citeab limited

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citeab limited Company Information

Share CITEAB LIMITED

Company Number

08530854

Directors

David Kelly

Adam Pope

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Shareholders

andrew chalmers

university of bath

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Group Structure

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Industry

Management consultancy activities (other than financial management)

 

Registered Address

14 new bond street, bath, BA1 1BE

citeab limited Estimated Valuation

£592.7k

Pomanda estimates the enterprise value of CITEAB LIMITED at £592.7k based on a Turnover of £1.2m and 0.49x industry multiple (adjusted for size and gross margin).

citeab limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CITEAB LIMITED at £0 based on an EBITDA of £-408.6k and a 4.21x industry multiple (adjusted for size and gross margin).

citeab limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of CITEAB LIMITED at £1.1m based on Net Assets of £416.7k and 2.61x industry multiple (adjusted for liquidity).

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Citeab Limited Overview

Citeab Limited is a live company located in bath, BA1 1BE with a Companies House number of 08530854. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in May 2013, it's largest shareholder is andrew chalmers with a 33.3% stake. Citeab Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.

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Citeab Limited Health Check

Pomanda's financial health check has awarded Citeab Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £1.2m, make it larger than the average company (£850.8k)

£1.2m - Citeab Limited

£850.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (8.5%)

21% - Citeab Limited

8.5% - Industry AVG

production

Production

with a gross margin of 58.7%, this company has a comparable cost of product (58.7%)

58.7% - Citeab Limited

58.7% - Industry AVG

profitability

Profitability

an operating margin of -34.1% make it less profitable than the average company (7.3%)

-34.1% - Citeab Limited

7.3% - Industry AVG

employees

Employees

with 14 employees, this is above the industry average (8)

14 - Citeab Limited

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.1k, the company has an equivalent pay structure (£57.1k)

£57.1k - Citeab Limited

£57.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £86.6k, this is less efficient (£132.6k)

£86.6k - Citeab Limited

£132.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 68 days, this is near the average (63 days)

68 days - Citeab Limited

63 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (25 days)

2 days - Citeab Limited

25 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Citeab Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 79 weeks, this is more cash available to meet short term requirements (24 weeks)

79 weeks - Citeab Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44%, this is a lower level of debt than the average (55.9%)

44% - Citeab Limited

55.9% - Industry AVG

CITEAB LIMITED financials

EXPORTms excel logo

Citeab Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £416.7 thousand. According to their latest financial statements, Citeab Limited has 14 employees and maintains cash reserves of £496.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Turnover1,213,0071,069,562679,218677,428630,718592,085400,490242,921409,60613,318
Other Income Or Grants
Cost Of Sales500,754447,015281,190267,026247,579212,571146,24591,331163,1215,357
Gross Profit712,253622,547398,028410,402383,139379,514254,245151,590246,4867,961
Admin Expenses1,126,347531,825117,335281,589261,747322,265146,80981,524163,65341,734
Operating Profit-414,09490,722280,693128,813121,39257,249107,43670,06682,833-33,773
Interest Payable
Interest Receivable30,54724,3681,4923861,8261,37668815111239
Pre-Tax Profit-383,547115,090282,185129,199123,21958,625108,12370,21882,945-33,734
Tax-21,867-53,615-24,548-23,412-11,139-20,543-14,043-16,589
Profit After Tax-383,54793,223228,570104,65199,80747,48687,58056,17466,356-33,734
Dividends Paid
Retained Profit-383,54793,223228,570104,65199,80747,48687,58056,17466,356-33,734
Employee Costs799,218714,808487,082355,492426,786279,917261,095112,630169,39158,159
Number Of Employees141397855231
EBITDA*-408,62197,108284,429131,838124,56459,403110,30871,41882,872-33,773

