ignite group ltd
ignite group ltd Company Information
Company Number
06660848
Next Accounts
Dec 2024
Industry
Activities of head offices
Shareholders
ignite group holdings ltd
Group Structure
View All
Contact
Registered Address
22 york buildings, john adams street, london, WC2N 6JU
Website
www.ignite-group.comignite group ltd Estimated Valuation
Pomanda estimates the enterprise value of IGNITE GROUP LTD at £369.2k based on a Turnover of £730.2k and 0.51x industry multiple (adjusted for size and gross margin).
ignite group ltd Estimated Valuation
Pomanda estimates the enterprise value of IGNITE GROUP LTD at £3.7m based on an EBITDA of £962.6k and a 3.82x industry multiple (adjusted for size and gross margin).
ignite group ltd Estimated Valuation
Pomanda estimates the enterprise value of IGNITE GROUP LTD at £0 based on Net Assets of £-1.1m and 1.99x industry multiple (adjusted for liquidity).
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Ignite Group Ltd Overview
Ignite Group Ltd is a dissolved company that was located in london, WC2N 6JU with a Companies House number of 06660848. It operated in the activities of head offices sector, SIC Code 70100. Founded in July 2008, it's largest shareholder was ignite group holdings ltd with a 100% stake. The last turnover for Ignite Group Ltd was estimated at £730.2k.
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Ignite Group Ltd Health Check
Pomanda's financial health check has awarded Ignite Group Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £730.2k, make it smaller than the average company (£17.8m)
- Ignite Group Ltd
£17.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.9%)
- Ignite Group Ltd
4.9% - Industry AVG
Production
with a gross margin of 31.5%, this company has a comparable cost of product (31.5%)
- Ignite Group Ltd
31.5% - Industry AVG
Profitability
an operating margin of 130.4% make it more profitable than the average company (5%)
- Ignite Group Ltd
5% - Industry AVG
Employees
with 6 employees, this is below the industry average (120)
6 - Ignite Group Ltd
120 - Industry AVG
Pay Structure
on an average salary of £38.7k, the company has an equivalent pay structure (£38.7k)
- Ignite Group Ltd
£38.7k - Industry AVG
Efficiency
resulting in sales per employee of £121.7k, this is less efficient (£159.9k)
- Ignite Group Ltd
£159.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ignite Group Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (47 days)
- Ignite Group Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ignite Group Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (12 weeks)
4 weeks - Ignite Group Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 237.1%, this is a higher level of debt than the average (61.9%)
237.1% - Ignite Group Ltd
61.9% - Industry AVG
IGNITE GROUP LTD financials
Ignite Group Ltd's latest turnover from March 2018 is estimated at £730.2 thousand and the company has net assets of -£1.1 million. According to their latest financial statements, Ignite Group Ltd has 6 employees and maintains cash reserves of £150.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,608,249 | 438,097 | 12,054,902 | 11,780,221 | 12,627,333 | 13,224,105 | 13,030,133 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 1,224,110 | 1,150,533 | 7,188,383 | 7,075,583 | 6,552,779 | 7,654,690 | 7,366,622 | ||
| Gross Profit | 384,139 | -712,436 | 4,866,519 | 4,704,638 | 6,074,554 | 5,569,415 | 5,663,511 | ||
| Admin Expenses | 1,169,819 | 481,600 | 6,016,250 | 5,423,560 | 6,933,713 | 5,162,685 | 4,450,603 | ||
| Operating Profit | -785,680 | -1,194,036 | -1,149,731 | -718,922 | -859,159 | 406,730 | 1,212,908 | ||
| Interest Payable | 11 | 0 | 48,522 | 63,733 | 29,057 | 63,816 | 88,311 | ||
| Interest Receivable | 0 | 30 | 80 | 185 | 22,001 | 36,589 | 39,527 | ||
