 986 | -32,948 | 23,334 | 30,855 |
| Debtors | -546,876 | -2,100,341 | 2,133,800 | 688,298 | 335,174 | -159,904 | -473,929 | -784,940 | 699,747 | 1,146,975 | -365,187 | 165,838 | 537,531 | 247,922 |
| Creditors | -28,664 | -13,871 | 76,393 | -20,859 | 26,894 | -27,580 | -5,582 | 34,777 | -38,069 | 38,900 | 8,578 | -1,981 | -6,935 | 13,267 |
| Accruals and Deferred Income | -123,707 | -716,938 | 3,330,264 | 1,386,245 | 914,350 | 16,655 | -224,676 | -310,482 | 136,012 | 477,751 | -48,060 | 65,989 | 127,904 | 53,254 |
| Deferred Taxes & Provisions | 4,793 | 0 | 0 | 0 | 2,418 | -259 | -577 | 161 | 1,108 | 416 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -69,584 | 676,833 | 667,930 | 105,319 | 488,252 | 419,935 | 49,911 | -512,351 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,134,482 | 1,801,173 | -96,988 | 1,299,562 | -129,205 | -89,233 | 337,854 | 1,597,452 | -778,391 | -5,995 | 223,327 | -395,026 | -49,428 | 1,053,981 |
| 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 | -682,500 | -43,379 | 43,379 | 682,500 |
| 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 | ||||||||||||||
| interest | -5,783 | 14,943 | 2,653 | -215 | -9,829 | -16,801 | -12,575 | -12,747 | ||||||
| cash flow from financing | 332,071 | 1,612,395 | -775,738 | -6,210 | -469,002 | -455,206 | -18,624 | 548,276 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | -418,075 | -572,552 | 266,017 | 441,683 | 213,690 | -203,725 | 260,489 | 291,875 | -117,083 | 95,940 | 17,892 | -37,499 | 29,813 | 33,251 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -418,075 | -572,552 | 266,017 | 441,683 | 213,690 | -203,725 | 260,489 | 291,875 | -117,083 | 95,940 | 17,892 | -37,499 | 29,813 | 33,251 |
P&L
December 2022turnover
3m
+34%
operating profit
381.3k
0%
gross margin
24.1%
-9.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-6.9m
-0.04%
total assets
1.9m
-0.34%
cash
301.7k
-0.58%
net assets
Total assets minus all liabilities
Similar Companies
igel technology limited company details
company number
05613471
Type
Private limited with Share Capital
industry
47410 - Retail sale of computers, peripheral units and software in specialised stores
incorporation date
November 2005
age
19
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
5th floor, thames tower, station road, reading, berkshire, RG1 1LX
last accounts submitted
December 2022
igel technology 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 did not find charges/mortgages relating to igel technology limited.
igel technology limited Companies House Filings - See Documents
| date | description | view/download |
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