iq verify ltd
iq verify ltd Company Information
Company Number
08406551
Next Accounts
16 days late
Shareholders
iq verify holdings ltd
Group Structure
View All
Industry
Security systems service activities
Registered Address
warehouse w 3 western gateway, royal victoria docks, london, E16 1BD
iq verify ltd Estimated Valuation
Pomanda estimates the enterprise value of IQ VERIFY LTD at £24.2k based on a Turnover of £49.2k and 0.49x industry multiple (adjusted for size and gross margin).
iq verify ltd Estimated Valuation
Pomanda estimates the enterprise value of IQ VERIFY LTD at £0 based on an EBITDA of £-63.1k and a 4.08x industry multiple (adjusted for size and gross margin).
iq verify ltd Estimated Valuation
Pomanda estimates the enterprise value of IQ VERIFY LTD at £0 based on Net Assets of £-469.7k and 2.17x industry multiple (adjusted for liquidity).
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Iq Verify Ltd Overview
Iq Verify Ltd is a live company located in london, E16 1BD with a Companies House number of 08406551. It operates in the security systems service activities sector, SIC Code 80200. Founded in February 2013, it's largest shareholder is iq verify holdings ltd with a 100% stake. Iq Verify Ltd is a established, micro sized company, Pomanda has estimated its turnover at £49.2k with declining growth in recent years.
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Iq Verify Ltd Health Check
Pomanda's financial health check has awarded Iq Verify Ltd a 1.5 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
2 Regular
6 Weak
Size
annual sales of £49.2k, make it smaller than the average company (£1.8m)
- Iq Verify Ltd
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (5.9%)
- Iq Verify Ltd
5.9% - Industry AVG
Production
with a gross margin of 36.7%, this company has a comparable cost of product (36.7%)
- Iq Verify Ltd
36.7% - Industry AVG
Profitability
an operating margin of -135.8% make it less profitable than the average company (6.5%)
- Iq Verify Ltd
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (24)
1 - Iq Verify Ltd
24 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- Iq Verify Ltd
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £49.2k, this is less efficient (£96.5k)
- Iq Verify Ltd
£96.5k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (63 days)
- Iq Verify Ltd
63 days - Industry AVG
Creditor Days
its suppliers are paid after 156 days, this is slower than average (44 days)
- Iq Verify Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Iq Verify Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Iq Verify Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4959%, this is a higher level of debt than the average (67.9%)
4959% - Iq Verify Ltd
67.9% - Industry AVG
IQ VERIFY LTD financials
Iq Verify Ltd's latest turnover from June 2023 is estimated at £49.2 thousand and the company has net assets of -£469.7 thousand. According to their latest financial statements, Iq Verify Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 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 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||
| Intangible Assets | 7,524 | 11,284 | 15,046 | 18,807 | ||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 7,524 | 11,284 | 15,046 | 18,807 | ||||||
| Stock & work in progress | ||||||||||
| Trade Debtors | 2,142 | 5,824 | 1,838 | 5,247 | 20,055 | 17,340 | 840 | 1,140 | 5,794 | |
| Group Debtors | ||||||||||
| Misc Debtors | 477 | 2,027 | 2,866 | 23,179 | 1,883 | 11,026 | 8,402 | |||
| Cash | 2 | 1,504 | 18,468 | 89 | 1,848 | 15,495 | 8,086 | |||
| misc current assets | ||||||||||
| total current assets | 2,142 | 6,303 | 5,369 | 26,581 | 43,323 | 21,071 | 27,361 | 17,628 | 5,794 | |
| total assets | 9,666 | 17,587 | 20,415 | 45,388 | 43,323 | 21,071 | 27,361 | 17,628 | 5,794 | |