| Pre-Tax Profit | -406,459 | 3,905,994 | -1,198,173 | 1,009,915 | -2,392,035 | 379,503 | 1,162,503 | ||
| Tax | 15,619 | -12,329 | 77,745 | -93,700 | 121,803 | -153,593 | -397,810 | ||
| Profit After Tax | -390,840 | 3,893,665 | -1,120,428 | 916,215 | -2,270,232 | 225,910 | 764,693 | ||
| Dividends Paid | 928,262 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -1,319,102 | 3,893,665 | -956,525 | 815,425 | -1,483,092 | 189,670 | 731,920 | ||
| Employee Costs | 0 | 0 | 4,379,206 | 4,296,472 | 4,697,735 | 5,435,101 | 4,070,598 | ||
| Number Of Employees | 6 | 9 | 19 | 222 | 213 | 206 | 261 | 232 | |
| EBITDA* | -765,552 | -1,173,649 | -134,555 | 134,153 | -150,930 | 999,723 | 1,886,587 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,702 | 9,543 | 20,032 | 36,996 | 3,395,547 | 4,144,456 | 3,156,948 | 3,475,812 | 3,611,307 |
| Intangible Assets | 0 | 0 | 0 | 0 | 329,578 | 361,954 | 394,329 | 426,706 | 459,077 |
| Investments & Other | 295,051 | 395,051 | 395,051 | 1,323,313 | 192,115 | 42,579 | 811,355 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 156,594 | 156,594 | 156,594 | 132,833 | 132,833 |
| Total Fixed Assets | 301,753 | 404,594 | 415,083 | 1,360,309 | 4,073,834 | 4,705,583 | 4,519,226 | 4,035,351 | 4,203,217 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 173,997 | 171,307 | 134,091 | 206,419 | 282,342 |
| Trade Debtors | 0 | 0 | 59,311 | 45,976 | 189,299 | 104,220 | 282,846 | 124,896 | 280,018 |
| Group Debtors | 285,730 | 124,575 | 2,328,079 | 2,644,747 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 30,394 | 36,031 | 49,400 | 44,112 | 114,669 | 145,693 | 260,377 | 399,317 | 251,242 |
| Cash | 150,122 | 543 | 679 | 1,656 | 1,818,694 | 924,116 | 1,798,327 | 2,358,249 | 2,453,586 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 466,246 | 161,149 | 2,437,469 | 2,736,491 | 2,296,659 | 1,345,336 | 2,475,641 | 3,088,881 | 3,267,188 |
| total assets | 767,999 | 565,743 | 2,852,552 | 4,096,800 | 6,370,493 | 6,050,919 | 6,994,867 | 7,124,232 | 7,470,405 |
| Bank overdraft | 0 | 802,568 | 972,326 | 956,438 | 922,894 | 0 | 76,033 | 79,605 | 237,920 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 82,877 | 131,986 | 78,096 | 97,730 | 662,642 | 728,640 | 859,350 | 827,405 | 941,692 |
| Group/Directors Accounts | 427,583 | 824,482 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 377,062 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 288,049 | 425,039 | 2,605 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,310,562 | 610,020 | 346,740 | 303,977 | 1,704,157 | 1,206,585 | 1,261,677 | 1,359,524 | 1,604,540 |
| total current liabilities | 1,821,022 | 2,369,056 | 1,685,211 | 1,783,184 | 3,292,298 | 1,935,225 | 2,574,122 | 2,266,534 | 2,784,152 |
| loans | 0 | 0 | 0 | 0 | 1,116,637 | 1,192,870 | 2,353,161 | 1,123,969 | 1,223,769 |
| 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 | 0 | 0 | 0 | 0 | 0 | 26,719 | 0 | 166,643 | 120,877 |
| total long term liabilities | 0 | 0 | 0 | 0 | 1,116,637 | 1,219,589 | 2,353,161 | 1,290,612 | 1,344,646 |
| total liabilities | 1,821,022 | 2,369,056 | 1,685,211 | 1,783,184 | 4,408,935 | 3,154,814 | 4,927,283 | 3,557,146 | 4,128,798 |
| net assets | -1,053,023 | -1,803,313 | 1,167,341 | 2,313,616 | 1,961,558 | 2,896,105 | 2,067,584 | 3,139,745 | 2,950,076 |
| total shareholders funds | -1,053,023 | -1,803,313 | 1,167,341 | 2,313,616 | 1,961,558 | 2,896,105 | 2,067,584 | 3,139,745 | 2,950,076 |
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -785,680 | -1,194,036 | -1,149,731 | -718,922 | -859,159 | 406,730 | 1,212,908 | ||
| Depreciation | 10,603 | 15,449 | 20,128 | 20,387 | 982,800 | 820,700 | 675,852 | 560,620 | 631,564 |
| Amortisation | 0 | 0 | 0 | 0 | 32,376 | 32,375 | 32,377 | 32,373 | 42,115 |
