cinesite vfx limited
cinesite vfx limited Company Information
Company Number
08492749
Next Accounts
4 days late
Shareholders
comino media ltd
Group Structure
View All
Industry
Motion picture, video and television programme post-production activities
Registered Address
10 little portland street, london, W1W 7JG
Website
www.cinesite.co.ukcinesite vfx limited Estimated Valuation
Pomanda estimates the enterprise value of CINESITE VFX LIMITED at £13.3m based on a Turnover of £24.4m and 0.55x industry multiple (adjusted for size and gross margin).
cinesite vfx limited Estimated Valuation
Pomanda estimates the enterprise value of CINESITE VFX LIMITED at £4.1m based on an EBITDA of £1.4m and a 2.93x industry multiple (adjusted for size and gross margin).
cinesite vfx limited Estimated Valuation
Pomanda estimates the enterprise value of CINESITE VFX LIMITED at £7.6m based on Net Assets of £5.6m and 1.37x industry multiple (adjusted for liquidity).
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Cinesite Vfx Limited Overview
Cinesite Vfx Limited is a live company located in london, W1W 7JG with a Companies House number of 08492749. It operates in the motion picture, video and television programme post-production activities sector, SIC Code 59120. Founded in April 2013, it's largest shareholder is comino media ltd with a 100% stake. Cinesite Vfx Limited is a established, large sized company, Pomanda has estimated its turnover at £24.4m with high growth in recent years.
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Cinesite Vfx Limited Health Check
Pomanda's financial health check has awarded Cinesite Vfx Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £24.4m, make it larger than the average company (£3.6m)
£24.4m - Cinesite Vfx Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (10.6%)
24% - Cinesite Vfx Limited
10.6% - Industry AVG
Production
with a gross margin of 32.3%, this company has a higher cost of product (41%)
32.3% - Cinesite Vfx Limited
41% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (7.4%)
2.6% - Cinesite Vfx Limited
7.4% - Industry AVG
Employees
with 277 employees, this is above the industry average (64)
277 - Cinesite Vfx Limited
64 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has a higher pay structure (£48.5k)
£60.6k - Cinesite Vfx Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £88k, this is equally as efficient (£95.7k)
£88k - Cinesite Vfx Limited
£95.7k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (49 days)
19 days - Cinesite Vfx Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (29 days)
42 days - Cinesite Vfx Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cinesite Vfx Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (20 weeks)
1 weeks - Cinesite Vfx Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.3%, this is a similar level of debt than the average (86.5%)
92.3% - Cinesite Vfx Limited
86.5% - Industry AVG
CINESITE VFX LIMITED financials
Cinesite Vfx Limited's latest turnover from April 2023 is £24.4 million and the company has net assets of £5.6 million. According to their latest financial statements, Cinesite Vfx Limited has 277 employees and maintains cash reserves of £206.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,380,816 | 19,691,717 | 12,866,196 | 12,850,489 | 8,414,119 | 13,152,154 | 6,965,250 | 8,280,452 | 8,940,215 | 8,215,878 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 16,509,303 | 12,354,028 | 7,028,570 | 7,364,893 | 7,051,982 | 8,001,631 | 3,480,366 | 5,849,474 | ||
| Gross Profit | 7,871,513 | 7,337,689 | 5,837,626 | 5,485,596 | 1,362,137 | 5,150,523 | 3,484,884 | 2,430,978 | ||
| Admin Expenses | 7,230,385 | 5,773,711 | 4,657,913 | 4,480,771 | 2,010,995 | 3,962,597 | 2,926,518 | 5,488,018 | ||
| Operating Profit | 641,128 | 1,563,978 | 1,179,713 | 1,004,825 | -648,858 | 1,187,926 | 558,366 | -3,057,040 | 275,150 | 290,659 |
| Interest Payable | 3,586,081 | 1,415,766 | 1,268,193 | 1,763,859 | 2,009,040 | 684,758 | 239,087 | 504,993 | 285,686 | 236,212 |
| Interest Receivable | 3,992,812 | 1,235,528 | 1,191,516 | 1,514,485 | 1,738,798 | 324,459 | 133,129 | 120,775 | 5,823 | 0 |
| Pre-Tax Profit | 1,047,859 | 1,383,740 | 1,103,036 | 755,451 | -919,100 | 827,627 | 452,408 | -3,441,258 | 306,049 | 54,447 |
