Vir2ue Communications Ltd

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vir2ue communications ltd Company Information

Company Number

08763268

Next Accounts

Aug 2025

Directors

Ian Rudder

James Jeffs

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Shareholders

ian stewart rudder

lisa june lawrence

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Group Structure

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Industry

Other telecommunications activities

Registered Address

12 gateway mews, bounds green, london, N11 2UT

Website

www.vir2ue.com

vir2ue communications ltd Estimated Valuation

£558k

Pomanda estimates the enterprise value of VIR2UE COMMUNICATIONS LTD at £558k based on an EBITDA of £163.7k and a 3.41x industry multiple (adjusted for size and gross margin).

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Vir2ue Communications Ltd is a live company located in london, N11 2UT with a Companies House number of 08763268. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in November 2013, it's largest shareholder is ian stewart rudder with a 31% stake. Vir2ue Communications Ltd is a established, small sized company, Pomanda has estimated its turnover at £690.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Vir2Ue Communications Ltd a 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

Health Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £690.3k, make it smaller than the average company (£12.1m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.4%)

EXPORT

Vir2Ue Communications Ltd's latest turnover from November 2023 is estimated at £690.3 thousand and the company has net assets of £155.3 thousand. According to their latest financial statements, Vir2Ue Communications Ltd has 7 employees and maintains cash reserves of £78.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014
Turnover	690,259	902,319	857,048	774,212	863,656	450,485	560,524	147,937	225,285	191,390
Other Income Or Grants
Cost Of Sales	418,704	554,452	549,602	464,204	522,983	280,162	344,743	87,825	139,475	118,933
Gross Profit	271,555	347,867	307,446	310,009	340,673	170,322	215,782	60,112	85,811	72,457
Admin Expenses	160,253	335,724	303,116	267,852	338,839	169,681	211,143	46,326	97,116	57,554
Operating Profit	111,302	12,143	4,330	42,157	1,834	641	4,639	13,786	-11,305	14,903
Interest Payable							51	49
Interest Receivable	4,284	2,198	76	79	405	364	198	69	120	36
Pre-Tax Profit	115,585	14,341	4,406	42,236	2,238	1,005	4,786	13,806	-11,185	14,939
Tax	-28,896	-2,725	-837	-8,025	-425	-191	-909	-2,761		-3,137
Profit After Tax	86,689	11,616	3,569	34,211	1,813	814	3,877	11,045	-11,185	11,802
Dividends Paid
Retained Profit	86,689	11,616	3,569	34,211	1,813	814	3,877	11,045	-11,185	11,802
Employee Costs	434,561	483,632	383,089	276,663	397,160	225,188	212,503	51,054	51,223	51,683
Number Of Employees	7	8	7	5	7	4	4	1	1	1
EBITDA*	163,739	35,027	29,587	62,589	21,626	20,485	13,431	16,283	-10,220	16,257

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014
Tangible Assets	113,136	24,472	31,593	17,119	15,200	15,355	7,970	7,487	3,254	4,061
Intangible Assets	52,765	67,490	82,215	96,940	111,665	126,390	141,115
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	165,901	91,962	113,808	114,059	126,865	141,745	149,085	7,487	3,254	4,061
Stock & work in progress
Trade Debtors	26,527	62,130	77,966	94,277	80,652	31,205	65,339	21,303	25,970	26,387
Group Debtors
Misc Debtors	90,989	60,710	44,093	42,188	13,556	91,197	4,389	5,194
Cash	78,386	84,802	61,729	90,381	68,000	39,876	57,301	22,019	33,563	14,441
misc current assets
total current assets	195,902	207,642	183,788	226,846	162,208	162,278	127,029	48,516	59,533	40,828
total assets	361,803	299,604	297,596	340,905	289,073	304,023	276,114	56,003	62,787	44,889
Bank overdraft								1,563
Bank loan
Trade Creditors	73,058	65,294	57,883	59,927	78,587	46,170	57,786	17,016	53,445	32,087
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	40,506	62,127	45,512	77,601	54,641	96,609	77,119	24,762
total current liabilities	113,564	127,421	103,395	137,528	133,228	142,779	134,905	43,341	53,445	32,087
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	92,988	103,621	137,255	150,000	136,679	143,891	124,670		7,725
provisions
total long term liabilities	92,988	103,621	137,255	150,000	136,679	143,891	124,670		7,725
total liabilities	206,552	231,042	240,650	287,528	269,907	286,670	259,575	43,341	61,170	32,087
net assets	155,251	68,562	56,946	53,377	19,166	17,353	16,539	12,662	1,617	12,802
total shareholders funds	155,251	68,562	56,946	53,377	19,166	17,353	16,539	12,662	1,617	12,802

