ig innovations limited
ig innovations limited Company Information
Company Number
07188244
Website
www.ig-innovations.co.ukRegistered Address
gernos maesllyn, llandysul, wales, SA44 5LP
Industry
Research and experimental development on biotechnology
Telephone
01239858972
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
abbott toxicology ltd 100%
ig innovations limited Estimated Valuation
Pomanda estimates the enterprise value of IG INNOVATIONS LIMITED at £148.5k based on a Turnover of £174k and 0.85x industry multiple (adjusted for size and gross margin).
ig innovations limited Estimated Valuation
Pomanda estimates the enterprise value of IG INNOVATIONS LIMITED at £0 based on an EBITDA of £-152k and a 3.61x industry multiple (adjusted for size and gross margin).
ig innovations limited Estimated Valuation
Pomanda estimates the enterprise value of IG INNOVATIONS LIMITED at £0 based on Net Assets of £-194k and 2.15x industry multiple (adjusted for liquidity).
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Ig Innovations Limited Overview
Ig Innovations Limited is a live company located in wales, SA44 5LP with a Companies House number of 07188244. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in March 2010, it's largest shareholder is abbott toxicology ltd with a 100% stake. Ig Innovations Limited is a established, micro sized company, Pomanda has estimated its turnover at £174k with declining growth in recent years.
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Ig Innovations Limited Health Check
Pomanda's financial health check has awarded Ig Innovations Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
8 Weak
Size
annual sales of £174k, make it smaller than the average company (£3.5m)
£174k - Ig Innovations Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (14.1%)
-5% - Ig Innovations Limited
14.1% - Industry AVG
Production
with a gross margin of 27.6%, this company has a higher cost of product (53%)
27.6% - Ig Innovations Limited
53% - Industry AVG
Profitability
an operating margin of -104.6% make it less profitable than the average company (-0.4%)
-104.6% - Ig Innovations Limited
-0.4% - Industry AVG
Employees
with 5 employees, this is below the industry average (43)
5 - Ig Innovations Limited
43 - Industry AVG
Pay Structure
on an average salary of £38.8k, the company has a lower pay structure (£77.9k)
£38.8k - Ig Innovations Limited
£77.9k - Industry AVG
Efficiency
resulting in sales per employee of £34.8k, this is less efficient (£136.2k)
£34.8k - Ig Innovations Limited
£136.2k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (52 days)
23 days - Ig Innovations Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 115 days, this is slower than average (70 days)
115 days - Ig Innovations Limited
70 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ig Innovations Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (35 weeks)
4 weeks - Ig Innovations Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.2%, this is a higher level of debt than the average (50%)
125.2% - Ig Innovations Limited
50% - Industry AVG
ig innovations limited Credit Report and Business Information
Ig Innovations Limited Competitor Analysis
Perform a competitor analysis for ig innovations limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ig innovations limited Ownership
IG INNOVATIONS LIMITED group structure
Ig Innovations Limited has no subsidiary companies.
Ultimate parent company
ALERE SWITZERLAND GMBH
#0132931
2 parents
IG INNOVATIONS LIMITED
07188244
ig innovations limited directors
Ig Innovations Limited currently has 4 directors. The longest serving directors include Mr Kenneth Rowe (Mar 2020) and Mrs Jennifer Deeley (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kenneth Rowe | England | 47 years | Mar 2020 | - | Director |
| Mrs Jennifer Deeley | England | 38 years | Jan 2022 | - | Director |
| Mr Michael Clayton | United Kingdom | 50 years | May 2022 | - | Director |
| Ms Nicola Wojciechowicz | England | 46 years | Aug 2022 | - | Director |
