i-resource ltd
i-resource ltd Company Information
Company Number
06954258
Next Accounts
Jan 2026
Shareholders
westminster bidco limited
Group Structure
View All
Industry
Business and domestic software development
Registered Address
5th floor 4 coleman street, london, EC2R 5AR
Website
http://ngagerecruitment.comi-resource ltd Estimated Valuation
Pomanda estimates the enterprise value of I-RESOURCE LTD at £1.7m based on a Turnover of £1.6m and 1.06x industry multiple (adjusted for size and gross margin).
i-resource ltd Estimated Valuation
Pomanda estimates the enterprise value of I-RESOURCE LTD at £0 based on an EBITDA of £-215k and a 6.46x industry multiple (adjusted for size and gross margin).
i-resource ltd Estimated Valuation
Pomanda estimates the enterprise value of I-RESOURCE LTD at £0 based on Net Assets of £-679k and 2.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
I-resource Ltd Overview
I-resource Ltd is a live company located in london, EC2R 5AR with a Companies House number of 06954258. It operates in the business and domestic software development sector, SIC Code 62012. Founded in July 2009, it's largest shareholder is westminster bidco limited with a 100% stake. I-resource Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.6m with unknown growth in recent years.
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I-resource Ltd Health Check
Pomanda's financial health check has awarded I-Resource Ltd a 2 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
0 Regular
5 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£3.9m)
£1.6m - I-resource Ltd
£3.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- I-resource Ltd
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (73.1%)
100% - I-resource Ltd
73.1% - Industry AVG
Profitability
an operating margin of -42.2% make it less profitable than the average company (4%)
-42.2% - I-resource Ltd
4% - Industry AVG
Employees
with 8 employees, this is below the industry average (35)
- I-resource Ltd
35 - Industry AVG
Pay Structure
on an average salary of £87.4k, the company has a higher pay structure (£69.1k)
- I-resource Ltd
£69.1k - Industry AVG
Efficiency
resulting in sales per employee of £195.6k, this is more efficient (£122k)
- I-resource Ltd
£122k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (58 days)
36 days - I-resource Ltd
58 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - I-resource Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - I-resource Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - I-resource Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.5%, this is a higher level of debt than the average (59.6%)
125.5% - I-resource Ltd
59.6% - Industry AVG
I-RESOURCE LTD financials
I-Resource Ltd's latest turnover from April 2024 is £1.6 million and the company has net assets of -£679 thousand. According to their latest financial statements, we estimate that I-Resource Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Mar 2023 | Apr 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,565,000 | 856,000 | 618,000 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | 1,565,000 | 856,000 | 618,000 | ||||||||||||
| Admin Expenses | 2,225,000 | 1,142,000 | 386,000 | ||||||||||||
| Operating Profit | -660,000 | -286,000 | 232,000 | ||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -660,000 | -286,000 | 232,000 | ||||||||||||
| Tax | -44,000 | ||||||||||||||
| Profit After Tax | -660,000 | -286,000 | 188,000 | ||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -660,000 | -286,000 | 188,000 | ||||||||||||
| Employee Costs | 699,000 | 438,000 | 208,000 | ||||||||||||
| Number Of Employees | 6 | 3 | |||||||||||||
| EBITDA* | -215,000 | 221,000 | 313,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Mar 2023 | Apr 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | 2,462,000 | 2,210,000 | 793,000 | ||||||||||||
| Investments & Other | 100 | 100 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,462,000 | 2,210,000 | 793,000 | 100 | 100 | ||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 155,000 | 11,000 | 6,000 | ||||||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 51,000 | 45,000 | 7,000 | ||||||||||||
| Cash | |||||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 206,000 | 56,000 | 13,000 | ||||||||||||
| total assets | 2,668,000 | 2,266,000 | 806,000 | 100 | 100 | ||||||||||
| Bank overdraft | 5,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 4,000 | ||||||||||||||
| Group/Directors Accounts | 3,176,000 | 2,141,000 | 456,000 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 162,000 | 144,000 | 83,000 | ||||||||||||
| total current liabilities | 3,347,000 | 2,285,000 | 539,000 | ||||||||||||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 3,347,000 | 2,285,000 | 539,000 | ||||||||||||
| net assets | -679,000 | -19,000 | 267,000 | 100 | 100 | ||||||||||
| total shareholders funds | -679,000 | -19,000 | 267,000 | 100 | 100 |
| Apr 2024 | Mar 2023 | Apr 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -660,000 | -286,000 | 232,000 | ||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | 445,000 | 507,000 | 81,000 | ||||||||||||
| Tax | -44,000 | ||||||||||||||
| Stock | |||||||||||||||
| Debtors | 150,000 | 43,000 | 13,000 | ||||||||||||
| Creditors | 4,000 | ||||||||||||||
| Accruals and Deferred Income | 18,000 | 61,000 | 83,000 | ||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -343,000 | 239,000 | 339,000 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -100 | 100 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,035,000 | 1,685,000 | 456,000 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 1,035,000 | 1,685,000 | 534,900 | ||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | |||||||||||||||
| overdraft | 5,000 | ||||||||||||||
| change in cash | -5,000 |
i-resource ltd Credit Report and Business Information
I-resource Ltd Competitor Analysis
Perform a competitor analysis for i-resource ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC2R area or any other competitors across 12 key performance metrics.
i-resource ltd Ownership
I-RESOURCE LTD group structure
I-Resource Ltd has no subsidiary companies.
Ultimate parent company
2 parents
I-RESOURCE LTD
06954258
i-resource ltd directors
I-Resource Ltd currently has 2 directors. The longest serving directors include Mr Adam Herron (Jul 2009) and Mr Andrew Burchall (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Herron | United Kingdom | 51 years | Jul 2009 | - | Director |
| Mr Andrew Burchall | United Kingdom | 60 years | Jul 2018 | - | Director |
P&L
April 2024turnover
1.6m
+83%
operating profit
-660k
+131%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
-679k
+34.74%
total assets
2.7m
+0.18%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
i-resource ltd company details
company number
06954258
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
July 2009
age
16
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
April 2024
previous names
N/A
accountant
ERNST & YOUNG LLP
auditor
-
address
5th floor 4 coleman street, london, EC2R 5AR
Bank
-
Legal Advisor
-
i-resource 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 i-resource ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
i-resource 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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i-resource ltd Companies House Filings - See Documents
| date | description | view/download |
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