Versatile Multimedia Development Ltd

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versatile multimedia development ltd Company Information

Dissolved

Company Number

06371871

Website

versatiledev.co.uk

Registered Address

132 street lane, morley, leeds, LS27 7JB

Industry

Computer consultancy activities

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

Michael Parr17 Years

Sheila Parr7 Years

Shareholders

michael parr 85%

shiela parr 15%

versatile multimedia development ltd Estimated Valuation

£97.4k

Pomanda estimates the enterprise value of VERSATILE MULTIMEDIA DEVELOPMENT LTD at £97.4k based on an EBITDA of £25.4k and a 3.83x industry multiple (adjusted for size and gross margin).

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Versatile Multimedia Development Ltd is a dissolved company that was located in leeds, LS27 7JB with a Companies House number of 06371871. It operated in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2007, it's largest shareholder was michael parr with a 85% stake. The last turnover for Versatile Multimedia Development Ltd was estimated at £73k.

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Pomanda's financial health check has awarded Versatile Multimedia Development Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £73k, make it smaller than the average company (£550.2k)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (3.3%)

EXPORT

Versatile Multimedia Development Ltd's latest turnover from January 2022 is estimated at £73 thousand and the company has net assets of £20.6 thousand. According to their latest financial statements, Versatile Multimedia Development Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	73,042	136,416	142,154	217,711	68,524	37,579	40,517	25,035	22,543	18,153	12,317	18,004	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	52,839	96,191	99,919	153,908	47,859	25,382	27,946	16,842	14,718	11,669	8,158	11,488	0
Gross Profit	20,203	40,225	42,235	63,804	20,665	12,197	12,571	8,194	7,825	6,484	4,159	6,517	0
Admin Expenses	-5,229	38,160	80,459	5,463	60,815	-17,177	10,627	-8,139	-17,046	-19,046	26,312	-17,346	-6,427
Operating Profit	25,432	2,065	-38,224	58,341	-40,150	29,374	1,944	16,333	24,871	25,530	-22,153	23,863	6,427
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	130	153	205	378	321	247	155	131	195	107
Pre-Tax Profit	25,432	2,065	-38,224	58,470	-39,997	29,579	2,323	16,654	25,118	25,686	-22,022	24,058	6,533
Tax	-4,832	-392	0	-11,109	0	-5,916	-464	-3,497	-5,777	-6,165	0	-6,736	-1,829
Profit After Tax	20,600	1,673	-38,224	47,361	-39,997	23,663	1,858	13,157	19,341	19,521	-22,022	17,322	4,704
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	20,600	1,673	-38,224	47,361	-39,997	23,663	1,858	13,157	19,341	19,521	-22,022	17,322	4,704
Employee Costs	49,461	88,104	101,129	108,212	100,930	57,848	57,318	57,314	54,485	54,430	53,576	51,087	0
Number Of Employees	1	2	2	2	2	1	1	1	1	1	1	1	0
EBITDA*	25,432	2,065	-38,224	58,341	-36,029	30,737	4,212	18,224	27,030	27,054	-21,208	24,791	7,121

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	402	1,904	1,574	505	1,753	5,425	2,516	1,400	2,567	2,042	1,283	670	868
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	402	1,904	1,574	505	1,753	5,425	2,516	1,400	2,567	2,042	1,283	670	868
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	32,878	66,576	66,661	106,511	9,602	9,120	0	3,940	4,089	1,996	1,827	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	96	0
Cash	0	0	0	0	34,582	87,593	76,526	74,748	53,627	45,072	17,035	35,454	42,710
misc current assets	0	0	0	0	403	0	0	0	0	0	0	0	0
total current assets	32,878	66,576	66,661	106,511	44,587	96,713	76,526	78,688	57,716	47,068	18,862	35,550	42,710
total assets	33,280	68,480	68,235	107,016	46,340	102,138	79,042	80,088	60,283	49,110	20,145	36,220	43,578
Bank overdraft	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
Trade Creditors	12,680	20,123	21,551	22,108	0	0	25,151	28,055	21,407	29,575	15,658	14,184	38,864
Group/Directors Accounts	0	0	0	0	1,205	8,880	0	0	0	0	4,473	0	0
other short term finances	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
other current liabilities	0	0	0	0	7,578	15,704	0	0	0	0	0	0	0
total current liabilities	12,680	20,123	21,551	22,108	8,783	24,584	25,151	28,055	21,407	29,575	20,131	14,184	38,864
loans	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
Accruals and Deferred Income	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
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	12,680	20,123	21,551	22,108	8,783	24,584	25,151	28,055	21,407	29,575	20,131	14,184	38,864
net assets	20,600	48,357	46,684	84,908	37,557	77,554	53,891	52,033	38,876	19,535	14	22,036	4,714
total shareholders funds	20,600	48,357	46,684	84,908	37,557	77,554	53,891	52,033	38,876	19,535	14	22,036	4,714