IG INNOVATIONS LIMITED financials
Ig Innovations Limited's latest turnover from December 2022 is £174 thousand and the company has net assets of -£194 thousand. According to their latest financial statements, Ig Innovations Limited has 5 employees and maintains cash reserves of £82 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 174,000 | 203,000 | 175,000 | 200,000 | 244,000 | 188,000 | 321,000 | 352,000 | 405,000 | 431,585 | 413,446 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 126,000 | 111,000 | 100,000 | 122,000 | 108,000 | 71,000 | 134,000 | 167,000 | 154,000 | 183,051 | 148,244 | ||
| Gross Profit | 48,000 | 92,000 | 75,000 | 78,000 | 136,000 | 117,000 | 187,000 | 185,000 | 251,000 | 248,534 | 265,202 | ||
| Admin Expenses | 230,000 | 189,000 | 198,000 | 223,000 | 270,000 | 287,000 | 252,000 | 305,000 | 367,000 | 316,074 | 303,467 | ||
| Operating Profit | -182,000 | -97,000 | -123,000 | -145,000 | -134,000 | -170,000 | -65,000 | -120,000 | -116,000 | -67,540 | -38,265 | ||
| Interest Payable | 12,000 | 1,000 | 1,000 | 3,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 383 | 286 | ||
| Pre-Tax Profit | -194,000 | -98,000 | -124,000 | -148,000 | -135,000 | -170,000 | -65,000 | -120,000 | -116,000 | -67,157 | -37,979 | ||
| Tax | -48,000 | 37,000 | -6,000 | 21,000 | 24,000 | 27,000 | 12,000 | -16,000 | 16,000 | 8,712 | -23,000 | ||
| Profit After Tax | -242,000 | -61,000 | -130,000 | -127,000 | -111,000 | -143,000 | -53,000 | -136,000 | -100,000 | -58,445 | -60,979 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -242,000 | -61,000 | -130,000 | -127,000 | -111,000 | -143,000 | -53,000 | -136,000 | -100,000 | -58,445 | -60,979 | ||
| Employee Costs | 194,000 | 179,000 | 183,000 | 184,000 | 216,000 | 213,000 | 237,000 | 254,000 | 228,000 | ||||
| Number Of Employees | 5 | 5 | 6 | 6 | 7 | 8 | 9 | 9 | 8 | ||||
| EBITDA* | -152,000 | -70,000 | -87,000 | -95,000 | -81,000 | -122,000 | -21,000 | -55,000 | 19,000 | 59,872 | -4,874 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 626,000 | 610,000 | 628,000 | 651,000 | 672,000 | 723,000 | 732,000 | 776,000 | 790,000 | 733,858 | 693,173 | 651,102 | 644,810 |
| Intangible Assets | 0 | 0 | 0 | 0 | 1,000 | 2,000 | 0 | 0 | 23,000 | 115,105 | 207,229 | 299,858 | 424,052 |
| Investments & Other | 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 |
| Total Fixed Assets | 626,000 | 610,000 | 628,000 | 651,000 | 673,000 | 725,000 | 732,000 | 776,000 | 813,000 | 848,963 | 900,402 | 950,960 | 1,068,862 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,364 | 7,665 |
| Trade Debtors | 11,000 | 21,000 | 5,000 | 17,000 | 23,000 | 7,000 | 25,000 | 40,000 | 108,000 | 19,426 | 23,280 | 66,295 | 34,047 |
| Group Debtors | 8,000 | 13,000 | 10,000 | 45,000 | 27,000 | 22,000 | 18,000 | 24,000 | 0 | 9,792 | 4,247 | 0 | 0 |
| Misc Debtors | 43,000 | 80,000 | 84,000 | 92,000 | 78,000 | 57,000 | 55,000 | 12,000 | 0 | 21,080 | 47,524 | 0 | 0 |
| Cash | 82,000 | 135,000 | 87,000 | 16,000 | 63,000 | 10,000 | 26,000 | 24,000 | 103,000 | 83,243 | 66,531 | 68,322 | 54,725 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 144,000 | 249,000 | 186,000 | 170,000 | 191,000 | 96,000 | 124,000 | 100,000 | 211,000 | 133,541 | 141,582 | 156,981 | 96,437 |
| total assets | 770,000 | 859,000 | 814,000 | 821,000 | 864,000 | 821,000 | 856,000 | 876,000 | 1,024,000 | 982,504 | 1,041,984 | 1,107,941 | 1,165,299 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 40,000 | 15,000 | 8,000 | 4,000 | 7,000 | 8,000 | 6,000 | 9,000 | 14,000 | 3,605 | 4,644 | 30,830 | 42,202 |
| Group/Directors Accounts | 910,000 | 781,000 | 659,000 | 490,000 | 429,000 | 259,000 | 187,000 | 150,000 | 144,000 | 20,442 | 5,034 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 16,000 | 0 | 10,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,850 | 5,850 | 0 | 0 |
| other current liabilities | 14,000 | 15,000 | 38,000 | 88,000 | 62,000 | 77,000 | 43,000 | 39,000 | 34,000 | 13,475 | 14,980 | 0 | 0 |
