initium (design build contract) limited
initium (design build contract) limited Company Information
Company Number
08355226
Next Accounts
557 days late
Shareholders
be offices limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
2 leman street, london, E1W 9US
Website
www.initiumdbc.cominitium (design build contract) limited Estimated Valuation
Pomanda estimates the enterprise value of INITIUM (DESIGN BUILD CONTRACT) LIMITED at £878.9k based on a Turnover of £1.6m and 0.56x industry multiple (adjusted for size and gross margin).
initium (design build contract) limited Estimated Valuation
Pomanda estimates the enterprise value of INITIUM (DESIGN BUILD CONTRACT) LIMITED at £0 based on an EBITDA of £-13.7k and a 4.08x industry multiple (adjusted for size and gross margin).
initium (design build contract) limited Estimated Valuation
Pomanda estimates the enterprise value of INITIUM (DESIGN BUILD CONTRACT) LIMITED at £0 based on Net Assets of £-35k and 2.13x industry multiple (adjusted for liquidity).
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Initium (design Build Contract) Limited Overview
Initium (design Build Contract) Limited is a live company located in london, E1W 9US with a Companies House number of 08355226. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2013, it's largest shareholder is be offices limited with a 100% stake. Initium (design Build Contract) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.
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Initium (design Build Contract) Limited Health Check
Pomanda's financial health check has awarded Initium (Design Build Contract) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£3.4m)
- Initium (design Build Contract) Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (1.3%)
- Initium (design Build Contract) Limited
1.3% - Industry AVG
Production
with a gross margin of 37.4%, this company has a comparable cost of product (37.4%)
- Initium (design Build Contract) Limited
37.4% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (5.5%)
- Initium (design Build Contract) Limited
5.5% - Industry AVG
Employees
with 11 employees, this is below the industry average (24)
- Initium (design Build Contract) Limited
24 - Industry AVG
Pay Structure
on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)
- Initium (design Build Contract) Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £143.4k, this is equally as efficient (£146.6k)
- Initium (design Build Contract) Limited
£146.6k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (44 days)
- Initium (design Build Contract) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (34 days)
- Initium (design Build Contract) Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Initium (design Build Contract) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (25 weeks)
2 weeks - Initium (design Build Contract) Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.4%, this is a higher level of debt than the average (64.4%)
111.4% - Initium (design Build Contract) Limited
64.4% - Industry AVG
INITIUM (DESIGN BUILD CONTRACT) LIMITED financials
Initium (Design Build Contract) Limited's latest turnover from December 2021 is estimated at £1.6 million and the company has net assets of -£35 thousand. According to their latest financial statements, we estimate that Initium (Design Build Contract) Limited has 11 employees and maintains cash reserves of £15.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,139,900 | 3,876,246 | 1,554,659 | 1,307,366 | |||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 2,629,132 | 3,217,648 | 1,297,586 | 1,009,552 | |||||
| Gross Profit | 510,768 | 658,598 | 257,073 | 297,814 | |||||
| Admin Expenses | 488,305 | 268,402 | 157,847 | 258,821 | |||||
| Operating Profit | 22,463 | 390,196 | 99,226 | 38,993 | |||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 1,203 | 372,479 | 99,226 | 38,993 | -5,995 | ||||
| Tax | -232 | 6,951 | -8,381 | ||||||
| Profit After Tax | 971 | 372,479 | 106,177 | 30,612 | -5,995 | ||||
| Dividends Paid | 500,000 | ||||||||
| Retained Profit | -499,029 | 372,479 | 106,177 | 30,612 | -5,995 | ||||
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | 22,463 | 390,196 | 99,226 | 38,993 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | |||||||||
| Stock & work in progress | 167,934 | ||||||||
| Trade Debtors | 238,634 | 205,327 | 29,681 | 11,477 | 82,318 | 609,887 | |||
| Group Debtors | 741,458 | 505,370 | |||||||
| Misc Debtors | 53,489 | 20,897 | 539,900 | 207,940 | 6,388 | 95,068 | 42,537 | ||
| Cash | 15,568 | 527,968 | 23,826 | 2,495,073 | 414,612 | 1,594,587 | 288,022 | ||
| misc current assets | |||||||||
