sideways 6 ltd

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sideways 6 ltd Company Information

Share SIDEWAYS 6 LTD

Company Number

08859328

Directors

William Read

Simon Dance

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Shareholders

odyssey interact limited

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

21 downham road, london, N1 5AA

sideways 6 ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of SIDEWAYS 6 LTD at £1.2m based on a Turnover of £2m and 0.58x industry multiple (adjusted for size and gross margin).

sideways 6 ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SIDEWAYS 6 LTD at £0 based on an EBITDA of £-190.9k and a 4.2x industry multiple (adjusted for size and gross margin).

sideways 6 ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of SIDEWAYS 6 LTD at £0 based on Net Assets of £-1.1m and 2.3x industry multiple (adjusted for liquidity).

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Sideways 6 Ltd Overview

Sideways 6 Ltd is a live company located in london, N1 5AA with a Companies House number of 08859328. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2014, it's largest shareholder is odyssey interact limited with a 100% stake. Sideways 6 Ltd is a established, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Sideways 6 Ltd Health Check

Pomanda's financial health check has awarded Sideways 6 Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating0.5out of 5
positive_score

0 Strong

positive_score

2 Regular

positive_score

9 Weak

size

Size

annual sales of £2m, make it smaller than the average company (£4.8m)

£2m - Sideways 6 Ltd

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.7%)

-4% - Sideways 6 Ltd

6.7% - Industry AVG

production

Production

with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)

38.2% - Sideways 6 Ltd

38.2% - Industry AVG

profitability

Profitability

an operating margin of -14.4% make it less profitable than the average company (5.7%)

-14.4% - Sideways 6 Ltd

5.7% - Industry AVG

employees

Employees

with 15 employees, this is below the industry average (27)

15 - Sideways 6 Ltd

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Sideways 6 Ltd

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £132.8k, this is less efficient (£171.6k)

£132.8k - Sideways 6 Ltd

£171.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 60 days, this is later than average (42 days)

60 days - Sideways 6 Ltd

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (32 days)

5 days - Sideways 6 Ltd

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sideways 6 Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (22 weeks)

3 weeks - Sideways 6 Ltd

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 214%, this is a higher level of debt than the average (62.6%)

214% - Sideways 6 Ltd

62.6% - Industry AVG

SIDEWAYS 6 LTD financials

EXPORTms excel logo

Sideways 6 Ltd's latest turnover from December 2023 is estimated at £2 million and the company has net assets of -£1.1 million. According to their latest financial statements, Sideways 6 Ltd has 15 employees and maintains cash reserves of £140.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jan 2016Dec 2015Jan 2015
Turnover1,991,6911,808,4662,108,4482,264,4201,508,7531,672,6831,046,601133,09753,734125,1250
Other Income Or Grants00000000000
Cost Of Sales1,231,6981,117,0621,321,7821,426,524944,1091,052,154653,89082,61833,67679,5790
Gross Profit759,993691,404786,666837,896564,644620,529392,71150,47920,05745,5460
Admin Expenses1,046,5481,127,9721,262,2581,030,3791,057,291993,301672,56993,41120,41845,7260
Operating Profit-286,555-436,568-475,592-192,483-492,647-372,772-279,858-42,932-361-1800
Interest Payable4,1694,3521,56300000000
Interest Receivable7,4874,6141,2605662,4622,8161,0061713611800
Pre-Tax Profit-283,238-436,306-475,894-191,917-490,185-369,956-278,852-42,761000
Tax00000000000
Profit After Tax-283,238-436,306-475,894-191,917-490,185-369,956-278,852-42,761000
Dividends Paid00000000000
Retained Profit-283,238-436,306-475,894-191,917-490,185-369,956-278,852-42,761000
Employee Costs809,022718,891976,944974,447781,004664,010377,20741,88238,14183,1050
Number Of Employees15142021171591120
EBITDA*-190,864-428,584-467,769-184,933-486,621-370,827-277,867-42,120882690

