Vrm Technology Limited

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vrm technology limited Company Information

Live (In Liquidation)

EstablishedMicroDeclining

Company Number

08048546

Website

www.vrmtech.co.uk

Registered Address

galley house moon lane, london, EN5 5YL

Industry

Other information technology and computer service activities

Telephone

02034687560

Next Accounts Due

1085 days late

Group Structure

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Directors

Neill Ryan12 Years

Eoin McGuckian10 Years

Shareholders

eoin paul mcguckian 17%

hayes consortium 15.1%

View All

vrm technology limited Estimated Valuation

£283.9k

Pomanda estimates the enterprise value of VRM TECHNOLOGY LIMITED at £283.9k based on a Turnover of £395.9k and 0.72x industry multiple (adjusted for size and gross margin).

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Vrm Technology Limited is a live company located in london, EN5 5YL with a Companies House number of 08048546. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2012, it's largest shareholder is eoin paul mcguckian with a 17% stake. Vrm Technology Limited is a established, micro sized company, Pomanda has estimated its turnover at £395.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Vrm Technology Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £395.9k, make it smaller than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.7%)

EXPORT

Vrm Technology Limited's latest turnover from December 2019 is estimated at £395.9 thousand and the company has net assets of £679.6 thousand. According to their latest financial statements, Vrm Technology Limited has 3 employees and maintains cash reserves of £7.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Apr 2013
Turnover	395,926	665,347	847,797	455,821	798,341	1,729,600	556,011	27,781
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	188,137	309,483	397,433	212,191	375,003	812,441	260,290	13,161
Gross Profit	207,789	355,864	450,364	243,630	423,338	917,159	295,721	14,621
Admin Expenses	334,575	495,413	662,528	431,960	608,943	1,184,625	526,980	38,706
Operating Profit	-126,786	-139,549	-212,164	-188,330	-185,605	-267,466	-231,259	-24,085
Interest Payable	40,983	25,667	12,362	0	0	0	0	0
Interest Receivable	31	8	3	1	79	79	1	0
Pre-Tax Profit	-167,738	-165,209	-224,523	-188,329	-185,526	-267,387	-231,258	-24,085
Tax	0	0	0	0	0	0	0	0
Profit After Tax	-167,738	-165,209	-224,523	-188,329	-185,526	-267,387	-231,258	-24,085
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	-167,738	-165,209	-224,523	-188,329	-185,526	-267,387	-231,258	-24,085
Employee Costs	180,586	173,805	166,401	54,504	329,846	655,697	213,614	50,444
Number Of Employees	3	3	3	1	6	12	4	1
EBITDA*	-126,786	-139,549	-212,164	-188,330	-185,605	-267,466	-231,259	-24,085

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Apr 2013
Tangible Assets	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	83	83	83	83	83	83	83	0
Debtors (Due After 1 year)	2,039,514	1,688,278	1,233,489	831,844	346,480	0	0	0
Total Fixed Assets	2,039,597	1,688,361	1,233,572	831,927	346,563	83	83	0
Stock & work in progress	0	0	0	0	0	0	0	0
Trade Debtors	67,151	95,151	164,959	0	0	312,793	97,758	620
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	0	3,458	0	2,644	4,369	12,203	22,251	0
Cash	7,236	995	1,061	310	243	31,324	328	0
misc current assets	0	0	0	0	0	0	0	0
total current assets	74,387	99,604	166,020	2,954	4,612	356,320	120,337	620
total assets	2,113,984	1,787,965	1,399,592	834,881	351,175	356,403	120,420	620
Bank overdraft	0	0	243	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	39,011	305,221	277,412	260,165	191,945	234,432	75,887	24,704
Group/Directors Accounts	286,294	12,203	12,203	12,203	12,203	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	221,326	209,272	198,088	171,167	90,582	0	0	0
total current liabilities	546,631	526,696	487,946	443,535	294,730	234,432	75,887	24,704
loans	834,181	380,135	380,135	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	53,546	33,770	12,106	212,695	0	0	0	0
provisions	0	0	0	0	0	0	0	0
total long term liabilities	887,727	413,905	392,241	212,695	0	0	0	0
total liabilities	1,434,358	940,601	880,187	656,230	294,730	234,432	75,887	24,704
net assets	679,626	847,364	519,405	178,651	56,445	121,971	44,533	-24,084
total shareholders funds	679,626	847,364	519,405	178,651	56,445	121,971	44,533	-24,084

	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Apr 2013
Operating Activities
Operating Profit	-126,786	-139,549	-212,164	-188,330	-185,605	-267,466	-231,259	-24,085
Depreciation	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0
Debtors	319,778	388,439	563,960	483,639	25,853	204,987	120,009	620
Creditors	-266,210	27,809	17,247	68,220	-42,487	158,545	75,887	24,704
Accruals and Deferred Income	12,054	11,184	26,921	80,585	90,582	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	-700,720	-488,995	-731,956	-523,164	-163,363	-313,908	-275,381	-1
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	83	0
cash flow from investments	0	0	0	0	0	0	-83	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	274,091	0	0	0	12,203	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	454,046	0	380,135	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0
other long term liabilities	19,776	21,664	-200,589	212,695	0	0	0	0
share issue	0	493,168	565,277	310,535	120,000	344,825	275,791	1
interest	-40,952	-25,659	-12,359	1	79	79	1	0
cash flow from financing	706,961	489,173	732,464	523,231	132,282	344,904	275,792	1
cash and cash equivalents
cash	6,241	-66	751	67	-31,081	30,996	328	0
overdraft	0	-243	243	0	0	0	0	0
change in cash	6,241	177	508	67	-31,081	30,996	328	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VRM TECHNOLOGY LIMITED group structure

Vrm Technology Limited has no subsidiary companies.

Ultimate parent company

VRM TECHNOLOGY LIMITED

08048546

VRM TECHNOLOGY LIMITED Shareholders

eoin paul mcguckian	16.98%
hayes consortium	15.1%
neill anthony ryan	9.62%
enterprise ireland	9.57%
freshridge ltd	7.72%
ronan mcnulty	7.34%
patrick mcguckian	7.02%
patrick g. mcguckian	5.74%
patrick francis durkan	4.53%
harden capita limited	3.09%

Vrm Technology Limited currently has 2 directors. The longest serving directors include Mr Neill Ryan (Apr 2012) and Mr Eoin McGuckian (Mar 2014).

officer	country	age	start	end	role
Mr Neill Ryan	Ireland	53 years	Apr 2012	-	Director
Mr Eoin McGuckian	Ireland	53 years	Mar 2014	-	Director

P&L

December 2019

turnover

395.9k

-40%

operating profit

-126.8k

gross margin

52.5%

-1.88%

turnover

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

Balance Sheet

December 2019

net assets

679.6k

-0.2%

total assets

2.1m

+0.18%

cash

7.2k

+6.27%

net assets

Total assets minus all liabilities

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company number

08048546

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

April 2012

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2019

address

galley house moon lane, london, EN5 5YL

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 vrm technology limited.

vrm technology limited Company Information

vrm technology limited Estimated Valuation

vrm technology limited Estimated Valuation

vrm technology limited Estimated Valuation

Vrm Technology Limited Overview

Vrm Technology Limited Health Check

VRM TECHNOLOGY LIMITED financials

vrm technology limited Credit Report and Business Information

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vrm technology limited Ownership

vrm technology limited directors

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vrm technology limited Companies House Filings - See Documents