digital mobile innovations limited
digital mobile innovations limited Company Information
Company Number
05950953
Website
http://https://dminc.comRegistered Address
288 bishopsgate, london, EC2M 4QP
Industry
Other business support service activities n.e.c.
Telephone
02032909955
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
digital mobile innovations llc 100%
digital mobile innovations limited Estimated Valuation
Pomanda estimates the enterprise value of DIGITAL MOBILE INNOVATIONS LIMITED at £7.1m based on a Turnover of £10.6m and 0.67x industry multiple (adjusted for size and gross margin).
digital mobile innovations limited Estimated Valuation
Pomanda estimates the enterprise value of DIGITAL MOBILE INNOVATIONS LIMITED at £0 based on an EBITDA of £-1.3m and a 5.26x industry multiple (adjusted for size and gross margin).
digital mobile innovations limited Estimated Valuation
Pomanda estimates the enterprise value of DIGITAL MOBILE INNOVATIONS LIMITED at £0 based on Net Assets of £-8.8m and 2.54x industry multiple (adjusted for liquidity).
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Digital Mobile Innovations Limited Overview
Digital Mobile Innovations Limited is a live company located in london, EC2M 4QP with a Companies House number of 05950953. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2006, it's largest shareholder is digital mobile innovations llc with a 100% stake. Digital Mobile Innovations Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.6m with high growth in recent years.
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Digital Mobile Innovations Limited Health Check
Pomanda's financial health check has awarded Digital Mobile Innovations Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £10.6m, make it larger than the average company (£3.8m)
£10.6m - Digital Mobile Innovations Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3%)
15% - Digital Mobile Innovations Limited
3% - Industry AVG
Production
with a gross margin of 34.2%, this company has a comparable cost of product (38.8%)
34.2% - Digital Mobile Innovations Limited
38.8% - Industry AVG
Profitability
an operating margin of -12.7% make it less profitable than the average company (6.3%)
-12.7% - Digital Mobile Innovations Limited
6.3% - Industry AVG
Employees
with 42 employees, this is above the industry average (24)
42 - Digital Mobile Innovations Limited
24 - Industry AVG
Pay Structure
on an average salary of £81.4k, the company has a higher pay structure (£50.5k)
£81.4k - Digital Mobile Innovations Limited
£50.5k - Industry AVG
Efficiency
resulting in sales per employee of £251.2k, this is more efficient (£157.9k)
£251.2k - Digital Mobile Innovations Limited
£157.9k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (44 days)
20 days - Digital Mobile Innovations Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (33 days)
3 days - Digital Mobile Innovations Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Digital Mobile Innovations Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (24 weeks)
3 weeks - Digital Mobile Innovations Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 525.8%, this is a higher level of debt than the average (63.7%)
525.8% - Digital Mobile Innovations Limited
63.7% - Industry AVG
DIGITAL MOBILE INNOVATIONS LIMITED financials
Digital Mobile Innovations Limited's latest turnover from December 2022 is £10.6 million and the company has net assets of -£8.8 million. According to their latest financial statements, Digital Mobile Innovations Limited has 42 employees and maintains cash reserves of £677.5 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 | 10,552,091 | 8,024,531 | 6,438,516 | 6,884,508 | 7,770,592 | 6,790,637 | 6,157,558 | 5,609,704 | 4,862,455 | 6,220,867 | 403,965 | 350,251 | 397,053 | 178,937 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,944,019 | 4,691,425 | 4,265,571 | 4,087,822 | 3,512,467 | 3,564,583 | 3,266,942 | 2,464,876 | 3,269,684 | 3,186,823 | 53,997 | 82,655 | 129,059 | 85,829 |
| Gross Profit | 3,608,072 | 3,333,106 | 2,172,945 | 2,796,687 | 4,258,125 | 3,226,055 | 2,890,615 | 3,144,828 | 1,592,771 | 3,034,044 | 349,968 | 267,596 | 267,994 | 93,108 |
| Admin Expenses | 4,946,414 | 4,085,914 | 2,549,076 | 4,733,793 | 3,958,034 | 4,535,121 | 3,984,177 | 3,012,158 | 3,829,623 | 2,373,888 | 157,086 | 128,577 | ||