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jan 2016Dec 2015Jan 2015
Tangible Assets14,71610,38813,13811,69412,9379,5504,6051,8718998990
Intangible Assets352,2600000000000
Investments & Other00000001,974000
Debtors (Due After 1 year)00000000000
Total Fixed Assets366,97610,38813,13811,69412,9379,5504,6053,8458998990
Stock & work in progress00000000000
Trade Debtors328,332313,972345,395359,474193,279286,898193,54116,1947,1887,1880
Group Debtors016,870000000000
Misc Debtors85,57958,70049,23721,72844,51840,59521,13910,35601000
Cash140,783144,427119,212888,922243,209413,375337,61064,68372,18372,183120
misc current assets000000001,1971,1970
total current assets554,694533,969513,8441,270,124481,006740,868552,29091,23380,56880,668120
total assets921,670544,357526,9821,281,818493,943750,418556,89595,07881,46781,567120
Bank overdraft005,00000000000
Bank loan10,00010,000000000000
Trade Creditors 19,97027,42531,48938,36440,29135,30116,57406,1304,3560
Group/Directors Accounts523,758013,88530,72244,504005,408000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities1,395,8291,288,473808,4721,113,780745,757756,541411,789132,051076,8310
total current liabilities1,949,5571,325,898858,8461,182,866830,552791,842428,363137,4596,13081,1870
loans22,49931,62445,00000000000
hp & lease commitments00000000000
Accruals and Deferred Income0000000074,95700
other liabilities0000195,000000000
provisions00000001801801800
total long term liabilities22,49931,62445,0000195,0000018075,1371800
total liabilities1,972,0561,357,522903,8461,182,8661,025,552791,842428,363137,63981,26781,3670
net assets-1,050,386-813,165-376,86498,952-531,609-41,424128,532-42,561200200120
total shareholders funds-1,050,386-813,165-376,86498,952-531,609-41,424128,532-42,561200200120
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Jan 2016Dec 2015Jan 2015
Operating Activities
Operating Profit-286,555-436,568-475,592-192,483-492,647-372,772-279,858-42,932-361-1800
Depreciation7,6267,9847,8237,5506,0261,9451,9918124494490
Amortisation88,0650000000000
Tax00000000000
Stock00000000000
Debtors24,369-5,09013,430143,405-89,696112,813188,13019,262-1007,2880
Creditors-7,455-4,064-6,875-1,9274,99018,72716,574-4,3561,7744,3560
Accruals and Deferred Income107,356480,001-305,308368,023-10,784344,752279,73855,220-1,87476,8310
Deferred Taxes & Provisions000000-180001800
Cash flow from operations-115,33252,443-793,38237,758-402,719-120,161-169,865-10,5188874,3480
Investing Activities
capital expenditure-452,279-5,234-9,267-6,307-9,413-6,890-4,725-1,784-449-1,3480
Change in Investments000000-1,9741,974000
cash flow from investments-452,279-5,234-9,267-6,307-9,413-6,890-2,751-3,758-449-1,3480
Financing Activities
Bank loans010,000000000000
Group/Directors Accounts523,758-13,885-16,837-13,78244,5040-5,4085,408000
Other Short Term Loans 00000000000
Long term loans-9,125-13,37645,00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities000-195,000195,000000000
share issue46,017578822,4780200,000449,94500200120
interest3,318262-3035662,4622,8161,0061713611800
cash flow from financing563,968-16,99427,938614,262241,966202,816445,5435,579361380120
cash and cash equivalents
cash-3,64425,215-769,710645,713-170,16675,765272,927-7,500072,183120
overdraft0-5,0005,00000000000
change in cash-3,64430,215-774,710645,713-170,16675,765272,927-7,500072,183120

sideways 6 ltd 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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Sideways 6 Ltd Competitor Analysis

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Perform a competitor analysis for sideways 6 ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in N 1 area or any other competitors across 12 key performance metrics.

sideways 6 ltd Ownership

SIDEWAYS 6 LTD group structure

Sideways 6 Ltd has no subsidiary companies.

Ultimate parent company

SIDEWAYS 6 LTD

08859328

SIDEWAYS 6 LTD Shareholders

odyssey interact limited 100%

sideways 6 ltd directors

Sideways 6 Ltd currently has 3 directors. The longest serving directors include Mr William Read (Feb 2014) and Mr Simon Dance (Apr 2023).

officercountryagestartendrole
Mr William ReadUnited Kingdom34 years Feb 2014- Director
Mr Simon DanceEngland44 years Apr 2023- Director
Dr Paul SandersUnited Kingdom60 years Apr 2023- Director

P&L

December 2023

turnover

2m

+10%

operating profit

-286.6k

0%

gross margin

38.2%

-0.19%

turnover

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

Balance Sheet

December 2023

net assets

-1.1m

+0.29%

total assets

921.7k

+0.69%

cash

140.8k

-0.03%

net assets

Total assets minus all liabilities

sideways 6 ltd company details

company number

08859328

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

CHAMPION ACCOUNTANTS LLP

auditor

-

address

21 downham road, london, N1 5AA

Bank

-

Legal Advisor

-

sideways 6 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 sideways 6 ltd.

sideways 6 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.

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sideways 6 ltd Companies House Filings - See Documents

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