visor commerce limited
visor commerce limited Company Information
Company Number
09108414
Next Accounts
Sep 2025
Shareholders
mr cassion paton
mnl nominees ltd
View AllGroup Structure
View All
Industry
Business and domestic software development
Registered Address
167-169 great portland street, fifth floor, london, W1W 5PF
Website
https://www.onrecycle.co.ukvisor commerce limited Estimated Valuation
Pomanda estimates the enterprise value of VISOR COMMERCE LIMITED at £31.7m based on a Turnover of £21.6m and 1.47x industry multiple (adjusted for size and gross margin).
visor commerce limited Estimated Valuation
Pomanda estimates the enterprise value of VISOR COMMERCE LIMITED at £0 based on an EBITDA of £-8.6m and a 8.98x industry multiple (adjusted for size and gross margin).
visor commerce limited Estimated Valuation
Pomanda estimates the enterprise value of VISOR COMMERCE LIMITED at £5.2m based on Net Assets of £2.2m and 2.38x industry multiple (adjusted for liquidity).
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Visor Commerce Limited Overview
Visor Commerce Limited is a live company located in london, W1W 5PF with a Companies House number of 09108414. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 2014, it's largest shareholder is mr cassion paton with a 26.7% stake. Visor Commerce Limited is a established, large sized company, Pomanda has estimated its turnover at £21.6m with rapid growth in recent years.
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Visor Commerce Limited Health Check
Pomanda's financial health check has awarded Visor Commerce Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £21.6m, make it larger than the average company (£4.5m)
£21.6m - Visor Commerce Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 188%, show it is growing at a faster rate (10.2%)
- Visor Commerce Limited
10.2% - Industry AVG
Production
with a gross margin of 91.3%, this company has a lower cost of product (72%)
91.3% - Visor Commerce Limited
72% - Industry AVG
Profitability
an operating margin of -41.7% make it less profitable than the average company (3.4%)
-41.7% - Visor Commerce Limited
3.4% - Industry AVG
Employees
with 106 employees, this is above the industry average (42)
106 - Visor Commerce Limited
42 - Industry AVG
Pay Structure
on an average salary of £86.9k, the company has a higher pay structure (£72.2k)
£86.9k - Visor Commerce Limited
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £203.5k, this is more efficient (£121.9k)
£203.5k - Visor Commerce Limited
£121.9k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (58 days)
15 days - Visor Commerce Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 437 days, this is slower than average (41 days)
437 days - Visor Commerce Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Visor Commerce Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (17 weeks)
51 weeks - Visor Commerce Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89%, this is a higher level of debt than the average (62.9%)
89% - Visor Commerce Limited
62.9% - Industry AVG
VISOR COMMERCE LIMITED financials
Visor Commerce Limited's latest turnover from December 2023 is £21.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Visor Commerce Limited has 106 employees and maintains cash reserves of £17 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,567,592 | 11,765,336 | 10,535,783 | ||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 1,870,839 | 32,627 | 27,894 | ||||||
| Gross Profit | 19,696,753 | 11,732,709 | 10,507,889 | ||||||
| Admin Expenses | 28,701,237 | 22,524,736 | 16,006,583 | ||||||
| Operating Profit | -9,004,484 | -10,792,027 | -5,498,694 | ||||||
| Interest Payable | 10,291 | 127 | |||||||
| Interest Receivable | 289,702 | 3,241 | |||||||
| Pre-Tax Profit | -8,725,073 | -10,788,786 | -5,498,821 | ||||||
| Tax | 1,057,608 | 624,169 | 390,552 | ||||||
| Profit After Tax | -7,667,465 | -10,164,617 | -5,108,269 | ||||||
| Dividends Paid | |||||||||
| Retained Profit | -7,667,465 | -10,164,617 | -5,108,269 | ||||||
| Employee Costs | 9,209,501 | 5,876,420 | 2,507,795 | ||||||
| Number Of Employees | 106 | 111 | 64 | 18 | 15 | 18 | 8 | ||
| EBITDA* | -8,638,992 | -10,662,606 | -5,162,058 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 141,899 | 338,055 | 170,849 | 10,119 | 3,148 | 4,198 | 5,200 | 4,781 | 71,749 |
| Intangible Assets | 86,868 | 187,550 | 17,820 | 136,141 | 160,115 | 184,456 | 208,797 | 154,300 | 13,125 |
| Investments & Other | 57,300 | 57,500 | |||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 228,767 | 525,605 | 188,669 | 146,260 | 163,263 | 188,654 | 213,997 | 216,381 | 142,374 |
| Stock & work in progress | |||||||||
| Trade Debtors | 897,759 | 4,273 | 131,904 | 7,427 | 13,501 | 17,585 | 13,317 | 16,474 | |
