avid technology group limited
avid technology group limited Company Information
Company Number
06846533
Website
avidtp.comRegistered Address
turntide drives eighth avenue, team valley trading estate, gateshead, NE11 0QA
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01670707040
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
turntide transport limited 100%
avid technology group limited Estimated Valuation
Pomanda estimates the enterprise value of AVID TECHNOLOGY GROUP LIMITED at £896.9k based on a Turnover of £712.7k and 1.26x industry multiple (adjusted for size and gross margin).
avid technology group limited Estimated Valuation
Pomanda estimates the enterprise value of AVID TECHNOLOGY GROUP LIMITED at £0 based on an EBITDA of £0 and a 5.06x industry multiple (adjusted for size and gross margin).
avid technology group limited Estimated Valuation
Pomanda estimates the enterprise value of AVID TECHNOLOGY GROUP LIMITED at £25.5m based on Net Assets of £14.9m and 1.71x industry multiple (adjusted for liquidity).
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Avid Technology Group Limited Overview
Avid Technology Group Limited is a live company located in gateshead, NE11 0QA with a Companies House number of 06846533. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2009, it's largest shareholder is turntide transport limited with a 100% stake. Avid Technology Group Limited is a established, small sized company, Pomanda has estimated its turnover at £712.7k with declining growth in recent years.
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Avid Technology Group Limited Health Check
Pomanda's financial health check has awarded Avid Technology Group Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 3 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
3 Weak
Size
annual sales of £712.7k, make it smaller than the average company (£18.1m)
- Avid Technology Group Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -52%, show it is growing at a slower rate (6.6%)
- Avid Technology Group Limited
6.6% - Industry AVG
Production
with a gross margin of 36.1%, this company has a comparable cost of product (36.1%)
- Avid Technology Group Limited
36.1% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Avid Technology Group Limited
- - Industry AVG
Employees
with 4 employees, this is below the industry average (106)
4 - Avid Technology Group Limited
106 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- Avid Technology Group Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £178.2k, this is equally as efficient (£178.2k)
- Avid Technology Group Limited
£178.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Avid Technology Group Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Avid Technology Group Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Avid Technology Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Avid Technology Group Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Avid Technology Group Limited
- - Industry AVG
AVID TECHNOLOGY GROUP LIMITED financials
Avid Technology Group Limited's latest turnover from December 2022 is estimated at £712.7 thousand and the company has net assets of £14.9 million. According to their latest financial statements, Avid Technology Group Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Jun 2021 | Jun 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 4 | 4 | 5 | 71 | 55 | 42 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Jun 2021 | Jun 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 274 | 1,027,693 | 1,284,262 | 529,248 | 14,836 | 0 | 235 | 391 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 666,980 | 658,428 | 685,244 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 14,912,056 | 14,912,056 | 14,375,474 | 746,034 | 0 | 0 | 0 | 10,604 | 10,604 | 10,604 | 10,604 | 10,604 | 10,602 | 10,602 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,503,290 | 0 | 0 | 426,651 | 140,161 |
| Total Fixed Assets | 14,912,056 | 14,912,056 | 14,375,474 | 746,308 | 1,694,673 | 1,942,690 | 1,214,492 | 25,440 | 10,604 | 1,514,129 | 10,995 | 10,604 | 437,253 | 150,763 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 840,763 | 563,663 | 608,373 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 616,732 | 533,316 | 679,249 | 2,092,149 | 2,555,248 | 0 | 941,934 | 1,091,994 | 178,931 | 77,821 |
| Group Debtors | 0 | 0 | 0 | 12,469,990 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 1,796,100 | 1,389,294 | 763,341 | 0 | 0 | 0 | 0 | 0 | 0 | 868 |
| Cash | 0 | 0 | 0 | 0 | 319,144 | 554,424 | 1,296,173 | 0 | 0 | 82 | 491 | 2,644 | 194,178 | 106,167 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 0 | 12,469,990 | 3,572,739 | 3,040,697 | 3,347,136 | 2,092,149 | 2,555,248 | 82 | 942,425 | 1,094,638 | 373,109 | 184,856 |
| total assets | 14,912,056 | 14,912,056 | 14,375,474 | 13,216,298 | 5,267,412 | 4,983,387 | 4,561,628 | 2,117,589 | 2,565,852 | 1,514,211 | 953,420 | 1,105,242 | 810,362 | 335,619 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 69,223 | 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 | 0 | 0 | 0 | 0 | 605,423 | 675,822 | 309,497 | 418,570 | 391,146 | 34,681 | 89,535 | 113,490 | 31,438 | 84,999 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 126,796 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 136,249 | 122,384 | 14,360 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 889,768 | 232,035 | 694,895 | 494,450 | 207,296 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 889,768 | 232,035 | 1,563,363 | 1,292,656 | 600,376 | 418,570 | 391,146 | 34,681 | 89,535 | 113,490 | 31,438 | 84,999 |
