cutis developments ltd
cutis developments ltd Company Information
Company Number
07297483
Next Accounts
Feb 2025
Directors
Shareholders
incap bv
rainmaking uk portfolio ltd
View AllGroup Structure
View All
Industry
Hairdressing and other beauty treatment
Registered Address
resolve partners limited, 22 york buildings, london, WC2N 6JU
Website
trueskin.co.ukcutis developments ltd Estimated Valuation
Pomanda estimates the enterprise value of CUTIS DEVELOPMENTS LTD at £2.9m based on a Turnover of £4.2m and 0.69x industry multiple (adjusted for size and gross margin).
cutis developments ltd Estimated Valuation
Pomanda estimates the enterprise value of CUTIS DEVELOPMENTS LTD at £0 based on an EBITDA of £-680.8k and a 4.15x industry multiple (adjusted for size and gross margin).
cutis developments ltd Estimated Valuation
Pomanda estimates the enterprise value of CUTIS DEVELOPMENTS LTD at £11.2m based on Net Assets of £2.4m and 4.62x industry multiple (adjusted for liquidity).
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Cutis Developments Ltd Overview
Cutis Developments Ltd is a dissolved company that was located in london, WC2N 6JU with a Companies House number of 07297483. It operated in the hairdressing and other beauty treatment sector, SIC Code 96020. Founded in June 2010, it's largest shareholder was incap bv with a 25.4% stake. The last turnover for Cutis Developments Ltd was estimated at £4.2m.
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Cutis Developments Ltd Health Check
Pomanda's financial health check has awarded Cutis Developments Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £4.2m, make it larger than the average company (£94.6k)
£4.2m - Cutis Developments Ltd
£94.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 94%, show it is growing at a faster rate (0.2%)
94% - Cutis Developments Ltd
0.2% - Industry AVG
Production
with a gross margin of 41.4%, this company has a higher cost of product (78.3%)
41.4% - Cutis Developments Ltd
78.3% - Industry AVG
Profitability
an operating margin of -33.1% make it less profitable than the average company (11%)
-33.1% - Cutis Developments Ltd
11% - Industry AVG
Employees
with 89 employees, this is similar to the industry average (75)
89 - Cutis Developments Ltd
75 - Industry AVG
Pay Structure
on an average salary of £21.8k, the company has an equivalent pay structure (£18.3k)
£21.8k - Cutis Developments Ltd
£18.3k - Industry AVG
Efficiency
resulting in sales per employee of £46.7k, this is more efficient (£36k)
£46.7k - Cutis Developments Ltd
£36k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cutis Developments Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (48 days)
79 days - Cutis Developments Ltd
48 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (44 days)
11 days - Cutis Developments Ltd
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (20 weeks)
30 weeks - Cutis Developments Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45%, this is a lower level of debt than the average (90.1%)
45% - Cutis Developments Ltd
90.1% - Industry AVG
CUTIS DEVELOPMENTS LTD financials
Cutis Developments Ltd's latest turnover from December 2014 is £4.2 million and the company has net assets of £2.4 million. According to their latest financial statements, Cutis Developments Ltd has 89 employees and maintains cash reserves of £746.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|
| Turnover | 4,155,459 | 2,353,857 | 986,442 | 566,392 | 72,315 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,434,537 | 1,521,263 | 204,333 | 156,094 | 30,556 |
| Gross Profit | 1,720,922 | 832,594 | 782,109 | 410,298 | 41,759 |
| Admin Expenses | 3,097,691 | 1,855,827 | 1,303,923 | 814,115 | 124,672 |
| Operating Profit | -1,376,769 | -1,023,233 | -521,814 | -403,817 | -82,913 |
| Interest Payable | 330,907 | 138,382 | 46,771 | 11,999 | 1,230 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,707,676 | -1,161,615 | -568,585 | -415,816 | -84,143 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,707,676 | -1,161,615 | -568,585 | -415,816 | -84,143 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,707,676 | -1,161,615 | -568,585 | -415,816 | -84,143 |
| Employee Costs | 1,944,364 | 1,129,454 | 475,392 | 294,455 | 38,049 |
| Number Of Employees | 89 | 55 | 30 | 15 | 8 |
| EBITDA* | -680,794 | -880,522 | -316,625 | -326,556 | -76,584 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,440,233 | 1,191,904 | 889,383 | 404,333 | 98,995 |
| Intangible Assets | 735,313 | 463,400 | 287,026 | 0 | 0 |
