innovation city (london) limited
innovation city (london) limited Company Information
Company Number
07640912
Website
https://www.icitylondon.comRegistered Address
2 fitzroy place, 8 mortimer street, london, W1T 3JJ
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Andrew Parsons1 Years
Shareholders
dv4 properties icity co ltd 95%
dv4 properties icity co limited 5%
innovation city (london) limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION CITY (LONDON) LIMITED at £165.8m based on a Turnover of £33.9m and 4.89x industry multiple (adjusted for size and gross margin).
innovation city (london) limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION CITY (LONDON) LIMITED at £0 based on an EBITDA of £-35.4m and a 10.33x industry multiple (adjusted for size and gross margin).
innovation city (london) limited Estimated Valuation
Pomanda estimates the enterprise value of INNOVATION CITY (LONDON) LIMITED at £125.9m based on Net Assets of £127.2m and 0.99x industry multiple (adjusted for liquidity).
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Innovation City (london) Limited Overview
Innovation City (london) Limited is a live company located in london, W1T 3JJ with a Companies House number of 07640912. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2011, it's largest shareholder is dv4 properties icity co ltd with a 95% stake. Innovation City (london) Limited is a established, large sized company, Pomanda has estimated its turnover at £33.9m with healthy growth in recent years.
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Innovation City (london) Limited Health Check
Pomanda's financial health check has awarded Innovation City (London) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £33.9m, make it larger than the average company (£800.8k)
£33.9m - Innovation City (london) Limited
£800.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (1.9%)
12% - Innovation City (london) Limited
1.9% - Industry AVG
Production
with a gross margin of 47.2%, this company has a higher cost of product (74.6%)
47.2% - Innovation City (london) Limited
74.6% - Industry AVG
Profitability
an operating margin of -104.5% make it less profitable than the average company (36.6%)
-104.5% - Innovation City (london) Limited
36.6% - Industry AVG
Employees
with 198 employees, this is above the industry average (4)
- Innovation City (london) Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)
- Innovation City (london) Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £171.1k, this is equally as efficient (£171.7k)
- Innovation City (london) Limited
£171.7k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (30 days)
10 days - Innovation City (london) Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 909 days, this is slower than average (37 days)
909 days - Innovation City (london) Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Innovation City (london) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Innovation City (london) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.1%, this is a higher level of debt than the average (62.9%)
72.1% - Innovation City (london) Limited
62.9% - Industry AVG
INNOVATION CITY (LONDON) LIMITED financials
Innovation City (London) Limited's latest turnover from March 2023 is £33.9 million and the company has net assets of £127.2 million. According to their latest financial statements, we estimate that Innovation City (London) Limited has 198 employees and maintains cash reserves of £1.3 million 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 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 33,887,548 | 29,242,083 | 25,128,971 | 23,881,090 | 18,670,695 | 17,818,997 | 14,903,018 | 3,088,490 | 1,534,006 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 17,895,492 | 11,938,285 | 11,847,194 | 11,259,811 | 8,863,203 | 12,970,639 | 7,445,606 | 2,947,974 | 794,226 | 0 | ||
| Gross Profit | 15,992,056 | 17,303,798 | 13,281,777 | 12,621,279 | 9,807,492 | 4,848,358 | 7,457,412 | 140,516 | 739,780 | 0 | ||
| Admin Expenses | 51,401,446 | -37,587,111 | -55,248,841 | 13,271,927 | -13,987,333 | -3,902,226 | -2,190,974 | -22,267,002 | -103,325,594 | 370,167 | ||
| Operating Profit | -35,409,390 | 54,890,909 | 68,530,618 | -650,648 | 23,794,825 | 8,750,584 | 9,648,386 | 22,407,518 | 104,065,374 | -370,167 | -13,885 | 0 |
| Interest Payable | 9,795,563 | 7,869,461 | 7,920,303 | 8,898,949 | 17,838,650 | 20,161,101 | 15,516,134 | 8,801,568 | 9,449,842 | 5,375,460 | 0 | 0 |
