independents united limited
independents united limited Company Information
Company Number
05963939
Website
iu-hq.comRegistered Address
devonshire house, 60 goswell road, london, EC1M 7AD
Industry
Other personal service activities n.e.c.
Telephone
02077485208
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
shilen patel 47.6%
frank lampen 47.6%
View Allindependents united limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENTS UNITED LIMITED at £2.5m based on a Turnover of £2.9m and 0.84x industry multiple (adjusted for size and gross margin).
independents united limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENTS UNITED LIMITED at £39.3k based on an EBITDA of £5.7k and a 6.84x industry multiple (adjusted for size and gross margin).
independents united limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENTS UNITED LIMITED at £2.1m based on Net Assets of £778.6k and 2.7x industry multiple (adjusted for liquidity).
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Independents United Limited Overview
Independents United Limited is a dissolved company that was located in london, EC1M 7AD with a Companies House number of 05963939. It operated in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2006, it's largest shareholder was shilen patel with a 47.6% stake. The last turnover for Independents United Limited was estimated at £2.9m.
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Independents United Limited Health Check
Pomanda's financial health check has awarded Independents United Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £2.9m, make it larger than the average company (£788.9k)
- Independents United Limited
£788.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (4%)
- Independents United Limited
4% - Industry AVG
Production
with a gross margin of 40.4%, this company has a comparable cost of product (40.4%)
- Independents United Limited
40.4% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (7.1%)
- Independents United Limited
7.1% - Industry AVG
Employees
with 22 employees, this is above the industry average (15)
22 - Independents United Limited
15 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
- Independents United Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £133.8k, this is more efficient (£81.4k)
- Independents United Limited
£81.4k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (32 days)
- Independents United Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (40 days)
- Independents United Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Independents United Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is less cash available to meet short term requirements (38 weeks)
28 weeks - Independents United Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.7%, this is a lower level of debt than the average (49.7%)
44.7% - Independents United Limited
49.7% - Industry AVG
INDEPENDENTS UNITED LIMITED financials
Independents United Limited's latest turnover from December 2017 is estimated at £2.9 million and the company has net assets of £778.6 thousand. According to their latest financial statements, Independents United Limited has 22 employees and maintains cash reserves of £348.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 22 | 18 | 16 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,242 | 41,974 | 61,073 | 97,185 | 127,908 | 77,394 | 51,956 | 48,293 | 40,057 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 276,160 | 216,159 | 204,999 | 179,999 | 102,109 | 2,500 | 2,500 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 144,415 | 16,524 | 16,524 | 16,524 | 16,524 |
| Total Fixed Assets | 13,242 | 318,134 | 277,232 | 302,184 | 452,322 | 196,027 | 70,980 | 67,317 | 56,581 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,348 |
| Trade Debtors | 473,658 | 351,220 | 361,271 | 1,056,860 | 645,493 | 595,112 | 568,049 | 351,943 | 253,129 |
| Group Debtors | 49,117 | 300,089 | 57,784 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 522,785 | 242,751 | 361,923 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 348,577 | 470,212 | 215,381 | 235,257 | 87,963 | 273,854 | 365,111 | 283,970 | 452,256 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,394,137 | 1,364,272 | 996,359 | 1,292,117 | 733,456 | 868,966 | 933,160 | 635,913 | 707,733 |
| total assets | 1,407,379 | 1,682,406 | 1,273,591 | 1,594,301 | 1,185,778 | 1,064,993 | 1,004,140 | 703,230 | 764,314 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 155,789 | 78,445 | 118,231 | 806,726 | 469,420 | 380,549 | 589,496 | 347,685 | 395,989 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 471,117 | 791,289 | 666,382 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 626,906 | 869,734 | 784,613 | 806,726 | 469,420 | 380,549 | 589,496 | 347,685 | 395,989 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,872 | 7,555 | 10,993 | 16,352 | 12,736 | 11,578 | 11,958 | 8,687 | 6,471 |
| total long term liabilities | 1,872 | 7,555 | 10,993 | 16,352 | 12,736 | 11,578 | 11,958 | 8,687 | 6,471 |
| total liabilities | 628,778 | 877,289 | 795,606 | 823,078 | 482,156 | 392,127 | 601,454 | 356,372 | 402,460 |
| net assets | 778,601 | 805,117 | 477,985 | 771,223 | 703,622 | 672,866 | 402,686 | 346,858 | 361,854 |
| total shareholders funds | 778,601 | 805,117 | 477,985 | 771,223 | 703,622 | 672,866 | 402,686 | 346,858 | 361,854 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 38,371 | 31,307 | 42,862 | 48,468 | 38,661 | 31,335 | 24,441 | 17,423 | 11,944 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 2,500 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,348 | 2,348 |
| Debtors | 151,500 | 113,082 | -275,882 | 266,952 | 178,272 | 27,063 | 216,106 | 98,814 | 269,653 |
| Creditors | 77,344 | -39,786 | -688,495 | 337,306 | 88,871 | -208,947 | 241,811 | -48,304 | 395,989 |
| Accruals and Deferred Income | -320,172 | 124,907 | 666,382 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -5,683 | -3,438 | -5,359 | 3,616 | 1,158 | -380 | 3,271 | 2,216 | 6,471 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -276,160 | 60,001 | 11,160 | 25,000 | 77,890 | 99,609 | 0 | 2,500 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -121,635 | 254,831 | -19,876 | 147,294 | -185,891 | -91,257 | 81,141 | -168,286 | 452,256 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -121,635 | 254,831 | -19,876 | 147,294 | -185,891 | -91,257 | 81,141 | -168,286 | 452,256 |
independents united limited Credit Report and Business Information
Independents United Limited Competitor Analysis
Perform a competitor analysis for independents united limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
independents united limited Ownership
INDEPENDENTS UNITED LIMITED group structure
Independents United Limited has no subsidiary companies.
Ultimate parent company
INDEPENDENTS UNITED LIMITED
05963939
independents united limited directors
Independents United Limited currently has 2 directors. The longest serving directors include Mr Shilen Patel (Oct 2006) and Mr Francis Lampen (Oct 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shilen Patel | England | 52 years | Oct 2006 | - | Director |
| Mr Francis Lampen | England | 51 years | Oct 2006 | - | Director |
P&L
December 2017turnover
2.9m
+29%
operating profit
-32.6k
0%
gross margin
40.4%
-1.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
778.6k
-0.03%
total assets
1.4m
-0.16%
cash
348.6k
-0.26%
net assets
Total assets minus all liabilities
independents united limited company details
company number
05963939
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 2006
age
18
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
devonshire house, 60 goswell road, london, EC1M 7AD
last accounts submitted
December 2017
independents united 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 2 charges/mortgages relating to independents united limited. Currently there are 1 open charges and 1 have been satisfied in the past.
independents united limited Companies House Filings - See Documents
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