| Bank overdraft | 3,819 | 3,409 | 3,409 | 3,409 | ||||||
| Bank loan | ||||||||||
| Trade Creditors | 13,391 | 31,563 | 21,190 | 18,143 | 12,975 | 13,965 | 41,354 | 2,505 | 3,849 | |
| Group/Directors Accounts | 47,001 | 31,365 | 5,509 | |||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 207,330 | 78,497 | 25,024 | 15,936 | 3,436 | 2,000 | 2,000 | 2,000 | ||
| total current liabilities | 224,540 | 160,470 | 80,988 | 42,997 | 16,411 | 15,965 | 43,354 | 4,505 | 3,849 | |
| loans | 7,302 | 11,123 | 14,522 | 14,522 | 206,246 | 611,489 | 430,937 | 294,989 | ||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 247,495 | 247,495 | 247,495 | 235,635 | 123,259 | |||||
| provisions | ||||||||||
| total long term liabilities | 254,797 | 258,618 | 262,017 | 250,157 | 206,246 | 611,489 | 430,937 | 294,989 | 123,259 | |
| total liabilities | 479,337 | 419,088 | 343,005 | 293,154 | 222,657 | 627,454 | 474,291 | 299,494 | 127,108 | |
| net assets | -469,671 | -401,501 | -322,590 | -247,766 | -179,334 | -606,383 | -446,930 | -281,866 | -121,314 | |
| total shareholders funds | -469,671 | -401,501 | -322,590 | -247,766 | -179,334 | -606,383 | -446,930 | -281,866 | -121,314 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | ||||||||||
| Amortisation | 3,761 | 3,762 | 3,761 | |||||||
| Tax | ||||||||||
| Stock | ||||||||||
| Debtors | -4,159 | 2,436 | -4,248 | -35,121 | 43,234 | 7,357 | 2,324 | 3,748 | 5,794 | |
| Creditors | -18,172 | 10,373 | 3,047 | 5,168 | 12,975 | -27,389 | 38,849 | -1,344 | 3,849 | |
| Accruals and Deferred Income | 128,833 | 53,473 | 9,088 | 12,500 | 3,436 | 2,000 | ||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -47,001 | 15,636 | 25,856 | 5,509 | ||||||
| Other Short Term Loans | ||||||||||
| Long term loans | -3,821 | -3,399 | -191,724 | 206,246 | 180,552 | 135,948 | 294,989 | |||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | 11,860 | 235,635 | -123,259 | 123,259 | ||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -2 | -1,502 | -16,964 | 18,379 | 89 | -13,647 | 7,409 | 8,086 | ||
| overdraft | 410 | 3,409 | ||||||||
| change in cash | -412 | -1,502 | -16,964 | 14,970 | 89 | -13,647 | 7,409 | 8,086 |
iq verify ltd Credit Report and Business Information
Iq Verify Ltd Competitor Analysis
Perform a competitor analysis for iq verify ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in E16 area or any other competitors across 12 key performance metrics.
iq verify ltd Ownership
IQ VERIFY LTD group structure
Iq Verify Ltd has no subsidiary companies.
Ultimate parent company
IQ VERIFY LTD
08406551
iq verify ltd directors
Iq Verify Ltd currently has 2 directors. The longest serving directors include Mr Raymond Clarke (Feb 2013) and Mr Martyn Webster (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Raymond Clarke | England | 64 years | Feb 2013 | - | Director |
| Mr Martyn Webster | 65 years | Aug 2021 | - | Director |
P&L
June 2023turnover
49.2k
-64%
operating profit
-66.9k
0%
gross margin
36.8%
+1.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-469.7k
+0.17%
total assets
9.7k
-0.45%
cash
0
-1%
net assets
Total assets minus all liabilities
iq verify ltd company details
company number
08406551
Type
Private limited with Share Capital
industry
80200 - Security systems service activities
incorporation date
February 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
warehouse w 3 western gateway, royal victoria docks, london, E16 1BD
Bank
-
Legal Advisor
-
iq verify ltd 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 iq verify ltd.
iq verify ltd 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 IQ VERIFY LTD. This can take several minutes, an email will notify you when this has completed.
iq verify ltd Companies House Filings - See Documents
| date | description | view/download |
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