| Operating Profit | -1,338,342 | -752,808 | -376,131 | -1,937,106 | 300,091 | -1,309,066 | -1,093,562 | 132,670 | -2,236,852 | 660,156 | 110,908 | -35,469 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 17 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 1,128 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,338,342 | -752,808 | -376,131 | -1,937,106 | 301,219 | -1,309,066 | -1,093,562 | 132,670 | -2,236,852 | 660,156 | -34,192 | 30,023 | 110,894 | -35,486 |
| Tax | 84,659 | 88,917 | 6,737 | -194,539 | -118,872 | -119,551 | -49,855 | -44,937 | -23,848 | -170,453 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,253,683 | -663,892 | -369,394 | -2,131,645 | 182,347 | -1,428,617 | -1,143,418 | 87,733 | -2,260,701 | 489,703 | -34,192 | 30,023 | 110,894 | -35,486 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,253,683 | -663,892 | -369,394 | -2,131,645 | 182,347 | -1,428,617 | -1,143,418 | 87,733 | -2,260,701 | 489,703 | -34,192 | 30,023 | 110,894 | -35,486 |
| Employee Costs | 3,418,401 | 2,586,500 | 2,279,228 | 973,391 | 1,171,323 | 1,562,187 | 1,561,284 | 1,636,077 | 2,782,467 | 1,644,566 | ||||
| Number Of Employees | 42 | 37 | 33 | 88 | 114 | 139 | 149 | 140 | 128 | |||||
| EBITDA* | -1,309,726 | -724,460 | -343,965 | -1,861,002 | 382,775 | -1,210,871 | -1,002,441 | 434,264 | -2,158,696 | 736,161 | 110,908 | -35,469 |
* 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 | 71,355 | 79,879 | 141,615 | 128,432 | 172,846 | 230,778 | 258,802 | 248,632 | 243,613 | 191,363 | 0 | 0 | 0 | 0 |
| 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 | 2,749 | 2,749 | 2,098 | 2,098 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 387,924 | 305,572 | 315,541 | 5,199 |
| Total Fixed Assets | 71,356 | 79,880 | 141,615 | 128,433 | 172,847 | 230,778 | 258,802 | 248,633 | 243,614 | 191,364 | 390,673 | 308,321 | 317,639 | 7,297 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 590,925 | 1,644,998 | 706,211 | 794,485 | 1,714,863 | 1,019,702 | 985,530 | 1,663,498 | 1,503,221 | 2,404,035 | 0 | 0 | 0 | 0 |
| Group Debtors | 276,038 | 173,934 | 4,651,433 | 2,037,318 | 1,377,309 | 436,458 | 588,355 | 46,850 | 123,487 | 59,549 | 0 | 0 | 0 | 165,911 |
| Misc Debtors | 454,705 | 658,425 | 445,354 | 389,605 | 670,802 | 255,758 | 59,871 | 325,355 | 264,261 | 233,462 | 0 | 5,689 | 24,877 | 5,367 |
| Cash | 677,500 | 460,491 | 278,119 | 941,163 | 422,828 | 1,083,825 | 1,373,430 | 1,067,922 | 202,125 | 354,201 | 8,619 | 1,357 | 4,010 | 48,064 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,999,169 | 2,937,850 | 6,081,116 | 4,162,572 | 4,185,803 | 2,795,743 | 3,007,186 | 3,103,626 | 2,093,095 | 3,051,248 | 8,619 | 7,046 | 28,887 | 219,342 |
| total assets | 2,070,525 | 3,017,729 | 6,222,732 | 4,291,005 | 4,358,650 | 3,026,522 | 3,265,989 | 3,352,258 | 2,336,709 | 3,242,611 | 399,292 | 315,367 | 346,526 | 226,639 |
| 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 | 61,668 | 54,915 | 87,751 | 196,072 | 117,325 | 207,727 | 116,940 | 199,359 | 400,036 | 503,320 | 42,751 | 10,831 | 76,135 | 46,333 |
| Group/Directors Accounts | 10,074,627 | 10,181,182 | 13,946,708 | 9,588,240 | 7,422,086 | 6,461,263 | 4,348,245 | 3,221,799 | 2,494,081 | 1,570,654 | 67,735 | 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 | 737,498 | 903,160 | 850,201 | 1,012,130 | 1,524,529 | 1,522,382 | 1,803,261 | 1,933,686 | 2,137,918 | 1,167,685 | 22,583 | 4,121 | 0 | 20,808 |
| total current liabilities | 10,873,794 | 11,139,258 | 14,884,660 | 10,796,443 | 9,063,941 | 8,191,372 | 6,268,446 | 5,354,845 | 5,032,035 | 3,241,660 | 133,069 | 14,952 | 76,135 | 67,141 |
| 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 | 11,889 | 5,578 | 12,509 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,890 | 5,579 | 12,510 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,885,684 | 11,144,837 | 14,897,169 | 10,796,443 | 9,063,941 | 8,191,372 | 6,268,446 | 5,354,845 | 5,032,035 | 3,241,660 | 133,069 | 14,952 | 76,135 | 67,141 |
| net assets | -8,815,159 | -8,127,108 | -8,674,438 | -6,505,438 | -4,705,290 | -5,164,851 | -3,002,457 | -2,002,586 | -2,695,326 | 951 | 266,223 | 300,415 | 270,391 | 159,498 |
| total shareholders funds | -8,815,159 | -8,127,108 | -8,674,438 | -6,505,437 | -4,705,290 | -5,164,851 | -3,002,457 | -2,002,586 | -2,695,326 | 951 | 266,223 | 300,415 | 270,391 | 159,498 |