| Interest Receivable | 95,633 | 0 | 1,070 | 4,571 | 3,505 | 7,110 | 384,034 | 459,103 | 3,453,318 | 4,234,330 | 0 | 0 |
| Pre-Tax Profit | -41,621,492 | 48,439,518 | 60,596,556 | -10,927,988 | 4,424,334 | -10,012,546 | -5,483,714 | 14,065,053 | 98,068,850 | -1,511,297 | -13,885 | 0 |
| Tax | 10,744,297 | -19,644,890 | -10,286,748 | -680,996 | -4,185,282 | 659,805 | 3,451,888 | 4,093,165 | -14,545,053 | 0 | 0 | 0 |
| Profit After Tax | -30,877,195 | 28,794,628 | 50,309,808 | -11,608,984 | 239,052 | -9,352,741 | -2,031,826 | 18,158,218 | 83,523,797 | -1,511,297 | -13,885 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -30,877,195 | 28,794,628 | 50,309,808 | -11,608,984 | 239,052 | -9,352,741 | -2,031,826 | 18,158,218 | 83,523,797 | -1,511,297 | -13,885 | 0 |
| Employee Costs | 0 | 0 | 358,005 | 274,941 | 297,570 | 0 | 0 | |||||
| Number Of Employees | 3 | 4 | 5 | 4 | 2 | 2 | ||||||
| EBITDA* | -35,409,390 | 54,890,909 | 68,530,618 | -650,648 | 23,794,825 | 8,750,584 | 9,648,386 | 22,407,518 | 104,065,374 | -370,167 | -13,885 | 0 |
* 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 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 9,407 | 0 | 0 | 0 | 0 | 10,328,716 | 431,000 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 385,930,177 | 428,384,512 | 381,311,852 | 317,875,154 | 322,181,128 | 273,825,243 | 268,239,601 | 253,216,304 | 143,141,559 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 14,982,677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 400,912,854 | 428,384,512 | 381,311,852 | 317,875,154 | 322,190,535 | 273,825,243 | 268,239,601 | 253,216,304 | 143,141,559 | 10,328,716 | 431,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,007,570 | 1,342,401 | 964,960 | 6,315,361 | 6,161,862 | 3,912,414 | 821,154 | 1,292,704 | 439,478 | 60,000 | 0 | 0 |
| Group Debtors | 1,702,302 | 5,430,880 | 5,887,777 | 4,915,060 | 3,275,967 | 0 | 9,067,230 | 11,533,535 | 18,174,576 | 44,221,370 | 0 | 1,000 |
| Misc Debtors | 50,325,013 | 39,537,751 | 36,128,357 | 27,258,897 | 18,764,305 | 29,361,597 | 15,123,474 | 4,132,737 | 4,887,555 | 162,082 | 0 | 0 |
| Cash | 1,317,597 | 755,720 | 3,649,746 | 9,732,180 | 6,402,867 | 2,475,613 | 749,356 | 2,263,881 | 1,508,137 | 926,330 | 1,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 54,352,482 | 47,066,752 | 46,630,840 | 48,221,498 | 34,605,001 | 35,749,624 | 25,761,214 | 19,222,857 | 25,009,746 | 45,369,782 | 1,000 | 1,000 |
| total assets | 455,265,336 | 475,451,264 | 427,942,692 | 366,096,652 | 356,795,536 | 309,574,867 | 294,000,815 | 272,439,161 | 168,151,305 | 55,698,498 | 432,000 | 1,000 |
| 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 | 44,588,420 | 1,317,579 | 749,024 | 1,639,221 | 2,568,900 | 3,406,486 | 2,183,073 | 8,062,358 | 6,495,751 | 1,038,573 | 0 | 0 |
| Group/Directors Accounts | 0 | 100,922,121 | 104,022,121 | 134,260,225 | 33,019,056 | 9,826,110 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 45,600 | 1,463,670 | 1,448,841 | 90,627,409 | 80,225,808 | 79,364,808 | 70,391,658 | 62,433,030 | 55,374,223 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 9,781,904 | 7,539,688 | 6,644,866 | 6,317,459 | 3,293,216 | 1,175,671 | 816,180 | 1,417,722 | 809,884 | 444,885 | 0 |
| total current liabilities | 44,588,420 | 112,067,204 | 113,774,503 | 143,993,153 | 132,532,824 | 96,751,620 | 82,723,552 | 79,270,196 | 70,346,503 | 57,222,680 | 444,885 | 0 |
| loans | 247,430,077 | 159,948,420 | 159,453,002 | 128,957,585 | 122,202,717 | 117,709,786 | 106,151,256 | 81,173,617 | 1,260,134 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,385,627 | 0 | 0 | 0 | 0 |
| provisions | 36,044,718 | 45,356,324 | 25,430,499 | 14,171,034 | 13,047,677 | 6,340,195 | 7,000,000 | 10,451,888 | 14,545,053 | 0 | 0 | 0 |
| total long term liabilities | 283,474,795 | 205,304,744 | 184,883,501 | 143,128,619 | 135,250,394 | 124,049,981 | 113,151,256 | 93,011,132 | 15,805,187 | 0 | 0 | 0 |
| total liabilities | 328,063,215 | 317,371,948 | 298,658,004 | 287,121,772 | 267,783,218 | 220,801,601 | 195,874,808 | 172,281,328 | 86,151,690 | 57,222,680 | 444,885 | 0 |
| net assets | 127,202,121 | 158,079,316 | 129,284,688 | 78,974,880 | 89,012,318 | 88,773,266 | 98,126,007 | 100,157,833 | 81,999,615 | -1,524,182 | -12,885 | 1,000 |