| Tax | -454,321 | 534,703 | -358,761 | -15,461 | 99,460 | -159,976 | -148,586 | 615,090 | 234,694 | 11,130 |
| Profit After Tax | 593,538 | 1,918,443 | 744,275 | 739,990 | -819,640 | 667,651 | 303,822 | -2,826,168 | 540,743 | 65,577 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 593,538 | 1,918,443 | 744,275 | 739,990 | -819,640 | 667,651 | 303,822 | -2,826,168 | 540,743 | 65,577 |
| Employee Costs | 16,788,989 | 10,762,604 | 7,810,090 | 7,914,210 | 7,364,085 | 8,908,579 | 4,198,356 | 6,093,768 | 6,297,471 | 6,086,002 |
| Number Of Employees | 277 | 203 | 159 | 149 | 141 | 169 | 93 | 146 | 127 | 108 |
| EBITDA* | 1,395,944 | 2,275,999 | 1,807,145 | 1,772,730 | 157,616 | 2,050,023 | 1,120,641 | -2,112,060 | 845,225 | 814,150 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,532,003 | 1,315,661 | 1,137,089 | 807,635 | 1,203,277 | 1,509,447 | 1,155,963 | 1,317,099 | 1,098,595 | 783,218 |
| Intangible Assets | 1,209,917 | 825,692 | 696,413 | 724,442 | 594,498 | 789,029 | 1,000,747 | 1,092,125 | 1,020,119 | 771,373 |
| Investments & Other | 0 | 0 | 0 | 0 | 362,227 | 208,808 | 320,723 | 351,279 | 245,824 | 0 |
| Debtors (Due After 1 year) | 57,938,497 | 30,031,646 | 29,500,000 | 29,500,000 | 23,000,000 | 23,000,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 60,680,417 | 32,172,999 | 31,333,502 | 31,032,077 | 25,160,002 | 25,507,284 | 2,477,433 | 2,760,503 | 2,364,538 | 1,554,591 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,316,012 | 82,180 | 603,697 | 87,887 | 263,365 | 205,208 | 543,338 | 530,202 | 1,421,246 | 12,100 |
| Group Debtors | 7,839,816 | 4,244,418 | 2,989,484 | 2,443,837 | 301,920 | 0 | 613,572 | 1,444,037 | 2,077,726 | 1,749,338 |
| Misc Debtors | 1,948,457 | 1,128,585 | 1,790,223 | 1,849,958 | 931,696 | 1,458,303 | 1,621,037 | 1,312,175 | 1,110,854 | 966,876 |
| Cash | 206,328 | 2,581,985 | 3,087,952 | 1,049,685 | 1,185,524 | 3,767,825 | 1,511,055 | 440,239 | 1,386,261 | 1,473,402 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,310,613 | 8,037,168 | 8,471,356 | 5,431,367 | 2,682,505 | 5,431,336 | 4,289,002 | 3,726,653 | 5,996,087 | 4,201,716 |
| total assets | 71,991,030 | 40,210,167 | 39,804,858 | 36,463,444 | 27,842,507 | 30,938,620 | 6,766,435 | 6,487,156 | 8,360,625 | 5,756,307 |
| Bank overdraft | 3,939,172 | 1,125,000 | 3,247,431 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 388,813 | 355,250 | 254,563 | 0 |
| Trade Creditors | 1,902,979 | 1,210,064 | 300,084 | 470,139 | 598,523 | 416,343 | 220,068 | 320,812 | 292,550 | 215,000 |
| Group/Directors Accounts | 39,414 | 59,703 | 416,179 | 0 | 29,057 | 2,135,747 | 0 | 7,515 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 374,730 | 272,355 | 162,633 | 0 | 0 | 0 | 702,499 | 625,396 | 354,973 | 0 |
| other current liabilities | 3,243,753 | 1,877,564 | 1,407,120 | 2,179,792 | 1,200,143 | 1,945,303 | 1,131,812 | 1,266,094 | 2,586,736 | 1,745,150 |
| total current liabilities | 9,500,048 | 4,544,686 | 5,533,447 | 2,899,931 | 1,827,723 | 4,497,393 | 2,443,192 | 2,575,067 | 3,488,822 | 1,960,150 |
| loans | 55,187,948 | 29,400,000 | 29,562,500 | 30,750,000 | 24,000,000 | 24,000,000 | 1,352,795 | 1,741,607 | 2,096,857 | 2,164,420 |
| hp & lease commitments | 338,574 | 323,415 | 284,609 | 0 | 0 | 0 | 176,458 | 762,399 | 790,695 | 0 |
| Accruals and Deferred Income | 1,153,678 | 724,822 | 1,318,450 | 451,936 | 393,197 | 0 | 1,021,130 | 0 | 0 | 0 |
| other liabilities | 254,620 | 254,620 | 61,671 | 61,671 | 61,671 | 61,671 | 60,955 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,159 |
| total long term liabilities | 56,934,820 | 30,702,857 | 31,227,230 | 31,263,607 | 24,454,868 | 24,061,671 | 2,611,338 | 2,504,006 | 2,887,552 | 2,230,579 |
| total liabilities | 66,434,868 | 35,247,543 | 36,760,677 | 34,163,538 | 26,282,591 | 28,559,064 | 5,054,530 | 5,079,073 | 6,376,374 | 4,190,729 |
| net assets | 5,556,162 | 4,962,624 | 3,044,181 | 2,299,906 | 1,559,916 | 2,379,556 | 1,711,905 | 1,408,083 | 1,984,251 | 1,565,578 |
| total shareholders funds | 5,556,162 | 4,962,624 | 3,044,181 | 2,299,906 | 1,559,916 | 2,379,556 | 1,711,905 | 1,408,083 | 1,984,251 | 1,565,578 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 641,128 | 1,563,978 | 1,179,713 | 1,004,825 | -648,858 | 1,187,926 | 558,366 | -3,057,040 | 275,150 | 290,659 |
| Depreciation | 431,784 | 441,292 | 317,573 | 495,469 | 494,943 | 400,923 | 369,431 | 752,137 | 377,232 | 330,648 |