| total current assets | 307,691 | 548,865 | 1,510,511 | 3,268,824 | 634,029 | 2,188,663 | 383,090 | 652,424 | |
| total assets | 307,691 | 548,865 | 1,510,511 | 3,268,824 | 634,029 | 2,188,663 | 383,090 | 652,424 | |
| Bank overdraft | 5,137 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 157,927 | 58,897 | 214,366 | 204,817 | 119,839 | 50,364 | 31,872 | 32,385 | |
| Group/Directors Accounts | 88,277 | 511,945 | 289,291 | 1,414,603 | 581,903 | ||||
| other short term finances | 1,855,535 | ||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 96,515 | 86,717 | 232 | 8,381 | |||||
| total current liabilities | 342,719 | 570,842 | 301,083 | 2,060,352 | 409,362 | 1,464,967 | 31,872 | 627,806 | |
| loans | 88,583 | 88,583 | 88,583 | 88,583 | 5,994 | ||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 88,583 | 88,583 | 88,583 | 88,583 | 88,583 | 5,994 | |||
| total liabilities | 342,719 | 570,842 | 389,666 | 2,148,935 | 497,945 | 1,553,550 | 120,455 | 627,806 | 5,994 |
| net assets | -35,028 | -21,977 | 1,120,845 | 1,119,889 | 136,084 | 635,113 | 262,635 | 24,618 | -5,994 |
| total shareholders funds | -35,028 | -21,977 | 1,120,845 | 1,119,889 | 136,084 | 635,113 | 262,635 | 24,618 | -5,994 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 22,463 | 390,196 | 99,226 | 38,993 | |||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | -232 | 6,951 | -8,381 | ||||||
| Stock | -167,934 | 167,934 | |||||||
| Debtors | 271,226 | -1,465,788 | 1,457,004 | -189,736 | -374,659 | 499,008 | -557,356 | 652,424 | |
| Creditors | 99,030 | -155,469 | 9,549 | 84,978 | 69,475 | 18,492 | -513 | 32,385 | |
| Accruals and Deferred Income | 96,515 | -86,717 | 86,717 | -232 | 232 | -8,381 | 8,381 | ||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | 466,597 | -90,320 | 654,639 | -581,046 | |||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -423,668 | 511,945 | -289,291 | -1,125,312 | 1,414,603 | -581,903 | 581,903 | ||
| Other Short Term Loans | -1,855,535 | 1,855,535 | |||||||
| Long term loans | -88,583 | 88,583 | -88,583 | 88,583 | -5,994 | 5,994 | |||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | -1,125,312 | 1,414,602 | -361,480 | 5,995 | |||||
| cash and cash equivalents | |||||||||
| cash | -512,400 | 504,142 | -2,471,247 | 2,080,461 | -1,179,975 | 1,306,565 | 288,022 | ||
| overdraft | -5,137 | 5,137 | |||||||
| change in cash | -512,400 | 504,142 | -2,471,247 | 2,080,461 | -1,179,975 | 1,306,565 | 293,159 | -5,137 |
initium (design build contract) limited Credit Report and Business Information
Initium (design Build Contract) Limited Competitor Analysis
Perform a competitor analysis for initium (design build contract) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in E1W area or any other competitors across 12 key performance metrics.
initium (design build contract) limited Ownership
INITIUM (DESIGN BUILD CONTRACT) LIMITED group structure
Initium (Design Build Contract) Limited has no subsidiary companies.
Ultimate parent company
1 parent
INITIUM (DESIGN BUILD CONTRACT) LIMITED
08355226
initium (design build contract) limited directors
Initium (Design Build Contract) Limited currently has 3 directors. The longest serving directors include Mr David Saul (Jan 2013) and Mr Jayson Jenkins (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Saul | 60 years | Jan 2013 | - | Director | |
| Mr Jayson Jenkins | United Kingdom | 60 years | Nov 2017 | - | Director |
| Mr Simon Rusk | United Kingdom | 59 years | Jan 2022 | - | Director |
P&L
December 2021turnover
1.6m
+284%
operating profit
-13.7k
0%
gross margin
37.5%
+0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-35k
+0.59%
total assets
307.7k
-0.44%
cash
15.6k
-0.97%
net assets
Total assets minus all liabilities
initium (design build contract) limited company details
company number
08355226
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2021
previous names
N/A
accountant
GRAVITA AUDIT LIMITED
auditor
-
address
2 leman street, london, E1W 9US
Bank
-
Legal Advisor
-
initium (design build contract) 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 4 charges/mortgages relating to initium (design build contract) limited. Currently there are 0 open charges and 4 have been satisfied in the past.
initium (design build contract) limited 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.
Click to start generating capital raising & share issue transactions for INITIUM (DESIGN BUILD CONTRACT) LIMITED. This can take several minutes, an email will notify you when this has completed.
initium (design build contract) limited Companies House Filings - See Documents
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