Reminiscence Limited

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reminiscence limited Company Information

Live

EstablishedMicroDeclining

Company Number

06138851

Website

reminiscence.com

Registered Address

20-22 wenlock road, london, N1 7GU

Industry

Computer consultancy activities

Telephone

01243671565

Next Accounts Due

December 2024

Group Structure

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Directors

Ravinder Panesar17 Years

Shareholders

kirninder sehra 80%

ravinder panesar 20%

reminiscence limited Estimated Valuation

£55.4k

Pomanda estimates the enterprise value of REMINISCENCE LIMITED at £55.4k based on Net Assets of £24.9k and 2.22x industry multiple (adjusted for liquidity).

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Reminiscence Limited is a live company located in london, N1 7GU with a Companies House number of 06138851. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2007, it's largest shareholder is kirninder sehra with a 80% stake. Reminiscence Limited is a established, micro sized company, Pomanda has estimated its turnover at £84.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Reminiscence Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £84.1k, make it smaller than the average company (£845.1k)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (4.7%)

EXPORT

Reminiscence Limited's latest turnover from March 2023 is estimated at £84.1 thousand and the company has net assets of £24.9 thousand. According to their latest financial statements, we estimate that Reminiscence Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	84,096	119,861	87,058	165,941	123,450	190,303	386,379	19,446	35,398	30,916	45,953	37,541	35,519	100,178
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	62,516	88,765	64,624	119,303	89,068	135,784	270,101	13,461	24,718	21,084	30,218	24,869	23,915	64,864
Gross Profit	21,580	31,097	22,434	46,638	34,382	54,518	116,277	5,985	10,680	9,832	15,735	12,672	11,603	35,314
Admin Expenses	48,535	-3,723	64,587	41,081	104,004	71,291	103,601	31,991	5,082	-27,374	-4,181	-15,851	-17,783	-61,774
Operating Profit	-26,955	34,820	-42,153	5,557	-69,622	-16,773	12,676	-26,006	5,598	37,206	19,916	28,523	29,386	97,088
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	157	690	743	641	590	569	449	197
Pre-Tax Profit	-26,955	34,820	-42,153	5,557	-69,622	-16,773	12,834	-25,316	6,341	37,847	20,507	29,092	29,835	97,285
Tax	0	-6,616	0	-1,056	0	0	-2,567	0	-1,332	-8,705	-4,922	-7,564	-8,354	-27,240
Profit After Tax	-26,955	28,204	-42,153	4,501	-69,622	-16,773	10,267	-25,316	5,009	29,142	15,585	21,528	21,481	70,045
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-26,955	28,204	-42,153	4,501	-69,622	-16,773	10,267	-25,316	5,009	29,142	15,585	21,528	21,481	70,045
Employee Costs	53,040	49,103	45,869	46,288	53,205	51,427	109,635	57,634	57,796	56,029	54,087	53,985	52,125	52,931
Number Of Employees	1	1	1	1	1	1	2	1	1	1	1	1	1	1
EBITDA*	-26,955	34,820	-42,153	5,557	-69,622	-16,773	12,676	-20,978	10,877	42,989	26,152	33,591	33,256	100,838

