blinding skies limited

Live (In Liquidation)EstablishedMicroRapid

blinding skies limited Company Information

Share BLINDING SKIES LIMITED

Company Number

06970262

Directors

Daniel Thorpe

Shareholders

daniel thorpe

Group Structure

View All

Industry

Business and domestic software development

 

Registered Address

leonard curtis house, elms square, bury new road, greater manchester, M45 7TA

blinding skies limited Estimated Valuation

£113.8k

Pomanda estimates the enterprise value of BLINDING SKIES LIMITED at £113.8k based on a Turnover of £167.4k and 0.68x industry multiple (adjusted for size and gross margin).

blinding skies limited Estimated Valuation

£7.7k

Pomanda estimates the enterprise value of BLINDING SKIES LIMITED at £7.7k based on an EBITDA of £1.8k and a 4.2x industry multiple (adjusted for size and gross margin).

blinding skies limited Estimated Valuation

£180.9k

Pomanda estimates the enterprise value of BLINDING SKIES LIMITED at £180.9k based on Net Assets of £76.4k and 2.37x industry multiple (adjusted for liquidity).

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Blinding Skies Limited Overview

Blinding Skies Limited is a live company located in greater manchester, M45 7TA with a Companies House number of 06970262. It operates in the business and domestic software development sector, SIC Code 62012. Founded in July 2009, it's largest shareholder is daniel thorpe with a 100% stake. Blinding Skies Limited is a established, micro sized company, Pomanda has estimated its turnover at £167.4k with rapid growth in recent years.

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Blinding Skies Limited Health Check

Pomanda's financial health check has awarded Blinding Skies Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £167.4k, make it smaller than the average company (£2.4m)

£167.4k - Blinding Skies Limited

£2.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (5.7%)

62% - Blinding Skies Limited

5.7% - Industry AVG

production

Production

with a gross margin of 42.2%, this company has a higher cost of product (73%)

42.2% - Blinding Skies Limited

73% - Industry AVG

profitability

Profitability

an operating margin of 1.1% make it less profitable than the average company (5.4%)

1.1% - Blinding Skies Limited

5.4% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (28)

1 - Blinding Skies Limited

28 - Industry AVG

paystructure

Pay Structure

on an average salary of £59k, the company has an equivalent pay structure (£59k)

£59k - Blinding Skies Limited

£59k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £167.4k, this is more efficient (£100.8k)

£167.4k - Blinding Skies Limited

£100.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 179 days, this is later than average (62 days)

179 days - Blinding Skies Limited

62 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (42 days)

50 days - Blinding Skies Limited

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Blinding Skies Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Blinding Skies Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15%, this is a lower level of debt than the average (63.4%)

15% - Blinding Skies Limited

63.4% - Industry AVG

BLINDING SKIES LIMITED financials

EXPORTms excel logo

Blinding Skies Limited's latest turnover from July 2021 is estimated at £167.4 thousand and the company has net assets of £76.4 thousand. According to their latest financial statements, Blinding Skies Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010
Turnover167,357168,76478,94339,57348,57848,517
Other Income Or Grants
Cost Of Sales96,68796,08946,89423,50027,51227,494
Gross Profit70,67172,67532,04916,07321,06721,023
Admin Expenses68,8498,57556,6591,90117,888-20,519-924-32674
Operating Profit1,82264,100-24,61014,1723,17941,54292432-674
Interest Payable1351378163216
Interest Receivable23025810096
Pre-Tax Profit1,82264,100-24,38014,2953,14241,630908-690
Tax-346-12,179-2,716-597-8,326-218
Profit After Tax1,47651,921-24,38011,5792,54533,304690-690
Dividends Paid
Retained Profit1,47651,921-24,38011,5792,54533,304690-690
Employee Costs58,96455,57960,10758,74356,47053,967
Number Of Employees111111
EBITDA*1,82264,100-24,61015,6954,99343,26492432-674

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010
Tangible Assets7,50812,4663,389921,6153,429
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets7,50812,4663,389921,6153,429
Stock & work in progress
Trade Debtors82,44188,03930,9105,04010,8008,400
Group Debtors
Misc Debtors1681373,864
Cash61,25541,88938,345
misc current assets
total current assets82,44188,03930,91066,46352,82650,609
total assets89,949100,50534,29966,55554,44154,038
Bank overdraft4,143256490490
Bank loan
Trade Creditors 13,50425,53611,251
Group/Directors Accounts1,3394,2343,072
other short term finances
hp & lease commitments
other current liabilities17,78710,21417,405
total current liabilities13,50425,53611,25119,12618,59120,733490490
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities13,50425,53611,25119,12618,59120,733490490
net assets76,44574,96923,04847,42935,85033,305-490-490
total shareholders funds76,44574,96923,04847,42935,85033,305-490-490
Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010
Operating Activities
Operating Profit1,82264,100-24,61014,1723,17941,54292432-674
Depreciation1,5231,8141,722
Amortisation
Tax-346-12,179-2,716-597-8,326-218
Stock
Debtors-5,59857,12925,702-5,729-1,32712,264
Creditors-12,03214,28511,251
Accruals and Deferred Income-17,7877,573-7,19117,405
Deferred Taxes & Provisions
Cash flow from operations-4,9589,077-56,84826,281-1,46840,07970632-674
Investing Activities
capital expenditure4,958-9,077-3,297-5,151
Change in Investments
cash flow from investments4,958-9,077-3,297-5,151
Financing Activities
Bank loans
Group/Directors Accounts-1,339-2,8951,1623,072
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-11-200200
interest230123-3788-16-32-16
cash flow from financing-1,110-2,7721,1253,161-216-32184
cash and cash equivalents
cash-61,25519,3663,54438,345
overdraft-4,1433,887256-490490
change in cash-61,25523,509-34338,089490-490

blinding skies limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Blinding Skies Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for blinding skies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in M45 area or any other competitors across 12 key performance metrics.

blinding skies limited Ownership

BLINDING SKIES LIMITED group structure

Blinding Skies Limited has no subsidiary companies.

Ultimate parent company

BLINDING SKIES LIMITED

06970262

BLINDING SKIES LIMITED Shareholders

daniel thorpe 100%

blinding skies limited directors

Blinding Skies Limited currently has 1 director, Dr Daniel Thorpe serving since Jul 2009.

officercountryagestartendrole
Dr Daniel Thorpe42 years Jul 2009- Director

P&L

July 2021

turnover

167.4k

-1%

operating profit

1.8k

0%

gross margin

42.3%

-1.94%

turnover

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

Balance Sheet

July 2021

net assets

76.4k

+0.02%

total assets

89.9k

-0.11%

cash

0

0%

net assets

Total assets minus all liabilities

blinding skies limited company details

company number

06970262

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

July 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

July 2021

previous names

N/A

accountant

CARNEGIE KNOX (SCOTLAND) LIMITED

auditor

-

address

leonard curtis house, elms square, bury new road, greater manchester, M45 7TA

Bank

-

Legal Advisor

-

blinding skies 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 blinding skies limited.

blinding skies 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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blinding skies limited Companies House Filings - See Documents

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