project ires topco limited Company Information
Company Number
09113299
Website
-Registered Address
spring lodge 172 chester road, helsby, cheshire, england, WA6 0AR
Industry
Activities of head offices
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
inflexion 2010 buyout fund 24.2%
inflexion 2010 buyout fund (2) 19%
View Allproject ires topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT IRES TOPCO LIMITED at £499.6m based on a Turnover of £108.2m and 4.62x industry multiple (adjusted for size and gross margin).
project ires topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT IRES TOPCO LIMITED at £65.7m based on an EBITDA of £8.3m and a 7.91x industry multiple (adjusted for size and gross margin).
project ires topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT IRES TOPCO LIMITED at £0 based on Net Assets of £-99.5m and 3.95x industry multiple (adjusted for liquidity).
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Project Ires Topco Limited Overview
Project Ires Topco Limited is a live company located in cheshire, WA6 0AR with a Companies House number of 09113299. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2014, it's largest shareholder is inflexion 2010 buyout fund with a 24.2% stake. Project Ires Topco Limited is a established, mega sized company, Pomanda has estimated its turnover at £108.2m with healthy growth in recent years.
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Project Ires Topco Limited Health Check
Pomanda's financial health check has awarded Project Ires Topco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £108.2m, make it larger than the average company (£21.3m)
£108.2m - Project Ires Topco Limited
£21.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (5.1%)
4% - Project Ires Topco Limited
5.1% - Industry AVG
Production
with a gross margin of 16.3%, this company has a higher cost of product (33.3%)
16.3% - Project Ires Topco Limited
33.3% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (5.8%)
0.9% - Project Ires Topco Limited
5.8% - Industry AVG
Employees
with 308 employees, this is above the industry average (122)
308 - Project Ires Topco Limited
122 - Industry AVG
Pay Structure
on an average salary of £55.1k, the company has an equivalent pay structure (£46.2k)
£55.1k - Project Ires Topco Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £351.4k, this is more efficient (£189.8k)
£351.4k - Project Ires Topco Limited
£189.8k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (46 days)
44 days - Project Ires Topco Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (45 days)
46 days - Project Ires Topco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Ires Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (16 weeks)
15 weeks - Project Ires Topco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 328.7%, this is a higher level of debt than the average (56.4%)
328.7% - Project Ires Topco Limited
56.4% - Industry AVG
project ires topco limited Credit Report and Business Information
Project Ires Topco Limited Competitor Analysis
Perform a competitor analysis for project ires topco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
project ires topco limited Ownership
PROJECT IRES TOPCO LIMITED group structure
Project Ires Topco Limited has 1 subsidiary company.
Ultimate parent company
PROJECT IRES TOPCO LIMITED
09113299
1 subsidiary
project ires topco limited directors
Project Ires Topco Limited currently has 6 directors. The longest serving directors include Mr Francis Herlihy (Jul 2014) and Mr Simon Rio (Jul 2014).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Francis Herlihy | Scotland | 58 years | Jul 2014 | - | Director |
Mr Simon Rio | Scotland | 47 years | Jul 2014 | - | Director |
Mr Gary Young | 62 years | Jul 2023 | - | Director | |
Mr Alasdair Ryder | England | 62 years | Jul 2023 | - | Director |
Mr Thomas Rowe | England | 56 years | Jul 2023 | - | Director |
Ms Abigail Draper | Scotland | 53 years | Jul 2023 | - | Director |
PROJECT IRES TOPCO LIMITED financials
