Mobile Rocket Limited

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mobile rocket limited Company Information

Live

EstablishedSmallHealthy

Company Number

07204057

Website

www.mobilerockit.co.uk

Registered Address

2 welbury way, aycliffe business park, newton aycliffe, county durham, DL5 6ZE

Industry

Business and domestic software development

Telephone

01325633287

Next Accounts Due

January 2025

Group Structure

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Directors

Adam Lee14 Years

Kevin Ireson1 Years

Shareholders

adam lee 51%

sam edwin whisker 34%

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mobile rocket limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MOBILE ROCKET LIMITED at £1.1m based on a Turnover of £1.3m and 0.83x industry multiple (adjusted for size and gross margin).

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Mobile Rocket Limited is a live company located in newton aycliffe, DL5 6ZE with a Companies House number of 07204057. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2010, it's largest shareholder is adam lee with a 51% stake. Mobile Rocket Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

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

Health Rating4out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.5%)

EXPORT

Mobile Rocket Limited's latest turnover from April 2023 is estimated at £1.3 million and the company has net assets of £241.9 thousand. According to their latest financial statements, Mobile Rocket Limited has 21 employees and maintains cash reserves of £286.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	1,282,047	863,992	959,340	936,046	981,296	545,532	449,961	243,705	151,332	13,888	1,711	0	38,201
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	368,192	218,003	257,026	235,009	243,384	137,708	119,034	62,496	38,072	3,386	397	0	8,175
Gross Profit	913,854	645,990	702,314	701,036	737,912	407,824	330,927	181,208	113,260	10,502	1,313	0	30,026
Admin Expenses	905,321	541,147	573,888	677,670	717,535	426,822	317,071	176,095	102,299	8,383	1,313	-942	30,726
Operating Profit	8,533	104,843	128,426	23,366	20,377	-18,998	13,856	5,113	10,961	2,119	0	942	-700
Interest Payable	3,819	3,109	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,204	1,928	157	44	0	0	0	0	0	0	0	2	2
Pre-Tax Profit	16,917	103,663	127,058	23,410	20,377	-18,998	13,856	5,113	10,961	2,119	0	943	-698
Tax	-4,229	-19,696	-24,141	-4,448	-3,872	0	-2,633	-1,022	-2,192	-487	0	-245	0
Profit After Tax	12,688	83,967	102,917	18,962	16,505	-18,998	11,223	4,090	8,769	1,632	0	698	-698
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,688	83,967	102,917	18,962	16,505	-18,998	11,223	4,090	8,769	1,632	0	698	-698
Employee Costs	1,381,189	1,045,381	978,266	1,017,221	1,010,028	582,351	396,508	162,161	107,118	54,337	52,290	0	50,455
Number Of Employees	21	17	17	18	17	10	7	3	2	1	1	0	1
EBITDA*	17,920	112,963	134,716	40,463	20,377	-18,998	13,856	5,113	10,961	2,119	0	942	-700

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Mar 2014	Mar 2013	Mar 2011
Tangible Assets	37,444	38,400	32,422	28,834	197,952	202,991	215,368	199,856	28,095	0	0	0
Intangible Assets	0	0	0	442	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	37,444	38,400	32,422	29,276	197,952	202,991	215,368	199,856	28,095	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	83,954	32,653	72,545	81,738	95,769	40,512	54,751	44,562	27,497	2,167	300	6,750
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	22,691	17,204	11,864	0	0	0	0	0	0	0	0	0
Cash	286,583	287,705	226,532	88,223	0	0	0	0	0	0	0	694
misc current assets	0	0	0	0	0	0	0	0	0	65	0	0
total current assets	393,228	337,562	310,941	169,961	95,769	40,512	54,751	44,562	27,497	2,232	300	7,444
total assets	430,672	375,962	343,363	199,237	293,721	243,503	270,119	244,418	55,592	2,232	300	7,444
Bank overdraft	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
Trade Creditors	0	0	0	3,786	86,558	79,877	74,219	48,520	44,591	0	200	8,042
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	147,049	104,686	148,163	153,168	0	0	0	0	0	0	0	0
total current liabilities	147,049	104,686	148,163	156,954	86,558	79,877	74,219	48,520	44,591	0	200	8,042
loans	32,407	42,109	50,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	600	600	600	0	600	0	0
other liabilities	0	0	0	0	183,942	156,310	169,586	180,807	0	0	0	0
provisions	9,361	0	0	0	0	0	0	0	600	0	0	0
total long term liabilities	41,768	42,109	50,000	0	183,942	156,910	170,186	181,407	600	600	0	0
total liabilities	188,817	146,795	198,163	156,954	270,500	236,787	244,405	229,927	45,191	600	200	8,042
net assets	241,855	229,167	145,200	42,283	23,221	6,716	25,714	14,491	10,401	1,632	100	-598
total shareholders funds	241,855	229,167	145,200	42,283	23,221	6,716	25,714	14,491	10,401	1,632	100	-598