| Group Debtors | 2,762 | 38,022 | 73,135 | 1,135 | |||||
| Misc Debtors | 1,691,224 | 1,228,867 | 505,351 | 761,799 | 216,620 | 29,642 | 57,295 | 15 | |
| Cash | 16,985,978 | 10,239,211 | 16,393,534 | 3,212,522 | 34,909 | 45,580 | 11,329 | 14,043 | 5,237 |
| misc current assets | |||||||||
| total current assets | 19,574,961 | 11,472,351 | 17,030,789 | 3,981,748 | 254,291 | 126,745 | 159,344 | 28,510 | 21,711 |
| total assets | 19,803,728 | 11,997,956 | 17,219,458 | 4,128,008 | 417,554 | 315,399 | 373,341 | 244,891 | 164,085 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 2,241,799 | 1,714,379 | 463,141 | 945,002 | 97,335 | 25,857 | 1,469 | 4,800 | 167,290 |
| Group/Directors Accounts | 12,732,188 | 91,019 | 64,104 | ||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 2,222,885 | 1,970,694 | 1,630,392 | 239,312 | 38,817 | 37,103 | 43,296 | 30,859 | |
| total current liabilities | 17,196,872 | 3,685,073 | 2,093,533 | 1,184,314 | 227,171 | 62,960 | 44,765 | 99,763 | 167,290 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 550,000 | ||||||||
| provisions | 428,284 | 102,222 | 79,123 | 36,522 | 25,439 | ||||
| total long term liabilities | 428,284 | 102,222 | 79,123 | 550,000 | 36,522 | 25,439 | |||
| total liabilities | 17,625,156 | 3,787,295 | 2,172,656 | 1,184,314 | 227,171 | 612,960 | 81,287 | 125,202 | 167,290 |
| net assets | 2,178,572 | 8,210,661 | 15,046,802 | 2,943,694 | 190,383 | -297,561 | 292,054 | 119,689 | -3,205 |
| total shareholders funds | 2,178,572 | 8,210,661 | 15,046,802 | 2,943,694 | 190,383 | -297,561 | 292,054 | 119,689 | -3,205 |
| Dec 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -9,004,484 | -10,792,027 | -5,498,694 | ||||||
| Depreciation | 238,948 | 98,658 | 13,480 | 1,050 | 1,401 | 1,733 | 1,594 | 2,125 | |
| Amortisation | 126,544 | 30,763 | 323,156 | 24,341 | 24,341 | 21,242 | 9,004 | 4,375 | |
| Tax | 1,057,608 | 624,169 | 390,552 | ||||||
| Stock | |||||||||
| Debtors | 1,355,843 | 595,885 | -131,971 | 549,844 | 138,217 | -66,850 | 133,548 | -2,007 | 16,474 |
| Creditors | 527,420 | 1,251,238 | -481,861 | 847,667 | 71,478 | 24,388 | -3,331 | -162,490 | 167,290 |
| Accruals and Deferred Income | 252,191 | 340,302 | 1,391,080 | 200,495 | 1,714 | -6,193 | 12,437 | 30,859 | |
| Deferred Taxes & Provisions | 326,062 | 23,099 | 79,123 | -36,522 | 11,083 | 25,439 | |||
| Cash flow from operations | -7,831,554 | -9,019,683 | -3,651,193 | ||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -57,300 | -200 | 57,500 | ||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 12,732,188 | -91,019 | 91,019 | -64,104 | 64,104 | ||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -550,000 | 550,000 | |||||||
| share issue | |||||||||
| interest | 279,411 | 3,241 | -127 | ||||||
| cash flow from financing | 14,646,975 | 3,331,717 | 17,211,250 | ||||||
| cash and cash equivalents | |||||||||
| cash | 6,746,767 | -6,154,323 | 13,181,012 | 3,177,613 | -10,671 | 34,251 | -2,714 | 8,806 | 5,237 |
| overdraft | |||||||||
| change in cash | 6,746,767 | -6,154,323 | 13,181,012 | 3,177,613 | -10,671 | 34,251 | -2,714 | 8,806 | 5,237 |
visor commerce limited Credit Report and Business Information
Visor Commerce Limited Competitor Analysis
Perform a competitor analysis for visor commerce limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in W1W area or any other competitors across 12 key performance metrics.
visor commerce limited Ownership
VISOR COMMERCE LIMITED group structure
Visor Commerce Limited has no subsidiary companies.
visor commerce limited directors
Visor Commerce Limited currently has 3 directors. The longest serving directors include Mr Cassion Paton (Jun 2014) and Mr Mark Pearson (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Cassion Paton | England | 40 years | Jun 2014 | - | Director |
| Mr Mark Pearson | 44 years | Feb 2020 | - | Director | |
| Mr James Watts | England | 39 years | May 2021 | - | Director |
P&L
December 2023turnover
21.6m
+83%
operating profit
-9m
-17%
gross margin
91.4%
-8.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.2m
-0.73%
total assets
19.8m
+0.65%
cash
17m
+0.66%
net assets
Total assets minus all liabilities
Similar Companies
visor commerce limited company details
company number
09108414
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
167-169 great portland street, fifth floor, london, W1W 5PF
Bank
-
Legal Advisor
-
visor commerce 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 1 charges/mortgages relating to visor commerce limited. Currently there are 0 open charges and 1 have been satisfied in the past.
visor commerce 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.
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visor commerce limited Companies House Filings - See Documents
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