| total current liabilities | 964,000 | 811,000 | 705,000 | 582,000 | 498,000 | 344,000 | 236,000 | 203,000 | 208,000 | 53,372 | 40,508 | 30,830 | 42,202 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,553 | 17,602 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,725 | 16,575 | 0 | 0 |
| Accruals and Deferred Income | 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 | 48,833 | 32,938 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 20,278 | 34,177 | 48,833 | 32,938 |
| total liabilities | 964,000 | 811,000 | 705,000 | 582,000 | 498,000 | 344,000 | 236,000 | 203,000 | 215,000 | 73,650 | 74,685 | 79,663 | 75,140 |
| net assets | -194,000 | 48,000 | 109,000 | 239,000 | 366,000 | 477,000 | 620,000 | 673,000 | 809,000 | 908,854 | 967,299 | 1,028,278 | 1,090,159 |
| total shareholders funds | -194,000 | 48,000 | 109,000 | 239,000 | 366,000 | 477,000 | 620,000 | 673,000 | 809,000 | 908,854 | 967,299 | 1,028,278 | 1,090,159 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -182,000 | -97,000 | -123,000 | -145,000 | -134,000 | -170,000 | -65,000 | -120,000 | -116,000 | -67,540 | -38,265 | ||
| Depreciation | 30,000 | 27,000 | 36,000 | 50,000 | 53,000 | 48,000 | 44,000 | 42,000 | 43,000 | 35,288 | 33,391 | 25,958 | 17,023 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,000 | 92,000 | 92,124 | 186,518 | ||
| Tax | -48,000 | 37,000 | -6,000 | 21,000 | 24,000 | 27,000 | 12,000 | -16,000 | 16,000 | 8,712 | -23,000 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22,364 | 14,699 | 7,665 |
| Debtors | -52,000 | 15,000 | -55,000 | 26,000 | 42,000 | -12,000 | 22,000 | -32,000 | 57,702 | -24,753 | 8,756 | 32,248 | 34,047 |
| Creditors | 25,000 | 7,000 | 4,000 | -3,000 | -1,000 | 2,000 | -3,000 | -5,000 | 10,395 | -1,039 | -26,186 | -11,372 | 42,202 |
| Accruals and Deferred Income | -1,000 | -23,000 | -50,000 | 26,000 | -15,000 | 34,000 | 4,000 | 5,000 | 20,525 | -1,505 | 14,980 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | 7,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -124,000 | -64,000 | -84,000 | -77,000 | -115,000 | -47,000 | -30,000 | -46,000 | 15,218 | 90,793 | |||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 129,000 | 122,000 | 169,000 | 61,000 | 170,000 | 72,000 | 37,000 | 6,000 | 123,558 | 15,408 | 5,034 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -5,000 | -11,000 | 16,000 | -10,000 | 10,000 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,553 | -8,049 | 17,602 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16,575 | -5,850 | 22,425 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -48,833 | 15,895 | 32,938 |
| share issue | |||||||||||||
| interest | -12,000 | -1,000 | -1,000 | -3,000 | -1,000 | 0 | 0 | 0 | 0 | 383 | 286 | ||
| cash flow from financing | 117,000 | 121,000 | 168,000 | 58,000 | 169,000 | 72,000 | 32,000 | -5,000 | 113,576 | -8,108 | 6,514 | ||
| cash and cash equivalents | |||||||||||||
| cash | -53,000 | 48,000 | 71,000 | -47,000 | 53,000 | -16,000 | 2,000 | -79,000 | 19,757 | 16,712 | -1,791 | 13,597 | 54,725 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,000 | 10,000 | 0 | 0 | 0 |
| change in cash | -53,000 | 48,000 | 71,000 | -47,000 | 53,000 | -16,000 | 2,000 | -79,000 | 29,757 | 6,712 | -1,791 | 13,597 | 54,725 |
P&L
December 2022turnover
174k
-14%
operating profit
-182k
+88%
gross margin
27.6%
-39.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-194k
-5.04%
total assets
770k
-0.1%
cash
82k
-0.39%
net assets
Total assets minus all liabilities
ig innovations limited company details
company number
07188244
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
incorporation date
March 2010
age
14
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
gernos maesllyn, llandysul, wales, SA44 5LP
last accounts submitted
December 2022
ig innovations 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 ig innovations limited.
ig innovations limited Companies House Filings - See Documents
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