Pomanda estimates the enterprise value of VGC DEVELOPMENTS LIMITED at £11.6m based on a Turnover of £11.1m and 1.04x industry multiple (adjusted for size and gross margin).
vgc developments limitedEstimated Valuation
£9.8m
Pomanda estimates the enterprise value of VGC DEVELOPMENTS LIMITED at £9.8m based on an EBITDA of £1.2m and a 7.96x industry multiple (adjusted for size and gross margin).
vgc developments limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VGC DEVELOPMENTS LIMITED at £0 based on Net Assets of £-49m and 1.39x industry multiple (adjusted for liquidity).
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Vgc Developments LimitedOverview
Vgc Developments Limited is a live company located in leeds, LS2 7JL with a Companies House number of 09055492. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2014, it's largest shareholder is
summit partners (ggv) limited
with a 80% stake. Vgc Developments Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£11.1m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Vgc Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
7 Strong
0 Regular
4 Weak
Size
annual sales of £11.1m, make it larger than the average company (£2.5m)
£11.1m - Vgc Developments Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (4.8%)
32% - Vgc Developments Limited
4.8% - Industry AVG
Production
with a gross margin of 62.3%, this company has a lower cost of product (27.2%)
62.3% - Vgc Developments Limited
27.2% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (6.9%)
1.4% - Vgc Developments Limited
6.9% - Industry AVG
Employees
with 143 employees, this is above the industry average (7)
143 - Vgc Developments Limited
7 - Industry AVG
Pay Structure
on an average salary of £23.7k, the company has a lower pay structure (£48.2k)
£23.7k - Vgc Developments Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £77.7k, this is less efficient (£289.8k)
£77.7k - Vgc Developments Limited
£289.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Vgc Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (31 days)
42 days - Vgc Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (156 days)
5 days - Vgc Developments Limited
156 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (11 weeks)
3 weeks - Vgc Developments Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 311.6%, this is a higher level of debt than the average (73.7%)
311.6% - Vgc Developments Limited
73.7% - Industry AVG
VGC DEVELOPMENTS LIMITED financials
EXPORT
Vgc Developments Limited's latest turnover from December 2023 is £11.1 million and the company has net assets of -£49 million. According to their latest financial statements, Vgc Developments Limited has 143 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Sep 2016
May 2015
Turnover
11,115,071
12,646,440
9,484,938
4,867,245
13,181,512
13,948,856
11,609,495
Other Income Or Grants
Cost Of Sales
4,187,117
4,386,924
3,655,820
2,548,466
5,094,148
5,564,425
5,371,674
Gross Profit
6,927,954
8,259,516
5,829,118
2,318,779
8,087,364
8,384,431
6,237,821
Admin Expenses
6,775,361
6,709,545
5,005,074
5,281,447
9,478,885
10,798,741
13,748,998
1,429,243
Operating Profit
152,593
1,549,971
824,044
-2,962,668
-1,391,521
-2,414,310
-7,511,177
-1,429,243
Interest Payable
4,902,116
4,961,351
4,462,928
4,778,837
4,723,040
Interest Receivable
29,849
4,338,961
3,758,221
Pre-Tax Profit
-834,521
-10,215,861
-4,467,327
-5,422,370
-5,096,891
-7,337,128
-12,161,258
-3,832,744
Tax
-9,401
Profit After Tax
-843,922
-10,215,861
-4,467,327
-5,422,370
-5,096,891
-7,337,128
-12,161,258
-3,832,744
Dividends Paid
Retained Profit
-843,922
-10,215,861
-4,467,327
-5,422,370
-5,096,891
-7,337,128
-12,161,258
-3,832,744
Employee Costs
3,386,375
3,324,086
2,967,171
2,832,229
4,193,900
4,441,366
5,220,970
755,529
Number Of Employees
143
145
131
143
194
225
198
4
1
EBITDA*
1,229,039
2,631,066
1,953,813
-1,841,665
-271,651
-1,298,661
-6,524,285
-1,429,243
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Sep 2016
May 2015
Tangible Assets
16,688,178
17,623,208
18,509,953
19,002,436
20,073,445
21,121,962
22,162,265
15,690,316
Intangible Assets
812,027
856,907
901,787
946,667
991,547
1,036,347
1,081,227
1,122,000
Investments & Other
100
Debtors (Due After 1 year)
495,000
495,000
495,000
Total Fixed Assets
17,500,205
18,480,115
19,411,740
19,949,103
21,064,992
22,653,309
23,738,492
17,307,316
100
Stock & work in progress
59,442
47,400
38,858
22,193
49,563
70,813
56,908
Trade Debtors
Group Debtors
100
Misc Debtors
772,174
782,449
766,054
1,150,993
2,503,977
1,806,831
1,237,711
2,697,719
Cash
4,814,585
4,459,051
3,493,428
2,335,061
1,718,386
1,227,434
1,466,814
11,953,202
misc current assets
total current assets
5,646,201
5,288,900
4,298,340
3,508,247
4,271,926
3,105,078
2,761,433
14,650,921
100
total assets
23,146,406
23,769,015