Project Ires Topco Limited's latest turnover from June 2023 is £108.2 million and the company has net assets of -£99.5 million. According to their latest financial statements, Project Ires Topco Limited has 308 employees and maintains cash reserves of £5.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
---|---|---|---|---|---|---|---|---|---|
Turnover | 108,224,000 | 86,569,000 | 81,629,000 | 95,060,000 | 90,025,000 | 62,214,000 | 54,199,000 | 35,522,000 | 46,992,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 90,558,000 | 70,560,000 | 67,259,000 | 81,563,000 | 77,764,000 | 52,304,000 | 46,229,000 | 28,635,000 | 36,753,000 |
Gross Profit | 17,666,000 | 16,009,000 | 14,370,000 | 13,497,000 | 12,261,000 | 9,910,000 | 7,970,000 | 6,887,000 | 10,239,000 |
Admin Expenses | 16,655,000 | 14,589,000 | 13,485,000 | 13,383,000 | 12,732,000 | 11,983,000 | 12,273,000 | 12,958,000 | 13,076,000 |
Operating Profit | 1,011,000 | 1,420,000 | 885,000 | 114,000 | -471,000 | -2,073,000 | -4,303,000 | -6,071,000 | -2,837,000 |
Interest Payable | 14,682,000 | 10,685,000 | 10,286,000 | 9,853,000 | 9,319,000 | 8,656,000 | 7,932,000 | 7,132,000 | 6,792,000 |
Interest Receivable | 0 | 0 | 0 | 11,000 | 10,000 | 46,000 | 158,000 | 17,000 | 0 |
Pre-Tax Profit | -13,671,000 | -9,265,000 | -9,401,000 | -9,728,000 | -9,780,000 | -10,683,000 | -12,433,000 | -13,477,000 | -9,629,000 |
Tax | -17,000 | -1,404,000 | -327,000 | -389,000 | -102,000 | -53,000 | 1,048,000 | 543,000 | 381,000 |
Profit After Tax | -13,688,000 | -10,669,000 | -9,728,000 | -10,117,000 | -9,882,000 | -10,736,000 | -11,385,000 | -12,934,000 | -9,248,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -13,688,000 | -10,669,000 | -9,728,000 | -10,117,000 | -9,882,000 | -10,736,000 | -11,385,000 | -12,934,000 | -9,248,000 |
Employee Costs | 16,967,000 | 11,710,000 | 7,139,000 | 7,781,000 | 5,877,000 | 5,234,000 | 5,460,000 | 6,039,000 | 4,482,000 |
Number Of Employees | 308 | 226 | 154 | 154 | 114 | 98 | 86 | 82 | 74 |
EBITDA* | 8,304,000 | 8,659,000 | 7,889,000 | 7,117,000 | 6,470,000 | 5,005,000 | 3,062,000 | 1,386,000 | 4,823,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,297,000 | 1,253,000 | 1,224,000 | 1,471,000 | 1,636,000 | 1,345,000 | 1,394,000 | 1,598,000 | 1,386,000 |
Intangible Assets | 8,152,000 | 15,778,000 | 22,175,000 | 26,594,000 | 33,202,000 | 39,835,000 | 46,666,000 | 53,239,000 | 59,397,000 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 9,449,000 | 17,031,000 | 23,399,000 | 28,065,000 | 34,838,000 | 41,180,000 | 48,060,000 | 54,837,000 | 60,783,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 75,000 | 90,000 | 110,000 | 110,000 | 123,000 |
Trade Debtors | 13,157,000 | 11,351,000 | 10,971,000 | 11,837,000 | 11,303,000 | 8,344,000 | 10,457,000 | 4,795,000 | 9,128,000 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 15,612,000 | 11,860,000 | 8,793,000 | 6,968,000 | 14,935,000 | 6,890,000 | 8,073,000 | 3,021,000 | 3,221,000 |
Cash | 5,294,000 | 4,671,000 | 15,991,000 | 9,490,000 | 3,138,000 | 2,223,000 | 1,590,000 | 2,835,000 | 3,887,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 34,063,000 | 27,882,000 | 35,755,000 | 28,295,000 | 29,451,000 | 17,547,000 | 20,230,000 | 10,761,000 | 16,359,000 |
total assets | 43,512,000 | 44,913,000 | 59,154,000 | 56,360,000 | 64,289,000 | 58,727,000 | 68,290,000 | 65,598,000 | 77,142,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 10,500,000 | 14,000,000 | 14,000,000 | 0 | 1,516,000 | 1,416,000 | 1,238,000 | 888,000 |
Trade Creditors | 11,493,000 | 8,025,000 | 7,993,000 | 10,106,000 | 11,578,000 | 5,637,000 | 9,503,000 | 2,519,000 | 3,038,000 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 101,719,000 | 101,502,000 | 0 | 14,000 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 6,497,000 | 8,519,000 | 6,387,000 | 1,632,000 | 6,584,000 | 3,482,000 | 3,715,000 | 1,339,000 | 3,782,000 |
total current liabilities | 17,990,000 | 128,763,000 | 129,882,000 | 25,738,000 | 18,176,000 | 10,635,000 | 14,634,000 | 5,096,000 | 7,708,000 |
