itaconix plc
itaconix plc Company Information
Company Number
08024489
Website
http://www.itaconix.comRegistered Address
fieldfisher riverbank house, 2 swan lane, london, EC4R 3TT
Industry
Manufacture of other chemical products n.e.c.
Telephone
01244283500
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
-0%
itaconix plc Estimated Valuation
Pomanda estimates the enterprise value of ITACONIX PLC at £3.8m based on a Turnover of £6.2m and 0.61x industry multiple (adjusted for size and gross margin).
itaconix plc Estimated Valuation
Pomanda estimates the enterprise value of ITACONIX PLC at £0 based on an EBITDA of £-984.9k and a 4.6x industry multiple (adjusted for size and gross margin).
itaconix plc Estimated Valuation
Pomanda estimates the enterprise value of ITACONIX PLC at £18.1m based on Net Assets of £8.8m and 2.05x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Itaconix Plc Overview
Itaconix Plc is a live company located in london, EC4R 3TT with a Companies House number of 08024489. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in April 2012, it's largest shareholder is unknown. Itaconix Plc is a established, mid sized company, Pomanda has estimated its turnover at £6.2m with rapid growth in recent years.
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Itaconix Plc Health Check
Pomanda's financial health check has awarded Itaconix Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £6.2m, make it smaller than the average company (£21.1m)
£6.2m - Itaconix Plc
£21.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (8.1%)
32% - Itaconix Plc
8.1% - Industry AVG
Production
with a gross margin of 31%, this company has a comparable cost of product (29.5%)
31% - Itaconix Plc
29.5% - Industry AVG
Profitability
an operating margin of -21% make it less profitable than the average company (6%)
-21% - Itaconix Plc
6% - Industry AVG
Employees
with 17 employees, this is below the industry average (58)
17 - Itaconix Plc
58 - Industry AVG
Pay Structure
on an average salary of £116.8k, the company has a higher pay structure (£54.1k)
£116.8k - Itaconix Plc
£54.1k - Industry AVG
Efficiency
resulting in sales per employee of £363.4k, this is equally as efficient (£357.5k)
£363.4k - Itaconix Plc
£357.5k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (51 days)
58 days - Itaconix Plc
51 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (39 days)
81 days - Itaconix Plc
39 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is in line with average (67 days)
75 days - Itaconix Plc
67 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Itaconix Plc
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26%, this is a lower level of debt than the average (40%)
26% - Itaconix Plc
40% - Industry AVG
ITACONIX PLC financials
Itaconix Plc's latest turnover from December 2023 is £6.2 million and the company has net assets of £8.8 million. According to their latest financial statements, Itaconix Plc has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,178,134 | 4,528,546 | 2,099,305 | 2,674,466 | 1,288,000 | 690,277 | 553,000 | 285,000 | 1,249,000 | 1,022,000 | 528,000 | 176,000 | 150,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,264,059 | 3,326,055 | 1,533,236 | 1,736,940 | 838,000 | 580,585 | 332,000 | 230,000 | 1,162,000 | 903,000 | 871,000 | 782,000 | 66,000 |
