ice processing technologies limited

1.5

ice processing technologies limited Company Information

Share ICE PROCESSING TECHNOLOGIES LIMITED
Live (In Receivership)
EstablishedMicro

Company Number

09074033

Registered 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

Directors

Kurush Sarkari10 Years

James Vallance4 Years

Shareholders

international currency exchange limited 100%

ice processing technologies limited Estimated Valuation

£263.8k

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

£1.5m

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

£708.3k

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

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

0 Regular

positive_score

5 Weak

size

Size

annual sales of £144k, make it smaller than the average company (£3.2m)

£144k - Ice Processing Technologies Limited

£3.2m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Ice Processing Technologies Limited

- - Industry AVG

production

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

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

Employees

with 1 employees, this is below the industry average (13)

1 - Ice Processing Technologies Limited

13 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Ice Processing Technologies Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £144k, this is less efficient (£201.2k)

£144k - Ice Processing Technologies Limited

£201.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Ice Processing Technologies Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Ice Processing Technologies Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ice Processing Technologies Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015
Turnover144,000144,00084,00000
Other Income Or Grants00000
Cost Of Sales00000
Gross Profit144,000144,00084,00000
Admin Expenses-64,616-6,223-5,05700
Operating Profit208,616150,22389,05700
Interest Payable14,95015,77210,02300
Interest Receivable00000
Pre-Tax Profit193,666134,45179,03400
Tax-37,761-25,660-15,80700
Profit After Tax155,905108,79163,22700
Dividends Paid00000
Retained Profit155,905108,79163,22700
Employee Costs00000
Number Of Employees11110
EBITDA*208,616150,22389,05700

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015
Tangible Assets00000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets00000
Stock & work in progress00000
Trade Debtors00000
Group Debtors3,350,8371,950,8822,455,84900
Misc Debtors177,399177,399170,50300
Cash193,87527,998147,52225,0000
misc current assets00000
total current assets3,722,1112,156,2792,773,87425,0000
total assets3,722,1112,156,2792,773,87425,0000
Bank overdraft1,018,3651,098,265000
Bank loan00000
Trade Creditors 557,126830,0122,664,51600
Group/Directors Accounts00000
other short term finances00000
hp & lease commitments00000
other current liabilities1,793,69730,98421,13100
total current liabilities3,369,1881,959,2612,685,64700
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities00000
total liabilities3,369,1881,959,2612,685,64700
net assets352,923197,01888,22725,0000
total shareholders funds352,923197,01888,22725,0000
Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015
Operating Activities
Operating Profit208,616150,22389,05700
Depreciation00000
Amortisation00000
Tax-37,761-25,660-15,80700
Stock00000
Debtors1,399,955-498,0712,626,35200
Creditors-272,886-1,834,5042,664,51600
Accruals and Deferred Income1,762,7139,85321,13100
Deferred Taxes & Provisions00000
Cash flow from operations260,727-1,202,017132,54500
Investing Activities
capital expenditure00000
Change in Investments00000
cash flow from investments00000
Financing Activities
Bank loans00000
Group/Directors Accounts00000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue00025,0000
interest-14,950-15,772-10,02300
cash flow from financing-14,950-15,772-10,02325,0000
cash and cash equivalents
cash165,877-119,524122,52225,0000
overdraft-79,9001,098,265000
change in cash245,777-1,217,789122,52225,0000

ice processing technologies limited 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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Ice Processing Technologies Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

international currency exchange limited 100%

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).

officercountryagestartendrole
Mr Kurush Sarkari59 years Jun 2014- Director
Mr James VallanceUnited Kingdom60 years Sep 2020- Director

P&L

February 2019

turnover

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 2019

net 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.

charges

ice processing technologies limited Companies House Filings - See Documents

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