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	8,533	104,843	128,426	23,366	20,377	-18,998	13,856	5,113	10,961	2,119	0	942	-700
Depreciation	9,387	8,120	5,848	11,797	0	0	0	0	0	0	0	0	0
Amortisation	0	0	442	5,300	0	0	0	0	0	0	0	0	0
Tax	-4,229	-19,696	-24,141	-4,448	-3,872	0	-2,633	-1,022	-2,192	-487	0	-245	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	56,788	-34,552	2,671	-14,031	55,257	-14,239	10,189	17,065	25,330	1,867	300	-6,750	6,750
Creditors	0	0	-3,786	-82,772	6,681	5,658	25,699	3,929	44,591	-200	200	-8,042	8,042
Accruals and Deferred Income	42,363	-43,477	-5,005	153,168	-600	0	0	600	-600	600	0	0	0
Deferred Taxes & Provisions	9,361	0	0	0	0	0	0	-600	600	0	0	0	0
Cash flow from operations	8,627	84,342	99,113	120,442	-32,671	899	26,733	-9,045	28,030	165	-100	-595	592
Investing Activities
capital expenditure	-8,431	-14,098	-9,436	151,579	5,039	12,377	-15,512	-171,761	-28,095	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,431	-14,098	-9,436	151,579	5,039	12,377	-15,512	-171,761	-28,095	0	0	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	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
Long term loans	-9,702	-7,891	50,000	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
other long term liabilities	0	0	0	-183,942	27,632	-13,276	-11,221	180,807	0	0	0	0	0
share issue	0	0	0	100	0	0	0	0	0	-100	100	-100	100
interest	8,385	-1,181	-1,368	44	0	0	0	0	0	0	0	2	2
cash flow from financing	-1,317	-9,072	48,632	-183,798	27,632	-13,276	-11,221	180,807	0	-100	100	-98	102
cash and cash equivalents
cash	-1,122	61,173	138,309	88,223	0	0	0	0	0	0	0	-694	694
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,122	61,173	138,309	88,223	0	0	0	0	0	0	0	-694	694

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MOBILE ROCKET LIMITED group structure

Mobile Rocket Limited has no subsidiary companies.

Ultimate parent company

MOBILE ROCKET LIMITED

07204057

MOBILE ROCKET LIMITED Shareholders

adam lee	51%
sam edwin whisker	34%
intelligence software group limited	15%

Mobile Rocket Limited currently has 2 directors. The longest serving directors include Mr Adam Lee (Mar 2010) and Mr Kevin Ireson (Dec 2022).

officer	country	age	start	end	role
Mr Adam Lee	England	44 years	Mar 2010	-	Director
Mr Kevin Ireson	England	54 years	Dec 2022	-	Director

P&L

April 2023

turnover

1.3m

+48%

operating profit

8.5k

gross margin

71.3%

-4.66%

turnover

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

Balance Sheet

April 2023

net assets

241.9k

+0.06%

total assets

430.7k

+0.15%

cash

286.6k

net assets

Total assets minus all liabilities

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company number

07204057

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

March 2010

accounts

Total Exemption Full

ultimate parent company

None

previous names

mobile rock it limited (July 2013)

koodoo apps & products ltd (July 2013)

last accounts submitted

April 2023

address

2 welbury way, aycliffe business park, newton aycliffe, county durham, DL5 6ZE

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 3 charges/mortgages relating to mobile rocket limited. Currently there are 3 open charges and 0 have been satisfied in the past.

mobile rocket limited Company Information

mobile rocket limited Estimated Valuation

mobile rocket limited Estimated Valuation

mobile rocket limited Estimated Valuation

Mobile Rocket Limited Overview

Mobile Rocket Limited Health Check

MOBILE ROCKET LIMITED financials

mobile rocket limited Credit Report and Business Information

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mobile rocket limited Ownership

mobile rocket limited directors

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