if contracting limited
if contracting limited Company Information
Company Number
08761534
Website
www.ifworkforcegroup.comRegistered Address
c/o b&c associates limited, concorde house, mill hill london, NW7 3SA
Industry
Other business support service activities n.e.c.
Telephone
02031318988
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
if workforce holdings limited 100%
if contracting limited Estimated Valuation
Pomanda estimates the enterprise value of IF CONTRACTING LIMITED at £3.7m based on a Turnover of £5.9m and 0.62x industry multiple (adjusted for size and gross margin).
if contracting limited Estimated Valuation
Pomanda estimates the enterprise value of IF CONTRACTING LIMITED at £10k based on an EBITDA of £2k and a 4.89x industry multiple (adjusted for size and gross margin).
if contracting limited Estimated Valuation
Pomanda estimates the enterprise value of IF CONTRACTING LIMITED at £270.9k based on Net Assets of £119.4k and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
If Contracting Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
If Contracting Limited Overview
If Contracting Limited is a dissolved company that was located in mill hill london, NW7 3SA with a Companies House number of 08761534. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2013, it's largest shareholder was if workforce holdings limited with a 100% stake. The last turnover for If Contracting Limited was estimated at £5.9m.
Upgrade for unlimited company reports & a free credit check
If Contracting Limited Health Check
Pomanda's financial health check has awarded If Contracting Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £5.9m, make it larger than the average company (£2.9m)
- If Contracting Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (4.4%)
- If Contracting Limited
4.4% - Industry AVG
Production
with a gross margin of 37.5%, this company has a comparable cost of product (37.5%)
- If Contracting Limited
37.5% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (5.4%)
- If Contracting Limited
5.4% - Industry AVG
Employees
with 10 employees, this is below the industry average (23)
10 - If Contracting Limited
23 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£45.6k)
- If Contracting Limited
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £589.6k, this is more efficient (£148.6k)
- If Contracting Limited
£148.6k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (44 days)
- If Contracting Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 184 days, this is slower than average (33 days)
- If Contracting Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 47 days, this is more than average (28 days)
- If Contracting Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is average cash available to meet short term requirements (20 weeks)
22 weeks - If Contracting Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.8%, this is a higher level of debt than the average (66.7%)
95.8% - If Contracting Limited
66.7% - Industry AVG
if contracting limited Credit Report and Business Information
If Contracting Limited Competitor Analysis
Perform a competitor analysis for if contracting limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
if contracting limited Ownership
IF CONTRACTING LIMITED group structure
If Contracting Limited has no subsidiary companies.
Ultimate parent company
IF WORKFORCE HOLDINGS LIMITED
IE598037
1 parent
IF CONTRACTING LIMITED
08761534
if contracting limited directors
If Contracting Limited currently has 3 directors. The longest serving directors include Mr Marc Gomez Cruz (Jul 2020) and Mr Marc Gomez Cruz (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marc Gomez Cruz | England | 39 years | Jul 2020 | - | Director |
| Mr Marc Gomez Cruz | England | 39 years | Jul 2020 | - | Director |
| Mr Alexander Thomas | England | 37 years | Jul 2020 | - | Director |
IF CONTRACTING LIMITED financials
If Contracting Limited's latest turnover from December 2019 is estimated at £5.9 million and the company has net assets of £119.4 thousand. According to their latest financial statements, If Contracting Limited has 10 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|
| 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 | 10 | 10 | 10 | 7 | 8 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 3,728 | 2,875 | 2,922 | 2,971 | 1,858 | 499 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 110,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,728 | 2,875 | 112,922 | 2,971 | 1,858 | 499 |
| Stock & work in progress | 475,000 | 475,000 | 475,000 | 320,000 | 0 | 0 |
| Trade Debtors | 587,289 | 542,807 | 335,383 | 316,231 | 397,900 | 153,026 |
| Group Debtors | 230,408 | 303,240 | 873 | 1,671 | 0 | 0 |
| Misc Debtors | 427,494 | 461,477 | 466,437 | 589,517 | 25,005 | 0 |
| Cash | 1,131,394 | 768,046 | 1,103,013 | 723,915 | 209,139 | 46,139 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,851,585 | 2,550,570 | 2,380,706 | 1,951,334 | 632,044 | 199,165 |
| total assets | 2,855,313 | 2,553,445 | 2,493,628 | 1,954,305 | 633,902 | 199,664 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,867,015 | 1,503,169 | 1,542,462 | 1,105,248 | 465,410 | 255,732 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 79,693 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 753,373 | 936,970 | 753,362 | 842,427 | 253,800 | 0 |
| total current liabilities | 2,620,388 | 2,440,139 | 2,295,824 | 1,947,675 | 798,903 | 255,732 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 115,500 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 115,500 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,735,888 | 2,440,139 | 2,295,824 | 1,947,675 | 798,903 | 255,732 |
| net assets | 119,425 | 113,306 | 197,804 | 6,630 | -165,001 | -56,068 |
| total shareholders funds | 119,425 | 113,306 | 197,804 | 6,630 | -165,001 | -56,068 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,603 | 1,498 | 1,332 | 1,049 | 674 | 166 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 155,000 | 320,000 | 0 | 0 |
| Debtors | -62,333 | 504,831 | -104,726 | 484,514 | 269,879 | 153,026 |
| Creditors | 363,846 | -39,293 | 437,214 | 639,838 | 209,678 | 255,732 |
| Accruals and Deferred Income | -68,097 | 183,608 | -89,065 | 588,627 | 253,800 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | -110,000 | 110,000 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -79,693 | 79,693 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 363,348 | -334,967 | 379,098 | 514,776 | 163,000 | 46,139 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 363,348 | -334,967 | 379,098 | 514,776 | 163,000 | 46,139 |
P&L
December 2019turnover
5.9m
+17%
operating profit
431.4
0%
gross margin
37.5%
+0.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
119.4k
+0.05%
total assets
2.9m
+0.12%
cash
1.1m
+0.47%
net assets
Total assets minus all liabilities
if contracting limited company details
company number
08761534
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o b&c associates limited, concorde house, mill hill london, NW7 3SA
last accounts submitted
December 2019
if contracting 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 if contracting limited.
if contracting limited Companies House Filings - See Documents
| date | description | view/download |
|---|