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	6,100	8,185	7,663	12,518	17,125	54,094	16,676	15,084	15,832	17,349	18,710	15,203	11,612	11,253
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	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,100	8,185	7,663	12,518	17,125	54,094	16,676	15,084	15,832	17,349	18,710	15,203	11,612	11,253
Stock & work in progress	0	0	0	0	0	0	0	7,200	7,350	7,650	7,300	950	950	3,105
Trade Debtors	35,003	56,334	50,402	94,253	66,235	96,644	152,273	4,150	8,400	6,357	11,145	8,700	8,465	24,436
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	371	336	0	0	0	0	0	0	0	1,623	6,045	0	0	0
Cash	0	0	0	0	0	0	0	125,919	150,100	146,909	109,508	126,555	100,932	78,612
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	35,374	56,670	50,402	94,253	66,235	96,644	152,273	137,269	165,850	162,539	133,998	136,205	110,347	106,153
total assets	41,474	64,855	58,065	106,771	83,360	150,738	168,949	152,353	181,682	179,888	152,708	151,408	121,959	117,406
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	16,531	12,957	1,371	40,924	22,014	19,770	21,208	13,879	17,892	21,107	23,069	20,427	20,070	46,361
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	16,927	9,363	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	16,531	12,957	1,371	40,924	22,014	19,770	21,208	13,879	17,892	21,107	23,069	37,354	29,433	46,361
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	33,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	33,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	16,531	12,957	34,371	40,924	22,014	19,770	21,208	13,879	17,892	21,107	23,069	37,354	29,433	46,361
net assets	24,943	51,898	23,694	65,847	61,346	130,968	147,741	138,474	163,790	158,781	129,639	114,054	92,526	71,045
total shareholders funds	24,943	51,898	23,694	65,847	61,346	130,968	147,741	138,474	163,790	158,781	129,639	114,054	92,526	71,045

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-26,955	34,820	-42,153	5,557	-69,622	-16,773	12,676	-26,006	5,598	37,206	19,916	28,523	29,386	97,088
Depreciation	0	0	0	0	0	0	0	5,028	5,279	5,783	6,236	5,068	3,870	3,750
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,616	0	-1,056	0	0	-2,567	0	-1,332	-8,705	-4,922	-7,564	-8,354	-27,240
Stock	0	0	0	0	0	0	-7,200	-150	-300	350	6,350	0	-2,155	3,105
Debtors	-21,296	6,268	-43,851	28,018	-30,409	-55,629	148,123	-4,250	420	-9,210	8,490	235	-15,971	24,436
Creditors	3,574	11,586	-39,553	18,910	2,244	-1,438	7,329	-4,013	-3,215	-1,962	2,642	357	-26,291	46,361
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,085	33,522	-37,855	-4,607	-36,969	37,418	-123,485	-20,591	6,210	41,182	9,032	26,149	16,737	92,418
Investing Activities
capital expenditure	2,085	-522	4,855	4,607	36,969	-37,418	-1,592	-4,280	-3,762	-4,422	-9,743	-8,659	-4,229	-15,003
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,085	-522	4,855	4,607	36,969	-37,418	-1,592	-4,280	-3,762	-4,422	-9,743	-8,659	-4,229	-15,003
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-16,927	7,564	9,363	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	-33,000	33,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-1,000	0	0	0	0	0	0	1,000
interest	0	0	0	0	0	0	157	690	743	641	590	569	449	197
cash flow from financing	0	-33,000	33,000	0	0	0	-843	690	743	641	-16,337	8,133	9,812	1,197
cash and cash equivalents
cash	0	0	0	0	0	0	-125,919	-24,181	3,191	37,401	-17,047	25,623	22,320	78,612
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-125,919	-24,181	3,191	37,401	-17,047	25,623	22,320	78,612

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REMINISCENCE LIMITED group structure

Reminiscence Limited has no subsidiary companies.

Ultimate parent company

REMINISCENCE LIMITED

06138851

REMINISCENCE LIMITED Shareholders

kirninder sehra	80%
ravinder panesar	20%

Reminiscence Limited currently has 1 director, Mr Ravinder Panesar serving since Mar 2007.

officer	country	age	start	end	role
Mr Ravinder Panesar	United Kingdom	50 years	Mar 2007	-	Director

P&L

March 2023

turnover

84.1k

-30%

operating profit

-27k

gross margin

25.7%

-1.09%

turnover

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

Balance Sheet

March 2023

net assets

24.9k

-0.52%

total assets

41.5k

-0.36%

cash

net assets

Total assets minus all liabilities

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company number

06138851

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

March 2007

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

20-22 wenlock road, london, N1 7GU

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 reminiscence limited.

reminiscence limited Company Information

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