| Gross Profit | 1,914,075 | 1,202,491 | 566,068 | 937,525 | 450,000 | 109,692 | 221,000 | 55,000 | 87,000 | 119,000 | -343,000 | -606,000 | 84,000 |
| Admin Expenses | 3,210,022 | 3,076,177 | 2,189,875 | 2,269,071 | 3,328,000 | 7,987,934 | 5,395,000 | 5,237,000 | 2,697,000 | 4,524,000 | 5,134,000 | 9,518,000 | 4,016,000 |
| Operating Profit | -1,295,947 | -1,873,686 | -1,623,807 | -1,331,546 | -2,878,000 | -7,878,242 | -5,174,000 | -5,182,000 | -2,610,000 | -4,405,000 | -5,477,000 | -10,124,000 | -3,932,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 110,744 | 0 | 0 | 0 | 1,000 | 3,134 | 1,000 | 51,000 | 88,000 | 110,000 | 193,000 | 50,000 | 7,000 |
| Pre-Tax Profit | -1,185,203 | -1,985,282 | -362,284 | -1,331,546 | -1,357,000 | -7,878,242 | -11,868,000 | -5,639,000 | -2,522,000 | -4,295,000 | -5,284,000 | -10,074,000 | -3,925,000 |
| Tax | -21,206 | -6,469 | -5,661 | -5,687 | -1,000 | 146,517 | 1,694,000 | 531,000 | 1,793,000 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,206,409 | -1,991,752 | -367,944 | -1,337,233 | -1,358,000 | -7,731,725 | -10,174,000 | -5,108,000 | -729,000 | -4,295,000 | -5,284,000 | -10,074,000 | -3,925,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,206,409 | -1,991,752 | -367,944 | -1,337,233 | -1,358,000 | -7,731,725 | -10,141,000 | -5,716,000 | -1,792,000 | -4,295,000 | -5,284,000 | -10,074,000 | -3,925,000 |
| Employee Costs | 1,984,763 | 2,083,940 | 1,573,670 | 1,214,558 | 1,524,000 | 3,296,247 | 3,322,000 | 2,554,000 | 1,662,000 | 2,981,000 | 2,462,000 | 7,150,000 | 2,472,000 |
| Number Of Employees | 17 | 14 | 17 | 16 | 16 | 32 | 39 | 41 | 40 | 41 | 40 | 41 | |
| EBITDA* | -984,920 | -1,580,948 | -1,326,217 | -1,008,206 | -2,457,000 | -7,606,362 | -4,648,000 | -4,848,000 | -2,440,000 | -4,234,000 | -5,113,000 | -9,855,000 | -3,770,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,264,530 | 520,783 | 765,809 | 1,013,080 | 1,621,000 | 892,423 | 980,000 | 948,000 | 340,000 | 314,000 | 364,000 | 545,000 | 739,000 |
| Intangible Assets | 1,775,055 | 0 | 0 | 0 | 0 | 0 | 0 | 10,124,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 999,842 | 0 | 0 | 0 | 0 | 0 | 0 | 145,000 | 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 | 3,039,585 | 520,782 | 765,809 | 1,013,079 | 1,621,000 | 892,423 | 980,000 | 11,072,000 | 340,000 | 314,000 | 364,000 | 545,000 | 739,000 |
| Stock & work in progress | 880,458 | 904,900 | 1,107,067 | 1,105,695 | 504,000 | 303,220 | 271,000 | 210,000 | 164,000 | 207,000 | 168,000 | 458,000 | 824,000 |
| Trade Debtors | 984,134 | 102,701 | 199,741 | 333,902 | 247,000 | 119,094 | 127,000 | 65,000 | 318,000 | 307,000 | 296,000 | 106,000 | 265,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 27,423 | 45,000 | 17,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 131,950 | 29,920 | 26,686 | 42,245 | 84,000 | 564,130 | 534,000 | 753,000 | 699,000 | 189,000 | 238,000 | 194,000 | 176,000 |
| Cash | 0 | 482,775 | 552,320 | 1,176,375 | 765,000 | 2,080,231 | 3,606,000 | 8,789,000 | 3,514,000 | 1,686,000 | 2,182,000 | 4,899,000 | 3,083,000 |
| misc current assets | 6,872,447 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000,000 | 11,500,000 | 15,500,000 | 17,000,000 | 0 |
| total current assets | 8,868,992 | 1,520,298 | 1,885,816 | 2,658,218 | 1,600,000 | 3,094,100 | 4,583,000 | 9,834,000 | 11,695,000 | 13,889,000 | 18,384,000 | 22,657,000 | 4,348,000 |
