skiddle limited

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skiddle limited Company Information

Share SKIDDLE LIMITED

Company Number

05688116

Shareholders

richard dyer

benjamin peter sebborn

Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

ashley hall farm, inglewhite road, preston, PR3 2EB

skiddle limited Estimated Valuation

£16.6m

Pomanda estimates the enterprise value of SKIDDLE LIMITED at £16.6m based on a Turnover of £16.2m and 1.03x industry multiple (adjusted for size and gross margin).

skiddle limited Estimated Valuation

£33.4m

Pomanda estimates the enterprise value of SKIDDLE LIMITED at £33.4m based on an EBITDA of £4.8m and a 6.99x industry multiple (adjusted for size and gross margin).

skiddle limited Estimated Valuation

£17.7m

Pomanda estimates the enterprise value of SKIDDLE LIMITED at £17.7m based on Net Assets of £7.9m and 2.25x industry multiple (adjusted for liquidity).

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Skiddle Limited Overview

Skiddle Limited is a live company located in preston, PR3 2EB with a Companies House number of 05688116. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2006, it's largest shareholder is richard dyer with a 50% stake. Skiddle Limited is a established, mid sized company, Pomanda has estimated its turnover at £16.2m with declining growth in recent years.

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Skiddle Limited Health Check

Pomanda's financial health check has awarded Skiddle Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £16.2m, make it larger than the average company (£7.5m)

£16.2m - Skiddle Limited

£7.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (9%)

-8% - Skiddle Limited

9% - Industry AVG

production

Production

with a gross margin of 53.4%, this company has a comparable cost of product (48.7%)

53.4% - Skiddle Limited

48.7% - Industry AVG

profitability

Profitability

an operating margin of 23.3% make it more profitable than the average company (4%)

23.3% - Skiddle Limited

4% - Industry AVG

employees

Employees

with 82 employees, this is above the industry average (43)

82 - Skiddle Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £32k, the company has a lower pay structure (£72.6k)

£32k - Skiddle Limited

£72.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £197k, this is equally as efficient (£176.8k)

£197k - Skiddle Limited

£176.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 88 days, this is later than average (51 days)

88 days - Skiddle Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1108 days, this is slower than average (35 days)

1108 days - Skiddle Limited

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Skiddle Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (14 weeks)

52 weeks - Skiddle Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77.3%, this is a higher level of debt than the average (62.8%)

77.3% - Skiddle Limited

62.8% - Industry AVG

SKIDDLE LIMITED financials

EXPORTms excel logo

Skiddle Limited's latest turnover from March 2024 is £16.2 million and the company has net assets of £7.9 million. According to their latest financial statements, Skiddle Limited has 82 employees and maintains cash reserves of £26.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Dec 2009
Turnover16,150,58713,134,93110,838,82021,050,16610,898,2179,365,0916,934,0108,655,9954,486,8214,559,0911,526,548813,681540,969317,523
Other Income Or Grants
Cost Of Sales7,531,4805,445,8524,596,48110,471,6425,253,1164,419,9163,181,8233,979,0222,102,5122,116,849687,565379,026256,645144,494
Gross Profit8,619,1077,689,0796,242,33910,578,5255,645,1014,945,1753,752,1874,676,9732,384,3082,442,242838,983434,655284,325173,029
Admin Expenses4,863,5493,597,6143,341,8299,440,7275,588,8333,161,1022,567,5304,456,0212,034,8912,080,675611,540344,794238,004127,262-37,388
Operating Profit3,755,5584,091,4652,900,5101,137,79856,2681,784,0731,184,657220,952349,417361,567227,44389,86146,32145,76737,388
Interest Payable314,235161,69448,39461,0008,1258,125
Interest Receivable510,74949,0131,78811,56841,09640,76314,7274,2586,8944,9413,5491,9101,128373604
Pre-Tax Profit1,730,9123,978,7842,955,9091,088,36597,3641,824,8361,199,384225,210356,311358,384222,86891,77147,44946,14037,992
Tax-222,439-642,406-562,265-206,789-18,499-346,719-227,883-45,042-71,262-75,261-51,260-22,025-12,337-12,919-10,638
Profit After Tax1,508,4733,336,3782,393,644881,57678,8651,478,117971,501180,168285,049283,123171,60869,74635,11233,22127,354
Dividends Paid400,0003,240,000212,720
Retained Profit1,108,47396,3782,180,924881,57678,8651,478,117971,501180,168285,049283,123171,60869,74635,11233,22127,354
Employee Costs2,625,1692,101,6221,657,6993,068,8533,201,2002,732,277972,858750,1201,563,8541,616,206528,917307,066205,529145,938
Number Of Employees8273584953453429293010643
EBITDA*4,776,5514,859,1733,519,7141,252,688166,3061,929,9061,277,099298,064410,044393,222236,81697,20252,84049,47839,288

