iv assure limited
iv assure limited Company Information
Company Number
06554264
Next Accounts
2905 days late
Shareholders
insurance ventures plc
lems limited
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ
Website
eva.virginia.goviv assure limited Estimated Valuation
Pomanda estimates the enterprise value of IV ASSURE LIMITED at £2.4m based on a Turnover of £2.9m and 0.84x industry multiple (adjusted for size and gross margin).
iv assure limited Estimated Valuation
Pomanda estimates the enterprise value of IV ASSURE LIMITED at £554.7k based on an EBITDA of £155.9k and a 3.56x industry multiple (adjusted for size and gross margin).
iv assure limited Estimated Valuation
Pomanda estimates the enterprise value of IV ASSURE LIMITED at £0 based on Net Assets of £-665.2k and 2.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Iv Assure Limited Overview
Iv Assure Limited is a live company located in milton keynes, MK5 8PJ with a Companies House number of 06554264. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in April 2008, it's largest shareholder is insurance ventures plc with a 80% stake. Iv Assure Limited is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.
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Iv Assure Limited Health Check
Pomanda's financial health check has awarded Iv Assure Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£7.9m)
£2.9m - Iv Assure Limited
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4%)
-7% - Iv Assure Limited
4% - Industry AVG
Production
with a gross margin of 38.7%, this company has a comparable cost of product (39.1%)
38.7% - Iv Assure Limited
39.1% - Industry AVG
Profitability
an operating margin of 4.4% make it as profitable than the average company (5.2%)
4.4% - Iv Assure Limited
5.2% - Industry AVG
Employees
with 30 employees, this is below the industry average (59)
30 - Iv Assure Limited
59 - Industry AVG
Pay Structure
on an average salary of £24.3k, the company has a lower pay structure (£51.1k)
£24.3k - Iv Assure Limited
£51.1k - Industry AVG
Efficiency
resulting in sales per employee of £95.2k, this is less efficient (£225.1k)
£95.2k - Iv Assure Limited
£225.1k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (44 days)
28 days - Iv Assure Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is close to average (47 days)
48 days - Iv Assure Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Iv Assure Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (10 weeks)
2 weeks - Iv Assure Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 270.4%, this is a higher level of debt than the average (69%)
270.4% - Iv Assure Limited
69% - Industry AVG
IV ASSURE LIMITED financials
Iv Assure Limited's latest turnover from June 2015 is £2.9 million and the company has net assets of -£665.2 thousand. According to their latest financial statements, Iv Assure Limited has 30 employees and maintains cash reserves of £26.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,854,593 | 2,742,329 | 4,203,683 | 3,592,665 | 1,023,648 | 951,641 | 552,233 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 1,750,832 | 1,542,895 | 2,822,712 | 2,445,546 | 678,312 | 824,683 | 498,562 |
| Gross Profit | 1,103,761 | 1,199,434 | 1,380,971 | 1,147,119 | 345,336 | 126,958 | 53,671 |
| Admin Expenses | 978,466 | 1,070,941 | 1,161,976 | 1,349,146 | 418,201 | 382,096 | 286,219 |
| Operating Profit | 125,295 | 128,493 | 218,995 | -202,027 | -72,865 | -255,138 | -232,548 |
| Interest Payable | 75,367 | 36,951 | 65 | 7,137 | 2,544 | 5,595 | 3,318 |
| Interest Receivable | |||||||
| Pre-Tax Profit | 49,928 | 91,542 | 218,930 | -209,164 | -75,409 | -260,733 | -235,866 |
| Tax | |||||||
| Profit After Tax | 49,928 | 91,542 | 218,930 | -209,164 | -75,409 | -260,733 | -235,866 |
| Dividends Paid | |||||||
| Retained Profit | 49,928 | 91,542 | 218,930 | -209,164 | -75,409 | -260,733 | -235,866 |
| Employee Costs | 728,556 | 783,856 | 904,981 | 1,043,483 | 318,746 | 269,472 | 204,596 |
| Number Of Employees | 30 | 33 | 44 | 29 | 14 | 7 | 4 |
| EBITDA* | 155,903 | 159,642 | 249,320 | -194,043 | -66,755 | -242,918 | -220,328 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,207 | 70,815 | 97,840 | 92,033 | 6,112 | 12,222 | 24,441 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 40,207 | 70,815 | 97,840 | 92,033 | 6,112 | 12,222 | 24,441 |
| Stock & work in progress | |||||||
