independents united limited

3.5

independents united limited Company Information

Share INDEPENDENTS UNITED LIMITED
Dissolved 

Company Number

05963939

Website

iu-hq.com

Registered 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

Directors

Shilen Patel17 Years

Francis Lampen17 Years

Shareholders

shilen patel 47.6%

frank lampen 47.6%

View All

independents united limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of INDEPENDENTS UNITED LIMITED at £2.5m based on a Turnover of £2.9m and 0.85x industry multiple (adjusted for size and gross margin).

independents united limited Estimated Valuation

£35.9k

Pomanda estimates the enterprise value of INDEPENDENTS UNITED LIMITED at £35.9k based on an EBITDA of £5.7k and a 6.26x industry multiple (adjusted for size and gross margin).

independents united limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of INDEPENDENTS UNITED LIMITED at £2.3m based on Net Assets of £778.6k and 2.99x 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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £2.9m, make it larger than the average company (£788.9k)

£2.9m - Independents United Limited

£788.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (4%)

-31% - Independents United Limited

4% - Industry AVG

production

Production

with a gross margin of 40.4%, this company has a comparable cost of product (40.4%)

40.4% - Independents United Limited

40.4% - Industry AVG

profitability

Profitability

an operating margin of -1.1% make it less profitable than the average company (7.1%)

-1.1% - Independents United Limited

7.1% - Industry AVG

employees

Employees

with 22 employees, this is above the industry average (15)

22 - Independents United Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)

£26.9k - Independents United Limited

£26.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £133.8k, this is more efficient (£81.4k)

£133.8k - Independents United Limited

£81.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is later than average (32 days)

58 days - Independents United Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (40 days)

32 days - Independents United Limited

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Independents United Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,943,5212,273,4882,362,9749,086,0885,659,5544,963,0224,915,5193,002,6420
Other Income Or Grants000000000
Cost Of Sales1,755,0241,337,4751,393,3325,428,9703,303,3562,824,5822,788,7431,664,5350
Gross Profit1,188,497936,013969,6423,657,1182,356,1982,138,4402,126,7761,338,1070
Admin Expenses1,221,128527,9551,274,1073,572,3552,317,1601,784,5372,052,9551,357,443-497,265
Operating Profit-32,631408,058-304,46584,76339,038353,90373,821-19,336497,265
Interest Payable000000000
Interest Receivable2,0478571,1278089051,5971,6231,8411,131
Pre-Tax Profit-30,584408,915-303,33885,57139,943355,50075,443-17,495498,396
Tax0-81,7830-17,970-9,187-85,320-19,6150-139,551
Profit After Tax-30,584327,132-303,33867,60130,756270,18055,828-17,495358,845
Dividends Paid000000000
Retained Profit-30,584327,132-303,33867,60130,756270,18055,828-17,495358,845
Employee Costs592,649500,207461,3852,778,2371,767,2491,547,2261,528,965945,2520
Number Of Employees22181699645656360
EBITDA*5,740439,365-261,603133,23177,699387,73898,262-1,913509,209

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets13,24241,97461,07397,185127,90877,39451,95648,29340,057
Intangible Assets000000000
Investments & Other0276,160216,159204,999179,999102,1092,5002,5000
Debtors (Due After 1 year)0000144,41516,52416,52416,52416,524
Total Fixed Assets13,242318,134277,232302,184452,322196,02770,98067,31756,581
Stock & work in progress000000002,348
Trade Debtors473,658351,220361,2711,056,860645,493595,112568,049351,943253,129
Group Debtors49,117300,08957,784000000
Misc Debtors522,785242,751361,923000000
Cash348,577470,212215,381235,25787,963273,854365,111283,970452,256
misc current assets000000000
total current assets1,394,1371,364,272996,3591,292,117733,456868,966933,160635,913707,733
total assets1,407,3791,682,4061,273,5911,594,3011,185,7781,064,9931,004,140703,230764,314
Bank overdraft000000000
Bank loan000000000
Trade Creditors 155,78978,445118,231806,726469,420380,549589,496347,685395,989
Group/Directors Accounts000000000
other short term finances000000000
hp & lease commitments000000000
other current liabilities471,117791,289666,382000000
total current liabilities626,906869,734784,613806,726469,420380,549589,496347,685395,989
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions1,8727,55510,99316,35212,73611,57811,9588,6876,471
total long term liabilities1,8727,55510,99316,35212,73611,57811,9588,6876,471
total liabilities628,778877,289795,606823,078482,156392,127601,454356,372402,460
net assets778,601805,117477,985771,223703,622672,866402,686346,858361,854
total shareholders funds778,601805,117477,985771,223703,622672,866402,686346,858361,854
Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-32,631408,058-304,46584,76339,038353,90373,821-19,336497,265
Depreciation38,37131,30742,86248,46838,66131,33524,44117,42311,944
Amortisation000002,500000
Tax0-81,7830-17,970-9,187-85,320-19,6150-139,551
Stock0000000-2,3482,348
Debtors151,500113,082-275,882266,952178,27227,063216,10698,814269,653
Creditors77,344-39,786-688,495337,30688,871-208,947241,811-48,304395,989
Accruals and Deferred Income-320,172124,907666,382000000
Deferred Taxes & Provisions-5,683-3,438-5,3593,6161,158-3803,2712,2166,471
Cash flow from operations-394,271326,183-13,193189,231-19,73166,028107,623-144,467500,117
Investing Activities
capital expenditure-9,639-12,208-6,750-17,745-89,175-59,273-28,104-25,659-52,001
Change in Investments-276,16060,00111,16025,00077,89099,60902,5000
cash flow from investments266,521-72,209-17,910-42,745-167,065-158,882-28,104-28,159-52,001
Financing Activities
Bank loans000000000
Group/Directors Accounts000000000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue4,068010,10000002,4993,009
interest2,0478571,1278089051,5971,6231,8411,131
cash flow from financing6,11585711,2278089051,5971,6234,3404,140
cash and cash equivalents
cash-121,635254,831-19,876147,294-185,891-91,25781,141-168,286452,256
overdraft000000000
change in cash-121,635254,831-19,876147,294-185,891-91,25781,141-168,286452,256

independents united 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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Independents United Limited Competitor Analysis

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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 Shareholders

shilen patel 47.62%
frank lampen 47.62%
robert povey 1.86%
andrew gittins 1.45%
cc-lab ltd 1.45%

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).

officercountryagestartendrole
Mr Shilen PatelEngland52 years Oct 2006- Director
Mr Francis LampenEngland51 years Oct 2006- Director

P&L

December 2017

turnover

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 2017

net 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

None

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.

charges

independents united limited Companies House Filings - See Documents

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