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Dec 2009
Tangible Assets837,789859,913825,719554,124665,672636,702681,821710,764683,501615,795408,82235,38427,35527,6997,600
Intangible Assets1,825,8371,322,359911,024754,047
Investments & Other
Debtors (Due After 1 year)889,7031,430,5801,114,9691,265,9551,322,218998,536862,000
Total Fixed Assets3,553,3293,612,8522,851,7122,574,1261,987,8901,635,2381,543,821710,764683,501615,795408,82235,38427,35527,6997,600
Stock & work in progress13,72515,4943,6865,98515,3022,025
Trade Debtors3,935,7651,306,3921,396,2381,990,5141,518,3041,159,086870,7931,686,038595,378597,363120,53973,16847,47531,9101,543
Group Debtors
Misc Debtors967,880427,971383,774272,173369,847106,59052,774
Cash26,081,09123,426,46920,768,28118,823,3914,311,6526,647,2314,222,7731,667,8511,738,3421,019,300957,268462,398301,724149,373241,510
misc current assets981,7721,002,045
total current assets30,984,73625,160,83222,548,29322,081,5757,217,3427,810,0035,099,5513,475,7812,388,5191,616,6631,077,807535,566349,199181,283243,053
total assets34,538,06528,773,68425,400,00524,655,7019,205,2329,445,2416,643,3724,186,5453,072,0202,232,4581,486,629570,950376,554208,982250,653
Bank overdraft
Bank loan433,333400,000400,000166,66510,770
Trade Creditors 22,879,48916,457,62514,685,20716,391,7145,040,2095,266,1074,122,2012,766,7731,878,8771,602,048917,342426,071303,021170,361223,199
Group/Directors Accounts
other short term finances
hp & lease commitments4,897
other current liabilities2,281,0083,737,8351,831,3491,549,497467,425629,389439,943307,745264,084
total current liabilities25,598,72720,595,46016,916,55618,107,8765,507,6345,895,4964,562,1443,074,5182,142,9611,602,048928,112426,071303,021170,361223,199
loans633,3341,033,3331,433,3331,833,335239,230
hp & lease commitments3,938
Accruals and Deferred Income
other liabilities
provisions448,106399,404401,007246,304110,98842,00051,60053,90051,10037,5009,5006,7005,1005,300
total long term liabilities1,085,3781,432,7371,834,3402,079,639110,98842,00051,60053,90051,10037,500248,7306,7005,1005,300
total liabilities26,684,10522,028,19718,750,89620,187,5155,618,6225,937,4964,613,7443,128,4182,194,0611,639,5481,176,842432,771308,121175,661223,199
net assets7,853,9606,745,4876,649,1094,468,1863,586,6103,507,7452,029,6281,058,127877,959592,910309,787138,17968,43333,32127,454
total shareholders funds7,853,9606,745,4876,649,1094,468,1863,586,6103,507,7452,029,6281,058,127877,959592,910309,787138,17968,43333,32127,454
Mar 2024Mar 2023Mar 2022Mar 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Dec 2009
Operating Activities
Operating Profit3,755,5584,091,4652,900,5101,137,79856,2681,784,0731,184,657220,952349,417361,567227,44389,86146,32145,76737,388
Depreciation194,064188,183113,184114,890110,038145,83392,44277,11260,62731,6559,3737,3416,5193,7111,900
Amortisation826,929579,525506,020
Tax-222,439-642,406-562,265-206,789-18,499-346,719-227,883-45,042-71,262-75,261-51,260-22,025-12,337-12,919-10,638
Stock-13,725-1,76911,808-2,299-9,31713,2772,025
Debtors2,628,405269,962-633,661318,2731,052,747424,829-59,8351,144,47650,789476,82447,37125,69315,56531,9101,543
Creditors6,421,8641,772,418-1,706,50711,351,505-225,8981,143,9061,355,428887,896276,829684,706491,271123,050132,660170,361223,199
Accruals and Deferred Income-1,456,8271,906,486281,8521,082,072-161,964189,446132,19843,661264,084
Deferred Taxes & Provisions48,702-1,603154,703135,31668,988-9,600-2,3002,80013,60028,0002,8001,600-2005,300
Cash flow from operations6,939,4467,624,1062,334,88313,298,288-1,235,6222,484,4092,603,69429,626840,481553,843632,256174,134157,398180,310250,306
Investing Activities
capital expenditure-757,389-139,008-100,714-63,499-104,375-128,333-238,628-382,811-15,370-6,175-31,410-9,500
Change in Investments
cash flow from investments-757,389-139,008-100,714-63,499-104,375-128,333-238,628-382,811-15,370-6,175-31,410-9,500
Financing Activities
Bank loans33,333233,335166,665-10,77010,770
Group/Directors Accounts
Other Short Term Loans
Long term loans-399,999-400,000-400,0021,833,335-239,230239,230
Hire Purchase and Lease Commitments8,835
other long term liabilities
share issue-1100100
interest196,514-112,681-46,606-49,43241,09640,76314,7274,2586,894-3,184-4,5761,9101,128373604
cash flow from financing-161,317-512,681-213,2741,950,56841,09640,76314,7274,2586,894-253,184245,4241,9101,128473704
cash and cash equivalents
cash2,654,6222,658,1881,944,89014,511,739-2,335,5792,424,4582,554,922-70,491719,04262,032494,870160,674152,351149,373241,510
overdraft
change in cash2,654,6222,658,1881,944,89014,511,739-2,335,5792,424,4582,554,922-70,491719,04262,032494,870160,674152,351149,373241,510