| total assets | 11,908,577 | 2,041,080 | 2,651,625 | 3,671,297 | 3,221,000 | 3,986,523 | 5,563,000 | 20,906,000 | 12,035,000 | 14,203,000 | 18,748,000 | 23,202,000 | 5,087,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 949,576 | 810,286 | 536,148 | 883,906 | 307,000 | 126,146 | 162,000 | 412,000 | 346,000 | 312,000 | 316,000 | 248,000 | 287,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 118,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 219,132 | 145,560 | 118,065 | 185,230 | 320,000 | 0 | 0 | 0 | 0 | 0 | 204,000 | 102,000 | 82,000 |
| other current liabilities | 387,212 | 1,615,719 | 288,694 | 363,960 | 400,000 | 585,285 | 824,000 | 1,168,000 | 1,365,000 | 1,503,000 | 1,794,000 | 1,658,000 | 613,000 |
| total current liabilities | 1,555,922 | 2,571,567 | 942,908 | 1,551,710 | 1,027,000 | 711,431 | 986,000 | 1,580,000 | 1,711,000 | 1,815,000 | 2,314,000 | 2,008,000 | 982,000 |
| loans | 3,074,142 | 192,462 | 1,465,307 | 2,972,620 | 3,941,000 | 6,097,312 | 0 | 0 | 0 | 0 | 700,000 | 204,000 | 312,000 |
| hp & lease commitments | 1,537,071 | 96,231 | 281,416 | 386,708 | 750,000 | 0 | 0 | 0 | 0 | 0 | 350,000 | 102,000 | 156,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 41,433 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 1,214,000 | 9,744,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,537,071 | 96,231 | 1,183,891 | 2,627,345 | 3,191,000 | 3,048,656 | 607,000 | 4,872,000 | 0 | 0 | 350,000 | 102,000 | 156,000 |
| total liabilities | 3,092,993 | 2,667,798 | 2,126,799 | 4,179,055 | 4,218,000 | 3,760,087 | 1,593,000 | 6,452,000 | 1,711,000 | 1,815,000 | 2,664,000 | 2,110,000 | 1,138,000 |
| net assets | 8,815,583 | -626,719 | 524,826 | -507,759 | -997,000 | 226,436 | 3,970,000 | 14,454,000 | 10,324,000 | 12,388,000 | 16,084,000 | 21,092,000 | 3,949,000 |
| total shareholders funds | 8,815,583 | -626,718 | 524,826 | -507,759 | -997,000 | 226,436 | 3,970,000 | 14,454,000 | 10,324,000 | 12,388,000 | 16,084,000 | 21,092,000 | 3,949,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -1,295,947 | -1,873,686 | -1,623,807 | -1,331,546 | -2,878,000 | -7,878,242 | -5,174,000 | -5,182,000 | -2,610,000 | -4,405,000 | -5,477,000 | -10,124,000 | -3,932,000 |
| Depreciation | 152,372 | 129,387 | 135,048 | 162,483 | 223,000 | 271,880 | 259,000 | 202,000 | 170,000 | 171,000 | 364,000 | 269,000 | 162,000 |
| Amortisation | 158,655 | 163,351 | 162,542 | 160,857 | 198,000 | 0 | 267,000 | 132,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | -21,206 | -6,469 | -5,661 | -5,687 | -1,000 | 146,517 | 1,694,000 | 531,000 | 1,793,000 | 0 | 0 | 0 | 0 |
| Stock | -24,442 | -202,167 | 1,372 | 601,695 | 200,780 | 32,220 | 61,000 | 46,000 | -43,000 | 39,000 | -290,000 | -366,000 | 824,000 |
| Debtors | 983,464 | -93,806 | -149,720 | 45,147 | -379,647 | 4,647 | -129,000 | -182,000 | 521,000 | -38,000 | 234,000 | -141,000 | 441,000 |
| Creditors | 139,290 | 274,139 | -347,759 | 576,906 | 180,854 | -35,854 | -250,000 | 66,000 | 34,000 | -4,000 | 68,000 | -39,000 | 287,000 |