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014
Operating Activities
Operating Profit	111,302	12,143	4,330	42,157	1,834	641	4,639	13,786	-11,305	14,903
Depreciation	37,712	8,159	10,532	5,707	5,067	5,119	2,657	2,497	1,085	1,354
Amortisation	14,725	14,725	14,725	14,725	14,725	14,725	6,135
Tax	-28,896	-2,725	-837	-8,025	-425	-191	-909	-2,761		-3,137
Stock
Debtors	-5,324	781	-14,406	42,257	-28,194	52,674	43,231	527	-417	26,387
Creditors	7,764	7,411	-2,044	-18,660	32,417	-11,616	40,770	-36,429	21,358	32,087
Accruals and Deferred Income	-21,621	16,615	-32,089	22,960	-41,968	19,490	52,357	24,762
Deferred Taxes & Provisions
Cash flow from operations	126,310	55,547	9,023	16,607	39,844	-24,506	62,418	1,328	11,555	18,820
Investing Activities
capital expenditure	-126,376	-1,038	-25,006	-7,626	-4,912	-12,504	-150,390	-6,730	-278	-5,415
Change in Investments
cash flow from investments	-126,376	-1,038	-25,006	-7,626	-4,912	-12,504	-150,390	-6,730	-278	-5,415
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-10,633	-33,634	-12,745	13,321	-7,212	19,221	124,670	-7,725	7,725
share issue										1,000
interest	4,284	2,198	76	79	405	364	147	20	120	36
cash flow from financing	-6,349	-31,436	-12,669	13,400	-6,807	19,585	124,817	-7,705	7,845	1,036
cash and cash equivalents
cash	-6,416	23,073	-28,652	22,381	28,124	-17,425	35,282	-11,544	19,122	14,441
overdraft							-1,563	1,563
change in cash	-6,416	23,073	-28,652	22,381	28,124	-17,425	36,845	-13,107	19,122	14,441

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VIR2UE COMMUNICATIONS LTD group structure

Vir2Ue Communications Ltd has no subsidiary companies.

Ultimate parent company

VIR2UE COMMUNICATIONS LTD

08763268

VIR2UE COMMUNICATIONS LTD Shareholders

ian stewart rudder	31%
lisa june lawrence	25%
james william jeffs	22%
nina joanne rudder	12%
tommy harmer	10%

Vir2Ue Communications Ltd currently has 3 directors. The longest serving directors include Mr Ian Rudder (Aug 2016) and Mr James Jeffs (May 2019).

officer	country	age	start	end	role
Mr Ian Rudder		56 years	Aug 2016	-	Director
Mr James Jeffs	United Kingdom	52 years	May 2019	-	Director
Mr Tommy Harmer	United Kingdom	28 years	Mar 2023	-	Director

P&L

November 2023

turnover

690.3k

-24%

operating profit

111.3k

gross margin

39.4%

+2.05%

turnover

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

Balance Sheet

November 2023

net assets

155.3k

+1.26%

total assets

361.8k

+0.21%

cash

78.4k

-0.08%

net assets

Total assets minus all liabilities

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company number

08763268

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

November 2013

ultimate parent company

None

previous names

voice and data network services limited (February 2020)

address

12 gateway mews, bounds green, london, N11 2UT

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 2 charges/mortgages relating to vir2ue communications ltd. Currently there are 0 open charges and 2 have been satisfied in the past.

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.

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vir2ue communications ltd Company Information

vir2ue communications ltd Estimated Valuation

vir2ue communications ltd Estimated Valuation

vir2ue communications ltd Estimated Valuation

Vir2ue Communications Ltd Overview

Vir2ue Communications Ltd Health Check

VIR2UE COMMUNICATIONS LTD financials

vir2ue communications ltd Credit Report and Business Information

Vir2ue Communications Ltd Competitor Analysis

vir2ue communications ltd Ownership

vir2ue communications ltd directors

vir2ue communications ltd company details

vir2ue communications ltd Charges & Mortgages

vir2ue communications ltd Capital Raised & Share Issues BETA

vir2ue communications ltd Companies House Filings - See Documents