| 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 | -1,338,342 | -752,808 | -376,131 | -1,937,106 | 300,091 | -1,309,066 | -1,093,562 | 132,670 | -2,236,852 | 660,156 | 110,908 | -35,469 | ||
| Depreciation | 28,616 | 28,349 | 32,166 | 76,104 | 82,684 | 98,195 | 91,121 | 301,595 | 78,156 | 76,005 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 84,659 | 88,917 | 6,737 | -194,539 | -118,872 | -119,551 | -49,855 | -44,937 | -23,848 | -170,453 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,155,689 | -3,325,639 | 2,581,588 | -541,565 | 2,051,056 | 78,162 | -401,948 | 144,735 | -806,077 | 2,309,122 | 76,663 | -29,157 | 163,941 | 176,477 |
| Creditors | 6,753 | -32,835 | -108,322 | 78,748 | -90,402 | 90,787 | -82,419 | -200,677 | -103,284 | 460,569 | 31,920 | -65,304 | 29,802 | 46,333 |
| Accruals and Deferred Income | -165,662 | 52,959 | -161,929 | -512,399 | 2,147 | -280,879 | -130,425 | -204,232 | 970,233 | 1,145,102 | 18,462 | 4,121 | -20,808 | 20,808 |
| Deferred Taxes & Provisions | 6,311 | -6,931 | 12,509 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -221,976 | 2,703,290 | -3,176,558 | -1,947,627 | -1,875,408 | -1,598,676 | -863,192 | -160,316 | -509,518 | -137,743 | -44,039 | -144,805 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -38,964 | -49,446 | -86,136 | -129,665 | 0 | -186,613 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,749 | 0 | 651 | 0 | 2,098 |
| cash flow from investments | 0 | 0 | 0 | 0 | -38,964 | -49,446 | -86,136 | -129,665 | 0 | -183,864 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -106,555 | -3,765,526 | 4,358,467 | 2,166,154 | 960,823 | 2,113,018 | 1,126,446 | 727,718 | 923,426 | 1,502,919 | 67,735 | 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 1,128 | 0 | 0 | 0 | 0 | 0 | 0 | -14 | -17 | |
| cash flow from financing | 459,077 | -2,554,304 | 2,558,861 | 2,497,652 | 1,239,164 | 1,379,242 | 1,269,993 | 1,332,725 | 487,850 | 747,944 | 1 | -15 | 194,967 | |
| cash and cash equivalents | ||||||||||||||
| cash | 217,008 | 182,373 | -663,045 | 518,335 | -660,997 | -289,605 | 305,508 | 865,796 | -152,076 | 345,582 | 7,262 | -2,653 | -44,054 | 48,064 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 217,008 | 182,373 | -663,045 | 518,335 | -660,997 | -289,605 | 305,508 | 865,796 | -152,076 | 345,582 | 7,262 | -2,653 | -44,054 | 48,064 |
digital mobile innovations limited Credit Report and Business Information
Digital Mobile Innovations Limited Competitor Analysis
Perform a competitor analysis for digital mobile innovations limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in EC2M area or any other competitors across 12 key performance metrics.
digital mobile innovations limited Ownership
DIGITAL MOBILE INNOVATIONS LIMITED group structure
Digital Mobile Innovations Limited has no subsidiary companies.
Ultimate parent company
DIGITAL MANAGEMENT INC
#0098181
DIGITAL MOBILE INNOVATIONS LLC
#0081167
2 parents
DIGITAL MOBILE INNOVATIONS LIMITED
05950953
digital mobile innovations limited directors
Digital Mobile Innovations Limited currently has 2 directors. The longest serving directors include Mr Douglas Thurston (May 2023) and Mr Peter Carlson (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Douglas Thurston | United States | 51 years | May 2023 | - | Director |
| Mr Peter Carlson | United States | 44 years | May 2024 | - | Director |
P&L
December 2022turnover
10.6m
+31%
operating profit
-1.3m
+78%
gross margin
34.2%
-17.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-8.8m
+0.08%
total assets
2.1m
-0.31%
cash
677.5k
+0.47%
net assets
Total assets minus all liabilities
digital mobile innovations limited company details
company number
05950953
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2006
age
18
incorporated
UK
accounts
Group
ultimate parent company
previous names
golden gekko ltd (September 2014)
last accounts submitted
December 2022
address
288 bishopsgate, london, EC2M 4QP
accountant
-
auditor
GRANT THORNTON UK LLP
digital mobile innovations 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 digital mobile innovations limited.
digital mobile innovations limited Companies House Filings - See Documents
| date | description | view/download |
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