the ice network
the ice network Company Information
Company Number
08079373
Website
https://www.theicelist.comRegistered Address
207 regent street, third floor suite 8-107, london, W1B 3HH
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
the ice network Estimated Valuation
Pomanda estimates the enterprise value of THE ICE NETWORK at £30.5k based on a Turnover of £54.1k and 0.56x industry multiple (adjusted for size and gross margin).
the ice network Estimated Valuation
Pomanda estimates the enterprise value of THE ICE NETWORK at £0 based on an EBITDA of £-1.7k and a 4.31x industry multiple (adjusted for size and gross margin).
the ice network Estimated Valuation
Pomanda estimates the enterprise value of THE ICE NETWORK at £209k based on Net Assets of £81.5k and 2.57x industry multiple (adjusted for liquidity).
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The Ice Network Overview
The Ice Network is a live company located in london, W1B 3HH with a Companies House number of 08079373. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2012, it's largest shareholder is unknown. The Ice Network is a established, micro sized company, Pomanda has estimated its turnover at £54.1k with declining growth in recent years.
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The Ice Network Health Check
Pomanda's financial health check has awarded The Ice Network a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £54.1k, make it smaller than the average company (£3m)
- The Ice Network
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -60%, show it is growing at a slower rate (4.1%)
- The Ice Network
4.1% - Industry AVG
Production
with a gross margin of 38.7%, this company has a comparable cost of product (38.7%)
- The Ice Network
38.7% - Industry AVG
Profitability
an operating margin of -3.6% make it less profitable than the average company (6.5%)
- The Ice Network
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (20)
1 - The Ice Network
20 - Industry AVG
Pay Structure
on an average salary of £43.7k, the company has an equivalent pay structure (£43.7k)
- The Ice Network
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £54.1k, this is less efficient (£137.2k)
- The Ice Network
£137.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (39 days)
- The Ice Network
39 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (34 days)
- The Ice Network
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Ice Network
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 106 weeks, this is more cash available to meet short term requirements (28 weeks)
106 weeks - The Ice Network
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38%, this is a lower level of debt than the average (60.5%)
38% - The Ice Network
60.5% - Industry AVG
THE ICE NETWORK financials
The Ice Network's latest turnover from March 2023 is estimated at £54.1 thousand and the company has net assets of £81.5 thousand. According to their latest financial statements, The Ice Network has 1 employee and maintains cash reserves of £102.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 1 | 3 | 3 | 3 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 1,597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,994 | 10,730 | 177,414 | 161,039 | 4,280 | 23,730 | 1,049 | 1,549 | 5,302 | 2,457 | 2,101 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 24,520 | 49,012 | 1,312 | 10,631 | 3,233 | 3,600 | 5,721 | 9,057 | 0 | 4,075 | 75 |
| Cash | 102,347 | 158,736 | 0 | 0 | 48,726 | 15,026 | 22,057 | 8,526 | 19,515 | 16,037 | 3,292 |
| misc current assets | 0 | 3,552 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 129,861 | 222,030 | 178,726 | 171,670 | 56,239 | 42,356 | 28,827 | 19,132 | 24,817 | 22,569 | 5,468 |
| total assets | 131,458 | 222,030 | 178,726 | 171,670 | 56,239 | 42,356 | 28,827 | 19,132 | 24,817 | 22,569 | 5,468 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 316 | 0 | 69,174 | 57,232 | 1,524 | 1,857 | 16,827 | 503 | 24,817 | 22,569 | 5,468 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 49,646 | 143,436 | 0 | 0 | 16,819 | 0 | 12,400 | 9,425 | 0 | 0 | 0 |
| total current liabilities | 49,962 | 143,436 | 69,174 | 57,232 | 18,343 | 1,857 | 29,227 | 9,995 | 24,817 | 22,569 | 5,468 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 31,572 | 23,701 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 31,572 | 23,701 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 49,962 | 143,436 | 100,746 | 80,933 | 18,343 | 1,857 | 29,227 | 9,995 | 24,817 | 22,569 | 5,468 |
| net assets | 81,496 | 78,594 | 77,980 | 90,737 | 37,896 | 40,499 | -400 | 9,137 | 0 | 0 | 0 |
| total shareholders funds | 81,496 | 78,594 | 77,980 | 90,737 | 37,896 | 40,499 | -400 | 9,137 | 0 | 0 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 255 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -32,228 | -118,984 | 7,056 | 164,157 | -19,817 | 20,560 | -3,836 | 5,304 | -1,230 | 4,356 | 2,176 |
| Creditors | 316 | -69,174 | 11,942 | 55,708 | -333 | -14,970 | 16,324 | -24,314 | 2,248 | 17,101 | 5,468 |
| Accruals and Deferred Income | -93,790 | 111,864 | 7,871 | 6,882 | 16,819 | -12,400 | 2,975 | 9,425 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -56,389 | 158,736 | 0 | -48,726 | 33,700 | -7,031 | 13,531 | -10,989 | 3,478 | 12,745 | 3,292 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -67 | 67 | 0 | 0 | 0 |
| change in cash | -56,389 | 158,736 | 0 | -48,726 | 33,700 | -7,031 | 13,598 | -11,056 | 3,478 | 12,745 | 3,292 |
the ice network Credit Report and Business Information
The Ice Network Competitor Analysis
Perform a competitor analysis for the ice network by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in W1B area or any other competitors across 12 key performance metrics.
the ice network Ownership
THE ICE NETWORK group structure
The Ice Network has no subsidiary companies.
Ultimate parent company
THE ICE NETWORK
08079373
the ice network directors
The Ice Network currently has 5 directors. The longest serving directors include Mr Andrew Scott (May 2012) and Mr Peter Ward (May 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Scott | England | 48 years | May 2012 | - | Director |
| Mr Peter Ward | England | 46 years | May 2012 | - | Director |
| Mr Steven Rose | United Kingdom | 66 years | Apr 2021 | - | Director |
| Ms Bindiya Karia | England | 53 years | May 2021 | - | Director |
| Ms Melinda Nicci | 59 years | May 2021 | - | Director |
P&L
March 2023turnover
54.1k
-42%
operating profit
-2k
0%
gross margin
38.7%
+1.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
81.5k
+0.04%
total assets
131.5k
-0.41%
cash
102.3k
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
the ice network company details
company number
08079373
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2012
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
ice list (October 2023)
accountant
TAXASSIST ACCOUNTANTS
auditor
-
address
207 regent street, third floor suite 8-107, london, W1B 3HH
Bank
-
Legal Advisor
-
the ice network 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 the ice network.
the ice network Companies House Filings - See Documents
| date | description | view/download |
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