| Trade Debtors | 221,589 | 234,652 | 350,782 | 389,986 | 285,852 | 159,211 | 100,759 |
| Group Debtors | 94,296 | 93,837 | 92,777 | 83,022 | 54,314 | 32,801 | |
| Misc Debtors | 8,093 | 143,212 | 120,621 | 186 | 24,349 | 22,732 | 16,124 |
| Cash | 26,258 | 45,258 | 143,915 | 99,770 | 47,160 | 23,337 | 313 |
| misc current assets | |||||||
| total current assets | 350,236 | 516,959 | 708,095 | 572,964 | 357,361 | 259,594 | 149,997 |
| total assets | 390,443 | 587,774 | 805,935 | 664,997 | 363,473 | 271,816 | 174,438 |
| Bank overdraft | 39,819 | 10,502 | |||||
| Bank loan | |||||||
| Trade Creditors | 230,449 | 339,531 | 1,525,280 | 1,495,191 | 916,499 | 548,134 | 294,565 |
| Group/Directors Accounts | 112,726 | 236,640 | 181,357 | ||||
| other short term finances | |||||||
| hp & lease commitments | 5,186 | 27,721 | |||||
| other current liabilities | 271,813 | 217,609 | 87,430 | 195,511 | 150,789 | 222,988 | 151,194 |
| total current liabilities | 542,081 | 567,642 | 1,612,710 | 1,690,702 | 1,180,014 | 1,012,948 | 654,837 |
| loans | 513,568 | 735,365 | |||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 513,568 | 735,365 | |||||
| total liabilities | 1,055,649 | 1,303,007 | 1,612,710 | 1,690,702 | 1,180,014 | 1,012,948 | 654,837 |
| net assets | -665,206 | -715,233 | -806,775 | -1,025,705 | -816,541 | -741,132 | -480,399 |
| total shareholders funds | -665,206 | -715,233 | -806,775 | -1,025,705 | -816,541 | -741,132 | -480,399 |
| Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 125,295 | 128,493 | 218,995 | -202,027 | -72,865 | -255,138 | -232,548 |
| Depreciation | 30,608 | 31,149 | 30,325 | 7,984 | 6,110 | 12,220 | 12,220 |
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -147,723 | -92,479 | 90,986 | 162,993 | 73,944 | 86,573 | 149,684 |
| Creditors | -109,082 | -1,185,749 | 30,089 | 578,692 | 368,365 | 253,569 | 294,565 |
| Accruals and Deferred Income | 54,204 | 130,179 | -108,081 | 44,722 | -72,199 | 71,794 | 151,194 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 248,748 | -803,449 | 80,342 | 266,378 | 155,467 | -4,128 | 75,747 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -112,726 | -123,914 | 55,283 | 181,357 | |||
| Other Short Term Loans | |||||||
| Long term loans | -221,797 | 735,365 | |||||
| Hire Purchase and Lease Commitments | -5,186 | -22,535 | 27,721 | ||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -75,367 | -36,951 | -65 | -7,137 | -2,544 | -5,595 | -3,318 |
| cash flow from financing | -297,065 | 698,414 | -65 | -119,863 | -131,644 | 27,153 | -38,773 |
| cash and cash equivalents | |||||||
| cash | -19,000 | -98,657 | 44,145 | 52,610 | 23,823 | 23,024 | 313 |
| overdraft | 29,317 | 10,502 | |||||
| change in cash | -48,317 | -109,159 | 44,145 | 52,610 | 23,823 | 23,024 | 313 |
iv assure limited Credit Report and Business Information
Iv Assure Limited Competitor Analysis
Perform a competitor analysis for iv assure limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in MK5 area or any other competitors across 12 key performance metrics.
iv assure limited Ownership
IV ASSURE LIMITED group structure
Iv Assure Limited has no subsidiary companies.
iv assure limited directors
Iv Assure Limited currently has 2 directors. The longest serving directors include Miss Kate Watson-Mitchell (Jul 2011) and Mr Mathew Page (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Kate Watson-Mitchell | England | 43 years | Jul 2011 | - | Director |
| Mr Mathew Page | 50 years | Jul 2014 | - | Director |
P&L
June 2015turnover
2.9m
+4%
operating profit
125.3k
-2%
gross margin
38.7%
-11.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2015net assets
-665.2k
-0.07%
total assets
390.4k
-0.34%
cash
26.3k
-0.42%
net assets
Total assets minus all liabilities
iv assure limited company details
company number
06554264
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
April 2008
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2015
previous names
N/A
accountant
-
auditor
-
address
1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
iv assure 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 iv assure limited.
iv assure limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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iv assure limited Companies House Filings - See Documents
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