skiddle 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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Skiddle Limited Competitor Analysis

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Perform a competitor analysis for skiddle limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in PR3 area or any other competitors across 12 key performance metrics.

skiddle limited Ownership

SKIDDLE LIMITED group structure

Skiddle Limited has no subsidiary companies.

Ultimate parent company

SKIDDLE LIMITED

05688116

SKIDDLE LIMITED Shareholders

richard dyer 50%
benjamin peter sebborn 50%

skiddle limited directors

Skiddle Limited currently has 2 directors. The longest serving directors include Mr Benjamin Sebborn (Jan 2006) and Mr Richard Dyer (Jan 2006).

officercountryagestartendrole
Mr Benjamin SebbornEngland44 years Jan 2006- Director
Mr Richard DyerEngland42 years Jan 2006- Director

P&L

March 2024

turnover

16.2m

+23%

operating profit

3.8m

-8%

gross margin

53.4%

-8.84%

turnover

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

Balance Sheet

March 2024

net assets

7.9m

+0.16%

total assets

34.5m

+0.2%

cash

26.1m

+0.11%

net assets

Total assets minus all liabilities

skiddle limited company details

company number

05688116

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

January 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

PM & M SOLUTIONS FOR BUSINESS LLP

address

ashley hall farm, inglewhite road, preston, PR3 2EB

Bank

-

Legal Advisor

-

skiddle 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 3 charges/mortgages relating to skiddle limited. Currently there are 1 open charges and 2 have been satisfied in the past.

skiddle 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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skiddle limited Companies House Filings - See Documents

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