coastal innovation limited
coastal innovation limited Company Information
Company Number
05741084
Next Accounts
4788 days late
Directors
Shareholders
hastings & bexhill renaissance ltd & land group (coastal) llp
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
innovation centre, highfield drive, st leonards, east sussex, TN38 9UH
Website
-coastal innovation limited Estimated Valuation
Pomanda estimates the enterprise value of COASTAL INNOVATION LIMITED at £114.4k based on a Turnover of £199k and 0.58x industry multiple (adjusted for size and gross margin).
coastal innovation limited Estimated Valuation
Pomanda estimates the enterprise value of COASTAL INNOVATION LIMITED at £0 based on an EBITDA of £-73k and a 4.14x industry multiple (adjusted for size and gross margin).
coastal innovation limited Estimated Valuation
Pomanda estimates the enterprise value of COASTAL INNOVATION LIMITED at £4.5m based on Net Assets of £2m and 2.3x industry multiple (adjusted for liquidity).
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Coastal Innovation Limited Overview
Coastal Innovation Limited is a live company located in st leonards, TN38 9UH with a Companies House number of 05741084. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2006, it's largest shareholder is hastings & bexhill renaissance ltd & land group (coastal) llp with a 100% stake. Coastal Innovation Limited is a established, micro sized company, Pomanda has estimated its turnover at £199k with unknown growth in recent years.
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Coastal Innovation Limited Health Check
Pomanda's financial health check has awarded Coastal Innovation Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
4 Weak
Size
annual sales of £199k, make it smaller than the average company (£1m)
£199k - Coastal Innovation Limited
£1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Coastal Innovation Limited
- - Industry AVG
Production
with a gross margin of 40.4%, this company has a comparable cost of product (40.4%)
40.4% - Coastal Innovation Limited
40.4% - Industry AVG
Profitability
an operating margin of -36.7% make it less profitable than the average company (6.8%)
-36.7% - Coastal Innovation Limited
6.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (24)
- Coastal Innovation Limited
24 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has an equivalent pay structure (£35.3k)
- Coastal Innovation Limited
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £99.5k, this is less efficient (£127.6k)
- Coastal Innovation Limited
£127.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Coastal Innovation Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2343 days, this is slower than average (38 days)
2343 days - Coastal Innovation Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Coastal Innovation Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is average cash available to meet short term requirements (24 weeks)
25 weeks - Coastal Innovation Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.7%, this is a similar level of debt than the average (71.8%)
68.7% - Coastal Innovation Limited
71.8% - Industry AVG
COASTAL INNOVATION LIMITED financials
Coastal Innovation Limited's latest turnover from March 2010 is £199 thousand and the company has net assets of £2 million. According to their latest financial statements, we estimate that Coastal Innovation Limited has 2 employees and maintains cash reserves of £949 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2010 | |
|---|---|
| Turnover | 199,000 |
| Other Income Or Grants | |
| Cost Of Sales | |
| Gross Profit | |
| Admin Expenses | |
| Operating Profit | -73,000 |
| Interest Payable | 0 |
| Interest Receivable | 3,000 |
| Pre-Tax Profit | -2,116,000 |
| Tax | 1,000 |
| Profit After Tax | -2,115,000 |
| Dividends Paid | 0 |
| Retained Profit | -2,115,000 |
| Employee Costs | |
| Number Of Employees | |
| EBITDA* | -73,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2010 | |
|---|---|
| Tangible Assets | 5,146,000 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 5,146,000 |
| Stock & work in progress | 0 |
| Trade Debtors | 0 |
| Group Debtors | 1,000 |
| Misc Debtors | 194,000 |
| Cash | 949,000 |
| misc current assets | 0 |
| total current assets | 1,144,000 |
| total assets | 6,290,000 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 762,000 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 1,140,000 |
| total current liabilities | 1,902,000 |
| loans | 2,420,000 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 2,420,000 |
| total liabilities | 4,322,000 |
| net assets | 1,968,000 |
| total shareholders funds | 1,968,000 |
| Mar 2010 | |
|---|---|
| Operating Activities | |
| Operating Profit | -73,000 |
| Depreciation | 0 |
| Amortisation | 0 |
| Tax | 1,000 |
| Stock | 0 |
| Debtors | 195,000 |
| Creditors | 762,000 |
| Accruals and Deferred Income | 1,140,000 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | 1,635,000 |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 2,420,000 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | 3,000 |
| cash flow from financing | 6,506,000 |
| cash and cash equivalents | |
| cash | 949,000 |
| overdraft | 0 |
| change in cash | 949,000 |
coastal innovation limited Credit Report and Business Information
Coastal Innovation Limited Competitor Analysis
Perform a competitor analysis for coastal innovation limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in TN38 area or any other competitors across 12 key performance metrics.
coastal innovation limited Ownership
COASTAL INNOVATION LIMITED group structure
Coastal Innovation Limited has no subsidiary companies.
Ultimate parent company
1 parent
COASTAL INNOVATION LIMITED
05741084
coastal innovation limited directors
Coastal Innovation Limited currently has 1 director, Mr Lindsay Neilson serving since Nov 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lindsay Neilson | 76 years | Nov 2008 | - | Director |
P&L
March 2010turnover
199k
0%
operating profit
-73k
0%
gross margin
40.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2010net assets
2m
0%
total assets
6.3m
0%
cash
949k
0%
net assets
Total assets minus all liabilities
coastal innovation limited company details
company number
05741084
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2010
previous names
pebble properties (marline) limited (June 2008)
shelfco (no. 3230) limited (April 2006)
accountant
-
auditor
-
address
innovation centre, highfield drive, st leonards, east sussex, TN38 9UH
Bank
AIB GROUP (UK) PLC
Legal Advisor
-
coastal innovation 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 coastal innovation limited. Currently there are 4 open charges and 0 have been satisfied in the past.
coastal innovation 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.
Click to start generating capital raising & share issue transactions for COASTAL INNOVATION LIMITED. This can take several minutes, an email will notify you when this has completed.
coastal innovation limited Companies House Filings - See Documents
| date | description | view/download |
|---|