	Jan 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	25,432	2,065	-38,224	58,341	-40,150	29,374	1,944	16,333	24,871	25,530	-22,153	23,863	6,427
Depreciation	0	0	0	0	4,121	1,363	2,268	1,891	2,159	1,524	945	928	694
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,832	-392	0	-11,109	0	-5,916	-464	-3,497	-5,777	-6,165	0	-6,736	-1,829
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	32,878	-85	-39,850	96,909	482	9,120	-3,940	-149	2,093	169	1,731	96	0
Creditors	12,680	-1,428	-557	22,108	0	-25,151	-2,904	6,648	-8,168	13,917	1,474	-24,680	38,864
Accruals and Deferred Income	0	0	0	-7,578	-8,126	15,704	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	402	330	1,069	-35,147	-44,637	6,254	4,784	21,524	10,992	34,637	-21,465	-6,721	44,156
Investing Activities
capital expenditure	-402	-330	-1,069	1,248	-449	-4,272	-3,384	-724	-2,684	-2,283	-1,558	-730	-1,562
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-402	-330	-1,069	1,248	-449	-4,272	-3,384	-724	-2,684	-2,283	-1,558	-730	-1,562
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-1,205	-7,675	8,880	0	0	0	-4,473	4,473	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	-10	0	0	0	0	0	0	0	0	10
interest	0	0	0	130	153	205	378	321	247	155	131	195	107
cash flow from financing	0	0	0	-1,085	-7,522	9,085	378	321	247	-4,318	4,604	195	117
cash and cash equivalents
cash	0	0	0	-34,582	-53,011	11,067	1,778	21,121	8,555	28,037	-18,419	-7,256	42,710
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-34,582	-53,011	11,067	1,778	21,121	8,555	28,037	-18,419	-7,256	42,710

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for versatile multimedia development ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in LS27 area or any other competitors across 12 key performance metrics.

VERSATILE MULTIMEDIA DEVELOPMENT LTD group structure

Versatile Multimedia Development Ltd has no subsidiary companies.

Ultimate parent company

VERSATILE MULTIMEDIA DEVELOPMENT LTD

06371871

VERSATILE MULTIMEDIA DEVELOPMENT LTD Shareholders

michael parr	85%
shiela parr	15%

Versatile Multimedia Development Ltd currently has 2 directors. The longest serving directors include Mr Michael Parr (Sep 2007) and Mrs Sheila Parr (Apr 2017).

officer	country	age	start	end	role
Mr Michael Parr	England	55 years	Sep 2007	-	Director
Mrs Sheila Parr	England	44 years	Apr 2017	-	Director

P&L

January 2022

turnover

73k

operating profit

25.4k

gross margin

27.7%

turnover

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

Balance Sheet

January 2022

net assets

20.6k

total assets

33.3k

cash

net assets

Total assets minus all liabilities

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company number

06371871

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

September 2007

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

shine multimedia solutions ltd (March 2011)

last accounts submitted

January 2022

address

132 street lane, morley, leeds, LS27 7JB

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 versatile multimedia development ltd.

versatile multimedia development ltd Company Information

versatile multimedia development ltd Estimated Valuation

versatile multimedia development ltd Estimated Valuation

versatile multimedia development ltd Estimated Valuation

Versatile Multimedia Development Ltd Overview

Versatile Multimedia Development Ltd Health Check

VERSATILE MULTIMEDIA DEVELOPMENT LTD financials

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versatile multimedia development ltd Ownership

versatile multimedia development ltd directors

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