| total shareholders funds | 127,202,121 | 158,079,316 | 129,284,688 | 78,974,880 | 89,012,318 | 88,773,266 | 98,126,007 | 100,157,833 | 81,999,615 | -1,524,182 | -12,885 | 1,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -35,409,390 | 54,890,909 | 68,530,618 | -650,648 | 23,794,825 | 8,750,584 | 9,648,386 | 22,407,518 | 104,065,374 | -370,167 | -13,885 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 10,744,297 | -19,644,890 | -10,286,748 | -680,996 | -4,185,282 | 659,805 | 3,451,888 | 4,093,165 | -14,545,053 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 21,706,530 | 3,329,938 | 4,491,776 | 10,287,184 | -5,071,877 | 8,262,153 | 8,052,882 | -6,542,633 | -20,941,843 | 44,443,452 | -1,000 | 1,000 |
| Creditors | 43,270,841 | 568,555 | -890,197 | -929,679 | -837,586 | 1,223,413 | -5,879,285 | 1,566,607 | 5,457,178 | 1,038,573 | 0 | 0 |
| Accruals and Deferred Income | -9,781,904 | 2,242,216 | 894,822 | 327,407 | 3,024,243 | 2,117,545 | 359,491 | -601,542 | 607,838 | 364,999 | 444,885 | 0 |
| Deferred Taxes & Provisions | -9,311,606 | 19,925,825 | 11,259,465 | 1,123,357 | 6,707,482 | -659,805 | -3,451,888 | -4,093,165 | 14,545,053 | 0 | 0 | 0 |
| Cash flow from operations | -22,194,292 | 54,652,677 | 65,016,184 | -11,097,743 | 33,575,559 | 3,829,389 | -3,924,290 | 29,915,216 | -43,410,047 | 432,000 | -1,000 | |
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -6,001,070 | -2,476,618 | -4,986,070 | |||||
| Change in Investments | -42,454,335 | 47,072,660 | 63,436,698 | -4,305,974 | 48,355,885 | 5,585,642 | 15,023,297 | 110,074,745 | 143,141,559 | 0 | 0 | 0 |
| cash flow from investments | 42,454,335 | -47,072,660 | -63,436,698 | 4,305,974 | -54,356,955 | -8,062,260 | -20,009,367 | |||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -100,922,121 | -3,100,000 | -30,238,104 | 101,241,169 | 23,192,946 | 9,826,110 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -45,600 | -1,418,070 | 14,829 | -89,178,568 | 10,401,601 | 861,000 | 8,973,150 | 7,958,628 | 7,058,807 | 55,374,223 | 0 | 0 |
| Long term loans | 87,481,657 | 495,418 | 30,495,417 | 6,754,868 | 4,492,931 | 11,558,530 | 24,977,639 | 79,913,483 | 1,260,134 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -1,385,627 | 1,385,627 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -9,699,930 | -7,869,461 | -7,919,233 | -8,894,378 | -17,835,145 | -20,153,991 | -15,132,100 | -8,342,465 | -5,996,524 | -1,141,130 | 0 | 0 |
| cash flow from financing | -23,185,994 | -11,892,113 | -7,647,091 | 11,494,637 | 20,252,333 | 2,091,649 | 17,433,062 | 80,915,273 | 2,322,417 | 54,233,093 | 0 | 1,000 |
| cash and cash equivalents | ||||||||||||
| cash | 561,877 | -2,894,026 | -6,082,434 | 3,329,313 | 3,927,254 | 1,726,257 | -1,514,525 | 755,744 | 581,807 | 925,330 | 1,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 561,877 | -2,894,026 | -6,082,434 | 3,329,313 | 3,927,254 | 1,726,257 | -1,514,525 | 755,744 | 581,807 | 925,330 | 1,000 | 0 |
innovation city (london) limited Credit Report and Business Information
Innovation City (london) Limited Competitor Analysis
Perform a competitor analysis for innovation city (london) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in W1T area or any other competitors across 12 key performance metrics.
innovation city (london) limited Ownership
INNOVATION CITY (LONDON) LIMITED group structure
Innovation City (London) Limited has 1 subsidiary company.
Ultimate parent company
DV4 PROPERTIES ICITY CO LTD
#0092717
2 parents
INNOVATION CITY (LONDON) LIMITED
07640912
1 subsidiary
innovation city (london) limited directors
Innovation City (London) Limited currently has 1 director, Mr Andrew Parsons serving since Feb 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Parsons | Bermuda | 65 years | Feb 2023 | - | Director |
P&L
March 2023turnover
33.9m
+16%
operating profit
-35.4m
-165%
gross margin
47.2%
-20.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
127.2m
-0.2%
total assets
455.3m
-0.04%
cash
1.3m
+0.74%
net assets
Total assets minus all liabilities
Similar Companies
innovation city (london) limited company details
company number
07640912
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
May 2011
age
13
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
london's tech city limited (November 2011)
last accounts submitted
March 2023
address
2 fitzroy place, 8 mortimer street, london, W1T 3JJ
accountant
-
auditor
ERNST & YOUNG LLP
innovation city (london) 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 found 7 charges/mortgages relating to innovation city (london) limited. Currently there are 2 open charges and 5 have been satisfied in the past.
innovation city (london) limited Companies House Filings - See Documents
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