| loans | 0 | 0 | 0 | 4,301,655 | 3,547,094 | 2,055,022 | 2,055,022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 36,532 | 172,782 | 28,407 | 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 | 4,743,128 | 0 | 0 | 0 | 0 | 80,399 | 113,678 | 8,714 | 26,605 | 70,339 | 152,372 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 4,743,128 | 4,301,655 | 3,583,626 | 2,227,804 | 2,083,429 | 80,399 | 113,678 | 8,714 | 26,605 | 70,339 | 152,372 | 0 |
| total liabilities | 0 | 0 | 5,632,896 | 4,533,690 | 5,146,989 | 3,520,460 | 2,683,805 | 498,969 | 504,824 | 43,395 | 116,140 | 183,829 | 183,810 | 84,999 |
| net assets | 14,912,056 | 14,912,056 | 8,742,578 | 8,682,608 | 120,423 | 1,462,927 | 1,877,823 | 1,618,620 | 2,061,028 | 1,470,816 | 837,280 | 921,413 | 626,552 | 250,620 |
| total shareholders funds | 14,912,056 | 14,912,056 | 8,742,578 | 8,682,608 | 120,423 | 1,462,927 | 1,877,823 | 1,618,620 | 2,061,028 | 1,470,816 | 837,280 | 921,413 | 626,552 | 250,620 |
| Dec 2022 | Dec 2021 | Jun 2021 | Jun 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 274 | 4,671 | 612,670 | 340,955 | 84,388 | 1,649 | 0 | 156 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 232,878 | 200,364 | 160,148 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | -840,763 | 277,100 | -44,710 | 608,373 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -12,469,990 | -12,469,990 | 10,057,158 | 490,222 | 480,020 | -649,559 | -463,099 | 1,051,958 | 561,356 | -150,060 | 486,412 | 386,732 | 218,850 |
| Creditors | 0 | 0 | 0 | -605,423 | -70,399 | 366,325 | -109,073 | 27,424 | 356,465 | -54,854 | -23,955 | 82,052 | -53,561 | 84,999 |
| Accruals and Deferred Income | 0 | -232,035 | 657,733 | -462,860 | 200,445 | 287,154 | 207,296 | 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 | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 14,166,022 | 13,629,440 | 746,034 | 0 | 0 | -10,604 | 0 | 0 | 0 | 0 | 2 | 0 | 10,602 |
| cash flow from investments | ||||||||||||||
| 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 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -126,796 | 126,796 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -4,301,655 | -4,301,655 | 754,561 | 1,492,072 | 0 | 2,055,022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -172,781 | -122,385 | 252,399 | 42,767 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 4,743,128 | 0 | 0 | 0 | -80,399 | -33,279 | 104,964 | -17,891 | -43,734 | -82,033 | 152,372 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | -319,144 | -235,280 | -741,749 | 1,296,173 | 0 | -82 | -409 | -2,153 | -191,534 | 88,011 | 106,167 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -69,223 | 69,223 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -319,144 | -235,280 | -672,526 | 1,226,950 | 0 | -82 | -409 | -2,153 | -191,534 | 88,011 | 106,167 |
avid technology group limited Credit Report and Business Information
Avid Technology Group Limited Competitor Analysis
Perform a competitor analysis for avid technology group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
avid technology group limited Ownership
AVID TECHNOLOGY GROUP LIMITED group structure
Avid Technology Group Limited has 4 subsidiary companies.
Ultimate parent company
TURNTIDE TECHNOLOGIES INC
#0138869
2 parents
AVID TECHNOLOGY GROUP LIMITED
06846533
4 subsidiaries
avid technology group limited directors
Avid Technology Group Limited currently has 6 directors. The longest serving directors include Ms Roya Shakoori (Jun 2021) and Mr Michael Karim (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Roya Shakoori | 47 years | Jun 2021 | - | Director | |
| Mr Michael Karim | England | 52 years | Jun 2021 | - | Director |
| Mr Matthew Boyle | United Kingdom | 62 years | Jun 2021 | - | Director |
| Mr Michael Karim | England | 52 years | Jun 2021 | - | Director |
| Mr Mark Cox | England | 46 years | Oct 2022 | - | Director |
| Mr Steven Hornyak | United Kingdom | 58 years | Jun 2024 | - | Director |
P&L
December 2022turnover
712.7k
+11%
operating profit
0
0%
gross margin
36.1%
+3.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
14.9m
0%
total assets
14.9m
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
avid technology group limited company details
company number
06846533
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
March 2009
age
15
accounts
Small Company
ultimate parent company
previous names
msi holdings limited (February 2011)
incorporated
UK
address
turntide drives eighth avenue, team valley trading estate, gateshead, NE11 0QA
last accounts submitted
December 2022
avid technology group 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 3 charges/mortgages relating to avid technology group limited. Currently there are 0 open charges and 3 have been satisfied in the past.
avid technology group limited Companies House Filings - See Documents
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