| Investments & Other | 200 | 300 | 500 | 400 | 200 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,175,746 | 1,655,604 | 1,176,909 | 404,733 | 99,195 |
| Stock & work in progress | 73,626 | 57,186 | 51,220 | 28,115 | 4,307 |
| Trade Debtors | 0 | 0 | 36,630 | 27,515 | 26,913 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 404,838 | 105,354 | 168,350 | 30,050 | 3,809 |
| Cash | 746,300 | 233,948 | 135,100 | 14,090 | 19,698 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,224,764 | 396,488 | 391,300 | 99,770 | 54,727 |
| total assets | 4,400,510 | 2,052,092 | 1,568,209 | 504,503 | 153,922 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 532,925 | 375,125 | 440,050 | 109,933 | 10,489 |
| Group/Directors Accounts | 0 | 0 | 0 | 64,999 | 5,012 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 572,591 | 300,218 | 0 | 33,826 | 12,705 |
| other current liabilities | 177,792 | 150,522 | 0 | 60,129 | 28,074 |
| total current liabilities | 1,283,308 | 825,865 | 440,050 | 268,887 | 56,280 |
| loans | 69,925 | 234,179 | 0 | 665,789 | 156,935 |
| hp & lease commitments | 628,631 | 366,132 | 0 | 68,496 | 23,850 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 396,637 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 698,556 | 600,311 | 396,637 | 734,285 | 180,785 |
| total liabilities | 1,981,864 | 1,426,176 | 836,687 | 1,003,172 | 237,065 |
| net assets | 2,418,646 | 625,916 | 731,522 | -498,669 | -83,143 |
| total shareholders funds | 2,418,646 | 625,916 | 731,522 | -498,669 | -83,143 |
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -1,376,769 | -1,023,233 | -521,814 | -403,817 | -82,913 |
| Depreciation | 516,224 | 28,669 | 160,246 | 77,261 | 6,329 |
| Amortisation | 179,751 | 114,042 | 44,943 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | 16,440 | 5,966 | 23,105 | 23,808 | 4,307 |
| Debtors | 299,484 | -99,626 | 147,415 | 26,843 | 30,722 |
| Creditors | 157,800 | -64,925 | 330,117 | 99,444 | 10,489 |
| Accruals and Deferred Income | 27,270 | 150,522 | -60,129 | 32,055 | 28,074 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -811,648 | -701,265 | -217,157 | -245,708 | -73,050 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -100 | -200 | 100 | 200 | 200 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -64,999 | 59,987 | 5,012 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -164,254 | 234,179 | -665,789 | 508,854 | 156,935 |
| Hire Purchase and Lease Commitments | 534,872 | 666,350 | -102,322 | 65,767 | 36,555 |
| other long term liabilities | 0 | -396,637 | 396,637 | 0 | 0 |
| share issue | |||||
| interest | -330,907 | -138,382 | -46,771 | -11,999 | -1,230 |
| cash flow from financing | 3,540,117 | 1,421,519 | 1,315,532 | 622,899 | 198,272 |
| cash and cash equivalents | |||||
| cash | 512,352 | 98,848 | 121,010 | -5,608 | 19,698 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 512,352 | 98,848 | 121,010 | -5,608 | 19,698 |
cutis developments ltd Credit Report and Business Information
Cutis Developments Ltd Competitor Analysis
Perform a competitor analysis for cutis developments ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other undefined companies, companies in WC2N area or any other competitors across 12 key performance metrics.
cutis developments ltd Ownership
CUTIS DEVELOPMENTS LTD group structure
Cutis Developments Ltd has 1 subsidiary company.
cutis developments ltd directors
Cutis Developments Ltd currently has 1 director, Mr Mats Stigzelius serving since Jun 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mats Stigzelius | England | 47 years | Jun 2010 | - | Director |
P&L
December 2014turnover
4.2m
+77%
operating profit
-1.4m
+35%
gross margin
41.5%
+17.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2014net assets
2.4m
+2.86%
total assets
4.4m
+1.14%
cash
746.3k
+2.19%
net assets
Total assets minus all liabilities
Similar Companies
cutis developments ltd company details
company number
07297483
Type
Private limited with Share Capital
industry
96020 - Hairdressing and other beauty treatment
incorporation date
June 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2014
previous names
N/A
accountant
-
auditor
-
address
resolve partners limited, 22 york buildings, london, WC2N 6JU
Bank
-
Legal Advisor
-
cutis developments 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 cutis developments ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
cutis developments 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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cutis developments ltd Companies House Filings - See Documents
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