23,710,080
23,457,350
25,336,918
25,758,387
26,499,925
31,958,237
200
Bank overdraft
Bank loan
Trade Creditors
484,992
290,356
881,434
1,290,296
1,073,012
1,367,630
1,024,412
1,383,726
Group/Directors Accounts
39,160,194
41,463,161
100
other short term finances
194,542
283,501
37,351,807
36,886,738
37,434,694
36,469,490
33,574,780
hp & lease commitments
3,819
133,346
218,836
201,823
188,967
other current liabilities
31,290,272
28,823,116
22,203,067
16,930,169
12,492,156
8,322,575
4,035,024
256,828
total current liabilities
71,130,000
70,860,134
60,440,127
55,240,549
51,218,698
46,361,518
38,823,183
1,640,554
100
loans
87,257
336,400
313,200
290,000
31,525,109
hp & lease commitments
3,124
214,690
425,224
Accruals and Deferred Income
other liabilities
994,881
1,052,835
1,110,789
1,168,743
1,221,867
1,279,821
1,339,900
1,410,218
provisions
9,401
505,700
372,874
305,188
1,000,520
600,000
total long term liabilities
1,004,282
1,052,835
1,198,046
1,677,567
1,931,141
2,112,899
3,055,644
33,535,327
total liabilities
72,134,282
71,912,969
61,638,173
56,918,116
53,149,839
48,474,417
41,878,827
35,175,881
100
net assets
-48,987,876
-48,143,954
-37,928,093
-33,460,766
-27,812,921
-22,716,030
-15,378,902
-3,217,644
100
total shareholders funds
-48,987,876
-48,143,954
-37,928,093
-33,460,766
-27,812,921
-22,716,030
-15,378,902
-3,217,644
100
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Sep 2016
May 2015
Operating Activities
Operating Profit
152,593
1,549,971
824,044
-2,962,668
-1,391,521
-2,414,310
-7,511,177
-1,429,243
Depreciation
1,031,566
1,036,215
1,084,889
1,076,123
1,075,070
1,070,769
946,119
Amortisation
44,880
44,880
44,880
44,880
44,800
44,880
40,773
Tax
-9,401
Stock
12,042
8,542
16,665
-27,370
-21,250
13,905
56,908
Debtors
-10,275
16,395
-384,939
-1,352,984
202,146
569,120
-1,460,008
3,192,619
100
Creditors
194,636
-591,078
-408,862
217,284
-294,618
343,218
-359,314
1,383,726
Accruals and Deferred Income
2,467,156
6,620,049
5,272,898
4,438,013
4,169,581
4,287,551
3,778,196
256,828
Deferred Taxes & Provisions
9,401
-505,700
132,826
67,686
-695,332
400,520
600,000
Cash flow from operations
3,889,064
8,635,100
6,680,423
4,326,812
3,490,102
2,053,751
-1,301,783
-2,381,308
-100
Investing Activities
capital expenditure
-30,466
-5,210,887
-18,622,728
Change in Investments
-100
100
cash flow from investments
-30,466
-5,210,887
-18,622,628
-100
Financing Activities
Bank loans
Group/Directors Accounts
-2,302,967
41,463,161
-100
100
Other Short Term Loans
-88,959
-37,068,306
465,069
-547,956
965,204
2,894,710
33,574,780
Long term loans
-87,257
87,257
-336,400
23,200
23,200
-31,235,109
31,525,109
Hire Purchase and Lease Commitments
-3,819
-132,651
-82,366
-197,677
-197,678
614,191
other long term liabilities
-57,954
-57,954
-57,954
-53,124
-57,954
-60,079
-70,318
1,410,218
share issue
-225,475
615,000
100
interest
-4,872,267
-4,961,351
-4,462,928
-4,778,837
-4,723,040
4,338,961
3,758,221
cash flow from financing
-7,322,147
-715,526
-4,101,207
-6,024,158
-3,990,267
6,999,114
6,641,765
33,550,227
200
cash and cash equivalents
cash
355,534
965,623
1,158,367
616,675
490,952
-239,380
-10,486,388
11,953,202
overdraft
change in cash
355,534
965,623
1,158,367
616,675
490,952
-239,380
-10,486,388
11,953,202
vgc developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for vgc developments limited. Get real-time insights into vgc developments limited's credit score, group structure and payment trends.
Perform a competitor analysis for vgc developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in LS2 area or any other competitors across 12 key performance metrics.
vgc developments limited Ownership
VGC DEVELOPMENTS LIMITED group structure
Vgc Developments Limited has 2 subsidiary companies.
The largest shareholders in Vgc Developments Limited include Summit Partners (Ggv) Limited and Florida Casino Management Group Llc.
summit partners (ggv) limited
80%
florida casino management group llc
15%
andrew herd
5%
vgc developments limited directors
Vgc Developments Limited currently has 3 directors.
The longest serving directors include
Mr Andrew Herd (Aug 2017) and
Mr Duncan Batchelor (Mar 2019).
global gaming ventures (developments) limited (February 2018)
accountant
-
auditor
BROWN BUTLER
address
unit 1 victoria gate eastgate, leeds, LS2 7JL
Bank
-
Legal Advisor
-
vgc developments 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 3 charges/mortgages relating to vgc developments limited. Currently there are 2 open charges and 1 have been satisfied in the past.
vgc developments limited 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.
Click to start generating capital raising & share issue transactions for VGC DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
vgc developments limitedCompanies House Filings - See Documents