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Tangible Assets16,42119,16111,2069,0709,5146,4638,6174,055116
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets16,42119,16111,2069,0709,5146,4638,6174,055116
Stock & work in progress
Trade Debtors226,810210,564130,892154,05679,142105,39452,28650,92063,3162,313
Group Debtors
Misc Debtors5,1037272722,8757272
Cash496,282667,415725,070468,571303,608183,413183,44691,63629,19415,478
misc current assets
total current assets728,195877,979855,962622,699382,822288,879238,607142,62892,58217,791
total assets744,616897,140867,168631,769392,336295,342247,224146,68392,69817,791
Bank overdraft
Bank loan
Trade Creditors 3,3503,3594,6121,27411,397
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities321,45289,900155,538152,04718,53921,35220,7207,7589,948
total current liabilities324,80293,259160,150153,32118,53921,35220,7207,7599,9481,397
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions3,1203,640
total long term liabilities3,1203,640
total liabilities327,92296,899160,150153,32118,53921,35220,7207,7599,9481,397
net assets416,694800,241707,018478,448373,797273,990226,504138,92482,75016,394
total shareholders funds416,694800,241707,018478,448373,797273,990226,504138,92482,75016,394
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Operating Activities
Operating Profit-414,09490,722280,693128,813121,39257,249107,43670,06682,833-33,773
Depreciation5,4736,3863,7363,0253,1722,1542,8721,35239
Amortisation
Tax-21,867-53,615-24,548-23,412-11,139-20,543-14,043-16,589
Stock
Debtors21,34979,672-23,23674,914-26,25250,3054,169-12,39661,0752,313
Creditors-9-1,2533,3381,274-11-1,3971,397
Accruals and Deferred Income231,552-65,6383,491133,508-2,81363212,962-2,1909,948
Deferred Taxes & Provisions-5203,640
Cash flow from operations-198,947-67,682260,879167,158124,591-1,40998,55767,58213,759-34,689
Investing Activities
capital expenditure-2,733-14,341-5,872-2,581-6,223-7,434-5,291-155
Change in Investments
cash flow from investments-2,733-14,341-5,872-2,581-6,223-7,434-5,291-155
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue50,128
interest30,54724,3681,4923861,8261,37668815111239
cash flow from financing30,54724,3681,4923861,8261,37668815111250,167
cash and cash equivalents
cash-171,133-57,655256,499164,963120,195-3391,81062,44213,71615,478
overdraft
change in cash-171,133-57,655256,499164,963120,195-3391,81062,44213,71615,478

citeab limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Citeab Limited Competitor Analysis

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Perform a competitor analysis for citeab limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in BA1 area or any other competitors across 12 key performance metrics.

citeab limited Ownership

CITEAB LIMITED group structure

Citeab Limited has no subsidiary companies.

Ultimate parent company

CITEAB LIMITED

08530854

CITEAB LIMITED Shareholders

andrew chalmers 33.33%
university of bath 33.33%
adam david pope 16.67%
david huw kelly 16.67%

citeab limited directors

Citeab Limited currently has 4 directors. The longest serving directors include Mr David Kelly (Jan 2014) and Mr Adam Pope (Jan 2014).

officercountryagestartendrole
Mr David Kelly37 years Jan 2014- Director
Mr Adam PopeUnited Kingdom38 years Jan 2014- Director
Dr Andrew Chalmers52 years Jan 2014- Director
Mr Mark FarmerUnited Kingdom63 years Jan 2014- Director

P&L

December 2023

turnover

1.2m

+13%

operating profit

-414.1k

0%

gross margin

58.8%

+0.88%

turnover

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

Balance Sheet

December 2023

net assets

416.7k

-0.48%

total assets

744.6k

-0.17%

cash

496.3k

-0.26%

net assets

Total assets minus all liabilities

citeab limited company details

company number

08530854

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

May 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

TC GROUP

auditor

-

address

14 new bond street, bath, BA1 1BE

Bank

-

Legal Advisor

-

citeab 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 did not find charges/mortgages relating to citeab limited.

citeab limited Capital Raised & Share Issues BETA

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citeab limited Companies House Filings - See Documents

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