ice processing technologies limited Company Information
Company Number
09074033
Website
www.iceplc.comRegistered Address
c/o teneo financial advisory lim, the colmore building, birmingham, B4 6AT
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
03301231432
Next Accounts Due
1353 days late
Group Structure
View All
Shareholders
international currency exchange limited 100%
ice processing technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ICE PROCESSING TECHNOLOGIES LIMITED at £263.8k based on a Turnover of £144k and 1.83x industry multiple (adjusted for size and gross margin).
ice processing technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ICE PROCESSING TECHNOLOGIES LIMITED at £1.5m based on an EBITDA of £208.6k and a 7.07x industry multiple (adjusted for size and gross margin).
ice processing technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ICE PROCESSING TECHNOLOGIES LIMITED at £708.3k based on Net Assets of £352.9k and 2.01x industry multiple (adjusted for liquidity).
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Ice Processing Technologies Limited Overview
Ice Processing Technologies Limited is a live company located in birmingham, B4 6AT with a Companies House number of 09074033. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 2014, it's largest shareholder is international currency exchange limited with a 100% stake. Ice Processing Technologies Limited is a established, micro sized company, Pomanda has estimated its turnover at £144k with unknown growth in recent years.
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Ice Processing Technologies Limited Health Check
Pomanda's financial health check has awarded Ice Processing Technologies Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
5 Weak
Size
annual sales of £144k, make it smaller than the average company (£3.2m)
£144k - Ice Processing Technologies Limited
£3.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ice Processing Technologies Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (66%)
100% - Ice Processing Technologies Limited
66% - Industry AVG
Profitability
an operating margin of 144.9% make it more profitable than the average company (11.6%)
144.9% - Ice Processing Technologies Limited
11.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (13)
- Ice Processing Technologies Limited
13 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Ice Processing Technologies Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £144k, this is less efficient (£201.2k)
- Ice Processing Technologies Limited
£201.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ice Processing Technologies Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ice Processing Technologies Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ice Processing Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (38 weeks)
2 weeks - Ice Processing Technologies Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (55.2%)
90.5% - Ice Processing Technologies Limited
55.2% - Industry AVG
ICE PROCESSING TECHNOLOGIES LIMITED financials
Ice Processing Technologies Limited's latest turnover from February 2019 is £144 thousand and the company has net assets of £352.9 thousand. According to their latest financial statements, we estimate that Ice Processing Technologies Limited has 1 employee and maintains cash reserves of £193.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
---|---|---|---|---|---|
Turnover | 144,000 | 144,000 | 84,000 | 0 | |
Other Income Or Grants | 0 | 0 | 0 | 0 | |
Cost Of Sales | 0 | 0 | 0 | 0 | |
Gross Profit | 144,000 | 144,000 | 84,000 | 0 | |
Admin Expenses | -64,616 | -6,223 | -5,057 | 0 | |
Operating Profit | 208,616 | 150,223 | 89,057 | 0 | |
Interest Payable | 14,950 | 15,772 | 10,023 | 0 | |
Interest Receivable | 0 | 0 | 0 | 0 | |
Pre-Tax Profit | 193,666 | 134,451 | 79,034 | 0 | |
Tax | -37,761 | -25,660 | -15,807 | 0 | |
Profit After Tax | 155,905 | 108,791 | 63,227 | 0 | |
Dividends Paid | 0 | 0 | 0 | 0 | |
Retained Profit | 155,905 | 108,791 | 63,227 | 0 | |
Employee Costs | 0 | 0 | 0 | 0 | |
Number Of Employees | |||||
EBITDA* | 208,616 | 150,223 | 89,057 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 3,350,837 | 1,950,882 | 2,455,849 | 0 | 0 |
Misc Debtors | 177,399 | 177,399 | 170,503 | 0 | 0 |
Cash | 193,875 | 27,998 | 147,522 | 25,000 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,722,111 | 2,156,279 | 2,773,874 | 25,000 | 0 |
total assets | 3,722,111 | 2,156,279 | 2,773,874 | 25,000 | 0 |
Bank overdraft | 1,018,365 | 1,098,265 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 557,126 | 830,012 | 2,664,516 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1,793,697 | 30,984 | 21,131 | 0 | 0 |
total current liabilities | 3,369,188 | 1,959,261 | 2,685,647 | 0 | 0 |
loans | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 |
total liabilities | 3,369,188 | 1,959,261 | 2,685,647 | 0 | 0 |
net assets | 352,923 | 197,018 | 88,227 | 25,000 | 0 |
total shareholders funds | 352,923 | 197,018 | 88,227 | 25,000 | 0 |
Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
---|---|---|---|---|---|
Operating Activities | |||||
Operating Profit | 208,616 | 150,223 | 89,057 | 0 | |
Depreciation | 0 | 0 | 0 | 0 | |
Amortisation | 0 | 0 | 0 | 0 | |
Tax | -37,761 | -25,660 | -15,807 | 0 | |
Stock | 0 | 0 | 0 | 0 | 0 |
Debtors | 1,399,955 | -498,071 | 2,626,352 | 0 | 0 |
Creditors | -272,886 | -1,834,504 | 2,664,516 | 0 | 0 |
Accruals and Deferred Income | 1,762,713 | 9,853 | 21,131 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 260,727 | -1,202,017 | 132,545 | 0 | |
Investing Activities | |||||
capital expenditure | |||||
Change in Investments | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||
Financing Activities | |||||
Bank loans | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 |
share issue | |||||
interest | -14,950 | -15,772 | -10,023 | 0 | |
cash flow from financing | -14,950 | -15,772 | -10,023 | 25,000 | |
cash and cash equivalents | |||||
cash | 165,877 | -119,524 | 122,522 | 25,000 | 0 |
overdraft | -79,900 | 1,098,265 | 0 | 0 | 0 |
change in cash | 245,777 | -1,217,789 | 122,522 | 25,000 | 0 |
ice processing technologies limited Credit Report and Business Information
Ice Processing Technologies Limited Competitor Analysis
Perform a competitor analysis for ice processing technologies limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in B 4 area or any other competitors across 12 key performance metrics.
ice processing technologies limited Ownership
ICE PROCESSING TECHNOLOGIES LIMITED group structure
Ice Processing Technologies Limited has no subsidiary companies.
Ultimate parent company
2 parents
ICE PROCESSING TECHNOLOGIES LIMITED
09074033
ice processing technologies limited directors
Ice Processing Technologies Limited currently has 2 directors. The longest serving directors include Mr Kurush Sarkari (Jun 2014) and Mr James Vallance (Sep 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Kurush Sarkari | 59 years | Jun 2014 | - | Director | |
Mr James Vallance | United Kingdom | 60 years | Sep 2020 | - | Director |
P&L
February 2019turnover
144k
0%
operating profit
208.6k
+39%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2019net assets
352.9k
+0.79%
total assets
3.7m
+0.73%
cash
193.9k
+5.92%
net assets
Total assets minus all liabilities
ice processing technologies limited company details
company number
09074033
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
June 2014
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2019
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
c/o teneo financial advisory lim, the colmore building, birmingham, B4 6AT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
ice processing technologies 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 ice processing technologies limited.
ice processing technologies limited Companies House Filings - See Documents
date | description | view/download |
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