loans | 124,283,000 | 809,000 | 842,000 | 91,842,000 | 96,630,000 | 88,192,000 | 82,309,000 | 77,035,000 | 72,146,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 740,000 | 1,154,000 | 1,824,000 | 2,446,000 | 3,067,000 | 3,602,000 | 4,319,000 | 5,101,000 | 5,988,000 |
total long term liabilities | 125,023,000 | 1,963,000 | 2,666,000 | 94,288,000 | 99,697,000 | 91,794,000 | 86,628,000 | 82,136,000 | 78,134,000 |
total liabilities | 143,013,000 | 130,726,000 | 132,548,000 | 120,026,000 | 117,873,000 | 102,429,000 | 101,262,000 | 87,232,000 | 85,842,000 |
net assets | -99,501,000 | -85,813,000 | -73,394,000 | -63,666,000 | -53,584,000 | -43,702,000 | -32,972,000 | -21,634,000 | -8,700,000 |
total shareholders funds | -99,501,000 | -85,813,000 | -73,394,000 | -63,666,000 | -53,584,000 | -43,702,000 | -32,972,000 | -21,634,000 | -8,700,000 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | 1,011,000 | 1,420,000 | 885,000 | 114,000 | -471,000 | -2,073,000 | -4,303,000 | -6,071,000 | -2,837,000 |
Depreciation | 304,000 | 309,000 | 313,000 | 315,000 | 228,000 | 220,000 | 431,000 | 703,000 | 521,000 |
Amortisation | 6,989,000 | 6,930,000 | 6,691,000 | 6,688,000 | 6,713,000 | 6,858,000 | 6,934,000 | 6,754,000 | 7,139,000 |
Tax | -17,000 | -1,404,000 | -327,000 | -389,000 | -102,000 | -53,000 | 1,048,000 | 543,000 | 381,000 |
Stock | 0 | 0 | 0 | -75,000 | -15,000 | -20,000 | 0 | -13,000 | 123,000 |
Debtors | 5,558,000 | 3,447,000 | 959,000 | -7,433,000 | 11,004,000 | -3,296,000 | 10,714,000 | -4,533,000 | 12,349,000 |
Creditors | 3,468,000 | 32,000 | -2,113,000 | -1,472,000 | 5,941,000 | -3,866,000 | 6,984,000 | -519,000 | 3,038,000 |
Accruals and Deferred Income | -2,022,000 | 2,132,000 | 4,755,000 | -4,952,000 | 3,102,000 | -233,000 | 2,376,000 | -2,443,000 | 3,782,000 |
Deferred Taxes & Provisions | -414,000 | -670,000 | -622,000 | -621,000 | -535,000 | -717,000 | -782,000 | -887,000 | 5,988,000 |
Cash flow from operations | 3,761,000 | 5,302,000 | 8,623,000 | 7,191,000 | 3,887,000 | 3,452,000 | 1,974,000 | 2,626,000 | 5,540,000 |
Investing Activities | |||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Financing Activities | |||||||||
Bank loans | -10,500,000 | -3,500,000 | 0 | 14,000,000 | -1,516,000 | 100,000 | 178,000 | 350,000 | 888,000 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | -101,719,000 | 217,000 | 101,502,000 | -14,000 | 14,000 | 0 | 0 | 0 | 0 |
Long term loans | 123,474,000 | -33,000 | -91,000,000 | -4,788,000 | 8,438,000 | 5,883,000 | 5,274,000 | 4,889,000 | 72,146,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||
interest | -14,682,000 | -10,685,000 | -10,286,000 | -9,842,000 | -9,309,000 | -8,610,000 | -7,774,000 | -7,115,000 | -6,792,000 |
cash flow from financing | -3,427,000 | -15,751,000 | 216,000 | -609,000 | -2,373,000 | -2,621,000 | -2,275,000 | -1,876,000 | 66,790,000 |
cash and cash equivalents | |||||||||
cash | 623,000 | -11,320,000 | 6,501,000 | 6,352,000 | 915,000 | 633,000 | -1,245,000 | -1,052,000 | 3,887,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 623,000 | -11,320,000 | 6,501,000 | 6,352,000 | 915,000 | 633,000 | -1,245,000 | -1,052,000 | 3,887,000 |
P&L
June 2023turnover
108.2m
+25%
operating profit
1m
-29%
gross margin
16.4%
-11.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-99.5m
+0.16%
total assets
43.5m
-0.03%
cash
5.3m
+0.13%
net assets
Total assets minus all liabilities
project ires topco limited company details
company number
09113299
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 2014
age
10
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
spring lodge 172 chester road, helsby, cheshire, england, WA6 0AR
last accounts submitted
June 2023
project ires topco 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 4 charges/mortgages relating to project ires topco limited. Currently there are 1 open charges and 3 have been satisfied in the past.
project ires topco limited Companies House Filings - See Documents
date | description | view/download |
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