| Accruals and Deferred Income | -1,228,507 | 1,327,025 | -75,266 | -36,040 | -185,285 | -238,715 | -344,000 | -197,000 | -138,000 | -291,000 | 136,000 | 1,045,000 | 613,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -1,214,000 | -8,530,000 | 9,744,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -3,054,365 | 309,720 | -1,606,555 | -1,119,869 | -2,283,564 | -8,985,281 | -12,010,000 | 5,432,000 | -1,229,000 | -4,530,000 | -4,853,000 | -8,342,000 | -4,135,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 999,842 | 0 | 0 | 0 | 0 | 0 | -145,000 | 145,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -118,612 | 118,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,881,680 | -1,272,845 | -1,507,313 | -968,380 | -2,156,312 | 6,097,312 | 0 | 0 | 0 | -700,000 | 496,000 | -108,000 | 312,000 |
| Hire Purchase and Lease Commitments | 1,514,412 | -157,690 | -172,457 | -498,062 | 1,070,000 | 0 | 0 | 0 | 0 | -554,000 | 350,000 | -34,000 | 238,000 |
| other long term liabilities | 0 | 0 | -41,433 | 41,433 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 110,744 | 0 | 0 | 0 | 1,000 | 3,134 | 1,000 | 51,000 | 88,000 | 110,000 | 193,000 | 50,000 | 7,000 |
| cash flow from financing | 15,155,546 | -590,328 | -439,286 | 520,077 | -950,748 | 10,088,607 | -342,000 | 9,897,000 | -184,000 | -545,000 | 1,315,000 | 27,125,000 | 8,431,000 |
| cash and cash equivalents | |||||||||||||
| cash | -482,775 | -69,545 | -624,055 | 411,375 | -1,315,231 | -1,525,769 | -5,183,000 | 5,275,000 | 1,828,000 | -496,000 | -2,717,000 | 1,816,000 | 3,083,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -482,775 | -69,545 | -624,055 | 411,375 | -1,315,231 | -1,525,769 | -5,183,000 | 5,275,000 | 1,828,000 | -496,000 | -2,717,000 | 1,816,000 | 3,083,000 |
itaconix plc Credit Report and Business Information
Itaconix Plc Competitor Analysis
Perform a competitor analysis for itaconix plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC4R area or any other competitors across 12 key performance metrics.
itaconix plc Ownership
ITACONIX PLC group structure
Itaconix Plc has 2 subsidiary companies.
Ultimate parent company
ITACONIX PLC
08024489
2 subsidiaries
itaconix plc directors
Itaconix Plc currently has 6 directors. The longest serving directors include Mr John Shaw (Aug 2018) and Dr Peter Nieuwenhuizen (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Shaw | United States | 65 years | Aug 2018 | - | Director |
| Dr Peter Nieuwenhuizen | United Kingdom | 54 years | Jul 2022 | - | Director |
| Ms Laura Denner | United Kingdom | 41 years | Jul 2022 | - | Director |
| Ms Laura Denner | United Kingdom | 41 years | Jul 2022 | - | Director |
| Mr Paul Leblanc | United Kingdom | 62 years | Jan 2023 | - | Director |
| Mr Jonathan Brooks | United Kingdom | 61 years | Feb 2024 | - | Director |
P&L
December 2023turnover
6.2m
+36%
operating profit
-1.3m
-31%
gross margin
31%
+16.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.8m
-15.07%
total assets
11.9m
+4.83%
cash
0
-1%
net assets
Total assets minus all liabilities
itaconix plc company details
company number
08024489
Type
Public limited with Share Capital
industry
20590 - Manufacture of other chemical products n.e.c.
incorporation date
April 2012
age
12
incorporated
UK
accounts
Group
ultimate parent company
previous names
revolymer plc (February 2017)
revolymer (u.k.) plc (July 2012)
last accounts submitted
December 2023
address
fieldfisher riverbank house, 2 swan lane, london, EC4R 3TT
accountant
-
auditor
BDO LLP
itaconix plc 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 itaconix plc.
itaconix plc Companies House Filings - See Documents
| date | description | view/download |
|---|