| Tax | 15,619 | -12,329 | 77,745 | -93,700 | 121,803 | -153,593 | -397,810 | ||
| Stock | 0 | 0 | 0 | -173,997 | 2,690 | 37,216 | -72,328 | -75,923 | 282,342 |
| Debtors | 155,518 | -2,276,184 | -298,045 | 2,274,273 | 54,055 | -293,310 | 42,771 | -7,047 | 664,093 |
| Creditors | -49,109 | 53,890 | -19,634 | -564,912 | -65,998 | -130,710 | 31,945 | -114,287 | 941,692 |
| Accruals and Deferred Income | 700,542 | 263,280 | 42,763 | -1,400,180 | 497,572 | -55,092 | -97,847 | -245,016 | 1,604,540 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -26,719 | 26,719 | -166,643 | 45,766 | 120,877 |
| Cash flow from operations | -428,759 | -5,251,346 | 291,300 | 137,464 | -232,115 | 615,563 | 3,209,451 | ||
| Investing Activities | |||||||||
| capital expenditure | -418,772 | -327,348 | -313,544 | -1,673,175 | -439,993 | -162,082 | |||
| Change in Investments | -100,000 | 0 | -928,262 | 1,131,198 | 149,536 | -768,776 | 811,355 | 0 | 0 |
| cash flow from investments | -1,549,970 | -476,884 | 455,232 | -2,484,530 | -439,993 | -162,082 | |||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -396,899 | 824,482 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -377,062 | 377,062 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -1,116,637 | -76,233 | -1,160,291 | 1,229,192 | -99,800 | 1,223,769 |
| Hire Purchase and Lease Commitments | 0 | -288,049 | -136,990 | 422,434 | 2,605 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -11 | 30 | -48,442 | -63,548 | -7,056 | -27,227 | -48,784 | ||
| cash flow from financing | 35,826 | -4,235,780 | -100,092 | -1,587,805 | 2,010,129 | -127,028 | 3,393,141 | ||
| cash and cash equivalents | |||||||||
| cash | 149,579 | -136 | -977 | -1,817,038 | 894,578 | -874,211 | -559,922 | -95,337 | 2,453,586 |
| overdraft | -802,568 | -169,758 | 15,888 | 33,544 | 922,894 | -76,033 | -3,572 | -158,315 | 237,920 |
| change in cash | 952,147 | 169,622 | -16,865 | -1,850,582 | -28,316 | -798,178 | -556,350 | 62,978 | 2,215,666 |
ignite group ltd Credit Report and Business Information
Ignite Group Ltd Competitor Analysis
Perform a competitor analysis for ignite group ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in WC2N area or any other competitors across 12 key performance metrics.
ignite group ltd Ownership
IGNITE GROUP LTD group structure
Ignite Group Ltd has 2 subsidiary companies.
Ultimate parent company
1 parent
IGNITE GROUP LTD
06660848
2 subsidiaries
ignite group ltd directors
Ignite Group Ltd currently has 2 directors. The longest serving directors include Mr Matthew Hermer (Apr 2009) and Mr Jonathan Shonn (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Hermer | United Kingdom | 53 years | Apr 2009 | - | Director |
| Mr Jonathan Shonn | 53 years | Oct 2019 | - | Director |
P&L
March 2018turnover
730.2k
-32%
operating profit
952k
0%
gross margin
31.5%
-1.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2018net assets
-1.1m
-0.42%
total assets
768k
+0.36%
cash
150.1k
+275.47%
net assets
Total assets minus all liabilities
Similar Companies
ignite group ltd company details
company number
06660848
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 2008
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2018
previous names
ignite bars limited (April 2009)
accountant
-
auditor
-
address
22 york buildings, john adams street, london, WC2N 6JU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
ignite group ltd 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 1 charges/mortgages relating to ignite group ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
ignite group ltd 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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ignite group ltd Companies House Filings - See Documents
| date | description | view/download |
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