Ikom Commercial Ltd

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ikom commercial ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06926607

Website

Registered Address

27 poundgate lane, coventry, west midlands, CV4 8HJ

Industry

Buying and selling of own real estate

Development of building projects

Telephone

Next Accounts Due

March 2025

Group Structure

View All

Directors

Sundeep Virk5 Years

Shareholders

sundeep singh virk 100%

ikom commercial ltd Estimated Valuation

£37.7k

Pomanda estimates the enterprise value of IKOM COMMERCIAL LTD at £37.7k based on a Turnover of £37.8k and 1x industry multiple (adjusted for size and gross margin).

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Ikom Commercial Ltd is a live company located in west midlands, CV4 8HJ with a Companies House number of 06926607. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2009, it's largest shareholder is sundeep singh virk with a 100% stake. Ikom Commercial Ltd is a established, micro sized company, Pomanda has estimated its turnover at £37.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Ikom Commercial Ltd a 1.5 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 Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £37.8k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (2.6%)

EXPORT

Ikom Commercial Ltd's latest turnover from June 2023 is estimated at £37.8 thousand and the company has net assets of -£18.8 thousand. According to their latest financial statements, Ikom Commercial Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	37,821	21,350	13,461	48,810	36,006	40,207	42,041	22,461	24,700	30,229	22,102	16,765	7,253	14,988
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	30,847	17,348	11,190	41,149	29,607	32,934	34,566	18,251	20,327	25,311	18,552	14,140	6,149	12,936
Gross Profit	6,975	4,002	2,271	7,661	6,399	7,272	7,475	4,210	4,373	4,918	3,551	2,625	1,103	2,051
Admin Expenses	7,291	4,359	2,661	17,411	1,685	2,337	7,352	4,210	4,373	4,918	12,901	2,745	1,433	8,219
Operating Profit	-316	-357	-390	-9,750	4,714	4,935	123	0	0	0	-9,350	-120	-330	-6,168
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	16	16
Pre-Tax Profit	-316	-357	-390	-9,750	4,714	4,935	123	0	0	0	-9,350	-120	-314	-6,152
Tax	0	0	0	0	-896	-938	-23	0	0	0	0	0	0	0
Profit After Tax	-316	-357	-390	-9,750	3,818	3,997	100	0	0	0	-9,350	-120	-314	-6,152
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-316	-357	-390	-9,750	3,818	3,997	100	0	0	0	-9,350	-120	-314	-6,152
Employee Costs	42,755	41,048	40,108	41,064	41,359	40,416	38,408	39,647	37,635	36,994	35,684	34,829	34,349	34,050
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-316	-357	-390	-9,750	4,714	4,935	123	0	0	0	-9,350	-120	-330	-6,168

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	9,350	9,350	9,350	0	9,350	0	0
Trade Debtors	1,802	2,088	125	0	9,350	9,350	9,350	0	0	0	0	0	0	0
Group Debtors	0	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	0	0	0
Cash	0	0	0	0	0	0	0	0	0	0	0	0	0	6,242
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,802	2,088	125	0	9,350	9,350	9,350	9,350	9,350	9,350	0	9,350	0	6,242
total assets	1,802	2,088	125	0	9,350	9,350	9,350	9,350	9,350	9,350	0	9,350	0	6,242
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	20,636	20,606	18,286	17,771	17,371	21,189	25,186	25,186	25,186	25,186	15,836	15,836	6,366	12,294
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	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	20,636	20,606	18,286	17,771	17,371	21,189	25,186	25,186	25,186	25,186	15,836	15,836	6,366	12,294
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	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	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	20,636	20,606	18,286	17,771	17,371	21,189	25,186	25,186	25,186	25,186	15,836	15,836	6,366	12,294
net assets	-18,834	-18,518	-18,161	-17,771	-8,021	-11,839	-15,836	-15,836	-15,836	-15,836	-15,836	-6,486	-6,366	-6,052
total shareholders funds	-18,834	-18,518	-18,161	-17,771	-8,021	-11,839	-15,836	-15,836	-15,836	-15,836	-15,836	-6,486	-6,366	-6,052

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-316	-357	-390	-9,750	4,714	4,935	123	0	0	0	-9,350	-120	-330	-6,168
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-896	-938	-23	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	-9,350	0	0	9,350	-9,350	9,350	0	0
Debtors	-286	1,963	125	-9,350	0	0	9,350	0	0	0	0	0	0	0
Creditors	30	2,320	515	400	-3,818	-3,997	0	0	0	9,350	0	9,470	-5,928	12,294
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	0	0	0	0	0	0	100	0	0	0	0	0	-6,258	6,126
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	0	0	0	0	0	16	16
cash flow from financing	0	0	0	0	0	0	-100	0	0	0	0	0	16	116
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	0	0	0	0	-6,242	6,242
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	0	0	0	0	-6,242	6,242

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 ikom commercial ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in CV4 area or any other competitors across 12 key performance metrics.

IKOM COMMERCIAL LTD group structure

Ikom Commercial Ltd has no subsidiary companies.

Ultimate parent company

IKOM COMMERCIAL LTD

06926607

IKOM COMMERCIAL LTD Shareholders

sundeep singh virk

100%

Ikom Commercial Ltd currently has 1 director, Mr Sundeep Virk serving since Sep 2018.

officer	country	age	start	end	role
Mr Sundeep Virk	England	44 years	Sep 2018	-	Director

P&L

June 2023

turnover

37.8k

+77%

operating profit

-316

gross margin

18.5%

-1.62%

turnover

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

Balance Sheet

June 2023

net assets

-18.8k

+0.02%

total assets

1.8k

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

06926607

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

41100 - Development of building projects

incorporation date

June 2009

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

27 poundgate lane, coventry, west midlands, CV4 8HJ

last accounts submitted

June 2023

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 ikom commercial ltd.

ikom commercial ltd Company Information

ikom commercial ltd Estimated Valuation

ikom commercial ltd Estimated Valuation

ikom commercial ltd Estimated Valuation

Ikom Commercial Ltd Overview

Ikom Commercial Ltd Health Check

IKOM COMMERCIAL LTD financials

ikom commercial ltd Credit Report and Business Information

Ikom Commercial Ltd Competitor Analysis

ikom commercial ltd Ownership

ikom commercial ltd directors

ikom commercial ltd company details

ikom commercial ltd Charges & Mortgages

ikom commercial ltd Companies House Filings - See Documents