Ip2426 Limited

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ip2426 limited Company Information

Live

EstablishedSmallDeclining

Company Number

07015801

Website

Registered Address

positive house, unit 3 pool street, wolverhampton, WV2 4HN

Industry

Hotels and similar accommodation

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Hardeep Gidda12 Years

Sabrina Gidda1 Years

View All

Shareholders

hardeep gidda 100%

ip2426 limited Estimated Valuation

£0 - £4.2m

The estimated valuation range for ip2426 limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £0 to £4.2m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Ip2426 Limited is a live company located in wolverhampton, WV2 4HN with a Companies House number of 07015801. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in September 2009, it's largest shareholder is hardeep gidda with a 100% stake. Ip2426 Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.

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Pomanda's financial health check has awarded Ip2426 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £4m, make it in line with the average company (£4.6m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (1.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IP2426 LIMITED group structure

Ip2426 Limited has no subsidiary companies.

Ultimate parent company

IP2426 LIMITED

07015801

IP2426 LIMITED Shareholders

hardeep gidda

100%

Ip2426 Limited currently has 3 directors. The longest serving directors include Mr Hardeep Gidda (Aug 2011) and Miss Sabrina Gidda (Aug 2022).

officer	country	age	start	end	role
Mr Hardeep Gidda		72 years	Aug 2011	-	Director
Miss Sabrina Gidda	England	37 years	Aug 2022	-	Director
Mr Sanjeev Gidda		41 years	Aug 2022	-	Director

EXPORT

Ip2426 Limited's latest turnover from March 2023 is estimated at £4 million and the company has net assets of £501.7 thousand. According to their latest financial statements, Ip2426 Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	3,980,365	3,663,946	3,786,969	5,350,502	3,428,530	4,872,154	9,057,773	6,133,220	4,565,394	3,045,804	447,375
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,208,181	2,378,251	2,970,528	3,096,548	1,931,819	2,752,809	5,088,096	3,485,975	2,563,616	1,782,873	266,259
Gross Profit	1,772,184	1,285,696	816,440	2,253,954	1,496,711	2,119,344	3,969,678	2,647,245	2,001,778	1,262,931	181,116
Admin Expenses	1,816,545	1,327,255	893,381	2,145,539	1,352,126	2,050,219	3,851,739	2,545,639	1,881,859	1,178,714	71,514
Operating Profit	-44,361	-41,559	-76,941	108,415	144,585	69,125	117,939	101,606	119,919	84,217	109,602
Interest Payable	0	0	0	0	0	0	0	2,977	6,304	6,928	3,601
Interest Receivable	0	0	0	0	0	0	0	127	283	253	97
Pre-Tax Profit	-44,361	-41,559	-76,941	108,415	144,585	69,125	117,939	98,756	113,899	77,542	106,097
Tax	0	0	0	-20,599	-27,471	-13,134	-23,588	-19,751	-23,919	-17,835	-25,463
Profit After Tax	-44,361	-41,559	-76,941	87,816	117,114	55,991	94,351	79,005	89,980	59,707	80,634
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-44,361	-41,559	-76,941	87,816	117,114	55,991	94,351	79,005	89,980	59,707	80,634
Employee Costs	21,855	19,753	18,632	19,022	37,081	35,263	1,818,794	1,247,862	940,444	628,384	105,618
Number Of Employees	1	1	1	1	2	2	107	75	59	41	7
EBITDA*	-44,361	-41,559	-76,941	108,415	144,585	69,125	117,939	121,360	140,995	106,233	134,381