| Amortisation | 323,032 | 270,729 | 309,859 | 272,436 | 311,531 | 461,174 | 192,844 | 192,843 | 192,843 | 192,843 |
| Tax | -454,321 | 534,703 | -358,761 | -15,461 | 99,460 | -159,976 | -148,586 | 615,090 | 234,694 | 11,130 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 33,555,953 | 603,425 | 1,001,722 | 9,384,701 | -166,530 | 21,885,564 | -508,467 | -1,323,412 | 1,881,512 | 2,728,314 |
| Creditors | 692,915 | 909,980 | -170,055 | -128,384 | 182,180 | 196,275 | -100,744 | 28,262 | 77,550 | 215,000 |
| Accruals and Deferred Income | 1,795,045 | -123,184 | 93,842 | 1,038,388 | -351,963 | -207,639 | 886,848 | -1,320,642 | 841,586 | 1,745,150 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66,159 | 66,159 |
| Cash flow from operations | -30,126,370 | 2,994,073 | 370,449 | -6,717,428 | 253,823 | -20,006,881 | 2,266,626 | -1,465,938 | 51,384 | 123,275 |
| Investing Activities | ||||||||||
| capital expenditure | -538,273 | -558,388 | 168,895 | 0 | ||||||
| Change in Investments | 0 | 0 | 0 | -362,227 | 153,419 | -111,915 | -30,556 | 105,455 | 245,824 | 0 |
| cash flow from investments | -507,717 | -663,843 | -76,929 | 0 | ||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -388,813 | 33,563 | 100,687 | 254,563 | 0 |
| Group/Directors Accounts | -20,289 | -356,476 | 416,179 | -29,057 | -2,106,690 | 2,135,747 | -7,515 | 7,515 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 25,787,948 | -162,500 | -1,187,500 | 6,750,000 | 0 | 22,647,205 | -388,812 | -355,250 | -67,563 | 2,164,420 |
| Hire Purchase and Lease Commitments | 117,534 | 148,528 | 447,242 | 0 | 0 | -878,957 | -508,838 | 242,127 | 1,145,668 | 0 |
| other long term liabilities | 0 | 192,949 | 0 | 0 | 0 | 716 | 60,955 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 406,731 | -180,238 | -76,677 | -249,374 | -270,242 | -360,299 | -105,958 | -384,218 | -279,863 | -236,212 |
| cash flow from financing | 26,291,924 | -357,737 | -400,756 | 6,471,569 | -2,376,932 | 23,155,599 | -916,605 | 1,860,861 | 930,735 | 3,428,209 |
| cash and cash equivalents | ||||||||||
| cash | -2,375,657 | -505,967 | 2,038,267 | -135,839 | -2,582,301 | 2,256,770 | 1,070,816 | -946,022 | -87,141 | 1,473,402 |
| overdraft | 2,814,172 | -2,122,431 | 2,997,431 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -5,189,829 | 1,616,464 | -959,164 | -385,839 | -2,582,301 | 2,256,770 | 1,070,816 | -946,022 | -87,141 | 1,473,402 |
cinesite vfx limited Credit Report and Business Information
Cinesite Vfx Limited Competitor Analysis
Perform a competitor analysis for cinesite vfx limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in W1W area or any other competitors across 12 key performance metrics.
cinesite vfx limited Ownership
CINESITE VFX LIMITED group structure
Cinesite Vfx Limited has no subsidiary companies.
Ultimate parent company
2 parents
CINESITE VFX LIMITED
08492749
cinesite vfx limited directors
Cinesite Vfx Limited currently has 2 directors. The longest serving directors include Mr Duncan Rodger (Jun 2013) and Mr Antony Hunt (Jun 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Duncan Rodger | England | 57 years | Jun 2013 | - | Director |
| Mr Antony Hunt | England | 63 years | Jun 2013 | - | Director |
P&L
April 2023turnover
24.4m
+24%
operating profit
641.1k
-59%
gross margin
32.3%
-13.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
5.6m
+0.12%
total assets
72m
+0.79%
cash
206.3k
-0.92%
net assets
Total assets minus all liabilities
cinesite vfx limited company details
company number
08492749
Type
Private limited with Share Capital
industry
59120 - Motion picture, video and television programme post-production activities
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
comino media (uk) limited (April 2013)
accountant
-
auditor
SAFFERY LLP
address
10 little portland street, london, W1W 7JG
Bank
BARCLAYS BANK PLC
Legal Advisor
-
cinesite vfx 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 13 charges/mortgages relating to cinesite vfx limited. Currently there are 3 open charges and 10 have been satisfied in the past.
cinesite vfx limited Capital Raised & Share Issues BETA
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cinesite vfx limited Companies House Filings - See Documents
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