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	129,480	144,628	160,153	176,148	192,732	207,312	224,865	243,397	262,330	282,456	303,738
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	129,480	144,628	160,153	176,148	192,732	207,312	224,865	243,397	262,330	282,456	303,738
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	488,404	581,840	397,188	588,227	379,744	553,511	481,972	323,485	265,049	174,935	24,000
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,300	10,000	209,833	24,492	131,938	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	50,782	62,451	38,709
misc current assets	0	0	0	0	0	10,000	28,465	55,463	0	0	0
total current assets	501,704	591,840	607,021	612,719	511,682	563,511	510,437	378,948	315,831	237,386	62,709
total assets	631,184	736,468	767,174	788,867	704,414	770,823	735,302	622,345	578,161	519,842	366,447
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	80,491	114,488	104,407	110,574	122,612	173,209	221,227	193,017	216,433	236,447	148,170
Group/Directors Accounts	0	0	0	0	0	38,502	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	80,491	114,488	104,407	110,574	122,612	211,711	221,227	193,017	216,433	236,447	148,170
loans	0	0	0	0	0	0	0	0	91,589	102,375	110,799
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	9,923	39,215	28,443	13,695	5,020	2,416	2,368	2,341	0	0	0
other liabilities	39,033	36,667	46,667	0	0	97,028	108,030	117,661	35,296	33,696	26,744
provisions	0	0	0	0	0	0	0	0	4,422	6,883	0
total long term liabilities	48,956	75,882	75,110	13,695	5,020	99,444	110,398	120,002	131,307	142,954	137,543
total liabilities	129,447	190,370	179,517	124,269	127,632	311,155	331,625	313,019	347,740	379,401	285,713
net assets	501,737	546,098	587,657	664,598	576,782	459,668	403,677	309,326	230,421	140,441	80,734
total shareholders funds	501,737	546,098	587,657	664,598	576,782	459,668	403,677	309,326	230,421	140,441	80,734

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Sep 2011	Sep 2010
Operating Activities
Operating Profit	-44,361	-41,559	-76,941	108,415	144,585	69,125	117,939	101,606	119,919	84,217	109,602	0	0
Depreciation	0	0	0	0	0	0	0	19,754	21,076	22,016	24,779	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-20,599	-27,471	-13,134	-23,588	-19,751	-23,919	-17,835	-25,463	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-90,136	-15,181	-5,698	101,037	-41,829	71,539	158,487	58,436	90,114	150,935	24,000	0	0
Creditors	-33,997	10,081	-6,167	-12,038	-50,597	-48,018	28,210	-23,416	-20,014	88,277	148,170	0	0
Accruals and Deferred Income	-29,292	10,772	14,748	8,675	2,604	48	27	2,341	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-4,422	-2,461	6,883	0	0	0
Cash flow from operations	-17,514	-5,525	-62,662	-16,584	110,950	-63,518	-35,899	17,676	4,487	32,623	233,088	0	0
Investing Activities
capital expenditure	15,148	15,525	15,995	16,584	14,580	17,553	18,532	-821	-950	-734	-328,517	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	15,148	15,525	15,995	16,584	14,580	17,553	18,532	-821	-950	-734	-328,517	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-38,502	38,502	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	-91,589	-10,786	-8,424	110,799	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	2,366	-10,000	46,667	0	-97,028	-11,002	-9,631	82,365	1,600	6,952	26,744	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	100	0	0
interest	0	0	0	0	0	0	0	-2,850	-6,021	-6,675	-3,504	0	0
cash flow from financing	2,366	-10,000	46,667	0	-135,530	27,500	-9,631	-12,174	-15,207	-8,147	134,139	0	0
cash and cash equivalents
cash	0	0	0	0	0	0	0	-50,782	-11,669	23,742	38,709	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-50,782	-11,669	23,742	38,709	0	0

P&L

March 2023

turnover

+9%

operating profit

-44.4k

gross margin

44.6%

+26.88%

turnover

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

Balance Sheet

March 2023

net assets

501.7k

-0.08%

total assets

631.2k

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

07015801

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

September 2009

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

positive house, unit 3 pool street, wolverhampton, WV2 4HN

last accounts submitted

March 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 found 5 charges/mortgages relating to ip2426 limited. Currently there are 3 open charges and 2 have been satisfied in the past.

ip2426 limited Company Information

ip2426 limited Estimated Valuation

ip2426 limited Estimated Valuation

ip2426 limited Estimated Valuation

Ip2426 Limited AI Business Plan

Ip2426 Limited Overview

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ip2426 limited directors

IP2426 LIMITED financials

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ip2426 limited Companies House Filings - See Documents